NAS100 in a Perilous State in the Aftermath of the Fed’s Massive Rate Hike
The US central bank delivered its biggest rate increase in almost 30 years earlier in the week and tech sector reels, despite initial reaction higher
Senior Market Specialist
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.
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The US central bank delivered its biggest rate increase in almost 30 years earlier in the week and tech sector reels, despite initial reaction higher
The Bank of Japan did not make any changes to its ultra-loose monetary policy, but made a rare reference in the foreign exchange, give the Yen’s weakness
The central bank delivered another 25 basis point interest rate hike, in order to bring down rampant inflation, which it sees rising to double-digits
The US Federal Reserve hiked rates by 75 basis points, which is the biggest increase since 1994, catering to the aggressive market expectations after recent surge in inflation
The commodity lacks direction as investor digest IEA’s monthly report and China’s economic data, while expecting a potentially highly consequential policy decision by the US Fed
The common currency jumped as the ECB reportedly called an unscheduled meeting, while markets brace for the Fed’s policy decision, amidst pressure for 75 basis points rate increase
The pair extended this month’s advance to the highest level since October 1998 on Monday, but has been consolidating over the last few days, while markets await policy updates from the Fed and the BoJ this week
The US index plunged on Monday and closed in bear territory, in the aftermath of the renewed surge in CPI Inflation, but stages a rebound today, ahead of Wednesday’s policy decision by the Fed
During the week of June 03-10, the Musk-Twitter saga, Uber’s CEO upbeat commentary, Amazon stock-split, EV maker NIO somewhat disappointing results, were some the news that stood out
The common currency slumped on Thursday, despite the path to higher interest rates laid-out by the ECB, but finds support today, ahead of US CPI Inflation
The European central bank signaled interest rates lift-off in July and more hikes ahead, sending the index lower on Thursday, which tries to react today
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