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Articles

Trade from an informed place. We cover news, political events and market analysis plus product updates.

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Articles

Trade from an informed place. We cover news, political events and market analysis plus product updates.

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USDCAD Analysis

On the 9th of March 2023, the Bank of Canada (BoC) released its monetary policy decision to keep rates at 4.50%. In the accompanying statement, the BoC indicated that it expected pressures in product and labour markets to ease as inflation growth signaled a slowdown. It also highlighted that while the BoC was assessing the impact of past interest r...

April 12, 2023
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US stocks choppy in a low volatility session ahead of pivotal CPI and FOMC minutes

US equities traded in tight ranges in a low volume session as traders remained cautious ahead of Wednesdays pivotal CPI figure out the US, followed by the release of FOMC minutes a few hours later. Major indices eventually finished mixed with the defensive Dow and recently battered Russell 2000 finishing in the green, whilst the S&P500 and N...

April 12, 2023
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Market Analysis 10-14 April 2023

XAUUSD Analysis 10 – 14 April 2023 The gold price outlook is positive in the medium term. As last week's closing of the buying bar was above the 1960 support or the latest high in price on the Weekly timeframe, it indicates continued buying momentum that will allow the price of gold to recover. It can rise further to test the 2070 resistan...

April 11, 2023
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FX analysis – USDJPY – Yield differentials pushing this pair higher

USDJPY The USDJPY is on the march higher again after a better than expected Non-Farm payroll figure on Friday saw sentiment shift hawkishly toward Fed monetary policy with Fed fund futures now pricing in a 70% chance of a 25bp hike at the FOMC May meeting, up from around a 50-50 split earlier in the week. The policy divergence in the US and J...

April 11, 2023
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US stocks reverse weak opening to end slightly higher in first reaction after NFP beat

US markets opened on Monday after a holiday break to the news of a resilient US labour market after a beat in the NFP figure released on Friday. Nonfarm payrolls grew by 236,000 for the month, above the 228k expected, while the unemployment rate fell to 3.5%, where a hold of 3.6% was expected. This saw rate hike expectations from the FOMC at ...

April 11, 2023
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Tech Tanks, Defensives hold up the Dow as Weak Data Stokes Recession Fears

US markets continued to wobble in Wednesday’s session after another weak employment figure and a miss on Services PMI indicated the US economy might finally start to be slowing down after a year of aggressive hiking from the Federal Reserve. The Tech heavy and more risk sensitive Nasdaq led declines, closely followed by the Russell 2000 as reg...

April 6, 2023
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US stocks decline as weak JOLTS data and Dimon comments spook investors

US equities snapped a 4-day winning streak as the “bad news is good news” narrative for equities faltered in Tuesdays session. Before the cash session the JOLTS job openings figure was released and came in much lower than expected, this is a key gauge of US labour market tightness that the Fed has referenced throughout its aggressive interes...

April 5, 2023
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RBA leaves cash rate unchanged but leaves the door open for future hikes if needed

After 10 hikes on the trot and what will no doubt be a relief for mortgage holders the RBA held the official cash rate at 3.60%. The rate decision was fully priced in by the futures markets , so no great surprise on the actual decision , it’s the accompanying statement where investors look for clues as to future RBA actions that will set the shor...

April 4, 2023
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Market Analysis 3-7 April 2023

XAUUSD Analysis 3 – 7 April 2023 The gold price trend can be viewed both positively and negatively in the short and medium term. As the closing of the Doji bar and last week's sell pressure bar indicate market hesitation. Although the previous week, gold has had strong buying momentum and has continued since the beginning of March. But ...

April 4, 2023
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US stocks mixed in choppy session amid an OPEC+ surprise and weak manufacturing data

Markets on Monday opened to the news of a surprise OPEC+ Oil output cut seeing WTI oil gap open over 5% that along with weak manufacturing figures out of the US saw a whipsawing session in equities, the Dow did finish strongly though, up over 300 points, dramatically outperforming the Nasdaq by the most since October last year, the tech heavy index...

April 4, 2023
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The Week Ahead – RBA and RBNZ rate decisions , US employment

US Stocks finished Q1 with a bang as Wall st wrapped up a volatile, and event filled quarter with Federal Reserve rate tightening, a banking sector panic spurred on by the collapse of Silicon Valley Bank and Credit Suisse. The S&P 500 and Nasdaq were up 7.03% and 16.77%, respectively, for the first quarter. It was the best quarter since 2020...

April 3, 2023
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USDJPY loses ground with Risk-On sentiment

The overall risk appetite in the market has increased this week following the news that the banking sector’s issues appear to have been resolved. As a result, the Japanese Yen’s status as a safe haven currency may have been hurt in this risk-on market environment. Paired with the renewed recovery in strength in the DXY, this has led to the U...

March 31, 2023
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AUDUSD ahead of the RBA Cash Rate decision

This week, the Australian Consumer Price Index (CPI) y/y data was released at 6.8% (Forecast: 7.2% Previous: 7.4%) which signals a slowdown in inflation growth. In addition, the consecutive release of lower-than-expected CPI data highlights the possibility of a new trend of decreasing inflation for the Australian economy. With the view that infl...

March 31, 2023
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US Stocks Rally on Economic Data and End of Quarter Flows Ahead of PCE Reading

US stocks rose again in Thursdays session on a mixture of “bad news is good news” and end of quarter flows as fund managers did some window dressing on their portfolios. The bad news was a rise in unemployment claims to 198k for the week, and a US GDP figure that came in below expectation at 2.6%. We also had a couple of Fed speakers that cause...

March 31, 2023
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US Markets Rise Ahead of GDP, Tech Outperforms, USD higher on JPY dip

US Stocks were firmer on Wednesday, with a reversal of yesterday’s session with Tech leading the charge higher the recent rise in bond yields lost some momentum , the Nasdaq 100 was up over 200 points and has now entered a technical bull market, rising 20% from its December low, while the S&P500 closed above its 50dma for the first time since...

March 30, 2023
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