Indices Monthly Trade
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AUD/USD down with China PMIs, but CPI points the wrong way for the RBA
Two contradictory reports wreaked a bit of havoc on AUD/USD today, with hot-CPI gains quickly evaporating upon the release of weak China PMIs.
AUD/USD, ASX 200 analysis: Debt ceiling talks weigh on sentiment
AUD/USD is potentially within 1-2 trading days of testing its YTD low and the ASX 200 is in risk of falling further within its range, as debt ceiling talks weigh on sentiment.
Nasdaq 100, S&P 500 analysis: Why we prefer the Nasdaq over the S&P 500
Debt ceiling talks have been rolled over for another week, but if a resolution is found we expect the Nasdaq to continue outperforming Wall Street given its strong gains this year.
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DJI outlook: Getting down with the Dow
Today we look at the Dow Jones which has seen momentum turn swiftly lower, in line with appetite for risk.
The ASX rallies, Nasdaq ponders a breakout as sentiment perks up
With sentiment having improved, a soft inflation report form the US tomorrow could potentially support a breakout for Wall Street indices and extend a rally for the ASX 200.
Are US deposits safe? Don’t bank on it Nasdaq bulls
US treasury secretary Janet Yellen has arguably stolen the show from the FOMC meeting, thanks to her comments on banking deposits which saw Wall Street slide into the close.
A bullish case for the Nasdaq 100
Whilst Jerome Powell’s hawkish comments have weighed on Sentiment this week for equity traders, the Nasdaq 100 is hold up pretty well at just -0.6% lower.
Is it the end of the bear-market rally on the S&P 500?
Have we just seen the end of a bear-market rally? Possibly, perhaps not. But it does appear that a prominent swing high has formed.
Will it be Santa’s rally or Satan’s rally for the Nasdaq in December?
Santa’s rally is usually a timely seasonal pattern that sees equity markets rally in December. The Nasdaq is not off to a great start at -8% MTD, but perhaps don’t write it off just yet.
The DAX’s rally has been impressive, but nothing lasts forever
Several metrics show how strong the DAX has been of late, but we suspect it may have had too much of a good thing and is due to be knocked from its perch.
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