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  1. #741
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    Date : 27th September 2021.


    Market Update – September 27 – Yields, Evergrande & Oil.



    Trading Leveraged Products is risky


    Market News


    USD (USDIndex 93.25) weakened on open but holds as reflation trade gains momentum. Scholz (current Fin. Min. & leader of the opposition SDP) likely to be next German Chancellor, (overall EUR positive). BOJ Mins “will not hesitate to add to easing policy”.


    Yields hold at recent highs (10yr closed 1.46% from 1.48% high) Now at 1.447% in Asian trades (highest since March 2020).


    Equities rallied but closed flat, Evergrande worries persist (HSBC, UBS & Blackrock – exposed to a total of $875m). Total offshore exposure – $20bln of the $300bln. USA500 +6.5 (+0.15%) at 4455 & over a key technical level. USA500.F higher at 4468. Asian equities higher, ASX leads at +0.6%. VIX closed below 20.00 Friday – trades at 19.32 now.


    USOil rally continues (October 2018 highs) +1.0% today & gapped at open, catalyst – Supply disruptions & inventory drawdowns – $74.88 – GS raised year end target to $87, higher, if there is a cold winter.
    Gold up from Friday lows, $1740 (touched $1760) to $1755 now.


    FX markets USD bid – CHF & JPY weaker – EURUSD – 1.1715, Cable 1.3660, USDJPY 110.70.
    Week Ahead – Month & Quarter end, US Senate vote on Infra & Fiscal budget, 2nd Evergrande interest payment ($49.5m), Japan to have new PM Wednesday. Dozens of Central bankers on podiums worldwide.


    European Open – December 10-yr Bund future up 27 ticks, DAX & FTSE 100 futures up 0.6% & 0.7% respectively, suggesting Friday’s bout of risk aversion is abating, although China risk & surge in energy prices will remain in focus.


    In Europe investors will try to assess the impact of yesterday’s election in Germany, which signalled the end of the Merkel era & brought a shift in the balance of power, but no outright majority, which means the country is now facing a period of uncertainty while party leaders try to hammer out a coalition agreement. With the Left Party failing to clear the 5% hurdle though the threat of a participation of the party in government has been avoided, which may be enough to boost confidence today & EUR in the longer term.


    Today – US Durable Goods, ECB’s Lagarde, Panetta, Fed’s Evans, Williams, Brainard, BoE’s Bailey, 2yr & 5yr US supply.





    Biggest Mover @ (06:30 GMT) CADCHF (+0.58%) 4-day rally from September low at 71.80 last Tuesday, next resistance 0.7350 & 0.7375. Faster MAs aligned higher, MACD signal line & histogram rallying higher, RSI 71.00 OB but still rising. H1 ATR 0.00095, Daily ATR 0.0064.


    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. #742
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    Date : 28th September 2021.


    Market Update – September 28 – Energies skyrocket.



    Trading Leveraged Products is risky


    Market News


    Yields rose (10yr closed at 1.51% – the highest level since June, with the 30-year testing 2.04%, while the 5-year hit 1.005% before rates retreated from those key areas). Now at 1.447% in Asian trades (highest since March 2020).


    Equities extended losses, but stabilised into this morning. Durable goods added to the bearish bias seen since FOMC’s hawkish pivot last Wednesday. USA500 -51 at 4431 (S1), USA100 -319 at 15095, but currently at 15160. USA30 advanced 0.2% as strength in materials, energy, and financials supported.


    Asian equities trade mixed, – property stocks rallied in Hong Kong after China’s central bank said it will work to safeguard the “healthy” development of the property markets – ASX corrected at -1.4%. VIX rebounded from 20DMA & closed at 20.27.


    USOil rally continues (October 2018 highs) – Brent at 2018 highs, over $80.


    Energy was up over 3.5%, as oil prices approached three-year highs. Financials rose near 1.5% on higher rates, while technology was down near 1% for the same reason.


    FX markets – GBP bid – helped by higher rates. – USD & JPY weaker – USDJPY – 110.30, Cable 1.3700, EURUSD 1.1681.


    European Open – The December 10-year Bund future is down 20 ticks, US futures have also sold off and the US 10-year rate has lifted above 1.5% as investors continue to bring forward rate hike expectations. GER30 and UK100 futures are still up 0.2%, US futures are also mostly higher, as China’s central bank tried to calm nerves on the health of the property sector.


