Sentiment stabilised after a mostly gloomy session for stocks yesterday. Wall Street got a late boost. ASX underperformed in catch up trade after returning from holiday, though global growth fears stoked by China's strict COVID-19 curbs and an expected streak of aggressive FED tightening sapped risk appetite. Twitter jumped sharply on news Elon Musk finalized his purchase for some $44 bln. Treasury yields are up from early double-digit lows. UK reported GBP 13.1 bln deficit in March this year. #USDIndex remains on bid at 101.85 highs. #Oil prices dropped by 4% at $95.05 but added 0.89% to $99.42/barrel currently. #Gold dipped to $1890, more than 2-mth support.
Today focus turns to US Durable goods and Consumer Confidence.
Biggest FX Mover @ (07:30 GMT) #USDZAR (+0.94%) Breached 15.82. MAs still aligned higher, MACD signal line & histogram moving higher but very close to neutral zone, RSI 67 and rising, H1 ATR 0.05376, Daily ATR 0.2097.
#HFAnalysis #MarketNews #trading
