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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 213970, member: 32345"] [B]Date : 12th October 2022. Market Update – October 12 – London still the centre of the storm.[/B] [IMG alt="eu_update_1200x628-e1567669197104-696x339.png"]https://carigold.com/forum/attachments/eu_update_1200x628-e1567669197104-696x339-png.535314/?watermark_date=1665566141[/IMG] Trading Leveraged Products is risky [LIST] [*][B]USDIndex – [/B]Dipped to [B]112.50[/B] yesterday before reversing to [B]113.40, & 113.00 [/B]now. The [B]UK’s new fiscal policy remains squarely under threat[/B] as BOE’s [B]Bailey[/B] reiterated that the BOE “will be out of the market by the end of the week”. However [B]FT[/B] report this morning that the BOE signalled privately to bankers it may extend Bond-Buying, after the weekend. [B]Sterling[/B] pressured and [B]Gilts[/B] remain fragile. [B]US Stocks[/B] ([B]NASDAQ[/B] -1.10%) closed down again, [B]Asian[/B] markets lower (Hang Seng -1.04%) & [B]European[/B] FUTS lower. [B]Biden[/B] claims there will be no US recession, doubts Putin will use the nuclear option and that there needs to be a re-evaluation of Saudi relationship. [*][B]EUR[/B] – trades over [B]0.9700[/B] at 0.9725 from 0.9670 lows and 0.9770 highs yesterday. [*][B]JPY[/B] – rallied through [B]146.00 [/B]today beyond “BOJ intervention” levels of September 20-22. Traded to 146.38 today. [*][B]GBP – [/B]Sterling rallied and then reversed on Bailey comments to 1.0923 a new 10-day low, but retook [B]1.1000[/B] following rally on FT article. Pressure on new PM Truss & Chancellor Kwarteng showing no signs of waning, more possible political U-turns. [*][B]Stocks –[/B] US stocks, were mixed but biased lower on Tuesday and closed down [B]US500[/B] -0.65%, -27.7 and breaking 3600 at [B]3588. UBER [/B]-10.42%,[B] LYFT[/B] -12.02%, [B]AMGN [/B]+5.72%. US FUTS trades at 3628 now. [/LIST] [IMG alt="2022-10-12_08-32-39.jpg"]https://carigold.com/forum/attachments/2022-10-12_08-32-39-jpg.535315/?watermark_date=1665566141[/IMG] [LIST] [*][B]USOil –[/B] declined into $88.40, back to $89.65 & capped at[B] $90.00. [/B]Polish pipeline operator PERN says [B]leak[/B] detected in Druzba oil pipeline. [*][B]Gold[/B] – recovered from $1661-$1665 support zone to [B]$1675[/B] now but remains pressured. [*][B]BTC – [/B]also weighed by weak sentiment and a strong USD sank to $18.8K yesterday trades at $19.1k now. [/LIST] [B]Today – UK[/B] [B]GDP [/B](missed -0.3% vs. 0.1%) EZ IP, US PPI Final Demand, [B]FOMC Minutes[/B], G20 Finance Ministers’ meeting, Astana Summit, Speeches from BoE’s Haskel, Pill & Mann, ECB’s [B]Lagarde[/B], Fed’s Kashkari, Barr & Bowman [IMG alt="2022-10-12_09-16-56.jpg"]https://carigold.com/forum/attachments/2022-10-12_09-16-56-jpg.535316/?watermark_date=1665566141[/IMG] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]NZDJPY [/B](-0.77%) rallied from 80.70 lows yesterday to 82.00 today. MAs aligned higher, MACD histogram & signal line positive & rising, RSI 64.00 & rising, H1 ATR 0.236, Daily ATR 1.397. [IMG alt="2022-10-12_09-53-23.jpg"]https://carigold.com/forum/attachments/2022-10-12_09-53-23-jpg.535317/?watermark_date=1665566142[/IMG] [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. ------------------------------------------------------------------------------------------------------------------------------------------------------------ [b]Date : 13th October 2022. Market Update – October 13 – FOMC Minutes Remain Hawkish – CPI Today.[/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]Held [B]113.00 [/B]yesterday and again tested 113.44. [B]Yields[/B] cooled from recent highs. (US 10yr at 3.902%). US [B]PPI[/B] was hotter than expected (0.4% vs 0.2% & -0.1% prior). [B]FOMC[/B] [B]Mins.[/B] less Hawkish than many anticipated but far from indicating a pivot anytime soon. “Participants judged that a softening in the labor market would be needed to ease upward pressures on wages and prices.” and “emphasized the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action.” [*]The UK’s new fiscal policy remains squarely under threat and the BOE’s Bond-Buying, beyond Friday is still being questioned despite BOE denials. [B]Sterling[/B] recovered yesterday but [B]Gilts[/B] remain very fragile. [B]US Stocks[/B] closed flat, [B]Asian[/B] markets lower (Hang Seng -1.13%) & [B]European[/B] FUTS also flat. [*][B]EUR[/B] – rotates through [B]0.9700, [/B]up from 0.9670 lows but unable to hold over 0.9720. [*][B]JPY[/B] – rallied through [B]146.00 [/B]to new 24-year highs yesterday within a few pips of [B]147.00. [/B]146.85 now. [*][B]GBP – [/B]Sterling rallied from a new 11-day low at 1.0923 over [B]1.1000 [/B]to 1.1075. Immense pressure on new PM Truss & Chancellor Kwarteng to reverse tax cuts or face a major rebellion. [*][B]Stocks –[/B] US stocks, were mixed but biased lower on Wednesday and closed down [B]US500[/B] -033%, -11.81 at [B]3577. MRNA [/B]+8.28%,[B] PEPSI[/B] +4.18%, [B]VLO [/B]+5.02%. US500 FUTS trades at [B]3586 [/B]now. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-13_09-16-29.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-13_09-16-29.jpg[/IMG][/URL] [LIST] [*][B]USOil –[/B] declined again on global recession worries into $86.25, back to $87.15 now. [*][B]Gold – [/B]remained range bound between $1665 support zone and $1675. Trades at $1668 now but remains pressured. [*][B]BTC – [/B]also weighed by weak sentiment and a strong USD sank to $18.8K yesterday trades at $19.1k now. [/LIST] [B]Today – German HICP [/B]confirmed at record 10.9% US [B]CPI,[/B] US DoE, IEA OMR, Speeches from ECB’s de Guindos & BOE’s Mann. [URL='https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-13_09-20-39.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-13_09-20-39.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]GBPJPY [/B](-0.30%) rallied from sub 160.00 lows yesterday to 163.25 highs today, before declining into 162.50. MAs declining now, MACD histogram & signal line positive but starting to decline, RSI 54.40 & declining, H1 ATR 0.305, Daily ATR 3.201.[B] [/B] [URL='https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-13_09-52-56.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/10/2022-10-13_09-52-56.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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