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FTSE, Gilts and Pound remain in sharp focus after BoE intervention
For UK assets to stabilise, the BoE needs to bring yields further lower by buying bonds at an “urgent pace,” and on “whatever scale” as it has promised.
S&P 500 reaches new lows for 2022
On January 4th the S&P 500 reached a record high of 4820.2. Today, the large cap index made a new low for the year, reaching an intra-day low of 3620.2, a fall of nearly 25% so far this year!
Technical Tuesday: Nasdaq, WTI, GOLD and USD/CNH
In this week’s edition, we are getting technical on the Nasdaq, WTI, gold and USD/CNH.
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Nothing changes for gold, stocks as yields resume higher
Bearish trend persist for indices and metals as investors watch yields continue to rise following a flurry of central bank action this week.
FTSE rises but global stocks set to remain undermined
The slightly firmer tone is in an overall bearish macro environment, with focus on Fed, BoE and other central bank meetings this week
Stocks, bonds, cryptos and gold struggle as yields press higher
All the attention is on Wednesday’s FOMC interest rate decision.
US open: Stocks drop on Fed jitters
Stocks head lower as nerves set in ahead of the Fed's rate decision tomorrow and after the Swedish central bank hiked rates by 1%, ahead of forecasts.
Two trades to watch: DAX, USD/CAD
Dax rises despite record PPI. USD/CAD edges higher ahead of Canadian inflation.
Stocks, cryptos and metal plunge
Rising interest rate expectations and fears over recession continue to weigh on sentiment
US open: Stocks mixed after retail sales rise & jobless claims fall
US stocks head for a mixed start as inflation fears and hawkish Fed bets linger. Retail sales rise 0.3% and initial jobless claims fall.
DAX: Stocks still reeling after CPI bombshell
After such a big decline, dip buyers will likely be very nimble.
European Open: The FTSE powers ahead, UK employment up next
The FTSE 100 powered through a resistance cluster yesterday as it tracked global equities higher. We see the potential for it to continue, should US inflation soften as expected.
Stocks start week positively but optimism could fade
The biggest factor behind these moves is undoubtedly short covering.
The Dow could appeal to bullish (or contrarian) swing traders
Price action on the DJI (Dow Jones Industrial) and several other markets have flagged the potential for a contrarian setup (favourable for bulls).
Nasdaq breaks support as macro backdrop darkens
Investors appear reluctant to buy anything in this macro environment, where inflation is soaring, global growth is weakening, and central banks are tightening.
Can the Hang Seng cobble together a sympathy bounce?
Whilst the overall trend and sentiment point lower, yesterday’s false break of support could provide a potential bounce for the Hang Seng index.
DAX teetering as Europe’s misery keeps piling up
fears grow that a long cold winter is awaiting Europe
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Index in Focus: China A50
Poor economic data combined with the constant closing and re-opening of certain areas in China have the China A50 on its heels.
DAX: Things go from bad to worse for European stocks
Bets over more aggressive rate hikes and hawkish central bank commentary keep US dollar and bond yields underpinned, and equities & gold undermined.
Index in focus: Germany’s DAX nearing 2022 lows after record-high Eurozone inflation
The DAX has little in the way of support until the 2022 lows in the 12,500 level...
US open: Stocks rise as weaker data is seen as good news
Stocks rise after weaker than expected ADP payroll data sees aggressive Fed bets ease, lifting stocks. Oil prices also extend the selloff.