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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 209866, member: 32345"] [B]Date : 23rd June 2022. Market Update – June 23 – USD & Yields slip, Oil down post Powell.[/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] slips from highs ([B]USDIndex[/B] 103.80), [B]Stocks[/B] closed flat ([B]NASDAQ & DJIA[/B] -0.15%) [B]Yields[/B] tanked (-4%) after Powell said FED were [B]“strongly committed”[/B] to the inflation fight and that recession was [B]“certainly possible”.[/B] Asian shares mixed ([B]Hang Seng[/B] +1.64%, [B]Nikkei[/B] +0.8%, Kospi -0.7%) [B]Oil[/B] slumped another [B]-2% [/B]and [B]Gold[/B] & [B]BTC[/B] slide sideways. [B]Biden [/B]announced tax reprieve on gasoline[B], [/B]but is under increasing political pressure,[B] Johnson [/B]faces two more by-election defeats today & national rail strikes on-going, (6th Anniversary of Brexit vote) and[B] Scholz [/B]fears gas line shutdown and unable to speak with [B]Putin.[/B] [B]USDJPY[/B] cooled from new 24-year high as [B]JPY [/B]outperformed in Asian session. [LIST] [*][B]USDIndex[/B] tested 103.60 yesterday before recovering to 104.00 now. [*][B]Equities[/B] – [B]USA500[/B] closed -4.9 ([B]3759)[/B], US500FUTS lower at [B]3756 [/B]now. [*][B]Yields[/B] 10-year yield higher, closed down -479% at [B]3.156%[/B] , trades at 3.18% now. [*][B]Oil & Gold [/B]had mixed sessions – [B]USOil[/B] slumped 2.2% to trade under $102 yesterday following Biden & Powell, back to $104.80 now. [B]Gold[/B] spiked to $1845 and trades at $1834 now on weaker Yields and USD. [*][B]Bitcoin [/B]continues to pivot around [B]$20K,[/B] trades at $20.5K now. [*][B]FX markets[/B] – [B]EURUSD [/B]tested 106.00 yesterday back to 1.0560, [B]USDJPY [/B]cooled from [B]136.71[/B] yesterday to test 135.00 earlier & back to 135.83 now. [B]Cable[/B] trades down to 1.2230 now from rally to 1.2330 yesterday . [/LIST] Overnight[B] – Japanese Manu PMI [/B] – miss (52.7 vs 53.5) [B]UK Public sector borrowing[/B] hit [B]£14bn[/B] last month, the third-highest May since 1993, and worse than the expected £11.6bn. [B]Today – [/B]EZ, UK & US Flash PMIs, US Initial Claims, Policy Announcements from Norges Bank, CBRT & Banxico, US Bank Stress Test Results, Fed’s Chair [B]Powell[/B] Speaks at the House Finance Committee. [URL='https://analysis.hfm.com/wp-content/uploads/2022/06/2022-06-23_09-53-33.png'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/06/2022-06-23_09-53-33.png[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]AUDJPY[/B] (-0.68%). JPY out performs today with safe haven bid. Rallied from 93.20 earlier to 93.70, next resistance the significant 94.00. MAs aligning higher, MACD histogram negative & still turning lower, RSI 42.45, and rising, H1 ATR 0.278, Daily ATR 1.49. [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 HFM 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. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [b]Date : 24th June 2022. Market Update – June 24 – USD & Yields slips, Stocks tick higher.[/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] slips from highs ([B]USDIndex[/B] 104.00), [B]Stocks[/B] closed higher ([B]NASDAQ [/B]+1.62%) [B]Yields[/B] slipped again (-1.66%) after no new news from Powell. Asian shares stronger ([B]Hang Seng[/B] +2.24%, [B]Nikkei[/B] +1.23%) [B]Oil[/B] holds at lows, [B]Gold[/B] dipped & [B]BTC[/B] picked up. Ukraine gained EU candidacy status. UK PM Johnson’s Conservatives lost the two by-elections, triggering resignation of Party Chairman Dowden. European Futs +1.0%. [B]USDJPY[/B] cooled further as [B]NZD & AUD [/B]outperformed in Asian session. [LIST] [*][B]USDIndex[/B] tested 104.50 yesterday before slipping back to 104.00 now. [*][B]Equities[/B] – [B]USA500[/B] closed +35 ([B]3795)[/B], US500FUTS higher at [B]3824 [/B]now. [*][B]Yields[/B] 10-year yield lower, closed down at [B]3.133%[/B] , trades at 3.018% now. [*][B]Oil & Gold [/B]had mixed sessions – [B]USOil[/B] rallied to $106.80 before slipping back to $104.50 now. [B]Gold[/B] spiked to $1845 again but trades at $1822 now on weaker Yields and USD. [*][B]Bitcoin [/B]continues to pivot around [B]$20K,[/B] trades at $20.7k now from a test of 21k. [*][B]FX Markets[/B] – [B]EURUSD [/B]tested 1.0500 yesterday now back to 1.0536, [B]USDJPY [/B]cooled again to 134.60 now. [B]Cable[/B] trades at 1.2270 now, from lows at 1.2170 yesterday, despite by-election results and weak Retail Sales data, UK recession risks are stacking up. [/LIST] Overnight[B] – Japanese Core CPI [/B]inline & unchanged (2.1%) [B]SPPI[/B] hotter (1.8%) [B]UK Retail Sales [/B] a tick better than expected (-0.5% vs -0.6%) but down significantly from 1.4% last month. [B]Today – [/B]German Ifo, US New Home Sales, Speeches from Fed’s Bullard & Daly, ECB’s de Cos, BoE’s Pill, [URL='https://analysis.hfm.com/wp-content/uploads/2022/06/2022-06-24_09-56-18.png'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/06/2022-06-24_09-56-18.png[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]NZDUSD [/B](+0.49%). NZD out performed today. Rallied from 0.62500 test yesterday to 0.6300 now and a key resistance. MAs aligning higher, MACD histogram positive & rising, RSI 56.58 & rising, H1 ATR 0.00127, Daily ATR 0.00843. [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 HFM 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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