Noticias del mercado & perspectivas
Anticípate a los mercados con perspectivas de expertos, noticias y análisis técnico para guiar tus decisiones de trading.
Tres bancos centrales están decidiendo las tasas simultáneamente, el crudo Brent se balancea salvajemente alrededor de 100 dólares el barril, y una guerra en el Medio Oriente está reescribiendo las perspectivas de inflación en tiempo real. Pase lo que pase esta semana podría marcar la pauta para los mercados para el resto de 2026.
Datos rápidos
- El Banco de la Reserva de Australia (RBA) anuncia su próxima decisión sobre la tasa de efectivo el martes, con los mercados ahora valorando una probabilidad del 66% de una segunda subida a 4.1%.
- Algunos analistas han advertido que la guerra de Irán podría empujar la inflación estadounidense a 3.5% para fin de año y retrasar los recortes de tipos de la Fed hasta septiembre, lo que convierte el diagrama de puntos del FOMC de esta semana en el más observado en años.
- El crudo Brent está coqueteando con 100 dólares el barril después de que Irán lanzara lo que medios estatales describieron como su “operación más intensa desde el comienzo de la guerra”.
RBA: ¿Australia volverá a subir?
El RBA elevó la tasa de caja por primera vez en dos años a 3.85% en su reunión de febrero luego de que la inflación repuntara materialmente en el segundo semestre de 2025.
La pregunta ahora es si vuelve a moverse antes incluso de ver la próxima impresión trimestral del IPC, que no vence hasta el 29 de abril.
El vicegobernador Andrew Hauser reconoció antes de la reunión que los formuladores de políticas enfrentan una decisión genuinamente dividida, moldeada por señales económicas conflictivas en el país y la creciente inestabilidad en el extranjero.
Actualmente los mercados financieros asignan alrededor de un 66% de probabilidad a otra alza, con un aumento de mayo considerado prácticamente seguro independientemente de lo que ocurra el lunes.
Fechas clave
- Decisión sobre la tasa de efectivo del RBA: martes 17 marzo, 14:30 h AEDT
- Conferencia de prensa del gobernador Bullock: martes 17 marzo, 15:30 h AEDT
Monitorear
- Cualquier referencia de Bullock a nuevas subidas es probable en mayo
- Reacción inmediata del AUD/USD.
- ASX bancos y REITs.
FOMC: Es probable que todos los ojos estén puestos en el diagrama de puntos
El FOMC se reúne del 17 al 18 de marzo, con la declaración de política programada para las 2:00pm ET del 18 de marzo y la conferencia de prensa del presidente Jerome Powell a las 2:30pm. El CME FedWatch muestra una probabilidad del 99% de que la Fed mantenga las tasas en 3.50% a 3.75%.
El verdadero accionar se encuentra en el Resumen de Proyecciones Económicas (SEP) y el diagrama de puntos. El punto medio actual muestra un corte de 25 puntos básicos para 2026. Si cambia a dos cortes, eso es dóciles y alcistas para los activos de riesgo. Si se desplaza a cero recortes o agrega una subida de tasas a la proyección, los mercados podrían reaccionar en la otra dirección.
Para complicar aún más las cosas, el mandato de Powell como Presidente de la Reserva Federal expira el 23 de mayo de 2026. Kevin Warsh es el principal candidato para reemplazarlo, visto como más duro en política monetaria. Cualquier comentario de Powell sobre esta transición podría mover los mercados independientemente de la decisión de tasa en sí.
Fecha clave
- Decisión de tasa FOMC + Gráfica SEP/punto: jueves 19 de marzo, 4:00 a.m. AEDT
- Conferencia de prensa de Powell: jueves 19 de marzo, 4:30 a.m. AEDT
Monitorear
- El lenguaje de Powell sobre el petróleo y la inflación arancelaria.
- Reacción de rendimiento de tesorería a 2 años.
- Reajuste de precios de FedWatch de CME para cualquier cambio en la probabilidad de corte de septiembre.
Banco de Japón: Podría adelantarse un mayor endurecimiento
El BOJ se reúne del 18 al 19 de marzo, con la decisión prevista para el jueves por la mañana, hora de Tokio. La tasa de política actual se sitúa en 0.75% (un máximo de 30 años), y la reunión de enero de 2026 produjo una retención en una votación de 8-1.
