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  1. #721
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    Date : 27th August 2021.


    Market Update – August 27 – All Eyes on Jackson Hole.



    Trading Leveraged Products is risky


    Market News Today


    USD (USDIndex 92.98) rallied on hawkish taper talk from Kaplan, Bullard and George to 93.13 before cooling.
    Yields held on to gains & flattened (10yr 1.342%), while
    Equities fell on stronger USD & ISIS-K attack at Kabul Airport (85 dead inc. 13 US soldiers, Biden promises response). (USA500 -0.58% @ 4470, FUTS at 4480 now). Dell, Peloton & HP all reported weaker earnings.
    US GDP Q2 2nd reading 6.6% vs 6.7%, Weekly Claims 353k vs 345k
    Overnight – Asian stock markets were mixed – US COVID hospitalizations tops 100k 8-mth high. AUD retail sales worse than expected (-2.7% vs -2.6% & -1.8% previously), German import prices rising (2.2% vs 1.2% & 1.6%)
    USOil spikes back over $68.00, to $68.20 now, from $66.65 lows yesterday.
    Gold rallied from $1780 yesterday to over $1800 ($1803 now.)





    European Open – The September 10-year Bund future is down -0.8 ticks, US futures steady to higher, as US cash yields climbed down from yesterday’s highs.


    Markets are positioning for Fed Chair Powell to map out a taper schedule today, although it seems at this point a taper tantrum can be avoided. Investors are likely to be cautious ahead of the speech and DAX and FTSE 100 are currently down -0.16% and up 0.07% respectively.


    In FX markets EURUSD lifted to 1.1762 as the dollar erased earlier gains. Cable is little changed at 1.3700. There is nothing really on the European calendar to distract from the focus on Powell.


    Today – US PCE/Core PCE, Personal Income, Uni of Michigan (Final), Fed Chair Powell, Bostic, Harker, Mester, Bullard.


    Biggest Mover @ (06:30 GMT) USOIL (+1.57%) Spikes back over $68.00, to $68.20 now, from $66.65 lows yesterday. Broke 21 EMA earlier, at $67.40 next resistance $68.25. Faster MA’s aligned higher, MACD signal line & histogram still above 0 line & rising. RSI 60.70 and rising. MFI 89 & in OB zone. H1 ATR 0.35, Daily ATR 2.10.





    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. #722
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    Date : 30th August 2021.


    Market Update – August 27 – All Eyes on Jackson Hole.



    Trading Leveraged Products is risky


    Market News Today


    The markets closed a difficult and nervous week firmly in the green after Fed Chair Powell’s dovish remarks at Jackson Hole. Many had geared up for hints that QE tapering could be announced as soon as September and begun in October. But Powell said that while inflation may have met the criteria to begin reducing the pace of asset purchases, he stressed that “substantial slack” remains in the labor market which is likely to continue, hence failing the test. He also supported the transitory nature of inflation, countering the bevy of FOMC hawks who have been frequently in the press warning of price pressures and advocating tapering soon, if not September.


    USD (USDIndex 92.58) at multi-week lows today in the wake of Powell laying out a slower-than-expected path to rate hikes, & as traders’ focus shifts to US jobs.


    Treasuries managed to extend the gains (10yr down -0.7 bp at 1.3%)


    Equities are posting fractional gains, although markets clearly are cautious ahead of key jobs data for the US this week and as investors eye the impact of hurricane Ida as well as virus and geopolitical events. Topix and Nikkei are up 0.97% and 0.45% respectively also helped by stronger than expected retail sales numbers


    Overnight – USDJPY is at 109.75 and the Yen is stronger against most currently, while AUD and NZD struggled


    USOil turned lower at $68.04 (falling 0.31%), after energy firms suspended 1.74 million barrels per day of oil production in the US Gulf of Mexico as Hurricane Ida slammed into the Louisiana coast as a Category 4 storm


    Gold steadied to the $1812-$1823 area


    European Open – The September 10-year Bund future is up 15 ticks, slightly outperforming US futures, although in cash markets Treasuries also managed to extend Friday’s post-Powell gains and the US 10-year rate is currently down -0.7 bp at 1.30%. Powell’s cautious stance also helped stock markets and most indices across the Asia-Pacific region had a good start to the week.


