Week Ahead – Fed Meeting, Barrage of Data, and Tech Earnings
With President Biden now in office, markets will be on alert for any remarks from US Senators about whether they’d support the massive stimulus bill he proposed. A tough negotiating battle could see the final proposal being watered down. The Federal Reserve will meet as well. No policy changes...
Equity Markets Retreat In Asia
Asian markets lower as caution is the word
Wall Street was marked by a mixed session overnight. The S&P 500 was almost unchanged, while the Nasdaq got an Apple VR boost, rising 0.55%. The Dow Jones suffered big-oil executive order fatigue, finishing 0.04% lower. The bickering between the Senate leaders...
Stay Safe Friday
Wall Street positive but Asia cautious
Wall Street had another positive session overnight, but a few swirling doubts have crept into Asian markets, with equities across the region indicating that regional investors prefer caution as the week closes. Hong Kong has announced a complete lockdown of part of Kowloon this...
Stocks Retreat, Dollar Edges Up As Virus Concerns Creep In Again
Equity rally loses steam after strong weekly gains amid renewed virus jitters
Talk of Biden tax increases also undermines risk appetite, lifting the dollar
Poor data pull down pound and aussie but euro fares better after ECB stays put
Virus outbreaks, recession fears cap risk rally
The stimulus-led stock market...
Stocks Cool Off From Record Highs
US futures in the red.
Major events next week could dictate risk sentiment.
Bullish case for equities still valid.
Oil benchmarks pare weekly advance.
The rally in global stocks is taking a breather before the weekend, having posted a new record high on Thursday. Most Asian benchmark indices are...
Markets Await Important Data To Be Published Today
Markets
The ECB kept policy unchanged yesterday. During an overall cautiously optimistic but not very informative press conference, ECB president Lagarde said the bank's aims is to preserve favourable financing conditions across the euro zone and will adjust policy accordingly. For the first time however, the policy statement formally notes...
Market Morning Briefing: Euro Is Headed Towards 1.22
STOCKS
Dow, DAX and Nikkei remain stable at higher levels. While a sideways consolidation looks like a possibility, it will have to be seen if they can see an extended rise before a correction comes into play. Shanghai is hovering around its crucial resistance level of 3600 which has to...
Risk Sentiment Lifts DAX For Renewed Probe Through 14000 Barrier
Dax index extends gains on Thursday as hopes of a large stimulus plan under new President boost risk sentiment, but traders focus the European Central Bank’s meeting today for more information about the eurozone’s economic health.
Fresh strength pressures psychological 14000 barrier after the index briefly broke above in past...
Stocks, Pound Extend Gains And EUR/USD Steady As ECB Eyed
The EUR/USD was steady while the GBP/USD hit a new multi-year high on Thursday morning, as the US dollar fell further with more global indices hitting new record highs with investors remaining hopeful that lockdowns will end hopefully in the not-too-distant future with many developed countries rolling out COVID...
Asia Markets Rise As Biden Takes Over
Asian equity markets join in presidential honeymoon
The FOMO buy everything trade was back in force overnight, with President Biden’s swearing-in unleashing another round of stimulus-powered buying. Morgan Stanley’s impressive earnings data and a huge by Netflix on their zero borrowing/buyback news added to the jovial mood on Wall Street....
Wall Street At Fresh Record As Biden Sworn In, Euro Up Ahead Of ECB
Hopes of more stimulus and relief over Biden's peaceful transition lift sentiment
US stocks close at new record highs as strong earnings add extra fuel
Dollar skids again, euro bounces off lows ahead ECB decision
Optimism high as Biden enters White House
After four tumultuous years, Trump's presidency came to...
Markets Celebrate The Peaceful Presidential Transition With New Record Highs
Global stocks hit an all-time high early Thursday on optimism that the new US administration will take bold steps in reviving growth and speed up vaccine distribution.
All three major US indices climbed to new records on President Biden's swearing in, with the S&P 500 posting its best Inauguration Day...
Keep A Very Close Eye At Sterling
Markets
The British pound unexpectedly took center stage yesterday. EUR/GBP declined sharply at the very start of the European open, temporarily breaking below key support at the 0.886 area. UK December inflation topped expectations but failed to explain the move from a timing-perspective. Moreover, with inflation still well below the...
Elliottwave View: SPX Upside Move Has Resumed
Short Term Elliott Wave view in S&P 500 (SPX) suggests the Index ended wave 1 at 3726.70 and pullback in wave 2 ended at 3636.48. Internal of wave 2 unfolded as a zigzag. Wave ((a)) ended at 3685.84, wave ((b)) ended at 3716.65, and wave ((c)) ended at 3636.48....
Market Morning Briefing: Pound Has Been Steadily Rising Towards 1.37
STOCKS
Equities are regaining momentum as the sentiment is getting a boost as Biden has sworn in as the new US President. Dow, Sensex and Nifty are looking bullish. Dow can test 31500. Nifty can move up to 14800-15000 while the Sensex can target 50300-51000. DAX and Nikkei can consolidate...
