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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 213792, member: 32345"] [b]Date : 10th October 2022. Market Update – October 10 – Dollar Remains Bid, Stocks Weighed.[/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]Rallied again following strong NFP data (263k vs 250k & Unemployment falling to 3.5% from 3.7%) on Friday and expectations of no FED pivot any time soon and unified central bank action. Trades at [B]112.80. Yields[/B] are firmer and [B]stocks[/B] on the back foot. [B]US CPI[/B] key this week. [B]Putin[/B] reaction to Bridge attack potentially Nuclear, [B]Xi Ping[/B] looks to cement more power for another 10 years and [B]NK[/B] have simulated attacks on [B]SK[/B] – all under-mining sentiment. US moves to curb US chip technology to China hits Chinese hi-tech companies. [B]Asian[/B] (thin markets due to holidays and weak Chinese Service PMI data 49.3 vs 55.0) & [B]European[/B] stocks are lower following the very weak close ([B]NASDAQ [/B]-3.8% ) on Wall St. [*][B]EUR[/B] – closed Friday at 0.9730, and trades at 0.9720 now. [*][B]JPY[/B] – rallied Friday and again today spiked to [B]145.60 [/B]and holds over the key [B]145.00 [/B]now. Signs of more BOJ intervention. [*][B]GBP – s[/B]terling sank again too, Cable back to [B]1.1075 [/B]with the pressure on new PM Truss showing no signs of waning. [*][B]Stocks –[/B] US stocks, were extremely heavy on Friday and closed down [B]–2.11% to -3.8%.[/B] [B]US500[/B] -105.00 at [B]3639. AMD [/B]-13.87%,[B] TSLA[/B] -6.32%, [B]NVDA [/B]-8.03%. US FUTS at[B] 3635.[/B] [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-10_09-08-50.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-10_09-08-50.jpg[/IMG][/URL] [LIST] [*][B]USOil[/B] rallied again to $93.00 and trades at $92.20 now. [*][B]Gold[/B] – declined again as strong USD and high Yields weigh, from $1710 on Friday ahead of NFP to $1685 now. [*][B]BTC – [/B]also weighed by weak sentiment and a strong USD sank from[B] 20k [/B]pivot on Friday to trade at 19.3k now. [/LIST] [B]Today – EZ Sentix Index[/B], Speeches from Fed’s Evans & Brainard, ECB’s Lane, US Columbus Day (Treasury markets closed). [URL='https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-10_09-09-35.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-10_09-09-35.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]GBPAUD [/B](+0.64%) Continued to rally from Friday’s low at 1.7350 to test 1.7500 now. MAs aligned higher, MACD histogram & signal line positive & rising, RSI 66.52 & rising, H1 ATR 0.00347, Daily ATR 0.03100.[B] [/B] [URL='https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-10_09-12-15.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-10_09-12-15.jpg[/IMG][/URL] [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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