    GER30 futures are also up 0.12% this morning and US futures are posting fractional gains, although markets clearly are cautious ahead of key jobs data for the US this week and as investors eye the impact of hurricane Ida as well as virus and geopolitical events. In FX markets EURUSD has lifted to 1.1801 and Cable is trading little changed at 1.3765.


    Today – UK markets are on holiday today, while the Eurozone data calendar includes Eurozone ESI economic confidence data as well as preliminary German inflation numbers for August, the Swiss KoF indicator and the US Pending home sales.





    Biggest Mover @ (06:30 GMT) GBPAUD (+0.56%) Spikes back to $1.8886 from $1.8797. Broke 50 EMA earlier, while faster MA’s aligned higher. The MACD signal line & histogram still below 0 line but rising. RSI at 56 and rising. H1 ATR 0.00145, Daily ATR 0.01024.


    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. #723
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    Date : 31st August 2021.


    Market Update – August 31.



    Trading Leveraged Products is risky


    Market News Today


    Treasuries extended gains overnight. The advent of month-end with a large duration extension, momentum from the break of 1.30% on the 10s, the lack of supply, and Covid worries have underpinned. Concurrently, stocks firmed led by a 0.9% jump in the USA100 and a 0.43% gain in the USA500, both at fresh record highs of 15,265 and 4,528, respectively. The USA30 lost altitude and closed with a -0.16% loss. Signs that China’s economy is struggling thanks to virus measures and the regulatory clampdown weighed on the market.




    China’s official PMI readings meanwhile showed the manufacturing number dipping to just 50.1, while the services reading fell back into contraction territory for the first time since early last year, at just 47.5.


    Japan’s jobless rate unexpectedly improved, but factory output declined, as did Australia building approvals.


    The Delta variant is also leaving its mark on economies across the region. Covid surges in US.
    EU to reimpose travel curbs to US.


    USD (USDIndex 92.45) weakened as there is no clear signal on the Fed’s tapering timeline.


    Equities are mixed as Topix and JPN225 managed to rise 0.7% and 1.2% respectively, also help
    ed by stronger than expected retail sales numbers.


    Overnight – USDJPY fell back to 109.81. The Yen declined against most other currencies though. NZDUSD jumped to 0.7062. NZD and AUD strengthened as lockdowns in NZ were seen successfully lowering new COVID-19 infections, while the Aussie was stronger after building permits raised hopes its economy could avoid recession.


    USOil is trading at $69.14 as traders assess the prospect for an easing of output restrictions ahead of the OPEC+ meeting.


    Gold rose to 1,819, Platinum down over 4%, Silver down 5.4% for the month, Palladium heads for its worst monthly performance in seven months.


    Today – Calendar includes Eurozone inflation, German unemployment, Canadian GDP for Q2 and US Consumer Confidence.





    Biggest Mover @ (06:30 GMT) NZDUSD (+0.94%) Spikes to 0.7062 from 0.6995. It is retesting the 3-month Resistance area at 0.7000-0.7100. Faster MA’s aligned higher. The MACD signal line & histogram rising. RSI at 78 and rising. H1 ATR 0.0012, Daily ATR 0.0065.


    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. #724
    Golden Trader
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    Date : 1st September 2021.


    Market Update – September 1.



    Trading Leveraged Products is risky


    Market News Today


    European bond markets and Eurozone peripherals in particular sold off yesterday, as more ECB officials flagged the possibility of a tapering announcement next week and it seems pretty certain now that the ECB will start to take the foot off the accelerator as it revises its growth forecast upwards once again. Activity is now expected to reach pre-crisis levels as soon as the end of this year, and fiscal support should increase, which reduces the need for central bank support to some extent at least. Central bank officials will stress the very dovish guidance on the rate outlook though in order to avoid a taper tantrum.


    Bonds in Australia and Zealand underperformed and sold off sharply as traders assess the economic outlook against the background of virus developments.


    Australia Q2 GDP beat most estimates. GDP numbers have prompted some to ditch expectations that the RBA will postpone planned moves.


    Japan’s Markit manufacturing PMI was revised higher and continues to signal expansion.


    USD (USDIndex 92.75) strengthened.


    Equities are mixed as GER30 and UK100 futures are currently up 0.5%, alongside gains in US futures, which is encouraging. China’s tech stocks shake off risks.