El gobernador Ueda ha categorizado la reunión de marzo como “en vivo”, señalando que el cronograma para un mayor endurecimiento podría “adelantarse” si las negociaciones salariales de primavera de Shunto arrojan resultados más fuertes de lo esperado.
Esos resultados van a comenzar a fluir durante la semana, convirtiéndolos en el insumo crítico para la decisión del BOJ. Nomura espera que las subidas salariales de Shunto 2026 lleguen en torno al 5.0%, incluida la antigüedad, con un crecimiento salarial base de aproximadamente 3.4%. Si los resultados confirman esa trayectoria, el caso de una alza en marzo se fortalece considerablemente.
La complicación es el telón de fondo global. Japón importa aproximadamente el 90% de sus necesidades energéticas, y el petróleo alrededor de 100 dólares por barril está empujando al alza los costos de importación y amenazando con agregar presión inflacionaria. Una subida del BOJ a un shock petrolero global sería un movimiento inusualmente audaz.
La mayoría de los participantes del mercado aún se inclinan hacia una espera en esta reunión, siendo abril o julio vistos como el momento más probable para el próximo movimiento.
Fecha clave
- Decisión sobre la tasa de política del BOJ (actualmente 0.75%): Jueves 19 de marzo, mañana AEDT
Monitorear
- Resultados salariales de Shunto como principal detonante de un alza en marzo.
- Idioma de la conferencia de prensa de Ueda y orientación a futuro en abril y julio.
- Reacción del USD/JPY.
Petróleo: Volatilidad continua
El crudo Brent tocó brevemente 119,50 dólares por barril a principios de semana antes de caer 17% a menos de US$80, luego rebotando hacia US$95 ante señales mixtas de Washington sobre el Estrecho de Ormuz.
Al jueves, Brent estaba de vuelta por más de 100 dólares, ya que Irán lanzó nuevos ataques contra el transporte marítimo comercial y la liberación de la reserva de la AIE no logró brindar un alivio significativo.
En el escenario donde un conflicto más prolongado inflige daños a la infraestructura energética, los analistas estiman que el IPC podría subir a 3.5% para fines de 2026, con los precios de la gasolina acercándose a los 5 dólares por galón en el segundo trimestre.
Para esta semana, el petróleo actúa como una macro meta-variable. Cada titular geopolítico, señal de alto el fuego, ataque de petroleros, liberación de reservas y comentario de Trump podrían mover acciones, bonos y monedas en tiempo real.
Monitorear
- Cualquier flujo de petrolero reanudado del Estrecho de Ormuz.
- Liberación de reserva de emergencia de la AIE.
- Declaraciones de Trump sobre Irán.
- La renta variable del sector energético.
Intel, the US technology giant reported its Q1 earnings after the closing bell on Thursday. The company reported revenue of $18.57 billion, above analyst forecast of $17.90 billion. Earnings per share were at $1.39, also beating analyst expectations of $1.15 per share.
Intel’s data-centre group revenue fell by over 20% year-over-year to $5.56 billion, below analyst forecast of $5.89 billion. ''Intel delivered strong first-quarter results driven by exceptional demand for our leadership products and outstanding execution by our team. The response to our new IDM 2.0 strategy has been extraordinary, our product roadmap is gaining momentum, and we’re rapidly progressing our plans with a re-invigorated focus on innovation and execution,'' said Pat Gelsinger, Intel CEO. ''This is a pivotal year for Intel. We are setting our strategic foundation and investing to accelerate our trajectory and capitalize on the explosive growth in semiconductors that power our increasingly digital world.'' Despite the earnings beat, the share price of Intel was trading lower in post-market – down by 2.51%.
The stock is up by 25% year-to-date after ending the trading day on Thursday at $62.57 per share. Intel Source: TradingView Intel is the world's largest semiconductor chip maker by revenue. The company is headquartered in California, US and has over 110,000 employees worldwide.
It supplies microprocessors for computer manufacturers such as Dell and HP. You can trade Intel (INTC) and many other stocks from the NYSE, NASDAQ and the ASX with GO Markets as a Share CFD. Click here for more information.
Trading Derivatives carries a high level of risk.
Netflix reported their Q1 earnings after the closing bell on Tuesday. The online streaming service reported total revenue of $7.16 billion in Q1 beating analyst forecast of $5.77 billion. Earnings per share were reported at $3.75 vs. $2.98 estimate.
With both revenue and earnings per share higher than analysts' expectations, the new paid subscriber additions came in way below analysts' forecast of 6.29 million – at 3.98 million. The latest dip in new additions could be the beginning of a further slowdown in new subscribers as lockdown eases around the world and people return to normality. ''Revenue grew 24% year over year and was in line with our beginning of quarter forecast while operating profit and margin reached all-time highs. We finished Q1’21 with 208m paid memberships, up 14% year over year, but below our guidance forecast of 210m paid memberships.
We believe paid membership growth slowed due to the big Covid-19 pull forward in 2020 and a lighter content slate in the first half of this year, due to Covid-19 production delays. We continue to anticipate a strong second half with the return of new seasons of some of our biggest hits and an exciting film lineup. In the short-term, there is some uncertainty from Covid-19; in the long-term, the rise of streaming to replace linear TV around the world is the clear trend in entertainment,'' Netflix said in a letter to investors following the announcement.
Shares of Netflix was down by around 9% in post-market on Tuesday following the latest numbers, down at $495 per share after ending the trading day a $549.57 per share. Netflix Source: TradingView You can trade Netflix (NFLX) and many other stocks from the NYSE, NASDAQ and the ASX with GO Markets as a Share CFD. Click here for more information.
Trading Derivatives carries a high level of risk.
Last week marked a significant milestone for NIO when it produced its 100,000 th electric vehicle. The latest development also caught the eye of Tesla CEO Elon Musk, to which he responded: ''Congrats to NIO. That is a tough milestone.'' On Thursday, NIO officially confirmed its partnership with Sinopec – taking a major step forward in the company’s future.
Rumours about a potential partnership between the two companies first emerged back in February, when Sinopec Chairman Zhang Yuzhuo visited NIO’s battery swap station. About Sinopec Sinopec is the largest supplier of refined oil products and petrochemicals as well as the second-largest oil and gas producer in China. It was founded on 25 th February 2000 in Beijing, China and has over 240,000 employees globally.
The company has more than 30,000 gas stations – second highest in the world. The partnership NIO’s statement on the partnership: ''The partnership between Sinopec and NIO is an important milestone for further developing China's smart EV industry, a concrete measure to help achieve peak carbon emissions and achieve carbon neutrality, a key step in developing global, green, and innovative transportation initiatives and innovations.'' Following the announcement, NIO and Sinopec also unveiled the NIO Power Swap Station 2.0 at Sinopec's Chaoying Station in Beijing, China. The share price of NIO has taken a hit in recent months after reaching record highs back in February when it climbed above $60 per share.
It was down by around 5% on Thursday following the announcement, trading at around $34 per share. Worth noting that it was trading at $3.20 per share same time last year, a 995% increase at the current share price. NIO Source: TradingView You can trade NIO (NIO) and many other stocks from the ASX, NYSE, and the NASDAQ with GO Markets as a Share CFD.
Click here for more information. Trading Derivatives carries a high level of risk.
JPMorgan and Goldman Sachs reported their Q1 earnings before the opening bell on Wednesday – both beating analysts' forecasts. JP Morgan & Co JPMorgan reported a total revenue of $32.3 billion (up by 14.3% year-on-year) in Q1, above analysts' forecast of $30.52 billion. Earnings per share were reported at $4.50 vs. $3.05 estimate.
Jamie Dimon, Chairman and CEO, commented on Q1 results: ''JPMorgan Chase earned $14.3 billion in net income reflecting strong underlying performance across our businesses, partially driven by a rapidly improving economy. These results include a benefit from credit reserve releases of $5.2 billion that we do not consider core or recurring profits. We believe our credit reserves of $26 billion are appropriate and prudent, all things considered.'' ''With all of the stimulus spending, potential infrastructure spending, continued Quantitative Easing, strong consumer and business balance sheets and euphoria around the potential end of the pandemic, we believe that the economy has the potential to have extremely robust, multi-year growth.
