Forwarded from VantageFX Traders Channel 📈💹📊
Five things traders need to know today
😀 US stocks rebounded on Thursday after two-day Omicron-sparked selloff. All sub-sectors of the S&P 500 increased with industrials and energy leading the gains. The initial jobless claims beat estimates just ahead of today’s nonfarm payroll report. European indices closed the day lower.
🆙 WTI crude (SpotCrude) reversed intraday losses and ended higher at $67.88. While OPEC+ stuck to its plan to increase production in January, it is open to immediate adjustment in a worse scenario. Gold slumped to $1,768.16. Bitcoin closed just below $57,000.
💲 The US dollar index (USDX) climbed to 95.95 as the front-end bond yield continued the rally following FED’s hawkish comments. USDJPY found support at 112.62 amid improved risk sentiment.
🇪🇺 EUR dipped to 1.1301 despite the better-than-expected EU producer prices, with Germany announcing new restrictions on the unvaccinated people. GBP recovered from one-year low to 1.3301.
🌏 AUD extended its decline to 0.7092, the lowest since November 2020. NZD ended higher at 0.6818 as RBNZ may not change its outlook because of Omicron. USDCAD was slightly down to 1.2805, near the key resistance level and two-month high.
😀 US stocks rebounded on Thursday after two-day Omicron-sparked selloff. All sub-sectors of the S&P 500 increased with industrials and energy leading the gains. The initial jobless claims beat estimates just ahead of today’s nonfarm payroll report. European indices closed the day lower.
🆙 WTI crude (SpotCrude) reversed intraday losses and ended higher at $67.88. While OPEC+ stuck to its plan to increase production in January, it is open to immediate adjustment in a worse scenario. Gold slumped to $1,768.16. Bitcoin closed just below $57,000.
💲 The US dollar index (USDX) climbed to 95.95 as the front-end bond yield continued the rally following FED’s hawkish comments. USDJPY found support at 112.62 amid improved risk sentiment.
🇪🇺 EUR dipped to 1.1301 despite the better-than-expected EU producer prices, with Germany announcing new restrictions on the unvaccinated people. GBP recovered from one-year low to 1.3301.
🌏 AUD extended its decline to 0.7092, the lowest since November 2020. NZD ended higher at 0.6818 as RBNZ may not change its outlook because of Omicron. USDCAD was slightly down to 1.2805, near the key resistance level and two-month high.
Forwarded from XM Traders Channel 📊📈💹
Complete MT4 Platform Tutorial Playlist
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Forwarded from IC Markets Traders Channel
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ECONOMIC CALENDAR 📅🗓 | How to use it? | News Trading 📰| FOREX FACTORY 📈🏭| EASILY EXPLAINED!!! 😘🤩🤘
#EconomicCalendar #ForexFactory #NewsTrading
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Forwarded from Quant FX
Five things traders need to know today
😀 US stocks ended the week sharply higher as the fear over the Omicron variant faded, with S&P 500 hitting a new record close on Friday and VIX back below 20. Major European and Asian benchmarks posted weekly gains amid the improved risk sentiment.
🛢️ Gold traded within a narrow range last week, closing at $1,782.76 below the 200-day SMA. WTI crude (SpotCrude) rebounded to $72.22, ending a six-week losing streak. Bitcoin was trading around $50,000.
💲 The US dollar index (USDX) dropped to 95.93 last week despite the Treasury yields moving higher. Safe-haven currencies JPY and CHF underperformed against the greenback.
🇪🇺 EUR continued the recovery to 1.1316. GBP ended the week higher at 1.3271 after reaching its one-year low. The ECB and BoE are scheduled to release rate decisions this week, together with FED and SNB.
👍 Commodity currencies were the biggest winners last week, with NOK leading the gains. AUD added 2.46% on the week to 0.7171 and NZD +0.76% to 0.6797. USDCAD closed lower at 1.2724, the first weekly loss since mid-October.
😀 US stocks ended the week sharply higher as the fear over the Omicron variant faded, with S&P 500 hitting a new record close on Friday and VIX back below 20. Major European and Asian benchmarks posted weekly gains amid the improved risk sentiment.
🛢️ Gold traded within a narrow range last week, closing at $1,782.76 below the 200-day SMA. WTI crude (SpotCrude) rebounded to $72.22, ending a six-week losing streak. Bitcoin was trading around $50,000.
💲 The US dollar index (USDX) dropped to 95.93 last week despite the Treasury yields moving higher. Safe-haven currencies JPY and CHF underperformed against the greenback.
