Stay ahead of the markets with Swissquote Ipek Ozkardeskaya and Feyyaz Alingan bring you an overview of all asset classes

The Federal Reserve (Fed) decision yesterday was… interesting. As expected, the Fed kept its rates unchanged, said that they are not confident to cut the interest rates but announced the upcoming QT tapering. The market reaction to the decision was mixed. Stocks and yields fell, the US dollar eased and US crude slipped below $80pb.
In equities, Amazon gained more than 2%, AMD fell more than 9% as Super Micro Computer tumbled 14% as earnings missed lofty expectations. Fears regarding a slowdown in chip demand pulled Nvidia and Micron Technology down. Happily, Qualcomm rebounded 4% in the afterhours trading on solid forecast for the current period.
Cannabis stocks, which were flying high on Tuesday following the US decision to reclassify marijuana as a less dangerous drug, fell yesterday, but outlook improved on US’ latest decision to reclassify marijuana as a less dangerous drug.
Today, Apple is due to report Q1 results today due after the bell.
Listen to find out more!

While the Bitcoin price is crashing, some analysts think that the next big Bitcoin demand could come out of China. But how true is that?

00:00 Intro
00:29 Preview
00:44 Bitcoin
03:02 Ethereum
05:56 Avalanche
07:46 Subscribe & Good bye

#crypto #cryptonews #cryptotrading #swissquote

_____
Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr
_____
Discover our brand and philosophy: https://swq.ch/wq
Learn more about our employees: https://swq.ch/d5
_____
Let's stay connected:
LinkedIn: https://swq.ch/cH

Mood among investors is not cheery into the Federal Reserve’s (Fed) latest monetary policy decision due later today. And it’s understandable. The Fed must respond to three straight month jump in inflation and probably take a step back in its plans to cut the interest rates this year.
If the first few months of the year ended in tears for the Fed doves, the AI-related stocks lived up to very high expectations in the Q1. All the Maginficent 7 stocks that reported earnings so far – except from Tesla – surpassed high market expectations. Amazon posted the best beat among them, but the stock price rose less than 2% in the afterhours trading as a weak sales forecast for the current quarter tempered optimism regarding the Q1 results.
Elsewhere, Eurozone grew at the fastest pace in 18 months and exited recession in the Q1. But the EURUSD slipped to 1.0650 on broadly stronger USD, and risks are tilted to the downside at today’s FOMC announcement.
In energy, US crude cleared the 50-DMA and slipped below the $82pb level after the latest AI report posted an almost 5-mio-barrel build in US oil inventories last week and copper futures fell sharply as Fed hawk threaten the reflation trade.
Listen to find out more!

Tesla jumped 15% on Monday after Elon Musk’s surprise visit to China resulted in a partnership with Baidu’s maps and navigation features that cleared the way for Tesla’s full-self driving cars in China. The S&P500 advanced 0.32% while Nasdaq 100 gained 0.36% as the US 2-year yield remained a touch below the 5% level. The Federal Reserve (Fed) starts its two-day policy meeting today and deliver its latest policy verdict tomorrow. We are preparing to hear Jerome Powell ask for more patience and for more time to abate inflation.
Happily, the earnings season is going well. The latest stats suggest that over 80% of the S&P500 companies that have reported earnings so far beat expectations, and helped lifting expectations for Q1 and Q2 earnings across most S&P500 sectors. Amazon is due to report today.
In the FX, the USDJPY trades near 156 as traders remain in the dark regarding whether the officials intervened or not yesterday. The EURUSD tests 1.07 before EZ inflation & growth data.
Elsewhere, US crude fell below $83pb on hope of ceasefire in Gaza, and cocoa futures tanked 15% on higher margin calls and forced liquidations.
Listen to find out more!

The S&P500 record its best performance since October 2023 despite unfavourable economic data for both the US economic outlook and Federal Reserve (Fed) expectations last week. Tech stocks led the rally, market reaction to Big Oil’s weak earnings was mixed wile Friday’s higher-than-expected core PCE print didn’t weigh much on investor sentiment, as most of the price action due to the inflation disappointment happened after Thursday’s GDP report.
This week, two more Magnificent 7 companies – Apple and Amazon – will report their Q1 earnings, the US will reveal the latest jobs data and the Fed will decide.
In currencies, the USDJPY flirted with the 160 level this morning on thin market liquidity due to local Japan public holiday, following the lack of a much-expected intervention - or at least an announcement - from the Bank of Japan (BoJ) last Friday.
In energy, US crude begins the week with a minor slide with hope that Antony Blinken’s efforts to convince Israel to cease fire in Gaza could pay off, as White House announced Sunday that Israel has agreed to hear out its concerns.
Listen to find out more!

Facebook’s Meta went on a 10% freefall yesterday, even after the company announced better-than-expected earnings, but didn’t pull the rest of the tech stocks down with it yesterday. Nvidia gained more than 3% while Tesla jumped another 5% - don’t ask me why.
On the macroeconomic stage, the news were not bright. The first estimate for the US Q1 growth showed that the US economy slowed way more than expected in Q1 and threw a wrench into the soft-landing dream and sparked fears of stagflation, where the economy slows down while inflation persists – which would force the Fed to keep its policy tight. Stocks fell.
But happily, AI may save the day. Microsoft and Google’s Alphabet both jumped in the afterhours trading after announcing sufficiently strong results that met and surpassed expectations.
Exxon and Chevron are expected to announce their Q1 results today.
Listen to find out more!