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US Stock Futures Point Higher as S&P 500 Nears Record; Dollar Sees Year-End Decline Amid Expectations of Fed Rate Cuts | Daily Market Analysis
Key events: USA - Initial Jobless Claims USA - Pending Home Sales (MoM) (Nov) USA - Crude Oil Inventories US stock futures exhibited upward momentum during Wednesday night's trading, building on slight gains observed in the previous session, as major benchmark indices approached all-time highs. Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were trading within a narrow range of 0.1%.
Powell's Speech To Hint At the Fed's Position on the U.S. Economy | Daily Market Analysis
Key events:
Markets Tread Water As US PMI Is In Focus | Daily Market Analysis
Key events: Australia – Retail Sales (MoM) (Jan) Canada – GDP (MoM) (Dec) Canada – CB Consumer Confidence (Feb) Monday saw some relief in the market after Friday's correction caused by the Core PCE. The reaction to the report can be called comprehensive, there was another significant revaluation of the Fed rate trajectory in all asset classes, and speculative momentum was definitely involved, which shifted the balance somewhat towards short-term oversold, which was corrected by the market.
Why Do Central Banks Have No Power Over Inflation?
Fighting global inflation, now at its highest point in decades, has become a number one priority for major central banks around the world. Monetary policy measures that include raising rates are not yet having the desired effect – but it will take time. Nevertheless, there are serious concerns that even such all-powerful institutions as the U.S. Federal Reserve are "running out of ammunition," and there are fewer and fewer opportunities to influence the situation. The problem is that to support monetary policy the Fed needs to liquidate a giant overhang of U.S.
You Have No Idea How Bad Europe’s Crisis Is | Daily Market Analysis
Key events: US - Initial Jobless Claims
Powell and Lagarde Provide Volatility | Daily Market Analysis
Key events: Eurozone - Euro Summit Canada - Employment Change (Aug) Canada - Unemployment Rate (Aug) The EUR/USD pair traded above 1.0000 in anticipation of the European Central Bank's monetary policy decision as demand for the dollar remained subdued. During the first half of the day Asian and European stocks struggled to continue rising, although most indices held on to most of their intraday gains. At the same time, government bond yields remained at the lower end of their weekly range.
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