Thursday, 28 July 2022

S&P 500 and Nasdaq 100 Retain Fed-Induced Bullish Momentum Despite Weak GDP. Why?

After a subdued start to the session following a negative GDP report, U.S. stocks posted a strong intraday reversal, rising for the second consecutive day amid Fed-induced bullish sentiment.

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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...