Articles
USDJPY tanks as Bank of Japan adjusts its threshold for intervention
The USDJPY has dropped more than 400 pips in just a few minutes after the Bank of Japan brought adjusted its intervention criteria. The bank did not change its official rate, which are -0.10%, an extremely low figure compared to almost every other country. Japan has been a show of dovishness in a sea of hawkishness. However, this latest move has be...
US equities sink for 4th straight session as Santa Claus rally fizzles
US Stocks continued the sell-off from last week with the Tech heavy Nasdaq leading losses on rate and growth jitters with all three major US indexes hitting 6-week lows. Equity bulls were hoping to see the traditional end of year rally materialise, with the week running up to Christmas being positive or unchanged 15 of the last 20 years, but...
Is the EUR ready for its next leg down?
The EUR look to be turning after an impressive run. The pair has risen by 12.57%since it hit the bottom in September. At the time the price fell to 0.9525. This was the lowest level the EUR had reached since the year 2000. In September, Europe was facing extreme inflationary pressure and conversely the USD was rocketing towards record high levels. ...
US Dollar Index
The US Dollar Index plummeted on Tuesday, December 13, breaking below a major support following a softer-than-expected inflation report for November. This led to investors scaling back expectations for future Federal Reserve rate increases. Since the initial drop after announcement was released, the price of the Dollar Index has recovered al...
Market sells off ahead of Christmas break
Market sells off ahead of Christmas break It was an incredibly bearish week for global equities as markets entered the final trading days for 2022. The selloff in equities was largely due to Federal Reserve Chairman, Jerome Powell, signalling that the peak cash rate may peak at 5.1%. This came after some softer inflationary figures. Furt...
What are corporate actions and why you need to be aware of them?
Corporate actions are activities that material effect an organisation and impacts the key stakeholders including shareholders and creditors. They can affect the stock price both in good and bad ways. Corporate actions are most often determined and voted on by the board of directors of the company. Although sometimes, shareholder will be given the c...
Yuan sees increasing strength as Covid 19 restrictions ease
Yuan sees increasing strength as Covid 19 restrictions ease The USDCNH is an important currency pair not just in terms of pure trading but also in terms of gauging overall market sentiment. The pair is also reflective of much of the macroeconomic pressures effecting the global economy at the moment. This includes but is not limited to, recessionar...
US equities finish lower in volatile session after FOMC hawkish surprise
US equities went into their cash session on a high after a drop in import and export price inflation fuelled hopes that the peak is in and of a more dovish Fed. These hopes were dashed by Jerome Powell near the end of the session, delivering a 50bp hike to the US target rate and giving what was seen as a hawkish accompanying statement and presser. ...
Gold rises to 6 months high as USD weakens
Gold rises to 6 months high as USD weakens The price of gold has risen as softer inflationary figures pushed the USD lower. The month/month CPI grew just 0.1% vs 0.3% expected, whilst the year/year figure grew by 7.1% vs 7.3% expected. Core CPI month/month rose by 0.2% vs 0.3%. These figures sent the USD down, which provided a boost to...
Oracle results beat Wall Street estimates
The US software and hardware manufacturer Oracle Corporation (NYSE: ORCL) announced its latest financial results after the market close in the US on Monday. The company posted solid results for the Fiscal 2023 Q2, beating analyst estimates for revenue and earnings per share (EPS). Revenue reported at $12.275 billion vs. $11.959 billion expect...
Is the price of Brent finally finding some support?
Brent oil has been dumping over the last few weeks as country’s have put pressure on Russian oil by imposing a price cap. This has sent the spot price down to its lowest level in 12 months. With important economic data to come in the next few days in including updated Cash rates from Central banks in Europe, the UK, and the USA. Furthermore, the ...
Recessionary fears continue to build ahead of cash rate changes
It is expected to be a big week for equity markets with important economic data to come out this week. Central Banks in England, Europe, and the USA all to announce their updated official cash rates. This should hopefully provide some market direction before the end of the year. Last week the market failed to break out through its long term down tr...
Can the market ever be wrong?
The capital markets are complex, volatile, and dynamic. A collection of buyers, sellers, market makers and many other participants all working together to facilitate the transfer of assets between different parties. However, can the market ever be wrong What is ‘Getting it wrong?' It is often one of the first lessons a market participant lear...
US equities snap five day losing streak, Oil tumbles on recession fears
US equities rose in Thursday’s session in a subdued risk environment ahead that saw traders tiptoeing ahead of next week's US CPI figures and FOMC meeting. US indexes broke a five-day losing streak with the Nasdaq advancing 1.1% after having its worst first week of December since 1975 and being the best performer in the session. It was ...
Oil continues to fall amid news of price cap
The primary reason for the drop in price is the economic slowdown that has become prevalent in the global market. As fears of a recession continue to grow, the price of Oil has continued to drop. To make matters worse, the G7 have set a $60 per barrel price cap. This price cap was created to restrict Russia’s ability generate revenue from its oil...