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Week Ahead - All eyes on the Fed, ECB, BOE and NFP report

US Traders will focus on the FOMC decision, but they should also closely watch mega-cap tech earnings, and the nonfarm payroll report. The Fed is expected to continue slowing their rate hiking pace with a small 25 basis point rate rise. Disinflation trends are clearly here, but Core PCE suggest price pressures are coming and the labor market refuses to break and could prompt the Fed to remain vigilant with its inflation fight.

27-01-2023 14:00 GMT by Edward Moya

Mid-Market Update: Stocks edge higher, Core PCE, Intel's woes, Oil dips below $80, Gold hovers, Bitcoin wavers at $23K

US stocks are slightly higher as investors digest mixed earnings and hold onto hopes that the Fed will not overtighten. Stocks have gone from oversold to elevated levels as recession risks fade and investors doubt the Fed will follow through with their dot plot forecast.

27-01-2023 12:54 GMT by Edward Moya

Sterling dips, markets await US Core PCE

The British pound is slightly lower on Friday. In the European session, GBP/USD is trading at 1.2366, down 0.37%. Will US Core PCE continue to drop? There are no UK releases today, so all eyes will be on the US Core PCE, which is considered the Federal Reserve's preferred inflation indicator.

27-01-2023 07:20 GMT by Kenneth Fisher

Australian dollar shrugs as PPI falls

The Australian dollar is almost unchanged on Friday, trading at 0.7112. Australia's PPI slips Just a day after Australian CPI unexpectedly rose, the Producer Price Index went in the opposite direction. PPI in the fourth quarter slowed to 5.8% y/y, down from 6.4% in Q3 and below the consensus of 6.3%.

27-01-2023 05:51 GMT by Kenneth Fisher

USD/JPY dips as Tokyo Core CPI rises

The Japanese yen is in positive territory on Friday. In the European session, USD/JPY is trading at 129.76, down 0.33%. Tokyo CPI hits 4.3% Inflation indicators in Japan continue to head northwards.

27-01-2023 04:50 GMT by Kenneth Fisher

The end of global tightening, Tesla, Chevron, airlines, bitcoin softens

US stocks rallied after recession risks eased following better-than-expected GDP data. So today’s data was good news that was able to send stocks a little bit higher, but not all the way as rate cut bets were pared back.

26-01-2023 12:09 GMT by Edward Moya

Oil gets a GDP boost, gold drops ahead of Fed

Oil Crude prices got an unexpected boost from a US economy that doesn’t want to break. Another round of US data supported the argument that this economy still could get a soft landing, which is very positive for the short-term crude demand outlook.

26-01-2023 11:59 GMT by Edward Moya

Canadian dollar rises on sharp US numbers

The Canadian dollar is in positive territory on Thursday. In the North American session, USD/CAD is trading at 1.3363, down 0.16%.

26-01-2023 11:50 GMT by Kenneth Fisher

Euro continues to drift

The euro has been in calm waters all week and the trend has continued on Thursday, as EUR/USD continues to hug the 1.09 line. What is the ECB's game plan? With inflation designated as public enemy number one, the ECB is no doubt pleased that inflation has fallen for two straight months, dropping to 9.2% in December. Still, this is well above the ECB's inflation target of 2%, and the newly-hawkish Christine Lagarde has declared that the ECB will "stay the course" to ensure that inflation comes

26-01-2023 08:51 GMT by Kenneth Fisher

Japanese yen steady ahead of Tokyo CPI

Tokyo CPI expected to rise Inflation has been on the rise in Japan and the trend is expected to continue with the release of Tokyo CPI later today. The headline figure is expected to rise to 4.4% in December, up from 4.0% in November, while the core rate is forecast to climb to 4.2%, up from 4.0%.

