USDX
106.611

0.21%

XAUUSD
1826.14

0.28%

WTI
83.587

0.18%

EURUSD
1.05231

0.19%

GBPUSD
1.21564

0.18%

USDJPY
148.419

0.45%

USNDAQ100
14792.47

0.19%

Global Markets
News
New AI Signals
Analysis

From Institutions From Analysts

Latest Views

Latest Views

Columns

Topics Columnists

Trending Topics

Daily News

To quickly learn market dynamics and follow market focuses in 15 min.

Central Bank

Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.

Traders' Opinions

View trading ideas and learn trading strategies.

Forex

Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.

Top Columnists

FastBull Featured

The latest breaking news and the global financial events.

Devin

I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.

Mohammad Omar

BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.

Jan Aldrin Laruscain

Jan Aldrin Laruscain is a market analyst of Forexway and enthusiast in trading currencies and indices. With his degree and passion for Finance, he have devised a specific way of trading which breaks down the market through orderflow analysis with deep consideration for fundamentals. He also write and create commentaries on the latest trends about all things finance!

7x24
Economic Calendar
Quotes

Data

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Correlation

Popular Indicators

Pro

Business

White Label

Data API

Web Plug-ins

Recent Searches
    Trending Searches
      News
      Analysis
      7x24
      Quotes
      Economic Calendar
      Data
      • Names
      • Latest
      • Prev.

      View All

      No data

      Sign in

      Sign up

      Upgrade to Pro Freely

      --

      • My Favorites
      • Following
      • My Subscription
      • Profile
      • FastBull Pro
      • Account Settings
      • Sign Out

      Scan to download

      Faster Financial News and Market Quotes

      Download App
      Reminder Settings
      • Economic Calendar
      • Quotes/Market Quotes

      Reminders Temporarily Unavailable

      I have a redeem code

      Rules for using redeem codes:

      1. The activated redeem code cannot be used again

      2. Your redeem code becomes invalid if it has expired

      Redeem

      FastBull Membership Privileges

      Quick access to 7x24

      Quick access to more editor-selected real-time news

      Follow more assets

      You can add more assets to your watchlist to follow more real-time quotes.

      More comprehensive macro data and economic indicators

      More comprehensive historical data on indicators to help analyze macro markets

      Share to get free Pro
      Upgrade to FastBull Pro
      Back to member privileges
      Share to get free Pro Upgrade to FastBull Pro

      Share to get 1-year PRO for free

      Invite new users to Click on your sharing link. After they complete registration and login, you can get one-year membership.
      Share the link to get membership
      Copy

      FaceBook

      Twitter

      Linkedin

      Line

      Email

      Whatsapp

      Telegram

      Scan QR code with mobile phone

      Upgrade to FastBull Pro

      I have read and agreed to the
      Pro Policy
      Feedback
      0 /250
      0/4
      Contact Information
      Submit

      Powell is Not Here to Make Equity Investors Happy

      Alex
      Summary:

      Appetite in Asian equities improved on hints that China could ease the excessive Covid curbs as a response to angry anti-Covid protests.

