Morning Call 04/11/2022 - Struggling trade still prevails, needs a breakout session to confirm
Global stocks continue to decline.The Bank of England is set to raise interest rates by 75bps to 3% during its November 2022 meeting, which would be its largest rate hike since 1989, pushing borrowing costs to the highest since late-2008.
Domestic stocks struggled, liquidity fell to a low level. The dollar index extended gains to approach 113 on Thursday after the Fed said interest rates will be higher than previously expected and that it is very premature to talk about pausing the rate-hike cycle. Along with that, the yield on the US 10-year Treasury note rose again above 4.1%.
- Domestic and international news
- Looking forward to the US midterm elections next week
- Technical view and recommendations #NT2
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