Claramellorforex

Claramellorforex

US SPX 500: Bulls Getting Lethargic, and At Risk of a Minor Corrective Decline The US 10-year Treasury yield has pierced above 4.06% & its 200-day moving average; a sign that recent easing liquidity conditions have started to abate. A 3-year low seen in the implied correlation among S&P 500 constituents may trigger an imminent spike in the VIX. The S&P 500 is...

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Gold futures saw significant gains amid Middle East tensions, with XAU/USD reaching $2,062/oz. Despite a strong USD, the outlook remains bullish with potential resistance at $2,100. Last Friday, Gold futures recorded their biggest single-session gain since mid-December, driven by concerns over wider-ranging tensions in the Middle East. The yellow metal's...

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The Ibovespa rose by 0.7% to above the 131,600 level on Friday, reversing previous sessions of losses amid rising oil prices and lower future interest rates. The US and the UK conducted airstrikes on Houthi targets in Yemen, disrupting commercial routes in the Red Sea and causing supply disruptions. This led to a week-ending surge in oil prices, benefiting...

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US stocks swung between gains and losses on Friday as traders digest recent earnings reports and lower-than-expected producer inflation data. Both the S&P 500 and the Nasdaq were around the flatline while the Dow Jones lost nearly 190 points. On the corporate front, UnitedHealth declined about 4.2% after beating earnings expectations but reported a...

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Nasdaq-100 index reversed from support level 16170.00 Likely to rise to resistance level 16930.00 Nasdaq-100 index recently reversed up from the pivotal support level 16170.00 (former double top from the end of November) intersecting with the 38.2% Fibonacci correction of the upward impulse from November. The upward reversal from the support level 16170.00...

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The CAC 40 fell about 0.2% to trade at 7,405 on Monday, tracking its regional peers lower, as traders pare bets major central banks and specially the Fed will cut interest rates as soon as March. Lower oil prices also weighed on the energy sector. Among single stocks, TotalEnergies (-1.5%) and Legrand (-0.7%) led the losses. Conversely, Airbus (+1.3%)...

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The FTSE MIB was down by 0.6% to trade around the 30,250 mark on Monday, as investors remained cautious ahead of crucial economic data releases, namely the US inflation figures, that are expected to provide further insights into the potential trajectory of global monetary policy. On the corporate front, petrochemical firms, such as Saipem (-2.6%) and Eni...

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The IBEX 35 edged down to 10,140 on Monday, declining for the second session and following most of its European peers, as investors exercised caution ahead of this week's publication of inflation figures in the US, which could shed some light on interest rates path. On the macroeconomic front, Euro Area retails sales fell as expected in November, while the...

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European equity markets remained slightly in the red on Monday, with the STOXX 50 edging 0.1% lower and the broader STOXX 600 retreating 0.2%, as investors digested a slew of economic data while remaining cautious ahead of the upcoming release of US inflation figures, which are expected to provide insights into the potential trajectory of the Federal Reserve's...

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At the end of the day, gold witnessed a modest decline influenced by the stronger jobs report and related interest rate dynamics. Gold experienced a slight decline in response to the moderately stronger-than-expected jobs report from the United States, a reaction closely tied to movements in interest rates. However, it is worth noting that the market had been...

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The Australian dollar held below $0.678, hovering at its lowest levels in nearly two weeks, weighed down by a rebound in the US dollar as investors pared back aggressive bets on Federal Reserve interest rate cuts this year. A cautious turn in risk sentiment also pressured the aussie, with stocks and commodities retreating sharply from recent highs while...

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EUR/USD edges lower to 1.0941 amid the firm USD. The US S&P Global Manufacturing PMI for December eased to 47.9 vs. 48.2 prior, weaker than expected. The increased odds of rate cuts from the European Central Bank (ECB) weigh on the Euro. The EUR/USD pair remains under pressure during the early Asian session on Wednesday. The downtick of the pair is driven...

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USD/JPY trades in positive territory for two straight days on Wednesday. The US final Manufacturing PMI for December came in weaker than expected, easing from 48.2 to 47.9. BOJ’s Ueda said that the possibility of the BoJ sustainably achieving the inflation target seems to be gradually rising. Investors await the final US ISM Manufacturing PMI report and the...

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The Shanghai Composite rose 0.15% to around 2,966 while the Shenzhen Component fell 0.6% to 9,350 in mixed trade on Wednesday, with mainland stocks struggling for direction as weak global sentiment weighed on the market. US stocks tumbled overnight as investors locked in profits and dialed back bets on the scale of interest rate cuts from major central banks...

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The dollar index closed the year down 2%, the first yearly decline since 2020 after gaining about 15% over the previous two years as traders piled on bets that the Federal Reserve could start cutting interest rates as soon as March next year. After implementing an aggressive rate-hiking cycle that started in early 2022, the US central bank is now expected to begin...

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BoJ Summary of Opinion highlights split over shift in policy The Japanese yen continues to have a quiet week. In the European session, USD/JPY is trading at 142.54, up 0.12%. The Bank of Japan’s summary of opinions from the December meeting was released earlier today. That meeting was somewhat of a disappointment to the markets, as there were expectations of a...

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Speculators will now need to look at six-month charts to try and contemplate the potential direction of the USD/BRL. Upon opening yesterday after the long Christmas weekend, the USD/BRL continued to track downward. The currency pair closed Tuesday’s trading near the 4.8130 depth, after touching a low around the 4.8475 value. Intriguingly yesterday’s open started...

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To summarize, the gold market's recent performance signifies a robust bullish bias. The gold market experienced a modest rally during Tuesday's trading session, underscoring the persistent bullish sentiment. Of particular significance is the $2050 level, which has emerged as a key focal point. This level not only serves as a formidable support but also...