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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 212541, member: 32345"] [B]Date : 2nd September 2022. Market Update – September 2 – USD Holds at Highs, Stocks stem losses.[/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] [LIST] [*][B]USDIndex – [/B]spiked to 109.95 highs yesterday and holds the BID @109.50 now. A strong NFP could lift the USD even higher. A weak number could prick the USD bubble from 20-yr highs. Strong Weekly Claims and PMI’s added to USD demand. Fed Fund Futures now at 74%/26% for 75bp vs. 50 bp at next Fed meeting. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-02_08-37-50-1.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-02_08-37-50-1.jpg[/IMG][/URL] [LIST] [*][B]EUR[/B] – [B]ECB[/B] action expected next week, but EUR remains under [B]Parity[/B] lows of 0.9910, trades at 0.9970 now. [*][B]JPY[/B] rallies again (new 24 yr highs) broke [B]140.00 [/B]& holds at 140.30 BOJ holding accommodative policy line, & yield differentials driving trend. [*][B]GBP [/B]new multi-year lows under [B]1.1500 [/B]yesterday, back to 1.1550 now. New PM next week. [*][B]Stocks[/B] US stocks halted 4-day slide ([B]S&P500 3966). Nvidia [/B]-7.67%, [B]AMD [/B]-3% weighed again. Futs. flat at 3968 now. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-02_09-12-07.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-02_09-12-07.jpg[/IMG][/URL] [LIST] [*][B]Oil[/B] down again on weak outlook, lows at $86.25 and trades at $88.20 now. [*][B]Gold[/B] – also down under [B]$1700[/B] to $1688 lows, back to $1702 now. [*][B]BTC – [/B]recovers [B]20k[/B] again today, from 19.5k lows yesterday. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-02_08-58-01.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-02_08-58-01.jpg[/IMG][/URL] [B]Overnight – NZD [/B]Trade Balance missed (-2.4% vs 0.6%) [B]German[/B] Trade Balance better than expected (see below). [URL='https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-02_09-23-13.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-02_09-23-13.jpg[/IMG][/URL] [B]Today – US NFP[/B] & Factory Orders, EZ Producer Prices. [URL='https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-02_09-16-05.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-02_09-16-05.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]EURNZD [/B](+[B]0.68%[/B]). Continued to recover from weekly lows at 1.6185 on Tuesday to 1.6450 today, next resistance 1.6485. MAs aligning higher, MACD histogram positive & signal line rising, RSI 63.62, H1 ATR 0.00238, Daily ATR 0.01615. [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 : 5th September 2022. Market Update – September 5.[/b] [URL='https://analysis.hfm.com/wp-content/uploads/2022/06/BANKS-GOLD.png'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/06/BANKS-GOLD-696x364.png[/IMG][/URL] [LIST] [*][B]USDIndex – [/B]holds at 110.25 highs. Yields plunged after NFP and as the curve bull steepened. Asian markets struggled after Wall Street closed in negative territory following news that [B]Russia won’t be re-opening gas deliveries[/B] to Europe via Nord Stream 1 as scheduled. [*][B]EUR[/B] – 20-year lows – tumbled back below parity, today’s low at [B]0.9876[/B] as the standoff with Russia continues. [*][B]JPY [/B]holds at 140 area. [*][B]GBP[/B] fell to 1.1442, the weakest since March 1985. [*][B]Stocks – [/B]US closed for Labour Day today. [B]GER40[/B] & [B]UK100[/B] are down -3% and -1% respectively this morning, with recession concerns deepening. ASX and Nikkei closed narrowly mixed. Major stock markets are posting 1-month declines from nearly -2% [B](TSX)[/B] to over -8% ([B]NASDAQ[/B]). [*][B]Oil[/B] got a boost from the jump in gas prices as traders look ahead to the OPEC+ meeting. USOIL is at $88.45 from $85.70. [*][B]Gold[/B] – also down and within $1.50 of $1700 earlier, trades at $1707 now[B].[/B] [*][B]BTC – [/B]19.4K-20.5K. [/LIST] [B][U]Weekend[/U]– [/B]Gazprom announced on Friday that the main pipeline to Germany would remain closed indefinitely, against expectations of a restart on Saturday after three days of maintenance work. [B]Today – All eyes will be on the monetary policy decisions from the ECB, BoC, RBA. [/B]Final readings for Eurozone and UK Services and Composite PMs are due today. In the UK the Conservative Party is set to announce that Liz Truss won the leadership contest and will succeed Boris Johnson as the next Prime Minister for the UK. [URL='https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-05_10-12-34.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-05_10-12-34.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]EURUSD[/B](-[B]0.48%[/B]) found a near term support at 0.9877. MAs aligning lower, MACD lines extend southwards, RSI 38, H1 ATR 0.00199, Daily ATR 0.00996. [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] Andria Pichidi 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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