Fiona Cincotta
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Nasdaq 100 Forecast: QQQ rises ahead of Fed Chair Powell's speech
U.S. stocks are pushing higher, with the NASDAQ 100 and the S&P 500 adding to yesterday’s record-high close ahead of comments from Federal Reserve Chair Jerome Powell. Investors are brushing off geopolitical risks, and attention is on a slew of US economic data; ADP payrolls were weaker than forecast, and ISM services PMI, as well as factory orders, are due to be released shortly. The data, along with Fed Chair Powell could give further insight into the future path for rates.
DAX, GBP/USD Forecast: Two trades to watch
DAX rises to record highs despite weak PMI data. GBP/USD falls as UK services PMI falls to its lowest level in a year.
S&P500 Forecast: SPX falls as China - US trade tensions rise
U.S. stocks are edging lower on Tuesday after the S&P 500 and the NASDAQ closed at record levels in the previous session. Sentiment is souring after news that China will begin banning the export of some rare minerals to the US in a tit-for-tat escalation of the tech war
EUR/USD, Oil Forecast: Two trades to watch
EUR/USD rises, but the outlook remains weak below 1.06. Oil rises ahead of inventory data & OPEC’s meeting later in the week
Nasdaq 100 Forecast: QQQ rises ahead of a data-heavy week
U.S. stocks are heading for a modestly strong start to December after posting solid gains in the previous month. The mood is cautiously upbeat as traders return from the extended Thanksgiving weekend break, despite more trade tariifs threats from Trump over the weekend. This week is a busy week for economic data, with Friday's NFP a kay focus ahead of the December Fed meeting.
EUR/USD, FTSE Forecast: Two trades to watch
EUR/USD falls amid French political uncertainty, FTSE inches higher after strong Chinese manufacturing data, but UK data disappoints.
Equities week ahead: Salesforce, Lululemon, Berkeley Group
Earnings this week from Salesfore, Lululemon and Berkeley Group are in focus
Pound Forecast: GBP/USD posts its strongest week since September. Can it continue rising?
GBP/USD held steady on Friday but is on track for its largest weekly rise since mid-September as the US dollar gave back some of its Trump victory gains.
Oil forecast: WTI steadies for now, OPEC+ postpones meeting
Oil steadies after 3-days of losses. Easing tension in the Middle East saw the geopolitical risk premium fall. However, OPEC+ pushing back its December 1st meeting raises optimism the group will postpone unwinding oil production cuts. Volumes will likely remain low owing to the US Thanksgiving holiday.
DAX, GBP/USD Forecast: Two trades to watch
DAX rises ahead of inflation data. GBP/USD falls after stronger US data & UK service sector gloom.
S&P500 Forecast: SPX muted ahead of core-PCE data
U.S. stocks are mixed after stronger than forecast data and ahead of the key core PCE inflation report. US GDP was revised higher to 1.9% in Q3, up from 1.8%, boosted by solid consumer spending as inflation continued to cool. Meanwhile, jobless fell to 213k. The data points to the US economy being in a good place raising questions over the Fed's ability to cut rates. US core PCE is expected to rise to 2.8% YoY in October.