Tuesday, 18 October 2022

Huge S&P 500 Gap Higher and Earnings Glow Hide Growing Financial Threats

While the US indices wouldn’t hold build upon the gains, the S&P 500 and crew nevertheless opened this past session to a serious 1.9 percent gap higher – making for a second massive bullish jump. The market’s charge is bolstering questionable justification; but in the background, financial warnings keep going off.

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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...