    EURand Sterling are lower against the Dollar, but it is the CHF that is mostly under pressure this morning.


    USOil is trading at $68.92 as traders assess the prospect for an easing of output restrictions ahead of the OPEC+ meeting today. (Saudi struggling to increase supply, Shrinking US stockpiles, a rebound in Indian demand China’s outbreak.


    Gold steadied to 1,810-1,817.


    European Open – German retail sales corrected -5.1% m/m in July, a much more pronounced correction than anticipated, largely related to the ebb and flow of virus developments and restrictions.


    Today – Data releases today are unlikely to change the outlook, and focus on final manufacturing PMI readings for the Eurozone and the UK. Eurozone unemployment data for July are also due. In the US, we have ADP and ISM data.





    Biggest Mover @ (06:30 GMT) AUDJPY (+0.41%) Spikes to 2-week highs to 80.82 from 78.00 lows. Faster MAs aligned higher. The MACD signal line & histogram are rising strongly. RSI at 70 and rising. H1 ATR 0.096, Daily ATR 0.733.


    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. #725
    Golden Trader
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    Date : 2nd September 2021.


    Market Update – September 2.



    Trading Leveraged Products is risky


    Market News Today


    Trading should remain quiet and confined in the lead up to the employment report. The markets were mixed to open September with the USA100 extending gains to another record high. Longer dated Treasuries also rallied while the front end of the curve cheapened fractionally. The data were mixed and didn’t provide any strong direction. Additionally, limiting action were concerns over the spike in the Delta variant, increased mitigation measures, slowing in growth, high valuations on Wall Street, rich Treasury yields, and angst over monetary policy amid increasing hawkish talk from various Fed officials and now from some ECB members.


    China tech stocks gain for 4 days straight – “Buying the dip” sentiment from months of sell off despite China firing fresh regulatory Salvo.


    Biggest tech stock rally in record – Tech stocks power USA100 to record highs.


    Tesla’s China output halted for days last month on chip shortage – lack of key chips , electric control devices for vehicles.


    Treasury futures are also fractionally higher, while in cash markets the US 10-year rate has lifted 0.2 basis points. GER30 and UK100 futures are down -0.2% and -0.1% respectively, USA100 at new record highs, Topix and JPN225 are up 0.03% and 0.19% respectively.


    Australia’s trade data was a positive surprise with the trade surplus reaching a record high in July, but there are concerns that activity will correct in Q3 thanks to Covid measures, after better than expected Q2 data yesterday. If the RBA doesn’t postpone planned tapering it could further hit the economy.


    USD (USDIndex 92.45) extending 12-day decline.


    USOil declined to $68.00 after OPEC+ alliance agrees to return more barrels.
    Gold steadied to 1,810-1,817.


    Today – Data releases today includes data for Switzerland and Eurozone PPI inflation and weekly jobless claims,July trade report and factory orders from the US.





    Biggest Mover @ (06:30 GMT) JPN225 (+0.19%) Crossed 20-DMA, reversing more than 40% of 2021’s decline this week. Faster MAs flattened suggesting consolidation in the short term. The MACD signal line & histogram are falling lower since yesterday’s peak and RSI steadied at 56. H1 ATR 77.68, Daily ATR 398.75.


    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. #726
    Golden Trader
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    Date : 3rd September 2021.


    Market Update – September 3 – NFP day.



    Trading Leveraged Products is risky


    Market News Today


    Today’s employment report is eagerly awaited for directional purposes. The markets traded very quietly Thursday, though with a bullish bias. Treasury yields finished marginally lower with the 10-year just under 1.30%. The mix of data had little impact, though the improvement in claims did underpin an upbeat outlook into the jobs numbers, even as the factory and trade data, along with the already seen weakness in vehicle sales, weighed heavily on Q3 GDP projections.


    Action on Wall Street was equally light and range-bound, though, the USA500 and the USA100 made still more new highs.
    Data releases in Asia highlighted the impact of virus developments on the services sector in particular – Asian stock markets have moved higher and stocks across China, Japan and Australia are poised for a weekly rise, despite gloomy data.


    The fact that the JPN225 still rallied nearly 2% and the ASX is up 0.5% shows how reliant markets are on central bank support.


