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Summary US futures point to the possibility of a gap-higher opening today. Most of the large Asia-Pacific bourses rallied 1-2%, with China’s CSI a notable exception, slipping fractionally. Europe’s STOXX 600 is edging higher and is near two-week highs. If the gai...
Summary China, Hong Kong, South Korea, and Indian bourses advanced. Mainland China shares edged higher even though Zhengzhou was locked down due to Covid. Europe’s STOXX 600 is up nearly 0.5% to extend its recovery into a third session. US futures are trading a little more ...
Summary The lack of follow-through selling after the outside down day in response to the CPI data leaves the near-term outlook for the Dollar Index uncertain. Still, we expect the dollar's super-cycle is entering a new phase. After initially falling to a three-week low slightly be...
Summary Both the Empire Manufacturing Survey and Philly Fed business outlook are expected to remain in contraction territory. Earnings season heats up as we hear from Bank of America, Goldman Sachs, Netflix, and Tesla. Japan may need to intervene in the FX market again as the ...
Summary CCP's 20th Congress begins over the weekend, and Xi is expected to deliver a speech on Sunday, which will likely set the general tone. The eurozone reported a larger than expected August trade deficit of 50.9 bln euros. The S&P 500 and NASDAQ posted large key rever...
Summary Asia-Pacific equities lost ground, but Europe’s STOXX 600 is trying to snap a six-day decline. US equity futures are firm. The US dollar is trading with a heavier bias. Among EM currencies, central Europe is faring better than Asia. Overview Th...
Summary The dollar reached its highest level against the yen since the recent intervention. The Canadian dollar has fallen to its lowest level in two and a half years, and the New Zealand dollar is approaching the 2020 extreme. Japan, South Korea, and Taiwan re-opened after ye...
Summary China’s markets re-opened. The CSI 300 was off 2.2% and the Hang Seng dropped nearly 3%. After falling 1.2% at the end of last week, Europe’s STOXX 600 gapped lower today and is off almost 0.5%. The S&P 500 may open by the pre-weekend low, while the N...
Summary US employment data were sufficiently strong, and the unemployment rate fell back to cyclical lows of 3.5%. The dollar rose against most G10 currencies last week, helped by the gains after the employment data. The Norwegian krone was the strongest (1.7%), helped by risi...
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...
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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...