Markets edge lower ahead of a week with earnings and economic data

Posted on by Vrasidas Neofytou

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

The earnings season has begun to ramp up in the United States, with economists looking ahead toward mega-cap tech earnings results this week such as Amazon, Microsoft, and Google-parent Alphabet, while many big banks are posting their quarterly results for the first time since the bank crisis in early March.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

The earnings season has begun to ramp up in the United States, with economists looking ahead toward mega-cap tech earnings results this week such as Amazon, Microsoft, and Google-parent Alphabet, while many big banks are posting their quarterly results for the first time since the bank crisis in early March.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

Earnings season:

The earnings season has begun to ramp up in the United States, with economists looking ahead toward mega-cap tech earnings results this week such as Amazon, Microsoft, and Google-parent Alphabet, while many big banks are posting their quarterly results for the first time since the bank crisis in early March.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

Earnings season:

The earnings season has begun to ramp up in the United States, with economists looking ahead toward mega-cap tech earnings results this week such as Amazon, Microsoft, and Google-parent Alphabet, while many big banks are posting their quarterly results for the first time since the bank crisis in early March.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

Nasdaq Composite, Daily chart

Earnings season:

The earnings season has begun to ramp up in the United States, with economists looking ahead toward mega-cap tech earnings results this week such as Amazon, Microsoft, and Google-parent Alphabet, while many big banks are posting their quarterly results for the first time since the bank crisis in early March.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

Nasdaq Composite, Daily chart

Earnings season:

The earnings season has begun to ramp up in the United States, with economists looking ahead toward mega-cap tech earnings results this week such as Amazon, Microsoft, and Google-parent Alphabet, while many big banks are posting their quarterly results for the first time since the bank crisis in early March.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

Nasdaq Composite, Daily chart

Earnings season:

The earnings season has begun to ramp up in the United States, with economists looking ahead toward mega-cap tech earnings results this week such as Amazon, Microsoft, and Google-parent Alphabet, while many big banks are posting their quarterly results for the first time since the bank crisis in early March.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

Tech-heavy Nasdaq Composite trades just below its yearly highs, keeping its upside momentum amid the prospect of a less hawkish Federal Reserve, coupled with the softening dollar, and bond yields.

Nasdaq Composite, Daily chart

Earnings season:

The earnings season has begun to ramp up in the United States, with economists looking ahead toward mega-cap tech earnings results this week such as Amazon, Microsoft, and Google-parent Alphabet, while many big banks are posting their quarterly results for the first time since the bank crisis in early March.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

Tech-heavy Nasdaq Composite trades just below its yearly highs, keeping its upside momentum amid the prospect of a less hawkish Federal Reserve, coupled with the softening dollar, and bond yields.

Nasdaq Composite, Daily chart

Earnings season:

The earnings season has begun to ramp up in the United States, with economists looking ahead toward mega-cap tech earnings results this week such as Amazon, Microsoft, and Google-parent Alphabet, while many big banks are posting their quarterly results for the first time since the bank crisis in early March.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

Last week’s economic data for the U.S. economy were mixed, with Friday’s flash PMI for April coming in above expectations in both the services and manufacturing sectors, while Thursday’s Philadelphia Fed manufacturing index reading for April showed that business activity in the region continued to contract by more than previously anticipated.

Tech-heavy Nasdaq Composite trades just below its yearly highs, keeping its upside momentum amid the prospect of a less hawkish Federal Reserve, coupled with the softening dollar, and bond yields.

Nasdaq Composite, Daily chart

Earnings season:

The earnings season has begun to ramp up in the United States, with economists looking ahead toward mega-cap tech earnings results this week such as Amazon, Microsoft, and Google-parent Alphabet, while many big banks are posting their quarterly results for the first time since the bank crisis in early March.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

Last week’s economic data for the U.S. economy were mixed, with Friday’s flash PMI for April coming in above expectations in both the services and manufacturing sectors, while Thursday’s Philadelphia Fed manufacturing index reading for April showed that business activity in the region continued to contract by more than previously anticipated.

Tech-heavy Nasdaq Composite trades just below its yearly highs, keeping its upside momentum amid the prospect of a less hawkish Federal Reserve, coupled with the softening dollar, and bond yields.

Nasdaq Composite, Daily chart

Earnings season:

The earnings season has begun to ramp up in the United States, with economists looking ahead toward mega-cap tech earnings results this week such as Amazon, Microsoft, and Google-parent Alphabet, while many big banks are posting their quarterly results for the first time since the bank crisis in early March.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

The fresh economic reports will be very important for policymakers as they could influence the central bank’s next monetary policy actions, including a fresh decision on interest rates, at its next meeting on May 2-3, with market participants pricing in a further 25-bps rate hike.

Last week’s economic data for the U.S. economy were mixed, with Friday’s flash PMI for April coming in above expectations in both the services and manufacturing sectors, while Thursday’s Philadelphia Fed manufacturing index reading for April showed that business activity in the region continued to contract by more than previously anticipated.

Tech-heavy Nasdaq Composite trades just below its yearly highs, keeping its upside momentum amid the prospect of a less hawkish Federal Reserve, coupled with the softening dollar, and bond yields.

Nasdaq Composite, Daily chart

Earnings season:

The earnings season has begun to ramp up in the United States, with economists looking ahead toward mega-cap tech earnings results this week such as Amazon, Microsoft, and Google-parent Alphabet, while many big banks are posting their quarterly results for the first time since the bank crisis in early March.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

The fresh economic reports will be very important for policymakers as they could influence the central bank’s next monetary policy actions, including a fresh decision on interest rates, at its next meeting on May 2-3, with market participants pricing in a further 25-bps rate hike.

Last week’s economic data for the U.S. economy were mixed, with Friday’s flash PMI for April coming in above expectations in both the services and manufacturing sectors, while Thursday’s Philadelphia Fed manufacturing index reading for April showed that business activity in the region continued to contract by more than previously anticipated.

Tech-heavy Nasdaq Composite trades just below its yearly highs, keeping its upside momentum amid the prospect of a less hawkish Federal Reserve, coupled with the softening dollar, and bond yields.

Nasdaq Composite, Daily chart

Earnings season:

The earnings season has begun to ramp up in the United States, with economists looking ahead toward mega-cap tech earnings results this week such as Amazon, Microsoft, and Google-parent Alphabet, while many big banks are posting their quarterly results for the first time since the bank crisis in early March.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

Global markets opened the week with minor losses as investors will be looking to the release of major corporate earnings and economic reports that will give a clue whether the weakening U.S. economic activity and the higher unemployment rate will be enough for the Federal Reserve to bring inflation back to the 2% target.

The fresh economic reports will be very important for policymakers as they could influence the central bank’s next monetary policy actions, including a fresh decision on interest rates, at its next meeting on May 2-3, with market participants pricing in a further 25-bps rate hike.

Last week’s economic data for the U.S. economy were mixed, with Friday’s flash PMI for April coming in above expectations in both the services and manufacturing sectors, while Thursday’s Philadelphia Fed manufacturing index reading for April showed that business activity in the region continued to contract by more than previously anticipated.

Tech-heavy Nasdaq Composite trades just below its yearly highs, keeping its upside momentum amid the prospect of a less hawkish Federal Reserve, coupled with the softening dollar, and bond yields.

Nasdaq Composite, Daily chart

Earnings season:

The earnings season has begun to ramp up in the United States, with economists looking ahead toward mega-cap tech earnings results this week such as Amazon, Microsoft, and Google-parent Alphabet, while many big banks are posting their quarterly results for the first time since the bank crisis in early March.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

Global markets opened the week with minor losses as investors will be looking to the release of major corporate earnings and economic reports that will give a clue whether the weakening U.S. economic activity and the higher unemployment rate will be enough for the Federal Reserve to bring inflation back to the 2% target.

The fresh economic reports will be very important for policymakers as they could influence the central bank’s next monetary policy actions, including a fresh decision on interest rates, at its next meeting on May 2-3, with market participants pricing in a further 25-bps rate hike.

Last week’s economic data for the U.S. economy were mixed, with Friday’s flash PMI for April coming in above expectations in both the services and manufacturing sectors, while Thursday’s Philadelphia Fed manufacturing index reading for April showed that business activity in the region continued to contract by more than previously anticipated.