      Appetite in Asian equities improved on hints that China could ease the excessive Covid curbs as a response to angry anti-Covid protests.
      Nasdaq's Golden Dragon China index rallied 5% yesterday, even though appetite for the rest of the stocks remained limited, as few wanted to take a bet before Federal Reserve (Fed) head Jerome Powell's speech due today.
      What will Jerome Powell say?
      Well, he will say that the pace of the US rate hikes will slow. But he will also say that the Fed is not done fighting inflation and that the terminal Fed rate will likely be higher.
      Weakening data is good news for the Fed 
      The US home prices have weakened the most since the 2007/2008 subprime crisis, and the weakness in home prices should have an easing effect on inflation numbers.
      The US yield curve remains inverted, and the spread between the US 3-month and 10-year yield continues widening, hinting that an upcoming recession in the US could further help easing inflationary pressures.
      Beyond the US, the global yield curve also prints the first inversion since at least 2000, which also hints at recession, and eventually weaker global inflation.
      Finally, the latest consumer confidence data in the US shows further weakness, though it just weakened by around 2 points to 100.2 in November, and a number above 90 is generally considered as healthy.
      Bad news is the US 1-year inflation expectations advanced to 7.2% in November from 6.9% printed a month earlier – warning that inflation will certainly not be on a steady downward path; there will be bumps along the way.
      A deluge of economic data
      Besides Powell's speech, investors will be watching the update on US GDP, expected to be revised slightly higher, the US job openings, expected to remain above 10 million and hinting at a still solid job environment, and the November ADP report, expected to reveal around 200'000 new private jobs added during last month.
      On Thursday, the Fed's favorite inflation gauge PCE data will show how much inflation eased in October.
      Then on Friday, the NFP figures will reveal the strength of the US jobs market.
      It's a lot of data to process, but the simple rule of thumb is, strong inflation data would fuel the hawkish Fed expectations and have a positive impact on the US yields and the dollar, and a negative impact on equities.
      Likewise, strong growth, income, spending and solid jobs data would also fuel the hawkish Fed expectations on idea that the US economy remains strong enough to withstand aggressive Fed tightening.
      What we want is, soft growth – but not too soft because recession fears are also bad for the market mood.
      And what we really, really want is soft spending and inflation data before all.
      But in all cases, it's possible that we won't see US equities extend gains by much, because both scenarios are not ideal. Strong economic data, like strong growth and strong jobs means that the Fed will continue its aggressive tightening and could aim for relatively higher terminal rates. That's bad for stock valuations. And soft inflation figures and softening spending are good for the Fed expectations, but they will boost recession odds, which is obviously not good for the stock valuations either.
      As a result, we have certainly hit a top in the latest S&P500 rally, and the 200-DMA, which stands around 4050 – which also coincides with the year-to-date descending channel top should mark the end of the latest bear rally, with the expectation of a further fall to potentially around the 3400 mark. I'm sorry.
      Surprise fall in EZ inflation? 
      Good news is that both a softer Fed due to a potentially softening inflation, or soft economic data in the US, should be negative for the US dollar, and could finally help the dollar ease against major currencies, hence ease the strong-dollar-led-high-inflation in the rest of the world.
      German inflation slowed to 11.3% in November, according to the data released yesterday, from 11.6% printed a month earlier, while inflation in Spain unexpectedly fell below 7%.
      Do we celebrate? Not just yet. The figures are still very much above the ECB's 2% target, but it's at least going in the right direction.
      Due today, investors will have their eyes set on the Eurozone's preliminary inflation data for November. Who knows, maybe we will see a figure below 10%, in which case, the EURUSD could make another attempt above the 200-DMA which stands near 1.0370.
      But as I always say, the US data, and Jerome Powell will say the last word on the overall direction in currency markets. Strong US data, and hawkish Fed comments could immediately turn the winds in favour of a stronger dollar yet again.

      Source: Swissquote Bank

      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.

      Quick access to 7x24

      Quick access to more editor-selected real-time news

      Exclusive video for free

      FastBull project team is dedicated to create exclusive videos

      Follow more assets

      You can add more assets to your watchlist to follow more real-time quotes.

      More comprehensive macro data and economic indicators

      More comprehensive historical data on indicators to help analyze macro markets

      Member-only Database

      Comprehensive forex, commodity, and equity market data

      7x24
      Real-time Quotes

        Nothing on your watchlist! Go to add

        Watchlist
        Economic Calendar
        • Economic Calendar
        • Events
        • Holiday
        Policy Rates
        BANKS ACT (%) PREV (%) CPI (%)
        Relevant News
        Speculative Sentiment
        SYMBOL
        LONG SHORT
        FastBull
        English
        English
        العربية
        繁體中文
        简体中文
        Bahasa Melayu
        Bahasa Indonesia
        ภาษาไทย
        Tiếng Việt
        Telegram Instagram Twitter facebook linkedin App StoreGoogle Play
        Copyright © 2023 FastBull Ltd
        Home News AI Signals Analysis Columns 7x24 Economic Calendar QuotesData WarehousePro User Agreement Privacy Policy About Us

        Risk Disclosure

        The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

        No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.

        Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.