S&P digesting market’s (over)reaction to Powell speech
December 1, 2022 11:47 AM
News and analysis
- All
- Forex
- Commodities
- Shares
- Indices
- Newest
- Popular
Week Ahead: OPEC+, RBA, BOC, and China CPI
Although this may be a light week for economic data, there are plenty of events taking place that could cause the markets to be volatile.
Non-farm Payrolls stronger than expected. Does that change the Fed’s plan?
Chances are that Powell and gang stick to the plan and only hike 50bps. However, that’s not to say that they can’t increase rates later if they deem it necessary.
Forex Friday: USD/JPY, EUR/USD, GOLD and YIELDS
In this week’s edition, we discuss the dollar, gold, yen and euro, and look forward to the week ahead.
Trade ideas
Week Ahead: OPEC+, RBA, BOC, and China CPI
Yesterday 09:16 PM
Non-farm Payrolls stronger than expected. Does that change the Fed’s plan?
Yesterday 04:04 PM
Forex Friday: USD/JPY, EUR/USD, GOLD and YIELDS
Yesterday 04:00 PM
Two trades to watch: USD/CAD, GBP/USD
Yesterday 08:59 AM
European Open: Currency markets pause for NFP, Equities pull back
Yesterday 05:35 AM
Open an account in minutes
Two trades to watch: USD/CAD, GBP/USD
USD/CAD looks to US & Canadian jobs data. GBP/USD rally continues ahead of the NFP.
European Open: Currency markets pause for NFP, Equities pull back
Today’s NFP report is the main event for traders, and the consensus forecasts is for headline job growth to soften to 200k (261k previously), and the unemployment rate remain at 3.7%.
What’s next for the highly correlated assets of Gold and DXY?
As long as this correlation holds, traders can get clues as to where Gold may be headed based on the direction of the DXY.
US Core PCE lower in September; USD continues lower
If Core PCE continues to fall over the coming months, the Fed may end up hiking rates less than it expects, or even cutting rates before the end of next year.
GBP/USD retraces 50pc of decline…
…time for a reality check?
US open: Stocks rise and USD drops as core PCE cools
US stocks are rising, building on yesterday's strong gains after core PCE eased to 5% YoY, down from 5.2%.
S&P digesting market’s (over)reaction to Powell speech
Perhaps the markets were not expecting the Fed Chair to explicitly imply that the FOMC will indeed hike by 50bps in December
Two trades to watch: DAX, USD/JPY
DAX rallies post-Federal Reserve Chair Jerome Powell's speech. USD/JPY falls to a 3-month low ahead of core-PCE.
European Open: Flash PMIs and US inflation on tap
The US dollar has continued lower overnight following Powell’s dovish comments, with US inflation data having the potential to extend or reverse some of its move.
Recommended topics
Forex news and analysis
Yesterday 09:16 PM
Yesterday 04:00 PM
Shares news and analysis
November 25, 2022 01:00 PM
November 25, 2022 11:48 AM
November 25, 2022 08:55 AM
Commodity news and analysis
Yesterday 04:00 PM
Yesterday 05:35 AM
December 1, 2022 08:28 PM
-
🔔 💵 What’s next for the highly correlated assets of Gold and DXY? #Gold #XAUUSD #DXY #USDollar #correlation https://t.co/T9XEaB4GqN
6:12 AM − 02 Dec 2022
Get the information that drives markets
Get expert reaction to latest market news and seize potential opportunities.
Risk-free trading with virtual funds
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs and FX on margin carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.cityindex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.