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[QUOTE="HFM, post: 231171, member: 46567"] [B]Date : 24th March 2022. Market Update – March 24 – Stocks come back? Treasuries recovered yesterday after some hefty losses in recent sessions pushed some rates up to the cheapest levels since May 2019.[/B] Reports of big inflows into Treasuries from quarterly portfolio rebalancing supported the rally, as did a stellar 20-year sale. And buying begot more buying to leave rates measurably lower. Today there is a somewhat different picture than yesterday, as [B]bonds[/B] rallied across the board and [B]stocks[/B] traded mixed. [B]Japanese[/B] markets corrected some of this week’s stellar gains after the minutes to the latest [B]BoJ[/B] meeting showed officials flagging the risk of overshooting inflation. Oil prices are consolidating at high levels, as the [B]Ukraine war[/B] drags on. For Europe, [B]Putin’s[/B] demand that [B]future gas deliveries should be paid in rubles raised the risk of imminent embargoes,[/B] as it may force the west to break its own sanctions. Energy prices will remain high then, putting [B]pressure on governments[/B] to ease the burden for consumers and complicating the outlook for central banks. The [B]UK budget[/B] was based on a sharply lower growth projection and a markedly higher inflation forecast and more revisions could well be necessary. [LIST] [*][B]USD up [/B]([B]USDIndex[/B] [B]98.88[/B]). [*][B]10-year Bund[/B] future is slightly higher, while the Treasury future is down 8 ticks, and in cash markets the[B] US 10-year rate[/B] has lifted 4.7 bps to[B] 2.339%[/B]. [*][B]Equities[/B] – Tencent Holdings Ltd reported its slowest pace of quarterly growth on record, which kept a lid on the Hang Seng. In the ASX there were gains for miners and others benefiting from stronger commodity prices. DAX and FTSE 100 futures up 0.1% and a 0.5% rise in the NASDAQ is leading US futures higher. [*][B]USOil[/B] – consolidated at high levels and USOIL is now at $114.89 after posting a high at 116.62. [*][B]Gold[/B] – ranging at [B]$1943.[/B] [*][B]Bitcoin[/B] up, retesting the [B]$43,500 [/B]resistance level again. [*][B]FX markets[/B] – [B]EURUSD [/B]down to [B]1.0974, USDJPY [/B]extends to[B] 121.73 [/B]and [B]Cable[/B] steady at yesterday’s low, at [B]1.3179.[/B] [/LIST] [B]Today [/B]– SNB and Norges Bank are set to announce policy today, with the latter seen delivering another rate hike. Data releases include preliminary PMI reports for the Eurozone, UK and US, along with Durable goods. [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]USDCHF (+0.32%) [/B]Rebounded to 0.9344. Fast MAs aligned higher, RSI at 60 and Stochastic at OB, while MACD remains negative. H1 ATR 0.00088, Daily ATR 0.00658. [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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