2024

EURUSD hits 5-week high The ongoing negativity with the greenback has seen price action jump towards the 1.09 area. The fallout from last week’s CPI data continued as the Fed now looks more likely to begin cutting rates soon. A break…
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UK April CPI: Bring on the Rate Cuts? The UK will provide its usual data barrage before the market opens on Wednesday, with the chief focus being on April CPI (inflation data). The general mood in the market has come to expect a…
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The Nasdaq100 hits another record high The Nasdaq100, as well as the Dow and S&P, finished at their highest ever levels. With signs of slowing inflation, the Fed’s next signal could drive the index even more, should they begin…
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In a somewhat unusual bit of scheduling, Fed Chair Jerome Powell is expected to make an address on Sunday, when the markets are closed. That could give traders some pause as they set up for the weekend. With so much riding on when the Fed…
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The Dax40 rises to an all-time high The Dax40 (GER 40) reached a fresh peak after a soft CPI report, which boosted indices across the board. The index has recovered to its all-time high above 18800, suggesting a relentless bullish drive.…
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Chinese Retail Sales: The Asian Giant is Back? A few weeks ago, China shocked the market by posting Q1 GDP growth that exceeded all expectations. This was followed by an improvement in investor sentiment, particularly benefitting the…
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The S&P 500 gaps higher The S&P 500 returned to record territory as inflation cooled. This could mean that the Fed might cut interest rates later this year. A pop above 5250 has put the index back on track, prompting the short…
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Japan Q1 GDP: More Upside for the USD/JPY? It seems like the BOJ just can't get a break. he yen continues to weaken as carry traders don't believe the central bank has the determination to effectively knock it down, impacting the USD/JPY…
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