US Open – 17 November 2022 (Video)
Fed-speak, economic data, UK’s economic plan and more news were in focus, during today’s US Open
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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Fed-speak, economic data, UK’s economic plan and more news were in focus, during today’s US Open
The German Index loses steam after its six-week rally and consolidates its gains, as today’s Eurozone inflation report does not help it find direction
The pair finds support this week, but runs a very bad month, as markets pare back their expectations around the Fed’s tightening path
The commodity is having a bad week and pauses its recent recovery, weighed by disappointing data form China and elevated Covid-19 cases
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
The pair extends its advance this week, helped by encouraging data from Eurozone and the greenback’s post-CPI demise, as market try to look past renewed geopolitical tensions
The precious metal runs an impressive month and the first profitable one since March, capitalizing on the greenback's correction, but the RSI shows overbought conditions
The pair rises today after the mixed jobs report, as markets brace for more economic data from the UK over the coming days and the update on the government’s economic plan
The Organization of the Petroleum Exporting Countries (OPEC) cut its world demand growth projection once again, with oil prices pressured after last week’s decline
Crypto fears persist after FTX filed for bankruptcy, but BTC/USD covers initial losses, help by supportive comments from Elon Musk
The pair collapsed to its worst week since 1998, after the moderation in US CPI inflation, but rebounds today as the monetary policy deferential remains unfavorable
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