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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 215173, member: 32345"] [B]Date : 22nd November 2022. Market Update – November 22 – China Covid Worries Puncture Sentiment.[/B] [URL='https://analysis.hfm.com/wp-content/uploads/2018/12/eu_update_1200x628-e1567669197104.png'][IMG]https://analysis.hfm.com/wp-content/uploads/2018/12/eu_update_1200x628-e1567669197104-696x339.png[/IMG][/URL] Trading Leveraged Products is risky [LIST] [*]The [B]USD Index[/B] holds onto recent gains at 107.50, but unable to break resistance at 107.80. Asian markets further impacted with more COVID cases across China (Guangzhou reports over 8,200) and a rise in deaths.[B] Stocks[/B] lower & [B]USOil[/B] tested $75.00 zone, [B]Saudi[/B] denying reports they were looking to increase production. [B]Kishida[/B] – FX policy up to [B]BOJ[/B] will not interfere, a weak JPY has both “merits & demerits” USDJPY 142.00. Crypto firm [B]Genesis[/B] has approached [B]Binance[/B] & [B]Apollo GM [/B]for investment but denies it is planning to file for bankruptcy – WSJ. [*][B]EUR[/B] – holds under [B]1.0300[/B] and below 200-hr MA (1.0260) at 1.0250. [*][B]JPY[/B] – rallied over 1.1% yesterday from [B]140.00[/B] zone to 142.20 highs. Holds 1.4200 today – BOJ [B]Core CPI[/B] y/y much stronger than expected at 2.7% vs. 2.2% & 2.0% last month. [*][B]GBP – [/B]Sterling holds at [B]1.1800[/B] [*][B]Stocks – [/B]Wall Street closed lower,[B] NASDAQ[/B] worst performer -1.09%. [B]TSLA [/B]-6.84% on product recalls & MUSK workload follow through, [B]COIN [/B]-8.9% (FTX Contagion), [B]DIS[/B] +6.3% [B](Iger’s[/B] return). [B]US500 –[/B]15.40 (-0.39%) at [B]3949, [/B] FUTS trades at [B]3955[/B] now. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-22_08-40-16.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-22_08-40-16.jpg[/IMG][/URL] [LIST] [*][B]USOil –[/B] fell significantly again to $75.25 yesterday before recovering to $80.00 again. [B]Saudi[/B] [B]Arabia[/B] denying reports they were looking to increase production within & and outside OPEC, said the current cut of 2mln BPD is to continue until the end of 2023. [*][B]Gold – [/B]continued to decline yesterday to $1733 lows, trades at $1742 now at the 200-hr MA support. [*][B]BTC [/B]– Sentiment woes continue, [B]FTX[/B] contagion spreading? – [B]Genesis[/B] denying bankruptcy talk. Traded down to $15.4k, yesterday, back to 15.7k now. [/LIST] [B]Today – [/B]EZ Consumer Confidence Flash, Australian PMIs Flash, Speeches from Fed’s Bullard, George, Mester & ECB’s Rehn. [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-22_08-44-19.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-22_08-44-19.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]NZDUSD [/B](+0.64%) recovered from a new move below 0.6100 yesterday, and trades at 0.6120 now, next resistance at 0.6145. MAs aligning higher, MACD histogram & signal line negative but rising, RSI 54.60 & rising, H1 ATR 0.00105, Daily ATR 0.01040. [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-22_09-45-22.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-22_09-45-22.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 : 23rd November 2022. Market Update – November 23 – USD Slips, Stocks Higher, RBNZ add 75bp, FOMC Minutes to come.[/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 from over 107.50, to below 107.00, as [B]stocks[/B] closed over 1% higher and Asian markets followed the US into positive territory, even as Chinese covid cases continue to climb. The [B]RBNZ[/B] lifted interest rates in line with expectations to [B]4.25%[/B] from 3.5% in a hawkish hike expectations for terminal rate was lifted significantly to 5.5-5.75%. ([B]NZD[/B] outperforming in Asian session). [B]AUD[/B] PMI’s data missed and prosecutors called [B]FTX[/B] a “personal fiefdom” of Sam Bankman-Fried, had “substantial” assets missing & highlighted his parents & senior staff with Bahamian property worth over $300m. [*][B]EUR[/B] – retakes [B]1.0300[/B] from 1.0225 lows yesterday to trade at 1.0225. [*][B]JPY[/B] – eased from 142.20 highs to under 141.00 – trades at 141.20 now. [*][B]GBP – [/B]Sterling held the [B]1.1800 [/B]support and rallied to test [B]1.1900[/B] now. The UK’s economy is set to be the worst performer in the G20 bar [B]Russia[/B] over the next two years, according to the [B]OECD[/B]. [*][B]Stocks – [/B]Wall Street closed over 1%+ [B]NASDAQ[/B] & [B]S&P500[/B] +1.36%. [B]Exxon[/B] & [B]Chevron[/B] best performers. [B]US500 +[/B]53.64 (+1.36%) closing over 4000 at [B]4003[/B], for the first time since [B]September 12 (50 trading days),[/B] FUTS trades at [B]4009[/B] now. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-23_09-12-07.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-23_09-12-07.jpg[/IMG][/URL] [LIST] [*][B]USOil –[/B] Rallied to [B]$82.00 [/B]and trades at $81.50 now, after shaking off increase production talk earlier in the week. Inventories are expected to decline by 2.6m barrels this week following last week’s outsized 5.4m barrel drawdown. [*][B]Gold – [/B]Rotating around $1740 but has once again tested to $1733 lows, trades at $1744 now at the 200-hr MA. [*][B]BTC [/B]– Sentiment woes continue, but a rally from 2-yr lows at $15.4k in the last 24hr has pushed the price to 200hr MA at $16.5k. [/LIST] [B]Today – FOMC Mins. ([/B]Fed signaling that interest rates will continue to rise but at a slower pace?[B])[/B], [B]EZ, UK & US Flash PMIs[/B], [B]US Durable Goods[/B], Weekly Claims, New Home Sales, Speeches -ECB’s de Guindos & BoE’s Pill, [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-23_09-09-36.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-23_09-09-36.jpg[/IMG][/URL] [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-23_09-10-28.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-23_09-10-28.jpg[/IMG][/URL] [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-23_09-11-02.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-23_09-11-02.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]NZDCAD [/B](+0.54%) recovered from a new move below 0.8200 earlier, and trades at 0.6265 now, next resistance at 0.8275 & 0.8300. MAs aligning higher, MACD histogram & signal line positive & rising, RSI 62.88 & rising, H1 ATR 0.00188, Daily ATR 0.0083. [URL='https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-23_09-17-01.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/11/2022-11-23_09-17-01.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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