🌎Asia stocks boosted by fresh China stimulus measures
🇪🇺EU stocks in red weighed by mixed US Big Tech earnings ahead of ECB
📉Alphabet (-6% after-hours) sales beat damped by cloud computing miss
📈Microsoft’s (+4% after-hours) unexpected rebound in Azure cloud growth lifted shares
📉Snap Inc. experienced operating and net losses
📈Santander net profit rose 20% on record-high interest rates
🏦FED: PMIs kept Fed rate hike through January 31 possible
💲USDIndex returned above 106
AUDUSD jumped after hotter-than-expected inflation lifted next month's RBA rate hike forecasts
BTCUSD +15% this week
🛢USOIL steadied today at key 4-mth support trendline amid signs Israel-Hamas war will remain contained for now. $83 key hurdle
🧈Gold holds gains above $1970
🔜Today: IFO business climate, BOC rate decision, US new home sales, IBM & Meta
👉Key Mover: USDCAD broke descending trendline from the draw tops of 1.3977 and 1.3861
XAUUSD is up 3% the past 5 days🚀
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Stay updated on the upcoming market moving events and plan your trades accordingly🗓
Check our Economic Calendar for more!
Market Update – October 19 - Stock markets pressured, as bond yields rise
🌎The Gaza hospital explosion Tuesday and the failure of diplomatic efforts to bring all sides together for negotiations added to the increasingly tense tone and threat of a widening in the conflict
Stock markets have remained underwater through the Asian session and European & US futures are in red
💲USDIndex has lifted to 106.6, VIX jumped 8.4% to 19.38
🛢USOIL prices off highs, after US suspended some Venezuelan output sanctions, but still holding support well above $86
🧈Gold up 1.38% to $1963
🔜Today: Fed Powell speech, US Jobless Claims and Philly Fed
👉Interesting Mover: EURAUD (+0.60%) breaking downchannel and inverse head and shoulder formation at 1.6650, indicating a potential return to 1.69 highs.
Market Update - October 17 - Could Conflict be Contained?
🚨Middle East remains in focus: Reduced demand for haven assets - Oil & Treasuries fall as efforts to ease conflict intensify with Biden's Israel visit tomorrow
🏦Stocks boosted by dovish Fed comments, speculation of no further rate hikes, good earnings expectations and AI optimism
📈 Morgan Stanley's Michael Wilson sees Q4 USA500 rally likely
🇳🇿 NZ inflation slowed to 5.6% in Q3, indicating RBNZ tightening cycle may end
Country Garden faces possible offshore default, highlighting sector confidence crisis
🛢USOIL at $85, Gold at $1912 amid reduced demand of haven assets
₿ BTCUSD settled at 28200 with 10% surge on looming US SEC ETF decision
🔜Today: Earnings reports from Goldman Sachs & Bank of America, US Retail Sales, CAD CPI
👉Interesting Mover: GBPAUD (-0.56%) broke 1.9150, possibly forming a Head and Shoulder pattern
Market Update - Stocks Sideways, Bonds Drift & Middle East in Focus
🌏Asian stock markets sold off, with JPN225 down over -2%, while US & European futures are higher. Concerns about Israel-Hamas conflict are impacting market sentiment
🇺🇸USDIndex declined to 106.54 but is now pulling back to 106.20, while Kiwi rose to 0.5926
🇪🇺ECB expected to keep rates steady through H1 2024, with rate cuts possible in H2 2024
📊Stock performance varied, with UK100 up 0.1%, FRA40 and GER40 down 0.1%, US500 and US100 up 0.2%. Tech stocks in Europe declined due to potential US restrictions on China's semiconductor access
🇵🇱Polish stocks surged, zloty rallied as pro-European opposition parties gained ground
🛢USOIL steadied between $85.60 and $86.75 amid efforts to prevent a regional crisis
🥇Gold corrected to $1908 after briefly reaching $1990 due to concerns about a potential Fed rate hike
👉Interesting Mover: BTCUSD (+2.11%) jumped to 27957 on USD pullback. Next resistance at October's upper swings, 28100 and 28500
Market Update - October 12 - The Key US Inflation
🌎Stock markets moved higher across Asia, with Hang Seng outperforming again as tech stocks strengthen. JPN225 bounced 1.8%
📈Wall Street caught a bid into the close and finished in green after a choppy session as investors gauged the potential spread of hostilities from the Israel-Hamas war
🏦FOMC mins largely in line with expectations and what came out of the September policy meeting and dot plot
🇬🇧UK: GDP rose 0.2% m/m in August, while the July reading was revised down to -0.6% m/m from -0.5% m/m. The visible trade deficit widened & apart from the rebound in services, the report signals a weakening economy
💲USDIndex eased further on softer Fed view, but ranged narrowly (105.80-105.20)
🛢USOil prices down for 3rd day in a row, key resistance at $83
👉Interesting Mover: Gold broke $1880 (20 DMA & 50% Fib) as markets scale back US rate hike expectations. Haven demand amid raised Middle East geopolitical risk continues to underpin demand for the metal.
