EUR/USD 1.17579
-0.090%
Gold 4795.96
-1.204%
Oil 86.743
4.578%
USD/JPY 158.816
0.164%
GBP/USD 1.35023
-0.121%
GBP/JPY 214.443
0.041%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 20th, amidst increased uncertainty due to the Iran war, Bank of Japan Governor Kazuo Ueda, after attending an IMF meeting, did not commit to an April rate hike in advance, but still released some hawkish signals, suggesting that a June rate hike, if not this month, remains a possibility. While market attention focused on his lack of explicit indication of an April rate hike, Ueda did not downplay the possibility, emphasizing the need to closely monitor the situation in the Middle East and its impact on the Japanese economy. Three sources familiar with the Bank of Japans thinking indicated that, with both possibilities remaining, policymakers might hesitate until the last minute to decide whether to raise rates at the April 27-28 meeting, depending in part on the progress of negotiations to end the war between the US and Iran. The sources stated, "Given the high degree of uncertainty, it is too early to make a decision now regarding the policy meeting more than a week from now."On April 20th, gold prices edged lower on Monday due to a stronger dollar. Meanwhile, news of a renewed closure of the Strait of Hormuz boosted oil prices and fueled inflation concerns. Ilya Spivak, Global Head of Macro Affairs at Tastylive, stated, “The market’s optimism regarding a ceasefire agreement in the US-Iran war appears to have been dashed last week, hence the decline in gold prices today. This has reignited the ‘wartime trade’ pattern common since the beginning of the conflict. Rising oil prices, in turn, have impacted inflation expectations and pushed up yields and the dollar exchange rate.”On April 20th, Tesla China reported that when Tesla Vice President Wang Hao was asked about robots at a media event on April 14th, he only discussed that Teslas Shanghai Gigafactory has excellent large-scale production capabilities and great potential for the future. "Currently, Tesla has no specific plans to mass-produce robots at the Shanghai Gigafactory. Please do not describe in reports that Tesla is about to mass-produce robots in Shanghai; this is incorrect information," Tesla China stated.Hong Kong-listed Qunhe Technology (00068.HK) continues its upward trend, currently up nearly 40% to HK$25.96.On April 20, according to a report by RIA Novosti, Russian Deputy Foreign Minister Grushko stated that the Russian military will consider Frances plans to deploy nuclear weapons in non-nuclear European countries when updating its list of priority targets in future conflicts. In an interview, Grushko said that France has announced the possibility of dispersing its nuclear forces to non-nuclear European countries, a point that requires special attention. In the event of a serious conflict in the future, Russia will closely monitor this situation when updating its priority military targets.

Non-Farm Payrolls Print at +428k vs. +391k Expected, With Unemployment at 3.6 Percent

Jimmy Khan

May 09, 2022 10:49


微信截图_20220509101551.png


The stock market is perhaps the greater issue on many traders' minds this morning. After all, it's been rather dramatic this week, and one of the reasons for the high level of curiosity is the possibility of a huge change.


And, so far, that pattern has continued apace, even through this week's rate boost of 50 basis points.


However, trends do not always price in straight lines, and when a market is over or underweight in one direction too much, a counter-trend move may emerge, as we witnessed surrounding the Fed on Wednesday. However, to the displeasure of bulls, the move was promptly priced-out the next day, raising the risk of an even deeper break.


The S&P 500 is now trading at a major region of support, and the two-week range is impressive.

THE NASDAQ 100

The Nasdaq 100 is a potentially more appealing negative vehicle. High-beta tech stocks typically worsen the performance of the S&P 500's blue chips, which may operate on both sides of the equation, as we witnessed on the way up last year and again this year.


However, as recent events have unraveled, the difference in performance has been noticeable. While the S&P 500 remains above important support levels such as the psychological level of 4000, the Nasdaq 100 has already broken through most of that earlier support structure. Price is still hovering around the Monday low of 12,710. Yesterday, that level was tested and maintained — but sellers are now pressing a third test, and the third test may not be pleasant.

Suggestion