📈 #Market #Indices #TradingDay
🏛 What's happening today in the market?
🔙 Previous trading day. Indices continued the upward trend, moving near important maximum levels from 2021-2023. SPX maintained its growth momentum, surpassing the July 2023 highs, hovering around the level of 4630. NQ also showed a continuation of the upward trend, moving near the 2021 highs and the level of 16600.
🔆 Today. It is crucial for indices to maintain positions above local support levels at 16000 for NQ and 4560 for SPX to avoid a pullback from current levels and ensure the possibility of further growth if the nearest levels at 16600 for NQ and 4630 for SPX are breached.
🔎 What's driving the market now?
(1) Bond yields and the dollar declined ahead of U.S. economic data.
(2) Traders await U.S. inflation data and the Federal Reserve meeting this week.
(3) The yen rebounded after its sharpest decline in over a month.
📊 Sectors
Cyclical sectors continued their upward momentum, with XRT, ITA, and XLI leading the upward movement ahead of the market. Growth sectors demonstrated mixed dynamics, with SOXX, XLK, and IBB showing the most significant growth, outperforming the market, while MJ and XLC lagged behind, experiencing a local pullback. Defensive sectors showed growth dynamics, with XLP and XLU bouncing off local trend levels, and XLV breaking through resistance in the form of a local maximum.
💼 Stock News
(+) NVDA - U.S. Department of Commerce Head stated that Nvidia "can, will, and should sell AI chips to China" for commercial purposes.
(+) XLP - HSBC believes that 2024 should be a more normal year for the consumer goods sector after a prolonged downturn.
(=) LLY - Patients taking Eli Lilly's obesity drug, tirzepatide, regained weight after discontinuing therapy.
(+) META - Meta Platforms is BofA's top pick among large-cap companies for the online media sector in 2024.
(+) BA - Boeing received an order for 6 Chinook helicopters from the U.S. Army worth $271 million.
(+) AMZN, GOOGL - According to Goldman Sachs, Amazon and Google will be major winners in the AI race in 2024 and beyond.
(+) AVGO - Broadcom is rising after Citi resumed coverage with a Buy rating, seeing strength in its core business.
(+) OXY - Occidental Petroleum and Devon upgraded to Overweight at Morgan Stanley.
(+) JETS - Booking trends for airline tickets have strengthened by +10.7% in recent weeks, according to BofA.
(+) NKE - Citi rates Nike as Buy. The bank is more optimistic about Nike's ability to protect profits in 2024 and 2025.
🌐 Intermarket Analysis
Oil attempted a local rebound, approaching resistance at 72.6 and the 50-MA. Bond yields retreated from the edges of the sloping channel and the 4.3% level after an attempt to rise. VIX continues to move near lows after attempts at local growth. Gold is trying to rebound locally from the lower boundary of the rising channel and the 2000 level.
🗣 Market Discussed Topics
Goldman says: "Buy the Dip" if stocks fall after the review of Federal Reserve rate cuts. Unexpectedly strong hiring figures in November led to a reassessment of Federal Reserve rate hike expectations. Meanwhile, swap contracts indicate that investors consider a rate cut in March unlikely. After a $4 trillion rally since October, there is a possibility of stock weakening as the market may reassess the future interest rate trajectory. However, any pullback according to this premise will be considered a fakeout and a good opportunity to rebalance or buy on the dip. GS believes in the quality factor, and large caps will be stronger than the market, and despite seemingly high valuations, GS believes there is growth potential. #Investing #Economy
🏛 What's happening today in the market?
🔙 Previous trading day. Indices continued the upward trend, moving near important maximum levels from 2021-2023. SPX maintained its growth momentum, surpassing the July 2023 highs, hovering around the level of 4630. NQ also showed a continuation of the upward trend, moving near the 2021 highs and the level of 16600.
🔆 Today. It is crucial for indices to maintain positions above local support levels at 16000 for NQ and 4560 for SPX to avoid a pullback from current levels and ensure the possibility of further growth if the nearest levels at 16600 for NQ and 4630 for SPX are breached.
🔎 What's driving the market now?
(1) Bond yields and the dollar declined ahead of U.S. economic data.
(2) Traders await U.S. inflation data and the Federal Reserve meeting this week.
(3) The yen rebounded after its sharpest decline in over a month.
📊 Sectors
Cyclical sectors continued their upward momentum, with XRT, ITA, and XLI leading the upward movement ahead of the market. Growth sectors demonstrated mixed dynamics, with SOXX, XLK, and IBB showing the most significant growth, outperforming the market, while MJ and XLC lagged behind, experiencing a local pullback. Defensive sectors showed growth dynamics, with XLP and XLU bouncing off local trend levels, and XLV breaking through resistance in the form of a local maximum.
💼 Stock News
(+) NVDA - U.S. Department of Commerce Head stated that Nvidia "can, will, and should sell AI chips to China" for commercial purposes.
