Market Update – October 28 – USD Mixed, Stocks Down, Yield Curve Flattens, Oil tanks

  • USD (USDIndex 93.82) کافیChoppy session ہے.Yields spreadجارہے ہیں
    March lows 2020 کی طرف.(2y & 5yr higher) اور(10yr & 30yr lower) Catalyst میںInflation worries ہیں اورQE BoC کیSurprise ending اور
    Stocks down .Earlier rate hikes ہیں.Oil میں کمی.Durable goods میں کمی لیکن کافی برا نہیں تھا.Trade balance اپنےRecord $96.3 bn پر ہے.
  • US yields 10yr) میں Crash اور1.529 پر Close ہوا.)Asian Session میں اب یہ1.57% اوپر ہے.
  • Equities میں کمی
    USA500 -23 (-0.51%) at 4551 (DOW -0.75%) – Big movers MSFT +4.21%, GOOGL + 4.96%, EXXON -2.6%, JPM -2.08% USA500.F back to 4545. Asian equities weaker.
  • USOil میں کمی کیونکہInventories زیادہ
    double build – at 4.3m vs 2.0m & draw down last week of 400k barrels. Low $79.39 earlier from $83.70 on Monday.
  • Gold میں Recovery ہوئی$1783 سے. اب$1800 سے اوپر ہے.
  • FX markets EURUSD 1.1600, Cable 1.3750, USDJPY now 113.70

ECB Preview:

امید ہے کہCentral Bank اپنیPolicy setting میں Changes نہیں کریں گے. Lagarde نے
Last meeting میں Signal دیاتھا کہDecember تکPEPP اورOlder PEPP والے Program میں کوئی Changes نہیں کی جائیں گی. اس کے باوجود مارکیٹ اس سے Related خبروں کے منتظر ہیں.ECB Market کافیFlexible ہوگی اگر کوئی Emergency ہوئی تو.ECB ان سب کے باوجودDovish signal دے سکتاہے.December والی Meeting میں Confirm ہوگا کہPEPP اس سال March میں End ہوگا کہ نہیں.

Today – German Unemployment, EZ Consumer Confidence, US GDP, PCE Prices Advance, Weekly Claims, ECB Policy Announcement and Press Conference   Earnings- Airbus, AB InBev, Carlsberg, Evolution Gaming, Nokia, Saint Gobain; Shell; Amazon, Apple, Comcast, Merck, Caterpillar, Mastercard, Yum!, Shopify.

Biggest FX Mover

NZDCAD (+0.37%) (PST 11:30) ہوا. اس نےBoC shock سے Recover کیا. یہ0.8820 پر گیا تھا. اس کے بعد واپس اوپر0.8880 پر آیا.Faster MAs سارےMACD signal , Aligned higher اورHistogram دونوںRSI 55 rising, Daily ATR 0.0062, H1 ATR 0.0012

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Stuart Cowell

Head Market Analyst

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