This growth can benefit all Americans, particularly those who suffered the most during this pandemic. If all of the government programs are spent wisely and efficiently, focusing on actual outcomes, the benefits will be more widely shared, economic growth will be more sustainable and future problems, like inflation and too much debt, will be reduced.'' Shares of JPMorgan were down by around 1.19% in pre-market on Wednesday following the latest earnings numbers, trading at around $152.23. The share price is up by around 22% year-to-date.
JPMorgan Chase & Co Source: TradingView Goldman Sachs Goldman Sachs also reported strong numbers with revenue of $17.7 billion (up by 102.5% year-on-year) in Q1, way higher than analysts' estimate of $12.6 billion. Earnings per share at $18.60, above the forecast of $10.22 per share. ''We have been working hard alongside our clients in preparation for a world beyond the pandemic and a more stable economic environment,'' Goldman Sachs CEO, David Solomon said in the earnings release. ''Our businesses remain very well positioned to help our clients reposition for the recovery, and that strength is reflected in the record revenues and earnings achieved this quarter.'' Goldman Sachs The share price of Goldman Sachs trading higher after the Q1 results, up by around 4% at $343 per share. The stock is up by 30% year-to-date.
Source: TradingView You can trade JPMorgan Chase & Co (JPM), Goldman Sachs (GS) and many other stocks from the NYSE, NASDAQ and the ASX with GO Markets as a Share CFD. Click here for more information. Trading Derivatives carries a high level of risk.
Market response to any specific economic data release is far from standard even if actual numbers differ greatly from consensus expectations. Rather the market response is based on context of the current economic situation. This week’s non-farm payrolls, being one of the major data points in the month, is a great case in point.
There are many factors and of course the key one for you as an individual trader is your chosen vehicle you are trading (and of course direction i.e. long or short for open positions). The context of today’s impending non-farm payrolls from a market perspective is interest rate expectations going forward. This week the Fed gave the market the expected.25% cut that was already priced into currency, bond and equity market pricing.
The market response however, as this was already priced in, was as a result of the accompanying statement which was not as dovish as perhaps anticipated and a reduction in expectations of a further imminent cut. From an equity market point of view the result, despite the interest rate cut, was to sell off, whereas from the USD perspective this lessening expectation of further rate cuts was bullish. Perhaps this could be viewed as contrary to what the textbooks would suggest is a standard response.
So, onto todays non-farm payrolls (NFP) figure… Logic would suggest that a strong number is good news for the economy, and so should be positive for equities and perhaps bearish for USD. However, as this may be a critical number in the Feds decision making re. interest rate decisions, a strong NFP is likely to have the opposite effect. A weaker number is likely to be perceived as potentially contributory to thinking that another rate cut may be prudent sooner and so despite on the surface being “bad news”, it would not be surprising to see equities stronger and USD weaker.
It remains to be seen of course what the number is and the actual response but is perhaps a lesson in seeing new market information within the potential context of the current economic circumstances and of course incorporate this in your risk assessment and trading decision making.
It has been an eventful week over in the United States this week. Some of the major companies, including Microsoft, Apple, Facebook, and Tesla announced their latest earnings. The Federal Reserve kept their interest rates unchanged at 0.25%.
We also saw the US GDP expand by 4% in Q4 of 2020. However, these were not the most talked-about events this week. Major hedge-funds on Wall Street were left with huge losses after it bet against a struggling American gaming company GameStop by short-selling its shares.
What is short-selling? Short-selling is when an investor speculates that a stock or security will fall in price in the future. The investor borrows the stock or security from a broker and immediately sells it with the hope of buying it back at a lower price.
Gains from short selling are limited as a stock can only go to 0. The losses do not have a cap as there is no limit as to how high a stock’s price may jump. What happened?
The ''short'' bet did not pay off for the big players on Wall Street after amateur traders rallied together on social media sites to take on the hedge-funds and pump the price of gaming retailer GameStop to new levels. The share price of the GameStop has surged by over 1,550% this year alone after trading at $17 at the beginning of January. The stock ended the trading day at the $193 level on Thursday, rising up to the $261 level in post-market hours.
The White House said it was ''monitoring'' the latest price surge in GameStop and other stocks. Hedge-funds and others that bet against GameStop have collectively lost more than $5bn, according to data analytics company S3. Source: TradingView It is an interesting time on Wall Street and it is definitely worth keeping an eye on the future developments moving forward.