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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 212689, member: 32345"] [B]Date : 6th September 2022. Market Update – September 6 – Eyes on the deepening EU energy crisis.[/B] [IMG]https://analysis.hfm.com/wp-content/uploads/2020/08/daily-market-update.png[/IMG] Trading Leveraged Products is risky [B]*[/B]USDIndex – pulled back to 109.60 but still highlighting that the USD remains the haven asset of choice for now. Yields are on the rise again and stocks are struggling as the US returns from the holiday and markets keep a close eye on the deepening energy crisis in Europe and China’s Covid situation as the ECB meeting on Thursday comes into view. US 10-year rate at 3.24% 5.3 bp higher than on Friday. [B]*[/B]EUR – weaker than expected German orders numbers at the start of the session, only added to signs that Europe is heading for a recession but EUR trades at 0.9957 now. [B]*[/B]JPY remained under pressure and USDJPY lifted to 24-year highs at 141.20. [B]*[/B]GBP at 1.1587 after on Monday near its weakest level in decades in a sign of faltering investor sentiment in UK markets as Liz Truss prepares to take the reins as prime minister. [B]*[/B]AUD -RBA raised rates by 50 bp and signalled further rate hikes to come but noted that it is not on a pre-set path. AUDUSD is below 0.68 following a spike to 0.6832. [B]*[/B]Stocks – GER40 & UK100 futures are down -0.2% and -0.3% respectively. Asian markets traded narrowly mixed. [B]*[/B]Oil at $88.75. OPEC+ announced an output cut of 100K barrels per day and amid signs that a revival of Iran’s nuclear deal has run into difficulties. [B]*[/B]Gold – rose to $1726.80. [B]Overnight – [/B]RBA raised rates by 50 bp & weaker than expected German factory orders. [B]Today - [/B]UK Industrial and Manufacturing Production and Trade Balance, US ISM Services PMI. [IMG]https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-06_10-00-51.jpg[/IMG] [B]Biggest FX Mover[/B] @ (06:30 GMT) GBPJPY(+1.14%). Spiked to 1-month peak at 163.80. MAs aligning higher, MACD histogram positive & signal line rising, RSI 83, H1 ATR 0.3130, Daily ATR 1.28. [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. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [b]Date : 7th September 2022. Market Update – September 7 – King Dollar; Yen crushed.[/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 [LIST] [*][B]USDIndex – remains above[/B] 110 and the ongoing strength of the dollar, fueled by aggressive Fed hikes and the firm push back against inflation continues to weigh on stock markets, as traders assess recession risks amid Europe the escalating energy crisis in Europe. [*][B]Bonds[/B] sold off hard with [B]yields[/B] surging double digits and [B]Wall Street stumbled[/B] amid renewed concerns over inflation, the [B]FOMC’s[/B] [B]hawkish[/B] response, and the concomitant threat to growth – amid a deluge of corporate debt offerings and as ISM services index increase to 56.9 further presser yields higher. [*][B][URL='https://finance.yahoo.com/news/treasury-yields-jump-corporate-bond-210001483.html']20 companies slated bond offerings[/URL] totaling an estimated $30 billion to $40 billion.[/B] [*][B]EUR[/B] – break [B]0.9900[/B] area than expected German orders numbers at the start of the session, only added to signs that Europe is heading for a recession but EUR trades at 0.9957 now. – [B]German industrial production contracted[/B] – less than feared and at the same time the June number was revised up. [*][B]JPY[/B] crushed! [B]USDJPY[/B] at 144.35. [*][B]GBP[/B] – [B]1.1490[/B]. Eyes to parliamentary testimony from the Bank of England governor. [*][B]Stocks – [/B]Asian stocks fell to 2-year low on the back of disappointing Chinese trade number (China’s exports slowed in August). [B]US100[/B] fell -0.74% and the [B]US30[/B] and [B]US500[/B] slid -0.55% and -0.41%, respectively. [*][B]Oil[/B] at [B]$85.60[/B] [*][B]Gold[/B] – extends for a 2nd day below [B]$1700[/B] [/LIST] [B]Corporate bond update: there has been a flood of issuance[/B] to kick off September. It looks like corporations are jumping in while the going still looks relatively good and before rates go up further. Nestle plans a hefty 5-part sale with 3-, 5-, 7-, 10-, and 30-year coupons. Walmart announced a $5 bln 4-part deal to include a $1.75 bln 3-year, a $1 bln 5-year, a $1.25 bln 10-year and a $1 bln 30-year. Lowe’s plans a $4.75 bln 4-tranche deal with 3-, 10-, 30-, and 40-year tranches. MUFG has a $4.4 bln 4-parter including 3NC2 fixed and FRN, a 6NC5, and an 11NC10. John Deere Capital is selling $2.25 bln in 3-, 5-, and 10-year notes. There is a $2.3 bln 4-parter from Dollar General with 2-, 4-, 10-, and 30-year tranches. McDonald’s announced a $1.5 bln 10- and 30-year. Target has a $1 bln 10-year. ORIX has a $1 bln 2-oarter. And this is not even the full list. The explosion of offerings has added to the selling pressures on Treasuries. Rates are up double digits with the 10-year 15 bps cheaper at 3.34%. [B]Today –[/B] Attention will be on the [B]BOC’s[/B] rate decision and [B]BOE[/B] Monetary Policy Report Hearings along with [B]BOE Governor Bailey testimony.[/B] Of importance will be remarks from VC [B]Brainard, Michael Barr[/B] who will discuss financial systems. [B]Barkin[/B] and [B]Mester[/B] speak at an MIT event and the [B]US trade deficit[/B] will also be important for what it says about global activity. [URL='https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-07_10-54-32.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-07_10-54-32.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]CHFJPY [/B]([B]+0.97%[/B]) at record highs, 146.48. MAs aligning higher, MACD histogram positive & signal line rising, RSI 83, H1 ATR 0.284, Daily ATR 1.116. [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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