EUR/USD: Powell, PCE inflation and NFP in the sights

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

SMI: Swiss stock market returns close to major resistance

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

Dow Jones: Powell upsets Wall Street, which is starting a reversal

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

S&P 500: attempted rebound while waiting for the Fed

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: the equilibrium exchange rate while waiting for the Fed

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