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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 211044, member: 32345"] [b]Date : 26th July 2022. Market Update – July 26 – On Hold Ahead of FED, Oil Rallies.[/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]ticked lower again but held over [B]106.00, [/B]ahead of the FOMC decision tomorrow.[B] FX markets[/B] subdued with a 75 bp hike fully priced in, however uncertainty weighs over guidance. [B]Russia[/B] will cut gas supplies to Europe from tomorrow. [B]US Stocks [/B]rallied into close after a weak day ([B]NASDAQ [/B]-0.43%), [B]Walmart[/B] fell -9% (after hours) following profit warning, [B]Newmont[/B] missed earnings -13%.[B] AMZN[/B] raised prices for Amazon Prime. [B]Alibaba[/B] cut back global expansion plans. Asian markets mixed ([B]Hang Seng[/B] +1.76%, [B]Nikkei[/B] -0.23%). European FUTS lower too. [B]Yields[/B] bounced to close up +1.67%. [B]Oil[/B] rallied $5/barrel to $98.00 after Russian announcement. [B]Gold[/B] remains under $1725 and [B]BTC[/B] under $22k. [B]Biden [/B]talked down a “recession” and called for more investment from Oil companies. [B]Week Ahead –[/B] [B]FED Rate Decision,[/B] [B]US GDP[/B] and [B]Earnings Season[/B] sees the technology giants ([B]APPL, AMZN & META[/B]) plus many more companies all reporting Q2 data. [LIST] [*][B]USDIndex[/B] up, support at 106.20 holds, & trades at 106.30 – the [B]Dallas & Chicago Fed indexes[/B] both slumped and remained in negative territory, another sign of recession. [*][B]Equities[/B] – [B]USA500[/B] closed +5.12 pts (0.13%) ([B]3966)[/B], US500FUTS at [B]3958 [/B]now. [B]4th 8%+ rally of the year, previous 3 have resulted in lower lows… [/B] [*][B]Yields[/B] 10-year yield recovered to close at 2.8%, trades lower again at 2.79% now. [*][B]Oil – [/B]in[B]–[/B]focus following tight supply and the announcement from Russia rallied over 5% from $93. [*][B]Gold [/B] had a volatile session from $1736 to $1714 to settle at $1724 once again. [*][B]Bitcoin sank from [/B]$21.8K yesterday down to $21k now. [*][B]FX Markets[/B] – [B]EURUSD [/B]remains pressured but rotates at 1.0225, [B]USDJPY [/B]down to test 136.00 yesterday; now 136.70. Cable breached the key 1.2000 last week, trades at 1.1990 now. [/LIST] Overnight[B] – JPY [/B]CPI & PPI – firmer & in-line at 1.6% & 2.0% respectively. [B]Today – [/B]US Monthly Home Prices, [B]US Consumer Confidence[/B], US Richmond Fed, IMF Short-term Forecasts, EU’s Energy Summit. [B]Earnings[/B] from [B]MSFT, GOOGL, Coca-Cola McDonald’s, UBS (missed), 3M, UPS, GE, Visa [/B] [URL='https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-26_09-57-48.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-26_09-57-48.jpg[/IMG][/URL] [B]Biggest Mover[/B] @ (06:30 GMT) [B]Copper [/B]([B]+2.37%[/B]). Rallied from 3.2460 lows last week to 3.4370 now, next resistance 3.4687 (20-day MA). MAs aligned higher, MACD histogram positive & rising, RSI 73 & OB zone, H1 ATR 0.0172, Daily ATR 0.1246. [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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