Jump to content

‚§īÔłŹ-Paid Ad- TGF verify and approve but does NOT endorse the products advertised. ūüĒ• Advertise here.ūüĒ•

  • We've just launched a new contest with $200 total prizes. Do you have friends? Invite them on TGF and earn! Join here!. ūüĎąūüĎą

HFMarkets (hfm.com): Market analysis services.


Recommended Posts

Date : 9th May 2022.

Market Update ‚Äď May 9 ‚Äď USD dominance rips through every market on FED.


daily-market-update-696x364.png
Monday Markets Blues

Can the cause sometimes take place after the effect?
 This is what looks to be the case this week. The USD surged to 2001 and has been bought and fixed income sold on ideas that the Fed had taken a hawkish turn, with investors searching for safety. The hikes will be front-loaded with the next 50 bp hikes discounted for the next two meetings (June and July) and a strong leaning for the same in September (~66%). Yields 10-year is up 1.0 bp at 3.14%. Stock markets are broadly lower, with Japanese markets underperforming and the Nikkei down -2.5%. Tighter Covid lockdowns in Beijing and Shanghai raised pressure on its economy, while China reported faster-than-expected growth in exports for April, while imports were flat.

Meanwhile in the market, speculation that President Putin might declare war on Ukraine in order to call up reserves during his speech at ‚ÄúVictory Day‚ÄĚ celebrations could further hurt market sentiment.

The week ahead is important because it may show the first signs that peak inflation is at hand.
 
  • USDIndex¬†above¬†104.10.
  • Equities¬†‚ÄstNikkei¬†down¬†-2.5%.¬†The¬†ASX¬†closed with a loss of¬†-1.2%, the CSI is currently down -1.4%, while Hong Kong was closed today.¬†USA500¬†led the way with a drop of 1.1%, while¬†USA100¬†shed 1.0%.
  • Yields¬†10-year¬†is up 1.0 bp at¬†3.14%,¬†Australia‚Äôs long yield also continued to climb and the German 10-year rate is up 0.4 bp at¬†1.13%¬†this morning.
  • Oil¬†back to¬†109,¬†after EU and G7 mull Russian oil imports while Saudi Arabia cut prices for buyers in Asia as China‚Äôs lockdowns weigh on demand in the region.
  • Gold¬†drifted back to¬†1869¬†as it looks less attractive from the safety of USD, while elevated yields further weighed on prices.
  • Bitcoin¬†hammered! Gapped down to33,228.¬†The start of a sharp technical fall ?
  • FX markets¬†‚ÄstEURUSD¬†is just over the¬†1.05¬†mark, AUD and NZD also struggled against the largely stronger USD.¬†USDJPY¬†climbed above the¬†131¬†mark and¬†Cable¬†is at a near 2-year low at currently¬†1.2259.
2022-05-09_10-25-25.jpg

Biggest FX Mover @ (06:30 GMT) USOIL (-2.17%) drifted to S1 at 108.15 in the EU open. MAs & Stochastics bearishly crossed, and RSI is at 41 sloping lower. H1 ATR 0.91, Daily ATR 4.43.

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
HFMarkets

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

Date : 10th May 2022.

Market Update ‚Äď May 10 ‚Äď Stocks Stabilize After Huge Risk-Off Monday.


daily-market-update-696x364.png
USD cools from recent highs, Stocks stall their decline after Monday rout (NASDAQ -4.29%), Yields hold at highs with 10-yr over 3.00%. Gold and Oil both slumped as risk-off rattled markets CB tightening and rising inflation fears continuing to spook sentiment. Asian markets weaker (Nikkei -1.00%) and European Futures all weaker.

