After banking concerns and the fear of its rapid spread to other sectors, some market participants thought Fed might stop its interest rate hikes. Still, this feeling was short-lived, as inflation numbers showed continuing rate hike concerns. Therefore, a 25 basis point rate hike is again most likely predicted. February CPI numbers showed that the […]
Last week most markets closed lower, and US 10-year bond Yields rose towards 4%, while this week, eyes will be on EU inflation numbers. Last Friday, the January US core PCE price index recorded 4.7% year-on-year, above the 4.3% market estimate and 4.6% in December. On the monthly scale, prices rose by 0.6%, exceeding market […]
Before investigating the US inflation effects on financial markets, reviewing the numbers in more detail would be better. According to the US Bureau of Labor Statistics, the US consumer inflation in January raised 6.4% year-on-year. This decline from 6.5% in December, the seventh consecutive month of fall and the smallest increase since October 2021, is […]
Light, but very important! We will have a light week, but our little data will be essential. As I mentioned in the monthly outlook, in February market will be driven by inflation and rates. This week’s focus will be on the US, UK, and New Zealand inflation numbers to guess the central banks’ reaction in […]
Earnings and volatile markets Economic Forum in Davos, Earnings Reports, BoJ meeting, and a busy economic calendar should create a tough week. After last week’s softer US inflation, consumer Inflation figures from the EU, Canada, UK & US producer inflation will tell us what we can expect from future monetary policies. 1- World Economic Forum […]
The year starts with NFP Happy New Year. We are in IFC Markets wish you a great year ahead. This trading week starts on Tuesday, as Monday is the New Year holiday in most parts of the world. After disappointing data in the last months of last year, investors hope to start 2023 with more […]
While market participants were waiting for another decrease in inflation numbers, actual numbers showed a much more significant reduction than estimates. Investors were expecting that inflation in November raised by 0.3% month-over-month, translating to a 7.3% year-over-year pace. However, according to the US Bureau of Labor Statistics report, US headline inflation rose 0.1% from October […]
Gold price after a sharp increase in the first half of the month ($1,617 – 1,787) entered into a slow correction to touch $1,725 with a 3.4% loss. However, again and with a weaker USD, gold could hold its strength and return above the uptrend line in almost all main timeframes. Changing the sentiment from […]
At the time of writing, Mrs. Lagarde’s testimony in the European Parliament continues. So far she told that Eurozone inflation has not peaked and the risk is that it will turn out even higher than currently expected. In its Monday speech, European Central Bank President Christine Lagarde also said: “We do not see the components […]
Unlike the falling WTI price, natural gas prices still increasing and with the beginning of the cold season, it will be hard to expect a meaningful slowdown in the prices. And probably it can be the main reason why the Bundesbank is a vocal supporter of the European Central Bank’s efforts to curb inflation via […]
The US reported October retail sales on Wednesday. With the promising numbers that we had, we could see that retail sales could outpace the monthly rise in prices for the first time in several months. As it was expected, Retail sales rise by 1.3%. Core retail sales also raised by 1.3% in October, which is […]
Crude prices fell sharply this week as Inventories in the US increased, concerns over global economic recession grew, and rumors about the resurgence of the coronavirus in China have increased. However, Thursday’s US inflation numbers changed the market sentiment. Coronavirus spreading in China was one of the determining factors for the Oil price in recent […]
Economic data and US election After publishing most of the earnings reports, the employment report, and the Fed meeting, we realized that the economic condition in the US is not bad, but a soft downward is started. In the week ahead, inflation fears, and speakers from Fed and other major central banks, in line with […]
A busy week out of the US The week ahead mostly will be about the European countries. Inflation in Eurozone, UK, and Canada, with GDP and trade data from China, will be the main market drivers, while in the US, still, everything is about inflation. At the same time, we must follow the Earnings reports […]
While stocks return after earlier losses, it’s hard to believe that we can count on the return. Doubt and uncertainty take all over the markets.Wednesday evening, the Federal Reserve published the minutes of the September FOMC meeting. Minutes mostly confirmed the FED’s restrictive policy. However, mainly because of the current uncertain economic outlook, Fed can […]
Earnings Season kicking-off We are going to start the Q3 earning season while speculations about Fed’s next move are getting more widespread. Analysts depend on different factors like employment, inflation, and economic growth, have different ideas. Usually, next weeks after NFP numbers are supposed to be quieter, but this week would not follow the tradition […]
The most critical data of the week has been published. US inflation data had another surprise upside to reincrease the USD demand and encourage bears among riskier asset charts. The return of fear and worries in the financial markets According to the US Bureau of Labor Statistics data, US Consumer Price Index increased 0.1% in […]
