Ipek Ozkardeskaya's Comment & Analysis
A complete archive of Ipek Ozkardeskaya's articles, including current analysis & comment.
The S&P500 stepped into the bearish consolidation zone after having cleared a major Fibonacci resistance, the 38.2% retracement on the summer rally. Nasdaq fell another 1% and tested the 50-DMA to...
Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole meeting wreaked havoc across the equity markets on Friday. His message was crystal clear: inflation must come down even if...
The US dollar bounced lower, yesterday, following the weak economic data in the US, which showed that new home sales slowed, and business contracted. The flash PMI figures showed that services in the...
Monday blues kicked in following a $7 trillion rally since July, which was mainly fueled by the expectation that the recession rhetoric would convince the Federal Reserve to stop raising the rates and...
The trading week kicks off on mixed sentiment. Last week marked the end of a four-week winning rally in the US stocks, and the new week starts with unpleasant news that drought in China’s...
The Norwegian central bank raised the interest rates by 50bp yesterday and said that there will be a similar move in September, to tackle the soaring inflation in Norway. The Philippines hiked by 50bp...
The equity rally in the US didn’t pick up momentum after the Federal Reserve (Fed) released its latest meeting minutes, which sounded more hawkish-than-expected, or more...
European and US indices traded mostly in the positive on Tuesday. The DAX gained near 0.70% and is preparing to clear the major 38.2% Fibonacci resistance on year-to-date selloff despite the deepening...
Lack of direction is what investors will be suffering until we see clearer signs of inflation abating. And that will take time, as we must see a couple of encouraging data points to call the central...
US equities could hardly consolidate the gains they posted following Wednesday’s softer-than-expected inflation data in the US, even as the producer price index printed the first monthly decline...