the American dollar Keep spinning (USDIndex at 101.65) hotter UK inflation The data adds to more global concerns that underlying price pressures remain too high and that… beige book It did not provide evidence that credit conditions are being tightened significantly enough to get the Fed off the hook to take further action. The Federal Open Market Committee, the European Central Bank and the Bank of England Everything is about to rise in May, will the divergence follow in summer? Stores It was generally flat again, with some solid earnings (Abbott Labs +7.82% IBM, TSMC, and WAL +24.12%(some mixed (Morgan Stanley) some missed)#TSLAAnd -6% After hours). Asian markets fell as the People’s Bank of China left interest rates unchanged and New Zealand dollar Poor performance Inflation also cools significantly. Fed williams & Goolsby They reiterated that inflation remains “very high” and that the FOMC “will act.” European Central Bank Knot “It is too early to talk about a halt in raising prices.”
Overnight Reserve Bank of New Zealand Inflation measure For the first quarter of 2023 5.7% vs. 5.8%, German He walks PPI -2.6% against -0.5%.
- FX – USD spinning in 101.65And euro holds in 1.0970 And jPreparatory Year pushed to more 135.00 before he refuses 134.50. sstunned Got a big boost from inflation data and trades in 1.2470.
- Stores – US markets closed flat again (-0.23% to 0.03%) #US500 closed at 4154. – 500 USD futs in 4167 And below the main resistance at 4175.
- Goods – Lycel oil – Futures fell in $78.35 Today, after a 4.6 million barrel drop in inventories and weakness in Asian markets, gold – Keep sliding and testing $1,970yesterday before recovering to trade at 2000 dollars.0
- Digital currencies – BTC refuse who $30 kilos Yesterday’s level, broke 29 thousand dollars today.
today – US Weekly Claims, Existing Home Sales, Eurozone Consumer Confidence, ECB Meeting Minutes, Letters from Williams, Waller, Mister, Bowman & Bostic, ECB Lagarde Schnabel. gains Philip Morris, AT&T, American Express, Publicis, EssilorLuxottica, Renault and Nokia.
The largest forex engine @ (06:30 GMT) NZDCHF (-0.75%). It was breached from its highest level in two days 0.5580 yesterday to 0.5513 its lowest today. The moving averages aligned downwards, the MACD histogram and the signal line are negative and bearish, the RSI is 33.28 and level, H1 ATR 0.00101 daily ATR 0.00530.
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Stuart Coyle
Principal market analyst
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