☛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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➤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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.