Market Overview

Week in reviewGlobal equities suffered a setback last week after a few weeks of hopeful gains. Technically, the US S&P 500 tried but failed to break through the downward sloping trend line from...

DXY is testing the bottom of its recent range:   AUD is the inverse:Shorts are slowly diminishing:Oil is the great white hope for lower prices but more recession:  Dirt was firm:Big miners...

The relief rally on Wall Street finished before it even started with a rout on Friday night almost sending US stocks back to their previous weekly lows, which will be a negative dampener on sentiment...

Unless there is a huge CPI surprise, Fed is slated to raise rates by 0.5% The Fed could make a hawkish statement, which could rile markets There are two levels of market drivers: (1) tension between...

Hey, do you remember that awesome rally after Powell’s speech last week...and how the bulls were claiming victory as stocks went soaring above the 200 day moving average? Yes, that bout of...

Focus is likely to shift from the pace of rate hikes to their destination at the upcoming Fed meeting Currently, the market is pricing a significant amount of rate cuts in 2023. This may come at odds...

Bit of a DownerSlight weakness on Wall Street led the ASX200 lower in the first hour yesterday, and when the index reached 7200 it was all over. There was no support to be found. An hour later the...

Inflation is easing, or so recent data shows. The debate is now centered on how fast and how far pricing pressure will slide — or if the recent easing is a head fake. In other words, it’s...

Bad Moon RisingThe ASX200 opened down -50 yesterday ahead of the GDP release, following more weakness on Wall Street. On the release, it fell again to be down -70 points at lunchtime. There followed...

DXY was soft overnight:   AUD firmed:Oil is a falling meteorite. $70 support here we come:Dirt loves China:But miners (NYSE:RIO) fell with iron ore:EMs stocks (NYSE:EEM) too:But EM junk...

Inflation appears to be rolling over and markets are starting to consider the possibility that the Federal Reserve’s hawkish monetary policy will soon start to ease. But the critical question of...

By Greg PeelData-Dependent In October the RBA shocked the world by hiking by only 25 points when all and sundry were convinced another 50 points would be required to combat inflation. If anything...

DXY still bouncing:   AUD still falling:{{*833|Oil}} broke. A big deal for yields:Base metals were mixed:Big miners (ASX:RIO) strong:EM stocks (NYSE:EEM) weak:Junk (NYSE:HYG) held on:More curve...

The nowcast offers a bright note amid swirling recession forecasts, but business-cycle indicators suggest that the Q4 GDP estimate will fade as new economic reports are published in the weeks...