By MFM Team STATE OF THE MARKETS
Stocks mixed amid hawkish Fed’s minutes. US stocks closed mixed on Wednesday after minutes showed a more hawkish Feds last month. S&P (+0.09%) and Russell (+0.14%) climbed higher while Dow (-0.16%) and Nasdaq (-0.11%) fell lower as the Dollar index slipped further to the 95.80 barrier. The 10Y benchmark was little changed at 2.04%.
In the commodities market, crude tumbled to $88.90/bl after EIA reports showed an increase of more than 1M inventories while gold was fixed above $1,869.40/oz as uncertainties remain over Russia-Ukraine conflict. Elsewhere, profit taking from speculators forced iron ore to pull back deeper to $144.90/tn.
In the FX space, long term investors turned bearish as Swiss flipped to demand while Yen flipped to offer. However, short and medium term traders seemed bullish as Aussie and Kiwi retain the lead in demand territories.
On Thursday, markets look for earnings reports from Walmart (WMT), Southern (SO), Baxter (BAX), Digital Realty (DLR), Palantir Tech (PLTR), Roku (ROKU), Veritas (VTR) and Dropbox (DBX) as well as the latest figures on US unemployment claims and the health of the housing markets.
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G8 CURRENCIES SENTIMENTS
| ST | NZD | AUD | GBP | CAD | EUR | JPY | CHF | USD | ST |
| MT | AUD | NZD | CHF | GBP | CAD | USD | JPY | EUR | MT |
| LT | CHF | EUR | AUD | GBP | USD | CAD | JPY | NZD | LT |
** ST refers to Short-Term daily turnover, MT is Medium Term weekly
and LT refers to Long-Term monthly turnover.
WALL ST MOST ACTIVE
| TICKER | LAST PRICE |
% CHANGE |
VOLUME | 90 DAYS AVG |
| HOOK | 2.07 | + 54.48 | 180,861.4K | 400.4K |
| AMD | 117.69 | – 3.11 | 118,889.5K | 69,196.4K |
| RBLX | 53.87 | – 26.51 | 94,471.4K | 20,324.9K |
| TQQQ | 57.29 | – 0.02 | 92,801.4K | 100,974.4K |
| VAC | 29.58 | – 17.81 | 87,577.8K | 13,032.7K |
| SPY | 446.60 | + 0.11 | 84,606.9K | 88,491.8K |
| SQQQ | 38.48 | + 0.08 | 80,005.6K | 42,409.4K |
| UVXY | 14.03 | – 5.78 | 78,880.9K | 60,210.8K |
| NVDA | 265.11 | + 0.06 | 72,397.4K | 46,121.5K |
| SOXS | 3.94 | + 0.25 | 63,776.6K | 32,924.0K |
** % Change here refer to price
WALL ST TOP FLOWS
| TICKER | LAST PRICE |
VOLUME |
% CHANGE | FUNDS FLOW $ |
| NVDA | 265.11 | 72,397.4K | + 28.18 | 19,193.3M |
| TSLA | 923.39 | 17,040.6K | – 39.24 | 15,735.1M |
| AMD | 117.69 | 118,889.5K | + 6.69 | 13,992.1M |
| AAPL | 172.55 | 61,104.0K | – 38.46 | 10,543.5M |
| FB | 216.54 | 45,742.6K | – 12.79 | 9,905.1M |
| MSFT | 299.50 | 29,950.1K | – 38.84 | 8,970.1M |
| AMZN | 3,162.01 | 2,625.9K | – 47.99 | 8,303.1M |
| SHOP | 746.85 | 9,917.4K | + 222.45 | 7,406.8M |
| RBLX | 53.87 | 94,471.4K | + 217.26 | 5,089.2M |
| UPST | 148.01 | 33,803.6K | + 252.40 | 5,003.3M |
** % change here refers to volume
TOP 5 BLOCK ORDERS
| SYMBOL | PRICE | TYPE | R/VOL | FUNDS FLOW $ |
| RKT | 13.05 | equities/options | 74.31 | 68.6M |
| 6E | 1.13745 | FX futures/EURUSD | 220 | 25.0M |
| SI | 23.52 | silver futures | 25 | 2.9M |
| ZF/N | 117.1875 – 125.2850 | US bonds futures | 18,562 | 223,074.8M |
| CL | 87.39 – 94.85 | crude oil futures | 7,220 | 674.7M |
OUR PICK – No New Pick
No new pick on high volatility and uncertainty. Given high volatility and uncertainties, plus three consecutives losses in EUR/JPY, GBP/USD and AUD/USD, we decided to stay on the sideline for now.
| HORIZON | STRATEGY | SL | TP1 | TP2 |
| Short-Term | – | – | – | – |
| Medium-Term | – | – | – | – |
| Long-Term | – | – | – | – |
Risk Disclaimer:
This article is for general information purpose only. It is not an investment advice or a solicitation to buy or sell any securities/oz. Opinions expressed are of the authors and not necessarily of MFM Securities Limited or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
RT NewsWires