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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 214840, member: 32345"] [B]Date : 9th November 2022. Market Update – November 9 – USD Weaker, Stocks Firmer, Crypto Crash, Republicans set to win the House.[/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] [*]The [B]USD Index[/B] slipped further to test 109.20 yesterday, and trades at 109.60, at today. [B]Stocks[/B] moved higher again ([B]DOW[/B] +1.00%) and Yields held at recent highs. The [B]Crypto Complex[/B] has tanked with [B]BTCUSD[/B] down from $20.5k to under $16.8k, lows before recovering, as leading crypto exchange [B]FTX[/B] was forced to sell out to rival [B]Binance. [/B]Asian shares have slipped too (Nikkei -0.56%, Hang Seng -1.88%). Chinese Inflation was mixed with [B]CPI[/B] cooling to 2.5% from 2.4% but PPI -1.3% vs -1.5%. [/LIST] [B]Mid Term election results[/B] are suggesting a win for the Republicans in the House (but not the Red Wave landslide some had predicted) while the Senate remains very close with a key win in Pennsylvania for the Democrats. A gridlocked Washington, even if the Democrats hold-on to control in the Senate, which many assume will be beneficial for stock-markets and see a weaker USD appears to be the most likely outcome. [LIST] [*][B]EUR[/B] – continued to rally yesterday and tested the next resistance at 1.0100, and trades at 1.0060, holding the hugely psychological parity [B]1.0000[/B] level. [*][B]JPY[/B] – dipped again breaching [B]146.00[/B] to 145.25 lows and trades at 145.85. [*][B]GBP – [/B]Sterling dipped to 1.1440, but then rallied to test [B]1.1600[/B] and holds at 1.1540 now. [*][B]Stocks – [/B]Wall Street rallied over 1.75% from open, gave up all their gains and then clawed back 0.5-1.0%. Big movers included [B]COIN [/B]-10.78%, [B]LYFT [/B]-22.9% and [B]TSLA [/B]-2.93% (Musk sold $3.95bn shares). [B]US500 [/B]closed +21 (+0.56%) at [B]3828, [/B] FUTS trades at [B]3827[/B] now. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-09_08-39-11.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-09_08-39-11.jpg[/IMG][/URL] [LIST] [*][B]USOil –[/B] rejected $93.00, collapsed through[B] $90.00[/B] and trades at $88.50 now. [*][B]Gold – spiked from [/B]$1665 lows, over $1680 and [B]$1700 [/B]resistance to trade at $1710. [*][B]BTC – [/B]crashed to[B] $16.8k [/B]from $20.5k, before recovering to $18.3k now. [B]FTX[/B] CEO Sam Bankman-Fried was forced to sell his exchange to rival [B]Binance[/B] as a run on FTT coin, which is FTX’s token and Bankman-Fried’s trading company Alameda Research. The company was valued at $32b at the beginning of 2022. [/LIST] [B]Today – US Mid Term Election Results, [/B]Speeches from Fed’s Williams & Barkin, ECB’s Elderson, BoE’s Haskel. [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-09_08-38-22.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-09_08-38-22.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]NZDUSD [/B](-0.42%) rallied yesterday from an initial dip, to [B]0.5900[/B] to test[B] 0.6000[/B] but now is down again to 0.5935. MAs aligning lower, MACD histogram & signal line positive but falling, RSI 49.00 & falling, H1 ATR 0.00156, Daily ATR 0.01070. [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-08_09-49-27-1.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-08_09-49-27-1.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. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ [b]Date : 10th November 2022. Market Update – November 10 – All About CPI, Congress to be Split & Crypto Carnage.[/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] [*]The [B]USD Index[/B] recovered to 110.50 yesterday as the expected Republican “Red Wave” in the US Mid Term elections did not materialise. They will, however, likely take control of the House of Representatives, though the Senate may not be decided until after the Georgia runoff 8th December. [B]Stocks[/B] fell significantly (1.95-2.48%) and [B]Yields[/B] held at recent highs. The [B]Crypto Complex[/B] tanked again as [B]Binance[/B] withdrew its offer to bail out [B]FTX [/B]and CEO, Bankman-Fried has filed for bankruptcy, and personally owes lenders over $650M. [B]BTCUSD[/B] trades at $16.8k. Australian Inflation Expectations were hotter than expected at 6.0% vs. 5.4%. Asian markets followed Wall St. lower. [*][B]EUR[/B] – declined from resistance at 1.0100, and tested the hugely psychological parity [B]1.0000[/B] level. [*][B]JPY[/B] – rotates through [B]146.00[/B] from 145.25 lows and 146.75 highs. [*][B]GBP – [/B]Sterling dipped to 1.1330 from 1.1550 yesterday but remains capped by [B]1.1400.[/B] [*][B]Stocks – [/B]Wall Street broke a strong 3-day rally losing over 60% of recent gains. Big movers included [B]DIS [/B]-13.16%, [B]OXY [/B]-9.22% and [B]TSLA [/B]-7.17%. [B]META[/B] +5.18% (11k job loss announcement). [B]US500 [/B]closed -79.54 (-2.08%) at [B]3748, [/B] FUTS trades at [B]3755[/B] now. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-10_08-25-35.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-10_08-25-35.jpg[/IMG][/URL] [LIST] [*][B]USOil –[/B] fell significantly again from $89.00 yesterday to $85.25 now. Inventories grew to +3.9m vs 0.3m and a drawdown last week of over -3.1m [*][B]Gold – [/B]held onto its significant recent gains over [B]$1700[/B] and trades at $1705. [*][B]BTC – [/B]crashed to[B] $15.4k [/B]and more than a 2-year lows (Nov. 2021 over $60.0k). [B]Binance [/B]walked away from the offer to buy FTX on due diligence concerns[B]. FTX [/B]was valued at $32b at the beginning of 2022. Contagion continues [B]COIN[/B] fell another 9.58% yesterday after Tuesday 10% fall and [B]Robinhood[/B] has shed 32% of its value so far this week. [/LIST] [B]Today – US CPI, Weekly Claims. [/B]Speeches from [B]Fed’s[/B] Waller, Harker, Logan, Daly, Mester, George & Williams, [B]BOE’s[/B] Tenreyro, [B]ECB’s[/B] de Cos, Schnabel, [B]SNB’s[/B] Maechler. [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-10_08-26-15.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-10_08-26-15.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]GBPAUD [/B](+0.64%) rallied yesterday from an initial dip below [B]1.7600[/B] yesterday to test[B] 1.7780 [/B]now, next resistance [B]1.7800. [/B] MAs aligning higher, MACD histogram & signal line positive & rising, RSI 61.64 & rising, H1 ATR 0.00274, Daily ATR 0.02113.[B] [/B] [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-10_08-28-15.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-10_08-28-15.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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