stock Markets rose slightly, with sentiment stabilizing somewhat after a weaker close on Wall Street. Bank concerns persist, and gains have been modest. EGB returns rise in early tradingwith a poor performance in the short end. Bonds rose Yesterday, though ECB rate hikehe Lagarde’s insistence It wasn’t the last. Markets are speculating on a quick rate reversal in the US and wondering how long ECB policy could deviate from Fed expectations, but with Treasury returns As it rose this morning, the rally in bonds has stalled for the time being. German Manufacturing orders fell 10.7%. Chinese Factory activity contracted unexpectedly in April.
Markets are still digesting several drivers ahead of today’s NFP report, particularly the policy stances of the FOMC and ECB, along with deepening tensions over the regional banking system.
- FX – USD It is within yesterday’s trading range, currently at 100.94, Where data on productivity, labor costs, and claims suggest that the Fed may not be done. yen settled in 134.00. EURGBP Dive this morning to 0.8740while cable break it 1.2600 high.
- Stores – the 500 USD was off -0.72%And the United States 30 was down -0.86% And US 100 slid –0.46%. apple It found strength in India where overall sales declined for the second consecutive quarter. #APPLE + 2.49%. #Western Alliance -38.45% + 9.62% after the close. # First Horizon -33.16% and +4.47% after working hours. Shares of First Horizon sank after the cancellation of its $13.4 billion merger with TD Bank in Toronto. The Western Alliance ended the day down 38% after denying a report that it was exploring strategic options, including a possible sale. ASX And Nikki It managed gains of 0.4% and 0.1%, respectively. Hang Seng It is currently up 0.5%.
- Goods – USOil rose to $69.37 With the end of the week. This week it is down 10% and UKOIL shares are down 8.1%.
- gold – Holds gains above 2040 USD, As the latest news about PacWest and Western Alliance and the decrease in Chinese and German factory demands prompted investors to turn to the yellow metal.
The largest forex engine @ (06:30 GMT) GBPCHF (+0.55%) breaks the 50-day simple moving average. Align moving averages up. MACD histogram and signal line are configured positivelyStochastic is rising and the RSI is at 78. ATR (H1) is at 0.00128ATR (D) at 0.00702.
click here To access our economic calendar.
Andrea Pechedy
Market analyst
Disclaimer: This material is provided as general marketing communication for informational purposes only and does not constitute independent investment research. Nothing in this communication contains, or should be deemed to contain, investment advice, investment recommendation or solicitation for the purpose of buying or selling any financial instrument. All information provided is collected from reputable sources and any information containing an indication of past performance is not a guarantee or a reliable indicator of future performance. Users acknowledge that any investment in leveraged products is characterized by a certain degree of uncertainty and that any such investment involves a high level of risk for which the Users are solely responsible. We accept no liability for any loss arising from any investment made based on the information contained in this communication. This communication must not be reproduced or distributed again without our prior written permission.