Jump to content

‚§īÔłŹ-Paid Ad- TGF verify and approve but does not endorse any products.ūüĒ• Place your 728 x 90 banner here.ūüĒ•

‚§īÔłŹ-Paid Ad- TGF verify and approve but does not endorse any products. Add your 728 x 90 banner here.ūüĒ•

‚§īÔłŹ-Paid Ad- TGF verify and approve but does not endorse any products. Add your 728 x90 banner here.ūüĒ•

  • Join FreeCash & Get paid for completing offers and games. Cashout from $0,10. Join FreeCash!. ūüĎąūüĎą

Market Analysis And News by Hotforex.com

Rate this topic


HFM
 Share

Recommended Posts

  • Representatives
Date : 20th April 2022.

Market Update ‚Äď April 20 ‚Äď USD slips, Stocks rally, Yields hold, Gold & Oil dive.


daily-market-update-696x364.png
USD¬†slipped from highs,¬†Yields¬†held onto gains,¬†Stocks¬†rallied and¬†Gold¬†&¬†Oil¬†dived.¬†USDJPY¬†hit a new 20-yr high at¬†129.40¬†before a sharp reverse.¬†Kashkari¬†(Dove) re: Inflation, Fed will ‚Äúhave to do more‚ÄĚ The¬†IMF¬†&¬†World Bank¬†significantly cut global economic growth. Stocks rallied (NASDAQ¬†+2.15%),¬†Netflix¬†lost 200k subscribers in Q1, (first subscriber loss in 10 years) shares dived¬†-18%¬†after hours having gained +3.18% at the close. Asian Markets broadly higher (Nikkei +0.86%), Chinese markets lower.
 
  • USDIndex¬†spiked over¬†101.00¬†& trades at¬†100.75¬†as USD cools & Yields hold up.
  • Equities¬†‚ÄstUSA500¬†+70 (+1.61%) at¬†4462. ‚ÄstRecovering 4400. US500FUTS lower at¬†4438. NFLX¬†will be marked lower on open after subscriber decline and weak outlook.¬†AAL¬†&¬†UAL¬†gained¬†+5.66%¬†&¬†+4.5%¬†respectively.
  • Yields¬†moved significantly higher, 10-yr moved within a smidge of¬†3.00%¬†earlier from a close at¬†2.913%
  • Oil & Gold¬†both tumbled from Monday highs.¬†USOil¬†tanked from¬†$109.75¬†to under $102 and trades at¬†$102.80¬†now.¬†Gold¬†fell from $2 short of¬†$2000¬†to¬†$1940¬†now.
  • Bitcoin¬†recovered from 39.5k on Monday to over 41.3k now.
  • FX markets¬†‚ÄstEURUSD¬†has recovered¬†1.0800¬†from¬†1.0760¬†lows yesterday.¬†USDJPY¬†cooled from decade highs to trade at¬†128.65¬†and¬†Cable¬†recovered from¬†1.2980¬†lows to¬†1.3025¬†now.
Overnight¬†‚ÄstJapan ‚Ästbig miss for Trade balance (-0.90T vs -.058T) (Imports¬†higher due to Energy costs,¬†Exports¬†down due to China lockdowns), Industrial Activity missed significantly (-1.35 vs +0.3%).¬†PBOC¬†did not move rates again, German PPI hotter again (+4.9%¬†vs 1.4% last month).

Today¬†‚Äď EZ Industrial Production,¬†Canadian CPI, US Existing Home Sales, French Election TV Debate, Speeches from Fed‚Äôs Daly & Evans.¬†Earnings¬†ASML (beat) Carrefour, Danone (beat), Heineken, P&G and¬†United Airlines.

2022-04-20_09-58-28.png

Biggest FX Mover @ (07:30 GMT) AUDUSD (+0.55%) Rallied from lows under 0.7340 yesterday to 0.7430 highs today. Next resistance 0.7450. MAs aligned higher, MACD signal line & histogram moving higher, RSI 65 & rising, Stochs in OB zone. H1 ATR 0.0015, Daily ATR 0.0071.

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.
Link to comment
Share on other sites

  • Representatives
Date : 21st April 2022.

