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  1. #771
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    Date : 9th November 2021.


    Market Update – November 9 – USD Cools ahead of Inflation data.





    * USD (USDIndex 93.85) down again from Friday’s 1-yr high 94.62, under 94.00. PPI today & CPI tomorrow weigh as equities grind higher & yields slip again. FED Vice-Chair Clarida remained Dovish “a ways away from considering raising interest rates,” although “necessary conditions for raising the target range for the federal funds rate will have been met by year-end 2022.” Bullard & Bowman much more Hawkish; “If inflation is more persistent than we are saying right now, then I think we may have to take a little sooner action in order to keep inflation under control.”
    * Evergrande contemporary Kaisa needs “help”, downgraded by Fitch; Fed warns “ailing Chinese real estate sector poses threat to US economy” – FT
    * US Yields (10yr closed down again at 1.474%) lifted a tad overnight to 1.497%, below key 1.50 level.
    * Equities at all-time highs again but limited gains – USA500 +4.17 (+0.09%) at 4701 – Big movers – TSLA -4.84%, AMD +10.14%, AMC +8.06%. Softbank, PayPal, Roblox, Tencent and Zynga all beat Earnings expectations – USA500.F back to 4686. Asian equities weaker.
    * USOil – slips below $81.00 to $80.65. Biden may act on high US Gasoline prices – speaking with OPEC+ re output, Private Inventories later today.
    * Gold recovers further from Friday’s breach & break of $1800 as yields remain weak, inflation worries swirl and seasonality looms. Touched $1827 for a 45-day high earlier, back to $1824 now.
    * FX markets – EURUSD up to 1.1600, USDJPY under 113.00, @112.80 & Cable up to 1.3570.


    Overnight – JPY data mixed; Earnings & Current Account weaker than expected, Lending and Econ. Sentiment significantly higher. JPY recovers recent losses. German Trade Balance missed – Exports declined -0.7% while Imports nudged up 0.1%, suggesting more weakness.


    European Open – Dec 10-yr Bund future up 1 tick, DAX & FTSE 100 futures down -0.2% & -0.3% respectively, US futures also in red, after a largely weaker session across the Asia-Pacific region overnight. Volatility in bond markets has been very high, as markets struggle to find an equilibrium amid the gradual advancing turn in CB cycles. That keeps central bank comments firmly in focus.


    Today – EZ ZEW, US PPI, A whole gaggle of CB Speak – ECB’s Panetta, Knot, Lagarde, Schnabel, BOE’s Bailey & Broadbent, Fed’s Bullard, Powell, Daly. US 10-yr Bond Auction.





    Biggest FX Mover @ (07:30 GMT) NZDJPY (-0.39%) RJPY up on overnight data mix. back under 81.00 today to test 81.60. Faster MAs aligned lower, MACD signal line & histogram falling & under 0 line, RSI 39 & falling. H1 ATR 0.122, Daily ATR 0.784.


    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.

  2. #772
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    Date : 10th November 2021.


    Market Update – November 10 – Inflation, Oil & Yields.





    * USD (USDIndex 94.09) recovers 94.00, PPI in-line with exceptions but Chinese PPI hit an all-time (26-yr) high +13.5%% & CPI doubled last month to 1.5%. Equities slip from key levels, yields decline to 6-wk lows and Oil rallied. FedSpeak dominated by Doves yesterday but calling caution on inflation – nothing new from Powell, Lagarde or Bailey. Brainard apparently interviewed for FED Chair, Biden cranks up gasoline plan & plans to video meet with Xi next week, Musk “lost” $50bn.
    * Evergrande $148m interest payment due today & contemporary Fantasia needs “help”. This isn’t going away as the Chinese authorities (in the middle of reappointing Xi) may have hoped for.
    * US Yields (10yr closed down again at 1.432%) having hit a 6-week low at 1.4150 yesterday as the Auction was filled at 1.44% (1.58% – last time) back to 1.46% now.
    * Equities down failing to hold key levels. USA500 -16.00 (-0.35%) at 4685 – Big movers; TSLA -11.99%, PayPal -10.46%, VISA -3.22%, AMZN +2.5%. GE (once the world biggest company) to split into 3. USA500.F trades lower at 4677. Asian equities weaker again on Chinese data.
    * USOil – rallies on drawdown in private inventories compared to a build. Spiked over $83.00 to 6-day high $83.25. Biden may act on high US Gasoline prices.
    Gold recovers further testing as high as $1833 on open as Inflation hedge trade builds, back to $1824 now.
    * FX markets – EURUSD down to 1.1565, USDJPY back over 113.00, from 112.80 lows & Cable back to 1.3550 having rejected 1.3600. AUD & NZD at 4-wk low.