Tech-heavy Nasdaq Composite trades just below its yearly highs, keeping its upside momentum amid the prospect of a less hawkish Federal Reserve, coupled with the softening dollar, and bond yields.

Nasdaq Composite, Daily chart

Earnings season:

The earnings season has begun to ramp up in the United States, with economists looking ahead toward mega-cap tech earnings results this week such as Amazon, Microsoft, and Google-parent Alphabet, while many big banks are posting their quarterly results for the first time since the bank crisis in early March.

The banking sector will be looking to prove its resilience during a turbulent environment for depositors and policymakers, ahead of a major rate decision by the Fed.

Economic Data: Weekly Outlook:

The week ahead has a slew of some very interesting economic reports that will provide signs about the health of the U.S. economy and labor market, and further signals about the cooling inflation, which will be catalysts of the Fed’s future monetary policy actions.

On Monday and Tuesday, investors will be looking to the release of the latest Dallas Fed manufacturing index, and the U.S. CB Consumer Confidence report respectively for fresh market insights.

On Wednesday, we expect the release of CPI inflation data for Australia and the U.S. Durable Goods report, and on Thursday, the U.S. Advance GDP for Q1, and the key weekly “Unemployment Claims” report.

Meanwhile, on Friday, the Core PCE Price Index-personal consumption expenditure price Index will dominate the headlines, as it’s one of the Fed’s favored inflation gauges.

Brent crude falls to $80 on demand concerns and weak economic data

Posted on by Vrasidas Neofytou

The 6% weekly losses happened despite the positive economic growth signals from China, the world’s second-largest oil consumer after the U.S., where first-quarter GDP grew more than expected after the country relaxed most anti-COVID measures earlier in the year, which has improved the domestic demand for petroleum products.

Oil prices added losses on Thursday on signs of an economic slowdown following some softer-than-expected readings on manufacturing and labor reports in the United States, the world’s largest crude oil consumer, at a time when the gasoline inventories unexpectedly increased last week, showing another sign of lower fuel demand in the country.

The 6% weekly losses happened despite the positive economic growth signals from China, the world’s second-largest oil consumer after the U.S., where first-quarter GDP grew more than expected after the country relaxed most anti-COVID measures earlier in the year, which has improved the domestic demand for petroleum products.

Oil prices added losses on Thursday on signs of an economic slowdown following some softer-than-expected readings on manufacturing and labor reports in the United States, the world’s largest crude oil consumer, at a time when the gasoline inventories unexpectedly increased last week, showing another sign of lower fuel demand in the country.

The 6% weekly losses happened despite the positive economic growth signals from China, the world’s second-largest oil consumer after the U.S., where first-quarter GDP grew more than expected after the country relaxed most anti-COVID measures earlier in the year, which has improved the domestic demand for petroleum products.

Federal Reserve is largely expected to hike interest rates by another 25 bps in the next FOMC policy meeting on May 02-03, with similar hike expectations in Europe and UK in the same week amid the persistently high inflation.

Oil prices added losses on Thursday on signs of an economic slowdown following some softer-than-expected readings on manufacturing and labor reports in the United States, the world’s largest crude oil consumer, at a time when the gasoline inventories unexpectedly increased last week, showing another sign of lower fuel demand in the country.

The 6% weekly losses happened despite the positive economic growth signals from China, the world’s second-largest oil consumer after the U.S., where first-quarter GDP grew more than expected after the country relaxed most anti-COVID measures earlier in the year, which has improved the domestic demand for petroleum products.

Federal Reserve is largely expected to hike interest rates by another 25 bps in the next FOMC policy meeting on May 02-03, with similar hike expectations in Europe and UK in the same week amid the persistently high inflation.

Oil prices added losses on Thursday on signs of an economic slowdown following some softer-than-expected readings on manufacturing and labor reports in the United States, the world’s largest crude oil consumer, at a time when the gasoline inventories unexpectedly increased last week, showing another sign of lower fuel demand in the country.

The 6% weekly losses happened despite the positive economic growth signals from China, the world’s second-largest oil consumer after the U.S., where first-quarter GDP grew more than expected after the country relaxed most anti-COVID measures earlier in the year, which has improved the domestic demand for petroleum products.

Energy investors have turned sellers on oil prices this week, and took out profits after the recent rally, concerned that the higher interest rates and hawkish monetary stance from major central banks of Federal Reserve, ECB, and BoE will damage economic growth in the following quarters, declining the demand for petroleum products.

Federal Reserve is largely expected to hike interest rates by another 25 bps in the next FOMC policy meeting on May 02-03, with similar hike expectations in Europe and UK in the same week amid the persistently high inflation.

Oil prices added losses on Thursday on signs of an economic slowdown following some softer-than-expected readings on manufacturing and labor reports in the United States, the world’s largest crude oil consumer, at a time when the gasoline inventories unexpectedly increased last week, showing another sign of lower fuel demand in the country.

The 6% weekly losses happened despite the positive economic growth signals from China, the world’s second-largest oil consumer after the U.S., where first-quarter GDP grew more than expected after the country relaxed most anti-COVID measures earlier in the year, which has improved the domestic demand for petroleum products.

Energy investors have turned sellers on oil prices this week, and took out profits after the recent rally, concerned that the higher interest rates and hawkish monetary stance from major central banks of Federal Reserve, ECB, and BoE will damage economic growth in the following quarters, declining the demand for petroleum products.

Federal Reserve is largely expected to hike interest rates by another 25 bps in the next FOMC policy meeting on May 02-03, with similar hike expectations in Europe and UK in the same week amid the persistently high inflation.

Oil prices added losses on Thursday on signs of an economic slowdown following some softer-than-expected readings on manufacturing and labor reports in the United States, the world’s largest crude oil consumer, at a time when the gasoline inventories unexpectedly increased last week, showing another sign of lower fuel demand in the country.

The 6% weekly losses happened despite the positive economic growth signals from China, the world’s second-largest oil consumer after the U.S., where first-quarter GDP grew more than expected after the country relaxed most anti-COVID measures earlier in the year, which has improved the domestic demand for petroleum products.

Brent price hit a three-week low of $80.50/b on Friday morning, losing over $7/b or nearly 8% after topping at nearly $87.50/b last week, while WTI price broke below the key $77/b support level on also $7/b lower from last week’s high of $84/b.

Energy investors have turned sellers on oil prices this week, and took out profits after the recent rally, concerned that the higher interest rates and hawkish monetary stance from major central banks of Federal Reserve, ECB, and BoE will damage economic growth in the following quarters, declining the demand for petroleum products.

Federal Reserve is largely expected to hike interest rates by another 25 bps in the next FOMC policy meeting on May 02-03, with similar hike expectations in Europe and UK in the same week amid the persistently high inflation.

Oil prices added losses on Thursday on signs of an economic slowdown following some softer-than-expected readings on manufacturing and labor reports in the United States, the world’s largest crude oil consumer, at a time when the gasoline inventories unexpectedly increased last week, showing another sign of lower fuel demand in the country.

The 6% weekly losses happened despite the positive economic growth signals from China, the world’s second-largest oil consumer after the U.S., where first-quarter GDP grew more than expected after the country relaxed most anti-COVID measures earlier in the year, which has improved the domestic demand for petroleum products.

Brent price hit a three-week low of $80.50/b on Friday morning, losing over $7/b or nearly 8% after topping at nearly $87.50/b last week, while WTI price broke below the key $77/b support level on also $7/b lower from last week’s high of $84/b.

Energy investors have turned sellers on oil prices this week, and took out profits after the recent rally, concerned that the higher interest rates and hawkish monetary stance from major central banks of Federal Reserve, ECB, and BoE will damage economic growth in the following quarters, declining the demand for petroleum products.

Federal Reserve is largely expected to hike interest rates by another 25 bps in the next FOMC policy meeting on May 02-03, with similar hike expectations in Europe and UK in the same week amid the persistently high inflation.

Oil prices added losses on Thursday on signs of an economic slowdown following some softer-than-expected readings on manufacturing and labor reports in the United States, the world’s largest crude oil consumer, at a time when the gasoline inventories unexpectedly increased last week, showing another sign of lower fuel demand in the country.