2022-05-10_09-26-57.png 2022-05-10_09-28-01.png
 
  • USDIndex¬†tested new at highs at¬†104.20¬†yesterday back to 103.60 now.
  • Equities¬†‚ÄstUSA500¬†-132 (-3.20%) at 3991, first close below 4k since March 2021. US500FUTS at¬†4022¬†now.
  • Yields¬†moved higher, 10-yr closed at¬†3.079%,¬†holding key¬†3.00%¬†level. Trades at 3.054% now
  • Oil & Gold¬†both had weak & volatile session ‚ÄstUSOil¬†tested down to¬†$100.00¬†before reversing to¬†$102.20¬†now from opening trades over¬†$109.00.¬†Gold¬†slumped from¬†$1885¬†zone to¬†$1850¬†yesterday and struggles at¬†$1860¬†now.
  • Bitcoin¬†crashed through¬†$30K¬†struggling with $32K now.
  • FX markets¬†‚ÄstEURUSD¬†up from 1.0500 to¬†1.0560, USDJPY¬†holds over¬†130.00,¬†at¬†130.40 and Cable¬†continues to struggle ‚Äst1.2260¬†lows were tested yesterday, back to¬†1.2325.
Overnight Fed’s Kashkari : Reiterates confidence that inflation will return to Fed’s 2.0% target & Fed’s Bostic: 50 bps hike was an aggressive move, Fed can stay at that pace, 75 bps rate hike is low probability.

Today ‚Äď German ZEW,¬†Speeches from Fed‚Äôs Williams, Waller, Bostic, Barkin, Kashkari, Mester, ECB‚Äôs de Guindos & BoE‚Äôs Saunders, Earnings from Bayer, Porsche, Norwegian Cruise Line & Warner Music.

2022-05-10_09-50-45.png

Biggest FX Mover @ (06:30 GMT) AUDJPY (+0.35%) Rallied from lows at 89.70 to over 91.20 highs (resistance) today. MAs aligning higher, MACD signal line & histogram moving higher but remain weak, RSI 44, but rising, H1 ATR 0.33, Daily ATR 1.60.

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
HFMarkets

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

Date : 11th May 2022.

Market Update ‚Äď May 11 ‚Äď All About the Inflation Outlook.


daily-market-update-696x364.png

USD¬†holds at highs and on standby for¬†US CPI¬†later,¬†Stocks¬†stalled their recent declines,¬†Yields¬†cool a tad as talk of Treasury rout also cools with 10-yr back under¬†3.00%.¬†Oil¬†paused its 9% slump on EU Oil ban and OPEC talk of capacity issues.¬†Gold¬†under $1850. Asian shares off 2-year lows (Nikkei¬†+0.18%). Chinese Inflation hotter than expected, Biden supports FED actions, more Fed members talk rate hikes, NZ housing market shows signs of cooling. US House of Representatives approves $400bn support package for Ukraine as US intelligence chief talks of Putin preparing for ‚Äúlong war‚ÄĚ.
 
  • USDIndex¬†remains under¬†104.00¬†but holds its bid trading at 103.75 now.
  • Equities¬†‚ÄstUSA500¬†+9.81 (0.25%) at 4001.05, US500FUTS at¬†4015¬†now.¬†Peloton¬†-8.7% @ $12.70 (ATH was $171),¬†COIN¬†-12.6%,¬†TSLA¬†+1.64%,¬†TWTR¬†-1.64% (Musk¬†would allow¬†TRUMP¬†back).¬†APPLE¬†(+1.61%) retired the iPod after 21 years.
  • Yields¬†cooled -10-yr closed at¬†2.993%,¬†below key¬†3.00%¬†level. Trades down over 1.5% today at¬†2.98%.
  • Oil & Gold¬†both had weak & volatile sessions ‚ÄstUSOil¬†tested down to¬†$98.00¬†before reversing to¬†$102.20¬†Gold¬†slumped from¬†$1865¬†to¬†$1830¬†earlier and struggles at¬†$1845¬†now. No safe-haven bid.
  • Bitcoin¬†languishes at¬†$31K¬†now, over 50% down from ATH and -35% YTD
  • FX markets¬†‚ÄstEURUSD¬†up from 1.0500 to¬†1.0545, USDJPY¬†holds over¬†130.00,¬†at¬†130.25¬†and¬†Cable¬†continues to struggle at¬†1.2335. AUD¬†outperformed in Asia.
Overnight ‚ÄstCHINA CPI & PPI hotter than expected, (2.1%¬†vs 1.5% &¬†8.0%¬†vs 7.8%) respectively. JPY leading Indicators better than expected & German M/M CPI in-line at¬†0.8%.¬†ECB‚Äôs M√ľller: Appropriate to raise rates into positive territory by year-end. Fed‚Äôs Waller & Mester more hawkish. (Mester talked of going beyond neutral)

