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Summary The preliminary PMI readings are mixed. Japan and the eurozone look somewhat better, but Australia and the UK disappointed. Europe's STOXX 600 is off around 0.4%, posted one losing session a week in the first three weeks of the year. US futures are a little softer. The dolla...
Summary The BoC is set to raise rates one last time on Wednesday with a 25bp hike, taking the overnight rate to 4.5%. Economic activity is slowing and inflation is coming down and what is likely to be characterised as a pause for assessment is set to mark the peak for rates. Rate cu...
Summary The Lunar New Year holiday has shut many centers in Asia until the middle of the week, though China's mainland is on holiday all week. Ahead of the weekend, the NASDAQ posted its single biggest advance since last November. The downtrend line drawn of January 2022 highs in the S&...
Summary The US dollar is mostly softer today against the G10 currencies, with the notable exceptions of yen, Swiss franc, and sterling. The yen has fallen by about 1.3% this week, leading losers, while sterling's 1.1% gain puts it at the top. Risk appetites returned and most of the ...
Summary Bad economic news weighed on US stocks. US futures point the possibility of a gap lower opening today. Europe's STOXX 600 is off 1.2%, the most since mid-December, which gives back this week's gains and stops the six-day advance. The euro made a marginal new high since April...
Summary The BOJ defied speculation and stuck to its current policy, which saw the yen sell off sharply. The dollar rallied about 3.4 yen before falling back. The greenback is broadly lower against the other G10 currencies. Euro has stalled around $1.0870 for the fifth consecutive se...
Summary The general tone in the greenback today is one of consolidation, with a modest risk-off bias. The yuan has seen its largest two-day retreat in a couple of months. While Japanese stocks advanced, China, Hong Kong, and South Korean equities slipped lower. Europe's STOXX 60...
Summary Rumors of an emergency BOJ meeting sent the dollar to its lows in Tokyo, slightly below the pre-weekend low (~JPY127.46). Although the PBOC continued to set the dollar’s reference rate near expectations, on Monday, the dollar closed higher against the yuan and above the p...
Summary The week ahead is chock full of economic data releases. While headline risk is associated with these economic reports, we suspect they will have little bearing on expectations of central bank policy. The adjustment of interest rate expectations for the Fed has gone as far as it ...
Summary The decline in US rates has removed a key support for the US dollar, which has fallen against all the G10 currencies this week. The yen has led the move against the dollar, rising 2.8% this week amid heightened speculation that the BoJ could abandon its yield curve control entir...
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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...