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#621 17-11-2021 22:00:31

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Re: hotforex.com - Market analysis and news.

Date : 17th November 2021.

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

https://bit.ly/3qHARhE

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

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

https://bit.ly/3kOGabd

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

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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

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#622 22-11-2021 11:43:43

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Re: hotforex.com - Market analysis and news.

Date : 22nd November 2021.

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

https://bit.ly/3DFmVZe

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

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

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

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

https://bit.ly/3DL38HK

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

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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

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#623 23-11-2021 17:29:41

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Re: hotforex.com - Market analysis and news.

Date : 23rd November 2021.

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

https://bit.ly/30Qv7r4

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

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

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

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

https://bit.ly/3r4uKUS

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

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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.

Stuart Cowell
Head Market Analyst
HotForex

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

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#624 24-11-2021 18:36:52

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Re: hotforex.com - Market analysis and news.

Date : 24th November 2021.

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

https://bit.ly/3cMclDS
Trading Leveraged Products is risky

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

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

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

https://bit.ly/3nQpn9u

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

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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.

Stuart Cowell
Head Market Analyst
HotForex

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

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#625 25-11-2021 18:50:41

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Re: hotforex.com - Market analysis and news.

Date : 25th November 2021.

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

https://bit.ly/3CRHKza
Trading Leveraged Products is risky

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

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

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

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

https://bit.ly/3E85pgx

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

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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.

Stuart Cowell
Head Market Analyst
HotForex

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

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#626 26-11-2021 17:39:58

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Re: hotforex.com - Market analysis and news.

Date : 26th November 2021.

Market Update – November 26 – B.1.1.529 – Risk Off.

https://bit.ly/3cRoHL6
Trading Leveraged Products is risky

* B.1.1.529 – RISK OFF – JPY, CHF & USD bid – AUD, NZD & CAD pressured – Stocks & Oil tank. (-2.5%)  Treasuries in demand as yields slip.
UK, Singapore, Taiwan & Israel ban flights from 6 South African Countries – 2 x cases also detected in Hong Kong. “B.1.1.529, has a spike protein that was dramatically different to the one in the original coronavirus that COVID-19 vaccines are based on.”
* USD (USDIndex 96.61) holds on around 16-mth highs; elsewhere AUDJPY down 1.4% and still falling, currently.

https://bit.ly/32vEHjL

* The ECB Minutes – inflation coming down below 2% in the medium term, elevated inflation uncertainty & possible upside risks were flagged, bank needed to maintain a degree of flexibility on the future policy path The minutes flagged that PEPP could be phased out in steps until the end of the program in March next year, which be expect to be confirmed at the December meeting.
* US Yields 10yr trades at 1.54%, down from over 10bps
* Equities – Asian markets sink -2.5% (Nikkei) – USA500.F tanks from a close at 4705 to trade at 4624.
* USOil – glugs over 3.5% lower to $74.50, closed $77.42
* Gold rallies from $1788, breaches $1800 to trade at $1802.
* FX markets – EURUSD now 1.1234, USDJPY now 114.40 & Cable back to 1.3300.

Overnight – JPY Tokyo CPI inline, AUD Retail Sales big beat (4.9% vs 2.2%) and German Import prices leap +3.8% m/m, a whopping 21.7% in October, up from 17.7% in the previous month. Energy prices were again the main culprit +20.7% m/m jump in October that left prices 141% higher than in October last year.

European Open: The December 10-year Bund future is up 94 ticks at 171.92, Treasuries have outperformed and the ultra long end in both Germany and the U.S. have seen a huge rise in demand as the detection of a new virus variant that is feared to render vaccines much less effective spooked markets.  DAX and FTSE 100 futures are down -1.9% and -2.2% respectively, while a 1.7% slide in the Dow Jones is leading the sell off in U.S. futures.

Today – CHF GDP, EZ M3 Money Supply, ECB’s Lagarde, Schnabel, Panetta, BoE’s Pill.

https://bit.ly/3HVkC6O

Biggest FX Mover @ (07:30 GMT) AUDJPY (-1.75%)  Risk Off – sell off of the most sensitive FX pair. Daily support 81.00, 80.50 and then 80.00. MAs aligned lower, MACD signal line & histogram falling & under 0 line, RSI 7.3 OS & still falling. H1 ATR 0.208, Daily ATR 0.768.

