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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 213666, member: 32345"] [b]Date : 5th October 2022. Market Update – October 5 – Stocks Leap 3%, USD & Yields Sink.[/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]Sank and descended into [B]110.00 [/B]as USD and Yields slipped (US 10yr @3.61%). [B]JOLTS [/B]missed significantly (10.05m vs 11.24 last time), adding to hopes Fed may be on the cusp of moderating and possibly even ending rate hikes in coming months (the Fed Pivot). Stocks charged higher ([B]NASDAQ[/B]+3.34%). [B]The [/B]5.7%[B] start to Q4 2022 after two days is the best start to a new quarter since Q2 1938 [/B](+8.7%). [B]RBNZ[/B] confirmed expectations with a 50bp interest rate hike. [B]NZD[/B] rallied. [B]MUSK [/B]said[B] TWTR [/B](+22.4%) deal was back on at original $54.20 per share. [*][B]EUR[/B] – A weak USD saw EUR storm through [B]0.9900 [/B]and rally to Parity at[B] 1.0000. [/B]Trades at[B] 0.9967 [/B]now. [*][B]JPY[/B] – Reversed from [B]145.00[/B] to as low as 143.60 trades at [B]144.00 [/B]now. [*][B]GBP – [/B]Sterling continued to rally, despite more public disagreements within Government. [B]Cable[/B] stalled short of [B]1.1500 [/B]at 1.1490. Cable now trades at 1.1460. [*][B]Stocks –[/B] US stocks, leapt again, over 3%. [B]US500[/B] +112.50 (+3.06%) [B]3790. [/B]All sectors rallied significantly. Asian markets ahead, European futures flat ahead of open. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-05_09-08-44.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-05_09-08-44.jpg[/IMG][/URL] [LIST] [*][B]USOil[/B] rallied again to $86.60 (9% in 2-days) ahead of OPEC+ meetings today with production cuts now “up to 2.0 million barrels per day”. [*][B]Gold[/B] – spiked higher again holding the key [B]$1700[/B] and trades at $1725 now. [*][B]BTC – [/B]rallied over the key [B]$20k [/B]yesterday to $20.2k now. [/LIST] [B]Today –[/B] EZ, UK & US Final PMIs, US ISM Services, [B]ADP[/B], OPEC, Speeches from Fed’s Bostic & UK PM Truss. [URL='https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-05_09-18-39.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-05_09-18-39.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]NZDCHF [/B](+0.81%) Rallied from Monday’s low at 0.5500 to 0.5696 yesterday, remains resistance today. MAs now aligning higher, MACD histogram & signal line positive & rising, RSI 56.44 & rising, H1 ATR 0.00216, Daily ATR 0.84006. [B][URL='https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-05_09-54-20.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-05_09-54-20.jpg[/IMG][/URL] 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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