ForexTime

2021-03-18 11:28:41 Investors just got the best possible outcome from the latest Federal Reserve Open Market Committee meeting. Economic growth, employment and inflation were all revised sharply higher for 2021, but interest rates are projected to remain at zero for the next two years.

The S&P 500 reversed early declines of 0.4% to close 0.3% higher at a new record of 3,974.  Yields on the US 10-year Treasury remained elevated as Powell didn’t see the urge of taking action or talking down long-term interest rates. Meanwhile, the dollar was the biggest loser of the event, falling against most of its... Read More (https://www.forextime.com/market-analysis/feds-greenlight-resume-risk-taking) Open / Comment

2021-03-18 11:28:41 Open / Comment

2021-03-18 11:28:41 The Fed’s greenlight to resume risk taking
https://www.forextime.com/market-analysis/feds-greenlight-resume-risk-taking Open / Comment

2021-03-18 06:27:19 Federal Reserve Chair Jerome Powell hammered home the message that the US central bank will not be rushed into raising US interest rates, despite green shoots of an economic recovery. It’s been a point that Powell had reiterated on multiple occasions already. This time, markets began to pay more heed.

The Fed’s dovish message prompted risk assets to move higher:


S&P 500: + 0.29%
Dow Jones index: +0.58%
Nasdaq 100: +0.38%


The S&P 500 and the Dow posted new record highs respectively, with the latter closing above the psychologically-important 33,000 level for the first... Read More (https://www.forextime.com/market-analysis/dovish-fed-pushes-stocks-higher) Open / Comment

2021-03-18 06:27:19 Open / Comment

2021-03-18 06:27:19 Dovish Fed pushes stocks higher
https://www.forextime.com/market-analysis/dovish-fed-pushes-stocks-higher Open / Comment

2021-03-17 16:10:54 At the start of this week, my colleague Hussein Sayed described the imminent outcome from tonight's FOMC meeting as "crucial for investor’s decision making". 

I couldn't agree more.

Markets have struggled for clear direction this week, which is often the way ahead of a major risk event as money is taken off the table and new money not put to work.

No change in policy is expected and a substantial shift in tone by the FOMC appears doubtful. This year’s growth and inflation forecasts are set to be upgraded, although the former more than the latter, to reflect a turbocharged... Read More (https://www.forextime.com/market-analysis/over-you-jay) Open / Comment

2021-03-17 16:10:54 Open / Comment

2021-03-17 16:10:54 Over to you, Jay
https://www.forextime.com/market-analysis/over-you-jay Open / Comment

2021-03-17 06:27:53 Nike is set to release its financial results for the three months ending 28 February. According to market expectations, that earnings announcement due after US markets close on Thursday could move Nike’s share price by 5.5% either way when trading resumes on Friday.


Nike has enjoyed a stellar rise since the market rout 12 months ago, rocketing 130% since 23 March 2020.


However, that momentum has stalled since registering its highest ever closing price on 11 January 2021, as the stock has remained in a sideways pattern in the two months since. Nike’s year-to-date gains now stand at... Read More (https://www.forextime.com/market-analysis/can-nikes-share-price-cross-jordan-new-record-high) Open / Comment