Economic Updates
Week Ahead: Market shows early signs of reversal ahead of CPI
Market shows early signs of reversal ahead of CPI The equities market began the 2023 calendar year with some late momentum as the US employment data came back softer than expected. Wage growth grew less then with a 0.3% rise vs a 0.4% expected rate. Although the unemployment rate continues to drop. The market took the overall figures a...
2022: A review of the performance of the Stock market and a chance for a rebound in 2023?
It has been a tough year across equity markets in 2022. Most markets emerged from the Covid 19 pandemic with strong rebounds only to be hit with geopolitical conflicts and record high inflation levels. The US indices had one of their worst years indices in history. With higher interest rates causing many of the country’s growth company’s and...
US stocks see mild gains, Yen surges, dollar dumps after BoJ surprise
US indices managed to finish in the green after breaking a four-day losing streak despite the BoJ roiling risk markets with an unexpected change to their YCC mechanism. US Dow futures were down over 250 points in the pre-market but after an impressive come back the Dow eked out a 92 point gain (+0.28%) A notable mover on in the US stock mark...
US equities sink for 4th straight session as Santa Claus rally fizzles
US Stocks continued the sell-off from last week with the Tech heavy Nasdaq leading losses on rate and growth jitters with all three major US indexes hitting 6-week lows. Equity bulls were hoping to see the traditional end of year rally materialise, with the week running up to Christmas being positive or unchanged 15 of the last 20 years, but...
US equities sink for 4th straight session as Santa Claus rally fizzles
US Stocks continued the sell-off from last week with the Tech heavy Nasdaq leading losses on rate and growth jitters with all three major US indexes hitting 6-week lows. Equity bulls were hoping to see the traditional end of year rally materialise, with the week running up to Christmas being positive or unchanged 15 of the last 20 years, but...
Market sells off ahead of Christmas break
Market sells off ahead of Christmas break It was an incredibly bearish week for global equities as markets entered the final trading days for 2022. The selloff in equities was largely due to Federal Reserve Chairman, Jerome Powell, signaling that the peak cash rate may peak at 5.1%. This came after some softer inflationary figures. Furth...
US equities finish lower in volatile session after FOMC hawkish surprise
US equities went into their cash session on a high after a drop in import and export price inflation fuelled hopes that the peak is in and of a more dovish Fed. These hopes were dashed by Jerome Powell near the end of the session, delivering a 50bp hike to the US target rate and giving what was seen as a hawkish accompanying statement and presser. ...
Recessionary fears continue to build ahead of cash rate changes
It is expected to be a big week for equity markets with important economic data to come out this week. Central Banks in England, Europe, and the USA all to announce their updated official cash rates. This should hopefully provide some market direction before the end of the year. Last week the market failed to break out through its long term down tr...
Can the market ever be wrong?
The capital markets are complex, volatile, and dynamic. A collection of buyers, sellers, market makers and many other participants all working together to facilitate the transfer of assets between different parties. However, can the market ever be wrong What is ‘Getting it wrong?' It is often one of the first lessons a market participant lear...
Can the market ever be wrong?
The capital markets are complex, volatile, and dynamic. A collection of buyers, sellers, market makers and many other participants all working together to facilitate the transfer of assets between different parties. However, can the market ever be wrong What is ‘Getting it wrong?' It is often one of the first lessons a market participant le...
US equities snap five day losing streak, Oil tumbles on recession fears
US equities rose in Thursday’s session in a subdued risk environment ahead that saw traders tiptoeing ahead of next week's US CPI figures and FOMC meeting. US indexes broke a five-day losing streak with the Nasdaq advancing 1.1% after having its worst first week of December since 1975 and being the best performer in the session. It was ...
The Week Ahead – CAD, AUD rate decisions ahead, Fed enters blackout period
With US equities flip flopping recently on the market’s perception of a Fed Pivot (or not) and seemingly changing with the wind on any inflation data or jaw boning from Fed members, the week ahead might offer a welcome respite as the Fed goes into its black out period and US data is light on the ground. The major risk events for FX traders loo...
Hold up, the ASX200 is only 4% off its all-time high
It has been a tough year for the stock market in 2022 with a war in Eastern Europe and record high inflation have dominating the news. Furthermore, the drop in growth assets has been spectacular. Bitcoin has capitulated by almost 77% and the once exuberant technology sector has suffered some of its worst losses in years, with the FANG stocks droppi...
US equities mixed but hold post-Powell gains ahead of today’s NFP report
After Wednesday’s explosive up move on what was seen as dovish comments from Fed chair Jerome Powell, Thursdays US session was more of a consolidation ahead of today’s all-important NFP figure. Us indexes were mixed, with falling treasury yields favouring Tech and hurting banks , seeing the Nasdaq as the only index to eke out a gain for the ...
US stocks falter as yields rise ahead of Fed chairs Jerome Powell speech
After a positive lead from the APAC region on China re-opening optimism, US markets drifted lower as traders braced themselves for an expected hawkish Jerome Powell speech to be delivered midway through todays US session. The Dow Jones eked out a small gain while the more risk and interest rate sensitive Nasdaq was the underperformer, not helped...
