Hotforex.com - Market Analysis and News.

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  1. #1181
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    Hotforex.com - Market Analysis and News.
    Date : 11th June 2021.

    Market Update – June 11 – Market relaxed on inflation fears.


    Trading Leveraged Products is risky

    Market News Today – Gilt yields closed higher after stronger than expected US inflation numbers, while Eurozone bonds, in particular BTPs, got a boost from the ECB announcement, which affirmed the commitment to keep monthly PEPP purchases “significantly” higher than at the start of the year. The ECB is essentially in wait and see mode and seems to be focusing very much on the outlook for the travel and tourism sector against the background of new virus variants. Central banks successfully convinced markets that the spike in inflation is transitory and after the spike in US inflation yesterday, the Eurozone May inflation round will likely look tame by comparison.

    In Asia, Australia and New Zealand bonds found buyers, but in South Korea bonds extended losses after comments from the central bank’s chief economist on normalizing policy. For now the factors driving the jump look transitory, but there are some lingering concerns that it could become entrenched and there was talk that central bankers willdiscuss tapering at the Jackson Hole meeting over the summer.

    In Europe, the bunch of data releases out of the UK at the start of the session was largely bond friendly, despite monthly GDP being a tad weaker than expected at 2.3% and industrial and manufacturing production unexpectedly dropping -0.3% and -1.3% respectively. The visible trade deficit meanwhile remains sizeable at around GBP 11 bln.

    In FX markets the Yen struggled and USDJPY lifted to 109.42, while the EUR strengthened and EURUSD is at 1.2192, while Cable is little changed at 1.4182. Stock markets mostly managed slight gains as markets continued to digest the uptick in US inflation. JPN225 is up 0.04%, GER30 and UK100 futures are still up 0.1% and 0.2% respectively and US futures are also higher, led by a 0.11% rise in the USA100. USOIL is at $70.14 per barrel.



    Biggest FX Mover – USA100 just a breath below 14k. Currently the rally has stalled, with fast MAs flattened along with RSI at 63 while Stochastic is sloping lower pointing to 20 barrier. ATR (H1) at 17.70 and ATR (D) at 142.70.

    Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

    Please note that times displayed based on local time zone and are from time of writing this report.

    Click HERE to access the full HotForex Economic calendar.

    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

    Click HERE to READ more Market news.

    Andria Pichidi
    Market Analyst
    HotForex

    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

  2. #1182
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    Date : 14th June 2021.

    Market Update – June 14 – USD & Equities hold onto gains.


    Trading Leveraged Products is risky

    Market News Today – Markets closed flat to higher on Friday close to ATHs. Dollar rose into close and holds its bid today. EURUSD is little changed at 1.2106, Cable at 141.13 and JPY 109.70. Yields fell to 3-mth lows at 1.428% on Friday. Many Asian markets closed today; no data in the US calendar and Eurozone releases focusing on April production data. G7 proposed 1 billion vaccine doses for LIC, a global infrastructure plan to rival China’s Belt & Road 25 yr scheme, a charge against human rights and more talk on the climate crisis ahead of COP26 in November. USOil rallied to test $71.00 and Gold collapse continued down to $1858.

    Week Ahead – All eyes on Wednesday (18:00 GMT) & the FOMC Announcement & Press Conference. Markets expecting more dovishness with “talk about talking about Tapering” not happening until the July or even September meeting. BOJ & SNB also on the stump. Biden meets Putin.

    European Open – DAX and FTSE 100 futures are up 0.1% and 0.2% respectively, and US futures are also posting gains of around 0.1-0.2%. The G7 rebuke to China was met with a quick rebuttal. The U.K. meanwhile is set to push the full lifting of virus restrictions back into July against the background of a fresh rise in case numbers. ECB President Lagarde meanwhile is quoted by Politico as saying that its too early to debate the end of PEPP as officials need to really anchor the economy. The results of the ECB’s strategic policy review meanwhile are hoped to be on the table by the end of summer.

    Today – EZ Industrial Production, ECB’s Schnable and BoE’s Bailey



    Biggest FX Mover @ (07:30 GMT) NZDCHF (+0.40%) has bounced from a big down day on Friday, a close below 200-day MA at 19-week low 0.6395. Breached 0.9400, Pivot Point and 20-hr MA today, 50-Hr MA at 0.6425. Faster MAs remain aligned higher, RSI 52 still neutral, MACD signal line and histogram rising but remain below 0 line from last week. Stochs. still moving higher and into OB zone. H1 ATR 0.0007, Daily ATR 0.0063.

    Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

    Please note that times displayed based on local time zone and are from time of writing this report.

    Click HERE to access the full HotForex Economic calendar.

    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

    Click HERE to READ more Market news.

    Stuart Cowell
    Head Market Analyst
    HotForex

    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

  3. #1183
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    Date : 15th June 2021.

    Market Update – June 15 – Equities at record highs.


