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[QUOTE="HFM, post: 229946, member: 46567"] [B]Date : 21st March 2022. Market Update – March 18 – BOE move, BOJ stay put – Stocks, Yields & Oil bounce. Risk aversion continues to dominate as Russia’s attack intensifies and hopes of resolution through talks fade.[/B] Stagflation concerns and the longer term impact on the recovery are keeping a lid on stock markets and complicating the outlook for central banks. The [B]BoE[/B] managed to pull off a “dovish rate hike” last week, [B]China’s central bank kept lending rate unchanged in line with expectations, while[/B] [B]SNB[/B] is expected to keep policy settings on hold this week. At the same time,[B] China’s lockdown in the tech hub of Shenzhen threatens to lead to ongoing delays in long awaited deliveries. German PPI inflation hit 25.9% y/y[/B] in February – sharp rise in cost pressures even before the impact of the Ukraine war had really taken hold. Energy price inflation hit [B]68.0[/B]% y/y. [B]No surprise that many at the ECB are getting nervous, especially as the risk of rising wage pressures is mounting.[/B] [LIST] [*][B]USD steady[/B] ([B]USDIndex[/B] [B]98.30[/B]) [*][B]Equities[/B] – After PBOC, Asian shares were down. ASX was down -0.2% at the close, while Hang Seng and CSI 300 are currently posting losses of -0.9% and -0.2% respectively. US futures are also in the red, after [B]the strongest week since November 2020. GER40 [/B]and [B]UK100 [/B]futures are down -0.2% and -0.02% respectively. [*][B]USOil[/B] – Rallied to [B]$108.80[/B] – attacks by Iran-backed rebels on energy facilities in Saudi Arabia pushed up prices. [*][B]Gold[/B] – remains under pressure at $1925. [*][B]Bitcoin[/B] holds the break of [B]$40,000 [/B]yesterday, trades at [B]$41,055[/B] now. [*][B]FX markets[/B] – [B]EURUSD [/B]back to [B]1.1050, [/B]unable to hold breach of [B]1.1100, USDJPY [/B]at [B]119.20 [/B]and [B]Cable[/B] pullback to [B]1.3155.[/B] [/LIST] [B]Today [/B]– There are a number of ECB and BoE speakers scheduled this week that could attract attention in nervous markets. PMI reports in particular will be in focus in light of Ukraine tensions and the pick up in energy prices. [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]USOIL (+4.03%) [/B]Rally continues to 109.36, reversing 50% of March losses. Fast MAs aligned higher, MACD signal line & histogram strong, RSI 79 and rising, H1 ATR 0.87, Daily ATR 9.25. [B]Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report.[/B] Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. [B]Andria PichidiCowell Market Analyst HotForex Disclaimer:[/B] This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. [/QUOTE]
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