    Gilts underperformed yesterday and are likely to continue to remain under pressure after BoE governor Bailey re-enforced the bank’s message on the possibility of hiking rates before bond buying has ended. Many are now expecting a rate hike to come in the first quarter of next year, and while Bailey also highlighted the problems the UK economy is facing this winter, he stressed that monetary policy won’t be able to fix those.


    Lagarde continues to try and keep rate hike speculation at bay and will likely continue along those lines when she opens the ECB’s annual conference on central banking today.


    Today – Data releases are thin on the ground again, but include ECB Lagarde and Chairman Powell speeches and US Consumer Confidence.





    Biggest Mover @ (06:30 GMT) AUDJPY (+0.48%) Broke 81.00 barrier ahead of elections. Next resistance 81.40 & 81.80. Faster MAs flattened, suggesting consolidation, MACD signal line & histogram rallying higher, but RSI turned below 70 and dropping. H1 ATR 0.1300, Daily ATR 0.309.


    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.

  3. #743
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    Date : 29th September 2021.


    Market Update – September 29 – Asian shares set for their Worst Quarter.



    Trading Leveraged Products is risky


    Market News


    The surge in Treasury rates was a major catalyst behind the steep drop on Wall Street, though the looming debt limit and potential government shutdown on October 1, and more importantly the threat of default, weighed heavily on US assets.


    China’s power crunch worsens.


    Yields stabilised (30-year closed to 2.10% and the 10-year hit 1.565% before dipping late in the session as some dip buyers stepped forward).


    The MSCI’s gauge of Asian stocks saw the biggest drop in almost six weeks and is set for the first quarterly slide in six. – Evergrande concerns resurfaced as China stepped in to buy a stake in a regional bank from the developer. Hong Kong’s central bank has reportedly asked lenders to report their exposure to the Group and Fitch Ratings downgraded the developer’s rating to C from CC.


    Testimony from Fed Chair Powell and Treasury Secretary Yellen did not do the markets any favors either but added to the overall uncertainties emanating from Capitol Hill.


    Equities extended losses in Japan, JPN225 down -2.6%. USA500 was off -2.0% at 4355, USA100 paced the plunge in the indexes, tumbling -2.8%, below 15,000. USA30 was -1.6% lower.


    USOil dropped back below the $74 mark, after reaching a high of 74.87.


    FX markets – GBP selling off sharply yesterday but steadied so far today – USD corrected – USDJPY – 110.33, Cable 1.3527, EURUSD 1.1677.


    European Open – Some stabilisation then for the beleaguered bond market and stocks are also showing signs of life, with GER30 and UK100 futures posting gains of 0.4% and 0.2% respectively, while US futures are up around 0.6%.


    After the sharp sell off in equity markets in recent days, dip buyers were bound to emerge eventually – Will calm in bond markets last for long? – even if central bank officials will do their best to calm nerves this week.


    Unless the China risk escalates and spills ove,r monetary policy support is set to be phased out gradually over the next year and stocks will have to adjust to the changed outlook.


    Today – Data releases today include UK lending data and Eurozone ESI economic confidence and there are also a number of speakers at the ECB’s conference on central bankers. Pending Home Sales from the US are also on tap.





    Asset of Interest: Cotton (+6.53% in September) Broke 101 barrier, posting a fresh record high, extending its rally for an 8th day in a row and breaking the upper daily BB line. Daily RSI at 73 while MACD line extended above 0 suggesting an increase of positive bias.


    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.

  4. #744
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    Date : 30th September 2021.


    Market Update – September 30 – Inflation remains a major issue!.



    Trading Leveraged Products is risky


    Market News


    Global central bank officials stuck to cautious optimism at the ECB conference on central banking and data releases overnight were mixed. – Lagarde stressed the “reopening of the economy”.


    Traders are still cautious, while keeping a wary eye on US budget talks, as a deadline to keep running is approaching amid last minute political wrangling in Washington.


    China PMI readings mixed – manufacturing PMI unexpected signalled contraction, while the Caixin PMI came in stronger. Japan production as well as retail sales disappointed, while Australia building permits jumped. UK GDP revised sharply higher in the final reading.


    Yields steadied (US 10-year rate stymied the drop in rates at 1.51%).


    Equities supported by the drop in Treasury yields which enticed buyers back into equities, especially with beliefs the recent declines were overdone. JPN225 down -0.1%, USA500 outperforming at 4398, USA100 slipped -0.24%.


    USOil steadied at the mid of $74 mark.


    “A combination of higher US yields, impending Fed tapering and skittish markets around the debt ceiling have fuelled this move (in the dollar),” as Westpac analysts wrote.


