Hotforex.com - Market Analysis and News.

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  1. #1291
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    Hotforex.com - Market Analysis and News.
    Date : 8th December 2021.

    Market Update – December 8 – Stocks extend gains.


    Trading Leveraged Products is risky

    * USD (USDIndex settled at 96.10) as risk appetite continued to improve, with global stock markets strengthening following Wall Street higher, with Topix and JPN225 posting gains of 0.6% and 1.4%. – The BOJ bought a total of 1.025 trillion yen ($9.03 billion) JGBs.
    * Reuters: Intel’s INTC.O announcement of plans to take its self-driving car unit Mobileye public in the United States next year pushed his shares to a 3% gain and cheered chip investors across the board.
    * Japan Q3 GDP revised lower with second report. Shoppers seemed to have already tightened their purse strings, leaving overall activity down -3.6% on a seasonally adjusted annualised basis. Business investment wasn’t quite as weak as feared, but the pressure on spending already evident in Q3 may foreshadow the impact Omicron will have on the overall outlook. Supply chain issues are weighing on exports and will continue to weigh on growth in Q4, which is generally expected to be even worse than the third quarter.
    * US Yields 10-year rate still dropped -1.0 bp to 1.46% overnight, and JGB rates and Australia yields also corrected, as speculation that central banks will move earlier than anticipated is pushing up short rates, while supporting the long end to some extent.
    * The bear flattening trade continues to weigh on Treasuries. The significant cheapening in rates since last month amid rising risks of Fed rate hikes made the maturity a little more palatable. The apparent strength in the economy is also adding to expectations the FOMC will not only announce an acceleration in QE tapering next week, but could also push up rate liftoff to the spring, and potentially hike rates three times in 2022.
    * USOil – steadied at $71.00 – Risks: assessment of full impact of the Omicron variant on economy; effectiveness of existing vaccines; US-Iran nuclear talks to resume later this week; US-Russia tension raised as Biden warns Putin of sanctions, Nord Stream 2 disruption if Russia invades.
    * FX markets – US Dollar struggled, EUR and Sterling strengthened somewhat against a largely weaker Dollar, leaving EURUSD at 1.129 and Cable at 1.3240. USDJPY pullback to 113.30.

    European Open- The March 10-year Bund future is fractionally lower, underperforming versus US futures, while in cash markets the US 10-year rate has corrected -1.4 bp to 1.46%. 2-year yields have moved higher and curves flattened as improved growth optimism is boosting expectations of central bank action as inflation remains high. The Fed has sounded hawkish through the Omicron scare so far and while the doves at the BoE and ECB may want to err on the side of caution next week, the tide on monetary policy clearly is turning.

    Today – The European data calendar is pretty quiet today, ahead of German trade data tomorrow and UK GDP numbers on Friday. Hence all eyes today are on BoC rate decision and statement. US Jolts are also on tap.



    Biggest FX Mover @ (07:30 GMT) EURGBP (+0.42%) Currently MAs are aligned higher as the asset recovered more than 50% of 3-day losses, MACD signal line & histogram are above 0 and RSI is retesting OB barrier, but Stochastic declines suggesting a possible correction. H1 ATR 0.00062, Daily 0.00448.

    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. #1292
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    Date : 9th December 2021.

    Market Update – December 9 – Imminent inflation data puts the rate outlook back in focus!


    Trading Leveraged Products is risky

    * USD down (USDIndex at 95.80) as Omicron worries ebbed further after reports that 3 jabs of the Pfizer vaccine are offering good protection against the variant, with global stock markets sustaining weekly gains but traded mixed, with USA30 and USA100 unchanged most of the session.
    * The BoE is increasingly seen to push back a planned rate hike into next year, which is adding to pressure on the Pound.
    * The JOLTS report showed a bounce in openings to another 11 mln level, but a decline in quits.
    * The Bank of Canada left policy on hold, as expected.
    * A business outlook indicator for Japan came in much stronger than anticipated, but Topix and JPN225 still dropped -0.6% and -0.5% respectively.
    * US debt limit drama averted as Senate leadership makes a deal (expected at $2 trl increase) – The Senate could take it up perhaps today, with the House voting on Friday, allowing possible enactment just before Christmas.
    * US Yields 10-year rate remains above the 1.5% mark though as confidence in the global recovery continues to strengthen, with most expecting the latest virus variant to provide only a temporary set-back for the world recovery and as ongoing Fed tightening worries continue to unwind safe haven trades since Thanksgiving.
    * China PPI inflation drops back from 26-year high. – creates room for further stimulus measures.
    * USOil – rose to $73.12.
    * Gold: at the $1780 area as there are limited gains on elevated Treasury yields and caution in the run-up to a key US inflation data and Federal Reserve policy meeting, which capped gains of the non-yielding asset.
    * FX markets – AUD and NZD were sought as local yields moved higher. Sterling stabilised, after selling off yesterday and Cable is currently at 1.3213. EURUSD corrected overnight, but is still firmly above the 1.13 mark at currently 1.1331. USDJPY at 113.50.

