ECB to hike by 75bp | Softer US Dollar (USD) Helps Gold And Crude Oil| FXMAG.COM

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Softer-than-expected
EUR/USD
Focun On
Ipek Ozkardeskaya

Yesterday wasn’t not a good day for the US Big Tech. Google dived almost 10% after reporting disappointing results, while Microsoft sank almost 8%.
Nasdaq bounced 2% lower after having tested the major 38.2% Fibonacci retracement, a touch below the 11700.

Softer-than-expected

On the macro front, however, the Bank of Canada (BoC) surprised with a softer-than-expected rate hike, and US home sales fell almost 11% in September.

EUR/USD

The US dollar index dived below its 50-DMA yesterday. The EURUSD rallied above parity, as Cable advanced past 1.16.

Focun On

Focus shifts to US GDP dat, the European Central Bank (ECB) decision, Apple & Amazon earnings today.

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Watch the full episode to find out more!

0:00 Intro
0:33 US Big Tech selloff intensifies. Meta down 20% post-market
1:55 What to expect from Apple & Amazon?7
4:05 Policy pivot?
5:20 US GDP to rebound despite sluggish economy
6:52 US dollar softer, EURUSD rallies above parity, Cable past 1.16
7:52 ECB to hike by 75bp, discuss QT
9:19 Gold, oil up on soft dollar

Ipek Ozkardeskaya

Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

#Apple #Amazon #Meta #Google #Microsoft #earnings #USD #GDP #ECB #rate #decision #EUR #XAU #crudeoil #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary

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