Thursday, 5 May 2022

S&P 500, Nasdaq Slammed, Yields Shoot to Highs the Day After the Fed

Yesterday brought a relief rally on a 50 basis point rate hike. Today, that rally has been eviscerated, and tomorrow brings Non-farm Payrolls.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...