(+) XLP - HSBC believes that 2024 should be a more normal year for the consumer goods sector after a prolonged downturn.
(=) LLY - Patients taking Eli Lilly's obesity drug, tirzepatide, regained weight after discontinuing therapy.
(+) META - Meta Platforms is BofA's top pick among large-cap companies for the online media sector in 2024.
(+) BA - Boeing received an order for 6 Chinook helicopters from the U.S. Army worth $271 million.
(+) AMZN, GOOGL - According to Goldman Sachs, Amazon and Google will be major winners in the AI race in 2024 and beyond.
(+) AVGO - Broadcom is rising after Citi resumed coverage with a Buy rating, seeing strength in its core business.
(+) OXY - Occidental Petroleum and Devon upgraded to Overweight at Morgan Stanley.
(+) JETS - Booking trends for airline tickets have strengthened by +10.7% in recent weeks, according to BofA.
(+) NKE - Citi rates Nike as Buy. The bank is more optimistic about Nike's ability to protect profits in 2024 and 2025.
🌐 Intermarket Analysis
Oil attempted a local rebound, approaching resistance at 72.6 and the 50-MA. Bond yields retreated from the edges of the sloping channel and the 4.3% level after an attempt to rise. VIX continues to move near lows after attempts at local growth. Gold is trying to rebound locally from the lower boundary of the rising channel and the 2000 level.
🗣 Market Discussed Topics
Goldman says: "Buy the Dip" if stocks fall after the review of Federal Reserve rate cuts. Unexpectedly strong hiring figures in November led to a reassessment of Federal Reserve rate hike expectations. Meanwhile, swap contracts indicate that investors consider a rate cut in March unlikely. After a $4 trillion rally since October, there is a possibility of stock weakening as the market may reassess the future interest rate trajectory. However, any pullback according to this premise will be considered a fakeout and a good opportunity to rebalance or buy on the dip. GS believes in the quality factor, and large caps will be stronger than the market, and despite seemingly high valuations, GS believes there is growth potential. #Investing #Economy
📈 Indices continue moving towards highs, maintaining growth near levels of 2021-2023. #market #finance
🔍 What happened in the last trading day? SPX and NQ continued their upward trend, approaching levels of 4655 and 16600 respectively. #trading #stocks
🔆 Today, it's crucial to hold positions above support levels (16000 for NQ, 4560 for SPX) to prevent a pullback and ensure the possibility of further growth. #investing #stockmarket
📊 What's on the market's radar?
1. The Federal Reserve's meeting today.
2. Xi Jinping disappoints investors.
3. The dollar remains stable.
4. Traders closely watching Powell's signals regarding policy. #economy #financialnews
💼 Stock News:
- MSFT develops an innovative AI model.
- SNAP attracts 7 million new subscribers.
- NKE leads in clothing production according to Goldman. #stocks #marketnews
🌐 Intermarket Analysis:
- Oil is declining, approaching levels from the summer of 2023.
- Yield moves along the borders of a sloping channel (4.2%).
- VIX is decreasing towards 2019 levels.
- Gold tests the lower boundary of the growing channel. #globalmarkets #marketanalysis
🗣 Market Discussed Topics:
- The Fed is not ready for rate cuts.
- Expectations of maintaining interest rates at a stable level.
- The Federal Open Market Committee will keep rates in the range of 5.25%-5.5%. #fedreserve #economicnews
🔍 What happened in the last trading day? SPX and NQ continued their upward trend, approaching levels of 4655 and 16600 respectively. #trading #stocks
🔆 Today, it's crucial to hold positions above support levels (16000 for NQ, 4560 for SPX) to prevent a pullback and ensure the possibility of further growth. #investing #stockmarket
📊 What's on the market's radar?
1. The Federal Reserve's meeting today.
2. Xi Jinping disappoints investors.
3. The dollar remains stable.
4. Traders closely watching Powell's signals regarding policy. #economy #financialnews
💼 Stock News:
- MSFT develops an innovative AI model.
- SNAP attracts 7 million new subscribers.
- NKE leads in clothing production according to Goldman. #stocks #marketnews
🌐 Intermarket Analysis:
- Oil is declining, approaching levels from the summer of 2023.
- Yield moves along the borders of a sloping channel (4.2%).
- VIX is decreasing towards 2019 levels.
- Gold tests the lower boundary of the growing channel. #globalmarkets #marketanalysis
🗣 Market Discussed Topics:
- The Fed is not ready for rate cuts.
- Expectations of maintaining interest rates at a stable level.
- The Federal Open Market Committee will keep rates in the range of 5.25%-5.5%. #fedreserve #economicnews
Anticipated Changes in PMI USA: Decrease from 49.4 to 49.3
The expected decline in the Purchasing Managers' Index (PMI) of the United States, from 49.4 to 49.3, is generating interest in the financial world. PMI, a measure of business activity in the manufacturing sector, serves as a crucial economic indicator. The projected changes may have an impact on various financial instruments.