Market Update - October 10
👉Uncertainties & fears of an escalation of the conflict weighed on sentiment but strength in defensive shares helped support.
📈JPN225 rallied 2.4% on return from extended holiday weekend. EU & US futures are higher, with indexes set to pare yesterday's losses
🏦Treasuries jumped and shares advanced after comments by officials fueled speculation FED may stand pat until year-end
🛢Oil, Gas & Gold benefited from spike in risk aversion prompted by escalating Middle East conflict
🧈Gold ended at $1861, highest since late September, from a low of $1844.25
🔜Today: BOE mins & ECB President Lagarde participates in session at IMF/World Bank meeting
👉Interesting Mover: AUDUSD has breached 61.8% fib. resistance line, indicating potential move to 0.6471 if breakout is confirmed. Currently in correction mode
Market Update - October 09 - “Long and Difficult war”
⛽️Rising geopolitical tensions fueled rise in risk aversion at the start of the week
🛢Oil prices spiked amid escalating Middle East tensions and concerns that output from leading producers will be affected
🇨🇳Chinese stocks declined as markets returned from a week-long holiday that prompted disappointing levels of spending and travel
🇯🇵Japan and HK were closed for holidays, and in US only equity markets are open today, with bond markets and Fed closed for Columbus Day
💲USDIndex edged up to 106.13 from 105.82 while Yen steadied at 149 lows AUD, seen as a proxy for risk appetite, slid to 0.6347, while Kiwi edged lower to 0.5968
🧈Gold at $1855.50 as traders flocked to safer assets
🇩🇪German industrial production corrected -0.2% m/m in August
👉Interesting Mover: USOil and UKOil both retested 38.2% Fib. from September's downleg, with USOil posting a death cross in the 4H chart
Market Update - October 5 - Markets try to take a breather, oil slumps
🇺🇸US Indices rebounded driven by Tech & reached session highs in the closing minutes of trading, US100 up 1.4% and US500 +0.8%. TSLA +5.93%
👉Pivotal levels held for now: 4200 + MA200 on US500, 33k on US30, 15k on GER40
📉Poor ADP helped Treasuries rally from lows, 10y down 15bps from highs. The 2y-10y is steepening very fast, -0.32% now
💲USDIndex pulling back from overbought territory, helped by EUR and GBP strength after some decent Composite PMIs data
🛢OIL had a bad day, USOil -5.60% also pressured by Russia's Novak declarations (''We see a record-high global oil demand. OPEC+ may tweak its decisions if needed'')
🌎Asia in green and CHINA50 off correction territory (-10% from highs)
🔜LATER TODAY: GE Trade Balance, US Jobless Claims, Fed’s Mester, Daly, ECB’s Lane & De Guindos.
👉INTERESTING MOVER: USOil ($83.50) has lost its 3m long uptrend, is below its 50MA and testing a support level
Market Update - October 3 - Risk off bites across asset classes
🏦RBA kept rates at 4.1% in Gov Bullock's inaugural meeting
💱 AUD morning's laggard, -0.72% vs USD, KIWI -0.64%. CNH steady at 7.32; JPY unexpectedly strong (flat vs USD) as intervention rhetoric goes on
💲USDIndex just shy of 107 on the back of decent PMIs & long end yield soaring. Curve steepens, -0.42%
🇪🇺 EURUSD breaches 1.05, manufacturing data weighs, both on currency and indices. Cable 1.20 handle
🌎 APAC fall: HK -3.37% on developer/energy woes, JPN225 -1.90% back at JUN23 levels. IMF lowers APAC growth perspectives
📉 Volatility bid, VIX at 18. US futures -0.3% on average, DAX future -0.6%
💰 XAU down again, approaches $1.8k and gets oversold. XAG <$21, plunged -5.81% yesterday
🛢OIL down 4 days in a row, Brent -8% since high 4 sessions ago. Metals in red
🔜LATER TODAY US JOLTS job openings, Fed’s Bostic, ECB’s Lane
👉INTERESTING MOVER:Copper -1.07% @ $3.6060 rejected by its 50MA and lost 1yr long uptrend
Market Update - September 29 - Dollar off 10-months high; Yen regains ground
💲Treasuries and USD declined. Dollar reverted to 105.54 from 106.50 giving the Yen some breathing room amid intervention concerns.
