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US Advanced GDP for Q2 is negative; Is the US in a recession?
The textbook definition of a recession is 2 quarters of negative growth. However, many economists don’t abide by that rule.
Gold holds post-FOMC bounce ahead of GDP
Expectations that inflation will soon peak and that the economy will deteriorate further points to a contractionary monetary policy stance from the Fed in 2023
Pending Home Sales rounds out weaker housing data in US
If markets see the Fed cutting back the pace of rate hikes, we may see 10-year yields lower, and as a result, housing data may pick up again.
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Silver: Can precious metals rebound despite Fed tightening?
We are seeing some mild dollar selling ahead of FOMC, which is boosting the appeal of precious metals, yen and franc
Gold steady ahead of FOMC - potential breakout in focus
Gold is holding above support ahead of today's FOMC meeting, and shows the potential for a continuation breakout.
European Open: FTSE falters at resistance, gold steady ahead of FOMC
Another reversal pattern has formed at a key resistance level on the FTSE 100, whilst gold shows the potential for a continuation breakout.
S&P500 "easy money" gone - what happens next?
A quiet start to the new trading week as U.S stock markets closed mixed ahead of this week's FOMC and Q2 GDP data and earnings reports from U.S Mega Tech companies.
FOMC meeting preview: Traders looking for 75bps, Powell’s presser key
If the FOMC does, in fact, opt for a 75bps interest rate hike, Fed Chairman Powell’s accompanying press conference will likely have a bigger market impact than the decision itself...
European Open: The DAX hits a 20-month low, ISM services in focus
The DAX is against the ropes on recession fears, ahead of several key data points from Germany, Europe and the US today.
FOMC recap: Fed hikes rates 75 bps, dot plots show much more to come!
The Fed statement said that it is “strongly committed to returning inflation to its 2% objective” and that it ”expects the labor market to remain strong”.
EUR/USD in focus as ECB holds ad-hoc meeting ahead of FOMC
Euro rebounds as ECB tries to address fragmentation risks, ahead of a likely 75 basis point hike from the Fed
FOMC Preview: Could the Committee hike 75bps?
With inflation continuing to increase and the Unemployment Rate at its lowest since February 2020, is it time for the Fed to surprise the markets and hike rates by 75bps?
FOMC minutes confirm 50bps hikes in June and July (USD/JPY, GBP/USD)
Whilst the FOMC minutes helped lift the dollar and Wall Street on the day, but we’re not convinced the dollar low is in just yet.
Powell said it- Not considering 75bps rate hike! Do markets believe him?
Based on today’s price action so far, it doesn’t seem like the markets are taking Powell seriously.
Ahead of the Fed: S&P 500 Index
The result of today’s FOMC meeting has potential for volatility in the S&P 500 index.
European Open: USD/JPY hugs 130 like an old friend it's about to leave
USD/JPY has been trading in a 20-pip range around 130 over the past 12 or so hours - a level we don’t expect to see it anywhere near this time tomorrow.
FOMC meeting preview: 50bps a “done deal” but balance sheet update will be key
Of course, with a 50bps move already fully discounted, the Fed’s interest rate decision is unlikely to be a market mover by itself...see what traders will be focused on instead!
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Forex Friday: Dollar Bulls, Pound Bears Exhausted
In this week’s edition, we discuss the dollar and its impressive rally, and ponder over the pounded pound
SP500 - a dead cat bounce or a stronger recovery Part II?
This morning, the Federal Reserve followed the lead of the ECB last week to deliver a hawkish surprise. The Feds dot plots showed the median dot in 2022 rose to 1.875%, consistent with another six rate hikes in 2022, in line with market expectations.
FOMC hikes rates 25bps as expected, but statement says more hikes to come!
The FOMC has a plan to raise rates steadily over the course of the year and run off the balance sheet.
US open: Stocks rise as Russia's stance softens, Fed in focus
US stocks are pointing to a strong open as hope of a truce in Ukraine grow, as Beijing pledges more support to the economy and ahead of the Fed rate decision.
Two trades to watch: EUR/USD, Oil
EUR/USD rises towards 1.10 ahead of the Fed rate decision. WTI crude oil rises after 11% declines in 2 days.
European Open: Sentiment gets another spring in its step ahead of FOMC
Equity markets were higher overnight as ongoing peace talks provided glimmers of hope the war could wind down.