The Weekly Bottom Line: Fed Sets the Stage for Rates to Liftoff Soon
U.S. Highlights The Fed left the policy rate unchanged at this week’s FOMC meeting but signaled that a rate hike was imminent come March. Uncertainty on the pace of hikes post March remains elevated, contributing to stock market volatility this...
Week Ahead: Central Banks, Geopolitics, Earnings and NFP
Last week, the FOMC met and Powell delivered a hawkish press conference which turned up the fire under already volatile markets. Not to be overlooked, the Bank of Canada set the table for a rate hike in March as well. ...
Week Ahead: 31 January 2022
Central Banks: RBA, BoE and ECB Earnings: GOOGL, AMZN and FB Data: Eurozone GDP and CPI, and US NFP Following the previous week’s big drop in US stock markets, we saw some very volatile price action as dip buyers initially...
Key Fed inflation gauge rises 4.9% from a year ago, fastest gain since 1983
A gauge the Federal Reserve prefers to measure inflation rose 4.9% from a year ago, the biggest gain going back to September 1983, the Commerce Department reported Friday. The core personal consumption expenditures price index excluding food and energy was...
Week Ahead – Three Central Banks Meet ahead of US Jobs Report
A busy week lies ahead. The Bank of England is widely expected to raise rates, the European Central Bank is unlikely to signal anything new, but the Reserve Bank of Australia could try to dampen rate hike bets. Over in...
Dollar Digests Gains after PCE Inflation Data, Aussie Broadly Lower
Dollar retreats mildly today after PCE inflation data posted no surprises. While there is some profit taking, the greenback remains the strongest one for the week by some distance. Selling focus has turned from Euro to commodity currencies today, as...
USDCAD Rockets Off 200-MA, Fuelling Upward Trajectory
USDCAD remains positively energized aiming for the Ichimoku cloud’s upper band around the 1.2813 high, after taking flight from the 200-day simple moving average (SMA) around the 1.2500 mark. The longer-term SMAs are suggesting an overall neutral trend in the...
EUR/USD and NZD/USD Elliott Wave Analysis: Be Aware of More Weakness
While USD is extending its rally, we can see EURUSD even lower, but still trading in the middle of wave 3, so be aware of more downside pressure in upcoming days, just watch out for a intraday pullback. EUR/USD 4h...
GBPJPY Chases Soft Gains; Short-Term Outlook Somewhat Gloomy
GBPJPY found strong footing around its longer-term 50- and 200-day simple moving averages (SMAs) this week, but the price could only gradually strengthen to 154.80 since then, unable to recoup January’s losses. While the 50- and 200-day SMAs have escaped...
US 30 Index Remains Negative in Short-Term; SMAs Post Bearish Cross
The US 30 (Cash) index rebounded off the seven-month low of 33,145, gaining some momentum, but the short-term simple moving averages (SMAs) posted a bearish crossover. The RSI indicator is flattening near the oversold zone, while the MACD oscillator is...