- FX – USDIndex rotates at 101.50, EUR holds at 1.0970 and JPY pushed to over 135.00 before declining to 134.50. Sterling got a big boost from the inflation data and trades at 1.2470.
- Stocks – US markets closed down (-0.33% to -0.80%) #US500 closed -24.73 (0.60%) at 4129. – US500 FUTS are at 4146 and below the key resistance at 4175 & 4150.
- Commodities – USOil – Futures tanked into $77.00 today as recession fears grow, Gold – continued to slip, testing $1981, today.0
- Cryptocurrencies – BTC decline from the $30k level continues, testing $28k today.
Today – UK Retail Sales, EZ, UK & US Flash PMIs, Speeches from Fed’s Cook & Harker, ECB’s Elderson & de Guindos. Earnings from Kering & SAP.
Biggest FX Mover @ (06:30 GMT) AUDJPY (-1.06%). Tanked from following PMI’s and ahead of BOJ next week, from 90.77 yesterday to under 89.50 today. MAs aligned lower, MACD histogram & signal line negative & falling, RSI 22.75, OS but still falling, H1 ATR 0.169 Daily ATR 0.8000.
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Head Market Analyst
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