Markets

Week Ahead: US500 braces for US election/Fed showdown

Fri, 01 Nov 2024 10:16:51 +0000

Week Ahead: US500 braces for US election/Fed showdown Lukman.Otunuga… Fri, 11/01/2024 - 12:16

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FXTM’s US500, which tracks the benchmark S&P 500 index could be rocked by the US jobs report this afternoon. But its outlook may be shaped by the pivotal US election and Fed rate decision in the week ahead.

Bitcoin: Holds breath as US jobs data looms

Thu, 05 Sep 2024 10:44:59 +0000

Bitcoin: Holds breath as US jobs data looms Lukman.Otunuga… Thu, 09/05/2024 - 13:44

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Could Bitcoin be preparing for a significant price move on Friday? The World’s largest cryptocurrency has kicked off September on a shaky note with prices wobbling above the $55,000 support level as of writing.

Trade Of The Week: Nvidia headed for $1000 milestone?

Mon, 20 May 2024 09:17:58 +0000

Trade Of The Week: Nvidia headed for $1000 milestone? Lukman.Otunuga… Mon, 05/20/2024 - 12:17

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In case you missed the memo, Nvidia is set to announce its latest earnings this week! Investors will be looking for another round of stellar results to justify its whooping $2.3 trillion valuation.

Trade Of The Week: Bitcoin Halving vs. Geopolitical Fears

Mon, 15 Apr 2024 09:07:25 +0000

Trade Of The Week: Bitcoin Halving vs. Geopolitical Fears Lukman.Otunuga… Mon, 04/15/2024 - 12:07

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In case you missed the memo, Bitcoin’s halving is almost here! While this is a significant event for the cryptocurrency space, keep a close eye on escalating geopolitical tensions which may heavily impact Bitcoin along with other altcoins.

Week Ahead: SPX500_m primed for heavy event week

Fri, 06 Oct 2023 10:39:53 +0000

Big week for SPX500_m thanks to host of key risk events
Watch out for US CPI, Fed speeches & big bank earnings
SPX500_m bearish but RSI flirting around oversold territory
Fresh fundamental spark could trigger big move
Keep eye on strong support above 200-day SMA

Even as the countdown looms to the highly Read More

Mid-Week Technical Outlook: Indices & Commodities

Wed, 30 Aug 2023 10:20:33 +0000

Global equities rose on Wednesday as weak US economic data overnight boosted hopes for a less hawkish Federal Reserve.

US job openings fell to their lowest level in more than two years while consumer confidence printed weaker than expected – fuelling bets around the Fed having less headroom to keep raising rates. This development weakened the dollar while supporting gold and US equities. Given how several more key U.S. economic indicators are scheduled this week, including the personal consumption expenditures and nonfarm Read More

Week Ahead: ECB Forum & Inflation data in focus

Fri, 23 Jun 2023 10:26:43 +0000

Watch this space because financial markets could end the first half of 2023 with a bang!

Investors will be served another platter of top-tier reports from major economies and key risk events. However, the main focus may be the European Central Bank’s three-day forum in Portugal’s Sintra which kicks off on Monday.

Here is a list of key economic releases and events for the coming week:

Week Ahead: Powell’s Testimony May Move These 3 Markets

Fri, 16 Jun 2023 10:23:00 +0000

Week Ahead: Powell’s Testimony May Move These 3 Markets Lukman.Otunuga… Fri, 06/16/2023 - 13:23

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Global financial markets could see increased volatility over the coming week due to Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress.

Markets Enter Standby Mode

Wed, 07 Jun 2023 06:58:55 +0000

Asian stocks crawled higher on Wednesday, following the positive cues from Wall Street overnight after the S&P 500 closed at its highest level in 2023. However, markets remain cautious despite hopes for stimulus in China with risk sentiment shaky after the World Bank’s warning on the global economic outlook. European futures are pointing to a cautiously positive open despite the industrial production figures for Germany rising less than expected in April. In the currency markets, the dollar seems to be on standby amid the absence of a fresh fundamental spark. Read More

Markets Gripped By US Debt Ceiling Talks

Tue, 23 May 2023 07:27:56 +0000

Markets Gripped By US Debt Ceiling Talks Lukman.Otunuga… Tue, 05/23/2023 - 10:27

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Asian markets gave up earlier gains on Tuesday as investors adopted a cautious stance after US debt ceiling negotiations ended "productive talks" without a deal.