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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 209724, member: 32345"] [b]Date : 21st June 2022. Market Update – Stocks & Yields Lift for Summer Solstice.[/b] [URL='https://analysis.hfm.com/wp-content/uploads/2018/11/eu_update_pic_nov18-1.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2018/11/eu_update_pic_nov18-1-696x391.jpg[/IMG][/URL] [B]USD[/B] holds at highs ([B]USDIndex[/B] 104.16), [B]Stocks[/B] closed higher in Europe ([B]DAX[/B] +1.01%, [B]FTSE100[/B] +1.50%) & Asian shares opened over 1% higher and closed positively ([B]Nikkei[/B] +2.09%) US Futures +1.15%. [B]Yields [/B]rallied (US 10yr 3.2976%). [B]Oil[/B] ticks 2% higher, lifting [B]CAD[/B] pairs, after Fridays sell-off and [B]Gold[/B] & [B]BTC[/B] slide sideways. [B]Yellen[/B] talks of a “price cap” and “tax” for Russian oil exports and a tax “holiday” for gasoline in US to ease inflation. ([B]Ruble[/B] @ 15 mth high). Japan PM [B]Kishida & [/B]FM[B] Suzuki:[/B] Rapid yen weakening is a source of concern. RBA’s [B]Lowe[/B] rates need to go higher in low unemployment high inflation Australia. [B]Week Ahead[/B] – Will be dominated by Central Bank Speak topped by FED Chair [B]Powell’s [/B] 2-day testimony to Congress. CPI & PMI data also due this week. [LIST] [*][B]USDIndex[/B] tested 104.00 on Monday and holds at 104.15 today. [*][B]Equities[/B] – [B]USA500[/B] closed yesterday (Friday [B]3674)[/B], US500FUTS at [B]3725 [/B]now. [*][B]Yields[/B] 10-year yield higher , trades at [B]3.29%[/B] now. [*][B]Oil & Gold [/B]had mixed sessions – [B]USOil[/B] recovered over 2% to trade at $110.20. [B]Gold[/B] could not hold $1840 and trades at $1835 now. [*][B]Bitcoin [/B]pivots off $20K, to test $21K now. [*][B]FX markets[/B] – [B]EURUSD [/B]holds at 1.0525, [B]USDJPY [/B]holds over 135.00 zone shy of 24-yr high 135.50 and[B] Cable[/B] trades up 20 pips to 1.2260. [/LIST] [B]Overnight – [/B]Goldman Sachs – US recession in the next year, @30% (was 15%) [HEADING=2][/HEADING] [B]Today – [/B]Canadian Retail Sales, US Existing Home Sales, New Zealand Trade Balance, Speeches from ECB’s Rehn, Fed’s Barkin & Mester. [URL='https://analysis.hfm.com/wp-content/uploads/2022/06/2022-06-21_09-52-08.png'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/06/2022-06-21_09-52-08.png[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]CADJPY[/B] (+0.30%). Continues to move higher from 101.65 test on Thursday to 104.50, as Oil recovers from sell-off. Next key resistance 104.75 & 105.00. MAs aligning higher, MACD histogram positive & turning higher, RSI 71 ,OB but still rising, H1 ATR 0.139, Daily ATR 1.343. [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.hfm.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.hfm.com/en/trading-tools/trading-webinars.html][b]HERE[/b][/url] to register for FREE! [url=https://analysis.hfm.com/][b]Click HERE to READ more Market news.[/b][/url] [b] Stuart Cowell Head 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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