Started by analysis.hotforex.com, forexegitimkitabi.com, binaryoptiontrader.info, Mar 09, 2022, 11:10 am
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Jitters over the war and the imposition of harsher sanctions on continue to roil the markets. The shortages of key commodities are boosting prices to record highs. In fact the 250% surge in nickel over the past two sessions broke the market and caused the LME to halt trading until Friday. President Biden was pressured into banning US imports of oil, gas, and coal, further adding to the supply crunch and exacerbating inflation fears. Those concerns overshadowed the recent flight to safety and pushed rates higher. The market is also looking toward rate liftoff next week.
Today - Today’s calendar is limited and will not distract from the focus on e. For data, January JOLTS job openings data are due, Weekly MBA mortgage and oil inventory figures are also on tap. The Treasury auctions $34 bln of reopened 10-year notes.
Biggest FX Mover @ (07:30 GMT) ETHUSD (+7.30%) Spiked to 2742, breaking R2. R3 is at 2767. Currently MAs aligned higher, MACD signal line & histogram steady northwards, RSI 5774 but flat, all implying a short term positive bias.
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