Fiona Cincotta
Fiona Cincotta
Senior Market Analyst
Expertise: Macroeconomics, Fundamental & Technical Analysis, Media
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Pound Forecast: GBP/USD posts its strongest week since September. Can it continue rising?
GBP/USD held steady on Friday but is on track for its largest weekly rise since mid-September as the US dollar gave back some of its Trump victory gains.
Oil forecast: WTI steadies for now, OPEC+ postpones meeting
Oil steadies after 3-days of losses. Easing tension in the Middle East saw the geopolitical risk premium fall. However, OPEC+ pushing back its December 1st meeting raises optimism the group will postpone unwinding oil production cuts. Volumes will likely remain low owing to the US Thanksgiving holiday.
DAX, GBP/USD Forecast: Two trades to watch
DAX rises ahead of inflation data. GBP/USD falls after stronger US data & UK service sector gloom.
S&P500 Forecast: SPX muted ahead of core-PCE data
U.S. stocks are mixed after stronger than forecast data and ahead of the key core PCE inflation report. US GDP was revised higher to 1.9% in Q3, up from 1.8%, boosted by solid consumer spending as inflation continued to cool. Meanwhile, jobless fell to 213k. The data points to the US economy being in a good place raising questions over the Fed's ability to cut rates. US core PCE is expected to rise to 2.8% YoY in October.
EUR/USD, USD/JPY Forecast: Two trades to watch
EUR/USD rises cautiously ahead of German GFK data & post-Fed minutes. USD/JPY falls to a 3-week low ahead of US core PCE data.
S&P500 Forecast: SPX rises despite Trump tariff threats
U.S. stocks are heading higher, building on recent gains, as investors weigh up the implications of Trump's tariffs on its top trade partners. President-elect Trump said he would impose a 25% tariff on Canadian and Mexican imports and an additional 10% tariff on imports from China. Looking ahead, the minutes of the November Fed meeting will be released later and could provide more insight into the Fed's outlook for rates.
USD/CAD, DAX Forecast: Two trades to watch
USD/CAD rises after Trump’s tariff threat. DAX falls on trade worries.
Wall Street Forecast: DJIA rises after Trump's Treasury Secretary nomination
U.S. stocks are pointing to a stronger open on Monday amid a sign of relief on Wall Street following President-elect Trump's nomination for Treasury Secretary - Scott Bessent, who favours less stringent trade tariffs.. The move higher comes after gains last week, which saw investors shift into cyclical stocks while rotating out of technology.
EUR/USD, Oil Forecast: two trades to watch
EUR/USD recovers from a 2-year low but gains could be limited, Oil steadies after 6% gains last week.
Equities weekly forecast: Macy's, Dell & easyJet
Earnings from Macy's, Dell and easyJet are in focus this week....
S&P500 Forecast: SPX falls with PMI data up next
U.S. stocks are heading for a soft open, ending a broadly positive week on a more cautious tone ahead of the release of PMI data. The Dow Jones is on track to rise 1% this week, while the S&P 500 is set for 1.3% gains. The Nasdaq is up 1.6%. Attention is on US PMI data which is expected to show services and manufacturing PMIs rising in November.