• July 27, 2023
  • Market News
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US Second-Quarter GDP Growth Shatters Estimates, Boosting Yields and the Dollar

U.S. GDP grew at an annualized rate of 2.4% in the second quarter, well above expectations of 1.8%, indicating that the U.S. economy remains in remarkably good health despite high interest rates....
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  • July 27, 2023
  • Market News
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S&P 500 and Nasdaq 100 Make Gains, While CAC40 Struggles

US indices have made headway after the Fed decision, but today’s ECB meeting has kept the CAC40 in check...
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  • July 27, 2023
  • Market News
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US Dollar Weakens Ahead of ECB decision and US Q2 GDP Data

After an uneventful FOMC meeting and press conference, a popular dollar benchmark heads lower as traders eye the ECB interest rate announcement...
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  • July 27, 2023
  • Market News
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European Central Bank (ECB) Preview: 25bps and Done or More Hikes in the Offing?

With a 25bps hike largely expected and priced in by market participants, will the ECB shift to data dependency moving forward as recessionary fears rise. Let’s take a look at what to expect....
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  • July 27, 2023
  • Market News
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US Equity Indices Post FOMC: Nasdaq, S&P 500, Dow Price Setups

US equity indices were largely flat, hovering around year-to-date highs after the Fed hiked interest rates by the widely expected quarter percentage point. What’s next for the Dow Jones Industrial Average, the S&P 500 index and the Nasdaq 100 index?...
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  • July 27, 2023
  • Market News
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US Dollar Slips After Fed Rate Hike: What Has Changed for EUR/USD, GBP/USD, USD/JPY?

USD slipped but held well within the recent range after the Fed hiked interest rates by the widely expected 25bps and on balance kept its options open for further tightening. What does this mean for EUR/USD, GBP/USD, and USD/JPY?...
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  • July 27, 2023
  • Market News
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Asia Day Ahead: Lukewarm Reaction to Fed Meeting

The Fed has hiked its policy interest rate by 25 bp and left the door open for another hike, but additional tightening moves are perceived to lack commitment at current point in time....
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  • July 27, 2023
  • Market News
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EUR/USD Up After Fed Hike but Skating on Thin Ice, ECB Guidance Key to Outlook

The upcoming European Central Bank monetary policy announcement and guidance will play a crucial role in shaping the near-term directional bias of EUR/USD....
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  • July 27, 2023
  • Market News
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Fed Hikes Rates After Short Pause, Gold and US Dollar Forge Separate Paths

The Federal Reserve resumed its tightening campaign at its July meeting after a brief pause last month, lifting interest rates by 25 basis points to 5.25%-5.50%, the highest in 22 years....
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  • July 27, 2023
  • Market News
  • Comments : 0

Euro Snapshot Ahead of the FOMC Rate Decision, EUR/USD EUR/JPY

EUR/USD appears to have stabilized ahead of the FOMC statement while EUR/JPY hints at a potential breakdown and the Japanese yen gains in popularity ahead of BoJ meeting...
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