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Five things traders need to know today
⏬ The selloff of US stocks continued Thursday, pushing Nasdaq 100 into the correction area. S&P 500 is more than 5% off its record level and Dow tumbled for the fifth day in a row. Netflix plunged nearly 20% after the close on a disappointing Q1 subscriber outlook. European and Asian indices closed mixed, with Hang Seng +3.42%.
🌟 Gold was little changed at $1,839.51 after Wednesday’s big jump. WTI crude (SpotCrude) pulled back from its seven-year high to $85.10 as the US crude inventories unexpectedly increased last week. NatGas -7.30% overnight. Bitcoin swung lower to $41,365.
💲 The US dollar index (USDX) was up to 95.72 despite the Treasury yield falling across the curve. The weekly jobless claims climbed to a three-month high, suggesting the uncertainty facing the labor market during the Omicron outbreak. USDJPY was down to 114.09.
💶 EUR dipped to 1.1310, with the final Eurozone CPI meeting estimates at a record 5% YoY in December. ECB said the ‘higher for longer’ inflation scenario could not be ruled out. GBP closed below 1.3600 ahead of the UK retail sale data.
🌏 AUD edged higher to 0.7226, helped by Australia’s strong job data. The unemployment rate hit the lowest since 2008. NZD was lower at 0.6756, sending AUDNZD to a six-month high of 1.0695. USDCAD moved slightly lower to 1.2504.
⏬ The selloff of US stocks continued Thursday, pushing Nasdaq 100 into the correction area. S&P 500 is more than 5% off its record level and Dow tumbled for the fifth day in a row. Netflix plunged nearly 20% after the close on a disappointing Q1 subscriber outlook. European and Asian indices closed mixed, with Hang Seng +3.42%.
🌟 Gold was little changed at $1,839.51 after Wednesday’s big jump. WTI crude (SpotCrude) pulled back from its seven-year high to $85.10 as the US crude inventories unexpectedly increased last week. NatGas -7.30% overnight. Bitcoin swung lower to $41,365.
💲 The US dollar index (USDX) was up to 95.72 despite the Treasury yield falling across the curve. The weekly jobless claims climbed to a three-month high, suggesting the uncertainty facing the labor market during the Omicron outbreak. USDJPY was down to 114.09.
💶 EUR dipped to 1.1310, with the final Eurozone CPI meeting estimates at a record 5% YoY in December. ECB said the ‘higher for longer’ inflation scenario could not be ruled out. GBP closed below 1.3600 ahead of the UK retail sale data.
🌏 AUD edged higher to 0.7226, helped by Australia’s strong job data. The unemployment rate hit the lowest since 2008. NZD was lower at 0.6756, sending AUDNZD to a six-month high of 1.0695. USDCAD moved slightly lower to 1.2504.
Forwarded from IC Markets Traders Channel
Five things traders need to know today
😟 US stocks extended the losses last week, with S&P 500 suffering the biggest weekly loss (-5.68%) since the pandemic. Nasdaq 100 tumbled nearly 7% and entered the correction area. While major global indices closed in red, Hang Seng jumped (+2.39%) for a second straight week.
🆙 Gold rose to $1,834.37 despite the aggressive rate hike expectation implied by the rate markets. WTI and Brent surged to the seven-year highs as OPEC upgraded the forecast for global oil demand in 2022. Bitcoin plunged to $35,335, breaking below long-term trendline support.
💲 The US dollar index (USDX) ended the week higher at 95.58, with the two-year Treasury yield rising for the fifth week in a row to hit 1%. FOMC rate decision is under the spotlight this week, with the focus on the timing of the first rate hike and balance sheet reduction.
🇪🇺 EUR was lower at 1.1341 last week, with EU CPI at a record 5% in December. GBP lost nearly 1% on the week to close at 1.3551, weighed by the downbeat UK retail sales data. BoE is widely expected to raise its rate by 25bp in February. Safe-haven JPY and CHF outperformed on the week.
🙃 AUD fell to 0.7175 amid the risk-off mood. NZD dropped to a one-month low of 0.6712. New Zealand imposed tough restrictions after community transmission was reported. USDCAD was up to 1.2584.
😟 US stocks extended the losses last week, with S&P 500 suffering the biggest weekly loss (-5.68%) since the pandemic. Nasdaq 100 tumbled nearly 7% and entered the correction area. While major global indices closed in red, Hang Seng jumped (+2.39%) for a second straight week.
🆙 Gold rose to $1,834.37 despite the aggressive rate hike expectation implied by the rate markets. WTI and Brent surged to the seven-year highs as OPEC upgraded the forecast for global oil demand in 2022. Bitcoin plunged to $35,335, breaking below long-term trendline support.
