Nasdaq index moves lower ahead of Fed Daly’s interview
The NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since […]
Focus on Purchasing Managers Index and ISM as Economic Gauges
If you’ve asked yourself, “what is purchasing managers index?” or wondered how the Purchasing Managers Index (PMI) and the Institute for Supply Management (ISM) index are key economic indicators, read more. What to Take Away from the PMI and ISM Reports The PMI and ISM provide guidance on factors affecting durable goods among other inputs. […]
USD Index appears depressed post-Fed, breaches 101.00
The index drops to 10-month lows near 100.80. The dollar remains on the defensive post-FOMC event. Initial Claims, Factory Orders next of note in the docket. The greenback, in terms of the USD Index (DXY), adds to the weekly leg lower and breaks below the 101.00 support to print new 10-month lows on Thursday. USD […]
Stock market index: How to Trade Indices
2023.02.01 2023.02.01 What is a stock index and how to trade Indices Michael Hypovhttps://www.litefinance.org/blog/authors/mikhail-hypov/ Nowadays, anyone can buy the stocks of almost any company they are interested in just a few seconds. What if you can buy the securities of a few dozen companies at one trade? Thus, you can lower the high risk of […]
The IndeX Files 31-01-2023
Equities Reflect Uncertainty Ahead of FedGlobal equities benchmarks are showing a sea of red across the European open on Tuesday. Yesterday saw choppy action across the board, likely reflecting some growing uncertainty ahead of the Fed tomorrow. While Powell and co are widely expected to opt for a smaller .25% hike, there are some fears […]
NZD/USD struggles to sustain above 0.6500 as USD Index shows stellar recovery
NZD/USD is facing hurdles in shifting its auction above 0.6500 amid a recovery in the USD Index. Softening consumer spending has bolstered the expectations of a smaller interest rate hike by the Fed. This week, the release of the NZ Employment data will be of utmost importance. The NZD/USD pair is failing in keeping its […]
Goldman Sachs raise China equity index target, ‘reopening’ evolves into ‘growth recovery’
Goldman Sachs target China’s CSI300 to 4800 had previously set their target at 4500 GS says China is evolving from “reopening” to a wider “growth recovery” theme — UBS also, says “we continue to hold a positive view on the China market”, citing: herd immunity occurring faster than expected undemanding valuations policy support likely to […]
Dallas Fed trimmed mean PCE price index +2.3% annualized in December vs +3.0% prior
One-month trimmed mean annualized +2.3% vs +3.0% prior 12-month PCE trimmed mean +4.4% vs +5.0% prior These one-month numbers have come down from 6.0% in August to near the Fed’s target. It will take more numbers like this with the help of lapping soft comps to get the Fed where it wants to be. Source […]
EUR/USD Consolidates Around the 1.09 Handle as the Dollar Index Remains Vulnerable
EUR/USD Price, Charts and Analysis: Recommended by Zain Vawda Download Our Updated Euro Forecast for Q1 2023 READ MORE: CAD Breaking News: BoC’s 25bps Rate Hike Receives Dovish Reaction, Loonie on Offer EUR/USD OUTLOOK EUR/USD continued its advance from yesterday holding above the 1.09 handle following the European open. The Euro gained steam against the […]
PCE Price Index Declines Adding Further Pressure on the DXY
US Core PCE Key Points: Core PCE Price Index YoY (DEC) Actual 4.4% Vs 4.7% Previous. PCE Price Index YoY (DEC) Actual 5% Vs 5.5% Previous. The Probability of a Fed Funds Peak Rate Above 5% for 2023 Continues to Decline. Recommended by Zain Vawda Get Your Free USD Forecast The CPI and Forex: How […]