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Market Update – December 16 – Ms Lagarde the Most Hawkish of All

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Follow these steps: FED’s On Wednesday, there will be hawkishness ECB This was just the beginning. While the central bank may have slowed down tightening movements, it made clear that this was not a sign rates are at their peak. there will have to be further “significant” tightening to bring rates to restrictive level, In order to reduce inflation and dampen the demand, “This is not a pivot, we are in it for the long game”. EUR Rallyed & Yields Credit for short term erupted (2yr German yields moved 24.2bp – the most in a single day since 2008) and the DAX lost –3.28%. 7 Other central banks (including BOEYesterday’s rate hike was also reported by ), all commenting on inflation. A big Risk-Off day. The AUD tanked 2.4%The Yen lost 1.7%, Gold It was reduced 1.7% And USOil Was off 1.8%.

  • The USD Index Rallyed from 104.80 Blowing to retake your key 105.00 Band trades 105.30 now. US Stocks Tanked (-2.25%-3.2%) Yields Also, at the lowest possible levels Treasuries Held on to gains for 10 years Closed at 3.47% . 3.45%. Asian Stocks are also lower after CB Week (Nikkei -1.87%) and more grim Chinese covid narratives…”Beijing death toll mounts as Covid sweeps through Chinese capital”,…



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