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S&P500 range now locked and loaded?
The S&P500 extended its rebound overnight, brushing off another round of hawkish Fed Speak ahead of the start of the Sep 10 Fed blackout period AND ahead of next week's all-important CPI release.
Stocks don’t believe the Fed!
Does the Fed have it wrong? Bad data is good data for the stock market as it means that the Fed will raise rates as a slower pace
Preview of AU Dec Jobs data and where to next for the ASX200
Tomorrow at 11.30 am Sydney time, Australian labour force data for December is scheduled to be released.
ASX200 through a fresh 2022 lens
My first day back in the office today since Christmas Eve, which brings with it the benefits of a recharged battery and a fresh lens to view markets.
RBA preview and what comes next for the ASX200?
At its last scheduled monetary policy meeting for 2021, the RBA tomorrow will likely keep interest rates on hold at 0.1% and reiterate that interest rates are unlikely to rise until inflation is sustainably back within its target band.
AU Q3 GDP preview and what Omicron means for the ASX200
Headlines on Friday that new cases of the Omicron variant had been detected in Hong Kong, enough to see the already teetering ASX200 fall 128 points, locking in a 1.6% loss on the week.
Stronger wages data unable to boost the ASX200 after soft CBA trading update
Over the past week and a half, the intraday volatility in the ASX200 has reminded of a caged animal. Its behaviour becoming increasingly frenetic in its attempts to break the confines of a well-established range.
SoMP Preview and what comes next for the ASX200
Wrapping up a massive week for antipodean markets, the RBA’s Quarterly Statement of Monetary Policy (SoMP) that contains the RBA’s key forecasts is released tomorrow.
MAS unexpectedly tighten and what comes next for the China A50
The central bank of Singapore, The Monetary Authority of Singapore (MAS) unexpectedly tightened its monetary policy settings today, to “ensure price stability over the medium term” amid higher inflation.
ASX200 eases ahead of AU business and consumer confidence data
A strong rally on Friday helped the ASX200 close last week 1.9% higher at 7320, bringing a run of four straight losing weeks to an end.
China A50 basing ?
Contrary to moves in other key global indices, September proved to be a good month for the China A50 as it finished up 4.50%. This may come as a surprise given the turmoil caused by China property developer, Evergrande.
USA! USA! USA! Dollar Index and S&P 500 Test Highs as Traders Pile into US Assets
Global capital is flooding into US markets as many traders return from a long holiday weekend.
S&P 500 Bull Market Given a Clean “Bill of Health” by 2019 Sector Performance
Roughly four months after the Christmas swoon in US stocks, sector rotation suggests the bull market is alive and well.
Tech-Heavy Nasdaq in a Health Uptrend, Tech Earnings on Tap to Close the Month
US stock markets stumbled out of the gate to start this week’s trade after a lack of progress on the US-China trade negotiation front this weekend and fresh concerns around Boeing’s prospects. Among the major US indices, the tech-heavy Nasdaq Composite is performing best...
The Dow Breaks Out Of Compression
Having conquered the November high with yesterday’s breakout, the Dow looks up to its record highs with little in the way of technical resistance.
Is Sentiment About To Crack?
With US treasury yields starting to turn lower, just as the S&P500 hesitate at critical highs, we take a look at the bigger picture to see if sentiment could be about to turn for the worst.
S&P 500 Probing 4-Month High Above 2800 on US-China Trade Optimism
After two weeks of constructive trade talks on both sides of the Pacific, we suggested that traders were “expecting the increase in tariffs will be delayed…with some sort of agreement following in either late March or early April.” On Sunday night, President Trump confirmed that he would be delaying the tariff escalation and planning another summit between President Xi and himself (date TBD).
Signs of a Thaw in US Government Shutdown Negotiations Ahead of a Busy Week for US Stocks?
When yesterday’s dueling Democratic and Republican proposals to open the government both failed to garner nearly enough votes in the Senate, it assured that 800,000 government employees would go a whole month without receiving a paycheck. However, it’s often said that “the night is darkest just before the dawn,” and there are some signs that yesterday’s failed votes may serve as the catalyst for a true compromise to end the stalemate.
S&P 500 Breaks Bearish Wedge, Traders Monitoring Earnings and Shutdown Shenanigans
US stock markets were closed yesterday in remembrance of Dr. Martin Luther King, and given the headwinds the world economy faces, perhaps policymakers could benefit from his overriding message of inclusion and cooperation.
AUD/JPY: The FX-Stock Market Correlation Play
One of the first things that new traders to the FX markets learn is that many currencies are correlated with other markets. For instance, the close relationship between oil and the Canadian dollar or certain metals and the Australian dollar are intuitive given the importance of exporting those commodities for the Canadian and Australian economies.
FOMC Minutes: Did Markets Misread Powell’s Post-Fed Comments?
The minutes from each Federal Reserve meeting are released three weeks after the meeting itself, meaning that they’re generally stale under the best of circumstances...
Buying Momentum Falters, Shutdown and Consumer Confidence to Move Dollar
Buying Momentum Falters Asian markets pushed higher overnight, with the exception of the Shanghai Index, which was nursing losses following dismal Chinese industrial profits. Europe also started in the black, although European bourses were back in the red by midway through the European session.
S&P 500: So Much for a Santa Rally!
The last few months have been hard on stock market bulls, to put it lightly...