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Market Analysis And News by Hotforex.com


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Date : 17th January 2022.

Market Update ‚Äď January 17 ‚Äď USD Holds onto gains.


daily-market-update-696x364.png
Big bank Earnings disappointed on Friday, the USD recovered from 8-week lows and Fedspeakers continued to worry about inflation as hawkish tones increased. Stocks recovered early losses, Yields moved up to close the week as Oil moved up and Gold moved down. China’s PBOC delivered the first rate cut in a while as signs of slow down persist and Covid cases once again spread.
 

  • USD (USDIndex¬†95.20) holds on to gains from Friday. Bouncing from 8-week lows under¬†94.60.
  • US Yields¬†10-yr moved higher again to close at¬†1.772%.
  • Equities¬†‚ÄstUSA500¬†+3.82 (+0.08%) at¬†4662¬†as Financials weighed following Earnings from JPM (-6.15%) Blackrock (-2.19%) and WFC (+3.68) Tech & Energies lead recovery into long weekend.¬†USA500¬†FUTS lower at¬†4652.
  • USOil¬†‚Äď Spiked over¬†$84.00¬†as markets look beyond Covid spikes with very tight supply.
  • Gold¬†‚Äď settled at¬†$1816¬†from a test of 1830 again. Now at¬†$1822.
  • Bitcoin¬†support once again at¬†$42,000,¬†Friday, back to 42,800 now.
  • FX markets¬†‚ÄstEURUSD¬†back to¬†1.1465,¬†USDJPY¬†now¬†114.40¬†at 115.85,¬†Cable¬†back to¬†1.33680.

Overnight ‚Äď Chinese¬†GDP¬†and¬†industrial production¬†exceeded expectations, whilst¬†retail¬†sales disappointed.¬†UK house price¬†data from the Nationwide was strong. The Chairman of¬†Credit Suisse¬†has resigned due to Covid breaches.

Week Ahead A Bank of Japan meeting which concludes on Tuesday, UK inflation data on Wednesday and Australian jobs figures on Thursday. Earnings from GS, BAC, MS, P&G, Netflix

European Open¬†‚Äď The March 10-year Bund future is down -36 ticks, alongside broad losses in US futures, which points to a further rise in yields across Europe. Stock market futures are trading mixed, with¬†DAX and FTSE 100¬†futures posting gains of¬†0.4% and 0.2%¬†respectively, while an 0.4% decline in the NASDAQ is leading US futures lower. Central bank outlooks and inflation expectations remain in focus, the Fed is gearing up for a round of central bank hikes this year that will also impact the outlook for BoE and ECB amid hopes that the pandemic phase of Covid-19 will start to fade.

Today¬†‚Äď Little data from Europe &¬†All¬†US¬†markets closed for MLK Day.

2022-01-17_09-50-41.jpg



Biggest FX Mover @ (07:30 GMT) CADJPY (+0.34%) Rallied from 90.50 lows on Friday to 91.37 (Fridays high) now. MAs aligned higher, MACD signal line & histogram higher & above 0 line. RSI 64 & rising, H1 ATR 0.121 Daily ATR 0.794.

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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Date : 18th January 2022.

Market Update ‚Äď January 18 ‚Äď BOJ Stands Pat.


daily-market-update-696x364.png
Asian markets weaker as¬†BOJ stays put¬†(-0.1% interest rate) with stimulus package intact, raises inflation target to 1.1% and growth to 3.8% for 2022.¬†Kuroda:¬†‚ÄúWill ease monetary policy without hesitation as needed, there has been a notable improvement in the economy.‚Ä̬†USD¬†firmer,¬†Yields¬†moved up with US 2-yr over key 1.0%, 10-yr over 1.8%.¬†Oil¬†higher ‚Äď Saudi‚Äôs retaliate, attacking Yemen and¬†Gold¬†holds at $1815.
 

  • USD (USDIndex¬†95.25) holds on to gains from Friday, pushing to 953.8 earlier.
  • US Yields¬†10-yr moved higher again and trades at¬†1.818%.
  • Equities¬†‚Äď US closed yesterday. Nikkei -0.27% ‚ÄstUSA500¬†FUTS lower again at¬†4633.
  • USOil¬†‚Äď Spiked over¬†$84.70¬†as very tight supply, Saudi‚Äôs retaliation on Sanaa and NK continued firing of missiles unsettles sentiment.
  • Gold¬†‚Äď holds at¬†$1815¬†from a test of¬†$1823.
  • Bitcoin¬†another down day, tested to¬†$41,600, back to 42,200 now.
  • FX markets¬†‚ÄstEURUSD¬†back to¬†1.1400,¬†USDJPY¬†now¬†114.80¬†tested 115.00 earlier,¬†Cable¬†back to test 200hr MA¬†1.3620,¬†+20 pips after UK jobs data.

Overnight¬†‚Äď UK Earnings¬†in line at 4.2%,¬†Unemployment¬†(4.1%) and¬†Claims¬†better than expected.¬†PBOC¬†deputy governor says will keep yuan exchange rate basically stable.

European Open¬†‚Äď The March 10-year Bund future is down -19 ticks, Treasury futures are underperforming. Stocks across Asia struggled with the renewed rise in yields and¬†DAX and FTSE 100 futures are also down -0.3% and -0.2%¬†respectively. Inflation risks and central bank outlook will be dominating the discussion in coming months.

Today¬†‚Äď German ZEW, Empire State Manu. Index &¬†Earnings from¬†Goldman Sachs.¬†Day 2 of¬†DAVOS¬†(on-line).

2022-01-18_09-51-21.jpg



Biggest FX Mover @ (07:30 GMT) CADJPY (again) (+0.34% again) Rallied all day over 91.73 (Thursdays high) and onto test 92.00. MAs aligned higher, MACD signal line & histogram higher & above 0 line. RSI 68 rising, H1 ATR 0.131 Daily ATR 0.804.

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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Date : 19th January 2022.

Market Update ‚Äď January 19 ‚Äď Stocks tank, Yields higher, Inflation weighs.


daily-market-update-696x364.png
Stock markets sank (Nasdaq -2.6% as the VIX pushed higher +5.22%). Financials and Pharma companies led the slide,¬†USD¬†firmer supported by high¬†Yields ‚Ästthe main market driver. US 10-yr 1.85%, German 10-yr to May 2019 highs as Inflation in UK & Germany hits 30-year highs.¬†Oil¬†higher again,¬†Gold¬†continues to gyrate. Pressure on UK PM grows.
 
  • USD (USDIndex¬†95.65) holds on to gains.
  • US Yields¬†10-yr moved higher ‚Äď closed at¬†1.865%¬†& trades at¬†1.883%.
  • Equities¬†‚Äď USA500 -85 (-1.84%)¬†4577¬†(GS -6.97%, BAC -3.44%, FB -4.0%, SONY -7.0%. Nikkei -0.27% ‚ÄstUSA500¬†FUTS lower again at¬†4539.
  • USOil¬†‚Äď Spiked over¬†$87.00¬†as very tight supply, Saudi‚Äôs retaliation on Sanaa and NK continued firing of missiles continues to unsettle sentiment.
  • Gold¬†‚Äď holds at¬†$1812¬†from a test of¬†$1820¬†& spike to¬†$1806.
  • Bitcoin¬†tested to¬†$42,400, back to 41,200 now.
  • FX markets¬†‚ÄstEURUSD¬†back to¬†1.1336,¬†USDJPY¬†now¬†114.40¬†tested 115.00 yesterday,¬†Cable¬†back to¬†1.3600,¬†from 1.3570 lows yesterday.


