Job openings in the US rose to 11.239 million in July. US Consumer confidence increases in August. Investors are expecting a 75bps rate hike from the FED in September. Following yesterday’s hold of support, E-mini Nasdaq-100 (NQ) futures opened the day in a positive frame of mind following Powell’s address at Jackson Hole last Friday. Read More…
Powell said the Federal Reserve would continue raising rates to tame inflation. Investors are split between a 50 and 75 basis point rate hike in September. This week’s jobs data will shine a light on the US economy. The E-mini S&P 500 (ES) futures closed Friday lower as the Federal Reserve’s chief, Jerome Powell, dashed Read More…
BoJ intends to maintain its ultra-loose monetary policy. BoJ will not intervene to stop the yen’s recent sharp declines. The Federal Reserve may continue to raise rates. The Japanese Yen (6J) futures continue to lose ground as one of the Bank of Japan’s board members stated that the central bank must continue its massive monetary Read More…
US PMI shows a significant decline in business activity in July. The US economy shrank by 0.6% in Q2, showing signs of a looming recession. Gold futures prices could fall further if Powell is hawkish during the Jackson Hole meeting. The latest Flash US Composite PMI from S&P Global is not encouraging for the American Read More…
OPEC+ may reduce output to support oil prices. Iran’s nuclear program deal is at a standstill. Oil prices increase after a drop in US crude oil inventories. The possibility of output reduction, the partial suspension of a US refinery, and growing supply fears due to delays in Russian exports drove up crude oil (CL) futures Read More…
Investors following market patterns are bullish. Investors with access to inflation and earnings data are bearish. Overall market sentiment is bearish on renewed recession worries. Investors following market patterns are becoming more optimistic about the U.S. stock market’s recovery, raising expectations for E-mini Nasdaq 100 (NQ) in the second half of 2022. Stronger-than-expected corporate earnings Read More…
