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Two trades to watch: GBP/USD, Oil
GBP/USD rises as USD eases ahead of PCE inflation. Oil steadies ahead of OPEC+ announcement.
US open Stocks mixed ahead of Powell
US stocks are set for a mixed open after US GDP was downwardly revised and ahead of Fed Powell’s appearance.
US open: Stocks rise as China eases COVID restrictions
Stocks are set to rise after China eases travel restrictions, boosting optimism that supply chain disruptions could soon start to ease and travel ramp up. US consumer confidence data is due.
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US open: Stocks rise as recession fears are pushed aside for now
US stocks are rising despite recession fears lingering. The mood had improved even if the data hasn’t.
US open: Stocks rise, jobless claims little changed, Powell next
Stocks edge higher as investors digest the latest jobless claims and look to Fed Powell who testifies again.
US open: Stocks tank on recession fears ahead of Powell’s testimony
US stocks are set to fall sharply on the open after yesterday’s rally proved to be short-lived and as all eyes are on Fed Chair Powell as his two-day testimony before Congress begins.
FTSE falls as UK inflation rises
FTSE falls as UK inflation rises, Where next for the FTSE?, Oil tumbles ahead of Powell, Where next for WTI oil?
US open: Stocks rebound as sentiment improves but recession risks remain
US stocks are set to open higher today, on the first day of trading after the long weekend and after the steep losses last week.
US open: Stocks rebound but set for weekly losses
US stocks are rising after yesterday's hit, although recession fears remain.
US open: Stocks drop as recession fears grow
US stocks are pointing to a sharply weaker start after gains yesterday and as the fust settles on the Fed rate decision.
Two trades to watch: USD/JPY, Oil
USD/JPY pulls back ahead of Fed rate decision. Oil steady ahead of Fed rate decision, EIA inventory data.
RBOB Gasoline Futures have strong positive correlation with AUD/JPY!
if one does not have access to RBOB, a highly correlated yen pair is another option for traders
US open: Futures plunge as inflation, recession fears rise
US futures are tumbling as the bond market flashes a recession warning signal. Investors fear an the Fed could have to act aggressively, pushing the economy into recession.
Two trades to watch: FTSE, Oil
FTSE falls as UK GDP unexpectedly contracts in April. Oil falls as COVID cases rise in China and on global growth concerns.
US open: Stocks tumble as inflation unexpectedly rises
Stocks are set for a steeply lower start after the keenly awaited CPI data showed that inflation unexpectedly rose in May to 8.6% YoY a fresh 40 year high.
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#Switzerland's inflation rose to 3.4% y/y - its highest since 1998. This piles in the pressure for the #SNB to hike rates back into positive territory sooner than later. Is another 50-bp on the horizon? https://t.co/FMKygxnukU
9:45 PM − 04 Jul 2022
US open Stocks set for muted start, initial jobless claims rise
US stocks are set to open mildly lower as jobless claims rise and ahead of tomorrow’s CPI data.
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Two trades to watch: EUR/GBP, Oil
EUR/GBP looks to eurozone GDP data ahead of tomorrow's ECB announcement. Oil rises in a tight market ahead of EIA data.
WTI crude shows the potential to extend its recent rally
Whilst WTI crude has pulled back following Monday’s gap higher, the potential for a bullish continuation pattern following a bullish breakout has been noted.
Two trades to watch: GBP/USD, Oil
GBP/USD rises despite PM Boris Johnson facing a vote of no confidence. Oil prices rise as Saudi Arabia hikes prices.
Saudi Arabia throw Western allies a bone with potential output increase
Crude oil has fallen over 2.7% today on reports that Saudi Arabia may be prepared to raise oil production should Russian output substantially fall.
US open: Stocks rise cautiously higher ahead of data drop, Fed speakers
US stocks rise cautiously with inflation concerns persisting ahead of the ISM manufacturing PMI & JOLTS jobs openings.