CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Morning wrap (20.09.2022)

06:55 20 September 2022
  • US indices finished yesterday's trading higher. S&P 500 gained 0.69%, Dow Jones moved 0.64% higher and Nasdaq added 0.76%. Russell 2000 jumped 0.81%

  • Indices from Asia-Pacific followed into footsteps of US peers and traded higher today. Nikkei gained 0.5%, S&P/ASX 200 moved 1.2% and Kospi jumped 0.6%. Indices from China traded 0.1-1.2% higher

  • DAX futures point to a higher opening of the European cash session

  • White House extended timeline for SPR releases and sale of the final 10 million barrels was pushed back from October to November

  • David Malpass, President of World Bank, warned that global economic slowdown may last into 2023

  • RBA minutes did not include any major surprises and were mostly in-line with recent speech from Governor Lowe, who suggested that pace of rate hikes may slow soon

  • People's Bank of China left 1- and 5-year Loan Prime Rates unchanged at 3.65% and 4.30%, respectively. Decision was in-line with expectations

  • Japanese CPI inflation accelerated from 2.6 to 3.0% YoY in August. Core measure jumped from 2.4 to 2.8% YoY (exp. 2.7% YoY)

  • Cryptocurrencies are pulling back but the scale of declines is nowhere near as big as the one from the weekend or yesterday's morning. Bitcoin drops 0.6% while Ethereum trades 1.2% lower

  • Oil trades a touch higher this morning. Precious metals trade mixed - silver (-0.5%) and gold (-0.2%) drop while platinum gains (+0.6%)

  • EUR, GBP and CAD are the best performing major currencies while NZD and CHF lag the most. Overall, trading ranges on G10 pairs are narrow

Rally on USDJPY eased somewhat as of late and the pair started to trade sideways in the 142.70-143.65 range. This is interesting as US yields (inverted TNOTE overlay on the chart) continue to move higher. Such development can be reasoned with uncertainty ahead of the Fed decision on Wednesday and BoJ decision on Thursday. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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