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Friday, January 10, 2025

European Markets Wrap-Up: Nasdaq Technical Analysis - The market awaits the US data for direction

Nasdaq Technical Analysis - The market awaits the US data for direction

Fundamental Overview The Nasdaq has been stuck in a big range since the last FOMC decision as the market perceived it as more hawkish than expected. The Fed continues to place a great deal on inflatio... 

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Fed's Musalem pushes caution on further reducing interest rates

Last month's decision to cut rates was a "close call" The economic outlook now is much different from when the Fed started cutting rates last year The risk that inflation might get stuck between 2.5%... 

S&P 500 Technical Analysis - Awaiting the key US data for the next major move

Fundamental Overview The S&P 500 has been stuck in a big range since the last FOMC decision as the market perceived it as more hawkish than expected . The Fed continues to place a great deal on in... 

Gold eyes fourth straight day of gains with US jobs report in focus

Gold (XAU/USD) daily chart The precious metal is keeping a solid bounce off its 100-day moving average (red line) to start the new year, now trading up to $2,680 this week. A test of the $2,700 level... 

Russell 2000 Technical Analysis – The focus has switched back to inflation

Fundamental Overview The Russell 2000 has been consolidating around the lows after the quick drop following the FOMC decision in December as the market perceived it as more hawkish than expected. The... 

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FX option expiries for 10 January 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . The first one is for EUR/USD at the 1.0300 level once again. That is likely to help keep a lid on price action until we get to t... 

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