    European Open – December 10-yr Bund future fractionally lower, Treasury futures underperforming. Yields are off session highs, but after bonds were surprisingly firm in the wake of yesterday’s US PPI, there is likely some caution ahead of the key US CPI later today.


    Today – US CPI & Weekly Claims, ECB’s Elderson, – US & CAD closed tomorrow for Veterans Day.





    Biggest FX Mover @ (07:30 GMT) NZDCAD (-0.44%) Chinese and Oil news combine to move pair lower. Collapsed from 0.8920 to 0.8820 before finding some support. Faster MAs aligned lower, MACD signal line & histogram falling & under 0 line, RSI 34 & recovering from 19.00 lows. H1 ATR 0.0011, Daily ATR 0.0062.


    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. #773
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    Date : 11th November 2021.


    Market Update – November 11 – Boom goes the Greenback.





    * USD (USDIndex 94.86) spiked to 94.96 (July 2020 high). US Inflation at 30-yr high – USD & Gold rocket, Yields rise and stocks sink. Weekly Claims in-line at pandemic lows. Musk has sold $5bln of #TSLA stock this week, (3% of the 10%) TSLA closed +4.34% yesterday. US & China agree surprise pact at COP26, Biden has a plan to “reduce high energy costs”. Overnight – AUD jobs & GBP GDP both missed & UK Industrial & manu. data also weak.
    * Evergrande $148m interest payment was PAID – avoiding immediate default. Next payment due December 28 – $255m. They have total debts of $300bln ($19bln due outside of China).
    * US Yields (10yr rallied to close up at 1.56%, a 7-week high, from the a 6-week low at 1.4150 Tuesday. Treasury markets closed today for Veterans Day.
    * Equities down in worse day in a month. USA500 -38.5 (-0.82%) at 4646 – Big movers; TSLA +4.34%, PFE +3.64%, Ford -3.78% GOOGL -2.03%. Disney missed (DIS+ subscriptions & Theme parks) – 4.5% after hours. USA500.F trades lower at 4650. Asian equities weaker (ASX worst – Nikkei actually +ve on weak JPY) .
    * USOil – off 7-year highs on Biden’s comments – Inventories – a smaller build than expected 1.0 m vs 1.6m & 3.3m last week – USOil fell to 79.50. Trades at $80.00 now.
    * Gold recovers further testing as high as $1870 yesterday (5-mth high) as Inflation hedge trade builds, back to $1856 now.
    * FX markets – EURUSD down to 1.1470, USDJPY back over 114.00, & Cable back to 1.3385. AUD & NZD at 5-wk low.


    European Open – December 10-yr Bund future is down -31 ticks at 170.38; That will leave European markets to continue to digest yesterday’s hot US inflation number & continue to adjust rate hike expectations, which have come back with a vengeance. The spike in bond market volatility over the past month highlights that central bankers need to adjust their communication policy as the rate cycle turns & that repeating the mantra that inflation pressures will be temporary are no longer enough to soothe nerves. DAX & FTSE 100 futures currently down -0.2% and up 0.1% respectively.


    Today – OPEC MOMR, ECB’s Lane, Schnabel,- US & CAD Veterans Day (Bond markets & Banks closed).





    Biggest FX Mover @ (07:30 GMT) NZDUSD (-0.36%) Collapsed from 0.7100 to 0.7030 so far. Faster MAs aligned lower, MACD signal line & histogram falling & under 0 line, RSI 25 & still falling. H1 ATR 0.0011, Daily ATR 0.0062.


    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. #774
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    Date : 12th November 2021.


    Market Update – November 12 – USD holds onto its multi-month bid.



    Trading Leveraged Products is risky


    * USD (USDIndex 95.16) spiked to 95.26 (new 16-mth high) vs. Euro at 14-mth low, USDJPY close to 4-yr high, Commodity & EM Currencies pressured too. Stocks mixed, Asian markets firmer, Treasury futures re-open positively. Next milestone – US Retail Sales on Tuesday (8.5-10% increase?). German Wholesale prices much hotter than expected (+0.6% vs 0.4% & 0.2% last time) . Xi Ping the new “helmsman”, Russia & Ukraine issues swirl.
    * US Yields (10yr trades at 1.566%, up 1.7bp after Thursday’s holiday.
    * Equities mixed, Dow -0.44%, NASDAQ +0.52% USA500 +2.5 (+0.06%) at 4649 – Big movers; TSLA rival RIVN +22%, FreeportMc +9%, GM & NVidia both +4.3%, Disney -7%. USA500.F trades lower at 4646.
    * USOil – struggles & fails to hold $80.00, on the stronger USD & OPEC cutting its 2021 oil demand forecast due to high prices.
    * Gold holds at highs too at $1857 now. A close over the psychological $1850 tonight would be 7 consecutive days of gains, something it hasn’t done since July 2020. Then it rallied from under $1800 to $1970 in 8 consecutive days, & topped at $2072 6 days later.
    * FX markets – EURUSD down to 1.1435 earlier, lifted to 1.1450, USDJPY back over 114.00, & Cable back to 1.3385. AUD & NZD at 5-wk low.


    European Open – German 10-yr Bund future up 12 ticks at 170.54, alongside broad gains in Treasury futures. DAX & FTSE 100 futures up 0.1% & US futures outperforming slightly, though there is some lingering anxiety on US warnings of a potential Russian invasion in Ukraine. Inflation concerns also continue to linger, as markets try to map out the future ECB path based on CB comments & official forecast. For BoE, the weaker than expected GDP print yesterday has seen markets scaling back rate hike expectations. Do arguments for an early move remain valid?


    Today – EZ Industrial Production, US JOLTS, Uni. of Michigan, ECB’s Lane, Fed’s Williams.





    Biggest FX Mover @ (07:30 GMT) NZDCHF (+0.22%) Bounced from 0.6460 again today, but remains under 0.6500. Faster MAs aligned higher, MACD signal line & histogram risning but under 0 line, RSI 53 & neutral. H1 ATR 0.00081, Daily ATR 0.0052.


    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. #775
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    Date : 15th November 2021.


    Market Update – November 15 – Market eyes Geopolitics & Stimulus.