The 6% weekly losses happened despite the positive economic growth signals from China, the world’s second-largest oil consumer after the U.S., where first-quarter GDP grew more than expected after the country relaxed most anti-COVID measures earlier in the year, which has improved the domestic demand for petroleum products.

Brent crude, 2-hour chart

Brent price hit a three-week low of $80.50/b on Friday morning, losing over $7/b or nearly 8% after topping at nearly $87.50/b last week, while WTI price broke below the key $77/b support level on also $7/b lower from last week’s high of $84/b.

Energy investors have turned sellers on oil prices this week, and took out profits after the recent rally, concerned that the higher interest rates and hawkish monetary stance from major central banks of Federal Reserve, ECB, and BoE will damage economic growth in the following quarters, declining the demand for petroleum products.

Federal Reserve is largely expected to hike interest rates by another 25 bps in the next FOMC policy meeting on May 02-03, with similar hike expectations in Europe and UK in the same week amid the persistently high inflation.

Oil prices added losses on Thursday on signs of an economic slowdown following some softer-than-expected readings on manufacturing and labor reports in the United States, the world’s largest crude oil consumer, at a time when the gasoline inventories unexpectedly increased last week, showing another sign of lower fuel demand in the country.

The 6% weekly losses happened despite the positive economic growth signals from China, the world’s second-largest oil consumer after the U.S., where first-quarter GDP grew more than expected after the country relaxed most anti-COVID measures earlier in the year, which has improved the domestic demand for petroleum products.

Brent crude, 2-hour chart

Brent price hit a three-week low of $80.50/b on Friday morning, losing over $7/b or nearly 8% after topping at nearly $87.50/b last week, while WTI price broke below the key $77/b support level on also $7/b lower from last week’s high of $84/b.

Energy investors have turned sellers on oil prices this week, and took out profits after the recent rally, concerned that the higher interest rates and hawkish monetary stance from major central banks of Federal Reserve, ECB, and BoE will damage economic growth in the following quarters, declining the demand for petroleum products.

Federal Reserve is largely expected to hike interest rates by another 25 bps in the next FOMC policy meeting on May 02-03, with similar hike expectations in Europe and UK in the same week amid the persistently high inflation.

Oil prices added losses on Thursday on signs of an economic slowdown following some softer-than-expected readings on manufacturing and labor reports in the United States, the world’s largest crude oil consumer, at a time when the gasoline inventories unexpectedly increased last week, showing another sign of lower fuel demand in the country.

The 6% weekly losses happened despite the positive economic growth signals from China, the world’s second-largest oil consumer after the U.S., where first-quarter GDP grew more than expected after the country relaxed most anti-COVID measures earlier in the year, which has improved the domestic demand for petroleum products.

Brent crude, 2-hour chart

Brent price hit a three-week low of $80.50/b on Friday morning, losing over $7/b or nearly 8% after topping at nearly $87.50/b last week, while WTI price broke below the key $77/b support level on also $7/b lower from last week’s high of $84/b.

Energy investors have turned sellers on oil prices this week, and took out profits after the recent rally, concerned that the higher interest rates and hawkish monetary stance from major central banks of Federal Reserve, ECB, and BoE will damage economic growth in the following quarters, declining the demand for petroleum products.

Federal Reserve is largely expected to hike interest rates by another 25 bps in the next FOMC policy meeting on May 02-03, with similar hike expectations in Europe and UK in the same week amid the persistently high inflation.

Oil prices added losses on Thursday on signs of an economic slowdown following some softer-than-expected readings on manufacturing and labor reports in the United States, the world’s largest crude oil consumer, at a time when the gasoline inventories unexpectedly increased last week, showing another sign of lower fuel demand in the country.

The 6% weekly losses happened despite the positive economic growth signals from China, the world’s second-largest oil consumer after the U.S., where first-quarter GDP grew more than expected after the country relaxed most anti-COVID measures earlier in the year, which has improved the domestic demand for petroleum products.

After four straight positive weeks for crude oil markets, both Brent and WTI are set to close this week with significant losses so far, as market sentiment has deteriorated after the softer-than-expected economic data in USA-the world’s largest oil consumer, along with the larger crude inventories, the fear for higher rates, and the uncertainty over demand growth outlook.

Brent crude, 2-hour chart

Brent price hit a three-week low of $80.50/b on Friday morning, losing over $7/b or nearly 8% after topping at nearly $87.50/b last week, while WTI price broke below the key $77/b support level on also $7/b lower from last week’s high of $84/b.

Energy investors have turned sellers on oil prices this week, and took out profits after the recent rally, concerned that the higher interest rates and hawkish monetary stance from major central banks of Federal Reserve, ECB, and BoE will damage economic growth in the following quarters, declining the demand for petroleum products.

Federal Reserve is largely expected to hike interest rates by another 25 bps in the next FOMC policy meeting on May 02-03, with similar hike expectations in Europe and UK in the same week amid the persistently high inflation.

Oil prices added losses on Thursday on signs of an economic slowdown following some softer-than-expected readings on manufacturing and labor reports in the United States, the world’s largest crude oil consumer, at a time when the gasoline inventories unexpectedly increased last week, showing another sign of lower fuel demand in the country.

The 6% weekly losses happened despite the positive economic growth signals from China, the world’s second-largest oil consumer after the U.S., where first-quarter GDP grew more than expected after the country relaxed most anti-COVID measures earlier in the year, which has improved the domestic demand for petroleum products.

After four straight positive weeks for crude oil markets, both Brent and WTI are set to close this week with significant losses so far, as market sentiment has deteriorated after the softer-than-expected economic data in USA-the world’s largest oil consumer, along with the larger crude inventories, the fear for higher rates, and the uncertainty over demand growth outlook.

Brent crude, 2-hour chart

Brent price hit a three-week low of $80.50/b on Friday morning, losing over $7/b or nearly 8% after topping at nearly $87.50/b last week, while WTI price broke below the key $77/b support level on also $7/b lower from last week’s high of $84/b.

Energy investors have turned sellers on oil prices this week, and took out profits after the recent rally, concerned that the higher interest rates and hawkish monetary stance from major central banks of Federal Reserve, ECB, and BoE will damage economic growth in the following quarters, declining the demand for petroleum products.

Federal Reserve is largely expected to hike interest rates by another 25 bps in the next FOMC policy meeting on May 02-03, with similar hike expectations in Europe and UK in the same week amid the persistently high inflation.

Oil prices added losses on Thursday on signs of an economic slowdown following some softer-than-expected readings on manufacturing and labor reports in the United States, the world’s largest crude oil consumer, at a time when the gasoline inventories unexpectedly increased last week, showing another sign of lower fuel demand in the country.

The 6% weekly losses happened despite the positive economic growth signals from China, the world’s second-largest oil consumer after the U.S., where first-quarter GDP grew more than expected after the country relaxed most anti-COVID measures earlier in the year, which has improved the domestic demand for petroleum products.

Sugar prices hit an 11-year high on tight supply and weather risk

Posted on by Vrasidas Neofytou

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

Sugar prices have also received an additional boost last week following the latest data from the Indian Sugar Mills Association (ISMA), which showed that cumulative domestic sugar production fell 5.4% year-to-year to 31.1mt through until 15 April due to unseasonal rainfall, whilst it added that just 132 mills were still crushing cane by mid-April compared to 305 mills at the same time last year.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

Sugar prices have also received an additional boost last week following the latest data from the Indian Sugar Mills Association (ISMA), which showed that cumulative domestic sugar production fell 5.4% year-to-year to 31.1mt through until 15 April due to unseasonal rainfall, whilst it added that just 132 mills were still crushing cane by mid-April compared to 305 mills at the same time last year.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

Meanwhile, El Nino weather risks are raising concerns for production next season from most of the important producers in Asia, since there is a 62% chance of El Niño conditions from May to June, according to the National Oceanic and Atmospheric Administration.

Sugar prices have also received an additional boost last week following the latest data from the Indian Sugar Mills Association (ISMA), which showed that cumulative domestic sugar production fell 5.4% year-to-year to 31.1mt through until 15 April due to unseasonal rainfall, whilst it added that just 132 mills were still crushing cane by mid-April compared to 305 mills at the same time last year.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

Meanwhile, El Nino weather risks are raising concerns for production next season from most of the important producers in Asia, since there is a 62% chance of El Niño conditions from May to June, according to the National Oceanic and Atmospheric Administration.

