Dollar Extends Pressurized Range, Stocks Attempt to Rally the Bulls, The Real Event Risk is Next Week
S&P 500, Nasdaq 100, US Dollar, Event Risk and FOMC Rate Decision Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 132.00 The Q4 GDP update this past session beat expectations and the Fed’s favorite inflation indicator (PCE deflator) is due for release Friday Between the progress in certain risk […]
Can US Data Bring Back Risk Appetite
Yesterday, markets took on a decidedly risk-off attitude through early trading. Some of that was recovered by the evening. But corporate reports were providing investors with plenty of reason to pause. Microsoft was one of the larger firms to contribute to pessimism, as it reported slower growth in its enterprise software division. That implies that […]
A Break Decided Between Rate Forecasts and Risk Trends
USDJPY, Rate Forecasts and Volatility Talking Points: The Market Perspective: USDJPY Bullish Above 132 USDJPY has developed a remarkably consistent channel, which has led to a range trading-like response from retail traders; but a break will be necessitated sooner than later Carry trade appetite is still a strong influence on USDJPY; but with a FOMC […]
Correlation Between Risk and Return – Analytics & Forecasts – 22 January 2023
Yes, there is a positive correlation (a relationship between two variables in which both move in the same direction) between risk and return—with one important caveat. There is no guarantee that taking greater risk results in a greater return. Rather, taking greater risk may result in the loss of a larger amount of capital. A more correct statement may […]
AUD/USD and NZD/USD At Risk of Additional Losses – Analytics & Forecasts – 20 January 2023
AUD/USD declined below the 0.7000 and 0.6950 support levels. NZD/USD also declined towards 0.6365 and is currently attempting a recovery wave. Important Takeaways for AUD/USD and NZD/USD · The Aussie Dollar started a fresh decline from well above the 0.7000 level against the US Dollar. · There was a break below a key bullish trend […]
Australian Dollar, Dow Jones at Risk as Fed Officials Stress Tight Policy Ahead
Australian Dollar, AUD/USD, Dow Jones, Hawkish Fedspeak – Asia Pacific Market Open: Australian Dollar fell Thursday as risk aversion sank Dow Jones Hawkish Fedspeak was a key driver, Asia-Pacific markets at risk AUD/USD remains above the 20-day Simple Moving Average Recommended by Daniel Dubrovsky Get Your Free AUD Forecast Asia-Pacific Market Briefing – Australian Dollar […]
Signs of a Risk-Off in Risk Asset Markets Curb Optimism in EURUSD
The minutes of the December policy meeting of the ECB released today reinforced the hawkish policy stance that the ECB tried to communicate during and after the meeting: the Bank is far from completing the tightening cycle and more rate hikes are necessary.The key takeaways of the December minutes were that “the direction of monetary […]
Risk stays under pressure in European trading
Here’s a snapshot of the equities space at the moment: Eurostoxx -0.9% Germany DAX -0.9% France CAC 40 -0.8% UK FTSE -0.6% S&P 500 futures -0.4% Nasdaq futures -0.4% Dow futures -0.4% While European indices are seeing modest losses (also in part to catching up to the drop in Wall Street yesterday), US futures aren’t […]
Dow Jones Dragged Down by Goldman Sachs, Nikkei 225 at Risk to Bank of Japan
Dow Jones, Goldman Sachs, Nikkei 225, Bank of Japan – Asia Pacific Market Open Dow Jones 100 underperforms the S&P 500 and Nasdaq 100 Disappointing Goldman Sachs earnings sink financial stocks Nikkei 225 vulnerable with traders awaiting the Bank of Japan Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Asia-Pacific Market Briefing – Goldman […]
EUR/USD remains sideways around 1.0830 amid ambiguity in risk profile, US PPI eyed
EUR/USD is in a rangebound territory as solid yields are weighing on risk-perceived currencies. The release of the US PPI will provide more cues about inflation projections. According to Bloomberg’s poll, the ECB is expected to find an interest rate peak at 3.25%. The EUR/USD pair has continued to trade rangebound near 1.0830 in the […]