Started by analysis.hotforex.com, forexegitimkitabi.com, binaryoptiontrader.info, Jan 31, 2023, 10:30 am
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China Stock market returns from Luna New Year break. Chinese stocks rose while most other Asian equities fell as investors looked to interest rate decisions scheduled this week in the US, UK and Europe and busy earnings agenda. Nikkei ended at a more than 1-month high today. Global Stocks excluding China are lower, USD steady and Yields picked up. European & UK FUTS also lower. The rout in India’s Adani Group is weighing on sentiment while the December income report showed cooling in income, a drop in spending, and deceleration in the annual measures of inflation, supporting the well-expected step down in the FOMC’s rate hikes to 25 bps on February 1.
“Markets could sell stocks to book profits ahead of the Fed meeting, NFP, & earnings?”
Today – German Q4 GDP -1.1% decline; Earnings: More than 100 S&P 500 companies, including six Dow components, are slated to report earnings in the week ahead,i.e. Amazon, Apple, Alphabet, Meta, Ford, McDonald's, Pfizer etc.
Biggest FX Mover @ (07:30 GMT) AUDJPY (-0.48%). Declined from 92.65 high, to test S2 at 91.69. MAs aligning lower, MACD histogram & signal line turn negative. RSI 37 & neutral, H1 ATR 0.208, Daily ATR 1.246.
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