    GER30 and UK100 futures are up 0.076% and 0.014% respectively.


    USD (USDIndex 92.16) extending 22-day support.


    USOil extended to $69.78.


    Gold steadied to 1,803-1,817.


    Today – The calendar includes the final PMI readings for the Eurozone and the UK, which are likely to confirm that high vaccination rates limit the impact of the rapidly spreading delta variant. Eurozone retail sales and ISM Services PMI are also due. The highlight of the day is the NFP number.





    Biggest Mover @ (06:30 GMT) GBPAUD (+0.26%) Broke 28-day Support. Faster MAs aligned lower with MACD resuming its decline, Stochastic below 20 and RSI at 31.80, all suggesting a decline in the short term. H1 ATR 0.00173, Daily ATR 0.01062.


    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. #727
    Golden Trader
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    Date : 6th September 2021.


    Market Update – September 6 – USD off post NFP lows.



    Trading Leveraged Products is risky


    Market News Today


    USD (USDIndex 92.18) continues at lows following NFP headline miss (pushed to 91.91) – although rest of report was strong; taper expectations slipping to Nov-Dec.


    Yields held on to gains & flattened (10yr 1.322%), while
    Equities slipped ahead of long weekend (USA500 -0.03% @ 4535, FUTS at 4538 now). Nikkei + 2% looks like Covid Minister (Taro Kono) will be new PM.




    USOil crashes following price cuts from Saudi Arabia to Asian customers. From $70.00+ on Friday down to $68.00, now.


    Gold holds Fridays gains (rallied from $1805 to $1832 peak) trades at $1827 now.)


    Overnight – Asian stock markets were mixed, Nikkei lead markets higher on leadership talk. Chip shortages continue to gain headlines (Mercedes “through 2022”, GM factories on “idle”, CBI in UK warn of problems for “at least 2 years”.) NZ to ease Covid lockdowns, cases in Australia to peak within two weeks (emphasis now on vaccinations; 75% of NSW/Victoria popn. has now had first vax.)


    Week Ahead RBA, (Tuesday) BOC (Wednesday) and top of the shop ECB (will Ms Lagarde talk taper dates?) – key US data is PPI (Friday) and JOLTS (Wednesday). Plus EU & JPY GDP (Tuesday), Chinese inflation (Thursday) and Canadian jobs (Friday).


    European Open – December 10-yr Bund future down 8 ticks, US futures also fractionally lower. US payroll number headline may have been weaker than expected, but was strong in the details& against that background markets still seem to waiting for ECB to announce a slight tapering in monthly asset purchase levels this week. Lagarde will play down the importance though & is likely to once again stress the forcefully dovish guidance on the rate outlook & highlight the fact that asset purchases at levels seen in the first quarter would still mean sizeable support.


    DAX and FTSE 100 futures are up 0.1% and U.S. futures are also fractionally higher. In FX markets EUR and Sterling declined against a largely stronger dollar, leaving EURUSD and Cable at 1.1872 and 1.3851 respectively. AUD & NZD gave given up some of the least two weeks gains ahead of RBA tomorrow. USDJPY has lifted to 109.80 from Fridays close at 109.67.


    Today – US & Canada closed for Labor Day German Industrial Orders, EZ & UK Construction PMIs, EZ Sentix Index.





    Biggest Mover @ (06:30 GMT) AUDUSD (-0.30%) Slioped from 0.69% gain on Friday into 0.7445 close, to 0.7480 now. Faster MA’s now flat, MACD signal line & histogram still above 0 line but falling RSI 53.30 and flat. Stochs rising from OS zone. H1 ATR 0.0009, 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.

  8. #728
    Golden Trader
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    Date : 7th September 2021.


    Market Update – September 7 – Dovish RBA to buy Bonds for longer.



    Trading Leveraged Products is risky


    Market News Today


    USD (USDIndex 92.18) continues at lows following NFP headline miss (pushed to 91.91) – although rest of report was strong; taper expectations slipping to Nov-Dec.


    Yields held on to gains & flattened (10yr 1.322%), while
    Equities slipped ahead of long weekend (USA500 -0.03% @ 4535, FUTS at 4538 now). Nikkei + 2% looks like Covid Minister (Taro Kono) will be new PM.




    USOil crashes following price cuts from Saudi Arabia to Asian customers. From $70.00+ on Friday down to $68.00, now.