    European Open- The March 10-year Bund future has lifted 16 ticks to 173.65, outperforming versus Treasury futures, which are little changed, although in cash markets the US 10-year rate has also corrected from yesterday’s highs. GER30 and UK100 futures are up 0.1%, after being pressured by a jump in yields yesterday, as ECB officials signalled that Omicron won’t derail plans to phase out PEPP in time next year.

    Today – In the US, Jobless claims are on tap. In Switzerland SECO will release its latest set of forecasts ahead of next week’s SNB decision.



    Biggest FX Mover @ (07:30 GMT) EURJPY (-0.36%) Currently MAs are aligned lower as the asset turned below PP. MACD signal line & histogram are slipping, RSI is at 41 and Stochastic declined to 12. H1 ATR 0.127, Daily 0.908.

    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.

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    Date : 10th December 2021.

    Market Update – December 9 – Imminent inflation data puts the rate outlook back in focus.



    Trading Leveraged Products is risky

    * USD (USDIndex firmed at 96.25) as caution dominated. Profit taking knocked stocks a little lower after recent gains as concerns over Omicron and the renewed restrictions in the UK and in other areas weighed on the more optimistic growth outlooks into 2022.
    * Asian stock markets have sold off across the board, with Topix and Nikkei currently down -0.8% and -1.0% respectively.
    * China Evergrande Group and Kaisa Group Holdings Ltd officially defaulted on their dollar debt.
    * China’s central bank meanwhile took further steps to limit the Yuan’s strength by setting the weakest reference rate relative to estimates since 2018, – according to Bloomberg. The bank already raised the foreign currency reserve requirement yesterday for a second time this year.
    * German HICP inflation was confirmed at 6.0% y/y, the national CPI rate at 5.2% y/y. The final readings for November were no surprise and the breakdown confirmed that higher energy prices were a key factor.
    * UK GDP weaker than expected in November – More arguments then for the BoE to sit out yet another meeting next week and push the rate hike debate into 2022.
    * US Yields: 10-year Treasury yield is up 0.5 bp at 1.50% – Treasury yields richened, in part on the risk off in stocks and on short covering as some of the recent selling pressures were overdone
    * USOil – dip to $70.16 – biggest weekly gain since late August! Brent & WTI both on >6% rise this week. – RISK: China’s domestic air traffic recovery faltering due to zero-COVID policy, that has led to tighter travel rules in Beijing and weaker consumer confidence after repeated small outbreaks.
    * FX markets – US Dollar firmed at 96.25, Chinese Yuan got a boost, EURUSD settled below 1.1300 on ECB’s debate news, Cable at 1.3214. Yen generally steady to lower against most currencies.

    European Open- The March 10-year Bund future is down -15 ticks, slightly underperforming versus US futures, while in cash markets the 10-year Treasury yield is up 0.5 bp at 1.50%, after the paper erased overnight gains. GER30 and UK100 futures are down -0.5% and -0.4% respectively, after a broad sell off across Asian markets.

    In Europe, expectations for a BoE rate hike have been pushed back as the UK ramps up virus restrictions. The ECB is set to confirm the end of PEPP, but seems to be still debating if and how to soften the blow with a strengthened APP program. In any case, net asset purchases will continue even when the emergency PEPP program has ended.

    Today – Data releases today focus on ECB’s Lagarde speech, US inflation and Michigan index.



