Asia Day Ahead: Wall Street Up Overnight; Sentiment in Extreme-Greed Territory
The softer US economic calendar overnight prompted market participants to source for clues on the Fed’s policy path from the US weekly jobless claims.
Crude Oil Price Bounces Around but is Unable to Break the Range Where to for WTI?
Crude oil prices regained traction going into Friday after testing the downside overnight as potentially more supply coming online before USD tanked. Will the range break for WTI?
Australian Dollar Holds Ground as Market Looks to the Fed after BoC Hike
The Australian Dollar consolidated today after a bumpy ride through the Bank of Canada rate hike along with other currency pairs as the market contemplates a surprise lift by the Fed next week.
Asia Day Ahead: Higher Treasury yields triggered profit-taking in Nasdaq overnight
A quiet US economic calendar overnight shifted much of the market focus to Bank of Canada (BoC), who became the second central bank to deliver a hawkish surprise this week.
Gold Gets its Groove as Markets Consolidate across the Board. Where to for XAU/USD?
The gold price shrugged off a press lower earlier this week with key macro events out of the way, attention might turn toward what the Federal Reserve will do next week. Higher XAU/USD?
Asia Day Ahead: Modest gains in Wall Street, with economic data on watch in Asia
Wall Street added modest gains to their recent rallies overnight, as the VIX pushed to yet another new low since February 2020.
US Dollar Pauses as Cross Market Volatility Rolls Over. Will Markets be Data Dependent?
The US Dollar recalibrated after data disappointed and may give the Federal Reserve room to skip a hike at their next gathering. Volatility has eased across markets. Will they spike again?
Asia Day Ahead: Wall Street on a breather as Apple failed to commit to all-time high
A mixed showing in Wall Street eventually saw the Nasdaq pare its initial gains by the close, partly as optimism around Apple’s share price fizzled.
US Dollar Holds the High Ground While Crude Oil Whips Around. Higher USD?
The US Dollar regained its ascendency after the US debt deal passed Congress and was supported by solid jobs data. OPEC+ announced output cuts and the Fed is now in blackout mode.
Asia Day Ahead: US debt ceiling resolution brings focus back to Fed’s rate outlook
With the US debt default crisis averted which has been largely priced by markets previously, central focus this week could be shifted back to the US Fed rate outlook.