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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 211610, member: 32345"] [B]Date : 9th August 2022. Market Update – August 9 – USD & Stocks Dip.[/B] [URL='https://analysis.hfm.com/wp-content/uploads/2018/11/eu_update_pic_nov18-1.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2018/11/eu_update_pic_nov18-1-696x391.jpg[/IMG][/URL] [B]USDIndex [/B]slipped to test [B]106.00, [/B]before recovering to 106.20. [B]US Stocks [/B]opened positively but closed flat for the day[B]. NVDA –[/B]6.3%, [B]Novavax [/B]-5.01%, [B]AMC [/B]+8.03%, [B]GM[/B] +4.16%. Asian markets mixed ([B]Hang Seng[/B] flat, [B]Nikkei[/B] -0.88%). European FUTS also mixed. [B]Yields [/B]fell into close (10yr 2.7657%), [B]Oil[/B] bounces close to 2% to recoup the $90 handle, [B]Gold[/B] rallied over 1% from $1770 support and [B]BTC[/B] moved up to test key $24K area. [B]China[/B] [B]continues[/B] exercises around [B]Taiwan[/B] for 6th day, [B]Russia[/B] installs more troops around captured key [B]Ukrainian[/B] nuclear power plant, as [B]US[/B] promises Ukraine another $1 billion in military aid. [B]Week Ahead[/B] – Highlight of the week is [B]US CPI[/B] tomorrow which is expected to decline to 0.2% m/m and [B]8.7%[/B] y/y. [LIST] [*][B]USDIndex[/B] tested down to 106.00 after blockbuster NFP on Friday and holds 106.20 now. [B]AUD & NZD[/B] underperformed in Asian session. [*][B]Equities[/B] – [B]USA500[/B] closed flat -5.13pts (-0.12%) ([B]4140)[/B], tested & rejected 4175 resistance intraday. US500FUTS at [B]4144 [/B]now. 100 MA at 4100. [*][B]Yields[/B] 10-year yield fell into close as Treasuries eased with USD. The 2/10yr. yield curve moved as much as 44bp inverted yesterday. 10yr closed 2.765%, trades at 2.76% now. [*][B]Oil – [/B]rallied from 6-month lows under $87.00 again to test last weeks support at $90.70, holds at $90.00. [*][B]Gold – [/B]rallied from $1770, support to $1788 highs now. 20-day MA $1757. [*][B]Bitcoin [/B]surged to $24.2K Monday, before trading at $23.7k now. [*][B]FX Markets[/B] – [B]EURUSD [/B]back over [B]1.02000[/B], [B]USDJPY [/B]rejected 135.50 Monday back to [B]135.00[/B] now. [B]Cable[/B] tested up to 1.2130 back to 1.2080 support now. [/LIST] Overnight[B] – UK [/B]July Retail Sales beat (+1.6% vs. -1.3%), [B]AUD[/B] Consumer Confidence in line (-3%). [B]Today – [/B]EIA STEO, Supply from UK, Germany & US[B].[/B] [URL='https://analysis.hfm.com/wp-content/uploads/2022/08/2022-08-09_10-01-23.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/08/2022-08-09_10-01-23.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]EURAUD [/B]([B]+0.36%[/B]). Bounced from 1.4580 support on Monday after declining from 1.4775 highs on Friday. MAs aligning higher, MACD histogram negative but signal line rising, RSI 53.62 & rising, H1 ATR 0.00161, Daily ATR 0.0134. [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 : 10th August 2022. Market Update – August 10 – Dollar, Stocks & Yields Consolidate Ahead of CPI.[/b] [URL='https://analysis.hfm.com/wp-content/uploads/2019/11/inflation_1200x628_2.png'][IMG]https://analysis.hfm.com/wp-content/uploads/2019/11/inflation_1200x628_2-696x364.png[/IMG][/URL] [B]USDIndex [/B]slipped under [B]106.00, [/B]yesterday before again recovering to 106.20. [B]US Stocks [/B]traded lower all day – dragged down by Semiconductors[B] (NASDAQ [/B]-1.19%[B]). MUSK [/B]to sell another $6.9 bn worth of [B]TSLA[/B] stock (-2.44%). [B]Intel [/B]-2.43%, [B]NVDA [/B]-3.97%, [B]Roblox [/B]-3.17%, [B]OXY[/B] +3.95%. Asian markets lower too ([B]Hang Seng[/B] -2.45%, [B]Nikkei[/B] -0.68%). European FUTS also lower. [B]Yields [/B]rose into close +1.16% (10yr 2.797%), [B]Oil[/B] has declined back under the $90 handle, [B]Gold[/B] sank to $1788 support and [B]BTC[/B] has moved back $22.7K area. [B]Biden[/B] announces a $280bn investment in high tech to compete with China; [B]China[/B] maintains drills and firing around [B]Taiwan.[/B] [LIST] [*][B]USDIndex[/B] tested down to 105.80 but has recovered the 106.00-20 range today ahead of US CPI later. [B]AUD [/B]underperformed in Asian session. [*][B]Equities[/B] – [B]USA500[/B] closed down -17.59pts (-0.42%) ([B]4122)[/B], US500FUTS at [B]4118 [/B]now. 100 MA at 4100. [*][B]Yields[/B] 10-year yield rose into close as USD recovered. The 2/10yr. yield curve moved as much as 45bp inverted yesterday. 10yr trades down -0.25% at 2.79% now. [*][B]Oil – [/B]rallied to test 200-hr MA at $92.60 before declining to $89.60 now. [*][B]Gold – [/B]rallied & spiked to [B]$1800[/B] resistance before declining back to support at $1788 again. 20-day MA now $1761. [*][B]Bitcoin’s [/B]surge to $24.2K Monday; declined further today to $22.6 earlier, back to test $23k now. [*][B]FX Markets[/B] – [B]EURUSD [/B]holds over [B]1.02000[/B], at 1.0210, [B]USDJPY [/B]continues to pivots around [B]135.00 [/B]and [B]Cable[/B] does the same around 1.2080, in thin August markets. [/LIST] Overnight[B] – JPY [/B] PPI missed (8.6% vs 9.4%), [B]China[/B] CPI & PPI both weaker too (2.7% vs 2.9% & 4.2% vs 6.1%) respectively. [B]German [/B]CPI (Final) in line [I]0.9% m/m & 8.5% y/y.[/I] [B]Today – US CPI, [/B]Speeches from BoE’s Pill, Fed’s Evans & Kashkari. [B]Earnings[/B] from [B]Disney,[/B] Honda, Fox, Aviva, Evonik & E.ON. [URL='https://analysis.hfm.com/wp-content/uploads/2022/08/2022-08-10_09-20-23.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/08/2022-08-10_09-20-23.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]EURAUD [/B]([B]+0.29%[/B]). Continued its bounce from 1.4580 support on Monday after declining from 1.4775 highs on Friday. Testing 1.4700 zone now. MAs aligning higher, MACD histogram now positive & signal line rising, RSI 61.83 & rising, H1 ATR 0.00148, Daily ATR 0.0132. [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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