Pepperstone - Global Markets Telegram Posts

With the NAS100 eyeing 20k and the S&P500 pushing 5500, and with the knowledge that July is typically a solid month for returns in the NAS100 (the NAS100 has closed higher in July in all 15 of the last 15 years), the question of what derails this momentum move is one we hear ever more frequently.

📈 S&P500 YTD gains coming predominantly from six stocks
🤖 When could we see Nvidia reverse its bull trend?
⚠️ The big risk to markets
📊 Why market positioning is a factor to consider

Read Chris Weston's Daily Fix for the full story 👉 https://ow.ly/oJ1o50Sm2Pn

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🔍 Analyse and forecast key market movements.
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#AUDUSD completely unchanged on the RBA statement

US equity indices have put on a show, with cash volumes 9% above the 30-day average, and for those that bought into the index move, they’ve been treated to the 30th new all-time high in the S&P500 in 2024. 🚀 📈 

Key Takeaways
• A 30th all-time high for the S&P500 in 2024
• Placing a reason for the rally
• Tech and discretionary names leading the charge 
• Asia equity opening calls looking constructive 
• EUR and SEK lead us higher in FX 
• Risks for the session ahead 

Read Chris Weston's Daily Fix for today's market insights 👇 https://ow.ly/b9Of50SkryS

Decent selloff in the #JPY225 in the session - We eye the consolidation range lows, and the prospect for a break.

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In the week ahead the main scheduled event risks to navigate will be central bank meetings in Australia (rates firmly on hold), the UK (firm hold), Switzerland (a coin toss), Norway (firm hold), China (likely hold), and Chile (likely 25bp cut).

Key Takeaways:
🗓️ The main events this week for traders to navigate
🇫🇷 French election concerns likely persist until 7 July, if not longer
💱 Will the gains in the CHF force the SNB hand?
🏆 Gold finding better buyers on haven demand
🇺🇸 US equity risk this week – US2000 is the better short
🇦🇺 The RBA to leave interest rates on hold
🇬🇧 UK CPI is the main event for GBP traders

Check out Chris Weston's Traders Playbook for a detailed update on the week ahead: https://ow.ly/wUzp50SjGhI

Sunday’s shock decision by President Macron to call a new legislative election in the wake of the European elections has seen increased focus and trading activity in French government bonds, the #FRA40, French banks, and to a lesser extent selling in the #EUR.

But is this really a significant volatility event unfolding, and how may markets fare in the short term?

Read Chris Weston's Daily Fix: https://ow.ly/Gecf50SiyQb

Friday Market Watch! 📈

Another week of excellent volatility in currencies and a new S&P500 high! 🚀 Let's explore the charts to find potential trades today or early next week.

Watching #AUDUSD #USDCAD #USDJPY #DXY #EURUSD #US500. Stay tuned 📺 !

Watch it here 👉 https://ow.ly/4zXu50SiwgB

🔥 The S&P and Nasdaq bull market charges ahead, driven by Apple, Nvidia, and Microsoft, with a positive US CPI reading boosting optimism but the Fed's caution keeps excitement in check. With key events like the US CPI report, Fed meeting, & non-farm payrolls now past, how do we navigate the markets now? 🤔

Chris Weston and Blake Morrow break it down on the latest Trade-Off episode!

We look at #CPI #rates #FOMC #Nasdaq #BOJ #AUDUSD #EURMXN #GOLD #BITCOIN #Nas100 #US30 and #CADJPY

Catch the full episode 👉 https://ow.ly/XHii50ShCpJ