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New York Fed President John Williams said in an interview with The New York Times that he still expects interest rates to be lower by year-end, but emphasized that the pace and extent of easing will depend on incoming data. When asked about the possibility of two additional 25bps reductions, Williams said that would depend […]
The post Fed’s Williams sees lower rates this year, tariff impact on inflation as limited appeared first on Action Forex.
In the latest twist of market dynamics, the tech sector propels a recovery led by a remarkable surge in Nvidia, whereas consumer-centric stocks, including retail giants like Amazon and Walmart, struggle. Stay tuned with InvestingLive.com for in-depth coverage and analysis of today’s shifts in the stock landscape.
🌿 Technology Sector: Nvidia Powers Up
💼 Consumer Cyclicals and Defensive Struggles
⚖️ Market Mood and Trends
The market variance indicates a cautious optimism as investors pivot towards technology, particularly within the semiconductor realm. However, the decline in consumer stocks might signal concerns about consumer sentiment and spending.
Current market dynamics suggest focus shifting towards sectors leveraging technological advancement, given recent gains in specific equities like Nvidia. The broader sentiment remains cautiously optimistic, with specific sectors driven by growth expectations amidst macroeconomic volatilities.
📊 Strategic Recommendations
For more insights and real-time updates, visit InvestingLive.com, where market trends and investor sentiments are continuously analyzed to aid strategic decision-making.
This article was written by Itai Levitan at investinglive.com.
The EURUSD is pressing to fresh lows, breaking beneath a swing area between 1.1581 and 1.1596 and pushing through the 61.8% retracement of the August 1 to recent high rally at 1.1592. That shift gives sellers increasing control of the market. The next downside target is the August 27 low at 1.1573; a break below would open the door toward 1.1555 and potentially accelerate bearish momentum.
It’s worth noting that the pair fell below its 100-day moving average yesterday, only to rebound and trade around it, flipping between gains and losses both yesterday and again today. Still, today’s high stalled near the bottom of a key swing zone between 1.1645 and 1.1660, underscoring that sellers are defending overhead resistance.
With downside levels breaking and resistance holding firm earlier today, the technical bias leans further in favor of sellers as long as price remains capped below the 1.15812 and 1.1596 area (close risk).
Other targets on the downside include a swing area between 1.1555 and 1.1561, followed by another swing area between 1.1518 at 1.15296.
This article was written by Greg Michalowski at investinglive.com.
The US dollar is at the highs of the day and if you listened to Delta CEO CEO Ed Bastian today, you would know why.
The way he outlined it, consumers pulled back around Liberation Day but as trade deals started to come, so did the spending. That has continued into Q4 and the company is forecasting a strong 2026.
What if the Fed is being misdirected by the April-July slump and not realizing that there is some fresh momentum in the consumer, and the economy? They could be cutting at a time when things are heating up. That could lead to a rapid pivot in the Fed stance, and a repricing of the 100 bps of cuts in the Fed funds futures market through this time next year.
In context, this is a fairly small move in the US dollar but if there is a big rethink, this will be only the beginning.
This article was written by Adam Button at investinglive.com.
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