ADP Employment Misses Estimates, Biggest Slowdown Since January 2021
ADP Employment data miss strengthens the case for a slowdown in rate hikes from the Fed. Will Fed Chair Powell dent market optimism of a slowdown later in the day?
FTSE 100 IG Client Sentiment: Our data shows traders are now at their least net-long FTSE 100 since Apr 11 when FTSE 100 traded near 7,595.20.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
Big Mistake Leads Technical Trader to Top Three Tools
Developing your strategy comes at a cost –often a lot of time, money and frustration. Sometimes this process can be orderly and structured- it wasn’t for me.
US Dollar Slides Ahead of Fed Chair Comments While Equities Weigh Growth Prospects
The US Dollar is on the back foot again ahead of commentary from the Federal Reserve Chair. If the Fed remains hawkish, will the market listen and it rescue the USD (DXY) Index?
Hang Seng Index Technical Outlook: Upside Could Be Limited
The upward momentum in the Hang Seng Index (HIS) appears to be fading suggesting that the one-month rebound could have limited upside from here. What is the outlook and the key signposts to watch?
Canadian Dollar Dented by GDP Data, But USD/CAD Near-Term Downtrend Holds
The Canadian Dollar fell as a GDP slowdown cooled BoC rate hike bets. Still, USD/CAD’s near-term downtrend remains in play. AUD/USD is eyeing Chinese PMI data.
USDJPY Outlook Particularly Prone to Fed Messaging
The world’s largest central bank is going to absorb key event risk and is up against a media blackout before its next monetary policy decision. A concerted messaging effort will likely be put into play, and USDJPY may be among the most exposed of the major markets to how the forecasts land.
Apple Shares Slip as China Factory Unrest Fuels iPhone Supply Concerns
Nov 28 Reuters Shares of Apple Inc fell 1.4 on Monday as growing worker unrest at the world39;s biggest iPhone factory in China fanned worries of a deeper hit to the already constrained production of higherend iPhone 14 models. Reuters reported on Friday that the Foxconn operated plant could see a further drop in November shipments as thousands of […]
Japans Nikkei seen Rallying 6 to Key 30,000 Level by Mid2023
TOKYO, Nov 29 Reuters Japan39;s Nikkei 225 share average will rally to the psychological 30,000 level by the middle of next year for the first time since September 2021, according to analysts in a Reuters poll. Investors see inflation peaking in the United States and elsewhere, which could cause governments to loosen monetary policy. Lower interest […]
Stocks and Oil Rise on Hopes of Looser COVID Curbs in China
Euro STOXX 600 up 0.4 Oil prices rebound on China hopes, talk of output cuts Dollar falls as investors seek riskier assets China property shares rally on policy support LONDONSYDNEY, Nov 29 Reuters Stocks and oil gained on Tuesday on hopes that public unrest in China might prompt an earlier loosening of COVID19 curbs in […]