    * USD (USDIndex 02) spiked to 95.25 (new 16-mth high) on Friday. The consumer sentiment data (10-yr low)and JOLTS provided mixed views, with confidence plunging, 1-year inflation rising, and a slip in job openings, but a record 4.4 mln workers quitting their jobs.
    * Stocks hold higher after spike on Friday, amid strong earnings and dip buyers supported, along with a more calm trade in Treasuries. Asian markets also found buyer, Treasury futures re-open positively. China bourses struggled despite a stronger retail sales number.
    * Japan Q3 contracted -0.8% q/q, much more than anticipated -add to speculation that Kisihida will provide a big stimulus package to support the economy.
    * US Yields(10yr trades at 55%, down 0.9bp). Treasury yields have taken a break from their manic gains seen last week, supportive of the equity market, while hopes that inflation is temporary, and that supply chains will improve into the new year have helped investor sentiment as well.
    * Equities steady to Friday’s highs, Dow +0.5%, NASDAQ led the way +1% USA500 +0.7%, Nikkei lifting 0.4%.
    * Big movers; TSLA dip -2.8% (Musk has already offloaded a combined $6.9 billion), J&J +2%, Toshiba -1.0%, Disney -7%. (Disney’s streaming growth disappoints).
    * Johnson & Johnson: split of the company into two divisions, one being consumer health products, the other focuses on pharmaceuticals and medical devices. J&J’s shares are up 2% in early trade. Toshiba TOSYY 1.43% said it planned to split into three by March 2024 in response to shareholder pressure for a more-focused structure, following a similar path taken by fellow industrial conglomerate General Electric Co.
    * US-EU: agreed to end a festering dispute over US steel and aluminum tariffs imposed in 2018, removing a burden on transatlantic relations and averting a spike in EU retaliatory tariffs. – tariffs of 25% on steel and 10% aluminum, while allowing “limited volumes” of EU-produced metals into the United States duty-free.
    * USOil– slipped below $80.00, hit by a strengthening USD and speculation that Biden’s administration might release oil from the US Strategic Petroleum Reserve to cool prices.
    * Gold reversed to 1856 from 1868.79 – inflation keeps Gold supported.
    * FX markets – EURUSD & GBPUSD stack to 1448 earlier & 1.3420, USDJPYto 113.98. TRY at the record low level9.99.
    * Focus today:Virtual meeting Link between Chinese leader Xi Jinping and US President Joe Biden later in the day, with hopes of an easing in ongoing tensions across a range of issues including tariffs imposed on China under former President Donald Trump.


    Today – The data calendar today includes Eurozone trade numbers, but markets will be more interested in comments from ECB speakers today as ECB’s Lagarde faces questions from lawmakers.





    Biggest FX Mover @ (07:30 GMT) XAUUSD declined from 1868.79 to 1856.24 but remains well 1835 support. Faster MAs flattened, MACD signal line & histogram steadied at 0 line, RSI 49 & neutral, indicating consolidation intraday. H1 ATR 3.96, Daily ATR 22.49.


    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.

  6. #776
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    Date : 17th November 2021.


    Market Update – November 17 – USD at 1-yr high with Stocks mix.





    * USDIndex up and currently settled at 96.25, after hawkish Fed Bullard and strong retail sales, production and trade prices.
    * UK Inflation at the highest in a decade due to energy costs (4.2% y/y VS 3.9% y/y) & strong labour data adding pressure on the BoE to deliver the long flagged rate hike at the December meeting.
    * US Treasury Yields rise on overinflation concerns after the data and as expectations were raised for the Fed to quicken monetary policy normalization. – 10-year Treasury rate is up 0.4 bp at 1.64%.
    * Bund futures are fractionally lower, on central bank’s dovish stance. – ECB’s Rehn still sees inflation easing next year.
    * FED, BoE and BoC seem to be on the same road to rate hikes sooner than many expected!
    * China’s developers also remain in focus with local media reporting that Evergrande’s online sales platform has closed some units. Authorities could ease restrictions on funding of developer.
    * Treasury Secretary Yellen warned there is little time left for lawmakers to agree on a debt limit deal, reiterating a possible December 3 drop-dead date.
    * Equities: Asian shares, were dragged by worries about COVID-19 and higher costs. Topix lost -0.4%.The stronger the dollar the higher costs for imported material for manufacturers.
    * Consumer discretion initially paced the gains after Walmart (-2%) and Home Depot beats (+6%), but the USA100 took the baton into the finish and rose 0.76%. The USA500 was up 0.39% with the USA30 0.15% higher. GER30 and UK100 futures are down -0.2% and -0.4% respectively.
    * Solid data, along with bullish equity outlooks from Goldman Sachs and JP Morgan, all aided sentiment yesterday.
    * USOil down to 78.86 floor from 80.66. after US gasoline stocks dropped more than expected last week, potentially heightening pressure on the Biden administration to release oil from emergency reserves to cap soaring fuel prices.
    * Gold down to 1849.49.
    * FX markets – EURUSD down to 1.1263, GBPUSD spiked to 1.3473 but currently in the mid of a 3-day channel, and USDJPY flirts with 115.00 (its strongest since March 2017)


