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.
Wall Street rallied on Wednesday, after Mr Powell’s remarks cemented market expectations for a smaller hike by the Fed, but steadies today ahead of the PCE Inflation update
Watch today’s US Open for commentary on the latest markets themes and the technical outlook of EUR/USD, SPX500 and other assets
The daily NAS100 has slipped from its bullish area, between the upper blue and red bands, to neutral, between the blue bands (green rectangle). On a relative basis, this suggests weakness. The hourly chart shows that the trend-following EMAs and the momentum-based stochastic have turned negative (black ellipses). If the EMAs develop angle and separation to the downside and the stochastic makes its way to the 20- levels, a bearish…
The US index slumped yesterday, due to broader risk-off mood and hawkish Fed commentary, but finds support today as sentiment improves
If the real rates start reflecting dovishness or a softer terminal rate, and given the inverse cc, the FXCM FAANG basket may be a beneficiary. This is because the FAANGs are sensitive to interest rate changes. As such, we continue to monitor.
The tech-heavy index appears steady as markets brace for today’s Fed minutes and a slew of economic releases ahead of the Thanksgiving holiday
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
The broad US index is on the back foot at the start of a holiday-shortened week due to Thanksgiving, which also includes the Black Friday shopping event
The US index lacks firm direction today as recent geopolitical fears ease and markets assess strong retail sales from the US and a poor quarterly report from retail giant Target
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