Daily Forex and Stock News – Currency – 1 February 2023
FTSE 100 Remains Under PressureEquities in London dropped for a second consecutive session on Wednesday, with the blue-chip FTSE 100 closing around the 7,760 mark, as losses among healthcare and materials offset gains in real estate. All eyes are on the US Federal Reserve’s interest rate decision to be announced later today, with markets expecting […]
USD/JPY refreshes daily low on weaker US ADP report, focus remains on FOMC
USD/JPY turns lower for the second straight day and is pressured by a combination of factors. Bets for smaller Fed rate hikes, sliding US bond yields, weaker US ADP report weigh on the USD. The cautious market mood benefits the safe-haven JPY and contributes to the modest downall. The downside seems cushioned as the focus […]
Daily Market Outlook, January 31, 2023
Daily Market Outlook, January 31, 2023 Nasdaq Back At Five Week Lows, Global Stocks Still Set For First Jan Gains Since 2020Jitters on Wall Street ahead of Wednesday’s FOMC rate decision and Chair Powell’s press conference saw investors paring risk positions, with Tesla giving back over 6% of recent gains, this led to the Nasdaq retreating […]
Daily Market Outlook, January 30, 2023
Daily Market Outlook, January 30, 2023 Central Bank Decisions To Dominate The Data Docket For the WeekAsian markets have started the week with a mixed tone as investors prepare for major central bank decisions from the US, Europe and the UK. The paring in risk appetite comes against a backdrop that has been broadly constructive for […]
Daily Market Outlook, January 27, 2023
Daily Market Outlook, January 27, 2023 Tesla Leads The Charge, Asian Markets Follow Wall Street’s Lead HigherAsian markets are set to end the week in the green taking their lead from robust trade on Wall Street, led by tech darling Tesla that ended the day higher by nearly 11% taking the Nasdaq higher by 2%European investors […]
Daily Market Outlook, January 26, 2023
Daily Market Outlook, January 26, 2023 Asian Markets Back Online & In Buoyant Spirits With Hong Kong Scaling 7 Month HighsAsian markets are trading with a mixed tone, the standout exception is the Hong Kong market which has opened with a strong risk on posture, as the Hang Seng printed fresh seven month highs. The handover […]
Daily Market Outlook, January 25, 2023
Daily Market Outlook, January 25, 2023 Microsoft’s Poor Guidance Puts A Lid On Tech Enthusiasm, Tesla On Deck TodayAsian markets are trading with a mixed tone as the handover from Wall Street lacked the optimism of recent sessions as Microsoft announced earnings that came in marginally better than consensus, however, guidance for the remainder of 2023 […]
Daily Market Outlook, January 24, 2023
Daily Market Outlook, January 24, 2023 Tech Rally on Wall Street Sees Nikkei Back Above 27KThe Nikkei (the only major Asian market open during the lunar holiday week) managed to shake off a third successive monthly decline in manufacturing data to reclaim the pivotal 27k level, as markets were buoyed by another impressive led Tech rally, […]
Daily Market Outlook, January 20, 2023
Daily Market Outlook, January 20, 2023 Chinese Market Head Into Lunar New Year Near Bull Market TerritoryAsian equities close out the week on a firm footing as Chinese investors wind down ahead of next week’s lunar new year holiday. Western markets remained subdued as FOMC vice chair Brainard, deemed to be in the dovish camp, made […]
Daily Market Outlook, January 19, 2023
Daily Market Outlook, January 19, 2023 Bad News Is Bad News After All…Investors responded negatively to a round of weak US data yesterday, the trifecta of retail sales, industrial production and producers prices data left the markets with heightened concerns of imminent recession looming for the world's largest economy, Asian investors followed suit with Wall Street’s […]