Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, S&P 500 – Analysis and Charts FTSE 100 remains side-lined Last week the FTSE 100 traded sideways below the 55-day simple moving average (SMA) at 7,505, and this week is expected to continue to do so, at least for a few more days.
EUR/USD FORECAST: EUR/USD trades largely directionless on Tuesday, moving between small gains and losses ahead of the Fed’s announcement The FOMC is set to unveil its September policy decision on Wednesday. No interest rate changes are expected, but the bank will release the eagerly-awaited “Summary of Economic Projections” This article analyzes possible scenarios for the
Bank of Japan Governor Ueda was cited in Japanese media over the weekend with ‘exit’ comments featuring. Earlier, in chronological order: Bank of Japan Governor Ueda says his focus is on a ‘quiet exit’ reducing monetary easing USD/JPY indicating a big figure lower than Friday after ‘exit’ comments from BOJ Gov Ueda More on Bank
APAC stocks traded mixed as the disappointment from China’s decision on its Loan Prime Rates overshadowed its recent support efforts; Hong Kong underperformed. PBOC opted for a narrower-than-expected cut to the 1-year LPR alongside a surprise hold on the 5-year LPR, which is the reference rate for mortgages. PBOC and regulators met with bank executives
Headlines: Markets: GBP leads, NZD lags on the day European equities lower; S&P 500 futures flat US 10-year yields up 2.2 bps to 4.103% Gold up 0.3% to $1,918.65 WTI crude up 0.6% to $83.33 Bitcoin down 0.1% to $29,392 It was a quiet session as we observed yet another typical summer’s day in Europe.