Friday May 20, 2022

While horse oil weakened, the dollar stuck

The data released this week is clearly favorable for the dollar, as well as stock indices of horses are rising. In response to these two commodities, prices fell down the precious metals. Speculation on the rise in oil prices has waned.

This week started very quietly in the markets, when Great Britain and the United States celebrated the happy world on Monday. So we managed a sharp movement and in ter. The euro started to weaken against the dollar due to a decline in consumer prices in Germany, nor did the revision of German economic growth for the first quarter help him, which did not surprise him.

We managed to reach the consumer yard from America, which fell to a 12-year low. However, the sale of new houses for April turned out to be important, which surprised with the growth to 526 thousand from 509 thousand in the current year. The decline in the market for new houses will usually end 2–4 msce before the end of the recession. On the positive side, the number of unsold houses was dreaming, probably in relation to the decline in the number of new buildings, which is very important in the process of stabilizing the housing market.

The dollar thus benefited from these at first, and its profits were maintained even during the middle, when the results of orders or long-term consumption for April came as a pleasant surprise. Thus, strong German inflation did not help the euro either. The dollar’s journey continued after Thursday after rising German unemployment, which rose for the first time in May after two years, while a slight decline was expected. The revision of the growth of the US economy in the first quarter was again positive for the dollar, when the growth was revised from 0.6% to 0.9% k / k, thus fulfilling a true analyst. So far this week, the dollar has strengthened against the euro by about 1.4% to $ 1,553 per euro.

The price of oil and gold has fallen

After last week, when oil reached its world high, there was a profit, as traders were initially surprised by the decline in demand for fuels in the United States. It seems that the growth of oil prices is not really endless, even though some large financial houses have again repeated the price of oil for $ 150 per barrel. Unfortunately, we have not yet managed to drop sharply to $ 129 per barrel of US light crude oil and $ 128 per barrel of Brent crude oil, although the US dollar is strengthening quite significantly. The decline in the price of oil was disrupted during the week by the first flow of Royal Dutch Shell’s oil infrastructure in Nigria.

Clothing - 290508

Zvtit graf

The price of gold in response to cheap oil and the sending of the US dollar fell by as much as $ 43 per troy ounce to 881, $ 50 per ounce. Silver and platinum prices also fell.

Stock markets tilted from good to good first from America

US stock indices are likely to close in the week ahead of last week’s slump, but they are unlikely to reduce any losses. So far, the S&P 500 has 1.2%, the Nasdaq 2.2% and the Japanese Nikkei 1.6%. The British FTSE index kind of week in ad ztrc, this week so far about 0.5%, while the German DAX is gaining 1.3%.

Central EUR / SKK parity shifted by 15%

Speculation on a shift in central parity has not subsided this week, although the exchange rate of the Slovak koruna against the euro has stabilized in the first days of this week, just above 31 koruna per euro. On Wednesday, it was known from the breeding market that the companies were going to shift parity. The Slovak koruna broke through the exchange rate of 31 crowns per euro and moved to the exchange rate of 30.60 during the day.

In the public hours, ie at a time of reduced liquidity on the market, the European Commission, together with the National Bank of Slovakia, announced that the central parity had been moved to the lower limit of the current fluctuation of 30.126 crowns per euro. The decision surprised perhaps all participants in the market, or this level was even below the spot market, ie the current exchange rate of the Slovak koruna to the euro. In all probability, speculations on the next exchange rate of the Slovak koruna are coming to an end, or the central parity will usually be determined, followed by the conversion rate, which will be determined by the arrest of July. The Slovak koruna thus strengthened by 2.6% this week.

The Slovak koruna brought with it the first Hungarian forint, which strengthened the euro by 1.5% this week and by 240 forints per euro. The forint was thus supported by the central bank, which decided on Monday to increase rates by another 25 basis points to a record level in the European Union, ie 8.5%.

The Czech koruna weakened weakly during the week and erased losses, and on Thursday and therefore the end seems to be slightly stronger against the euro. It is currently at the level of 25 crowns per euro.

The stock exchanges of the Central European region are growing rapidly this week, only the Warsaw TIG index is moving to Monday’s opening values. The PX index rose by 0.7% this week, the Budapest BUX is gaining a maximum of about 1.6% and the Warsaw Stock Exchange is currently up one point at 2,910 out of Monday’s 2,909 points.

Back to Top