    Biggest FX Mover @ (07:30 GMT) XAUUSD (-0.20%)Currently MAs are aligned lower with the asset below PP. MACD signal line & histogram are moving southwards below 0 and RSI is retesting OS barrier, with Stochastic declines suggesting further pressure.

    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.

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    Date : 13th December 2021.

    Market Update – December 13 – Omicron sentiment improves to start Big week.


    Hot CPI data on Friday, all-time highs for stocks and a steady to stronger USD, greets a big week for central banks as markets enter the last three weeks of the year.

    * USD (USDIndex 96.22) rises from dips below 96.00 on Friday. Omicron news improves, case peaks appear to have been hit in Gauteng, South Africa, hospitalizations have stabilized and projected death rates appear to be 25 times lower than Delta, mixing Pfizer, AZ & Moderna vaccines appear to give better immunity and Anti-viral drugs from Merck & GSK new data improving. US deaths top 800k, is now present in 30 states and first Omicron case traced to November 15. Stocks hit new all-time highs Friday USA500 +0.95% (+44pts) 4712, Futures now at 4722
    * US Yields 10-year rates fell to 1.48%, down about 5 basis points from last week’s peak, and trades at 1.49% now.
    * Asian Markets – Asian indices are broadly higher, despite a slightly weaker than hoped Tankan survey for Japan and more omicron warnings, which were counterbalanced by signs that China will take further steps to boost the economy. Topix and Nikkei are currently up 0.1% and 0.7% respectively, while Hang Seng and CSI 300 are posting gains of 0.5% and 0.7%. Shanghai and Shenzen Comp have lifted 0.4% and 0.6% so far and the ASX closed 0.4% higher.
    * USOil – continues to recover and holds over $70.00 for a 5th consecutive day and trades at $72.25.
    * Gold – dipped to test key $1770 on Friday, recovering to $1785 now

    European Open – The March 10-year Bund future is down -16 ticks, U.S. futures are outperforming slightly, but are also in the red. DAX and FTSE 100 futures are currently posting gains of 0.4% and 0.3% respectively and U.S. futures are also posting gains of around 0.3%. In FX markets both Euro and Sterling struggled against a largely stronger dollar, leaving EURUSD at 1.1285 and Cable at 1.3227 and USDJPY at 113.50. The UK upped its warnings on the omicron variant over the weekend and is targetting all adults to have received a booster by year-end, a month ahead of current schedule. In the short run at least, the risks to growth forecasts are to the downside, which will also overshadow central bank decisions this week.

    BoE, ECB, SNB and Norges Bank are all set to announce policy on Thursday – hot on the heels of the FOMC decision on Wednesday. For the BoE it will likely mean that the flagged rate hike will be pushed out into next year, and possibly 2023 although inflation and labour market data ahead of the announcement could throw a spanner in the works.

    Today – OPEC Oil Market Report, BoE Financial Stability Report, Speech from BOE’s Bailey.



    Biggest FX Mover @ (07:30 GMT) GBPUSD (-0.31%) Recovered from sub-1.3200 Friday to 1.3265 highs, down on open and 1.325 now. Currently MAs aligned lower, MACD signal line & histogram moving lower, RSI 46.00 & weakening. H1 ATR 0.0011, Daily 0.0081.

    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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    Date : 14th December 2021.

    Market Update – Omicron Sentiment slips – Fed in Focus.



    * USD (USDIndex 96.35) holds Monday’s gains (95.40), Stocks closed lower (Nasdaq worst performer -1.39%) & Yields drop (10yr 1.422%). Major FX pairs sideways into FED. Omicron news weighed, first death in UK, WHO – this variant “very high risk” but data on severity limited, & another study shows 2-dose vaccines don’t lower antibodies.
    * US Yields 10yr traded down to 1.416% up to 1.4216 now.
    * Equities – USA500 -43.00 (-0.91%) at 4668 – USA500.F trades higher at 4878.
    * USOil – lost over $2.00 under $70.50 – now recovered $71.00 & trades at 71.20.
    * Gold spiked to $1790, sank to $1782, now struggles at $1788.
    * FX markets – EURUSD 1.1270, USDJPY 113.70, Cable back down to 1.3200 from 1.3275 yesterday.

