Home Featured Market Update – May 8 – Sentiment Firming; A Cooler USD & Rising Stocks

Market Update – May 8 – Sentiment Firming; A Cooler USD & Rising Stocks


It is important to note that the word “you” means “you”. USD Continue to press on (continue under pressure)USDIndex After a week of monumental events, the FED & ECB’s 25 bp hikes Could this be the FED’s last move?(could it be the last from the FED? US bank failure. Jobs Report Beat, (253k vs 181k) and better than expected earnings, especially, from the biggest of all companies – Apple. The stock market rallied Friday and has continued in Asia today. Yields have cooled with the AUD The following are some examples of how to get started: NZD outperforming. On quiet data day, the UK and France are closed. Berkshire Hathaway Profits of $35.5bn announced   
This Week’s Ahead Topped by US CPI Data (Wednesday), and the BOE Rate The Decision (Thursday).
  • FXUSDIndex Continues to be pushed lower 101.50 The highs of Friday will test the support for last week. 100.88, EUR On Friday, the price fell to 1.0970 but recovered 1.1000 Trade at 1.1033 now. You can also find out more about JPY Rallyed from 134.00, Breach 135.00 Trades are available at 134.70 now. Sterling The key is held over the break.  1.2500 Last week, there was a breach 1.2600 Testing is done on Friday 1.2650 now. 
  • Stocks-US markets close strongly (From +1.65% up to 2.25%) (#APPL +4.69%%,  #TSLA +5.50%) US500 Closed +1.65% 4136, The FUTS is trading at 4147 Today Still below the key resistance 4175 & 4150

  • Commodities – USOil – Futures traders hold on to Friday gains.

Continue reading…