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Fed expectations swing again, lifting dollar, tech stocks tumble

Strong jobless claims revive higher for longer bets for the Fed, buoying the dollar. Upbeat data also come to pound’s aid, but yen slips as expectations for BoJ surprise fade. Dow Jones and Nasdaq go their separate ways on mixed earnings amid tech selloff.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication...

Broadcast on:
21 Jul 2023

Strong jobless claims revive higher for longer bets for the Fed, buoying the dollar. Upbeat data also come to pound’s aid, but yen slips as expectations for BoJ surprise fade. Dow Jones and Nasdaq go their separate ways on mixed earnings amid tech selloff.

Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.

Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en

Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning

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