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[QUOTE="HFM, post: 233710, member: 46567"] [B]Date : 31st March 2022. Market Update – March 31 – Volatile Q1 Comes to a Conclusion. USD, Yields & Stocks (NASDAQ -1.21%) [/B]all dipped[B]. Oil [/B]tanked over[B] -6%[/B] – President Biden suggested releasing 180 mln barrels from US Strategic Reserve & [B]OPEC[/B] stand firm on no production increases. [B]Euro[/B] & [B]Yen[/B] continued recovery, [B]Gold[/B] lifted on weaker USD. [B]Yield curve[/B] extended it’s [B]inversion.[/B] ADP in-line at [B]455K[/B] ahead of NFP tomorrow, but Final Q4 GDP slipped a tick to [B]6.9%[/B] and German Inflation much hotter[B] (7.3%) [/B]than expected, the highest since 1981 when the German bank rate was 11.4% while the ECB hangs on to 0% currently. Asian markets traded cautiously at month-end following the weak lead from the US. [B]Overnight [/B]– Chinese PMIs sink in contraction for first time since 2020 – Manu. 49.5 vs. 49.9 & Services 48.4 vs. 53.2. [B]AUD[/B] Building Approvals & [B]JPY[/B] Housing Starts both [B]big[/B] beats. [B]German[/B] Retail Sales fell significantly (0.3% vs 1.4%) [B]UK[/B] Final Q4 GDP beats at 1.3% vs 1.0% (2021 final reading 6.6%) House Price Inflation much higher than expected (1.1% vs 0.5%). [LIST] [*]USD ([B]USDIndex[/B] [B]97.88[/B]). Dipped further to test 97.70 yesterday before recovering. [*][B]US Yields[/B] 10-yr closed at [B]2.358%[/B] , now back to [B]2.349%.[/B] [*][B]Equities[/B] – [B]USA500[/B] -29.15 ([B]–0.63%[/B]) at [B]4602. [/B]US500 FUTS [B]4602 [/B]now too from 4622. [B]APPLE[/B] ([B]-0.66%[/B]) broke 11-day run looks to move into Fin. Services, use Chinese chips, [B]HOOD[/B] –[B]8.49% & AMC[/B] –[B]12.77%[/B] continue [B]meme stock volatility. Lululemon (+9.58%) [/B]following good Earnings this week. [*][B]USOil[/B] – Touched [B]$100.65[/B] after Biden news broke, but has recovered to [B]$102.40[/B]. [*][B]Gold[/B] – rallied to [B]$1937[/B] yesterday, before falling back to [B]$1922[/B] now. [*][B]Bitcoin[/B] holds onto gains over 45K to trade at [B]47.0k [/B]now. [*][B]FX markets[/B] – [B]EURUSD [/B]rallied to 1.1185 earlier, back to test [B]1.1165 [/B]now, [B]USDJPY [/B]holds at [B]122.00 [/B]now from 121.30 lows yesterday as BOJ continue to defend JGB yield ceiling. [B]Cable[/B] back to [B]1.3130 [/B]now. [/LIST] [B]European Open [/B]– The June 10-year Bund future is down -15 ticks at 157.01, US futures are little changed. [B]DAX and FTSE 100[/B] futures are fractionally higher. [B]Today [/B]– Month & Quarter End Balancing, German Unemployment, US Weekly Claims, [B]PCE Price Index[/B], OPEC+ Meeting, Speeches from Fed’s Williams, ECB’s Lane & de Guindos. [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]EURAUD (+0.44%) [/B]Continues to rally off 4.5 year lows at [B]1.4535[/B] on Monday. Next resistance 1.5000. MAs aligned higher, MACD signal line & histogram higher but cooling, RSI 70 & rising, H1 ATR 0.0021, Daily ATR 0.152. [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 Head 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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