Market Overview

2 November 2023 17:17

Lysakov Sergey

Inflation Worries Continue to Distract the Fed

U.S. stocks were a little higher by the end of the hectic week. The U.S. Dollar index took a step back. Аll following the spirit of the Federal Reserve's (Fed) chair press conference on Wednesday's night of November 1. The central bank's decision to keep borrowing costs steady was not a surprise, as it was widely expected. However, investors thoroughly examined a statement by the Federal Open Market Committee (FOMC) to be more or less sure that a balanced approach to monetary policy is still here.

21 September 2023 09:06

Lysakov Sergey

The Fed May Throw Away the Baby Growth with the Inflation Bathwater

Many market optimists had hoped that the U.S. Federal Reserve's (Fed) message on September 20 would support their faith for further upside rally on Wall Street. Instead, Fed members completed the mission to cause a drop of the S&P 500 broad indicator to the deepest point of the month. Big techs like Apple, Google and Microsoft lost between two and three percent of their value this Wednesday. The hyping AI-led NVIDIA stocks closed the day at their lowest since August correction. Even Tesla ultimately turned to the red, despite its shares prices initially gaining nearly 2.

31 August 2023 13:10

Lysakov Sergey

The Bad-News-Is-Good-News Trade Has Come

Cooling of labour demand in America has become evident from the recent incoming data in the United States. Ironically, softer than expected data became a real pain-killer for the market sentiment, as it revitalised some faded crowd's expectations for the Federal Reserve (Fed) to make an extended rest stop in its rate-hiking cycle this autumn and winter.

3 August 2023 15:07

Lysakov Sergey

Few Stocks are in the Green, Fitch is To Blame

Sudden news of downgrading the U.S. sovereign credit rating by Fitch dumped all the recent bullish enthusiasm in global markets. Treasury Secretary Janet Yellen made an effort to defend by calling it an "entirely unwarranted" move. She was referring to "ignored improvements in governance metrics" during the current administration and the country's economic strength, as the agency's "flawed assessment" did not take into account "a resilient U.S. economy, with low unemployment, falling inflation, continued growth and strong innovation".

14 July 2023 09:08

Lysakov Sergey

Euro and the Pound Are Breaking Through Resistance Lines Like a Scythe Through Butter

European currencies are rallying, rubbing shoulders with other U.S. Dollar competitors, as the whole set of inflation data from America stressed the Fed may be within an ace of letting the borrowing costs to a halt. Consumer price pressure is at its weakest since April 21, confirmed with producer price declining on factory gates from 6.0% YoY in the beginning of the year to 2.3% YoY in May, 1.1% in June, according to this week's samplings by the U.S. Bureau of Labour Statistics. The headline inflation is at 3.0%, compared to 4.0% a month ago.

7 July 2023 09:10

Lysakov Sergey

The Dollar Is Steady Ahead of the Labor Market Report

The U.S. Dollar index (DXY) is moving mixed inside the narrow trading range of 102.4-103.2 points. Investors are waiting got the Federal Reserve (Fed) to raise its interest rates to 5.5% in July from the current 5.25%. FOMC Minutes that were released this week confirmed that. On the other side, inflation is slowing down above expectations, which is positive for risky assets. Positive ADP Non-Farm Employment Change at 497,000 is clearly beating the forecasted 228,000 and is ahead of the previous 267,000. Continuing jobless claims were also down to 1720,000 from 1733,000 a week ago.

29 June 2023 17:48

Lysakov Sergey

Powell has Finally Convinced Investors

The Federal Reserve (Fed) has persistently and patiently reiterated its intentions to raise interest rates in 2023. The Fed’s Chair, Jerome Powell, once again repeated his mantras of at least two interest rate hikes this year during the conference of the financial stability hosted by Banco de Espana on June 29. "A strong majority of Committee participants expect that it will be appropriate to raise interest rates two or more times by the end of the year," said Powell. This would bring interest rates to at least 5.75% from the current 5.25%.

22 June 2023 15:30

Lysakov Sergey

SNB Continues to Cut Inflation

The Swiss National Bank (SNB) raised its key interest rate to 1.75% from 1.5% to secure inflation slowdown that was recorded at 2.2% YoY in May. The move was expected after the SNB raised its rate in March by 0.50 percentage points from 1.0%. Inflation in Switzerland slowed down from its 3.4% peak in February to almost comply with the target of 0-2%. The SNB is unsettled by raging inflation in developed countries as consumer prices rose by 4% YoY in the United States, in the Eurozone by 6.1%, in Sweden by 9.7%, and in Canada – by 4.4%.

15 June 2023 18:25

Lysakov Sergey

Will the Fed “Pull the Chestnuts Out of Fire” for ECB?

The Federal Reserve (Fed) has suddenly become even more hawkish as it promised to make two more rate hikes this year after taking an expected pause in June. Its forecast seems to be rather sensational as investors expected the Fed to terminate its hawkish cycle and lower rates later this year. However, Fed members said they want to raise the rates to 5.75% from the existing 5.00-5.25% range. The Fed sees a possible decline of rates to 4.75% only in 2024. This truly mind-boggling decision was followed by a weird macroeconomic projection with improving GDP growth to 1.

8 June 2023 19:40

Lysakov Sergey

It’s Official, Europe is Diving into a Recession

The GDP of the Eurozone has slipped down by 0.1% in the Q1 2023 following the same contraction of Q4 2022. Two consecutive quarters of economic contraction suggests a recession, although this assumption which was made in the early 1970s is widely disputed now. The Q4 2022 YoY figure was revised to 1.0% from 1.8%. Together with still high inflation at 6.1%, and unemployment at 6.5%, the European economy is suffering. Geopolitical risks in Serbia and the war in Ukraine are contributing to the nose dive. The U.S.

Market Focus

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.37% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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