Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Advertisements
Advertisements
HFMarkets (hfm.com): New market analysis services.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="HFM, post: 216793, member: 32345"] [b]Date : 18th January 2023. Market Update – January 18 – BOJ Sticks to Accommodative Policy – YEN Dives.[/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] [B]BOJ[/B] keeps YCC policy unchanged, Kuroda [B]“will not hesitate to increase easing if necessary”. DOVISH !! – [/B]Downgraded economic forecasts – Growth 2023 – 1.7% vs. 1.9% & 2024 1.1% vs. 1.5%. Inflation forecast raised to 1.8% vs. 1.6%. [B]YEN[/B] tanked (USDJPY +2.6% at one point). Bonds rallied, the 10-yr JGB dropped to 0.36% from 0.52% yesterday. US Stock markets were mixed ([B]DOW[/B] -1.14%, [B]Nasdaq[/B] +0.14%) as [B]Goldman Sachs[/B] Earnings disappointed. Asia markets and European FUTS also mixed. UK[B] CPI[/B] confirmed at 10.5% ([B]CORE[/B] CPI 6.3%)down from 10.7% in November but still at 40-year highs. [LIST] [*]The [B]USD Index[/B] recovered from under [B]102.00 [/B]at 101.70, to 102.60 following BoJ, back to 102.10 now. [*][B]EUR[/B] – holds back over [B]1.0800, [/B]following 1.0760 lows earlier and a rejection of this weeks high at 1.0870. [*][B]JPY[/B] – Lows on Monday were 127.20 as speculation peaked, the Dovish “no change” outlook from Kuroda took the pair to [B]131.60[/B] highs today. Back to 130.25 now. [*][B]GBP – [/B]Sterling has breached [B]1.2300[/B], following the CPI data and currently trades at 1.2325, a 23-day high. [*][B]Stocks –[/B] The US markets were weak into close (-1.14% to +0.14%). Mixed news from Banks – [B]GS[/B] -6.44%, [B]MS[/B] +5.91%[B], TSLA[/B] +7.43%,[B] RBLX[/B] +11.77% [B]US500[/B] FUTS trade at [B]4017.[/B] [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-18_09-27-40.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-18_09-27-40.jpg[/IMG][/URL] [LIST] [*][B]USOil – [/B]rallied again to test [B]$81.00 [/B]following inventories and 2023 outlook upgrades. [*][B]Gold –[/B] declined from $1930 highs on Monday to test [B]$1900[/B] today as USD lifts. [*][B]BTC [/B]– Continues to hold over [B]$20k [/B]this week and over $21k again today. [/LIST] [B]Today – US Retail Sales, PPI [/B]& Industrial Production, Speeches from Fed’s Bostic, [B]Bullard[/B], Harker & Logan,. [B]Earnings –[/B] Charles Schwab, Prologis & Kinder Morgan. [URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-18_09-26-10.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-18_09-26-10.jpg[/IMG][/URL][URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-18_09-26-34.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-18_09-26-34.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]NZDJPY [/B](+2.71%). Bounced from a test of [B]81.00 zone [/B]on Friday and adds to gains today at [B]84.80 [/B]highs. Following the Dovish BOJ. MAs aligned higher, MACD histogram & signal line positive & rising. RSI 75.36, OB & rising, H1 ATR 0.354, Daily ATR 1.301. [URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-18_09-55-34.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-18_09-55-34.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]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…