EUR/USD has moved within a tight range in recent weeks, bouncing between support and resistance, but a breakout could be just around the corner. [Read More...]
The Bond Market as a Forecasting Tool for Stocks: Four Key Yield Curve Regimes
Traders often use the shape of the yield curve as a leading indicator of the economy and a forecasting tool for equity performance. Here are four key yield curve regimes to know. [Read More...]
US Dollar Outlook Hinges on July Inflation Data after Gangbuster Jobs Report
The U.S. dollar is likely to stay supported in the near term on bets that the Fed will remain committed to a hawkish tightening cycle amid red-hot labor markets and elevated inflation. [Read More...]
US Economy Adds 528,000 Jobs, Defying Recession Gloom, S&P 500 at Major Juncture
The US economy created 528,000 new jobs in July, beating expectations by a wide margin and signaling that the labor market remains strong and that recession fears may be overblown. [Read More...]
EUR/USD Stuck in Horizontal Channel, but US NFP Data Could Catalyze a Breakout
The EUR/USD has remained range-bound over the past few weeks, trading between 1.0100 and 1.0280, but the U.S. labor market data could fuel volatility and trigger a breakout. [Read More...]
ISM Services PMI at 56.7; Strong Business Activity Eases Recession Fears
U.S. business activity in the services sector increased at a solid rate in July, beating expectations and signaling that the economy remains resilient and can avoid a hard landing. [Read More...]
Gold Price Outlook Turns Bullish as July FOMC Meeting Marks Peak Fed Hawkishness
Gold prices could continue to recover in the near term as weakening US economic data could prompt a Fed monetary policy pivot later this year, a scenario that could weigh on Treasury yields. [Read More...]
Nasdaq 100 Trims Gains as Fed’s Favorite Inflation Gauge Rises More than Expected
June U.S. Core PCE rises to 4.8% y-o-y from 4.7% y-o-y in May, a sign that inflationary pressures are struggling to cool and that the Fed has a long way to go to restore price stability. [Read More...]
Fed Raises Rates by 75 Basis Points at July FOMC in Fight to Quell Inflation
The Fed delivers another 75 basis points hike at its July FOMC meeting, bringing the policy rate to 2.25%-2.50%, a sign that the central bank remains committed to restoring price stability. [Read More...]
EUR/USD Wavers Ahead of FOMC. Will the Fed Surprise with a 100 bp Rate Hike?
The FOMC decision will grab the spotlight this week. EUR/USD will likely weaken if the Fed surprises markets with 100 bp hike, but this is not the baseline scenario at this point. [Read More...]
USD/JPY Outlook: Will the Japanese Yen Keep Weakening Against the US Dollar?
USD/JPY has risen sharply this year, but it may soon begin to correct lower on signs that Fed hawkishness has peaked amid rapidly slowing U.S. economic activity. [Read More...]
US Business Activity Shrinks, Heightening Recession Fears, July Composite PMI at 47.5
U.S. business activity fell into contraction territory this month for the first time since the COVID-19-induced lockdowns, a sign that the economy may be headed for a hard landing. [Read More...]