Asian Indices:
- Australia’s ASX 200 index rose by 13.8 factors (0.21%) and at the moment trades at 6,616.00
- Japan’s Nikkei 225 index has risen by -502.75 factors (1.28%) and at the moment trades at -188.00
- Hong Kong’s Cling Seng index has fallen by -255.11 factors (-1.21%) and at the moment trades at 20,869.09
- China’s A50 Index has fallen by -209.61 factors (-1.45%) and at the moment trades at 14,260.76
UK and Europe:
- UK’s FTSE 100 futures are at the moment down -27 factors (-0.38%), the money market is at the moment estimated to open at 7,169.59
- Euro STOXX 50 futures are at the moment down -25 factors (-0.72%), the money market is at the moment estimated to open at 3,446.69
- Germany’s DAX futures are at the moment down -91 factors (-0.71%), the money market is at the moment estimated to open at 12,741.44
US Futures:
- DJI futures are at the moment down -156 factors (-0.5%)
- S&P 500 futures are at the moment down -77.75 factors (-0.65%)
- Nasdaq 100 futures are at the moment down -21.5 factors (-0.56%)
US Treasury Secretary Janet Yellen is about to debate additional sanctions in opposition to Russia with Japan’s Finance Minster later in the present day. They’re additionally set to debate “currencies” and a worth cap for Russian oil. The US greenback index continued its ascent in a single day and reached its highest degree since September 2002. And that has compelled EUR/USD down to simply +5 pips above parity – a key degree for in the present day’s session, highlighted by rising implied volatility and demand for put choices (draw back safety).
EUR/USD 15-minute chart
Maybe in the present day’s ZEW report might be the straw which breaks parity’s again. The sentiment report for Germany is scheduled for 10:00 BST and is unlikely to indicate a cloth raise in sentiment. It reached a post-pandemic low of -41 in April, has since risen to -28 since however there’s no urgent cause to recommend it can’t transfer decrease once more given the wave of recession headlines of late.
EUR/USD fell to 1.0004 early within the session and now trades round 1.0012. If it will probably maintain above parity then a break above 1.0032 assumes a countertrend transfer is underway. While a transparent break under 1.000 runs the chance of triggering stops and recent promote orders (and doubtlessly shifting the market decrease).
USD/JPY 1-hour chart:
USD/JPY stays in a powerful uptrend on the 1-hour chart, though at the moment buying and selling inside a possible bull flag or 3-wave retracement. The day by day low revered the 137 deal with as help and momentum is now turning larger, so we’re on guard for a possible breakout, which might then deliver 138 into focus. Nevertheless, ought to we see a break of in the present day’s low it will even be under the day by day pivot level, and will change the bias to bearish over the near-term.
FTSE 350 – Market Internals: