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Nasdaq 100 Forecast: QQQ muted after jobs data

U.S. stocks are set for a muted opening as investors digest the latest jobs data and prepare for tomorrow's nonfarm payroll report. Yesterday, the S&P 500, the NASDAQ 100, and the Dow Jones booked record closing highs thanks to a surging technology sector and after Federal Reserve chair Jerome Powell highlighted the strength of the US economy.

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Yesterday 09:53 AM
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Nasdaq 100 Forecast: QQQ rises ahead of Fed Chair Powell's speech

U.S. stocks are pushing higher, with the NASDAQ 100 and the S&P 500 adding to yesterday’s record-high close ahead of comments from Federal Reserve Chair Jerome Powell. Investors are brushing off geopolitical risks, and attention is on a slew of US economic data; ADP payrolls were weaker than forecast, and ISM services PMI, as well as factory orders, are due to be released shortly. The data, along with Fed Chair Powell could give further insight into the future path for rates.

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December 4, 2024 09:31 AM
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S&P500 Forecast: SPX falls as China - US trade tensions rise

U.S. stocks are edging lower on Tuesday after the S&P 500 and the NASDAQ closed at record levels in the previous session. Sentiment is souring after news that China will begin banning the export of some rare minerals to the US in a tit-for-tat escalation of the tech war

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December 3, 2024 09:36 AM

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EUR/USD, Oil Forecast: Two trades to watch

EUR/USD rises, but the outlook remains weak below 1.06. Oil rises ahead of inventory data & OPEC’s meeting later in the week

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December 3, 2024 04:46 AM
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Nasdaq 100 Forecast: QQQ rises ahead of a data-heavy week

U.S. stocks are heading for a modestly strong start to December after posting solid gains in the previous month. The mood is cautiously upbeat as traders return from the extended Thanksgiving weekend break, despite more trade tariifs threats from Trump over the weekend. This week is a busy week for economic data, with Friday's NFP a kay focus ahead of the December Fed meeting.

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December 2, 2024 09:05 AM
Oil_rig

Oil forecast: WTI steadies for now, OPEC+ postpones meeting

Oil steadies after 3-days of losses. Easing tension in the Middle East saw the geopolitical risk premium fall. However, OPEC+ pushing back its December 1st meeting raises optimism the group will postpone unwinding oil production cuts. Volumes will likely remain low owing to the US Thanksgiving holiday.

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November 28, 2024 10:44 AM
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S&P500 Forecast: SPX muted ahead of core-PCE data

U.S. stocks are mixed after stronger than forecast data and ahead of the key core PCE inflation report. US GDP was revised higher to 1.9% in Q3, up from 1.8%, boosted by solid consumer spending as inflation continued to cool. Meanwhile, jobless fell to 213k. The data points to the US economy being in a good place raising questions over the Fed's ability to cut rates. US core PCE is expected to rise to 2.8% YoY in October.

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November 27, 2024 09:36 AM
Oil extraction

Oil Price Forecast: Oil Bears Reassert Control– Crude Support in View

Oil prices reversed from yearly open resistance this week with the bears aiming back towards multi-month range lows. A multi-timeframe view of the oil technical charts.

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S&P500 Forecast: SPX rises despite Trump tariff threats

U.S. stocks are heading higher, building on recent gains, as investors weigh up the implications of Trump's tariffs on its top trade partners. President-elect Trump said he would impose a 25% tariff on Canadian and Mexican imports and an additional 10% tariff on imports from China. Looking ahead, the minutes of the November Fed meeting will be released later and could provide more insight into the Fed's outlook for rates.

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November 26, 2024 09:00 AM
Oil extraction

WTI Forecast: Israel-Lebanon Ceasefire Drives Crude Oil Back Toward $69

How could a potential Israel-Lebanon ceasefire impact oil prices and what are the key levels to watch?

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November 25, 2024 02:00 PM
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Wall Street Forecast: DJIA rises after Trump's Treasury Secretary nomination

U.S. stocks are pointing to a stronger open on Monday amid a sign of relief on Wall Street following President-elect Trump's nomination for Treasury Secretary - Scott Bessent, who favours less stringent trade tariffs.. The move higher comes after gains last week, which saw investors shift into cyclical stocks while rotating out of technology.

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November 25, 2024 09:49 AM
Oil_rig

EUR/USD, Oil Forecast: two trades to watch

EUR/USD recovers from a 2-year low but gains could be limited, Oil steadies after 6% gains last week.