Hashtags:
#PMI #Economy #Finance #Stocks #Bonds #Currencies #Commodities #CentralBanks #Forecast #Indicator #FinancialMarkets
The expected decline in the Purchasing Managers' Index (PMI) of the United States, from 49.4 to 49.3, is generating interest in the financial world. PMI, a measure of business activity in the manufacturing sector, serves as a crucial economic indicator. The projected changes may have an impact on various financial instruments.
Hashtags:
#PMI #Economy #Finance #Stocks #Bonds #Currencies #Commodities #CentralBanks #Forecast #Indicator #FinancialMarkets
How We Use the Information Above
The Purchasing Managers' Index (PMI) is a crucial economic indicator that gauges business activity in the manufacturing sector. Derived from procurement managers' surveys, it offers insights into the current state of the industry. In the context of the United States, PMI USA reflects the manufacturing sector's situation in the country.
Measurement of PMI:
- PMI values typically range from 0 to 100.
- Values above 50 indicate expansion in production, while values below 50 signal contraction.
- Higher PMI values are considered indicative of favorable conditions in the manufacturing sector.
Impact of PMI on Financial Instruments:
1. Stocks:
- An increase in PMI can be seen as a positive signal for stocks, especially those concentrated in the manufacturing sector. Business activity growth may suggest promising profit prospects.
2. Bonds:
- Rising PMI may intensify demand for high-yield assets, potentially leading to a decline in bond prices, particularly fixed-income government bonds.
3. Currencies:
- PMI growth can strengthen the national currency, signaling economic stability and attractiveness to investors.
4. Commodities:
- Commodity markets, such as oil and metals, may react to changes in PMI as increased production can boost raw material demand.
5. Central Banks:
- Central bank decisions may hinge on PMI data. A stable economic growth (high PMI) might prompt central banks to consider raising interest rates to curb inflation.
Direct Correlations:
Direct correlations between PMI and financial instruments can be observed, especially in the short term. For instance, a sharp decline in PMI may lead investors to anticipate its impact on company profits, potentially triggering stock sell-offs and a shift toward risk-free assets like government bonds.
It's important to note that financial markets are complex, and many factors can influence their movements. PMI is just one indicator that should be considered in the context of other economic data and geopolitical events. #PMI #Economy #Finance #Stocks #Bonds #Currencies #Commodities #CentralBanks #Forecast #Indicator #FinancialMarkets
The Purchasing Managers' Index (PMI) is a crucial economic indicator that gauges business activity in the manufacturing sector. Derived from procurement managers' surveys, it offers insights into the current state of the industry. In the context of the United States, PMI USA reflects the manufacturing sector's situation in the country.
Measurement of PMI:
- PMI values typically range from 0 to 100.
- Values above 50 indicate expansion in production, while values below 50 signal contraction.
- Higher PMI values are considered indicative of favorable conditions in the manufacturing sector.
Impact of PMI on Financial Instruments:
1. Stocks:
- An increase in PMI can be seen as a positive signal for stocks, especially those concentrated in the manufacturing sector. Business activity growth may suggest promising profit prospects.
2. Bonds:
- Rising PMI may intensify demand for high-yield assets, potentially leading to a decline in bond prices, particularly fixed-income government bonds.
3. Currencies:
- PMI growth can strengthen the national currency, signaling economic stability and attractiveness to investors.
4. Commodities:
- Commodity markets, such as oil and metals, may react to changes in PMI as increased production can boost raw material demand.
5. Central Banks:
- Central bank decisions may hinge on PMI data. A stable economic growth (high PMI) might prompt central banks to consider raising interest rates to curb inflation.
Direct Correlations:
Direct correlations between PMI and financial instruments can be observed, especially in the short term. For instance, a sharp decline in PMI may lead investors to anticipate its impact on company profits, potentially triggering stock sell-offs and a shift toward risk-free assets like government bonds.
It's important to note that financial markets are complex, and many factors can influence their movements. PMI is just one indicator that should be considered in the context of other economic data and geopolitical events. #PMI #Economy #Finance #Stocks #Bonds #Currencies #Commodities #CentralBanks #Forecast #Indicator #FinancialMarkets
"Today's decrease in the total number of drilling rigs in the United States by Baker Hughes to 625 (compared to the previous figure of 626) has captured the attention of experts and investors. This indicator, often considered in the analysis of the oil and gas industry, may impact energy production, employment, and financial markets. #OilandGasIndustry #Economy #FinancialMarkets #BakerHughes #DrillingRigs"
"The number of active drilling rigs from Baker Hughes is a key indicator commonly used to assess the current state of the oil and gas industry. This metric reflects the quantity of drilling rigs actively operating at the present time. The impact of this number can be substantial, and its analysis can provide insights into various aspects of the economy and finance.
Impact on the economy:
1. Oil and gas production: An increase in the number of active drilling rigs typically signals a rise in oil and gas extraction. This can positively impact the economies of countries dependent on revenue from oil and gas resources.
