The USD Continues to maintain recent gains despite US10yr Yields Reaching a maximum of four months 4.018% ISM Manu. Prices Spiking is a good idea. 51.3, a five-month high, From 44.5 In January. US Stocks Closed lower, and this rippled into Asian markets. TSLA Day disappointed by no new vehicle announcements #TSLA shares fell -5.6% After hours. Kashkari Hawkish as everamp; Fed Fund Futures now have a 50 bp hike at 33% & a terminal rate in the 5.50%-5.75% range. Overnight: Japanese Capital spending It was less than expected. Consumer confidence failed to meet expectations but remains at 5-month highs too. Australian Building approvals were canceled -27.6% From +15.3%.
- FX – USD Index Tested back to 104.00 Before recovering To 104.70 now. EUR Over 1.0600, But, he rejected an advance 1.0700, At 1.0635 today. JPY Is back to Tuesday’s Top at 136.80 Below is a sample of the results from a test 135.50. Sterling However, enthusiasm continued to wane after the key was broken. 1.2000 Zone again today, trading at 1.1970 now.
- Stocks – Again, the US markets fell (+0.02% to +0.66%). Movers – #NVAX -25.92%, CAT +3.81% & HAL -3.53%. US500 –0.47% (-18.76) 3951, US500 FUTS are again lower at 3928 Get it now.
- Commodities – USOil – Futures tested…