Sugar prices have also received an additional boost last week following the latest data from the Indian Sugar Mills Association (ISMA), which showed that cumulative domestic sugar production fell 5.4% year-to-year to 31.1mt through until 15 April due to unseasonal rainfall, whilst it added that just 132 mills were still crushing cane by mid-April compared to 305 mills at the same time last year.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

The sugarcane harvest in Brazil’s south-central region — which accounts for 90% of the country’s production — runs from April to December and its yield would be a key gauge to monitor, at a time, logistics out of Brazil could be a problem, given that Brazil is also dealing with record corn and soybean crops.

Meanwhile, El Nino weather risks are raising concerns for production next season from most of the important producers in Asia, since there is a 62% chance of El Niño conditions from May to June, according to the National Oceanic and Atmospheric Administration.

Sugar prices have also received an additional boost last week following the latest data from the Indian Sugar Mills Association (ISMA), which showed that cumulative domestic sugar production fell 5.4% year-to-year to 31.1mt through until 15 April due to unseasonal rainfall, whilst it added that just 132 mills were still crushing cane by mid-April compared to 305 mills at the same time last year.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

The sugarcane harvest in Brazil’s south-central region — which accounts for 90% of the country’s production — runs from April to December and its yield would be a key gauge to monitor, at a time, logistics out of Brazil could be a problem, given that Brazil is also dealing with record corn and soybean crops.

Meanwhile, El Nino weather risks are raising concerns for production next season from most of the important producers in Asia, since there is a 62% chance of El Niño conditions from May to June, according to the National Oceanic and Atmospheric Administration.

Sugar prices have also received an additional boost last week following the latest data from the Indian Sugar Mills Association (ISMA), which showed that cumulative domestic sugar production fell 5.4% year-to-year to 31.1mt through until 15 April due to unseasonal rainfall, whilst it added that just 132 mills were still crushing cane by mid-April compared to 305 mills at the same time last year.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

About 80% of global sugar production comes from sugarcane, according to the International Sugar Organization, while 20% is derived from beets.

The sugarcane harvest in Brazil’s south-central region — which accounts for 90% of the country’s production — runs from April to December and its yield would be a key gauge to monitor, at a time, logistics out of Brazil could be a problem, given that Brazil is also dealing with record corn and soybean crops.

Meanwhile, El Nino weather risks are raising concerns for production next season from most of the important producers in Asia, since there is a 62% chance of El Niño conditions from May to June, according to the National Oceanic and Atmospheric Administration.

Sugar prices have also received an additional boost last week following the latest data from the Indian Sugar Mills Association (ISMA), which showed that cumulative domestic sugar production fell 5.4% year-to-year to 31.1mt through until 15 April due to unseasonal rainfall, whilst it added that just 132 mills were still crushing cane by mid-April compared to 305 mills at the same time last year.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

About 80% of global sugar production comes from sugarcane, according to the International Sugar Organization, while 20% is derived from beets.

The sugarcane harvest in Brazil’s south-central region — which accounts for 90% of the country’s production — runs from April to December and its yield would be a key gauge to monitor, at a time, logistics out of Brazil could be a problem, given that Brazil is also dealing with record corn and soybean crops.

Meanwhile, El Nino weather risks are raising concerns for production next season from most of the important producers in Asia, since there is a 62% chance of El Niño conditions from May to June, according to the National Oceanic and Atmospheric Administration.

Sugar prices have also received an additional boost last week following the latest data from the Indian Sugar Mills Association (ISMA), which showed that cumulative domestic sugar production fell 5.4% year-to-year to 31.1mt through until 15 April due to unseasonal rainfall, whilst it added that just 132 mills were still crushing cane by mid-April compared to 305 mills at the same time last year.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

Sugar prices have gained over 20% so far this year toward the key $0.25 a pound level as the output in major producers such as India, China, Pakistan, and Thailand have fallen short of expectations on unseasonal weather conditions, coupled with lower-than-expected beet crop in Europe, and rainfalls in world’s top producer Brazil.

About 80% of global sugar production comes from sugarcane, according to the International Sugar Organization, while 20% is derived from beets.

The sugarcane harvest in Brazil’s south-central region — which accounts for 90% of the country’s production — runs from April to December and its yield would be a key gauge to monitor, at a time, logistics out of Brazil could be a problem, given that Brazil is also dealing with record corn and soybean crops.

Meanwhile, El Nino weather risks are raising concerns for production next season from most of the important producers in Asia, since there is a 62% chance of El Niño conditions from May to June, according to the National Oceanic and Atmospheric Administration.

Sugar prices have also received an additional boost last week following the latest data from the Indian Sugar Mills Association (ISMA), which showed that cumulative domestic sugar production fell 5.4% year-to-year to 31.1mt through until 15 April due to unseasonal rainfall, whilst it added that just 132 mills were still crushing cane by mid-April compared to 305 mills at the same time last year.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

Sugar prices have gained over 20% so far this year toward the key $0.25 a pound level as the output in major producers such as India, China, Pakistan, and Thailand have fallen short of expectations on unseasonal weather conditions, coupled with lower-than-expected beet crop in Europe, and rainfalls in world’s top producer Brazil.

About 80% of global sugar production comes from sugarcane, according to the International Sugar Organization, while 20% is derived from beets.

The sugarcane harvest in Brazil’s south-central region — which accounts for 90% of the country’s production — runs from April to December and its yield would be a key gauge to monitor, at a time, logistics out of Brazil could be a problem, given that Brazil is also dealing with record corn and soybean crops.

Meanwhile, El Nino weather risks are raising concerns for production next season from most of the important producers in Asia, since there is a 62% chance of El Niño conditions from May to June, according to the National Oceanic and Atmospheric Administration.

Sugar prices have also received an additional boost last week following the latest data from the Indian Sugar Mills Association (ISMA), which showed that cumulative domestic sugar production fell 5.4% year-to-year to 31.1mt through until 15 April due to unseasonal rainfall, whilst it added that just 132 mills were still crushing cane by mid-April compared to 305 mills at the same time last year.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

Sugar futures, Weekly chart

Sugar prices have gained over 20% so far this year toward the key $0.25 a pound level as the output in major producers such as India, China, Pakistan, and Thailand have fallen short of expectations on unseasonal weather conditions, coupled with lower-than-expected beet crop in Europe, and rainfalls in world’s top producer Brazil.

About 80% of global sugar production comes from sugarcane, according to the International Sugar Organization, while 20% is derived from beets.

The sugarcane harvest in Brazil’s south-central region — which accounts for 90% of the country’s production — runs from April to December and its yield would be a key gauge to monitor, at a time, logistics out of Brazil could be a problem, given that Brazil is also dealing with record corn and soybean crops.

Meanwhile, El Nino weather risks are raising concerns for production next season from most of the important producers in Asia, since there is a 62% chance of El Niño conditions from May to June, according to the National Oceanic and Atmospheric Administration.

Sugar prices have also received an additional boost last week following the latest data from the Indian Sugar Mills Association (ISMA), which showed that cumulative domestic sugar production fell 5.4% year-to-year to 31.1mt through until 15 April due to unseasonal rainfall, whilst it added that just 132 mills were still crushing cane by mid-April compared to 305 mills at the same time last year.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

Sugar futures, Weekly chart

Sugar prices have gained over 20% so far this year toward the key $0.25 a pound level as the output in major producers such as India, China, Pakistan, and Thailand have fallen short of expectations on unseasonal weather conditions, coupled with lower-than-expected beet crop in Europe, and rainfalls in world’s top producer Brazil.

About 80% of global sugar production comes from sugarcane, according to the International Sugar Organization, while 20% is derived from beets.

The sugarcane harvest in Brazil’s south-central region — which accounts for 90% of the country’s production — runs from April to December and its yield would be a key gauge to monitor, at a time, logistics out of Brazil could be a problem, given that Brazil is also dealing with record corn and soybean crops.

Meanwhile, El Nino weather risks are raising concerns for production next season from most of the important producers in Asia, since there is a 62% chance of El Niño conditions from May to June, according to the National Oceanic and Atmospheric Administration.