2. Employment: Higher activity in the oil and gas industry leads to the creation of new jobs in the sector, potentially positively influencing overall employment.
3. Investments: An uptick in the number of drilling rigs can stimulate investments in the oil and gas sector, subsequently influencing the investment climate in a country.
Impact on financial instruments:
1. Oil and gas prices: The activity of drilling rigs can influence the supply of oil and gas. Increased activity may lead to higher supply, potentially exerting pressure on oil and gas prices.
2. Energy company stocks: The growth in the number of active drilling rigs is often associated with an increase in the stocks of companies in the oil and gas sector. Investors may monitor this indicator to forecast movements in the stock market.
3. Energy company bonds: Changes in the oil and gas industry can impact the bonds of companies in this sector. Risks and returns are linked to economic conditions and changes in energy resource extraction.
In summary, the number of active drilling rigs from Baker Hughes is a crucial indicator that can provide information about the current state and prospects of the oil and gas industry, and by extension, the economy and financial markets. #OilandGasIndustry #Economy #FinancialMarkets #BakerHughes #DrillingRigs #FreshForecast #FRESHFORECAST"
Impact on the economy:
1. Oil and gas production: An increase in the number of active drilling rigs typically signals a rise in oil and gas extraction. This can positively impact the economies of countries dependent on revenue from oil and gas resources.
2. Employment: Higher activity in the oil and gas industry leads to the creation of new jobs in the sector, potentially positively influencing overall employment.
3. Investments: An uptick in the number of drilling rigs can stimulate investments in the oil and gas sector, subsequently influencing the investment climate in a country.
Impact on financial instruments:
1. Oil and gas prices: The activity of drilling rigs can influence the supply of oil and gas. Increased activity may lead to higher supply, potentially exerting pressure on oil and gas prices.
2. Energy company stocks: The growth in the number of active drilling rigs is often associated with an increase in the stocks of companies in the oil and gas sector. Investors may monitor this indicator to forecast movements in the stock market.
3. Energy company bonds: Changes in the oil and gas industry can impact the bonds of companies in this sector. Risks and returns are linked to economic conditions and changes in energy resource extraction.
In summary, the number of active drilling rigs from Baker Hughes is a crucial indicator that can provide information about the current state and prospects of the oil and gas industry, and by extension, the economy and financial markets. #OilandGasIndustry #Economy #FinancialMarkets #BakerHughes #DrillingRigs #FreshForecast #FRESHFORECAST"
# Today: Consumer Confidence Index (CCI) in the USA
Every month, the Conference Board (CB) publishes the Consumer Confidence Index, measuring the confidence of consumers in the economy. This index is based on surveys of households, evaluating their perception of the current economic situation and expectations for the future.
## Impact on Financial Instruments:
1. Stocks
Increased consumer confidence can stimulate the rise of stock prices. Confident consumers are generally more inclined to consume, positively affecting company profits.
2. Consumer Loans
A rise in consumer confidence may contribute to increased consumer spending and loans, influencing the market for consumer credit and banking products.
3. Currency Market
Changes in the consumer confidence index can impact the currency market by affecting domestic demand and economic activity.
4. Bonds
With increased consumer confidence, investors may pay more attention to risky assets, potentially reducing demand for safe investments such as government bonds.
5. Consumer Companies
Companies directly linked to the consumer sector may be influenced by changes in the Consumer Confidence Index, affecting their shareholder value.
Investors and traders closely monitor the Consumer Confidence Index as it provides crucial insights into the current state of the economy and future trends in consumer demand. A proper understanding of these factors helps make more informed decisions in financial markets. #ConsumerConfidenceIndex #CCI #FinancialMarkets #Economy #Investments #Stocks #Loans #CurrencyMarket #Bonds #ConsumerCompanies #ConferenceBoard #Today'sInsights
Every month, the Conference Board (CB) publishes the Consumer Confidence Index, measuring the confidence of consumers in the economy. This index is based on surveys of households, evaluating their perception of the current economic situation and expectations for the future.
## Impact on Financial Instruments:
1. Stocks
Increased consumer confidence can stimulate the rise of stock prices. Confident consumers are generally more inclined to consume, positively affecting company profits.
2. Consumer Loans
A rise in consumer confidence may contribute to increased consumer spending and loans, influencing the market for consumer credit and banking products.
3. Currency Market
Changes in the consumer confidence index can impact the currency market by affecting domestic demand and economic activity.
4. Bonds
With increased consumer confidence, investors may pay more attention to risky assets, potentially reducing demand for safe investments such as government bonds.
5. Consumer Companies
Companies directly linked to the consumer sector may be influenced by changes in the Consumer Confidence Index, affecting their shareholder value.
