USD & Yields Bid, Stocks Sink - Fed Hawk Bullard calls for 300-325 bp rate hikes this year. (3.5% year end rate). EUR & JPY pressured (worries over French election & weak over night data respectively).
#Stocks weak but closed flat for the day (NASDAQ -2.5% for the week so far) - Asian shares mixed & also lower for the week (Nikkei -3%). European FUTS higher.
#Yields perked up again, 3-day inversion over - with short-dated 2 & 5-yr rising while 30-yr flatten. OIL fell to new 3-wk lows before recovering and #GOLD ran to resistance before declining.
Today – Canadian Labour Market Report, ECB's Panetta.
Biggest FX Mover @ (07:30 GMT) #GBPUSD (-0.29%) Spike lower on London open to under 1.3050 new lows this week. Next support 1.30250. MAs aligned lower, MACD signal line & histogram lower & under 0 line, RSI 35 & falling, H1 ATR 0.00098, Daily ATR 0.00825.
#HFAnalysis #MarketNews #trading
