S&P 500, Nasdaq 100: Bulls Push into CPI After Last Week’s Bullish Engulf
The S&P 500 and Nasdaq 100 both posted bullish engulfing formations on the weekly charts last week, and the Fed is in a blackout window ahead of the next FOMC meeting.
The S&P 500 and Nasdaq 100 both posted bullish engulfing formations on the weekly charts last week, and the Fed is in a blackout window ahead of the next FOMC meeting.
EUR/USD may continue to give back the rebound from the yearly low (0.9864) as the exchange rate appears to be tracking the negative slope in the 50-Day SMA (1.0107).
U.S. stocks sold off violently on Tuesday after stronger-than-expected U.S. inflation data sent Treasury yields higher on bets that the Fed will have no choice but to keep raising rates forcefully.
The Nasdaq 100 is lower by over 4% as inflation data comes in very hot.
Crude oil prices fell on Monday as tighter monetary policy lies ahead and geo-political woes continue to plague the outlook for energy while China lockdowns roll on. Can crude recover?
Senior Strategists James Stanley and Christopher Vecchio, CFA discuss US inflation data and the September Federal Reserve rate decision.
U.S. headline CPI eased to 8.3% year-on-year in August, down from July’s 8.5%, a slow but welcome directional improvement in the inflation trend.
The index continued its move higher, unfazed by poor economic sentiment and increasing inflation
Gold trades higher amid a continued dollar sell off and potentially lower inflation (CPI) data later today