SPX500 Lacks Firm Direction after Global Growth Downgrades
The Index has been consolidating since late-May, as renewed Fed hawkishness and stagflation fears halt its recovery, while investor prepare for new inflation update from the US
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The Index has been consolidating since late-May, as renewed Fed hawkishness and stagflation fears halt its recovery, while investor prepare for new inflation update from the US
USOil consolidates today, as markets digest higher US inventories, elevated Chinese exports and lower global GDP forecasts, ahead of Friday’s US Inflation update
The tech giant hosts its 2022 Worldwide Developers Conference (WWDC) this week, having announced new products and features, including a Buy Now, Pay Later service for its Wallet
The World Bank slashed its Euro area and global GDP projections yesterday, while today we see cautious market sentiment after mixed economic releases and ahead of ECB’s policy decision on Thursday
The pair has started the week on the back foot, having rejected critical technical levels, while markets are edgy ahead of key events later in the week
The UK Prime Minister won the no-confidence vote on Monday, with 59% of the Tory MPs voting that they have confidence in their party leader
The Australian central bank (RBA) raised interest rates by 50 basis points today, which is more than baseline expectations and the largest upward adjustment since February 2000
Markets seem to be in a good mood today and XAU/USD trades with slight positive undertone, but lacks firm direction
Conservative members of the UK parliament will hold a no-confidence vote in Boris Johnson later today, in the aftermath of the Sue Gray report into the “party-gate”
The index starts the week with profits, following a mixed performance in the previous one, as sentiment seems to be in a good place today
The pair comes from its best week since late-2016 and hawkish Fed comments, but the new one starts with caution, despite the fact that the BoJ remains committed to its ultra-easy policies
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