SP 500: selling pressure may reappear

PCE inflation and Powell are likely to be key for Wall Street this week Selling pressure may resurface in global equity markets this week as the outlook continues to deteriorate in China. The impact of the zero-covid policy appears to be intensifying on the Chinese economy, as the profits of the country’s industrial companies fell … Read more

USD/JPY: The dollar returns to test major support at 139 yen

USD/JPY stabilizes after US inflation-driven decline The price of USD/JPY has fallen in recent weeks to retest major support at 139. Despite the monetary policy differential in favor of the dollar, USD/JPY is down 8% since its peak on October 21 following some less hawkish rhetoric from some Bold members and encouraging signs of inflation. … Read more

SP 500: Wall Street resumes its decline

Inflation figures will be decisive in the short term for Wall Street The New York Stock Exchange resumed its downtrend yesterday after a few rebound sessions. The tighter-than-expected outcome of the midterm elections, the downturn in the crypto market and the disappointing quarterly results for Walt Disney (-13.2%) and a number of growth stocks such … Read more

Russell: Wall Street rises while waiting for CPI

Wall Street recovers as inflation numbers await The New York Stock Exchange rises, with the S&P 500 and Russell 2000 up nearly 2% since Thursday, benefiting from a mixed jobs report and statements from some Fed members. Job creation came in well above expectations with 261,000 against an expected 200,000, but unemployment rose more than … Read more

GBP/USD trade idea: the pound in bad shape after inflation

GBP/USD could break out from the bottom of its ascending triangle From a technical analysis perspective, the underlying trend of GBP/USD has undoubtedly been bearish since last year as evidenced by the 200 session moving average, but in the short term the exchange rate appears to be moving in what looks like an ascending triangle. … Read more

GBP/USD trade idea: the pound in bad shape after inflation

GBP/USD could break out from the bottom of its ascending triangle From a technical analysis perspective, the underlying trend of GBP/USD has undoubtedly been bearish since last year as evidenced by the 200 session moving average, but in the short term the exchange rate appears to be moving in what looks like an ascending triangle. … Read more