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, […]
USD remains range-bound on dovish Fed rate hike outlook
Asset markets are somewhat sluggish and reluctant to recover on Friday, following Thursday’s drop, which saw S&P 500 breaking through 3900 points. Dollar was slightly bid on the back of growing risk-off, however, during this week the DXY appears to remain in equilibrium in the range of 102-102.50:Despite a slew of negative updates on the […]
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 […]
China Outlook Still Driving Platinum Prices
Platinum, Daily The USDIndex has fallen considerably in recent months and developments in China have been a driver of this trend alongside market expectations of a cooling Fed stance. The lifting of restrictions in China throughout November, followed by an optimistic market mood on how the global economic outlook could turn out, added to the […]
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 […]
Daily Market Outlook, January 18, 2023
Daily Market Outlook, January 18, 2023BoJ Double Down or BustThe Bank of Japan has once again remained anchored to their easy monetary stance, frustrating bond traders who had been poised to profit from an about turn in Yield Curve Control policy, the Japanese Yen shed 2% as the Nikkei ascended by a similar amount. The […]
Daily Market Outlook, January 17, 2023
Daily Market Outlook, January 17, 2023China Growth Concerns Cap Asian Equities EX Japan, BoJ Bets Supports The NikkeiChina growth concerns have put a cap on the Asian equity markets' bullish sentiment with the MSCI Asia Pac index retreating from seven month highs. China data confirmed 2022 as a dire year for the region with a […]
Daily Market Outlook, January 16, 2023
Daily Market Outlook, January 16, 2023 Risk Appetite Remains Buoyant, As The Dollar Makes New Lows For 2023Asian Equities once again took a positive impetus from the rally on Wall Street Friday, with the benchmark SP500 notching up a 0.4% gain confirming back to back positive weekly gains to kick off the new year. Overnight, however, […]
HFM’s Outlook 2023: Japan and the Yen
Japan and the Yen – 2023 Outlook The Japanese Yen was the weakest currency in 2022 because of the Bank of Japan’s commitment to maintaining a loose monetary policy, effectively widening the Yield differentials with other major economies – particularly the US. The Federal Reserve on the other hand was the most hawkish among the […]