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Market Analysis Report: Eurozone Inflation Sparks Caution Among Investors

Market Analysis Report: Eurozone Inflation Sparks Caution Among Investors

On Friday, both the STOXX 50 and STOXX 600 indices hovered around the flatline as traders adopted a cautious stance following a higher-than-anticipated inflation report for the Eurozone. Headline inflation rose to 2.6%, with the core rate accelerating to 2.9%, surpassing the forecasts of 2.5% and 2.8%, respectively. Despite this, the European Central Bank (ECB) […]
Investors’ Focus Today Is On The PCE Price Index Data

Investors’ Focus Today Is On The PCE Price Index Data

Image source: Pixabay  At the end of Thursday, the Dow Jones Index (US30) decreased by 0.86%. The S&P 500 Index (US500) is down 0.60%. The Nasdaq Technology Index (US100) closed negative 1.08%. Meanwhile, the S&P 500 (US500) fell to a 2-week low, the Dow Jones (US30) fell to a 4-week low, and the Nasdaq (US100) fell to a 1-week low. Stocks came under pressure due to concerns that […]
Crude Oil Commentary – Friday, May 31

Crude Oil Commentary – Friday, May 31

Crude Falls BackFollowing a strong start to the week, oil prices have turned lower through the last few days with crude futures now down around 4% from the week’s highs. A combination of a stronger US Dollar and weak data out of China have hit sentiment into the back end of the week. Recent Fed […]
Daily Market Outlook – Friday, May 31

Daily Market Outlook – Friday, May 31

Image Source: Unsplash  On Friday, Asian stocks saw an increase and are set to mark the fourth consecutive month of gains. Meanwhile, the dollar remained stagnant, causing the yen to stay steady as investors anticipate inflation reports from both Europe and the U.S. These reports are likely to determine the direction of global interest rates. Additionally, […]
Commodities Versus Gold

Commodities Versus Gold

Gold is no longer money in the true meaning of the word*, but it still trades more like a currency than a consumable commodity and therefore should be analysed as a currency. In fact, in a currency hierarchy we would put gold at the top, then the US$, then a big drop to the euro, […]
Electricity Demand May Cure Debt Concerns

Electricity Demand May Cure Debt Concerns

The future of electricity demand for everything from electric cars to Bitcoin mining to artificial intelligence may also be the cure for our debt concerns.Before you dismiss that statement, let me explain.One of the bears’ primary arguments against the financial market and the economy’s health is what is perceived as the surging increase in Government […]
USD/CHF Recovers To 0.9050 With US Core PCE Inflation In Focus

USD/CHF Recovers To 0.9050 With US Core PCE Inflation In Focus

The USD/CHF pair rebounds to near 0.9050 in Friday’s European session after discovering buying interest around 0.9020. The Swiss Franc asset finds cushion as the US Dollar manages to have a firm footing amid a cautious market mood.Market sentiment turns risk-averse amid uncertainty ahead of the United States core Personal Consumption Expenditure Price Index (PCE) data for April, which […]
The Euro’s Strong Around The Turn Of The Month

The Euro’s Strong Around The Turn Of The Month

Image Source: Pexels  Seasonax’s seasonality feature can flag up some great event patterns. One of these events that is always good to look at is the turn of the month effect.Well known with stocks and indexes, but there can also be some interesting turn of the month reactions around currencies. The EURUSD for example has an […]
The Dollar’s Dance And The Data Dilemma

The Dollar’s Dance And The Data Dilemma

Image Source: Pixabay  Having bounced around in ranges all week like a caffeinated squirrel, the dollar might just be ready to embark on a new trend. With the Fed playing a game of “Let’s See What the Data Says,” the April core PCE deflator is set to be the belle of the ball. If it deviates […]
Elliott Wave Analysis: US Indices – Friday, May 31

Elliott Wave Analysis: US Indices – Friday, May 31

Image Source: Pexels  Elliott Wave Analysis Indices: Elliott Wave Analysis Indices: S&P 500 and Nasdaq Elliott Wave (c) of iv) of 1 of (5) of 3) of I Elliott Wave iv) is close to completion, even though poor earnings from CRM and DELL and other and of course the Trump verdict. I’m thinking the Core PCE […]