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S&P 500 hints at swing high following Powell’s hawkish speech: The Week Ahead
Hawkish comments from Jerome Powell with the threat of further hikes snapped Wall Street’s 8-day wining streak, and hints at a swing high on the S&P 500 heading into the weekend. And that puts traders on high alert for next week’s inflation report, not to mention the threat of a government shutdown if the debt ceiling is not raised by Friday.
WTI Crude Oil Analysis: The Debt ceiling bill makes it to Biden’s desk
It appears that US congress actually want to enjoy this weekend, having managed to get the debt-ceiling bill passed through the House and Senate and onto Joe Biden’s desk for his signoff - with a full business day remaining.
Can gold bugs reclaim $2000 on Fed-pause bets? The Week Ahead
The debt-ceiling is on track to be raised which resulted in strong rally for risk assets such as the Nasdaq and S&P 500 on Friday, ahead of the long weekend.
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Euro analysis: Is EUR/USD breaking out after the debt ceiling deal?
EUR/USD's bullish move off support suggests we may finally be breaking out of May's big falling wedge pattern...
The Week Ahead: S&P 500 bears begin to capitulate on debt-ceiling hopes
We could be off to a quiet start to the week as public holidays in the UK and US will see key trading hubs closed on Monday. But whilst low-liquidity sessions can be quiet, they can also provide uncomfortable levels of volatility should an unexpected catalyst arrive.
Euro analysis: EUR/USD hits a 6-week low, 1.08 in sight?
EUR/USD is nearing a key level of previous-resistance-turned-support at 1.0800, where bulls may try to stem the bleeding later this week.
Index in Focus: S&P 500; Who wants to make a deal regarding the US Debt Ceiling?
If an agreement is reached, will stock markets continue to make all-time highs?
US debt ceiling brinkmanship stops (just) short of the brink
Apparently, the term “brinkmanship” came widely into use during the Cold War, when both sides sought to push their opponent to the brink of outright […]