S&P 500 and Nasdaq 100 Make Gains, While CAC40 Struggles
US indices have made headway after the Fed decision, but today’s ECB meeting has kept the CAC40 in check
US Dollar Weakens Ahead of ECB decision and US Q2 GDP Data
After an uneventful FOMC meeting and press conference, a popular dollar benchmark heads lower as traders eye the ECB interest rate announcement
European Central Bank (ECB) Preview: 25bps and Done or More Hikes in the Offing?
With a 25bps hike largely expected and priced in by market participants, will the ECB shift to data dependency moving forward as recessionary fears rise. Let’s take a look at…
US Equity Indices Post FOMC: Nasdaq, S&P 500, Dow Price Setups
US equity indices were largely flat, hovering around year-to-date highs after the Fed hiked interest rates by the widely expected quarter percentage point. What’s next for the Dow Jones Industrial…
Gold Prices Embrace Golden Cross as XAU/USD Looks to Beyond the Fed Next
Gold prices aimed slightly higher in the aftermath of the Federal Reserve’s July rate hike. Now, a Golden Cross is forming, offering a bullish technical posture for XAU/USD.
US Dollar Slips After Fed Rate Hike: What Has Changed for EUR/USD, GBP/USD, USD/JPY?
USD slipped but held well within the recent range after the Fed hiked interest rates by the widely expected 25bps and on balance kept its options open for further tightening.…
Asia Day Ahead: Lukewarm Reaction to Fed Meeting
The Fed has hiked its policy interest rate by 25 bp and left the door open for another hike, but additional tightening moves are perceived to lack commitment at current…
Dow Jones, S&P 500 Unscathed by Fed Rate Hike. Retail Traders Turn More Bearish
The Dow Jones and S&P 500 were left unscathed by this month’s Fed rate hike. But, retail traders are becoming more bearish. Is this a sign that further gains could…
EUR/USD Up After Fed Hike but Skating on Thin Ice, ECB Guidance Key to Outlook
The upcoming European Central Bank monetary policy announcement and guidance will play a crucial role in shaping the near-term directional bias of EUR/USD.
Fed Hikes Rates After Short Pause, Gold and US Dollar Forge Separate Paths
The Federal Reserve resumed its tightening campaign at its July meeting after a brief pause last month, lifting interest rates by 25 basis points to 5.25%-5.50%, the highest in 22…