Overnight¬†‚Äď UK CPI ‚Äst2 ticks higher at¬†5.4%¬†vs 5.2% CORE 3 ticks higher at 4.2%,¬†RPI¬†up to¬†7.5%¬†from 7.1% & new 30-year highs.¬†German CPI¬†in line at¬†5.3%¬†and¬†HICP¬†at¬†5.7%.

European Open
¬†‚Äď The 10-year Bund yield has lifted 2.4 bp to 0.002% in early trade with high readings for German and U.K. December CPI adding to pressure. Global equity markets are struggling with the sharp rise in yields and intensifying tightening expectations, leaving¬†DAX and FTSE 100 futures down -0.8% and -0.6%¬†respectively. The Euro Stoxx 50 has lost -0.7% so far and a -0.8% correction in the NASDAQ is leading US futures lower. Pretty much the same picture as yesterday, with markets at risk of running way with tightening concerns, and central banks increasingly under pressure.

Today¬†‚Äď Canadian CPI, IEA OMR, US Building Permits, Housing Starts, supply from Germany & the US.¬†Earnings¬†from Bank of America, MS, UnitedHealth. DAVOS continues.

2022-01-19_09-57-12.jpg

Biggest FX Mover @ (07:30 GMT) NZDCAD (+0.35%) Rallied from 3-day decline to 0.8455 to 0.8495 now. MAs aligned higher, MACD signal line & histogram higher & testing 0 line. RSI 56 & rising, H1 ATR 0.0011 Daily ATR 0.0056.

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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Date : 20th January 2022.

Market Update ‚Äď January 20 ‚Äď Equities weaker, Gold rallies, Yields cool.

 
daily-market-update-696x364.png

Stock markets sank again (Nasdaq -1.15%) Financials and Tech companies led the slide,¬†USD¬†slipped as¬†Yields ‚Äď slide from highs, Oil¬†higher again,¬†Gold¬†was asset of the day charged higher to $1842, supported by further hot Inflation data from Germany, UK and Canada and strong housing data from the US. China cut its mortgage rate lifting Asian markets (Nikkei +1.11%). Lagarde: ECB has reasons NOT to act as quickly as the FED. Biden increased the rhetoric over Russia & Ukraine predicting Russia would ‚Äúmake a move‚ÄĚ. Johnson holds on in UK, for now.
 
  • USD (USDIndex¬†95.42) slips as Yields decline .
  • US Yields¬†10-yr moved higher to spike at¬†1.90%¬†& trades at¬†1.85%.
  • Equities¬†‚Äď USA500 -44 (-0.97%)¬†4532¬†‚ÄstUSA500¬†FUTS holds up at¬†4544.
  • USOil¬†‚Äď Spiked to¬†$87.97¬†and subsequently collapsed to¬†84.00¬†after Biden comments and ahead of inventories today.
  • Gold¬†‚Äď charged to¬†$1843¬†and holds¬†$1838¬†now after inflation news and & Biden comments. A hold of 1830 is key.
  • Bitcoin¬†back to test¬†$42,400,
  • FX markets¬†‚ÄstEURUSD¬†back to¬†1.1360,¬†USDJPY¬†now¬†114.40 & Cable¬†back to¬†1.3625.
Overnight¬†‚Äď AUD JOBS¬†better than expected, Unemployment 4.2% vs 4.6%, GERMAN PPI rocketed to 5.0% form 0.8%.

European Open¬†‚Äď The March 10-year Bund future is up 5 ticks at 169.33, outperforming slightly versus US futures. The yield is up from the lows seen during the Asian part of the session though and especially for the short end, the trend higher will likely continue. The long end meanwhile should actually benefit from tightening steps as inflation continues to spike.¬†DAX and FTSE 100 futures area posting gains of 0.4% and 0.6% respectively¬†at the moment, and a 0.8% rise in the NASDAQ is leading US futures higher.

Today¬†‚Äď Norges Bank & CBRT rate decisions, EZ CPI (final),¬†ECB Minutes, US Claims, Philly Fed, Existing Home Sales.¬†Earnings¬†from American Airlines and¬†Netflix.

 
2022-01-20_10-24-34.jpg

Biggest FX Mover @ (07:30 GMT) AUDNZD (+0.51%) Rallied from 1.0600 yesterday to breach 1.0700 earlier, although cooling now. MAs still aligned higher, MACD signal line & histogram higher. RSI 63 but cooling, H1 ATR 0.0014 Daily ATR 0.0053.

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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Date : 21st January 2022.

Market Update ‚Äď January 21 ‚Äď Stocks Sink ‚Äď Netflix & Peloton Crash.


daily-market-update-696x364.png
Stock markets sank again (Nasdaq -1.3%) Tech companies led the slide, (Peloton -24%, Netflix -18% post results. USD firmed as Yields & Oil dipped, Gold held onto to gains. Markets are nervous and risk aversion has picked up as investors eye shaky earnings, and waning confidence, with mounting tensions over Ukraine adding to geopolitical tensions. US Weekly claims hit a 3-mth high, EZ Inflation was an ATH and North Korea said it may resume testing its nuclear arsenal. Asian markets and AUD & NZD lower (AUDJPY -0.62%) ASX 200 (-1.2%), Nikkei 225 (-1.8%).
 
  • USD (USDIndex¬†95.65) ticks higher slips as Yields decline .
  • US Yields¬†10-yr moved closed at¬†1.83%¬†& trades at¬†1.785%.
  • Equities¬†‚Äď USA500 -50 (-1.1%)¬†4482¬†‚ÄstUSA500¬†FUTS lower again at¬†4467.
  • USOil¬†‚Äď Fell below¬†$82.00¬†afrom highs at¬†87.95¬†on Wednesday, Inventories increased by 0.5m vs 2.3m drawdown.
  • Gold¬†‚Äď held on to gains topped at¬†$1848¬†and holds¬†$1838¬†now, holding the key 1830 support.
  • Bitcoin¬†under¬†$40,000¬†back to test¬†$39,000,
  • FX markets¬†‚ÄstEURUSD¬†back to test 1.1300 ‚Äst1.1322,¬†USDJPY¬†now¬†113.80¬†&¬†Cable¬†back to¬†1.3570,¬†the week‚Äôs low.

Overnight¬†‚Äď UK Retail Sales¬†plunged¬†-3.7%,¬†Consumer confidence¬†slipped 4 whole points to¬†-19¬†and¬†Japanese core inflation¬†was inline at¬†0.5%.

European Open¬†‚Äď The 10 US Treasury yield is up from overnight lows, Bunds are also finding buyers in opening trade, and the 10-year continues to shy away from turning positive, as ECB officials continue to push back against speculation of an early rate hike at the end of the year and market sentiment generally turns cautious.¬†DAX and FTSE 100¬†future are posting¬†losses of -1.4% and -1.1%¬†respectively.

Today¬†‚Äď EZ Consumer Confidence, BoE‚Äôs Mann; ECB‚Äôs¬†Lagarde, BoJ‚Äôs¬†Kuroda

2022-01-21_09-41-18.jpg

Biggest FX Mover @ (07:30 GMT) EURNZD (+0.66%) Rallied from 1.6675 yesterday to breach 1.6800 now. MAs aligned higher, MACD signal line & histogram higher. RSI 73 OB but still rising, H1 ATR 0.0026 Daily ATR 0.0100.

