Tag: tickmill
Daily Market Outlook, December 13, 2022 US Inflation Data Eyed After An M&A Monday Rebound in Risk Appetite A flurry of end of year Merger & Acquisition activity provided a bid to Wall Street, with over $70 billion worth of deals announced yesterday, headlining the activity was Amgen who announced a deal to $26 billion […]
Technical Trade Levels Ahead of CPI & FOMC Releases Source: Tickmill
Further Poor UK Data On the back of yesterday’s UK GDP print which showed that economic activity contracted 0.3% in the three months through October, UK traders suffered yet further bad news today. UK wages were seen rising 6.1% over the same period, up from 6% prior while the unemployment rate increased to 3.7% from […]
US CPI In Focus The headline market event today is the US CPI release for November. The data will be the final key input ahead of the December FOMC tomorrow and on the back of the fall in October inflation, the data today will likely be pivotal for the early 2023 US rates outlook. Market […]
All Eyes on US CPI Ahead of Tomorrow’s FOMC Global equities benchmarks have seen relatively muted action so far this week as traders await today’s headline US CPI event ahead of the November FOMC tomorrow. October’s CPI reading was a major market event fuelling a wave of USD sales which helped underpin equities sentiment and […]
The Fed is expected to deliver a 50 bp rate hike on December 14, continuing to meticulously dampen inflation pressure in the economy. However, the chances of a recession that markets price in continue to rise, as evidenced from the bond prices recovery and dollar sell-off. This undermines the Fed’s efforts to ease price pressures. […]
Daily Market Outlook, December 12, 2022 Investors Pare Risk Ahead of This Week’s Inflation Data & Central Bank Decisions Asian equity markets have started the week on the back foot, as investors pare risk positions ahead of tomorrow’s US headline inflation data coupled with major central bank announcements due Wednesday and Thursday. Friday’s firmer PPI […]
American stock index S&P500 broke the uptrend and got back to it. Currently, the asset is trying to pull from the broken trendline. However, the index will have to break the level of 3930 first. After that, it might potentially hit the level of 3600. So, let’s wait and see what is going to happen […]
Metals Markets Await US CPI & Fed Following the rallies we’ve seen over the last month or so, both gold and metal look hungry to break out here. Both metals have seen choppier action in recent weeks though have still been grinding higher amidst a broadly lower US Dollar. The key decider this week will […]
GDP Rises on Month, Dips on Quarter The latest UK GDP data this morning paints a bleak picture ahead of the BOE meeting on Thursday. At first glance, the 0.5% rise in October looks promising, marking an uptick from the prior month’s -0.6% reading and a beat on the 0.3% the market was looking for. […]