Markets Weekly Outlook – S&P 500 in Focus as Markets Brace for Holiday Lull

The Federal Reserve’s policy change and economic projections have significantly impacted markets, leading to a rise in US yields. The US PCE data released on Friday rose less than expected, alleviating some selling pressure on US equities. The Bank of Japan held rates steady, defying expectations of a rate cut, while the risk of a […]

Yen rises on stronger inflation

The Japanese yen has reversed directions on Friday after sharp losses a day earlier. Early in the North American session, USD/JPY is trading at 156.54, down 0.53% on the day at the time of writing. The yen continues to .stumble and has declined around 2% this week. Japan inflation rate jumps A day after the […]

USD/CAD steady ahead of retail sales

The Canadian dollar is showing limited movement on Friday. In the European session, USD/CAD is trading at 1.4384, down 0.11% at the time of writing. On Thursday, the Canadian dollar fell to its lowest level since March, touching 1.4435. Canada’s retail sales expected to improve Canada retail sales have risen for four consecutive months and […]

British pound stabilizes as retail sales edge up

The British pound has steadied on Friday, after sliding 1.6% in the past two days. In the European session, GBP/USD is trading at 1.2510, down 0.10% on the day at the time of writing. Retail sales point to weak Christmas spending UK retail sales posted a small gain of 0.2% m/m in November. This was […]

Nasdaq 100 Technical: At risk of staging a multi-week corrective decline

A transition from a Fed “dovish pivot” to a “normalization” pivot may put a halt to this year-end seasonal “Santa Rally” on the US stock indices. Nasdaq 100 momentum and market breadth have weakened which supports a potential medium-term (multi-week) corrective decline sequence. Watch the 20,790 downside trigger level of the Nasdaq 100. The Nasdaq […]