Sugar prices have also received an additional boost last week following the latest data from the Indian Sugar Mills Association (ISMA), which showed that cumulative domestic sugar production fell 5.4% year-to-year to 31.1mt through until 15 April due to unseasonal rainfall, whilst it added that just 132 mills were still crushing cane by mid-April compared to 305 mills at the same time last year.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

Sugar futures, Weekly chart

Sugar prices have gained over 20% so far this year toward the key $0.25 a pound level as the output in major producers such as India, China, Pakistan, and Thailand have fallen short of expectations on unseasonal weather conditions, coupled with lower-than-expected beet crop in Europe, and rainfalls in world’s top producer Brazil.

About 80% of global sugar production comes from sugarcane, according to the International Sugar Organization, while 20% is derived from beets.

The sugarcane harvest in Brazil’s south-central region — which accounts for 90% of the country’s production — runs from April to December and its yield would be a key gauge to monitor, at a time, logistics out of Brazil could be a problem, given that Brazil is also dealing with record corn and soybean crops.

Meanwhile, El Nino weather risks are raising concerns for production next season from most of the important producers in Asia, since there is a 62% chance of El Niño conditions from May to June, according to the National Oceanic and Atmospheric Administration.

Sugar prices have also received an additional boost last week following the latest data from the Indian Sugar Mills Association (ISMA), which showed that cumulative domestic sugar production fell 5.4% year-to-year to 31.1mt through until 15 April due to unseasonal rainfall, whilst it added that just 132 mills were still crushing cane by mid-April compared to 305 mills at the same time last year.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

Raw sugar futures are heading for a ninth monthly gain and prices are near the highest since 2012 as the global market struggles with a demand-supply imbalance, and bullish investors keep pilling in due to strong fundamentals and weather risks, while demand is coming stronger after the pandemic.

Sugar futures, Weekly chart

Sugar prices have gained over 20% so far this year toward the key $0.25 a pound level as the output in major producers such as India, China, Pakistan, and Thailand have fallen short of expectations on unseasonal weather conditions, coupled with lower-than-expected beet crop in Europe, and rainfalls in world’s top producer Brazil.

About 80% of global sugar production comes from sugarcane, according to the International Sugar Organization, while 20% is derived from beets.

The sugarcane harvest in Brazil’s south-central region — which accounts for 90% of the country’s production — runs from April to December and its yield would be a key gauge to monitor, at a time, logistics out of Brazil could be a problem, given that Brazil is also dealing with record corn and soybean crops.

Meanwhile, El Nino weather risks are raising concerns for production next season from most of the important producers in Asia, since there is a 62% chance of El Niño conditions from May to June, according to the National Oceanic and Atmospheric Administration.

Sugar prices have also received an additional boost last week following the latest data from the Indian Sugar Mills Association (ISMA), which showed that cumulative domestic sugar production fell 5.4% year-to-year to 31.1mt through until 15 April due to unseasonal rainfall, whilst it added that just 132 mills were still crushing cane by mid-April compared to 305 mills at the same time last year.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

Raw sugar futures are heading for a ninth monthly gain and prices are near the highest since 2012 as the global market struggles with a demand-supply imbalance, and bullish investors keep pilling in due to strong fundamentals and weather risks, while demand is coming stronger after the pandemic.

Sugar futures, Weekly chart

Sugar prices have gained over 20% so far this year toward the key $0.25 a pound level as the output in major producers such as India, China, Pakistan, and Thailand have fallen short of expectations on unseasonal weather conditions, coupled with lower-than-expected beet crop in Europe, and rainfalls in world’s top producer Brazil.

About 80% of global sugar production comes from sugarcane, according to the International Sugar Organization, while 20% is derived from beets.

The sugarcane harvest in Brazil’s south-central region — which accounts for 90% of the country’s production — runs from April to December and its yield would be a key gauge to monitor, at a time, logistics out of Brazil could be a problem, given that Brazil is also dealing with record corn and soybean crops.

Meanwhile, El Nino weather risks are raising concerns for production next season from most of the important producers in Asia, since there is a 62% chance of El Niño conditions from May to June, according to the National Oceanic and Atmospheric Administration.

Sugar prices have also received an additional boost last week following the latest data from the Indian Sugar Mills Association (ISMA), which showed that cumulative domestic sugar production fell 5.4% year-to-year to 31.1mt through until 15 April due to unseasonal rainfall, whilst it added that just 132 mills were still crushing cane by mid-April compared to 305 mills at the same time last year.

Investors have been bullish on white sugar since mid-2020, helping the price to gain nearly 180% in just 36 months, rallying from the decade lows of $0.09 during the pandemic era to Wednesday’s high of $0.25.

Prices plunged to as low as $0.09 a pound on April 28, 2020, during the first Covid-19-led lockdown due to lower sugar demand, supply glut, and large stockpiles, prompting producers to shutter plants and cut jobs, while farmers reduced plantings, creating the conditions for the current decline in production.

Silver trades above $25 on bullish fundamentals

Posted on by Vrasidas Neofytou

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

But, what is bullish for Silver and Gold is that the recent weaker-than-expected U.S. economic data shows that the largest economy in the world has begun to lose momentum, intensifying bets that the Fed’s next increase will be its last.

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

But, what is bullish for Silver and Gold is that the recent weaker-than-expected U.S. economic data shows that the largest economy in the world has begun to lose momentum, intensifying bets that the Fed’s next increase will be its last.

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

Analysts expect Federal Reserve to hike interest rates by another 25 basis points at the next FOMC monetary policy meeting on May 2-3 to curb persistent inflation.

But, what is bullish for Silver and Gold is that the recent weaker-than-expected U.S. economic data shows that the largest economy in the world has begun to lose momentum, intensifying bets that the Fed’s next increase will be its last.

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

Analysts expect Federal Reserve to hike interest rates by another 25 basis points at the next FOMC monetary policy meeting on May 2-3 to curb persistent inflation.

But, what is bullish for Silver and Gold is that the recent weaker-than-expected U.S. economic data shows that the largest economy in the world has begun to lose momentum, intensifying bets that the Fed’s next increase will be its last.

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

The dollar-denominated Silver has also gained traction in the last weeks following the weakness of the U.S. dollar given the expectation for a less hawkish Federal Reserve due to signs of worsening economic conditions, which is making it less expensive for foreign buyers, while the retreating U.S. Treasury yields are making the non-yielding Silver more attractive as an inflation-hedge for the investors.

Analysts expect Federal Reserve to hike interest rates by another 25 basis points at the next FOMC monetary policy meeting on May 2-3 to curb persistent inflation.

But, what is bullish for Silver and Gold is that the recent weaker-than-expected U.S. economic data shows that the largest economy in the world has begun to lose momentum, intensifying bets that the Fed’s next increase will be its last.

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

The dollar-denominated Silver has also gained traction in the last weeks following the weakness of the U.S. dollar given the expectation for a less hawkish Federal Reserve due to signs of worsening economic conditions, which is making it less expensive for foreign buyers, while the retreating U.S. Treasury yields are making the non-yielding Silver more attractive as an inflation-hedge for the investors.

Analysts expect Federal Reserve to hike interest rates by another 25 basis points at the next FOMC monetary policy meeting on May 2-3 to curb persistent inflation.

But, what is bullish for Silver and Gold is that the recent weaker-than-expected U.S. economic data shows that the largest economy in the world has begun to lose momentum, intensifying bets that the Fed’s next increase will be its last.

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

The collapse of two U.S. regional banks in early March and the fears of an imminent banking crisis have triggered a month-long rally in gold and silver, as traders rushed into traditional safe havens.

The dollar-denominated Silver has also gained traction in the last weeks following the weakness of the U.S. dollar given the expectation for a less hawkish Federal Reserve due to signs of worsening economic conditions, which is making it less expensive for foreign buyers, while the retreating U.S. Treasury yields are making the non-yielding Silver more attractive as an inflation-hedge for the investors.

Analysts expect Federal Reserve to hike interest rates by another 25 basis points at the next FOMC monetary policy meeting on May 2-3 to curb persistent inflation.

But, what is bullish for Silver and Gold is that the recent weaker-than-expected U.S. economic data shows that the largest economy in the world has begun to lose momentum, intensifying bets that the Fed’s next increase will be its last.

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

The collapse of two U.S. regional banks in early March and the fears of an imminent banking crisis have triggered a month-long rally in gold and silver, as traders rushed into traditional safe havens.

