Daily Market Comment – RBNZ catapults kiwi higher; Trump decides on EU tariffs

Posted on November 13, 2019 at 9:17 am GMT

Kiwi outperforms as RBNZ surprisingly refrains from cutting rates Markets in a slight risk-off mood as trade doubts reemerge Today: Trump decides on EU tariffs, Fed chief Powell testifies, and US CPI data RBNZ surprisingly keeps rates unchanged, propels kiwi higher To the surprise of many, the Reserve Bank of New Zealand (RBNZ) kept its policy rate unchanged overnight, confounding forecasts and market expectations, as a rate cut was priced in with an ~80% probability. Even though policymakers kept the [..]

Daily Market Comment – RBNZ to slash rates; more blues for the kiwi?

Posted on November 12, 2019 at 9:10 am GMT

Kiwi underperforms as investors bet that RBNZ will cut rates overnight Pound rejoices as Brexit party warms up to Tories, but risks seem tilted to the downside UK jobs data, Germany’s ZEW survey, and Fed-speak today RBNZ set to cut rates after inflation expectations drop The Reserve Bank of New Zealand (RBNZ) will announce its rate decision early on Wednesday, at 01:00 GMT. A rate cut seems quite likely, after a survey released overnight showed that the nation’s 2-year inflation [..]

Daily Market Comment – US stocks cruise to new records, but Hong Kong weighs

Posted on November 11, 2019 at 9:25 am GMT

Risk aversion strikes back as Hong Kong protests intensify and trade doubts resurface Dollar advances without new catalysts, loonie stumbles on weak data UK GDP numbers due, but sterling keeps its sights on election polls Hong Kong jitters send global equities back down, lift yen US stock markets levitated to new records on Friday, undeterred by some remarks from President Trump that he hasn’t decided yet whether he is willing to roll back tariffs on China to get the ‘phase [..]


Disney earnings in focus ahead of streaming service launch – Stock Market News

Posted on November 6, 2019 at 1:30 pm GMT

The Walt Disney Company will report its earnings results for the fourth quarter on Thursday after the close of trading. However, with the launch of its Disney+ streaming service just days away, all eyes will be on the Company’s guidance on future earnings amid concerns about the oversized budget for the new shows on the platform and a number of big acquisitions recently. Revenue forecast to rise but EPS to fall Disney is forecast to post revenue of $19.08 billion [..]

Daily Market Comment – Dollar steadier after US data boost; stock market rally cools

Posted on November 6, 2019 at 9:18 am GMT

US dollar surges on strong ISM non-manufacturing PMI before steadying Stocks get off to softer start as trade deal euphoria starts to fade Euro pressured by stronger dollar; kiwi up despite disappointing jobs numbers Dollar hits 3-week high on upbeat PMI Better-than-expected economic data and optimism that the US and China are nearing a ‘phase one’ trade deal lifted the US dollar to the highest in three weeks against a basket of currencies on Tuesday. The dollar index reached a [..]

Technical Analysis – US500 index prints fifth week of gains; bias positive overall

Posted on November 6, 2019 at 8:19 am GMT

The US 500 stock index (cash) is recording its fifth week of gains within an ascending channel. Having reached a fresh record high of 3,087, the market may experience some weakness in the short-term as the price touches the upper Bollinger band and the RSI reverses lower just below its 70 overbought mark. Yet, with the latter holding well above its 50 neutral mark and the market trend showing no signs of reversing as the index keeps printing higher lows and higher [..]

Daily Market Comment – Trade optimism lifts markets; strong NFP helps too but dollar subdued

Posted on November 4, 2019 at 9:16 am GMT

US and China reportedly close to agreeing a ‘phase one’ trade deal; stocks rally Safe havens retreat but still some caution, dollar subdued Euro eyes Lagarde speech Interim US-China trade deal within reach Growing signs that the partial US-China trade deal is close to being finalized drove market sentiment on Monday with Asian stocks getting a lift from another record close on Wall Street on Friday. The White House economic advisor Larry Kudlow told reporters on Friday that “enormous progress” [..]

Daily Market Comment – Dollar braces for nonfarm payrolls; risk aversion returns

Posted on November 1, 2019 at 9:09 am GMT

US payrolls and ISM index could shape the dollar’s fortunes today Risk appetite dampened by reports China won’t compromise on ‘real’ trade issues Can US payrolls keep the besieged dollar from stumbling further? The spotlight today will fall on the US employment report for October, as investors scramble to figure out whether the Fed can truly afford to ‘pause’ its rate-cutting cycle, or whether that is merely wishful thinking. Likewise, the ISM manufacturing PMI for the same month will reveal [..]


Technical Analysis – US 500 index rallies to new record highs

Posted on October 31, 2019 at 12:02 pm GMT

The US 500 stock index (cash) has finally breached its previous all-time high of 3,027 that kept bullish pressure under control over the past 3 months, stretching its December uptrend towards a new top of 3,056. Although the RSI is slowing down, it remains well above its 50 neutral mark, and with the MACD strengthening its positive momentum, it seems that the bulls may not easily give up the game in the short-term. Key resistance to upside corrections could be identified near [..]

Daily Market Comment – Dollar goes for a ride as Fed baffles markets

Posted on October 31, 2019 at 9:01 am GMT

Dollar ends lower, stocks soar as Fed can’t convince markets it will hit ‘pause’ Loonie hammered as BoC drops neutral stance, hints at ‘insurance cut’ BoJ strengthens easing bias, but yen yawns Eurozone, US, and Canadian data coming up today Fed cuts rates and signals a pause, but markets don’t buy it The Fed cut rates by another quarter-point yesterday, as widely expected, but refrained from signaling that any more cuts are coming. The phrase “will act as appropriate to [..]

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