Author: Lila Harrington
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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…
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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…
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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…
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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…
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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.
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EurUsd Weekly Outlook for March 4, 2024 – Navigating the Tides of Central Bank Rhetoric and Market Optimism
Fed Rate Cuts, Robust Growth, and Political Dynamics Once upon a time, there were anticipated rate cuts promised by the Fed. With each passing week, expectations for a reduction in the cost of money have shrunk, and as of today, the market anticipates a cut of 75 basis points by the end of 2024, down…
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EurUsd Weekly Outlook for February 26, 2024 – Navigating Through Low Growth, Rate Expectations, and Seasonal Trends
Few news are coming from the United States where the market is becoming more realistic about the evolution of monetary policy. Amid alternating statements from various central bankers, the market has acknowledged that there will be no reductions in the cost of money before summer. Meanwhile, in Europe, all growth estimates have been revised downwards,…
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EurUsd Weekly Outlook for February 19, 2024 – Is the Trend Reversal Upon Us?
To see inflation with a 2 in front of it in America, we will have to wait a bit longer. The annual change in American consumer prices has negatively surprised analysts, even in the core figure stripped of volatile components. A rate cut in the United States becomes more distant, while it’s a current topic…
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Weekly EurUsd Outlook for February 12, 2024 – Powell’s Caution and Europe’s Struggles Shape Markets
A Mixed Markets Outlook In a media interview, Powell took a cautious stance. We are convinced that the path back to 2% is underway, declared the Federal Reserve Chairman, but it’s better to be prudent given the recent and very positive results from the job market. Translating this into practical terms, even the rate cut…
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EurUsd Weekly Outlook for February 5, 2024 – Fed Holds Rates Steady, Eyes on ECB for Spring Cut
The Fed holds firm on rates, promising markets that a cut will come but only when inflation has provided concrete signs of definitively converging towards 2%. In Europe, zero growth in the fourth quarter was confirmed, anticipating a rate cut in spring. EurUsd continues to press on the 1.08 supports.