Hotforex.com - Market Analysis and News.

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  1. #1381
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    Hotforex.com - Market Analysis and News.
    Date : 18th April 2022.

    Market Update April 18.


    Trading Leveraged Products is risky

    USD boomed, breaching 100.70, Yields rallied significantly, Stocks sank amid thin trade into holiday-extended weekend. The potential aggressive 50 bp rate hikes from the FOMC in May, and likely June too, kept markets cautious. Chinas PBoC announced a 25 bp reduction in the reserve requirement ratio (RRR) for big banks, and 50 bp for smaller banks, on the heels of Wednesdays call from the State Council for such action. It will take effect on April 25. Chinas GDP expanded by 4.8% in Q1. USDJPY had a short lived rally this morning to 126.78, before both Bank of Japan Governor Haruhiko Kuroda and Finance Minister Shunichi Suzuki voiced concerns. Kuroda made clear on Monday that while a weak yen could impact corporate profits, it was premature to debate any exit from that easy policy.

    * Stocks lower (NASDAQ at 4360.88) Nikkei closed down 1.08% at 26,799.71 on Monday with US, China and Japan the only ones open today.
    * USDIndex retests 100.70 highs.
    * Equities USA500 at 4360 lows.
    * Oil gapped up to $108.54 over supply concerns again as Libya halted operations at El Feel oilfield due to protests, and US oil drilling, output moving higher with energy prices.
    Gold spiked to $1990 Thin liquidity, firm yields risk aversion?
    * Bitcoin sank to 38,444.
    * FX markets Yen 10% weaker since beginning of March. EURUSD steady below 1.0800 (2-year lows), Cable tumbled at 1.3017, AUDUSD near 1-month low at 0.7350 (breaking 50-day SMA).

    Today Comments from Fed Chair Powell, BOE Bailey and ECB President Lagarde on Thursday will be interesting but we do not expect any new ground to be broken. There is little on this weeks calendar data-wise and todays slate has just the NAHB housing market index. There is Fedspeak from Bullard.



    Biggest FX Mover @ (07:30 GMT) XAGUSD (+1.40%) Breached R1 at 25.90. MAs aligned higher, MACD signal line & histogram moving higher, RSI 58 but flattenning, H1 ATR 0.1021, Daily ATR 0.556.

    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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    아이스작대기 Mình rất th*ch sản phẩm n*y nhỏ nhắn dễ đem theo rất tiện dụng v* dễ dùng

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    Date : 19th April 2022.

    Market Update April 19 Markets are back.


    Trading Leveraged Products is risky

    Markets are back today. European as well as US stock futures are moving higher, after a mixed close across the Asia-Pacific region overnight. Heightened geopolitical risks weighed on confidence and mainland China bourses failed to get a real boost from the PBoCs pledge to support the economy. The Ukraine war and central bank moves will remain in focus, amid further signs of weakening growth and rising inflation in particular in Europe. Hawkish IMF and World Bank meetings are a highlight this week and the World Bank already slashed its growth forecast. RBA: closer to raising interest rates for the first time in more than a decade due to accelerating inflation.

    The World Bank lowered its forecast for 2022 growth. The markets also monitored a Goldman Sachs estimate of a 35% risk for a recession over the next two years. 15-month crisis response package of around $170 bln.

    * Yields The 10-year Treasury yield is down -0.6 bp at 2.85%, while the German 10-year has lifted 2.1 bp to 0.86%, after the extended break.
    * Stocks waffled between gains and losses through the session, but finally settled slightly lower with losses of -0.1% on the Dow and NASDAQ, and a -0.02% dip in the USA500. Nikkei closed 0.7% higher. China bourses underperformed and the Hang Seng plunged -2.5% after returning from the extended weekend.
    * USDIndex remains on bid, at 100.99 highs.
    * Oil edged up to $109.81, from an overnight low of $106 amid the continued supply-demand tug of war. Supply was more of a focal point as two Libyan ports were shut amid anti government protests and the National Oil Corporation declared a force majeure on loadings. Currently steady above $107.00.
    * Bitcoin spiked to $41,223.
    * FX markets EURUSD choppy around 1.0780, Cable tumbled below 1.3000, AUDUSD +0.3% supported by RBA minutes at 0.7385.

    Today There is little on this weeks calendar data-wise and todays slate has just the Housing Starts and Building permits from US. There is Fedspeak from Evans and SNBs Chairman Jordan.



