-
Weekly EurUsd Outlook, April 29, 2024 – Europe Poised to Capitalize as U.S. Growth Slows
Interest Rate Strategies Amid Economic Shifts Markets have a fairly clear idea of what should happen with interest rates. The ECB might cut rates once or twice in 2024, with the first move expected in June, while the Fed might only adjust monetary policy by late 2024 if inflation slightly recedes from current levels and…
-
EurUsd Weekly Outlook, April 22, 2024 – Diverging Monetary Paths and the Test at 1.05
The monetary policies of the Federal Reserve and the European Central Bank are heading in opposite directions. Jerome Powell has adopted a more hawkish stance than Christine Lagarde, pushing up U.S. interest rates and bolstering the dollar, which is further favored by an increasingly tense geopolitical climate. The widening gap between the growth and expected…
-
Weekly EurUsd Outlook for April 15, 2024 – U.S. Inflation Climbs, ECB Holds Rates
March U.S Inflation Fuels Economic Uncertainty Amid ECB Caution March’s eagerly awaited U.S. inflation data showed a significant rise, particularly in petroleum products, setting the stage for an increase in the headline CPI to 3.5%. The core rate, stripped of volatile components, exceeded expectations at 3.7%. Recent remarks from central bankers, focusing largely on unexpectedly…
-
UBS Updates Year-End S&P 500 Target to 5,500 Amid Strong Economic indicators
In a recent market analysis report, UBS has adjusted its year-end target for the S&P 500 to 5,500, up from its previous estimate of 5,200. This revised forecast comes as U.S. equities continue to experience robust growth, supported by solid earnings performances and significant investments in artificial intelligence (AI). For the first quarter of 2024,…
-
Wall Street Forecasts Reflect Rising Confidence in S&P 500 with Latest Update from Wells Fargo
Amidst an atmosphere of growing economic optimism, Wall Street has seen a series of bullish revisions to S&P 500 year-end targets, culminating in Wells Fargo’s latest and highest forecast to date. In a recent industry trend, prominent financial institutions have been adjusting their expectations for the S&P 500 index. Oppenheimer Asset Management and Société Générale…
-
EurUsd Weekly Outlook, April 8, 2024 – Crosscurrents of Global Monetary Policies
Powell plays the firefighter and urges caution on rate cuts. The American economy continues to produce encouraging data, including on the employment front, causing stock markets to halt their gains while bond yields rise. The dollar attempts an assault on the euro, where inflation is increasingly contracting, but without success. The EurUsd supports hold steady…
-
Weekly EurUsd Outlook for April 1, 2024 – Navigating Uncertainty with Interest Rates and Currency Pressures
In a week scarce on data, Powell toned down the dovish remarks that emerged from the last FOMC meeting, indicating that if inflation does not decrease, rates will remain high for longer. This was confirmed by the Fed Chair, who suggested that it is unlikely we will see interest rates return to pre-pandemic levels. The…
-
RBC Raises S&P 500 Forecast to 5300 Amid Economic Optimism
In a recent update to their market outlook, RBC Capital Markets has revised its year-end target for the S&P 500, setting the benchmark index’s goal at 5300, up from a previous forecast of 5150. This adjustment signals an anticipated 11% gain from the December 2023 close, underscoring a more optimistic view of the U.S. equity…
-
Raising the Bar: Oppenheimer’s Stoltzfus Upgrades S&P 500 Outlook to $5,500
John Stoltzfus, in his latest market strategy analysis for Oppenheimer, offers a comprehensive outlook on the economic landscape and its impact on the stock market, with a particular focus on the S&P 500. Here are the critical insights derived from Stoltzfus’s perspective: Stoltzfus’s analysis paints a picture of a robust market environment, where economic stability,…
-
EurUsd Weekly Outlook, March 25, 2024 – The Fed Fuels Market Fire
According to the Fed, there seem to be no major issues in managing inflation, even in a context of upwardly revised economic growth that still promises demand-side pressures. Powell believes there’s no need to tighten further, with the Dot Plots indicating three rate cuts for the current year. The dollar is holding its ground, confirming…
-
SPDR S&P 500 ETF Declares $1.59494 Dividend, Ex-Date March 15
The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has declared a cash dividend of USD 1.59494 per share. The ex-dividend date is set for March 15, 2024, with the dividend payable by April 30, 2024. This announcement is part of the ETF’s regular dividend distribution strategy, aiming to provide returns to its shareholders. SPY, currently valued…
-
Weekly EUR/USD Outlook for March 11, 2024 – Navigating Rate Cuts and Economic Signals
Powell, speaking before Congress, confirmed what the markets wanted to hear. Rates will decrease over the course of 2024, although the pace will depend on inflation and its resilience. Meanwhile, the ECB keeps rates unchanged in the March meeting, and the euro strengthens above the key support levels of 1.08.
