Thursday, 16 February 2023

S&P 500 Underwater but Exuberance Hasn’t Yet Cracked - What Now for Stocks?

The S&P 500 has lacked strong directional conviction in recent days after the powerful rally earlier in the year, but the balance of risks appears to be tipping to the downside.

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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...