XM Research

Market Comment

XM Research - 13 hours ago

US Open Note – Dollar jitters rise and commodity currencies flicker green

Dollar kept on back foot after huge ADP jobs miss What does today’s huge miss in the ADP Non-Farm Employment change say about Friday’s July NFP jobs report? Do the weaker numbers of 330K jobs gained in July versus the expectations of 695K and 692K in June dampen the picture of a strong US labour market? Do today’s employment results paint the opposite picture delivered by Fed Chairman Powell’s latest comments that employment is picking up at a good pace, or are the numbers influenced by inconsistent jobless claims? We have come to a point in the year where employment data is the predominant driver dictating the expected pace for tapering and interest rate hikes.

XM Research - 19 hours ago

Daily Market Comment – Wall Street sets new records, kiwi storms higher

US stocks rally to another record high close, dollar quiet Kiwi skyrockets after stellar jobs data fuel RBNZ bets Gold lifeless, oil takes another hit amid demand worries Stocks cheer as earnings season delivers Wall Street continues to defy gravity.

XM Research - 2 days ago

US Open Note – Dollar fizzles despite tapering hints; European stocks at fresh record highs

Delta fears The rest of the day will be quiet in terms of data releases but there are enough things happening globally to keep investors busy in the next sessions.

XM Research - 2 days ago

Daily Market Comment – Yield meltdown boosts yen, RBA holds the line

Yen shines, stock markets erase gains as bond yields slide Fed Governor Waller opens door for September tapering RBA sticks to tightening plan despite lockdowns, aussie jumps Bond market nerves lift yen The sense of nervousness that haunted the bond market in recent months has returned, putting investors across every asset class on red alert.

XM Research - 3 days ago

US Open Note – Stocks return to Asia opening levels and dollar a tad lower

Market sentiment on back foot ahead of US ISM Manufacturing PMI US major indices have given up their Asian price improvements, as sentiment deteriorates on US infrastructure talks and in advance of the US ISM Manufacturing PMI, scheduled for 14:00 GMT today.

XM Research - 3 days ago

Daily Market Comment – Dollar stabilizes, stocks recover ahead of busy week

Dollar trades quietly as traders brace for nonfarm payrolls week Wall Street powers higher, oil takes a hit after soft Chinese PMI ISM manufacturing index and RBA rate decision coming up Dollar stabilizes as Fed aftershocks fade The world’s reserve currency took a hit last week after the Fed chief reassured investors that rate increases were still far away and that the labor market still hasn’t recovered properly.

XM Research - 6 days ago

US Open Note – Stock indices to claim monthly gains despite jitters; dollar on the backfoot

Stock indices head for a monthly gain The month of July started with the impression that plans of monetary tightening could get more into fashion, adding a solid footing under currencies, while the earnings season could further brighten the outlook for stocks despite the inflaming virus numbers.

XM Research - 6 days ago

Weekly Comment – USD loses altitude; can NFP report rekindle summer rally?

USD finally caught up with tumbling real yields in the past week, with the Fed’s stubbornly dovish inclination intensifying the selloff mid-week.

XM Research - 6 days ago

Daily Market Comment – Stocks falter again, bruised dollar seeks to end losing streak

Market mood sours again as China crackdowns, mixed earnings and Delta fears all weigh Dollar halts slide but struggles to regain positive footing after dovish Fed and soft data Pound sets sights on $1.

XM Research - 1 week ago

US Open Note – FOMC’s tone knocks the dollar

Markets barely react to US GDP miss as Chairman Powell still on their mind; Eurozone inflation comes in strong The major US indices managed to remain resilient after yesterday’s FOMC comments from Chairman Powell, who signalled that patience is needed as there is still a ways to go before tighter policy.

XM Research - 1 week ago

Daily Market Comment – Powell eases taper angst, dollar slips; China stocks stage rebound

Fed cites “progress” but still a ways to go; September taper decision seen less likely Dollar hits 4-week low as easing China panic further adds to downside Asian equities bounce back but Facebook earnings warning could upset Wall Street Powell upbeat but in no rush to curtail QE The Federal Reserve acknowledged it had made “progress” towards its goals as it kept policy unchanged on Wednesday.

XM Research - 1 week ago

US Open Note - Stocks muted near highs, dollar firms

Markets prepare for FOMC release Yesterday’s consumer confidence for July ticked only marginally higher from June confirming optimism in the US, however, the dollar index weakened slightly, before stabilizing around the 92.

XM Research - 1 week ago

Daily Market Comment – China selloff steadies but Wall Street wobbles; dollar eyes Fed

China jitters spread to global equities but rebound may already be underway US shares slip despite stellar earnings amid China and peak growth concerns Will the Fed heighten or soothe market nerves? Dollar inches higher ahead of Fed decision despite subdued yields Somewhat calmer day for equities after Asian tumult Stocks in China were attempting to break their losing streak on Wednesday following three days of carnage triggered by regulatory tightening that targeted domestic tech giants and for-profit education firms.

XM Research - 1 week ago

US Open Note – Stocks drift at record highs and dollar loses some resilience

Markets freeze as Fed meeting underway; US Consumer Confidence ahead It seems continued selling in Chinese tech giants has somewhat hampered risk appetite, which has been further muted as investors hold a cautious stance awaiting the conclusion of the Federal Reserve’s policy meeting tomorrow.

XM Research - 1 week ago

Daily Market Comment – Turmoil in China but broader market mood steady

Freefall in Chinese stocks enters third day but rest of Asia takes cues from Wall Street US shares get another earnings lift, hit new records, big day ahead for tech giants But it’s all quiet outside of equities as Fed decision awaited Pound outperforms, flirts with $1.

XM Research - 1 week ago

US Open Note – Calm day ahead of busy week; US futures are flat

Quiet day ahead of Fed meeting this week The US dollar has a negative momentum ahead of the FOMC meeting this current week.

XM Research - 1 week ago

Daily Market Comment – US equities shine ahead of Fed but caution prevails elsewhere

Wall Street rallies on strong earnings even as US Covid hospitalizations surge Caution is the order of the day elsewhere as Delta and growth fears linger Dollar starts Fed week on steady note but yen and gold inch higher, yields slip again US stocks ride high; can anything spoil the fun? Wall Street ended Friday in a euphoric mood as Q2 earnings continued to beat expectations, but trading has gotten off to a much more cautious start on Monday, with the Fed meeting high on investors’ agenda.

XM Research - 2 weeks ago

US Open Note – Stocks to close the week unharmed as the focus turns to the Fed

Stocks flirt with record highs Despite a choppy week, which spurred pandemic fears before putting them back to rest again, global stocks bound up their wounds as investors cheered on robust corporate profits and assessed that fiscal and monetary policy could still protect economies from covid breakouts.

XM Research - 2 weeks ago

Weekly Comment - Fed meeting and a barrage of data coming up

The week started with investors losing their cool over a slowdown in global growth as the Delta variant continued to rampage, but the panic soon faded and stock markets returned to record highs.

XM Research - 2 weeks ago

Daily Market Comment – Stormy week ends with US stocks at record highs

Nasdaq 100 closes at new record as investors warm up to tech stocks Euro heads lower after ECB commits to negative rates for longer Global PMIs coming up to shed some light on recovery speed Delta blues fade There was no shortage of volatility in financial markets this week.

Trade Ideas

View All

SymbolSourceDirection

Market Summary

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Market Comment

Trade Ideas

Market Summary

XM Live Chat