    Focus today: The data calendar also includes the final reading for Eurozone HICP, US Housing starts and building permits and Canadian inflation.





    Biggest FX Mover @ (07:30 GMT) NZDJPY (+0.35%) topped to 80.61 above R1. Faster MAs aligned higher, MACD lines turn positive but signal line remains at 0, while RSI is at 67 and rising. H1 ATR 0.101, Daily ATR 0.696.


    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.

  7. #777
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    Date : 22nd November 2021.


    Market Update – November 22 – Euro suffers , Stocks steady, Oil squeezed.





    * Trade is likely to be thinned this week by Thanksgiving in the United States, but the virus’ resurgence has traders once again monitoring COVID-19 cases and governments’ responses.
    * USDIndex at 16-month highs above 96.00.
    * Yields: 10-year Treasury rate is up 1.4 bp at 1.57%, while across the Asia Pacific region bonds are mostly higher, despite the prospect of a rate hike from the RBNZ. The 2s, 5s, and 7s also richened measurably ahead of the upcoming auctions and as hawkish comments from Fed VC Clarida and Governor Waller saw gains pared, but the move was short lived.
    * China’s PBOC kept the loan prime rate unchanged once again and Covid jitters in Europe weighed on sentiment.
    * Equities: Stock markets have traded narrowly mixed, with Topix and JPN225 down -0.08% and up 0.09% respectively. The Hang Seng lost -0.7%, while the CSI 300 lifted 0.5%. US stocks stalled due to mix of earnings news, albeit from record highs, with the USA30 tumbling -0.75%, hitting 35600 lows. The USA500 stabilised at 4713 while the USA100 rallied to 16632.
    * USOil dipped to $74.06 lows as countries continue to debate the release of strategic reserves. Reuters report that: “Japanese officials are working on ways to get around restrictions on releasing national reserves of crude oil in tandem with other major economies to dampen prices”.
    * Gold down to 1838.55 (S1).
    * FX markets – Yen sell off continues with the CHF a notable exception. EUR and GBP weakened. EURUSD at 1.1262, GBPUSD steady below PP at 1.3426.


    European Market Update: The 10-year Bund future is down -23 ticks, slightly underperforming versus Treasury futures, while in cash markets the US 10-year rate has lifted 1.2 bp to 1.56%. Stock futures are mostly higher, with the GER30 and UK100 posting gains of 0.1% and 0.2% respectively and US futures slightly outperforming.


    The Covid situation in some parts of Europe is escalating again, mainly in those areas with a strong anti-vaccine movement and a low vaccine uptake and protests against nationwide curbs dominated the headlines over the weekend. With little on the data calendar today, Covid developments will likely remain in focus, as they will also play a part in upcoming central bank decisions.


    Focus today: The data calendar also includes the final reading for Eurozone HICP, US Housing starts and building permits and Canadian inflation.





    Biggest FX Mover @ (07:30 GMT) NZDUSD (+0.74%) retested the 0.7000 area. Faster MAs are currently aligned on the right hand side indicating consolidation, MACD lines hold negative, while RSI is at 51 and Stochastic started falling, suggesting lack of further boost for now. H1 ATR 0.00105, Daily ATR 0.00610.


    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.

  8. #778
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    Date : 23rd November 2021.


    Market Update – November 23 – USD & Yields bid, Stocks & Gold sink.





