Market Overview

Originally published by CMC MarketsSentiment on this morning’s market opening looks like depending on a tussle between strong commodities prices on the one hand and rising bond prices plus the...

Originally published by AxiTraderIt’s done. The US House and Senate have both now passed the Trump Tax cut and the President can sign it into law. But while bond traders have finally noticed...

Originally published by Rivkin SecuritiesUS stocks closed slightly down overnight after tracking sideways for most of the trading session. The Senate has now approved the tax bill but for the stock...

Originally published by IG MarketsDespite news during the New York session that the United States Congress had pushed through the long-touted tax reform plan, the markets showed very little enthusiasm...

Originally published by AMP CapitalAfter much debate and anticipation, the US House of Representatives has passed the Republicans’ tax reform package by a 227 to 203 vote and the Senate has...

Originally published by CuffelinksWhen explaining science to my children, I often remind them that everything humanity learns builds on previous knowledge. Except in finance. The ability to frequently...

Originally published by CMC MarketsAfter two strong days, the S&P/ASX 200 index is now 2% above its 6 December low. This provides a good start to a year-end rally. However, the minor downturn in...

Originally published by Rivkin SecuritiesUS stocks were down slightly overnight with the Dow closing down 0.15% while the S&P 500 was down 0.3%. The Nasdaq 100 was the worst performer of the...

Originally published by IG MarketsIt was certainly positive to see the S&P/ASX 200 convincingly hold and close above the 10 November and year-to-date highs. Aussie SPI futures indicate that the...

GBP/USD Intraday: continuation of the rebound. Pivot: 1.3360Our preference: long positions above 1.3360 with targets at 1.3420 & 1.3445 in extension. Alternative scenario: below 1.3360 look for...

Originally published by CMC MarketsThe S&P/ASX 200 index looks like setting a new high for the year today. For traders looking to assess the potential for an ongoing year-end rally, the degree of...

Originally published by Rivkin SecuritiesUS stock markets again made new record highs with the Dow Jones not having posted a down month since the presidential election in November of 2016. If December...

Originally published by AxiTraderMarket SummaryRiddle me this. Why are US and global stock markets so excited about US tax cuts but US bonds and the US dollar so nonplussed. Clearly part of the answer...

Originally published by IG MarketsIt’s that time of year where the bulls traditionally have a distinct advantage and this seasonal strength is playing out once again, with global equity markets...