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Summary Japan is the only G7 central bank that is still pursuing quantitative easing and is the only G7 country that is projected to record a larger fiscal deficit than in 2021. The International Labor Organization says that UK unemployment unexpectedly fell to 3.6% in the three m...
Summary The greenback’s lows have been set in the European morning and have stretched the intraday momentum indicators. The yen is trading within the pre-weekend ranges. Emerging market currencies are also mostly higher, led by the central European currencies and the So...
Summary Most Asian equity markets rallied in the wake of yesterday’s gains in the US. The euro is in a narrow range around parity. Fed will move into the restrictive territory and as policy becomes more restrictive the risks become more two-sided. Overview: He...
Summary The USD Index above 110 this morning is a 20-year high not seen since April 2002. Outside the dollar index, other major trading currencies are also weak. Economic downturns are self-propelling as they reduce spending and American import demand, sending fewer greenbacks...
Summary While the US dollar appears to be consolidating its recent gains, the Japanese yen and Chinese yuan remain under pressure. Sterling is the second-weakest major currency today after the Japanese yen. Emerging market currencies are mixed. Central European currencies and ...
Summary A GBP130 bln initiative by the new UK government to protect households from the surge in power costs helped lift sterling from 2.5-year lows. The Reserve Bank of Australia delivered its fourth consecutive half-point hike. After the uptick in the US unemployment rate, t...
Summary The yen is at 24-year lows. The currency’s weakness is more clearly a function of the divergence of policy. Sterling swooned nearly eight cents in less than four weeks. Sterling's hemorrhage is partly a function of USD strength, and also coincides with a sharp jump ...
Summary Nvidia’s warnings about US curbs on sales to China and the first drop in South Korea’s chip exports in two years, coupled with the largest lockdown in China since Shanghai, encouraged investors to move to the sidelines. The poor EMU CPI report may have been t...
Summary The rise in global interest rates continues. The US 10-year yield is a few basis points near 3.15% and European benchmarks are mostly 5-6 bp higher. The aggregate eurozone inflation figures were worse than expected. The headline rose to 9.1% from 8.9%. However, more troubl...
Summary Corrective pressures were evident yesterday and they extended today in Asia and Europe but seem to be running their course now. Quietly, the German two-year yield has doubled in the past two weeks, from 0.53% on August 15 to 1.10% yesterday. The two-year breakeven has ...
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2024-07-21 21:14:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-01 12:32:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-11 19:52:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...