Nasdaq 100 forecast :Stocks slip for a second day with jobs data in focus
Stocks are heading for a second day of losses as investors look ahead to data releases ahead of Friday's key non-farm payroll and next week's FOMC meeting. Attention is on US ISM services PMI which is expected to rise and JOLTS job openings which are forecast to show a slight decline to 9.3 million. Stronger than expected data could see the market push back on Fed rate cut expectations, pulling stocks lower.
EUR/USD, FTSE Forecast: Two trades to watch
EUR/USD falls ahead of EZ services PMI data. FTSE falls for a second day, miners under pressure.
S&P 500 forecast: SPX looks to data for policy clues as blackout period kicks in
S&P 500 is heading to a lower open amid a cautious market mood. After strong gains across November, on bets that the Fed is at peak rates and could cut next year, attention now turns to economic data for clues over the Fed's next move. US factory orders are due today but the main focus will be on Friday's non-farm payroll figures. Meanwhile Uber rallies on S&P 500 inclusion news and Coinbase soars as Bitcoin hits breaks above $40k.
EUR/USD, USD/JPY Forecast: Two trades to watch
EUR/USD falls with rate cut bets in focus. USD/JPY falls to a 3-month low as geopolitical tensions rise.
Nasdaq 100 forecast: Stocks look cautiously to Fed Chair Powell's appearance
US stocks are set for a quiet open as investors look cautiously ahead to an appearance by Federal Reserve Chair Jerome Powell later today. His comments will come as the Fed's preferred measure of inflation cooled to 3.5% YoY in October and as the market wraps up a month of impressive gains. Optimism that the Fed could start to cut rates next year lifted the Nasdaq 100 11% this month, its best monthly gain since mid-2022.
EUR/USD, Oil Forecast: Two trades to watch
EUR/USD struggles below 1.09 ahead of manufacturing data & Fed Chair Powell’s speech. Oil falls after OPEC+ underwhelmed.
S&P 500 Forecast: SPX rises as Fed's preferred inflation gauge cools
Stocks are set to end November on a strong footing after US core PCE, the Federal Reserve's preferred inflation gauge cooled inline with forecasts. Core PCE eased to 3.5% YoY from 3.7%, supporting the view that the Federal Reserve has finished hiking interest rates. Attention now turns to NY Fed President Williams for his comments ahead of Fed Chair Powell speech tomorrow.
DAX, Oil Forecast: Two trades to watch
DAX extends gains ahead of EZ and US inflation data. Oil holds steady with the OPEC+ meeting and China data in focus.
Nasdaq 100 forecast: Nasdaq 100 rises on rate cut optimism
US stocks are rising in risk on trade after comments from Federal Reserve officials raised expectations that the Fed was done hiking interest rates and is looking at when to start cutting rates. The market is now pricing in a 40% probability of a 25 basis point hike in March. Attention is shifting to tomorrow's inflation data for further clues over the path for rates.
DAX, GBP/USD Forecast: Two trades to watch
DAX rises ahead of inflation data. GBP/USD rises to 1.27 on divergent central bank chatter.
Dow Jones forecast: Stocks set for a muted start ahead of consumer confidence data
Stocks are pointing to a subdued start as investors look ahead cautiously to Thursday's inflation data. Today consumer confidence figures are expected to show a slight deterioration in morale, Several Fed officials will speak across the day and could provide clues about the Fed's future path for interest rates. Retailers are in focus after Americans spent around $12 billion online on Cyber Monday.