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Index in Focus: China A50
If China continues to re-open its economy, slowly but surely, then the China A50 may continue to move higher as the economy begins to expand once again.
Technical Tuesday: S&P at key battle ground
In this week’s shortened edition, we are discussing the Fed policy and getting technical on the S&P 500.
USD/JPY: Dollar likely to rebound again
USD/JPY is one of the more interesting pairs to watch in this data-light session, as it tests a key support level.
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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?
RBA hike rates by 25bp, more hikes to follow
The RBA used the last meeting of the year to hike interest rates by another 25bp – its eighth hike in as many meetings.
Currency Pair of the Week: AUD/CAD
With both the RBA and the BoC meetings this week to discuss interest rate policy, AUD/CAD could be volatile.
S&P at key level as investors look ahead to Fed
The key question is what kind of a message will the Fed deliver at its highly anticipated rate decision next week.
The consensus is for the RBA to hike by 25bp tomorrow
Whilst the potential for a pause cannot be ignored, I suspect the RBA are more likely to hike rates by 25bp tomorrow as they do not meet again until February.
Week Ahead: OPEC+, RBA, BOC, and China CPI
Although this may be a light week for economic data, there are plenty of events taking place that could cause the markets to be volatile.
Non-farm Payrolls stronger than expected. Does that change the Fed’s plan?
Chances are that Powell and gang stick to the plan and only hike 50bps. However, that’s not to say that they can’t increase rates later if they deem it necessary.
Forex Friday: USD/JPY, EUR/USD, GOLD and YIELDS
In this week’s edition, we discuss the dollar, gold, yen and euro, and look forward to the week ahead.
Two trades to watch: USD/CAD, GBP/USD
USD/CAD looks to US & Canadian jobs data. GBP/USD rally continues ahead of the NFP.
European Open: Currency markets pause for NFP, Equities pull back
Today’s NFP report is the main event for traders, and the consensus forecasts is for headline job growth to soften to 200k (261k previously), and the unemployment rate remain at 3.7%.
US Core PCE lower in September; USD continues lower
If Core PCE continues to fall over the coming months, the Fed may end up hiking rates less than it expects, or even cutting rates before the end of next year.
US open: Stocks rise and USD drops as core PCE cools
US stocks are rising, building on yesterday's strong gains after core PCE eased to 5% YoY, down from 5.2%.
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S&P digesting market’s (over)reaction to Powell speech
Perhaps the markets were not expecting the Fed Chair to explicitly imply that the FOMC will indeed hike by 50bps in December
Two trades to watch: DAX, USD/JPY
DAX rallies post-Federal Reserve Chair Jerome Powell's speech. USD/JPY falls to a 3-month low ahead of core-PCE.
European Open: Flash PMIs and US inflation on tap
The US dollar has continued lower overnight following Powell’s dovish comments, with US inflation data having the potential to extend or reverse some of its move.
OK Fed followers: When is a pivot, not a pivot?
Jerome Powell hit the wires and effectively confirmed that the Fed will slow their pace of tightening, reigniting the argument over what a ‘pivot’ is.
Powell's Brooking Institute speech is a dovish version of his November 2nd FOMC press conference
This was the unofficial pivot the markets have been waiting for.