Investors and traders closely monitor the Consumer Confidence Index as it provides crucial insights into the current state of the economy and future trends in consumer demand. A proper understanding of these factors helps make more informed decisions in financial markets. #ConsumerConfidenceIndex #CCI #FinancialMarkets #Economy #Investments #Stocks #Loans #CurrencyMarket #Bonds #ConsumerCompanies #ConferenceBoard #Today'sInsights
# Today: Changes in Crude Oil Reserves and Their Impact on the Economy
The Energy Information Administration (EIA) regularly assesses the weekly increase in barrels of commercial crude oil held by American firms. These crude oil reserve data are a crucial indicator influencing various aspects of the economy.
## Impact on Prices and the Economy:
1. Oil Product Prices:
Changes in crude oil reserves directly affect oil product prices. Increased reserves often lead to price reductions due to an excess of supply.
2. Influence on Inflation:
Prices of oil products have a direct impact on inflation. Elevated fuel and energy prices can increase overall expenditures and production costs, potentially raising inflation.
3. Economic Forces:
Crude oil reserves serve as a key indicator of economic health, reflecting the balance between supply and demand. They influence investments and overall economic stability.
## Today's News:
According to the latest data from the EIA, we observe changes in crude oil reserve metrics. This may impact the energy market and elicit reactions in financial circles.
#Oil #Energy #Economy #Inflation #CrudeOilReserves #EIA #EnergyMarket #Finance #CrudeOil #Investments
Investors and market participants will closely monitor these changes, and a proper understanding of their impact aids in making informed decisions in financial markets.
The Energy Information Administration (EIA) regularly assesses the weekly increase in barrels of commercial crude oil held by American firms. These crude oil reserve data are a crucial indicator influencing various aspects of the economy.
## Impact on Prices and the Economy:
1. Oil Product Prices:
Changes in crude oil reserves directly affect oil product prices. Increased reserves often lead to price reductions due to an excess of supply.
2. Influence on Inflation:
Prices of oil products have a direct impact on inflation. Elevated fuel and energy prices can increase overall expenditures and production costs, potentially raising inflation.
3. Economic Forces:
Crude oil reserves serve as a key indicator of economic health, reflecting the balance between supply and demand. They influence investments and overall economic stability.
## Today's News:
According to the latest data from the EIA, we observe changes in crude oil reserve metrics. This may impact the energy market and elicit reactions in financial circles.
#Oil #Energy #Economy #Inflation #CrudeOilReserves #EIA #EnergyMarket #Finance #CrudeOil #Investments
Investors and market participants will closely monitor these changes, and a proper understanding of their impact aids in making informed decisions in financial markets.
What news today and how they might affect trading briefly:
1. Building Permits:
- Impact: High. An increase may signal economic growth and investor confidence.
- Possible trading reactions: Rise in the US dollar with positive data.
2. Core Durable Goods Orders (MoM) (November):
- Impact: Strong. Measures orders for long-lasting goods excluding transportation and can reflect the state of the industrial sector.
- Possible trading reactions: Rise in the US dollar with positive data, negative impact on stock markets with weak figures.
3. Core PCE Price Index (YoY) (November):
- Impact: Moderate. Preferred inflation indicator for the Federal Reserve.
- Possible trading reactions: Rise in the US dollar with increasing inflation, negative impact on bonds with higher inflation.
4. Core PCE Price Index (MoM) (November):
- Impact: Moderate. Measures monthly changes in the core consumer price index.
- Possible trading reactions: Rise in the US dollar with increasing inflation, negative impact on bonds with higher inflation.
5. New Home Sales (November):
- Impact: Moderate. Reflects demand for new homes and can be an indicator of the overall real estate market.
- Possible trading reactions: Rise in the US dollar with a strengthening real estate sector, impact on the market for construction materials, and stocks of construction companies.
#Economy #Trading #USD #Inflation #Construction #RealEstate #FedReserve #Finance #Investments #Markets #EconomicNews #TradingInstruments #DataAnalysis #FinancialNews
1. Building Permits:
- Impact: High. An increase may signal economic growth and investor confidence.
- Possible trading reactions: Rise in the US dollar with positive data.
2. Core Durable Goods Orders (MoM) (November):
- Impact: Strong. Measures orders for long-lasting goods excluding transportation and can reflect the state of the industrial sector.
- Possible trading reactions: Rise in the US dollar with positive data, negative impact on stock markets with weak figures.
3. Core PCE Price Index (YoY) (November):
- Impact: Moderate. Preferred inflation indicator for the Federal Reserve.
- Possible trading reactions: Rise in the US dollar with increasing inflation, negative impact on bonds with higher inflation.
4. Core PCE Price Index (MoM) (November):
- Impact: Moderate. Measures monthly changes in the core consumer price index.
- Possible trading reactions: Rise in the US dollar with increasing inflation, negative impact on bonds with higher inflation.
5. New Home Sales (November):
- Impact: Moderate. Reflects demand for new homes and can be an indicator of the overall real estate market.
- Possible trading reactions: Rise in the US dollar with a strengthening real estate sector, impact on the market for construction materials, and stocks of construction companies.
