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Discussion in 'Analisa Fundamental' started by HFblogNews, Jun 27, 2014.

  1. HFblogNews

    HFblogNews
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    Date : 16th August 2021.

    Market Update – August 16 – Sentiment, USD, Equities & Yields slip on weaker Chinese data.


    [​IMG]

    Market News Today – USD (USDIndex 92.50) ticks higher, Yields (10yr 1.248%) lower and Asian markets are lower after ATH closes on Wall Street on Friday, even after record miss for UoM consumer sentiment. DAX Futures over 16k for first time ever. Overnight – Weaker Chinese data, record Covid-19 cases in Japan and a new lockdown extension in Melbourne on top of the news from Afghanistan weighs on sentiment. Better data from JPY (beat for GDP) & NZD (better PMI’s) ignored. USOil down to break under $67.00 and Gold holds at $1775.

    Week Ahead – FED Minutes, RBA Minutes, RBNZ Rate Decision, EUR GDP, US Retail Sales, Global CPI data,

    European Open – Bailey & Lagarde will not attend Jackson Hole in person. Weak data releases out of the US, Japan and China has sapped confidence in the global recovery and given bond another boost. Core EGB yields were already supported on Friday, after the massive miss in U.S. confidence confidence reading and the September 10-year Bund future is up 29 ticks, pointing to further gains EGBs to start the week. Stock markets may still have clocked fresh records last week, also helped by expectations of ongoing central bank support, but sentiment clearly has turned cautious over the weekend.

    Today – NY Fed Manufacturing (Empire State).

    [​IMG]

    Biggest Mover @ (06:30 GMT) AUDJPY (-0.58%) Broke from support at 81.00 on Friday to close at 80.75, moved lower today on weak sentiment and risk-off mood, currently testing 80.20. Faster MA’s aligned lower, MACD signal line & histogram below 0 significantly and moving lower, RSI 22; OS but still falling. H1 ATR 0.108, Daily ATR 0.530.

    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. HFblogNews

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    Date : 17th August 2021.

    Market Update – August 17 – Sentiment weak, USD holds gains.

    [​IMG]
    Market News Today – USD (USDIndex 92.70) ticks higher again, on risk aversion as Virus concerns (partic. NZ which will enter new nationwide lockdown) and news from Afghanistan weighs. Yields (10yr 1.25%) lower and Asian markets are lower after ATH closes on Wall Street again (USA500 4479) even after big reverse for Empire State Manu. Index. Overnight – RBA minutes weigh on AUD “would be prepared to act in response to further bad news on the health front should that lead to a more significant setback for the economic recovery.” Better data from JPY (a big beat for Services activity) USOil up from spike lower at 65.50 to $66.70 and Gold rallies from 1770 over $1790. UK Jobs day better than expected.

    European Open – The September 10-year Bund future is slightly higher, while, but still underperforming versus Treasuries, which have remained supported by ongoing risk aversion, as virus developments and geopolitical developments weigh on sentiment and sap risk appetite. DAX and FTSE 100 futures are down -0.03% and -0.18% respectively. US futures are underperforming and in FX markets the dollar is in demand. EURUSD dropped back to 1.1770, although the EUR was steady to higher against most other currencies. The Pound is struggling more and Cable dipped to 1.3821.

    Today – EZ GDP (2nd), US Retail Sales, Industrial production, Fed’s Powell, Kashkari, Earnings – Walmart.

    [​IMG]

    Biggest Mover @ (06:30 GMT) NZDUSD (-1.22%) Lock news added to worries from RBA across the Tasman Sea earlier in the day and the USD safe haven bid. Crashed from 0.7025 at open and 0.7060 highs last week to 0.6920 now. Faster MA’s aligned lower, MACD signal line & histogram below 0 significantly and moving lower, RSI 17.80; OS but still falling. H1 ATR 0.0014, Daily ATR 0.0058.

    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. HFblogNews

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    Date : 23rd August 2021.

    Market Update – August 23 – Dollar Dips, Equities Hold gains.

    [​IMG]
    Market News Today – USD (USDIndex 93.32) ticks lower again today, but holds significantly over 93.00.Yields (10yr 1.26%) lower as Asian stock markets follow US higher. (USA500 closed +0.81% @ 4441 & FUTS trade at 4451 now). Weekend – Afghanistan situation continues to hold, Biden issues EO on some Russian pipeline sanctions, Delta variant remains a significant concern, Japanese PM Suga suffers major reverse in local elections. Overnight – AUD & JPY PMIs miss expectations, USOil up from 7-day fall to $61.35 on Friday to $62.85, Gold holds at $1785.

