Market Update – January 10 – Wall Street in a dangerous game ahead of Powell, CPI, earnings
Treasuries remained firm, yields finished off of their lows. Wall Street turned mixed in the afternoon after the US30 and US500 shed their advances. Hawkish Fedspeak from Bostic and Daly generated some cold feet and subsequent profit taking ahead of Fed Chair Powell’s comments later. The advent of $90 bln […]
Dow and S&P 500 Breakout Collapses But Dollar Holds Onto Losses with Powell Ahead
Dow, S&P 500, Volatility, EURUSD and Fed Rates Talking Points: The Market Perspective: S&P 500 Bearish Below 3,800; USDCNH Bearish Below 7.0000 While there was notable event risk for release Monday – such as the NY Fed’s inflation expectations – it seemed markets were motivated more by Friday’s momentum A false breakout reversal from the […]
US Dollar Sinks to Support After PMIs: CPI Data Ahead
US Dollar Talking Points: The US Dollar started the year with a subtle show of strength but that was soundly rebuked on Friday after the release of PMI numbers. The big US driver for this week is CPI which is set to be released on Thursday. Markets are looking for a move down to 6.5% […]
Bitcoin Forecast: Potential Jump Ahead
Bitcoin keeps forming a narrow range between the levels 16300 and 17000, trying to regain its position after Christmas. So far, it seems that Bitcoin might target the supporting level of 15625 and face resistance at the level of 18350. After that, the asset might pull back. So, let’s observe what is going to happen.The […]
The Week Ahead – Stay focused
EURUSD consolidates as recession fears ease The euro steadies as the eurozone economy could be more resilient than expected. A smaller-than-expected PMI contraction in December may ease concerns that the bloc is over the edge of a deep recession. This could give the ECB, which has been unusually hawkish, more leeway to […]
Gold Prices (XAU/USD) Battered by USD Strength Ahead of NFP Report
Gold (XAU/USD), USD Talking Points Ahead of NFP’s Recommended by Tammy Da Costa Get Your Free Gold Forecast Gold Prices Surrender to Dollar Strength Ahead of NFP Report – Hawkish Fed Weighs on XAU/USD Gold prices have pulled back from their recent high as rate expectations and recession risks continue to drive sentiment. With the […]
Step Ahead – The best range Breakout EA – Other – 8 January 2023
Step Ahead is a range breakout EA. The EA is supposed to handle intraday breakout. It checks the defined range parameters and places stop orders above and below the range. It is a safe EA and does not use grid or martingale. A fixed stop loss is always required. Take profit can be configured based on […]
Asia FX steadies as dollar rebound slows ahead of Fed minutes By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies rose slightly on Wednesday as a recovery in the dollar appeared to have run out of steam, with markets now awaiting fresh cues on U.S. monetary policy from the minutes of the Federal Reserve’s December meeting. Regional currencies came under pressure on Tuesday as sentiment was […]
Newsquawk Week Ahead: Highlights include US & China CPI, and US earnings season
Week Ahead January 9-14th: MON: Swiss Unemployment (Dec), German Industrial Output (Nov), EZ Sentix (Jan), Unemployment (Nov), Chinese Exports/Imports (Dec)TUE: EIA STEO; Norwegian CPI (Dec), US NFIB (Dec), Chinese M2 & New Yuan Loans (Dec)WED: Australian CPI (Nov)THU: Australian Trade Balance (Nov), US CPI (Dec), IJC (w/e 2nd Jan)FRI: ECB TLTRO Repayment Amount Publication; UK […]
S&P 500 and Dow Break Higher Despite Strong Recession Signal, Key US Event Risk Ahead
S&P 500, Dow, Volatility, Dollar, Yields, Inflation and Recession Talking Points: The Market Perspective: S&P 500 Bearish Below 3,800; USDCNH Bearish Below 7.0000 The first week of the year registered a 1.5 percent gain for the S&P 500 and -3.0 percent drop from the VIX, lining up to seasonal norms While the market’s sidled higher […]