    FX markets – Strong USD, while GBP and EUR selling off sharply yesterday – USDJPY – 112.00, Cable 1.3409, EURUSD 1.1588.


    Today – Today’s data calendar is pretty busy and includes German labour market data and the preliminary inflation report for Germany, but key will be the US GDP and PCE number.





    Biggest mover as of 07:45 GMT – USDJPY (+0.48%) Reached 112 for the first time since January 2020. Even though the overall outlook turned positive, intraday consolidation prevails as fast MAs flattened along with RSI and a bearish crossed formed by Stochastic. MACD lines however sustains positive bias. ATR (H1) at 0.085 and ATR (D) at 0.583.


    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.

  5. #745
    Golden Trader
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    Date : 1st October 2021.


    Market Update – September 30 – Inflation remains a major issue!



    Trading Leveraged Products is risky


    Market News


    Global central bank officials stuck to cautious optimism at the ECB conference on central banking and data releases overnight were mixed. – Lagarde stressed the “reopening of the economy”.


    Traders are still cautious, while keeping a wary eye on US budget talks, as a deadline to keep running is approaching amid last minute political wrangling in Washington.


    China PMI readings mixed – manufacturing PMI unexpected signalled contraction, while the Caixin PMI came in stronger. Japan production as well as retail sales disappointed, while Australia building permits jumped. UK GDP revised sharply higher in the final reading.


    Yields steadied (US 10-year rate stymied the drop in rates at 1.51%).


    Equities supported by the drop in Treasury yields which enticed buyers back into equities, especially with beliefs the recent declines were overdone. JPN225 down -0.1%, USA500 outperforming at 4398, USA100 slipped -0.24%.


    USOil steadied at the mid of $74 mark.


    “A combination of higher US yields, impending Fed tapering and skittish markets around the debt ceiling have fuelled this move (in the dollar),” as Westpac analysts wrote.


    FX markets – Strong USD, while GBP and EUR selling off sharply yesterday – USDJPY – 112.00, Cable 1.3409, EURUSD 1.1588.


    Today – Today’s data calendar is pretty busy and includes German labour market data and the preliminary inflation report for Germany, but key will be the US GDP and PCE number.





    Biggest mover as of 07:45 GMT – USDJPY (+0.48%) Reached 112 for the first time since January 2020. Even though the overall outlook turned positive, intraday consolidation prevails as fast MAs flattened along with RSI and a bearish crossed formed by Stochastic. MACD lines however sustains positive bias. ATR (H1) at 0.085 and ATR (D) at 0.583.


    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. #746
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    Date : 2nd October 2021.


    Market Update – October 4 – USD Holds, Inflation & Evergrande worries persist.



    Trading Leveraged Products is risky


    Market News


    USD (USDIndex 94.00) holds at highs but down from Thursday 94.50 high. Strong US data on Friday (ISM Manu PMI 61.1, PCE 4.3% & UoM 72.8. Its NFP Jobs and Pandora Papers week.


    Yields hold at recent highs (10yr closed 1.465%) now at 1.47% in Asian trades (huge spike to 1.567% last week cooled but Yields “on notice”) China closed until Thursday, HK Property group (Hopson) has offered $5bn for 50% of Evergrande Real Estate. Contagion still a worry.


    Equities rallied on Friday, (Merck +8.37%) anti-viral drug Covid drug) USA500 +49.0 (+1.5%) at 4357 (but remains weak) USA500.F lower 4330. Asian equities mixed. VIX closed at 21.20 Friday – trades at 22.15 now.


    USOil holds at $75.20 ahead of today’s OPEC+ which is expected to agree “gradual” production increases, amid supply bottlenecks and inventory drawdowns.


    Gold holds at $1760 following last weeks collapse to $1720 as yields rocketed. 20-day MA $1765.
    FX markets USD bid – EURUSD 1.1600, Cable 1.3550, & USDJPY 111.00.


    Week Ahead – RBA Rate Decision – (less Dovish ? but with Covid cases still climbing) Jobs Week – RBNZ Rate Decision (delayed rate hike coming?), Jobs week NFP – (460k vs 235k), ADP 430k vs 374k & Claims 350K vs 362k. Plus more PMI data.


    European Open – The December 10-year Bund future is up 8 ticks at 170.30, Asian stock markets traded mixed, but DAX and FTSE 100 are up 0.4%, in catch up trade, after news from Merck lifted Wall Street on Friday. The boost, which also seemed to underpin the outperformance of the ASX in Asia seems to be waning though as China angst and mutterings of stagflation fears weigh on sentiment.