    * USD (USDIndex 96.36) testing 16-mth highs; rallied on Powell’s re-nomination & Brainard as Vice FED Chair. Commodity & EM Currencies pressured particularly. Stocks weaker partic. Tech stocks, Banks hold up.(Nasdaq -1.26%). Yields bid, Gold & Oil crashed further. Covid concerns grip Europe as winter dawns.
    *US Yields (10yr trades at 1.620%, down 28 bps from yesterday’s rally.
    *Equities Lower. NASDAQ -1.26%, USA500 -15 (-0.32%) at 4682 – USA500.F trades lower at 4665.
    *USOil – struggles but up from below $75.00, after discussions to release global strategic reserves to cool prices & OPEC talk of raising output.
    *Gold crashed over 2.5% losing over $45.00 following Powell news, next support $1800.
    *FX markets – EURUSD down to 1.1225 earlier, lifted to 1.1255 now, USDJPY over 115.00, earlier now at 114.75 & Cable back to 1.3400, from 1.3380. USDMXN 21.00, USDTRY ATH 12.00, USDRUB 75.00 and USDZAR 15.8600.


    European Open: December 10-y Bund future down -28 ticks, underperforming versus US futures & suggesting a further rise in European yields, which already spiked sharply yesterday. The Covid situation may be weighing on the growth outlook, but investors are increasingly convinced that the ECB is indifferent to the spike in inflation & long yields are backing up as central bankers keep a lid on tightening expectations & ECB officials play down the risk of second round effects. DAX & FTSE 100 futures meanwhile are down -0.5% and -0.4% respectively, as the rise in yields & Covid jitters remain in focus.


    Today – EUR & US Flash PMIs, BoE’s Bailey & Haskel, ECB’s de Guindos


    Focus today: The data calendar also includes the final reading for Eurozone HICP, US Housing starts and building permits and Canadian inflation.





    Biggest FX Mover @ (07:30 GMT) EURNZD (+0.42%) Bounced from 1.6070 yesterday to 1.6150 now rallied to breach 1.6200 Faster MAs aligned higher, MACD signal line & histogram rising and significantly over 0 line, RSI 64 but cooling. H1 ATR 0.00214, Daily ATR 0.01102.


    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.

  9. #779
    Golden Trader
    Join Date
    Jun 2014
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    Date : 24th November 2021.


    Market Update – November 24 – USD & Yields Higher, Stocks Mixed, Oil Recovers.



    Trading Leveraged Products is risky


    * USD (USDIndex 96.50) holds on at highs; EM currencies under particular pressure. (TRY lost 15% after Erdogan refused a rate rise). RBNZ raised rates but NZD fell (like the last time they raised rates!) JPY Inflation 2 ticks better than expected. USDJPY at January 2017 levels around 115.00. PMI data better across the globe, Stocks mixed in US & Asia, Yields bid, Oil recovered significantly and Gold pressured by yields. Biden invites Taiwan to its “Summit for Democracy”, WHO talks of additional 700k Covid deaths across Europe (Slovakia latest to talk lockdowns).
    * US Yields 10yr trades at 1.667%, down from yesterday’s 1.684% high.
    * Equities Mixed. Musk sold more stock, Banks & Oil majors lead. USA500 +7.76 (0.17%) at 4690 – USA500.F trades lower at 4684.
    * USOil – rallied over 3% to $78.20 highs despite global strategic reserves being sold to cool prices.
    * Gold found a floor at 1782, but struggles to recoup $1800 at $1790.
    * FX markets – EURUSD down to 1.1245, USDJPY over 115.23, earlier now at 114.88 & Cable back to 1.3375.


    European Open: December 10-yr Bund future up 26 ticks, US futures also broadly higher. RBNZ delivered expected rate hike & markets seem to be scaling back fears of escalating inflation as even dovish leaning BoE & ECB members highlight risk of second round effects. ECB VP Guindos highlighted overnight that the drivers of inflation are becoming more structural, which adds to signals that the CB is finally ready to start reining in stimulus. DAX & FTSE 100 futures currently up 0.3% & 0.2% respectively.


