• Daily Market Outlook, April 3, 2020

    Daily Market Outlook, April 3, 2020  Risk sentiment was mixed during the Asian market, as earlier gains in major equity indices were pared. That followed some confusion about President Trump’s tweet yesterday that Saudi Arabia and Russia had agreed to deep oil production cuts, subsequently denied by President Putin. Brent crude oil fell back below […]

  • Chart of the Day AUDCHF

    AUDCHF – First leg of correction completing After equity markets experienced one of their worst quarters ever, with the MSCI World Index down 20%, the June quarter has begun on a poor note. This is being attributed to some sombre comments from President Trump and companies slashing dividends, including a number of UK banks, which […]

  • Chart of the Day US500 (S&P500)

    Chart of the Day US500 (S&P500) US500 (S&P500) Seasonals add support to another corrective swing higher US president Trump warned that it’s “going to be a painful two weeks” as New York deaths from Covid-19 exceeded 1000 (overtaking China’s Hubei province) and White House health official Birx tipped that up to 200,000 Americans may die […]

  • Daily Market Outlook, April 1, 2020

    Daily Market Outlook, April 1, 2020  The US market gave up intraday gains to end lower on Tuesday, as market participants wrapped up a historic quarter sparked by the COVID-19 pandemic. Despite the weaker closing, the CBOE volatility Index (VIX) or “fear index” eased lower to 53.54 (from 57.08 previously). Yields on US Treasuries fell, […]

  • Chart of the Day NZDJPY

    Chart of the Day NZDJPY NZDJPY Running Out Of Steam The broad USD steadied after consecutive days of decline, with the DXY index back above the 99.00 mark. The greenback saw gains against the EUR complex, with the EUR retreating back towards the 1.1000 handle, and the GBP below 1.2400. CAD underperformed across the board […]

  • Daily Market Outlook, March 31, 2020

    Daily Market Outlook, March 31, 2020  The Asian market is generally up this morning. However, the gains are relatively modest despite a sizeable rise on Wall Street yesterday and better than expected PMI data from China overnight. Meanwhile, crude oil prices remained under pressure with Brent crude hovering around $23bbl (close to a 20-year low).  […]

  • Chart of the Day EURUSD, GBPUSD, USDCAD

    Chart of the Day EURUSD, GBPUSD, USDCAD USD Weekly Key Reversal US equities suffered a late-Friday plunge to close 3.4%. On a weekly basis, however, it posted a 10% uptick, which is the biggest gain since 2009. Oil price remains in the doldrums, however, with WTI down 4.8% on Friday to trade at $21.5bbl. American […]

  • Daily Market Outlook, March 30, 2020

    Daily Market Outlook, March 30, 2020  The global financial market has started the week on the back foot as concerns over a prolonged fight against the coronavirus continues to weigh on sentiment. Most Asian equity markets are down this morning, albeit they are off their lows following China’s central bank’s decision to cut the interest […]

  • Weekly Market Outlook 30-03-20

    In this Weekly Market Outlook 23-03-20, our analyst looks into the trading week ahead, possible market moving data releases across the globe and the technical analysis to accompany it!  Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the […]

  • Chart of the Day US500 (S&P500)

    US500 (S&P500) Corrective Cycle Considerations News that the US Senate has approved the USD2tn stimulus package – that was in limbo for a while due to partisan disagreements – bolstered market sentiment overnight with the S&P500 posting a 17% three day gain. The bill is now in the House for reconciliation, with a vote set […]

  • Daily Market Outlook, March 27, 2020

    Daily Market Outlook, March 27, 2020  Yesterday, US weekly jobless claims figures provided the first evidence of the extent of the damage the coronavirus is having on the labour market. Claims soared from 300k to an unprecedented 3.3m. The previous record was 695k in 1982.  Despite the abysmal data, US equities rallied yesterday, with the […]

  • Daily Market Outlook, March 26, 2020

    Daily Market Outlook, March 26, 2020  The US market rose for a second straight session, though the gains were more modest yesterday. The S&P500 closed up 1.2%. Overnight, Asian-Pacific markets eked out some gains, but the Nikkei did fall by a sharp 4.5%. Against the uncertain economic backdrop, sentiment remains fragile.  The CBOE volatility Index […]

  • Chart of the Day US500 (S&P500)

    Chart of the Day US500 (S&P500) US500 (S&P500) Potential Panic Low in Place Following the Fed’s bazooka and the prospect of imminent US fiscal stimulus, S&P500 surged 9.38% overnight and the Dow registering its best day since 1933 in what is dubbed “turnaround Tuesday”, while UST bonds sold off with the 10-year bond yield up […]

  • Daily Market Outlook, March 25, 2020

    Daily Market Outlook, March 25, 2020  Asian equity market was up sharply again this morning, with Japan’s Nikkei 225 gaining 8%. That followed the biggest one day rise (11%) in the US Dow Jones Industrial Average since the 1930s.  Optimism in the markets was supported by reports that the US Congress had reached agreement on […]

  • Chart of the Day DXY (US Dollar Index)

    Chart of the Day DXY (US Dollar Index) DXY (US Dollar Index) Testing Trend Support A more positive trading session overnight, with US and Asian equities up, as the US Fed unveiled further stimulus measures yesterday, including open ended asset purchases and that Wuhan will end its 10-week lockdown on April 8th. However, the US […]