KRW to remain a key beneficiary of USD weakness in the weeks ahead – TDS
Bank of Korea (BoK) decided to hike its policy rate today by 25 bps to 3.50%. Economists at TD Securities expect the Won to strengthen in the weeks ahead. Less urgency to tighten further “BoK hiked its 7-day repo rate by 25 bps to 3.50% as widely expected. The decision was not unanimous however, with […]
Key earnings releases scheduled for next week (and going forward)
Some of the key earnings releases scheduled for next week: Tuesday January 17 Morgan Stanley Goldman Sachs Interactive Brokers Unites Airlines Wednesday, January 18 Charles Schwab PNC Financial Kinder Morgan Discover JB Hunt Alcoa Thursday, January 19 Proctor and Gamble Netflix PPG Industries American Airlines Comerica Kimberly Clark Friday, January 20 Other key earnings ahead: […]
Dollar stabilizes ahead of key December inflation data By Investing.com
© Reuters By Peter Nurse Investing.com – The U.S. dollar stabilized in early European trade Thursday ahead of a widely awaited U.S. consumer inflation release, while the Japanese yen surged ahead of next week’s Bank of Japan meeting. At 03:00 ET (08:00 GMT), the , which tracks the greenback against a basket of six other […]
S&P500 needs solid earnings to go past key resistance [Video]
US inflation came in line with expectations. The kneejerk market reaction to the data was surprisingly negative, but the major US stock indices extended rally, while the US dollar dropped sharply. The S&P500 ended the session at a very important technical level – the index is now testing the ceiling of the 2022 bearish trend […]
Double tops around 1.2250 tease Cable sellers ahead of key UK data
GBP/USD retreats from intraday high to pare the biggest weekly gain since late November. RSI pullback from nearly overbought conditions adds strength to the pullback moves. 200-SMA, weekly support line appears crucial challenge for bears. UK monthly GDP, output and trade numbers for November will be crucial to watch. GBP/USD prints mild losses around 1.2200 […]
EURUSD Bullish As Key US Inflation Data Approach
EUR/USD analysis, Prices, and Charts The Euro has risen sharply into 2023, extending its runup Hopes that US inflation may be peaking has been a key driver Eurozone interest rates may have much further to rise Recommended by David Cottle Download our brand new Q1 Euro guide EUR/USD action has been dominated by the ‘USD’ […]
US Dollar Slides to New Lows after Fed Cites CPI as Key to Hikes. Where to for USD?
US Dollar, DXY Index, Fed, FOMC, China, EUR/USD, GBP/USD – Talking Points The US Dollar softened today as Fed speakers put forward their case China re-opening might get a further boost from stimulus measures Risk and growth-linked assets are benefitting from the tilt. Will that sink USD? Recommended by Daniel McCarthy Get Your Free USD […]
Intraday Market Analysis – USD tests key supports
EURUSD recoups losses The US dollar tanked after wage growth was slower than expected in December. The pair previously came under pressure near last June’s highs around 1.0750. A double top at 1.0710 capped the euro’s advance and led to a correction. A three-leg sell-off below 1.0520 prompted some buyers to bail […]
S&P 500 and Dow Break Higher Despite Strong Recession Signal, Key US Event Risk Ahead
S&P 500, Dow, Volatility, Dollar, Yields, Inflation and Recession Talking Points: The Market Perspective: S&P 500 Bearish Below 3,800; USDCNH Bearish Below 7.0000 The first week of the year registered a 1.5 percent gain for the S&P 500 and -3.0 percent drop from the VIX, lining up to seasonal norms While the market’s sidled higher […]
S&P index approaches, but closes below 200 hour MA. Monday will be a key day ahead of CPI
The US major indices are closing higher on the day and for the week. All the major indices are closing with gains over 2% on the day. For the week the gains are from around 1% to 1.5% for the major indices. The final numbers are showing: Dow industrial average rose 700.53 points o 2.13% […]