- Weaker US dollar made oil more affordable for buyers, supporting positive sentiment in the market.
- Federal Reserve maintains borrowing costs but signals higher likelihood of future rate increases, raising concerns about economic growth.
- European Central Bank raises euro zone borrowing costs to combat high inflation, indicating potential for further rate increases.
- Bank of Japan maintains ultra-easy monetary policy to support fragile economic recovery despite stronger-than-expected inflation.
- Market outlook reflects a mix of optimism from China's stimulus measures and cautiousness due to concerns over higher interest rates.
Key event today:
US University of Michigan consumer sentiment
Dollar Index (DXY) Intraday:
Pivot Level: 102.53
Pivot Level: 1935.82
Crude Oil (WTI) Intraday
Nasdaq 100 Intraday
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