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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#627 29-11-2021 08:30:39

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Re: hotforex.com - Market analysis and news.

Date : 29th November 2021.

Market Update – November 29 – Omicron dominates sentiment.

https://bit.ly/3I14DUO
Trading Leveraged Products is risky

* USD (USDIndex 96.30) recovers from Fridays slump (95.98),  Stocks lost over –2.2% in thin half-day trading, Oil FUTS lost –13%, Gold slumped and Yields tanked (10-yr 1.482%) on a safe haven (JPY & CHF bid)  risk off day. (and a strange carry trade bid for EUR). Weekend news, as Countries block flights and tighten restricts, but first Omicron cases in SA appear mild and hospitalizations have not spiked,  has seen a bounce in sentiment and Asian markets. Pfizer suggested it would take 100 days to adapt new vaccine, if required.
* US Yields 10yr trades up 5.1 bp at 1.52%, after Friday’s slump.
* Equities – tanked in thin and short day on Friday USA500 -106.84 (-2.27%) at 45941 – USA500.F trades higher at 4639.
* USOil – collapsed to $67.08 – now up nearly $4 at $71.00. OPEC+ have delayed this weeks meeting by 2 days & likely to delay planned January production increases.
* Gold spiked under $1780, has bounced to $1795 but struggles to recoup $1800
* FX markets – EURUSD now 1.1270, after a +125pip rally on Friday, USDJPY now 113.36, from 115.50 to 113.00 on Friday & Cable back to 1.3325.

Overnight – JPY Retail Sales recover but miss expectations  (0.9% vs 1.2% & -0.5% last time).

European Open: The December 10-year Bund future is down -27 ticks, US futures are also in the red & the US 10-year rate is up 5.1 bp at 1.52%. Stock markets remained under pressure during the Asian part of the session, but DAX and FTSE 100 futures are up 1.2% and 1.3% respectively and a 1.2% rise in the NASDAQ is leading US futures higher. A part reversal of Friday’s flows then as virus developments remain in focus. Travel restrictions are making a come back and the services sector in particular is facing fresh pain, but as Lagarde suggested over the weekend, the impact of Omicron is unlikely to throw economies back to the situation at the start of the pandemic, meaning the overall situation has not really changed. We continue to see the ECB on course to end PEPP purchases on time in March next year, although developments will add to the arguments of those who want to keep the flexibility on the distribution of asset purchases at least for future emergencies. The BoE meanwhile may be postponing the planned rate hike into next year.

Today – German regional and national CPIs, Eurozone Consumer Confidence (final), US Pending Home Sales, ECB’s de Guindos, Schnabel, Lagarde, Fed’s Williams, Powell.

https://bit.ly/3o1feXE

Biggest FX Mover @ (07:30 GMT) CADCHF (1.00%)  The risk-off collapse on Friday 0.7400-0.7200 has recovered to 0.7280. MAs aligned higher,  MACD signal line & histogram rising but still below 0 line, RSI 53.80 & rising H1 ATR 0.0018, 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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#628 30-11-2021 16:22:19

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Re: hotforex.com - Market analysis and news.

Date : 30th November 2021.

Market Update – November 30– Stocks at ups & downs.

https://analysis.hotforex.com/?refid=8138/wp-content/uploads/2019/06/london_1200x628.jpg
Trading Leveraged Products is risky

Omicron remains in focus and warnings that it will leave current vaccines far less effective and that it will take time to modify and produce new ones has seen markets adjusting growth forecasts and central bank projections.

