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Markets July US CPI inflation figures printed very close to consensus. Monthly inflation accelerated both on a headline and on a core level to 0.2% M/M. Details showed food prices rising by 0.2% M/M, energy prices flat, and services (ex. energy) rising by 0.3% M/M. The main disinflationary impact came again from used cars and […]

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25/06/2024

Tech Down, Energy Up

The selloff in Nvidia deepened yesterday and sent the shares into the correction territory following a 10% selloff. Nvidia shares erased around $430 bn in market cap over the past three sessions. The selloff hit suddenly, right after the company stole the status of the world’s most valuable company from Microsoft last week. There has […]
13/06/2024

FTSE 100 Index Wave Analysis

FTSE 100 Index reversed from support level 8140.00 Likely to rise to resistance 8300.00 FTSE 100 Index recently reversed up from the pivotal support level 8140.00 (which also stopped the previous correction A at the end of May). The support level 8140.00 was further strengthened by the lower daily Bollinger Band and by the 50% […]
12/01/2024

Middle East Escalation Coincides With Oil Price Key Level

Oil is up 2.8% since the start of the day on Friday following a new round of escalation in the Middle East. The price of Brent rose above $80, while a barrel of WTI traded above $75. The US and the UK carried out strikes on military targets in Yemen, which has vowed not to […]