Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Advertisements
Advertisements
HFMarkets (hfm.com): New market analysis services.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="HFM, post: 213271, member: 32345"] [B]Date : 22nd September 2022. Market Update – September 22.[/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]extended gains to[B] 111.51,[/B] as the FOMC boosted rates by 75 bps, but it was a much more hawkish result than that. The SEP revisions were the focus and they did not disappoint, with the[B] dots coming in much higher than expected,[/B] [B]steepening the near-term trajectory[/B] and concluding with a[B] higher than previously forecast terminal rate[/B]. Chair Powell also stated the policy path the Fed actually takes will be enough to get the job done. [*][B]Yields[/B]: 2-year finally climbed through 4% to close at 4.03%, the first time with that handle since [B]October 2007.[/B] The 10-year was 5 bps richer at 3.510% after surging to 3.624% just after the Fed’s release. [*][B]EUR[/B] – lingering at 0.9820. [*][B]JPY[/B] – lifted to 145.44, as Kuroda’s warning on the Yen may help to limit the move higher as it leaves markets speculating about direct intervention in forex markets, although most expect Japan to try and enlist support from the US and shy away from going it alone. [*][B]GBP –[/B] dipped to 1.1220. [*][B]Stocks [/B]in the red with losses of -1.79% on the [B]US100,[/B] and -1.7% on the US30 and US500. [B]GER40[/B] and [B]UK100[/B] futures meanwhile are down -1.6% and -0.8% respectively. [*][B]USOil – [/B]at $83.00[B],[/B] as supply concerns are counterbalanced by speculation that aggressive central bank action will hit the recovery. [/LIST] [B][U]Overnight[/U] – [/B]BoJ will continue with the easy policy settings until the 2% inflation goal is met, adding that the bank won’t hesitate to ease policy settings further if needed. FOMC boosted the rate band 75 bps as expected, from 3.0% to 3.50%. This makes a total of [B]300 bps in rate increases to the highest since 2008.[/B] And more hikes are on the way as the policy statement reiterated that the Committee “anticipates that ongoing increases in the target range will be appropriate.” Additionally, the dot plot showed a median funds rate at 4.4% for the end of 2022, or about 125 bps of hikes from here, keeping another 75 bp increase on the table. [B]The median rate is at 4.6% for the end of 2023[/B]. The vote was unanimous. This is a hawkish 75 bp hike, and it’s a higher for longer stance through 2023. [B][U]Today[/U] –[/B] The SNB delivers 75 bp hike as expected. Hence focus turns to BOE announcement and US jobless claims. [URL='https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-22_09-59-35.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-22_09-59-35.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]CHFJPY [/B](+1.03%) MAs aligning higher, MACD histogram & signal line turned positive and rising. RSI 78, H1 ATR 0.471, Daily ATR 1.599. [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 : 23rd September 2022. Market Update – September 23.[/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 – [/B]holds above [B]111.[/B] [*][B]Yields[/B]: 10-year surged 18 bps to hit 3.71% but finished at 3.69%. 2-year was 9 bps higher at 4.15% before easing off. It was an 11th straight session of losses, the longest on record (data going back to 1976), according to Bloomberg. The 10-year has sagged for 13 consecutive days. The curve inverted to -54 bps early on before rising to -42 bps late in the day. [*][B]EUR[/B] – broke below 0.9800. [*][B]JPY[/B] – remained supported after officials stepped in and intervened on forex markets yesterday. USDJPY is at 142.20. [*][B]GBP –[/B] remains in the doldrums with Cable at 1.1200. [*][B]Stocks [/B]were mired in the red, at 2 year lows, with weakness in consumer discretionary and financials. Some bargain hunting lifted the indexes off of their lows and saw the [B]US30[/B] edge fractionally higher temporarily, but dropped at the close to finish down -0.35%. The [B]US100[/B] lost -1.37%, and the [B]US500[/B] was off -0.85%. [*][B]USOil – [/B]hovering at 80-82 area. [/LIST] [B][U]Overnight[/U] –[/B]Globally hot inflation rates have resulted in historically tough action from nearly every central bank around the world this week and over the month. Over the past 24 hours there has been a total of 250 bps in rate increases. Many emerging market central banks have been in action too, forced to keep pace with the Fed and to defend their currencies. South Africa lifted rates 75 bps, with Indonesia and the Philippines hiking 50 bps. The BoJ remained the odd man out, though it intervened in the currency market to support JPY. While the FOMC’s 75 bp hike was expected, the upward revisions in the dots to a 4.6% estimate for the terminal rate, and Chair Powell’s hawkish stance, caused much of the repricing in the markets. Additionally, Powell’s warning that there will be further pain in the housing market and that the risks for recession were on the rise exacerbated investor angst. That and the rise in yields knocked mega-tech sharply lower. Nevertheless, many doubt the FOMC will carry through with its projected policy path, while some found buying opportunities amid the downdraft in stocks. [B][U]Today[/U] –[/B] Preliminary PMIs from UK, Germany, EU, and US alongside Canadian Retail Sales and Fed’s Chair Powell. [URL='https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-23_11-09-36.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/09/2022-09-23_11-09-36.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]GBPUSD [/B](-0.63%) MAs aligning lower, MACD histogram & signal lines extend well below 0, RSI 30.62, H1 ATR 0.00175, Daily ATR 0.01282. [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]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…