Market Overview

Euro area PMI

The week began with hawkish remarks from US central bankers. On Monday, Chair Powell said that the FED will be ready if needed to take an even more aggressive stance to tame inflation. Such statement has shaken the markets and caused the 10-year US Treasury yield to reach a new multi-year high (above 2.41%) on Wednesday.

Fed

The Russia-Ukraine war continues to be the focus of global dynamics. Adding pressure to an already uncertain environment is the return of the increase in covid cases as the omicron subvariant spreads rapidly in many countries.

Eurostoxx

Accordingly to our analysis, market is in a corrective bullish phase of a bear market started on November last year. This rising wave started on the 8th march at 3430.

ECB

The Russia-Ukraine war has posed further challenges to the ECB’s tapering plan, putting President Lagarde in a difficult position, amid looming inflation and slow economic growth projections. February’s inflation rate in the euro area soared to 5.8%, with energy being the main driver at 31.7% increase.

Nonfarm payrolls

The labour market is overheating. Payroll employment rose by 6.7 million in 2021, and job gains were robust in January,” Fed Chairman Jerome Powell said on Wednesday at the Semiannual Testimony.

Gold

This morning we point out to a very interesting pattern on medium term gold.
Gold has drawn in the past days a so called “rising flag”: usually is a bullish pattern.

Euro Area inflation

The geopolitical crisis, the most serious since the post-WWII, continue to be the main concern this week. European stocks have been volatile this morning as the conflict between Russia and Ukraine continues.

SP500 Long term

Although on support (4300), we think that the bullish trend started to deteriorate: this is due to a sell signal on momentum indicator placed on bottom of chart.

Euro CPI

Markets have been on edge these past few weeks due to fears of a possible escalation of the Russian-Ukraine conflict into a war.

Gold

Gold in uprise.
Next resistance is set at 1930 dollars. Above this level market can retest 1980 dollars and very likely to set a double top at 2080 dollars.

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Past performance is not a guide to future returns. The value of investments and any income from them is not guaranteed and may fall as well as rise and the investor may not get back the original amount invested.

Aleph Finance is a trading name of Pairstech Capital Management LLP.
Pairstech Capital Management LLP is authorized and regulated by the FCA – Financial Conduct Authority – with registration number 477155.
Pairstech Capital Management LLP is authorized as third country firm without a branch by CONSOB with registration number 54.
Registered Company number OC333807.

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Past performance is not a guide to future returns. The value of investments and any income from them is not guaranteed and may fall as well as rise and the investor may not get back the original amount invested.

Aleph Finance is a trading name of Pairstech Capital Management LLP.
Pairstech Capital Management LLP is authorized and regulated by the FCA – Financial Conduct Authority – with registration number 477155.
Pairstech Capital Management LLP is authorized as third country firm without a branch by CONSOB with registration number 54.
Registered Company number OC333807.

For further information, please read our Legal Documents.