On Wednesday, Powell confirmed that the fed funds rate has peaked and that the next move is lower but did not go far enough to please equity bulls drooling over prospects of a cut in March.

Following on from the Fed yesterday, the BoE will step into center stage today.

We expect Eli Lilly & Company to beat expectations when it reports fourth-quarter and full-year 2023 results on Feb 6, before the market open.

German Consumer Price Index for January (EU harmonized) declined to 3.1% y/y from 3.8% y/y in December, better than expectations of 3.2% y/y.

Something strange is happening in the semiconductor market. Sales are down. But stocks of these companies are up.

Wild day in bonds has the market doing something highly unusual. There "shouldn't" be a rally in LT rates so soon after the last big one.

An audience requested quadruple header contest between global stock ETFs from BlackRock, State Street Global Advisors, and Vanguard.

The Fed kept rates unchanged while also trimming hopes for a March cut, and this weighed on the commodities complex yesterday. Meanwhile, a bearish weekly oil inventory report from the EIA added to the downward pressure on the oil market. .

The Bank of England policy decision is on tap and the market will be paying close attention to see what the central bank has to say as it gets going in 2024.

The estimated income earned by a household at the exact middle of the income distribution in the United States slipped by just $33 from the firm's initial estimate of $77,084 for November 2023.

Asian markets showed a mixed performance following losses on Wall Street due to concerns in the banking sector and Federal Reserve Chair Powell's resistance to a rate cut in March.

GBP/USD falls post Fed rate decision and ahead of the BoE announcement. EUR/USD dropped to a 7-week low after the Fed dampened March rate cut bets and ahead of Eurozone inflation data.

The focus shifts to the upcoming labor market data due tomorrow. Given the Fed’s comments around US data, the takeaway is that while data remains strong, near-term rate-cut expectations will remain muted, keeping USD pressured.

Today we're looking at Bitcoin's weekly charts, and we can see that during January's weekly close ranges, the market held up above the $40K mark.

Yesterday, we watched a new attempt by the price of Bitcoin to reach the $44000 level. Yesterday, we saw a limited rise in the price of Ethereum to the $2350 level.

NASDAQ 100 eyes cheap funds; minor dips attract buyers. FOMC meeting key for direction. Market driven by top stocks, $16,950 as buying level, eyes $18,000 rally.

The BSE Sensex and NSE Nifty are trading flat. Titan, Tata Motors, and ONGC are among the top gainers today.

The outlook for the pair is still bearish, with the next point to watch being the lower side of the channel at 0.6550.

GBP/JPY remains under heavy selling pressure for the second successive day on Thursday. The divergent BoE-BoJ policy expectations, along with geopolitical risks, weigh on the cross.

While the Fed did come closer to the market at the December meeting, there was still a clear disconnect.