    Biggest FX Mover @ (07:30 GMT) CADJPY (+1.40%) Breached 102.00. MAs still aligned higher, MACD signal line & histogram moving higher, RSI 91 but flattening, H1 ATR 0.197, Daily ATR 0.892.

    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 : 20th April 2022.

    Market Update April 20 USD slips, Stocks rally, Yields hold, Gold & Oil dive.


    Trading Leveraged Products is risky

    USD slipped from highs, Yields held onto gains, Stocks rallied and Gold & Oil dived. USDJPY hit a new 20-yr high at 129.40 before a sharp reverse. Kashkari (Dove) re: Inflation, Fed will have to do more The IMF & World Bank significantly cut global economic growth. Stocks rallied (NASDAQ +2.15%), Netflix lost 200k subscribers in Q1, (first subscriber loss in 10 years) shares dived -18% after hours having gained +3.18% at the close. Asian Markets broadly higher (Nikkei +0.86%), Chinese markets lower.

    * USDIndex spiked over 101.00 & trades at 100.75 as USD cools & Yields hold up.
    * Equities USA500 +70 (+1.61%) at 4462. Recovering 4400. US500FUTS lower at 4438. NFLX will be marked lower on open after subscriber decline and weak outlook. AAL & UAL gained +5.66% & +4.5% respectively.
    * Yields moved significantly higher, 10-yr moved within a smidge of 3.00% earlier from a close at 2.913%
    * Oil & Gold both tumbled from Monday highs. USOil tanked from $109.75 to under $102 and trades at $102.80 now. Gold fell from $2 short of $2000 to $1940 now.
    * Bitcoin recovered from 39.5k on Monday to over 41.3k now.
    * FX markets EURUSD has recovered 1.0800 from 1.0760 lows yesterday. USDJPY cooled from decade highs to trade at 128.65 and Cable recovered from 1.2980 lows to 1.3025 now.

    Overnight Japan big miss for Trade balance (-0.90T vs -.058T) (Imports higher due to Energy costs, Exports down due to China lockdowns), Industrial Activity missed significantly (-1.35 vs +0.3%). PBOC did not move rates again, German PPI hotter again (+4.9% vs 1.4% last month).

    Today EZ Industrial Production, Canadian CPI, US Existing Home Sales, French Election TV Debate, Speeches from Feds Daly & Evans. Earnings ASML (beat) Carrefour, Danone (beat), Heineken, P&G and United Airlines.



    Biggest FX Mover @ (07:30 GMT) AUDUSD (+0.55%) Rallied from lows under 0.7340 yesterday to 0.7430 highs today. Next resistance 0.7450. MAs aligned higher, MACD signal line & histogram moving higher, RSI 65 & rising, Stochs in OB zone. H1 ATR 0.0015, Daily ATR 0.0071.

    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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    vớ vẩn Giá cả rẻ nhất vì không phải qua trung gian

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    Date : 21st April 2022.

    Market Update April 21 Yields & USD Cool, NFLX & TSLA grab the headlines.


    Trading Leveraged Products is risky

    USD continued to unwind, Yields dipped on profit taking and moved lower, Stocks very mixed; worst was NASDAQ -1.22%, NFLX -35%, FB -7.7%, IBM +7.10% and TSLA 4.96% (but recovered all of that after hours). Asian Markets also mixed (Nikkei +1.24%, Shanghai -1.77%). Oil & Gold tested key support areas before recovering. Fed officials Daly & Evans talk 50 bp hike necessary in May.

    The West is preparing a new military aid package for Ukraine. Ukraine calls for talks on Mariupol withdrawal, Russia tests new ICBM in show of strength says Mariupol will fall on Thursday. Macron & Le-Pen TV face to face no clear winner but Macron came out better. World faces hunger catastrophe as food prices could rise by up to 37% from invasion. Xi, Modi & Serbia restate opposition to Russian sanctions. Johnson in India, calls dealing with Putin like dealing with a crocodile.