#Economy #Trading #USD #Inflation #Construction #RealEstate #FedReserve #Finance #Investments #Markets #EconomicNews #TradingInstruments #DataAnalysis #FinancialNews
Economic Overview on December 26, 2023: Anticipated News and Potential Impacts
Hello, esteemed colleagues! Tomorrow, on December 26, 2023, significant economic events await us. Let's examine how these news items might influence the financial world.
1. Japan Bank Basic CPI (YoY) (08:00 JPY) - Forecast: 3.0%
The anticipated rise in Japan's basic consumer price index can provide insights into the country's economic health. #Japan #Inflation
2. Basic CPI (YoY) (Nov) (08:00 SGD) - Forecast: 3.20%, Actual: 3.30%
Singapore is set to release data on the basic CPI for November. An exceeding forecast may impact local authorities' decisions. #Singapore #Inflation
3. Consumer Price Index (YoY) (Nov) (08:00 SGD) - Forecast: 3.8%, Actual: 4.7%
Singapore's Consumer Price Index is expected to surpass the forecast. How will this affect consumer spending? #CPI #Expenditure
4. S&P/CS Composite-20 HPI (MoM) (Oct) (17:00 USD) - Forecast: 0.2%
Impact on the U.S. real estate market: How will housing prices change in October? #RealEstate #Market
5. S&P/CS Composite-20 HPI Excluding Seasonal Variations (YoY) (Oct) (17:00 USD) - Forecast: 5.0%, Actual: 3.9%
The annual increase in U.S. housing prices may influence buyer and investor decisions. #Housing #Investments
6. 2-Year Treasury Note Auction (21:00 USD) - Average Yield: 4.887%
A bond auction in the U.S.: What does this mean for the financial market and the dollar? #Finance #Bonds
Conclusion:
Stay tuned for updates, discuss events in the comments, and prepare for potential changes in financial markets. Good luck with your investment strategies! #Economy #Finance #Investments #News #FreshForecast #FreshForex
Hello, esteemed colleagues! Tomorrow, on December 26, 2023, significant economic events await us. Let's examine how these news items might influence the financial world.
1. Japan Bank Basic CPI (YoY) (08:00 JPY) - Forecast: 3.0%
The anticipated rise in Japan's basic consumer price index can provide insights into the country's economic health. #Japan #Inflation
2. Basic CPI (YoY) (Nov) (08:00 SGD) - Forecast: 3.20%, Actual: 3.30%
Singapore is set to release data on the basic CPI for November. An exceeding forecast may impact local authorities' decisions. #Singapore #Inflation
3. Consumer Price Index (YoY) (Nov) (08:00 SGD) - Forecast: 3.8%, Actual: 4.7%
Singapore's Consumer Price Index is expected to surpass the forecast. How will this affect consumer spending? #CPI #Expenditure
4. S&P/CS Composite-20 HPI (MoM) (Oct) (17:00 USD) - Forecast: 0.2%
Impact on the U.S. real estate market: How will housing prices change in October? #RealEstate #Market
5. S&P/CS Composite-20 HPI Excluding Seasonal Variations (YoY) (Oct) (17:00 USD) - Forecast: 5.0%, Actual: 3.9%
The annual increase in U.S. housing prices may influence buyer and investor decisions. #Housing #Investments
6. 2-Year Treasury Note Auction (21:00 USD) - Average Yield: 4.887%
A bond auction in the U.S.: What does this mean for the financial market and the dollar? #Finance #Bonds
Conclusion:
Stay tuned for updates, discuss events in the comments, and prepare for potential changes in financial markets. Good luck with your investment strategies! #Economy #Finance #Investments #News #FreshForecast #FreshForex
Gold Poised to End January Lower as Investors Await FOMC Decision
Price:
2033.56 USD
-5.55 (-0.27%)
Market:
Open
Neutral
Technical Analysis:
Neutral
Factors:
FOMC: Investors have scaled back bets on an early rate cut and are awaiting the Fed's decision on February 1st.
Dollar: The DXY dollar index is on track for its best monthly performance since September.
US Economy: Signs of a resilient US economy are raising the likelihood that the Fed will hold rates steady in the near future.
Other Metals:
Palladium: +0.37% to $979.79 an ounce
Silver: -0.3% to $23.09 an ounce
Platinum: -0.17% to $919.39
#gold #fomc #dollar #investment #decline #economy #us #palladium #silver #platinum
Additional Information:
The Federal Open Market Committee (FOMC) is the policymaking body of the Federal Reserve System.
The FOMC meets eight times per year to discuss monetary policy and set interest rates.
The FOMC's decision on February 1st will be closely watched by investors for clues about the future direction of interest rates.
The US dollar is a safe-haven currency that tends to appreciate in value during times of economic uncertainty.
The strength of the US dollar can make gold more expensive for investors who hold other currencies.
The US economy is the world's largest economy and a major driver of global growth.
A strong US economy can boost demand for gold, as investors seek to protect their wealth from inflation.
