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Market Update – January 10 – Wall Street in a dangerous game ahead of Powell, CPI, earnings


Treasuries It remained firm. Yields They have been lifted from their lowest points. Wall Street is mixed In the afternoon following the US30 US500 They have lost their advances. Bostic and Daly produced some cold feet and profit taking. Fed Chair Powell’s comments later. A bit of weight was also added by the advent of $90 billion in coupon supply.

The FOMC minutes warned that an “unwarranted easing in financial conditions” would complicate the Fed’s efforts to bring down inflation, and the big rally in bonds and stocks in recent sessions is not what the FOMC wants to see. Bostic and Daly already oppose raising rates beyond 5%. Powell will he feel compelled against market rallies?

  • The USDIndex The FOMC’s softer outlook was a weak point, and the economy remained weak. It fell to a low level of 102.94It was closed at 103.19.
  • EUR – steady above 1.0700.
  • JPY – hovering around 132.10.
  • GBP – Closed over 20-day SMA, Retest 1.2200.
  • Stocks – The US100 Was up 0.63% at the close as tech found support from China’s reopening plays. The US30 Dropped by -0.34% US500 Was off -0.08%. Wall Street is in the green, with gains of approximately For the year to date, 1.5% to 2.4% The US500 It is 9.4% higher than its October low.

  • USOil –…

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