While we await earnings from Nvidia (on 22 May) that will be influential on future market direction, we move into the tail-end of US quarterly earnings, but also past a dovish Fed meeting, a strong US ECI report and weaker-than-expected US nonfarm payrolls and 2 hefty bouts of MoF/BoJ intervention.
Yet, despite these landmines, a gentle calm descends over...
We move on from a week where strong momentum markets (AI names, NAS100, JPN225, Mexican peso) were sold down hard, with traders better buyers of the VIX, US30, gold, CHF, USD, and defensive equities (utilities).
Notably, the NAS100 recorded its worst week since November 2022, driven in part by market players part-liquidating an incredibly extended position in...
The dollar remains on the front foot, with the buck benefitting from haven flows amid rising geopolitical risk, as well as the continued outperformance of the US economy; both being factors which point to further upside remaining on the cards.
The greenback has continued to gain ground of late, with the USD rallying to fresh YTD highs against a basket of peers -...
Release time – Thursday on the market close (6 am AEST / 9 pm UK time)
Netflix is one of the preeminent trading stocks - where we often see big movement, a high propensity to trend and sizeable intraday high-low daily ranges that can appeal to the day traders.
With Q124 earnings due on Thursday and the possibility of another sizeable price catalyst, Netflix is...
The markets have come alive with the sound of derisking, deleveraging, hedging and broad managing of risk exposures. Friday was about managing risk going into the weekend, but today was different and the move could have legs - where for many playing defence has been the order of the day, while we have also seen traders getting aggressive, with shorting activity in...
US CPI, once again, surprised to the upside of expectations in March, sparking a hawkish cross-asset reaction as the balance of risks tilts towards later, and fewer, Fed cuts than markets had expected, as price pressures remain stubbornly high.
Headline CPI rose by 3.5% YoY in March, a significant uptick from the 3.2% YoY pace seen a month prior, and above...
