The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
Dollar slightly softer to start the session
2022-01-19 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
XAG/USD: Silver after a remarkable selloff is trading above the 23.6% retracement area.
EU Market View
Asian equity markets traded cautiously as the region struggled to break from the weak performance among global peers. EU is reportedly working on an Airbus (AIR FP) - Boeing (BA) trade offer for the upcoming Biden administration. European stock markets are seen opening largely unchanged Tuesday, after a suite of US Federal Reserve officials hinted that it could start reducing its monetary stimulus later this year. Global equity markets have posted strong gains over the last few weeks, boosted by stimulus from central banks and governments alike, and the idea that vaccinations were on their way. However, investors are now starting to weigh up whether valuations are becoming too stretched, especially with a global surge in Covid-19 cases, following the emergence of new highly transmissible strains of the virus.
Looking ahead, highlights from macroeconomic calendar include US NFIB Business Optimism, EIA STEO, Fed Discount Rate Minutes, BoE's Broadbent, Fed's Brainard, Kaplan, Mester, Rosengren, ECB's de Cos, supply from the UK and US. Three regional Fed Presidents -- Richmond's Tom Barkin, Atlanta's Raphael Bostic and Dallas' Robert Kaplan -- all hinted more or less clearly that the 'tapering' of bond purchases could begin toward the end of 2021. The Fed is currently pumping $120 billion a month into the economy through such asset purchases. Global equity markets have posted strong gains over the last few weeks, boosted by stimulus from central banks and governments alike, and the idea that vaccinations were on their way.
EU Key Point
- ECB's Schnabel supports that Inflation is not dead
- Germany reports 12 802 new coronavirus cases in latest update today
- Reuters is reporting that China plans a further Hong Kong crackdown
The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.