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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 215013, member: 32345"] [B]Date : 16th November 2022. Market Update – November 16 – Risk aversion picked up.[/B] [URL='https://analysis.hfm.com/wp-content/uploads/2018/11/eu_update_pic_nov18-1.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2018/11/eu_update_pic_nov18-1-696x391.jpg[/IMG][/URL] [LIST] [*]The [B]USDIndex’s safe-haven gains fizzled [/B]and held at the low 106.00 area. [B]Yields[/B] had plunged on the PPI data, but 5-year closed at 3.890%, the 2-year at 4.326%, and the 10-year at 3.772%, respectively. [B]Stocks [/B]supported by cooler PPI but pressured afterwards as news of a Russian-made missile strike in Poland sparked fears of heightened geopolitical tensions. US President Biden who said the missile was unlikely to have been fired by Russia helped to calm nerves. [*][B]EUR[/B] – retests once again the 1.040. [*][B]JPY[/B] – holds at 139.50, while Risk-sensitive Antipodeans, [B]AUDUSD[/B] is up at 0.6782, and [B]NZDUSD[/B] at 0.6175. Australian wages boasted the largest rise in a decade last quarter as a super-tight labour market finally made itself felt, raising the risk of further rate hikes. [*][B]GBP[/B] – steady at 1.1860 – [B]UK CPI jumped to 11.1% y/y in October[/B] from 10.1% y/y in the previous month. Core inflation failed to decelerate as anticipated and held steady at 6.5% y/y. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-16_10-40-52.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-16_10-40-52.jpg[/IMG][/URL] [LIST] [*][B]Stocks[/B] – closed in the green with gains of 1.45% on the [B]US100,[/B] 0.87% on the [B]US500,[/B] and 0.17% on the [B]US30.[/B] But they are well off of early highs where the future showed the [B]US100[/B] knee-jerking nearly 3% on the data, while the [B]US500[/B] was up 1.9%, with the [B]US30 [/B]up over 1.1%. Better than expected earnings/guidance from [B]Walmart[/B] and hopes for a bounce in Chinese growth supported too. [*][B]USOil –[/B] at $85.95 [*][B]Gold – [/B]jumps to 1787, but steady so far today. [/LIST] [B]Today: US Retail Sales and Canadian Inflation along.[/B] [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-16_10-34-37.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-16_10-34-37.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) EURJPY retested the 145.30 highs, MAs aligning higher, MACD line turned positive but signal line remains below 0, RSI 59 btu flattened. H1 ATR 0.391, Daily ATR 1.691. [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 : 17th November 2022. Market Update – November 17 – “Recession is a threat”.[/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] [B][I]Recession is a threat, as suggested by the inverted yield curve, and some recent earnings reports, including Target today, reflect the various headwinds hitting the economy. Geopolitical risks from Ukraine are lingering too.[/I][/B] [LIST] [*]The [B]USDIndex’s [/B]steady [B]106.25 [/B]after ranging from 105.34 to 107.10. (heavy data calendar saw stronger than expected retail sales, weaker than forecast industrial production, with a further big drop in the NAHB) [B]Yields close lower with,[/B] 10-year yield down 13 bps at 3.669%, after a high of 3.84%. The 30-year was 12.5 bps lower at 3.837%.[B] The curve inversion deepened further to -68 bps, not seen since early 1981[/B]. [B]Stocks [/B] [*][B]Fed’s[/B] [B]Waller[/B]: [I]“more comfortable considering stepping down to a 50 bp hike[/I]“. But he added he will not be making that decision until he sees more data. Waller has been one of the [B]most hawkish[/B] on the FOMC so these remarks are significant. [B]VS[/B] [B]Fed Daly repeated a pause in hikes is off the table for now [/B]and reiterated Chair Powell’s comment that it is not even a point of discussion currently, in a CNBC interview. [*][B]EUR[/B] – choppy at 20-day SMA. [B]Bloomberg[/B] source story effectively confirmed that the [B]ECB[/B] will slow its tightening cycle and deliver a 50 bp move in December. [*][B]JPY[/B] – holding below 140, but there is speculation that the correction in the dollar is running out of steam [*][B]AUDUSD[/B] holds gains above 0.6700 – Australia’s unemployment rate unexpectedly declined to 3.4%, employment lifted to a record high and part time employment declined. More signs of a tight labour market that will add to inflation concerns, especially after higher than expected data on wage growth yesterday. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-17_09-31-10.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-17_09-31-10.jpg[/IMG][/URL] [LIST] [*][B]Stocks[/B] –Wall Street ended in the red with weakness concentrated in the [B]US100[/B] and the [B]US500[/B] following a very poor earnings report from [B]Target[/B]. Nikkei and ASX closed narrowly mixed. [B]PBOC[/B] warned that inflation may go higher as demand pickes up, with [B]Hong Kong tech[/B] stocks most hit, by comments that dented hopes of further sizeable support from the central bank and Beijing officials for the economy. [B]GER40[/B] and [B]UK100[/B] are up 0.4% and 0.1% respectively. [*][B]USOil –[/B] Energy weighed on the USOIL prices fell -1.88% to $85.29. [*][B]Gold –[/B] drifted to [B]$1760[/B] on USD strength and pick up of Treasury yields. [/LIST] [B]Today: UK Autumn Statement, US Housing Stats & Building Permits.[/B] [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-17_10-00-28.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-17_10-00-28.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] [USER=74933]@Palladium[/USER] -0.90% (06:30 GMT) drifted to 2017 but rebounded this morning. MAs aligning flattened, MACD lines remain negative & RSI at 44 indicating that bearish bias holds. H1 ATR 11.64, Daily ATR 100.72.[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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