Newsquawk Week Ahead: Highlights include FOMC, ECB, BoE, PMI data, US Jobs, EZ CPI
Australian Retail Sales (Tue): The December Retail Sales data is seen printing at -1.0% vs the prior of +1.4%. Desks highlight that November’s Black Friday and Cyber Monday events were successful, as indicated in the November data, although analysts will now assess the impact of higher rates over the Christmas period. Westpac, citing the Westpac […]
Cable Coils into Narrow Range Ahead of Blockbuster Week
GBP/USD Analysis Markets brace for a week of high importance event risk (FOMC, BoE, ECB, NFP and mega-cap tech earnings) GBP/USD technicals highlight major reversal pattern and the potential for increased volatility Fund managers’ sentiment aligns with the contrarian indicator The analysis in this article makes use of chart patterns and key support and resistance […]
What’s priced in for the central bank meetings next week
We saw the Bank of Canada signal a shift to the sidelines this week but that’s not likely to be the case with the trio of major central banks due to weigh in next week. First up is the FOMC decision on Wednesday and the market isn’t pricing in any drama around Powell and the […]
Expect A Dollar Breakout and Potentially a S&P 500 Trend Next Week with FOMC On Tap
S&P 500, US Dollar, FOMC, ECB and BOE Rate Decisions, Earnings and Growth Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 132.00 The S&P 500 and Nasdaq 100 seemed to earn technical breaks in favor of a reversal of 2022’s bearish trend, but conviction was still in short supply […]
Increasingly likely that it will slow down next week – Rabobank
Next Wednesday, the FOMC will announce its decision on monetary policy. Analysts at Rabobank point out it has become increasingly likely that the Fed will slow down its hiking cycle to 25 bps. Decline in inflation has increased the probability of smaller hikes “The next meeting of the FOMC, on January 31 and February 1, […]
Future Outlook: Technical Trends for the Week of January 30 – February 3, 2023
While many anticipated reports will come out this week, we have several to focus on in the days ahead. Here’s a breakdown of the week ahead. E-Mini Dow Futures Weekly Chart After the fourth quarter rally off the lows in October, the Dow seems to be in consolidation mode. The Fibonacci retracement levels from that […]
USD Support Test Into a Heavy Week of Data
US Dollar Talking Points: The US Dollar printed a doji on the weekly bar, holding right around the 102 level that’s the 50% mark of the 2021-2022 major move. Fundamentals are driving the market next week as we get the FOMC on Wednesday followed by the Bank of England and the European Central Bank on […]
Events to Look Out For Next Week
The FOMC, BoE and ECB policy meetings and press conferences are the central bank highlights next week in the wake of a possible escape from a technical recession for Eurozone, while in UK the recession may not be quite as bad as feared initially. These factors will keep the markets volatile as […]
50bp hike next week has been well-communicated, focus will be on the path thereafter – Rabobank
The Federal Reserve, the Bank of England and the European Central Bank (ECB) will have their policy meetings next week. Market participants expect a 50 basis points rate hikes and to signal it will continue raising rates. Analysts at Rabobank, point out that a 50bp rate hike is all but a given for next week. […]
The Week Ahead – Risk taker
EURUSD rallies as ECB may remain firm The euro climbs as the ECB is catching up with its policy normalisation. The central bank is set to raise its key rate by 50 bps this week. The main driver of volatility will be its forward guidance as the debate on the pace of […]