
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Hello, dear traders! Hope you a having a great Friday and can’t wait for a weekend! Let’s see what news can influence the market now.
16:45 GMT+2, US Flash Services and Manufacturing PMI
The Federal Reserve and the European Central Bank dashed dovish hopes by saying that rates will rise longer until inflation returns to its targets. While this conflicted with market expectations for a lower peak rate and potential rate cuts in 2023, it also clouded the upside outlook.
Economists now see a 60 percent chance of a recession in the US and an 80 percent chance in Europe. Stock market analysts downgraded their 12-month revenue estimates to the lowest levels since March and July, respectively.
The most popular currency pair, EURUSD, is continuing its uptrend. However, after a long period of rising, the price will most likely drop slightly. If the price continues to grow, it may reach 1.0780 and head to 1.1000. In case of reversal, the price might drop to 1.0490.
Stay tuned with FBS and have a great day!
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Some progress in US debt ceiling talks is made, and the PMI data is out.
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
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