Daily Alert – Thursday 10th February 2022: All eyes on US CPI

Mark NugentDaily Alert, Feb 2022

Daily Alert – Thursday 10th February 2022: All eyes on US CPI

Good morning.

Risk sentiment became more indecisive yesterday. Although equities were up, the US 10-year bond yield fell, indicating some level of bond buying which is associated with risk-off behaviour. It was for this reason, and the generally strange start we have had to the year, that I exited half of my Japan225 long trade at yesterday’s close on the daily candle. So far today, the price has fallen but is now showing signs of recovery.

All eyes are now on US CPI data, due out at 130pm BST. A surprise may move the markets as they consider what effect that would have on the Fed’s interest rate hiking plans.

Have a great weekend when it comes and we’ll be back on Monday.

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