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New Post: Round up of today’s market news - https://lnkd.in/daZuSBT9 Snapback Day: Major Indices Climb Higher After Earlier Declines US treasury auctions of $39 billion of 10 year notes CPI YoY rose by 2.5% US is closer to allowing Nvidia chips to Saudi Arabia Fed IG said Atlanta Fed Pres. Bostick violated Fed rules on trading US 30 year mortgage rates lowest in 20 months Gold Retreats to $2,500 Following US CPI Data Release Crude oil futures settled at $67.31 as the threat of Hurricane Francine in the Gulf of Mexico poses a risk to refinery operations Weekly US EIA crude inventories reported A 0.833M build ICYMI - Saudi Aramco cut its Arab Light crude oil price to Asia, Europe and the US Mixed results for the European indices Honda to reduce staff at China plants Reuters Poll: BOE to cut bank rate by 25 basis points one more time this year

New Post: Round up of today’s market news - https://lnkd.in/dxZvFCkU US Stocks Defy Morning Slump with Afternoon Rally, Marking Another Record Day * Fed's Harker: I think one cut is appropriate but could change depending on data * Fed's Kashkari says its reasonable that rate cut could come in December * Gold starts off the week on the back foot * WTI crude oil rises back above $80 in a $2 climb * European equity ebbs and flows into the close * China's CSRC announces more curbs on short-selling * BOJ likely to trim bond buying by ¥2 trillion per month, says former policymaker

*Pre Market Pulse 16 April 2024* *● From Price Action Perspective:* Nifty began the day on a negative note and attempted to recover. However, it could not fill the gap, resulting in a steep sell off in the last one hour leading to a close below 22300 levels. Due to the heightened fear in the market sentiment, India VIX sharply rose 8.11% for the day. The best performing sector in such a market environment was Oil & Gas with a gain of 0.41%, while the worst performing sectors for the day were Nifty Media and PSU Bank with loss of 2.23% & 1.98% respectively. *● From the Global Market perspective:* Dollar Index has further strengthened to 106.30 levels while US10 year yields, too testing 4.6% on the upside. Brent Crude Oil prices are currently trading at elevated levels closer to 90-91$ a barrel. The Trio of Rising Crude Prices with Dollar Index and US Bond Yields, too, on an upward trajectory is not a healthy sign. Hence, we feel one should focus on quality large caps and reduce over-leveraged positions in the coming few sessions. *● Key Nifty levels:* Going forward, strong support lies around 22120-22140, while resistance is seen at 22400-22430 levels on the upside. Below 22120, Index would retest levels of 22030-21980. Any sustainable move above the level of 22430 will lead to an extension of the rally towards 22600-22700 in the short term. ● OI data Interpretation Nifty PCR is currently weaker around 0.64 levels, Meaningful call writing is witnessed across 22300-22400 strikes, while Significant Put writing was witnessed in 22200-22000 strikes. The overall range for the coming few sessions could be 22430 on the upside & 21980 on the downside. *● Key Bank Nifty Levels:* Looking ahead, support is placed at 47400-47450 zone, while resistance is seen at 47900-48000. If the index slips below 47400, it will lead to further selling pressure in the index upto the 47100-47000 level. Only on a crossover above 48000, Index can witness short-covering upto 48350-48500 levels on the upside. From the Open Interest perspective, With Banknifty PCR currently weaker at 0.55 and significant call writing seen at 47800-48000 strikes and 47500 puts, it implies a range of 47000 and 48000 for the next few days. *● Sectors & stocks in Momentum:* From the broader market, Ongc, Aditya Birla Capital, Tata Power, Kei, Industower, and BEL look good based on technical parameters as well as on the Relative Strength chart. *● FII - DII Data Synopsis:* In Cash Market, FIIs sold to the tune of 3268 Cr while DIIs bought to the tune of 4762.93 Cr. FIIs' long short ratio has slightly weakened to 49.11% as they sold 38455 index futures. On stock futures front FII bought to the tune of 14590 while on index options front they sold 145961 calls and 80439 puts respectively. For information only

