Fresh Quarter. Fresh Month. Fresh Week. Market Insight for the Week Ending 7 April
- Daily Analysis, Daily Report, Recent Posts, Technical Analysis, Trending Now
- April 1, 2023
Friday saw markets conclude what was a turbulent quarter, albeit an upbeat one for global equities. The recent banking turmoil shook Q1, though does appear to be receding. Despite the collapse of Silicon Valley Bank and Signature Bank and UBS’s rescue of Credit Suisse, Q1 ended well and truly on the front foot in the
READ MOREThe FP Markets research team produce First Light News during the early hours of the European session, ensuring traders and investors have the news needed to begin their day. Good morning. Major US equity indices were largely positive on Thursday, bolstered by continued strength out of the tech sector (+1.2%). The Dow added 141 points
READ MOREYour weekly review of technical patterns and structure. The research team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: USD/CAD Oversold? Daily Timeframe – Out of the daily timeframe for the USD/CAD, price action, following its third consecutive losing day yesterday, is testing the lower Bollinger Band, in a market
READ MOREAn interesting technical picture has emerged on the EUR/USD currency pair, based on the H1 timeframe. As you can see, the unit has been steadily climbing since Friday, with a portion of that time price having been glued to the upper Bollinger Band. However, in recent movement, the upper Bollinger Band, once again, has welcomed
READ MOREYour weekly review of technical patterns and structure. The research team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: AUD/JPY Eyeing H&S Profit Objective Daily Timeframe – Since June 2022, the AUD/JPY currency pair has been busy carving out a Head and Shoulders Top pattern (some may even refer to
READ MOREThe FP Markets research team produce First Light News during the early hours of the European session, ensuring traders and investors have the news needed to begin their day. Wednesday’s Highlights Good morning. US equity markets concluded Wednesday mixed after earlier losses were pared during the afternoon session. The Dow Jones Industrial Average and the
READ MOREAn interesting scenario is emerging between the S&P 500 equity index and the Chicago Board Options Exchange’s (Cboe) Volatility Index. What is the S&P 500? Serving as a basket of 500 of the largest publicly traded companies in the US—a little more than 500 actually—the S&P 500 is a widely followed stock market index comprising
READ MOREIt has been quite a day across global stock markets. As banking stocks gave up earlier upside, European equity indices tumbled on Wednesday, with the FTSE 100 dropping nearly 4.0% and Germany’s DAX falling 3.3%. US markets also slumped, weighed by banking giant Credit Suisse shedding more than 20% and clocking an all-time low, following
READ MOREMonday observed a good old-fashioned flight to safety amidst US banking failures in recent days. Safe-haven currencies, such as the Japanese yen and the Swiss franc, benefitted, as did the price of spot gold, climbing 2.0%, and US Treasury bonds ended the London session higher across the curve. However, what has really caught my attention
READ MOREThe FP Markets research team produce First Light News during the early hours of the European session, ensuring traders and investors have the news needed to begin their day. Last Week’s Highlights Good morning. Headline risk events last week were centred on US and UK inflation data, along with Fed commentary and Aussie employment figures.
READ MOREWeekly Review: The headline event in early trading last week was US inflation. According to the Bureau of Labour Statistics (BLS), annual inflation cooled to 6.4%. Although marking a seventh consecutive deceleration since the peak at 9.1% in June 2022, the release was marginally above the 6.2% consensus; the monthly measure, nonetheless, matched expectations at
READ MOREThe FP Markets research team produce First Light News during the early hours of the European session, ensuring traders and investors have the news needed to begin their day. Yesterday’s Highlights Good morning. Major US equity indices settled lower on Thursday, rocked by inflation worries. Led by the Nasdaq 100, down nearly 2.0%, the Dow
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