    * USDIndex spikes lower to 100.20 from a test of 101.00 yesterday as USD & Yields cool.
    * Equities USA500 -2.76 (-0.06%) at 4459. Holds 4400. US500FUTS tick higher at 4470. NFLX wipe out (down 67.7% from Nov. highs as Pandemic stay at home winners suffer.) Ackmans Pershing Square fund sold entire stake losing $430m from January $1.1 bln investment. TSLA significantly beat EPS & Revenue, profit up $3.3bln, deliveries up 68% at 310K, & supply chains not an apparent problem. MUSK pockets $23bln on results.
    * Yields moved significantly lower following 10-yr closed at 2.84% from the attempt at 3% earlier in the week. Trades at 2.87% now
    * Oil & Gold both had a volatile session pressured lower. USOil tested under $100.00 and trades at $103.40 now, having tumbled from $109.40 this week. Gold fell to test $1940 zone and trades at $1950 now, having rejected $2000 this week.
    * Bitcoin continued to recover from sub 38.5k on Monday to over 41.6k now.
    * FX markets EURUSD has recovered 1.0850 and now tests 1.0900 zone. USDJPY cooled from decade highs to trade at 128.00 and Cable recovered from 1.3000 lows to 1.3075 now.

    Overnight NZD surprise miss for CPI (1.8% vs 2.0% & 1.4%) PBOC reduced Yuan to November lows after holding off Intertest rate changes.

    Today EZ CPI (Final), US Weekly Claims & Philadelphia Fed, EZ Consumer Confidence (Flash), Speeches from Feds Powell, ECBs Lagarde, BoEs Bailey & Mann. Earnings from Meggitt, Nestle (in-line), American Airlines, AT&T and Phillip Morris.



    Biggest FX Mover @ (06:30 GMT) EURNZD (+0.67%) Rallied from lows under 1.5930 yesterday to 1.6055 highs today. Next resistance 1.6100. MAs aligned higher, MACD signal line & histogram moving higher, RSI 64 & rising, H1 ATR 0.0031, Daily ATR 0.01571.

    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 : 27th April 2022.

    Market Update April 27 Aggressive central bank moves hanging over markets.


    Trading Leveraged Products is risky

    Concern over aggressive tightening moves has resurfaced and Australias 10-year yield declined, as the short end of the curve was pressured by a jump in headline inflation which lifted to 5.1% y/y in Q1 the highest level since the introduction of the Goods and Services Tax in the early 2000s. Stocks not surprisingly struggled, although mainland China bourses finally bounced back. Gold was back in demand temporarily and Oil prices backed up, with USOIL at $102.46 now. The Yen sold off, while the USDIndex is moving further above the 102 level. Russia halts gas supplies to Poland and Bulgaria.

    * The 10-year Treasury yield is up 4.4 bp, with the curve flattening as the short end underperformed.
    * Stocks Nikkei and ASX meanwhile corrected -1.2% and -0.8% respectively with tech stocks under pressure after the weaker close on Wall Street yesterday. USA100 cratered -3.95%. The USA500 dropped -2.81% and the USA30 sunk -2.38%. GER40 and UK100 are slightly higher at the moment, but underperforming versus US futures.
    * Earnings have been mixed but the advent of the key reports ahead left a very cautious environment. While a lot of reports have been better than expected, Q2 outlooks have been cut while guidance has been uncertain. Alphabet was down about 3%, GE disappointed and was the poster child for the headwinds, revealing supply chains problems, rising costs, and shortages of materials and labour.
    * USDIndex remains on bid, at 102.52 highs.
    * Oil spiked to 102.96, as Russia, which has been demanding payments for its gas in roubles as sanctions over its invasion of Ukraine bite, said it will halt supplies to Poland and Bulgaria from Wednesday.
    * Gold back below $1900.
    * FX markets USDJPY over the 128 mark again, EURUSD extends to 1.0615, GBPUSD steady to the downside at 1.2558, USDCAD to 1.2828 highs.

    Today ECBs President Lagarde speech, BoCs Rogers speech, BoCs Governor Macklem speech.



    Biggest FX Mover @ (07:30 GMT) AUDJPY (+1.29%) Breached 92. MAs flattened, MACD signal line & histogram moving higher close to neutral zone, RSI at 45, all signalling a pullback. H1 ATR 0.305, Daily ATR 1.195.

    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 : 28th April 2022.

    Market Update April 28 USD Dominates with FX Markets in Focus.


    Trading Leveraged Products is risky

    USDJPY rockets higher with 130.00 in the cross-hairs as BOJ leaves main policy steady, to hold 10yr JGB ceiling at 0.25%, while JPY was clobbered across the board again. AUDJPY back to 92.00, GBPJPY 162.00, EURJPY 136.40. The markets continued to mull the implications of the stand off between the EU and Russia over payment modalities for Russian gas deliveries.

