Daily Market Outlook, January 13, 2023
Daily Market Outlook, January 13, 2023 Markets Poised To Post Weekly Back To Back Gains For The Start of 2023Asian Equities are set to close out the week with a positive tone, following a whipsaw session on Wall Street, as investors digested US inflation data, markets are coalescing around the view that peak inflation is now […]
HFM’s Outlook 2023: UK and the Pound
UK and the Pound – 2023 Outlook This year is expected to be exceptionally challenging for the UK and its economy, with the recovery from the pandemic being overshadowed by a cost of living crisis with low consumer and business confidence, extensive strikes and continuing uncertainty over the war in Ukraine. UK Inflation soared to […]
Daily Market Outlook, January 12, 2023
Daily Market Outlook, January 12, 2023China Inflation Surprises On The Downside, Will The US Follow Suit?Overnight inflation data from China printed in line with expectations at 1.8% year over year, however, there was a downside surprise with respect to producer price inflation, which declined to -0.7% with market watchers pencilling in a -0.1%, the number […]
Inflation boosts RBA’s 2023 interest rate outlook
AUDUSD, Daily Australia’s Monthly CPI indicator rose to 7.3% in the year to November, surpassing market forecasts of 7.2% y/y thus fuelling forecasts of further rate hikes in 2023. The most significant contributors to the rise came from housing (+9.6% y/y), food & non-alcoholic beverages (+9.4% y/y), transport (+9.0% y/y), furniture, household appliances & services […]
HFM’s Outlook 2023: US Stock Market and US500
US Stock Market and US500 – 2023 Outlook The Fed’s monetary tightening in an effort to curb soaring inflation and the resultant recession risk have not been friendly to the stock market in 2022. The US500 has undergone its worst year in more than a decade, with the first double-digit percentage annual loss (-38.4%) since […]
Daily Market Outlook, January 11, 2023
Daily Market Outlook, January 11, 2023 Markets Marking Time Ahead of US Inflation DataInvestors remain upbeat but cautious ahead of tomorrow's US Inflation data. Asian equity markets once again picked up the positivity baton from Wall Street, with Asian equities pushing six-month highs, regional risk-on sentiment remains supported by the promise of a rebound in Chinese […]
AUDUSD and NZDUSD Outlook from the Charts and Fundamental Perspective
AUDUSD, NZDUSD, Dollar and AUDNZD Talking Points: The Market Perspective: AUDUSD Bearish Below 0.6850; NZDUSD Bearish Below 0.6200; AUDNZD Bullish Above 1.0875 The Australian and New Zealand 2-year yields have been rising against their US counterpart these past weeks as speculation of a lower Fed terminal rate has grown AUDUSD is pressuring the midpoint of […]
HFM’s Outlook 2023: Europe and the EURO
Europe and the EURO– 2023 Outlook With weaker growth, tight labour market and higher and longer-lasting inflation in 2022, the outlook for the euro area has worsened. Headline inflation may have ended the year at a lower level than initially anticipated, but partly thanks to one-off government support in Germany, core inflation actually moved higher, […]
Daily Market Outlook, January 9, 2023
Daily Market Outlook, January 9, 2023MSCI Asia Pacific Index In Bull Market TerritoryAsian equity markets took their lead from Friday's positive close to trade on Wall Street, with US equity markets posting their best gains for over a month, markets are once again pinning their hopes on a Fed pause or pivot, this view was […]
AUDUSD, AUDJPY and AUDNZD Outlook Present Very Different Pictures
AUDUSD, AUDJPY and AUDNZD Talking Points: The Market Perspective: AUDUSD Range Below 0.6880 and Bearish Below 0.6650; AUDJPY Range 91 to 88 The Australian Dollar has maintained a relatively light economic docket, which makes it exposed to more active counterparts Technically, AUDUSD has traded head-and-shoulders patterns within a short period, AUDJPY has a drawn out […]