Market News – The Aftermaths of Inflation

Economic Indicators & Central Banks: Treasuries surged after a much cooler than expected CPI report that saw Fed funds futures price in a -25 bp rate cut for September, more than 2 quarter point moves over the rest of the year, and 3 cuts by the end of Q1 2025. Australian and New Zealand government … Read more

Stocks Rise as Analysts Predict Inflation Will Drop to a 5-Month Low

NASDAQ’s most influential stocks witness significant gains on Wednesday including Apple +1.88%, Microsoft +1.46% and Alphabet +1.17%. Investors fix their attention on today’s US Inflation rate which analysts expect to fall from 3.3% to 3.1%. Markets predict US Core Inflation to remain at 3.4%. KeyBanc Capital Markets raised NVIDIA’s target price from $130 to $180, … Read more

Market News – Stocks advance, Kiwi & Dollar dip

Economic Indicators & Central Banks: The rising political uncertainties, and the wait for more data to clarify the Fed’s rate cut path, are combining with summer doldrums to keep trading quiet and range bound.  Fed Chair Powell did not say anything really new in his Senate testimony, as expected. There were a few nuances, though, that … Read more

Rand Strengthens Amid US Job Market Shifts

Lately, the USDZAR currency pair has shown some interesting trends. Right now, $1 is equivalent to R18.12. It’s been a bit of a rollercoaster, considering it moved down from a 2024 high of 19.39. This drop hints at the South African Rand getting stronger against the US Dollar. Currently, key support levels for the USDZAR … Read more

Market News – Stocks Under Pressure Ahead of Powell

Economic Indicators & Central Banks: Trading was nondescript with the markets digesting recent data, including the jobs report, and events including the elections overseas. Asian stock markets were supported, however, the positive mood didn’t spill over into Europe, where indexes are mostly lower. US futures are finding some buyers but investors are cautious ahead of … Read more

NASDAQ Analysis: Bad News Is Good News?

US employment data ideal for shareholders as the Federal Reserve looks certain to cut in September. The US Unemployment Rate rises to 4.1%, the highest since November 2021, but adds a further 206,000. The NASDAQ rises to an all-time high after rising more than 3% over the past week. USA100 The NASDAQ has been the … Read more

Banks Earning Season: JPMorgan & Citigroup

America’s bank conglomerates – JPMorgan and Citigroup – shall deliver their Q2 2024 earnings result this Friday (12h July) before market open. JPMorgan JPMorgan is the world’s largest bank by market capitalization (nearly $600B). It offers a range of financial and investment banking services and products in all capital markets, including advising on corporate strategy … Read more

Market News – Asian & European Stocks Decline, Bitcoin Falls, and Key Economic Events Ahead

Economic Indicators & Central Banks: Asian stocks mostly fell today, along with European and especially French bond markets which sold off modestly, with the Euro dropping on the shock French election outcome. Europe: The French leftist alliance is the surprise victor, winning the most seats. This outcome potentially limits the influence of the left-wing New … Read more

NFP Is Here! How Will Today’s NFP Impact The NASDAQ

Labour win UK Elections, receiving an unconditional majority of seats in the House of Commons (410 out of 650). The British Pound and FTSE100 increase in value as Labour wins an outright majority. The Japanese Yen sharply increases in value as the US Dollar underperforms ahead of the US employment data. Investors turn their attention … Read more

Gold and Stocks Rise As Markets Increase Rate Cut Bets For September!

The NASDAQ and SNP500 increase to new all-time highs despite economic and employment data reading lower than expectations. The FOMC continues the previous verbal trend set by the Chairman, Jerome Powell, advising inflation needs to decline further. The Chicago Exchange Fed Tool confirms a 67% chance of an interest rate cut in September. Previously, there … Read more