Market Update – April 12 – All eyes on US Inflation & FOMC Minutes





we #Stock market closed mixed Once again, Asian markets are firmly in the lead US consumer price index print in 12:30 GMT today. American dollar As has slipped again euro & Australian dollars Outperform. Treasury bonds Recovered a boy (10 years old at 3.434%), #gold He hits 2020 dollars # oil It moves to $81.50 despite the stock building and #BTC stuck 30 thousand dollars level. Fed Harker “The Federal Reserve May End Soon” and Goolsby The Fed “has shifted to being cautious about raising interest rates too aggressively in its efforts to tame inflation,” which has become more pessimistic. qashqari She remained adamant, “It will be much worse for jobs if we fail to bring inflation down.” CME Fed futures remain 69% Chance of a 25 basis point rate hike in May. decade of june??

Overnight data Japanese #PPI cool to 7.2% from 8.3% But it is still very high # Machine commands significantly decreased (-4.5%) but not as bad as expected (-6.4%) from 9.5%.

  • FXUSD to reject 101.65 and remains anchored below 102.00 today. euro Holds up 1.0900 Today and trading in 1.0925. JPY violated 134.00 Today from test to 133.00 yesterday. sstunned Holds up 1.2400 in 1.2425.
  • Stores – US markets closed again mixed with the weak performance of Tech (+0.29% to -0.43%). #US500 locked in 4109500 USD FUTS lower today at 4134 from 4150 yesterday. Q1 earnings Season kicks off with the big one Wall Street BankFriday. # carmax rose 7% Yet stronger results.

  • Goods – Lycel oil – Futures testing $81.50 The level today is despite API stocks showing weak demand as both gasoline and petroleum products increased. Official EIA inventories today. gold – testing 2020 dollarsthe level again today was as low as 1998 dollars, yesterday.
  • Digital currencies BTC He carries $30 kilos level rise to 30.5 thousand dollars previously. binance also hung You see & Spell as the founder of TRON Justin Sun He was arrested in Hong Kong (also wanted in the United States).

today US consumer price indexAnd Bank of Canada rate decisionAnd Minutes of the Federal Open Market Committee meetingLetters from the European Central Bank Lagarde Woody de Guindos, Bank of England Bailey (x2), Parkin and Daly from the Fed. earnings – LVMH

The largest forex engine @ (06:30 GMT) EURJPY (+0.16%). Continue to crowd from below 143.00 last week for testing 146.35 today. Moving averages align up, MACD histogram and signal line are positive and bullish, RSI 61.00 and bullish, H1 ATR 0.187, daily ATR 1.526.

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Stuart Coyle

Principal market analyst

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With over 25 years’ experience working with a range of globally recognized organizations in the City of London, Stuart Cowell is a passionate advocate of keeping things simple, doing what’s possible and understanding how news, charts and sentiment work together to provide trading opportunities across all asset classes and all timeframes.


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