As predicted at the end of March in the second quarter forecast, EUR/USD rallied strongly in Q2, rising from a low of 1.1704 on March 31 to a high of 1.2266 on May 25 before dropping back.
Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead
US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened.
Markets Week Ahead: Euro, Dollar, Gold, S&P 500, Fed, Earnings, Inflation
Markets swung wildly last week as fears over the delta variant of covid bulged then faded. EUR/USD, gold, and S&P 500 volatility is poised to linger with the Fed, earnings, and inflation in focus.
The jitters abate going into North American trading
Risk a little softer still but the overall mood is much better now
As mentioned earlier, with Chinese markets closed for the day, the market may be able to breathe easier that the bleeding has stopped and knowing the fact that Wall Street also has a knack for buying up dips as seen over the past
As mentioned earlier, with Chinese markets closed for the day, the market may be able to breathe easier that the bleeding has stopped and knowing the fact that Wall Street also has a knack for buying up dips as seen over the past
UK July CBI retailing reported sales 23 vs 25 prior
Latest data released by CBI – 27 July 2021
– Prior 25
Of note, the retail sales expectations balance was 29 for the month ahead in August as opposed to 46 as seen in July previously. CBI notes that stock levels to expected sales reached another record low this month and is expected to remain low in
– Prior 25
Of note, the retail sales expectations balance was 29 for the month ahead in August as opposed to 46 as seen in July previously. CBI notes that stock levels to expected sales reached another record low this month and is expected to remain low in
Risk continues to keep more defensive for the time being
The sour tones from China weighed on sentiment earlier but the bleeding has stopped as local markets are closed now
That is perhaps helping to see the pullback in risk trades abate slightly as the focus now turns towards European trading and attention turning back to the Fed tomorrow.
That is perhaps helping to see the pullback in risk trades abate slightly as the focus now turns towards European trading and attention turning back to the Fed tomorrow.
ECB’s Holzmann: ECB to discuss policy in September alongside forecasts
Holzmann says there is too much uncertainty now for policy decisions
A lot will depend on how economic releases play out in the weeks ahead but perhaps more importantly, how the virus trend in Europe is progressing amid the spread of the delta variant. If not September, the ECB will have to communicate something by December
A lot will depend on how economic releases play out in the weeks ahead but perhaps more importantly, how the virus trend in Europe is progressing amid the spread of the delta variant. If not September, the ECB will have to communicate something by December