Major Indexes were relatively flat overnight as traders digest US earnings and the continued rally into Bond yields. Inflation remains the main focus along with Company Guidance over the coming weeks. The USD continued the move up which pressured commodities and USD denominated currencies. For now, traders are happy to remain risk on into shares although they are...
Major Indexes were mixed heading into the weekend with Asian and European markets ending with gains while the US moved lower. US bond yields spiked higher and the USD found buyers to pressure up off support as the focus remains in 'sticky inflation' and more rate rises to come in the US. US earnings is under way with big banks finding buyers as they benefit from...
Major Indexes were either range bound or weakened in Europe and the US. The DAX drifted lower from the open and the FTSE gave up most of the earlier gains into the close while the DOW ended slightly higher and the Nasdaq added to the previous sessions losses to end lower. Traders will be risk adverse coming into Easter and add to that the US employment data which...
Major Indexes were mixed to start the new week in Europe and the US. The DAX was down while the UK100 was higher while over in the US the DOW was buoyed by a strong energy sector and the Nasdaq ended lower. We may see the markets drift in the coming sessions as they await the key US employment release and further direction for inflation and interest rates. The USD...
Major Indexes continue to move higher with the US supported by tech stocks into the notoriously bullish end of month/quarter 'window dressing'. We have some key economic data out ahead of the US open which will give a further indication on inflation and what we could look forward to from the coming FOMC. Share markets have been strong although the Bond markets...
Short on AUDUSD activated so we will see if this has some legs today for a decent move down.
Gold is looking good for a break down through 1959 to clear out some longs and drag in some sellers. Ideally I want to see a push below 1959 and then a retest for the lower high entry setup. Lets see how it goes.
European markets rallied from the open which led to a strong open to the USD and a very bullish session. All indexes were up as stock traders went bargain hunting as they brush aside banking woes. For me inflation still needs to cool a lot further before bulls can take control and US consumers are not in a good way which may eventually weigh on markets again. Bond...
European markets gapped up and then saw a slow grind lower while the US could not take out the previous sessions highs and also moved lower into the close. The US was weighed down by big tech as inflation and rate rises are again the main focus. US Bond yields continued to press higher which weighed on tech stocks and the overall broader market. Elevated Consumer...
European markets bounced back to finish higher and provide a stronger start to the US session. The US was mixed with the DOW higher while Tech was lower as traders now re-focus on inflation and higher interest rates. This can be seen through support into the USD and higher US Bond yields. As the banking crisis takes a backseat in the news, I expect traders will...
European markets were sold lower again on the back of banking fears and look ready to be pressured again at the start of the new week. The US opened weaker to follow on from Europe but found an intraday low and rallied into the close to brush aside the earlier weakness. The USD is back moving higher after breaking the recent downtrend leaving Gold to find some...
European markets fought back up off lows after and earlier selloff while the US managed to end with minor gains led by Tech shares. Again, banking concerns weighed on the markets which capped bullishness for the session as the USD continued to move lower leading to a rally in Gold and Copper. For me, major US and European Indexes are looking very heavy and...
US Share markets indexes move lower after the US Fed raised interest rates by 0.25% as expected. There are a number of concerns that the market sees and is reacting to as risk assets take a hit. The US Fed showed concern for the banking crisis and expect credit conditions to tighten which does not bode well for growth in an interest rate raising environment. I...
Share markets continued to press higher as they focus on the coming FOMC interest rate release. Concerns over the banking sector are on the back burner for now and expectations for no rate rise from the US Fed may now be baked into the price action. I expect to see the Fed Reserve raise rates by 25 basis points as they still have to battle higher inflation so we...
Share markets bounce back ahead of FOMC after news that UBS will buy Credit Suisse. The rescue news was taken as a positive as bargain hunters supported lows and sent Europe higher with the bullishness flowing over into the US market open. Expecting the market to be supported into FOMC and the Feds outlook on inflation and interest rates. This meeting will be...
A review of the price action from the European session and the US session. European markets were hammered lower on the back of concerns for Credit Suisse and the broader banking sector. The DAX and UK100 were hit hard while the key US indexes held up well considering the fear in Europe. I expect that there may be some catchup from the US if things get worse and...
A review of the price action from the European session and the US session. European markets moved higher once US CPI was released and ended with gains to reverse some of the previous move down. The US was under pressure for a large part of the session only ending in green after a late rally into the close. US Data out showed inflation remains a problem and it is...
A review of the price action from the European session and the US session. European markets were hit with selling across the board while US indexes were relative buoyant from the open on hopes that the Fed will be less aggressive on rate rises. The NASDAQ was supported from the open as the USD pushed lower and Gold higher. US Bond yields fell as bond prices...