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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 208837, member: 32345"] [b]Date : 27th May 2022. Market Update – May 27 – USD 1-month low, Stocks Rally, Yields Ease.[/b] [URL='https://analysis.hfm.com/wp-content/uploads/2020/08/daily-market-update.png'][IMG]https://analysis.hfm.com/wp-content/uploads/2020/08/daily-market-update-696x364.png[/IMG][/URL] [B]USD[/B] sinks to 1-month low ([B]USDIndex[/B] 101.43) as CB easing pressures absorbed, despite GDP slipping to -1.5% from -1.3% & Pending Home sales at -3.9% from -1.6%. [B]Stocks[/B] had a very strong day on weaker USD ([B]NASDAQ[/B] +2.68%) and [B]Yields [/B]slipped[B]. [/B]Asian markets followed US lead ([B]Nikkei[/B] +0.66%, [B]Hang Seng [/B]+2.07%) and European FUTS are higher. BOJ’s [B]Kuroda[/B] & PM [B]Kishida,[/B] talk up [B]YEN[/B] and want it stabilized, see core [B]CPI[/B] at 2% for next 12-months. [LIST] [*][B]USDIndex[/B] sinks further to 4-week lows trades at [B]101.55. [/B](-1.5% this week, after -1.37% last week) [*][B]Equities[/B] – [B]USA500[/B] +79 ([B]1.99%[/B]) at [B]4057[/B], US500FUTS at [B]4050 [/B]now. [B]Discount[/B] [B]Retailers[/B] lead markets higher on good Earnings – Dollar Tree +21.87%, Macy’s +19%, Dollar General +13% TSLA +7% NVDA +5% [*][B]Yields[/B] 10-year yield edged lower to[B] 2.75%[/B] at close and trades at [B]2.76%[/B] now. [*][B]Oil & Gold [/B]had mixed sessions – [B]USOil[/B] rallied after a cautious week back to test over [B]$114, [/B]trades at $13.70 now, [B]Gold[/B] is holding over $1850 at [B]$1854.[/B] [*][B]Bitcoin [/B]continues to weaken under [B]$30K [/B]at [B]$28.6k[/B], having touched [B]$27.9k[/B] yesterday. [*][B]FX markets[/B] – [B]EURUSD [/B]up to test [B]1.0750,[/B] breaching 1.0700 again, [B]USDJPY [/B]capped under [B]127.00, [/B]having tested 126.50 [B]Cable[/B] to [B]1.2625, [/B]from [B]1.2540[/B] yesterday. [/LIST] [B]Overnight – JPY – [/B]Tokyo Core CPI in line, (1.9%) [B]AUD[/B] Retail Sales in line (0.9%) [B]Today – US PCE Price Index, [/B]Personal Income & Consumption, Speech from ECB’s Lane. [URL='https://analysis.hfm.com/wp-content/uploads/2022/05/2022-05-27_09-12-43.png'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/05/2022-05-27_09-12-43.png[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]NZDUSD[/B] (+0.51%) gave up yesterday’s declines to 0.6450 and retook [B]0.6500 [/B]today, trades at [B]0.6512[/B] (16-day high). MAs aligning higher, MACD histogram positive & holds 0 line, RSI 65 & rising, H1 ATR 0.0010, Daily ATR 0.0077. [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] Click [url=https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html][b]HERE[/b][/url] to access the full HotForex Economic calendar. 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. Click [url=https://www.hotforex.com/en/trading-tools/trading-webinars.html][b]HERE[/b][/url] to register for FREE! [url=https://analysis.hotforex.com/][b]Click HERE to READ more Market news.[/b][/url] [b] Stuart Cowell HF Market Analyst HFMarkets 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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