🇪🇺 EUR continued the recovery to 1.1316. GBP ended the week higher at 1.3271 after reaching its one-year low. The ECB and BoE are scheduled to release rate decisions this week, together with FED and SNB.
👍 Commodity currencies were the biggest winners last week, with NOK leading the gains. AUD added 2.46% on the week to 0.7171 and NZD +0.76% to 0.6797. USDCAD closed lower at 1.2724, the first weekly loss since mid-October.
Forwarded from Pepperstone Traders Channel 📊📈💹
Five things traders need to know today
📉 US stocks retreated Monday on worries of Omicron variant impact, with the energy sector leading the moves and stay-at-home stocks outperforming. European indices were in red while Asian benchmarks closed mixed.
🛢️ WTI crude (SpopCrude) ended lower at $71.37 amid the risk-off sentiment, with China reporting its first Omicron case. Gold edged higher to $1,786.55. Bitcoin extended the decline to $46,883.50 near the 200-day SMA.
🤑 The US dollar index (USDX) climbed to 96.29, while the yield on 10-year Treasury fell toward 1.40% (-4.57%). US November PPI data is scheduled for release today. USDJPY was up to 113.57.
↕️ EUR dipped to 1.1285, struggling with the 20-day SMA. GBP continued the downward trend to 1.3211 after the UK confirmed the first Omicron death. UK’s employment data is on radar today.
🌏 AUD gave up Friday’s gains and closed lower at 0.7133. NZD ended the day at a one-week low of 0.6755. USDCAD jumped above 1.2800 after a four-day winning streak.
📉 US stocks retreated Monday on worries of Omicron variant impact, with the energy sector leading the moves and stay-at-home stocks outperforming. European indices were in red while Asian benchmarks closed mixed.
🛢️ WTI crude (SpopCrude) ended lower at $71.37 amid the risk-off sentiment, with China reporting its first Omicron case. Gold edged higher to $1,786.55. Bitcoin extended the decline to $46,883.50 near the 200-day SMA.
🤑 The US dollar index (USDX) climbed to 96.29, while the yield on 10-year Treasury fell toward 1.40% (-4.57%). US November PPI data is scheduled for release today. USDJPY was up to 113.57.
↕️ EUR dipped to 1.1285, struggling with the 20-day SMA. GBP continued the downward trend to 1.3211 after the UK confirmed the first Omicron death. UK’s employment data is on radar today.
🌏 AUD gave up Friday’s gains and closed lower at 0.7133. NZD ended the day at a one-week low of 0.6755. USDCAD jumped above 1.2800 after a four-day winning streak.
Forwarded from IC Markets Traders Channel
Three themes on the radar:
1) Wall Street retreats
2) Inflation red hot
3) Fed on watch
https://www.ausbiz.com.au/media/three-themes-for-the-open-wall-street-retreats-inflation-hot-fed-on-watch?videoId=18071
1) Wall Street retreats
2) Inflation red hot
3) Fed on watch
https://www.ausbiz.com.au/media/three-themes-for-the-open-wall-street-retreats-inflation-hot-fed-on-watch?videoId=18071
www.ausbiz.com.au
Three themes for the open: Wall Street retreats, inflation hot, Fed on watch on ausbiz
Wall Street continued its retreat overnight with all shares of three of the majors down as investors eyed hot inflation and the fast-spreading Omicron variant of COVID 19. Share declines were driven by the mega-cap tech sector, Microsoft (MSFT), Tesla (TSLA)…
Forwarded from Pepperstone Traders Channel 📊📈💹
Five things traders need to know today
😔 Nasdaq tumbled 2.47% Thursday on fear of the earlier and more aggressive rate hikes in 2022. Dow and S&P 500 also closed in red. While jobless claims and Markit manufacturing PMI missed estimates, housing starts remained strong. Major European and Asian indices trended higher.
🌟 Gold rose to a two-week high of $1,799.12. Palladium (XPDUSD) +8.24%. WTI crude (SpotCrude) edged higher to $72.13 as the US oil stockpile decreased sharply by 4.58 million barrels last week. Bitcoin traded near $48,000.
💲 The US dollar index (USDX) dropped below 96 on mixed economic data, trading lower against all major currencies despite FED’s hawkish stance. UST yields were lower across the curve. USDJPY was down to 113.70.
🇬🇧 GBP extended the recovery to 1.3322 (+0.49%) after the BoE unexpectedly raised its rate by 15bp to 0.25% in response to UK’s fastest inflation growth in a decade. EUR jumped to 1.1330 as the ECB is set to reduce the pandemic bond purchase under PEPP in Q1.
