Market Updates at a Glance: 10 March 2022 (Thursday)🌎
☛U.S stocks Rallies as Global Sentiment Rebounds. Potential Headwind from US inflation.
➤U.S. stocks rallied on Thursday snapped a four-day losing streak, with Dow+2%, S&P 500+2.58% & Nasdaq+3.59%. The President of Ukraine said he is prepared for certain compromises with Russia.
☛SY's view:
-S&P is still below the neckline, despite the rebound. High VIX (fear index) 32. Eyeing the CPI report.
➤The US dollar index dipped to near 98 (-1.1%) despite higher Treasury yields. The 10-year Treasury yield extended the gains to 1.92%.
➤EUR jumped to 1.1070 (+1.64%) while GBP rebounded to 1.3184 (+0.64%) amid cooling geopolitical tensions in Eastern Europe.
➤Gold erased Tuesday's gains to $1993 (-2.79%).
➤Oil (UK oil) slumped to near $112 (-13%).
➤BTC jumped higher to near $42,000 (+8.3%).
☛Upcoming high impacts events/news (GMT+8):
U.S CPI m/m-10/3 9.30pm
U.S Prelim UoM Consumer Sentiment-11/3 11pm
☛Like & follow so you won't miss any market updates ☟
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☛Follow my tweets @ce83lim to look at charts
➤U.S. stocks rallied on Thursday snapped a four-day losing streak, with Dow+2%, S&P 500+2.58% & Nasdaq+3.59%. The President of Ukraine said he is prepared for certain compromises with Russia.
☛SY's view:
-S&P is still below the neckline, despite the rebound. High VIX (fear index) 32. Eyeing the CPI report.
➤The US dollar index dipped to near 98 (-1.1%) despite higher Treasury yields. The 10-year Treasury yield extended the gains to 1.92%.
➤EUR jumped to 1.1070 (+1.64%) while GBP rebounded to 1.3184 (+0.64%) amid cooling geopolitical tensions in Eastern Europe.
➤Gold erased Tuesday's gains to $1993 (-2.79%).
➤Oil (UK oil) slumped to near $112 (-13%).
➤BTC jumped higher to near $42,000 (+8.3%).
☛Upcoming high impacts events/news (GMT+8):
U.S CPI m/m-10/3 9.30pm
U.S Prelim UoM Consumer Sentiment-11/3 11pm
☛Like & follow so you won't miss any market updates ☟
lnkd.in/d38iHCkV
lnkd.in/drqzGXUj
☛Follow my tweets @ce83lim to look at charts
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