- Trade views
- Must reads
Calendar event / Friday at 15:00 GMTpreviousforecastactualHigh Mid-Mo Sentiment97.596.490.7Med Mid-Mo Current Idx115.2110Med Mid-Mo Expectations86.1
Calendar event / Friday at 14:15 GMT
US Industrial Production & Capacity UtilizationpreviousforecastactualHigh Industrial Production, M/M%+0.6%+0.2%+0.3%High Capacity Utilization %78.5%78.5%78.7%Med Capacity Utilization, Net Chg (Pts)+0.4+0.1
Calendar event / Thursday at 13:30 GMT
US Unemployment Insurance Weekly Claims Report - Initial ClaimspreviousforecastactualHigh Jobless Claims216K220K213KHigh Continuing Claims17220001737000Low Jobless Claims, Net Chg-17K-3KLow Continuing Claims, Net Chg-28K+18K
Calendar event / 15 January 2019 at 13:30 GMT
US PPIpreviousforecastactualMed PPI, M/M%+0.1%-0.1%-0.2%Med Ex-Food & Energy PPI, M/M%+0.3%+0.2%-0.1%Med Personal Consumption-0.1%-0.2%
Squawk / 15 January 2019 at 6:30 GMTEquities poised for further up legs t the 2019 advances
Global equity indices have posted solid, sideways consolidation activity over the past week, defending support levels from the recent early 2019 recovery rallies.
The strong advances so far this year have been driven by both a more dovish tone from the Federal Reserve in the US and a perception of positive progress on trade talks between the US and China.
The consolidations that have been seen into mid-January should provide platforms from which to launch higher, to challenge more significant resistance levels and turn the intermediate-term outlooks for equity indices from bearish to neutral and even to bullish.
Below we focus on the US broad benchmark average, the S&P 500 E-mini and the German benchmark, the DAX.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equities-poised-for-further-up-legs-t-the-2019-advances/
Calendar event / 11 January 2019 at 13:30 GMT
US CPIpreviousforecastactualHigh CPI, M/M%0%-0.1%-0.1%High Core CPI, M/M%+0.2%+0.2%+0.2%Med Energy Idx, M/M%-2.2%-3.5%Med Food Idx, M/M%+0.2%+0.4%Med Real Avg Wkly Pay-Infla Adj, M/M%-0.1%+0.7%Med CPI, Y/Y%+2.2%+1.9%+1.9%Med Core Annual, Y/Y%+2.2%+2.2%+2.2%
Squawk / 11 January 2019 at 6:48 GMTEquity averages forming better bases
In previous articles already this week lwe have highlighted basing effort by global equity averages (the S&P 500 and DAX).
These technical bottoming attempts have been reinforced through this week from the fundamental side by apparent progress in the US-Sino trade talks and further dovish comments from Fed speakers, with the FOMC Minutes on Wednesday reinforcing these dovish outlooks.
Here we revisit the S&P 500 future, which has recently neutralised an intermediate-term bear theme, with the asymmetrical risks towards an intermediate-term bullish shift.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equity-averages-forming-better-bases/
Calendar event / 10 January 2019 at 13:30 GMT
US Unemployment Insurance Weekly Claims Report - Initial ClaimspreviousforecastactualHigh Jobless Claims231K230K216KHigh Continuing Claims17400001722000Low Jobless Claims, Net Chg+10K-17KLow Continuing Claims, Net Chg+32K-28K
Calendar event / 07 January 2019 at 15:00 GMT
US ISM Non-Manufacturing Report on BusinesspreviousforecastactualHigh Non-Mfg Composite Idx60.758.457.6Med Non-Mfg Business Idx65.259.9Med Prices Idx64.357.6Med Employment Idx58.456.3Med New Orders Idx62.562.7
Squawk / 07 January 2019 at 8:46 GMTEquity markets basing efforts
A very erratic tone for global equity markets into late 2018 and to start early 2019, but the first week of the new year ended on a positive with risks skewed towards the upside.
A global equity market selloff into the Christmas holiday was then followed by a robust rebound before the end of the year, during very erratic, illiquid trading activity.
The start of the year on Wednesday 2nd January saw a guidance warning from Apple, that triggered a “flash crash” in FX markets, but the subsequent rebound into the end of last week have seen positive technical developments for the major, global equity indices.
On the fundamental side, a strong US Employment report, a somewhat dovish Jerome Powell and the upcoming US-Sino trade talks point to upside potential into mid-month for the major equity markets.
Here we spotlight the S&P 500.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equity-markets-basing-efforts/