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Summary With most assets dropping in 2022, the US dollar has been a rare standout. Markets are discounting mechanisms and relative moves are cyclical, not permanent. It’s typical for the USD to outperform in the early stages of recession and bear markets. When the F...
Summary Asia-Pacific bourses followed yesterday’s US loss. Europe’s STOXX 600 has steadied after opening lower. US futures are narrowly mixed ahead of the US jobs report. The dollar is softer against the G10 currencies, but intraday momentum indicators are stretc...
Summary Europe’s STOXX 600 is giving up its earlier advance, and US futures are heavier. Stocks in the Asia-Pacific region advanced. The dollar is mixed, with the dollar bloc currencies, sterling and the Norwegian krone on the weaker side. G10 currencies like the eu...
Summary US equity futures are lower after the S&P 500 had its best two days since 2020. Europe’s STOXX 600, which has gained more than 5% in its three-day rally, is more around 0.9% lower in late morning turnover. The large Asia-Pacific bourses advanced, led by a ne...
Summary The large equity markets in the Asia-Pacific region rose 2.0-3.75%. Europe’s STOXX 600 gapped higher and it is up around 2.2% in late morning turnover, while US futures point to a gap-higher opening. The greenback is mixed. The dollar bloc and the Japanese yen a...
Summary The Bank of England's new purchases of Gilts coincided with a reassessment of the trajectory of Fed policy. The rapid referendums in eastern Ukraine and Russia's annexation of the territories, after taking Crimea in 2014, point to a new phase in the conflict. Sterling'...
Summary Sterling recovered to almost where it was a week ago, while BOE’s hand has help steady the Gilt market. The dollar is mixed, though mostly a little firmer. Among emerging market currencies, central Europe is underperforming. The Chinese yuan rose for a second se...
Summary The US dollar is mostly consolidating inside yesterday’s range. Sterling is firmer, as are UK Gilts. The market reaction to the UK's mini budget was dramatic, to put it mildly. EM currencies are mixed. The South African rand and South Korean won lead the advance...
Summary Sterling slumped to $1.0350 in early Asian turnover as the market continued to react to the government's "mini-budget". The dollar is broadly higher. All the G10 currencies and most emerging market currencies are lower. Many of the largest Asian equity markets, exc...
Summary The dollar surged last week. It will likely rise further, but may consolidate as interest rates stabilize. Sterling was pummeled to $1.0860. Its biggest drop (~3.5%) was recorded in reaction to the new government's fiscal package. The Swedish krona was the poorest perf...
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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...