Home Featured Market Update – November 23 – USD slips, Stocks higher, RBNZ add 75bp, FOMC Minutes to come

Market Update – November 23 – USD slips, Stocks higher, RBNZ add 75bp, FOMC Minutes to come

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  • The USD Index The slide was from over 107.50, Below 107.00, As Stocks Closed 1% Higher and The US was a positive market for Asian markets, and the Chinese covid cases are still rising. The RBNZ To meet expectations, the interest rates were increased 4.25% From 3.5% In a hawkish hike eThe terminal rate expectations were greatly increased to 5.5-5.75%. (NZD Outperforming during the Asian session AUD PMI data not available and prosecutors contacted FTX a “personal fiefdom” of Sam Bankman-Fried, had  “substantial” assets missing & highlighted his parents & senior staff with Bahamian property worth over $300m.  
  • EUR – retakes 1.0300 From 1.0225 Trade at the lowest levels yesterday 1.0225.  
  • JPY – eased from 142.20 From highs to below 141.00 – trades at 141.20 now. 
  • GBP – Sterling held the 1.1800 Support and rallies to support the test 1.1900 now. The UK’s economy is set to be the worst performer in the G20 bar Russia According to the report, the trend will continue for the next two-years. OECD.  
  • Stocks – Wall Street has been closed since last year 1%+ NASDAQ & S&P500 +1.36%. Exxon & Chevron best performers. US500 +53.64 (+1.36%), closed over 4000 4003, For the first time since 1997 September 12 (50 trading days), Trades in FUTS at 4009 now. 

  • USOil – To $82.00 Trades and information available at $81.50



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