2022-06-17 11:20:34
#USD drifted (USDIndex 103.15) thanks to hawkish SNB & BoE, and potential shift from the BoJ. However, the BoJ eventually left policy on hold & maintained its ultra-low rate settings today, despite looking increasingly like the odd one out. #Yen sinks. #Stocks were crushed, hit by the surge in yields (NASDAQ -4.4%, Dow -2.4% & S&P -3.25%). Weakness in tech also weighed on USA100. VIX rose to an intraday high of 34.43, but dipped to 33.44 late in the day, versus Wednesday's 29.62. Treasuries are rallying, yields are now richer (2-yr declined to 3.10%, 10-yr at 3.25%. They were as high as 3.39% & 3.49% on the day). #Oil settled at 117.50, Gold retested $1856, currently lower at $1845. EU leaders back Ukraine's bid to apply for EU membership.
Today: BoE Pill & Tenreyro speeches, EU HICP & Fed Chair Powell speech.
Biggest FX Mover @ (06:30 GMT) CHFJPY (+1.54%) breaks 2013 peak. Intraday, MAs aligned higher, MACD lines extending northwards, RSI 76 & rising. ATR(H1) 0.0524 & ATR(D) at 1.506.
#Analysis #forex
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