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[QUOTE="HFM, post: 236698, member: 46567"] [B]Market Update – Stocks & Treasuries tank, Oil down again. Yields bid, Stocks sink, EUR recovers, Oil lower – [/B]Treasuries dived into close on Friday and are down again to start the week, and all other markets are taking a lead from the pronounced move. Official confirmed BOJ will maintain loose monetary policy. [LIST] [*][B]Stocks[/B] were mixed on Friday (NASDAQ [B]-1.34%[/B]) weak in Asia (Covid & weak fixed income markets) & UK & European FUTS. down ([B]-0.2 to 0.6%[/B]). [*][B]Yields[/B] rally as curve steepens – US 10-yr now at [B]2.776%[/B]. [*][B]EUR[/B] picked up after French Election result. USD bid elsewhere. [*][B]USD[/B] bid especially vs. weaker JPY (over 125), AUD, CAD & NZD. [*][B]Oil [/B]down 2% – after addition reserves released from EIA countries. [/LIST] [B]Pope[/B] calls on Russian & Ukraine leaders to observe Easter truce. [B]Biden[/B] to meet [B]Modi[/B] and call for no increases in Russian oil imports, [B]Johnson[/B] met [B]Zelenskiy[/B] in Kiev, Zelenskiy praised [B]Scholz[/B] & Germany after meeting.[B] Putin[/B] replaces top field General, focuses on Eastern Ukraine, reports he sees victory within 4-weeks. [B]Overnight [/B]– [B]Chinese[/B] inflation leaps – [B]CPI 1.5%[/B] vs 1.3% & 0.9% previously,[B] PPI [/B]cools[B] 8.3%[/B]vs. 8.1% & 8.8% previously. Weak[B] UK [/B]GDP February m/m GDP +0.1% vs +0.3% m/m expected, other industrial data also missed, pressures Sterling. [B]Week Ahead – [/B]The second week of April has some key data releases topped by the rate decision from the [B]ECB[/B], supported by decisions & outlooks from [B]BOC[/B] & [B]RBNZ[/B]. Global [B]Inflation data[/B] from China, Germany, the UK & US, [B]US Retail Sales[/B] data and [B]Australian Jobs[/B] data will provide more guidance on the outlook. The week also the heralds the start of the [B]Q1 Earnings Season[/B] with [B]the major Wall Street banks all reporting[/B]. [LIST] [*][B]USDIndex[/B] rallied to new high [B]100.17[/B] since May 2020 on Friday, trades at 99.80 now. [*][B]US Yields[/B] 10-yr closed higher again at [B]2.713[/B], up again now to [B]2.77%.[/B] [*][B]Equities[/B] – [B]USA500[/B] -12 (-[B]0.27%[/B]) at [B]4488. – [/B]US500 FUTS [B]4476. [/B]Technology stocks & Consumer Discretionary led decline, & Energy led value stocks higher. TWTR -3.75% (ahead of Musk declining role on the board). [*][B]USOil[/B] – Trades at [B]$95.90 [/B]following rally to $98.00 on Friday and dip to $93.78[B], [/B]on Thursday. Oil markets lost over 3% last week. [*][B]Gold[/B] – gyrated from $1937 to $1950 on Friday, back to [B]$1945 [/B]now. [*][B]Bitcoin[/B] continued to decline from key 45k to trade at [B]42k [/B]support now. [*][B]FX markets[/B] – [B]EURUSD [/B]back to test [B]1.0900[/B] now from 1.0835 on Friday. [B]USDJPY [/B]breaks key 125.00 to trade at [B]125.20[/B] and [B]Cable[/B] sinks back to test [B]1.3000 [/B]as USD bid continues. [/LIST] [B]European Open [/B]– European stocks up from early lows. European stock markets started lower, but have started to find a footing. [B]DAX[/B] and [B]FTSE 100[/B] are still down [B]-0.19%[/B] and [B]-0.29%[/B] respectively, but the French [B]CAC 40[/B] is up [B]0.4%,[/B] against the background of easing election jitters after [B]Macron[/B] managed to beat [B]Le Pen[/B] in the first round of the presidential election yesterday. The two will now face each other in the final round on [B]April 24,[/B] but with the result looking somewhat clearer than some polls had suggested French stocks are looking brighter this morning. [B]Today [/B]– Speeches from Fed’s Williams, Bostic and Evans. [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]EURJPY (+0.99%) [/B]Recovering EUR and weaker JPY combine to push pair from 134.35 lows on Friday to [B]136.60[/B] now[B]. [/B]Next resistance 137.00 MAs aligned higher, MACD signal line & histogram higher, RSI 79.50, OB & rising, H1 ATR 0.254, Daily ATR 1.54. [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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