US Market

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

After last week’s Fed-fueled decline, the tech heavy index started the current one strong, with markets now awaiting today’s mid-term elections and Thursday’s CPI inflation update

During the week of October 31-November 4 European automakers and Chinese EV startups were in the spotlight, along with ride-hailing firm Uber and other corporations from various sectors

Tech earnings have disappointed over the Q3 earnings seasons, and with the prospect of higher rates, the present value of the NAS100 will likely come under further pressure. As a result, the NAS100 has fallen back into its bearish area between the lower blue and red bands. The longer it stays in this channel, the greater the probability of lower index prices ahead.

The US Federal Reserve delivered another 75 bps rate increase and pointed to a moderation in the pace of tightening, but ruled out a pause, sparking two-way action and volatility in markets

The social media giant registered a slide in both its top and bottom lines during the third quarter, while the segment responsible for delivering the Metaverse posted another loss