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Who will steal the show?🤔
The FOMC and BoE take center stage now that the ECB, BoJ, and BoC decisions are out of the way. On tap to impact yields are the FOMC, the Treasury refunding, and the US Jobs report.
Stay tuned for the economic showdown!
Market Brief – 31/01/2024
US Technology Stocks decline ahead of Fed interest rate decision and press conference. Only the Dow Jones witnessed bullish price movement during the US session. 📉
Both Microsoft and Alphabet beat earnings and revenue expectations, but stocks declined. Analysts advise investors to take the opportunity to “cash in” previous profits. 💰
US Dollar Index trades higher but US Bond yields fall to weekly lows. Investors fix attention on upcoming employment data and the Fed Press Conference. 💵
Dollar traders attempt to predict the outcome of the upcoming press conference after considerably strong US data. 📊
Euro rose in value against all currencies on Tuesday, but the region’s GDP continues to indicate stagnation and a risk of recession. Euro declined against all currencies during this morning’s session. 📉
📢 Join the Countdown! 📈 All eyes will be on Powell's insights tonight! 👀
No rate drama, but major policy moves ahead. Powell to downplay March rate cuts, keeping options open amidst resilient economy, tight labor market, and lingering inflation risks 💼 though there will be no drama in terms of the rate decision as the Fed is firmly on hold.
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Tensions rise in the Middle East as three US Soldiers are killed in a base near the Syrian-Jordan border after being attacked by Iran-backed militants. Crude Oil price opens 1.15% higher. 🚀
Gold rose 0.63% on Monday due to rising tension in the Middle east. Traders are evaluating whether the market will witness a “risk-off” sentiment this week as gold obtains buy signals from technical analysis. 💰
All eyes on the Federal Reserve’s press conference on Wednesday. Analysts expect the Federal Fund Rate to remain unchanged, but the Press Conference will signal the Fed’s future path. 👀
The USA100 is expecting increased volatility on Tuesday due to earnings from Microsoft, Alphabet and AMD. 📈
The Australian Dollar continues to trade sideways as investors await the country’s latest inflation data. Australian inflation expected to decline from 4.3% to 3.7%. 💱
Stock Market into correction mode ahead of the weekend
🌎Asian stock markets corrected, led by a -1.5% Hang Seng drop after tech stocks came under pressure in US session.
JPN225 lost 1% post deceleration in Japanese inflation supporting drop in 10-year JGB rate.
🇪🇺European futures slightly higher, though GER40 is underperforming, as markets continue to read dovish signals into Lagarde's comments.
🇺🇸US: Fed funds futures firmer as markets see economy's "immaculate deflation" intact.
🌎German consumer confidence unexpectedly declined - shows business and income expectations deteriorated sharply.
UK consumer confidence improved more than expected.
💲USDIndex breached 103.50, while EUR has been under pressure. EURUSD dipped to 1.0812 post ECB.
🛢USOIL broke $76 level and 2-mth high, heading for biggest weekly gain since Oct on sustained geopolitical tensions, lower US crude stockpiles, and prospects for govt stimulus in key crude importer China.
Market Recap: Has US avoided recession in 2023? ECB also on tap
🧳Treasuries were weak with yields higher, hit by the double whammy of stronger than expected PMI and an ugly 5-yr auction.
🇨🇳China bourses continued to rally after PBOC stepped up support measures by cutting reserve requirements, while hinting at possible rate cuts.
European futures in the red, however, as ECB meeting comes into view.
🇺🇸US futures slightly higher on anticipation of US GDP.
🚘Tesla (-5.93% after hours) posted 23% decline in profits for 2023, its 1st annual decline since 2017!
📈Microsoft becomes 2nd company ever to top $3 tln valuation on AI-driven rally.
USDIndex slipped to 102.52 but bounced back to 103.25.
🧈Gold was down -0.83% to $2012.50 on stronger PMI data and further trimming in rate cut bets. Markets have reined in expectations for early rate cuts in US and Europe, and BOJ Ueda yesterday hinted that the exit from the negative interest rate environment is coming into view. That should keep gold range bound for now.
Market Recap: China bourses move higher; JGB yields spike
📈Hang Seng is up 1.9% after a late bounce. Hopes of a forceful market rescue package continued to underpin demand.
🇯🇵Japanese markets underperformed, with both stocks and bonds hit by speculation BoJ is laying the ground for an exit from the negative interest rate environment. Japan reported exports jumped nearly 10% in Dec. JPN225 (Nikkei) lost 0.8% to 36,226.48.
🇪🇺Europe & US futures higher as Treasuries and EU bonds advance. US500 rose to 3rd straight fresh ATH at 4864.6, US30 was dragged lower as 3M tumbled more than 10% on Tuesday after below-expectations 2024 profit outlook.
📈Alibaba surged 3.8%, Procter & Gamble climbed 4.1% & United Airlines flew 5.3% higher after stronger Q4 2023 profit.
📺Netflix rallied 8% afterhours after handily beating Q4 subscriber estimates.
