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US indices traded higher in the first half of yesterday's Wall Street session but erased all of the gains following the FOMC decision and Powell's presser. S&P 500 dropped 0.15%, Dow Jones moved 0.38% lower while Nasdaq finished flat
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FOMC left rates unchanged yesterday and said it is committed to completing the QE taper in early-March. Fed said that it will be appropriate to hike rates soon
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Fed Chair Powell said that possibility of increasing rates at every FOMC meeting cannot be ruled out
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Market rates and USD jumped following Powell's presser with 2-year US yield topping 1.19%. US dollar index reached year-to-date highs
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Derivatives markets now price in 5 Fed rate hikes this year
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Stocks in Asia dropped in post-FOMC trading. Nikkei moved 3.1% lower, Kospi slumped 3.5% and S&P/ASX 200 dropped 1.8%. Indices from China traded 1-3% lower
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DAX futures point to a big bearish price gap at the launch of today's trading session in Europe
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United States warned Russia that Nord Stream 2 will not go ahead if it invades Ukraine
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New Zealand CPI decelerated from 2.2% QoQ in Q3 2021 to 1.4% QoQ in Q4 2021 (exp. 1.3% QoQ)
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Chinese industrial production increased 4.2% YoY in December. Full-2021 profits increased 38% YoY
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Tesla reported Q4 revenue at $17.72 billion (exp. $16.57 billion) and adjusted EPS of $2.52 (exp. $2.36). However, shares dropped 5% in after-hours trading amid company's warnings on supply chain situation
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Intel reported Q4 revenue at $19.5 billion (exp. $18.31 billion) and adjusted EPS at $1.09 (exp. $0.91). Sales in cloud segment reached $10.1 billion and were higher than $9.6 billion expected
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Precious metals and oil trade 0.5-1% lower today amid USD strengthening
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USD and JPY are the best performing major currencies while NZD and AUD lag the most
US100 tried to break above the price zone at 23.6% retracement of post-pandemic recovery move but failed. Hawkish Fed deteriorated sentiment on equity markets, causing major indices to drop. Weakness persisted during the overnight trading and now US100 is testing recent low near 13,900 pts. Source: xStation5