Disclaimer:
This information is provided for general knowledge purposes only and should not be considered as investment advice. Please consult with a qualified financial advisor before making any investment decisions.
Price:
2033.56 USD
-5.55 (-0.27%)
Market:
Open
Neutral
Technical Analysis:
Neutral
Factors:
FOMC: Investors have scaled back bets on an early rate cut and are awaiting the Fed's decision on February 1st.
Dollar: The DXY dollar index is on track for its best monthly performance since September.
US Economy: Signs of a resilient US economy are raising the likelihood that the Fed will hold rates steady in the near future.
Other Metals:
Palladium: +0.37% to $979.79 an ounce
Silver: -0.3% to $23.09 an ounce
Platinum: -0.17% to $919.39
#gold #fomc #dollar #investment #decline #economy #us #palladium #silver #platinum
Additional Information:
The Federal Open Market Committee (FOMC) is the policymaking body of the Federal Reserve System.
The FOMC meets eight times per year to discuss monetary policy and set interest rates.
The FOMC's decision on February 1st will be closely watched by investors for clues about the future direction of interest rates.
The US dollar is a safe-haven currency that tends to appreciate in value during times of economic uncertainty.
The strength of the US dollar can make gold more expensive for investors who hold other currencies.
The US economy is the world's largest economy and a major driver of global growth.
A strong US economy can boost demand for gold, as investors seek to protect their wealth from inflation.
Disclaimer:
This information is provided for general knowledge purposes only and should not be considered as investment advice. Please consult with a qualified financial advisor before making any investment decisions.
"Pound Sterling Under Pressure: Impact of the Dollar Index on GBP/USD"
Pound sterling continues to decline for the second consecutive session, dropping to 1.2607 during Asian trading. The strengthening of the US Dollar (DXY), reaching an eight-week high, is putting pressure on GBP/USD.
Positive market sentiments, driven by the US labor market report, reinforce expectations of maintaining Fed rates. The economic analysis from the Bank of England also indicates no need for a rate cut in the near future.
Traders await the release of the ISM Services PMI in the US to gain additional signals about the labor market's condition. It is recommended to place a sell order for GBP/USD below the price level of 1.2615.
#Pound #Dollar #GBPUSD #Trading #Economy #BankOfEngland
Pound sterling continues to decline for the second consecutive session, dropping to 1.2607 during Asian trading. The strengthening of the US Dollar (DXY), reaching an eight-week high, is putting pressure on GBP/USD.
Positive market sentiments, driven by the US labor market report, reinforce expectations of maintaining Fed rates. The economic analysis from the Bank of England also indicates no need for a rate cut in the near future.
Traders await the release of the ISM Services PMI in the US to gain additional signals about the labor market's condition. It is recommended to place a sell order for GBP/USD below the price level of 1.2615.
#Pound #Dollar #GBPUSD #Trading #Economy #BankOfEngland
"Japanese Yen Under Pressure: Dynamics of USD/JPY and Global Factors' Influence"
The Japanese yen is experiencing sales pressure for the second consecutive day, reaching a new low for the year against the US Dollar. Despite the Bank of Japan's policy tightening, the recent bull market on global stock exchanges is considered a key factor undermining the yen's relative status as a safe currency.
Impressive employment data released on Friday in the US highlights the economy's good shape, allowing the Federal Reserve to maintain high-interest rates for a more extended period. It lifts the US Dollar (USD) to its highest level since December 11, providing additional support to the USD/JPY pair.
Traders are awaiting the release of the ISM Services PMI in the US, along with monitoring geopolitical tensions and China's economic problems. Risk sentiments may create trading opportunities for USD/JPY.
Trading Recommendation: It is recommended to place a buy order for USD/JPY from the current price level.
#Yen #Dollar #USDJPY #Trading #Economy #Fed
The Japanese yen is experiencing sales pressure for the second consecutive day, reaching a new low for the year against the US Dollar. Despite the Bank of Japan's policy tightening, the recent bull market on global stock exchanges is considered a key factor undermining the yen's relative status as a safe currency.
Impressive employment data released on Friday in the US highlights the economy's good shape, allowing the Federal Reserve to maintain high-interest rates for a more extended period. It lifts the US Dollar (USD) to its highest level since December 11, providing additional support to the USD/JPY pair.
Traders are awaiting the release of the ISM Services PMI in the US, along with monitoring geopolitical tensions and China's economic problems. Risk sentiments may create trading opportunities for USD/JPY.
Trading Recommendation: It is recommended to place a buy order for USD/JPY from the current price level.
#Yen #Dollar #USDJPY #Trading #Economy #Fed
USDJPY: Watch Level 150.00
USDJPY rises for a second day. Japanese officials warn against FX market speculation.
Japan's economy unexpectedly shrinks again in Q4.
US Fed seen keeping rates higher for longer.
Trade recommendation:
Monitor 150.00 level, buy on bounces.