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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Date : 24th January 2022.

Market Update ‚Äď January 24 ‚Äď Markets on toes on Fed and Ukraine jitters.


NASDAQ_USA100_STOCK-2-696x340.png
It was all about risk aversion and a flight to safety in the markets to end the week. Concerns over Ukraine-Russia tensions added to the bearish backdrop as the hawkish turn the FOMC and other central banks, along with the worries over inflation, as well as earnings as the impacts surging expenses on the bottom line take their toll.Meanwhile, the PBoC is going the other was as it looks to shore up its slumping economy. China’s central bank just cut its 14-day reverse repo rate and added more stimulus after cutting the 7-day rae last Monday, along with the reduction in the 1-year medium term loan rate. This is providing some support to Chinese stocks and that could underpin some follow-through dip buying into Western equity markets

Additionally, many of the high flying pandemic companies are crumbling, led by the weakness in Netflix and Peloton. The 10-year Treasury rate is at 1.76%, the German Bund rate at -0.065%, both slightly lower. USD firmed Gold held onto to gains.
 
  • Preliminary PMI readings for¬†Japan¬†showed struggling services sector, but ongoing improvement in manufacturing, which left the composite in contraction territory for the first time since September 2021.
  • Australia‚Äôs¬†composite plunged to 45.3 from 54.9.
  • China‚Äôs PBOC provided¬†14-day funds at a 10 bp lower rate, which was no surprise after last week‚Äôs slew of rate cuts as the country battles Covid-19 and troubles in the property sector.
  • USD (USDIndex¬†95.75) ticks higher .
  • Equities¬†‚Äď USA500 dis¬†4419¬†‚ÄstUSA500¬†and¬†USA100¬†posted their biggest weekly drop since March 2020 last week.
  • USOil¬†‚Äď rebounce to¬†$85.00¬†but holds below it.
  • Gold¬†‚Äď held on to gains topped at¬†$1841¬†and holds at 7-week rally.
  • Bitcoin¬†under¬†$35,000 handle¬†‚Äď its lowest since July 2021.
  • FX markets¬†‚ÄstEURUSD¬†back to test¬†1.1300¬†‚Äst1.1326,¬†USDJPY¬†now¬†113.60¬†(The Japanese yen tends to benefit from safe haven flows as stocks crumble) &¬†Cable¬†eased to¬†1.3550,¬†below 20-DMA.

European Open¬†‚ÄstGER40¬†and¬†UK100¬†futures are posting slight gains, as are US futures, with tech stocks leading the way. Markets struggled overnight, but while European PMI readings this morning are likely to look similarly weak than data out of Japan and Australia overnight, in the current situation that also backs hopes of a cautious stance at central banks, as the FOMC announcement on Wednesday comes into view.

Today¬†‚Äď Today‚Äôs local calendar focuses on preliminary PMI readings for Eurozone and U.K., which are expected to reflect the impact of virus measures on the services industry, especially in the Eurozone.Today‚Äôs schedule includes earnings from IBM, Southern Copper, Halliburton, Brown & Brown, Logitech, and Steel Dynamics. The data slate is light with December Chicago Fed national activity index, along with flash January Markit manufacturing and services PMIs. The Treasury auctions $54 bln of 2-year notes.

2022-01-24_10-44-25.jpg

Biggest FX Mover @ (07:30 GMT) GBPAUD (+0.41%) Topped to 1.8927 extending Friday’s gains. Currently settled to 1.8900 barrier. MAs flattened along with RSI, but MACD signal line & histogram hold higher, while Stochastic points lower. H1 ATR 0.0024 Daily ATR 0.0111.

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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Date : 25th January 2022.

Market update ‚Äď January 25.


bullvsbears-696x392.jpg
A flight out of equities and into the safety of bonds was the opening theme yesterday ‚Äď Could we see this repeated?

US futures are under pressure once again, alongside a broad sell off across Asian equity markets. Tensions over the Ukraine, virus developments in China and the prospect of reduced central bank support all continued to weigh on sentiment overnight. The rise in Omicron cases ahead of the Lunar New Year holidays and of course the Olympic Games is adding to nervousness over slowing growth.
 
  • Australia‚Äôs inflation¬†rate came in higher than expected, which added to growing conviction that the¬†RBA¬†will end its quantitative easing program at the February 1 meeting.
  • Singapore¬†surprised with a move to tighten policy outside of a scheduled review
  • USD (USDIndex¬†95.90) saw a pullback after breaching 96.11.
  • Treasury rates dove lower with a strongly bid 2-year sale extending the slide. The just auctioned 2-year rate dropped 7 bps to hit 0.970%.
  • Equities¬†‚ÄstHang Seng¬†and¬†CEI 200¬†expected to drop more than¬†-1.8%¬†today. The¬†Nikkei¬†closed with a loss of¬†-1.7%,¬†the¬†ASX¬†plunged¬†-2.5%¬†after the hot inflation report. Yesterday,¬†USA100¬†crashed¬†-4.9%, with the broader indexes over -3% lower before hitting bottom and paring losses. But a late buy the dip rally saw the¬†USA100¬†rally¬†0.63%, with the¬†USA500¬†and¬†USA30¬†up 0.29%.
  • USOil¬†‚Äď back to¬†$82.00¬†territory, ‚Äď recovering some of yesterday‚Äôs losses, as growing tension in Eastern Europe and the Middle East fuelled concerns over possible supply disruptions. Lower US oil inventories are also providing support.
  • Gold¬†‚Äď held on to gains at¬†$1841¬†as investors sought safety.
  • Bitcoin¬†steadied to¬†$35,000 handle.
  • FX markets¬†‚Äď The Yen was supported as risk aversion picked up and¬†USDJPY¬†dropped to 113.66.¬†EURUSD¬†at¬†1.1306¬†&¬†Cable¬†below¬†1.3500.

European Open¬†‚Äď European stock futures are signalling a bounce back from yesterday‚Äôs sell off, with the GER40 and UK100 currently posting gains of 1.1% and 0.8% respectively. EGB yields are set to rise today, as stock markets bounce back from yesterday‚Äôs sell off. The German 10-year Bund yield is up 1.4 bp at -0.097% in early trade, the French 10-year up 1.3 bp, both underperforming versus Treasuries, which have moved higher overnight, as Asian stock markets sold off.

Today¬†‚Äď The FOMC meeting starts today, with an announcement due tomorrow, ahead of the ECB and BoE meetings in February. Geopolitical risks will remain in focus today, while the data calendar highlights are the German Ifo readings and the UK CBI manufacturing survey.

2022-01-25_10-45-50.jpg

Biggest FX Mover @ (07:30 GMT) Cocoa (-3.22%) Huge dive to 2488 from 2684 highs seen last week, breaking all daily SMAs (20-, 50-, 200-day). Fast MAs aligned lower intraday with all momentum indicators pointing further lower.

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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Date : 26th January 2022.

Market update ‚Äď January 26 ‚Äď Central Banks Eyed.


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It was a wild Tuesday in the lead up to today’s FOMC decision. Both bonds and stocks closed lower as the Fed is widely expected to outline a rate hike strategy with a 25 bp liftoff in March. Exaggerated fears of a 50 bp move and perhaps a string of 4 to 5 hikes this year have dissipated, though we suspect the markets are still positioned too bearishly. We expect the policy statement and Fed Chair Powell’s press conference to be less hawkish than anticipated, hence setting the markets up for a bit of a relief rally.

