Final Day of the Week/Month & Quarter – USD It has fallen again Stocks Big tech and big data continue to lead the recovery US GDP slipped, Kashkari reconfirmed his Hawkish credentials “the FED will not be shifting the goalposts”. EUR They are based on high German inflation. Better inflation means Asian markets are stronger PMI Data from China A strong set of data and information from Japan, NZD In Asian markets, outperformed. European & US FUTS are also higher.
Overnight: China PMI’s beat (Services partic. 58.2 vs. 55.0), Japan – Retail Sales (6.5% vs.), Tokyo CPI (3.2% vs. 3.1%) Ind. Prod. (4.5% vs. 5.3%) and even an Unemployment rise (2.6% vs.) was “good news”. UK GDP Edged higger 0.1% q/q & 0.4% y/y.
- FX – USDIndex The slide to 101.72 Yesterday and today 102.00 Today has been capped at 102.50, yesterday. EUR slips under 1.0900 Trades to 1.0925. JPY Continued its volatile week of spikes to 133.50 As the Japanese financial year ends, we can expect strong data. 133.10 now. STerling Yesterday, I plotted a 40 day high at 1.2425Before receding to 1.2380 now.
- Stocks – The tech stocks yesterday led the rise in US markets (+0.43% to +1.73%) You are headed for a Quarterly Gain #US500 Closed at the key 4050 – US500 FUTS can also be higher 4082, The Continue reading…
