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Dow Stalls at Key Resistance Ahead of US Core PCE

Dow Stalls for NowThe Dow Jones came under heavy selling pressure yesterday as the market tested key resistance at the 35503.24 level. Prior to yesterday’s sell-off, the Dow had been on a strong...

EURUSD Under Pressure As ECB Tightening Expectations Fade

September Hike in DoubtEUR has come under heavy selling pressure on the back of yesterday’s ECB meeting. While the central bank hiked rates by a further .25% as expected, the tone of the meeting was...

EURUSD Rallying Ahead of ECB Meeting

ECB on WatchOn the back of the latest hike from the Fed yesterday, focus now shifts to the ECB today. As with the Fed, the ECB is widely expected to hike rates by a further .25% today and so the...

Weak USD & Fresh China Measures Supporting Crude

Oil Rallies on Weak USDOil prices are climbing on Thursday following the July FOMC yesterday which has seen USD coming under fresh selling pressure. Crude futures are now trading back up towards the...

Gold Rallying As USD Slides Post-FOMC

USD Falls Following FOMCThe US Dollar has turned lower on the back of the July FOMC yesterday. The Fed hiked rates by a further .25%, as expected, taking rates to their highest level in 22 years....

Fed's Wait-and-See Approach Sparks Yield Hunt in Risk Assets Amid Positive Economic Outlook

Meeting of the Federal Reserve became a catalyst for selling the dollar, with the U.S. currency index accelerating its decline to approach the 100.50 level after an initial negative reaction to the...

Meta Stock Soars On Bumper Earnings Report

EPS & Revenues Beat TargetsShares in Meta are trading over 6% higher ahead of the open today following the release of Q2 earnings after market close yesterday. The group posted a beat on both...

The Fed and Inflation: A Longer Road to Policy Shift

So, the FOMC day has arrived. The market has already priced in one rate hike (according to futures, with a 99% chance), and judging by the recent bullish rebound of the dollar, it doubts that the...

Tech Earnings & The Fed: Nasdaq Pulls Back From Highs

FOMC Expectations Weighing on NasdaqUS stocks are trading tentatively ahead of the FOMC later today. Looking at the Nasdaq, the index has pulled back from the recent YTD highs and is currently sitting...