So far today,¬†Bonds have struggled, stocks hit the skids again in the US session but eased in the Asia session, and FX markets have remained in a narrow range as markets wait for the FOMC and BoC. Australia was on holiday, which made for somewhat lower volumes, but it was mainly the upcoming FOMC announcement that put a lid on markets.¬†Ukraine tensions and speculation over gas supplies to Europe¬†in case of an escalation of tensions with Russia are weighing on sentiment. UK PM Boris Johnson now has to answer the police over ‚Äúpartygate‚ÄĚ, with calls for him to resign getting louder.
 
  • USD (USDIndex¬†96) continues incline ‚Äď 3rd day above 20-DMA.
  • The¬†10-year Treasury¬†rate is up 0.4 bp at¬†1.773%. The¬†10-year JGB¬†rate is also slightly higher, but the 2-year paper found buyers as the¬†BoJ summary shows commitment to loose policy. ‚ÄstThe bank‚Äôs stance focused on providing stimulus to reach the 2% inflation goal.
  • Treasury‚Äôs $55 bln 5-year auction was super strong.
  • Equities¬†‚Äď The¬†USA100‚Äôs¬†-3.18%¬†drop paced the weakness, followed by a -2.8% loss on the¬†USA500¬†and a¬†-2.3%¬†decline on the¬†USA30.¬†Today,¬†Topix¬†and¬†Nikkei¬†corrected¬†-0.25%¬†and¬†-0.44%, GER40¬†and¬†UK100¬†futures are up 0.66% and 0.84% respectively, while the¬†Euro Stoxx¬†50 is 0.7% higher.
  • Earnings: General Electric,¬†beat on earnings, but missed on revenue, which weighed heavily while¬†American Express¬†provided upside support on solid earnings led by record credit card spending.¬†Microsoft¬†beats expectations with $18.8bn profit.
  • Central banks clearly are getting nervous about the risk of second round effects, but the¬†IMF‚Äôs growth downgrades¬†yesterday also highlighted the risks from¬†slowing momentum in China and virus developments.
  • USOil¬†‚Äď up to¬†$84.60¬†‚Äď API data shows US crude stocks fall,Biden threatens sanctions on Putin over any invasion, markets await Fed update, US approves oil exchange from strategic reserve. Yemen‚Äôs Iran-aligned Houthi movement launched a missile attack on a United Arab Emirates base hosting the US military.
  • Gold¬†‚Äď down to¬†$1844 from $1854.
  • Bitcoin¬†at¬†$37,000 handle.
  • FX markets¬†‚ÄstUSDJPY¬†steady at 113.95.¬†EURUSD¬†at¬†1.1295¬†&¬†Cable¬†at¬†1.3500.

European Open¬†‚Äď Bund futures are under pressure, while US futures are moving higher, while in cash markets, the German 10-year Bund yield has lifted 0.4 bp to -0.08%. BTPs are supported though and spreads are coming in.

Today¬†‚Äď Along with today‚Äôs¬†BoC¬†and¬†FOMC¬†result, the¬†earnings calendar¬†is heavy. Today‚Äôs slate features several biggies, including¬†Tesla,¬†Abbott Labs,¬†Intel, AT&T, Boeing, Anthem, ServiceNow, ADP, Lam Research, Crown Castle, Norfolk Southern, Freeport-McMoran, Progressive, Kimberly-Clark, Amphenol, Ameriprise, Corning, Nasdaq, Hess, Teradyne, Seagate, United Rentals, Raymond James, and Teledyne. Data includes the¬†December advance goods trade¬†report

2022-01-26_09-57-20.jpg

Biggest FX Mover¬†@ (07:30 GMT)¬†CADCHF ‚ÄstBreaks 0.7300 (R1) from 0.7195 lows on Monday. Fast MAs aligned lower intraday with all momentum indicators pointing further higher.

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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Date : 3rd February 2022.

Market Update ‚Äď February 3 ‚Äď Stocks gain, FX awaits BoE & ECB.


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Stock markets closed higher after a weak start (S&P500 +0.94%) Mixed PMI data, a huge miss (-301k) for ADP & record CPI (5.1%) in Europe hung on sentiment. Asia markets struggled too. Weak earnings from Meta, Spotify and a -24% decline for PayPal. USD & Yields consolidate, Oil holds on to gains & Gold holds over $1800. Biden ordered 3000 troops to Eastern Europe.

China, Hong Kong and other markets remained closed for the Lunar (Tiger) New Year holidays.
 

  • USD (USDIndex¬†96.10) up from 95.77 low, 96.00 remains a key level
  • US Yields¬†10-yr closed at¬†1.766¬†& trades at¬†1.766%.
  • Equities¬†‚Äď USA500 +43 (+0.94%)¬†4589¬†‚Äď (PYPL¬†-24.59%,¬†GOOG¬†+7.45%)¬†USA500¬†FUTS slip¬†4538. META lost +20% after hours,
  • USOil¬†‚Äď Spiked over $88.00 on OPEC+ maintaining 400k/day output. Now¬†$86.32¬†after inventory drawdown
  • Gold¬†‚Äď topped at¬†$1810¬†back to¬†$1802¬†now.
  • Bitcoin¬†remains under¬†$40,000¬†back to test¬†$37,000
  • FX markets¬†‚ÄstEURUSD¬†up to¬†1.1295 USDJPY¬†up to¬†114.60¬†&¬†Cable¬†to¬†1.3550

Overnight¬†‚Äď Japan¬†Services PMI missed, Large rise in¬†AUD¬†Imports, & Building Approvals.

European Open¬†‚Äď The December 10-year Bund future is up 6 ticks at 168.72, slightly outperforming versus Treasury futures, as risk aversion picks up again amid disappointing reports from tech bellwethers that weighed on stock market sentiment.¬†DAX and FTSE 100¬†futures are down -0.4% and -0.3% and a -2.3% sell off in the¬†NASDAQ¬†is leading US futures lower.

European markets closed mixed though yesterday, after another record setting inflation report for the Eurozone put pressure on the ECB ahead of today’s announcement.

Final services PMIs for the Eurozone and the UK are likely to highlight that virus developments continued to weigh on the sector at the start of the year, but officials are increasingly optimistic that economies will bounce back quickly from the most recent virus variant. Against that background, the spike in inflation is starting to look worrying, especially as labour markets continue to tighten.

The BoE is widely expected to deliver another rate hike today, while the ECB could well sound more hawkish than some expect.

Today¬†‚Äď EZ, UK & US Services PMI, Weekly Initial Claims, Factory Orders & ISM Services PMI,¬†BoE¬†&¬†ECB¬†Earnings¬†Amazon, Eli Lilly, Biogen, ConocoPhillips, Penn,¬†BT, Shell, Nokia,¬†ING, Infineon.

2022-02-03_10-27-05.jpg



Biggest FX Mover @ (07:30 GMT) NZDCAD (+0.30%) Rallied from key 0.8380 to 0.8415 now. MAs aligned higher, MACD signal line & histogram rising but under 0 line, RSI 58 & rising, H1 ATR 0.0012 Daily ATR 0.0059.

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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Date : 4th February 2022.

