Euro Breaking News: Inflation in Focus After German GDP Surprises Higher
EUR/USD gained support after positive German GDP data while markets turn their attention over to German and U.S. inflation.
Hang Seng Index Technical Outlook: No More Than a Pause
The Hang Seng Index’s slide could be about to pause. However, any consolidation/rebound could be short lived as the broader picture remains weak. What are the levels to watch?
US Dollar Strikes Back as the ECB Takes a Dovish Tilt. Will the DXY index recover?
The US Dollar ascendency might be resuming after the ECB hiked by 75 basis points but then talked down further hawkishness. Will the DXY Index reclaim new highs?
Japanese Yen Awaits Kuroda, Intervention Threat, Key US Inflation Data After Dovish BoJ
The Japanese Yen marked time after a still dovish Bank of Japan. USD/JPY is now eyeing Governor Kuroda’s speech and the Fed’s preferred inflation gauge before the weekend.
Nasdaq and Dow Ratio Highlight FAANG Collapse, Fed and Recession Top Themes Next Week
Peak US earnings season and the serious hit to FAANG members proved one of this past week’s top fundamental themes. Next week, the volatility looks to continue; but the motivations…
EUR/USD Rate Vulnerable to Another Rise in US PCE
Data prints coming out of the US may fuel the recent decline in EUR/USD as the Personal Consumption Expenditure (PCE) Price Index is anticipated to show sticky inflation.
AUD/USD Under Pressure on Sinking Iron Ore Prices as APAC Traders Eye Bank of Japan
The Australian Dollar is under pressure against the US Dollar after iron ore prices plummeted in Singapore. A drop in government bond yields may underpin Asia-Pacific equities as traders prepare…
Oil Price Breaks Out of Bull Flag Formation to Eye Monthly High
The price of oil may continue to retrace the decline from the monthly high ($93.48) as it breaks out of a bull-flag formation.
Apple Falls in After-Hours Trading as iPhone Sales, Services Miss Estimates
Apple, the iPhone maker, fell around 5% in after-hours trading as investors digested the company’s fourth-quarter results, which missed on services and iPhone sales.
Amazon Plummets Around 20% as AWS and Sales Disappoint Expectations
Amazon fell nearly 20% in after-hours trading after a grim third-quarter earnings report. The company missed expectations across several key metrics, including its AWS and commerce segments.