GER40 Maintains Rally Momentum, ATH the Next Move?
GER40,D1 GER40, Daily Despite the strong rebound in German factory orders, with a 3.2% gain in December, investors remain concerned about escalating Sino-US geopolitical tensions and the outlook for the global economy. Strong US jobs data increased speculation that the Federal Reserve may keep raising interest rates further to control inflation. United States Federal Reserve […]
Will Powell Pour Cold Water on Tech Rally? |
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Dollar Extends Rally for a Few Key Breaks, S&P 500 Throttles its Descent
S&P 500, Meme Stocks, Dollar, USDJPY, Fed Funds Rate and RBA Decision Talking Points: The Market Perspective: USDJPY Bullish Above 132.00; EURUSD Bearish Below 108 Market-based rate forecasts have swelled to meet the Fed’s forecasts, lifting the Dollar to notable EURUSD and USDJPY breaks Risk trends were noticeably more restrictive Monday, but meme stock troubles […]
USD/CAD Rally Gathers Steam Following Wedge Breakout
USD/CAD PRICE, CHARTS and ANALYSIS: Recommended by Zain Vawda Download the Updated Q1 2023 USD Forecast MOST READ: USDCAD Offers a More Direct Contrast on Rates Post-Fed USD/CAD FUNDAMENTAL OUTLOOK USD/CAD has continued its upside move today amid a strong follow through from the dollar index. The European session saw gains capped as WTI oil […]
Ryan Cohen’s stake helps AMC rally
Ryan Cohen has reportedly taken a large stake in the company. AMC stock is up 3% against a declining NASDAQ. US Dollar strength caused by a hot NFP figure is hurting equities. JWN stock has traded up as much as 35% in Friday’s premarket. As if there was not enough news this week, meme stock […]
World Stocks Rally Following Central Bank Updates |
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Dollar Rebounds after Fed, ECB Meeting but the Rally may Prove Fleeting
The Fed hiked the interest rate by 25 basis points yesterday and hinted that there will be another hike, after which it will likely be done with tightening. Despite worries about inflation, Powell said at the press conference that the committee believes it is necessary to slow down the pace of monetary tightening. Market indicators […]
As EURUSD retests 1.08 it may be primed for a new leg of the rally
The batch of EU economic data released on Tuesday curbed the bearish momentum in the Euro that we saw for the Euro in the first half of the day. EURUSD fell to 1.08, but started to recover following the release of upbeat economic data, namely consumer inflation in France, unemployment in Germany, as well as […]
High interest rates to hold back gold’s rally: Reuters poll
Reuters Note Analysts and traders have significantly raised their predictions for gold prices but expect high interest rates to keep a lid on rallies, a Reuters poll showed on Tuesday. The poll of 38 analysts and traders returned median forecasts for gold to average $1,825 an ounce in the first quarter of this year, $1,840 […]
The beginning of the end to the EUR rally?
Danske Research discusses EUR/USD outlook and maintains a structural bearish bias over the coming months. “We note that in tandem with EUR/USD loosing steam Eurozone equities are beginning to underperform US peers – and also more generally that value is beginning to underperform growth. In our view, this is an important development to follow when […]