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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.
US Index Technical Analysis: Dow, S&P 500, and Nasdaq 100 Reverse off Multi-Month Highs
“No news is good news” as they say, and if US indices continue to consolidate around current levels, we could be looking at a situation where “no price action is good price action.”
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.
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EUR/USD looks set to mean revert, Nasdaq to rally into Thanksgiving? European open
Has the rally on EUR/USD gone too far, too soon? Whilst it shows the potential for further gains, a pullback would not come as too much of a surprise. And with the Nasdaq rising ~80% of the Wednesday's ahead of Thanksgiving, we feel inclined to seek intraday bullish setups today.
Nasdaq 100 Analysis: NDX holds at YTD highs ahead of Nvidia Earnings
The Nasdaq 100 is at year-to-date highs and Nvidia is at record highs ahead of earnings this afternoon...
S&P technical analysis: Bears back in town or temporary respite?
The Nasdaq and S&P 500 both seem somewhat overbought following a rapid three-week surge. Wednesday's price action has raised the possibility of a short-term pullback. Despite this, it's essential to differentiate any potential short-term weakness from a bearish reversal, unless price action on the charts or a strong pushback from the Federal Reserve indicate otherwise.
Nasdaq 100 analysis: Stocks extend rally on signs Fed winning inflation battle
We are now in mid-November and US stock markets are enjoying one of their best phases this year, all thanks to optimism that interest rates will start to come down in the not-too-distant future now that inflation is on a downward trajectory. The markets do appear a little overbought though after a sharp three-week rally, especially the tech-heavy Nasdaq, so there is a risk of a short-term pullback.
Nasdaq 100, WTI crude oil: Divergence beckons as lead economic indicators roll over
It feels like we’ve reached the part of the economic cycle where the pain sets in. For the Nasdaq and crude oil, such a scenario points to the likelihood of divergent performance over the medium-term.
Nasdaq 100 analysis: Stocks running out of bullish catalysts after big rally
The optimism we saw last week was all based on signs of peak interest rates in the US. To give you an idea of what kind of a week it was, the Dow enjoyed its biggest weekly gain since October 2022, while the S&P and Nasdaq had their best weeks since November 2022. While those gains are impressive, so far, we haven’t seen any follow through.
US dollar analysis: NFP cements peak Fed rates narrative
Today’s publication of US jobs report has further cemented expectations that the Fed has reach peaked interest rates. Bond yields and the dollar have sold off as a result, with indices and gold moving higher.
Nasdaq 100 faces reversal risk if dovish rates narrative unravels
Markets have been loosening financial conditions aggressively ever since the Fed meeting, creating reversal risks should incoming data challenge the dovish narrative. Nasdaq 100 is one market that's run very hard very fast.
Nasdaq 100 Forecast :Stocks rise after AMZN pleases, inflation cools
U.S. futures hold onto gains after inflation data, which did little to change bets on the Federal Reserve pause next week. US core PCE cooled to 3.7% YoY from 3.8% in August. Meanwhile, personal consumption rose 0.7% up from 0.4% in a sign that Americans keep spending. The Nasdaq is leading the charge higher after Amazon results pleased the market, beating on earnings and profits after disappointment from Alphabet and Meta earlier in the week.
EUR/USD falls ahead of ECB, Nasdaq ponders make-or-break moment: European open
We enter today’s European session quite unsure of how this could play out. Several key markets are at our around key levels, and that usually means we’re a few ticks away from either all out carnage or a reversal of fortunes. Can the Nasdaq cling onto support? And will the ECB drive EUR/USD lower?
WTI crude oil prices defy the bullish consensus
The 4-month winning streak on oil prices is on track to be snapped, with October having erased all of September’s gains. And this flies in the face of current news flows, of the potential for the Middle East conflict to escalate and send oil prices higher (alongside food, energy and inflation expectations).
Nasdaq 100: The fine line between bullish and bearish
If we take a step back to admire the view, the Nasdaq 100 appears defiantly bullish with the clout of net-long asset managers fully behind it. Yet with so many headline risks, earnings season, and Fed members speaking this week, it could struggle to break key resistance nearby if geopolitical risks intensify amid calls of 'higher for longer' interest rates.
Nasdaq 100 Forecast: Stocks rise cautiously with Middle East & earnings in focus
US stocks are pointing to a mildly higher start after losses on Friday, as the conflict in Israel - Hamas conflict remains in focus. The market mood is still cautious amid concerns that the conflict could escalate further drawing in more Middle Eastern countries, particularly Iran or other oil-rick nations. Earnings season will also ramp up this week with Bank of America and Goldman Sachs due to report tomorrow after encouraging numbers from JP Morgan and Wells Fargo on Friday.
What are the most volatile stocks in 2023?
The most volatile stocks can be prized among day traders and others – offering lots of opportunity as well as risk. So, what are the most volatile stocks in 2023?
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Nasdaq 100 Forecast :Stocks muted after hotter than expected inflation data
US stocks are heading for a muted open after US CPI was hotter than expected, but yesterday's FOMC minutes showed that policymakers would adopt a cautious approach when deciding whether to raise rates further (and this was before treasury yields shot higher). Earnings pick up with Delta Airlines flying higher and Dominos disappointing ahead of the official start to earnings season tomorrow.
Nasdaq 100 Forecast :Stocks slip as NFP smashes forecasts
US stocks are set to fall on the open after the US non-farm payroll report came in almost double the expected level. Job creation rose 336k in September, up from an upwardly revised 227k in August and well above 170k forecast. However, unemployment remained at 3.8% and average wage growth eased to 4.2% The market reaction points to bets rising that the Fed could raise interest rates again this year.
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.
Dow Jones, Nasdaq 100: Indices remain in the hands of bond yields
The bond rout and sharp rise in yields continue to take centre stage for sentiment. And the longer this trend persists, the greater the odds appear for indices to finally roll over. Given three key US indices are showing signs of stability around their respective support levels, it brings the potential for a minor bounce over the near-term. But if bond yields keep rising, any such bounce could prove futile for bulls.
Nasdaq, Nikkei, ASX: Breaking down as the ‘bondcano’ erupts
After threatening for weeks to generate a sizeable volatility event, the combination of higher bond yields and US dollar looks to have delivered.
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.