Risk appetite has been on a slow trajectory of recovery in the quiet between major event risk, but confidence for the Nasdaq 100 and S&P 500 may have been shaken by Google’s earnings miss. With a heavy macro docket ahead, volatility risks are high – as is the threshold to commitment to a clear trend.
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Tuesday, 25 October 2022
Australian Dollar Snubs Red Hot CPI that Takes Puts the RBA on Notice. Where to for AUD/USD
The Australian Dollar ignored the much-anticipated Q3 CPI that came in above expectations at 7.3% ahead of next Tuesday’s RBA rate decision. Will an RBA hike do anything for AUD/USD?
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S&P 500 Futures Turn Lower After Microsoft and Alphabet Post Mixed Earnings. Now What?
Microsoft’s quarterly results topped expectations, but Alphabet’s earnings came well below market forecasts, driving S&P 500 futures lower in extended trading.
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Fed’s Mary Daly Sparks Market Optimism
San Francisco Fed President Mary Daly surprised markets with dovish rhetoric ahead of the Fed’s blackout period
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Monday, 24 October 2022
Euro at Crossroads as ECB Rate Hike Looms While Crude Ponders China’s Growth Outlook
The Euro inched higher against the US Dollar in anticipation of higher European rates while China’s growth prospects have been mired by policy uncertainty. Where to for EUR/USD?
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USDCNH Soars, S&P 500 Diverges from Chinese Markets, USDJPY Falls Short Again
A fundamentally packed week has already opened to significant volatility. Yet, the activity of the S&P 500 and Dollar have bowed to the volatility of the USDJPY and Chinese equity markets. That skew in activity may not last for long with FAANG earnings, key economy growth readings and ECB rate decision ahead.
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Copper Price Outlook: US PMI Miss, China Government Shakeup Bode Poorly for the Red Metal
Copper prices are moving lower in Asia-Pacific trading as traders weigh contrasting economic data and a shakeup in President Xi Jinping’s newly formed government. Meanwhile, a potential breakout is on the horizon.
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Japanese Yen Subdued Against US Dollar After a Whippy Start to the Week
The Japanese Yen consolidated on Tuesday after a hectic start to the week and following on from Friday where wide ranges dominated proceedings. Will the BoJ win in the USD/JPY battle?
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Gold Price Reverses Ahead of Yearly Low to Eye 50-Day SMA
The price of gold may attempt to test the 50-Day SMA ($1691) as it reverses ahead of the yearly low ($1615).
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Australian Dollar Trails Chinese Stocks Lower Despite Dow Jones Gains
The Australian Dollar fell against the US Dollar despite a rosy Wall Street trading session. Fed bets eased after weak PMI numbers, bolstering equities, but Chinese stocks remain under intense selling pressure.
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US Composite PMI Slumps as Factory Output Shrinks, Case for Fed Pivot Grows
U.S. business activity worsened in October on weaker demand conditions, a sign that the economy may be headed for a recession, which could prompt the Fed to abandon its ultra-hawkish stance.
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Bitcoin, Ether Outlook: BTC, ETH Indecisive Ahead of Another Big Week
Bitcoin and Ethereum are trading slightly lower as price action remains conflicted in a narrow range. Question remains, can cryptocurrency break free?
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FTSE 100 Outlook: UK Equities Slump Despite New PM Vote and Weaker GBP
Terrible PMI data overshadows news that Rishi Sunak could be announced as the new prime minister at 14:00 (UK time). Weaker pound fails to lift UK equites
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What is Earnings Season & What to Look for in Earnings Reports?
Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.
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Euro Breaking News: Lackluster Eurozone PMI Adds to the ECBs Woes
The Eurozone continued its downturn to start Q4 with the ECB facing a host of challenges. Will further hikes push the zone into a recession?
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Sunday, 23 October 2022
British Pound Bounces After Boris Backdown Amid US Dollar Strengthening
The British pound has found firmer footing after Boris Johnson pulled out the race to be Prime Minister. The US Dollar resumed ascending elsewhere as growth risks re-emerge.
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Japanese Yen Whipsawed Against US Dollar on Intervention Speculation
The Japanese Yen continues to lose ground against the US Dollar despite rumours of the Bank of Japan intervening again in USD/JPY. Can central bank selling contain USD/JPY?
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AUD/USD Eyes Chinese GDP After Dow Jones Surged Amid Risk-On Move
The Australian Dollar is likely at the mercy of Chinese economic data, which includes the previously delayed third-quarter GDP growth rate.
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Markets Week Ahead: Dow Jones, Yields, US Dollar, USD/JPY, EUR/USD, USD/CAD, China GDP, ECB, BoC
An event-filled week is ahead, with Chinese GDP data, US PMIs, and rate decisions from the Bank of Canada and European Central Bank filling the docket. That should keep volatility elevated.
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S&P 500 Week Ahead Forecast: Megacap Tech Earnings in Focus as Fed Enters Blackout
Quarterly results from Alphabet, Microsoft, Meta Platforms, Apple and Amazon will take center stage next week as the Fed's blackout period temporarily reduces attention on monetary policy.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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The US Dollar soared against the Indonesian Rupiah, with USD/IDR eyeing its best month since the 1997 Asia financial crisis amid the coronav...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...