    Today – EZ Sentix Index, US Factory Orders, ECB’s de Guindos, de Cos, Fed’s Bostic & Bullard, OPEC+ and Eurogroup meetings.





    Biggest Mover @ (06:30 GMT) CADJPY (+0.24%) Continued Friday’s rally from 87.20 low to test resistance at 88.00 again. Faster MAs aligned higher, MACD signal line & histogram rallying higher, RSI 55.50 and neutral. H1 ATR 0.157, Daily ATR 0.882.


    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.

  7. #747
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    Date : 3rd October 2021.


    Oil market hold near 7-year high.



    Trading Leveraged Products is risky


    USOIL is trading just over $78 per barrel, while UKOIL has spiked to $82.70, both above the highs seen yesterday after OPEC and its allies confirmed that they will be sticking with previously agreed output increases, rather than extending production further in the light of global energy constraints. However that wasn’t a surprise even though markets initially felt threatened by it! USOIL prices are at 7 year highs while UKOIL is at 3 year highs.


    Given the spike in natural gas prices ahead of the European winter, oil prices will likely also remain underpinned. In the meantime, China angst and stagflation concerns continue to linger, but there are fears that price jumps in wider energy markets will push up oil prices, while capping the recovery not just in the manufacturing sector. Central bank officials are doing their best to calm nerves, but investors remain jittery. OPEC+ will meet again on November 4 and some expect the allies to meet again beforehand to discuss demand.





    Oil prices have already surged more than 50% this year, a rise that has added and could continue adding to inflationary pressures that oil-consuming nations such as the US and India are concerned will derail recovery from the pandemic.


    USOIL’s recent bullish pressures have been extended, breaking the upper weekly Bollinger band at 78.00, and upwards pressure is keeping the outlook bullish. The simple moving averages (SMAs) are extending northwards (20-, 50- and 200-day) endorsing medium term direction, with the overbought condition in the near term indicating a possible correction of the 2-month rally.


    The daily MACD and RSI are positively configured, presenting the possible advent of further bulls, while the short term Stochastic is struggling to be sustained into bullish territory, promoting a near term pullback. If upside defences keep sellers at bay, the price may pullback to test the previous resistance (converted into support band of 68.00-70.00).





    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. #748
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    Date : 4th October 2021.


    Oil market hold near 7-year high.



    Trading Leveraged Products is risky


    USD (USDIndex 94.00) recovers key handle after 93.65 lows on Monday & 94.50 10-mth highs last week. Better than expected (61.1) ISM Services PMI data.


    Yields moved higher (10yr closed 1.5290%) now at 1.569% in Asian trades – Yields very much “on notice” following RBNZ. (30-yr at 2.14%). China closed until tomorrow, no new Evergrande news, clock ticking.


    Equities turnaround Tuesday, led by Tech (Nasdaq+1.25%; NFLX+5.21%) USA500 +45.0 (+1.05%) at 4345 (but remains weak) USA500.F lower 4311. Asian equities mixed. VIX closed at 21.45 – trades up 2% at 22.15 now.
    USOil holds record highs $78.95 amid supply bottlenecks & inventory drawdowns. EIA Weekly data later.


    Gold slips on higher yields down to $1752 from $1770 highs yesterday. 20-day MA $1765.

    FX markets USD bid – EURUSD under 1.1600 significantly at 1.1580, Cable holds 1.3600, & USDJPY higher again at 111.75.


    Overnight RBNZ increased intertest rates by 0.25% to 0.5%. NZD ticked higher but is now the weakest. German factory orders -7.7% M/M (largest decline since April 2020); EST. -2.2%, last month +3.4%. Biden spoke with Xi to cool tensions over Taiwan, pushed additional $3.5tn infra budget on tour of mid-west and backed Powell as criticism grows.


    European Open – December 10-yr Bund future down 33 ticks, US futures also selling off after the RBNZ rate hike cemented tapering fears ahead of key US NFP Friday. Stock markets are concerned by stagflation scenarios & risk that reduction of monetary support will hit the global recovery. DAX & FTSE 100 futures down -0.7%, US futures also in the red.


    Today – EZ Retail Sales, US ADP Employment Change, Oil Inventories, Fed’s Bostic, US congress to vote on raising debt ceiling, UK PM Johnson speech.





    Biggest FX Mover @ (06:30 GMT) NZDUSD (-0.53%) Initially reacted higher on interest rate rise, to 0.6980 zone only to reverse to 0.6920 now. Faster MAs aligned lower, MACD signal line & histogram trending lower & under 0 line, RSI 30.7 & testing OS zone. H1 ATR 0.0012, Daily ATR 0.0068.