Market Update ‚Äď April 21 ‚Äď Yields & USD Cool, NFLX & TSLA grab the headlines.


eu_update_1200x628-e1567669197104-696x339.png Trading Leveraged Products is risky
USD¬†continued to unwind,¬†Yields¬†dipped on profit taking and moved lower,¬†Stocks¬†very mixed; worst was¬†NASDAQ¬†-1.22%,¬†NFLX¬†-35%,¬†FB -7.7%,¬†IBM +7.10%¬†and¬†TSLA¬†‚Äď4.96%¬†(but recovered all of that after hours). Asian Markets also mixed (Nikkei +1.24%, Shanghai -1.77%).¬†Oil & Gold¬†tested key support areas before recovering. Fed officials¬†Daly & Evans¬†talk 50 bp hike necessary in May.

The¬†West¬†is preparing a new military aid package for Ukraine. Ukraine calls for talks on Mariupol withdrawal, Russia tests¬†new ICBM¬†in show of strength says Mariupol will fall on Thursday.¬†Macron & Le-Pen¬†TV face to face ‚Äď no clear winner but Macron came out better. World faces hunger ‚Äėcatastrophe‚Äô as food prices could rise by up to 37% from invasion.¬†Xi, Modi & Serbia¬†restate opposition to Russian sanctions.¬†Johnson¬†in India, calls dealing with¬†Putin¬†like dealing with a ‚Äúcrocodile‚ÄĚ.
 
  • USDIndex¬†spikes lower to¬†100.20¬†from a test of¬†101.00¬†yesterday as USD & Yields cool.
  • Equities¬†‚ÄstUSA500¬†-2.76 (-0.06%) at¬†4459. ‚ÄstHolds 4400. US500FUTS tick higher at¬†4470. NFLX¬†wipe out (down¬†‚Äď67.7%¬†from Nov. highs as Pandemic stay at home winners suffer.) Ackman‚Äôs¬†Pershing Square¬†fund sold entire stake losing¬†$430m¬†from January $1.1 bln investment.¬†TSLA¬†significantly¬†beat¬†EPS & Revenue, profit up $3.3bln, deliveries up 68% at 310K, & supply chains not an apparent problem.¬†MUSK¬†pockets¬†$23bln¬†on results.
  • Yields¬†moved significantly lower following 10-yr closed at¬†2.84%¬†from the attempt at¬†3%¬†earlier in the week. Trades at¬†2.87%¬†now
  • Oil & Gold¬†both had a volatile session pressured lower.¬†USOil¬†tested under¬†$100.00¬†and trades at¬†$103.40¬†now, having tumbled from¬†$109.40¬†this week.¬†Gold¬†fell to test¬†$1940¬†zone and trades at¬†$1950¬†now, having rejected¬†$2000¬†this week.
  • Bitcoin¬†continued to recover from sub 38.5k on Monday to over 41.6k now.
  • FX markets¬†‚ÄstEURUSD¬†has recovered¬†1.0850¬†and now tests¬†1.0900¬†zone.¬†USDJPY¬†cooled from decade highs to trade at¬†128.00¬†and¬†Cable¬†recovered from¬†1.3000¬†lows to¬†1.3075¬†now.
Overnight¬†‚ÄstNZD ‚Ästsurprise miss for CPI (1.8%¬†vs 2.0% & 1.4%)¬†PBOC¬†reduced Yuan to November lows after holding off Intertest rate changes.

Today¬†‚ÄstEZ CPI¬†(Final), US Weekly Claims & Philadelphia Fed,¬†EZ¬†Consumer Confidence¬†(Flash), Speeches from Fed‚Äôs¬†Powell,¬†ECB‚Äôs¬†Lagarde, BoE‚Äôs¬†Bailey¬†& Mann.¬†Earnings¬†from Meggitt,¬†Nestle¬†(in-line),¬†American Airlines,¬†AT&T¬†and Phillip Morris.

2022-04-21_09-56-24.png

Biggest FX Mover @ (06:30 GMT) EURNZD (+0.67%) Rallied from lows under 1.5930 yesterday to 1.6055 highs today. Next resistance 1.6100. MAs aligned higher, MACD signal line & histogram moving higher, RSI 64 & rising, H1 ATR 0.0031, Daily ATR 0.01571.

