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[QUOTE="HFM, post: 238870, member: 46567"] [B]Date : 18th April 2022. Market Update – April 18. USD[/B] boomed, breaching 100.70, [B]Yields[/B] rallied significantly, [B]Stocks[/B] sank amid thin trade into holiday-extended weekend. The potential aggressive 50 bp rate hikes from the FOMC in May, and likely June too, kept markets cautious. [B]China’s PBoC announced a 25 bp reduction in the reserve requirement ratio[/B] (RRR) for big banks, and 50 bp for smaller banks, on the heels of Wednesday’s call from the State Council for such action. It will take effect on April 25. China’s GDP expanded by 4.8% in Q1. [B]USDJPY[/B] had a short lived rally this morning to [B]126.78[/B], before both Bank of Japan Governor Haruhiko Kuroda and Finance Minister Shunichi Suzuki voiced concerns. –[B][I] “Kuroda made clear on Monday that while a weak yen could impact corporate profits, it was premature to debate any exit from that easy policy.”[/I][/B] [LIST] [*][B]Stocks[/B] lower ([B]NASDAQ[/B] at [B]4360.88[/B]) Nikkei closed down 1.08% at [B]26,799.71 on Monday[/B] with US, China and Japan the only ones open today. [*][B]USDIndex[/B] retests [B]100.70 [/B]highs. [*][B]Equities[/B] – [B]USA500[/B] at [B]4360 lows.[/B] [*][B]Oil [/B]gapped up to [B]$108.54 [/B]over supply concerns again as Libya halted operations at El Feel oilfield due to protests, and US oil drilling, output moving higher with energy prices. [*]Gold spiked to $[B]1990[/B] – Thin liquidity, firm yields risk aversion? [*][B]Bitcoin[/B] sank to [B]38,444[/B]. [*][B]FX markets[/B] – [B]Yen 10% [/B]weaker since beginning of March.[B] EURUSD [/B]steady below [B]1.0800 (2-year lows)[/B], [B]Cable[/B] tumbled at [B]1.3017, AUDUSD [/B]near 1-month low at [B]0.7350 (breaking 50-day SMA).[/B] [/LIST] [B]Today [/B]– Comments from Fed Chair Powell, BOE Bailey and ECB President Lagarde on Thursday will be interesting but we do not expect any new ground to be broken. There is little on this week’s calendar data-wise and today’s slate has just the NAHB housing market index. There is Fedspeak from Bullard. [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]XAGUSD [/B](+1.40%) Breached R1 at 25.90. MAs aligned higher, MACD signal line & histogram moving higher, RSI 58 but flattenning, H1 ATR 0.1021, Daily ATR 0.556. [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 Pichidi 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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