S&P 500, SPX, NASDAQ 100, NDX – OUTLOOK: The S&P 500 index and the Nasdaq 100 index retreated from key resistance zones. Lofty real yields, above-average valuations continue to pose a high bar for material index gains. What are the outlook and the key levels to watch in the S&P 500 and the Nasdaq 100
© Reuters. U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Samuel Indyk LONDON (Reuters) – The euro fell on Thursday as traders trimmed bets on a rate hike from the European Central Bank in September after comments from influential German policymaker Isabel Schnabel and a moderation
EUR/USD and EUR/GBP Forecast – Prices, Charts, and Analysis Recommended by Nick Cawley How to Trade EUR/USD The Euro remains on the back foot after Wednesday’s anemic PMIs showed the single bloc’s economy struggling to make any headway. The latest ECB ‘sources’ talk is that momentum is growing for the European Central Bank to pause
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, CAC 40, Nasdaq 100 Analysis and Charts FTSE 100 drops further as UK retail sales fall by more than expected The rout in the FTSE 100 is ongoing as UK retail sales dropped by 1.2% month-on-month in July, worse than an expected 0.5% drop and
Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, Dow Jones, Nikkei 225 Analysis and Charts Nasdaq 100 at one-month low The pullback continues here, with no sign of a low being formed as yet. Having fallen below support at 14,920, the price now targets the June low at 14,688. So far this retracement
Article by IG Chief Market Analyst Chris Beauchamp FTSE 100, DAX 40, Nasdaq 100 Analysis and Charts FTSE 100 drops sharply Friday’s losses have continued into a new week, with the index testing 7500 in early trading this morning. After failing to hold above 7600, a new bearish view appears to prevail. This will be
Nvidia stock (NVDA) is leading a slump in the Nasdaq and has helped to push the index to the lows of the day. The high-flying chipmaker is among the most highly valued stocks in the world, and certainly the highest-valued big-cap tech company. It’s trading near 40x trailing sales and has been a major beneficiary
Share: The Oil price has been rising significantly since the end of June. Economists at Commerzbank have revised their forecast for Brent Oil. Brent Oil seen at $85 by year-end We have raised our price forecast for Brent at the end of the quarter to $90 per barrel (previously $80). At the end
AUD/USD ANALYSIS & TALKING POINTS Concerns around Chinese economy increase leaving AUD under pressure. Fed speakers under the spotlight later today. Bears eye 0.6500. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar has slid further this Tuesday morning as Chinese import and export numbers (refer to economic
Black Knight today reported that June US house prices rose 0.67% in the month after a 0.80% rise in May. They say the trend points to a 2% y/y price increase in July, if not higher. “At the national level, home prices have now fully erased their 2022 corrections hitting new all-time highs in June
