we #Stock market closed mixed – Higher Industries – Lower Technology (#samsung They said they would reduce chip production – lift Western Digital & micron +8%). American dollar Continue to recover, (USDIndex hit 102.50), Treasury bonds Slipped again (10 yrs 3.41%) And #BTC violated 30 thousand dollars For the first time in 10 months. Stocks rose in the Asian session (ASX +1.3% After the Easter holidays and Nikki +1.4% Yet a dovish look from the new Bank of Japan governor Ueda & buffet He said he was planning to add his Japanese investments. Australian dollars excel.
Overnight data Chinese #CPI cool to 0.7% from 1.0% Loss of expectations, and #PPI decreased further and remained significantly deflationary at -2.5% from -1.4%
- FX – USD climbed to 102.50 Yesterday and held in 102.00 today. euro Even tested 1.0850 But he returned to the test 1.0900 today. JPY violated 133.00 Yesterday and I went up to 133.88 as Governor of the Bank of Japan Ueda, He emphasized that there would be no immediate change in policy from the Bank of Japan. sTurling Refuse from the key 1.2500 I stopped at 1.2350 It is now trading again at 1.2400 today.
- Stores – US markets closed mixed (+0.30% to -0.03%) After opening is very weak. #US500 locked in 4109 – 500 USD FUTS is higher today at 4140. Q1 earnings season Go with the big one Wall Street Bankon friday and FRC today.
- Goods – Lycel oil – Futures testing under the key $80.00 level but carries on $80.50 now. gold – Vitality tests 2000 dollarsthe level again today was as low as 1982 dollars, yesterday.
- Digital currencies – BTC swarmed 8% from $28k level and breach it 30 thousand dollars Earlier today it rose to $30.7k On speculation that interest rates have peaked. In addition, prof major renovation of Ethereum ($1.917k) Blockchain due this week’ is set to allow them access to more than $33 billion of ether currency. dubbed ChabelaThe software upgrade will allow market players to redeem “observed ether” — the coins they have deposited and locked onto the network over the past three years in exchange for interest.” — Reuters
today – EZ Retail Sales and Sentix Index, EIA STEO, and Letters from Fed Goolsbee & Harker. International Monetary Fund meetings continue. earnings – First Republic (#FRC)which was hit hard by customer withdrawals in the wake of the Silicon Valley bank collapse.
The largest forex engine @ (07:00 GMT) honor (+0.46%). He climbed from under 0.6620 yesterday for testing 0.6680 today. Moving averages align up, MACD histogram and signal line are positive and bullish, RSI 61.00 and upward, H1 ATR 0.00092, daily ATR 0.00701.
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Stuart Coyle
Principal market analyst
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