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Friday, January 31, 2025

European Markets Wrap-Up: Dollar keeps steadier on the session, eyes PCE price data later

Dollar keeps steadier on the session, eyes PCE price data later

The changes among dollar pairs show a bit of a lack of appetite, with the dollar mostly steadier across the board. It is seen up against the euro and yen but marginally lower against the antipodeans.... 

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Nasdaq Technical Analysis – We are testing the "DeepSeek gap"

Fundamental Overview The Nasdaq continues to maintain a positive outlook although it came under some pressure recently as the DeepSeek news weighed on the tech heavy index. The market has been making... 

S&P 500 Technical Analysis – The DeepSeek losses were erased completely

Fundamental Overview The S&P 500 continues to maintain a positive outlook although it came under some pressure recently as the DeepSeek news weighed on overvalued AI stocks. The market has been ma... 

ECB's Müller: It is realistic for inflation to be near 2% by the middle of this year

Rates are nearing the point where they won't curb investment Meanwhile, his colleague Rehn is out saying that they are confident inflation will stabilise at the 2% target as projected. Adding that mon... 

Bavaria January CPI +2.5% vs +3.0% y/y prior

The latest inflation figures from German states released around the same time: Hesse CPI +2.5% vs +2.4% y/y prior Brandenburg CPI +2.3% vs +2.4% y/y prior Saxony CPI +2.4% vs +3.2% y/y prior North Rhi... 

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FX option expiries for 31 January 10am New York cut

There are a couple to take note of on the board for the day, as highlighted in bold . The first being for EUR/USD at the 1.0400 level. The expiries should act as a defensive layer for topside price ac... 

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