    Gold holds Fridays gains (rallied from $1805 to $1832 peak) trades at $1827 now.)


    Overnight – Asian stock markets were mixed, Nikkei lead markets higher on leadership talk. Chip shortages continue to gain headlines (Mercedes “through 2022”, GM factories on “idle”, CBI in UK warn of problems for “at least 2 years”.) NZ to ease Covid lockdowns, cases in Australia to peak within two weeks (emphasis now on vaccinations; 75% of NSW/Victoria popn. has now had first vax.)


    Week Ahead RBA, (Tuesday) BOC (Wednesday) and top of the shop ECB (will Ms Lagarde talk taper dates?) – key US data is PPI (Friday) and JOLTS (Wednesday). Plus EU & JPY GDP (Tuesday), Chinese inflation (Thursday) and Canadian jobs (Friday).


    European Open – December 10-yr Bund future down 8 ticks, US futures also fractionally lower. US payroll number headline may have been weaker than expected, but was strong in the details& against that background markets still seem to waiting for ECB to announce a slight tapering in monthly asset purchase levels this week. Lagarde will play down the importance though & is likely to once again stress the forcefully dovish guidance on the rate outlook & highlight the fact that asset purchases at levels seen in the first quarter would still mean sizeable support.


    DAX and FTSE 100 futures are up 0.1% and U.S. futures are also fractionally higher. In FX markets EUR and Sterling declined against a largely stronger dollar, leaving EURUSD and Cable at 1.1872 and 1.3851 respectively. AUD & NZD gave given up some of the least two weeks gains ahead of RBA tomorrow. USDJPY has lifted to 109.80 from Fridays close at 109.67.


    Today – US & Canada closed for Labor Day German Industrial Orders, EZ & UK Construction PMIs, EZ Sentix Index.





    Biggest Mover @ (06:30 GMT) AUDUSD (-0.30%) Slioped from 0.69% gain on Friday into 0.7445 close, to 0.7480 now. Faster MA’s now flat, MACD signal line & histogram still above 0 line but falling RSI 53.30 and flat. Stochs rising from OS zone. H1 ATR 0.0009, 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.

  9. #729
    Golden Trader
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    Date : 8th September 2021.


    Market Update – September 8 – USD Bounces as Yields Rise.



    Trading Leveraged Products is risky


    Market News


    USD (USDIndex 92.60) rallies on back of rising yields & equity wobbles.


    Yields rallied as Treasuries slipped, (10yr 1.37%).


    Equities stalled – USA500 -15 at 4520 (Dow lost -0.76%), Nasdaq flat. USAFUTS at 4521, post Labor Day profit taking, cyclicals slipped, tech held on. (MS talks of 10-15% pull back).


    USOil recovered from $67.50, back to $68.50 now, but well below $70.00 pre-NFP high.


    Gold tanked to $1792 from 1828 yesterday and 1833 on Friday. Trades at $1795 now.


    Overnight – JPY GDP beat (0.5% vs 0.2%) but Econ Sentiment slipped.


    European Open – Yesterday EZ GDP revised higher, but sentiment was weaker. Today December 10yr Bund future is down -8 ticks, slightly underperforming versus Treasury futures. The paper is off the highs seen during the Asian session however, & investors will look for Fedspeak today for further guidance on US interest rate outlook. Markets seem resigned to an ECB announcement this week of a slight tapering of PEPP purchases that will likely see Bunds underperforming versus Gilts & Treasuries. DAX & FTSE 100 futures down -0.025% and -0.336% respectively after a largely weaker Asia session. FX markets: EURUSD down to 1.1835, from 1.1890 yesterday, GBP struggled and Cable dipped to 1.3755, after the government announced tax hikes that will hit workers and businesses. USDJPY rallied from 109.68 yesterday to breach & hold 110.00, at 110.40.


    Today – US Crude Private Inventories, BoC Policy Decision, JOLTS report, BoE’s Bailey, Ramsden, Broadbent, Tenreyro, Fed’s Williams.





    Biggest Mover @ (06:30 GMT) AUDUSD (-0.13%) All AUD pairs remain pressured following RBA yeasterday. Breached, 0.7400 to 0.7370 now. Faster MA’s aligned lower, MACD signal line & histogram below 0 line but flat. RSI 28.80, OS but still falling. Stochs OS n still falling. H1 ATR 0.00082, Daily ATR 0.00615.


