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EURJPY Daily Outlook 16-09-20 – On Tuesday China extended tariff exemptions on 16 US products for another year at the request of Chinese importers. We found out that the U.S. manufacturing production increased in August. Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to […]
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European stocks remain in consolidation mode since the end of last week, which is not the case for the US equity markets, where the “buy-the-dip” army of market players are propelling a rebound. However, there are some signs that the bounce is a technical reboot rather than resumption of the medium-term rally. For example, comparing […]
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The dollar remains under pressure ahead of the Fed meeting, while it seems that risky assets are getting rid of fears of extension of the bearish pullback. As for the outcome of the meeting, a combination of revised economic forecasts and a promise to keep rates low for longer is likely to cause a rally […]
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The biggest event of this week is undoubtedly September Fed decision and mostly importantly Fedspeak. It is expected that the Fed leaves policy settings unchanged. The fact of transition to the new framework of inflation targeting has already been priced in, but here are possible parts of the meeting where surprises may pop: “Operational” details […]
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US equities were unable to develop positive start of Thursday session and bulls ceded ground to sellers later. There may be growing conviction in the market that US lawmakers (both the Fed and Congress) will not be able to enact monetary or fiscal support before the US presidential elections. This is a negative scenario for […]
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Key Points from This Week BOC Praise Domestic Recovery At the Bank of Canada’s September rates meeting held this week, the BOC opted to keep rates on hold, in line with expectations. However, the tone to the meeting as slightly more optimistic than many were expecting with the bank acknowledging that the recovery had occurred […]
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The September Bank of Canada meeting, held yesterday, passed as expected, with the BOC holding rates unchanged. BOC governor Tiff Macklem reaffirmed the bank’s commitment to keeping rates at current levels until the slack in the economy has been absorbed and the bank’s 2% inflation target has been “sustainably achieved”. Bond Purchases To Continue Along […]
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US stock futures declined on Wednesday, followed by European indices, promising a tough day for those who are betting on extension of Wednesday bounce. S&P 500 futures slipped below 3400 points, but moderate selling indicates that the acute phase of the correction had passed and a period of “healthy” consolidation in the 3250-3400 range is […]
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The ECB should need to say something extraordinary to stop the Euro rally. Verbal intervention looks like the only option it’s not the time to change something in the policy. It is still too early to talk about expanding the limit of the main anti-crisis instrument (PEPP). The ECB also does not plan to touch […]
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