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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 212152, member: 32345"] [b]Date : 25th August 2022. Market Update – August 25 – USD Slips, Stocks Gain – Jackson Hole Ahead.[/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] [LIST] [*][B]USDIndex – another volatile day – [/B]down from [B]109.00 [/B]declined to [B]108.20 [/B]after mixed Durable Goods & more Housing Data. – [B]Jackson Hole in focus. [/B] [*][B]EUR[/B] – Remains weighed by energy crisis and record high GAS prices. German GDP helps a lift back to [B]1.000, [/B]but in 4th day below this key level. [*][B]JPY[/B] holds between [B]137.00 & 136.00 [/B]having failed to breach [B]137.00[/B] yesterday. [*][B]GBP [/B]also weighed by energy crisis & widening strike action.Trades at [B]1.1850 [/B]with[B] 1.1800 [/B]now support. [*][B]Stocks[/B] US stocks gained into close. ([B]S&P500 +[/B]12.00pts (+0.3%)[B] 4140) – [/B]Biggest movers – Peloton & BBBY ([B]+20 & +18%) ; [/B]Revlon & Nordstrom[B] (-11% & –20%). [/B]Nvidia[B] -4.56% [/B]after hours following Earnings miss. [*][B]Oil[/B] continued to rally, more chatter of OPEC+ production cuts, BP closing refineries due to fires and a big fall in inventories. Up [B]0.5%[/B] over [B]$95[/B] to [B]$95.60[/B]. [*][B]Gold[/B] – bounced from support at[B] $1736[/B] and [B]$1745 [/B]and trades at [B]$1758.[/B] [*][B]BTC – [/B]over [B]21-21.5K [/B]range at [B]21.6k[/B]. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/08/2022-08-25_08-48-21.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/08/2022-08-25_08-48-21.jpg[/IMG][/URL] [B]Overnight – [/B]Asian equity markets recovered after nine days lower, European FUTS also higher. [B]NZD[/B] Retail Sales miss significantly (-2.3% vs. 1.7%), [B]JPY[/B] SPPI misses (2.1% vs. 2.2%) [B]German[/B] Final Q2 GDP a tick better at (0.1% vs. 0.0%). [URL='https://analysis.hfm.com/wp-content/uploads/2022/08/2022-08-25_09-08-42.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/08/2022-08-25_09-08-42.jpg[/IMG][/URL] [B]Today –[/B] German Ifo, [B]US GDP[/B] (2nd), PCE Prices Prelim, [B]Jackson Hole Symposium[/B], ECB, CBRT & Banxico Minutes. [URL='https://analysis.hfm.com/wp-content/uploads/2022/08/2022-08-25_09-42-58.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/08/2022-08-25_09-42-58.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]AUDUSD [/B](+[B]0.88%[/B]). Rally from 0.6850 & 0.6900 support continues, trades at 0.6975 now. MAs aligning higher, MACD histogram positive & signal line rising, RSI 73.60 OB & rising, H1 ATR 0.00137, Daily ATR 0.00823. [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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