Oil

US stocks are set to open higher after impressive numbers from Alphabet and Microsoft. Meanwhile, US core PCE, the Fed's preferred gauge for inflation, was hotter than expected at 2.8% YoY, which is in line with February. Personal spending was stronger than expected. The data supports the view that the Fed is in no rush to cut rates. The central bank meets next week.

Stocks are pointing to a modestly higher start as earnings continue to roll in. However, gains could be limited after stronger-than-expected US durable goods orders revived concerns over the Fed keeping rates high for longer. Tesla is set to open 12% higher despite missing both earnings and revenue estimates. The market was more impressed by the news of an acceleration in the production of affordable EV models. Meta will report after the close.

US indices point to a stronger start as corporate earnings continue to roll in. Earnings are providing a welcomed distraction after worries over the Fed keeping rates high for longer hurt sentiment last week. US PMI data is due shortly and is expected to show business activity grew at a faster pace. Tesla is due to report after the close after the EV maker's deliveries fell in Q1 and as the share price trades down 40% this year.

There has been a shakeup at the top for gold, which opened the week at the high and closed the day at the low during its worst day in two years. We also look at a potential swing trade long on WTI crude oil.

EUR/USD futures traders are on the cusp of flipping to net-short exposure, and managed funds are increasing their short exposure to gold and crude oil.

US stocks are set for a mixed open as Iran downplays Israel's attack, helping fears fade. Futures recovered earlier losses, and oil gave back earlier losses. Netflix reported stronger-than-expected Q1 earnings and revenues but is set to fall on the open after revenue guidance for the current quarter was modestly weaker than expected.

US stocks are inching higher after recent losses as chip stocks rebound following impressive earnings from TSMC and despite jobless claims coming in stronger than expected. TSMC is considered a bellwether for chip stocks, so the upbeat earnings have helped the sector, which had fallen in recent weeks. Attention is now turning to Netflix earnings after the closing bell.

EUR/USD rises as the USD rally pauses. Oil steadies after a steep fall yesterday.

US stocks are set for another flat session as investors sit on the sidelines ahead of tomorrow's inflation data. CPI is expected to rise to 3.4% YoY from 3.2% and could raise further doubts over the Federal Reserve's ability to cut interest rates this year. The market is pricing in a 50/50 probability of a rate cut in June and expects rates to be cut by 60 basis points across the year, down from 75 basis points just a few weeks ago.

DAX falls in cautious trade ahead of ECB lending survey. Oil rises as ceasefire hopes diminish, API data up next.

US stocks are pointing to a quiet start after losses last week and as US treasury yields rise. Strong US jobs data and manufacturing reports from last week have seen the market rein in Fed rate cut expectations. The market is now pricing in just a 49% probability of rate cut in June, down from 58% a week ago. There is no major data release today. Looking ahead of CPI and the FOMC minutes will be in focus.

The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange.

US stocks are set to open higher despite rising treasury yields after a stronger-than-expected NFP report. 303K jobs were added in March, smashing forecasts of 200k and raising questions over whether the Fed will be able to cut interest rates three times this year. The market is now fully pricing in the first rate cut in September rather than July. Oil is set to rise 4% across the week amid rising geopolitical tensions in the Middle East.

US stocks point to a higher open after Federal Reserve Chair Powell's speech yesterday and following a rise in jobless claims. Initial claims rose by 9k to 221k, up from 212k ahead of tomorrow's non-farm payroll report. The data comes after Fed Chair Powell reassured the market that the Fed supports cutting rates this year but that more evidence of cooling inflation was needed.

EUR/USD rises post-Powell & ahead of the ECB minutes. Oil rises on supply concerns & an improving demand outlook.

US d=stocks point to a softer open after data highlights the resilience of the US economy. ADP payrolls rose 180k, up from 140k and ahead of forecasts. The data came after factory orders and JOLTS job openings, which were also stronger than anticipated. The persistent strength of the economy raises questions over whether the Fed can cut rares three times this year. Fed Chair Jerome Powell will speak shortly.

EUR/USD looks to eurozone inflation & US services PMI data. Oil rises to a 5- 5-month high ahead of the OPEC+ meeting.