Stocks tanked (NASDAQ worst again -2.18%) Weak in Asia (Nikkei -1.72%) & UK & European FUTS lower (0.2 to 0.6%).
Yields rally as curve steepens - US 10-yr now at 2.824%.
#EUR fell again after minor rally following French Election result. USD bid elsewhere.
#USD bid especially vs. weaker JPY (over 125.50), AUD, CAD & NZD.
#Oil recovered from key support, up over $4/barrel as Shanghai eases some lockdowns.
Today – US CPI (1.2% m/m 8.4% Y/Y) - but watch the CORE figures for any sign of actual weakness. Speeches from Fed's Barkin & Brainard.
Biggest FX Mover @ (07:30 GMT) #AUDCHF (+0.47%) Recovering from 4-day decline to below 0.6900 at 0.6893 earlier to 0.6935 now. Next resistance 0.6950 & 0.6970. MAs aligned higher, MACD signal line & histogram moving higher but below 0, RSI 56.50 & rising, H1 ATR 0.00105, Daily ATR 0.00685.
#HFAnalysis #MarketNews #trading
