XM Research

US Open Note – Pound crashes on dovish rate hike; Wall Street eyes bearish open

Pound crashes after BoE policy decision The Bank of England stuck to its March guidance, confirming expectations of a 25bps rate hike to 1.

US Open Note – King dollar awaits FOMC minutes; stocks in the doldrums

FOMC minutes under the spotlight Inflation jitters are weighing far more heavily on central banks’ thinking now, pressing policymakers to expedite their tightening plans further even if the war in Ukraine threatens to drag the global economy into a recession.

US Open Note – Pound corrects lower after dovish BoE; commodities up again

Dollar weaker after hawkish FOMC The US dollar continued to trade lower against a basket of major currencies for the third consecutive day to reach 98.

Technical Analysis – UK 100 remains volatile amid an overall bearish outlook

The UK 100 cash index has recouped some of its March losses during the last few trading sessions. However, this month’s violent losses have pushed the index below its 50- and 200-day simple moving averages (SMAs), reinforcing the thesis of an overall bearish outlook.

US Open Note – Markets hope for peace talks; US stock futures mixed

Risk mode on as Ukraine-Russia start the fourth round of discussions While there is no clarity on what the positive assessments from the latest Russian-Ukraine high-level talks are, markets continued to behave like the fourth-round of talks would result in another positive outcome today even if Russia's attacks expanded closer to the Polish borders, and the war conditions remain largely unchanged.

The UK 100 cash index has witnessed significant volatility over the last trading sessions, crossing below its 50-day simple moving average (SMA) as negative forces have resurfaced.

US Open Note – Hopes for dialogue on Ukraine restore some risk appetite

Hopes for dialogue improve market sentiment After a devastating week, Russian-Ukrainian military clashes showed no signs of de-escalation on Friday, making an invasion of Kyiv inevitable in the coming days.

Technical Analysis – UK 100 index powers back as bullish forces linger

The UK 100 cash index came back swinging after its January retreat as positive momentum resurfaced. Currently, the index is trading well above its 50- and 200-day simple moving averages (SMAs), and has marked yet more higher lows supporting an overall bullish outlook.

US Open Note – Stocks return to green zone as covid fears wane

Risk-on appetite returns but covid headache to be continued Omicron fears took a back seat on Tuesday, letting global stock indices, risk-sensitive currencies, and energy prices recoup some lost ground.

US Open Note – Stocks go downhill as omicron bears bite; dollar, euro resilient

Omicron plays with investors’ nerves as stimulus vanishes Stock markets were in a sea of red during mid-European trading hours as omicron concerns and tighter curbs in Europe reminded investors that the pandemic is far from over and Covid could still swamp global demand after two years of limbo.

US Open Note – Stocks give up ground amid covid curbs; pound remains muted near 2021 lows

Equities take a breather European stock indices returned to negative territory as infections remained elevated in the region and governments reintroduced new mild measures to counter the spread of the omicron variant despite drug makers defending the efficacy of their vaccines in the past few days.

The UK 100 stock index (cash) rallied above June’s highs to print a new 1 ½-year high at 7,233 on Wednesday before opening with a small negative gap slightly lower on Thursday.

The UK 100 stock index (cash) opened with a positive gap on Tuesday, advancing above the 61.8% Fibonacci level of the 7,688 – 4,777 downfall and to an almost 10-month high of 6,677.

Technical Analysis – UK 100 index bulls get a wake-up call; positive but overbought

The UK 100 stock index (cash) flew above the 200-day simple moving average (SMA) for the first time since February and closer to June’s high of 6,513, recording its second notable weekly gain and its biggest monthly increase in several years.


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