    Overnight – JPY Industrial production, much better than expected, AUD business confidence better than expected, GBP data dump also better than expected (Earnings 4.9% vs 4.6% & 5.9% last time, Claims down nearly 50k vs 15K last time & expectations of -31k & Unemployment unchanged at 4.2%).


    European Open – March 10yr Bund future down -0.6 bp at 174.62, slightly underperforming vs Treasury futures. Yields remain at low levels though as markets keep a wary eye on omicron developments while waiting for this week’s round of CB meetings. FOMC kicks off its 2-day session today, with an announcement due tomorrow. DAX & FTSE 100 futures up 0.1% & 0.3% respectively. Sentiment stabilising after virus restrictions.

    Central banks will have a difficult task trying to balance inflation concerns & virus nerves though the FOMC it seems remains on course to speed up tapering. ECB still looks dovish by comparison, even if it is set to confirm the timely end of PEPP on Thursday, which is keeping a lid on EUR. BOE is also expected to push back the flagged rate hike into 2022 as virus restrictions are tightening & Cable has dropped to test 1.3200. This morning’s jobs news adds to BOE Hawks.

    Today – IEA OMR, EZ Industrial Production, US PPI.



    Biggest FX Mover @ (07:30 GMT) GBPUSD (-0.31%) Recovered from sub-1.3200 Friday to 1.3265 highs, down on open and 1.325 now. Currently MAs aligned lower, MACD signal line & histogram moving lower, RSI 46.00 & weakening. H1 ATR 0.0011, Daily 0.0081.

    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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    Date : 15th December 2021.

    Market Update – December 15 – FOMC Day – A Hawkish FOMC priced in?


    Trading Leveraged Products is risky

    * USD (USDIndex 96.39) holds onto gains, close to 2-wk high. Stocks closed lower (Nasdaq worst performer again -1.14%) & Yields drop. US PPI climbed to 9.6% from 8.8%, new ATH. Major FX pairs sideways into FED. US Senate agrees gov. funding into February. Asian markets largely weaker. Omicron news mixed – Pfizer pill 90% effective in final trails, Sinovax & the 3 US vaccines – ineffective after 2 doses vs Omicron – US study, Omicron spreading at “unprecedented rate” – WHO.
    * US Yields 10yr traded down to 1.416% up to 1.438% now.
    * Equities – USA500 -34.88 (-0.75%) at 4634 – USA500.F trades flat at 4633. MFST -3.26%. Musk could have off-loaded $18m. worth of #TSLA (-0.82%) stock by year end – CNBC.
    * USOil – under $70.00 – EIA unsure about Omicron impact on fuel demand – trades at $69.40 testing 8-day lows.
    * Gold spiked under key $1770, sank to $1766.70, earlier – now struggles at $1769.
    * FX markets – EURUSD 1.1275, USDJPY 113.70, Cable recovers from breach of 1.3200 to trade at 1.3245 now. (98 Tory MP’s voted against PM Johnson’s plans for further restrictions, motion was passed with opposition support).

    Overnight – CNY – mixed data Factory output speeds up but Retail Sales miss (3.9% vs 4.9%), GBP CPI jumps to 5.1% (10-yr high) vs 4.8% vs 4.2% last time – CORE leaps to 4.0% from 3.4%. RPI (which only looks at consumption up to 7.1%) – factory gate prices are up 9.1% & input costs up 14.3% on a year ago – even more grist to the mill for BOE hawks.

    European Open – The March 10-year Bund future is down -3 ticks, while the 30-year year has moved higher overnight. U.S. futures are also posting fractional gains. A mixed and cautious picture then as markets wait for the FOMC announcement, which is expected to confirm a faster tapering schedule, despite latest virus developments. The DAX future is up 0.17% the FTSE 100 is down -1.6%, as the BoE starts its meeting.

    Central banks will have a difficult task trying to balance inflation concerns & virus nerves though the FOMC it seems remains on course to speed up tapering. ECB still looks dovish by comparison, even if it is set to confirm the timely end of PEPP on Thursday, which is keeping a lid on EUR. BOE is also expected to push back the flagged rate hike into 2022 as virus restrictions tighten.

