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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 215708, member: 32345"] [b]Date : 12th December 2022. Market Update – December 12 – USD lifts, Stocks Slip Ahead of a Key Week.[/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] holds at 105.00 from lows on Friday at 104.50, following hot [B]PPI[/B] data and strong [B]consumer sentiment.[/B] [B]Stocks [/B]fell into close on Friday (Dow the weakest -0.9%) and down 2.85-4.0% last week ([B]Nasdaq[/B] weakest) threatening the Santa Rally. [B]Yields[/B] rallied over 2% on Friday, 10yr closed at 3.567% trades at 3.55% today. [B]Asian [/B]markets & European FUTS are also lower as Chinese Covid infections rise as restrictions are eased. BIG week ahead. [/LIST] [B]Week Ahead[/B] – US[B] CPI[/B] and the [B]FOMC[/B] dominate matters but 10 other Central Banks update markets this week including ECB and BOE. 50 bp hike from the FED now at 77% from Fed Funds Futures, following Friday’s data. [LIST] [*][B]EUR[/B] – tested the [B]1.0600[/B] zone on Friday – trades down at 1.0530 now. [*][B]JPY[/B] – rallied from post PPI low at 135.60 on Friday to test [B]137.00[/B] again today. [*][B]GBP – [/B]Sterling rallied again to breach [B]1.2300,[/B] briefly and post 5-month highs on Friday. Trades at 1.2228 now. [*][B]Stocks – [/B]Wall Street dived on Friday – [B]US500 [/B]-29.13 (-0.73%) [B]3934[/B], Big movers included [B]LULU[/B] -12.85%, [B]COIN[/B] -6.00%, [B]& TSLA [/B]+3.23%, [B]NFLX[/B] +3.14%. FUTS trades at [B]3933[/B] now too. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2022/12/2022-12-12_09-02-07.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/12/2022-12-12_09-02-07.jpg[/IMG][/URL] [LIST] [*][B]USOil –[/B] Slipped to new 12-month+ lows at [B]$70.05[/B] on Friday on a weak global outlook, trades at $71.40 now. [*][B]Gold – [/B]Rallied to and broke the key [B]$1800[/B] again, but could not hold it. Trades at $1788 support now. [*][B]BTC [/B]– Sentiment woes continue, rallied to $17.3k on Friday but trades below [B]17k [/B]today at 16.9K [/LIST] [B]Today – [/B]UK GDP (m/m) beats (0.5% vs. 0.4%) & better Production data. UK NIESR – Speech from BOC’s [B]Macklem. [/B] [URL='https://analysis.hfm.com/wp-content/uploads/2022/12/2022-12-12_09-10-41-1.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/12/2022-12-12_09-10-41-1.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]USDJPY [/B](+0.47%) rallied from post PPI low at 135.60 on Friday to test [B]137.00[/B] again today. MAs aligning higher, MACD histogram & signal line positive but falling, RSI 58.50 & rising, H1 ATR 0.196, Daily ATR 1.783. [URL='https://analysis.hfm.com/wp-content/uploads/2022/12/2022-12-12_09-01-04.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2022/12/2022-12-12_09-01-04.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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