Fiona Cincotta
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EUR/USD, Oil Forecast: Two trades to watch
EUR/USD rises, but the outlook remains weak below 1.06. Oil rises ahead of inventory data & OPEC’s meeting later in the week
Nasdaq 100 Forecast: QQQ rises ahead of a data-heavy week
U.S. stocks are heading for a modestly strong start to December after posting solid gains in the previous month. The mood is cautiously upbeat as traders return from the extended Thanksgiving weekend break, despite more trade tariifs threats from Trump over the weekend. This week is a busy week for economic data, with Friday's NFP a kay focus ahead of the December Fed meeting.
EUR/USD, FTSE Forecast: Two trades to watch
EUR/USD falls amid French political uncertainty, FTSE inches higher after strong Chinese manufacturing data, but UK data disappoints.
Equities week ahead: Salesforce, Lululemon, Berkeley Group
Earnings this week from Salesfore, Lululemon and Berkeley Group are in focus
Pound Forecast: GBP/USD posts its strongest week since September. Can it continue rising?
GBP/USD held steady on Friday but is on track for its largest weekly rise since mid-September as the US dollar gave back some of its Trump victory gains.
Oil forecast: WTI steadies for now, OPEC+ postpones meeting
Oil steadies after 3-days of losses. Easing tension in the Middle East saw the geopolitical risk premium fall. However, OPEC+ pushing back its December 1st meeting raises optimism the group will postpone unwinding oil production cuts. Volumes will likely remain low owing to the US Thanksgiving holiday.
DAX, GBP/USD Forecast: Two trades to watch
DAX rises ahead of inflation data. GBP/USD falls after stronger US data & UK service sector gloom.
S&P500 Forecast: SPX muted ahead of core-PCE data
U.S. stocks are mixed after stronger than forecast data and ahead of the key core PCE inflation report. US GDP was revised higher to 1.9% in Q3, up from 1.8%, boosted by solid consumer spending as inflation continued to cool. Meanwhile, jobless fell to 213k. The data points to the US economy being in a good place raising questions over the Fed's ability to cut rates. US core PCE is expected to rise to 2.8% YoY in October.
EUR/USD, USD/JPY Forecast: Two trades to watch
EUR/USD rises cautiously ahead of German GFK data & post-Fed minutes. USD/JPY falls to a 3-week low ahead of US core PCE data.
S&P500 Forecast: SPX rises despite Trump tariff threats
U.S. stocks are heading higher, building on recent gains, as investors weigh up the implications of Trump's tariffs on its top trade partners. President-elect Trump said he would impose a 25% tariff on Canadian and Mexican imports and an additional 10% tariff on imports from China. Looking ahead, the minutes of the November Fed meeting will be released later and could provide more insight into the Fed's outlook for rates.
USD/CAD, DAX Forecast: Two trades to watch
USD/CAD rises after Trump’s tariff threat. DAX falls on trade worries.