The commodities market held steady this week despite a stronger dollar. Safe-haven demand, diverging monetary policies, and higher domestic yields helped prop up the greenback. Metals, however, managed to outperform expectations. Platinum soared by 6%, while gold and silver saw modest gains of 1.0% and 2.8%, respectively. Meanwhile, WTI oil dipped lower due to overbought conditions and a bearish demand outlook from the IEA. However, geopolitical risks loom large as a potential air strike in Israel by Iran could severely disrupt supply in the region. #commodities #marketupdate #economy

New Post: Round up of today’s market news - https://lnkd.in/djuFV__Q US Stocks Defy Morning Slump with Afternoon Rally, Marking Another Record Day * Fed's Harker: I think one cut is appropriate but could change depending on data * Fed's Kashkari says its reasonable that rate cut could come in December * Gold starts off the week on the back foot * WTI crude oil rises back above $80 in a $2 climb * European equity ebbs and flows into the close * China's CSRC announces more curbs on short-selling * BOJ likely to trim bond buying by ¥2 trillion per month, says former policymaker

Daily Market Report - Tuesday, March 05, 2024 Today markets are keenly awaiting the release of the highly anticipated ISM Services PMI. Crude oil futures were largely subdued while gold price extended its recent rally. Dollar slips as the market awaits new data for direction. Read more▶️ https://lnkd.in/dyXBxvf5 #ism #pmi #markets #dollar #crudeoil #goldprice #dailymarketupdate #federalreserve #technicalanalysis

✨This Week in Gold: Market Update✨ 👉Merrion Gold's latest blog post on price action and market updates throughout the week is now uploaded to our website! Highlights are as follows: 🔸Price Action: Gold, at the time of writing, is set to experience its second consecutive weekly decline. Price opened at $2,338 an ounce and was influenced by factors such as fluctuations in the DXY, FED comments, and an array of economic data releases. Gold is set to close the week 2% lower. 🔹Market Updates: Important economic indicators like EU CPI, EU GDP, and U.S. Consumer Confidence, and U.S. Manufacturing PMI gave investors an insight into the global economy. 🔸Key Events: Dovish comments from the FED, and Non-Farm Payrolls had a big effect on investor sentiment and market movements towards the end of the week. ➡To read more, click the link below, where we break down the events that influenced gold prices throughout the week: https://lnkd.in/ddQAcms7 #Gold #Silver #MarketUpdate #Investment #Trading #PreciousMetals

𝗗𝗮𝗶𝗹𝘆 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗳𝗼𝗿 𝗬𝗼𝘂! Our Analytics prepared a detailed report on today’s main events affecting markets and price movements of major currency pairs. Follow our daily reviews and make deals based on up-to-date and reliable information. 🔹Fed Chairman Powell said Tuesday that good data would bolster confidence that inflation is moving toward the Fed's 2% target and recent data point to "modest further progress" in prices. He added that the labor market is strong but not overheated, and easing too quickly and too much could hurt inflation progress. 🔹WTI crude oil prices hovered around $81.5 a barrel on Wednesday, trying to break a three-day decline as traders reacted to a larger-than-expected drop in US crude inventories. According to API data, the US crude oil inventories fell by 1.923 million barrels in the week ended July 5, significantly higher than market expectations for a 0.25 million barrel decline.  🔹The Dow Jones (US30) Index was down 0.13%, the S&P 500 (US500) Index added 0.07%, and the NASDAQ Technology Index (US100) closed positive 0.14%. 🇪🇺𝗘𝗨𝗥/𝗨𝗦𝗗 Prev Open: 1.0806 Prev Close: 1.0824 % chg. over the last day: +0.17 % 🇬🇧𝗚𝗕𝗣/𝗨𝗦𝗗 Prev Open: 1.2804 Prev Close: 1.2785 % chg. over the last day: -0.15 % 🇯🇵𝗨𝗦𝗗/𝗝𝗣𝗬 Prev Open: 160.78 Prev Close: 161.27 % chg. over the last day: +0.30 % 🧈𝗫𝗔𝗨/𝗨𝗦𝗗 Prev Open: 2359 Prev Close: 2364 % chg. over the last day: +0.21 % ✅ Keep the conversation going! Like, share, and comment your insights!         𝗥𝗲𝗮𝗱 𝗺𝗼𝗿𝗲 𝗵𝗲𝗿𝗲:  ➡️ 𝘛𝘩𝘦 𝘈𝘯𝘢𝘭𝘺𝘵𝘪𝘤𝘢𝘭 𝘖𝘷𝘦𝘳𝘷𝘪𝘦𝘸 𝘰𝘧 𝘵𝘩𝘦 𝘔𝘢𝘪𝘯 𝘊𝘶𝘳𝘳𝘦𝘯𝘤𝘺 𝘗𝘢𝘪𝘳𝘴: https://bit.ly/3xG7baJ                                                                                                                       ➡️ 𝘔𝘢𝘳𝘬𝘦𝘵 𝘖𝘷𝘦𝘳𝘷𝘪𝘦𝘸: https://bit.ly/3xHcyq7

