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Thursday, September 12, 2024

European Markets Wrap-Up: S&P 500 Technical Analysis – Back inside the old range

S&P 500 Technical Analysis – Back inside the old range

Fundamental Overview Yesterday, we got the US CPI report and, although as expected it didn't have the same large impact as it used to, the core m/m figure surprised to the upside. The data triggered a... 

tranche

Euro remains boxed in ahead of the ECB later

In FX, the changes are light overall with dollar pairs keeping in relatively narrow ranges thus far today. The euro is in focus amid the ECB later but there shouldn't be any real surprises from the de... 

IEA warns that China slowdown will continue to weigh on global oil demand growth

The IEA kept their forecasts for global oil demand broadly unchanged, seen at 900k bpd this year and 950k bpd for next year. That said, these numbers are way more pessimistic than other forecasters. T... 

Nasdaq Technical Analysis – Incredible rally after the US CPI report

Fundamental Overview Yesterday, we got the US CPI report and, although as expected it didn't have the same large impact as it used to, the core m/m figure surprised to the upside. The data triggered a... 

China reportedly to cut interest rates on $5 trillion mortgages as soon as this month

This is mainly to further reduce borrowing costs and to try and bolster consumption activity. Domestic demand conditions in China have suffered greatly ever since the Covid pandemic and there hasn't b... 

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Latest Forex Orders

FX option expiries for 12 September 10am New York cut

There are quite a number to take note of, as highlighted in bold . The first ones are for EUR/USD and they are layered from 1.1000 through to 1.1050. That sort of keeps a lock on things until we get t... 

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