    Trading Leveraged Products is risky

    Market News Today – US Markets closed at record highs (USA500 4255) and Asian stocks followed but closed mixed after key markets returned after long weekend. Dollar holds on to gains (USDIndex 90.40). EURUSD (1.2125) and Cable (1.4115) little changed. JPY holds the break of 110.00. Yields off 3-mth lows and up to recover 1.50%. USOil rallied again to $71.35 before cooling under $71.00 and the Gold collapse spiked as low as $1845, back to $1865 now. Copper off -2% yesterday too. Overnight – AUD Housing inflation steeper than expected, Bailey talked digital currencies & US passed the grim 600k Covid deaths milestone. Strong UK Jobs data, Claims, Earnings and Unemployment all beat expectations.

    Week Ahead – All eyes on Wednesday’s (18:00 GMT) FOMC Announcement & Press Conference. Markets expecting more dovishness with “talk about talking about Tapering” not expected to happen until the July or even September meeting. BOJ & SNB also on the stump. Biden meets Putin Wednesday after NATO summit.

    European Open – DAX and FTSE 100 futures are up 0.4% and 0.3% respectively, US futures are posting gains of around 0.1%, after another record on Wall Street yesterday. Investors seem to be putting inflation concerns aside for now although mutterings that there could be more lasting shifts in prices are getting louder. For now though the focus is on the FOMC announcement tomorrow. The U.K. pushed out the date for the full lifting of Covid restrictions to July 19.

    Today – Empire State Manu. PPI, Retail Sales, Industrial Production, ECB’s Lane, Panetta, BoE’s Bailey, Government supply from the UK, Germany & US.



    Biggest FX Mover @ (07:00 GMT) USDNZD (+0.26%) has bounced from a big down day on Friday, at 0.7115 and a floor yesterday at 0.7130, to move over 0.7150 and clear of the 20-hr MA. Next resistance 0.7180. Faster MAs remain aligned higher, RSI 58 and rising, MACD signal line and histogram rising and testing 0 line. H1 ATR 0.00072, Daily ATR 0.0060.

    Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

    Please note that times displayed based on local time zone and are from time of writing this report.

    Click HERE to access the full HotForex Economic calendar.

    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

    Click HERE to READ more Market news.

    Stuart Cowell
    Head Market Analyst
    HotForex

    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

  4. #1184
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    Date : 16th June 2021.

    Market Update – June 16 – FX Markets waiting for FOMC.


    Trading Leveraged Products is risky

    Market News Today – US Markets closed down from new ATH’s (USA500 -8.5 4246) Mixed US data BIG miss for Retail Sales but PPI was stronger than expected. Dollar awaits FOMC – FX markets moribund. (USDIndex 90.44, EURUSD 1.2125, and Cable 1.4090. JPY holds the break of 110.00 & Yields the break of 1.50%. USOil rallied again to $72.50 following API inventory drawdowns. Gold dipped to $1850 and back to $1860 now. – Biggest move – VIX.F rallied over 13% to 19.42. Overnight – JPY data weaker than expected but a huge jump in Exports to a 41 year high. – UK Inflation (2.1%)- stronger than expected following big rise in jobs data yesterday.

    European Open – The September 10-year Bund future is little changed, as are U.S. futures, while in cash markets the US 10-year rate has moved up 0.5 bp to 1.497%, as markets wait for the FOMC announcement today. The big question will be whether the Fed signals that it is starting to think about tapering and investors are likely to trade cautiously into the event. DAX and FTSE 100 futures are up 0.019% and 0.153% respectively. US futures narrowly mixed, with the Nasdaq future outperforming and up 0.5%.

    Today – Chinese Industrial Output and Retail Sales, Canadian CPI, FOMC Policy Decision and Fed Chair Powell, US-Russia Summit, UK Economic Update (Treasury), ECB’s Elderson, de Guindos



    Biggest Mover @ (07:30 GMT) VIX.F (+12.5%) gapped on open to 19.42 following a test of the pre-pandemic low on Monday at 16.00. Closed yesterday at 17.17. Next resistance 20.00, support 20-day MA at 18.65. Faster MAs remain aligned higher, RSI OB and flat at 78, MACD signal line and histogram rising and significantly above 0 line. H1 ATR 0.3300 Daily ATR 1.14.

    Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

    Please note that times displayed based on local time zone and are from time of writing this report.

    Click HERE to access the full HotForex Economic calendar.

    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

    Click HERE to READ more Market news.

    Stuart Cowell
    Head Market Analyst
    HotForex

    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

  5. #1185
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    Date : 17th June 2021.

    Market Update – June 17 – BIG Surprise from the FOMC Dots.


    Trading Leveraged Products is risky

    Market News Today – FED no rate change and $120bn bond buying to continue. BUT BIG hawkish surprise with plans for 2 x 0.25% rate rises in 2023 (13/18 votes), it had been 2024 and even 7/18 see rate rises in 2022. Statement increased 2021 growth to 7% from 6.5%, and inflation to 3.4% from 2.4% 3 months ago. “risks to the economic outlook remain“, rising inflation was “largely reflecting transitory factors”, recovery “significantly” dependent upon the next steps of the virus. We will taper when economy has reached “substantial further progress” will do what we can to “avoid a market reaction”. Next meeting July 27/28.