The dollar-denominated Silver has also gained traction in the last weeks following the weakness of the U.S. dollar given the expectation for a less hawkish Federal Reserve due to signs of worsening economic conditions, which is making it less expensive for foreign buyers, while the retreating U.S. Treasury yields are making the non-yielding Silver more attractive as an inflation-hedge for the investors.

Analysts expect Federal Reserve to hike interest rates by another 25 basis points at the next FOMC monetary policy meeting on May 2-3 to curb persistent inflation.

But, what is bullish for Silver and Gold is that the recent weaker-than-expected U.S. economic data shows that the largest economy in the world has begun to lose momentum, intensifying bets that the Fed’s next increase will be its last.

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

Silver, Weekly chart

The collapse of two U.S. regional banks in early March and the fears of an imminent banking crisis have triggered a month-long rally in gold and silver, as traders rushed into traditional safe havens.

The dollar-denominated Silver has also gained traction in the last weeks following the weakness of the U.S. dollar given the expectation for a less hawkish Federal Reserve due to signs of worsening economic conditions, which is making it less expensive for foreign buyers, while the retreating U.S. Treasury yields are making the non-yielding Silver more attractive as an inflation-hedge for the investors.

Analysts expect Federal Reserve to hike interest rates by another 25 basis points at the next FOMC monetary policy meeting on May 2-3 to curb persistent inflation.

But, what is bullish for Silver and Gold is that the recent weaker-than-expected U.S. economic data shows that the largest economy in the world has begun to lose momentum, intensifying bets that the Fed’s next increase will be its last.

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

Silver, Weekly chart

The collapse of two U.S. regional banks in early March and the fears of an imminent banking crisis have triggered a month-long rally in gold and silver, as traders rushed into traditional safe havens.

The dollar-denominated Silver has also gained traction in the last weeks following the weakness of the U.S. dollar given the expectation for a less hawkish Federal Reserve due to signs of worsening economic conditions, which is making it less expensive for foreign buyers, while the retreating U.S. Treasury yields are making the non-yielding Silver more attractive as an inflation-hedge for the investors.

Analysts expect Federal Reserve to hike interest rates by another 25 basis points at the next FOMC monetary policy meeting on May 2-3 to curb persistent inflation.

But, what is bullish for Silver and Gold is that the recent weaker-than-expected U.S. economic data shows that the largest economy in the world has begun to lose momentum, intensifying bets that the Fed’s next increase will be its last.

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

Silver, Weekly chart

The collapse of two U.S. regional banks in early March and the fears of an imminent banking crisis have triggered a month-long rally in gold and silver, as traders rushed into traditional safe havens.

The dollar-denominated Silver has also gained traction in the last weeks following the weakness of the U.S. dollar given the expectation for a less hawkish Federal Reserve due to signs of worsening economic conditions, which is making it less expensive for foreign buyers, while the retreating U.S. Treasury yields are making the non-yielding Silver more attractive as an inflation-hedge for the investors.

Analysts expect Federal Reserve to hike interest rates by another 25 basis points at the next FOMC monetary policy meeting on May 2-3 to curb persistent inflation.

But, what is bullish for Silver and Gold is that the recent weaker-than-expected U.S. economic data shows that the largest economy in the world has begun to lose momentum, intensifying bets that the Fed’s next increase will be its last.

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

The prices of the “white gold” were boosted last week toward the $26/oz territory by a flow of safety bets on the precious metal’s sector amid recession concerns, and softening U.S. economic and inflation data, with the price of Gold also consolidating above the key $2,000/oz psychological level, after it hit a yearly high of $2,050/oz on the same period.

Silver, Weekly chart

The collapse of two U.S. regional banks in early March and the fears of an imminent banking crisis have triggered a month-long rally in gold and silver, as traders rushed into traditional safe havens.

The dollar-denominated Silver has also gained traction in the last weeks following the weakness of the U.S. dollar given the expectation for a less hawkish Federal Reserve due to signs of worsening economic conditions, which is making it less expensive for foreign buyers, while the retreating U.S. Treasury yields are making the non-yielding Silver more attractive as an inflation-hedge for the investors.

Analysts expect Federal Reserve to hike interest rates by another 25 basis points at the next FOMC monetary policy meeting on May 2-3 to curb persistent inflation.

But, what is bullish for Silver and Gold is that the recent weaker-than-expected U.S. economic data shows that the largest economy in the world has begun to lose momentum, intensifying bets that the Fed’s next increase will be its last.

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

The prices of the “white gold” were boosted last week toward the $26/oz territory by a flow of safety bets on the precious metal’s sector amid recession concerns, and softening U.S. economic and inflation data, with the price of Gold also consolidating above the key $2,000/oz psychological level, after it hit a yearly high of $2,050/oz on the same period.

Silver, Weekly chart

The collapse of two U.S. regional banks in early March and the fears of an imminent banking crisis have triggered a month-long rally in gold and silver, as traders rushed into traditional safe havens.

The dollar-denominated Silver has also gained traction in the last weeks following the weakness of the U.S. dollar given the expectation for a less hawkish Federal Reserve due to signs of worsening economic conditions, which is making it less expensive for foreign buyers, while the retreating U.S. Treasury yields are making the non-yielding Silver more attractive as an inflation-hedge for the investors.

Analysts expect Federal Reserve to hike interest rates by another 25 basis points at the next FOMC monetary policy meeting on May 2-3 to curb persistent inflation.

But, what is bullish for Silver and Gold is that the recent weaker-than-expected U.S. economic data shows that the largest economy in the world has begun to lose momentum, intensifying bets that the Fed’s next increase will be its last.

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

Silver prices hovered above the $25/oz key level on Tuesday morning, coming off a winning week in which it hit a yearly high of $26/oz last Friday, before retreating to the current levels.

The prices of the “white gold” were boosted last week toward the $26/oz territory by a flow of safety bets on the precious metal’s sector amid recession concerns, and softening U.S. economic and inflation data, with the price of Gold also consolidating above the key $2,000/oz psychological level, after it hit a yearly high of $2,050/oz on the same period.

Silver, Weekly chart

The collapse of two U.S. regional banks in early March and the fears of an imminent banking crisis have triggered a month-long rally in gold and silver, as traders rushed into traditional safe havens.

The dollar-denominated Silver has also gained traction in the last weeks following the weakness of the U.S. dollar given the expectation for a less hawkish Federal Reserve due to signs of worsening economic conditions, which is making it less expensive for foreign buyers, while the retreating U.S. Treasury yields are making the non-yielding Silver more attractive as an inflation-hedge for the investors.

Analysts expect Federal Reserve to hike interest rates by another 25 basis points at the next FOMC monetary policy meeting on May 2-3 to curb persistent inflation.

But, what is bullish for Silver and Gold is that the recent weaker-than-expected U.S. economic data shows that the largest economy in the world has begun to lose momentum, intensifying bets that the Fed’s next increase will be its last.

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

Silver prices hovered above the $25/oz key level on Tuesday morning, coming off a winning week in which it hit a yearly high of $26/oz last Friday, before retreating to the current levels.

The prices of the “white gold” were boosted last week toward the $26/oz territory by a flow of safety bets on the precious metal’s sector amid recession concerns, and softening U.S. economic and inflation data, with the price of Gold also consolidating above the key $2,000/oz psychological level, after it hit a yearly high of $2,050/oz on the same period.

Silver, Weekly chart

The collapse of two U.S. regional banks in early March and the fears of an imminent banking crisis have triggered a month-long rally in gold and silver, as traders rushed into traditional safe havens.

The dollar-denominated Silver has also gained traction in the last weeks following the weakness of the U.S. dollar given the expectation for a less hawkish Federal Reserve due to signs of worsening economic conditions, which is making it less expensive for foreign buyers, while the retreating U.S. Treasury yields are making the non-yielding Silver more attractive as an inflation-hedge for the investors.

Analysts expect Federal Reserve to hike interest rates by another 25 basis points at the next FOMC monetary policy meeting on May 2-3 to curb persistent inflation.

But, what is bullish for Silver and Gold is that the recent weaker-than-expected U.S. economic data shows that the largest economy in the world has begun to lose momentum, intensifying bets that the Fed’s next increase will be its last.

