Matt Simpson
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European Open: Tight ranges ahead of NFP but implied volatility perks up
The conclusion of the FOMC meeting at 19:00 GMT is hands down the main even, so we could be in for a session of tight ranges beforehand (and fireworks after).
European Open: China’s PMI squeeze in a surprise expansion, GBP/AUD turns higher
China’s PMI beat expectations and expanded, which could give global growth prospects a boost as China continues to reopen
Australia’s retail snails weigh on December's trade figures (again)
Australia’s retail sales were down a lot more than expected in December, suggesting much of the hype had died over the Black Friday Sales and Cyber Sales Monday in November.
European Open: $82 continues to defy WTI crude bulls
Despite hopes of a rebound in demand due to China’s reopening, oil bulls have repeatedly failed to help WTI crude oil close above $82 – and momentum now points lower.
Commitment of traders report (COT):
The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange.
Is the USD/JPY bearish move becoming ‘long’ in the tooth?
Shorting USD/JPY is not a new idea, and as the pair has erased around half of its 21-month rally, we see the potential for a bounce over the coming weeks.
AU inflation – a report to match Australia’s (hot) weather
There’s no escaping the fact that Australian inflation continues to point the wrong way for the RBA and consumers alike. And today’s report should quickly eradicate hopes of an RBA pause in February.
European Open: Gold considers a fresh 9-month high, PMI’s in focus
Trading volumes may be lower due to China’s lunar new year celebrations, but it didn’t prevent gold from trying to break to a new cycle higher overnight.
Market pricing and economists favour a 25bp hike from the BOC tomorrow
Market pricing and the consensus among economists firmly points towards a 25bp hike from the BOC tomorrow.
European Open: Futures point higher, DAX and FTSE bears to fade the rally?
The overnight session had a slight risk-on vibe as China claims to have reached ‘park covid’ ahead of the lunar holiday.
Is it the end of the bear-market rally on the S&P 500?
Have we just seen the end of a bear-market rally? Possibly, perhaps not. But it does appear that a prominent swing high has formed.