Macro Matters – Weekly review, w/c May 22
TradeDay Macro Matters Macroeconomic / Geopolitical developments US debt ceiling agreement is close… finally! Yields move higher as the hawks flap their wings again US debt ceiling set to be resolved According to House Speaker Kevin McCarthy a deal to raise the debt ceiling is “doable” and maybe as soon as Sunday. The game of […]
US equities impacted by the US debt ceiling uncertainty
US equities impacted by the US debt ceiling uncertainty The uncertainty over the raising of the US debt ceiling is being felt across major markets. This uncertainty is manifesting in a stagnating drift of negative sentiment. There is no decisive selling pressure, but the USD is starting to gain ground and the rally in US […]
FOMC Hawk and Dove Sheet
Hawks and Doves A Hawk is originally a term in economics that refers to economists or Central Bankers who prioritize guarding against potential recession caused by higher inflation rather than focusing on economic growth. However, it is now more commonly used to describe a stance on interest rates, where a hawk advocates for higher interest […]
US consumer concerns only strengthen resistance on US futures
US consumer concerns only strengthen resistance on US futures The Big Tech stocks have been the primary reason why US stocks have been pulling higher since March. However, consumption is around two-thirds of the US economy. However, there are increasing signs in recent days that the US consumer is not in their happy place. This […]
Macro Matters – Weekly review, w/c May 15
TradeDay Macro Matters Macroeconomic / Geopolitical developments US debt ceiling concerns Stubborn US inflation and cooling Chinese inflation add to negative risk appetite Debt ceiling concerns continue Treasury Secretary Janet Yellen is not mincing her words on the debt ceiling. On Thursday, she commented that a US default would be an “economic and financial catastrophe”. […]
US CPI is falling but can it drive a breakout on US futures?
US CPI is falling but can it drive a breakout on US futures? Central banks have always considered inflation as a critical factor in determining their monetary policy stance. Recently, amid signs of an impending recession and a banking crisis that continues to bubble under the surface, the Federal Reserve is now seemingly set to […]
Macro Matters – Weekly review, w/c May 8
TradeDay Macro Matters Macroeconomic / Geopolitical developments Central banks hike but the monetary policy transmission is weighing on economic activity A rebound in bond yields is unlikely to last Drone attack on the Krelim ramps up the geopolitical risk Central banks hike again but look cautious The theme of the week has been the 25bps […]
The key data and central banks events traders need to watch
The key data and central banks events traders need to watch Whilst some data are more important than others, traders should understand that economic announcements have the power to move financial markets. When it comes to trading the news, tier-one data are the most crucial releases on the economic calendar. Here we explain the announcements […]
Macro Matters – Weekly review, w/c May 1
TradeDay Macro Matters Macroeconomic / Geopolitical developments US recession warnings mount Treasury yields fluctuate Renewed Russian threats on grain deal Recession warnings in the US The US economy is dealing with the effects of the most aggressive monetary tightening for 40 years. You can also add in a banking crisis, that whilst may have eased […]
Can “Big Tech” earnings prevent a correction on US futures
Can “Big Tech” earnings prevent a correction on US futures Earnings on Microsoft and Alphabet have helped to pull US equity futures higher overnight. However, can this be enough to prevent what looks to have been a developing correction? We take a look at the numbers and how the moves impact the E-Mini NASDAQ 100 […]
