Market Update – January 20 – Equities weaker, Gold rallies, Yields cool

Equity markets fell again (Nasdaq -1.15%) Financial and technology companies led the decline, U.S. dollar slipped like Yields – slides from highs, oil higher again, gold The day’s asset rose to $1842, helped by more hot inflation data from Germany, UK and Canada and strong US housing data. China cut mortgage rates and lifted Asian … Baca Selengkapnya

Cable rolls over & consolidates

GBPUSD, daily GBPUSD raised 1.3636 during the European morning but remains in yesterday’s range and tested the key 1.3600 even. The rise in yields has fizzled out for now and with Treasuries outperforming core European markets, the dollar struggled during the European AM. The fact that British Prime Minister Johnson has managed to hold on … Baca Selengkapnya

Microsoft and Johnson & Johnson Earnings Report Preview

Microsoft Microsoft, the second largest company on Wall Street by market capitalization (after Apple) and developer of the Windows operating system and office suite, is expected to report its results for the quarter ended December 2021 Tuesday, January 25th, after market close. Zacks forecast sales for the quarter at $50.32 billion, above that $43.08 billion … Baca Selengkapnya

Market Update – January 21 – Stocks Sink – Netflix & Peloton Crash

Stock markets fell again (Nasdaq -1.3%) Tech companies led the slide, (peloton -24%, Netflix -18% post results. U.S. dollar solidified as Yields & Oil submerged, gold held on to the profits. The markets are nervous and Risk aversion has chosen up as investors eye shaky earnings and dwindling confidence, with rising tensions over Ukraine adding … Baca Selengkapnya

Events to Look Out for Next Week

The BoC and FED Policy meetings and press briefings are central bank highlights this week. Rising inflation and slowing economic growth from robust Q4 pace could be exacerbated by Omicron proliferation and renewed mitigation measures, not to mention the impact of the move away from monetary easing and fiscal support. How central banks deal with … Baca Selengkapnya