US stocks gained on Thursday, as the European indices are back to pre-war levels, yet the sentiment remains mixed. There is relief after Russia avoided default on its interest payment, yet oil prices jump again, and boost inflation expectations and central bank hawks. Except in Japan, which saw inflation surge to a 3-year high, but which remains soft enough to bring the Bank of Japan to say that they would ease more if necessary. Elsewhere, the US dollar is broadly softer, the EURUSD tests the 1.11 offers, the USDTRY is contained after Turkey’s ridiculous decision to keep the policy rate at 14%, and Cable remains under pressure amid the Bank of England statement was perceived as more dovish than expected yesterday. Rising oil and commodity prices and a cheap pound are supportive of the energy and mining heavy FTSE 100 index. In the US, major indices traded in the green yet investors brace for a highly volatile session, as it’s the triple witching day, where a large number of options are set to expire, and there is an unusual amount of near-the-money options that could exacerbate the trading volumes and cause high volatility before the weekly closing bell. Watch the full episode to find out more! 0:00 Intro 0:24 Market update 0:58 Oil rebounds 2:10 FTSE benefits from firm oil, commo & cheap sterling 4:50 BoJ says 'more stimulus if needed' 5:44 Turkey does its thing... 7:10 EV carmakers gained, as Tesla technicals turned positive 8:58 Expect high volatility due to triple witching before closing bell!
Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020. #NoWar #crude #oil #rally #FTSE #DAX #CAC #BP #Tesla #EV #rally #triple #witching #day #USD #EUR #GBP #TRY #BoE #CBT #Turkey #interest #rate #decision #Bitcoin #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary