Market Updates at a Glance: 18 March 2022 (Friday)🌎
☛U.S Stocks Fueled by Risk-On Move. Eyeing the Flattening Yield Curve.
➤US stocks continued higher on Thursday despite Fed's hawkish stance. Fed raised interest rate for the first time in 3years yesterday and signaled another 6 this year.
➤The US dollar index extended the decline to near 98 as market digested the Federal Reserve Rate Hike. The yield curve is further flattening, which signal a possible recession.
➤GBP ended flat near 1.3149 after a wild intraday session. BoE raised interest rate to 0.75%, a third increase since December.
➤EUR continued higher to 1.1092.
➤Gold rebounded for the second day to $1941.
➤Oil (Brent) surged +8.3% & recaptured the $100 level. Russia denied any significant progress on peace talks
➤BTC trading around $40,000 & XRP near 0.79000.
☛Upcoming high impacts events/news (GMT+8):
OPEX (Option Expiry)-18/3
☛Like & follow so you won't miss any market updates ☟
lnkd.in/d38iHCkV
lnkd.in/enTgEqYB
☛Follow my tweets @Szeyee_L to look at charts
☛U.S Stocks Fueled by Risk-On Move. Eyeing the Flattening Yield Curve.
➤US stocks continued higher on Thursday despite Fed's hawkish stance. Fed raised interest rate for the first time in 3years yesterday and signaled another 6 this year.
➤The US dollar index extended the decline to near 98 as market digested the Federal Reserve Rate Hike. The yield curve is further flattening, which signal a possible recession.
➤GBP ended flat near 1.3149 after a wild intraday session. BoE raised interest rate to 0.75%, a third increase since December.
➤EUR continued higher to 1.1092.
➤Gold rebounded for the second day to $1941.
➤Oil (Brent) surged +8.3% & recaptured the $100 level. Russia denied any significant progress on peace talks
➤BTC trading around $40,000 & XRP near 0.79000.
☛Upcoming high impacts events/news (GMT+8):
OPEX (Option Expiry)-18/3
☛Like & follow so you won't miss any market updates ☟
lnkd.in/d38iHCkV
lnkd.in/enTgEqYB
☛Follow my tweets @Szeyee_L to look at charts