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.
Link to comment
Share on other sites

  • Representatives
Date : 26th April 2022.

Market Update ‚Äď April 26 ‚Äď Fragile Sentiment.


daily-market-update-696x364.png
Sentiment stabilised, after a mostly gloomy session for stocks yesterday. Wall Street got a late boost. Across the Asia Pacific region, the ASX underperformed in catch up trade, after returning from yesterday’s holiday, though global growth fears stoked by China’s strict COVID-19 curbs and an expected streak of aggressive Federal Reserve tightening sapped risk appetite. Wall Street surged and closed with gains, as Twitter jumped sharply on news Elon Musk finalized his purchase for some $44 bln. The late pop on Wall Street pulled rates up. Treasury yields are up from early double-digit lows. Switzerland’s trade surplus narrowed to just CHF 1.8 bln in March, from CHF 5.5 bln in February. The UK government reported a GBP13.1 bln deficit in March this year, less than markets had expected, but still the second-highest number for March.
 
  • Yields¬†closed in the green¬†but well off of double-digit lows early in the day when the market caught a flight to safety bid. The 5-year finished 2 bps lower at¬†2.845%, with the wi 2-year down 2 bps to¬†2.650%, and the 10-year off 1.3 bps to¬†2.806%.¬†Bund yields¬†are backing up and the German 10-year rate has lifted 2.9 bp to 0.86%.
  • Stocks¬†‚Äď The¬†USA100¬†has climbed over¬†1.29%, while expectations for solid gains from Microsoft on Tuesday added to the rally. The¬†USA30¬†and¬†USA500¬†closed with gains of¬†0.70%¬†and¬†0.57%¬†as well after trading in the red much of the day as growth concerns weighed heavily, with a steep slide in energy.¬†Nikkei¬†lifted 0.4%.
  • USDIndex¬†remains on bid, at¬†101.85¬†highs.
  • Oil¬†prices dropped by 4% at $95.05¬†but added¬†0.89%¬†to $99.42¬†a barrel currently. Worries over China‚Äôs fuel demand were soothed by the central bank‚Äôs pledge to support an economy hit by renewed COVID-19 curbs.
  • Gold¬†dipped to $1890¬†more than 2-month support.
  • FX markets¬†‚ÄstUSDJPY¬†dropped back to¬†1.2787, although¬†AUD¬†and¬†NZD¬†and to a lesser extent the¬†CAD¬†outperformed, after being pressured yesterday. EUR and Sterling remain at low levels against the USD, with¬†Cable¬†at¬†1.2740¬†and¬†EURUSD¬†at¬†1.0710.
Today¬†‚Äď This week‚Äôs calendar is loaded with key data, events, and earnings that will give hawks and doves plenty of ammunition and keep the markets in flux. Today focus turns to US Durable goods and Consumer Confidence.

2022-04-26_10-36-19.jpg

Biggest FX Mover @(07:30 GMT) USDZAR (+0.94%) Breached 15.82. MAs still aligned higher, MACD signal line & histogram moving higher but very close to neutral zone, RSI 67 and rising, H1 ATR 0.05376, Daily ATR 0.2097.

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.
Link to comment
Share on other sites

  • Representatives
Date : 27th April 2022.

Market Update ‚Äď April 27 ‚Äď Aggressive central bank moves hanging over markets.


proxy.php?image=https%3A%2F%2Fanalysis.hotforex.com%2Fwp-content%2Fuploads%2F2018%2F12%2Feu_update_1200x628-e1567669197104-696x339.png&hash=a9a7dfbd6b36aa1be4b9e1cc3c634136 Trading Leveraged Products is risky
Concern over aggressive tightening moves has resurfaced¬†and Australia‚Äôs 10-year yield declined, as the short end of the curve was pressured by a jump in headline inflation which lifted to¬†5.1% y/y in Q1 ‚Äď the highest level since the introduction of the Goods and Services Tax in the early 2000s.¬†Stocks not surprisingly struggled, although mainland China bourses finally bounced back.¬†Gold¬†was back in demand temporarily and¬†Oil¬†prices backed up, with USOIL at¬†$102.46¬†now. The¬†Yen¬†sold off, while the USDIndex is moving further above the 102 level. Russia halts gas supplies to Poland and Bulgaria.
 
