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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 215502, member: 32345"] [b]Date : 5th December 2022. Market Update – December 5 – Dollar slips, Gold hovers around $1800.[/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] [*][B]USDIndex[/B] back to [B]104[/B] area for the 1st time since June, [B]Global Stocks are up o[/B]n the hopes of [B]reopening of China ignoring the strength in the headline payroll gains and the pick-up in earnings. USDIndex [/B]down by 1.4% last week and 5% in November. (Worst month since 2010) [*][B]Yuan[/B] surge to its strongest levels since September as. China’s zero Covid pivot accelerates announcing an easing of coronavirus curbs over the weekend as China tries to soften its stance on COVID-19 restrictions in the wake of unprecedented protest against the policy. [*][URL='https://www.reuters.com/business/finance/goldman-warns-bonus-cuts-traders-bloomberg-news-2022-12-02/']Wall Street banks [/URL]weigs 30% bonus cuts. [*][B]Stocks [/B]boosted. The [B]Hang Seng[/B] rallied more than 4%, the CSI 300 nearly 2%. [B]Nikkei[/B] and ASX underperformed, but also managed fractional gains. [B]GER40[/B] and [B]UK100[/B] are little changed though and US futures slightly lower, as markets weigh the impact of China’s move on economies and central bank moves elsewhere. The US 10-year rate is up 5.4 bp at 3.54%, and the 10-year Bund rate is up 2.9 bp at 1.87%. [*][B]Europe[/B]: The beginning of the G7’s $60-a-barrel price cap on Russian oil. Russia rejects as it was expected! [*][B]USOil – [/B]settled lower at $[B]80.30[/B] as Russia rejects EU cap. Jumped initially at $[B]81.90[/B] as China reopening would eventually brighten the outlook for global growth and commodity demand. [B]OPEC+[/B] left their quotas for oil production unchanged. [*][B]JPY[/B] holds below 200-DMA, below [B]$135.[/B] [*][B]EUR [/B]– peaks to [B]1.0583[/B] and [B]GBP [/B]for a 3rd day above 200-DMA, at [B]1.2345.[/B] [*][B]Gold –[/B] is hovering around $1800. [*][B]BTC[/B] – up at $17313 [/LIST] [B]Today –[/B] Attention on US ISM services survey, European retail sales data today and Central bank meetings in Canada and Australia later in the week. [URL='https://analysis.hfm.com/wp-content/uploads/2022/12/2022-12-05_09-57-49.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/12/2022-12-05_09-57-49.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]NZDJPY [/B](+1.25%), jumps at 86.70 extending above all MAs. 5- and 9- EMAs aligning higher, RSI at 62 and MACD histogram & signal line rising above 0. H1 ATR 0.199, Daily ATR 0.889. [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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