SP 500 & NAS100 PRICE FORECAST: SPX and NAS 100 Continue to Advance, Now Up 4.7% and 5.7% Since the Recent Lows. Market Participants Buoyed on Belief that the Central Bank Hiking Cycles are Over Which Could Keep US Equities Supported. Apple Earnings Are Due After Market Close Today as US Jobs Data Tomorrow Could
Fed Chair Powell MUFG delves deep into the anticipated FOMC decision, suggesting that, while the FOMC will most likely keep the fed funds rate unchanged, market participants should be keenly watching for any deviations in the typical messaging from the Federal Reserve. Key Takeaways: Rate Expectations: The market has virtually no expectation of a rate
RAND TALKING POINTS & ANALYSIS Geopolitics, Fed and Chinese factors at play. USD/ZAR rising wedge breakout now limited by support zone. USD/ZAR FUNDAMENTAL BACKDROP Macro-economic fundamentals underpin almost all markets in the global economy via growth, inflation and employment – Get you FREE guide now! Foundational Trading Knowledge Macro Fundamentals Recommended by Warren Venketas The
Share: Economists at MUFG Bank analyze GBP outlook ahead of the BoE announcement on Thursday. Weak economic activity The worsening economic data has been clear and will likely be clearly acknowledged by Governor Andrew Bailey in the press conference. We see this inevitable acknowledgement of weaker data and some evidence that the labour
NZDUSD sellers failed on a break below a key trend line on the daily chart this week. Does that failed break open a door for buyers going forward? Not so fast! Buyers have some control on the failed break, but they need to do more. In this video, I take a look at the NZDUSD
This week 4 of the “Magnificent 7” (Microsoft, Amazon, Alphabet and Meta reported) reported their earnings and their results really didn’t matter. The markets were intent on moving to the downside spurred on by higher yields, concerns about global growth, concerns about the Fed, and concerns about Israeli/Hamas war. The wall of worry is high.
CRUDE OIL PRICE OUTLOOK Oil prices fall for the second day in a row, but the fundamental outlook remains constructive Geopolitical tensions in the Middle East continue to be supportive of some energy commodities This article looks at the key technical levels for oil to keep an eye on in the coming days Trade Smarter
New Zealand Dollar, NZD/USD, CPI – Market Update: Recommended by Daniel Dubrovsky Get Your Free USD Forecast The New Zealand Dollar cautiously weakened in the aftermath of local inflation data. During the third quarter, New Zealand’s Consumer Price Index (CPI) grew by 5.6% compared to a year ago. This was slower than the 5.9% anticipated
Australian Dollar, AUD/USD, US Dollar, Treasury Yields, ACGB, DXY Index – Talking Points The Australian Dollar steadies as risks swirl for markets The US Dollar has been underpinned by firm Treasury yields Markets appear poised for a busy week. Will AUD/USD recover from the lows? Recommended by Daniel McCarthy Get Your Free AUD Forecast The
© Reuters Investing.com – The U.S. dollar slipped lower in early European trade Thursday, hovering near a two-week low ahead of the release of key U.S. inflation data. At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 105.377, just above the