    Today – Big data day ahead of Thanksgiving Weekend. – German Ifo, US Weekly Claims GDP, PCE, Durables, FOMC Mins. & ECB speak.





    Biggest FX Mover @ (07:30 GMT) NZDJPY (-0.77%) RBNZ in-line but Dovish, sank from breach of 80.00 yesterday to 79.24, and 79.40 now. Faster MAs aligned lower, MACD signal line & histogram falling & below 0 line, RSI 35 & weak, Stochs OS. H1 ATR 0.17, Daily ATR 0.70.


    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.

    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. #780
    Golden Trader
    Join Date
    Jun 2014
    Location
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    Posts
    1,044
    Post Thanks / Like
    Credits
    13,832
    My Language
    English
    Date : 25th November 2021.


    Market Update – November 25 – Solid US data lifts USD, Stocks, & Yields.



    Trading Leveraged Products is risky


    * USD (USDIndex 96.70) holds on at 16-mth highs; Strong set of US data yesterday GDP (2.1%) up a tick but missed by a tick, Claims (199k) at 52-yr low, PCE (0.4% m/m & 4.1% y/y), in-line & largest since Jan.1991, along with a big beat (5.9%) for GDP Price index, Durable Goods (0.5%) in-line, Personal Spending (1.3%) a big beat, Personal Income (0.5%) a beat, Trade balance a big beat (14.6%) on strong Exports, Inventories (-2.2%) a big miss, but shows demand is strong. Consumer Sentiment a beat and New Home Sales flat (745K) and missed.
    * Stocks & Yields pushed higher, Oil held onto gains and Gold tested 3-week lows.
    * The FOMC Minutes showed (1) there could be a faster taper than the $15bn/mth currently planned, (2) Inflation could indeed be “persistent” (3) Clear division over 2022/23 rate hike cycle, Doves hold sway for now.
    * US Yields 10yr trades at 1.644%, down from yesterday’s 1.694% high.
    * Equities – Gains into the Holiday USA500 +10.76 (0.23%) at 4701 – USA500.F trades higher at 4713.
    * USOil – peaked at $78.53 Inventories +1.0 vs -1.7 weakened prices – now at $77.65
    * Gold found a floor at 1782, but struggles to recoup $1800 at $1790.
    * FX markets – EURUSD now 1.1216, having broken 1.1200, USDJPY now 115.36, from 115.50 & Cable back to 1.3350 from 1.3315 yesterday.


    Overnight – JPY PPI (1.0%) hit a 10-yr high, German GDP and consumer confidence both missed (1.7% vs 1.8% and -1.6% vs -1.0%) respectively.


    European Open: December 10-yr Bund future up 16 ticks, while US futures are slightly in the red. Bunds already outperformed yesterday, as EZ spreads widened in the wake of hawkish leaning ECB comments & confirmation that German finance ministry will go to the liberal FDP, which likely means more resistance to debt mutualisation across the EZ & more pressure on ECB to limit asset purchases. DAX & FTSE 100 futures are currently up 0.4% & 0.3% respectively & US futures are posting gains of 0.3-0.4%, suggesting markets are coping quite well with the prospect of less accommodative policies. Indeed, it seems to an extent that they welcome the CB’s acknowledgement that inflation risks could be less temporary than previously thought.


    Today – ECB Minutes, ECB’s Elderson, Schnabel, Lagarde and BOE’s Bailey.





    Biggest FX Mover @ (07:30 GMT) CADJPY (0.20%) The rally from Tuesday’s low under 90.00 has been sustained with 91.25 being tested earlier today. MAs aligned higher, MACD signal line & histogram rising & over 0 line, RSI 61, H1 ATR 0.077, Daily ATR 0.707.


    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.

  11. ARIONFORXtarder
 

 
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