-
Wall Street indexes consolidate at the highest levels in anticipation of tomorrow's CPI report and the FOMC decision.
-
The US500 reduces deeper losses from the start of the session, losing 0.20% to 5350 points. Meanwhile, the US100 even managed to return to gains, increasing by 0.10% to 19120 points.
-
Yields on U.S. bonds continue to trade lower, with 10-year bonds dropping to 4.43%, and 2-year bonds to 4.85%.
-
The dollar index also slightly limits its increases but ends the day with a solid gain of 0.20%, reaching 105.280 points. EURUSD loses 0.25% to 1.0737.
-
Apple continues to rise, gaining a record 6.40% to $205.40. Apple's total market capitalization reaches $3.150 trillion, now only slightly less than Microsoft's market capitalization at $3.180 trillion.
-
The EIA assumes that Brent oil prices will average $84.15 per barrel this year, 4% less than the previous forecast of $87.79. U.S. crude oil production is expected to increase by 310,000 bpd in 2024, compared to the previous forecast of an increase of 270,000 bpd, and by 470,000 bpd in 2025, compared to the previous forecast of 530,000 bpd.
-
Today, natural gas contracts (NATGAS) gain nearly 3% driven by a change in the expected weather in the United States, where meteorologists suggest the likelihood of heatwaves, increasing the demand for air conditioning and, consequently, the use of gas in electricity production.
-
Wheat rebounds today from levels of 606 USD per bushel to nearly 630 USD after a record, over 15% sell-off. In the absence of significant news that could contribute to today's gains, the catalyst could be an updated weather forecast for the USA.
-
The Canadian building permit report for April showed the highest reading in 4 years. Currently: +20.5% m/m. Expected: +4.8% m/m. Previous: -11.7% m/m.
-
Panic in the cryptocurrency market continues. Bitcoin loses 4.30% to a level of 66500 USD. Meanwhile, declines accelerate in the sector of smaller projects, which initially were relatively lower today. Ethereum loses 6.00% to a level of 3450 USD, and other Altcoins 4.50% to a total market capitalization of 625 billion USD.
-
The strengthening of the dollar and yields puts pressure on Bitcoin. Declines occur before tomorrow's data from the USA: CPI inflation, the Fed decision, and Powell's conference. Yesterday, ETF funds recorded small net outflows of 64.9 million USD after 19 days of purchases.
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
