Stock markets crushed into close; NASDAQ led the fall (-3.74%) after abysmal META (-26.39%) earnings. More mixed PMI data, and Hawkish surprises from BoE (25bps rise but more to come as 4 of 9 members wanted 50bps) & ECB (dovish statement but Hawkish Lagarde press conference - end of stimulus & rate hikes as early as September?). Asia markets higher following blockbuster AMZN (+15% after hours) earnings. USD tanked & Yields & Oil rallied & Gold holds over $1800. Biden: Russia plotting fake invasion pretext, kills head of ISIS. Johnson: 4 top aides all resign in one day. Winter Olympics kick-off. Putin expected to meet Xi.
Today – EZ/UK Construction PMI, EZ Retail Sales, US & Canadian Labour Market Reports. Earnings Carlsberg, Sanofi, Bristol-Myers, and AON.
Biggest FX Mover @ (07:30 GMT) EURAUD (+0.59%) Rallied from key 1.5800 Wednesday to over 1.6100 now. MAs aligned higher, MACD signal line & histogram levelling off but well over 0 line, RSI 80 & OB, H1 ATR 0.0024 Daily ATR 0.0120.
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