General information
All eyes are on the FOMC later today. A 25bp rate hike is nailed on so the focus will be on what Chair Powell has to say, both in the statement and his press conference.
1 February 11:16
At the time of writing, the world’s largest crypto is on course for best January since 2013, having notched a a 38% gain since the end of 2022.
31 January 11:22
The global oil benchmark is taking cautious steps higher while push and pull factors are still in play. Hopes that peak US interest rates is drawing close, coupled with the optimism surrounding China’s economic reopening, are placing Brent on course for a third successive weekly gain.
27 January 11:10
Spot gold has been pulled back slightly after the stronger-than-expected US GDP data dampened hopes that the Fed can turn less hawkish in the near future.
27 January 11:07
Mastercard is set to report its 4Q earnings in just a few hours, before US markets open today (Thursday, January 26th).
26 January 09:35
Strap yourselves in for a pivotal week in financial markets as we get rate decisions by the Fed, ECB and the BOE all within 18 hours or so of each other.
30 January 08:59
The world’s premier reserve currency continues to languish near its recent lows with price action remaining relatively rangebound and choppy so far this year.
25 January 12:21
Although USD/JPY is now trading back above the psychologically-important 130 level, at least Yen bulls may take heart from the fact that this FX pair remains firmly in the downtrend that began back in October.
18 January 11:06
Among all G10 currencies, the Japanese Yen has so far seen the best start to 2023 against the US dollar which has seen broad-based weakness so far this year.
16 January 08:52
Since Litecoin’s trough back in June, it has surged by as much as 130.56% (using intraday prices) as of yesterday. And it’s still trading around levels not seen since May 2022.
24 January 10:16
Bitcoin has risen above the psychologically-important $21k mark, having punched past its 20-day simple moving average (SMA) and is now testing resistance around the early-November 2022 peak.
17 January 11:10
While noting that the new year is very much still in its infancy, one can’t help but notice the recent surge across the crypto sector.
10 January 10:37
Bitcoin prices have been consolidating into a tight range around the $17,000 mark over the past one month.
13 December 11:12
Green shoots of optimism surrounding China’s economic reopening, being the world’s top crude importer, is helping Brent on to back-to-back weekly gains.
20 January 12:57
Brent is on course for a weekly gain, as the global oil benchmark attempts to unwind last week’s losses. Still, Brent is set to meet head on with the immediate resistance level which is the 50-day simple moving average SMA).
13 January 12:33
Brent bulls got a rude shock at the onset of the new year, having already shed about 7.6% so far in these early days of 2023.
6 January 10:43
Concerns over scarcer supplies on the back of the Russia-Ukraine war then gave way to demand-side fears amid the global wave of monetary policy tightening.
30 December 11:15
Gold’s traditional role as a safe haven has been bolstered by rising fears over a global recession. Spot gold has reached levels not seen since April thanks to the US dollar relinquishing its grip on the safe haven throne while US 10-year yields have printed a fresh cycle low in sub-3.5% territory.
20 January 12:56
Spot gold has been on a tear in these early days of 2023, surpassing the psychologically-important $1900 mark and reaching levels not seen since early-May 2022.
13 January 12:27
Gold bulls are raring to go once more, even as the upcoming NFP and US inflation data loom. Despite Thursday’s pullback on the latest show of resilience from the US labour market, bullion has kicked off the new year in relatively fine form, with the spot price hitting a 6-month high earlier this week.
6 January 10:42
Gold’s fortunes in 2022 were primarily dictated by the US dollar’s dominance that was fuelled by the Fed’s aggressive battle against inflation.
30 December 11:13
Equity bulls will be hoping that the US economic data and the earnings support this risk-on narrative.
23 January 10:30
Netflix is set to announce its quarterly earnings after US markets close today (Thursday, January 19th). Markets are predicting a move, either up or down, of 10.8% for the streaming giant’s shares when US market reopens on Friday, January 20th.
19 January 11:09
JPMorgan Chase & Co. is set to announce its latest quarterly results before US markets open on Friday, January 13th.
12 January 11:28
The benchmark index for US stocks is having a restrained start to the new year so far. Tuesday’s declines of 0.4% were offset by Wednesday’s 0.75% advance at the close.
5 January 09:51
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