Dow Jones

Another turbulent session on Wall Street saw the Dow Jones snap a 6-day winning streak, the VIX rise to a 12-week high and drag ASX 200 futures down accordingly.

Dow Forecast Update: The Dow has reached its 4th record high in as many days, on a day when the Nasdaq was plunging. Sector rotation is the name of the game.

AUD/USD probed a key support level after erasing most of the past six days of gains in just two. And that suggests there could be further downside before bulls step back in. The combination of strong earnings, dovish Fed comments and softer Canadian CPI was enough to push gold and the Dow Jones to record highs, which enjoyed their strongest day's performance in 4 months and 13 months respectively.

U.S. stocks point to a higher start as traders assess the implications of an assassination attempt on former U.S. President Donald Trump and ahead of a speech by Federal Reserve chair Jerome Powell later today. Earnings are also in focus with numbers from Goldman Sachs and BalackRock.

The Dow has risen along with the Russell 200 index after the Consumer Price Index (CPI) came in at 3.0% instead of the expected 3.1%. Small caps are set for a big rally, with Russell 2000 index breaking out a good 3% at the time of writing.

Interest rates are starting to be cut across the developed world. The combination of lower borrowing costs and positive economic growth should benefit cyclical assets, including stock indices which have lagged during the aggressive rate tightening cycle of recent years. That presents an opportunity for traders.

U.S. stocks are pointing to a higher start, with the S&P500 and NASDAQ 100 at all-time highs as investors await Federal Reserve chair Jerome Powell's second testimony this week. Fed Powell said that the economy is no longer overheated, raising expectations for a September rate cut. Megacaps and AI stocks are set to rise further, and banks will be in focus ahead of earnings on Friday.

U.S. stocks are heading higher after US non-farm payroll data pointed to a cooling labor market. The NFP report showed that 206,000 jobs were added in June, slightly ahead of the forecast of 190,000. However, the previous two months also saw a combined downward revision of 111,000, and unemployment rose to 4.1%.

US stocks are falling lower after the stronger-than-expected non-farm payroll data raised questions over whether the Federal Reserve will be able to cut rates in September. The data comes after mixed data across this week and ahead of the US CPI and the FOMC rate decision next week. Oil prices are set to fall across the week after Sunday's OPEC+ meeting, which raised concerns over increased supply later in the week.

US stocks point to a lower start amid rising worries over the health of the US economy after weak manufacturing data yesterday. A recent string of softer than forecast macro data points is unnerving investors, even if it means that the Fed cut rates earlier. Oil prices are falling for a 6th day as supply is expected to rise as the demand outlook weakens.

I suspect we're seeing the early moves of a pullback of appetite for risk in general, which saw traders push Wall Street indices and gold lower on Wednesday thanks to weak treasury demand. And it seems to be paving the way for the next leg higher for the USD.

US stocks point to a weaker start as treasury yields rise. Concerns over sticky inflation and high rates for longer hurt mega caps. The US economic calendar is relatively quiet today, with the Fed Beige Book and several Fed speakers in focus ahead of Friday's core-PCE data. Oil prices are rising for a fourth straight day as the OPEC+ meeting comes into view.

We have four full trading days left in the month, and odds favour another bullish month for US indices. However, price action on the daily timeframe has alerted me to a potential pullback, while VIX futures and market positioning are also sending smoke signals to be aware of.

Dow Jones Forecast: the Dow has fallen back to the lower end of the 39,000-price zone amid hawkish sentiment. What’s next?

The record highs created for gold and Wall Street this week appear to have been bad omens, with sharp bearish reversals forming and rate-cut bets being slashed.

Dow Jones Forecast: Market euphoria was halted by hawkish FOMC minutes. Will charts be able to reflect resiliency?

US stocks point to a modestly weaker open amid Fed rate cut uncertainty and ahead of Nvidia earnings tomorrow. Fed speakers have sounded cautious about cutting rates despite inflation cooling in April. The US economic calendar is quiet today. Attention will be on more Fed speakers ahead of tomorrow's FOMC minutes. Meanwhile, Macy's and Lowe's point to a stronger open after beating estimates.