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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 202661, member: 32345"] [B]Date : 15th December 2021. Market Update – December 15 – FOMC Day – A Hawkish FOMC priced in?[/B] [URL='https://analysis.hotforex.com/wp-content/uploads/2018/12/eu_update_1200x628-e1567669197104.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2018/12/eu_update_1200x628-e1567669197104-696x339.png[/IMG][/URL] Trading Leveraged Products is risky [LIST] [*]USD ([B]USDIndex[/B] [B]96.39[/B]) holds onto gains, close to 2-wk high. [B]Stocks[/B] closed lower (Nasdaq worst performer again -1.14%) & Yields drop. [B]US PPI[/B] climbed to [B]9.6%[/B] from 8.8%, new ATH. Major FX pairs sideways into [B]FED. [/B]US Senate agrees gov. funding into February. Asian markets largely weaker. [B]Omicron news[/B] mixed – Pfizer pill 90% effective in final trails, Sinovax & the 3 US vaccines – ineffective after 2 doses vs Omicron – US study, Omicron spreading at “unprecedented rate” – WHO. [*][B]US Yields[/B] 10yr traded down to [B]1.416%[/B] up to 1.438% now. [*][B]Equities[/B] – [B]USA500[/B] -34.88 (-0.75%) at [B]4634[/B] – [B]USA500.F[/B] trades flat at 4633. [B]MFST[/B] [B]-3.26%.[/B] Musk could have off-loaded $18m. worth of [B]#TSLA[/B] (-0.82%) stock by year end – CNBC. [*][B]USOil[/B] – under [B]$70.00[/B] – EIA unsure about Omicron impact on fuel demand – trades at [B]$69.40 [/B]testing 8-day lows. [*][B]Gold[/B] spiked under key [B]$1770,[/B] sank to $1766.70[B], [/B]earlier – now struggles at $1769. [*][B]FX markets[/B] – [B]EURUSD 1.1275, USDJPY 113.70, Cable[/B] recovers from breach of [B]1.3200[/B] to trade at [B]1.3245[/B] now. (98 Tory MP’s voted against PM Johnson’s plans for further restrictions, motion was passed with opposition support). [/LIST] [B]Overnight[/B] – [B]CNY – [/B]mixed data Factory output speeds up but Retail Sales miss (3.9% vs 4.9%), [B]GBP[/B] CPI jumps to [B]5.1%[/B] (10-yr high) vs 4.8% vs 4.2% last time – CORE leaps to [B]4.0%[/B] from 3.4%. RPI (which only looks at consumption up to 7.1%) – factory gate prices are up [B]9.1%[/B] & input costs up [B]14.3% [/B]on a year ago – [I]even more grist to the mill for BOE hawks. [/I] [B]European Open[/B] – The March 10-year Bund future is down -3 ticks, while the 30-year year has moved higher overnight. U.S. futures are also posting fractional gains. A mixed and cautious picture then as markets wait for the FOMC announcement, which is expected to confirm a faster tapering schedule, despite latest virus developments. [B]The DAX future is up 0.17% the FTSE 100 is down -1.6%,[/B] as the BoE starts its meeting. Central banks will have a difficult task trying to balance inflation concerns & virus nerves though the [B]FOMC[/B] it seems remains on course to speed up tapering. [B]ECB[/B] still looks dovish by comparison, even if it is set to confirm the timely end of PEPP on Thursday, which is keeping a lid on EUR. [B]BOE[/B] is also expected to push back the flagged rate hike into 2022 as virus restrictions tighten. [B]Today [/B]– Canadian CPI, US NY Fed Manufacturing, [B]Retail Sales[/B], DoEs, [B]FOMC[/B] policy announcement and Fed Chair [B]Powell[/B] press conference [URL='https://analysis.hotforex.com/wp-content/uploads/2021/12/2021-12-15_09-42-21.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/12/2021-12-15_09-42-21.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]AUDCHF (+0.36%)[/B] rallied from 6-day low yesterday at [B]0.6538[/B] to [B]0.6585[/B] now. Currently MAs aligned higher, MACD signal line & histogram moving higher & have breached 0 line, RSI 60.95 & rising. H1 ATR 0.0008, Daily 0.0072. [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]
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