Visão Geral do Mercado
U.S. Stocks Break Above Key Levels on Higher Volume; WTI Crude Oil Plunges for a Fourth Straight Day
Market Themes The most notable development on September 21 was the sharp divergence between U.S. equities and crude oil, with markedly different magnitudes of movement. The Nasdaq and S&P 500 both broke above major round-number levels and reached fresh recent highs, while WTI crude oil fell for a fourth consecutive trading day, dropping nearly 4% after rising during the Asian…
USD Rate Environment Supports Dollar Assets; Gold Recovers While Oil Gives Back Gains
Market Themes On September 18, dollar-denominated assets broadly strengthened. USDJPY broke above 156 and briefly tested 158, while the Nasdaq reclaimed 29,500 and approached its previous high, with the interest-rate environment supporting both the U.S. dollar and risk assets. Gold rebounded after dipping during the Asian session and closed higher above 4,350, but remained below the 20-day MA, leaving the…
After the Fed Rate Hike Takes Effect, the Dollar and Yields Retreat; Gold and U.S. Stocks Rise Together While Oil Falls; BoE Holds Rates Steady, Pound Posts Fourth Straight Decline
Market Themes The most notable divergence in the September 17 session was that after the Federal Reserve decision, the U.S. dollar and U.S. Treasury yields retreated, while rate-sensitive assets generally moved higher, whereas crude oil followed a different path. Spot gold rebounded after dipping to a six-week low, closing up 1.86% at 4,341.76; the Nasdaq rose 1.60% to 29,448.8, and…
The Fed’s Rate Hike Pressures Gold; WTI Crude Oil Falls More Than 3%
Market Themes On September 16, the Federal Reserve raised the target range for the federal funds rate by 25 basis points to 3.75%–4.00% and emphasized that inflation remained elevated. Higher policy rates increase the opportunity cost of holding non-yielding gold while providing yield-differential support for U.S. dollar assets. Gold, the euro, and the Dow Jones Index all closed lower on…
France CPI MoM Meets Expectations, Commodity Bulls Gain Momentum, US Crude Oil Surges Nearly 3%, Market Focuses on UK CPI YoY
Market Themes As of yesterday’s US market close, commodities and USD/JPY strengthened in tandem, while Gold and the Nasdaq moved slightly lower. This divergence itself is worth noting: Silver rose 0.69%, US Crude Oil surged 3.47%, and USD/JPY gained 0.49%, whereas Gold fell 0.11% and the Nasdaq dropped 0.72%. A more reasonable interpretation is that independent drivers emerged within commodities…