ETO Markets

17/03/2023

🚀Quite a volatile week! Tuesday's Consumer Price Index suggested inflation remains a concern with no signs of cooling down.📈

The Bank crisis has been the bane of market discourse and trends which started with Silvergate and then Silicon Valley Bank- Signature Bank-First Republic Bank, and lastly, Credit Suisse triggering a wild sell-off in bank stocks, but then, is this the end?🏦🤑

The normal reaction in a crisis is for investors and traders to seek refuge in haven assets which saw Gold rallying above 1900 and still holding and DXY 104.70 but retreating, and the Japanese yen strengthening.📊

Oil prices remain depressed, and OPEC will likely wait until after FOMC to react to cut production to pump up prices.🤔

Next week is the FOMC rate decision, and investors are curious, Will the Fed leave the fed funds rate unchanged? Announce a quarter of a percentage increase in rates?💥📈

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16/03/2023

Credit Suisse bank crisis spooked the markets, and haven assets like Gold, USD, and the Japanese yen strengthened -the market's jittery remains.📈🤑

The banking crisis continues, and it seems contagion; the Fed is now caught between an inflation fight and trying to deter further bank failures Expectations of an increase in rates continue to diminish each day; the ECB interest rate hike looks like a done deal, but the Credit Suisse crisis might impact it as well. 💵🏦

It is also quite possible that Fed may leave rates unchanged to properly ascertain the level of financial stability risks, but meanwhile, haven assets are rallying. Each trading day from now till next week is crucial and a lot more likely to happen.🔥📊

In ETO Markets, we aim to provide traders with actionable technical analysis to maximize profits and improve strategies.🎯

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15/03/2023

The collapse of the three U.S. banks has forced the Fed to tweak its monetary policy and rate expectations, which has destroyed the dollar this week.🤑📊

Yesterday’s Consumer Price Index, the last major eco data before next week’s Fed policy meeting, suggested inflation remains sticky.📋

The collapse of those Banks indicates that QT has kicked in, and if Fed continues aggressively, it's sure the economy will be tipped over.

Now the Fed pivot is back on, pausing the rate hikes or 25bp rate increase in next week's FOMC? Any of these is dollar negative.📊💥

China’s eco data shows its economy has rebounded, though not as strong as expected. It's a negative for the dollar as the Global economy will improve commodity demand.📈

Trade Focus -Copper China's rebound will improve demand for commodities like copper. China is a huge consumer of copper, and recessionary speculation may be a headwind, but demand outstrips supply. We think it's a long-term play. 📈🇨🇳

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14/03/2023

Some Calm is returning to the markets; Fed officials will be less hawkish from now. Fed rate hike probability is changing by the hour. 📈

Currently, markets are pricing a 45% chance of a no Fed rate hike on March 22 and a 55% probability of another 25bp to between 4.75%-5%, according to the CME FedWactch tool.🤑📊

As 2 Years Bond yields dropped sharply on Monday, it may be a sign that Fed may slow down or even ditch QT entirely as speculations grow.
The market is jittery, and rate-cut speculations are growing. Over in Australia, Consumer Confidence is near a 30-year low indicating policy tightening pressure and a sign RBa is likely to be on hold.📋

Markets will continue to reprice rate differentials and expectations, so long-term visibility into currency markets will remain murky. But as Fed slows down the QT pace, Gold and commodities will remain attractive.📊

Fed Reserve is desperate to see a decline in service inflation. Tick-up in Inflation is likely to be ignored. A decline will increase the pace of dollar sell-off.💥

ETO Markets continues to bring you the latest developments and market trends.🙌

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13/03/2023

📣 Exciting news for traders in ! ETO Markets Limited is now available in Taiwan!🛕

As a leading provider of trading products, including foreign exchange currency pairs, CFDs, commodities, indices, and more, ETO Markets is committed to providing our clients with exceptional trading experiences and opportunities.📈

With our cutting-edge trading technology, competitive pricing, and comprehensive educational resources, we aim to empower traders of all levels to make informed decisions and achieve their financial goals.
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13/03/2023

📣The Market is constantly in flux; nothing is ever set in stone. While the Fed is scrambling to contain the ramifications of SVB's failure to prevent a full-blown financial crisis, the much-touted 50bp anticipated rate hike is canceled.

Eurodollar markets are now pricing in two Fed rate cuts later this year; Goldman Sachs Group says it no longer expects a Fed rate increase next week, citing "stress in the banking system," while JP Morgan insists on a 25bp rate increase next week.💰

Tuesday brings Consumer Price Index report, very important data, and Fed is eager to see Services Inflation decelerating. However, a 25bp rate increase and non at all next week are all dovish, and the dollar is likely to be shellacked.📈

This week, perhaps, statements from Fed officials concerning SVB and its consequences will improve volatility.📆

ETO Markets sifts through the noise and confusion, bringing clear and actionable market insight.🤑📊

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10/03/2023

🤔Another week of dollar strengthening was apparently orchestrated by Mr. Powells Tuesday Capitol Hill testimony. His hawkishness was unexpected, leaving the door open for a 50bp rate hike in June and a possible terminal rate at 6%.

🚀Two determinant factors to the actual size of the march rate decision are
1. Today, NFP and
2. Next week, Consumer Price Index.

🤔Obviously, the market has nothing else to look out for right now than the Fed's favored economic data like those two mentioned above, and any soft print will likely see Fed soft pedal and take a dovish 25bp rate hike.

📋China's growth target of 5% is another damper, and even with a dovish outlook on commodities and commodity currencies, Aussie exports to China will equally be unattractive as the dollar strengthens.

📊Natural Gas has been our favorite, and we are still biased to a Long position as volatility continues to be in our favor. See chart for analysis.

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I think any volatility here will help consolidate natural gas LOW.ETO Markets♦️Strictly licensed & regulated♦️Global leading trading platforms♦️Well-establis...

09/03/2023

The Greenback continues to enjoy the hawkish Fed officials' comments strengthening enormously against all major currencies, commodities, and metals.💵🤑

Mr. Powell's Wednesday testimony echoes his previous statements. Still, so far, it seems the market is setting up Friday's Non-farm payroll report and next week's inflation report to solidify his hawkish views, and a 6% terminal rate becomes possible, and 50bp on March 22 is all but a done deal.🏦

There is evidence of a resilient job market, as ADP data released yesterday points toward that.📅

However, suppose these expected eco data print soft figures. In that case, its obvious market sentiments will change, and the dollar will take a hit WTI(US.oil)continues its 3 days drop, and Gold is edging towards 1800 again; is there any hope of a strong rebound?💥

Another event to watch out for is BOJ tomorrow; Kuroda is holding his last meeting, and there may be surprises. ETO Markets analysis and technical outlook give you fresh perspectives on positioning and strategies.📈

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08/03/2023

🤭Mr. Powell was a lot more hawkish than expected.

"If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes," that the ultimate level of interest rates is likely to be higher than previously expected," Powell said.

📉This is just the statement that sent currencies, precious metals,commodities, and indices careening against the dollar.

😇His testimony deadened risk appetite, and even the talk to rate cut is finally dead.

Friday's jobs report becomes crucial for dollar sell-off or strengthening again or relief rally in commodities.

🏥 We have had some good runs here. Last week's push to the top is likely a suggestion that we have seen the lows. Currently, we are waiting for an opportunity to get long. See chart for details.

ETO Markets has you covered as we continue to bring you insightful analysis and market expectations.📈

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08/03/2023

May the days of women being underestimated, dismissed and overlooked be behind us.

Have a great day ladies.💃Happy International Woman’s Day. 👭

07/03/2023

🤝Mr.Powell Testifies. His testimony is expected to be impactful.

😏After 2 days of testifying on Capitol Hill might upend the bullish move in markets or give the dollar further dominance.

👀Gold particularly comes to mind.

🤓But it is expected that Mr. Powell will keep repeating the same message of being "data dependent," and rates will remain "higher for longer," and "more work to do "to combat sticky inflation.

✅Much of the market's bullish move is predicated on FOMC sticking to a quarter-point rate hike which is dovish instead of 50bp.

📊If Mr. Powell hinges on this dovish approach, the rally will likely continue until the Nonfarm payroll report later this week.

📈Stay tuned with ETO Markets as we look into economic events and their implications for your portfolio.

👉DM us your email to receive our technical chart analysis for positioning on FX pairs,Precious Metals, Energies and indices.

06/03/2023

📣It's Non-Farm Payroll week is crucial for the dollar and the markets. Mr Powell ́s testimony is likely another opportunity to be hawkish.

📉 Traders will immediately focus on AUDUSD.

🙌On Tuesday's brings rate decision, Aussie has dropped almost 6.5% from Feb highs and is on the verge of further down amid poor sentiments about the economy, which has been weak so far.

📊Meanwhile, China ́s re-opening optimism has faded. This will bring some headwinds to Australian commodities exported to china, its largest trading partner S&P/ASX 200 Index, is down 5% YTD, and more than half of the companies reported negative earnings increasing the chances of a recession.

📈 As we tip-toe into the new week, ETO Markets informs you of the latest market trends and expectations.

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