Wall Street soars thanks to comments deemed dovish by Jerome Powell US stock markets soared on Wednesday night after the long-awaited intervention by the Chairman of the Fed at the Brookings Institute. The S&P 500 rebounded more than 3% and the Nasdaq 100 nearly 5% after Jerome Powell indicated the pace of rate hikes could … Read more
EUR/USD stalls while waiting for Powell, PCE inflation and NFP EUR/USD continues its short-term seesaw in its range between around $1.02 and $1.05, but could pull back as Jerome Powell is expected to be on the alert this afternoon. Fed Chairman to speak at Brookings Institution on ‘the economy, inflation and the labor market’ and … Read more
Powell and PCE inflation could calm the market party next week The Swiss stock market is back close to major resistance at 11,230 points, benefiting from a favorable seasonality for risky assets during the week of Thanksgiving and the Fed Minutes reinforcing the scenario of a slowdown in the tightening in December. The SMI is … Read more
Jerome Powell dampens hopes of a Fed pivot Hopes of a Fed pivot were dashed by Jerome Powell’s speech last night. Major US indexes fell late on Wednesday, with the Nasdaq 100 and Russell 2000 down more than 3% and the Dow Jones down 1.5%. The central bank president warned that there remains significant uncertainty … Read more
Wall Street rebounds while waiting for the Fed Equity markets have been trying to gain momentum since Monday ahead of the highly anticipated Fed meeting on Wednesday. The main stock market indices have been gaining ground since the start of the week, with the S&P 500 gaining 0.69% on Monday after starting the session in … Read more
EUR/USD dithers around near-term parity In terms of technical analysis, nothing has really happened to the exchange rate since it broke through the parity threshold in mid-August. EUR/USD dithers around this threshold, inside its Bollinger bands and its long-term descending channel. The bottom outlook remains technically bearish inside this channel and below the 200 session … Read more
The SMI ends up falling while waiting for Jerome Powell While the Swiss stock market showed resilience in the face of renewed risk aversion in the markets since last week, buyers finally let go on Tuesday. The SMI fell 1.4%, pulled down by 18 of its 20 stocks, including its three behemoths Nestlé (-1.8%), Roche … Read more