🆙 AUD ended higher at 0.7183 on strong employment data in November. NZD was up to 0.6799 as NZ economy contracted by less than expected in Q3. USDCAD pulled back to 1.2774.
😔 Nasdaq tumbled 2.47% Thursday on fear of the earlier and more aggressive rate hikes in 2022. Dow and S&P 500 also closed in red. While jobless claims and Markit manufacturing PMI missed estimates, housing starts remained strong. Major European and Asian indices trended higher.
🌟 Gold rose to a two-week high of $1,799.12. Palladium (XPDUSD) +8.24%. WTI crude (SpotCrude) edged higher to $72.13 as the US oil stockpile decreased sharply by 4.58 million barrels last week. Bitcoin traded near $48,000.
💲 The US dollar index (USDX) dropped below 96 on mixed economic data, trading lower against all major currencies despite FED’s hawkish stance. UST yields were lower across the curve. USDJPY was down to 113.70.
🇬🇧 GBP extended the recovery to 1.3322 (+0.49%) after the BoE unexpectedly raised its rate by 15bp to 0.25% in response to UK’s fastest inflation growth in a decade. EUR jumped to 1.1330 as the ECB is set to reduce the pandemic bond purchase under PEPP in Q1.
🆙 AUD ended higher at 0.7183 on strong employment data in November. NZD was up to 0.6799 as NZ economy contracted by less than expected in Q3. USDCAD pulled back to 1.2774.
Forwarded from Pepperstone Traders Channel 📊📈💹
Five things traders need to know today
🙃 US stocks indexes ended the week lower on fear of FED’s aggressive rate hike expectation, with Nasdaq 100 (-3.03%) leading the decline. Biden’s $1.75tn ‘Build Back Better’ bill was almost dead without the support from Democrat senator Joe Manchin. Major European and Asian indices also closed in red. Hang Seng index suffered a 3.35% weekly loss, down 15% YTD.
↕️ Gold posted the first weekly gain in five weeks, closing at $1,797.96 above the 200-day SMA. WTI crude (SpotCrude) dropped to $70.43 as the fast-spreading Omicron is expected to impact fuel demands. Bitcoin struggling around $47,000.
🤑 The US dollar index (USDX) jumped to 96.60 as the FED projected three rate hikes in 2022 and earlier ending of the QE program, while the yield on 10-year Treasury fell toward 1.40%. USDJPY trended higher at 113.70.
🇪🇺 EUR finished the week lower by 0.70% at 1.1237. Policy divergence and growing Covid threat continued to weigh on the single currency. GBP dipped to 1.3236 amid the USD strength despite BOE’s unexpected rate hike last week.
🌐 AUD and NZD remained under pressure amid the risk-off mood, closing at 0.7126 and 0.6735 respectively. USDCAD was up to 1.2837, the highest close price in one year, making CAD the worst-performing G10 currency last week. USDTRY hit a fresh high of 17.05.
🙃 US stocks indexes ended the week lower on fear of FED’s aggressive rate hike expectation, with Nasdaq 100 (-3.03%) leading the decline. Biden’s $1.75tn ‘Build Back Better’ bill was almost dead without the support from Democrat senator Joe Manchin. Major European and Asian indices also closed in red. Hang Seng index suffered a 3.35% weekly loss, down 15% YTD.
↕️ Gold posted the first weekly gain in five weeks, closing at $1,797.96 above the 200-day SMA. WTI crude (SpotCrude) dropped to $70.43 as the fast-spreading Omicron is expected to impact fuel demands. Bitcoin struggling around $47,000.
🤑 The US dollar index (USDX) jumped to 96.60 as the FED projected three rate hikes in 2022 and earlier ending of the QE program, while the yield on 10-year Treasury fell toward 1.40%. USDJPY trended higher at 113.70.
🇪🇺 EUR finished the week lower by 0.70% at 1.1237. Policy divergence and growing Covid threat continued to weigh on the single currency. GBP dipped to 1.3236 amid the USD strength despite BOE’s unexpected rate hike last week.
🌐 AUD and NZD remained under pressure amid the risk-off mood, closing at 0.7126 and 0.6735 respectively. USDCAD was up to 1.2837, the highest close price in one year, making CAD the worst-performing G10 currency last week. USDTRY hit a fresh high of 17.05.
Forwarded from Pepperstone Traders Channel 📊📈💹
Five things traders need to know today
😟 US stocks edged lower Monday on worries of surging Omicron cases and Democratic Senator Joe Manchin’ rejection of Biden’s $1.75 trillion spending program. Goldman cut the US GDP forecast for 2022. Major European and Asian indices closed in red.
