Market Updates at a Glance: 18 March 2022 (Friday)

☛U.S Stocks Fueled by Risk-On Move. Eyeing the Flattening Yield Curve.

➤US stocks continued higher on Thursday despite Fed's hawkish stance. Fed raised interest rate for the first time in 3years yesterday and signaled another 6 this year.

➤The US dollar index extended the decline to near 98 as market digested the Federal Reserve Rate Hike. The yield curve is further flattening, which signal a possible recession.

➤GBP ended flat near 1.3149 after a wild intraday session. BoE raised interest rate to 0.75%, a third increase since December.

➤EUR continued higher to 1.1092.

➤Gold rebounded for the second day to $1941.

➤Oil (Brent) surged +8.3% & recaptured the $100 level. Russia denied any significant progress on peace talks

➤BTC trading around $40,000 & XRP near 0.79000.

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