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[QUOTE="HFM, post: 206013, member: 32345"] [b]Date : 18th March 2022. Market Update – March 18 – BOE move, BOJ stay put – Stocks, Yields & Oil bounce.[/b] [URL='https://analysis.hotforex.com/wp-content/uploads/2020/08/daily-market-update.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2020/08/daily-market-update-696x364.png[/IMG][/URL] The [B]BOE[/B] raised rates as expected by 25 bps to 0.75% but were less clear about next steps, strong US data (Claims, Housing & Phily Fed Index) helped US [B]stocks[/B] ([B]+1.25)[/B] to close higher (best 3-day gain since 2020) again as the [B]USD[/B] cooled and [B]Yields[/B] & [B]Oil[/B] rallied (no immediate breakthrough in ceasefire talks). Overnight No change from [B]BOJ[/B] but [B]JPY[/B] Inflation finally perking up. Asian stocks positive ([B]Nikkei[/B] [B]+0.65%[/B]). [B]Japan[/B] & [B]Australia[/B] added sanctions, [B]Biden[/B] to call [B]Xi[/B], [B]Putin[/B] talked to [B]Erdogan[/B], [B]Blinkin[/B] said “war crimes have been committed in Ukraine”. [LIST] [*]USD ([B]USDIndex[/B] [B]98.12[/B]). Tested to 97.70 yesterday as weekly decline continues. [*][B]US Yields[/B] 10-yr up to 2.192% on close – down to 2.178% now. [*][B]Equities[/B] – USA500 +53.8 (+1.23%) and over 4400 to [B]4411. [/B]US500 FUTS flat at [B]4385[/B] now. Tech & Fin rallied (FB & AMZN +2.0%, TSLA +3.73%, Occidental + 9.47%) and Berkshire Hathaway A-Shares breached $500,000 each! [*][B]USOil[/B] – Rallied back over $100.00 yesterday. to test [B]$104.80 [/B](200HR MA) now. [*][B]Gold[/B] – rallied to test $1950 yesterday, from Wednesdays flirt with $1900, trades at [B]$1934[/B] now. [*][B]Bitcoin[/B] holds the break of [B]$40,000 [/B]yesterday, trades at [B]$40,600[/B] now. [*][B]FX markets[/B] – [B]EURUSD [/B]back to [B]1.1078, [/B]unable to hold breach of [B]1.1100, USDJPY [/B]testing [B]119.00 [/B]& new 5-year highs at [B]118.85 [/B]and [B]Cable[/B] having spiked over [B]1.3200 [/B]pre- BOE yesterday back to [B]1.3150[/B] now, from [B]1.3100.[/B] [/LIST] [B]European Open [/B]– The June 10-year Bund future is down -5 ticks, while US futures are posting slight gains. Gilts benefited yesterday from the [B]BOE’s[/B] [B]“dovish-hike”[/B], but after the initial move lower in yields, we could see some consolidation today. The [B]FTSE 100[/B] futures is posting modest gains, after local markets got a boost from a drop in Sterling yesterday. The [B]DAX[/B] is fractionally lower this morning as stagflation concerns make a come back. [B]Today [/B]– US Existing Home Sales, CBR Policy Announcements, [B]Quad Witching[/B], Speeches from Fed’s Barkin, Bowman & Evans. Call between US President [B]Biden[/B] and Chinese President [B]Xi.[/B] [URL='https://analysis.hotforex.com/wp-content/uploads/2022/03/2022-03-18_09-58-23.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2022/03/2022-03-18_09-58-23.png[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]AUDJPY (+0.52%) [/B]Rally continues after another big move yesterday from [B]84.60 [/B]lows Tuesday to test [B]88.00 [/B]now. MAs aligned higher, MACD signal line & histogram strong but cooling, RSI 73, OB but rising, H1 ATR 0.150, Daily ATR 0.980. [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] Click [url=https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html][b]HERE[/b][/url] to access the full HotForex Economic calendar. 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. Click [url=https://www.hotforex.com/en/trading-tools/trading-webinars.html][b]HERE[/b][/url] to register for FREE! [url=https://analysis.hotforex.com/][b]Click HERE to READ more Market news.[/b][/url] [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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