Today ‚Äď US CPI, Speeches from Fed‚Äôs Bostic, ECB‚Äôs¬†Lagarde, Schnabel, Elderson, de Cos, Centeno, Vasle & Muller.¬†Earnings¬†from Ubisoft, Siemens Energy, Poste Italiane, E.ON, Continental, ITV, Compass & Beyond Meat.

2022-05-11_09-49-44.png

Biggest FX Mover @ (06:30 GMT) AUDUSD (+0.42%) Rallied from lows at 0.6910 yesterday to 0.6970 now, next resistance 0.6980 and 0.7000 today. MAs aligning higher, MACD signal line & histogram moving higher & testing 0 line, RSI 56 & rising, H1 ATR 0.0016, Daily ATR 0.011.

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
HFMarkets

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

Date : 12th May 2022.

Market Update ‚Äď May 12 ‚Äď Tech Trounced as Inflation Possibly Peaks.


eu_update_pic_nov18-1-696x391.jpg
USD¬†rallies to new highs following much volatility after¬†US CPI data¬†for April was lower than March but higher than expected, rekindling concern that aggressive central bank action will weigh on growth.¬†Stocks¬†sharply into the red,¬†Yields¬†spiked sharply higher as talk of Treasury rout also cools with 10-yr back under¬†3.00%.¬†Oil¬†jumped after Russia sanctioned 31 companies & on recession fears.¬†Gold¬†slightly up, but holds below¬†$1860. Bitcoin¬†tumbled to new 16-month low.¬†UK economy shrinks¬†in March, grows 0.8% in Q1. Nomura estimated this week that 41 Chinese cities are in full or partial lockdowns, making up 30% of the country‚Äôs GDP.¬†Reuters:¬†‚ÄúProperty developer Sunac China missed a bond interest payment and will miss more as China‚Äôs real estate sector remains in the grip of a credit crunch.‚Ä̬†New Zealand¬†inflation survey steady.
 
  • USDIndex¬†spiked to¬†104.20¬†& holds its bid trading at¬†104¬†now.
  • Equities¬†‚ÄstUSA500¬†slid below the¬†4000¬†level before bouncing back, into the green with the¬†USA30.¬†But all of the indexes crashed into the close, paced by the¬†USA100‚Äôs -3.18%¬†plunge.¬†Nikkei¬†dropped¬†1.8%, the¬†ASX¬†also¬†-1.8%.
  • Yields¬†had jumped to 2.839% and 3.07%, respectively, in the immediate aftermath of the data. 10-year rate closed 6.5 bps lower at¬†2.920%,¬†with the 2-year up 3 bps to¬†2.64%.
  • Oil breached¬†$106.23¬†before reversing to¬†$103.46¬†(PP of the day).
  • Bitcoin¬†fire-sale of risky assets as rate hikes gather steam, fell 7% to¬†$26,673.
  • FX markets¬†‚ÄstEURUSD¬†down to¬†1.0489, USDJPY¬†drifted further on EU open to¬†129.25, &¬†Cable¬†retests¬†1.2210. AUD¬†&¬†NZD¬†at 2 year lows.
Today ‚Äď US PPI & Initial Claims, Speeches from BOC Gravelle.

Capture.png

Biggest FX Mover @ (06:30 GMT) ETHUSD (-12.47%) Down to June 2021 low, at 1787. MAs aligning lower, MACD signal line & histogram extend lower, RSI 27 OS, H1 ATR 90.59, Daily ATR 236.65.