    Today – Canadian CPI, US NY Fed Manufacturing, Retail Sales, DoEs, FOMC policy announcement and Fed Chair Powell press conference



    Biggest FX Mover @ (07:30 GMT) AUDCHF (+0.36%) rallied from 6-day low yesterday at 0.6538 to 0.6585 now. Currently MAs aligned higher, MACD signal line & histogram moving higher & have breached 0 line, RSI 60.95 & rising. H1 ATR 0.0008, Daily 0.0072.

    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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    Date : 16th December 2021.

    Market Update – 16/12/21 – FOMC – Taper Ends March, 3 x 25bps Rate Hikes 2022.



    “The economy no longer needs increasing amounts of policy support” – Powell

    Inflation “uncomfortably high” – has exceeded 2% target “for some time”

    Jobs – “we are making rapid progress toward maximum employment”

    Looking at a soft landing for economy, as Virus fades, Inflation dissipates on its own (2.6% 2022 – 2.1% 2024?) & Full employment (Unemployment @3.5%) runs through next 3 years.

    * USD (USDIndex 96.21) rallied to 96.85 on FED weakened thereafter. Stocks rallied (Nasdaq best performer +2.15%) & Yields rallied. Omicron news mixed again with large rise in cases in UK, SA – Pfizer booster not as effective as elsewhere.
    * US Yields 10yr traded up to 1.461% & holds gains.
    * Equities – USA500 +75 (+1.63%) breaching key 4700 at 4709 – USA500.F trades up at 4727 knocking on the door of ATHs.
    * USOil – rallied from under $70.00 to $71.41 on FED & Inventories.
    * Gold held in check by higher yields & USD then reversed – sank to $1753 (46 day low) before bouncing to $1785.
    * FX markets – EURUSD 1.1310 from 1.1225, USDJPY 114.10 from 114.25, Cable 1.3263 from 1.3170.

    European Open – March 10-yr Bund future slightly higher, as is the Treasury future, Stock markets have taken hawkish Fed pivot in their stride and DAX and FTSE 100 are up 1.5% and 1.1% respectively ahead of European central bank meetings today. Investors welcomed the clarity on the Fed path and will also have seen the move as a sign of confidence in the recovery. In Europe, ECB is set to confirm the end of PEPP, SNB is expected to keep policy settings unchanged, BoE and Norges Bank will discuss a rate hike in the shadow of Omicron. On balance it seems more likely that Norges Bank will go ahead with the planned hike, while BoE will sit out another meeting as the country debates a circuit breaker lockdown amid 78K virus cases (highest ever) yesterday and signs it’s spreading 4x faster than Delta, fears of hospitals being overrun with cases although milder and companies suffering with many workers off sick.

    Today – SNB, Norges, CBRT, BoE, ECB, Flash PMIs, US Weekly Claims – & bi-election in UK a further test of Johnson’s authority.



    Biggest FX Mover @ (07:30 GMT) GBPJPY (+0.36%) rallied from below 150.00 on Tuesday to 151.70. MAs aligned higher, MACD signal line & histogram moving higher, RSI 72.30 OB & still rising. H1 ATR 0.225, Daily 1.20.

    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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    Date : 17th December 2021.

    Market Update – December 17 – USD slips, Gold pops, BOJ no change.



    * USD (USDIndex 95.80) continues to cool post FED. Stocks sank lead by Tech (Nasdaq -2.47%, wiping out Wednesdays gains) & Yields fell. A weak set of PMI’s across the globe was offset by good US Claims numbers and hot housing data. Sentiment remained depressed across Asian markets overnight, with Chinese tech stocks in particularly hit. GOLD rallied significantly. The BOE surprise lifted GBP – but Johnson lost the bi-election (a seat the party have held for 200-yrs). BOJ – No changes maintains longer JGB outlook at 0% & Inflation target @ 2%.
    * US Yields 10yr traded down significantly to 1.411%
    * Equities – USA500 -41 (-0.87%) unable to hold the key 4700 – at 4668 – USA500.F trades at 4660. Big losers included #TSLA -5.03%, APPL -3.93% Abode -10.19%. gainers were Verizon +4.35%, PFE +4.17% & banks lead by WFC +2.78%
    * USOil – rallied again to $72.65 but has since retreated to $71.75
    * Gold – BURST from range to close over $1800 ( from test of 46 day low on Wednesday at $1753) over $1805 today at $1808 currently.
    * FX markets – EURUSD 1.1330, USDJPY 113.55, Cable 1.3320.