Market Update ‚Äď February 4 ‚Äď Stocks & USD Tank, BoE & ECB Surprise.


daily-market-update-696x364.png
Stock markets crushed into close;¬†NASDAQ¬†led the fall (-3.74%) after abysmal¬†META¬†(-26.39%) earnings. More mixed¬†PMI¬†data, and Hawkish surprises from¬†BoE¬†(25bps rise but more to come as 4 of 9 members wanted 50bps) &¬†ECB¬†(dovish statement but Hawkish Lagarde press conference ‚Äď end of stimulus & rate hikes as early as September?). Asia markets higher following blockbuster¬†AMZN¬†(+15% after hours) earnings.¬†USD¬†tanked &¬†Yields & Oil¬†rallied &¬†Gold¬†holds over $1800.¬†Biden: Russia plotting fake invasion pretext, US kills head of ISIS.¬†Johnson: 4 top aids all resign in one day. Winter Olympics kick off.¬†Putin¬†expected to meet¬†Xi.

China, Hong Kong and other markets remained closed for the Lunar (Tiger) New Year holidays.
 
  • USD (USDIndex¬†95.25) worst day in a long time ‚Äď opened the week at 97.25, 96.00 now major resistance & 95.00 support.
  • US Yields¬†10-yr closed at¬†1.827¬†& trades at¬†1.81%.
  • Equities¬†‚Äď USA500 -111 (-2.44%)¬†4477¬†‚Äď (FB¬†-26.39%,¬†AMZN¬†-7%, but +15% after hours)¬†USA500¬†FUTS recovered to¬†4518.¬†SNAP¬†(-23% on the day & then +59% after hours).
  • USOil¬†‚Äď Spiked over $89.00 and trades at¬†$88.84¬†now.
  • Gold¬†‚Äď fell to¬†$1788¬†back to¬†$1807¬†now.
  • Bitcoin¬†remains under¬†$40,000¬†back to test¬†$37,800
  • FX markets¬†‚ÄstEURUSD¬†up to¬†1.1465 USDJPY¬†up to¬†115.00¬†&¬†Cable¬†to¬†1.3580
Overnight¬†‚Äď RBA Mins.¬†repeats ‚Äėprepared to be patient‚Äô mantra,¬†German¬†Industrial Orders, much stronger than anticipated +2.8%.

European Open¬†‚Äď Treasuries have recovered earlier losses, but Bunds and other Eurozone bond markets remain under pressure as stronger than expected German orders at the start of the session add to the arguments for a change of course in March, which judging by Lagarde‚Äôs comments clearly is on the agenda next month, when the updated set of staff projections are also available.

DAX and FTSE 100 futures are posting gains of 0.6% and 0.8% respectively, with the Euro Stoxx 50 up 0.7%. A 2.2% rise in the NASDAQ meanwhile is leading US futures higher.

Today¬†‚Äď EZ/UK Construction PMI, EZ Retail Sales,¬†US & Canadian Labour Market Reports.¬†Earnings¬†Carlsberg, Sanofi, Bristol-Myers, and AON.

2022-02-04_09-57-05.jpg

Biggest FX Mover @ (07:30 GMT) EURAUD (+0.59%) Rallied from key 1.5800 Wednesday to over 1.6100 now. MAs aligned higher, MACD signal line & histogram levelling off but well over 0 line, RSI 80 & OB, H1 ATR 0.0024 Daily ATR 0.0120.

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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Date : 7th February 2022.

Market Update ‚Äď February 7 ‚Äď ‚ÄúGood news is good news‚ÄĚ eventually.


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A shockingly strong nonfarm payroll report knocked Treasuries for a loop. Global markets have been left reeling from the FOMC’s pivot, the BoE’s second rate hike and the aggressive voting pattern, as well as the hawkish shift from ECB Lagarde’s press conference. Wall Street turned mostly higher in afternoon trade. The market struggled early on following the stronger jobs report, which weighed on sentiment, in a case of good news is bad news for stocks (Fed rate hikes).

Treasury yields jumped on the data as the headlines more than surprised even the strongest forecast, and especially the whisper number which hinted at a -400k decline in jobs due to Omicron. The 0.7% surge in earnings to $31.63 m/m, a new all-time high, and a 5.7% y/y clip, the fastest since March 2020, added to Fed worries and increased the risk for a 50 bp rate liftoff in March and a faster string of hikes this year. Rates continued to cheapen through the afternoon as sell stops were tripped. Bearish options plays added to the selling, as did the advent of the $110 bln in auctions next week.
 
  • China returns from a week-long Lunar New Year break.
  • USD (USDIndex- 95.50)
  • US Yields ‚ÄďThe rally on Wall Street further pressured Treasuries, but with no one willing to step in front of this bear train, yields continued to climb and ended the week sharply higher. Now, the 2-year has cheapened almost 13 bps to 1.326%, while the 3-year was over 12 bps higher at 1.585%. The 10- and 30-year yield rose 10 bps and 8 bps respectively to 1.935% and 2.235%.
  • Asian stock markets were under pressure overnight, with Japan‚Äôs tech sector in particular struggling. China bourses rallied in catch up trade, despite a drop in the Caixin General Services PMI to a 5-month low of 51.4, from 53.1 in December. Australia retail sales also dropped for the first time in four months.
  • Equities‚ÄstJPN225¬†is down -0.7%. The¬†USA100¬†advanced 1.58%, with the¬†USA50052% firmer, while the¬†USA30¬†slid to a -0.06% loss.¬†GER30¬†and¬†UK100¬†futures are up 0.8% and 0.4% respectively.
  • German industrial production contracted -0.3% m/m¬†in December, and was down -4.1% y/y in December. Production lifted 3.0% in 2021 compared to 2020, but was still down -5.5% compared to the pre-pandemic year of 2019. Clearly virus developments and supply chain disruptions continued to weigh on overall output, in particular in Germany‚Äôs important car industry.
  • UK‚Äď Complicating the picture is a political crisis. Prime Minister Boris Johnson faces anger over a series of missteps, not least the alcohol-fuelled parties held at Downing Street during coronavirus lockdowns. The coming days could bring more clarity on his future.
  • USOil‚Äď Spiked to¬†$92.00¬†‚Äď 7-year highs ‚Äď amid fear of supply disruptions from a multitude of geopolitical flare-ups, above all, a possible Russia-Ukraine conflict. Europe is scrambling to find alternatives to Russian gas, while¬†US winter storms¬†at a time of general underproduction are an added problem.
  • Gold‚Äď back above 1800 to¬†$1812.
  • Bitcoin¬†up to¬†$42,708.
  • FX markets‚Äď EUR is broadly lower this morning, but¬†EURUSD¬†is up to¬†1.1426, USDJPY¬†up to¬†115.27¬†&¬†Cable¬†to¬†1.3538.
European Open¬†‚Äď EGBs have found buyers in early trade, with a weaker than expected German production number at the start of the session adding some support. The short end continues to underperform as investors adjust their central bank outlooks, with those caught wrong-footed by Lagarde last week now risking overcorrecting expectations, and it may take some time before there is a new equilibrium. We still think Q4 is the most likely timing for a first move ‚Äď in December, if inflation pressures calm somewhat, or October, if Covid-19 restrictions fade faster than anticipated and the tensions with Russia over Ukraine ease quickly.

Today¬†‚Äď Company reports and central bank outlooks remain in focus at the start of the week, but for now confidence seems to be holding up. Today‚Äôs slate has just US December consumer credit. Earnings include Amgen, Southern Copper, Simon Property, Tyson Foods, ON Semi, Zimmer Biomet, Principal Financial, Take-Two Interactive, Loews Corp., Hasbro, and CNA Financial. There is Fedspeak later in the week with Bowman, Mester, and Barkin. Data includes trade, the NFIB small business survey, claims, and consumer sentiment.

