After its first policy meeting in 2022, the US
Federal Reserve said it is likely to hike interest rates in March, for the
first time in more than three years and confirmed plans to end its bond
purchases, introduced during the coronavirus pandemic, in the Fed’s battle to
control surging inflation.

Russian Foreign Minister Lavrov Will Speak By Phone With U.S. Blinken On Feb. 1 – Tass~ We will be looking for Russia’s response to the US/NATO proposals, and then the next steps in the Rusia/Ukraine situationReuters are reporting that the United States and its allies have prepared a list of Russian

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%