Started by analysis.hotforex.com, forexegitimkitabi.com, binaryoptiontrader.info, Feb 16, 2022, 11:31 am
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Stock markets rallied into close (2.5%-1.5%), with news of withdrawal of some n troops from close to the ian border. USD & JPY cool, Gold cooled too from 8-month highs and Oil dipped to $90.00. 2yr-10yr Yields widened but both remain elevated as it becomes clear that the situation in the e is far from resolved. Asian markets rallied (Nikkei +2.2%) but have cooled into close. Biden – “Human cost of attack would be immense”.
Overnight – CNY Inflation slips, CPI down to 0.9% (expectations were 1.0%) from 1.5% and PPI down from record 10.3% to 9.1% (9.5% expected). UK Inflation hotter than expected CPI 5.5% vs 5.4%, CORE at 4.4% vs 4.3% – it’s only a tick but its above expectations, details may show some better news, but Oil & Petrol prices still rising and strong wage inflation yesterday too. BoE still see inflation topping in April, but will add pressure for BoE to act again. – Old fashioned RPI now at 7.8% vs 7.4% too.
European Open – The March 10-year Bund future is up 17 ticks, outperforming versus US futures, as the selloff in bonds is coming to an end. DAX and FTSE 100 are still posting gains of 0.5% and 0.3% respectively.
Today - CAD CPI; EZ Industrial Production, US Retail Sales, FOMC Minutes, Earnings Heineken, Carrefour; Barrick Gold, Garmin, Shopify, NVIDIA.
Biggest FX Mover @ (07:30 GMT) AUDJPY (+0.33%) The key Risk sensitive pair recovers from 81.50 lows Monday back to 83.00 now. MAs aligned higher, MACD signal line & histogram significantly above 0 line, RSI 66.25 & rising, H1 ATR 0.115 Daily ATR 0.818.
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