On the daily chart below for the Nasdaq, we can see that we have finally got a breakout. This 12274 level has been a really tough nut to crack, but the buyers eventually succeeded. We can see how they’ve been knocking on that door for over a month and as soon as the...
The rally that caught many by surprise – JPN225
Among the main beneficiaries of the rally that took place in the equity markets in the last few hours, after optimism grew late Wednesday afternoon about an imminent solution to the debt ceiling impasse, were the US indices, led by the Nasdaq (+1.81%) which rose to...
스마트폰만 있으면 하루 20분 부업으로 월150 추가로 버는 현실적인 방법
https://www.youtube.com/watch?v=xBIPwvfq7ts 안녕하세요 돈버는 정보 입니다. 단순히 과장된 부업이 아닌 현실적인 방법으로 “누구나” 수익을 올릴 수 있는 부업만을 알려드리고 있습니다. 저희 꿈인 대형 커뮤니티 슬슬 현실이 되어가고 있는데요. 그거 때문에 이런정보들 알아보며 최대한 자세히 알려드리려 노력하고있습니다. 이번 내용은 정말 현실적이고 누구나 폰 하나만 가지고 전문적인 지식없이 당일마다 수익이 가능하기에 궁금하신...
ECB’s Lagarde: We are heading towards more delicate decisions going forward
ECB will be courageous to take needed decisions to bring inflation back to 2%Just some token remarks and not really giving much away for now. Another rate hike is well expected for June but we will see if there will be any more after for the ECB. A lot of that is...
Dollar gains stall for now but the technicals look good
The dollar jump yesterday was certainly noteworthy but we are seeing a light pullback to the gains in trading today. Of note, USD/JPY is down 0.4% to 138.10 levels but buyers are still looking poised in the bigger picture.Meanwhile, the antipodeans are also taking...
Dow Jones Technical Analysis
On the daily chart below, we can see that the price has bounced from the 33000 level and rallied towards the red long period moving average. This is where the sellers are likely to lean on looking for more downside and targeting the 32684 support. The price action...
Russell 2000 Technical Analysis
On the daily chart below, we can see that after bouncing from the 1723 support, the market started to rally again towards the resistance at the 50% Fibonacci retracement level. The market has been stuck in this range since the Silicon Valley Bank collapse in...
AI Stocks to Check Out for 2023
Unlike other tech-based trends in recent times like the Metaverse or Blockchain technology, AI seems to showthe most promise for real-world applications. In fact, it might not even be appropriate to call AI a trend. It’s been used by Ukraine to (successfully) target...
BOJ’s Ueda: Appropriate to take time in determining when to modify easy policy
No change to BOJ stance of patiently maintaining easy policyWill not hesitate to take additional easing steps if neededWill maintain stimulus measures with yield curve controlThe cost of shifting policy prematurely is extremely highThe downside of waiting to ensure...
Market Update – May 19 – Treasuries extended selloff, Stocks rallied, USD firmed
The USDIndex extended its rally to 103.62, the best since mid-March. Yields have been on the rise all week and are at their highest levels since mid-March. Implied Fed funds futures are now pricing in material risk of about 40% for another 25 bp hike in June, and...
BOJ’s Ueda: Japan inflation likely to slow back below 2% in middle of current fiscal year
Then likely to rebound thereafter through uncertainty regarding outlook is very highCurrent inflation rise is due to external, cost-push factors; not demand strengtheningTightening monetary policy in response to this would hurt the economyInflation expectations must...
European equities slightly higher at the open today
Eurostoxx +0.3%Germany DAX +0.3%France CAC 40 +0.3%UK FTSE +0.3%Spain IBEX +0.3%The DAX continues to track closer towards the highs from last year at 16,285-90 so that is one to watch among European indices. The optimism is still running after the gains from Wall...
ECB reportedly to step up scrutiny of bank liquidity, may raise requirements
This will see the central bank increase scrutiny on lenders' liquidity reserves and also communicate stricter requirements to individual firms later this year. This comes in the aftermath of the banking crisis that struck in March and April. While all of this sounds...
Eurostoxx futures +0.3% in early European trading
German DAX futures +0.3%UK FTSE futures +0.2%The DAX is just a whisker away from fresh record highs once again and the optimistic momentum from Wall Street yesterday looks to be transferring over in early trade. S&P 500 futures are up marginally 0.1% with Nasdaq...
Germany April PPI +0.3% vs -0.5% m/m expected
Prior -2.6%PPI +4.1% vs +4.0% y/y expectedPrior +7.5%This is the first time since September last year that producer prices actually increased and it comes against the estimates of yet another drop. Looking at the details, prices for capital goods (+0.6%), non-durable...
FX option expiries for 19 May 10am New York cut
There is just one to take note of, as highlighted in bold.That being a large one for USD/CAD at 1.3500, which sits near the 100-day moving average at 1.3507 currently. That might limit upside price action in the pair in European trading before rolling off and also...
Trade ideas thread – European session 19 May 2023
The dollar looks to finally broke through key levels this week and all there's left is for Powell not to muck it all up later today.EUR/USD breaks below 1.0800 and 100-day moving average of 1.0806USD/JPY breaks above 138.00 and resistance region of 137.77-91 to highs...
China state banks reportedly seen swapping yuan for dollars in onshore forwards market
The thinking here is to swap the yuan for dollars in the forwards market to manage the fall in the domestic currency itself. This is done via mopping up dollar liquidity from the swap market, thus reducing readiness of dollar sales against the yuan. This is part of...
How has the Fed pricing changed in the past week?
Now, that pricing has moved up to roughly 32% odds especially after the more hawkish headlines from yesterday. A look at the Fed funds futures curve also shows that traders have pared back their expectations on rate cuts. Previously, they saw three rate cuts by...
Little on the agenda in Europe today
There are a couple of interesting themes developing this week across markets and they're not really in sync. For one, the dollar is breaking out alongside higher yields but at the same time, we are seeing stocks rally courtesy of a breakout in tech.It's not your...