🔻 Gold dropped below the 200-day SMA to $1,790.81. WTI crude (SpotCrude) closed lower at $69.49, hitting as low as $64.46 in the session on fears over Covid wave and renewed travel restrictions. Bitcoin consolidated around $47,000.
💵 The US dollar index (USDX) ended slightly lower at 96.48, while Treasury yields increased across the curve. USDJPY was little changed at 113.62.
💵 EUR rebounded to 1.1276 despite some EU nations re-imposing lockdowns and restrictions. GBP continued the losses to 1.3208, near the yearly low, with the UK government saying it could tighten restriction before Christmas.
🌎 AUD ended lower at 0.7109 amid the risk-off mood. NZD wad down to 0.6713, the lowest close price since November 2020. USDCAD jumped to one-year high of 1.2940. USDTRY plunged nearly 20% overnight.
😟 US stocks edged lower Monday on worries of surging Omicron cases and Democratic Senator Joe Manchin’ rejection of Biden’s $1.75 trillion spending program. Goldman cut the US GDP forecast for 2022. Major European and Asian indices closed in red.
🔻 Gold dropped below the 200-day SMA to $1,790.81. WTI crude (SpotCrude) closed lower at $69.49, hitting as low as $64.46 in the session on fears over Covid wave and renewed travel restrictions. Bitcoin consolidated around $47,000.
💵 The US dollar index (USDX) ended slightly lower at 96.48, while Treasury yields increased across the curve. USDJPY was little changed at 113.62.
💵 EUR rebounded to 1.1276 despite some EU nations re-imposing lockdowns and restrictions. GBP continued the losses to 1.3208, near the yearly low, with the UK government saying it could tighten restriction before Christmas.
🌎 AUD ended lower at 0.7109 amid the risk-off mood. NZD wad down to 0.6713, the lowest close price since November 2020. USDCAD jumped to one-year high of 1.2940. USDTRY plunged nearly 20% overnight.
Forwarded from Pepperstone Traders Channel 📊📈💹
What is SANTA CLAUS RALLY? 🎄🎅🤔
A Santa Claus rally is a calendar effect that involves a rise in stock prices during the last 5 trading days in December and the first 2 trading days in the following January.
According to the 2019 Stock Trader's Almanac, the stock market has 💹 risen 1.3% on average during the 7 trading days in question since both 1950 and 1969. Over the 7 trading days in question, stock prices have historically risen 76% of the time, which is far more than the average performance over a 7-day period.
However, in the weeks prior to Christmas, stock prices have not gone up more than at other times of the year.
The Santa Claus rally was first recorded by Yale Hirsch in his Stock Trader's Almanac in 1972.
The Dow Jones Industrial Average (DJIA) has performed better in years following holiday seasons in which the Santa Claus rally does not materialize.
Thanks to our wiki friend! AHA!💡🎉
Learn more about trading here ⬇️⬇️⬇️
Basics: https://www.youtube.com/playlist?list=PLYxIPRxuiczdzhb8YlEXs0nb3gIFv01Do
Fundamental Analysis: https://www.youtube.com/playlist?list=PLYxIPRxuiczc8m0zyaVQiNtNAKEYhvei4
Technical Analysis: https://www.youtube.com/playlist?list=PLYxIPRxuiczcxfYmr6x5bhcAMKme1LMOF
Risk Management: https://www.youtube.com/playlist?list=PLYxIPRxuiczds6LCpyEuYvTvZd2yr947S
A Santa Claus rally is a calendar effect that involves a rise in stock prices during the last 5 trading days in December and the first 2 trading days in the following January.
According to the 2019 Stock Trader's Almanac, the stock market has 💹 risen 1.3% on average during the 7 trading days in question since both 1950 and 1969. Over the 7 trading days in question, stock prices have historically risen 76% of the time, which is far more than the average performance over a 7-day period.
However, in the weeks prior to Christmas, stock prices have not gone up more than at other times of the year.
The Santa Claus rally was first recorded by Yale Hirsch in his Stock Trader's Almanac in 1972.
The Dow Jones Industrial Average (DJIA) has performed better in years following holiday seasons in which the Santa Claus rally does not materialize.