2022-02-07_10-35-59.jpg

Biggest FX Mover @ (07:30 GMT) EURAUD (-0.44%) Dip to 1.4525 before rebounding again in EU open at 1.4568. Fast MAs turned higher again but MACD and RSI remain close to zero.

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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EURUSD rose yesterday and shut down at 1.2654. The Sentix Investor Confidence in the Eurozone dropped to a new low of - 13.7 in September. The German Factory Orders dropped forcefully to - 5.7 percent in August. In the United States the President of the Federal Reserve in Kansas City Esther George believed that the national bank should raise the transient loan fees. As indicated by her there is a recognisable improvement of the US economy.

 

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Date : 8th February 2022.

Market Update ‚Äď February 8 ‚Äď USD rebounds ahead of US inflation.


eu_update_1200x628-e1567669197104-696x339.png Trading Leveraged Products is risky
Treasury yields were mixed inside a narrow range as the market consolidated, coming to grips with the hawkish stance from the FOMC and other core central banks, while they found some support from EGBs. ECB’s Lagarde stressed rate hikes will not begin until after asset purchases are ended. Trading was also slowed as the CPI report looms Thursday. The front end outperformed slightly as shorts covered, paring some of the selling from Friday. Wall Street was mixed and rather directionless, despite earnings. After finding a small bid into the afternoon, the indexes slumped into the close. Oil drops on progress in US-Iran talks.
 

  • USD (USDIndex¬†95.61) steady.
  • US Yields¬†2-year rate slid 2 bps to¬†1.288%¬†after having surged to test¬†1.32%¬†on Friday. However, the 10-year was fractionally underwater and rose to¬†1.945%, a new high since late 2019.
  • Equities¬†‚ÄstUSA500¬†( -0.37%)¬†4487,¬†USA100¬†(-0.58% )recovered to¬†14605. (Meta¬†shares fell more than 5%,¬†Peloton¬†jumped over 20% on media reports of interest from potential buyers including¬†Amazon, Tyson Foods firmed on upbeat quarterly results, Nvidia rose 1.7%¬†,Alibaba¬†fell about 6% after it registered an additional 1 billion American depositary shares.)¬†JPN225¬†and ASX are up 1.1% and 0.1%.¬†GER40 and UK100¬†futures are up 0.1% and 0.2%.
  • USOil¬†‚Äď flattened around¬†$90.00 amid¬†concerns over tight supply.
  • Gold¬†‚Äď jumped to¬†$1823¬†above 20-day SMA. Gold rose 1.2% last week and posted its strongest weekly gain since November. Yields have been ebbing from overnight highs, while the USD is a little weaker, to provide some support to gold. Geopolitical risks are also underpinning.
  • Bitcoin extended to $45,485.¬†‚Äď Bitcoin and the Australian Dollar had posted gains as equity markets rallied in Europe.
  • FX markets¬†‚ÄstEURUSD¬†up to¬†1.1405, USDJPY¬†up to¬†115.48¬†&¬†Cable¬†to¬†1.3520

Overnight¬†‚Äď ASX¬†outperforming, helped by a jump in iron ore prices, which boosted miners. Talk of more companies being added to the¬†list of companies that may¬†need extra permits to¬†buy from US entities¬†weighed on the Hang Seng¬†in particular and the index is currently down -0.99%.¬†WTO lets China¬†impose $645 million tariffs on US.

European Open¬†‚Äď The March 10-year Bund future is down 8 ticks, slightly outperforming versus Treasury futures, as yields continue to rise in cash markets. Lagarde failed to push back against speculation of an early end to net asset purchases and swift start to rate hikes yesterday and Eurozone peripherals in particular are likely to continue to struggle.

Today¬†‚Äď Today‚Äôs calendar is thin and should have no impact on expectations. The¬†December trade report¬†is due. The earnings calendar features reports from Pfizer, BP, S&P, Fiserv, Thomson Reuters, Coinbase, Centene, KKR, Chipotle, DuPont, Sysco, Yum! Brands, Transdigm, Cenovus Energy, Warner Music, FleetCor, Incyte, and FMC.

Screenshot-2022-02-08-093928.png

Biggest FX Mover @ (07:30 GMT) NDZJPY (+0.46%) Rallied to 76.75 retesting the 20 DMA for a 4th day. MAs aligned however started turning lower, MACD signal line & histogram levelling off but well over 0 line, RSI at 57 in a pullback.

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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A market investigation is a quantitative and subjective evaluation of a market. It investigates the size of the market both in volume and in esteem, the different client fragments and purchasing behaviors, the opposition, and the monetary climate as far as boundaries to passage and guideline.

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Date : 9th February 2022.

Market Update ‚Äď February 9 ‚Äď Stocks Boosts The Risk Taking Mood.


daily-market-update-696x364.png
The markets continue to gyrate wildly amid numerous crosscurrents. Inflation jitters, central bank tightening worries, supply, weakness in EGBs, and strength in risk appetite all weighed heavily on Treasuries. On other occasions, dip buying and geopolitical risks have supported bonds. Meanwhile, Wall Street rallied Tuesday on improving expectations on growth as covid restrictions are eased. Data included marginal widening in the December trade deficit, and declines in both the NFIB small business optimism and the IBD/TIPP economic optimism indexes.
 
  • USD (USDIndex¬†95.60) steady in a 3-day pattern.
  • US Yields¬†10-year Treasury yield is down¬†-2.2 bp,¬†JGB¬†rates have dropped back -0.4 bp. ‚Äď Despite that, the¬†Treasury‚Äôs $50 bln 3-year auction was surprisingly well received¬†and stronger than expected, garnering record indirect demand.
  • Equities¬†‚Äď staged a¬†broad rally with tech stocks¬†in Hong Kong rebounding after yesterday‚Äôs sell off. Reports of a wave of interventions by state backed funds helped Chinese markets. Hang Seng and CSI 300 rallied 1.97% and 1.07%. The¬†JPN¬†lifted 1.08% and the ASX 1.14%.¬†USA30¬†&¬†USA100¬†(+1%) recovered to¬†35700¬†and¬†14828¬†and¬†USA500¬†was¬†0.84% in the green. GER40¬†and¬†UK100¬†futures are posting gains of¬†0.8%.¬†Apple & Microsoft closed higher.
  • USOil¬†‚Äď extends declines to¬†$87.40.
  • Gold¬†‚Äď at 1825 after reaching¬†$1829¬†‚Äď Haven buying on geopolitical risks, which has supported on and off, provided little offset.
  • Bitcoin settled to mid¬†$43,000.
  • FX markets¬†‚ÄstEURUSD¬†narrowing to¬†1.1400, USDJPY¬†up to¬†115.45¬†&¬†Cable¬†to¬†1.3537.
European Open¬†‚Äď The March 10-year Bund future is up 32 ticks, outperforming versus US futures, while in cash markets the 10-year Treasury yield has dropped back -2.2 bp. Bonds have found a footing for now and EGB yields are set to come off yesterday‚Äôs highs, but sentiment is likely to remain fickle ahead of US inflation data. In the Eurozone, markets will likely continue to test the ECB‚Äôs resolve, with the recent widening of spreads also reflecting speculation that the APP program could end early to pave the way for a rate hike in the third rather than the fourth quarter.

Germany‚Äôs trade surplus narrowed to just EUR 6.8 bln¬†in December in seasonally adjusted terms, as a 4.7% m/m jump in nominal imports far outweighed the 0.9% m/m rise in exports. Virus developments will have weighed on production and exports at the end of the year, while the spike in energy and other commodity prices pushed up the nominal import bill. So not a total surprise with the underlying export trend still robust, despite the drop in exports to the UK last year ‚Äď thanks to Brexit.