📈Stocks up on the last trading day of the Q3 amid optimism over spending during China’s Golden Week holiday and on talks of a possible meeting between US and China leaders.
🇬🇧UK Q2 GDP was confirmed at 0.2% q/q & German retail sales unexpectedly correct again coupled with weak consumer confidence readings
🇺🇸US: Tight reading on jobless claims, a mixed GDP report & US mortgage rates at the highest level since 2000, as elevated interest rates and climbing bond yields push up borrowing costs.
🧈Gold at $1858, braced for their biggest monthly fall since February.
🔜Today: The key US PCE but a partial government shutdown is looming.
👉Interesting Mover: USDJPY (-0.40%) pulled back to 148.50, after a rally closed to the 150 level. However, key support remains at 148.00
Market Update - September 27 - Temporary Optimism?
🇨🇳Chinese indexes stabilised after a 2-day decline amid fresh optimism that official measures will boost the recovery. Industrial profits improved for 1st time in a year
🏦The omnipresent fear of higher-for-longer FOMC was exacerbated after JPMorgan's Dimon noted potential for a 7% rate as a worst case scenario
Key levels in stocks, bonds and USD have been broken.
💲USDIndex continued to rally, benefited from haven bid along with the relative outperformance of the US economy and rate differentials
🇪🇺Futures mixed across Europe and slightly higher in US. FTC suing Amazon news helped knock big tech sharply lower
🛢Oil rebounded to 90.80 as API reported Oklahoma inventories fall
🧈Gold - broke 1900. currently at 1895.50 as haven demand favors Dollar rather than the precious metal
🔜Today: US Durable Goods
👉Interesting Mover: Gold broke 1900, with next Support levels at 1885 & 1870.
Market Update - September 25 - Yen breaches 11-month low
📊Stock markets traded mixed across Asia as concern over property sector health resurfaced. Evergrande -20.91%: Sales not as expected, unable to issue new notes under debt restructuring plan
💲USDIndex has lifted 105.30, Yen sold off & USDJPY lifted again to 148.50. "Higher for longer" continues to weigh on sentiment
🇪🇺EU escalates China tensions with probe to ward off cheap EPS and warns China it will be more assertive on 'fair trade'
Republicans struggle to unite around a plan to avert shutdown
🛢Oil rose this morning at $90.07 as expectations of tight supply and signs of stronger economic performance in China and US boosted prices. Hedge Funds join bullish bets on oil
🔜Today: ECB President Lagarde speech
👉Interesting Mover: BTCUSD down for 4th day in a row, retesting $26,000
Market Update – September 21 – Stocks fade, USD up as CBs spring on
📄Stocks & bond markets are under pressure, after the Fed hit risk appetite. FOMC kept rates on hold, but signalled another hike is in the cards later in the year
🏦SNB unexpectedly left rates on hold while maintaining tightening bias & Swedish Riksbank delivered as-expected 25 bp hike - more tightening possible
💲USDIndex has lifted to 105.35 also supported by haven demand. It holds above 105 for a 5th straight session
🇬🇧GBPUSD broke 1.2300 breaching 6-mth support level, ahead of BOE.
🇯🇵JJPN225 and ASX lost -1.4% overnight and European as well as US futures are also in the red
🛢USOil under $89 per barrel, as the changed rate outlook weighed on demand expectations
🧈Gold has continued to trade lower at day's low $1924.10 as markets await BOE
🔜TODAY: BOE Interest Rate Decision, US Jobless Claims, Existing Home Sales, President Lagarde speech
👉INTERESTING MOVER: CHFJPY has lost -1.03% so far today after SNB announcement
Market Snapshot - 24 October
💹 Forex:
📉 The US dollar Index declines as US Treasury yields retreat from 5%.
📅 Upcoming US economic data keeps traders on alert.
🌍 Geopolitical risks surrounding Israel-Hamas conflict add to market tension.
💴 Japanese yen last traded at 149.625 per dollar.
🍁 Canadian dollar rises 0.3% ahead of Bank of Canada rate announcement.