Thanks to our wiki friend! AHA!💡🎉
Learn more about trading here ⬇️⬇️⬇️
Basics: https://www.youtube.com/playlist?list=PLYxIPRxuiczdzhb8YlEXs0nb3gIFv01Do
Fundamental Analysis: https://www.youtube.com/playlist?list=PLYxIPRxuiczc8m0zyaVQiNtNAKEYhvei4
Technical Analysis: https://www.youtube.com/playlist?list=PLYxIPRxuiczcxfYmr6x5bhcAMKme1LMOF
Risk Management: https://www.youtube.com/playlist?list=PLYxIPRxuiczds6LCpyEuYvTvZd2yr947S
YouTube
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Forwarded from IC Markets Traders Channel
Five things traders need to know today
📈 US stocks continued the rebound on Wednesday helped by big techs and Tesla (+7.49%). S&P 500 +1.02% with all eleven sub-sectors closing in green. The emergency authorization on Pfizer’s treatment pill also lifted market sentiment. Major European and Asian indices edged higher.
🌟 Gold surged above $1,800 and Palladium (XPDUSD) +5.1% to $1,876.98. WTI crude (SpotCrude) extended the recovery to $73.31, with US inventories falling by 4.7 million barrels last week. Bitcoin regained $49,000.
💵 The US dollar index (USDX) dropped for a third consecutive session to 96.05, while the yield on 10-year Treasury was down to 1.46%. A slew of US economic data including PCE and Durable goods order is scheduled for release today.
🔺 EUR ended higher at 1.1326. More EU nations re-imposed restrictions ahead of the holiday season. GBP climbed to 1.3350, the highest close price in one month, despite the UK recording 100,000 daily Covid cases for the first time.
😀 Commodity currencies outperformed overnight amid a risk-on mood. AUD was up to 0.7212 and NZD 0.6810. CAD strengthened to 1.2893 per dollar. NOK led the G10 gains on the higher oil prices.
📈 US stocks continued the rebound on Wednesday helped by big techs and Tesla (+7.49%). S&P 500 +1.02% with all eleven sub-sectors closing in green. The emergency authorization on Pfizer’s treatment pill also lifted market sentiment. Major European and Asian indices edged higher.
🌟 Gold surged above $1,800 and Palladium (XPDUSD) +5.1% to $1,876.98. WTI crude (SpotCrude) extended the recovery to $73.31, with US inventories falling by 4.7 million barrels last week. Bitcoin regained $49,000.
💵 The US dollar index (USDX) dropped for a third consecutive session to 96.05, while the yield on 10-year Treasury was down to 1.46%. A slew of US economic data including PCE and Durable goods order is scheduled for release today.
🔺 EUR ended higher at 1.1326. More EU nations re-imposed restrictions ahead of the holiday season. GBP climbed to 1.3350, the highest close price in one month, despite the UK recording 100,000 daily Covid cases for the first time.
😀 Commodity currencies outperformed overnight amid a risk-on mood. AUD was up to 0.7212 and NZD 0.6810. CAD strengthened to 1.2893 per dollar. NOK led the G10 gains on the higher oil prices.
Forwarded from USG Traders Channel
Five things traders need to know today
📈 US stocks continued the rebound on Wednesday helped by big techs and Tesla (+7.49%). S&P 500 +1.02% with all eleven sub-sectors closing in green. The emergency authorization on Pfizer’s treatment pill also lifted market sentiment. Major European and Asian indices edged higher.
🌟 Gold surged above $1,800 and Palladium (XPDUSD) +5.1% to $1,876.98. WTI crude (SpotCrude) extended the recovery to $73.31, with US inventories falling by 4.7 million barrels last week. Bitcoin regained $49,000.
💵 The US dollar index (USDX) dropped for a third consecutive session to 96.05, while the yield on 10-year Treasury was down to 1.46%. A slew of US economic data including PCE and Durable goods order is scheduled for release today.
🔺 EUR ended higher at 1.1326. More EU nations re-imposed restrictions ahead of the holiday season. GBP climbed to 1.3350, the highest close price in one month, despite the UK recording 100,000 daily Covid cases for the first time.
😀 Commodity currencies outperformed overnight amid a risk-on mood. AUD was up to 0.7212 and NZD 0.6810. CAD strengthened to 1.2893 per dollar. NOK led the G10 gains on the higher oil prices.
📈 US stocks continued the rebound on Wednesday helped by big techs and Tesla (+7.49%). S&P 500 +1.02% with all eleven sub-sectors closing in green. The emergency authorization on Pfizer’s treatment pill also lifted market sentiment. Major European and Asian indices edged higher.
🌟 Gold surged above $1,800 and Palladium (XPDUSD) +5.1% to $1,876.98. WTI crude (SpotCrude) extended the recovery to $73.31, with US inventories falling by 4.7 million barrels last week. Bitcoin regained $49,000.
