Asia Day Ahead: Relief Rally to Start the Week Ahead of Key Macro Data
Wall Street managed to get through the Jackson Hole Symposium unscathed, despite a hawkish takeaway from Fed Chair Jerome Powell last Friday.
Retreat in US yields and Nvidia’s Earnings Provide Come Calm: SPDR S&P Semiconductor, Nikkei 225, Silver
Market participants piled back into tech stocks overnight, as a retreat in the US 10-year Treasury yields from its 16-year high eases some market anxiety for a high-for-longer rate outlook.
Asia Day Ahead: Elevated Yields, Weaker Wall Street Handover Keeps Wait-and-See in Place
Despite a resilient start to the week, Wall Street did not manage to find much follow-through overnight, as elevated Treasury yields and the lack of further heavy-lifting by Nvidia kept a cautious tone in place.
Asia Day Ahead: Heavy-Lifting from US Tech Overnight as Nvidia Results in Focus
The US 10-year Treasury yields touched a new 15-year high, but renewed traction towards tech shares ahead of Nvidia’s result release saw shrug-off from Nasdaq.
Euro Steadies as Hang Seng Tanks on PBOC’s Shallow Cut. Lower EUR/USD?
The Euro eked out small gains to start the week as the US Dollar adjourns it bull run while China’s stimulus measures fall short of expectations. Will EUR/USD support hold?
HK/China Equities Test the Line in the Sand; Hang Seng, CSI 300 Price Setups
China/Hong Kong equities are testing crucial support areas that could define the trend for the next few weeks, possibly months. What is the outlook and what are the levels to watch in the Hang Seng Index and the CSI 300 Index?
Hawkish Tilt in Fed Minutes, While Trade Data in Asia Weakened: Gold, USD/SGD, US Dollar
It was another down day in Wall Street, as statements from the FOMC minutes did not reflect the level of unity among policymakers to pause rates as what was initially expected.
Crude Oil Collapses as China Woes and US Dollar Strength Take its Toll
Crude oil prices broke lower yesterday and has underperformed today as developments out of China has risk assets on the backfoot amidst US Dollar reclaiming the upper hand. Lower WTI?
S&P 500 Below 50-day MA, VIX up 11% as Market Caution Persists: S&P 500, NZD/USD, GBP/USD
The pull-ahead in US retail sales validates soft landing hopes but also leaves room for rates to be kept high for longer, with market sentiments seemingly placing their focus on the latter.
Australian Dollar Defies Gravity with Action Out of China, the PBOC and Japan
The Australian Dollar initially dipped lower before rallying as the US Dollar paused in its recent run-up while Chinese data showed a fragile economy needing stimulus. Higher AUD/USD?