💲 The US dollar index (USDX) ended the week higher at 95.58, with the two-year Treasury yield rising for the fifth week in a row to hit 1%. FOMC rate decision is under the spotlight this week, with the focus on the timing of the first rate hike and balance sheet reduction.
🇪🇺 EUR was lower at 1.1341 last week, with EU CPI at a record 5% in December. GBP lost nearly 1% on the week to close at 1.3551, weighed by the downbeat UK retail sales data. BoE is widely expected to raise its rate by 25bp in February. Safe-haven JPY and CHF outperformed on the week.
🙃 AUD fell to 0.7175 amid the risk-off mood. NZD dropped to a one-month low of 0.6712. New Zealand imposed tough restrictions after community transmission was reported. USDCAD was up to 1.2584.
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Five things traders need to know today
🙃 US stocks continued to struggle on Thursday, ignoring the stronger-than-expected Q4 GDP growth. Intel (-7%) led the rout in semiconductors and broader tech. Apple +4.97% in after-hours on record sales number. While European indices closed higher, the benchmarks in China, Japan and Australia dropped into correction areas.
🔻 Gold fell below $1,800, weighed by the rising Treasury yields and dollar. WTI crude (SpotCrude) jumped to $87.69, and Natural Gas February contract surged by record 37% overnight ahead of the expiration date and a winter storm. Bitcoin traded around $36,000.
🤑 The US dollar index (USDX) flied to 97.16, the highest since July 2020, with the yield curve flattening after the FED opened the door to rapid tightening. Weekly jobless claims decreased, and December PCE and personal income/spending data is scheduled for release today.
⏬ EUR hit a fresh 18-month low of 1.1144 amid the post-FOMC USD rally. GBP extended its decline to 1.3381. The greenback outperformed all major currencies overnight, including safe haven JPY and CHF.
🌏 AUD ended lower at 0.7034 despite short-term Aussie bond yield rising to 2.5-year high. NZD was down for the sixth session in a row to 0.6582, the lowest since November 2020. Inflation in New Zealand printed at 31-year high. USDCAD climbed above 1.2740.
🙃 US stocks continued to struggle on Thursday, ignoring the stronger-than-expected Q4 GDP growth. Intel (-7%) led the rout in semiconductors and broader tech. Apple +4.97% in after-hours on record sales number. While European indices closed higher, the benchmarks in China, Japan and Australia dropped into correction areas.
🔻 Gold fell below $1,800, weighed by the rising Treasury yields and dollar. WTI crude (SpotCrude) jumped to $87.69, and Natural Gas February contract surged by record 37% overnight ahead of the expiration date and a winter storm. Bitcoin traded around $36,000.
🤑 The US dollar index (USDX) flied to 97.16, the highest since July 2020, with the yield curve flattening after the FED opened the door to rapid tightening. Weekly jobless claims decreased, and December PCE and personal income/spending data is scheduled for release today.
⏬ EUR hit a fresh 18-month low of 1.1144 amid the post-FOMC USD rally. GBP extended its decline to 1.3381. The greenback outperformed all major currencies overnight, including safe haven JPY and CHF.
🌏 AUD ended lower at 0.7034 despite short-term Aussie bond yield rising to 2.5-year high. NZD was down for the sixth session in a row to 0.6582, the lowest since November 2020. Inflation in New Zealand printed at 31-year high. USDCAD climbed above 1.2740.
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Five things traders need to know today
😀 S&P 500 kicked off the month with robust gains with energy leading the move. Nasdaq and Dow continued the recovery. Exxon Mobil +6.41% after it announced a $10 billion stock buyback plan. Alphabet jumped in after-hours on its upbeat Q4 earnings and revenue. European indices closed higher.
↕️ Gold regained $1,800, battling around the 200-day SMA. WTI crude (SpotCrude) edged higher to $88.71 helped by tight supply and geopolitical risks over Ukraine. OPEC is expected to announce another 400k bpd increase for March. Bitcoin was slightly higher at $38,727.
💵 The US dollar index (USDX) extended the decline to 96.18 following the Evening Star on the daily chart. US manufacturing PMI beat estimates but expanded at a slower pace than the prior month. USDJPY dropped for a third consecutive day to 114.68.
👍 EUR climbed to 1.1273 amid the USD weakness, with EU January CPI on the radar today. GBP ended higher at 1.3524 despite UK manufacturing PMI slightly down to 57.3 in January from December’s 57.9.
🌏 AUD was up to 0.7128 amid the risk-on environment. RBA decided to end its QE in February, which Governor Philip Lowe said doesn’t indicate an imminent rate hike. NZD rose to 0.6638 and CAD strengthened to 1.2683 per dollar.
