trader talent daily markets commentary

KBC Sunset Market Commentary 29/11/2022 via Trader Talent

Sunset Tuesday, November 29, 2022 Daily Market Overview Click here to read the PDF-version of this report.   Markets • Have we seen the peak in headline (EMU) inflation? No, if we follow yesterday’s guidance by ECB Lagarde. Yes, if we look at today’s market reaction following some national inflation readings. Spanish inflation fell by 0.5% M/M with the annual pace decelerating from 7.3% Y/Y to 6.8% Y/Y. Lower fuel and utility prices were the main culprit. Spanish headline inflation peaked back in July, but is more exception than rule in Europe. Core inflation (6.3% Y/Y) remained strong – and rising –though due …

trader talent daily markets commentary

KBC Sunrise Market Commentary 29/11/2022 via Trader Talent

Tuesday, 29 November 2022 Please  click here  to read the PDF version Markets •          In the absence of important eco data, the new China Corona outbreaks and central bank speak were the main drivers for trading yesterday. In the end, it turned out to be a risk-off session with US indices losing about 1.50%. Fed and ECB Governors sounded rather hawkish. Even ECB’s Lagarde admitted that the it’s too early to already conclude that inflation actually reached its peak. Fed members (Bullard: markets are underpricing the risk the Fed will have to be more aggressive rather than less aggressive; Williams: …

trader talent daily markets commentary

KBC Sunset Market Commentary 28/11/2022 via Trader Talent

Sunset Monday, November 28, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets •  Chinese mass protests over President Xi Jingping’s zero Covid-policy dominate today’s headlines. The rare civil unrest was triggered by a deadly apartment fire where pandemic control barriers etc hampered civil services to extinguish the fire while residents in the region were already for three months in isolation. Another issue is related to unpaid workers at the biggest iPhone assembly plant. The unrest and protests are feared to add to China’s economic woes. Regional bourses lost up to 1.5% this morning with European stock markets …

trader talent daily markets commentary

KBC Sunrise Market Commentary 28/11/2022 via Trader Talent

Monday, 28 November 2022 Please  click here  to read the PDF version Markets •          On Friday, US and European bond markets showed a divergent picture as US markets reopened after the Thanksgiving Holiday. US Treasuries continued to outperform. A disappointing US PMI released earlier last week only reinforced the view that there is a strong enough case for the Fed to slow the pace interest rate hikes to a 50 bps step at the December meeting. US yields in the 2-10-y sector eased 1-2 bps with the 30-y gaining marginally. The US 10-y closed the week at the 3.67% support …

trader talent daily markets commentary

KBC Sunset Market Commentary 25/11/2022 via Trader Talent

Sunset Friday, November 25, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets •          The Thanksgiving interludium on global markets today continued. In this respect, today’s moves shouldn’t be overinterpreted. Still, especially EMU interest rates tentatively decoupled from recent markets dynamics. The jury is still out, but long term German and EMU yields are rebounding after a protracted decline over the previous 2 weeks. Bund yields are gaining between 7 bps (2-y) and 11 bps (10-y). From a technical point of view, the 10-y German yield tries to regain the 1.93/95 support (June peak/neckline) lost yesterday. German …

trader talent daily markets commentary

KBC Sunrise Market Commentary 25/11/2022 via Trader Talent

Friday, 25 November 2022 Please  click here  to read the PDF version Markets •          Yesterday’s session was a short one with the US absent for Thanksgiving. European stock markets closed with gains between 0.4-0.8%. European/German bonds advanced in a catch-up move with a late-session UST rally the day before. ECB’s Schnabel cut the run short though. The influential German board member said European fiscal policies and incoming data so far suggest that the room for slowing down the tightening pace remains limited. Dutch ECB governor Knot earlier also warned that large-scale fiscal policy can lead to inflation. German yields at …

trader talent daily markets commentary

KBC Sunset Market Commentary 24/11/2022 via Trader Talent

Sunset Thursday, November 24, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • “The votes are in. They’ve been counted and verified. There’s no ballot stuffing, there’s no fowl play”. In absence of other meaningful news, we open with Monday’s traditional pre-Thanksgiving turkey pardon at the White House where US President Biden spared the lives of “Chocolate” and “Chip”. Other holiday season puns included that the only red wave this season would be the one stemming from his German shepherd (“Commander”) knocking over the cranberry sauce. In any case, the absence of US investors today set the …

Early Closes - Trading Hours

Thanksgiving Trading Hours 24th-25th November

Thanksgiving Trading Hours 2022 Please be aware of the altered trading hours around Thanksgiving in the US. Several permitted assessed Tryout products are affected. Trading halts have been brought forward to 12pm CT for some products and 13.30pm CT for others on Thursday (whereas usually we require you to be out out by 15.10pm CT to avoid a rule break and do not permit you to trade again until after 5pm) and early closes are in place at 12.15pm CT and 12.45pm CT on Friday. On Thursday and Friday make sure you are out of positions at least 15mins prior …

trader talent daily markets commentary

KBC Sunrise Market Commentary 24/11/2022 via Trader Talent

Thursday, 24 November 2022 Please  click here  to read the PDF version Markets •          Core bonds rallied yesterday. US Treasuries vastly outperformed Bunds, catching a bid from economic data and the FOMC minutes. US PMIs all fell more than expected and (deeper) into contraction territory. The final reading of the U. of Michigan consumer confidence was slightly better but details are worrying with more than half of the people surveyed expecting inflation next year to surpass income gains. The Fed meeting minutes later revealed that a “substantial majority” of officials support slowing down the tightening pace soon. Fed chair Powell …

trader talent daily markets commentary

KBC Sunset Market Commentary 23/11/2022 via Trader Talent

Sunset Wednesday, November 23, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • All eyes were on Europe this morning with the publication of PMI business confidence for November. It topped the bar on all accounts. Both manufacturing and services defied expectations for a further decline: the former rising from 46.4 to 47.3 and the latter stabilizing at 48.6. The composite PMI rose as a consequence from 47.3 to 47.8. That said, this is still below the neutral 50 level. S&P Global currently expects the EU economy to contract by 0.2% q/q in the running quarter. …