📈 Stocks:
📊 Focus shifts to high-profile earnings and economic data this week.
📉 S&P 500 ends modestly lower, Nasdaq buoyed by interest rate-sensitive tech stocks.
📉 Dow Jones Industrial Average records fourth consecutive daily drop.
📈 "Magnificent seven" tech giants contribute significantly to global stock gains.
🛢 Oil:
📉 Crude prices drop 3% as diplomatic efforts in Gaza impact the market.
🤝 Prospects of de-escalation in Gaza and Israel influence oil prices.
🪙 Gold:
📅 Traders watch for developments in Israel-Hamas conflict and US economic data.
📉 Gold futures drop, indicating caution about higher interest rates.
Market Update – October 23 - A suspiciously calm day
🌎Asian markets sold off while futures are also under pressure across Europe & US amid signs war jitters are easing as investors watch diplomatic efforts to contain Israel-Hamas conflict
Oil and gold declined this morning driven by concerns regarding the sustained period of elevated interest rates and Middle East tensions
💲USDIndex turns below 106, EURUSD extends to 1.0593. VIX climbed to highest since March and the banking stresses
🇨🇳China's tech gauge drifts to record lows, worn down by concerns over higher US rates’ impact on global liquidity and a weak export outlook
📈Earnings season ramps up this week with a slew of big tech titans, i.e. Alphabet, Amazon, Meta and Microsoft
BTCUSD saw biggest weekly gain since June. Currently at 30540
👉Interesting Mover: US500 (-1.53%) to 4236, breaking below 200-day moving average to add to the sour tone, with immediate support levels at 4200 and 4130.
Market Update – October 20 - Stocks in a Sell Off, Commodities Advance!
🌎Global stock markets experienced a decline due to increased volatility resulting from escalating Middle East tensions, compounded by Powell's statement which added to the risk aversion atmosphere
💲USDIndex reverted on EU open from 106.25 to below 106. VIX extended above 20 breaking 4-mth highs
Further argument for ECB & BOE doves: GfK consumer confidence & retail sales declined in UK. In Germany, producer prices declined and prices for consumer goods dropped for 2nd month
🧈🛢Gold and Oil prices continued to climb amid concerns about a potential ground invasion of Gaza by Israel, which could trigger a broader Middle East conflict. Gold breached 1984, turning attention to April's highs. USOIL extended to $89.20
🇺🇸BTCUSD set to see biggest weekly gain since June. Currently at 29200
👉Interesting Mover: US500 (-3.50%) in sell off for 4th day in a row, with immediate support at 4265, 4230 and 4200
Data Fuels Higher-for-Longer Bets
🌎Asian equities followed US stocks lower after strong retail data. Treasury yields continued to shoot higher, reaching new cycle peaks
🏦 US data revived fear of even higher Fed rate stance for even longer period of time. Implied Fed funds futures climbed and priced in a 53% chance for a hike by end of January
🇨🇳China’s economy grew 4.9% in Q3 & UK CPI inflation higher than anticipated
📉 NVIDIA closed at -4.68% as US restricts sale of chips Nvidia designed specifically for China, part of sweeping new updates to export curbs. Asian semiconductor stocks declined
💲USDIndex has nudged down to 105.75 from 106.32.
🧈Gold rises to 4-wk high at 1942.70 & USOIL retests $87. Israel’s military has bombarded Gaza with air strikes, which drove demand for safe-haven assets
🔜Today: US Building Permits & FOMC Waller & Harker Speeches
👉Interesting Mover: UK100 retests neckline of possible inverse head and shoulder formation, at 7715-7740. A breakout could turn attention to 7800 area
Take a look at the key events to look out for the week.🗓
Check our Economic Calendar for more!
