Equities keep more tentative on the session
I would say market sentiment is more cautious as we await US PCE data later today. Here’s a snapshot of the equity space right now: Eurostoxx 0.1D Germany DAX 0.1D…
US December PCE core inflation +4.4% vs +4.4% expected
Previous was .7D PCE core MoM 0.3% vs 0.3% expected Previous MoM 0.2D Core Inflation PCE 5.0% vs 5.5% before deflator MoM 0.1% vs 0.1% before income and November 2.…
Gold Forecast: Continues to Power Higher
Right now you have a lot of people chasing the market and if you were trading with a reasonable position you could probably be forgiven for doing the same. The…
S&P 500 Forecast: Continues to Find Buyers on Dips
We are currently living around a 200-day EMA, which of course attracts attention. The SandP 500 had a wild day of trading on Thursday as CPI came in as expected.…
USD/JPY Forecast: USD Continues to Recover Against Yen
It was amazing to watch Wall Street just talk about the Fed as if they are not fighting inflation and are more concerned about the stock market and what Wall…
EUR/USD Forecast: Threatening to Break Down after ADP Numbers
Jobs could be a catalyst, but now I think it’s much clearer that the US dollar is still needed and wanted, and the recent pullback in the dollar could present…