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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.
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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
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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
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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.
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! 📈📈📈
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Happy New Year Everyone! 🎉 🎆 🎇🎉🍷
May our trades be great! 📈📈📈
YTC: https://www.youtube.com/channel/UC6216_EGy1mhDcLMvjkzzQg?sub_confirmation=1
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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.
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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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Five things traders need to know today
😟 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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Five things traders need to know today
📉 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 came under pressure on Thursday as the selloff in tech resumed, with Nasdaq -2.51% and S&P 500 -1.42%. Dow -0.49%. US PPI (9.7% YoY) missed estimates in December but still hit the record level. JP Morgan will kick off the Q4 earning season on Friday. European and Asian indices closed mixed yesterday.
🔻 Gold dipped to $1,822.50, ending a four-day winning streak. WTI crude (SpotCrude) retreated to $81.84 from a two-month high. NatGas -11.08% after the rally seen on Thursday. Bitcoin closed lower at $4,2836.
💵 The US dollar index (USDX) continued the correction to a key support level of 94.80, with the yield on 10-year Treasury dropped toward 1.70%. The jobless claims unexpectedly increased by 230k last week, with the retail sales and Michigan consumer sentiment due out today.
↕️ EUR extended the recovery to 1.1454 following Thursday's breakout, now eyeing the 100-day SMA near 1.1500. GBP closed flat at 1.3702 after giving up the intraday gains. Safe-haven JPY and CHF led the G10 gains overnight.
🌏 AUD was slightly down to 0.7280 amid the risk-off mood, while NZD ended higher at 0.6861, the highest since late November. USDCAD was up to 1.2519.
😟 US stocks came under pressure on Thursday as the selloff in tech resumed, with Nasdaq -2.51% and S&P 500 -1.42%. Dow -0.49%. US PPI (9.7% YoY) missed estimates in December but still hit the record level. JP Morgan will kick off the Q4 earning season on Friday. European and Asian indices closed mixed yesterday.
🔻 Gold dipped to $1,822.50, ending a four-day winning streak. WTI crude (SpotCrude) retreated to $81.84 from a two-month high. NatGas -11.08% after the rally seen on Thursday. Bitcoin closed lower at $4,2836.
💵 The US dollar index (USDX) continued the correction to a key support level of 94.80, with the yield on 10-year Treasury dropped toward 1.70%. The jobless claims unexpectedly increased by 230k last week, with the retail sales and Michigan consumer sentiment due out today.
↕️ EUR extended the recovery to 1.1454 following Thursday's breakout, now eyeing the 100-day SMA near 1.1500. GBP closed flat at 1.3702 after giving up the intraday gains. Safe-haven JPY and CHF led the G10 gains overnight.
🌏 AUD was slightly down to 0.7280 amid the risk-off mood, while NZD ended higher at 0.6861, the highest since late November. USDCAD was up to 1.2519.
Forwarded from XM Traders Channel 📊📈💹
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.
Forwarded from Pepperstone Traders Channel 📊📈💹
Five things traders need to know today
😔 US stocks continued the decline on Tuesday with S&P 500 -1.8% and Nasdaq -2.5%. Goldman Sachs fell by 7% after its disappointing earning result and triggered the selloff of bank stocks. While most major global indices were in the sea of red, China’s benchmark CSI300 added nearly 1%.
🛢️ WTI crude (SpotCrude) hit a seven-year high of $86.49 as OPEC is optimistic about world oil demand in 2022. Brent (SpotBrent) surged past $88. Gold dropped to $1,813.67 and Bitcoin continued the consolidation near $42,000.
💲 The US dollar index (USDX) jumped to 95.65 as the market has priced in more than 25bp rate hike in March. The 10-year Treasury yield surged to 1.87% and the 2-year yield was above 1%, both hitting pre-Covid highs. JPY was little changed overnight. The BoJ raised its inflation forecasts but dropped the growth forecast.
🔻 EUR slumped for a third straight day to 1.1327, little impacted by the upbeat German Economic Sentiment, which rose to 51.7 in January from 29.9. GBP ended below 1.3600. UK unemployment rate was down to 4.1% for September to November period.
⏬ AUD extended the losses to 0.7184 amid the risk-off mood. NZD was down to 0.6770 as the NZ consumer confidence -28% in Q4. CAD strengthened to 1.2511 per dollar thanks to the higher crude prices.
😔 US stocks continued the decline on Tuesday with S&P 500 -1.8% and Nasdaq -2.5%. Goldman Sachs fell by 7% after its disappointing earning result and triggered the selloff of bank stocks. While most major global indices were in the sea of red, China’s benchmark CSI300 added nearly 1%.
🛢️ WTI crude (SpotCrude) hit a seven-year high of $86.49 as OPEC is optimistic about world oil demand in 2022. Brent (SpotBrent) surged past $88. Gold dropped to $1,813.67 and Bitcoin continued the consolidation near $42,000.
💲 The US dollar index (USDX) jumped to 95.65 as the market has priced in more than 25bp rate hike in March. The 10-year Treasury yield surged to 1.87% and the 2-year yield was above 1%, both hitting pre-Covid highs. JPY was little changed overnight. The BoJ raised its inflation forecasts but dropped the growth forecast.
🔻 EUR slumped for a third straight day to 1.1327, little impacted by the upbeat German Economic Sentiment, which rose to 51.7 in January from 29.9. GBP ended below 1.3600. UK unemployment rate was down to 4.1% for September to November period.
⏬ AUD extended the losses to 0.7184 amid the risk-off mood. NZD was down to 0.6770 as the NZ consumer confidence -28% in Q4. CAD strengthened to 1.2511 per dollar thanks to the higher crude prices.
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⏬ 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.
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😟 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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🙃 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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😀 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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📈 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.