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US equities rise ahead of Midterm results in choppy session as Crypto craters

US equities got off to flying start with reports of possible peace talks between Russia and Ukraine and a softening in the rate environment saw solid gains across the major indices for the first half of the session. Chaos in the Crypto market then hit dragging down stocks before a bounce off technical levels saw the Dow Jones still finish up over 1...

November 9, 2022
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The Week Ahead – US Mid-terms set stage for another volatile week

Another week done, another roller coaster for equity and risk markets as the bulls and the bears battled to take control of the narrative in a data rich week. Markets pumped on what was taken initially as a dovish FOMC statement, only to dump as Fed chair Jerome Powell threw cold water on that idea during his presser, then pumped again on Friday...

November 7, 2022
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US stocks dump in choppy session after FOMC decision

US equites had a wild ride over night, A strong ADP jobs report was indexes track lower at the start of the session (Good news is bad news!) only to have a euphoric lift after the FOMC statement which traders took as a dovish pivot from the Fed, only to have the party ruined by Jerome Powell’s press conference where he poured cold water on that i...

November 3, 2022
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Stocks down, USD and Yields up ahead of key FOMC meeting

US stocks slid in a choppy session where a positive open soon sold off sharply on the back of a positive JOLTS report sparking a “good news is bad news” reaction in equity markets. The JOLTS survey showed that job openings surged in September, rising to 10.72 million, well above the expected 9.85 million, this saw rate hike odds soaring ahea...

November 2, 2022
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The Week Ahead – The Fed takes centre stage along with the RBA and BoE in a data heavy calendar

With the bulls fully in charge, global markets head into the first week of November with one of the most important economic calendars we’ve seen this year to look forward to. Risk-on has certainly been the narrative in October so far, with the Dow Jones index surging 5.89% last week, up 14.4% for October and on track, coming into its last trad...

October 31, 2022
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CPI figures released for Australia

The Australian Consumer Price Index, (CPI) data was released earlier today with the figures coming out higher than expected. The CPI provides important information about the change in the price of goods and services purchased by consumers, by measuring household inflation and includes statistics about price change for categories of household expend...

October 26, 2022
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US stocks rally during cash session, futures down after market as Microsoft and Alphabet earnings disappoint.

US equities markets had another strong session as a flurry of weaker than expected housing and consumer confidence figures kept the Fed pivot dream alive. Growth and tech stocks outperformed with all major US indices finishing well in the green ahead of major earnings releases after the bell. The big movers after hours are Microsoft (MSFT) a...

October 26, 2022
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US stocks rip higher again, China falters and Yen-tervention fails

Another day, another push higher in US equities as the market mood remains buoyant during what has so far been a good earnings season, with much more to come. Services and manufacturing PMI figures out of the UK, EU and US all came in weaker than expected and well in contraction territory, in the equity market theme is “Bad news is good news” (...

October 25, 2022
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The Week Ahead – Central banks, inflation and corporate earnings set to take centre stage.

Global markets are in for a busy last week of October, with inflation, growth and Central bank rate decisions set to be released from multiple countries. We’re also in the midst of US reporting season, last week solid earning helped propel US Indices to a very big up week, the Dow Jones rising over 5%. With all this going on. another volatile ...

October 24, 2022
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China’s slow growth a worry for Australia?

China, Australia’s savior during the 2009 Global Financial Crisis may not provide the same security in what may be an impending recession. This does not bode well for the Australian economy which so far has performed relatively well in the recent volatile market conditions. The ASX which has been resilient in the global sell off, on the back of i...

October 21, 2022
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US equities decline amid global inflationary headwinds as yields and the Dollar jump.

US stocks broke a two-day winning streak with the major indexes finishing moderately lower as global inflation fears lingered after both Canada and the UK CPI figures came in hot, showing signs that the inflation peak may not yet be in.   With risk aversion back (for the day at least) Bonds were sold off (Price down, yields up) with the ...

October 20, 2022
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Is Credit Suisse running out of Credit?

This year has not been kind to the domestic and global economy. The financial woes keep rolling in, this time an old issue has rear its head with one of largest global investment banks seeing its share price drop significantly. That institution in question, is stalwart Credit Suisse. Credit Suisse’s share price is down more than 70% – from 1...

October 20, 2022
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Qantas shares price lift off, but Dividends on hold for FY22

Qantas Airways Limited (QAN:ASX) is the flagship carrier of Australia and the country's largest airline by fleet size. The company has had a resurgence in 2022 and the share price has rebounded from the lows of the pandemic. The “Flying Kangaroo” as it’s known throughout the industry, said that it would report an underlying pre-tax profit ...

October 18, 2022
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US stocks rally, Dollar slides as markets turns risk on amid UK fiscal U-turn and positive US earnings

US stocks soared in Monday’s session in an epic short squeeze as markets turned risk-on after new UK Chancellor pivoted on proposed tax cuts that had roiled UK bond markets and Strong bank earnings from the US calmed recession fears. The Dow Jones finished the session up 1.86% , with the tech and growth heavy Nasdaq outperforming, up 3.43% und...

October 18, 2022
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Natural Gas – Technical Analysis

Natural gas has fallen roughly 30% since the start of September, and has now landed on a daily trend line. Taking a look at the last couple of weeks of price action, natural gas has been consolidating between $6.5 to $7.3 for the last 3 weeks as it decides on the next move. Analysing the area that natural gas is currently sitting on, there i...

October 18, 2022
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