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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 211145, member: 32345"] [b]Date : 27th July 2022. Market Update – July 27 – Big Tech lifts the mood on Fed Day.[/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]USDIndex [/B]ticked up to [B]107.00, [/B]as [B]EUR[/B] slipped over [B]1% [/B]before recovering following the Russian announcement of further cuts to European gas supplies. [B]FX markets[/B] subdued ahead of FED later today. [B]US Stocks [/B]declined ([B]NASDAQ [/B]-1.87%), [B]Walmart[/B] -7.6% (profits warning) [B]Coinbase [/B]-21%[B] AMZN[/B] -5.23% [B]Shopify [/B]-14%. However, after hours [B]GOOGL[/B] & [B]MSFT[/B] were up 5% & 4% after Earnings. [B]Unilever, Coke & McDonald’s[/B] all warned of higher prices. Asian markets mixed ([B]Hang Seng[/B] -1.2%, [B]Nikkei[/B] +0.23%). European FUTS higher. [B]Yields[/B] up again +0.56%, [I]but 2/10yr curve remains inverted. [/I][B]Oil[/B] holds $95, [B]Gold[/B] slipped to lower and [B]BTC[/B] holds under $22k. [LIST] [*][B]USDIndex[/B] up, to resistance at 107.00 – holds at 106.80. [*][B]Equities[/B] – [B]USA500[/B] closed -45.79 pts (-1.15%) ([B]3921)[/B], US500FUTS at [B]3957 [/B]now. [I]4th 8%+ rally of the year, previous 3 have resulted in lower lows..is the bottom in or is it a dead cat bounce? [/I] [*][B]Yields[/B] 10-year yield recovered to close at 2.787%, trades higher again at 2.8068% now. [*][B]Oil – [/B]in[B]–[/B]focus rallied to $98 on news from Russia, since declined to $95. [*][B]Gold[/B] had another weak session – $1727 to $1714, now up to $1718. [*][B]Bitcoin [/B]sank again to trade at $21.1K now. [*][B]FX Markets[/B] – [B]EURUSD [/B]remains pressured came within 7 pips of 1.0100 and trades at 1.0225, [B]USDJPY [/B]tests to 137.00 now. Cable holds over the key 1.2000, capped at 1.2080. [/LIST] Overnight[B] – AUD [/B]CPI in-line (21-yr high) at 1.8% & [B]German[/B] GfK missed -30.6 vs -27.7. [B]Today – [/B]US [B]Durable Goods[/B], [B]FOMC announceme[/B]nt and Chair [B]Powell’s[/B] press conference [B]Earnings[/B] from Airbus, BASF, Deutsche Bank, Equinor, BATS, GSK, Lloyds, Rio Tinto, Credit Suisse, [B]Meta[/B], T-Mobile, [B]Boeing[/B]. [URL='https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-27_09-56-44.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-27_09-56-44.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]AUDCAD [/B]([B]-0.30%[/B]). Rejected 0.8950 again earlier and tested to 0.8900 a key support. MAs aligned lower, MACD histogram negative & falling, RSI 38 & falling, H1 ATR 0.00127, Daily ATR 0.00697. [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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