CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Morning wrap (17.11.2022)

07:47 17 November 2022
  • US indices finished yesterday's trading lower. S&P 500 dropped 0.83%, Dow Jones moved 0.12% lower and Nasdaq slumped 1.54%. Russell 2000 dropped 1.91%

  • Indices from Asia-Pacific traded lower following a downbeat session in the United States. Nikkei dropped 0.3%, Nifty 50 traded 0.2% lower, Kospi dropped over 1% and indices from China traded 0.5-1.7% down. S&P/ASX 200 was an outperformer and posted a 0.2% gain

  • DAX futures point to a slightly higher opening of the European cash session today

  • Bloomberg reports that ECB members are inching towards a 50 bp rate hike in December instead of 75 bp rate move. However, report claims that 75 bp rate hike is still on the table should inflation surprise to the upside, 

  • Fed's Waller said the US central bank still has some way to go on rates and that the terminal level of rates will depend on the inflation. Waller said that recent data releases made him more comfortable with a 50 bp rate hike in December

  • Haitham al-Ghais, OPEC Secretary General, said that cartel is ready to intervene in the oil markets if situation requires it

  • BoJ Governor Kuroda said he expects CPI inflation to drop back below 2% in 2023/24 fiscal year as cost-push factors fade. He also said that it is important to continue with loose monetary policy in order to support Japanese economy

  • Australian employment increased by 32.2k jobs in October (exp. +15k) while the unemployment rate dropped from 3.5 to 3.4% (exp. 3.6%)

  • Japanese exports jumped 25.3% YoY in October (exp. 28.1% YoY) while imports were 53.5% YoY higher (exp. 49.7% YoY)

  • Cryptocurrencies are trading mostly lower. Bitcoin drops 0.7%, Ethereum trades 0.5% lower and Dogecoin moves 0.3% lower

  • Oil and precious metals trade lower on the back of USD strengthening

  • USD and NZD are the best performing major currencies while AUD and EUR lag the most. Overall, trading ranges on major FX pairs are narrow

In spite of better-than-expected employment data from Australia, AUDUSD is trading lower today. The pair halted recent upward impulse at a 0.6775 resistance zone and is pulling back amid USD strengthening. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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