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The FXGT Blog
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Stocks
1 July 2024
The week ahead – All Eyes on FOMC & Non-Farm Payrolls
With the July 4th US bank holiday on Thursday, key data releases include ISM PMI data from Manufacturing and Services, and FOMC minutes.
1 July 2024
Weekly Market Recap – US Stocks Close June Strong as Jobless Claims Increase
The major US stock indexes remained relatively unchanged over the week but closed June with notable gains. The S&P 500 increased by 3.50%, the Nasdaq 100 climbed by 6.60%...
25 June 2024
The week ahead – All Eyes on Inflation Data
With market expectations diverging from the Fed's cautious December cut outlook, US data this week could be pivotal.
25 June 2024
Weekly Market Recap – U.S. Business Activity Reaches 2-Year High
The S&P 500 posted a three-week win streak on Friday, though Wall Street's bull market stalled on Thursday and Friday.
10 June 2024
The week ahead – All eyes on FOMC Economic Projections
Traders will be closely monitoring the CPI data for signs of further softening, which could justify market expectations for a September rate cut.
10 June 2024
Weekly Market Recap – S&P 500 and NASDAQ 100 reach new record highs
U.S. stock indexes recovered from recent losses, ending the week higher with the NASDAQ 100 and S&P 500 hitting new record highs.
3 June 2024
The week ahead – ECB Rate Decision & US Non-Farm Payrolls
The main event in the US will be the May job market report. Nonfarm payrolls are anticipated to have grown by 190k, a slight increase from April, with the unemployment ra...
27 May 2024
The week ahead – US GDP & PCE Price Index
In a holiday-shortened week due to Memorial Day, key updates include the second Q1 GDP estimate on Thursday and April's core PCE price index on Friday. A lower PCE and so...
27 May 2024
Weekly Market Recap – Fed’s Higher-for-Longer Policy
The major U.S. stock indexes had mixed results this week. The Dow fell over 2.40%, ending its five-week winning streak and dropping to 39,000 points. The Nasdaq rose 1.34...
20 May 2024
The week ahead – All Eyes on FOMC Minutes
The minutes from the Fed’s May policy meeting, along with various Fed speakers, will provide insights into the Fed’s rate path. Market participants will be keen on any in...
20 May 2024
Weekly Market Recap – US Stocks Reach New Record Highs
Wall Street had a record-breaking week, driven by slower-than-expected April inflation data. The headline CPI increased at a slower-than-anticipated rate, and core CPI co...
16 May 2024
Stock Rally Stalls as Investors React to Jobless Claims and Economic Data
US main Stock indexes are mostly flat on Thursday, following record highs reached on Wednesday. The rally paused as investors digested US jobless claims, home constructio...
15 May 2024
US Inflation Meets Expectations While Retail Sales Stagnate
In April, US inflation as indicated by the Consumer Price Index (CPI) softened to 3.4% year-over-year, aligning with market forecasts, and marking a slight decrease from ...
15 May 2024
Focus Shifts to CPI Report Following Powell's Commentary on Mixed PPI Data
Major U.S. indexes advanced reaching very near to their all-time highs. This upward movement was fuelled by reassurance from Federal Reserve Chair Jerome Powell, who hint...
13 May 2024
The week ahead – All Eyes on US Inflation Data
U.S. inflation metrics take the spotlight for the upcoming week, with the Producer Price Index (PPI) due Tuesday and the Consumer Price Index (CPI) on Wednesday. A modera...
13 May 2024
Weekly Market Recap – U.S. Labor Market Shows Signs of Weakening as Unemployment Claims Hit 8-Month High
U.S. stock indexes continued their upward trend for the third consecutive week, with the Dow Jones Industrial Average increasing by approximately 2%, the S&P 500 by 1.6%,...