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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 203166, member: 32345"] [B]Date : 30th December 2021. Market Update – December 30 – End-of-year trading is not kind to Treasury bulls.[/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]End-of-year trading was not kind to Treasury bulls as unwinding of the month’s Omicron inspired haven purchases were unwound. The break of key technicals and very thin liquidity conditions exacerbated the climb in rates.[/B] [LIST] [*]The USD ([B]USDIndex[/B] [B]96.37[/B]) was supported. [B]US Yields[/B] sold off after key technical levels were breached and the 7-year auction was poorly subscribed. The [B]10-year[/B] penetrated the 50-day moving average at [B]1.526%[/B] and the [B]30-year[/B] pierced the 100-day moving average at[B] 1.938%[/B], which saw the yields rise to intraday peaks of [B]1.5548% and 1.9687%[/B]. following the auction results. The 2-year yield, meanwhile, was fractionally higher at[B] 0.752%.[/B] [*][B]Equities[/B] -Broader indexes advanced to [B]fresh all-time highs[/B]. The [B]USA30 [/B]was up 0.25% to[B] 36,488[/B] and the [B]USA500’s[/B] rose 0.14% to [B]4,793 –[/B] 70th new high of the year. The [B]USA100[/B] lagged with a -0.10% loss. The [B]GER30[/B] future is up 0.1%, the [B]UK100[/B] future down -0.1%. [*][B]USOil[/B] – at [B]75.80[/B], bouncing within 75-77 area. [*][B]FX markets[/B] – [B]Euro[/B] and [B]Sterling[/B] dropped back against a largely stronger US Dollar. [B]EURUSD[/B] is at [B]1.1315[/B] and [B]Cable[/B] at [B]1.3473.[/B] [B]USDJPY [/B]breached[B] 115.20.[/B] [/LIST] [B]Today [/B]– Germany is already on holiday again tomorrow, the UK extends the weekend through to Monday and volumes are likely to remain low today, although the calendar still has some interesting releases in Europe. Preliminary inflation data for Spain are due, the Swiss Kof indicator will also be released. US Weekly jobless claims highlight. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/12/2021-12-30_09-59-38.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/12/2021-12-30_09-59-38.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (10:30 GMT) [B]EURUSD (-0.22%)[/B] pullback from 1.1398 highs to 1.1314. Fast MAs pointing downwards, RSI flattened though at 42 Stochastick are in OS area while MACD lines decline. [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]Andria Pichidi 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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