* USD (USDIndex 96.00 up from 95.92 low) saw a fresh wave of risk aversion as Treasuries sold off, but cautiously with only a modest back up in yields, &  Stocks bounced significantly with the USA100 jumping over 2% intraday with IT a big winner. It closed with a 1.88% gain, with the USA500 1.3% firmer, and the USA30 up 0.68%.
* Wall Street stocks closed higher as investors were hopeful that the Omicron coronavirus variant would not lead to lockdowns after reassurance from US President Joe Biden.
* Moderna’s CEO told the FT that existing vaccines will be less effective and that it may take months before modified vaccines are available at scale. #Moderna +12.73% yesterday.
* US Yields 10- and 30-year rates were up just over 3 bps to 1.51% and 1.859%, respectively, with the 2-year 1bps higher at 0.508% The 10-year is currently corrected -3.9 bp to 1.46%, but it is still in negative territory, at -1.05% on Tuesday, keeping gold’s opportunity cost low.
* Equities – Topix and Nikkei are down -1.0% and -1.6% respectively,  Hang Seng lost -2.3%, the CSI 300 -0.6%, while the ASX outperformed with a modest gain of 0.2%.
* USOil – down by 2%, drifted to $66.73 – after FT cast doubt on the efficacy of COVID-19 vaccines against the Omicron – expectations are growing that OPEC+, will put on hold plans to add 400,000 barrels per day (bpd) of supply in January.
* Gold spiked to $1795 – World Health Organization said on Monday carried a very high risk of infection surges.
* #TWTR was UP 12% pre-market on news Dorsey was leaving as CEO – it closed DOWN 2.74%. The USA100 rose+1.88%.
* FX markets – Yen rallied (a new flight to safety), Aussie and kiwi slide. USDJPY at 112.94, EURUSD now 1.1326 & Cable steadied to 1.3300-1.3330.

European Open: The December 10-year Bund future is up 46 ticks, Treasury futures are outperforming and in cash markets the US 10-year rate has corrected -3.9 bp to 1.46% amid a fresh wave of risk aversion.  DAX and FTSE 100 futures are down -1.5% and -1.1% respectively, while a -1.1% drop in the Dow Jones is leading US futures lower. In FX markets both EUR and GBP gained against the Dollar. EGB yields had moved higher against the background of improving risk appetite and a jump in German inflation yesterday, but while Eurozone HICP today is likely to exceed forecasts, central bankers have already been out in force to play down the importance of the number for the central bank outlook and rate expectations. Virus developments will also help to take the sting out of the number.

Today – German labour market data, EU Inflation, Canadian GDP and US Consumer confidence are due today. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen are due to testify before the US Senate Banking Committee at 15:00 GMT.

https://analysis.hotforex.com/?refid=8138/wp-content/uploads/2021/11/2021-11-30_09-55-58.jpg

Biggest FX Mover @ (07:30 GMT) AUDJPY (-0.68%) Risk-sensitive currencies slid and safe havens gained. AUDJPY dropped to 80 lows (S2). Currently MAs point rightwards, MACD signal line & histogram below 0, RSI rising above 30 but Stochastic OS. Hence a mixed picture intraday.

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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

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#629 01-12-2021 16:08:27

HFblogNews
Member
Registered: 26-06-2014
Posts: 1623
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Re: hotforex.com - Market analysis and news.

Date : 1st December 2021.

Market Update – December 1 – Taper gets a boost & Transitory gets “retired”.

https://bit.ly/3lsOeyR
Trading Leveraged Products is risky

Powell “retires” Transitory in light of Omicron & surprisingly suggests faster taper – Stocks tank, Dollar& Yields rise on faster tightening expectations.

* USD (USDIndex 95.90) back down from leap to 96.60 on Powell testimony. Saw fresh wave of risk aversion as Treasuries sold off, yields spiked (particularly the 2yr) , Stocks fell significantly with USA100 down over -2.4% (APPL bucked the trend +3.16%) USA500 -1.90% (-88pts) 4567 & USA30 off 652 pts or -1.86%. Consumer confidence saw a slump in the headline, and a rise to a 13-year high in the inflation component. The Chicago PMI fell to 61.8. Home prices increased to fresh record peaks.
* US Yields 10-year rates were down over 7 bps to 1.41% before closing at 1.443% before recovring to 1.468% now. 
* Asian Markets – Equities – Topix and Nikkei are currently up 0.4%, the Hang Seng bounced 1.1% and the CSI 300 is up 0.1%. The ASX, which outperformed yesterday, dropped back -0.3%. Data over night – Japan’s manufacturing PMI came in stronger than expected and while China’s private PMI reading signalled stagnation at 49.9, that was compensated somewhat by the stronger than expected official manufacturing PMI released yesterday. AUD GDP was not as bad as expected -1.9% vs -2.7% & 0.7% last time.
* USOil – continues under pressure, down to $64.08 (14-week lows) yesterday – recovered to test $68.00 today – expectations continue to  grow that OPEC+, will put on hold plans to add 400,000 barrels per day (bpd) of supply in January at their meeting tomorrow.
* Gold finally some intra-day volatility – Powell surprise spiked to $1808 – before testing $1770 with a couple of hours, back to $1788 now.
* FX markets – Yen rallied USDJPY dipped to 112.50, back to 113.40 now, EURUSD now 1.1326 & Cable steadied to 1.3300-1.3330.

