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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 210875, member: 32345"] [b]Date : 21st July 2022. Market Update – July 21.[/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]USDIndex[/B] down to 106.62. [B]BoJ[/B] stuck to its ultra-accommodative policy stance. [B]Asian markets traded mixed.[/B] European and US futures are higher now after paring earlier losses in the wake of reports that the Nordstream 1 pipeline was re-opened as planned. (NASDAQ +1.58%). [B]European[/B] markets will wait for the ECB and news on the new anti-fragmentation tool, which may be needed quickly after Italian[B] PM Draghi lost the confidence vote yesterday[/B], with three of his coalition partners withdrawing support. Draghi is likely to resign this morning. [B]Earnings:[/B] Tesla reported adjusted earnings of $2.27 per share on $16.93 billion in revenue in Q2 2022 [B](+42% revenue).[/B] Automotive margins decreased from last quarter and a year ago, impacted by inflation and more competition for EV components. [B]Shares of Alcoa and CSX[/B] jumped in extended trading after the companies beat expectations. [B]United Airlines (-6% stock price)[/B] reported that it returned to profitability during the second quarter, but results came in below expectations. Shares of [B]Carnival[/B] were under pressure after the cruise company announced that it was selling an additional $1 billion of stock. [B]ECB Preview:[/B] There is a lot riding on today’s ECB meeting, where Lagarde is not just expected to finally lift rates, but also to unveil details of a new “Transmission Protection Mechanism”. There were source stories this week confirming what the minutes to the last meeting and comments since then have made pretty clear, namely that the hawks at the council will be pushing for a 50 bp move. [LIST] [*][B]USDIndex[/B] has dropped to [B]106.62[/B]. [*][B]Equities[/B] – [B]USA100 [/B]climbed [B]1.58%, while the USA500 and USA30 rose 0.59% and 0.15%, respectively.[/B] [B]Nikkei[/B] and [B]ASX[/B] managed gains of 0.37% and 0.5% respectively. [*][B]Yields[/B] 10-year Treasury yield meanwhile is up 2.6 bp at 3.05%. [*][B]Oil[/B] consolidating between [B][B]$98-$100. [/B][/B]US crude stocks dip, gasoline builds as demand slackens – EIA, Libya’s NOC say production resumes at several oilfields. Canada Keystone export pipeline at reduced rates for third day. [*][B]Gold [/B]drifts at [B]$1685.[/B] [*][B]FX Markets[/B] – [B]EURUSD [/B]got a boost from news of gas deliveries to 1.0230. [B]USDJPY[/B] has lifted to 138.62. Cable at 1.1960. [B]NZD[/B] is looking weak. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-21_10-33-48.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-21_10-33-48.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]EURGBP [/B](+0.56[B]%[/B]) retests 3-day high at 0.8540. MAs aligned higher, MACD histogram & signal line at 0, RSI 61 and rising. [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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