- FX – USDIndex rotates at 101.65, EUR holds at 1.0970 and JPY pushed to over 135.00 before declining to 134.50. Sterling got a big boost from the inflation data and trades at 1.2470.
- Stocks – US markets closed flat again (-0.23% to 0.03%) #US500 closed unchanged at 4154. – US500 FUTS are at 4167 and below the key resistance at 4175.
- Commodities – USOil – Futures tanked into $78.35 today following inventory decline of 4.6 million barrels and weak Asian markets, Gold – continued to slip, testing $1970, yesterday before recovering to trade at $2000.0
- Cryptocurrencies – BTC declined from the $30k level yesterday, breaking $29k today.
Today – US Weekly Claims, Existing Home Sales, EZ Consumer Confidence, ECB Minutes, Speeches from Fed’s Williams, Waller, Mester, Bowman & Bostic, ECB’s Lagarde & Schnabel. EARNINGS Phillip Morris, AT&T, American Express, Publicis, EssilorLuxottica, Renault & Nokia.
Biggest FX Mover @ (06:30 GMT) NZDCHF (-0.75%). Tanked from 2-day highs at 0.5580 yesterday to 0.5513 lows today. MAs aligned lower, MACD histogram & signal line negative & falling, RSI 33.28 & flat, H1 ATR 0.00101 Daily ATR 0.00530.
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Stuart Cowell
Head Market Analyst
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