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: 213863, member: 32345"] [b]Date : 11th October 2022. Market Update – October 11 – Risk Off – Gilts lead Yields & USD Higher, Stocks, Gold & Oil 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]Rallied again ([B]113.40[/B]) as US moves to curb US chip technology to China hit Chinese hi-tech companies. [B]UK GILTS[/B] lead US [B]Yields[/B] higher. [B]BOE[/B] – Widening the scope of its daily Gilt buying operations from 11-14 October. Cable tests [B]1.1000. Stocks[/B] remain on the back foot (-1%). [B]Asian[/B] markets hit by US Chip move (TSMC -8.33% & $240b wiped off wider market value) & [B]European[/B] FUTS lower. PUTIN reacts to bridge attack with attacks on 13 Ukraine cities further undermining confidence. RISK OFF Tuesday. [*][B]EUR[/B] – trades as low as 0.9670, today under pressure from safe haven bid for USD. [*][B]JPY[/B] – rallied as high as [B]145.85 [/B]today and the “BOJ intervention” levels of September 20-22. [*][B]GBP – [/B]Sterling sank again too as UK Gilts rallied, Cable back to [B]1.0996 [/B]with the pressure on new PM Truss & Chancellor Kwarteng showing no signs of waning. [*][B]Stocks –[/B] US stocks, were heavy again on Monday and closed down [B]-1.04% to -0.32%.[/B] [B]US500[/B] -27.7 at [B]3612. AMD [/B]-1.08%,[B] Ford[/B] -6.89%, [B]NVDA [/B]-3.36%. US FUTS tested the key [B]3600[/B] level on Monday and trades at 3613 now. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-11_08-33-21.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-11_08-33-21.jpg[/IMG][/URL] [LIST] [*][B]USOil –[/B] declined into $90.00 from $93.00 highs as USD accrued and sentiment waned. [*][B]Gold[/B] – declined again as strong USD and high Yields weighed, October lows of $1661 have been tested today. [*][B]BTC – [/B]also weighed by weak sentiment and a strong USD sank under [B]$19k[/B] to trade at $18.9k. [/LIST] [B]Today – UK JOBS beat expectations, [/B]US IBD/TIPP, Speeches from ECB’s Lane, Fed’s Harker & Mester, BOE’s [B]Bailey[/B] & Cunliffe, SNB’s [B]Jordan[/B], RBA’s Ellis, Astana Summit [URL='https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-11_09-07-03.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-11_09-07-03.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]AUDUSD [/B](-0.54%) Continued to decline as risk off took hold. Down to test 0.6250 today. MAs aligned lower, MACD histogram & signal line negative & falling, RSI 36.52 & falling, H1 ATR 0.00149, Daily ATR 0.01109.[B] [/B] [URL='https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-11_09-01-23.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-11_09-01-23.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]
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…