Market News & Analysis

S&P 500 is still holding above support despite last week onslaught by the bears on Apple and semiconductor stocks.

Recent short-term USD strength is overextended, at risk of a mean reversion decline/retracement except in JPY. Major stock indices are still holding above key short-term supports, watch the 2670 support on the S&P 500. Gold may see a minor rebound above 13330 support.

Short-term USD strength resurfaces. No negative ripple effect yet despite yesterday's weak performance seen in the U.S S&P 500, watch the 2680/70 support next.

Short-term USD strength has resurfaces in GBP & NZd while the AUD/USD & USD/JPY bulls need to break above 0.7790 & 107.80 respectively. Major stock indices remain firm above key short-term supports with S&P 500 residual push up in progress towards 2740/50 medium-term resistance/risk zone.

Mix bag in FX, watch the 107.80 resistance on USD/JPY. S&P 500 further potential push up towards 2740/50 risk zone before another potential round of choppy setback materialises.

USD remains below resistances. Major stock indices firm above key short-term supports with a minor bullish breakout seen in the S&P 500. Risk of a short-term push down in Gold within its multi-month range configuration.

Solid Goldman and Netflix earnings, booming Chinese growth, and forecasts of the best Q1 earnings in almost a decade are outflanking trade worries, for now

Today’s publication of key macro data from some of the world’s most important economies have been far from impressive, underscoring key central banks’ cautious approach about normalising monetary policy.

Further potential push up towards medium-term range resistances

Mix bag in FX space with EUR & GBP showing risk of short-term weakness against the USD. Major stock indices are still holding at/above their key short-term supports despite last Fri, coordinated airstrikes from U.S, U.K, France on Syria.

The US-led strikes against Syria turned out to be a non-event as far the markets are concerned and fortunately there were no reports of casualties.

Mix bag in FX, watch 0.7780 on AUD/USD for a potential bullish breakout. Minor bullish breakout configurations seen in S&P 500 & DAX.