😀 S&P 500 kicked off the month with robust gains with energy leading the move. Nasdaq and Dow continued the recovery. Exxon Mobil +6.41% after it announced a $10 billion stock buyback plan. Alphabet jumped in after-hours on its upbeat Q4 earnings and revenue. European indices closed higher.
↕️ Gold regained $1,800, battling around the 200-day SMA. WTI crude (SpotCrude) edged higher to $88.71 helped by tight supply and geopolitical risks over Ukraine. OPEC is expected to announce another 400k bpd increase for March. Bitcoin was slightly higher at $38,727.
💵 The US dollar index (USDX) extended the decline to 96.18 following the Evening Star on the daily chart. US manufacturing PMI beat estimates but expanded at a slower pace than the prior month. USDJPY dropped for a third consecutive day to 114.68.
👍 EUR climbed to 1.1273 amid the USD weakness, with EU January CPI on the radar today. GBP ended higher at 1.3524 despite UK manufacturing PMI slightly down to 57.3 in January from December’s 57.9.
🌏 AUD was up to 0.7128 amid the risk-on environment. RBA decided to end its QE in February, which Governor Philip Lowe said doesn’t indicate an imminent rate hike. NZD rose to 0.6638 and CAD strengthened to 1.2683 per dollar.
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Five things traders need to know today
📈 US stocks closed higher on Tuesday with big tech (except Meta) climbing despite the rising Treasury yields. Pfizer -2.84% after missing earnings estimates. Most European and Asian indices jumped yesterday.
🌟 Gold rose for a third straight session to $1,825.96, shrugging off the bets for FED to hike rates aggressively this year. WTI crude (SpotCrude) continued the correction from its seven-year high to $90.02 as talk on reviving the 2015 Iran nuclear deal showed some progress. Bitcoin extended the rally to $44,243.
💵 The US dollar index (USDX) was up to 95.52, with the 10-year Treasury yield surging to 1.96%, the highest since December 2019. The yield curve flattening has been played out. USDJPY moved higher to 115.54.
↕️ EUR pared some of the post-ECB gains and dropped to 1.1417 below the 100-day SMA. ECB officials said that uncertainty around inflation is very high due to geopolitical risks. GBP ended higher at 1.3547.
🌏 AUD rose to 0.7146 as a former RBA official expected four rate hikes in 2022. Future prices of iron ore hit $150 and Australia’s NAB business confidence rose from -12 to 3 in January. NZD was higher at 0.6648. CAD eased to 1.2703 per dollar, dragged by lower crude prices.
📈 US stocks closed higher on Tuesday with big tech (except Meta) climbing despite the rising Treasury yields. Pfizer -2.84% after missing earnings estimates. Most European and Asian indices jumped yesterday.
🌟 Gold rose for a third straight session to $1,825.96, shrugging off the bets for FED to hike rates aggressively this year. WTI crude (SpotCrude) continued the correction from its seven-year high to $90.02 as talk on reviving the 2015 Iran nuclear deal showed some progress. Bitcoin extended the rally to $44,243.
💵 The US dollar index (USDX) was up to 95.52, with the 10-year Treasury yield surging to 1.96%, the highest since December 2019. The yield curve flattening has been played out. USDJPY moved higher to 115.54.
↕️ EUR pared some of the post-ECB gains and dropped to 1.1417 below the 100-day SMA. ECB officials said that uncertainty around inflation is very high due to geopolitical risks. GBP ended higher at 1.3547.
🌏 AUD rose to 0.7146 as a former RBA official expected four rate hikes in 2022. Future prices of iron ore hit $150 and Australia’s NAB business confidence rose from -12 to 3 in January. NZD was higher at 0.6648. CAD eased to 1.2703 per dollar, dragged by lower crude prices.
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Five things traders need to know today
😟 US stocks ended the week lower on fears of both rising Treasury yields and imminent Russia/Ukraine conflict. Tech-heavy Nasdaq 100 suffered a 2.67% weekly loss and S&P 500 -1.82%, with energy and materials sectors the only survivors. Major European and Asian indices moved higher for the week.
🛢️ WTI (SpotCrude) rallied for an eighth week in a row to above $94 on the escalating tensions over Ukraine, where Russia has deployed more than 100,000 troops. Gold soared to a three-month high of $1,858.78 and Bitcoin rose to $42,239.
💲 The US dollar index (USDX) jumped to 95.95 on haven demands despite the yield on 10-year Treasury retreated from 2% on Friday. Four-decade high inflation growth pushed consumer confidence to the lowest level since October 2011, with the chance of a 50bp hike in March down to 54%.
↕️ EUR ended the week lower at 1.1347 as the ECB official remained cautious on its rate hikes expectation this year. GBP, in stark contrast, rose to 1.3560, with market pricing a 50bp hike in March. JPY and CHF outperformed on the week.
