{"id":17081,"date":"2023-02-21T08:15:26","date_gmt":"2023-02-21T08:15:26","guid":{"rendered":"https:\/\/www.xtreamforex.com\/?p=17081"},"modified":"2023-02-21T08:15:26","modified_gmt":"2023-02-21T08:15:26","slug":"european-flash-pmis-and-canada-inflation-report","status":"publish","type":"post","link":"https:\/\/www.xtrememarkets.com\/US\/european-flash-pmis-and-canada-inflation-report\/","title":{"rendered":"European Flash PMI\u2019s and Canada Inflation Report"},"content":{"rendered":"

European Flash PMI\u2019s and Canada Inflation Report<\/h1>\n

Australia\u2019s ASX 200 index fell by -12.7 points and currently trades at 7,338.80
\nJapan\u2019s Nikkei 225 index has fallen by -37.31 points and currently trades at 27,494.63
\nHong Kong\u2019s Hang Seng index has fallen by -207.23 points and currently trades at 20,679.73
\nChina\u2019s A50 Index has fallen by -31.48 points and currently trades at 13,679.43<\/p>\n

UK and Europe:-<\/strong><\/p>\n

UK\u2019s FTSE 100 futures are currently down -6.5 points, the cash market is currently estimated to open at 8,007,81
\nEuro STOXX 50 futures are currently down -6 points, the cash market is currently estimated to open at 4,265.18
\nGermany\u2019s DAX futures are currently down -5 points, the cash market is currently estimated to open at 15,472.55<\/p>\n

US Futures:-<\/strong><\/p>\n

DJI futures are currently down 130 points
\nS&P 500 futures are currently down -44.75 points
\nNasdaq 100 futures are currently down -17.75 points
\nThe RBA minutes firmly backed a 25bp over a 50bp, which suggests aggressive hikes are most likely in the past-although there is still room for at least two more hikes.<\/p>\n

Australia\u2019s private sector contracted for a fifth consecutive month according to the latest PMI report, with services mostly weighing on the broader economy.<\/p>\n

Japan\u2019s flash manufacturing PMI contracted at its fastest pace in 30 months.<\/p>\n

NZ producer prices were much softer than expected, which plays further into a 50bp RBNZ hike over a 75bp.<\/p>\n

CAD\/JPY<\/strong><\/a>, with a Canadian inflation and retail sales report on tap, CAD pairs are in focus \u2013 and one of the more interesting pairs is CAD\/JPY. Strong inflation and retail sales should keep bets alive for another BOC hike and likely send CAD pairs higher, and even more so if oil prices remain under pressure.<\/p>\n

The pullback found support around the early December lows\/late December highs and weekly pivot point, and we\u2019re keen to seek bullish setups with any low-volatility retracement towards the said support zone. 100 is likely to provide resistance along the way, a break above which brings the 100.28 highs and weekly Q into focus.<\/p>\n","protected":false},"excerpt":{"rendered":"

European Flash PMI\u2019s and Canada Inflation Report Australia\u2019s ASX 200 index fell by -12.7 points and currently trades at 7,338.80 Japan\u2019s Nikkei 225 index has fallen by -37.31 points and currently trades at 27,494.63 Hong Kong\u2019s Hang Seng index has fallen by -207.23 points and currently trades at 20,679.73 China\u2019s A50 Index has fallen by<\/p>\n... continue reading<\/a>.","protected":false},"author":3,"featured_media":17082,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[20,265,373,366,267,182,173,372,19,22],"yoast_head":"\r\nEuropean Flash PMI\u2019s and Canada Inflation Report<\/title>\r\n<meta name=\"description\" content=\"Australia\u2019s private sector contracted for a fifth consecutive month according to the latest PMI report, with services mostly weighing on the broader economy.\" \/>\r\n<link rel=\"canonical\" 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