#USDJPY #Dollar #Yen #Fed #Inflation #Economy #Forex #Analysis
USDJPY rises for a second day. Japanese officials warn against FX market speculation.
Japan's economy unexpectedly shrinks again in Q4.
US Fed seen keeping rates higher for longer.
Trade recommendation:
Monitor 150.00 level, buy on bounces.
#USDJPY #Dollar #Yen #Fed #Inflation #Economy #Forex #Analysis
📊 #ForexNews #Finance #Economy
🔹 The dollar strengthens amid US economic resilience. The dollar has reached a seven-week high against the yen amid growing confidence in the US economy. The euro and pound have weakened.
📈 Recommendation: Consider opening long positions in USD/JPY.
🔹 South African rand slips as new cabinet appointments are awaited.
📉 Recommendation: Avoid open positions in ZAR until political stability is achieved.
🔹 Bearish forecasts for Asian currencies. Analysts continue to hold bearish positions on most Asian currencies due to expectations of higher US interest rates.
📉 Recommendation: Consider opening short positions in JPY and INR against USD.
🔹 Argentina and China extend currency swap, easing fears over Argentina's solvency.
📈 Recommendation: Consider long-term investments in Argentine assets.
🔹 Dollar weakens following US inflation data, potentially increasing the attractiveness of cryptocurrencies.
📈 Recommendation: Consider purchasing BTC and ETH.
🔹 The dollar strengthens amid US economic resilience. The dollar has reached a seven-week high against the yen amid growing confidence in the US economy. The euro and pound have weakened.
📈 Recommendation: Consider opening long positions in USD/JPY.
🔹 South African rand slips as new cabinet appointments are awaited.
📉 Recommendation: Avoid open positions in ZAR until political stability is achieved.
🔹 Bearish forecasts for Asian currencies. Analysts continue to hold bearish positions on most Asian currencies due to expectations of higher US interest rates.
📉 Recommendation: Consider opening short positions in JPY and INR against USD.
🔹 Argentina and China extend currency swap, easing fears over Argentina's solvency.
📈 Recommendation: Consider long-term investments in Argentine assets.
🔹 Dollar weakens following US inflation data, potentially increasing the attractiveness of cryptocurrencies.
📈 Recommendation: Consider purchasing BTC and ETH.
📊 #StockMarketNews #Finance #Economy
🔹 US Stock Market Update
The major US stock indices showed mixed results this week. The S&P 500 slightly decreased by 0.2%, while the Nasdaq Composite experienced a modest rise of 0.3%. Investors remain cautious ahead of the Federal Reserve meeting next week, where more insights into future interest rate decisions are expected. The Dow Jones Industrial Average ended the week with a 0.5% decline, primarily driven by weaker-than-expected corporate earnings from several blue-chip companies.
📈 Recommendation: Considering the current market sentiment, it might be prudent to maintain a diversified portfolio and closely monitor the outcomes of the Fed meeting.
🔹 European Markets in Focus
European stock markets also faced some turbulence. The FTSE 100 in the UK fell by 0.4% as Brexit uncertainties continue to weigh on investor confidence. In contrast, the DAX in Germany posted a 0.6% gain, bolstered by strong performance in the automotive sector.
📉 Recommendation: Investors should remain cautious and keep an eye on geopolitical developments that might impact European markets.
🔹 Asian Markets Performance
Asian markets experienced mixed results as well. The Nikkei 225 in Japan climbed by 1.2% thanks to favorable economic data, while the Hang Seng Index in Hong Kong dropped by 0.8% due to ongoing political tensions.
📈 Recommendation: Asian markets offer both opportunities and risks. Diversification within the region could mitigate potential volatility.
🔹 US Stock Market Update
The major US stock indices showed mixed results this week. The S&P 500 slightly decreased by 0.2%, while the Nasdaq Composite experienced a modest rise of 0.3%. Investors remain cautious ahead of the Federal Reserve meeting next week, where more insights into future interest rate decisions are expected. The Dow Jones Industrial Average ended the week with a 0.5% decline, primarily driven by weaker-than-expected corporate earnings from several blue-chip companies.
📈 Recommendation: Considering the current market sentiment, it might be prudent to maintain a diversified portfolio and closely monitor the outcomes of the Fed meeting.
🔹 European Markets in Focus
European stock markets also faced some turbulence. The FTSE 100 in the UK fell by 0.4% as Brexit uncertainties continue to weigh on investor confidence. In contrast, the DAX in Germany posted a 0.6% gain, bolstered by strong performance in the automotive sector.
📉 Recommendation: Investors should remain cautious and keep an eye on geopolitical developments that might impact European markets.
🔹 Asian Markets Performance
Asian markets experienced mixed results as well. The Nikkei 225 in Japan climbed by 1.2% thanks to favorable economic data, while the Hang Seng Index in Hong Kong dropped by 0.8% due to ongoing political tensions.
📈 Recommendation: Asian markets offer both opportunities and risks. Diversification within the region could mitigate potential volatility.