The NASDAQ 100 (NDX), SP500 (SPX), and major tech stocks like Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), and Bitcoin (BTC) are firmly in a bullish cycle, currently in wave (1) of 5. As markets progress through wave (1), we’ve surpassed the midpoint, reaching wave (iv) of iii) of…
Federal Reserve Bank of Chicago President Austan Goolsbee spoke in an interview with CBS’ Face the Nation on Sunday: US credit conditions are tight and are getting tighter no certainty the Fed will cut interest rates next month, but not doing so could damage the labour market “When you set a rate high like we have and hold it…
Australia CFTC AUD NC Net Positions: $-42.6K vs previous $-40.2K
On the day: Stoxx 600 +0.3% German DAX +0.8% Francis CAC +0.4% UK’s FTSE 100 -0.4% Spain’s Ibex +0.6% Italy’s FTSE MIB +2.0% Italy posted some strong outperformance today while the UK struggled. On the week: Stoxx 600 +2.4% German DAX +3.4% Francis CAC +2.7% UK’s FTSE 100 +5.0% Spain’s Ibex +2.9% Italy’s FTSE MIB +4.0% The STOXX 600…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
This week our currency strategists were focusing on another round of employment situation updates, this time from Australia and the U.K, as potential drivers for short-term opportunities. Out of the four scenario/price outlook discussions this week, only one discussion arguably saw both fundie & technical arguments triggered to become a potential candidate for a trade & risk management overlay. …
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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
UPCOMING EVENTS: Monday: New Zealand Services PMI, Fed’s Waller, BoC’s Senior Loan Officer Survey. Tuesday: PBoC LPR, RBA Meeting Minutes, Canada CPI, Eurozone Wage Growth. Wednesday: Canada PPI, FOMC Meeting Minutes. Thursday: Australia/Japan/Eurozone/UK/US Flash PMIs, ECB Meeting Minutes, US Jobless Claims, Jackson Hole Symposium. Friday: New Zealand Retail Sales, Japan CPI, Canada Retail Sales, Fed Chair Powell, Jackson Hole…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