Good afternoon, Weekly Recap & expectations below. Feel free to reach out directly for AUD forecasts. - Last week started with a massive risk sell-off on Monday with some Asian equity bourses seeing losses of over 10%.  - AUD/USD fell ~2% in 30 minutes making a low below 0.6350. The moves in cross Yen were even greater as AUD/JPY was down 5.5% at the lows on Monday taking the one-month slump to 17.5%. - By the NY close the losses in US markets were more subdued and risk started to recover as the week progressed.     - The RBA left rates on hold and continue to not “rule anything in or out”. Interest rate markets are pricing in one cut in Australia before the end of the year.   - US equity markets finished the week with modest losses with the ASX losing 2%. The Nikkei gave up 2.5% having lost 12.4% on Monday. - AUD/USD bounced out of the lows and pushed back up towards 0.6600 as the week progressed with AUD/JPY reclaiming 97.00.    - Commodities were mixed with oil gaining 5% as gold edged higher. Iron ore is back near $100 a ton with copper modestly softer.   - Australian Bonds were little changed on the week with US yields moving higher.  - The VIX index saw even more extreme price action, spiking above 65 on Monday before retreating towards 20 by week end.  Expectations for the week ahead: - It was a wild ride in financial markets last week and there are numerous data releases that may spur more volatility. - Domestically we see Q2 wage prices, July Unemployment as well as Governor Bullock speak to Parliament. - While the highlight in the US is undoubtedly the July CPI numbers. A soft print will boost expectations for a 0.5% Fed cut in September, while a strong one will likely rule that possibility out. - Market positioning in currencies is more balanced now after the sell-off last week as traders remain nervous around carrying large positions. - Bids will come in ahead of 0.6500 with sellers looking to lean against the 100- & 200-day moving averages near 0.6600.    Have a great week.

📈Market update 11/09/2024 US equities showed mixed performance ahead of the key CPI data release tonight (NZT). The S&P 500 was up 0.3%, the Dow Jones down 0.3%, and the NASDAQ gained 0.7%. In Europe, the Euro Stoxx 50 dropped 0.7% and the FTSE 100 declined 0.8%. Meanwhile, the yield on the US 10-year fell by 6 bps to 3.64%. Brent oil futures fell below $70 per barrel for the first time since December 2021, extending a price drop driven by strong supply, demand concerns, and heavy speculative selling. WTI crude dropped by as much as 4.2% to its lowest level since May 2023. Weak economic data from the US and China, including disappointing import figures, have raised fears about demand in the two largest oil consumers. This has added to concerns about a potential surplus next year, with record bearish sentiment, further exacerbated by rising output from non-OPEC producers. The USD had mixed performance ahead of the key US CPI data release tonight (12:30 am NZT), which might provide clarity on whether markets should anticipate a 25 or 50 bps rate cut at next week’s Fed meeting. Read more: https://lnkd.in/e6QHDAbh #USEquities #SP500 #DowJones #NASDAQ #EuroStoxx50 #FTSE100 #USTreasuryYields #BrentOil #WTICrude #OilPrices #USDEconomy #ChinaEconomy #USD #CPI #RBA #AUDUSD #AUDGBP #AUDJPY #USDJPY #BOJ #RBNZ #InterestRates #MarketSentiment #EconomicOutlook