US Open – 01 December 2022 (Video)
Watch today’s US Open for commentary on the prospects of a less aggressive Fed, following Mr Powell’s speech and the softer PCE Inflation figures, as well as the impact on Wall Street and the greenback
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Watch today’s US Open for commentary on the prospects of a less aggressive Fed, following Mr Powell’s speech and the softer PCE Inflation figures, as well as the impact on Wall Street and the greenback
The market is anticipating that the current hiking cycle is reaching its peak, with the risk-on sentiment more prevalent since the beginning of October. This is not surprising given the forward-looking nature of the markets.
Watch today’s US Open for commentary on the latest markets themes and the technical outlook of EUR/USD, SPX500 and other assets
In this week's podcast, FXCM senior market specialists, Russ and Nik, discuss the aggressive hike by the RBNZ despite other banks signalling a slowdown in pace. In addition, the two also talk about oil demand out of China and give their opinion on the Fed's minutes. In addition, this Thursday will see the preferred measure of inflation - core PCE - released, and Friday is NFP Friday. Listen to these…
Watch today’s US Open for commentary on the Fed’s minutes and their impact on the US Dollar and Wall Street, along with other news and developments
The central bank of New Zealand remains super-hawkish as it raised rates by a record 0.75% and pointed to more moves ahead, despite impending recession
Watch today’s US Open, for commentary on the latest news, including oil developments, as well as the technical outlook of SPX500 and other assets
Fed-speak, economic data, UK’s economic plan and more news were in focus, during today’s US Open
The Fed and BoE both hike by 75 bps but their tonality contrast with each other. RBA shows conservativeness, with central bank signs of slowing down in some regions. NFP leads to an odd market reaction and critical inflation data this Thursday. Into this mix, we also have the US mid-terms. All this and more.
The central bank raised rated by 75 basis points, its largest move in thirty-three years, but softened its language as it expects prolonged recession
A policy rate above neutral is, in effect, a contractionary monetary policy. Given that the Fed may only have just hit neutral, the Fed's hawkishness is understandable. Chair Powell admitted as such, saying that "the level of interest rates will...be higher than previously expected."
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