Indices

The tech heavy index sets new highs this week, as markets gear up for Wednesday quarterly results of Nvidia, the enabler and main beneficiary of the AI boom

HKG33 extended its gains helped by Beijing measures to prop the critical real estate market and mostly strong results by Alibaba, JD and Baidu

CPI ticked lower according to Wednesday data, which sent the index to new all-time highs, as markets reinforced pricing for two Fed cuts this year

The central bank made another step towards lowering rates on Thursday, sending the stock market to new record highs, while today’s data showed the economy exited its recession

FXCM’s CHN50 CFD is showing good signs of progress on a primary trend basis. It has broken above its down sloping trendline that has defined price momentum since February 2021, indicating that the downwards momentum has certainly waned. Importantly its trend following indicators which have been in a bearish formation for over two years are looking to cross up (top black ellipse). This positivity is accompanied by an RSI which…

Over the course of 2024 the US real rate has appreciated by just under 24% (top red arrow) and is currently at 2.11%. Not surprisingly, the smaller companies have felt the burden more so than the large cap companies.

SPX500 stock futures are trading higher pre-cash open (red arrow). The index is extending gains following a weaker than expected US jobs report on Friday boosting the prospects of a rate cut by the Federal Reserve.

The tech-heavy index consolidates its recent advance as investor await earnings from Amazon and Apple, as well as the Fed’s monetary policy decision

The tech-heavy index is exposed to key tech levels, weighed by risk-off mood and hawkish repricing around the Fed’s rate cut prospects

The better than expected growth data from China can’t stop the slump of HKG33, as risk aversion prevails following the new Middle East flare-up

DAX short-term traders not aligned with longer term participants.