The recent decrease in the price of silver by 2.6% to $26.4 per ounce since Tuesday highlights a significant shift in momentum. Following a failed attempt to surpass the $30 per ounce mark on 7 April, silver has been experiencing sideways consolidation without any substantial rebounds. This decline is not simply a minor setback, but
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According to Goldman Sachs, the magic number to watch out for in terms of rising yields negatively affecting equities is when the 10-year Treasury yield hits 5%. This conclusion is based on a new 19-page paper that analyzes market data since the 1980s. The correlation between bond yields and stocks turns negative at this threshold,
The GBP/JPY currency pair has been steadily rising as market sentiment improves, leading to reduced flows to the safe-haven Japanese Yen. Positive lending data in the UK indicates that credit remains ample, which has contributed to the optimism in the market. The BRC Shop Price Index shows disinflation in the UK, but analysts believe it
When analyzing the Australian Stock Exchange (ASX) with REA GROUP LTD – REA, we can see that the Elliott Wave theory suggests that wave 2-red may have recently concluded, indicating the potential for a significant push higher with wave 3-red. This analysis focuses on the major trend in a minor degree, highlighting the motive mode
The Eurozone preliminary core CPI rate for April continued to inch lower at 2.7% y/y, marking its slowest pace of inflationary pressure since February 2022. This downward trend is significant as it reflects a weakening economic situation within the Eurozone. Additionally, the widening spread between 2-year and 10-year Eurozone sovereign bonds and US Treasuries suggests
Germany’s retail sales have shown a positive trend with a significant jump of 1.8% month-over-month in March. This rebound comes after a 1.9% drop in February, indicating a strong recovery in consumer spending. The annual comparison also reveals a 0.3% increase in retail sales, marking a turnaround from the previous decline of 2.7% in February.
As investors eagerly await the release of key economic indicators, the focus remains on employment cost, consumer confidence, and other US economic data. Analysts predict a slight increase in employment cost, which could potentially influence investor sentiment towards a possible Fed rate cut in September. Rising wages may lead to higher disposable income and consumer
China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) showed a positive trend in April, rising to 51.4 from the previous expansion of 51.1 in March. The data, released on Tuesday, surpassed market expectations of 51.0 for the reported month. This increase in PMI indicates a growth in the manufacturing sector, with production expanding at the most
The Options on Secured Overnight Financing Rate (SOFR) futures market is currently signaling a higher likelihood of the Federal Reserve implementing a quarter-percentage-point interest rate hike in the coming year. This projection is primarily driven by the sustained resilience in U.S. inflation and the labor market. Investors closely monitor SOFR futures, along with other leading
The USD/JPY has recently hit a key long-term resistance level of 159.60, signaling a potential shift in market dynamics. The swift upmove in the Asian session has led to increased volatility, which in turn raises the risk of FX intervention. Abrupt intraday movements, such as the one that wiped out earlier gains, are often seen
Silver prices (XAG/USD) have shown an upward trend on Monday, with the price of Silver trading at $27.39 per troy ounce, reflecting a 0.64% increase from the previous Friday. This increase marks a 7.54% rise since the beginning of the year. Additionally, the Gold/Silver ratio, which indicates the number of troy ounces of Silver needed
Currency markets were thrown into chaos as Japan’s currency surged against the dollar after hitting fresh 34-year lows. Traders cited heavy dollar-selling intervention by Japanese banks as the reason behind the dramatic move. This intervention, the first of its kind in 18 months, led to the yen strengthening by as much as 5 yen against