S&P 500, Dow and Nasdaq Fall Despite Strong Corporate Earnings

Major U.S. stock indices end in negative territory as investors weigh good corporate earnings, despite gloomy economic outlook, ahead of more interest rate hikes.

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EURUSD Continues to Coil – Is a Big Move Imminent?

EURUSD continues to carve out a symmetrical triangle as traders await the next large move.

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Hang Seng Index Sinks to New Lows While the Fed Maintains Hawkishness

The Hang Seng index continues to struggle under the weight of zero-case Covid-19 policy and a lack incentives for investment in Hong Kong.

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S&P 500 First Gap Down in 5 Days, USDJPY Longest Run in 5 Decades

The fundamentally-light lift from the S&P 500 and other risk-leaning assets has lost traction this past session with the index’s first gap lower on the open in five sessions. Attention is shifting to a serious docket next week. Meanwhile, the USDJPY has notched its longest bull run since 1973 in a serious blow to BOJ credibility.

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Gold Bends the Knee to Rising Yields and US Dollar. Will Initial Jobless Claims Spark Rebound?

Gold prices fell on Wednesday against rising yields and US Dollar, and prices remained under pressure in Asia-Pacific trading. A weak US initial jobless claims report may provide respite to bullion prices.

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Australian Dollar Ducked After a Slight Miss on Jobs Data. Will AUD/USD Recover?

The Australian Dollar dipped after underwhelming jobs data, but it revealed a still very tight labour market. Attention now turns to CPI for RBA action and AUD/USD implications.

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Oil Price Reverses Ahead of Monthly Low to Keep Bull Flag Formation Intact

A bull-flag formation may unfold over the coming days as the price of oil appears to be reversing a head of the monthly low ($80.87).

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Japanese Yen Traders Square Up Against MoF and BoJ as USD/JPY Targets 150

The Japanese Yen approaches a critical level against the US Dollar at the 150 mark, setting up another fight against Yen shorts and Japan’s policymakers. Chinese interest rates are also in focus for APAC traders.

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Gold Price to Fall Towards April 2020 Low on Failure to Defend Yearly Low

The price of gold may fall towards the April 2020 low ($1568) if it fails to hold above the yearly low ($1615).

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Tesla Dips on Mixed Earnings Report, S&P 500 and Nasdaq 100 on Weak Footing

Tesla reported mixed third-quarter results, topping EPS expectations but missing on revenue and margin estimates, sending the company’s stocks lower in extended trading.

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EUR/USD Outlook Remains Bearish Ahead of the October ECB Meeting

Despite recent gains in the EUR/USD, the medium-term outlook for the currency pair remains gloomy amid global recession fears

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Huge S&P 500 Gap Higher and Earnings Glow Hide Growing Financial Threats

While the US indices wouldn’t hold build upon the gains, the S&P 500 and crew nevertheless opened this past session to a serious 1.9 percent gap higher – making for a second massive bullish jump. The market’s charge is bolstering questionable justification; but in the background, financial warnings keep going off.

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Oil Prices Eye EIA Inventory Data as Biden Administration Considers Extreme Actions

WTI crude and brent crude oil prices are slightly higher after news of an additional US SPR release sent prices sharply lower on Tuesday. The Biden administration is considering additional measures to cool prices.

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Japanese Yen Marches Lower vs. US Dollar, Less So Against Chinese Yuan and Crude Oil

The Japanese Yen continues to lose ground against the US Dollar, but less so against the Chinese Yuan and crude oil. Will that allow for a higher USD/JPY than the market thinks?

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EUR/USD Rate Rebounds Ahead of Yearly Low to Approach 50-Day SMA

EUR/USD appears to be on track to test the 50-Day SMA (0.9924) as it reverses course ahead of the yearly low (0.9536).

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Asia-Pacific Markets Look Higher After Dow Jones Gains as Chinese Yuan Underperforms

The Chinese Yuan weakened against the US Dollar despite a pullback in the DXY Index. Asia-Pacific markets look primed to gain after the second day of Wall Street gains amid a sparse economic docket.

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AUD/USD Rebound Pulls RSI Out of Oversold Zone Ahead of Australia Employment

Fresh data prints coming out of Australia may prop up AUD/USD as employment is expected to increase for the second consecutive month.

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Netflix Pops on Earnings Beat, Tesla’s Results Next. What Now for the S&P 500?

Netflix reported better-than-expected bottom-line results, sending the company's stock higher in the extended session. Tesla’s earnings eyed on Wednesday for clues about the S&P 500 next moves.

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FX Week Ahead - Top 5 Events: Chinese National Congress; Canada, Eurozone, New Zealand, UK Inflation Rates

Inflation data is squarely in focus in the coming days.

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Fedspeak Schedule for the Week Ahead

FOMC speakers are back as markets yearn for information following last week’s hot CPI print.

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