26-01-2023 06:16 GMT by Kenneth Fisher

Bye-bye-bye soft landing, tech woes drag stocks down, BOC ready to pause hikes, bitcoin lower on risky asset selloff

US stocks are declining after a couple of major tech warnings are making traders nervous about a macro slowdown. Stock bulls may hate but it ain’t no lie, it is time to say Bye Bye Bye to a soft landing. Tech earnings from Microsoft to Texas Instruments clearly painted a picture of a macro slowdown.

25-01-2023 12:50 GMT by Edward Moya

Crude higher, gold consolidates

Oil Crude prices are rising after the stockpiles posted a modest gain and a decent improvement with demand. The EIA crude oil inventory report showed that demand for crude oil and gasoline improved, while distillates softened.

25-01-2023 12:47 GMT by Edward Moya

AUD/USD rises as inflation jumps

The Australian dollar has extended its rally with solid gains on Wednesday. In the North American session, AUD/USD is trading at 0.7080, up 0.51%. Australian inflation jumps to 8.4% RBA policy makers are no doubt having a bad day at the office, as Australia's inflation climbed sharply in the fourth quarter.

25-01-2023 12:37 GMT by Kenneth Fisher

Earnings dampening the mood

Equity markets are back in the red on Wednesday, as investors appear to prepare themselves for a disappointing earnings season for big tech. The last few weeks may turn out to perfectly encapsulate how the year will be as a whole, fluctuating significantly and suddenly between optimism and pessimism as the data and headlines dictate. We appear to have entered the latter phase now after starting the year in a very buoyant mood, with earnings painting a more realistic picture of the outlook for th

25-01-2023 10:35 GMT by Craig Erlam

Canadian dollar drifting ahead of BoC

The Canadian dollar is almost unchanged on Wednesday, trading at 1.3373 in the European session. BoC expected to hike by 25 bp The Bank of Canada is expected to raise rates by 25 basis points at today's meeting, the first of the year, which would bring the cash rate to 4.50%. The BoC has been aggressive, raising rates by some 400 basis points in the current rate-tightening cycle which began in March 2022.

25-01-2023 08:41 GMT by Kenneth Fisher

NZ dollar dips after CPI unchanged

The New Zealand dollar is under pressure on Wednesday. In the European session, NZD/USD is trading at 0.6478, down 0.41%. Markets eye New Zealand CPI The New Zealand dollar reacted negatively to today's CPI release, falling as much as 0.60% before paring these losses.

25-01-2023 04:57 GMT by Kenneth Fisher

Mid-Market Update: Stocks waver, US PMIs improve but cost pressures return, Unnecessary NYSE chaos, 3M’s warning, Oil drops, Gold hovers near highs, Bitcoin softens

US stocks edged lower after a mixed bag of economic data still keeps the inflation risk on the table. Earnings season is about to heat up soon and if Microsoft and Texas Instruments are too cautious with the outlook, that might kill risk appetite.

24-01-2023 13:29 GMT by Edward Moya

New Zealand dollar edges up ahead of CPI

The New Zealand dollar has edged higher on Tuesday and is trading just above the 0.65 line. NZD//USD is coming off a strong week, as it gained 1.39% and climbed to 7-month highs. Markets eye New Zealand CPI New Zealand releases CPI for the fourth-quarter later today, in what promises to be a closely watched release.

24-01-2023 13:04 GMT by Kenneth Fisher

Choppy trading

Equity markets are largely moving lower on Tuesday, reversing part of Monday's gains in what remains quite choppy trade. Earnings season will continue to dominate and so far, there isn't really anything positive to take away from it. There are still a lot of huge names to report, of course, but so far it basically underlines everything investors already think about the economy at the moment. The environment is currently very challenging and uncertain, while the labour market is overly tight unde

24-01-2023 09:33 GMT by Craig Erlam

GBP/USD slips on record debt, soft PMIs

The British pound has posted slight gains on Tuesday. In the European session, GBP/USD is trading at 1.2302, down 0.60%. UK debt hits record UK debt costs soared in December, sending the budget deficit to a record 27.4 billion pounds.

24-01-2023 05:21 GMT by Kenneth Fisher

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