Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Advertisements
Advertisements
Daily Market Analysis from Hotforex Broker
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="HFM, post: 198124, member: 32345"] [B]Date : 5th August 2021. Market Update – August 5 – USD Holds gains following Hawkish Clarida.[/B] [URL='https://analysis.hotforex.com/wp-content/uploads/2020/08/daily-market-update.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2020/08/daily-market-update-696x364.png[/IMG][/URL] [B]Market News Today – [/B]USD ([B]USDIndex[/B] 92.20) & Yields (10yr 1.20%) boosted. Fed Vice Chair [B]Clarida[/B] continues hawkish tilt. Earlier big miss for ADP (330k vs 700k) had seen Yields tank to [B]1.127%[/B] (6-mth low) & USDIndex 91.80 before big beat for ISM Non-Manu. PMI & Clarida’s “rate lift-off in 2023” & “tapering in 2021” comments. Equities mixed at close ([B]USA500[/B] -0.46% 4402). Asian markets hold gains. Oil inventories show a big build (+3.6m vs -3.2m & -4.1m last week) – [B]USOil[/B] declined further to [B]$67.16[/B] (11-day low) recovered [B]$68.00[/B] handle now. [B]Gold[/B] spiked to $1830 after ADP, back to $1810 now. German Factory orders – a big beat 4.1% vs 2.1%. [B]European Open[/B] – September 10-yr Bund future up 20 ticks, while Treasury futures are slightly lower, as investors continue to digest comments from Clarida, who said he was surprised by the extent of the slide in global yields – indeed it seems surprising that with the recovery now pretty much confirmed, the German 10-yr rate should be at -0.503%, i.e. lower than the deposit rate. [B]BOE Outlook[/B] – Some [B]risk of[/B] [B]hawkish twist[/B]. The bank is expected to keep policy settings unchanged, but some expect [B]Bailey[/B] to explain the outcome of the review on how to best withdraw stimulus when the time comes. If he does, it should not be seen as a sign of imminent tightening, but could spook markets, especially after Clarida’s comments yesterday. US futures are fractionally higher. In FX markets [B]EURUSD[/B] is little changed at [B]1.1840,[/B] while [B]Cable[/B] is at [B]1.3925[/B] ahead of BOE. [B]Today [/B]– US weekly jobs, [B]BoE[/B] Policy Announcement & Press Conference, Fed’s Waller. [B]Earnings:[/B] Adidas, Bayer, Continental, Credit Agricole, Lufthansa, Deutsche Post, Siemens, Glencore, Rolls Royce, WPP, ViacomCBS, Kellogg. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/08/2021-08-05_09-51-55.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/08/2021-08-05_09-51-55.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]AUDJPY[/B] ([B]+0.32%[/B]) Rallied from [B]80.50 [/B]support to [B]81.00[/B] yesterday before closing lower at [B]80.75[/B]. Retesting [B]81.00[/B] again today. Faster MA’s aligned higher, MACD signal line & histogram over 0 significantly and moving higher, RS 60 and still rising. H1 ATR 0.081, Daily ATR 0.710. [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] 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. [B]Stuart Cowell Head Market Analyst HotForex 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]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…