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China cut key lending rates for the first time in 10 months on Tuesday. However, the easing measures were not as substantial as anticipated. Worries around the property market and the overall...

China rate cut not substantial enough

The Fed is prepared to tighten the lending conditions further to bring inflation down. This has pushed the expectations of a 25 bp hike in July to 74 and brought in some USD buying. However, ...

July Fed rate hike expectations jump to 74%

Yesterday was a strongly bullish day. The S&P 500 index rallied by 1.2% and Nasdaq rose by 1.1%, while Dow Jones Industrial Average jumped higher by 1.3%. The DJIA close at its highest since ...

The bulls are back Wall St.

Risky assets showed more signs of hesitation yesterday. The S&P 500 remained practically unchanged with a 0.2% loss but Nasdaq dropped by 1.1% while the Dow Jones Industrial Average made a sl...

Latest US data shows persistent weakness

Markets reacted bearishly yesterday after the JOLTS job openings came in well below expectations and the previous month’s reading. The number of job openings decreased to 9.9 million in Febru...

Dollar down and gold up as JOLTS disappointed

The weak ISM manufacturing index softened bids in the dollar yesterday. The Institute of Supply Management (ISM) reported that the index of business activity in the US manufacturing sector fe...

Weak ISM dragged the dollar lower

USOIL gapped higher by 7.5% at the open on Monday’s trading as OPEC said Sunday they would cut production by over a million barrels per day. The output cuts are due to start in May. This come...

OPEC cuts production, oil gaps up by 7.5%

The Eurozone March flash CPI estimate just came in at +6.9% y/y (+7.1% expected). Lower-than-expected headline inflation didn’t create much of a reaction in EURUSD as core inflation came in a...

Inflation and central banks in focus once again

Yesterday all the US equity indices rallied. The move higher was supported by a decrease in global banking worries. The S&P 500 added 1.4%, while the Dow Jones Industrial Average increased by...

Risk trades dominated US stock markets

The macroeconomic data released yesterday was mixed with the January Case-Shiller home price index declining and the March consumer-confidence survey indicating better than expected mood amon...

Healthy US consumer sentiment supported stocks

The DJ continued to edge higher yesterday. The bullish move was supported by a deal in which First Citizens bank agreed to buy a stake in Silicon Valley Bank. Equities moved higher with the e...

First Citizens bank buys a stake in SVB

Deutsche bank worried traders at the start of the session on Friday but this was quickly reversed and Dow, Dax and FTSE gained while gold and yen started to slip. While indices are starting t...

Deutsche Bank worries faded on Friday

Markets sent mixed signals yesterday. Dow stocks seesawed back and forth in a rather directionless trading day while Nasdaq gained. The yield-sensitive technology stocks traded higher as inve...

Mixed signals

The Fed hiked by 25 bp as we expected. The move was more dovish than the previous indications but still risky. Higher rates could push create more havoc in banks’ bond portfolios and scare de...