Repercussions of US/China Trade Talks in Global Markets

TL;DR

Brexit day market analysis covering US data, dollar weakness, oil and gold highs, equity movements, and upcoming economic events.

Transcript

our guys good afternoon from London Friday 29th of March what was brexit day which of course is now or not have a quick look over the calendar for the remaining a in some charts it's impossible where is to be aware of and trade ideas that could come through to fruition we just had some data out of the u.s. which is worse than expected the core PCE ... Read More

Key Insights

• 💰 US data impacted the US dollar's strength, with weaker results than expected.
• 😥 Equity markets showed positive movements with potential support and resistance points highlighted.
• 😥 Oil and gold hit new highs, offering potential entry points for traders.
• #️⃣ Upcoming economic events such as University of Michigan sentiment numbers will impact market sentiment.
• 🤩 Key levels for possible retracements in oil and gold were highlighted.

Questions & Answers

Q: How did the US data impact the strength of the US dollar?

The US data, particularly the core PCE Price Index and consumption figures being worse than expected, led to a weakening of the US dollar against other currencies.

Q: What was the market sentiment towards equities following the positive movements in the deck and S&P?

The equity markets showed positive movements, with potential support and resistance points highlighted, indicating a bullish sentiment towards equities.

Q: Why did oil and gold hit new highs, and what levels should traders watch for possible retracements?

Oil and gold both hit new highs, with potential retracement levels at key points such as retesting of resistance levels and trendlines.

Q: What upcoming economic events could impact the markets, according to the analysis?

The upcoming University of Michigan sentiment numbers and new home sales change data will be key drivers for the remainder of the day's trading session.

Summary & Key Takeaways

• US data revealed worse-than-expected core PCE Price Index and consumption figures, causing the US dollar to weaken.

• Equity markets showed positive movements, with potential support and resistance points highlighted.

• Oil and gold both hit new highs, with key levels to watch for possible retracements.