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
HFMarkets

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

Date : 13th May 2022.

Market Update ‚Äď May 13 ‚Äď USD dominates, Stocks lick their wounds.


daily-market-update-696x364.png

USD¬†holds at highs following¬†hot CPI & PPI¬†data but with signs the peak may have been reached.¬†Stocks¬†stalled their recent declines, closing flat in the US and bouncing in Asian markets (Nikkei¬†+2.6%),¬†Yields¬†climbed as risk appetite improved,¬†Fed Chair Powell¬†still flagged half-percentage point interest rate increases at the next two policy meetings, adding that the Fed is¬†‚Äúprepared to do more!‚Ä̬†and that stable prices are the¬†‚Äúbedrock‚Ä̬†of the economy but it will cause¬†‚Äúsome pain‚ÄĚ. Oil¬†continued to rally on supply concerns whilst¬†Gold¬†dipped to within $10 of¬†$1800.¬†Kuroda¬†maintains dovish guidance even as Inflation moves higher,¬†Russia¬†threatens ‚Äútechnical retaliation‚ÄĚ as¬†Finland¬†seeks¬†NATO¬†membership,¬†Sweden¬†to follow?¬†Putin¬†‚Äúhumiliating himself on the world stage‚ÄĚ ‚Äď UK Foreign Sec.¬†Truss.
 
  • USDIndex¬†rallied to within 5 ticks of¬†105.00¬†and remains at 20-year highs at¬†104.75¬†up from 103.60 last Friday.
  • Equities¬†‚ÄstUSA500¬†-5.10 (0.25%) at 3930, US500FUTS at¬†3955¬†now.¬†COIN¬†+8.9%,¬†TSLA¬†-0.82%, (Musk¬†would not back¬†TRUMP¬†in 2024).¬†APPLE¬†-2.69%, GM -4.59%.
  • Yields¬†rallied, 10-yr closed at¬†2.817%,¬†significantly below key¬†3.00%¬†level. Trades up at¬†2.89%
  • Oil & Gold¬†both had weak & volatile sessions ‚ÄstUSOil¬†rallied to test¬†$108.00¬†earlier today from¬†$98.00¬†on Wednesday.¬†Gold¬†slump continued with a test of¬†$1810¬†on open today from highs this week at¬†$1885,¬†struggles at¬†$1822¬†now. No safe-haven bid.
  • Bitcoin¬†languishes at¬†$30K¬†now, but up from¬†$26.5k.¬†6th consecutive week lower.
  • FX markets¬†‚ÄstEURUSD¬†up from¬†1.0355¬†to¬†1.0400, parity¬†calls rising.¬†USDJPY¬†dived from¬†130.00,¬†to¬†127.50¬†yesterday now back to¬†128.70¬†and¬†Cable¬†continues to struggle at¬†1.2335. AUD¬†again outperformed in Asia.
Overnight ‚ÄstJPY Money Supply better than expected & French M/M CPI in-line at¬†0.4%.

Today ‚Äst
US Export/Imports Prices, UoM (Prelim.) data, Speeches from ECB’s Schnabel, de Guindos & Fed’s Kashkari.

2022-05-13_09-54-46.png

Biggest FX Mover @ (06:30 GMT) AUDJPY (+0.74%) Rallied from lows at 87.30 yesterday as risk appetite raised it’s head to 89.00 ( and next resistance) earlier. Now back to 88.55. MAs aligning higher, MACD signal line & histogram moving higher & testing 0 line, RSI 48 & rising, H1 ATR 0.346, Daily ATR 1.67.

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
HF Market Analyst
HFMarkets

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

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.

The following limits are in place
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

‚§īÔłŹ-Paid Ad- TGF verify and approve but does NOT endorse the products advertised. ūüĒ• Advertise here.ūüĒ•

√ó
√ó
  • Create New...