Two trades to watch: EUR/GBP, Nasdaq
EUR/GBP awaits Rishi Sunak’s announcement. Nasdaq looks to US GDP and jobless claims data.
European Open: FTSE looks tired below 7600, US GDP in focus
With sentiment remaining fragile and futures pointing lower, we suspect the past of least resistance could point lower for the FTSE today.
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Two trades to watch: FTSE, EUR/USD
FTSE falls as growth fears weigh, PMIs due. EUR/USD extends gains, PMI data up next
US open: Stocks rebound after steep losses last week
Stocks are on the rise as investors look to change the tone after steep losses last week.
Two trades to watch: DAX, GBP/USD
DAX rises ahead of German IFO business climate data, GBP/USD rises ahead of BoE’s Bailey.
European Open: Bears eye the DAX after it fumbles its breakout
We were hopeful that DAX could break trend resistance, yet the turn in sentiment shows it was not yet to be. For now, at least.
European Open: Fed Evans thinks they need to go beyond ‘neutral’ rate
Hawkish comments from Fed Reserve member Charles Evans saw the US dollar catch a bid early in the Asian session.
US Retail sales beats (for now), Nasdaq looks set to mean revert
We suspect the Nasdaq can break its 6-week bearish decline, and better than expected retail sales may have provided an early catalyst.
European Open: EUR/USD grinds higher ahead of EU GDP and US retail sales
EUR/USD is a pair to watch today, given the line-up of GDP and employment for Europe, retail sales for the US and Jerome Powell speaking.
Perhaps there’s life in the old DAX yet
It’s not been the best year for the DAX so far, but there are clues that it is trying to form a base (along with some of its largest constituents).
European Open: Reality check for risk as China data misses
Data from China clearly pointed the wrong way and knocked sentiment, but news that Shanghai is aiming to reopen threw in a degree of support.
European Open: Eyes on the euro and a potential 19-year low
EUR/USD came very close to breaking the 2017 yesterday, which would have taken it to its lowest level since December 2019.
Asian Open: Jerome Powell reconfirmed, Russia threatens Finland
More of the same with the Fed as Jerome Powell is confirmed for a second term. The yen rallied on geopolitical concerns as Russia threatened Finland over joining NATO.
Things go from bad to worse for risk
There’s no respite as investors continue dumping stocks and other risk assets
European Open: WTI rebounds above $100, UK GDP up next
Energy markets were supported by the rise in geopolitical tensions between Russia and Europe, which helped WTI print a firm close above $100.
Asian Open: US CPI didn’t provide the clear outcome traders hoped for
There was a lot of expectation that CPI would soften enough to provide confidence that inflation had peaked. Those expectations were not fulfilled.
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European Open: Bruised equity bulls look to US CPI for a reprieve
Given US indices are holding support levels after the latest selloff, a soft inflation print could be the catalyst to lift equities from their lows.
China A50 bounces with CPI, Alibaba earnings in focus
Whilst China’s inflation beat analyst’s estimates, weak producer prices leaves the prospects of further stimulus on the table.
Stocks: Oversold bounce likely to fade
The lack of any fundamental news means today's bounce is questionable
European Open: The euro perks up ahead of German ZEW report
Whilst EUR/USD remains within a 150-pip range, momentum has turned higher from the midway point and hints at a run for 1.0600.
Asian Open: Brace yourselves, it’s another sea of red on Wall Street
Investors continued to adopt simple strategy of ‘if it moves, sell it’ overnight, seeing equities bonds and commodities move broadly lower.
US open: Stocks tumble on global growth concerns, China's lockdown
US stocks are set to extend the sell off as fears of tighter monetary policy & the ongoing China lockdown hit sentiment.