  • The¬†10-year Treasury yield is up 4.4 bp,¬†with the curve flattening as the short end underperformed.
  • Stocks¬†‚ÄstNikkei¬†and ASX meanwhile corrected¬†-1.2%¬†and¬†-0.8%¬†respectively with tech stocks under pressure after the weaker close on Wall Street yesterday.¬†USA100¬†cratered -3.95%. The¬†USA500¬†dropped -2.81% and the¬†USA30¬†sunk -2.38%.¬†GER40¬†and¬†UK100¬†are slightly higher at the moment, but underperforming versus US futures.
  • Earnings¬†have been mixed¬†but the advent of the key reports ahead left a very cautious environment. While a lot of reports have been better than expected, Q2 outlooks have been cut while guidance has been uncertain.¬†Alphabet¬†was down about 3%,¬†GE disappointed¬†and was the poster child for the headwinds, revealing supply chains problems, rising costs, and shortages of materials and labour.
  • USDIndex¬†remains on bid, at¬†102.52¬†highs.
  • Oil¬†spiked to¬†102.96, as Russia, which has been demanding payments for its gas in roubles as sanctions over its invasion of Ukraine bite, said it will halt supplies to Poland and Bulgaria from Wednesday.
  • Gold¬†back below¬†$1900.
  • FX markets¬†‚ÄstUSDJPY¬†over the¬†128¬†mark again,¬†EURUSD¬†extends to 1.0615,¬†GBPUSD¬†steady to the downside at¬†1.2558, USDCAD¬†to¬†1.2828¬†highs.
Today¬†‚Äď ECB‚Äôs President Lagarde speech, BoC‚Äôs Rogers speech, BoC‚Äôs Governor Macklem speech.

proxy.php?image=https%3A%2F%2Fanalysis.hotforex.com%2Fwp-content%2Fuploads%2F2022%2F04%2F2022-04-27_10-01-20.jpg&hash=e2a07ec282497ec958796848a4ebb35d

Biggest FX Mover @ (07:30 GMT) AUDJPY (+1.29%) Breached 92. MAs flattened, MACD signal line & histogram moving higher close to neutral zone, RSI at 45, all signalling a pullback. H1 ATR 0.305, Daily ATR 1.195.

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.
Link to comment
Share on other sites

  • Representatives
Date : 28th April 2022.

Market Update ‚Äď April 28 ‚Äď USD Dominates with FX Markets in Focus.


DOLLAR-696x406.png
USDJPY rockets higher with 130.00 in the cross-hairs as BOJ leaves main policy steady, to hold 10yr JGB ceiling at 0.25%, while JPY was clobbered across the board again. AUDJPY back to 92.00, GBPJPY 162.00, EURJPY 136.40. The markets continued to mull the implications of the stand off between the EU and Russia over payment modalities for Russian gas deliveries.
 
