Countries queuing up to advertise warrants against Russia, but the lack of threat-off news has allowed investors to catch their breath. 

 There was a clear change in sentiment overnight, as major marks across Asia posted earnings. China’s equities were the dalliers and were out to a soft launch, as state media took a swipe at rising property prices which counted on the property sector. US and European futures are pointing towards a firmer open. 

 

 FTSE rises to a specialized juncture 

The FTSE made a strong comeback history despite dropping around-120 points at the open. The strength of the answer has left a long lower wick (buyers tail) at the low and it has closed back above a bullish trendline. This brings into question whether it can reach the lower target around 7300, near the base of the wedge. 

 

 Eventually, the FTSE finds itself at a specialized juncture. A bearish 2- bar reversal has formed at the 50 and 200- bar eMA on the four-hour map and trend resistance. As long as history’s highs caps as resistance, a break below 7490 assumes another dip lower towards trend support. Should sentiment sour also we can return to the bearish wedge target around 7300. But if prices break above 7540 it would clear the moving pars and trend resistance, and we'd assume a bullish bias for the day. 

NZD strongest major after their 25 bps hawkish hike 

 RBNZ hiked 25 bps as anticipated, although twinkles of the meeting revealed that it was a close call as to whether they would hike by 25 or 50 bps point at this meeting. At the press conference, Governor Orr said a 50 bps hike can not be ruled out in the future. NZD was astronomically advanced against its major peers and took advantage of weaker safe havens CHF and JPY, with NZD/ CHF rising to a 5-week high. AUD/ NZD is below1.0700 and our strike target remains around1.0650, near the 50- day eMA. 

 

 EUR/ AUD hit our bearish triangle target before in the Asian session. Whilst the hourly trend remains bearish we're aware that it has fallen posted 11 bearish diurnal candles over the once 13 so happy to step away from this bone for now. 


 Gold back below 1900 

 With sentiment bruised yet showing signs of recovering, gold was a likely seeker to fall after its rally could n’t relatively probe the November high. After a minor trouble to challenge 1900 earlier in the Asian session, instigation has now turned lower and looks ripe for the retracement to continue, unless pressures rise formerly more. 

NZD strongest major after their 25 bps hawkish hike 

 RBNZ hiked 25 bps as anticipated, although twinkles of the meeting revealed that it was a close call as to whether they would hike by 25 or 50 bps point at this meeting. At the press conference, Governor Orr said a 50 bps hike can not be ruled out in the future. NZD was astronomically advanced against its major peers and took advantage of weaker safe havens CHF and JPY, with NZD/ CHF rising to a 5-week high. AUD/ NZD is below1.0700 and our strike target remains around1.0650, near the 50- day eMA. 

 

 EUR/ AUD hit our bearish triangle target before in the Asian session. Whilst the hourly trend remains bearish we're aware that it has fallen posted 11 bearish diurnal candles over the once 13 so happy to step away from this bone for now. 


 Gold back below 1900 

 With sentiment bruised yet showing signs of recovering, gold was a likely seeker to fall after its rally could n’t relatively probe the November high. After a minor trouble to challenge 1900 earlier in the Asian session, instigation has now turned lower and looks ripe for the retracement to continue, unless pressures rise formerly more.