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Summary Asia-Pacific equities rallied, led by Hong Kong and mainland stocks that trade in Hong Kong. US futures are firm. Europe’s STOXX 600 opened lower but recovered, and is around 0.5% higher after the 1.8% gain before the weekend. The dollar is mixed. The dollar blo...
Summary News that the US audit process of Chinese companies, required to prevent delisting has proceeded faster than expected helped lift Chinese stocks. In its monetary policy statement, the Reserve Bank of Australia upgraded its inflation outlook and pared its growth forecasts. ...
Summary The US Dollar is still the most important global currency,. The movement away from the USD is accelerating. The consequences for investors of progressive de-dollarization should not be undervalued. This article examines the process of de-dollarization. Even t...
Summary The dollar is stronger, while stocks and bonds have been sold. The market read the FOMC statement dovish. The risk is for continued deterioration of the US trade balance. Overview: The Fed delivered the expected 75 bp rate hike, and although it says it wi...
Summary Many expect the Fed to signal it will return to a 50 bp move next month, but we are not convinced that it will go beyond indicating that 50 bp or 75 bp will be debated in December, depending on the data. Equities in Asia-Pacific and Europe rose. US futures are slightly fir...
Summary Europe’s STOXX 600 recovered yesterday and is up another 1.1% today, the sixth gain in the past seven sessions. Hang Seng surged 5.2%, while all the large markets in the region advanced. US futures are broadly higher, while the dollar is broadly lower. Among...
Summary Sterling and the yen are the weakest performers among the G10 currencies and are off 0.45-0.50%. The Antipodeans are performing best and are straddling little-changed levels. EM currencies are lower, led by the South African rand, the Russian rouble, and the Chinese yu...
Summary With this month's hike, the Federal Reserve would have raised overnight rates by 300 bp while doubling the pace that its balance sheet is shrinking over the past 100 days. The JPMorgan Emerging Market Currency Index stabilized in October after falling by nearly 8.5% in the...
Summary The week ahead is important from a macro perspective. The data highlights include China's PMI, eurozone preliminary October CPI and Q3 GDP, and the US employment reports. The October PMI will be reported before the markets open on Monday. The US, eurozone, and UK prelimina...
Summary With higher inflation and an unchanged BOJ stance, the yen leads the G10 currencies lower today with a nearly 1% drop. The dollar is mostly higher. The euro is a little softer around $0.9950. Outside of a couple of Asian currencies, emerging market currencies are heavy...
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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...