Ashraf tells AlArabia's Lara Habib that the FOMC is expected to open the door for further quantitative easing at Wednesday's FOMC statement, but such program may not take effect until later in the summer. The reason the Fed will not start the new program right away is due to the recent rally in equities (decline in VIX), which reduced the need for any immediate measures.
Ashraf tells AlArabia's Lara Habib that the FOMC is expected to open the door for further quantitative easing at Wednesday's FOMC statement, but such program may not take effect until later in the summer. The reason the Fed will not start the new program right away is due to the recent rally in equities (decline in VIX), which reduced the need for any immediate measures.
Markets are likely to see a resumption of the risk-on trade, largely in equities as long as the Fed communicates a clear indication regarding further measures in the future.
Nvidia earnings are due today after the closing bell. Research from Bloomberg (see chart below) indicates that gains or losses seen in the S&P500 emerging on the day of the releases, were usually reversed following day. With earnings guidance already elevated and stock up 30% off the March lows, there remains ample room for disappointment. Will the S&P500 bounce be sold the next day? Bloomberg highlights the number "$1 trillion", referring to CEO Jensen Huang's minimum projection for sales of Blackwell and Rubin AI chips in 2027. There's also the possibility of rising input/energy costs. Also, is the S&P500 or Nasdaq100 showing a right shoulder top near 7450 and 29350 respectively?
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Understanding US Dollar 2018 2019
I created this chart in December 2024, pointing to the importance of understanding some of the fundamental events shaping USD Index between 2018 and 2019. Why 2018 and 2019.
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