    Overnight – German Producer Prices (miss at 0.8% vs 1.4% & 3.8% prior) but Bundesbank sees German Inflation @ 3.6% for 2022 vs 1.8% in June) UK Retail Sales, better than expected 1.4% vs 0.8% & 1.1% last time)

    European Open – The March 10-year Bund future is up 21 ticks at 174.26, outperforming versus Treasury futures, which are fractionally higher. DAX and FTSE 100 futures are down -0.5% and US futures are also in the red, with the NASDAQ still underperforming and down -0.2%. Wall Street closed with broad losses yesterday and sentiment remained depressed across Asian markets overnight, with Chinese tech stocks in particularly hit. This week’s round of central bank decisions confirmed that banks are moving out of crisis modes and that omicron won’t prevent a gradual withdrawal of support. In Europe the BoE’s rate hike in particular send a pretty clear signal and markets will continue to digest this week’s round of meetings today. The calendar has German Ifo readings, which are likely to look pretty dismal, if yesterday’s PMI reports are anything to go by.

    Today – Quad Witching; CBR Policy Announcements.





    Biggest FX Mover @ (07:30 GMT) NZDJPY (-0.36%) rRejection of 78.00 yesterday is follwed by more weakness today. MAs aligned lower, MACD signal line & histogram moving lower & under 0 line, RSI 40 & falling.

    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.

  10. #1300
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    in ro ham eslah kon:
    Date : 20th December 2021.

    Market Update – December 20 – Risk-Off greets the start of Week 51.



    * USD (USDIndex 96.60) rallied on Friday from 95.80 lows and holds gains to start the week. Stocks sank again on Friday and are lower today, Yields also fell and remain down. Oil tanked -2.79% Friday to 2-week lows, GOLD rallied and cooled but holds $1800. Risk off starts the new week with JPY in demand. Catalyst – OMICRON – lockdowns and further restrictions in Europe, health systems stretched. Other market news – China cuts borrowing costs, Biden’s $1.75tn build back better bill will be blocked by Manchin. Chile (worlds biggest Copper producer) elects young left-wing President (Boric).
    * US Yields 10yr traded down significantly to 1.402% on Friday, now down again 1.36%
    * Equities – USA500 -48 (-1.03%) at 4668 (was down over 68pt) Dow lost over 500pts– USA500.F trades down again at 4568.
    * USOil – slumped over -2.79% to close at $70.14 and is down another $2.50 again today to $67.50
    * Gold – Another volatile day on Friday, touched 1815 but closed at 1798. Holds over $1800 currently.
    * FX markets – EURUSD 1.1250 from 1.1235, USDJPY 113.40 from 113.70 close on Friday, Cable closed at 1.3234 down again today to test 1.3200, after more political turmoil, as Brexit Minister Lord Frost resigns and more photos of Tory staff (including Jonson) breaking lockdown rules.

    Overnight – ECB’s de Cos: Rate hikes are unlikely in 2022, NZD Trade balance improves significantly and consumer sentiment surprisingly holds up.

    European Open – The March 10-year Bund future is up 36 ticks, the 30-year has rallied 90 ticks, alongside broad gains in US futures, amid concern that Biden’s spending package won’t get sufficient support to go ahead after all. US growth forecasts are already being revised down in some quarters and without the prospect of considerable fiscal support, it will remain up to the central bank to keep the economy afloat, which will likely mean a less aggressive tapering schedule from the Fed. Stock markets tanked across Asia on the news and DAX and FTSE 100 are down -2.2% and -1.7% respectively. Virus developments are adding to the risk off backdrop, with parts of Europe already back in lockdown and others once again contemplating wide spread closures over the holiday period as booster programs are not fast enough to deal with the Omicron variant.

    Today – U.S. leading indicators.



    Biggest FX Mover @ (07:30 GMT) AUDJPY (-0.74%) Down from 82.40 on Thursday to 80.25 now. MAs aligned lower, MACD signal line & histogram moving lower & under 0 line since early Friday, RSI 26, OS but still falling. H1 ATR 0.17 Daily ATR 0.97.

    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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