Nasdaq

US stocks are set for a quiet open as investors look cautiously ahead to an appearance by Federal Reserve Chair Jerome Powell later today. His comments will come as the Fed's preferred measure of inflation cooled to 3.5% YoY in October and as the market wraps up a month of impressive gains. Optimism that the Fed could start to cut rates next year lifted the Nasdaq 100 11% this month, its best monthly gain since mid-2022.

“No news is good news” as they say, and if US indices continue to consolidate around current levels, we could be looking at a situation where “no price action is good price action.”

US stocks are rising in risk on trade after comments from Federal Reserve officials raised expectations that the Fed was done hiking interest rates and is looking at when to start cutting rates. The market is now pricing in a 40% probability of a 25 basis point hike in March. Attention is shifting to tomorrow's inflation data for further clues over the path for rates.

Has the rally on EUR/USD gone too far, too soon? Whilst it shows the potential for further gains, a pullback would not come as too much of a surprise. And with the Nasdaq rising ~80% of the Wednesday's ahead of Thanksgiving, we feel inclined to seek intraday bullish setups today.

The Nasdaq 100 is at year-to-date highs and Nvidia is at record highs ahead of earnings this afternoon...

The Nasdaq and S&P 500 both seem somewhat overbought following a rapid three-week surge. Wednesday's price action has raised the possibility of a short-term pullback. Despite this, it's essential to differentiate any potential short-term weakness from a bearish reversal, unless price action on the charts or a strong pushback from the Federal Reserve indicate otherwise.

We are now in mid-November and US stock markets are enjoying one of their best phases this year, all thanks to optimism that interest rates will start to come down in the not-too-distant future now that inflation is on a downward trajectory. The markets do appear a little overbought though after a sharp three-week rally, especially the tech-heavy Nasdaq, so there is a risk of a short-term pullback.

It feels like we’ve reached the part of the economic cycle where the pain sets in. For the Nasdaq and crude oil, such a scenario points to the likelihood of divergent performance over the medium-term.

If we take a step back to admire the view, the Nasdaq 100 appears defiantly bullish with the clout of net-long asset managers fully behind it. Yet with so many headline risks, earnings season, and Fed members speaking this week, it could struggle to break key resistance nearby if geopolitical risks intensify amid calls of 'higher for longer' interest rates.

US stocks are pointing to a mildly higher start after losses on Friday, as the conflict in Israel - Hamas conflict remains in focus. The market mood is still cautious amid concerns that the conflict could escalate further drawing in more Middle Eastern countries, particularly Iran or other oil-rick nations. Earnings season will also ramp up this week with Bank of America and Goldman Sachs due to report tomorrow after encouraging numbers from JP Morgan and Wells Fargo on Friday.

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US stocks are heading for a muted open after US CPI was hotter than expected, but yesterday's FOMC minutes showed that policymakers would adopt a cautious approach when deciding whether to raise rates further (and this was before treasury yields shot higher). Earnings pick up with Delta Airlines flying higher and Dominos disappointing ahead of the official start to earnings season tomorrow.

US stocks are set to fall on the open after the US non-farm payroll report came in almost double the expected level. Job creation rose 336k in September, up from an upwardly revised 227k in August and well above 170k forecast. However, unemployment remained at 3.8% and average wage growth eased to 4.2% The market reaction points to bets rising that the Fed could raise interest rates again this year.

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.

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.

After threatening for weeks to generate a sizeable volatility event, the combination of higher bond yields and US dollar looks to have delivered.

US stocks are set to extend losses as investors continue digesting the FOMC meeting. As expected, the Fed left rates on hold at 5.25-5.5%. However, the Fed also signaled to another rate hike this year and less easing next year. While the end of the hiking cycle is in sight, the meeting had a clearly hawkish bias which the market has latched onto. As if on cue, US jobless claims also came in much stronger than expected, supporting the Fed's stance.