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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 207367, member: 32345"] [B]Date : 21st April 2022. Market Update – April 21 – Yields & USD Cool, NFLX & TSLA grab the headlines.[/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 [B]USD[/B] continued to unwind, [B]Yields[/B] dipped on profit taking and moved lower, [B]Stocks[/B] very mixed; worst was [B]NASDAQ[/B] -1.22%, [B]NFLX[/B] [B]-35%[/B], [B]FB -7.7%,[/B] [B]IBM +7.10%[/B] and [B]TSLA [/B]–[B]4.96% [/B](but recovered all of that after hours). Asian Markets also mixed ([B]Nikkei +1.24%, Shanghai -1.77%[/B]). [B]Oil & Gold[/B] tested key support areas before recovering. Fed officials [B]Daly & Evans[/B] talk 50 bp hike necessary in May. The [B]West[/B] is preparing a new military aid package for Ukraine. Ukraine calls for talks on Mariupol withdrawal, Russia tests [B]new ICBM[/B] in show of strength says Mariupol will fall on Thursday. [B]Macron & Le-Pen[/B] TV face to face – no clear winner but Macron came out better. World faces hunger ‘catastrophe’ as food prices could rise by up to 37% from invasion. [B]Xi, Modi & Serbia[/B] restate opposition to Russian sanctions. [B]Johnson[/B] in India, calls dealing with [B]Putin[/B] like dealing with a “crocodile”. [LIST] [*][B]USDIndex[/B] spikes lower to [B]100.20 [/B]from a test of [B]101.00 [/B]yesterday as USD & Yields cool. [*][B]Equities[/B] – [B]USA500[/B] -2.76 (-0.06%) at [B]4459. –[/B] Holds 4400. US500FUTS tick higher at [B]4470. NFLX [/B] wipe out (down [B]–67.7%[/B] from Nov. highs as Pandemic stay at home winners suffer.) Ackman’s[B] Pershing Square[/B] fund sold entire stake losing [B]$430m[/B] from January $1.1 bln investment. [B]TSLA [/B]significantly[B] beat[/B] EPS & Revenue, profit up $3.3bln, deliveries up 68% at 310K, & supply chains not an apparent problem. [B]MUSK[/B] pockets [B]$23bln[/B] on results. [*][B]Yields[/B] moved significantly lower following 10-yr closed at [B]2.84% [/B]from the attempt at [B]3% [/B]earlier in the week. Trades at [B]2.87%[/B] now [*][B]Oil & Gold [/B]both had a volatile session pressured lower. [B]USOil[/B] tested under [B]$100.00 [/B]and trades at [B]$103.40[/B] now, having tumbled from [B]$109.40[/B] this week. [B]Gold[/B] fell to test [B]$1940 [/B]zone and trades at [B]$1950[/B] now, having rejected [B]$2000 [/B]this week. [*][B]Bitcoin[/B] continued to recover from sub 38.5k on Monday to over 41.6k now. [*][B]FX markets[/B] – [B]EURUSD [/B]has recovered [B]1.0850[/B] and now tests [B]1.0900 [/B]zone. [B]USDJPY [/B]cooled from decade highs to trade at [B]128.00[/B] and [B]Cable[/B] recovered from [B]1.3000 [/B]lows to [B]1.3075 [/B]now. [/LIST] [B]Overnight [/B]– [B]NZD – [/B]surprise miss for CPI ([B]1.8%[/B] vs 2.0% & 1.4%) [B]PBOC[/B] reduced Yuan to November lows after holding off Intertest rate changes. [B]Today [/B]– [B]EZ CPI[/B] (Final), US Weekly Claims & Philadelphia Fed, [B]EZ[/B] [B]Consumer Confidence[/B] (Flash), Speeches from Fed’s [B]Powell,[/B] ECB’s [B]Lagarde[/B], BoE’s [B]Bailey[/B] & Mann.[B] Earnings[/B] from Meggitt, [B]Nestle[/B] (in-line), [B]American Airlines[/B], [B]AT&T[/B] and Phillip Morris. [URL='https://analysis.hotforex.com/wp-content/uploads/2022/04/2022-04-21_09-56-24.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2022/04/2022-04-21_09-56-24.png[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]EURNZD[/B] (+0.67%) Rallied from lows under 1.5930 yesterday to 1.6055 highs today. Next resistance 1.6100. MAs aligned higher, MACD signal line & histogram moving higher, RSI 64 & rising, H1 ATR 0.0031, Daily ATR 0.01571. [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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