Interest rate differentials point to a higher EUR/USD – Nordea
EUR/USD came briefly above 1.10 this week before falling to just below 1.09 today. Economists at Nordea note that the rate differentials continue to point toward a higher EUR/USD ahead. EUR/USD to move about sideways in the near term “Given that the ECB has had room for more positive rate surprises than the Fed, a […]
US stocks close lower but still higher on the week
The major US stock indices are ending lower on the day led by the NASDAQ index with a decline of about -1.6%. However, that comes after some pretty strong gains including a 3.25% gain yesterday. The final numbers are showing: Dow Industrial Average fell -127.93 points or -0.38% at 33926.00 S&P index fell -43.26 points […]
How to play the short term trend accelerating higher
Introduction VolatilityMarkets suggests top quant trade ideas to take advantage of trending markets. Market summary SPCE last price was $ 6.34. In the short term Virgin Galactic has been accelerating higher. In the long term Virgin Galactic has been accelerating higher. Over the past 22 days, the SPCE price increased 16 days and decreased 6 […]
Asia FX treads water as Fed meeting looms, dollar inches higher By Investing.com
© Reuters By Ambar Warrick Investing.com– Most Asian currencies moved little on Wednesday in anticipation of a Federal Reserve meeting, while the dollar crept higher as markets positioned for an interest rate hike and a potentially hawkish message from the central bank. The dollar firmed slightly against a basket of currencies, with the and advancing about […]
Forecasting Elliott Wave ((iii)) higher In Nasdaq futures
In this blog we will see how we were able to forecast in advance the wave ((iii)) higher in NQ_F. Nasdaq has been one of the weakest Indices within 2022 and has been seeing a relief bounce rally as of recent. We will see below how here at Elliott Wave Forecast were able to forecast […]
Euro Steadies Ahead of Crucial Fed and ECB Meetings This Week. Higher EUR/USD?
Euro, EUR/USD, US Dollar, Fed, ECB, China PMI, AUD/USD. Crude Oil – Talking Points Euro support eased as markets look toward rate changes this week. A strong Chinese PMI wasn’t enough to overcome weak local data for the Aussie The Fed, ECB and BoE are in the box seat this week. Where will EUR/USD end […]
Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com
© Reuters. By Ambar Warrick Investing.com — The Chinese yuan rose sharply on Monday as local markets reopened from a week-long holiday, while most other Asian currencies strengthened in anticipation of a Federal Reserve meeting and a slew of economic data releases this week. The rose 0.4%, benefiting from bets that the Lunar New Year […]
US equities shake off the early worries and turn higher
<p>It's getting tougher and tougher to ignore the price action in stocks. I think there will ultimately be some angst around the FOMC decision and the likelihood that Powell doubles down on the dot plot but that's not happening today, in part because credit card companies were upbeat on the global consumer.</p><p>S&P 500 futures were […]
US dollar turns higher as the mood turns negative
The US dollar has turned higher and equities are back in negative territory. It’s been a choppy session and I don’t rule out some dollar demand ahead of the London fix for the latest price action. EUR 15 mins I continue to worry we will see angst ahead of the FOMC decision on Wednesday and […]
US equities continue the steady grind higher into the weekend
The lesson of the year so far is that markets will do what people least expect. The strong consensus coming into the year was that rate and recession fears would keep stocks cheap before an H2 rally. Well, the market didn’t wait and now the S&P 500 is poised to close above some key levels, […]