Tag: tickmill

Daily Market Outlook, February 3, 2022 Overnight Headlines Fed’s Daly: ‘Gradual’ Rate Hikes Won’t Derail The Economy Biden’s Three Fed Board Nominees Vow To Tackle Inflation Yellen Sets Inflation Blame Abroad, Defends Biden Stimulus US House China Competition Bill Set For Passage This Week US Sends 3,000 Troops To Aid Allies In Russia-Ukraine Crisis Putin […]

Slight Reduction In Oil LongsThe latest CFTC COT institutional positioning report shows that oil traders cut their net-long positions last week, bringing total upside exposure back from the ten-week highs recorded over the prior week. While the market remains overwhelmingly long, some corrective action is to be expected and, at less than 10%, the reduction […]

CitiEuropean OpenSome markets reopened in Asia, following Lunar New Year Holidays. However, we note that CNY/HKD/TWD are still on holiday. In terms of moves, the plunge in equity futures late in NY session was the highlight, as sour earnings caused 2% dips. USD modestly gained in the Asian session, continuing a trend seen in NY, […]

ECB Inflation Outlook On WatchThe February ECB meeting today will play second fiddle to the BOE meeting. However, there is still potential for market action in response to the meeting as traders await the latest outlook and assessment from the bank. No alteration in monetary policy is expected at this point so the main focus […]

BOE In FocusThe February Bank of England meeting due today is drawing a great deal of focus, with the market widely expecting the BOE to hike rates by a further .25% to 0.5%. With omicron risks having fizzled out, the labour market continuing to tighten and inflation soaring, there seems little case for the BOE […]

Content ControversyMusic streaming platform Spotify has been drawing plenty of heat recently following a row which erupted just a fortnight ago. Folk-rock icon Neil Young called on Spotify to make a choice between having his music on their platform or Joe Rogan’s podcasts. Young took aim at Spotify over the content of Rogan’s podcasts, specifically […]

AUD Trading HigherThe Australian Dollar has seen better demand today following comments overnight from RBA governor Lowe. Following the RBA’s February meeting which saw the bank announcing an end to QE but citing ongoing concerns over the sustainability of the pickup in inflation, Lowe’s comments last night were deemed more hawkish than the market was […]

The rise in prices in the Eurozone once again surprised, primarily due to an increase in energy prices, but there are few qualitative positive changes. Core inflation, on the other hand, eased from 0.4% to 0.3%, indicating that a “second round” of inflationary effects, which could really make the ECB worry, has not emerged. The […]

OPEC In FocusThe first OPEC+ meeting of 2022 gets underway today. The group will decide on how to set its production levels for the coming months. Oil prices have been on a solid topside run recently with prices rallying over 40% since the December lows. So far, OPEC+ has stuck to its plan of maintaining […]

CAD GDP Up NextThe release of Canadian GDP today will be closely watched following the recent BOC meeting. While the bank somewhat disappointed CAD bulls by holding off from any policy adjustments, it was firmly hawkish in its outlook. In terms of guidance, the BOC governor said that the bank expects to make several adjustments […]