NASDAQ and S&P 500 hit new record high on strong stock rallies
US stocks open sharply higher today with S&P 500 and NASDAQ hitting new record highs. NASDAQ is clearly leading the way higher. It's staying well inside near term rising channel, without clear upside acceleration so far. But as long as the channel holds, we'd expect further rise to 61.8%...
Stocks, Precious Metals And Pound Rise
Following Tuesday's rebound in the reflation trade, there has been further follow-through in risk buying this morning. At the time of writing, we are once again seeing higher prices for crude oil, copper, gold, silver and US index futures. European stock indices were mixed on the session, despite the...
Stocks Climb, Dollar Slips As Yellen Makes Case For More Stimulus
Stocks power higher after Yellen calls for more big spending to fight pandemic
Risk assets rally ahead of Biden inauguration as reflation trade boosted
Dollar under renewed selling pressure, gold capitalized
Yellen talks up big spending
Risk appetite was riding high on Wednesday after Treasury Secretary nominee Janet Yellen reignited...
Asian Stocks Higher On Yellen Testimony
Asian equities edge higher on stimulus story
Incoming Treasury Secretary Janet Yellen made all the right noises as far as Wall Street was concerned at her confirmation hearing overnight.
Wall Street responded overnight with a thumbs-up, buying equities and selling the US dollar. They wanted to hear more stimulus, and Ms...
NIKKEI Keeps Pushing Higher
The NIKKEI price is extremely bullish, making the NIKKEI the strongest Equity in the markets. I expect the uptrend continuation.
We can clearly see a huge uptrend in all time frames. The POC zone 28378-28464 is the zone where we expect the price to bounce.There is a trend line which...
Market Morning Briefing: Aussie May Attempt To Rise To 0.78
STOCKS
Equities broadly look mixed while they manage to hover at higher levels. Dow will need a strong rise past 31000 to move further higher. DAX, Nikkei and Shanghai can consolidate sideways for some time. Sensex and Nifty have recovered sharply and can move further up if they can sustain...
Netflix Stock Faces SMA Resistance Ahead Of Q4 Earnings Report
Netflix's stock has been volatile within the range of 457.45 – 574.68 since mid-June, though in the four-hour chart, the simple moving average lines (SMAs) seem to have been navigating the price to the downside over the past two weeks.
The negative slope in the RSI and the trendless negative...
The Stock And Foreign Exchange Markets Are Awaiting The Return Of Janet Yellen. Risk Assets Rose Following The Treasury Yield
An interesting event for the market this week won’t be just the meeting of central banks, but also Jannet Yellen's return to the management of the US economy. The former Fed chairman, with whom the American economy was able to get out of the crisis at the beginning of...
Equities Climb On Yellen Dovishness
Equities move higher on Yellen stimulus tailwinds
All eyes are on the confirmation hearing for Janet Yellen, who is expected to be confirmed as US Treasury Secretary. Ms Yellen, the Federal Reserve’s former head, will testify that the US risks a more prolonged recession and long-term damage to the economy...
Wall Street Eyes Yellen Testimony, Dollar Eases
Stocks perk up after slow start to the week as focus turns to Yellen and earnings
Hopes that Biden administration will spend “big” bolsters sentiment
Euro steadies as Italian worries abate, dollar retreats
Yellen to tell US lawmakers to “act big”
After a sluggish start to the week, risk sentiment...
Yellen Is Expected To Advocate Further Stimulus Measures To Support The Restart Of The Economy
Markets
With US markets closed in observance of the Martin Luther King Jr Holiday, trading took a slow start of the week. Asian equity indices finished mixed with China outperforming in the wake of better-than-expected Q4 GDP data. After opening in the red, a protracted and gradual bottoming out process...
Asian Markets Surge With Strong Risk Appetite, Yen Under Heavy Selling
Asian markets are trading in strong risk-on mode today, with particular strength seen in Hong Kong. DOW future is also currently up 150 pts, as markets look forward to US Treasury nominee Janet Yellen's confirmation hearing. Yen is back under heavy selling pressure, followed by Dollar and Swiss Franc....
Asian stocks rally on US Yellen, HSI up more than 3%
Asian stock, except China, surge broadly today as US Treasury nominee, former Fed chair, Janet Yellen is report to adopt an "act big" stance on fiscal stimulus. Commodity currencies are trading broadly higher, as led by Australian Dollar. Yen, Dollar and Swiss Franc are back under pressure.
Yellen will appear...
Market Morning Briefing: Euro Bounced From 1.2053
STOCKS
DAX, Nikkei and Shanghai have bounced-back yesterday thereby easing the danger of falling below their crucial supports. The expected correction seems to be getting delayed again. A sideways consolidation looks like a possibility in the near-term. We will have to wait and watch the price action. Dow was closed...
Quiet Start to the Week
A quiet start to the week, with the US bank holiday meaning trading is likely to remain extremely thin throughout the session.
European stock markets are mixed, lacking any real direction, as has been the case for much of the last week. With so much good news priced in over...