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[QUOTE="HFM, post: 207076, member: 32345"] [b]Date : 14th April 2022. Market Update – April 14 – “Peak Inflation?” & Ms. Lagarde.[/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] [B]Yields [/B]stabilized lower, [B]USD[/B] cooled significantly and [B]Stocks[/B] bounced back. [B]BOC[/B] added 50 bp to their base rate and warned of more to come. [B]USDCAD[/B] sank from [B]1.2675[/B] down to sub [B]1.2500[/B]. [B]USDJPY[/B] hit a 20-year high over [B]126.00.[/B] [B]US[/B] [B]PPI[/B] lifted to all-time highs ([B]11.2%[/B]) following 40-yr highs for [B]CPI[/B] ([B]8.5%[/B]) on Tuesday. All 13 measures of [B]UK Inflation[/B] were higher than expected with [B]CPI[/B] at 30-yr highs ([B]7.0%[/B]) and a strong [B]CORE[/B] (ex. Fuel & Food) at [B]5.7%, RPI 9.0% [/B](important for wage settlements) and [B]PPI[/B] 19.2%. [LIST] [*][B]Stocks[/B] higher ([B]NASDAQ[/B] [B]+2.0%[/B]) Asia markets stronger too ([B]Nikkei[/B] [B]+1.18%[/B]) & UK & European FUTS also higher [*][B]Yields[/B] rally cooled further, 10-yr closed at [B]2.69%[/B] & now at [B]2.712%[/B]. [*][B]USDIndex[/B] cooled from [B]100.50 [/B]highs & trades 99.60 now. [*][B]Equities[/B] – [B]USA500[/B] +49 (+1.12%) at [B]4446. – [/B] US500 FUTS [B]4452. [/B]Delta Airlines [B](+6.21%), [/B]AAL[B] (+10.62%). [/B]JPM[B] (-3.22%) [/B]a miss for Trading volumes. Big Tech bounced (AMZN [B]+3.15%[/B]) [*][B]Oil & Gold [/B]continued to recover and hold over [B]$103 & $1975 [/B]respectively. [*][B]Bitcoin[/B] recovered from 39k zone on Tuesday to [B]41k [/B]now. [*][B]FX markets[/B] – [B]EURUSD [/B]recovered from [B]1.0808[/B] lows (5-wk+ lows) to now [B]1.0915.[/B] [B]USDJPY [/B]cooled from [B]126.30 [/B]20-yr high to trade at [B]125.40[/B] and [B]Cable[/B] recovered from [B]1.2972 [/B]lows to [B]1.3140[/B] now. [/LIST] [B]Biden[/B] announced an additional $800 million in military assistance to Ukraine, (brings total to 2.5bn). [B] Xi[/B] says sticking to tough COVID curbs will bring victory. Markets not convinced. [B]PBOC[/B] rate[B] cut[/B] imminent? [B]Japan Fin Min[/B]. says country has not emerged from deflation, & [B]76%[/B] of Japanese business worried about the weak YEN damaging the economy. [B]Finland & Sweden[/B] on brink of NATO membership. [B]Sri Lanka[/B] about to default on debt, first of many low income nations? [B]Overnight [/B]– More peak inflation news ?? [B]AUD [/B]job growth missed (17.9k vs 30.0k & 77.4k last time) & Unemployment rose (4.0% vs 3.9% & 3.9%). [B]CHF[/B] PPI missed and UK House Inflation also slipped. [B]ECB[/B] [B][U]Preview[/U] [/B]– [B]Record high inflation[/B] and [B]hawkish comments[/B] from some council members have left markets positioned for [B]at least one rate hike from the ECB later in the year.[/B] However, with no sign that the war in Ukraine will be over any time soon and the sanctions against Russia already starting to cloud over the growth outlook, we suspect that chief economist [B]Lane[/B] will want to keep a lid on tightening expectations today. Lane already warned against an “overreaction” to the surge in inflation and that the initial inflationary pressure from a supply shock “should decline over time”. He also highlighted the “significant risks to growth” from the war in Ukraine and the sanctions against Russia, while saying that “the best way that monetary policy can navigate this uncertainty is to emphasize the principles of [B]optionality, gradualism and flexibility[/B]“. [B]Lane[/B] is also keeping a close eye on spreads as the end of the PEPP program last month has kept peripheral vulnerable to bouts of risk aversion and even suggested that the PEPP program could be revived if necessary. Judging by ECB data released yesterday, the ECB has already blown much of the monthly APP purchases over the first two weeks of the month, clearly also in an attempt to keep a lid on yields and [B]Lane[/B] will likely be arguing against an overly hawkish signal today that would further fuel rate hike speculation. That means the event risk is a more balanced statement than markets currently expect. – [I]Action Economics[/I] [B]Today [/B]– US Weekly Claims, [B]Retail Sales[/B], Business Inventories & UoM Sentiment, [B]ECB[/B] & [B]CBRT[/B] [B]Policy Announcements[/B], ECB’s [B]Lagarde[/B], Fed’s [B]Harker[/B] & [B]Mester, Earnings[/B] from [B]Morgan Stanley, Goldman Sachs[/B] and UnitedHealth. [URL='https://analysis.hotforex.com/wp-content/uploads/2022/04/2022-04-14_09-53-56.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2022/04/2022-04-14_09-53-56.png[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]NZDUSD[/B] (+0.50%) Recovered from [B]0.6756 [/B]lows following RBNZ announcement, to close at [B]0.6796, [/B]testing [B]0.6830 [/B]now. Next resistance 0.6850 & 0.6875. MAs aligned higher, MACD signal line & histogram moving higher & over 0, RSI 64 & rising, H1 ATR 0.00099, Daily ATR 0.00703. [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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