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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 216519, member: 32345"] [b]Date : 9th January 2022. Market Update – January 9 – USD Index falls 9% from peaks.[/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 [B]Treasury[/B] and [B]Wall Street[/B] soared on the heels of the NFP data where the net effect is a [B]tempering in Fed rate hike expectations. [/B]The markets are cheering the cooling in wage growth and a softer but still resilient labor market. The erosion in the service sector is a bit ominous but adds to the belief that the FOMC will [B]soften its stance [/B]with a [B]25-50 bp hike on February[/B] [B]1[/B] following the 50 bp tightening in December. The jump in the workforce and easing wage growth & further signs of an economy slowing down with services contracting for the first time in more than 2-1/2 years in December = US economy recession, & Fed on its hiking path but no need to do too much! [LIST] [*]The [B]USD Index falls 9% from peaks. It[/B] drifted to [B]103.23 [/B]from [B]105.40[/B] on Friday after the NFP. Fed funds futures are suggesting a 4.958% terminal rate in June. [*][B]China’s re-opening of its borders[/B] – could add further pressure on USD. [*][B]EUR[/B] – spiked to nearly [B]1.0700.[/B] [*][B]JPY[/B] – slightly higher today at [B]132.16[/B] from [B]131.20 [/B]bottom. [*][B]GBP – [/B]gaining 0.42% to [B]1.2166[/B], after spiking 1.5% on Friday. [*][B]Stocks –[/B] The US markets [B]surged[/B]. US500 +2.28% and USA100 +2.56%[B]. APPL [/B]+3.68%, [B]AMZN [/B]+3.56%, [B]MSFT [/B]+1.18%. [B] [/B] [*][B]Treasury yields dove,[/B] led by the short end as the market priced out the more hawkish Fed bets. The 2-year rate plunged 20 bps to a low of 4.243%. [*][URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-09_09-06-40.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-09_09-06-40.jpg[/IMG][/URL] [*][B]USOil – [/B]rose after Chinese announcement. Today trades at [B]$75.30.[/B] [*][B]Gold – reversed 60% from 2022 downleg. [/B]Breached $1880. [*][B]BTC [/B]– rise to 17166.23. [/LIST] [B]Today – [/B]Fed’s Bostic and BOE’s Pill speak, Japan’s PM Kishida meets with France’s President Macron, Eurozone unemployment. [B]Earnings season kicks off this week with the major US banks.[/B][URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-09_09-11-39.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-09_09-11-39.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]AUDUSD [/B](+0.78%). Trade-and-China sensitive AUD up to [B]0.6945 today.[/B] MAs flattened but MACD histogram & signal line remain positive and rising. RSI 67 but turns slightly lower, H1 ATR 0.00166, Daily ATR 0.0096. [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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