Author: FX
USD, S&P 500 Pre-FOMC Analysis• US stocks and the US dollar learn of their fate at today’s FOMC meeting• S&P 500 Pre-FOMC Analysis: Bullish Technical Cues Stack up• US Dollar Basket Ahead of the FOMC: Consolidation Sets in• The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow See what our analysts foresee in equities for Q1 Risk Assets and the Steady Greenback Learn of Their Fate TodayThe US dollar and the risk assets like the S&P 500 have experienced very different…
US ISM Manufacturing PMI overview The Institute of Supply Management (ISM) will release its latest manufacturing business survey result, also known as the ISM Manufacturing PMI for January at 15:00 GMT this Thursday. The index is expected to remain in contraction territory for the third straight month and come in at 48 for January. Given that the Fed looks more at inflation than growth, investors will keep a close eye on the Prices Paid sub-component, which is anticipated to tick higher to 39.5 from 39.4 in December. How could it affect EUR/USD? Ahead of the key release, the US Dollar…
Online trading may seem like an easy job to outsiders. To them, all traders do is sit in front of a computer, read a bunch of news articles, put up some lines on a chart, and then money will magically appear. But every trader will tell you that this is not the case. Every single time a trader opens his platform, he knows that he will be exposed to a variety of stressful situations. This makes us very susceptible to “mental burnout” or the collapse of the mind due to overwork or stress. Mental burnout can be triggered many factors…
Old Dominion Freight Line raises dividend by ~33% to $0.40/share Source link
GBP/USD PRICE, CHARTS and ANALYSIS: Recommended by Zain Vawda Download the Updated Q1 Forecast for the US Dollar Most Read: GBP/USD Technical Outlook: Short-term Range IntactGBP/USD FUNDAMENTAL BACKDROPCable failed to recover any ground surrendered to the greenback yesterday, as sideways price action dominated the Asian and early European sessions. Yesterday’s selloff in GBP/USD saw the pair find support at the 1.2300 level ahead of a big day on the data and macroeconomic front.This morning saw the release of Nationwide housing price data out of the UK which saw price growth continue to fall. Commenting on the figures, Robert Gardner, Nationwide’s…
© Reuters. FILE PHOTO: Olympic rings to celebrate the IOC official announcement that Paris won the 2024 Olympic bid are seen in front of the Eiffel Tower at the Trocadero square in Paris, France, September 16, 2017. REUTERS/Benoit Tessier/File Photo By Julien Pretot PARIS (Reuters) – Paris 2024 organisers insisted they would abide by the International Olympic Committee’s decision on Russian and Belarusian athletes’ participation in the Games after Ukrainian President Volodymyr Zelenskiy urged the governing body into banning them from the sport’s extravaganza. Last week, the IOC said the Olympic Council of Asia had offered Russian and Belarusian athletes…
Economist at UOB Group Ho Woei Chen reviews the recent prints from PMIs in the Chinese economy. Key Takeaways “Both the official manufacturing and non-manufacturing PMIs are back in expansion (defined as a reading above 50) in Jan for the first time in four months, having rebounded from their lowest since Feb 2020 just a month ago.” “Activities have recovered swiftly after China relaxed its zero-Covid policy and reopened its borders to international travelers from 8 Jan. The sharp jump in the non-manufacturing PMI is consistent with anecdotal evidence of a strong boost in consumption spending during the Spring Festival…
Central Banks are in focus this week as investors eye the FOMC as well as ECB and BoE meetings. Dollar Midway through the week and the Dollar continues to find support above the key 101.28 level, as bears snap a three-day uptrend ahead of the much-anticipated Fed interest rate decision later today. Factors driving this loss of momentum from the bulls, can be attributed to the “pre-Fed anxiety” creeping into the market, as well as the downbeat U.S data which weighed heavily on the Dollar on Tuesday. Looking ahead, investors have already priced in a 0.25% rate hike and anything…
The year 2022 remains in the rear-view mirror. There was no shortage of buzz in the market last year: rising interest rates, an ongoing inflation shock, and, as a result, falling stock markets and a strengthening dollar. Just imagine, at the end of the year the S&P500 was headed down 18%. If we speak about the stock market, we should not be critical, as the decrease in the value of assets was mixed and there are even positive moments:● The Energy sector is a striking example; it added 52% for the year and is, in fact, the only sector in…
Peach_iStock Stocks have wrapped up January with some surprises as the benchmark S&P 500 (SP500) finished the month with a gain of 6.2%. An even bigger advance was seen at the tech-heavy Nasdaq Composite (COMP.IND), which closed the month up 11% to mark its best start to the year since January 2001. While trades favored growth-oriented sectors, the Dow Jones Industrial Average (DJI) was also in the green, ending the month with an advance of 2.8%. As goes January, so goes the year? The S&P 500’s rally means that stocks hit the so-called “January Indicator Trifecta” this year, which gives…