    European Open – September 10-yr Bund future down -15 ticks, US futures also retreating as risk appetite stabilises. Easing tapering concerns have helped underpin demand; DAX & FTSE 100 futures are up 0.7%, US futures around 0.4%. Japan’s PMI readings pointed to acceleration in the pace of contraction & while European readings are expected to remain firmly in expansion territory, there is the risk that rising cases & questions over the efficacy of vaccines will weigh on services sentiment in particular, while the manufacturing sector continues to struggle with supply chain disruptions & capacity constraints. The announcement that Jackson Hole will be a virtual event will go some way to keep at least hope in ongoing central bank support alive. “The shift away from an in-person gathering, reflects a much more cautious Fed, which in turn suggests the Fed will not be announcing a path on QE tapering as soon as Jackson Hole, and likely not in September.” – Action Economics.

    Today – EZ, UK, US Flash PMIs, US Existing Home Sales.

    [​IMG]

    Biggest Mover @ (06:30 GMT) USOil (+1.90%) Breaks 7-day losing streak, currently up from 61.35 low on Friday to trade over $63.00 today. Currently back to $62.85. Faster MA’s aligned higher, MACD signal line & histogram below 0 but rising and testing this level. RSI 55.6 and rising, MFI 110 and significantly OB. H1 ATR 0.35, Daily ATR 2.15.

    Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

    Please note that times displayed based on local time zone and are from time of writing this report.

    Click HERE to access the full HotForex Economic calendar.

    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

    Click HERE to READ more Market news.

    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. HFblogNews

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    Date : 24th August 2021.

    Market Update – August 24 – USD Cools, Equities, Crude Oil & Gold hold gains.

    [​IMG]
    Market News Today – USD (USDIndex 93.00) ticks lower but holds at 93.00, Yields (10yr 1.255%) lower too as Asian stock markets follow US markets higher. (USA500 closed +0.85% @ 4479 & FUTS trade at 4485 now). Nasdaq biggest mover +1.55% on formal approval by the US of Pfizer (+2.5%)/BioNtech (+9.5%) vaccine. PMI data very mixed yesterday. Overnight – VP Harris (in Singapore) calls China actions in S. China Sea “intimidation” and “coercive”. USOil rallied over 5% and trades at $65.50, Gold moved on USD weakness and holds over $1800 at $1802 up from Friday’s close at $1778.

    European Open – Bonds remained under pressure overnight, as stock market sentiment continued to improve. The September 10-year Bund future is down 9 ticks, U.S. futures are also in negative territory too. DAX and FTSE 100 futures meanwhile are posting gains of 0.16% and 0.21% respectively, pointing to another move higher in indexes today as investors price out an imminent tapering announcement from the Fed. In FX markets haven flows are also reversing, leaving EURUSD little changed at 1.1743 and the Pound underpinned with cable lifting to 1.3743, from a Friday close down at 1.3610. USDJPY gave up 110.00 yesterday and sits at 109.80. AUD & NZD are the best performing of the majors following strong retail sales in NZ. German Q2 GDP a tick higher than expected at 1.6%.

    Today – US New Home Sales, ECB’s Schnabel, BOE’s Tenreyro and supply from Germany and the US. G7 to meet regarding Afghanistan.

    [​IMG]

    Biggest FX Mover @ (06:30 GMT) NZDJPY (+0.55%) Breaks 7-day losing streak, currently up from 74.56 low on Friday to test 76.03 today. Currently back to 75.97. Faster MA’s aligned higher, MACD signal line & histogram above 0 significantly and consolidating. RSI 70.82, rising and testing OB zone. Stochs in OB zone. H1 ATR 0.112, Daily ATR 0.69.

    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. HFblogNews

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    Date : 27th August 2021.

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

    [​IMG]
    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.)
    [​IMG]

    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.

    [​IMG]

    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.
     
  6. HFblogNews

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    Date : 30th August 2021.

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

    [​IMG]
    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.

    [​IMG]

    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.
     
  7. HFblogNews

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    Date : 31st August 2021.

    Market Update – August 31.

    [​IMG]
    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 helped 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.

    [​IMG]

    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.
     
  8. HFblogNews

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    Date : 1st September 2021.

    Market Update – September 1.

    [​IMG]
    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.

    [​IMG]

    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.
     
  9. HFblogNews

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    Date : 3rd September 2021.

    Market Update – September 3 – NFP day.

    [​IMG]
    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.

    [​IMG]

    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.

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    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.
     
  10. HFblogNews

    HFblogNews
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    Date : 6th September 2021.

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

    [​IMG]
    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.

    [​IMG]

    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.
     

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