US indices finished yesterday’s trading lower. S&P 500 dropped 0.81%, Nasdaq slumped 2.35% lower and Russell 2000 moved 1.56% lower. Dow Jones was an exception as it gained 0.15%. In spite of a poor Wall Street session, indices from Asia-Pacific are traded higher today. S&P/ASX 200 and Kospi gained 0.6% while indices from China traded […]
Archive for May 25th, 2022
Archive for May 25th, 2022
Archive for May 25th, 2022
24
May
May
The Morning Brief
US indices rallied yesterday with S&P 500 gaining 1.86%, Dow Jones adding 1.98% and Nasdaq moving 1.59% higher. Russell 2000 gained 1.10% Moods deteriorated after close of the Wall Street session with S&P 500 futures trading over 1% below cash close Indices traded lower during today’s Asian session. Nikkei dropped 0.8%, S&P/ASX 200 moved 0.2% […]
20
May
May
Talking GBP/CHF
Release of the UK retail sales report for April this morning turned out to be a positive surprise. While retail sales were 4.9% YoY lower in April, the market expected a drop of 7.1% YoY. On a month-over-month basis retail sales showed an unexpected increase of 1.4% (exp. -0.2% MoM). This was the first positive […]
20
May
May
The Day Ahead
European indices set for higher opening UK retail sales with unexpected monthly increase in April Industrial production and jobs data from Poland Futures markets point to a higher opening of the European cash session. Downward move on Wall Street slowed yesterday while Asian indices gained during a session today, setting stage for a higher opening […]
20
May
May
Good Morning Traders
US indices finished yesterday’s session lower but magnitude of a drop was much smaller than the day before. S&P 500 dropped 0.58%, Dow Jones moved 0.75% lower and Nasdaq was down 0.26%. Russell 2000 outperformed and gained 0.08%. Indices from Asia-Pacific traded higher today, recovering much of yesterday’s drop. Nikkei gained 1.3%, S&P/ASX 200 moved […]
18
May
May
Talking EUR/GBP
A pack of inflation data from the United Kingdom was released this morning at 7:00 am BST. Headline CPI inflation accelerated from 7.0% to 9.0% YoY in April. Monthly increase in prices amounted to 2.5% MoM. While both YoY and MoM readings look very high, it should be noted that in both cases data missed […]
18
May
May
The Day Ahead
European markets set to open flat. Canadian inflation expected to stay unchanged in April. Earnings from Cisco Systems, Lowe’s and Target. Futures markets point to a flat opening of the European cash session today. Asian markets failed to catch a bid following a solid Wall Street session, leading to a mixed session in Asia-Pacific. Similar […]
18
May
May
The Morning Brief
US indices finished yesterday’s trading with large gains. S&P 500 jumped 2.02%, Dow Jones moved 1.34% higher and Nasdaq gained 2.76%. Small-cap Russell 2000 rallied 3.19%. Stocks in Asia traded mixed. While Nikkei and S&P/ASX 200 traded 0.7% higher, Kospi gained just 0.1% and indices from China dropped. DAX futures point to a flat opening […]
17
May
May
US Retail Sales Inline With Expectations
US retail sales data for April was released at 1:30 pm BST. Report came in line with expectations and did not trigger any major moves on the markets. Highlights of the report: • Headline: 0.9% MoM vs 0.9% MoM expected (0.7% MoM previous) • Ex-autos: 0.6% MoM vs 0.4% MoM expected (1.4% MoM previous) EURUSD saw relatively […]
17
May
May
ECB Set Hawkish Tone
Hawkish comments from ECB members support euro EURUSD continues to recover from recent drops. The main currency pair broke above the 1.05 mark today. Euro is trading almost 1% higher against the US dollar. Such a good showing of EURUSD is partially driven by weak USD, that is the second worst performing G10 currency today. […]