Author: FX
S&P 500, SPX, NASDAQ 100, NDX – OUTLOOK:While the uptrend remains intact, US equities have yet to clear past their recent highs.Better-than-expected earnings have provided a floor to equities.What is the outlook for the S&P 500 index and Nasdaq 100 index? Recommended by Manish Jaradi Traits of Successful Traders US equities have struggled to clear past their recent highs even as the US Federal Reserve hinted at a pause in the hiking cycle. As the earnings season draws to a close, banking sector concerns appear to be taking center stage, posing a risk to the multi-week uptrend. On technical charts…
Franklin Limited Duration Income Trust raises dividend by 0.7% to $0.0595 Source link
US NFP AND JOBS REPORT KEY POINTS:The US Added 253,000 Jobs in April, Surpassing the Average Forecast of 180,000 New Payrolls.The Unemployment Rate Dropped to 3.4%, Matching the January Print Which was a 50-year low.The Positive Data Continued as Average Hourly Earnings Increased More Than Expected as Well, Likely to Add to Inflationary concerns.To Learn More About Price Action, Chart Patterns and Moving Averages, Check out the DailyFX Education Section. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Hiring in the US accelerated through April as…
Share: Pound Sterling vs US Dollar stabilizes above the key 1.2600 level prior to Nonfarm Payrolls data on Friday. The Pound benefits from monetary policy divergence with the US Dollar as elevated inflation suggests more hikes in the UK. Is the break above April highs in the upper 1.25s decisive enough to extend? Friday’s close could be critical in deciding. The Pound Sterling (GBP) establishes a foothold above the 1.2600 handle against the US Dollar (USD) ahead of the Nonfarm Payrolls (NFP) release on Friday. The Pound Sterling benefits from the UK monetary policy divergence with the US,…
Having trading biases isn’t necessarily a bad thing, but there are some that can impair our ability to read the markets and make good trading decisions. The first step to overcoming these biases is to become fully aware of them. Here are four common ones you should be mindful of. 1. Anchoring bias An anchoring bias refers to the tendency of a trader to rely on what is familiar, such as future outcomes being EXACTLY the same as past results. Of course a lot of market predictions are based on price patterns, but having an anchoring bias means that one…
Swiss Franc (CHF) Analysis Recommended by Richard Snow Top trading ideas identified by our analysts Swiss Franc’s Safe-Haven Appeal Drives Currency AppreciationThe Swiss Franc has emerged as one of the top performers against the US dollar in 2023 as declining rate expectations in the US and safe-haven appeal of the franc influence the fundamental landscape. The franc has appreciated around 4.4% against the dollar in 2023 thus far, with the trend likely to continue should the US receive softer fundamental data – possibly starting this week with the NFP print and next week with the latest CPI data.Adding to the…
US Dollar (DXY) Price, Chart, and AnalysisFed Fund futures suggest US interest rates will be cut by 75bps by the end of 2023.The US could run out of money by early June.US Jobs Report (NFP) released at 12:30 GMT. Recommended by Nick Cawley Get Your Free USD Forecast The US has finished its rate hiking cycle and will embark on an aggressive rate-cutting cycle from late July with rates expected to be 175 basis points lower at the start of May next year if the latest CME FedWatch Tool meeting probabilities play out. Rates are seen unchanged at the next…
da-kuk With artificial intelligence in the headlines and fears about what it can do to society, the White House convened a meeting on Thursday that sought to explore the dangers to public safety, civil rights and privacy, and faith in democracy. Vice President Kamala Harris, White House Chief of Staff Jeff Zients, National Security Adviser Jake Sullivan, Director of the National Economic Council Lael Brainard and Commerce Secretary Gina Raimondo all met with the CEOs of leading AI companies like Google (NASDAQ:GOOG) (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), OpenAI and Anthropic. What happened? “It was a frank conversation, which included discussion on three…
Stock markets nudged slightly higher, with sentiment stabilising somewhat after the weaker close on Wall Street. Bank jitters continue to linger, and gains were modest. EGB yields are moving higher in early trading, with the short end underperforming. Bonds rallied yesterday, despite the ECB’s rate hike and Lagarde’s insistence that it wasn’t the last. Markets are speculating on a quick reversal of rates in the US and wondering how long the ECB policy can diverge from the Fed outlook, but with Treasury yields also nudging higher this morning, the rally in bonds has been halted…
GBP/USD extends its recent upside now hitting new 2023 highs but with NFP around the corner, will we see a continuation or pullback? Source link