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Risk-on Sentiment Sparks Equity Market

Risk-on Sentiment Sparks Equity Market

Recent market dynamics have seen a surge in risk-on sentiment, with global equities rallying fervently. The Nasdaq has ascended to nearly a two-year high, driven by heightened anticipation surrounding Nvidia's upcoming earnings report. The US dollar index has slid to its lowest point since early September
PU Prime | il y a 338
Daily Global Market Update

Daily Global Market Update

Oil and Aussie dollar up, Euro sideways, Dollar-Yen negative. Euro area expects growth, OpenAI valuation uncertain. Key events: US bill auctions, Germany PPI, Eurozone construction output, Germany's Bundesbank report, China's PBOC rate decision.
Moneta Markets | il y a 338
EURUSD BREAKING NEWS: WILL THE PAIR SKYROCKET OR TANK?

EURUSD BREAKING NEWS: WILL THE PAIR SKYROCKET OR TANK?

Now, let's address the euro-dollar movement. It's been quite unpredictable lately, hasn't it? The question on everyone's mind: parity or above 1.10? The recent momentum in the euro-dollar surge is primarily tied to the latest FOMC meeting and the concerning US economic growth trends.
ACY Securities | il y a 338
USD/JPY Plummets, DXY Falls; Fed Rate Cut Bets Grow

USD/JPY Plummets, DXY Falls; Fed Rate Cut Bets Grow

The US Dollar plummeted against the Yen (USD/JPY), breaking down through the 150. level to 149.50 as sentiment shifted against the Greenback. Last week’s soft inflation data and weaker economic activity (Industrial Output and Manufacturing Production) weighed on the Dollar.
ACY Securities | il y a 338
Macro at a Glance Latest Views and Forecasts

Macro at a Glance Latest Views and Forecasts

Globally, I expect real GDP growth of 2.6% yoy in 2024, reflecting tailwinds from strong real household income growth, a smaller drag from monetary and fiscal tightening, a recovery in manufacturing activity, and an increased willingness of central banks to deliver insurance cuts if necessary.
ACY Securities | il y a 339
USD Weakens as BOE Signals Rate Cuts for 2024

USD Weakens as BOE Signals Rate Cuts for 2024

The US dollar faced additional weakening in the recent session, spurred by the disclosure of less favourable US economic data. This depreciation, however, exhibited a more confined impact, primarily targeting the euro and yen, as opposed to a broader spectrum of major currencies.
ACY Securities | il y a 339
EUROPE CPI - ANALYSTS EXPECT IT TO COME LOWER AS LAGARDE MENTIONED

EUROPE CPI - ANALYSTS EXPECT IT TO COME LOWER AS LAGARDE MENTIONED

We're at the end of yet another week filled with impactful data, especially from the US. Throughout this week, we've delved into the US CPI and the retail sales. I almost forgot to mention the positive data that came from Australia yesterday. Employment figures rose, but the charts didn't reflect that positively for the Australian Dollar.
ACY Securities | il y a 341