Market Updates at a Glance 18/5/22 (Wednesday)
☛Another Dead Cat Bounce in the Option Expiration Week? Eyeing the OPEX on Friday.

➤U.S stocks jumped the most to one-week highs as better-than-expected retail sales data signaled the strength in consumption and it's also an option expiration week with Dow +1.34%, S&P 2.02% & Nasdaq +2.76%.
☛Check it out my chart tweets @ce83lim- to see how option expiration week affected the stock price (in yellow vertical dotted line)

➤The US dollar index fell for a third consecutive session to 103.31 (-0.84%) despite rising treasury yields across the curve after Powell's comment to keep hiking rates until it controls inflation.
The yield of 10-year treasury jumped to 3%.

➤EUR & GBP continued with the rally against the greenback, with EUR closed at 1.0553(+1.13%) with the chance of rate hike in July increasing. While GBP jumped to 1.2491 (+1.39%). UK Q1 unemployment rate fell to 3.7%, the lowest since 1974.

➤Gold edged lower to $1814, the precious metal was under pressure and trading below the 200-day Moving average.

➤Bitcoin continued to struggle near $30,000.

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