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Daily Market Outlook, April 20, 2023 Another whipsaw session on Wall Street, albeit with recent ranges which are continuing to contract on low volume price action, notably the VIX, the fear gauge for investors printed lows not seen since 2021, suggesting investors risk appetite remains optimistic, the directionless action on Wall Street has seen Asian […]
Q1 Results Beat After gapping lower at the open yesterday, Morgan Stanley shares surged higher by around 5% on the session as traders reacted to a solid set of Q1 results. On the back of weak results from State Street and mixed results from Goldman, there was a little trepidation in the market. However, in […]
Retail Heavily Short GBPJPY The retail market is currently more than 70% short GBPJPY making it a prime candidate to monitor for long opportunities. The pair has been grinding higher recently amidst a broader breakout pattern and looks vulnerable to further upside near-term. GBP has been well bid recently on the back recent UK data […]
Oil Traders Increase Longs – Price Falls The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions again last week. Total upside exposure rose from 226k contracts to 235k contracts, marking the third consecutive weekly increase in bullish bets. Despite the increase, crude prices have fallen sharply this week, […]
The Japanese yen has dropped noticeably against the US dollar. The current quote is 134.80. The yen is being betrayed by domestic news and the international background equally. The morning statistics demonstrated that the trade deficit in Japan in fiscal 2022 (ended on 31 March 2023) had reached a high of 44 years, amounting to […]
EURUSD on Thursday is neutral. The current quote is 1.0960. Yesterday the US published almost no important statistics except for the Beige Book report. Meanwhile, the Eurozone shared some more exciting data – the final inflation report for March. Well, the CPI in the Eurozone in March remained at 6.9% y/y, while base inflation stayed […]