Markets Weekly Outlook – S&P 500 in Focus as Markets Brace for Holiday Lull The Federal Reserve’s policy change and economic projections have significantly impacted markets, leading to a rise in US yields. The US PCE data released on Friday rose less than expected, alleviating some selling pressure on US equities. The Bank of ...
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Yen rises on stronger inflation The Japanese yen has reversed directions on Friday after sharp losses a day earlier. Early in the North American session, USD/JPY is trading at 156.54, down 0.53% on the day at the time of writing. The yen continues to .stumble ...
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USD/CAD steady ahead of retail sales The Canadian dollar is showing limited movement on Friday. In the European session, USD/CAD is trading at 1.4384, down 0.11% at the time of writing. On Thursday, the Canadian dollar fell to its lowest level since March, touching 1.4435. Canada’s ...
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British pound stabilizes as retail sales edge up The British pound has steadied on Friday, after sliding 1.6% in the past two days. In the European session, GBP/USD is trading at 1.2510, down 0.10% on the day at the time of writing. Retail sales point to weak Christmas ...
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Nasdaq 100 Technical: At risk of staging a multi-week corrective decline A transition from a Fed “dovish pivot” to a “normalization” pivot may put a halt to this year-end seasonal “Santa Rally” on the US stock indices. Nasdaq 100 momentum and market breadth have weakened which supports a potential medium-term (multi-week) ...
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Stagflation Fears and Soaring US Yields: S&P 500’s Next Move The Federal Reserve’s hawkish outlook for 2025, with plans for only two small rate cuts, has triggered a significant selloff in the S&P 500, raising concerns about stagflation. The S&P 500 experienced its biggest one-day drop since August, and the ...
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BoE holds rates, pound surrenders gains The British pound rose as much as 0.70% today but has given up almost all of these gains. In the North American session, GBP/USD is trading at 1.2560, down 0.10% on the day at the time of writing. BoE stays ...
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USD/JPY hits 5-mth high after BoJ holds rates The Japanese yen continues its rapid descent and is sharply lower on Thursday. In the North American session, USD/JPY is trading at 156.82, up 1.3% on the day. Earlier, the yen weakened to 157.14, its lowest level against the US ...
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NZ dollar plunges after hawkish Fed, soft NZ GDP The New Zealand dollar had a miserable Wednesday, plummeting 2.3%. NZD/USD has reversed directions Thursday and is trading at 0.5659 in the European session, up 0.66% on the day at the time of writing. The New Zealand dollar has been ...
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New Zealand slides after Fed rate cut, NZ GDP next The New Zealand dollar has declined sharply on Wednesday. In the North American session, NZD/USD is trading at 0.5685, down 1.2% on the day. The New Zealand dollar has been in freefall, plunging 11.6% since Oct. 1. New Zealand GDP ...
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Brent Crude Oil Prices Toil as Market Awaits Fed Decision. Range Trading Ahead? Oil prices rose due to lower-than-expected US crude oil stockpiles, but demand concerns remain. OPEC+ is worried about a potential increase in US oil output under a Trump presidency. From a technical perspective, oil prices are range-bound, and range trading ...
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USD/JPY rises ahead of BoJ meeting The Japanese yen has edged lower on Wednesday. In the North American session, USD/JPY is trading at 154.08, up 0.37% on the day. It has been a rough December for the yen, which has declined 2.9% against the US dollar. ...
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UK inflation jumps to 8-mth high, pound shrugs British pound is showing little movement on Wednesday. Early in the North American session, GBP/USD is trading at 1.2679,  down 0.07% on the day. UK inflation climbs to 2.6% Inflation in the UK climbed to 2.6% in November, its highest ...
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FOMC Preview: What to Expect and How Will it Impact the US Dollar? The FOMC meeting today is highly anticipated due to uncertainty surrounding future US monetary policy. Markets expect a 25 bps rate cut today and a slower pace of easing in 2025 due to President-elect Trump’s policies. The Fed’s reverse repo ...
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Canadian dollar falls to 9-month line, US CPI next The Canadian dollar continues to lose ground. In the North American session, USD/CAD is trading at 1.4315, up 0.48% at the time of writing. The Canadian dollar has declined 2.2% in December and is trading at its lowest level since ...
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Gold (XAU/USD) Traders Await Fed Meeting: Will Prices Rally or Fall? Gold prices have dropped due to increased US Treasury yields, profit-taking, and the anticipation of a less dovish Fed outlook for 2025. The upcoming Fed meeting and its economic projections, especially regarding rate cuts, will significantly impact gold prices. India’s ...
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Australian dollar slips on soft consumer confidence The Australian dollar is down sharply on Tuesday. In the North American session, AUD/USD is trading at 0.6337, down 0.52% at the time of writing. Consumer confidence slides Australia’s Westpac consumer confidence index declined by 2% in December, from 94.6 ...
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Pound steady after hot UK wage growth, CPI next The British pound is showing little movement on Tuesday, after jumping 0.57% a day earlier. In the  European session, GBP/USD is trading at 1.2698, up 0.13% on the day. UK wage growth higher than expected UK wage growth excluding bonuses ...
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EUR/USD drifting after Euro PMI reports The euro is slightly higher on Monday. In the North American session, EUR/USD is trading at 1.0500, up 0.02% at the time of writing. Mixed PMI eurozone report There was mixed news from Eurozone PMIs today. Manufacturing PMI was unchanged ...
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BoJ Rate Hike in Focus: USD/JPY, GBP/JPY Technical Analysis Markets are pricing in a less than 20% chance of a BoJ rate hike this Thursday, despite earlier expectations of a 70% probability. JPY weakness has resumed as rate hike expectations have fallen, potentially pushing the BoJ to act. USD/JPY ...
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