Market Update - October 13 - Oil & Gold rise, USD falls
🌎Stock markets sold off across Asia after a weaker close on Wall Street. Rate hike concerns picked up again after hotter than expected US CPI & tight jobless claims
💲USDIndex has moved off the highs seen after yesterday's data and is at 106.20. 🇯🇵USDJPY hovering below 150 as the US yield gap widened on hotter-than-expected inflation data
📉Yields cheapened further on the back of the poorly subscribed bond auction. Treasury yields rose to their highest levels of the week
🛢UKOIL set for weekly gain of over 2%, while USOIL is set to climb about 1% for the week as investors keep an eye on Middle Eastern exports due to the Gaza crisis. USOIL up to $83.70
👉Interesting Mover: US500 (-0.62%) reversed in the upper part of the trend channel, touching both the 50- and 100- DMA, which have bearishly crossed, indicating a return to 4100 lows
Market Update - Asia stocks hit 2-week high as Fed talk turns dovish
🌎Asia stock markets moved higher overnight, as jitters over Israel-Hamas war continued to ease and traders trimmed expectations for further US rate hikes
🇨🇳Reports of further and more comprehensive stimulus measures for China
🇪🇺European futures in red after broad rally yesterday. US futures narrowly mixed
👉Gold gained more than 2% yesterday and another 0.39% so far today, at $1868 as haven flows spiked
🇬🇧USOIL at $84.50, UKOIL $87. Reuters reported that Venezuela and US have made progress in talks that could provide sanctions relief to Caracas by allowing at least one additional foreign 🛢oil firm to take Venezuelan crude oil - under certain restrictions
🔜Today: US PPI & FOMC Minutes
👉Interesting Mover: COCOA up by 1.25% to 3473 retesting the upper line of 12-day channel
Take a look at the key events to look out for the week.🗓
Check our Economic Calendar for more!
Market Update - October 6- Wait and see NFP ahead.
🇪🇺 Subdued volumes and indecision on Equity indices yesterday. Both in the EU and US, waiting for today's NFP.
👉This week labour data showed a mixed outlook, with brilliant JOLT, a lackluster ADP and indecisive claims.
🇺🇸NFP in Sep is expected to come out at +170k down from +187k in Aug. Estimates range from 150k to 240k, US banks skewed to the higher bound.
📊A strong data could add to the weakness of Bonds and Stocks. 10Y softened to 4.72%, several market watchers (including Bill Gross and Jamie Dimon) see higher levels in the future.
🏦 NY Fed's Davy and ECB's Villeroy see current monetary levels as appropriate.
🛢OIL keeps falling, Crude -2.20% .
🚘On the corporate side, TSLA lowers prices again.
👉On the EM FX side, MXN is tumbling & ZAR is not performing better.
🔜LATER TODAY: German Industrial Orders, US NFP & Canadian Employment, Fed's Waller.
👉INTERESTING MOVER: USDMXN is up 7.82% since 20/09, shows higher highs and trades above 50-200 MAs
Market Update - October 4 - On the way to old normal
💼JOLTS Job Openings increased to 9.61m in AUG, more than the estimated 8.8m, hinting to a tight labour market. Bonds sold off
🇺🇸10y US rose 11 bps to 4.8%, its max in 16 years, Future on 30y slid 1.58%, yield up to 4.924%
💲USD immediately strengthened after the data, significantly breaching 150 vs JPY
🇯🇵BOJ INTERVENED causing USDJPY to fall 290 pips from 150.16 to 147.26 within 5 minutes. It is now trading @149.16.
📉Stocks had another harsh day, US underperformed: US100 -1.83%, all the ''Magnificent 7'' (former FAANMGs) heavy led by AMZN. US30 now NEGATIVE YTD.
🛢Commodities stabilized, OILs added modest 0.2%, XAU flat at $1821.5 and XAG up 1.48%
🏦Miscellaneous: RBNZ holds @5.5%, breakeven inflation above Real Rates, VIX curve (spot-3m) inverts
🔜LATER TODAY: EZ, UK, US Services and Composite PMIs, EZ PPI, Retail Sales, US MBA, ADP, ISM, Durable Goods, OPEC+ JMMC, ECB’s Lagarde
👉INTERESTING MOVER: USDJPY under BOJ lens, just as 1 year ago
🌐 Market Update - October 2 - Shutdown postponed as Q4 kicks off 📈
🇺🇸 US senate passed ST bill (45 days) to keep govt funded into Nov, preventing a shutdown
📊 US indices off to a positive start to Q4 (+0.35% / +0.5%). Asia mostly closed, but Caixin manufacturing bounced back above 50 & Tankan Survey showed sentiment improvements
📅 September: US30 -3.5%, US500 -4.9%, US100 -5.8%; Q3 ended in red too: -2.6%, -3.7%, -4.1% respectively
💲USDIndex flirting with 106, USDJPY shy of 150 (despite BOJ mins), AUD laggard -0.47%
🧈 XAU -0.33% @ $1842.5 while 10Y real rates reach 2.23%. XAG down -1.78%
🛢 Crude rebounding on mild risk-on sentiment (+0.25%). Spread v UKOil has narrowed to -$1.40 as seaborne blend has been sold on heavy volumes
🔜LATER TODAY: UK Housing Prices, EU, UK & US PMIs, US ISM Manufacturing, Fed’s Powell & Williams
👉INTERESTING MOVER: XAGUSD ($21.71) had a sharp reversal on Friday (6.16% excursion) and has broken a 1yr trendline
Market Update - September 28 - Stocks Sold Off, Buck & Oil Up!
