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The market has been pricing in a relatively rapid pivot by the Fed after this week’s expected 75bps hike However, given the persistency in inflation and the Fed’s firm stance, I believe a...
As we look ahead to the US midterms on Nov. 9, the question traders ask is whether it has the potential to be a risk event and promote increased cross-market volatility – as part of the risks...
Week in reviewBetter than feared Q3 US earnings results and ongoing hopes of a dovish Fed ‘pivot’ helped propel global equities higher again last week – despite signs of still-high...
DXY bounced Friday night: AUD sank:The yuan was pasted again:The rest of the action is bizarro world. Oil and commods were soft: Big Iron is breaking down. COVID lows next?EM stocks are having...
Every time the short-term trend rises, traders believe rates will ease While some central banks began slowing rate hikes, the ECB persisted US data and Fedspeak suggest the Fed will persist as...
Fed rate hike, U.S. jobs report, more earnings in focus Devon Energy stock is a buy with strong Q3 earnings ahead Robinhood set to struggle amid shrinking revenue, fewer MAUs Stocks on Wall Street...
ResourcefulFollowing a mixed session on Wall Street on Wednesday night, featuring technology versus the rest, the local market again shrugged off troubles in US Big Tech Land and concentrated more on...
Risk sentiment continues to sour on Wall Street overnight due to the plunge in Meta (NASDAQ:META), with the NASDAQ pulling back nearly 2% while European stock markets held fire alongside the ECB which...
DXY is getting hosed as Fed hopes metastasise. EUR is on a moonshot: AUD has jacknifed:Oil looks ominous:Base metals relief:Big miners (NYSE:RIO) too, despite iron ore:But EM (NYSE:EEM) is...
Australia’s annual inflation rate has risen to 7.3%, overtaking the forecasts of all four major bank economists.The ABS Consumer Price Index (CPI) inflation figures released Wednesday revealed a...
By Greg PeelRest versus Resources The futures suggested up 28 but the ASX200 jumped over 50 points from the open yesterday following strength on Wall Street. Selling hit at midday and the index did...
Risk sentiment continued to gain positive momentum because the latest US domestic economic data supports the case for the US Federal Reserve to slow down or pause its rate hikes. This sent Wall Street...
The Bank of England holds the keys to the next gilt rally, if it can convince markets that a more dovish path is the right choice. The USD curve re-steepening on pivot hopes has run out of steam,...
Fed hopes to maintain credibility on inflation while slowing hikes Political considerations start to weigh on monetary tightening UK opts for stability as Sunak seeks to restore orthodox economic...
Release the HoundsIt was a simple case of a sentiment shift yesterday on the ASX as buyers who’d been waiting for the green light were unleashed – that green light being Wall...