A lower-than-expected German retail sales report erases intraday gains for 6E. Bulls are not convinced with recent hawkish Fed statements amid a stable Eurozone GDP. US dollar bearishness paused amid a sluggish session due to Eurozone recession risks and China-US skirmishes. Intraday trading may be fueled by Eurozone Manufacturing PMI and Unemployment Rate Reports. A Read More…
Investors are expecting Google and Microsoft earnings reports later in the week. Walmart slashed its forecasts on Monday. On the charts, the price has found support at the 30-SMA. Today’s E-mini S&P 500 (ES) futures outlook is slightly bearish as markets face uncertainties about earnings and the looming Federal Reserve rate hike. Tech companies like Read More…
UK business activity fell less than expected in July. The probability of a 50-bps rate hike by the BoE has significantly decreased. UK consumer confidence is still at an all-time low. Today’s British pound (6B) futures outlook is bullish as investors expected a significant drop in business activity in the UK but were surprised by Read More…
Investors are sitting on their hands ahead of the ECB and BoJ meetings. Apple plans to slow hiring and spending growth next year. On the charts, the price of ES oscillates between 3906.75 and 3746.25. Today’s E-mini S&P 500 (ES) futures outlook is slightly bullish as investors grapple with indecision amid a few macroeconomic and Read More…
Investors expect a 75 basis point rate hike from the Fed next week. The ECB is expected to raise rates for the first time this week. Vulnerable Eurozone countries are facing possible recession. The market outlook for Euro (6E) futures price remains bullish as markets change their Fed hike expectations from 100bps to 75bps. Consumer Read More…
The inflation hedge is no match for rising interest rates in the US. The dollar rally might continue for quite some time. Bears are gathering momentum to potentially break below 1700. Today’s gold (GC )futures outlook is bearish as investors favor the more profitable dollar. In times of crisis and significantly rising inflation, the yellow Read More…
