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Federal Reserve Set To Pause Again As The Market Does The Heavy Lifting

Federal Reserve Set To Pause Again As The Market Does The Heavy Lifting

The sharp move higher in longer-dated Treasury yields has created a meaningful tightening of financial conditions. This affords the Fed time to wait and assess whether its policy is restrictive enough to bring inflation back to target. We think it already is.Fed Chair, Jerome Powell Market moves mean the Fed can afford to wait The […]
Analytical Overview Of The Main Currency Pairs – Friday, October 27

Analytical Overview Of The Main Currency Pairs – Friday, October 27

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0565 Prev Close: 1.0561 % chg. over the last day: -0.04 % The dollar index gained 0.11% on Thursday. Bullish factors were generally strong economic news from the US and safe-haven demand amid a sharp sell-off in equities, as well as due to the escalating conflict in […]
S&P 500 Earnings Dashboard 23Q3 – Friday, Oct. 27

S&P 500 Earnings Dashboard 23Q3 – Friday, Oct. 27

Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is 4.3%. If the energy sector is excluded, the growth rate for the index is 9.7%. Of the 245 companies in the S&P 500 that have reported earnings to date for 23Q3, 77.6% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q3 Y/Y blended revenue growth estimate is 1.4%. If the […]
First Downside Target Reached

First Downside Target Reached

S&P 500 attempted to close the opening gap, was rejected, and slid through my first (intraday) downside target of 4,155, and as it became obvious thanks to bond price action that a rebound was developing, I called off the shorts to your benefit both intraday with last two day‘s tally of +66 e-mini ES points, and also […]
USD/JPY Price Loses Steam Above 150.0, Eyes On US PCE

USD/JPY Price Loses Steam Above 150.0, Eyes On US PCE

The USD/JPY price is trading in the red at 150.01. After the last rally, a downside correction was due. Still, the bias is bullish despite temporary retreats.Yesterday, the price registered sharp movements in both directions, signaling an indecision. The DXY’s short-term retreat weakened the greenback, while the Japanese Yen Futures helped the Yen.Surprisingly or not, […]
GBP/USD Forecast: Looks Vulnerable To Greenback Strength 
                    
Traders Should Remain Vigilant

GBP/USD Forecast: Looks Vulnerable To Greenback Strength Traders Should Remain Vigilant

On the upside, the 50-Day Exponential Moving Average hovers around the 1.2350 level, a price point that has proven to be crucial on multiple occasions. In the early trading hours of Thursday, the British pound took a significant dip, only to make a swift recovery, showing signs of resilience. Despite this bounce back, the market […]
Is The Market Putting On Risk Ahead Of The Weekend?

Is The Market Putting On Risk Ahead Of The Weekend?

Photo by Sara Kurfeß on UnsplashThe US dollar is trading with a softer bias. Among the G10- currencies, only the euro and Swiss franc are the laggards and are nearly flat. In shifting expectations, the market sees the Reserve Bank of Australia as the most likely to hike rates again, while the swaps market appears […]
Daily Market Outlook – Friday, October 27

Daily Market Outlook – Friday, October 27

Asia – Asian stocks are trading with a positive bias, driven by well-received earnings reports from Amazon and Intel, which lifted sentiment after a mostly lower close on Wall Street. The Nikkei 225 is experiencing gains, primarily driven by its Industrial sectors, potentially in response to the US GDP metrics, while Pharmaceuticals are underperforming, with […]
3Q Tech Earnings Fail To Ignite Buying Interest, But Crucial Dual Support On Nasdaq 100 Unlikely To Yield Right Away

3Q Tech Earnings Fail To Ignite Buying Interest, But Crucial Dual Support On Nasdaq 100 Unlikely To Yield Right Away

In a week in which several tech behemoths reported their September quarter, the Nasdaq 100 is down 3.1 percent through Thursday, falling out of a descending channel. But tech bulls have dual support just underneath – Fibonacci and moving average. In all probability, this will hold for now. Of the four tech majors reporting this […]
Japan Is Setting The Stage For A Monetary Policy Review. Falling Tech Companies Are Dragging The Broad Market

Japan Is Setting The Stage For A Monetary Policy Review. Falling Tech Companies Are Dragging The Broad Market

As of Thursday’s stock market close, the Dow Jones Index (US30) decreased by 0.76%, while the S&P 500 Index (US500) fell by 1.18%. The NASDAQ Technology Index (US100) closed yesterday negative by 1.76%. Stock indices continued to fall yesterday due to weak reports from major technology companies. Shares of Meta Platforms (META) fell more than 5% after weak ad revenue. Meanwhile, shares […]