Today¬†‚Äď Data is thin with just December wholesale data, but there is a heavy earnings slate today to provide a distraction. The slate includes Toyota, Walt Disney, CVS Health, GlaxoSmithKline, Equinor, CME Group, Uber, Honda, Manulife, Motorola, Twilio, IFF, Sun Life, Equifax, CDW, Seagen, Fox, Grab, MGM Resorts, and Arch Capital.

Screenshot-2022-02-09-095107.png

Biggest FX Mover @ (07:30 GMT) USOIL (-0.56%) Retests 87.40 extending the decline from 91.70. Fast MAs aligned lower, MACD signal line & histogram extend southward s below 0 and RSI and Stochastic are at OS barrier.

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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Date : 10th February 2022.

Market Update ‚Äď February 10 ‚Äď Its Inflation day.


inflation_1200x628_2-696x364.png
The CPI report is anxiously awaited and the markets are priced for a bearish outcome. Indeed, stocks and bonds have sold off so hard this month that risk is for dip buying after the result. Wall Street posted solid gains again Wednesday as investor sentiment has improved with good earnings reports and expectations for some normalcy as covid mandates are being unwound. Treasuries have rallied as jitters regarding an overly hawkish FOMC have eased. Recent Fedspeak downplaying the likelihood of aggressive Fed action helped soothe investor jitters.
 
  • USD (USDIndex¬†95.50).
  • US Yields¬†richened, led by the long end, especially after a stellar 10-year auction. The yield tested¬†1.93%. The 2-year pared its early rally and was unchanged at¬†1.344%¬†into the close after sliding to¬†1.313%.
  • Megacap growth stocks powered up¬†due to a pause in rising interest rates while upbeat earnings reports also encouraged investors to buy.
  • Equities¬†‚ÄstUSA100¬†paced the gains on Wall Street, with a¬†2.08%¬†surge, with the¬†USA500¬†up¬†1.45%¬†as all 11 sectors were in the green. The¬†USA30¬†was up¬†0.861%.
  • Reuters: Asian equities in January received the biggest upgrade in their forward 12-month earnings estimates in five months, boosted by higher commodity prices and demand for technology exports in the region. ‚Äst55%¬†of the region‚Äôs large- and mid-cap Asian companies have¬†beaten¬†the average earnings¬†forecasts by analysts, while¬†58.1% of the companies topped the estimates¬†in the third quarter.
  • USOil¬†‚Äď steady at¬†$88.70.
  • Gold¬†‚Äď at¬†$1835.70¬†‚Äď soft dollar and lower bond yields.
  • Bitcoin settled to$43,000 -44,000 area.
  • FX markets¬†‚ÄstEURUSD¬†narrowing to¬†1.1420, USDJPY¬†spiked to¬†115.69¬†&¬†Cable up¬†to¬†1.3539 from 1.3525.
European Open¬†‚Äď The March 10-year Bund future is down -4 ticks at 165.82, while in cash markets Treasuries have remained supported overnight, although yields have moved up from session lows going into the European morning. Asian stocks have traded narrowly mixed. That also holds for Europe, where yields have jumped sharply since the central bank meetings last week, forcing central bankers to warn against overcorrections and big policy moves, A number of speakers from both BoE and ECB are scheduled to speak today.

Today¬†‚Äď As noted, the January CPI features today. Initial jobless claims are also due today. The January Treasury budget is also on tap. The Treasury auctions $23 bln of 30-year bonds, and announces 20-year bonds and 30-year TIPS. For Fedspeak, Barkin is on deck. Today‚Äôs¬†earnings¬†calendar features reports from Coca Cola, Pepsico, Astrazeneca, Philip Morris, Duke Energy, Moody‚Äôs, Global Payments, DexCom, Republic Services, TELUS, Twitter, VeriSign, PG&E, Martin Marietta, Kellogg, SS&C Technologies, Zillow, and Aegon.

Screenshot-2022-02-10-094857.png

Biggest FX Mover @ (07:30 GMT) NZDJPY (+0.28%) The Aussie and Kiwi dollars were trading near multi-week highs as investors turned more bullish on risk assets such as equities. Fast MAs aligned higher, MACD signal line & histogram extend northwards and RSI is retesting 70 areas.

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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Date : 11th February 2022.

Market Update ‚Äď February 11 ‚Äď USD on bid as equities crushed.


LONDON LONDON
The markets were crushed, and especially bonds, as a hotter than expected CPI and hawkish comments from Bullard weighed heavily on the markets. The 7.5% y/y pace of CPI, a 40-year high, boosted concerns that the FOMC will have to take a more aggressive stance on rate hikes and tightening down the road. But the nail in the coffin were comments from the Fed hawk Bullard who said he now advocated for a half point rate increase in March and 100 bps of tightening over the first half of the year. The UK economy grew by 7.5% last year despite Omicron causing slowdown. Treasury yields soared with the 10-year cheapening through the 2.0% level for the first time since July 31, 2019. Wall Street was hammered too and the major indexes plunged on the day.
 
  • USD (USDIndex¬†rallied to¬†96.00).
  • US Yields¬†sharply higher, spiked further, leaving the 2-year rate up 25 bps to¬†1.579%¬†‚Äď biggest single daily move since¬†June 2009¬†and the great financial crash. The¬†10-year¬†was up 10 bps at¬†2.029%, closing with a 2% handle for the first time since July 31, 2019.
  • Equities¬†were led by the¬†-2.10%¬†drop in the¬†USA100,¬†while the¬†USA500¬†was¬†-1.81%¬†lower, with the¬†USA30¬†down¬†-1.47%.¬†Tech stocks¬†have been hit by the prospect of accelerated Fed hikes and¬†GER30¬†and¬†UK100¬†are currently down¬†-1.3%¬†and¬†-1.0%.
  • Earnings:¬†Affirm stock dropped 21%. Twitter unchanged, as Twitter‚Äôs mixed fourth quarter shows its challenges ahead, PepsiCo down by 2.1%, beat earnings but warns on costs while full-year outlook fell short. Disney 3.50% up, shows rebound in Disney+ & Parks businesses.
  • USOil¬†‚Äď at¬†$88.00¬†following a spike at¬†90.60.
  • Gold¬†‚Äď down to¬†$1820.90.
  • Bitcoin settled to $43,000 ‚Äď 44,000 area.
  • FX markets¬†‚ÄstUSD¬†on bid as yields spiked and¬†USDJPY¬†jumped to¬†116.32,¬†although the Yen strengthened against most other currencies as risk appetite waned.¬†AUD¬†and¬†NZD¬†drifted.¬†EURUSD¬†declined to¬†1.1370¬†&¬†Cable down¬†to¬†1.3512.
European Open¬†‚Äď The March 10-year Bund future is down -23 ticks, but the 30-year future has rallied and US futures have found a footing. So there are some signs of stabilisation at least at the long end. EGBs sold off yesterday in the wake of the higher than expected inflation print, and while the UK curve shifted higher across the board, thanks to Lane‚Äôs dovish comments on the policy outlook, the short end outperformed in the Eurozone and the curve steepened as the long end sold off, with Italian BTPs once again hit most.

Today¬†‚Äď Today‚Äôs calendar is light, with just the preliminary University of Michigan consumer sentiment index due. Today‚Äôs earnings calendar features reports from Enbridge, Dominion Energy, Magna International, and Fortis.

