A few days ago, the Nasdaq dropped into correction territory. That is
when the market falls more than 10% from the most recent high. Because the
Nasdaq is heavily weighted in tech stocks, many analysts explained this move as
a ‚rebalancing‘ away from higher valuation stock

US December core PCE 4.9% vs 4.8% expected
Dallas Fed trimmed mean PCE price index 3.9% annualized versus 4.4% last month
Initial Atlanta Fed GDP tracker for Q1 points to nil growth
NZDUSD down for the 7th consecutive day
Fed’s Kashkari: Long end of the yield curve is signaling

The 3 major indices (Dow, S&P and Nasdaq) rode a wave of buying higher on the day, closed at the highs and just like that, erased the declines for the week. 

The Dow, S&P and Nasdaq each had best day of the new year
Dow and S&P posted their first weekly gain in four weeks
NASDAQ posts i

The volatility in equities continues. There was an air pocket in US stocks an hour ago but they’ve quickly rebounded and now the S&P 500 is at the highs of the day, up 64 points to 4390.

EURUSD keeps the seller in firm control

The EURUSD is looking to go into the weekend with the bearish bias intact. 
Looking at the four hour chart above, the pair fell below the low from 2021 (from November) during yesterday’s trade at 1.11853. The corrective move off of the low today a

The calendar week starting January 31 has a number of key earnings releases which could impact the market. Some of the leading names include Alphabet, AMD, Starbucks, Exxon Mobil, PayPal, Amazon, Ford, GM.Below is a list of the earnings and scheduled day:Monday Jan 31AlibabaTuesday Feb 1AlphabetElec

S&P 500 futures -0.2%
Nasdaq futures +0.3%
Dow futures -0.3%

Despite the earlier optimism, it belies the more tentative and guarded mood in the market overall. Equities have been all over the place in US trading this week and today may be no different. In trading yesterday, stocks clo

The drop below 0.6700 last week was the crucial element in driving the declines for NZD/USD as of late but the stronger dollar and more hawkish Fed certainly exacerbated that sentiment.As a result, the pair is now finding itself on the verge of seven straight days of declines – down another 0.4%

The British pound might
continue falling: this possibility is supported by several fundamental and
technical factors. Aggressive policy of the US Fed and the expected growth of
the dollar will make the pound retreat faster than it is doing now.
Speeding-up
inflation

Prior +1.7%GDP (non-seasonally adjusted) +1.4% y/yPrior +2.5%GDP (working day adjusted) +1.4% y/yPrior +2.5%Apologies as there is a bit of a delay on the post due to technical difficulties. The German economy contracted more than expected in Q4 last year, owing to the spread of omicron and restricti