CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% 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. 82% 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 (30.09.2022)

05:46 30 September 2022
  • US indices finished yesterday's session significantly lower. S&P 500 dropped 2.11%, Dow Jones moved 1.54% lower and Nasdaq slumped 2.84%. Russell 2000 finished 2.35% lower

  • Interestingly, declines came in spite of a weakening of the US dollar yesterday. US 10-year yields hold below 3.8%

  • Indices from Asia-Pacific traded lower as well. Nikkei dropped 2.1%, S&P/ASX 200 moved 1.1% lower and Kospi traded 0.3% down. Indices from China traded 0.1-0.7% lower

  • DAX futures point to a flat opening of the European cash session

  • GBPUSD continued recovery and jumped above 1.11 handle, erasing most of declines made since 'mini-budget' announcement last Friday

  • Local governments allowed for relaxation of mortgage rate limits in almost two dozen Chinese cities, in an attempt to support property market

  • Fed Daly said that US interest rates got to neutral levels. She also said that a deep recession is neither warranted, nor necessary

  • Chinese Caixin/Markit manufacturing PMI jumped from 49.4 to 50.1 in September (exp. 49.5) while services gauge dropped from 52.6 to 50.6 (exp. 52.4)

  • Japanese industrial production increased 2.7% MoM in August (exp. 0.2% MoM). Retail sales increased 1.4% MoM (exp. 0.2% MoM)

  • Japanese unemployment rate dropped from 2.6 to 2.5% in August (ex. 2.5%)

  • Australian private sector credit increased 0.8% MoM in August (exp. 0.6% MoM)

  • Cryptocurrencies are trading mostly higher today but the scale of moves is small. Bitcoin and Ethereum gain 0.2% each while Ripple lags and drops 1.5%

  • Energy commodities are trading slightly lower with Brent dropping 0.3% and WTI moved 0.5% lower

  • Precious metals trade higher - gold gains 0.4% while silver jumps 0.7%

  • GBP and EUR are the best performing major currencies while NZD and CAD lag the most

Nasdaq-100 (US100) slumped yesterday but bulls managed to prevent a drop below the 11,200 pts support zone. However, price action recently has been ugly and another attempt at breaking below cannot be ruled out. 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.

Back