High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The S&P 500 surged to new highs following the miss in the US CPI report. Looks like the market is still trading based on the inflation and interest rates expectations and ignoring the softening in the labour market and growth data. Yesterday, the US Retail Sales were more tepid compared to the prior months, but
Stock market gains today: The S&P 500 is up 1.9% The Nasdaq up 2.3% The Russell 2000 up 3.7% It’s a bonanza in markets after US CPI was slightly lower than expected today. The market has priced out any further Fed rate hikes and is cheering the likelihood of a soft landing in the US.
The Dow Jones ended last week on a positive note as we got a strong rally despite some concerning data. The University of Michigan consumer sentiment report missed forecasts across the board by a big margin once again. The bearish signs keep on accumulating with the recent hawkish tone from Fed speakers and the softening
US November prelim UMich consumer sentiment 60.4 vs 63.7 expected Fed’s Daly: Policy is in a very good place Yellen: We have not seen an impact on the Treasury market from the ICBC attack Yellen-He meeting readout: US seeks healthy economic relationship with China From earlier: Lagarde says rates cuts not coming for at least
US The Fed left interest rates unchanged as expected with basically no change to the statement. Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt. The recent US Core PCE came in line with expectations. The labour market is starting to
The last week was incredible for the Russell 2000 with the index rallying for five consecutive trading days. The bulk of the rally came after the FOMC rate decision where the Fed left interest rates unchanged and Fed Chair Powell delivered less hawkish than expected remarks. The Russell 2000 then extended the gains into the
Markets: Gold up $7 to $1992 US 10-year yields down 9.3 bps to 4.57% WTI crude oil down $1.64 to $80.83 S&P 500 up 1.0% NZD leads, USD lags This week marked a turn of the calendar and a turn in markets. Treasury yields plunged and the dollar sank along with them. Meanwhile, it was
Markets: Gold up $21 to $2006 US 10-year yields down 1 bps to 4.83% WTI crude oil up $1.93 to $85.15 S&P 500 down 0.5% or 20 points to 4117 Nasdaq up 0.4% JPY leads, CHF lags The cross-currents were deep and violent on Friday. Let’s break them down: 1) The fog of war Early
