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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 209545, member: 32345"] [b]Date : 15th June 2022. Market Update – June 15.[/b] [URL='https://analysis.hfm.com/wp-content/uploads/2022/05/FED-US.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/05/FED-US-696x364.jpg[/IMG][/URL] [B]USD[/B] down ([B]USDIndex[/B] 104.70), [B]Stocks[/B] mixed ([B]NASDAQ[/B] +0.18%, Dow -0.5% & S&P -0.38%). A boost to [B]Australia’s minimum wage[/B] and [B]RBA[/B] pledge to do what is necessary to meet the inflation target fueled the jump in yields. Expectations are now for 50 bp hikes in July as well as September and Australia’s curve shifted more than 20 bp higher today. – [B]Yields [/B]extended higher as dip buyers have thrown in the towel for now, leaving sellers in control as the market adjusts to the potential for a very hawkish FOMC. (US 5yr & 7yr rates up to 3.606% and 3.59%, 2yr at 3.43%). [B]US PPI increased 0.8% in May and the core rose 0.5% – bearish for the markets[/B]. [B]ECB to hold emergency meeting[/B] “to discuss current market conditions”. A Bloomberg source story yesterday suggested that the ECB remains tight lipped on new plan to keep spreads in. [LIST] [*][B]USDIndex[/B] pulled back to 104.78. [*][B]Υields have extended higher, [/B]at the highest rates in well over a decade. The 10-year cheapened over 12 bp to 3.488%, not seen since the spring of 2011. [*][B]Equities[/B] – Nikkei and ASX lost a further 0.9% and 1.3% respectively. Hang Seng and CSI 300 are currently up 1.6% and 2.7%. [*][B][URL='https://www.reuters.com/markets/commodities/oil-bounces-around-tight-supply-offsets-china-recession-fears-2022-06-14/']Oil[/URL][/B] drifted to[B] 116.55[/B] before settling at [B]119.58 [/B]– amid FED and [URL='https://www.reuters.com/markets/commodities/oil-bounces-around-tight-supply-offsets-china-recession-fears-2022-06-14/']reports that US[/URL] Senate Finance Committee chair Ron Wyden plans to introduce legislation setting a 21% surtax on oil company profits considered excessive. [*][B]Golds near its lowest area in a month, now at $1,820.[/B] [*][B]Bitcoin [/B]steady above $20K. [*][B]BOJ[/B] offers to buy unlimited sum of JGBs with 7 years left until maturity. [*][B]FX markets[/B] – [B]EURUSD [/B]rebounded to 1.0498 from 1.0396, [B]USDJPY [/B]back below 135 zone,[B] Cable[/B] settled at 1.2040. [/LIST] [B]Today –[/B] The focus will be on the ECB meeting but also on the dot plot and the terminal rate, as well as how Chair Powell assesses the outlooks of inflation, growth, and the labor market. [URL='https://analysis.hfm.com/wp-content/uploads/2022/06/2022-06-15_10-42-33.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/06/2022-06-15_10-42-33.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]USDIndex [/B](-0.35%) down to 50-hour SMA, 104.72. Intraday, MAs aligned lower, MACD histogram neutral, RSI 41 & sloping. H1 ATR at 0.14 & Daily ATR at 0.79. [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] Andria Pichidi 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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