- S&P 500:3,351.60+53.140+1.61%
- Fed Expected to Hold Borrowing Costs Steady for Months
Policymakers are expected to signal that rates are “likely to remain appropriate” at their current level, as long as the economy doesn’t change significantly.
- Two Markets That Show Incredibly Strong Technicals With Long-Term Trends
While I spend many hours a day scouring through Forex charts, the charts related to these two markets have caught my eye.
- US Stock Market: Will Rally Be Able to Continue without Earnings Support?
Given the ongoing trade issues, the political drama in Washington, the Fed’s multiple moves and geopolitical uncertainties, the one constant this year underpinning stocks has been corporate earnings results.
- Wrong Response by Trump to China’s Countermeasures Threat Could Blow Up Trade Deal
What traders could be waiting for is Trump’s response. Will he defy his promise to Chinese President Xi Jinping, or will he remain silent? It’s highly unusual for Trump to remain silent for too long especially when a foreign country threatens the U.S. with “strong countermeasures.”
- Two-Weeks Before Fed Meeting, Policymakers Remain Divided Over Rate Cut
One group like Fed Chair Jerome Powell believes the outlook is generally positive. Another believes the U.S. economy needs even easier policy to avoid sinking into a recession. Still a third group believes the Fed has gone far enough or even a little too far in trying to revitalize the
- We’ll Know How the Meeting Went by How Trump Handles October 15 Delayed Tariffs
If Trump moves forward with the tariffs on October 15 then this will complicate matters since it will indicate that both sides are still far apart and Trump feels China needs to continue to feel pressure in order to finish a deal in a timely manner.
- US Equity Indexes: Short-Term Volatility Expected Due to Rate Cut Uncertainty
While some wait for a recession, others are watching for a potential jump in inflation that could derail any thoughts of future rate cuts by the Fed.
- Euro Rebounds as ECB Underwhelms; Draghi Faced Opposition to QE
Draghi was also hurt by a headline from Bloomberg that said he faced opposition from several key ECB governors in his ultimately successful bid to restart quantitative easing, according to officials with knowledge of the matter.
- Technical Recession: What it is and How the Trumpian Era Driving The Economy to a Potential Recession.
The term “technical recession” has been all over the past month, as many analysts see the risk of a technical recession in the Eurozone’s largest economy piling up.
- Jobs Report Will Lift Uncertainty Off Fed, Move it to ECB
In my opinion, after the jobs data is released on Friday and traders make their position adjustments, the uncertainty over the Fed’s July 31 monetary and interest rate decisions will be lifted and the uncertainty will shift to the European Central Bank. This should lead to further pressure on the
- Why Fed May Pass on July Rate Cut
Given Powell’s comments, it looks as if the game-changer could be Friday’s U.S. Non-Farm Payrolls report. If this report comes in better than expected then combined with the resumption of trade talks and the steady PMI data, I think investors will have to seriously consider the possibility of no rate
- UK Credit Impulse Contracts for Seven Consecutive Quarters
There has been a handful of good data released in the United Kingdom in recent weeks but it would be misleading to see this as a sign that growth is on the verge of a prolonged rebound.
- Powell Makes Recession, Inverted Yield Headlines Disappear with One Comment
Powell took the wind out of the argument for a recession because as you should know by now, the Fed is pretty powerful. With the stock market rallying and believe it or not, the President threatening more tariffs on China, stocks are on a roll again and within striking distance
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