Stock trading screens turned green yesterday after it was cooler than expected PPI (-0.5% vs. 0.0) and a larger-than-expected increase in Unemployment claims (239 thousand vs. 228 thousand) in pushing Wall Street for gains of better than 1%. the Nasdaq rose 1.99% to top 12,000 level again. the 500 USD jump 1.33% And it’s over 4000 Mark for the eleventh session in a row. the United States 30 what’s new 1.14% to the top 34,000 For the first time since mid-February. The 10-year Treasury note closed in the red 3.44% The curve is now inverted 52 points. American dollar It continues to decline and is trading at its lowest level in 12 months, EURUSD more 1.1070 This morning and Sterling pound trading in 1.2540. Asian markets cautious and steady (Save Nikki +1.1%) and European FUT are firmer ahead of US Bank Earnings, Retail Sales and UoM Consumer Confidence.
Overnight data Singapore The central bank unleashed a surprise Asian day by stopping the tightening cycle, and markets were expecting more restraint. Singapore joins Canada, Australia, India and South Korea in hitting the pause button. They also issued a grim look.
- FX – USD Further refused to 100.50 The lowest in 12 months and the third straight week of declines. euro rose to 1.1070 Earlier and bid holds. JPY dive from 133.00 And the test is done 132.00 now. sstunned rallied to breach 1.2500 This holds the main level.
- Stores – US markets closed with strong gains across all sectors (1.14% to 1.99%) The interest rate-sensitive technology sector led the rally. #US500 Closed +54 pips in 4146. – 500 USD FUTS is also the highest today at 4167 After I tested the resistance at 4175 once again. #AMZN & #NFLX gained more 4% Eat and #GOOG and #MSFT and more #TSLA 2% all.
- Goods – Lycel oil – Futures contracts eased from their weekly highs $83.50 to $82.30 today. gold – carries on $2,040Today, the level has reached the lowest level 2015 dollars yesterday. The next major resistance is at $2,050.
- Digital currencies – BTC He carries $30 kilos level rise to $30.8k today.
today – US retail salesAmerican Industrial Production, University of the United States. Michigan Prelim. Poll, Speeches by and Federal President, Tenrio of the Bank of England, earnings from UnitedHealth, JPMorgan, Wells Fargo, Citigroup, Black stone.
The largest forex engine @ (06:30 GMT) EURAUD (+0.32%). Continue to crowd from below 1.6260 yesterday for testing 1.6340 today. Moving averages align up, MACD histogram and signal line are negative but rising, RSI 55.00 and upwards, H1 ATR 0.00161, Daily ATR 0.01377.
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Stuart Coyle
Principal market analyst
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