the American dollar It continues to spin (USDIndex at 101.60) as the PMI data surprised to the upside (the Composite hit an 11-month high) and added to a 25 basis point rise (CME Fed Funds Futures 89%) Next week’s forecast from the Federal Open Market Committee. Treasury bonds Rose and 2/10 yield curve is now 60 baby mirrored. Stores Closed flat 10.4% JPY slide after Ueda Do not propose any policy change this week. Australian dollars & New Zealand dollar minimum. oil It continues to decline and USOil is below $77.00And gold in $1,980 Since the US dollar holds the returns and they remain bids, & BTC Now under $28k, -9.00% Since last Monday.
Overnight United kingdom a house Price inflation cooled to 0.2% from 0.8%. #BBBY bankruptcy files.
- FX – USD It continues to rotate but is biased upwards, trading at 101.50, euro tested 1.1000 area again earlier, back to 1.0985 now. jPreparatory Year Back to the tests 134.50 from 133.50 Lows on Friday and Sterling pound Holds up 1.2400 up from its lowest point 1.2370 Friday.
- Stores – US markets closed flat (+0.07% to 0.11%) (# the barrell -10.00% (Chile nationalizes lithium production) & #AMZN +3.03% (analyst upgrade) & Procter & Gamble +3.46% (win profits) #US500 Closed +3.73 (0.09%) at 4133. – 500 USD FUTS lower today at 4135 And below the main resistance at 4175 and 4150. Microsoft, Meta, Amazon, Google, and Intel All report this week. Five major tech stocks accounted for more than 65% of the S&P500’s gains (7%) this yearAnd See this space. Top tech bulls in Wedbush Guarantees They are looking for upside surprises from the tech majors, with an eye on cost cutting, job layoffs and AI updates.
- Goods – Lycel oil – Futures fell again today, under $77.00 to test $76.70 With recession fears mounting, gold – Keep sliding too, and testing 1971 dollars On Friday and back to 1981 dollars now.
- Digital currencies – BTC Key hacked $28k Friday for the test $27.2k lowest, back to 27.6 thousand dollars today.
today – Australia and New Zealand are closed for ANZAC Day. ifo germanSpeeches from Panetta and de Guindos from the European Central Bank, earnings Coca-Cola, Credit Suisse (CHF61.2 billion withdrawn in Q1 as depositors and investors exit).
The largest forex engine @ (06:30 GMT) EURAUD (+0.29%). It continued its gains from Friday’s rally 1.6250 to 1.6460 now. Moving averages aligned up, MACD histogram and signal line positive but flat, RSI 73.26, OB but also flat, H1 ATR 0.00171 daily ATR 0.01211.
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Stuart Coyle
Principal market analyst
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