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Three trades to watch (USD/CNH, Nikkei 225, China A50)

USD/CNH enjoyed its best day since the pandemic yesterday following China’s weak data, as Beijing seemingly to want to allow their currency to slide to help support the economy.

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Copper and USD/CHF have a high negative correlation!

As long as the correlation holds, traders who don’t have access to trade copper can use USD/CHF as a proxy.

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2022 Conservative Party leadership election: Who will be the UK’s next PM?

Liz Truss appears to be the clear favorite over Rishi Sunak in early polling...

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Tight spreads from 0.5 pts on FX and 1 pt on indices.


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Retail Sales data mixed ; USD/JPY continues higher

The July headline Retail Sales print was slightly weaker; however, the core print was stronger. Due to the mixed data, USD/JPY continued its overnight path higher as price broke out of a descending wedge.

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XPeng Q2 preview: Where next for XPEV stock?

XPeng has struggled to grow output in 2022 but markets believe deliveries will accelerate in the second half of the year.

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Reddit stocks: what meme stocks are trending?

Reddit has become a hub for social-media driven traders and investors that have proven their ability to move the markets, injecting huge volatility into stocks like GameStop and AMC. But what stocks are grabbing attention on Reddit today?

What is a meme stock and why are they popular?

Interest in meme stocks has been revived in 2022, but what are they and how do you trade them?

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Gaming stocks 2022: Your guide to the top video game stocks

After a stellar few years, the video game industry looks set for a slowdown. But which gaming stocks might outperform the sector? Find out here.

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How will the stock market react if the Republicans take Congress?

The US midterms are set to take place on 8 November 2022, and although Biden isn’t the one on the ballot paper, the results will heavily shape his ability to pass policies in the second half of his term.

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ASX200 Afternoon Report August 17th 2022

The ASX200 trades 19 points higher at 7124 at 3.20 pm Sydney time.

Research

European Open: UK CPI up next, USD/JPY holds 134 ahead of retail sales

With peak inflation remaining a key theme for traders, attention now turns to UK CPI data at 07:00 BST.

RBNZ Review Hawkish Orr strike fails to boost bird - NZDUSD

The Reserve Bank of New Zealand has today raised the Official Cash Rate by 50 basis points to 3%. It is the RBNZ’s fourth straight 50bp hike in a row, in a tightening cycle that started back in October.

Research

Yes, inflation may have peak but it “remains far too high”

Sometimes the obvious needs to be said. And that is exactly what the BOC’s deputy governor said in his op-ed by stating inflation “remains far too high”.

Walmart beats estimates. What it means for Target?

Walmart earnings beat estimates that had been revised lower throughout Q2. As a result, the price of the stock gapped 5% higher.

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Technical Tuesday: USD/CNH, WTI, S&P and Russell

In this week’s edition, we are getting technical on USD/CNH, crude oil and a couple of US equity indices.

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Uptrend

Index in focus: All eyes on 34K for Dow traders

Why this week’s price action could set the trading bias for US indices heading into September and beyond...

Canadian July CPI weaker than previous month. Peak inflation for Canada?

The July Canadian CPI print came in weaker than June’s print and USD/CAD sold off. Traders may have been expecting an even weaker print, similar to that of the US CPI.

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Eurozone stocks face bumpy road ahead

It is becoming difficult for investors to justify maintaining an optimistic view on the stock markets given a challenging macro outlook - and not just in the Eurozone

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August 16, 2022 09:30 PM

BHP share price pops on bumper profits and record dividend

BHP earnings have exploded to their highest level since 2011 and allowed the miner to pay a record dividend to investors.

Research

European Open: EUR/GBP hints at a swing high ahead of UK employment data

Whilst EUR/GBP has remained mostly within the range highlighted last week, subsequent price action suggests a downside break could be on the cards.

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ASX200 Afternoon Report August 16th 2022

The ASX200 trades 41 points higher at 7105 at 2.45 pm Sydney time.