Home Trading Market Update – February 10 – Hawkish FedSpeak & a Japanese Surprise

Market Update – February 10 – Hawkish FedSpeak & a Japanese Surprise


FEDSpeak (Barkin) – remains Hawkish – Stocks fell again the NASDAQ Tossed -1.02%While the S&P 500 slid –0.88%, and Dow lost -0.73%. #TSLA (+3.00%) bucked the trend. The credit market is all eyes as the 2/10yr interest rate remains. 80 bp+ inverted 7 Terminal rate edges higher to 5.15%. Overnight RBA Minutes Higher inflation worries and more hawkishness China CPI dipped, Japanese PPI Unchanged, but a potential new BOJ Governor Amamiya – “appropriate to maintain ultra-loose monetary policy” and the “Yield Curve Controls do not need more flexibility”. However, UK GDP -0.5% December is able to avoid recession with a whisper. A lot of data is biased in the direction of the upside.  USOIL Cools, but holds $78.00, Gold Lost close to 2% BTC Take off more than 5% $21.8k As the SEC raises the regulation heat.

BREAKING JPY Rallyes +1.00% According to Nikkei, Kazuo Ueda Governor Kuroda’s preferred candidate. Kuroda. An2 is an apparent Dovish candidate less than the other candidates.  USDJPY It is now down to 130.80 From 131.85 Highs today were earlier.

  • FXUSD Index Holds 103.00 At 103.13, As high as 102.50 Yesterday’s lowsEUR Holds over 1.0700 At 1.0734The tally is now at 1.0790, down from the Thursday high of 1.0790. Sterling The run was from 1.2060 Lows as 1.2180 highs yesterday before testing back to Continue reading…

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