Nasdaq

US stocks recover from initial post-NFP losses. The closely watched US jobs report saw 199k jobs added in November, up from 150k. Meanwhile, unemployment fell to 3.7%, and wages grew at 0.4%, faster than expected. The data saw investors rein in Fed rate cut bets.

We noted the tendency for US indices to begin a retracement on December 7th according to its seasonality, so it is interesting to note the 2-day bearish reversal on the Nasdaq on Wednesday. AUD/NZD is also on the watchlist for a potential long as it approaches a key area of support.

US stocks are heading higher after US ADP payrolls came in below expectations at 103k in November from 113k. The data comes after weaker than expected JOLTS jobs openings and supports the view that the Federal Reserve could look to cut interest rates early next year. Attention now turns to US non-farm payrolls and next week's FOMC meeting.

Stocks are heading for a second day of losses as investors look ahead to data releases ahead of Friday's key non-farm payroll and next week's FOMC meeting. Attention is on US ISM services PMI which is expected to rise and JOLTS job openings which are forecast to show a slight decline to 9.3 million. Stronger than expected data could see the market push back on Fed rate cut expectations, pulling stocks lower.

US stocks are set for a quiet open as investors look cautiously ahead to an appearance by Federal Reserve Chair Jerome Powell later today. His comments will come as the Fed's preferred measure of inflation cooled to 3.5% YoY in October and as the market wraps up a month of impressive gains. Optimism that the Fed could start to cut rates next year lifted the Nasdaq 100 11% this month, its best monthly gain since mid-2022.

“No news is good news” as they say, and if US indices continue to consolidate around current levels, we could be looking at a situation where “no price action is good price action.”

US stocks are rising in risk on trade after comments from Federal Reserve officials raised expectations that the Fed was done hiking interest rates and is looking at when to start cutting rates. The market is now pricing in a 40% probability of a 25 basis point hike in March. Attention is shifting to tomorrow's inflation data for further clues over the path for rates.

Has the rally on EUR/USD gone too far, too soon? Whilst it shows the potential for further gains, a pullback would not come as too much of a surprise. And with the Nasdaq rising ~80% of the Wednesday's ahead of Thanksgiving, we feel inclined to seek intraday bullish setups today.

Today’s publication of US jobs report has further cemented expectations that the Fed has reach peaked interest rates. Bond yields and the dollar have sold off as a result, with indices and gold moving higher.

Markets have been loosening financial conditions aggressively ever since the Fed meeting, creating reversal risks should incoming data challenge the dovish narrative. Nasdaq 100 is one market that's run very hard very fast.

U.S. futures hold onto gains after inflation data, which did little to change bets on the Federal Reserve pause next week. US core PCE cooled to 3.7% YoY from 3.8% in August. Meanwhile, personal consumption rose 0.7% up from 0.4% in a sign that Americans keep spending. The Nasdaq is leading the charge higher after Amazon results pleased the market, beating on earnings and profits after disappointment from Alphabet and Meta earlier in the week.

We enter today’s European session quite unsure of how this could play out. Several key markets are at our around key levels, and that usually means we’re a few ticks away from either all out carnage or a reversal of fortunes. Can the Nasdaq cling onto support? And will the ECB drive EUR/USD lower?

The 4-month winning streak on oil prices is on track to be snapped, with October having erased all of September’s gains. And this flies in the face of current news flows, of the potential for the Middle East conflict to escalate and send oil prices higher (alongside food, energy and inflation expectations).

If we take a step back to admire the view, the Nasdaq 100 appears defiantly bullish with the clout of net-long asset managers fully behind it. Yet with so many headline risks, earnings season, and Fed members speaking this week, it could struggle to break key resistance nearby if geopolitical risks intensify amid calls of 'higher for longer' interest rates.

US stocks are pointing to a mildly higher start after losses on Friday, as the conflict in Israel - Hamas conflict remains in focus. The market mood is still cautious amid concerns that the conflict could escalate further drawing in more Middle Eastern countries, particularly Iran or other oil-rick nations. Earnings season will also ramp up this week with Bank of America and Goldman Sachs due to report tomorrow after encouraging numbers from JP Morgan and Wells Fargo on Friday.

The most volatile stocks can be prized among day traders and others – offering lots of opportunity as well as risk. So, what are the most volatile stocks in 2023?

US stocks are heading for a muted open after US CPI was hotter than expected, but yesterday's FOMC minutes showed that policymakers would adopt a cautious approach when deciding whether to raise rates further (and this was before treasury yields shot higher). Earnings pick up with Delta Airlines flying higher and Dominos disappointing ahead of the official start to earnings season tomorrow.