SPX500 Tries to Stop its 5-Day Slide
The broader US index is having a bad week as market seem to be nervous around the global economy, despite the fact that China has been relaxing its zero-Covid policy
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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The broader US index is having a bad week as market seem to be nervous around the global economy, despite the fact that China has been relaxing its zero-Covid policy
The pair made a strong start to the week, reacting from the recent four-month lows, but has been consolidating its gain over the last few days
The German index is on the back foot this week, but the formation of a Golden Cross on the daily chart, shows potential for further advance
ETH/USD loses ground after two profitable weeks and is in a tough spot, following its failure to surpass key technical levels
The commodity is in a tough spot again this week, despite an easing of the strict Covid-19 rules, as today’s trade data from the world’s biggest importer of oil disappoint
The pair is on the back foot this week, as markets digest recent strong US economic data and contemplate the rate path of the Fed and the ECB
Watch today’s US Open for commentary on the latest data from the US, the pandemic situation in China and the RBA rate hike to the highest levels in ten years
The pair finds support after its poor start to the week, as the RBA kept the door open to more rate increases, while markets continue to assess the Fed’s path and monitor the pandemic news form China
The past month was the best since April 2021, as the metal was boosted by hopes of easier Covid-19 policies in China and prospects of a less aggressive Fed
ETH/USD runs a profitable week, helped US Dollar weakness, but fails to move past critical tech levels as crypto fears persist
XAU/USD runs a profitable week helped by softer US PCE inflation and Mr Powell’s signal for smaller rate hikes, but eases today ahead of the US Employment Report
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