Follow on FaceBook – Twitter – LinkedIn – YouTube and Instagram!!
OVERNIGHT MARKET SNAPSHOT FOR FRIDAY 1/07/22
US Indexes headed lower to end the financial year on a low note. The three main indexes gapped down on the open to follow on from weak Asian and European markets sessions. The USD held its ground around higher while bond yields edged higher as traders await the next rate hike announcement from the Fed to see if they truly will be more aggressive towards inflation. The big move came with Bitcoin and Ethereum as both continued to break lower with BTC moving below the $20K mark. There seems to be some bigger players holding bad positions that are liquidating which would mean that the pressure could continue for some time to come. Either way, there will be more flow on effects into the share markets as traders re-asses risk from a margin perspective. European CPI data out at 7pm AEST and US ISM Manufacturing PMI data at 12am AEST.
The ASX200 is expected to open DOWN 15 points after fighting back up off lows made in the European session. I do expect the ASX to be heaving into the weekend as traders remain risk off for now.
SPI200 (Sep) overnight futures up 12 pts to 6473
SP500 down 33.45 pts to 3785.38
NASDAQ Composite down 149.16 pts to 11028.73
Dow Jones down 253.88 pts to 30775.43
FTSE100 down 143.04 pts to 7169.28
DAX30 down 219.58 pts to 12783.77
GOLD futures US session (Aug) down $10.20 to $1807.30 an ounce
COPPER futures US session (Comex Sep) down $0.1002 to $3.6803 a pound
OIL futures US Session (Nymex Aug) down $4.02 to $105.76 a barrel
CRB Index down 8.20 pts to 291.15
AUDUSD trading at 0.6902
EURUSD trading at 1.0480
GBPUSD trading at 1.2175
USDJPY trading at 135.7400
USD Index US Session (ICE Sep) down 0.349 to 104.500
CLICK HERE FOR ECONOMIC DATA OUT TODAY (AEST) 1/07/22
Join Our TRADERS HUB DISCORD CHANNEL for updates and trade ideas (email email@example.com for the link)
Disclaimer: the contents of this post are presented for informational purposes only. They should not be viewed as investment advice, nor a solicitation to buy or sell any financial securities. Investments in financial products are subject to market risk. Some financial products, such as currency exchange, futures, contracts for difference, options and warrants are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. Trading currency exchange, futures, contracts for difference, stocks, shares, options and warrants on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in currency exchange, futures, contracts for difference, options, stocks, shares and warrants you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with currency exchange, futures, contracts for difference, options, stocks, shares and warrants trading, and seek advice from an independent financial advisor if you have any doubts.