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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 209454, member: 32345"] [b]Date : 14th June 2022. Market Update – June 14 – Is the ugly Monday over?[/b] [URL='https://analysis.hfm.com/wp-content/uploads/2021/05/fear_1200x628.png'][IMG]https://analysis.hfm.com/wp-content/uploads/2021/05/fear_1200x628-696x364.png[/IMG][/URL] [B]USD[/B] spiked ([B]USDIndex[/B] 105.10), [B]Stocks[/B] plummeted once again ([B]NASDAQ[/B] -4.68%, Dow -800pts & S&P close to -151pts). Friday’s hot CPI report; low consumer sentiment; stagflation worries continued; and global uncertainty over how hard the FOMC will have to slam on the brakes to slow demand and bring down inflation. [B]Yields [/B]higher on fears of aggressive interest rate hikes would push the world’s largest economy into recession (US 5yr & 10yr back over 3.57% & 3.48%, 2yr at 3.33%). Asian markets have sold off in catch up trade, ([B]Nikkei[/B] -1.30%). [B]Oil[/B] up, [B]Gold[/B] remains pressured by rising yields. [URL='https://analysis.hfm.com/wp-content/uploads/2022/06/2022-06-14_09-10-15.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/06/2022-06-14_09-10-15.jpg[/IMG][/URL] [LIST] [*][B]USDIndex[/B] rallied to 105.10. [*][B]Equities[/B] – [B]Hang Seng[/B] and [B]CSI 300[/B] are up 0.3% and 0.4% respectively. [B]GER40[/B] and [B]UK100[/B] futures are posting gains of 1.0% and 0.8%, while a 1.6% rise in the [B]USA100[/B] is leading US futures higher. [*][B]Oil & Gold [/B]had weaker sessions – [B]USOil[/B] struggles to break $122.00 handle, [B]Gold[/B] is slumped on the Fed outlook and the strength in the USD, to $1809. [*][B]Bitcoin [/B]TANKED to $20,796. – Major cryptocurrency lending company[B] Celsius Network’s freezing[/B] of withdrawals delivered the latest jolt to investors in the asset-class. [*][B]FX markets[/B] – [B]EURUSD [/B]down at 1.0458, [B]USDJPY [/B]tested 135 zone,[B] Cable[/B] trades up at 1.2200, from 1.2120. [/LIST] [B]Overnight – ILO unemployment rate jumped to 3.8%. German HICP inflation was confirmed at 8.7% y/y[/B], in line with the preliminary number. The national CPI rate stood at 7.9% and inflation is at the highest level since 1973, during the first oil price crisis. [B]Chaoyang kicked off a three-day mass[/B] testing campaign among its roughly 3.5 million residents. [B]Today –[/B] German ZEW, US PPI and ECB’s Schnabel speech. [URL='https://analysis.hfm.com/wp-content/uploads/2022/06/2022-06-14_10-33-38.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/06/2022-06-14_10-33-38.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]BTCUSD [/B](-7.02%). Drifts to 20781. Next key resistance is at 2017 peak, 19470. Intraday, MAs flattened, MACD histogram negative, RSI 23 but rising, indicating some temporary bounce but overall downtrend. [b]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.[/b] Click [url=https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html][b]HERE[/b][/url] 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 [url=https://www.hotforex.com/en/trading-tools/trading-webinars.html][b]HERE[/b][/url] to register for FREE! [url=https://analysis.hotforex.com/][b]Click HERE to READ more Market news.[/b][/url] [b] Andria Pichidi Market Analyst HFMarkets Disclaimer:[/b] 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. [/QUOTE]
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