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Stocks Rebound Amid Dovish Feds

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STATE OF THE MARKETS

Stocks rebound amid dovish Feds. US stocks staged a rebound in the late afternoon post Fed’s statement on its monetary policy. All indexes from Dow (+1.00%), Nasdaq (+1.02%) to S&P (+0.96%) and Russell (+1.48%) rallied after Fed’s Chair Jerome Powell stated that reducing asset purchases “would soon be warranted” and rate hike likely happen in 2022. Dollar (DXY) broke the 93.50 mark before closing slightly lower around 93.49 as the 10Y benchmark yielded lower to 131 basis points.

In the commodities market, crude was firmed around $72/bl after EIA reports showed that inventories fell to the lowest since October 2018. Elsewhere, gold spiked up past $1,787.00 during FOMC before settling lower around $1,797.90/oz after Feds signaled tapering announcement in November and rate hike to follow in 2022.

In the FX space, risk is back as short term traders demanded more Loonie and Aussie with Dollar and Kiwi, while offering Euro, Sterling, Swiss and Yen. Long term accounts are back in bidding Dollars while ditching Euro as the rest was little changed. Markets look forward to seeing better jobless claims with slower PMI numbers.


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G8 CURRENCIES SENTIMENTS

ST CAD AUD USD NZD EUR GBP CHF JPY ST
MT USD JPY CHF EUR CAD AUD GBP NZD MT
LT NZD AUD USD JPY EUR GBP CAD CHF LT
** ST refers to Short-Term daily turnover, MT is Medium Term weekly 
and LT refers to Long-Term monthly turnover.


WALL ST MOST ACTIVE

TICKER LAST PRICE

% CHANGE

VOLUME 90 DAYS AVG
MRIN 9.21 + 61.86 145,695.3K 19,412.1K
SQQQ 7.89 – 2.95 111,180.2K 78,771.9K
CEI 1.46 – 8.75 108,774.3K 48,103.7K
SPY 437.86 + 0.98 102,256.4K 64,270.1K
ATER 16.72 + 28.62 97,140.6K 12,492.5K
AEMD 5.06 + 33.16 96,359.9K 4,355.8K
LCID 24.95 – 6.94 87,184.7K 17,050.2K
ONTX 6.30 + 28.57 80,107.4K 909.5K
AAPL 145.85 + 1.69 76,327.5K 78,570.6K
F 13.23 + 3.60 75,742.3K 73,985.4K
** % Change here refer to price


WALL ST TOP FLOWS

TICKER LAST PRICE

VOLUME

% CHANGE FUNDS FLOW $
FB 343.21 43,591.8K + 206.78 14,961.1M
TSLA 751.94 15,097.5K – 12.14 11,352.4M
AAPL 145.85 76,265.7K – 8.86 11,123.4M
AMZN 3,380.05 2,406.1K – 17.45 8,132.7M
MSFT 298.58 26,613.8K + 19.14 7,946.3M
NVDA 219.41 26,815.6K + 9.05 5,883.6M
FDX 229.08 17,766.8K + 516.22 4,070.0M
MRNA 440.72 8,988.1K – 34.59 3,961.2M
ADBE 626.08 5,684.2K + 190.22 3,558.8M
AMD 104.38 34,066.6K – 18.40 3,555.9M
** % change here refers to volume


TOP 5 BLOCK ORDERS

SYMBOL PRICE / STRIKE TYPE VOL/OI FUNDS FLOW $
FB 343.21 / 340.00 stock options/put 72.19 14,995.8M
MRIN 9.21 / 15.00 stock options/call 61.02 1,344.5M
MGM 43.02 / 43.00 stock options/call 42.87 650.4M
ZN 133.05 US bond futures 3,470 46,168.4M
CL 68.30 – 71.71 crude oil futures 1,950 134.8M


OUR PICK – No New FX/commodities Pick

No new FX/commodities picks as we have achieved profit objectives. We have achieved our profit objectives for the month and will be resting. For high probability picks, please use our Trading Central services.

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