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S&P500 Forecast: Stocks rise after PCE data
US stocks are heading higher after US core PCE, the Fed's preferred gauge for inflation cooled to 3.9% from 4.2%. Meanwhile headline PCE ticked higher showing that inflationary rises are rising modestly. US stocks have fallen across the month, booking the worst monthly performance so far this year and the first quarterly decline in 2023 amid concerns that the Fed will keep interest rates higher for longer.
Nasdaq100 Forecast: Stocks slip after jobless claims, ahead of Powell
US stocks are edging lower after jobless claims highlighted the resilience in the US jobs market. The data adds to evidence showing that the US economy is holding up better than expected. This combined with higher oil prices fuels bets that the Federal Reserve will keep interest rates higher for longer. Fed Chair Powell is due to speak later.
Gold teetering as bond yields and dollar rip higher
Gold has a reputation of being of an inflation hedge and safe haven in uncertain times but that's not working for it right now.
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S&P500 Forecast: Stocks recover as treasury yields ease, Senate deal optimism
US stocks are set to open higher after steep losses yesterday. Easing treasury yields and optimism surrounding a bipartisan deal in the Senate which could could the Federal government funded until mid-November. US durable goods orders are due shortly. September has been a brutal month for stocks, which are set to book the first quarterly decline this year.
Nasdaq 100 Forecast :Stocks fall on rate and government shutdown worries
US stocks are heading for a lower open amid ongoing worries of higher interest rates for longer and the impact on the US economy. Treasury yields remain near multi year highs. Attention is turning to US consumer confidence which is expected to ease slightly in September. The data comes after Fed Chair Jerome Powell warned last week that a soft landing was not the Fed's base case scenario.
US Dollar Fresh 2023 Highs as Yields Drive the DXY Trade
US Treasury yields have shot to fresh highs after last week’s FOMC meeting and this has helped the US Dollar to continue it’s bullish trend after ten consecutive weeks of gains to set a fresh 2023 high. US Dollar bulls have awoken in Q3 as 10-year yields drive to fresh 15-year highs.
Dow Jones Forecast: Stocks fall on persistent concerns over higher rates for longer
US stocks are set to kick the final week of September off on a negative note, extending losses from last week and putting the three main indices on track for losses across September. The latest leg lower comes amid lingering concerns of higher interest rates for longer after the FOMC last week and as worries of a US government shutdown rise. The economic calendar is quiet with Minneapolis Fed President Neel Kashkari due to speak later. Amazon also ups its game in the AI race.
Dow Jones Forecast :Stocks rise but are set for heavy weekly losses
US stocks are heading higher but are set to book steep weekly losses after the hawkish stance from the Federal Reserve on Wednesday. The prospect of higher rates for longer and higher treasury yields is hurting demand for stocks, particularly tech stocks. The Nasdaq is set to fall 3.5% this week and is down 5.5% across the month. US PMI data is due shortly.
Nasdaq100 Forecast: The Fed's hawkish pause hits stocks
US stocks are set to extend losses as investors continue digesting the FOMC meeting. As expected, the Fed left rates on hold at 5.25-5.5%. However, the Fed also signaled to another rate hike this year and less easing next year. While the end of the hiking cycle is in sight, the meeting had a clearly hawkish bias which the market has latched onto. As if on cue, US jobless claims also came in much stronger than expected, supporting the Fed's stance.
Gold should be getting hammered but isn’t - that’s interesting
If gold can’t weaken substantially in these conditions, when will it? And what happens when the tide eventually turns, with the US dollar and bond yields turning lower?
Dow Jones Forecast: Stocks steady as the 2-day FOMC meeting begins
US stocks are holding steady for a second straight session as investors opt to sit on the sidelines as the FOMC's 2-day meeting kicks off. The Fed is mot expected to hike rates but given recent resilient data and rising oil prices, the Fed is likely to keep the door open for further hikes. Adding to evidence of a resilient economy, the OECD upwardly revised the US growth outlook for this year and next. Separately, Instacart is set to IPO at $30 per share today.
Nasdaq 100 Forecast: Stocks fall as Fed meeting comes into focus
US stocks are set to open modestly lower amid a cautious market mood, as investors look ahead to Wednesday's Federal Reserve interest rate decision. The Fed is not expected to hike interest rates but after CPI jumped by the most in 14 months in August, the Fed could still maintain a hawkish stance. Meanwhile, the UAW strike continues keeping automobile makers in focus and chipmakers could stay under pressure on rising demand concerns.
US Dollar Technical Forecast: EUR/USD, GBP/USD, Gold, USD/JPY
The focus shifts to the Fed next week, with the big question as what the bank sees on the horizon for the rest of the year. US data has remained hot but there are minimal expectations for any actual moves next week.
Dow Jones Forecast: Stocks struggle as attention turns to the Fed
US stocks are heading for a modestly lower start as investors look ahead to the FOMC rate decision next week. A string of upbeat data has highlighted the resilience of the US economy which has eased recession concerns. However, the market hasn't raised expectations of a rate hike following the data. No rate hike is expected in September, but the Fed could leave the door open for another hike before the end of the year.
Gold Prices Test Key Support as USD Strength Drives to Fresh Highs
Gold prices are testing a massive spot of support above the 1900 handle, even as the US Dollar jumps to fresh highs. Can gold bulls turn a support test into a swing?
S&P 500 Forecast: Stocks edge higher ahead of US data drop, Arm IPO
Stocks are edging higher as investors await another round of data which could provide further insight into the direction of inflation and the health of the US economy. PPI, retail sales and jobless claims figures come after US CPI inflation data yesterday painted a mixed picture. Arm will also be under the spot-light as the UK chip maker floats on the Nasdaq exchange at $51 per share.
S&P 500 Forecast: Stocks hold steady as oil prices lift inflation
US stocks are heading for a flat start after US headline inflation rose but core inflation cooled. CPI rose 3.7% YoY, ahead of forecasts and up from 3.2% in July. Core inflation cooled to 4.3%. The data comes as oil prices continue to rise, keeping prices at the pumps elevated, pushing inflation higher. The Fed is not expected to raise rates next week, but this data keeps a November rate hike on the table.
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Dow Jones Forecast: Stocks drift lower ahead of the Apple event, tomorrow's CPI
US stocks are pointing to a modestly lower start as investors look ahead to the Apple event later today, tomorrow's US inflation data and after disappointing current quarter revenue growth guidance from Oracle. Apple is expected to unveil its iPhone 15 just days after China banned the use of iPhones by state employees. There is no US economic data due today. The key focus this week is tomorrow's inflation data.
Canadian Dollar Technical Analysis: USD/CAD Pulls Back from Key Resistance
The bullish move in USD/CAD has been pronounced after the pair bottomed in July, but now the question of topping starts to come in as a major resistance level has come back into the picture.
S&P500 Forecast :Stocks subdued on higher rates for longer concerns
Stocks are set for a subdued open after a challenging week as a series of upbeat data raised expectations that the Fed may need to keep rates higher for longer. USD is set to book an 8th straight weekly rise, its longest weekly winning run in 9 years.
Nasdaq 100 Forecast: Apple leads stocks lower, jobless claims fall
Stocks fall, led lower by Apple on fears that China will expand its iPhone ban and as jobless claims fall to the lowest level since February.
Gold has looked healthier on the charts
Gold's outlook has turned nasty, at least when priced in US dollars, breaking its uptrend along with the 50-day moving average.
S&P500 Forecast: Stocks slip on inflation worries ahead of ISM services PMI
US stocks are heading lower, extending yesterday's losses. Rising oil prices fuel inflation fears and US ISM services PMI is due.