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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 210643, member: 32345"] [b]Date : 15th July 2022. Market Update – July 15.[/b] [URL='https://analysis.hfm.com/wp-content/uploads/2018/12/eu_update_1200x628-e1567669197104.png'][IMG]https://analysis.hfm.com/wp-content/uploads/2018/12/eu_update_1200x628-e1567669197104-696x339.png[/IMG][/URL] Trading Leveraged Products is risky [B]USD[/B] steady at 108.50, [B]Oil[/B] holds above 200 DMA, [B]Stocks and bonds[/B] weaker on [B]poor earnings news[/B] and [B]bearish spillover[/B] from [B]Europe[/B] on recession fears and [B]political turmoil,[/B] and dove on the initial [B]PPI[/B] print which kept the door open for a hefty 100 bp rate hike from the FOMC at the upcoming July 26-27 meeting. China bourses were under pressure after [B]weaker than expected data[/B] that included a 0.4% y/y rise in [B]GDP[/B], which clearly missed expectations for a 1.0% y/y rise. [URL='https://www.ft.com/content/363f5364-1848-4f93-a4f5-000891c5cbb0'][B]Equity Market:[/B] JPMorgan and Morgan Stanley[/URL] missed earning forecasts. Net income at both lenders fell nearly 30% in the second quarter as work on IPOs and SPACs dried up. It was the first earnings miss from either JPMorgan — the largest US lender by assets and an industry bellwether — or [URL='https://www.ft.com/stream/4169dc7c-0429-4bb6-855f-9cfb4353606b']Morgan Stanley[/URL] since the start of 2020. [URL='https://www.bloomberg.com/quote/9988:HK'][B]Alibaba Group Holding Ltd.[/B][/URL] dragged Chinese tech shares lower as concerns about a crackdown on the sector resurfaced after company executives were reported to be facing an [URL='https://www.bloomberg.com/news/articles/2022-07-14/alibaba-faces-china-inquiry-over-data-theft-wsj-says']inquiry[/URL] linked to the theft of a vast police database. [LIST] [*][B]USDIndex [/B]garnered strong early support and rose to [B]29[/B]on diverging central bank stances and political uncertainties before drifting to [B]108.55.[/B] [*][B]Yields[/B]: the 10-year was 2.8 bps higher at 2.961%, versus a 3.02% intraday peak. [*][B]Stocks: [/B]In China, fresh worries of regulatory pressure are adding to a decline in tech stocks. The [B]ASX [/B]also struggled and corrected -0.7%, but the [B]Nikkei[/B] found a footing and lifted 0.5%, with the [B]GER40[/B] gaining nearly 1%, the [B]UK100[/B]4%, and a 0.2% rise in the [B]USA100[/B]. [*][B]USOIL [/B]traded at $95.50 holding above 200-day SMA. [*][B]Gold [/B]near 5th consecutive weekly loss. Currently down to $1,704.73. [*][B]FX Markets: EURUSD [/B]slumped below parity to [B]9952[/B]before it bounced to [B]1.0023[/B],[B] USDJPY[/B] is still at a very high level at [B]138.70[/B], Cable at [B]1.1820[/B]. [*][B]Today –[/B]US Retail Sales. [B]Earnings[/B]: UnitedHealth Group, Wells Fargo, BlackRock, Citigroup etc. [*] [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-15_10-57-36.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-15_10-57-36.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]CHFJPY[/B] (+0.56%) breached 141.66. MAs aligned higher, MACD histogram & signal line extend further northwards, RSI above 70 but falling. H1 ATR 0.212, Daily ATR 1.404. [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] 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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