Forex News

S&P 500, Nasdaq 100 Weekly Forecasts – Bond Yields Hammer Equity Sentiment

S&P 500, Nasdaq 100 Prices, Charts, and Analysis A very important week for US Q1 corporate earnings. US interest rate hikes will weigh further on the tech sector. A busy week ahead of US companies reporting Q1 earnings with household names including General Electric (GE), Microsoft (MSFT), Ford (F), Twitter (TWTR), Amazon (AMZN), and Apple …

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Crude Oil Forecast: Stronger US Dollar, Weaker S&P 500 Key Risks in the Week Ahead

Crude Oil Fundamental Forecast: Neutral WTI crude oil prices softened last week despite Ukraine woes, demand bets A rising US Dollar and another drop in the S&P 500 worked against energies All eyes are on weakening US GDP and the Fed’s preferred inflation gauge WTI crude oil prices slightly weakened this past week despite ongoing …

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EUR/USD Vulnerable: Policy Divergence and Lagarde’s Unusual Request

Euro Fundamental Weekly Forecast: Bearish Lagarde requests that dissenting members delay policy criticism after ECB meetings Extreme policy divergence creates EUR/USD ceiling, 2020 lows clearly in sight Friday brought the week to a close with a slew of PMI data which revealed further euro/US contrasts outside of the obvious monetary policy divergence. In the Eurozone, …

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Gold Price Outlook Hinges on US Inflation During Fed Blackout Period

Gold Price Talking Points The price of gold slipped below the 50-Day SMA ($1938) for the first time since February as it extends the decline from the monthly high ($1998), and the update to the US Personal Consumption Expenditure (PCE) Price Index may drag on bullion as the Federal Reserve’s preferred gauge for inflation is …

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S&P 500 fell below 4300 on its worst day since March, and the Dow Jones plunged on risk aversion

The S&P 500, the Dow Jones, and the Nasdaq Composite recorded losses in a risk-off market mood. Fed speakers in the week support 50-bps rate hikes at the May 4-5 meeting. US Treasuries and the greenback finished the week higher amidst hawkish Fed comments. US equities finished the week with substantial losses, reflecting a gloomy …

S&P 500 fell below 4300 on its worst day since March, and the Dow Jones plunged on risk aversion Read More »

Japan’s finance ministry official denies report Japan, U.S. discussed joint FX intervention By Reuters

© Reuters. FILE PHOTO: Japan Yen and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo TOKYO (Reuters) – A senior Japanese finance ministry official on Saturday denied a media report that Japan and the United States discussed coordinated currency intervention to stem further yen falls at a bilateral …

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British Pound Forecast: GBP/USD at Risk of Further Losses as the UK Economy Weakens

GBP/USD WEEKLY FORECAST: BEARISH The British Pound posts heavy losses against the U.S. dollar during the week, falling to its weakest level since September 2020 Cooling economic activity in the United Kingdom and soaring yields in the US are likely to weigh on GBP/USD in the near term Technical signals are also bearish for Cable …

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

Central Bank Watch Overview: Rates markets are fully pricing in a 50-bps rate hike by the Federal Reserve in May. Expectations for a 50-bps rate hike have dropped considerably since the Russian invasion of Ukraine. Financial conditions are at their tightest levels since late-2011, which may give the FOMC reason to take a ‘soft hawkish’ …

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Fed’s Mester: Fed wants to see tighter financial conditions, though not all at once

Cleveland Fed President and FOMC member Lorreta Mester, speaking in an interview on CNBC, said on Friday that the Fed wants to see tighter financial conditions, though not all at once. “We are in a recalibration phase for monetary policy,” she said, adding that the Fed’s goal is to bring inflation under control, but also …

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