S&P 500 Futures, Treasury bond yields depict market’s anxiety ahead of key catalysts – by anilpanchal7 SP500 Futures YieldCurve CentralBanks Macroeconomics
That said, the NY Fed’s business gauge dropped sharply in January to -32.9 versus -4.5 market forecasts and -11.2 prior readings. The data also pushed the Federal Reserve Bank of Richmond’s President and CEO Thomas Barkin to state, “My hope is that we have passed the peak of inflation.” As a result, the US Dollar bulls had a tough ride.
Moving on, the Bank of Japan’s monetary policy announcements could offer immediate directions to the markets and are more important considering the latest tweak to its Yields Curve Control . Following that, US Retail Sales and PPI, expected 0.1% and -0.1% MoM versus -0.6% and 0.3% respective priors, could entertain the market players during a likely busy Wednesday.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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