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Stocks down, USD and Yields up ahead of key FOMC meeting

US stocks slid in a choppy session where a positive open soon sold off sharply on the back of a positive JOLTS report sparking a “good news is bad news” reaction in equity markets. The JOLTS survey showed that job openings surged in September, rising to 10.72 million, well above the expected 9.85 million, this saw rate hike odds soaring ahea...

November 2, 2022
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The Week Ahead – The Fed takes centre stage along with the RBA and BoE in a data heavy calendar

With the bulls fully in charge, global markets head into the first week of November with one of the most important economic calendars we’ve seen this year to look forward to. Risk-on has certainly been the narrative in October so far, with the Dow Jones index surging 5.89% last week, up 14.4% for October and on track, coming into its last trad...

October 31, 2022
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CPI figures released for Australia

The Australian Consumer Price Index, (CPI) data was released earlier today with the figures coming out higher than expected. The CPI provides important information about the change in the price of goods and services purchased by consumers, by measuring household inflation and includes statistics about price change for categories of household expend...

October 26, 2022
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US stocks rally during cash session, futures down after market as Microsoft and Alphabet earnings disappoint.

US equities markets had another strong session as a flurry of weaker than expected housing and consumer confidence figures kept the Fed pivot dream alive. Growth and tech stocks outperformed with all major US indices finishing well in the green ahead of major earnings releases after the bell. The big movers after hours are Microsoft (MSFT) a...

October 26, 2022
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US stocks rip higher again, China falters and Yen-tervention fails

Another day, another push higher in US equities as the market mood remains buoyant during what has so far been a good earnings season, with much more to come. Services and manufacturing PMI figures out of the UK, EU and US all came in weaker than expected and well in contraction territory, in the equity market theme is “Bad news is good news” (...

October 25, 2022
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US stocks rip higher again, China falters and Yen-tervention fails

Another day, another push higher in US equities as the market mood remains buoyant during what has so far been a good earnings season, with much more to come. Services and manufacturing PMI figures out of the UK, EU and US all came in weaker than expected and well in contraction territory, in the equity market theme is “Bad news is good news” (...

October 25, 2022
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The Week Ahead – Central banks, inflation and corporate earnings set to take centre stage.

Global markets are in for a busy last week of October, with inflation, growth and Central bank rate decisions set to be released from multiple countries. We’re also in the midst of US reporting season, last week solid earning helped propel US Indices to a very big up week, the Dow Jones rising over 5%. With all this going on. another volatile ...

October 24, 2022
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US equities decline amid global inflationary headwinds as yields and the Dollar jump.

US stocks broke a two-day winning streak with the major indexes finishing moderately lower as global inflation fears lingered after both Canada and the UK CPI figures came in hot, showing signs that the inflation peak may not yet be in.   With risk aversion back (for the day at least) Bonds were sold off (Price down, yields up) with the ...

October 20, 2022
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Is Credit Suisse running out of Credit?

This year has not been kind to the domestic and global economy. The financial woes keep rolling in, this time an old issue has rear its head with one of largest global investment banks seeing its share price drop significantly. That institution in question, is stalwart Credit Suisse. Credit Suisse’s share price is down more than 70% – from 1...

October 20, 2022
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US stocks rally, Dollar slides as markets turns risk on amid UK fiscal U-turn and positive US earnings

US stocks soared in Monday’s session in an epic short squeeze as markets turned risk-on after new UK Chancellor pivoted on proposed tax cuts that had roiled UK bond markets and Strong bank earnings from the US calmed recession fears. The Dow Jones finished the session up 1.86% , with the tech and growth heavy Nasdaq outperforming, up 3.43% und...

October 18, 2022
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Natural Gas – Technical Analysis

Natural gas has fallen roughly 30% since the start of September, and has now landed on a daily trend line. Taking a look at the last couple of weeks of price action, natural gas has been consolidating between $6.5 to $7.3 for the last 3 weeks as it decides on the next move. Analysing the area that natural gas is currently sitting on, there i...

October 18, 2022
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The Week Ahead – Volatility set to continue with key inflation readings from UK, Canada, NZ, EU and Japan.

Volatility in markets is set to continue this week with a slew of inflation figures from Canada to New Zealand being released, along with Australian employment figure and the minutes from the last RBA meeting where they surprised markets with “dovish” rate hike. Last week saw the markets react violently to the hot CPI figure out of the US, w...

October 17, 2022
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US equities surge after shrugging off hot CPI figure in chaotic session

US stocks ripped higher after a hot CPI figure saw the S&P 500 open over 2% down from the previous close only to finish up 2.6%. This came despite an Inflation figure that was higher than analysts expectations (8.1% YoY)  at an 8.2% increase from September last year and a 40 year high. S&P 500: This is only the 5th time in histor...

October 14, 2022
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US stocks end slightly lower in a choppy session after hot PPI data and mixed FOMC minutes.

US markets mostly tread water ahead of todays CPI figure, equities and the USD traded in a fairly tight range, a lack of expected chaos out of the UK and what were considered a mixed FOMC minutes saw markets in a holding pattern as traders await US inflation data. Though a modest drop as compared to recent times, it still marked the 6th down day...

October 13, 2022
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The week ahead – Big US data in the spotlight as the markets still dance to the Feds tune.

The first week of Q4 proved to be a volatile one in global markets. US equities got off the best start to a quarter since 2009 (Best start of Q4 since 2002) on Fed pivot hopes, only to decline sharply in the second half of the week as those hopes faded on the back of a blockbuster Non-Farm employment report before the market opened on Friday. &n...

October 10, 2022
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