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Monthly Archives: January 2022
Week Ahead: US CPI in focus after volatile week kicks off 2022
Written on January 10, 2022 at 9:10 am, by jamie
Markets are expected to remain volatile after the FOMC minutes last week lit a spark under rates markets. US bond yields have enjoyed a rip-roaring start to the year as bonds have plummeted and the Fed finally starts to tackle persistent price pressures, a tight labour market and robust economic outlook. Hot inflation will no […]
Nervous markets to monitor North American jobs data
Written on January 7, 2022 at 9:52 am, by jamie
Overnight Headlines *US yields climb to 1.75% as markets grapple with rate hike, Fed balance sheet *Gold heads for biggest weekly loss in six on hawkish Fed minutes *Asia stocks trade mixed as markets await monthly jobs data *Eurozone flash HICP figure is expected to ease to 4.7% US equities initially rebounded in early trade […]
Hawkish FOMC minutes causes a tech rout
Written on January 6, 2022 at 10:12 am, by jamie
Overnight Headlines *Fed warns faster rate rises may be needed to tame surging inflation *Nasdaq posts biggest daily drop since February, Asia tech stocks plunge *US 10-year Treasury bond yields continue to rise, above 1.73% *US private payrolls jump with broad increases led by leisure and hospitality US equities tumbled immediately after the Fed minutes, […]
USD rangebound as yields march higher
Written on January 5, 2022 at 6:47 pm, by jamie
Overnight Headlines *S&P500 inches north to another new record high, Nasdaq dips *Dollar slips into the close but regains losses this morning *US goods trade gap hits record, pending home sales fall *Gold pulls back to 200-day SMA above $1800, now 5% lower on the year USD fell into the London fix yesterday as trading […]
Stocks pause as Dow closes in on record highs
Written on January 5, 2022 at 6:47 pm, by jamie
Overnight Headlines *S&P500 ends lower after four-day rally to record high *Dollar subdued, trading around 96 on DXY in narrow range *Brent crude remained close to a one-month high as demand worries ease *Bitcoin fell more than 6% and slid below $50,000 back to the 200-day SMA USD oscillated between positive and negative territory in […]
Santa rally in play, gold inches higher
Written on January 5, 2022 at 6:46 pm, by jamie
Overnight Headlines *S&P500 hits a fresh record high in thin holiday trade *PBoC pledges more “proactive” monetary policy, hints at easing property curbs *Brent crude soars through $78 as the risk trade cranks up *Japan industrial production for November rises 7.2% vs 4.8% m/m expected USD was subdued as is often the case around this […]