Market in Review 45/2022
A very busy week finished with the Aussie dollar posting its largest daily percentage move in 12 years, closing +3.07%.
Market in Review 44/2022
Last week was a pivotal week by my reading. A number of trends were broken, and it seems the market is pricing in the end of rate rises. They could well be wrong and the week ahead will also be pivotal with the FOMC meeting mid-week. Time will tell.
Market In Review 43/2022
After a week of choppy directionless trading the market took a lead from a WSJ article hinting that the Fed is close to finishing their rate rises. 75 basis points is locked in for the meeting next week, but after the article suggests the Fed will slow down. This is what the market has been waiting for and risk off took off.
Market In Review
What a show we had last week. UK shenanigans from both the BoE and 10 Downing St had Pound, Gilts and Footsie swinging wildly.
Market In Review 41/2022
Bad news is “good” for the market and good news is “bad”, as a healthy unemployment report and 50 year low number for the USA, sends investors panicking to offload risk assets. The cat was very much dead on the bounce this week.
Market In Review 40/2022
A nasty quarter ends on a nasty note for investors, but for traders, the volatility brings more opportunities.
Market In Review 39/2022
We note that 8 central banks raised rates this week and now global recession is inevitable after this very volatile week. Even JayPow used the dreaded R word in his presser as he flipped from hawkish and dovish commentary.
Market In Review 38/2022
US Inflation caught the market out, well the stock traders anyway. We knew better than to be buying into the idea that the Fed will pivot or that inflation has gone away.
Market In Review 37/2022
The Central Banks raise rates with the Aussies dragging its heels stubbornly. Both the BOC and ECB raised by 75% with hawkish commentary signalling higher rates to come, whilst the RBA raised by 50% with Lowe hinting that the next move will be smaller and slower, putting him out of line with the majors.
Market In Review 36/2022
US stocks ended the week on a downer. It looked like late in the week it had stopped right on the 61.8% Fib level and found support, maybe even a bounce. That seemed to be confirmed on Friday when US Non Farm Payrolls came in with mixed results.
