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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 215109, member: 32345"] [B]Date : 21 November 2022. Market Update – November 21 – USD continues to recover.[/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] continues to recover, back over 107.00 to 107.45, next resistance today 107.70 and the 200-hrMA as risk appetite sours in Asia with more COVID cases in Beijing and a rise in deaths.[B] Stocks[/B] lower & [B]Oil[/B] at 2-mth lows to start the week. Chinese [B]PBOC[/B] kept rates unchanged at [B]3.65%. [/B]More Hawkish talk from Fed officials ([B]Bostic[/B] believes that another 75bps-100bps tightening will be warranted and sufficient to rein in inflation) – helped the USD sentiment. [*][B]EUR[/B] – declined from 200- day resistance at 1.0385, ao Friday and is under [B]1.0300[/B] today at 200-hr MA at 1.0270. [*][B]JPY[/B] – moves away from [B]140.00[/B] zone to 140.75 next resistance 141.00. [*][B]GBP – [/B]Sterling dips to test [B]1.1800[/B] today down from 1.1950 highs on Friday and a rejection of 1.2000 last week. [*][B]Stocks – [/B]Wall Street closed flat on Friday, [B]TSLA [/B]-1.63%. on product recalls and worries over MUSK workload. [B]US500 [/B]was best perform[B]er [/B]+18.78 (+0.48%) at [B]3965, [/B] FUTS trades at [B]3960[/B] now. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-21_09-25-33.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-21_09-25-33.jpg[/IMG][/URL] [LIST] [*][B]USOil –[/B] fell significantly again to $77.75 Friday before recovering over $80.00. But is subdued today under $80.00, following risk off mood to start the week. [*][B]Gold – [/B]continued to decline from last week’s $1780 highs, trades at $1745 now at the 200-hr MA support. [*][B]BTC [/B]– Sentiment woes continue – [B]FTX[/B] owes [B]$3bln[/B] to top 50 creditors (no.1 reportedly owed $222m). Trades down to [B]$16k. [/B] [/LIST] [B]Today – German PPI[/B] much weaker than expected at -4.2% vs 0.9%, Speech from BOE’s Cunliffe and NZD trade data. [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-21_09-18-24.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-21_09-18-24.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]EURUSD [/B](-0.64%) declined again today under [B]1.0300 [/B]and down to next support (200-Hr MA) at 1.0270. MAs aligning lower, MACD histogram & signal line negative & falling, RSI 32.060 & falling, H1 ATR 0.00171, Daily ATR 0.01430. [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-21_09-26-50.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-21_09-26-50.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]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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