EUR/USD, GBP/USD Forecast: Two trades to watch
EUR/USD extends gains ahead of ECB Lagarde’s speech. GBP/USD holds steady, awaiting the next catalyst.
Nasdaq 100 Forecast :QQQ hovers around record highs in a quiet start
After soaring in the previous session, US stocks are pointing to a quiet open. Stocks surged to record highs yesterday, inspired by AI chip designer Nvidia's results and outlook. Today the US economic calendar is quiet. Some attention could go to Fed governor Christopher Waller's comments after he pushed back on the need for immediate rate cuts. The USD is set to fall this week - the first weekly decline in 2024.
EUR/USD, Oil Forecast: Two trades to watch
EUR/USD is set for a weekly gains; German data is in focus. Oil is on track for a weekly loss on worries of high rates for longer.
S&P500 Forecast: SPX hits a record high after Nvidia earnings
S&P 500 rises to a fresh all time high after blowout Nvidia results. Nvidia posed a 265% rise in revenue and a 769% rise in net earnings sending the share price 13% higher. Note that profits are rising by more than the share price! The market is overlooking US jobless claims which fell to 201k, supporting the Fed's view that it is too early to cut rates.
DAX, USD/JPY Forecast: Two trades to watch
DAX rises to a record all-time high after Nvidia results & despite mixed PMIs, USD/JPY consolidates around 150.00 ahead of US PMIs & post FOMC minutes.
Nasdaq 100 Forecast: QQQ slips ahead of FOMC minutes, Nvidia earnings
US stocks are heading for a weaker open as investors look cautiously ahead to the release of the minutes to the January FOMC meeting and to Nvidia earnings after the close. Investors will be looking to see whether the minutes push back on rate be expectations and whether Nvidia, the AI chipmaking giant can live up to the hype surrounding its stock and a future with AI.
GBP/USD, EUR/USD Forecast: Two trades to watch
GBP/USD holds above 1.26 ahead of the FOMC minutes. EUR/USD holds above 1.08 as it waits for Fed minutes, eurozone consumer confidence.
GBP/USD drifts lower amid a lack of data
GBP/USD struggles around 1.26, holding onto last week's losses. The pair could continue to drift lower amid a quiet UK economic calendar. This week, US FOMC minutes and UK services PMI data will be in focus.
EUR/USD, FTSE 100 Forecast: Two trades to watch
EUR/USD inches higher but lacks conviction. FTSE 100 struggles as miners fall.
GBP/USD Forecast: BoE and Fed rate cut expectations remain in focus
GBP/USD trades range bound after Fed Powell as good as ruled out a March rate cut and after 2 BoE policymakers voted to raise rates. Rate-cut bets will remain in focus amid a relatively quiet economic calendar.
Nasdaq 100 Forecast :QQQ rises after earnings from Meta, AMZN & a strong NFP report
US stocks point to a mixed open, and Nasdaq futures are off session highs after US non-farm payroll data smashed forecasts, with 353k jobs added in January above 180k forecasts. December's numbers were also revised higher to 333k. Meanwhile, upbeat results from Meta and Amazon. Apple is set to fall despite beating profit and revenue forecasts.