Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
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GBP Moves Higher on CPI Print -
USD Remains Rampant on Soft China Data
UK jobs data released today showed a surprise increase in wages, which boosted the odds of another 25 basis point rate hike by the Bank of England (BoE) to 90%.
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Week Ahead: FOMC Minutes, Inflation and More
This week is relatively quiet on news this week, with the major headline being the FOMC minutes being released on Wednesday.
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12/12/2024Nasdaq Climbs Above 20,000 for the First Time as Inflation Data Boosts Market OptimismUS markets witnessed a remarkable session on Wednesday, with the Nasdaq Composite closing above the 20,000 milestone for the first time in history. November’s inflation report aligned with economists’ expectations, reinforcing hopes for a potential Federal Reserve rate cut at next week’s policy meeting. Tech stocks led the charge, with Alphabet’s quantum computing breakthrough fuellingContinue Reading
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19/03/2024Tech Giants Lead Market Recovery as Investors Eye Fed’s Next Moves
The Dow Jones Industrial Average modestly climbed, while the S&P 500 and Nasdaq Composite posted notable gains, breaking a losing streak and igniting optimism across Wall Street.
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15/03/2024Stocks Weaken as Hot Inflation Data Cools Rate Cut Hopes: Dow Ends Lower, Tech Wavers following Economic Data
The joy surrounding the recent stock market rally was put to the test on Thursday as hotter-than-expected US inflation data reduced expectations of an imminent interest rate cut by the Federal Reserve. The Dow Jones Industrial Average snapped a three-day winning streak while the Nasdaq Composite and S&P 500 also retreated, declining 0.3% and 0.29%, respectively.
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05/03/2024Market Momentum Stumbles as Nasdaq Dips and S&P 500 Recedes from Peak Despite Nvidia’s Leap
In an unexpected turn from its recent upward trend, the stock market began the week on a quieter note, with the Nasdaq Composite and the S&P 500 stepping back from their latest high points, despite strong performances from major tech companies. The S&P 500 dipped by 0.1%, and the Nasdaq Composite fell by 0.4%, reflecting a more cautious approach from investors fresh off last week's peaks.
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29/02/2024US Market and Bitcoin Watch: Navigating Inflation Reports and Cryptocurrency Surges
In a market atmosphere thick with anticipation, US stocks and Bitcoin navigate a landscape marked by the looming release of crucial inflation data. Wednesday's trading session saw a subtle pullback in major US stock indices, where investors are eyeing the forthcoming personal consumption expenditure report with keen interest.
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22/02/2024Nasdaq Retreats Amid Earnings Anticipation, Nvidia Shines with AI Revenue Surge
Wednesday's trading session closed with mixed sentiments across major indexes as investors navigated through a landscape of earnings reports and economic indicators. The Nasdaq Composite edged lower for the third consecutive day, reflecting a wary stance among traders eagerly awaiting Nvidia's quarterly earnings revelation.
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19/02/2024Market Momentum Halts as Inflation Concerns Weigh on Investor Sentiment
In a reversal from its recent upward trajectory, the stock market faced a downturn on Friday, shaken by the latest inflation reports that spurred a re-evaluation of the Federal Reserve's expected timeline for interest rate adjustments.
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21/12/2023UK Inflation Drop Fuels Speculation, Global Stocks Navigate a Maze of Economic Signals
In a dynamic twist of economic narratives, the global financial stage witnessed a day steeped in contrasts and complexities. The United Kingdom's inflation rate, in a startling but welcome descent, tumbled to 3.9% from 4.6%, stirring the cauldron of market speculation and heightening anticipation of Bank of England rate adjustments.
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19/12/2023Indices Climb as Investor Confidence Peaks Amid Fed’s Policy Outlook
In a striking display of enduring market drive, Wall Street's major indices ascended to commendable heights on Monday, reinforcing the robustness of its seven-week winning streak. The Dow Jones Industrial Average notched a modest gain, while the S&P 500 and Nasdaq Composite showed more significant advances
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16/07/2023The Week that Could Make or Break the Markets
This week is heavy on economic data coming out from several corners of the world - here's what to look for.
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16/07/2023Volatility in the Bond Market
Yesterday, the bond market experienced a significant surge in volatility, as indicated by the MOVE index, which measures bond market implied volatility.
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16/07/2023Anticipating Market Volatility: Insights into Upcoming US Economic Data and its Impact on FX Markets Introduction
In this article, we will delve into the significance of each data point and discuss how they could impact the foreign exchange (FX) markets.
