the American dollar Alternately (USDIndex at 101.60) as Fedspeak (all five mantras were “inflation is still too high”) and fundamental data (existing home sales, leading indicators, Philly Fed and weekly claims) all conspired to dampen sentiment and stoke recession fears once again, as Uncertainty rules. Treasury bonds rose and Stores closed , (#TSLAAnd -9.75% & #AT&T -10.4% losers led). Europe closed at its lowest levels, Asian markets also lower, JPY Gets higher before the Bank of Japan next week with Australian dollars & New Zealand dollar minimum. Oil continues to drop and is heading for a large weekly loss. gold under $2k & BTC the exams $28k Back down -7.85% this week.
Overnight Australian dollars PMI data for April; manufacturing failure rejected (48.1 out of 49.1) & repeatsMain lines are already shrinking and worsening, and services have improved (52.6 vs. 50.7). United kingdom Consumer confidence I was surprised and got a high of 14 months (-30 from -35Winter fuel bills out of the way?) March retail sales Missing -0.9% vs. 1.1%.
- FX – USD spinning in 101.50And euro down 1.0935 And jPreparatory Year under pressure 134.00 for support prior to recovery. Sterling pound Are youunder 1.2400 in 1.23900.
- Stores – US markets closed lower (-0.33% to -0.80%) #US500 Closed -24.73 (0.60%) at 4129. – 500 USD futs in 4146 And below the main resistance at 4175 and 4150.
- Goods – Lycel oil – Futures fell in $77.00 Today with growing recession fears, gold – Keep sliding and testing 1981 dollars today.0
- Digital currencies – BTC retreat from $30 kilos The level continues, the test $28k today.
today – UK retail sales, Eurozone, Flash PMIs for UK and USSpeeches by Cook and Harker of the Federal Reserve and Elderson and De Guindos of the European Central Bank. earnings From Kering & SAP.
The largest forex engine @ (06:30 GMT) AUDJPY (-1.06%). Tanks from the follow-up to the PMI and before the Bank of Japan next week, from 90.77 yesterday to less than 89.50 today. Moving averages aligned down, MACD histogram and signal line negative and down, RSI 22.75, OS but still bearish, H1 ATR 0.169 Daily ATR 0.8000.
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Stuart Coyle
Principal market analyst
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