Financial markets try to calm down
The financial markets are trying to regain some calm after ‘hot’ days. The focus is back on quarterly reports (today it is Amazon’s turn), while on the horizon (tomorrow) are the US labour market data.
The underlying situation is unchanged as far as intermarket analysis is concerned. Of note is the new upward acceleration in the Gold/Dollar ratio, with Gold continuing to rise and taking advantage of a break in the US currency.
On the macroeconomic front, today will be dominated by the UK central bank’s decisions. Expectations are for a rate cut of 25 basis points. From the US will come the first important data on the labour market, pending the official report to be released tomorrow.
Quarterly reports. After yesterday’s mixed data (Google reports a drop in revenue on the cloud front), today it is the turn of Amazon and two pharmaceutical giants with Eli Lilly and AstraZeneca, among others.
Our forward analysis indicates an interlocutory situation for equity markets with little volatility and few buying signals. More volatility, however, for the bond market, with yields seen falling. On the commodities front, indications remain positive for precious metals and negative for oil.
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NOTES AND WARNINGS
Analysis automatically generated by kbmeter.com. Analysis date: 6 February 2025 - 7:39 AM GMT+1
This content is provided for informational purposes only and should not be considered financial advice. All scores and assessments are based on the previous trading day’s closing prices. Futures indications refer to the date and time of the analysis.