💵 The US dollar index (USDX) dropped for a third consecutive session to 96.05, while the yield on 10-year Treasury was down to 1.46%. A slew of US economic data including PCE and Durable goods order is scheduled for release today.
🔺 EUR ended higher at 1.1326. More EU nations re-imposed restrictions ahead of the holiday season. GBP climbed to 1.3350, the highest close price in one month, despite the UK recording 100,000 daily Covid cases for the first time.
😀 Commodity currencies outperformed overnight amid a risk-on mood. AUD was up to 0.7212 and NZD 0.6810. CAD strengthened to 1.2893 per dollar. NOK led the G10 gains on the higher oil prices.
Forwarded from Quant FX
May the year 2022 turn your trading plans into profits and all your efforts into huge portfolio performance! 🥂
Happy New Year Everyone! 🎉 🎆 🎇🎉🍷
May our trades be great! 📈📈📈
YTC: https://www.youtube.com/channel/UC6216_EGy1mhDcLMvjkzzQg?sub_confirmation=1
Happy New Year Everyone! 🎉 🎆 🎇🎉🍷
May our trades be great! 📈📈📈
YTC: https://www.youtube.com/channel/UC6216_EGy1mhDcLMvjkzzQg?sub_confirmation=1
Forwarded from Pepperstone Traders Channel 📊📈💹
Five things traders need to know today
📈 S&P 500 and Dow hit fresh highs on the first trading day of 2022 amid light volume. Apple briefly topped $3 trillion market cap in the session, the first company to achieve this milestone. Tesla +13.5% after a record Q4 deliveries. While most European indices had a positive start, Hang Seng extended its decline on Monday.
🆙 WTI crude (SpotCrude) soared more than 55% in 2021 and kicked off the new year with gains to close at $76.20. OPEC+ is set to announce its February output today. Gold tumbled to $1,801.21 following a disappointing year. Bitcoin was around $46,000 below the 200-day SMA.
🤑 The US dollar index (USDX) regained 96 as the yield on 10-year Treasury pushed above 1.60%, helping USDJPY up to 115.32. JPY was the worst performing G10 currency in 2021, losing 10.32% against the greenback.
🇪🇺 EUR retreated from seven-week high to 1.1297, with the Omicron cases exploding in EU nations. The shared currency suffered a 7% loss last year against the dollar. GBP ended lower at 1.3476, ending a three-day winning streak.
🌏 CAD, which eased to 1.2744 per dollar overnight, was the only G10 currency that outperformed last year, thanks to the rally of oil prices. AUD and NZD were down to 0.7190 and 0.6785 respectively.
📈 S&P 500 and Dow hit fresh highs on the first trading day of 2022 amid light volume. Apple briefly topped $3 trillion market cap in the session, the first company to achieve this milestone. Tesla +13.5% after a record Q4 deliveries. While most European indices had a positive start, Hang Seng extended its decline on Monday.
🆙 WTI crude (SpotCrude) soared more than 55% in 2021 and kicked off the new year with gains to close at $76.20. OPEC+ is set to announce its February output today. Gold tumbled to $1,801.21 following a disappointing year. Bitcoin was around $46,000 below the 200-day SMA.
🤑 The US dollar index (USDX) regained 96 as the yield on 10-year Treasury pushed above 1.60%, helping USDJPY up to 115.32. JPY was the worst performing G10 currency in 2021, losing 10.32% against the greenback.
🇪🇺 EUR retreated from seven-week high to 1.1297, with the Omicron cases exploding in EU nations. The shared currency suffered a 7% loss last year against the dollar. GBP ended lower at 1.3476, ending a three-day winning streak.
🌏 CAD, which eased to 1.2744 per dollar overnight, was the only G10 currency that outperformed last year, thanks to the rally of oil prices. AUD and NZD were down to 0.7190 and 0.6785 respectively.
Forwarded from Pepperstone Traders Channel 📊📈💹
Five things traders need to know today
📈 US stocks ended slightly lower overnight following the big selloff seen on Wednesday sparked by FED meeting minutes that indicated sooner and faster rate hikes. Investors are repricing asset prices in an environment of rising interest rates. Major European and Asian indexes closed in red.
🛢️ WTI crude (SpotCrude) surged toward a seven-week high near $80 on supply constraints from OPEC+ members and North America. Gold fell to $1,790.84 and Bitcoin extended decline to $43,100.
💲 The US dollar index (USDX) was slightly up to 96.20, helped by the rising Treasury yields. The weekly jobless claims were higher than estimates and nonfarm payroll is scheduled for release tonight. USDJPY retreated from its five-year high to 115.84.
