Giles Coghlan LLB, Lth, MA
Financial Source
Jerome Powell speaks tonight and market expectations are that he maintains a dovish hand. The loose monetary policy outlook means that stocks should still find room to gain. Furthermore, the vaccine inspired global recovery means that airline travel should grow and grow into the year-end. Does this mean that Southwest Airlines Co is well placed to take advantage of its strong seasonal pattern?
Between August 07 and December 07 the Southwest Airlines Co share price has gained in value 09 times over the last 10 years. The largest fall was in 2018 with a -11.09% loss. The biggest gain was in 2014 with a 50.44% profit. The average return has been 20.91%.
Key Trade Risks: If the Fed take a hawkish twist tonight stocks could see a sharp correction lower as markets price in lower company earnings on higher debt repayments.
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AUD/USD: The hunt for the 0.7000 hurdle
AUD/USD quickly left behind Wednesday’s strong pullback and rose markedly past the 0.6900 barrier on Thursday, boosted by news of fresh stimulus in China as well as renewed weakness in the US Dollar.
EUR/USD refocuses its attention to 1.1200 and above
Rising appetite for the risk-associated assets, the offered stance in the Greenback and Chinese stimulus all contributed to the resurgence of the upside momentum in EUR/USD, which managed to retest the 1.1190 zone on Thursday.
Gold holding at higher ground at around $2,670
Gold breaks to new high of $2,673 on Thursday. Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors.
Bitcoin displays bullish signals amid supportive macroeconomic developments and growing institutional demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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