Analiz

Weekly Recap August 14 -18, 2023

Weekly Recap August 14 -18, 2023

Favourable economic reports exceeding expectations in both the United States and the United Kingdom further solidified the assertive stance of the Federal Reserve and the Bank of England. This resulted in the notable ascent of the U.S. dollar and the British pound in the performance rankings for the current week.
ACY Securities | 427 gün önce
Stocks Tumble

Stocks Tumble

We are getting the big falls we expected. Stocks continue to tumble and this is likely the new dominant trend for some time. Right now, at the start of the week, there is room for a technical price action bounce. There will be some bargain hunters. Both small investors and the largest funds. Yet, the trend has already turned with little prospect of a fresh bullish catalyst.
ACY Securities | 427 gün önce
UK retail sales fell sharply in July

UK retail sales fell sharply in July

Asia-Pacific equities are down, marking their worst weekly performance in recent weeks due to concerns about China and global interest rates. Japan's annual CPI inflation remains at 3.3%, possibly influencing its monetary policy. UK retail sales in July dropped by 1.2%, potentially signaling the impact of interest rate hikes.
Moneta Markets | 430 gün önce
Hawkish FOMC Meeting Minutes Boost Dollar

Hawkish FOMC Meeting Minutes Boost Dollar

The Federal Open Market Committee (FOMC) meeting revealed that inflation may remain elevated, particularly considering recent economic data. The dollar stands fortified after the release.
PU Prime | 431 gün önce
Inflation risks weigh on global risk appetite

Inflation risks weigh on global risk appetite

Asian markets face strain from US rate hike prospects and China's economic concerns. Australia's unemployment rose to 3.7%. UK shifts focus to August GfK confidence survey and July retail sales, hinting at another rate rise. Norway likely to increase rates to 4.00%. US 10-year yields hit 4.30%. GBP/USD remains above 1.27 due to UK rate hike expectations.
Moneta Markets | 431 gün önce
UK inflation down but core rate sticky

UK inflation down but core rate sticky

Asia-Pacific equities dropped, mirroring US/EU. China boosted liquidity; New Zealand cautioned on inflation. UK's CPI fell to 6.8%, hinting at a rate hike. Eurozone Q2 GDP expected at 0.3%. US July data shows strong consumer spending. Federal Reserve likely to maintain rates. UK yields rose; Sterling gained against euro, dollar.
Moneta Markets | 432 gün önce
China Slows PBOC Cuts

China Slows PBOC Cuts

Here is my take away. If Retail Sales disappoint on what should be the last good month before further slippage, then it will be a major sell the stock market signal.
ACY Securities | 433 gün önce