Bank jitters ease again, lifting sentiment. Stocks from the United States rallyed+1% to +1.79%) led by the NASDAQ, Asian markets are mixed while European FUTS tend to be positive. The USD Bout 0.2% But, it has gotten better overnight. Yields The drifting sideways. Earnings beats Micron (+7.19%) & Lululemon (12.72%) There were also some upbeat surprises. The YEN continues it’s volatile week as the Japanese financial year end looms. AUD recovering from yesterday’s weaker performance. US Pending Home Sales They were much better than we expected (+0.8% -2.9%) and Oil Inventories significantly lower (-7.5M vs. +1.8M) Fed’s Barr continued to claim that “many were to blame for Silicon Valley Bank failure”.
Overnight: German CPI North Rhine Westphalia (many more States to follow during the day) March CPI +6.9% Vs +8.5% prior.
- FX – USDIndex is recovered Yesterday’s 0.2% was capped at 102.50, Trading at 102.25 now. EUR Holds over 1.0800 Trade at 1.0840 now. JPY Continued its volatile week rallying form under 131.00 To 132.50 now, STerling Yesterday, I plotted a 39 day high at 1.2360, Before you recede to 1.2325 now.
- Stocks – Yesterday’s tech stocks led the rally in the US market (+1.00% to +1.79%) #US100 Enter a Technical bull market after gaining +20% Its…