Silver investors are watching bank earnings this week for more insight into the health of the sector and the possibility of a coming recession, to continue its uptrend toward 2022’s highs of $27/oz.

Euro tops $1.10 on strong economic data and a falling dollar

Posted on by Vrasidas Neofytou

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

The DXY-U.S. dollar index took a further hit last night, falling to a two-month low of 101.30, following the minutes of the Fed’s March meeting, which showed that policymakers were expecting a “mild recession” later this year, amid the impact of the recent banking crisis, coupled with the pressure of the inflation and rising rates at economic growth.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

The DXY-U.S. dollar index took a further hit last night, falling to a two-month low of 101.30, following the minutes of the Fed’s March meeting, which showed that policymakers were expecting a “mild recession” later this year, amid the impact of the recent banking crisis, coupled with the pressure of the inflation and rising rates at economic growth.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

Cooler-than-expected U.S. consumer inflation data was the trigger for Euro to jump above the $1.10 key level this morning, as forex traders began pricing in the possibility that the Fed will pause its rate hike cycle as soon as June, after a final 25 bps rate hike in May.

The DXY-U.S. dollar index took a further hit last night, falling to a two-month low of 101.30, following the minutes of the Fed’s March meeting, which showed that policymakers were expecting a “mild recession” later this year, amid the impact of the recent banking crisis, coupled with the pressure of the inflation and rising rates at economic growth.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

Cooler-than-expected U.S. consumer inflation data was the trigger for Euro to jump above the $1.10 key level this morning, as forex traders began pricing in the possibility that the Fed will pause its rate hike cycle as soon as June, after a final 25 bps rate hike in May.

The DXY-U.S. dollar index took a further hit last night, falling to a two-month low of 101.30, following the minutes of the Fed’s March meeting, which showed that policymakers were expecting a “mild recession” later this year, amid the impact of the recent banking crisis, coupled with the pressure of the inflation and rising rates at economic growth.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

Euro also gets further support on the monetary policy divergence, based on the notion that the European Central Bank will need to be more hawkish longer than Federal Reserve to curb the surging inflation.

Cooler-than-expected U.S. consumer inflation data was the trigger for Euro to jump above the $1.10 key level this morning, as forex traders began pricing in the possibility that the Fed will pause its rate hike cycle as soon as June, after a final 25 bps rate hike in May.

The DXY-U.S. dollar index took a further hit last night, falling to a two-month low of 101.30, following the minutes of the Fed’s March meeting, which showed that policymakers were expecting a “mild recession” later this year, amid the impact of the recent banking crisis, coupled with the pressure of the inflation and rising rates at economic growth.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

Euro also gets further support on the monetary policy divergence, based on the notion that the European Central Bank will need to be more hawkish longer than Federal Reserve to curb the surging inflation.

Cooler-than-expected U.S. consumer inflation data was the trigger for Euro to jump above the $1.10 key level this morning, as forex traders began pricing in the possibility that the Fed will pause its rate hike cycle as soon as June, after a final 25 bps rate hike in May.

The DXY-U.S. dollar index took a further hit last night, falling to a two-month low of 101.30, following the minutes of the Fed’s March meeting, which showed that policymakers were expecting a “mild recession” later this year, amid the impact of the recent banking crisis, coupled with the pressure of the inflation and rising rates at economic growth.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

Investors have turned to the safety of the Euro since early March as the banking sector in Eurozone showed better resilience against the U.S. banks during the recent banking crisis, especially after the collapse of the two regional banks, and the worsening economic conditions in the United States.

Euro also gets further support on the monetary policy divergence, based on the notion that the European Central Bank will need to be more hawkish longer than Federal Reserve to curb the surging inflation.

Cooler-than-expected U.S. consumer inflation data was the trigger for Euro to jump above the $1.10 key level this morning, as forex traders began pricing in the possibility that the Fed will pause its rate hike cycle as soon as June, after a final 25 bps rate hike in May.

The DXY-U.S. dollar index took a further hit last night, falling to a two-month low of 101.30, following the minutes of the Fed’s March meeting, which showed that policymakers were expecting a “mild recession” later this year, amid the impact of the recent banking crisis, coupled with the pressure of the inflation and rising rates at economic growth.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

Investors have turned to the safety of the Euro since early March as the banking sector in Eurozone showed better resilience against the U.S. banks during the recent banking crisis, especially after the collapse of the two regional banks, and the worsening economic conditions in the United States.

Euro also gets further support on the monetary policy divergence, based on the notion that the European Central Bank will need to be more hawkish longer than Federal Reserve to curb the surging inflation.

Cooler-than-expected U.S. consumer inflation data was the trigger for Euro to jump above the $1.10 key level this morning, as forex traders began pricing in the possibility that the Fed will pause its rate hike cycle as soon as June, after a final 25 bps rate hike in May.

The DXY-U.S. dollar index took a further hit last night, falling to a two-month low of 101.30, following the minutes of the Fed’s March meeting, which showed that policymakers were expecting a “mild recession” later this year, amid the impact of the recent banking crisis, coupled with the pressure of the inflation and rising rates at economic growth.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

EUR/USD pair, Daily chart

Investors have turned to the safety of the Euro since early March as the banking sector in Eurozone showed better resilience against the U.S. banks during the recent banking crisis, especially after the collapse of the two regional banks, and the worsening economic conditions in the United States.

Euro also gets further support on the monetary policy divergence, based on the notion that the European Central Bank will need to be more hawkish longer than Federal Reserve to curb the surging inflation.

Cooler-than-expected U.S. consumer inflation data was the trigger for Euro to jump above the $1.10 key level this morning, as forex traders began pricing in the possibility that the Fed will pause its rate hike cycle as soon as June, after a final 25 bps rate hike in May.

The DXY-U.S. dollar index took a further hit last night, falling to a two-month low of 101.30, following the minutes of the Fed’s March meeting, which showed that policymakers were expecting a “mild recession” later this year, amid the impact of the recent banking crisis, coupled with the pressure of the inflation and rising rates at economic growth.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

EUR/USD pair, Daily chart

Investors have turned to the safety of the Euro since early March as the banking sector in Eurozone showed better resilience against the U.S. banks during the recent banking crisis, especially after the collapse of the two regional banks, and the worsening economic conditions in the United States.

Euro also gets further support on the monetary policy divergence, based on the notion that the European Central Bank will need to be more hawkish longer than Federal Reserve to curb the surging inflation.

Cooler-than-expected U.S. consumer inflation data was the trigger for Euro to jump above the $1.10 key level this morning, as forex traders began pricing in the possibility that the Fed will pause its rate hike cycle as soon as June, after a final 25 bps rate hike in May.

The DXY-U.S. dollar index took a further hit last night, falling to a two-month low of 101.30, following the minutes of the Fed’s March meeting, which showed that policymakers were expecting a “mild recession” later this year, amid the impact of the recent banking crisis, coupled with the pressure of the inflation and rising rates at economic growth.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

EUR/USD pair, Daily chart

Investors have turned to the safety of the Euro since early March as the banking sector in Eurozone showed better resilience against the U.S. banks during the recent banking crisis, especially after the collapse of the two regional banks, and the worsening economic conditions in the United States.

Euro also gets further support on the monetary policy divergence, based on the notion that the European Central Bank will need to be more hawkish longer than Federal Reserve to curb the surging inflation.

Cooler-than-expected U.S. consumer inflation data was the trigger for Euro to jump above the $1.10 key level this morning, as forex traders began pricing in the possibility that the Fed will pause its rate hike cycle as soon as June, after a final 25 bps rate hike in May.

The DXY-U.S. dollar index took a further hit last night, falling to a two-month low of 101.30, following the minutes of the Fed’s March meeting, which showed that policymakers were expecting a “mild recession” later this year, amid the impact of the recent banking crisis, coupled with the pressure of the inflation and rising rates at economic growth.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

The common currency hit $1.1030 this morning, its highest level since early-April 2022, after the Euro area industrial output came in stronger than estimated in February, +1.5% vs 1% m/m expected, mainly thanks to a rise in production of capital (+2.2%) and non-durable consumer goods (+1.9%).

EUR/USD pair, Daily chart

Investors have turned to the safety of the Euro since early March as the banking sector in Eurozone showed better resilience against the U.S. banks during the recent banking crisis, especially after the collapse of the two regional banks, and the worsening economic conditions in the United States.

