Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Market focus: the Fed, Big Tech and employment data


July, 30 2024
watermark Economic news

The last two weeks on the stock market have been marked by a decrease in investor activity, which has become more cautious ahead of a number of important events. The fall in stock indices caused by profit-taking in the technology sector and increased risks has become one of the main factors influencing this trend. 


Investors are anxiously awaiting the Fed's rate decision, which will take place on Wednesday. Any signals of a possible rate cut will be carefully analyzed, as the market expects such a move in September. 


Major technology companies such as Microsoft, Apple, Amazon and Meta are also publishing their financial reports this week. The results of these companies can significantly affect market sentiment, especially against the background of the already falling shares of technology companies and disappointing earnings data from Alphabet. 


Key data on the US labour market is expected to be published on Friday, which will be taken into account by the Fed when making a rate decision. 


The influence of the «bearish» sentiment has spread to European stocks. The Asian market is also influenced by this trend: positioning in the Japanese market has been moderate, and the Chinese market is experiencing an increase in short positions due to concerns about slowing economic growth.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.