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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 214911, member: 32345"] [B]Date : 11th November 2022. Market Update – November 11 – Gigantic day in stocks and bonds.[/B] [URL='https://analysis.hfm.com/wp-content/uploads/2021/11/inflation.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2021/11/inflation-696x364.jpg[/IMG][/URL] [LIST] [*]The [B]USD Index[/B] was the big loser on the day, plunging 3 big figures to a low of 107.67 from an intraday high of 110.99 before the data. Though it recovered marginally to close at 108.20, that is the lowest close since mid-September. [B]Stocks[/B] skyrocketed significantly adding to expectations for a stepdown in Fed rate hikes and a paring in projections for the terminal rate. [B]Yields[/B] dived 30 bps in the belly to 3.938% on the 5-year. The 10-year was down 27 bps to 3.813%. It was the first close under 4% since October 27. [B]The 2-year yields had their biggest drop since 2008.[/B] [*][B]EUR[/B] – rally above parity and currently at 1.0230. [*][B]JPY[/B] – drifted to 140.19 from 146.50 high.[B] Biggest fall since 1998.[/B] [*][B]GBP[/B] – Sterling spiked to 1.1736 post US CPI data. This morning, GDP showed that the UK economy contracted less than expected in the third quarter. [*][B]Stocks[/B] – Wall Street broke 2-month resistance. [B]US100[/B] rocketed 7.35% higher to 11,114, with the [B]US500[/B] surging 5.54% to 3,956, while the [B]US30[/B] was up 3.70% to 33,715. [B]This was the strongest percentage pop in over two years.[/B] [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-11_09-17-41.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-11_09-17-41.jpg[/IMG][/URL] [LIST] [*][B]USOil –[/B] higher at $88.60 from $84.73. [*][B]Gold – [/B]had its best week since March, spiking to 1760, has risen 4.2% so far in the week. [*][B]BTC –[/B] Crypto crisis continues, however yesterday Bitcoin reverted some losses turning at 17940. [/LIST] [B]Today – [/B]European Commission releases Economic Growth Forecast, Michigan Sentiment, ECB’s Panetta, Guindos & Lane Speech. [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-11_09-53-51.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-11_09-53-51.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]AUDJPY [/B](+0.82%) rallied from [B]0.6390 low[/B] yesterday to 0.6659 now, next resistance [B]0.6700. [/B] MAs aligning higher, MACD histogram & signal line positive & rising, RSI 72 & flat, H1 ATR 0.0025, Daily ATR 0.0118. [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]Andria Pichidi 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 : 14th November 2022. Market Update – November 14.[/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] closed at 106.389 but had tumbled to a low of 106.28 from an overnight high of 108.44. It’s down from 112.93 on the November 3 FOMC day. [B]Stocks[/B] extended gains at the Friday close with another solid session, albeit in choppy action amid worries over the [B]bankruptcy of FTX[/B]. [B]Yields –[/B] 10-year Treasury yield is up 6.7 bp at 3.88%, EGB yields are correcting from the highs seen on Friday, however the ECB remains on course to tighten rates beyond neutral and start QT next year. [*][B]EUR[/B] – above parity at 1.0320. [*][B]JPY[/B] – sideways at 139.50. [*][B]GBP[/B] – turned below 1.1800. [*][B]Stocks[/B] – [B]US100[/B] to a 1.88% surge, while the [B]US500[/B] was up 0.92%. The [B]US30[/B] edged up 0.1%. The components of the [B]US500 [/B]were mixed but a 3% pop in energy and a 2.46% jump in consumer discretionary sectors helped overcome losses in health care and utilities. Today, stocks struggled a bit and corrected some of last week’s gains, although China bourses got a boost from official directives aimed at supporting the ailing property sector, which added to the slight easing of virus restrictions that were announced last week. Hang Seng and CSI 300 are currently up 1.8% and 0.2% respectively, after Nikkei and ASX closed with losses of -1.1% and -0.2%, weighed down by financials data. [B]GER40[/B] and [B]UK100[/B] futures are up 0.2% and 0.1%. [*][B]Reuters[/B] reported that Chinese regulators have told financial institutions to extend more support to property developers to shore up the struggling real estate sector. [*][B]USOil –[/B] at $88.40. [*][B]Gold – [/B]had its best week since March, currently holds gains at 1763. [*][B]BTC –[/B] slipping into the $16,000 area again. [/LIST] [B]Today – Xi & Biden in Bali for G20 meeting. SNB Chairman Jordan Speaks & FOMC Member Brainard Speaks[/B] [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-14_10-20-47.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-14_10-20-47.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]BTCUSD [/B](+1.12%) rebounded to 16890 but struggling to break 50-hour SMA.[B] [/B] MAs aligning higher, MACD lines still negative, RSI 53 & flat indicating that this might be a limited bounce. H1 ATR 313.46, Daily ATR 1334.606. [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] Andria Pichidi 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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