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[QUOTE="HFM, post: 232449, member: 46567"] [B]Date : 28th March 2022. Market Update – March 28 – Yen, Oil & Stocks Dive as BOJ Remains “Ultra Loose”. BOJ [/B]announced unlimited [B]bond[/B] buying policy, but yields still rose and [B]YEN[/B] crashed, pulling down [B]Asian stock[/B] & [B]Oil[/B] markets, also hit by a strict [B]11-day lockdown[/B] in [B]Shanghai[/B] (27 mill.). The US Treasury 5-to-30-yr yield curve has [B]inverted[/B] for the first time since 2006, history suggests slowdown & possible recession. US 10-yr back over [B]2.5%.[/B] [B]USD[/B] bid. [B]APPLE[/B] talks of long-term subscription model moving away from selling products, as it reduces supply of iPhone SE & AirPods. [B]Biden & Blinkin[/B] “clarify” – “Putin cannot remain in power” comments, [B]Zelensky[/B] talks of neutrality but insists on geographic integrity, walking back earlier comments. Russian & Ukrainian negotiators to meet in Istanbul later. [B]Israel[/B] hosts 4-Arab states & Blinkin, [B]NK[/B] tests more ICBM’s. Japan tightens FX laws and Crypto loopholes to sanction Russia. [B]Week Ahead[/B] – US [B]NFP (380k),[/B] US, UK and Canada [B]GDP[/B] and many central bankers’ speeches. [LIST] [*]USD ([B]USDIndex[/B] [B]99.14[/B]). closed Friday 98.85. [B]Friday’s US data weak[/B] (Pending Home Sales at 2-yr low & Consumer Sentiment at 11-yr low) [*][B]US Yields[/B] 10-yr up to [B]2.53%[/B] currently & new 3-yr highs, from Friday’s close 2.492% [*][B]Equities[/B] – USA500 +22.90 (+0.51%) [B]4543. [/B]US500 FUTS now at [B]4519 [/B]now. (Closed up +1.8% last week – [B]Nasdaq[/B] best performer last week +2.0%. [*][B]USOil[/B] – Fell to start the new week to [B]$108.94[/B] now – from Friday’s close at $112.50 [*][B]Gold[/B] – slipped to [B]$1935[/B] now, from Fridays close at $1955. [*][B]Bitcoin[/B] breaks up 4.4% from the 42k-45K range to [B]$46,800 [/B]now. [*][B]FX markets[/B] – [B]EURUSD [/B]back to test [B]1.0950, [/B]unable to hold breach of [B]1.1000, USDJPY [/B]over [B]123.00 [/B]& new 7-year highs and [B]Cable[/B] back to [B]1.3130[/B] now, from over 1.3200 [B]on[/B] Friday. [/LIST] [B]European Open [/B]– The June 10-year Bund future is down -78 ticks at 157.87, underperforming versus Treasuries. A lockdown in Shanghai weighed on the CSI overnight and left oil prices lower, while the Ukraine war’s drag on Europe’s energy costs is set to remain extremely high, with the resulting spike in the cost of living hitting consumers and consumption trends in many countries. In the UK that has already become apparent and last week’s budget offered not enough relief to soothe concerns. [B]DAX and FTSE 100[/B] are up [B]0.056% and 0.054%[/B] respectively at the moment. A cautious start for stocks then into a data heavy week that brings the final round of Eurozone confidence numbers for March and preliminary inflation reports that are likely to look ugly. [B]Today [/B]– ASEAN summit, US 2yr and 5yr supply, Trade Goods Balance & US Inventories. Speech from BoE Governor [B]Bailey. Biggest FX Mover[/B] @ (07:30 GMT) [B]AUDJPY (-0.98%) [/B]Big move against JPY today, continues trend of weaker YEN. MAs aligned higher, MACD signal line & histogram strong but cooling, RSI 71, OB but rising, H1 ATR 0.281, Daily ATR 1.120. [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]Stuart Cowell 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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