Dow Conspicuously Lags S&P 500 and Nasdaq, Dollar Rebounds Ahead of NFPs
Nasdaq 100, Dollar, EURUSD, NFPs and Recession Talking Points: The Market Perspective: USDJPY Bullish Above 132.00; EURUSD Bearish Below 108 Spurred on by the dovish interpretation of the Fed and Meta earnings the previous day, the Nasdaq 100 and S&P 500 charged Thursday…while the Dow closed lower A strong Dollar with EURUSD reversal defied fundamental […]
Qualcomm Strengthens Ahead of Earnings Report
Qualcomm, D1 Qualcomm is scheduled to release its latest quarterly earnings report on Thursday, February 02, 2023 after the market close. Zacks Consensus Estimate for revenue was pegged at $9,700 million, representing a 9.3% decrease from the year-ago quarter’s reported figure. Adjusted earnings per share were pegged at $2.35, indicating a contraction from the $3.23 […]
FOMC responses – inflation still high, more +25bp hikes ahead,
A couple of analyst snippets in response to Wednessday’s Federal Open Market Committee (FOMC) and Powell. BMO: there are more tightening moves to be realized this cycle still too soon to look for the Fed to shift to an on-hold stance inflation … eased somewhat, but remains elevated the phrase “pace of future increases” transitioned […]
Dollar flat ahead of Fed decision; risk of hawkish push-back seen By Investing.com
© Reuters By Geoffrey Smith Investing.com — The dollar was flat in early trading on Wednesday in Europe, with the markets becalmed ahead of the U.S. Federal Reserve’s policy decision later. By 03:10 ET (08:10 GMT), the , which tracks the greenback against a basket of advanced economy currencies, was at $101.84, down less than […]
XAG/USD slumps below $23.50 ahead of the FOMC’s decision
Silver fails to hold to its earlier gains above the 20-day EMA, with traders eyeing $23.00. Silver Price Analysis: Consolidated, slightly skewed downwards, as oscillators turned bearish. Silver price struggles at the 20-day Exponential Moving Average (EMA) at $23.66 and is dropping toward the lows of the day, at around $23.40s, as investors prepare for […]
FTSE, Dax Remain Rangebound Ahead of ECB and BoE Rate Decision
German Dax 40, FTSE 100 Latest: German Dax builds in a solid range that has continued to hold over the past few weeks. FTSE 100 dips below the 20-day MA (moving average) – strikes over wages in the UK rise but stocks hold steady (at least for now). Equity indices remain resilient ahead of central […]
U.S. dollar slips against euro ahead of Fed rate decision By Reuters
© Reuters. FILE PHOTO: Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Joice Alves and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The dollar edged lower against the euro on Wednesday ahead of an eagerly-awaited Federal Reserve policy decision with investors hoping the U.S. central bank will signal the […]
USD/JPY Scans 130 Ahead of Fed
USD/JPY ANALYSIS & TALKING POINTS All eyes on U.S. economic data and Fed rate decision. Will the Fed stick to its hawkish rhetoric? Technical analysis suggestive of turnaround in USD/JPY. Recommended by Warren Venketas Get Your Free JPY Forecast JAPANESE YEN FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and […]
Gold Treads Water Ahead of a Cascade of Central Bank Hikes. Where to for XAU/USD?
Gold, XAU/USD, US Dollar, FOMC, DXY Index, ECB, BoE, Crude Oil – Talking Points The gold price is steady today as markets await central banks actions The US Dollar tried higher but pulled back into the range amid uncertainty The market is eyeing today’s FOMC meeting. What will it mean for XAU/USD? Recommended by Daniel […]
CB Consumer Confidence Declines Ahead of FOMC
CB Consumer Confidence Key Points: CB Consumer Confidence decreases to 107.1 (vs est 109) – higher interest rates weigh on the business confidence and the short-term employment outlook. FOMC rate decision remains key for the near-term economic outlook – can the Fed avoid panic and ease recession fears? Recommended by Tammy Da Costa Get Your […]