S&P 500, Nasdaq, Dow Jones Forecast for the Week Ahead
Bears made a noticeable re-appearance this week with a steely focus on 2023 price action, but will bears make a push into the end of the year or wait for the 2023 open?
Crude Oil Caught in ECB Maelstrom After Rate Hikes and Hawkishness Prevails
Crude oil is slightly softer today after US Dollar ascendency got back on track and the ECB got their message across loud and clear. Will WTI crude oil head higher again?
Gold and Dow Jones Sink After ECB Spooked Markets, XAU/USD Reversal in Motion?
Gold prices sank the most in 3 months alongside the Dow Jones after a slew of rates hikes from central banks in Europe. Is more pain in store for XAU/USD after a wedge breakout?
SPX, Nasdaq Slide; USD, EUR/USD Tendencies of Turn After CB Onslaught
Markets remained on the move today through ECB and BoE rate decisions. A massive options expiry is on the calendar for tomorrow, which can keep equities on the move into the end of the week.
Japanese Yen Eyes Support After Fed Failed Convincing Markets About Rate Outlook
The Japanese Yen faces key support after the Federal Reserve raised interest rates and struggled to convince markets about its policy outlook. AUD/USD awaits Australian employment figures.
Dollar Surges and S&P 500 Drops After Fed Hikes 50bps Raises 2023 Forecast
The Federal Reserve announced its last rate decision of 2022 and it offered the ‘pivot’ that many had expected. A 50bp rate hike ended the pace for four meetings of 75bp through November, but that was expected. The real market impact is found in what the expectations are from the Fed heading into 2023.
US Dollar Languishes in the Aftermath of US CPI and Ahead of the Fed. New Lows for USD?
The US Dollar tanked after a soft CPI number gave the market hope of an end to hawkishness from the Federal Reserve when they meet later today Where to for the DXY (USD) index?
Dow Jones, S&P 500, Nasdaq 100 Reverse CPI Rally as Traders Look Beyond the Fed Pivot
The Dow Jones, S&P 500 and Nasdaq 100 reversed a CPI-induced rally as traders seemingly looked beyond the Fed pivot and towards the next tightening cycle in the distant future.
Dollar’s Post-CPI Tumble Already Leveling Out as Focus Shifts to FOMC
Following a further slowdown in US inflation data, the Dollar has extended its slide to test lows not seen in six months. For a number of the ‘majors’ this move has translated into notable technical breaks. However, with the FOMC rate decision still ahead, it would be wise not to assume trend.
Crude Oil Gains on Upbeat Mood Ahead of US CPI. Will WTI Continue to Climb?
Crude oil benefitted from optimism that demand from China might escalate if they continue to open their economy. US CPI later today might move markets. Will WTI keep rallying?