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: 201377, member: 32345"] [B]Date : 10th November 2021. Market Update – November 10 – Inflation, Oil & Yields.[/B] [LIST] [*]USD ([B]USDIndex 94.09[/B]) recovers [B]94.00, PPI[/B] in-line with exceptions but [B]Chinese PPI[/B] hit an all-time (26-yr) high +13.5%% & [B]CPI[/B] doubled last month to 1.5%. Equities slip from key levels, yields decline to 6-wk lows and Oil rallied. FedSpeak dominated by Doves yesterday but calling caution on inflation – nothing new from [B]Powell, Lagarde or Bailey.[/B] [B]Brainard[/B] apparently interviewed for FED Chair, [B]Biden[/B] cranks up gasoline plan & plans to video meet with Xi next week, [B]Musk[/B] “lost” $50bn. [*][B]Evergrande $148m[/B] interest payment due today & contemporary [B]Fantasia[/B] needs “help”. This isn’t going away as the Chinese authorities (in the middle of reappointing Xi) may have hoped for. [*][B]US Yields[/B] (10yr closed down again at [B]1.432%[/B]) having hit a 6-week low at [B]1.4150[/B] yesterday as the Auction was filled at [B]1.44%[/B] (1.58% – last time) back to 1.46% now. [*][B]Equities[/B] down failing to hold key levels. [B]USA500[/B] -16.00 (-0.35%) at [B]4685[/B] – Big movers; TSLA -11.99%, PayPal -10.46%, VISA -3.22%, AMZN +2.5%. GE (once the world biggest company) to split into 3. [B]USA500.F[/B] trades lower at [B]4677[/B]. Asian equities weaker again on Chinese data. [*][B]USOil[/B] – rallies on drawdown in private inventories compared to a build. Spiked over [B]$83.00[/B] to 6-day high [B]$83.25[/B]. [B]Biden[/B] may act on high US Gasoline prices. [*][B]Gold[/B] recovers further testing as high as [B]$1833[/B] on open as Inflation hedge trade builds, back to [B]$1824[/B] now. [*]FX markets – [B]EURUSD [/B]down to [B]1.1565[/B], [B]USDJPY[/B] back over [B]113.00, [/B]from 112.80 lows & [B]Cable [/B]back to [B]1.3550[/B] having rejected [B]1.3600[/B]. [B]AUD & NZD[/B] at 4-wk low. [/LIST] [B]European Open[/B] – December 10-yr Bund future fractionally lower, Treasury futures underperforming. Yields are off session highs, but after bonds were surprisingly firm in the wake of yesterday’s US PPI, there is likely some caution ahead of the key US CPI later today. [B]Today [/B]– [B]US CPI[/B] & Weekly Claims, ECB’s Elderson, – US & CAD closed tomorrow for Veterans Day. [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]NZDCAD (-0.44%) [/B]Chinese and Oil news combine to move pair lower. Collapsed from [B]0.8920[/B] to [B]0.8820[/B] before finding some support. Faster MAs aligned lower, MACD signal line & histogram falling & under 0 line, RSI 34 & recovering from 19.00 lows. H1 ATR 0.0011, Daily ATR 0.0062. [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…