Equities supported by dovish Fed, corporate earnings
  • 1
  • 2

Equities supported by dovish Fed, corporate earnings

Equities supported by dovish Fed, corporate earnings

Most of the markets continued in their medium-term trends on Thursday, with stocks and oil trading higher, while the USD fell. 

The Fed reiterated (as was widely expected) that it sees inflation as only transitory. Fed Chairman Jerome Powell continued to signal that the central bank was in no rush to tighten its ultra-loose monetary policy in the following press conference. Despite vaccine rollouts and fiscal stimulus bolstering the country’s economic recovery.

That means the current 120 billion USD QE will most likely continue for many more months, being a bullish impetus for stock markets. 

Equity indices were also boosted by solid corporate results from Facebook and Apple, which drove the benchmarks higher during the Asian session. 

Later today, the euro zone's industrial production will be released, along with the business climate index. Additionally, German CPIs are due.

However, the most volatility should come after the US GDP data, with markets anticipating a 6.1% annualized growth in Q1, up from 4.3% in the last quarter of 2020. Finally, pending home sales will be released, together with US jobless claims. 
The promotion is published here only for an informative purpose, THIS IS NOT FINANCIAL ADVICE!
Forex Analyst


Fxdailyinfo have large portion of news for Live, Demo and weekly contest which is very helpful for all type of Traders. Broker houses offer Live contest

Recent Comments

Write a Comment

Forex Featured Brokers


65% Crypto Bonus, Min: Deposit: 100 USD, Broker Type: STP/NDD,
50% Welcome Bonus

Start Trading View Profile »

$500 Welcome Bonus, Broker Type : STP/ECN Leverage up to 1:1000,
$100 No Deposit Bonus

Start Trading View Profile »
HF Markets

Minimum Deposit $5, Leverage up to 1:1000 Broker: STP/ECN/NDD,
100% Trading Bonus

Start Trading View Profile »
Hantec Financial

Minimum Deposit $100, Broker Type: STP/ECN, Leverage up to 1:400,
Free Trading Signal

Start Trading View Profile »
HXFX Global

Minimum Deposit $200, Leverage up to 1:1000, Broker Type: ECN/STP,
100 USD Free Bonus

Start Trading View Profile »

Leverage up to 1:400, Minimum Deposit $100, Broker Type: NDD,
50% Deposit Bonus

Start Trading View Profile »
50% Deposit Bonus Campaign by ATFX
06 February 2023 10:30 PM
10000 USD Trading Demo Contest - N1CM
06 February 2023 03:37 PM
OANDA 100% Forex Welcome Bonus 2023
06 February 2023 11:03 PM

Do you have forex new bonus or promotion?

Tell us your bonus or promotion FOR FREE. It is easier than you think!
Add Promotion!

Best MT4 Broker
with lowest cost
Exclusive Access to
PRO Trader Tools
Free Trading
25% Rescue
Bonus New
Zero Swap Fees
on Gold