↕️ EUR ended lower at 1.1298 ahead of EU CPI number, which is expected to ease from 4.9% to 4.7% in December. GBP dipped to 1.3534, seesawing near a two-month high. USDCHF was up to 0.9212.
🌎 Commodity currencies remained under pressure, with AUD dropping to 0.7162 and NZD down to 0.6746. USDCAD continued to struggle below the 20-day SMA at 1.2724. Canada’s employment and PMI data is on radar today.
📈 US stocks ended slightly lower overnight following the big selloff seen on Wednesday sparked by FED meeting minutes that indicated sooner and faster rate hikes. Investors are repricing asset prices in an environment of rising interest rates. Major European and Asian indexes closed in red.
🛢️ WTI crude (SpotCrude) surged toward a seven-week high near $80 on supply constraints from OPEC+ members and North America. Gold fell to $1,790.84 and Bitcoin extended decline to $43,100.
💲 The US dollar index (USDX) was slightly up to 96.20, helped by the rising Treasury yields. The weekly jobless claims were higher than estimates and nonfarm payroll is scheduled for release tonight. USDJPY retreated from its five-year high to 115.84.
↕️ EUR ended lower at 1.1298 ahead of EU CPI number, which is expected to ease from 4.9% to 4.7% in December. GBP dipped to 1.3534, seesawing near a two-month high. USDCHF was up to 0.9212.
🌎 Commodity currencies remained under pressure, with AUD dropping to 0.7162 and NZD down to 0.6746. USDCAD continued to struggle below the 20-day SMA at 1.2724. Canada’s employment and PMI data is on radar today.
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😟 US stocks ended the first trading week of 2022 lower on fears of the earlier and faster rate hikes, with Tech-heavy Nasdaq -4.5% and S&P 500 -1.8%. While nonfarm payroll added 199k in December against 400k expected, the unemployment rate dropped to 3.9%, the lowest in 22 months. European and Asian indices closed mixed on the week.
↕️ Gold closed below $1,800 on FED’s hawkish meeting minutes and tight US labor market conditions. WTI crude (SpotCrude) continued the gains to $78.91 as the unrest in Kazakhstan escalated the supply constraints. Bitcoin traded around $42,000.
🤑 The US dollar index (USDX) was slightly higher on the week at 96.70, with market pricing in more than 80% chance of a 25bp rate hike in March. The yield on 10-year Treasury climbed to 1.76%, the highest close since the pandemic began. CPI data and FED speech is under the spotlight this week.
🇪🇺 EUR ended the week lower at 1.1359 near the 50-day SMA, with EU CPI hitting record 5% in December. GPB was up to a two-month high of 1.3591. USDJPY rose for the fifth consecutive week to 115.55.
🌏 AUD tumbled 1.25% last week and became the worst performing G10 currency, followed by NZD, which slumped 1.04% to 0.6775. CAD strengthened to 1.2643 on Friday after Canada’s stronger-than-expected employment report.
😟 US stocks ended the first trading week of 2022 lower on fears of the earlier and faster rate hikes, with Tech-heavy Nasdaq -4.5% and S&P 500 -1.8%. While nonfarm payroll added 199k in December against 400k expected, the unemployment rate dropped to 3.9%, the lowest in 22 months. European and Asian indices closed mixed on the week.
↕️ Gold closed below $1,800 on FED’s hawkish meeting minutes and tight US labor market conditions. WTI crude (SpotCrude) continued the gains to $78.91 as the unrest in Kazakhstan escalated the supply constraints. Bitcoin traded around $42,000.
🤑 The US dollar index (USDX) was slightly higher on the week at 96.70, with market pricing in more than 80% chance of a 25bp rate hike in March. The yield on 10-year Treasury climbed to 1.76%, the highest close since the pandemic began. CPI data and FED speech is under the spotlight this week.
🇪🇺 EUR ended the week lower at 1.1359 near the 50-day SMA, with EU CPI hitting record 5% in December. GPB was up to a two-month high of 1.3591. USDJPY rose for the fifth consecutive week to 115.55.
🌏 AUD tumbled 1.25% last week and became the worst performing G10 currency, followed by NZD, which slumped 1.04% to 0.6775. CAD strengthened to 1.2643 on Friday after Canada’s stronger-than-expected employment report.
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📉 US stocks indexes erased intraday losses and closed slightly lower on Monday, helped by financial and big tech. Goldman Sachs predicted the Fed will hike rates four times this year based on rising inflation and tightening labour market. Major European and Asian indices closed in red.