    * The front on a gradual ban of Russian oil imports has hardened, as Russia upped the ante, but while the EU urged a united front on Russian demands for ruble payments, the European Commission last week seemed open to companies finding ways to tally Moscows demands with the EUs sanctions against Putin and that is what many companies are doing now. In the end it seems unlikely that gas supplies to the EU will stop immediately, although governments will work even harder to become independent of Russian deliveries as soon as possible.
    * The 10-year Treasury yield is down 1.1 bp to 2.82%, while JGBs were supported after the BOJ.
    * Stocks ASX lifted 1.2%, and the Hang Seng 0.5%, but the CSI 300 is currently down -0.4%, with Covid developments still in focus. US futures are also higher, with a 1.3% rise in the USA100 leading the way.
    * Earnings Strong earnings from Microsoft and Visa. Facebook owner Meta beat Wall Street forecasts and said it had eked out user growth, sending its shares up almost 20% after hours. Microsoft MSFT.O shares rallied as well. Google-parent Alphabet Inc GOOGL.O fell 3.6% as slowing YouTube ad sales pushed quarterly revenue below expectations. Boeing Co BA.N dropped 7.5% after it disclosed $1.5 billion in abnormal costs from halting 777X production.
    * USDIndex the main leader, at 103.70 highs.
    * Oil is currently trading at $101.08, with yesterdays gains already erased. Chinas capital Beijing closed some public spaces and stepped up checks at others on Thursday, as most of the citys 22 million residents embarked on more COVID-19 mass testing aimed at averting a Shanghai-like lockdown.
    * Gold drifts to $1885.
    * FX markets Developments are hurting the EUR, which has dropped below 1.0500, while EURGBP fell towards the 0.8394 mark. GBPUSD is also under pressure amid general Dollar strength. AUD and NZD were on the ropes as worries about a recession in Europe and a slowdown in China engulfed risky assets and overwhelmed the promise of rising interest rates at home.

    Today Inflation reports for Germany and Spain are due today, as well as confidence data for Italy.



    Biggest FX Mover @ (07:30 GMT) CADJPY (+1.68%) breached 101.90. MAs pointing higher, MACD signal line & histogram moving higher, RSI at 82, all signalling further boost in the near term. H1 ATR 0.277, Daily ATR 1.15.

    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 : 29th April 2022.

    Market Update April 29.


    Trading Leveraged Products is risky

    Risk appetite surged as optimism over earnings more than overshadowed concerns over the 8% pop in the y/y GDP price gauge and the -1.4% print on Q1 GDP. The contraction in growth was seen as a one-off, however, due to trade disruptions limiting supply alongside a surge in demand following the pandemic, with inventory drawdowns contributing negatively too. Stock markets remained supported overnight, with hopes of support measures in China helping to underpin sentiment, after China vowed to underpin the health of so-called platform firms. Meanwhile, the pick-up in core PCE inflation to a 5.2% y/y pace from 5.0% y/y was also seen on the light side and hence supported notions that prices may be topping out.

    European Fixed Income Outlook: Bund yields are down -2.5 bp at 0.87% in early trade, with Eurozone bonds paring some of yesterdays losses and yields coming down as the unexpected stagnation in French GDP at the start of the year highlighted that there are still reasons for the ECB to remain cautious even as inflation is going through the roof. German import price inflation jumped to 31.2% y/y in March, from 26.3% y/y in the previous month.

    * Yields are coming down from yesterdays highs. The 2-year yield rose over 5 bps to test 2.68% and the 10-year challenged 2.90% before drifting back to 2.63% and 2.85%, respectively.
    * Stocks GER40 and UK100 futures are up around 1.0%, USA100 soared 3.06% on the day, with the USA500 2.47% higher, while the USA30 climbed 1.85%, but all off of late peaks. Japan is closed for a holiday, the ASX up 1.1% at the close.
    * Earnings Meta shares surge after Facebook ekes out user growth; Qualcomm rises after it forecasts upbeat revenue; Apple Inc, the worlds most valuable company, and e-commerce giant Amazon.com Inc rallied more than 4% ahead of their quarterly reports later in the day.
    * USDIndex lost some of its recent gains, currently at 103.15.
    * Oil at $106.42. Oil prices meanwhile moved higher as overall confidence improved and fears over Chinas Covid measures eased somewhat.
    * Gold back above $1900.
    * FX markets EUR and Sterling also found some buyers, but while EURUSD and Cable are up from yesterdays lows, they are still looking pretty weak at currently 1.0548 and 1.2530 respectively. USDJPY still held above the 130.

