EUR/USD 1.02893
0.003%
Gold 2705.21
0.328%
Oil 78.537
-0.728%
USD/JPY 155.734
-0.472%
GBP/USD 1.21979
-0.324%
GBP/JPY 189.967
-0.748%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Premiums for Middle Eastern oil benchmarks Oman and Dubai crude have reached their highest levels since November 2022.Bank of England survey: British lenders expect mortgage demand to fall in the next three months.Bank of England survey: UK lenders expect the availability of mortgages to rise in the next three months.On January 16, Sandra Horsfield, an economist at Investec, wrote in a report to clients that the faltering British economy may lead the Bank of England to cut interest rates further. Data released on Thursday showed that the British economy resumed growth in November, but the growth rate was lower than expected. Horsfield said this means that policymakers at the Bank of England need to take the prospect of disappointing economic activity this year more seriously. According to Investecs forecast, the Bank of England looks set to cut interest rates by 25 basis points at its meeting in early February, followed by three more cuts before the end of the year. Horsfield said: "Growth below potential has increased spare capacity and should put pressure on inflation in the medium term. The tightening of financial conditions caused by rising bond yields has also played a similar role."Venezuelan government: Sanctions are an "economic war" and the main cause of difficulties.

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