    USD (91.43), Yields (1.57%) and the VIX (20.46) all rallied.
    Stocks (-0.54%), Commodities(-2.0%+), EM currencies & Oil($71.10) all sank.
    Biden-Putin – both talked tough and of a “constructive” first Summit. The thorny issues of Nuclear Weapons, (my arsenal is bigger than yours) Cybersecurity (leave us alone, we never touched you) Geopolitics (where you go we will follow) were all on the agenda.

    Overnight – Big beats for AUD Jobs (115.2 k vs 30.5K) & Unemployment (5.1% vs 5.5%) & NZD GDP (1.65% vs 0.5%) data.

    European Open – The September 10-year Bund future is down -63 ticks in catch up trade, while Treasuries have started to stabilise after the post-FOMC sell off. The slightly more hawkish stance at the Fed and stellar data out of Australia and New Zealand overnight seems to signal that markets need to prepare for a gradual withdrawal of stimulus. DAX and FTSE 100 futures are still down -0.3% and -0.4% respectively, US futures are also under pressure, after a largely weaker session in Asia overnight and a lower close on Wall Street. ECB’s Lane – “don’t be premature with assumptions over PEPP tapering” September meeting important but “a lot of data still to to come” before December.

    Today – Norges Bank, SNB and CBRT rate decisions, Eurozone CPI (final), US Weekly Claims, Philly Fed, CB Leading Index & ECB’s Elderson.



    Biggest Mover post FED @ (06:30 GMT) XAGUSD (-2.51%) turned lower again, ahead of FED after rejecting 27.80. Moved significantly below 27.00 to test of 26.56 in immediate aftermath, closed at 26.95. Faster MAs remain aligned lower, RSI 30.35 and testing OB zone, MACD signal line and histogram falling and significantly below 0 line. H1 ATR 0.210 Daily ATR 0.603.

    Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

    Please note that times displayed based on local time zone and are from time of writing this report.

    Click HERE to access the full HotForex Economic calendar.

    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

    Click HERE to READ more Market news.

    Stuart Cowell
    Head Market Analyst
    HotForex

    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

  6. #1186
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    in ro ham eslah kon:
    Date : 18th June 2021.

    Market Update – June 18 – The FED still dominates.


    Trading Leveraged Products is risky

    Market News Today – USD holds on to gains (USDIndex test 92.00) US Equities mixed – (USA100 +0.87% & new ATH, USA30 -0.62%). BoJ left policy unchanged and stuck to its ultra-accommodative policy setting & extended COVID funding. JPY Inflation came in better than expected to with the CORE reading turning positive (just) for the first time since April 2020. Asian shares up but closing lower for the week. Round Number Friday – EUR down to1.1900, JPY 110.00 and Cable 1.3900. 10 yr Yields 1.51% but the spreads between US Corporate debt and US Government debt is at a 10-year low¹ – and could explain the tech rally yesterday following the Hawkish FED. Gold dived to $1770 (open the week at $1875; -5.6%) trades at $1785 now. USOil

    Overnight – Big beat for German PPI (1.5% vs 0.7%, & 0.8% prev.) and big miss for UK Retail Sales (-1.4% vs 1.5%, & prev: 9.2%)

    European Open – The September 10-year Bund future is slightly lower and in cash markets Eurozone bonds are also finding some support, although the U.S. 10-year rate has lifted 0.7 bp to 1.51% overnight. Stocks traded narrowly mixed across Asia and DAX and FTSE 100 futures are also little changed, while US futures are slightly higher, led by a 0.3% rise in the NASDAQ. With growth stabilising the tide is slowly turning, although it is clear that central banks will be taking a very, very cautious approach on tapering, with policy set to remain extremely accommodative for a long time to come. It seems unlikely that the BoE will break the line when it meets next week. – Action Economics

    Today – Little new news today – EU Econ Ministers meeting & Fed’s Kashkari, its also Quadruple Witching Friday (Quarterly Index & Stock Options and Futures Contracts all expire – 3rd Friday of the Quarter)



    Biggest FX Mover @ (06:30 GMT) NZDJPY (-0.59%) turned lower again, has been under 20-day moving average since June 3 from 78.76. Breached 78.00 yesterday and 77.00 today. Faster MAs remain aligned lower, RSI 24 & OB, MACD signal line and histogram falling and significantly below 0 line. H1 ATR 0.130 Daily ATR 0.620.

    Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

    Please note that times displayed based on local time zone and are from time of writing this report.

    Click HERE to access the full HotForex Economic calendar.

    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

    Click HERE to READ more Market news.

    Stuart Cowell
    Head Market Analyst
    HotForex

    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

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