    Today German and Eurozone GDP are still to come and Eurozone inflation data are also due, while in the US session eyes are on PCE and Canadian GDP. Exxon and Chevron earnings on tap.



    Biggest FX Mover @ (07:30 GMT) XAGEUR (+1.27%) breached 22.20. MAs pointing higher, MACD signal line & histogram turned positive, RSI at 62, all signalling further boost in the near term. H1 ATR 0.077, Daily ATR 0.509.

    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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    in ro ham eslah kon:
    Date : 2nd May 2022.

    Market Update May 2 USD hold gains, China data dives, Stocks tank.


    Trading Leveraged Products is risky

    USD continues to hold onto recent gains, Stocks crashed (NASDAQ -4.17% Friday to close a miserable April and register its biggest daily loss since September and a weekly loss of -3.9%), Asian markets weaker (many closed due to Eid holidays) and European FUTS down over 1.5%. (UK closed today). Yields jumped higher and VIX soared over 7% to 31.30. Oil & Gold both rallied and then gave up all their gains. Weekend data Chinese Manu & Services PMIs (47.4 vs 49.5 & 41.9 vs. 48.4) the worst in 2 yrs as lockdowns grip the economy. Berkshire Hathaway invested over $51bn in Q1 inc. Chevron (over $21bn), Occidental ($10bn), HP ($4.2bn) & Alleghany ($11.6bn). US House speaker, Pelosi visited Ukraine promising support until fight is done.

    * USDIndex cooled to under 103.00 on Friday, closed at 103.18, and is back to 103.45, now. April opened at 98.29, a near 5% gain.
    * Equities USA500 -155.57 (-3.63%) at 4131. US500FUTS at 4145 now. AMZN -14.05%, INTEL -6.94% MSFT & NFLX -4%, APPL -3.66%. Nasdaq lost -13% in April (worst since 2008 Fin. Crisis) S&P500 has lost -13% in 2022 (the worst Jan-April since 1939). 50% of S&P500 companies have reported this Earnings season and 81% have exceeded expectations (average 66%). But outlooks (partic. from AZMN & APPL) have weighed. Volatility is back too, Jan-April there were 33 days with +/- 2% daily moves, in all of 2021 there were just 24.
    * Yields moved significantly higher 10-yr closed at 2.887%. Up 1.96% today, at 2.942
    * Oil & Gold both had a volatile session moved higher and then reversed to trade lower today. USOil tested to $108.00 on Friday but trades at $103.85 now. Gold tested $1920 zone Friday and trades at $1885 now, below key $1900 handle.
    * Bitcoin declined from $40k on Friday to sub $38k to test $39k now.
    * FX markets EURUSD down to 1.0525, USDJPY up from 129.40 to 133.30 now and Cable recovered to 1.2550 now from 1.2410 lows on Friday.

    Overnight JPY Consumer Confidence missed 33 vs 34.9 and Final Manu PMI in line at 53.5.

    Week Ahead The focus remains on inflation and the much anticipated response from the FOMC, RBA and BOE this week, while the markets price in action from the ECB down the road. The advent of month-end, a holiday in Japan on Friday, and the UK shut today accelerated some profit taking on Wall Street after the early rally. It looks as though many are sidelined into the weekend and ahead of the FOMC where there is a lot of uncertainty over the aggressiveness of the Feds normalization path, and the BOEs ambiguity. Hiking rates too much too quickly would only increase the risk of a stagflation scenario and the BOEs current policy is already much closer to neutral than the ECBs. The week also sees NFP, and employment data from Canada, Europe and New Zealand.

    Today German Retail Sales, US ISM Manufacturing, EU Energy Ministers meeting, (Hungary would veto sanctions on Russian energy) Earnings from Italgas, Holidays in UK, China and many Asian countries.



    Biggest FX Mover @ (06:30 GMT) USDJPY (+0.49%) Rallied from lows under 1129.40 Friday to 130.45 highs today. Next resistance 130.50 MAs aligned higher, MACD signal line & histogram moving higher, RSI 54 & rising, H1 ATR 0.263, Daily ATR 1.38.

    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.

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    Stuart Cowell
    Head Market Analyst
    HotForex

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