Indices

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.

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!

In this week’s edition, we are getting technical on the Nasdaq, WTI, gold and USD/CNH.

Bearish trend persist for indices and metals as investors watch yields continue to rise following a flurry of central bank action this week.

The slightly firmer tone is in an overall bearish macro environment, with focus on Fed, BoE and other central bank meetings this week

All the attention is on Wednesday’s FOMC interest rate decision.

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.

Dax rises despite record PPI. USD/CAD edges higher ahead of Canadian inflation.

Investors appear reluctant to buy anything in this macro environment, where inflation is soaring, global growth is weakening, and central banks are tightening.

Whilst the overall trend and sentiment point lower, yesterday’s false break of support could provide a potential bounce for the Hang Seng index.

fears grow that a long cold winter is awaiting Europe

Downtrend could resume despite goldilocks NFP report

“Risk off” was written all over the markets today

Poor economic data combined with the constant closing and re-opening of certain areas in China have the China A50 on its heels.

Bets over more aggressive rate hikes and hawkish central bank commentary keep US dollar and bond yields underpinned, and equities & gold undermined.

The DAX has little in the way of support until the 2022 lows in the 12,500 level...

Stocks rise after weaker than expected ADP payroll data sees aggressive Fed bets ease, lifting stocks. Oil prices also extend the selloff.