Market Replace – August 9 – USD & Shares Dip


USDIndex slipped to check 106.00, earlier than recovering to 106.20. US Shares opened positively however closed flat for the day. NVDA 6.3%, Novavax -5.01%, AMC +8.03%, GM +4.16%. Asian markets blended (Grasp Seng flat,  Nikkei -0.88%). European FUTS additionally blended. Yields fell into shut (10yr 2.7657%),  Oil bounces near 2% to recoup the $90 deal with, Gold rallied over 1% from $1770 assist and BTC moved as much as check key $24K space.

China continues workout routines round Taiwan for sixth day, Russia installs extra troops round captured key Ukrainian nuclear energy plant, as US guarantees Ukraine one other $1 billion in army assist.

Week Forward – Spotlight of the week is US CPI tomorrow which is anticipated to say no to 0.2% m/m and  8.7% y/y.

  • USDIndex examined all the way down to 106.00 after blockbuster NFP on Friday and holds 106.20 now. AUD & NZD underperformed in Asian session.
  • EquitiesUSA500 closed flat -5.13pts (-0.12%) (4140), examined & rejected 4175 resistance intraday. US500FUTS at 4144 now. 100 MA at 4100.
  • Yields 10-year yield fell into shut as Treasuries eased with USD. The two/10yr. yield curve moved as a lot as 44bp inverted yesterday. 10yr closed 2.765%, trades at   2.76% now. 
  • Oil – rallied from 6-month lows beneath $87.00 once more to check final weeks assist at $90.70,  holds at $90.00. 
  • Gold – rallied from $1770, assist to $1788 highs now. 20-day MA $1757.
  • Bitcoin surged to $24.2K Monday, earlier than buying and selling at  $23.7k now.
  • FX MarketsEURUSD again over 1.02000, USDJPY rejected 135.50 Monday again to 135.00 now. Cable examined as much as 1.2130 again to 1.2080 assist now.

In a single day – UK July Retail Gross sales beat (+1.6% vs. -1.3%), AUD Shopper Confidence in line (-3%).

Right now – EIA STEO, Provide from UK, Germany & US.

Greatest FX Mover @ (06:30 GMT) EURAUD (+0.36%). Bounced from 1.4580 assist on Monday after declining from 1.4775 highs on Friday. MAs aligning increased,  MACD histogram damaging however sign line rising, RSI 53.62 & rising, H1 ATR 0.00161, Each day ATR 0.0134.


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Stuart Cowell

Head Market Analyst

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