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Week Ahead: Continued NFP and Central Bank fallout, RBA, and earnings
With fallout from last week’s events, along with the RBA, markets may continue to be volatile this week.
European Open: FTSE bulls eye new highs, NFP on tap
We wrap off the week with today’s NFP report at 13:30 GMT, but first we’ll see if bulls can retain control of the FTSE 100 following yesterday’s breakout.
ECB hikes 50bps, as expected. Another 50bps hike to come in March
During the press conference, Christine Lagarde seemed to be talking out of both sides of her mouth.
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European Open: EUR/GBP probes YTD high ahead of BOE and ECB meetings
With the Fed having delivered their 25bp yesterday, it is now over to the BOE ECB today, who are expected to hike by 100bp between them.
ECB Preview: All about forward guidance
While a 50 basis point hike is fully priced in, there’s still a lot of uncertainty in terms of forward guidance...
Currency Pair of the Week: EUR/USD
With the FOMC and the ECB meetings, along with a treasure trove of important economic data from the US and Europe, EUR/USD should be volatile this week.
EU markets ease on mixed European PMIs
There were some downside surprises with French and UK services, and German manufacturing, all disappointing expectations
Index in Focus: Nikkei 225 Index
Will the BoJ act when it meets on Wednesday? Traders aren’t taking any chances and are selling the Nikkei 225 ahead of any surprises.
Index in Focus: China A50
The markets seem to be willing to look past the bout of Covid raging through China at the moment. As a result, traders see an opportunity to buy stocks.
FTSE (UK 100) rallying on two positive macro stories to start the new year
The index is gaining nearly 1.5% to start the new year, and more importantly, it has rallied up to test its highest level in seven months...
Dow hits key level as stocks extend rally
Investors have now digested those hawkish central bank meetings, but what's next?
Hawkish ECB causes EUR/AUD to breakout
With a double bottom target and a flag target above, EUR/AUD still has some work to do.
US Data Dump dominates central banks
With Thursday’s poor economic data and the Fed still hiking rates (albeit at a slower pace), a recession may be in the cards for the US!
European Open: FTSE bulls eye 7600 - SNB, BOE and ECB up next
The bullish bias on the FTSE is holding up so far, and attention now moves over to central bank meetings with the SNB, BOE and ECB over a 7-hour period today.
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
DAX: China concerns hurt sentiment
More strict mobility curbs were implemented over the weekend
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European Open: The #FTSE target new highs, US #NFP in focus Read more: https://t.co/DVMqS9H1aj #StockMarket #forex #trading https://t.co/YMkek2PV10
5:08 AM − 03 Feb 2023
Stocks extend rally despite China concerns
Highest number of daily Covid cases have been recorded in China.
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Growth concerns replace inflation woes
…But stock markets keep on rising for now.
Eurozone stocks turn lower as PMIs remain in contraction
Economic activity remains rooted deeply in negative territory, due to the soaring cost of living, rising interest rates and elevated levels of uncertainty.
Pound, FTSE unimpressed by fiscal statement
Tax hikes are going to chock any chances of economic growth that there might be...
FTSE falls as optimism fades
UK investors more worried about a deteriorating global economy, than are hopeful about the US and other central banks easing rate hikes
Indices recover ‘China gap’ but selling could resume
DAX testing 200-day moving average
Two trades to watch: GBP/USD, FTSE
GBP/USD rises as BoE to kick ofF QT. FTSE outperforms on China COVID rumors .