💲USDIndex found legs and rallied to 103.57. Firmer against 7 of its G10 peers.
🇯🇵USDJPY steadied at 147.70 as Yen gained support from Ueda comments.
Market Recap: Asia stocks higher; Yen up post Ueda's comments
🇨🇳 Reports that Chinese officials are looking into a stock market rescue package has given Asian equities, particularly the Hang Seng, a big lift. 🏦 BoJ left policy unchanged, maintaining its -0.100% policy rate and keeping YCC intact, as well expected.
🇯🇵 BoJ Ueda said there is more certainty in the outlook, which saw JGBs paring earlier gains.
🖥 Microsoft and other tech giants along with Goldman shares, which jumped 1%, have boosted the Dow higher.
💲 USDIndex slipped to 102.70 from 103.384 and is seeing broadbased declines.
💴 USDJPY has been choppy, spiking to 148.55 before drifting to 147.86.
🛢 Oil prices reached $75 again, as US & UK launch new strikes at Iran-backed Houthi rebels in Yemen, adding to Middle East tension.
₿ BTCUSD dropped below $40,000 as launch of first US ETF holds the digital currency abated, as investors take profits off the table. Ether, the second-largest crypto, fell 6% to $2,325.
Are you ready to make informed decisions? Find out what the top economic events of this week are and be prepared to plan your next trades!
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The earnings calendar gets busier in the coming week with reports from Tesla and Netflix. Stay tuned as their results could move the markets.
Check out our Earnings Calendar to create your action plan
Morning Brief - 18/01/2024 - Gold Council Indicates Higher Prices Amid Geopolitical Tensions
🧈Gold Report indicates high Gold demand from institutions amid Middle East tensions and possible lower rates. However, economists advise it will depend on Fed interest rates.
💴Yen performs well against all currencies as investors eye upcoming BOJ policy and press conference.
🇺🇸USA100 breaks above trend-lines and Oscillators' neutral zone indicating potential buy. However, pressure remains as US data reads higher than expectations.
📉NASDAQ buyers use lower purchase price to enter ahead of next week’s earnings. Eyes on Microsoft (Tuesday), Netflix (Tuesday) and Tesla (Wednesday).
🌎Global investor risk appetite rises today. Asian and European stocks rise while Bond Yields decline.
Daily Market Brief – 16/01/2024
🌎Dollar Demand Rises and Global Stocks Tumble As Investors Misprice Rate Cuts
🦅Investors price in 6-7 rate cuts in 2024, but Fed remains hawkish. Economists advise only 3-4 cuts are likely.
🗣 Fed members advise interest March cuts are premature and investors are getting ahead of themselves. 🚫📅
During this morning’s Asian session, US 10-Year Bond Yields rose 0.055%, back above 4.00%. All global Indices decline! 🌏📈
US Dollar Index trades 0.66% higher, highest since Dec 13. This afternoon’s Empire State Manufacturing Index can increase volatility. 📈📉
Pound depreciates against all currencies after UK salary growth declines to lowest since May 2023. 📉
Investors eyeing Goldman Sachs and Morgan Stanley’s Quarterly Earnings Reports. Both are expected to see a weaker quarter. 📊
This week the focus is on the week-long World Economic Forum in Davos. What else is happening that could move the markets? 📅
#hfm #weeklyeconomiccalendar
The SNP500 Renews Its All-Time-Highs. Investors Turn to Upcoming US Data
BOE Members of MPC vote for an interest rate cut for first time since Jan 2020! Nonetheless, Pound continues to gain against the currency market as a whole. 💷
Investors take advantage of the lower purchasing price amongst tech company stocks. NASDAQ recovers and trades closer to previous highs. 💻
Apple, Amazon, and Meta earnings beat Wall Street expectations. Apple fell 2.92%, Amazon rose 7.11% and Meta trades more than 15% higher. 📦🔍
Apple's 🍏 revenue rose for first time in over 12-mths. Nonetheless, investors still sold shares as the company confirmed they are encountering difficulty in China, one of their largest markets. China previously has accounted for up to 25% of Apple’s revenue.
Analysts expect US Unemployment to rise from 3.7% to 3.8% and NFP Employment Change to read 188,000. 📊
USA500 traders await vital earnings data from ExxonMobil, Chevron, McDonald's and Caterpillar, as well as today's Employment data. 📈
Market Brief – 01/02/2024 - Dollar Rises As Fed Confirms No Rate Cut At March's Meeting
Fed Chairman advises interest rate cuts are not likely in March. However, bond yields continue to decline indicating institutions continue to believe cuts are impending. 🏦
USD increases to monthly highs and continues to out-perform all currencies. Investors now turn attention to the BOE MPC Votes. 💵
Analysts expect the BOE MPC to be slightly less hawkish than December. Votes for a rate hike expected to decline from 3 to 2 votes. 📉
USA100 declines by 2.5% over two consecutive days after earnings data was unable to support individual stocks. 📉
Traders are considering if investors will take advantage of the lower price ahead of tonight’s vital earnings data. 🤔
Stock traders turn attention to earnings from Apple, Amazon and Meta. All three are expected to release higher earnings compared to Q3. The three stocks make up almost 18% of the NASDAQ. 💼
📢 Join the Countdown! 📈 All eyes will be on Powell's insights tonight! 👀
No rate drama, but major policy moves ahead. Powell to downplay March rate cuts, keeping options open amidst resilient economy, tight labor market, and lingering inflation risks 💼 though there will be no drama in terms of the rate decision as the Fed is firmly on hold.