Screenshot-2022-02-11-093104.png

Biggest FX Mover¬†@ (07:30 GMT)¬†AUDUSD (-0.58%) ‚ÄstDipped to 0.7110 on USD strength. Fast MAs currently flat, as MACD signal line & histogram extend southwards and RSI at 36, indicating near term consolidation and overall pressure.

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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Date : 14th February 2022.

Market Update ‚Äď February 14 ‚Äď Geopolitical tensions top of the agenda.


daily-market-update-696x364.png
Stock markets crushed into close Friday (NASDAQ¬†-2.78%), Asia lower too (Nikkei -2.2%) and European FUTS down -1.92%.¬†Oil¬†at new 7-yr high,¬†Yields¬†&¬†Gold¬†cool a tad,¬†USD & JPY¬†bid,¬†NZD¬†clobbered. Key FED hawk¬†Bullard¬†called for 1% hike over next 3 meetings, 72% chance of 50bps in March on Friday cooled to 38% today.¬†Daly¬†‚Äď danger of moving too fast.¬†Ukraine¬†asks for meeting with Russia within 48hrs,¬†Biden: Russia possible fake invasion pretext as early as Tuesday/Wednesday, most foreign nationals advised to leave, ‚Äď a possibly pivotal week ahead.

Economic Week Ahead¬†‚Äď Closed FED meet¬†today¬†‚Äď possible move on discount rate, (the rate the FED lends to banks) but not the main Fed Funds rate (the rate banks lend to each other). Top of the week ‚Äď FED Minutes (Wednesday) supported by more global inflation and Retail Sales data.
 
  • USD (USDIndex¬†96.05) stronger USD weaker EUR on unrest on its border and possible energy shortages.
  • US Yields¬†10-yr closed Friday at¬†1.955¬†down from over 2.0%, trades at¬†1.94%.
  • Equities¬†‚Äď USA500 -85pts (-1.9%)¬†4418¬†-(TSLA -4.93%, APPL -2%, GOOG -3.23%, XOM+2.52%. US500 FUTs now¬†4416
  • USOil¬†‚Äď Futures spiked over 3.6% to $93.10 and trades at¬†$92.40¬†now.
  • Gold¬†‚Äď Futures spiked 1.97% to¬†$1862¬†back to¬†$1854¬†now.
  • Bitcoin¬†remains in the¬†$45,000¬†to¬†$42,000¬†range.
  • FX markets¬†‚ÄstEURUSD¬†down to¬†1.1345 USDJPY¬†down to¬†115.35¬†&¬†Cable¬†to¬†1.3535.
Overnight¬†‚Äď NZD¬†inflation much firmer than expected (+2.7% vs 0.6%), Business outlook weaker,¬†CHF¬†PPI 3 x higher than expected.

European Open¬†‚Äď The March 10-year Bund future has rallied 99 ticks, with yields set to slide at the open as European bourses prepare for a decisive week over the Ukraine conflict with Russia. Treasuries are underperforming and the US 10-year rate has already backed up 2.1 bp this morning, suggesting that the likely rally in bonds may not last too long. The same delayed reaction is likely in stocks. ECB head¬†Lagarde¬†is set to speak in the afternoon and will likely to continue to try and balance the need to acknowledge inflation risks, with a cautious tone, designed to keep markets from running away with the tightening story.

Today¬†‚ÄstFed¬†Closed Board Meeting, Fed‚Äôs¬†Bullard, ECB‚Äôs¬†Lagarde, German-Ukrainian meeting.¬†Earnings¬†Michelin, AvisBudget Group

2022-02-14_09-48-51.jpg



Biggest FX Mover @ (07:30 GMT) EURNZD (+0.45%) Volatility continues from over 1.7200 last week to 1.7020 Friday to 1.7100 now. MAs aligned higher, MACD signal line & histogram at 0 line, RSI 49.50, H1 ATR 0.0027 Daily ATR 0.0130.

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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Date : 15th February 2022.

Market Update ‚Äď February 15 ‚Äď Markets Await the Diplomats.


daily-market-update-696x364.png
Stock markets ended flat into close, with Ukraine jitters easing a tad. USD & JPY remained bid, Gold has hit an 8-month high and Oil holds at $93.00. 2yr-10yr Yields at their narrowest since Feb 2019 but have cooled overnight. No leaks from closed door FED meeting, Bullard reemphasized his 100bps by July. Asia stocks lower too.¬†Ukraine¬†had no response from Russia although¬†Lavrov & Putin¬†agreed to more diplomacy with the West.¬†Scholz¬†in Moscow today. UK Foreign Sec,¬†Truss¬†‚ÄúInvasion highly likely but not inevitable‚ÄĚ.¬†Iron Ore¬†futures slumped over 10% amid the continued crackdown on prices by China hitting¬†AUD.
 
  • USD (USDIndex¬†96.15) stronger USD weaker EUR on unrest on its border and possible energy shortages.
  • US Yields¬†10-yr closed Friday at¬†1.996¬†cooled to¬†1.97%,¬†2-yrs remain elevated.
  • Equities¬†‚Äď USA500 -16pts (-0.39%)¬†4401¬†-(TSLA +1.83%) Musk gave $5.7bln shares to a charity in Nov. US500 FUTS now¬†4396.
  • USOil¬†‚Äď Futures spiked to $93.80, trades at¬†$92.70¬†now.
  • Gold¬†‚Äď Rallied (8-mth highs) to¬†$1879¬†back to¬†$1878¬†now.
  • Bitcoin¬†remains in the¬†$45,000¬†to¬†$42,000¬†range.
  • FX markets¬†‚ÄstEURUSD¬†down to¬†1.1324 USDJPY¬†down to¬†115.29¬†&¬†Cable¬†to¬†1.3540.
Overnight¬†‚Äď AUD¬†RBA Mins,¬†no surprises, analysts bring forward rate hikes to possibly August form year end.¬†JPY¬†GDP missed (1.3% vs 1.5% & previous quarter revised lower to -0.9%),¬†GBP¬†Earnings beat at 4.3% vs 3.8%, but inflation impacted real wages -0.8%. Tightening labour market too. ‚Äď Unemployment steady at 4.1%.

European Open¬†‚Äď The 10-year Bund future is up 68 ticks, outperforming versus Treasury futures, which are also slightly higher though. Markets are now increasingly worried that the Fed will act too aggressively on rates and stifle the recovery in the process. ECB‚Äôs¬†Lagarde¬†yesterday was eager to keep rate hike speculation at bay and even if the ECB pivots, a rate hike before the last quarter of the year, doesn‚Äôt really seem to be on the cards. Ukraine jitters have eased somewhat, but continue to cloud over sentiment and¬†DAX¬†and¬†FTSE 100¬†futures are down¬†-0.3%¬†and¬†-0.2%¬†respectively.

Today¬†‚Äď EZ¬†GDP, German ZEW,¬†US Empire State¬†Manu.¬†PPI¬†Final Demand, German-Russian meeting,¬†Earnings¬†Glencore, Restaurant Brands, ViacomCBS.

2022-02-15_09-55-19.jpg

Biggest FX Mover @ (07:30 GMT) AUDJPY (-0.36%) From 84.00 highs on Thursday to 81.50 yesterday & back to 82.00 now. MAs aligned lower, MACD signal line & histogram remains below 0 line, RSI 43.50, H1 ATR 0.185 Daily ATR 0.878.

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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