Forex

What matters more to the markets: that the US economy looks less at risk of a recession or that the Fed will be able to fulfill its rate hike forecast? The volatile reaction to this past week’s rate decisions, NFPs and US growth data leaves the markets evaluating what trends lie ahead.

The US jobs market enjoyed a red hot January with 517k new jobs added, with job growth widespread.

Find out what major developments took place in a week consisting of three major central bank meetings and what it means for markets going forward

The Euro ticked higher on news that its home economy expanded at last in January, raising hopes that recession can be sidestepped

WTI Oil has come in for a battering this week as fading optimism around China and a buildup in inventories weigh heavily on the commodity.

Spot gold pulled back sharply post-FOMC and now stands at a key inflection point ahead of NFP and ISM data that could send XAU/USD tumbling.

Crude oil has steadied so far today after sliding lower throughout the week after multiple rate hikes in major economies that might be offset by China coming online. Will WTI recover?

The US Dollar rallied as upbeat jobless claims data underscored a data-watching Fed ahead of the highly anticipated non-farm payrolls print. Will DXY rally?

Risk trends started to distort this past session. On the one hand, the Nasdaq 100 and S&P 500 charged higher with hopes of a robust earnings backdrop – though actual results may signal trouble. Meanwhile, the Dow closed Thursday lower and the US Dollar shirked its safe haven status with a rally. While NFPs and an ISM update settle this discrepancy?

The tech leaders had a remarkable day Thursday with impressive rallies from Apple, Amazon and Google – all breaking above their 200-day moving averages – into the close. That run encouraged by a broad ‘risk’ lift and the surge in Meta after its own earnings, may be in jeopardy Friday after the run of earnings afterhours.