    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. #730
    Golden Trader
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    Date : 9th September 2021.


    Market Update – September 9 – USD Hold Bid as equities slip again.



    Trading Leveraged Products is risky


    Market News


    USD (USDIndex 92.72) keeps the bid even as yields cool (92.82 high yesterday)
    Yields down from highs earlier in the week, (10yr 1.33%, now from 1.37%).
    Equities stalled again – USA500 -5 at 4514 (Dow -0.2% & Nasdaq -0.57%). USA500.F under 4500 at 4493. (FB & APPL lost over 1%, COIN over 3% & PYPL 2.74%, Visa +1.25%, & Mastercard +1.84%). Asian markets lower too. ASX 200 (-0.4%), Nikkei 225 (-0.5%),
    USOil recovered further to $69.40 after inventories yesterday, now back to $69.20. EIA inventories expected to show a drawdown of 5.9million barrels later.
    Gold slipped again (lows yesterday were $1782). Back to 1788 now, having breached 21EMA on Tuesday. Next support 1769
    Yesterday – BOC – no surprises – JOLTS – a record 10.93mln jobs opening in July vs 8.7mln unemployed Americans.
    Overnight – China news dominates, – PPI at 13 yr high (+9.5%) although CPI softer (0.85 vs 1.0%), Regulator calls in Gaming Stock owners, and Evergrande (huge real estate corporation) defaults of $300bn of debt). German trade surplus widened (17.9b vs 13.3bn) – imports slumped.
    ECB Preview: If it was just the usual hawkish crowd arguing for a scaling back of asset purchase volumes, it may be easy to dismiss, but in the minutes to the last meeting there was already a hint of things to come when council members argued that strengthening the dovish guidance on rates would take the pressure off other policy instruments – i.e. QE. In a Reuters interview in August, chief economist Lane, hardly known for his particularly hawkish credentials, admitted that the ECB will have to “assess at the September meeting the appropriate calibration for the final quarter of the year, taking into account the movement in market interest rates and the inflation outlook”. Given that VP Guindos has repeatedly flagged the possibility of further upward revisions to the growth outlook, a taper announcement today seems pretty likely. However, as Lane stressed, “in the grand scheme of things, this is a local adjustment” and “purchases in the second and third quarters were significantly higher than in the first, but even in the first quarter, compared to historical norms, purchases were pretty high.” So a drop back in PEPP purchases closer to levels seen in Q1 and at the same time, a very dovish guidance on the rate outlook from Lagarde is on the cards, which would wrap the taper in a dovish package.


    European Open – The December 10-year Bund future is up 7 ticks, slightly outperforming Treasury futures. Eurozone bonds managed to find some buyers yesterday, but yields have been trending higher going into today’s ECB meeting, which is expected to see the ECB dropping the reference to “significantly higher” purchases than in Q1 to signal a slight taper from next month. Lagarde will wrap that in very dovish guidance on rates, however, and a commitment to step up purchases again if necessary, which should help to limit the impact of the announcement and bonds could benefit in the end. DAX and FTSE 100 futures are still down -0.6% and -0.8% respectively ahead of the ECB and U.S. futures are also in the red, as investors in Asia in particular fret about the impact of virus developments on the global recovery. FX markets are also showing signs of risk aversion, with Dollar, Yen and CHF the main winners. EURUSD down to 1.1820 from 1.1850 yesterday, GBP struggled and Cable dipped to 1.3725, after the government tax hikes, but back to 1.3775 now. USDJPY rallied to 110.40 but has since dipped to test 110.05.


    Today – ECB & Ms. Lagarde Press conference, US Weekly Claims, EIA Oil Inventories, BOC’s Macklem, Fed’s Daly, Evans, Bowman & Williams.





    Biggest Mover @ (06:30 GMT) CADCHF (-0.42%) From a breach 0f 0.73 on Tuesday and 0.7275 support yesterday, to test 0.7230, the pair is back down again today. Faster MA’s aligned lower, MACD signal line & histogram below 0 line and moving lower. RSI 33 moving lower. H1 ATR 0.00071, Daily ATR 0.00605.


    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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