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DAX outlook: Stocks not out of the woods yet

At the time of writing, the stock markets were starting to come off their best levels. With this being the month- and quarter-end, there will be lots of repositioning today, which may mean lower stock prices later, given that we have been in a risk off market environment for much of September. In any event, volatility is here to stay.

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Earnings This Week: Tesla deliveries, Tesco and Boohoo

Wall Street is fearful that Tesla deliveries could fall short of expectations, Tesco keeps showing why it’s the leading UK grocer, and Boohoo needs to show it can still complete a major turnaround before the end of the year.

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Reddit Stocks: What meme stocks are trending today? – September 28, 2023

What stocks are being discussed and traded today, and which ones are experiencing the sharpest moves before the bell?

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Euro to Dollar Analysis: EUR/USD could suffer from rising oil prices - Forex Friday

Despite softer Eurozone inflation and German retail sales data, the EUR/USD climbed for the second day in the first half of Friday’s session. It was supported because of firmer risk tone across financial markets, driven by a weakness in US dollar and global bond yields. But rising oil prices are among reasons that could prevent the EUR/USD from rising much further.

Research

S&P 500 Analysis: Stocks buoyed by soft data

After heavy selling pressure comes a big bounce. Ironically, today’s bounce in stocks appears to be triggered by softer-than-expected US data. The rationale is that weaker data will discourage the Fed from tightening its belt further, and simultaneously increases the chances of a sooner-than-expected rate cuts.

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Nasdaq100 Forecast: Stocks slip after jobless claims, ahead of Powell

US stocks are edging lower after jobless claims highlighted the resilience in the US jobs market. The data adds to evidence showing that the US economy is holding up better than expected. This combined with higher oil prices fuels bets that the Federal Reserve will keep interest rates higher for longer. Fed Chair Powell is due to speak later.

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September 28, 2023 11:11 PM
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Reddit Stocks: What meme stocks are trending today? – September 28, 2023

What stocks are being discussed and traded today, and which ones are experiencing the sharpest moves before the bell?

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EUR/USD outlook remains bearish amid oil rally, risk-off tone

Bond yields in Germany, UK and US continued to ascend in the first half of Thursday’s session, thus keeping US index futures under pressure. But the US dollar fell for a change, as major currency pairs staged an oversold bounce from key technical levels; the EUR/USD, for example, found support from around the 1.05 psychologically important level, which it had breached momentarily on Wednesday

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September 28, 2023 10:35 PM
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EUR/USD nears YTD low, S&P 500 tags key trendline: European open – 28/09/2023

Index futures are higher ahead of the open, whilst a bounce on AUD/USD during Asian trade teases with the prospects of a potential short squeeze. And with EUR/USD holding above its YTD low whilst the S&P 500 held above a key trendline and 200-day EMA on Wednesday, perhaps a small short squeeze is not such a crazy prospect after all.

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September 28, 2023 04:08 PM
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Reddit Stocks: What meme stocks are trending today? – September 27, 2023

What stocks are being discussed and traded today, and which ones are experiencing the sharpest moves before the bell?

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Gold outlook: Metal falls further as US dollar extends gains

Gold has fallen sharply again today, breaking below $1900 support level. The breakdown has given rise to fresh technical selling below this level, further exacerbating the sell-off. The metal has been coming under pressure from two main sources: Strong US dollar and rising global bond yields, both find strong support on any short-term dips.

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September 27, 2023 09:50 PM
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Nasdaq 100 analysis: Stocks remain vulnerable despite bounce

There was a bit of relief rally for global markets in the first half of Wednesday’s session after a bruising sell-off on Tuesday. Given that the recovery has not been supported by any fundamental news or development, I suspect the sellers will come back and drive stock prices lower again.

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September 27, 2023 08:39 PM
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Dow Jones forecast: How will Nike earnings impact NKE stock?

Nike shares are at an 11-month low ahead of its results as markets worry about a slowdown in US consumer spending.

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EUR/USD, Oil Forecast: Two Trades to Watch

EUR/USD falls as concerns over the economy grow. Oil rises with tight supply in focus and ahead of EIA inventory data.

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September 27, 2023 05:26 PM
Research

USD/CHF aims for 12th bullish day, DAX on the ropes: European open

The DAX finds itself at a 6-month low with Wall Street indices, with DAX futures also pointing to a weak open. Yields need to pull back for it to stand any chance of recovering, and if they do it may even take some steam out of the USD/CHF rally which is trying to tally up its 12th consecutive bullish day.

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September 27, 2023 03:36 PM
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ASX 200 analysis: Like it or not, it’s holding above 7k post CPI

The ASX 200 has continued to show resilience around the key 7,000 support level, despite the surge on bond yields, negative sentiment and rising inflation. What if sentiment improves?

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September 27, 2023 01:04 PM
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USD Price Action: SPX, Rates, EUR/USD, USD/JPY, USD/CAD, Gold

There’s been quite a bit of change since the FOMC rate decision last week and some markets are showing that more than others, begging the question as to whether there’s some re-pricing that’s left to be seen.

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September 27, 2023 05:42 AM

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Reddit Stocks: What meme stocks are trending today? – September 26, 2023

What stocks are being discussed and traded today, and which ones are experiencing the sharpest moves before the bell?

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DAX, USD/JPY Forecast: Two Trades to Watch

DAX falls to a 6-month low on fears of higher rates for longer. USD/JPY rises towards 150 ahead of US consumer confidence.

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September 26, 2023 05:00 PM

EUR/USD, FTSE 100 analysis: European open – 26/09/2023

EUR/USD touched a fresh 6-month low and closed beneath the 1.06 handle. Whilst it could be argued it is oversold, we're yet to see any clear evidence of a market bottom. The FTSE 100 also looks set to move lower after repeatedly failing to close above the July high before momentum turned lower yesterday.

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September 26, 2023 02:50 PM
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Dow Jones, Nasdaq 100: Indices remain in the hands of bond yields

The bond rout and sharp rise in yields continue to take centre stage for sentiment. And the longer this trend persists, the greater the odds appear for indices to finally roll over. Given three key US indices are showing signs of stability around their respective support levels, it brings the potential for a minor bounce over the near-term. But if bond yields keep rising, any such bounce could prove futile for bulls.

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EUR/USD Outlook Darkens as Dollar goes from Strength to Strength - Currency Pair of the Week

The EUR/USD has been among a growing number of major FX pairs breaking to fresh multi-month lows. The euro’s latest losses come after the Dollar Index ended higher for the tenth consecutive week and as risk appetite remained low across financial markets, with major indices breaking further lower this morning. The EUR/USD will be among the key FX pairs to watch this week.

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Cisco to buy Splunk: What you need to know about the Cisco-Splunk deal

Cisco is preparing to complete its biggest acquisition ever by buying cybersecurity firm Splunk.