  • The front on a gradual ban of Russian oil imports has hardened, as Russia upped the ante, but while the EU urged a united front on Russian demands for ruble payments, the European Commission last week seemed open to companies finding ways to tally Moscow‚Äôs demands with the EU‚Äôs sanctions against Putin and that is what many companies are doing now. In the end it seems unlikely that gas supplies to the EU will stop immediately, although governments will work even harder to become independent of Russian deliveries as soon as possible.
  • The¬†10-year Treasury yield is down ‚Äď1.1 bp to 2.82%, while JGBs were supported after the BOJ.
  • Stocks¬†‚ÄstASX¬†lifted 1.2%, and the Hang Seng 0.5%, but the CSI 300 is currently down -0.4%, with Covid developments still in focus. US futures are also higher, with a 1.3% rise in the¬†USA100¬†leading the way.
  • Earnings¬†‚Äď Strong earnings from¬†Microsoft¬†and¬†Visa.¬†Facebook¬†owner Meta beat Wall Street forecasts and said it had eked out user growth, sending its shares up almost 20% after hours.¬†Microsoft¬†MSFT.O shares rallied as well.¬†Google-parent Alphabet¬†Inc GOOGL.O fell 3.6% as slowing¬†YouTube¬†ad sales pushed quarterly revenue below expectations.¬†Boeing¬†Co BA.N dropped 7.5% after it disclosed $1.5 billion in abnormal costs from halting 777X production.
  • USDIndex¬†the main leader, at¬†103.70¬†highs.
  • Oil¬†is currently trading at¬†$101.08,¬†with yesterday‚Äôs gains already erased. China‚Äôs capital Beijing closed some public spaces and stepped up checks at others on Thursday, as most of the city‚Äôs 22 million residents embarked on more COVID-19 mass testing aimed at averting a Shanghai-like lockdown.
  • Gold¬†drifts to¬†$1885.
  • FX markets¬†‚Äď Developments are hurting the¬†EUR, which has dropped below¬†1.0500,¬†while¬†EURGBP¬†fell towards the¬†0.8394¬†mark.¬†GBPUSD¬†is also under pressure amid general Dollar strength.¬†AUD¬†and¬†NZD¬†were on the ropes as worries about a recession in Europe and a slowdown in China¬†engulfed risky assets¬†and overwhelmed the¬†promise of rising interest rates at home.
Today¬†‚Äď Inflation reports for Germany and Spain are due today, as well as confidence data for Italy.

2022-04-28_09-59-34.jpg

Biggest FX Mover @ (07:30 GMT) CADJPY (+1.68%) breached 101.90. MAs pointing higher, MACD signal line & histogram moving higher, RSI at 82, all signalling further boost in the near term. H1 ATR 0.277, Daily ATR 1.15.

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.

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.
Link to comment
Share on other sites

  • Representatives
Date : 29th April 2022.

Market Update ‚Äď April 29.


eu_update_pic_nov18-1-696x391.jpg
Risk appetite surged as optimism over earnings more than overshadowed concerns over the 8% pop in the y/y GDP price gauge and the -1.4% print on Q1 GDP. The contraction in growth was seen as a one-off, however, due to trade disruptions limiting supply alongside a surge in demand following the pandemic, with inventory drawdowns contributing negatively too. Stock markets remained supported overnight, with hopes of support measures in China helping to underpin sentiment, after China vowed to underpin the health of so-called platform firms. Meanwhile, the pick-up in core PCE inflation to a 5.2% y/y pace from 5.0% y/y was also seen on the light side and hence supported notions that prices may be topping out.

European Fixed Income Outlook: Bund yields are down -2.5 bp at 0.87% in early trade, with Eurozone bonds paring some of yesterday’s losses and yields coming down as the unexpected stagnation in French GDP at the start of the year highlighted that there are still reasons for the ECB to remain cautious even as inflation is going through the roof. German import price inflation jumped to 31.2% y/y in March, from 26.3% y/y in the previous month.
 
  • Yields¬†are coming down from yesterday‚Äôs highs. The¬†2-year¬†yield rose over 5 bps to test 2.68% and the¬†10-year¬†challenged 2.90% before drifting back to 2.63% and 2.85%, respectively.
  • Stocks¬†‚ÄstGER40¬†and¬†UK100¬†futures are up around 1.0%,¬†USA100¬†soared 3.06% on the day, with the¬†USA500¬†2.47% higher, while the USA30 climbed 1.85%, but all off of late peaks.¬†Japan is closed for a holiday, the ASX up 1.1% at the close.
  • Earnings¬†‚Äď Meta shares surge after Facebook ekes out user growth; Qualcomm rises after it forecasts upbeat revenue; Apple Inc, the world‚Äôs most valuable company, and e-commerce giant Amazon.com Inc rallied more than 4% ahead of their quarterly reports later in the day.
  • USDIndex¬†lost some of its recent gains, currently at¬†103.15.
  • Oil at $106.42.¬†Oil prices meanwhile moved higher as overall confidence improved and fears over China‚Äôs Covid measures eased somewhat.
  • Gold¬†back above¬†$1900.
  • FX markets¬†‚ÄstEUR¬†and¬†Sterling¬†also found some buyers, but while¬†EURUSD¬†and¬†Cable¬†are up from yesterday‚Äôs lows, they are still looking pretty weak at currently¬†1.0548¬†and¬†1.2530¬†respectively.¬†USDJPY¬†still held above the¬†130.
Today¬†‚Äď German and Eurozone GDP are still to come and Eurozone inflation data are also due, while in the US session eyes are on PCE and Canadian GDP. Exxon and Chevron earnings on tap.