European Open: December 10-yr Bund future down -11 ticks at 172.26, slightly outperforming versus Treasury futures. Central bankers may be getting more nervous about inflation outlook, but Omicron clearly is clouding over growth outlook & in Europe at least that will boost the arguments of the cautious camp at the central banks. US yields remain firmly below the levels seen before the new virus variant hit the headlines & sentiment is likely to remain jittery, even if stocks are set to back up from yesterday’s lows, with DAX & FTSE 100 future posting gains of 0.9% and 0.7% respectively & a 1.4% jump in the NASDAQ leading US futures higher. Data releases today kicked off with a big miss for German Retail sales (-0.3% vs 1.0%), higher UK house prices & firmer CPI from CHF.

Today – PMIs (EZ & UK),US Markit Final Manufacturing PMIs, US ADP and ISM Manufacturing PMI, JTC and OPEC meetings, BoE’s Bailey and Fed’s Powell & Yellen testify.

https://bit.ly/3rniVcx

Biggest FX Mover @ (07:30 GMT) NZDJPY (+0.60%) Risk-sensitive currencies remain volatile, from a slide to 76.65 yesterday, today a rally to 77.80. Currently MAs aligned higher, MACD signal line & histogram over 0 and rising, RSI dipping from 70.00 at 58, Stochastic remain OB. H1 ATR 0.172, Daily 0.84.

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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#630 Yesterday 14:56:19

HFblogNews
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Registered: 26-06-2014
Posts: 1623
Website

Re: hotforex.com - Market analysis and news.

Date : 2nd December 2021.

Market Update – December 2- Sentiment swings on Omicron news.

https://bit.ly/3DiBDEv
Trading Leveraged Products is risky

Powell reiterates Hawkishness, First case of Omicron confirmed in US – Stocks tank again under key technical levels, Yields slip again, USD mixed. Erdogan sacks Fin Min – TRY new all-time lows, Apple iPhone 13 demand weakens, GSK anti-viral drug remains active vs. Omicron.

* USD (USDIndex 96.08) rotates through 96.00 due to lack of firm data regarding Omicron, markets reamin on edge. Stocks fell significantly with USA100 down over -1.83% USA500 -1.18% (-54pts) 4513 (opened the day +1.1%) and broke 50-day MA first time since October 14 & USA30 off 461 pts and under 200-day MA first time since July 13 2020.
* * US Yields 10-year rates were down over 7 bps to 1.40% before recovering to 1.434% now. 
Asian Markets – Asian markets have traded mixed. Topix and Nikkei are down -0.5% and -0.7% respectively. The ASX lost -0.1%, but Hang Seng and CSI 300 are up 0.2% and 0.3%. Shenzen and Shanghai Comp are slightly lower though as officials seem eager to close a loophole used by tech firms to list abroad.
* USOil – continues under pressure, down to $64.50 yesterday – recovered to test $66.35 today – awaiting OPEC+ meeting later.
* Gold Up day yesterday but remains pressured testing $1775 now 
* FX markets – Yen rallied USDJPY dipped to 112.70, back to 113.31 now, EURUSD now 1.1312 & Cable pressured 1.3192 low yesterday – 1.3275 now.

European Open: The 10-year Bund future is up 30 ticks, outperforming versus Treasuries, which remain pressured by the hawkish turn at the Fed. The 10-year Treasury yield has lifted 3.0 bp overnight, but at 1.43% remains far below the levels seen ahead of the Omicron scare, which the WHO seemed to try and play down somewhat. DAX and FTSE 100 down -1.1% and -0.9% respectively in catch up trade with the slide on Wall Street yesterday, while US futures have found a footing and are posting gains of around 0.6-0.8%.

Today – EZ Unemployment Rate, US Weekly Claims, Fed’s Bostic, Quarles, Daly, ECB’s Panetta, JMMC/OPEC+ meetings.

https://bit.ly/3rvABm3

Biggest FX Mover @ (07:30 GMT) CADJPY (+0.77%) Risk-sensitive currencies remain volatile, from a slide to 87.85 yesterday, today a rally to 88.60. Currently MAs aligned higher, MACD signal line & histogram under 0 but rising, RSI 56 & rising, OB. H1 ATR 0.188, Daily 0.98.

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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