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CFDs and forex spot transactions are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor lose money when trading CFDs and/or forex spot with this provider. 0.42% of retail clients trading in leveraged products experience a negative account balance after a stop out occurred.
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CFDs and forex spot transactions are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor lose money when trading CFDs and/or forex spot with this provider. 0.42% of retail clients trading in leveraged products experience a negative account balance after a stop out occurred. You should consider whether you understand how CFDs, forex spot transactions or any of our other products work and whether you can afford to take high risk of losing your money.
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Erik Schafhauser Zürich

Morning Brew February 17 2023

Morning Brew 1 minute to read
Erik
Erik Schafhauser

Senior Relationship Manager

Summary:  Hawks boost the USD

Good Morning, 

Please be aware that Monday is a US Market holiday

A higher PPI and hawkish Fed speakers let interest rate expectations rise and spark the expected market reaction of lower stocks and a higher USD. 

The Bullard and Mester were speaking for a more aggressive Fed path, the probability of a 50 BPS hike in Marc rises slightly to 13 from 10% ant eh peak rate rises to 5.28% in July. The year end rate is seen at 5.10.

Equities drop with the US500 at 4070, the US 30 33600 and the UStech100 12370. The GER40 is at 15440.

The USD Index rises to 104.45, EURUSD 1.0637, GBPUSD drops below 1,20 and USDJPY seems to be approaching the 135. Gold and Silver are under pressure at 1822 and 21.35.

UK retail sales came better than expected this morning, and from here the French CPI ant he US import Prices are possibly interesting, otherwise it should be a quiet day ion terms of releases and sentiment will be key.

Will the lower levels spark some buying interest or fear or lower levels? With more than a moth to the next FOMC meeting, a lot can happen to change the picture either way.

Trade safely.-

Expiries

        Physically Settled Futures

PAH3 will expire 20 Feb 2023

CCH3 will expire 21 Feb 2023

CTH3 will expire 21 Feb 2023

CLH3 will expire 21 Feb 2023

OJH3 will expire 22 Feb 2023

RCH3 will expire 22 Feb 2023

NGH3 will expire 23 Feb 2023

 

Expiring CFDs

FRA40FEB23 will expire 17 Feb 2023

NETH25FEB23 will expire 17 Feb 2023

OILUSMAR23 will expire 17 Feb 2023

PALLADIUMMAR23 will expire 17 Feb 2023

COCOANYMAR23 will expire 20 Feb 2023

COTTONMAR23 will expire 20 Feb 2023

NATGASUSMAR23 will expire 22 Feb 2023

TAIWAN95FEB23 will expire 23 Feb 2023

10YUSTNOTEMAR23 will expire 24 Feb 2023

30YUSTBONDMAR23 will expire 24 Feb 2023

COPPERUSMAR23 will expire 24 Feb 2023

CORNMAR23 will expire 24 Feb 2023

GASOLINEUSMAR23 will expire 24 Feb 2023

HEATINGOILMAR23 will expire 24 Feb 2023

SILVERMAR23 will expire 24 Feb 2023

SOYBEANMEALMAR23 will expire 24 Feb 2023

SOYBEANOILMAR23 will expire 24 Feb 2023

SOYBEANSMAR23 will expire 24 Feb 2023

SUGARNYMAR23 will expire 24 Feb 2023

WHEATMAR23 will expire 24 Feb 2023

 

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