2022-04-29_10-01-41.jpg

Biggest FX Mover @ (07:30 GMT) XAGEUR (+1.27%) breached 22.20. MAs pointing higher, MACD signal line & histogram turned positive, RSI at 62, all signalling further boost in the near term. H1 ATR 0.077, Daily ATR 0.509.

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.
Link to comment
Share on other sites

  • Representatives
Date : 2nd May 2022.

Market Update ‚Äď May 2 ‚Äď USD hold gains, China data dives, Stocks tank.


daily-market-update-696x364.png
USD¬†continues to hold onto recent gains, Stocks crashed (NASDAQ -4.17%¬†Friday to close a miserable April and register its biggest daily loss since September and a weekly loss of -3.9%), Asian markets weaker (many closed due to Eid holidays) and European FUTS down over 1.5%. (UK closed today).¬†Yields¬†jumped higher and¬†VIX¬†soared over¬†7%¬†to 31.30.¬†Oil & Gold¬†both rallied and then gave up all their gains.¬†Weekend data¬†‚Äď Chinese Manu & Services PMI‚Äôs (47.4 vs 49.5 & 41.9 vs. 48.4) the worst in 2 yrs as lockdowns grip the economy.¬†Berkshire Hathaway¬†invested over¬†$51bn¬†in Q1 inc. Chevron (over $21bn), Occidental ($10bn), HP ($4.2bn) & Alleghany ($11.6bn). US House speaker,¬†Pelosi¬†visited Ukraine promising support ‚Äėuntil fight is done‚Äô.
 
  • USDIndex¬†cooled to under¬†103.00¬†on Friday, closed at 103.18, and is back to 103.45, now. April opened at 98.29, a near¬†5%¬†gain.
  • Equities¬†‚ÄstUSA500¬†-155.57 (-3.63%) at¬†4131. ‚ÄstUS500FUTS at¬†4145¬†now.¬†AMZN¬†-14.05%,¬†INTEL¬†-6.94%¬†MSFT & NFLX¬†-4%,¬†APPL¬†-3.66%. Nasdaq lost -13% in April (worst since 2008 Fin. Crisis) S&P500 has lost -13% in 2022 (the worst Jan-April since 1939). 50% of S&P500 companies have reported this Earnings season and 81% have exceeded expectations (average 66%). But outlooks (partic. from AZMN & APPL) have weighed. Volatility is back too, Jan-April there were 33 days with +/- 2% daily moves, in all of 2021 there were just 24.
  • Yields¬†moved significantly higher 10-yr closed at¬†2.887%.¬†Up 1.96% today, at¬†2.942
  • Oil & Gold¬†both had a volatile session moved higher and then reversed to trade lower today.¬†USOil¬†tested to¬†$108.00¬†on Friday but trades at¬†$103.85¬†now.¬†Gold¬†tested¬†$1920¬†zone Friday and trades at¬†$1885¬†now, below key $1900 handle.
  • Bitcoin¬†declined from $40k on Friday to sub $38k to test $39k now.
  • FX markets¬†‚ÄstEURUSD¬†down to¬†1.0525, USDJPY¬†up from¬†129.40¬†to¬†133.30¬†now and¬†Cable¬†recovered to¬†1.2550¬†now from¬†1.2410¬†lows on Friday.
Overnight¬†‚ÄstJPY ‚ÄstConsumer Confidence missed 33 vs 34.9 and Final Manu PMI in line at 53.5.

Week Ahead ‚Äď The focus remains on inflation and the much anticipated response from the¬†FOMC, RBA and BOE¬†this week, while the markets price in action from the ECB down the road. The advent of month-end, a holiday in Japan on Friday, and the UK shut today accelerated some profit taking on Wall Street after the early rally. It looks as though many are sidelined into the weekend and ahead of the FOMC where there is a lot of uncertainty over the aggressiveness of the Fed‚Äôs normalization path, and the BOE‚Äôs ambiguity. Hiking rates too much too quickly would only increase the risk of a stagflation scenario and the BOE‚Äôs current policy is already much closer to neutral than the ECB‚Äôs. The week also sees¬†NFP,¬†and¬†employment data¬†from Canada, Europe and New Zealand.

Today¬†‚Äď German Retail Sales,¬†US ISM Manufacturing, EU Energy Ministers meeting, (Hungary would veto sanctions on Russian energy)¬†Earnings¬†from Italgas, Holidays in UK, China and many Asian countries.

2022-05-02_10-01-32.png

Biggest FX Mover @ (06:30 GMT) USDJPY (+0.49%) Rallied from lows under 1129.40 Friday to 130.45 highs today. Next resistance 130.50 MAs aligned higher, MACD signal line & histogram moving higher, RSI 54 & rising, H1 ATR 0.263, Daily ATR 1.38.

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.
Link to comment
Share on other sites

  • Representatives
Date : 6th May 2022.

Market Update ‚Äď May 6 ‚Äď Massive U-turn ahead of NFP.


NFP-696x364.png
The markets did a big U-turn after Wednesday‚Äôs post-FOMC rally,¬†and the pop in rates hammered Wall Street. Along with positioning, the recent massive swings in the markets and mostly bearish tones have been fostered by escalating fears over inflation, an overly aggressive tightening path from the Fed, and increasing angst over slowing growth, in other words, ‚Äústagflation.‚ÄĚ That potential was imbedded in the Q1 productivity report that revealed near record contraction in productivity as well as unit labour costs, leaving a hollow ring to Chair Powell‚Äôs beliefs that the Fed can tame inflation and that the economy can achieve a ‚Äúsoftish‚ÄĚ landing with a ‚Äúsignificant chance‚ÄĚ of avoiding a ‚Äúsignificant slowdown, or a big jump in unemployment.‚ÄĚ

RBA flags further tightening ahead. The RBA said in its quarterly monetary policy report that it will need to raise interest rates further, against the background of tightening labour markets that risk triggering a wage price spiral.
 
  • USDIndex¬†at a 5th winning week ‚Äď breached¬†103.95.¬†Currently at 103.84 ahead of US jobs report that is likely to back the case for aggressive monetary policy tightening.
  • Equities¬†‚Äď was crushed by the revived hawkish outlook and the pop in yields. The¬†USA100¬†dove over¬†-5%¬†but finished with a -4.99% decline. The¬†USA500¬†tumbled¬†-3.56%, with the¬†USA30¬†-3.12%¬†lower.
  • Yields¬†10-year up 17 bps to¬†3.105%, with the 2-year up 10 bps to¬†2.738%.
  • Oil climbed to 111.36 high,¬†after the Biden administration outlined a plan to refill oil reserves (SPR). But it has dropped right back down to 109.34. Reportedly, the Department of Energy will put out a tender for 60 mln barrels in the fall, according to an unnamed source. But the purchases will be at some time in the future, which saw the price fall back. Having the government an assured buyer should provide some support. Meanwhile, the looming EU ban on Russian oil imports and the less hawkish than feared FOMC result have helped calm fears. There were no surprises from OPEC which stuck to its plan for a modest hike in output.
  • Gold¬†drifted back to¬†1866¬†as the USD and Treasury yields rallied.
  • Bitcoin¬†tumbled 8% overnight, hitting at¬†35,278.
  • FX markets¬†‚ÄstEURUSD¬†at¬†1.0508, USDJPY¬†holds above the¬†130.50, Cable¬†down to¬†1.2333.¬†AUD¬†turns below¬†0.7100.
2022-05-06_09-49-50.jpg

Biggest FX Mover @ (06:30 GMT) GBPCHF (-0.73%) declined in the EU open at 1.2157, with next support to 1.2114. MAs & Stochastics bearishly crossed, and RSI is at 36 sloping lower. H1 ATR 0.00169, Daily ATR 0.01081.

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
HF Markets

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.
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

‚§īÔłŹ-Paid Ad ūüĒ• Advertise here.ūüĒ•

√ó
√ó
  • Create New...