🌏 AUD and NZD edged higher after a volatile week, closing at 0.7135 and 0.6645 respectively. CAD strengthened to 1.2733 on the higher crude prices.
😟 US stocks ended the week lower on fears of both rising Treasury yields and imminent Russia/Ukraine conflict. Tech-heavy Nasdaq 100 suffered a 2.67% weekly loss and S&P 500 -1.82%, with energy and materials sectors the only survivors. Major European and Asian indices moved higher for the week.
🛢️ WTI (SpotCrude) rallied for an eighth week in a row to above $94 on the escalating tensions over Ukraine, where Russia has deployed more than 100,000 troops. Gold soared to a three-month high of $1,858.78 and Bitcoin rose to $42,239.
💲 The US dollar index (USDX) jumped to 95.95 on haven demands despite the yield on 10-year Treasury retreated from 2% on Friday. Four-decade high inflation growth pushed consumer confidence to the lowest level since October 2011, with the chance of a 50bp hike in March down to 54%.
↕️ EUR ended the week lower at 1.1347 as the ECB official remained cautious on its rate hikes expectation this year. GBP, in stark contrast, rose to 1.3560, with market pricing a 50bp hike in March. JPY and CHF outperformed on the week.
🌏 AUD and NZD edged higher after a volatile week, closing at 0.7135 and 0.6645 respectively. CAD strengthened to 1.2733 on the higher crude prices.
Forwarded from Pepperstone - Global Markets
Five things traders need to know today
😀 US stocks snapped a three-day losing streak on Tuesday as the Ukraine tensions eased after Russia announced a partial pullback of thousands of troops. S&P 500 jumped 1.58% with big tech and chip stocks leading the move. While major European indices cheered the potential diplomatic solutions on Ukraine, Asian benchmarks closed in red.
🔻 Gold retreated to $1,853.43 on improving risk appetite, having hit an eight-month high of $1879.50 in the session. WTI (SpotCrude) tumbled to $92.22. Bitcoin climbed above $44,000.
💰 The US dollar index (USDX) dropped below 96. The selloff of Treasury bonds sent 10-year yield to above 2%. US PPI beat estimates at 9.7% YoY in January just one day ahead of FED meeting minutes. Safe haven JPY and CHF underperformed.
🇪🇺 EUR recovered to 1.1357 on the de-escalation of geopolitical risks. EU GDP growth met estimates at 4.6% in Q4 and the economic outlook continued to improve. GBP ended slightly higher at 1.3540, with the UK two-year bond yield surging to the highest since 2011. Unemployment rate was unchanged at 4.1% in December.
↕️ AUD ended higher at 0.7151 amid the risk-on environment and NZD was up to 0.6637. The RBA meeting minutes released yesterday showed its patience on interest rate. USDCAD closed lower at 1.2716.
😀 US stocks snapped a three-day losing streak on Tuesday as the Ukraine tensions eased after Russia announced a partial pullback of thousands of troops. S&P 500 jumped 1.58% with big tech and chip stocks leading the move. While major European indices cheered the potential diplomatic solutions on Ukraine, Asian benchmarks closed in red.
🔻 Gold retreated to $1,853.43 on improving risk appetite, having hit an eight-month high of $1879.50 in the session. WTI (SpotCrude) tumbled to $92.22. Bitcoin climbed above $44,000.
💰 The US dollar index (USDX) dropped below 96. The selloff of Treasury bonds sent 10-year yield to above 2%. US PPI beat estimates at 9.7% YoY in January just one day ahead of FED meeting minutes. Safe haven JPY and CHF underperformed.
🇪🇺 EUR recovered to 1.1357 on the de-escalation of geopolitical risks. EU GDP growth met estimates at 4.6% in Q4 and the economic outlook continued to improve. GBP ended slightly higher at 1.3540, with the UK two-year bond yield surging to the highest since 2011. Unemployment rate was unchanged at 4.1% in December.
↕️ AUD ended higher at 0.7151 amid the risk-on environment and NZD was up to 0.6637. The RBA meeting minutes released yesterday showed its patience on interest rate. USDCAD closed lower at 1.2716.
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Five things traders need to know today
📉 US stock indexes hit new recent lows on Wednesday, with Nasdaq -2.57% and Dow entering correction territory. Ukraine declared a state of emergency after Russia sent more troops into eastern Ukraine regions, with the US rolling out further sanctions on Nord Stream 2. Major European indices closed lower. China’s benchmark CSI 300 +1.07%.
🌟 Gold regained $1,900 amid the rising fears of Russia-Ukraine conflict, and Palladium (XPDUSD) surged by 5.5% to $2,473.18. WTI crude (SpotCrude) edged higher to $93.85 despite the US inventory rising by more than expected last week. Bitcoin was lower at $37,562.
💲 The US dollar index (USDX) climbed above 96 as the Treasury yield rose across the curve. Safe haven JPY and CHF continued to outperform overnight. US Q4 GDP is due out today.
🔻 EUR fell toward 1.1300 amid the risk-off mood. Eurozone CPI remained elevated at 5.1% YoY in January, up from December’s 5.0%. GBP ended lower at 1.3546, with the BoE Governor seeing very clear risk of high inflation.
🇳🇿 NZD led the G10 gains on Wednesday after the RBNZ raised its cash rate and revised the terminal rate forecast higher, despite the pullback from one-month high in NY session. AUD moved in a similar fashion and closed at 0.7232 below the 100-day SMA. USDCAD was down to 1.2735.
📉 US stock indexes hit new recent lows on Wednesday, with Nasdaq -2.57% and Dow entering correction territory. Ukraine declared a state of emergency after Russia sent more troops into eastern Ukraine regions, with the US rolling out further sanctions on Nord Stream 2. Major European indices closed lower. China’s benchmark CSI 300 +1.07%.
🌟 Gold regained $1,900 amid the rising fears of Russia-Ukraine conflict, and Palladium (XPDUSD) surged by 5.5% to $2,473.18. WTI crude (SpotCrude) edged higher to $93.85 despite the US inventory rising by more than expected last week. Bitcoin was lower at $37,562.
💲 The US dollar index (USDX) climbed above 96 as the Treasury yield rose across the curve. Safe haven JPY and CHF continued to outperform overnight. US Q4 GDP is due out today.
🔻 EUR fell toward 1.1300 amid the risk-off mood. Eurozone CPI remained elevated at 5.1% YoY in January, up from December’s 5.0%. GBP ended lower at 1.3546, with the BoE Governor seeing very clear risk of high inflation.
🇳🇿 NZD led the G10 gains on Wednesday after the RBNZ raised its cash rate and revised the terminal rate forecast higher, despite the pullback from one-month high in NY session. AUD moved in a similar fashion and closed at 0.7232 below the 100-day SMA. USDCAD was down to 1.2735.
Five things traders need to know today
📈 US stocks edged higher last week as the sanctions against Russia from the US and its allies are not as aggressive as expected. Nasdaq 100 jumped 1.34% and S&P 500 added 0.82%. European indices were heavily hit on fears of Russia's invasion of Ukraine. Hang Seng index suffered a 6.41% weekly loss.
↕️ Gold ended the week lower at $1,888.07 after a volatile week with a $100 range. WTI crude (SpotCrude) pulled back from above $100 to $93.35, with many other commodities (silver, palladium, wheat and more) sharing the similar move on the week. Bitcoin fell below $38,000.
🤑 The US dollar index (USDX) rose for a third straight week to 96.44 on haven demands, with the 10-year Treasury approaching 2%. The core PCE (5.2% YoY) hit the highest level since 1983 in January and nonfarm payroll is scheduled for release this Friday. USDJPY was up to 115.52.
🇪🇺 EUR extended its decline to 1.1146 in early hours amid the Russia-Ukraine tensions. European banks have nearly $75bn Russian exposure and the proposed SWIFT-related sanctions could make the energy business with Russia more costly. GBP opened lower at 1.3313.
🌏 Commodity currencies were broadly higher last week due to the rising commodity prices after the outbreak of the war. RBNZ’s hawkish message supported the kiwi dollar, and the RBA and BoC are set to release rate decisions this week.
📈 US stocks edged higher last week as the sanctions against Russia from the US and its allies are not as aggressive as expected. Nasdaq 100 jumped 1.34% and S&P 500 added 0.82%. European indices were heavily hit on fears of Russia's invasion of Ukraine. Hang Seng index suffered a 6.41% weekly loss.
↕️ Gold ended the week lower at $1,888.07 after a volatile week with a $100 range. WTI crude (SpotCrude) pulled back from above $100 to $93.35, with many other commodities (silver, palladium, wheat and more) sharing the similar move on the week. Bitcoin fell below $38,000.
🤑 The US dollar index (USDX) rose for a third straight week to 96.44 on haven demands, with the 10-year Treasury approaching 2%. The core PCE (5.2% YoY) hit the highest level since 1983 in January and nonfarm payroll is scheduled for release this Friday. USDJPY was up to 115.52.
🇪🇺 EUR extended its decline to 1.1146 in early hours amid the Russia-Ukraine tensions. European banks have nearly $75bn Russian exposure and the proposed SWIFT-related sanctions could make the energy business with Russia more costly. GBP opened lower at 1.3313.
