Category Archives: Today’s Analysis

US stocks advanced higher on Wednesday, climbing the most in about a month as the global bond market selloff takes a break. The equity market witnessed fresh upside strength after the release of the minutes from the Federal Reserve (Fed) Beige Book, which showed that price growth has slowed in 9 of the 12 districtsContinue Reading

US stocks edged lower on Tuesday, seesawing between gains and losses along the session but gave up ahead of the close amid the bets that the Federal Reserve will stay hawkish on policy tightening. On top of that, recession fears still remained amid the escalating energy crisis, but UK Prime Minister Liz Truss has announcedContinue Reading

British government announces its latest Prime Minister. Liz Truss from the Conservative Party has been elected as Boris Johnson leaves office. Prime Minister Liz Truss’ hawkish reputation soon provided an upward boost to GBP/USD. Meanwhile, US stocks remained closed on Monday amid the Labor Day holiday in the US, causing the trading volumes to maintainContinue Reading

US stocks declined on Friday, continuing its previous slide and suffered a third-week loss despite the US Nonfarm Payrolls data showing some signs of easing in the labour market. The US Nonfarm Payrolls rise by 315K in August, but at a more moderate pace following the 528k increase in July. However, the growing expectations ofContinue Reading

US stocks declined on Thursday, as traders recalibrated rate-hike expectations after central banks across the globe vowed to step up their fights against inflation. Federal Reserve officials in recent days quashed hopes of a dovish pivot, a view that had helped fuel bets that this year’s bear market is over. Since then, investors have beenContinue Reading

US stocks ends at the lowest level in a month, as fresh data pointed to resilience in household and labour demand, affirming the Federal Reserve’s resolve to continue to be aggressive in its fight against inflation. Three regional Fed presidents, in separate remarks on Tuesday, reiterated Chair Jerome Powell’s intention to bring down inflation. AContinue Reading

US stocks declined on Monday, as a realization that interest rates are likely to remain elevated for an extended period continued to force a repricing across assets. Powell’s speech during the Jackson Hole symposium underscored that expectations for any reversal of Fed tightening next year were unlikely unless inflation reverted toward the central bank’s long-termContinue Reading

The US Non-farm Employment Change in the labour data is a primary focus this week, as the Fed’s speech at the 2022 Jackson Hole Symposium on 25-27 August may influence policymakers’ decisions. The US will release data this week on job openings, consumer confidence, and manufacturing activity in the service sector.  Germany and Switzerland willContinue Reading

US stocks tumbled on Friday, as Jerome Powell gave a clear message that rates will likely stay high for some time, throwing cold water on the idea of a Federal Reserve pivot that could jeopardize its war against inflation. Moreover, the Fed chief reiterated that another ”unusually large” hike could be appropriate next month, thoughContinue Reading

US stocks rallied on Thursday, as traders awaited Jerome Powell’s keynote for clues on how much further the Federal Reserve will pump the brakes on the economy to bring inflation back under control.  Investors were mostly unfazed by hawkish comments from Fed officials gathering for the annual conference in Jackson Hole, Wyoming. The Fed’s chairContinue Reading