🌎Stock markets sold off across Asia as China jitters and the sharp rise in oil prices are weighing on sentiment.
🛢USOIL lifted above $94 per barrel, stoking inflation concerns and fueling speculation of additional rate hikes, which pushed up the 10-year Treasury yields to the highest level since 2007.
💲USDIndex has a great week, climbing for a 6th straight day to a peak of 106.51.
💱EURUSD broke 1.05 floor and GBPUSD settled at 1.2112. The USDJPY corrected to 149.22 post 149.70 highs
🇯🇵JPN225 posts biggest 1-day drop in a month as worries for US interest rates stay at elevated levels.
🪙Bitcoin traded above $26,000.
🔜Today: EU consumer confidence, US initial jobless claims & GDP. Fed Chair Powell, Fed's Barkin and Goolsbee make speeches.
👉Interesting Mover: Gold had a run of declines meeting the $1870 (March gap). This leaves the door open to a near-term rebound but overall further selloff is expected with Support at $1862 and $1845.
Market Update - September 26 - Bears in control!
🌎Asian stock markets sold off, as concern about China's property sector deepened - JPN225 slipped 1.0% to 32,054,
🇪🇺European and US futures are in the red & Treasury yields continue to rise as Fedspeeches added to Fed hawkishness, with markets realizing interest rates will likely remain high well into next year Moody's noted a govt shutdown would be "negative" for ratings
💲USDIndex has cleared the 106 mark as risk aversion picks up. EURUSD and GBPUSD both broke below 1.06 and 1.22 support levels respectively. USDJPY firmed to an intraday high of 149.18
🛢Oil slipped below 88.00 (next support at 86) due to USD strength, which looks to outweigh supply tightness
Gold - retested 200-day SMA at 1909
🔜Today: BoE Gov Bailey's meeting of the Financial Policy Committee and US CB Consumer Confidence & New Home Sales
👉Interesting Mover: VIX (+5.5%) extending to 1-mth resistance at 18.20💲
Market Update - September 22 - A Sideways Friday?
🇬🇧Sterling falls against USD to a session low of 1.2250 after data showed UK August Retail Sales rose less than expected
🇯🇵Yen sold off and USDJPY lifted again to 148.40 post BoJ's ongoing commitment to its ultra-accommodative policy settings and pledge to add further stimulus if needed. Yen bears will continue to test officials' resolve to stabilise the currency
🇪🇺European futures are in the red, US futures slightly higher, as markets continue to digest this week's policy announcements. US100 slumped -1.82% overnight
🛢Oil prices have started to stabilise after being knocked back by hawkish Fed. USOil at $90.28 per barrel now, Brent at $93.75 per barrel.
🔜Today: PMIs from Germany, EZ, UK and US. Canadian Retail Sales also on tap
👉Interesting Mover: NZDJPY rallied 0.65% post BoJ announcement and Ueda comments
Market Update - September 20 - FED will stay on hold; Dot Plot, Statement are key
🇨🇳PBoC leaves rates unchanged, says has ample policy room as analysts bet on future rate cuts
🇯🇵 Japanese Trade Deficit falls by 2/3 y/y as Imports tumble (-17.8%)
🇺🇸Yields on 2Y, 5Y, 10Y US push to new multi-year highs hours before September Fed meeting
💲USD recovered earlier losses (USDIndex -0.4% intraday) to end day flat. EUR back below 1.07, Cable back south of 1.24
📉 Stocks, indices fell led by US30
🛢OIL finally pulling back (Crude -1.08% now) after UKOil traded as high as $95.92 yesterday
🧈XAU cannot breach 200d MA, $1930 now
🏦Tonight FED will stay on hold (99% odds) but Dot Plot, Quarterly Economic Update will be key
🔜LATER TODAY: DE PPI, US Mortgage applications, EIA Oil Stocks Change, FED INTEREST RATE DECISION, FOMC PRESS CONFERENCE
👉INTERESTING MOVER: USOil -1.07% @ $90.50, perfectly pulled back after reaching key resistance level at $92.20