🌏 Commodity currencies were broadly higher last week due to the rising commodity prices after the outbreak of the war. RBNZ’s hawkish message supported the kiwi dollar, and the RBA and BoC are set to release rate decisions this week.
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Five things traders need to know today
📈 US stocks edged higher last week as the sanctions against Russia from the US and its allies are not as aggressive as expected. Nasdaq 100 jumped 1.34% and S&P 500 added 0.82%. European indices were heavily hit on fears of Russia's invasion of Ukraine. Hang Seng index suffered a 6.41% weekly loss.
↕️ Gold ended the week lower at $1,888.07 after a volatile week with a $100 range. WTI crude (SpotCrude) pulled back from above $100 to $93.35, with many other commodities (silver, palladium, wheat and more) sharing the similar move on the week. Bitcoin fell below $38,000.
🤑 The US dollar index (USDX) rose for a third straight week to 96.44 on haven demands, with the 10-year Treasury approaching 2%. The core PCE (5.2% YoY) hit the highest level since 1983 in January and nonfarm payroll is scheduled for release this Friday. USDJPY was up to 115.52.
🇪🇺 EUR extended its decline to 1.1146 in early hours amid the Russia-Ukraine tensions. European banks have nearly $75bn Russian exposure and the proposed SWIFT-related sanctions could make the energy business with Russia more costly. GBP opened lower at 1.3313.
🌏 Commodity currencies were broadly higher last week due to the rising commodity prices after the outbreak of the war. RBNZ’s hawkish message supported the kiwi dollar, and the RBA and BoC are set to release rate decisions this week.
📈 US stocks edged higher last week as the sanctions against Russia from the US and its allies are not as aggressive as expected. Nasdaq 100 jumped 1.34% and S&P 500 added 0.82%. European indices were heavily hit on fears of Russia's invasion of Ukraine. Hang Seng index suffered a 6.41% weekly loss.
↕️ Gold ended the week lower at $1,888.07 after a volatile week with a $100 range. WTI crude (SpotCrude) pulled back from above $100 to $93.35, with many other commodities (silver, palladium, wheat and more) sharing the similar move on the week. Bitcoin fell below $38,000.
🤑 The US dollar index (USDX) rose for a third straight week to 96.44 on haven demands, with the 10-year Treasury approaching 2%. The core PCE (5.2% YoY) hit the highest level since 1983 in January and nonfarm payroll is scheduled for release this Friday. USDJPY was up to 115.52.
🇪🇺 EUR extended its decline to 1.1146 in early hours amid the Russia-Ukraine tensions. European banks have nearly $75bn Russian exposure and the proposed SWIFT-related sanctions could make the energy business with Russia more costly. GBP opened lower at 1.3313.
🌏 Commodity currencies were broadly higher last week due to the rising commodity prices after the outbreak of the war. RBNZ’s hawkish message supported the kiwi dollar, and the RBA and BoC are set to release rate decisions this week.
Forwarded from Pepperstone - Global Markets
Five things traders need to know today
😟 US stocks were hit hard on Tuesday on fears of Russia’s intensifying invasion of Ukraine and the economic outlook. All S&P 500 sub-sectors were in red except for energy, with financial -3.71%. Major European indices tumbled around 3% - 4% as the EU economy is highly sensitive to the geopolitical risks and sanctions on Russia.
🆙 WTI crude (SpotCrude) pushed higher to $107.84, the highest since September 2013, despite IEA releasing 60 million barrels of oil. OPEC+ is set to announce its output plan today. Natural Gas futures in Europe +23%. Gold closed at a 13-month high of $1,944.96 and Bitcoin climbed above $43,000.
🤑 The US dollar index (USDX) regained 97 on haven demands. The yield on 10-year Treasury was sharply lower at 1.719% as a 50 bp rate hike in the March meeting is off the table, with Powell’s testimony the key to watch today. US manufacturing activity was stronger than expected in February.
🇪🇺 EUR ended lower at 1.1123, having broken below 1.10 in the session amid the risk-off mood. German’s 10-year bond yield fell back into negative territory. GBP slumped to 1.3324. JPY was the only G10 currency that outperformed overnight.
⬇️ The losses in commodity currencies were limited overnight. AUD edged lower to 0.7253 after the RBA left interest rates unchanged due to the slower wage growth. NZD was down to 0.6755. USDCAD jumped to 1.2741 ahead of the BoC meeting. A 25bp rate hike is widely expected as Canada Q4 GDP beat estimates at 6.7%.
😟 US stocks were hit hard on Tuesday on fears of Russia’s intensifying invasion of Ukraine and the economic outlook. All S&P 500 sub-sectors were in red except for energy, with financial -3.71%. Major European indices tumbled around 3% - 4% as the EU economy is highly sensitive to the geopolitical risks and sanctions on Russia.