🌟 Gold climbed above $1,800 and regained the 200-day SMA. WTI crude (SpotCrude) dropped to $78.50 as the supply in Kazakhstan and Libya gradually increased. Bitcoin traded around $41,680 near a four-month low.
💲 The US dollar index (USDX) was up to 95.89 ahead of Fed Chairman Jerome Powell's confirmation hearing on Tuesday. The yield on 10-year Treasury eased to 1.76% after a six-day rally. JPY is the only G10 currency that outperformed overnight.
↕️ EUR ended lower at 1.1327 and GBP failed to push through 1.36. The EU unemployment rate came in line with expectations at 7.2% in November. USDCHF jumped 0.96% to 0.9271, with EURCHF rising for a fourth straight day to 1.0502.
🌏 AUD was little changed at 0.7137. Australian November retail sales data is scheduled for release today. NZD was down to 0.6762. USDCAD rebounded to 1.2676 after confirming the 1.2610 support.
📉 US stocks indexes erased intraday losses and closed slightly lower on Monday, helped by financial and big tech. Goldman Sachs predicted the Fed will hike rates four times this year based on rising inflation and tightening labour market. Major European and Asian indices closed in red.
🌟 Gold climbed above $1,800 and regained the 200-day SMA. WTI crude (SpotCrude) dropped to $78.50 as the supply in Kazakhstan and Libya gradually increased. Bitcoin traded around $41,680 near a four-month low.
💲 The US dollar index (USDX) was up to 95.89 ahead of Fed Chairman Jerome Powell's confirmation hearing on Tuesday. The yield on 10-year Treasury eased to 1.76% after a six-day rally. JPY is the only G10 currency that outperformed overnight.
↕️ EUR ended lower at 1.1327 and GBP failed to push through 1.36. The EU unemployment rate came in line with expectations at 7.2% in November. USDCHF jumped 0.96% to 0.9271, with EURCHF rising for a fourth straight day to 1.0502.
🌏 AUD was little changed at 0.7137. Australian November retail sales data is scheduled for release today. NZD was down to 0.6762. USDCAD rebounded to 1.2676 after confirming the 1.2610 support.
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Five things traders need to know today
📉 US stocks continued the decline last week on fears of FED’s tightening policy and weaker-than-expected December retail sales. JP Morgan and Citigroup kicked off the Q4 earnings season on Friday, with both earning results missing estimates. European and Asian indices closed the week mixed, with Hang Seng +3.79%.
🌟 Gold ended the week higher at $1,817.49 amid the USD weakness. WTI (+6.86%) and Brent (+5.75%) jumped for the fourth consecutive week, helped by the NatGas, which surged more than 7% last week and +11% YTD. Bitcoin struggled around $43,000.
💰 The US dollar index (USDX) fell to 95.00, despite the yield on 10-year Treasury closing at the highest level in two years. All G10 currencies gained against the greenback for the week, with JPY and NOK leading the moves.
🇪🇺 EUR climbed to 1.1415 after the breakout, eyeing the 100-day SMA near 1.1500. The four-week winning streak sent GBP to the highest since October 2021. A slew of UK economic data (unemployment rate, CPI, retail sales, etc) is scheduled for release this week.
🆙 AUD ended the week higher at 0.7216 despite the sharp selloff on Friday, which formed a shooting star on the daily chart. NZD closed at 0.6811. USDCAD extended the losses to 1.2545.
📉 US stocks continued the decline last week on fears of FED’s tightening policy and weaker-than-expected December retail sales. JP Morgan and Citigroup kicked off the Q4 earnings season on Friday, with both earning results missing estimates. European and Asian indices closed the week mixed, with Hang Seng +3.79%.
🌟 Gold ended the week higher at $1,817.49 amid the USD weakness. WTI (+6.86%) and Brent (+5.75%) jumped for the fourth consecutive week, helped by the NatGas, which surged more than 7% last week and +11% YTD. Bitcoin struggled around $43,000.
💰 The US dollar index (USDX) fell to 95.00, despite the yield on 10-year Treasury closing at the highest level in two years. All G10 currencies gained against the greenback for the week, with JPY and NOK leading the moves.
🇪🇺 EUR climbed to 1.1415 after the breakout, eyeing the 100-day SMA near 1.1500. The four-week winning streak sent GBP to the highest since October 2021. A slew of UK economic data (unemployment rate, CPI, retail sales, etc) is scheduled for release this week.
🆙 AUD ended the week higher at 0.7216 despite the sharp selloff on Friday, which formed a shooting star on the daily chart. NZD closed at 0.6811. USDCAD extended the losses to 1.2545.