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[QUOTE="HFM, post: 245632, member: 46567"] [B]Date : 11th May 2022. Market Update – May 11 – All About the Inflation Outlook. USD[/B] holds at highs and on standby for [B]US CPI[/B] later, [B]Stocks[/B] stalled their recent declines, [B]Yields[/B] cool a tad as talk of Treasury rout also cools with 10-yr back under [B]3.00%.[/B] [B]Oil[/B] paused its 9% slump on EU Oil ban and OPEC talk of capacity issues. [B]Gold[/B] under $1850. Asian shares off 2-year lows ([B]Nikkei[/B] [B]+0.18%[/B]). Chinese Inflation hotter than expected, Biden supports FED actions, more Fed members talk rate hikes, NZ housing market shows signs of cooling. US House of Representatives approves $400bn support package for Ukraine as US intelligence chief talks of Putin preparing for “long war”. [LIST] [*][B]USDIndex[/B] remains under [B]104.00[/B] but holds its bid trading at 103.75 now. [*][B]Equities[/B] – [B]USA500[/B] +9.81 ([B]0.25%[/B]) at 4001.05, US500FUTS at [B]4015 [/B]now. [B]Peloton[/B] -8.7% @ $12.70 (ATH was $171), [B]COIN[/B] -12.6%,[B] TSLA[/B] +1.64%, [B]TWTR[/B] -1.64% ([B]Musk[/B] would allow [B]TRUMP[/B] back). [B]APPLE[/B] (+1.61%) retired the iPod after 21 years. [*][B]Yields[/B] cooled -10-yr closed at [B]2.993%, [/B]below key [B]3.00% [/B]level. Trades down over 1.5% today at [B]2.98%.[/B] [*][B]Oil & Gold [/B]both had weak & volatile sessions – [B]USOil[/B] tested down to [B]$98.00 [/B]before reversing to [B]$102.20[/B] [B]Gold[/B] slumped from [B]$1865 [/B]to [B]$1830 [/B]earlier and struggles at [B]$1845[/B] now. No safe-haven bid. [*][B]Bitcoin[/B] languishes at [B]$31K[/B] now, over 50% down from ATH and -35% YTD [*][B]FX markets[/B] – [B]EURUSD [/B]up from 1.0500 to [B]1.0545, USDJPY [/B]holds over [B]130.00, [/B]at [B]130.25[/B] and [B]Cable[/B] continues to struggle at [B]1.2335. AUD[/B] outperformed in Asia. [/LIST] [B]Overnight – [/B]CHINA CPI & PPI hotter than expected, ([B]2.1%[/B] vs 1.5% & [B]8.0%[/B] vs 7.8%) respectively. JPY leading Indicators better than expected & German M/M CPI in-line at [B]0.8%. [/B]ECB’s Müller: Appropriate to raise rates into positive territory by year-end. Fed’s Waller & Mester more hawkish. (Mester talked of going beyond neutral) [B]Today – US CPI[/B], Speeches from Fed’s Bostic, ECB’s [B]Lagarde[/B], Schnabel, Elderson, de Cos, Centeno, Vasle & Muller. [B]Earnings[/B] from Ubisoft, Siemens Energy, Poste Italiane, E.ON, Continental, ITV, Compass & Beyond Meat. [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]AUDUSD[/B] (+0.42%) Rallied from lows at 0.6910 yesterday to 0.6970 now, next resistance 0.6980 and 0.7000 today. MAs aligning higher, MACD signal line & histogram moving higher & testing 0 line, RSI 56 & rising, H1 ATR 0.0016, Daily ATR 0.011. [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 HFMarkets 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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