🆙 WTI crude (SpotCrude) pushed higher to $107.84, the highest since September 2013, despite IEA releasing 60 million barrels of oil. OPEC+ is set to announce its output plan today. Natural Gas futures in Europe +23%. Gold closed at a 13-month high of $1,944.96 and Bitcoin climbed above $43,000.
🤑 The US dollar index (USDX) regained 97 on haven demands. The yield on 10-year Treasury was sharply lower at 1.719% as a 50 bp rate hike in the March meeting is off the table, with Powell’s testimony the key to watch today. US manufacturing activity was stronger than expected in February.
🇪🇺 EUR ended lower at 1.1123, having broken below 1.10 in the session amid the risk-off mood. German’s 10-year bond yield fell back into negative territory. GBP slumped to 1.3324. JPY was the only G10 currency that outperformed overnight.
⬇️ The losses in commodity currencies were limited overnight. AUD edged lower to 0.7253 after the RBA left interest rates unchanged due to the slower wage growth. NZD was down to 0.6755. USDCAD jumped to 1.2741 ahead of the BoC meeting. A 25bp rate hike is widely expected as Canada Q4 GDP beat estimates at 6.7%.
Forwarded from Pepperstone - Global Markets
Five things traders need to know today
😃 US stocks extended the winning streak Tuesday on growing hope for Russia-Ukraine ceasefire, ignoring the recession signal from the bond market. Major European and Asian indices closed higher, with China’s benchmark CSI300 -0.35% as Shanghai, China’s largest city and financial hub, is under lockdown.
🔽 Gold broke below $1,900 in the session before closing at $1919.45. WTI crude (SpotCrude) rebounded to $106.70. Bitcoin failed to break above the 200-day SMA and edged lower to $47,428.
💰 The US dollar index (USDX) slumped to 98.40, the first loss in the last five sessions. The yield on 10-year Treasury briefly dropped below the yield on 2-year Treasury for the first time since September 2019, with some other segments of the yield curve also flattening or inverting.
💶 EUR jumped nearly 1% to 1.1086 on constructive geopolitical headlines. German 2-year bond yield rose sharply and rate markets priced in a 67bp hike by December. GBP was nearly unchanged at 1.3093. USDJPY eased back to 122.88.
🦘 AUD regained 0.75 handle on upbeat retail sales data in February. The Australian government is set to reduce the soaring living cost by some tax cut measures, according to the federal budget. NZD was up to 0.6934 and CAD remained strong against the dollar at 1.2502.
😃 US stocks extended the winning streak Tuesday on growing hope for Russia-Ukraine ceasefire, ignoring the recession signal from the bond market. Major European and Asian indices closed higher, with China’s benchmark CSI300 -0.35% as Shanghai, China’s largest city and financial hub, is under lockdown.
🔽 Gold broke below $1,900 in the session before closing at $1919.45. WTI crude (SpotCrude) rebounded to $106.70. Bitcoin failed to break above the 200-day SMA and edged lower to $47,428.
💰 The US dollar index (USDX) slumped to 98.40, the first loss in the last five sessions. The yield on 10-year Treasury briefly dropped below the yield on 2-year Treasury for the first time since September 2019, with some other segments of the yield curve also flattening or inverting.
💶 EUR jumped nearly 1% to 1.1086 on constructive geopolitical headlines. German 2-year bond yield rose sharply and rate markets priced in a 67bp hike by December. GBP was nearly unchanged at 1.3093. USDJPY eased back to 122.88.
🦘 AUD regained 0.75 handle on upbeat retail sales data in February. The Australian government is set to reduce the soaring living cost by some tax cut measures, according to the federal budget. NZD was up to 0.6934 and CAD remained strong against the dollar at 1.2502.
Forwarded from Pepperstone - Global Markets
Five things traders need to know today
↕️ US stocks ended the final day of the quarter lower on worries of the highest inflation rate (PCE) since 1983 and aggressive tightening from the FED. S&P 500 lost 5.5% in Q1 and Nasdaq -9% despite the rally in the second half of March. European and Asian indices closed in red.
🛢️ WTI plunged by nearly 6% as the Biden administration planned to release up to 180 million barrels of emergency oil supplies over six months. OPEC+ decided to stick with its plan to increase 430k bpd from May. Gold edged higher to $1,937.04 and Bitcoin wad down to $45,749.
🤑 The US dollar index (USDX) recaptured 98 handle, while the yield on 10-year Treasury eased back to 2.342%. Nonfarm payroll today is expected to see 490k more jobs created in April and unemployment rate down to 3.7%.
