US Sentiment Stinker - Things are not looking good in the US as Consumer Sentiment at GFC levels
Recent economic data from both sides of the globe is sounding a sobering alarm. It's not the kind of news that investors and market participants prefer to hear, but it's essential to pay attention when the warning signs are as stark as they are now.
AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD Index, Gold, & S&P 500
Are you looking for a market veteran to run through his key trading ideas and critical levels across the AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD index, Gold, and the S&P 500?
Join us as we delve into the intricate world of the global economy with Luca Santos, Technical Market Analyst at ACY Securities. In this week's episode, Luca dissects the events and developments that have shaped the financial landscape, with a particular focus on central banks' crucial interest rate decisions.
The Dollar Index (DXY), which gauges the value of the Greenback against a basket of 6 major currencies, eased to 105.40 from 105.55. US bond yields were mixed. The 10-year rate climbed to 4.49% while the 2-year yield fell 6 basis points to 5.14%.
One of the primary reasons for the recent decline in the performance of the British Pound (GBP) can be attributed to a significant reassessment by the financial markets regarding the potential for additional interest rate hikes by the Bank of England (BoE).
USD: Fed signals higher rates for longer & softer landing for US economy. During the Asian trading session, the US dollar has maintained its strength following the recent FOMC meeting.
It’s an interesting time for stock markets. Wobbles are starting to appear, especially after the US Federal Reserve central bank recently stated that it would keep interest rates higher for longer. That could impact high growth stocks which have led the broader indices advance this year. But there are other macro headwinds which could mean stocks enjoy an easier path to year end.
FXTM | 1 day ago
Pound-dollar pair down 0.2%, oversold. Bitcoin-dollar dropped 1.9%, MACD bullish. Oil-dollar up 0.4%, CCI bearish. Aussie down 0.3%, CCI pessimistic. Bitcoin energy emissions decrease. Mixed London equities. U.S. oil futures rise due to reduced crude reserves. Key events: U.S. Baker Hughes Oil Rig Count, Dutch GDP, Japan BOJ decisions, UK Retail Sales, and CFTC GBP NC Net Positions.
Moneta Markets | 1 day ago