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Market Update – May 8 – Sentiment Firming; A Cooler USD & Rising Stocks

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It is important to note that the word “you” means “you”. USD Continue to press on (continue under pressure)USDIndex After a week of monumental events, the FED & ECB’s 25 bp hikes Could it be the FED’s last?Another US bank failure. Job Report Beat, (253k vs 181k) and better than expected earnings, especially, from the biggest of all companies – Apple. Yields dropped again today with the stocks. AUD You can also find out more about the following: NZD outperforming. The UK and France will be closed on quiet data days. Berkshire Hathaway Profits of $35.5 billion announced   
The Week Ahead Topped by US CPI The data on Wednesday BOE Rate You can also find out more about Decision Making (Thursday).
  • FXUSDIndex Continues to be biased lower 101.50 Highs on Friday to test the support from last week 100.88, EUR On Friday, the price fell to 1.0970 but recovered 1.1000 The trade at 1.1033 now. The following are some of the reasons why you should consider hiring someone elsePY Rallyed from 134.00, Breach 135.00 But trades at 134.70 now. Sterling Hold over the keybreak of  1.2500 Last week, there were breaches 1.2600 On Friday, there is a test 1.2650 now. 
  • Stocks-US markets close strongly (From +1.65% up to 2.25%) (#APPL +4.69%%,  #TSLA +5.50%) US500 Closed +1.65% 4136, The FUTS is trading at 4147 Today Below the key resistance is 4175 & 4150

  • Commodities – USOil – Futures are holding onto the Friday gains.



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