SPX500 Extends its Post-Fed Slide as the BoJ Surprises Markets
The US index slumps in the aftermath of last week’s hawkish Fed rhetoric, facing renewed pressure today, as the Bank of Japan surprised investors with a tweak in its yield policy
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 index slumps in the aftermath of last week’s hawkish Fed rhetoric, facing renewed pressure today, as the Bank of Japan surprised investors with a tweak in its yield policy
The German index comes from its worst week since September, as the European Central Bank delivered a hawkish message, expecting more rate hikes ahead and steep economic slowdown
Chair Powell pointed to a higher-for-longer approach last week, which led to the end of the pair’s eight-week profitable streak, but shows resilience, as the RBNZ is also very hawkish
USOil started the week with a three-day relief rally on demand optimism, but slides since yesterday after the Fed pointed to more rate hikes ahead
The pair treads water as markets digest this week’s rate hikes and hawkish commentary by the US Fed and the ECB
Both central banks slowed the pace of their tightening cycle this week, while delivering hawkish message and guidance, but the ECB appears to have been more aggressive
Watch today’s US Open for commentary on the latest policy decisions by the Fed, the BoE and the ECB
The Bank of England slowed the pace of hikes with an 0.5% adjustment, in a three-way split decision and hinted at more tightening, but guidance is vague
The US Federal Reserve downshifted to a smaller rate increase on Wednesday, but signaled more tightening ahead, projecting a higher terminal rate
The US Federal Reserve slowed its tightening pace on Wednesday, but expects a higher terminal rate and delivered a largely hawkish message
The US Federal Reserve moderated the pace of rate increases, with a 50 bps move on Wednesday, but now expects rates to peak higher and Chair Powell delivered a hawkish message
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