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Bitcoin traders should track Wall Street, Nvidia for directional cue

With bitcoin effectively taking its general trend from the stock market these days, traders should take note that US indices are mixed around all-time highs and Nvidia (a key driver of the Nasdaq) trades below resistance ahead of a key earnings report.

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Dow Jones Forecast: Stocks muted as the Fed meeting begins, earnings continue

US futures are pointing to a muted open after strong gains in the previous session, as the Federal Reserve begins its two day policy meeting and as earnings continue to roll in. The Fed is widely expected to leave rates unchanged. However, the market will be watching commentary tomorrow on the future path for interest rates in light of recent strong data. US Consumer confidence data is due later today and is expected to ease to 100 from 103.

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November 1, 2023 12:06 AM
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Dow Jones Forecast: Stocks slip with bonds in focus after jobs data

US stocks are set to open mildly lower as as treasury yields inch higher and US jobless claims remain low by historical standards. The jobless claims data comes after weak ADP payroll data yesterday, which helped to spark a recovery in treasuries -although the recovery in the bond market appears to have been short lived. Investors will keep a close eye on treasury yields as Fed speakers come into focus.

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October 6, 2023 12:08 AM

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ASX200 Afternoon Report September 14th 2022

The ASX200 trades 175 points (-2.5%) lower at 6835 at 2pm Sydney time

September 14, 2022 02:27 PM
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S&P500 range now locked and loaded?

The S&P500 extended its rebound overnight, brushing off another round of hawkish Fed Speak ahead of the start of the Sep 10 Fed blackout period AND ahead of next week's all-important CPI release.

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S&P500 upside momentum fading. Is a turn lower looming?

The S&P500 and the Nasdaq closed lower after Friday’s red hot non-farm payrolls data showed the U.S economy added 528k jobs in July (twice as much as forecast), and the unemployment rate fell to 3.5%.

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S&P500 "easy money" gone - what happens next?

A quiet start to the new trading week as U.S stock markets closed mixed ahead of this week's FOMC and Q2 GDP data and earnings reports from U.S Mega Tech companies.

July 26, 2022 01:39 PM
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S&P500 bear market squeeze set to tighten its grip

The S&P500 closed 2.62% higher overnight, for its best session since June 24, rallying back to the 3950 level it brutally rejected in late June.

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Where to resell the S&P500?

Last week, U.S stock markets extended their recovery after a punishing first half of the year. The S&P500 finished the week 2% higher while the tech-heavy Nasdaq added almost 5%.

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After a perfect storm in Q2 will the S&P500 rebound in Q3?

U.S stock markets are on track to lock in their worst first-half performance in decades. The S&P500 is currently down over 15% in the second quarter and on track to lock in an ~20% decline for the first half of the year.

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S&P500 building for a bear market end of month rally?

The S&P500 closed 2.33% higher overnight in its first session this week as the Juneteenth long weekend provided a circuit breaker, allowing investors to regroup after U.S equity markets plunged over 10% the past two weeks.

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S&P500 is the short squeeze over already?

Despite data from China today that showed the Omicron outbreak appears under control and that Chinese economic data may have bottomed, it's been a disappointing day for U.S equity futures, giving back all of yesterday's gains and more

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Things go from bad to worse for risk

There’s no respite as investors continue dumping stocks and other risk assets

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May 12, 2022 06:35 PM
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Asian Open: Brace yourselves, it’s another sea of red on Wall Street

Investors continued to adopt simple strategy of ‘if it moves, sell it’ overnight, seeing equities bonds and commodities move broadly lower.

S&P500 where to from here ?

Last week three central banks, the Federal Reserve, the RBA, and the Bank of England, raised interest rates as the battle to tame inflation intensified.

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Will the bond market meltdown be the undoing of the S&P500 - Part II?

U.S yields punched to fresh cycle highs overnight on robust economic data and hawkish commentary from Fed Governor Brainard.

April 6, 2022 02:04 PM
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Will the bond market meltdown be the undoing of the S&P500?

U.S. yields have surged higher again this week to their highest level since May 2019, after Fed Chair Powell opened the door to a 50bp rate hike at the next FOMC meeting, causing fresh pain for global bond markets.

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SP500 - a dead cat bounce or a stronger recovery Part II?

This morning, the Federal Reserve followed the lead of the ECB last week to deliver a hawkish surprise. The Feds dot plots showed the median dot in 2022 rose to 1.875%, consistent with another six rate hikes in 2022, in line with market expectations.

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SP500 - a dead cat bounce or the start of a stronger recovery?

A synchronised 'risk-on' move across multiple asset classes overnight, including the S&P500 and oil, based on optimism that Russia and Ukraine may find a diplomatic solution to end the bitter war and that OPEC+ will increase oil supply.

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What next for the Wall Street

It was a volatile start to the week as the Russian/Ukraine conflict intensified and news that the Biden administration and allies were discussing an embargo of Russian oil.

March 7, 2022 04:59 PM
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Asian Open: Wall Street continues to slide, Rouble nears 2-year low

It was a sea of red for US indices overnight, with the Dow Jones entering a technical correction and all three major benchmarks hitting multi-month lows.