Page 3 - High Moving Average News Today

MacroBusiness Access Subscriber Only Content at 9:00 am on July 1, 2021 | 2 comments Another night of divergent fortunes as the triple witching month/quarter/FY end weighed on stocks markets with European markets selling off after Asian hesitation while Wall Street continued to rock higher into orbit, although tech stocks pulled back slightly into the close. The latest German unemployment figures came is as expected, while UK GDP slipped further.  The USD rose against all the majors including ...

MacroBusiness Access Subscriber Only Content at 8:30 am on June 30, 2021 | 4 comments After Asian stocks sold off yesterday, last night saw more drifting and hesitation from European and American markets, although the S&P500 did briefly put in a nominal new record high. The USD rose against all the majors except Yen, with gold making a new monthly low, while commodity prices were mixed with iron ore losing ground alongside copper as oil lifted slightly as the OPEC+ meeting gets underway Bitcoin...

MacroBusiness Access Subscriber Only Content at 8:30 am on June 29, 2021 | 1 comment Last night saw a clear divergence in risk taking with the all-in crowd heading back to US tech stocks with the S&P500 also putting in a nominal new record high as European stocks sold off sharply. Risk markets are waiting for tonight’s OPEC+ meeting with oil prices retracing 2% in anticipation while Treasury yields fell, taking back their Friday gains as currencies were largely unchanged as they await Friday ...

MacroBusiness Access Subscriber Only Content at 8:30 am on June 28, 2021 | 2 comments Friday night was relatively mixed for risk markets with Wall Street putting in a new record high while European bourses were mixed as economic news was also mixed amid the coming of the triple witching month/quarter/year. Treasury yields jumped on the latest PCE inflation print, up over 10bps while commodity prices were mixed as oil tried and failed to breakout while copper and gold lifted slightly. Bitcoin ca...

MacroBusiness Access Subscriber Only Content See the latest Australian dollar analysis here: Good economic and political news overnight pushed stock markets higher as we near the end of the trading week and the triple witching month/quarter/year. Wall Street made new highs on the back of a new infrastructure bill and better than expected durable goods order report, lifting European bourses along the way as the German IFO survey was also much better than expected. Treasury yields were largely un...

MacroBusiness Access Subscriber Only Content at 8:30 am on May 21, 2021 | 1 comment Overnight saw some upside volatility return to equity markets due to a mish mash of good and bad economic news and some further FedTalk from hawks and doves over the coming tapering (or not tapering) of the US economy, plus the jumbles around the ever interesting labour market.  The USD took back its gains against the major currencies, while Wall Street reverted back to its previous levels but still looks weak ...

MacroBusiness Access Subscriber Only Content at 8:30 am on May 10, 2021 | 2 comments Another US jobs report – the April non-farm payrolls or NFP – came and went on Friday night with Wall Street zooming higher on the very poor showing as the headline number came in way lower than expected, indicating that the Federal Reserve has some time yet before thinking of pulling the interest rate lever. As a result the USD was pushed significantly lower against most of the major currencies while commo...

MacroBusiness Access Subscriber Only Content See the latest Australian dollar analysis here: Wall Street zoomed higher on sentiment yet again, with the Dow Jones putting in a record high while European markets were more modest in their rises as the Bank of England kept its composure and interest rates steady, indicating some tapering ahead. The latest initial jobless claims numbers before tonights all-important NFP print was much lower than expected, sending the USD lower against most of the ma...

MacroBusiness Access Subscriber Only Content See the latest Australian dollar analysis here: Better economic data from the US coupled with better earnings saw yet another reversal in sentiment on Wall Street overnight but it was shortlived as tech stocks moved lower yet again. European markets bounced back very strongly after the previous selloff while Treasury yields were the only stable risk asset out there. Commodities continue to be mixed with iron ore lifting and seemingly on its way to $2...

MacroBusiness Access Subscriber Only Content at 9:00 am on April 21, 2021 | 0 comments Another night of selling on Wall Street and across the Atlantic in Europe on risk aversion around the burgeoning 2021 COVID crisis as the WHO let out a stark alarm about the growing number of cases worldwide. The previously on the ropes USD bounced back slightly with Euro falling from its six week high as US Treasury yields fell back on safe haven bids across the bond complex. Commodity prices all fell back i...