Join here Today
Monday’s best performing currency was the Japanese Yen 📈 which took advantage of a lack of economic data and a rise in geopolitical tensions 🌏.
Japan’s unemployment rate declines to 2.4% 📉, the lowest in 10-mths and investors may opt for the Yen due to a possible tightening cycle in the 2nd half of the year.
Gold increased by 0.72% ✨ but now trades close to previous resistance levels. Will Gold form a breakout? Analysts advise it depends on Fed outlook and geopolitical tensions 🤔.
Investors await earnings from Microsoft, Alphabet and AMD 💼. All three stocks rose in value on Monday 💰.
USA100 rises ahead of tonight’s vital quarterly earning reports 📈. Of NASDAQ’s 20 most influential stocks, only three saw a slight decline.
Dollar Index will largely depend on this afternoon’s CB Consumer Confidence and JOLTS Job Openings 💵. Higher than expected data can support the Dollar and pressure gold prices 💼.
There’s a busy week ahead, with announcements from the FOMC and BOE and the latest NFP report, as well as earnings from some of the biggest companies! 📈
Be ready for all these market moving events by checking the full Economic Calendar on our website
Next week, mega-cap tech giants AAPL, AMZN, META and MSFT will report earnings for the just-ended holiday quarter, contributing significantly to the market’s rally.
Check out our Earnings Calendar to create your action plan
We have plenty of releases in the last full week of January. In focus will be Q3 GDP growth and also the ECB rate decision and conference. Even though rate cuts are on the agenda this year, for now the ECB remains firmly in wait-and-see mode.
This session’s live analysis will examine your favorite assets' increased volatility!
This is your session!
#HFM #Liveanalysis #q3gdp #ecb
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Autochartist alerts! 📈🔔
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Elevate your trading experience now! 💹
Market Recap: Stocks extend rally except Chinese
🇨🇳 China's lending rates remain unchanged, disappointing markets after PBOC maintained borrowing costs earlier. Chinese markets underperform.
🌐 Resilient US economic activity shifted rate cut expectations from March to May. European & US stock futures continue rising, fueled by optimism over expected Fed cuts and the AI boom.
(flag:jp)
JPN225 rallied to a fresh 34-yr peak today (closed at 36,546.85) on weaker Yen but also mainly as the US500's record-high Friday close buoyed investor sentiment.
(dollar) USDIndex struggles to extend above 103 due to central bank decision uncertainties. USDJPY experienced notable movement, bouncing from a 1-mth low to a high.
🛢 Oil prices decline as OPEC member Libya restarts output at its largest field, overshadowing concerns about Red Sea tensions.
📆 Key events this week include the first estimate of US Q4 GDP and central bank meetings in Japan, Canada, and Europe.
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Market Snapshot - 19 January
🔄EUR/USD twists as traders await rate momentum.
🏛Both Fed and ECB unlikely to shift policy rates as quickly as markets hope for.
💶Euro sheds weight as ECB cautions about risks to disinflation process.
📆European inflation could take until 2025 to reach 2%.
🇯🇵Following Japan inflation data, the USD/JPY pair is down 0.01% on the day at 148.16.
📈US equities broadly rally as markets shrug off mid-week rate tantrum.
💻Indexes climb on tech-led earnings expectations.
📈S&P 500, NASDAQ both close near all-time highs.
📈Dow Jones Industrial Average gains 201.94 points, breaking a three-day losing streak.
🛢Crude Oil market climbs as geopolitical headlines squeeze barrel bids higher.
📉EIA reports a steeper-than-expected decline in US crude barrel counts.
⚔️Military strikes against Houthi rebels increase supply line concerns.
💰Gold price holds positive ground on the modest loss of USD.
📊Traders await the preliminary US Michigan Consumer Sentiment Index and Existing Home Sales.
Market Brief – 17/01/2024 📈 UK Inflation Rises and Global Stocks Tumble 📉
UK Inflation Rate rises from 3.9% to 4.0% instead of declining to 3.8% as expected. Pound climbs against all currencies. 💷📈
US Dollar Index takes a slight hit after the latest UK inflation data, but still remains close to monthly highs. 📉💵
Goldman Sachs beat earnings expectations by 28% and revenue read 3% higher in the last quarter of 2023. GS stocks rose 0.71%. 💼📈
SNP500 traders turn attention to the Charles Schwab earnings report due this afternoon before the US open. Company Earnings expected to decline. 📊📉
ECB Members remain hawkish in Davos supporting the Euro against most currencies, but EUR continues to struggle against USD and GBP. 🌍🦅💶
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