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November 25, 2024 06:57 AM
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S&P500 Forecast: SPX falls with PMI data up next

U.S. stocks are heading for a soft open, ending a broadly positive week on a more cautious tone ahead of the release of PMI data. The Dow Jones is on track to rise 1% this week, while the S&P 500 is set for 1.3% gains. The Nasdaq is up 1.6%. Attention is on US PMI data which is expected to show services and manufacturing PMIs rising in November.

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November 22, 2024 09:34 AM
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Nasdaq 100 Forecast: QQQ rises after Nvidia earnings & jobless claims

U.S. stocks are set to open modestly higher after another record quarter for Nvidia as jobless claims fall and geopolitical tensions mount. Nvidia beat estimates for the top and bottom lines in another impressive showing. However, gains are limited owing to disappointment surrounding the revenue growth forecast, which is set to be the slowest in seven quarters. Meanwhile, jobless claims fell to 213k from 217k, and the Russian-Ukrainian conflict ramps up.

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November 21, 2024 09:01 AM
Oil_rig

EUR/USD, Oil Forecast: Two trades to watch

EUR/USD struggles below 1.0550 as headwinds mount. Oil rises amid escalating geopolitical tensions.

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November 21, 2024 04:43 AM
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Nasdaq 100 Forecast: QQQ rises cautiously ahead of Nvidia earnings

US stock indices are edging cautiously higher amid a quiet economic calendar and with attention on corporate earnings. Nvidia is set to report earnings after the close as the share price trades 200% higher YTD and will act as guidance over the health of the AI trade. Geopolitical tensions have calmed and Fed speakers could offer more clues on the Fed's path for rates.

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November 20, 2024 09:20 AM
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Dow Jones Forecast: DJIA falls as tensions with Russia rise

U.S. stocks are heading for a weaker at open after a thinly veiled nuclear threat from Russian President Vladimir Putin and as investors digest more corporate earnings. Putin has lowered the bar for a nuclear attack after US President Biden reportedly allowed US missiles to be fired deep into Russia. Risk off is dominating. Walmart is set to open 4% higher after upbeat results and guidance.

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November 19, 2024 09:19 AM

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Nasdaq 100 Forecast: QQQ rises with Nvidia earnings & Fed speak in focus

U.S. stocks are pointing to a mixed start Monday after losses in the previous week and as investors brace themselves for earnings from AI giant Nvidia on Wednesday and plenty of Fed speakers across the week. Last week, US stocks fell sharply after Fed Chair Powell warned that the Fed was in no rush to cut rates. Tesla drives higher, adding to last week's gains on optimism surrounding self-driving under Trump.

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November 18, 2024 09:09 AM
Oil_rig

EUR/USD, Oil Forecast: Two trades to watch

EUR/USD holds close to 2024 lows ahead of ECB Lagarde’s speech. Oil inches higher but gains re limited by supply surplus & China demand worries.

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November 18, 2024 06:33 AM
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S&P 500 Forecast: SPX falls on slower Fed rate cut worries

U.S. stocks fall as investors digest stronger-than-expected US retail sales and more hawkish comments from Federal Reserve chair Jerome Powell. Powell said the Fed was in no rush to cut rates due to the solid economy, resilient jobs market, and interest still holding above 2%. As if on cue, US retail sales came in stronger than expected.

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November 15, 2024 09:54 AM
Energy

Oil Price Forecast: Crude Oil Spills Back into Support

Oil prices plunged more than 8% off the monthly high with WTI approaching critical support near the yearly lows. A multi-timeframe view of the Oil technical charts.

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S&P500 Forecast: SPX inches higher after CPI rises, as expected

US stocks are edging lower after losses in the previous session as investors digest the latest US inflation data while looking ahead to more Fed speakers later today. US inflation was in line with forecasts, rising 0.2% MoM (2.6% YoY), while core inflation was also as expected, rising 0.3% MoM (3.3% YoY). The data supports a December rate cut.

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November 13, 2024 08:51 AM
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Nasdaq 100 Forecast: QQQ extends the post-election rally

U.S. stocks are set to open higher, extending gains from last week. Trump's victory continues to boost the market as investors await the next round of economic data, which could decide whether the rally can continue. US inflation data is due later in the week. Tesla and Bitcoin-related stocks are outperforming as the Trump trade shows few signs of slowing.

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November 11, 2024 09:09 AM