🇪🇺 EUR gave up Wednesday’s gains to close at 1.1065 amid risk-off mood. GBP was unchanged at 1.3143. USDJPY dropped for a third straight session to 121.69.
🔻 AUD consolidated around 0.7500 following the weak China PMI data while NZD was lower at 0.6934. USDCAD rebounded from a two-month low to above 1.2500. NOK led the decline in G10 currencies.
↕️ US stocks ended the final day of the quarter lower on worries of the highest inflation rate (PCE) since 1983 and aggressive tightening from the FED. S&P 500 lost 5.5% in Q1 and Nasdaq -9% despite the rally in the second half of March. European and Asian indices closed in red.
🛢️ WTI plunged by nearly 6% as the Biden administration planned to release up to 180 million barrels of emergency oil supplies over six months. OPEC+ decided to stick with its plan to increase 430k bpd from May. Gold edged higher to $1,937.04 and Bitcoin wad down to $45,749.
🤑 The US dollar index (USDX) recaptured 98 handle, while the yield on 10-year Treasury eased back to 2.342%. Nonfarm payroll today is expected to see 490k more jobs created in April and unemployment rate down to 3.7%.
🇪🇺 EUR gave up Wednesday’s gains to close at 1.1065 amid risk-off mood. GBP was unchanged at 1.3143. USDJPY dropped for a third straight session to 121.69.
🔻 AUD consolidated around 0.7500 following the weak China PMI data while NZD was lower at 0.6934. USDCAD rebounded from a two-month low to above 1.2500. NOK led the decline in G10 currencies.
Forwarded from Pepperstone - Global Markets
Five things traders need to know today
📉 US major equity indexes were little changed last week but ended the first quarter sharply lower. The inverted yield curve and Russia/Ukraine uncertainty continue to weigh on market sentiment. Tesla, which surged nearly 50% in the last three weeks, announced a record delivery in Q1. European and Asian indices closed the week mixed.
🌟Gold dropped to $1,924.19 Friday amid the rising Treasury yields. WTI and Brent plunged more than 10% for the week after the Biden administration planned to release up to 180 million barrels of reserve oil. Crude prices opened lower today, with more IEA members joining the US to increase supply. Ethereum climbed above the 200-day SMA.
💲 The US dollar index (USDX) ended the week lower. Solid job report last Friday further lifted the rate hike expectation in the coming months and triggered a big jump in front end yield. USDJPY rallied for a fourth straight week to 122.55.
💶 EUR finished the week slightly higher at 1.1045, with EU inflation rate hitting another record high of 7.5% in March. GBP was lower at 1.3110. The BoE governor is set to speak today.
🔻 Commodity linked currencies underperformed last week. AUD consolidated near the five-month high just below 0.7500. The BRA rate decision is due on Tuesday. NZD slumped to 0.6917. CAD weakened to 1.2515 per dollar.
📉 US major equity indexes were little changed last week but ended the first quarter sharply lower. The inverted yield curve and Russia/Ukraine uncertainty continue to weigh on market sentiment. Tesla, which surged nearly 50% in the last three weeks, announced a record delivery in Q1. European and Asian indices closed the week mixed.
🌟Gold dropped to $1,924.19 Friday amid the rising Treasury yields. WTI and Brent plunged more than 10% for the week after the Biden administration planned to release up to 180 million barrels of reserve oil. Crude prices opened lower today, with more IEA members joining the US to increase supply. Ethereum climbed above the 200-day SMA.
💲 The US dollar index (USDX) ended the week lower. Solid job report last Friday further lifted the rate hike expectation in the coming months and triggered a big jump in front end yield. USDJPY rallied for a fourth straight week to 122.55.
💶 EUR finished the week slightly higher at 1.1045, with EU inflation rate hitting another record high of 7.5% in March. GBP was lower at 1.3110. The BoE governor is set to speak today.
🔻 Commodity linked currencies underperformed last week. AUD consolidated near the five-month high just below 0.7500. The BRA rate decision is due on Tuesday. NZD slumped to 0.6917. CAD weakened to 1.2515 per dollar.
JUST IN!
United States Crude Oil Inventories now at 8.235M❗
#Commodities #Oil #Trading
Read here: 👉 https://bit.ly/3apkMY7
United States Crude Oil Inventories now at 8.235M❗
#Commodities #Oil #Trading
Read here: 👉 https://bit.ly/3apkMY7
Forwarded from Trading Tutorials Channel 📊📈📉
JUST IN!
United States Crude Oil Inventories now at 8.235M❗
#Commodities #Oil #Trading
Read here: 👉 https://bit.ly/3apkMY7
United States Crude Oil Inventories now at 8.235M❗
#Commodities #Oil #Trading
Read here: 👉 https://bit.ly/3apkMY7