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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 211248, member: 32345"] [B]Date : 28th July 2022. Market Update – July 28 – Stocks & Treasuries rally, USD dives post FOMC.[/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]tanked over a whole big number to [B]106.00, [/B]from 107.25 as the FED raised interest rates [B]75bp[/B] (its 4th rise in 2022). Ongoing rises will be [B]“appropriate”[/B] and [B]“highly attentive”[/B] to inflation. However, Powell gave no notice as to whether 50bp or 75bp in September was appropriate*. [B]US Stocks [/B]rallied hard** ([B]NASDAQ [/B]+4.06%), betting on 50bp. [B]NVDA[/B]+7.60%, [B]AMZN[/B]+5.37%, [B]TSLA[/B]+6.17%. However, after hours [B]Meta [/B]+6.55% posted a 1% DECLINE in Revenue (the first in its history), shares dropped -4.65%. Asian markets mixed (1 million in Wuhan in lockdown again) ([B]Hang Seng[/B] -0.35%, [B]Nikkei[/B] +0.23%). European FUTS higher. [B]Yields[/B] up again +1.78%, [B]Oil[/B] rallied to $98, [B]Gold[/B] higher at $1740 and [B]BTC[/B] moved up to $23k. [B]Biden & Xi[/B] due to speak today, [B]Manchin[/B] (Dem. Senator holding up Biden’s climate Bill) backs down. [B]PBOC[/B] to pump $148bn to stabilize real estate sector. [URL='https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-28_09-39-56.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-28_09-39-56.jpg[/IMG][/URL] [URL='https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-28_09-11-50.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-28_09-11-50.jpg[/IMG][/URL] [LIST] [*][B]USDIndex[/B] weakens further to 105.92 now. [B]YEN[/B] outperforms in Asian session. [*][B]Equities[/B] – [B]USA500[/B] closed higher +102.56 pts (+2.62%) ([B]4023)[/B], US500FUTS at [B]34019 [/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 dived into close to 2.734%, recovered to 2.78% now. [*][B]Oil – [/B]in[B]–[/B]focus again as inventories had a 4.5m drawdown vs 1.5m, rallied to $98.90. [*][B]Gold – [/B]weaker USD helped lift the precious metal to $1740 highs currently from $1711 lows yesterday. [*][B]Bitcoin [/B]also rallied to trade at $23.1K now. [*][B]FX Markets[/B] – [B]EURUSD [/B]rallied from within 7 pips of 1.0100 yesterday to trade at 1.0227, [B]USDJPY [/B]dived under 135.30 now, from 137.50 yesterday. Cable broke resistance at 1.2080 to trade to 1.2180 now. [/LIST] Overnight[B] – NZD [/B]Business Confidence improves (-56.7 vs -62.6)[B] AUD [/B]Import Prices slip and Retail Sales miss significantly (0.2% vs 0.9%) [B]Today – [/B]German CPIs, US Q2 [B]GDP[/B] (Advance), Q2 [B]PCE. Earnings[/B] from [B]Barclays[/B], Anglo American, [B]Nestle[/B], EDF, L’Oréal, [B]Amazon, Apple, Intel[/B], and many more. [URL='https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-28_09-57-04.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-28_09-57-04.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]USDJPY [/B]([B]-0.87%[/B]). Rejected 137.50 yesterday and tested to 135.15 lows earlier. MAs aligned lower, MACD histogram negative & falling, RSI 31.55 & falling, H1 ATR 0.361, Daily ATR 1.225. [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 : 29th July 2022. Market Update – July 29 – Stocks up, USD lower on final trading day of the month.[/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]sinks again tanked to [B]105.75, [/B]from 106.80. The US is in a technical recession (2 consecutive quarters of contraction) after [B]Q2 GDP -0.9% [/B]& (Q1 -1.6%), and GDP Inflation rose to 8.7% from 8.0%) but Unemployment remains very low and job creation ([B]Claims[/B] fell to 256K from 261k) and wage growth are strong. [B]US Stocks [/B]rallied another 1%+ on expectations of slower rate hikes. [B]AMZN [/B]+1.08% & [B]APPL[/B]+0.36%, both beat Earnings after hours, shares were up 3% & 12%, respectively. [B]Meta [/B]-5.2% &[B] QCOM[/B] -4.54%. Asian markets mixed ([B]Hang Seng[/B] -2.02%, [B]Nikkei[/B] -0.03%). European FUTS higher. [B]Yields [/B]continue to see-saw, today -1.94%, [B]Oil[/B] under $97, [B]Gold[/B] breached $1760 and [B]BTC[/B] moved up to $24k. [B]Biden & Xi[/B] meeting skirted [B]Taiwan[/B] talk, [B]Ukrainian[/B] forces plan counterattacks in the South, [B]Russia[/B] shells Kiev. [LIST] [*][B]USDIndex[/B] weakens further to 105.45 now. [B]YEN[/B] outperforms again in Asian session. [*][B]Equities[/B] – [B]USA500[/B] closed higher +48.8 pts (+1.21%) ([B]4072)[/B], US500FUTS at [B]4105 [/B]now. [I]Bears being squeezed, 10 days north of 20-day MA. 4175 next key resistance [/I] [*][B]Yields[/B] 10-year yield dived into close 2.681%, down again to 2.67% now. [*][B]Oil – [/B]peaked at $99.80 yesterday down to test $96.00 before recovering to $97.00 now. [*][B]Gold – [/B]breached & broke key 20-day MA ($1745) and $1750. Trades at $1765 now. [*][B]Bitcoin [/B]also rallied on weaker USD to trade at $24.1K now. [*][B]FX Markets[/B] – [B]EURUSD [/B]rallied to test 1.0250 on EZ news, [B]USDJPY [/B]dived 1% under 133.00 to 132.75. Cable broke 1.2200 and trades at 1.2225. [/LIST] Overnight[B] – JPY [/B]Tokyo Inflation hotter, Retail Sales, Housing Starts & Consumer Confidence weaker, [B]AUD [/B]PPI inline, [B]French[/B] GDP better, [B]German[/B] Import Prices in line. [B]Today – [/B]German Flash GDP & Unemployment, EZ Flash CPI and Flash [B]Q2 GDP[/B], [B]US Jun PCE,[/B] US Chicago PMI, Canadian [B]GDP.[/B] [URL='https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-29_10-00-58.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/07/2022-07-29_10-00-58.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]USDJPY [/B]([B]-1.13%[/B]). Breached key technical level at 133.00 today and tests 132.50. MAs aligned lower, MACD histogram negative & falling, RSI 19.77, OS & falling, H1 ATR 0.365, Daily ATR 1.230. [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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