    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. #749
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    Date : 7th October 2021.


    Market Update – October 7 – Stocks Recover, USD Holds, Oil dips.



    Trading Leveraged Products is risky


    USD (USDIndex 94.25) holds at highs, Stocks recover and ADP beat as debt ceiling is likely to be extended to December. Biden & Xi to hold summit before year end, Oil dipped after surprise build in inventories.


    Yields eased a tad (10yr closed 1.5240%) now at 1.54% in Asian trades – Yields very much “on notice” following RBNZ. (30-yr at 2.14%). China remains closed.


    Evergrande news – investor to go private , clock ticking.


    Equities moved higher into close. USA500 +17.0 (+0.41%) at 4363 (but remains weak) USA500.F higher for 3rd day 4375. Asian equities mixed. VIX closed at 21.20 – trades lower at 20.87 now.

    USOil down from record highs $78.95 to $76.50 as inventories surprisingly rose by 2.3 million barrels.


    Gold slips on higher yields down to $1745 now back to $1760; 20-day MA $1765.

    FX markets USD bid – EURUSD 1.1565 from 1.1525, Cable holds 1.3600, & USDJPY higher again at 111.35 from 111.85 yesterday.


    European Open – The December 10-year Bund future is down -14 ticks, US futures are also lower. There was also some relief on the energy crunch in Europe and DAX and FTSE 100 futures are posting gains of more than 1%, outperforming versus US futures, which are also moving higher though, led by a 0.6% rise in the NASDAQ as tech-stocks are back in demand.


    Today – US Weekly Claims, Challenger Job Cuts, ECB Mins & BOC’s Macklem, Fed’s Wiliams.





    Biggest FX Mover @ (06:30 GMT) AUDUSD (+0.33%) Rallied from 0.7225 lows yesterday to test 0.7300 now. Faster MAs aligned higher, MACD signal line & histogram trending higher & over 0 line, RSI 63 & moving higher. H1 ATR 0.0010, Daily ATR 0.0068.


    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. #750
    Golden Trader
    Join Date
    Jun 2014
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    My Language
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    Date : 8th October 2021.


    Market Update – October 8 – Yields Drive Higher Pushing USD & Stocks too.



    Trading Leveraged Products is risky


    * USD (USDIndex 94.30) holds at highs, Stocks & Oil move higher testing key technicals – Yields the driver (5yr at 1.0416% – Feb 2020 high) US debt ceiling extended by $480bn, Weekly Claims and Challenger Job cuts both better than expected. China back at work & big beat for Services PMI (returning to growth at 53.4 from 46.7) – adding to the bid but Taiwan tensions increase. No Evergrande update.


    * US Yields (10yr closed 1.571%) now at 1.596% in Asian trades.


    * Equities moved higher into close. USA500 +36.0 (+0.83%) at 4399 (testing 20-day MA) USA500.F higher for 4th day – but below cash close 4386. Asian equities higher supported by China. VIX closed at 20.00 – trades up at 20.17 now.


    * USOil back to test highs, trades at $79.12, despite inventory surprise on Wednesday.
    * Gold slipped on higher yields down to $1752 now back to $1759; 20-day MA $1765.
    * FX markets USD remains bid – EURUSD 1.1546 Cable holds 1.3600, & USDJPY higher again ( todays biggest mover) at 111.90 from 111.20 lows yesterday.
    Overnight – Mixed JPY data (Earnings Higher, Econ. Sentiment & Spending lower), GER – trade balance; a big miss (exports lower imports higher) +13.0b vs +17.9bn


    European Open – December 10-yr Bund future down -22 ticks, slightly underperforming versus Treasury futures, after EZ bonds outperformed yesterday. Markets will now be focusing on the NFP this afternoon, as markets adjust their rate expectations. UK Inflation warnings saw Gilts underperforming yesterday & while Asian stock markets managed to mostly move higher, DAX & FTSE 100 futures are down -0.2% & -0.1% respectively, while US futures are narrowly mixed, with the NASDAQ underperforming.


    Today – US & Canadian labour market reports, ECB’s Panetta & BoE’s Tenreyro.




    Biggest FX Mover @ (06:30 GMT) USDJPY (+0.28%) Rallied from 111.20 lows yesterday to eye 111.95 once more. Faster MAs aligned higher, MACD signal line & histogram trending higher & over 0 line, RSI 71 OB zone & moving higher. H1 ATR 0.068, Daily ATR 0.606.


    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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