Big bank Earnings disappointed on Friday, the USD recovered from 8-week lows and Fed speakers continued to worry about inflation as hawkish tones increased. USD (USDIndex 95.20) holds on to gains from Friday. US Yields 10-yr moved higher to 1.772% Equities - USA500 +3.82 (+0.08%) at 4662 as Financials weighed - JPM (-6.15%) Blackrock (-2.19%). USA500 FUTS lower at 4652. USOil – Spiked over $84.00 as markets look beyond Covid, Gold - settled at $1816 from a test of 1830 again. Now at $1822. Bitcoin support once again at $42,000, Friday, back to 42,800 now. FX markets - EURUSD back to 1.1465, USDJPY now 114.40 at 115.85, Cable back to 1.33680. Overnight - Chinese GDP & Ind. Prod. beat expectations, Retail sales missed. Week Ahead - BoJ, UK Inflation, AUD jobs & Earnings from GS, BAC, MS, P&G, & Netflix.
Today – Little data from Europe & US closed.
Biggest FX Mover @ (07:30 GMT) CADJPY (+0.34%) Rallied from 90.50 lows on Friday to 91.37 (Friday’s high) now. MAs aligned higher.
