Trading Market Insights:
- Asian shares decline on hawkish Fed minutes, following the downward trend set by Wall Street. More rate hike coming, supporting USD. Stocks down?
- JPMorgan Sees Risks of 7% Interest Rate, Hard Landing in UK, GBP bucks the trend.
- US stock market shows minor losses as investors await US jobs data and assess future interest rates.
- Meta Stock Soars To 18-Month High Ahead Of Instagram Threads Launch, Earning Season
- Yields on Australian and New Zealand government bonds rise to 2023 highs.
- Treasuries stabilise after reaching high yields driven by divisions among Fed policymakers.
- US employment reports expected to be pivotal for the market, with focus on job openings and jobless claims.
- Janet Yellen visits Beijing to improve US-China relations, impacting market sentiment.
- Interest rate decisions in Malaysia and Sri Lanka could affect respective currencies and emerging market sentiment.
- Chinese investors turn to dollar deposits and Hong Kong insurance, reflecting lack of confidence in the domestic economy.
- Hedge fund trader to be held in Danish jail for Cum-Ex tax trades that defrauded the Danish treasury.
- Key events today include US initial jobless claims, ISM services, job openings, and a speech by Dallas Fed President Lorie Logan.
- Oil steadies as traders assess the impact of OPEC+ supply cuts and US inventory drawdown.
- Gold prices steady after falling due to Fed meeting minutes supporting more rate hikes.
- Copper prices stabilize amid weaker demand outlook and trade war concerns.
- American Petroleum Institute estimates decline in US crude inventories, official figures to be released later today.
US initial jobless claims, trade balance, ISM services, job openings,
Dallas Fed President Lorie Logan speaks on a panel about the policy challenges for central banks at CEBRA meeting, Thursday
Dollar Index (DXY) Intraday
Pivot Level: 1922.06
Crude Oil (WTI) Intraday:
📈Based on Today's Fundamental and Technical Market Insights📈
Nasdaq 100 Intraday:
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