Euro also gets further support on the monetary policy divergence, based on the notion that the European Central Bank will need to be more hawkish longer than Federal Reserve to curb the surging inflation.

Cooler-than-expected U.S. consumer inflation data was the trigger for Euro to jump above the $1.10 key level this morning, as forex traders began pricing in the possibility that the Fed will pause its rate hike cycle as soon as June, after a final 25 bps rate hike in May.

The DXY-U.S. dollar index took a further hit last night, falling to a two-month low of 101.30, following the minutes of the Fed’s March meeting, which showed that policymakers were expecting a “mild recession” later this year, amid the impact of the recent banking crisis, coupled with the pressure of the inflation and rising rates at economic growth.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

The common currency hit $1.1030 this morning, its highest level since early-April 2022, after the Euro area industrial output came in stronger than estimated in February, +1.5% vs 1% m/m expected, mainly thanks to a rise in production of capital (+2.2%) and non-durable consumer goods (+1.9%).

EUR/USD pair, Daily chart

Investors have turned to the safety of the Euro since early March as the banking sector in Eurozone showed better resilience against the U.S. banks during the recent banking crisis, especially after the collapse of the two regional banks, and the worsening economic conditions in the United States.

Euro also gets further support on the monetary policy divergence, based on the notion that the European Central Bank will need to be more hawkish longer than Federal Reserve to curb the surging inflation.

Cooler-than-expected U.S. consumer inflation data was the trigger for Euro to jump above the $1.10 key level this morning, as forex traders began pricing in the possibility that the Fed will pause its rate hike cycle as soon as June, after a final 25 bps rate hike in May.

The DXY-U.S. dollar index took a further hit last night, falling to a two-month low of 101.30, following the minutes of the Fed’s March meeting, which showed that policymakers were expecting a “mild recession” later this year, amid the impact of the recent banking crisis, coupled with the pressure of the inflation and rising rates at economic growth.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

Euro broke above the key $1.10 psychological level against the dollar for the first time since early February on Thursday morning after a stronger-than-expected Eurozone February industrial production, while the dollar has extended recent losses following the cooling inflation reading and recession worries.

The common currency hit $1.1030 this morning, its highest level since early-April 2022, after the Euro area industrial output came in stronger than estimated in February, +1.5% vs 1% m/m expected, mainly thanks to a rise in production of capital (+2.2%) and non-durable consumer goods (+1.9%).

EUR/USD pair, Daily chart

Investors have turned to the safety of the Euro since early March as the banking sector in Eurozone showed better resilience against the U.S. banks during the recent banking crisis, especially after the collapse of the two regional banks, and the worsening economic conditions in the United States.

Euro also gets further support on the monetary policy divergence, based on the notion that the European Central Bank will need to be more hawkish longer than Federal Reserve to curb the surging inflation.

Cooler-than-expected U.S. consumer inflation data was the trigger for Euro to jump above the $1.10 key level this morning, as forex traders began pricing in the possibility that the Fed will pause its rate hike cycle as soon as June, after a final 25 bps rate hike in May.

The DXY-U.S. dollar index took a further hit last night, falling to a two-month low of 101.30, following the minutes of the Fed’s March meeting, which showed that policymakers were expecting a “mild recession” later this year, amid the impact of the recent banking crisis, coupled with the pressure of the inflation and rising rates at economic growth.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

Euro broke above the key $1.10 psychological level against the dollar for the first time since early February on Thursday morning after a stronger-than-expected Eurozone February industrial production, while the dollar has extended recent losses following the cooling inflation reading and recession worries.

The common currency hit $1.1030 this morning, its highest level since early-April 2022, after the Euro area industrial output came in stronger than estimated in February, +1.5% vs 1% m/m expected, mainly thanks to a rise in production of capital (+2.2%) and non-durable consumer goods (+1.9%).

EUR/USD pair, Daily chart

Investors have turned to the safety of the Euro since early March as the banking sector in Eurozone showed better resilience against the U.S. banks during the recent banking crisis, especially after the collapse of the two regional banks, and the worsening economic conditions in the United States.

Euro also gets further support on the monetary policy divergence, based on the notion that the European Central Bank will need to be more hawkish longer than Federal Reserve to curb the surging inflation.

Cooler-than-expected U.S. consumer inflation data was the trigger for Euro to jump above the $1.10 key level this morning, as forex traders began pricing in the possibility that the Fed will pause its rate hike cycle as soon as June, after a final 25 bps rate hike in May.

The DXY-U.S. dollar index took a further hit last night, falling to a two-month low of 101.30, following the minutes of the Fed’s March meeting, which showed that policymakers were expecting a “mild recession” later this year, amid the impact of the recent banking crisis, coupled with the pressure of the inflation and rising rates at economic growth.

DXY index has lost nearly 5% since early March, falling from the recent high of 106 to the current lows of 101, boosting Euro and other dollar-sensitive currencies to yearly highs.

U.S. Treasury yields also fell on Wednesday pressuring the dollar in favor of the Euro, with the yield of 2-y Treasury trading at 3.95%, and the 10-y Treasury falling to 3.40% as investors digested lower-than-expected consumer price index reading and recession fears.

U.S. stocks decline amid recession worries despite cooling inflation data

Posted on by Vrasidas Neofytou

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Growth-sensitive and tech-heavy Nasdaq Composite led losses across the board settling down by 0.85%, the S&P 500 closed 0.41% lower, while the Dow Jones snapped a four-day winning streak, ending the day slightly lower by 0.11%.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Growth-sensitive and tech-heavy Nasdaq Composite led losses across the board settling down by 0.85%, the S&P 500 closed 0.41% lower, while the Dow Jones snapped a four-day winning streak, ending the day slightly lower by 0.11%.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Market reaction:

Growth-sensitive and tech-heavy Nasdaq Composite led losses across the board settling down by 0.85%, the S&P 500 closed 0.41% lower, while the Dow Jones snapped a four-day winning streak, ending the day slightly lower by 0.11%.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Market reaction:

Growth-sensitive and tech-heavy Nasdaq Composite led losses across the board settling down by 0.85%, the S&P 500 closed 0.41% lower, while the Dow Jones snapped a four-day winning streak, ending the day slightly lower by 0.11%.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

U.S. stock indices ended in negative territory on Wednesday, erasing early gains as recession worries prevailed over the optimism over the cooler-than-expected monthly rise in the U.S. CPI inflation reading in March.

Market reaction:

Growth-sensitive and tech-heavy Nasdaq Composite led losses across the board settling down by 0.85%, the S&P 500 closed 0.41% lower, while the Dow Jones snapped a four-day winning streak, ending the day slightly lower by 0.11%.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

U.S. stock indices ended in negative territory on Wednesday, erasing early gains as recession worries prevailed over the optimism over the cooler-than-expected monthly rise in the U.S. CPI inflation reading in March.

Market reaction:

Growth-sensitive and tech-heavy Nasdaq Composite led losses across the board settling down by 0.85%, the S&P 500 closed 0.41% lower, while the Dow Jones snapped a four-day winning streak, ending the day slightly lower by 0.11%.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Exclusive Change Capital Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under the licence number CIF 330/17. Exclusive Capital Ltd operates in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union.

Exclusive Change Capital Ltd is incorporated under the laws of Cyprus, with registration no. HE 337858, regulated by CySEC under license no. 330/17 and has its registered address at Theodorou Potamianou 56, 4th Floor, Kato Polemidia, 4155, Limassol, Cyprus

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read our full Risk Disclosure.

The Company's official website of Exclusive Change Capital Ltd is www.exclusivecapital.com and we are not affiliated in any way with other domains or companies.

Restricted Regions: Exclusive Change Capital Ltd, does not provide services to citizens / residents of certain regions, such as Belarus, Belgium, Canada, Cuba, Iran, Iraq, Japan, North Korea, Latvia, Russian Federation, Sudan, Syria, Turkey, The United States and Ukraine.

ISO 27001:2022

The services are delivered under the controls established by information security management systems in conformity with ISO/IEC 27001:2022, and we are certified by MSECB.

Copyright ©️ 2017-2025 Exclusive Change Capital Ltd

facebook twitter linkedin instagram youtube