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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 216715, member: 32345"] [B]Date : 13th January 2022. Market Update – January 13 – CPI as advertised, USD sank![/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] The December [B]CPI[/B] report came in as advertised, indeed even better than expected for the headline. [B]Treasuries[/B] saw strong gains, while there were more moderate gains on [B]Wall Street.[/B] Overall inflation continues to come down & Fed Harker & Bullard comments boosted expectations the [B]FOMC[/B] will further downshift rate hikes with a [B]25 bp increase[/B] seen in February. [B]Yields dropped measurably. [/B]Futures markets have priced in 25 bp and several rate cuts this year. [LIST] [*]The [B]USDIndex[/B] slumped to [B]101.79[/B] yesterday. Today eased at [B]102.00[/B]. [*][B]EUR[/B] – held above [B]1.0800.[/B] [*][B]JPY[/B] – rallies to 7-month high as JGB yields also remain on bid on the anticipation of a potential policy shift. Nikkei down by 1.3%. USDJPY down by 2.7% last night. [*][B]Reuters[/B]: A newspaper report flagging the possibility of more flexibility has redoubled bets on a coming shift out of ultra-easy policy that seeks to pin yields near zero. [*][B]GBP – [/B]settled at [B]1.2200[/B]. UK GDP rose 0.1% in November. Figures showed that in the three months to the end of November, the economy shrank by 0.3%. If two consecutive quarters of contraction are confirmed then that could count as a recession. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-13_09-32-39.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-13_09-32-39.jpg[/IMG][/URL] [LIST] [*][B]Stocks –[/B] Wall Street rallied too, with the [B]US30[/B] and [B]US100[/B] up 0.64%, and the [B]US500[/B] 0.34% firmer. Strength in energy supported. [*][B][URL='https://www.reuters.com/markets/commodities/oil-rises-china-demand-optimism-russian-supply-concerns-amid-sanctions-2023-01-12/']USOil[/URL] –[/B] held above $78. [*][B]Gold –[/B] retests $1900. [*][B]BTC[/B] surged 5% to break above [B]$19,000.[/B] [/LIST] [B]Today –[/B] University of Michigan sentiment. [B]Earnings[/B]: Bank of America, Citigroup, JPMorgan, Wells Fargo, BlackRock and Delta Air Lines. [URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-13_09-32-10.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-13_09-32-10.jpg[/IMG][/URL][B]Biggest FX Mover[/B] @ (07:30 GMT) [B]NZDJPY [/B](-0.93%). Plummets to 81.95, from 84.36 high yesterday. Fast MAs aligned lower & RSI at 17, MACD histogram & signal lines extended lower. H1 ATR 0.203, Daily ATR 1.157. [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. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [b]Date : 16th January 2022. Market Update – January 16 – USD at 7 mth lows as YEN takes centre stage.[/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] The [B]BOJ [/B]meeting this week is dominating trades as the new week kicks-off. Japanese 10-yr yields trading at 0.51% above the BOJ ceiling and adding to the speculation that the ceiling could be raised to 1.0% on Wednesday. US stocks closed higher again on Friday and gained 2.3% last week. US markets are closed today and Asian markets are broadly higher expectations of China opening quickly even as COVID deaths hit record levels. The [B]USD[/B] trades at 7-mth lows, [B]GOLD[/B] at April 2022 highs, and [B]BTC[/B] over $21k and 2-mth highs. [B]Week Ahead – BOJ Wednesday,[/B] [B]US – [/B]Retail Sales, PPI, Empire & Philly Fed & Housing data. [B]EZ[/B] – ZEW. [B]UK – [/B]CPI, Jobs & Retails sales. [B]CAD –[/B] CPI & Retail sales. [B]AUD –[/B] Jobs. [B]EARNINGS SEASON[/B] In full swing (Morgan Stanley, Goldman Sachs & Netflix headline). [LIST] [*]The [B]USD Index[/B] tanked under [B]102.00 [/B]on Friday to close at 101.85. [*][B]EUR[/B] – holds over [B]1.0800. [/B]The pair touched 1.0860 in early trades and back to 1.0835 now. [*][B]JPY[/B] – dipped again touching 127.30 lows (last seen April 2022) in Asian trading, back to test [B]128.00[/B] now. [*][B]GBP – [/B]Sterling tested 1.2290 before slipping back to test 1.2225 support. [*][B]Stocks –[/B] The US markets closed higher on Friday (+0.33-0.71%), following generally good Banking Earnings, tempered by cautious outlooks and job losses. [B]US500[/B] +16.03 (0.40%) at [B]3999. JPM [/B]+2.52%, [B]COIN [/B]+5.11%, [B]AMZN [/B]+2.99%. FUTS trade at 4018. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-16_08-39-58.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-16_08-39-58.jpg[/IMG][/URL] [LIST] [*][B]USOil – [/B]rallied again to trade at [B]$80.00 [/B]last week, up from January 5th lows at $72.30. [*][B]Gold – [/B]the Bid remains strong as [B]$1900[/B] holds, and $1930 was tested in Asia, back to $1915 now. [*][B]BTC [/B]– Weak USD helps to lift prices over [B]$20k[/B] touching $21.3k today. [/LIST] [B]Today – [/B]Eurogroup Meetings, BOC Business Outlook, Speech from BOE’s [B]Bailey[/B] – DAVOS meetings start, [B]US[/B] [B]markets closed[/B] for MLK day. [URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-16_08-50-36.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-16_08-50-36.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]NZDJPY [/B](+0.27%). Bounced from a test of [B]81.00[/B] on Friday and adds to gains today at [B]81.80 [/B]but is down from 88.00 highs in December. MAs flat, MACD histogram & signal line negative but rising. RSI 46.60 & neutral, H1 ATR 0.205, Daily ATR 1.185. [URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-16_09-57-01.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-16_09-57-01.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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