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: 216973, member: 32345"] [B]Date : 24th January 2023. Market Update – January 24 – Stocks in a Rally![/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]USDIndex[/B] settled at 101.50, [B]Wall Street rallied[/B] on the back of tech amid ongoing hopes for a [B]downshift in Fed rate hikes amid a potential moderation inflation this week[/B]. Fears of a recession and the potential for the [B]worst quarter of earnings in seven years[/B] were put aside for now. [B]Microsoft[/B] announces Tuesday but news it is investing $10 bln in OpenAI, the maker of ChatGPT provide strong support for investors. [LIST] [*]The [B]USD Index[/B] failed to extend above 102, while it returned to 101.50, as Treasuries cheapened amid the gains in risk appetite and the pressure of upcoming supply, including $120 bln in shorter dated Treasury coupons and a hefty corporate calendar. [*][B]EUR[/B] – is flirting with the 1.09 mark for 7th time the past 2 weeks. [*][B]JPY[/B] – pullback to 129.70. [*][B]GBP – [/B]holds above [B]1.2400. [/B]Today, UK public borrowing data showed a rises with debt financing costs – the highest borrowing figure for December on record and a much higher number than anticipated.[URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-24_09-17-21.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-24_09-17-12.jpg[/IMG][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-24_09-17-21.jpg[/IMG][/URL] [*][B]Stocks –[/B] The [B]US500[/B] breached 4058 but closed at4019 (+1.19%), with the [B]US100[/B] up 11930 and the [B]US30[/B] +0.8%, to 33700 higher. The Nikkei rallied 1.46% and European stock futures are higher. [B][URL='https://www.reuters.com/technology/logitech-quarterly-sales-fall-22-127-bln-2023-01-24/']Logitech[/URL] [/B]quarterly sales fall 22% as slowdown fears bite. [B]Microsoft[/B] announces today but news it is investing $10 bln in OpenAI, the maker of [B]ChatGPT[/B] provided strong support for investors. [URL='https://www.wsj.com/market-data/quotes/AMD']Advanced Micro Devices[/URL] [URL='https://www.wsj.com/market-data/quotes/AMD?mod=chiclets']AMD 9.22% [/URL]added $6.46, or 9.2%, to $76.53 and [URL='https://www.wsj.com/market-data/quotes/NVDA']Nvidia[/URL] [URL='https://www.wsj.com/market-data/quotes/NVDA?mod=chiclets']NVDA 7.59% [/URL]rose $13.54, or 7.6% to $191.93. [/LIST] [LIST] [*][B]USOil –[/B] steady at [B]$81.50,[/B] as USD decline and expectations of rising Chinese demand support crude prices. [*][B]Gold –[/B] breaks 9-month high today, extending to $1,941.40 high. [*][B]BTC [/B]– extends above 23,000 area. For how long?[URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-24_09-19-33.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-24_09-19-33.jpg[/IMG][/URL] [/LIST] [B]Today – [/B]German, Eurozone, UK and US flash S&P Global PMIs are due today. New Zeleand and Australian Inflation for Q4 is also on tap. [URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-24_09-21-48.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-24_09-21-48.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]USDJPY [/B](-0.45%). Rejects 130.70 for a 3-day in a row. MAs aligned lower, MACD histogram & signal line are close to neutral zone. RSI 42 & flat, H1 ATR 0.200, Daily ATR 1.920. [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 : 25th January 2023. Market Update – January 25 – Asian markets return to hot AUD & NZD Inflation.[/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] Many Asian markets back ([B]China[/B] & [B]Taiwan[/B] remain closed all week) and higher today, [B]NYSE[/B] suffered tech meltdown (250+ stocks paused trading on Open) [B]US Stocks[/B] mixed following a raft of [B]uninspiring Earnings[/B].[B] #MSFT[/B] had its weakest quarterly sales growth in 6-yrs but EPS beat. -0.22% on the day & -1.02% after hours. [B]PMI data[/B] from EZ & US weak, but better than expected, [B]UK[/B] data weak & missed. [B]USDIndex[/B] recovered 102.00, [B]EUR[/B] close to 9-mth highs. Hot [B]CPI[/B] (8.4% & 32-yr high vs 7.6%) in [B]AUD[/B] on bid & it lifts the outlook for hikes from RBA 7/2. AUD over 0.7100 close to 6-mth highs, [B]NZD[/B] CPI also hotter than expected. [B]Gold[/B] $1930, [B]USOIL[/B] holds $80.00,[B] BTC[/B] $22.7k. [LIST] [*]The [B]USD Index[/B] rallied to 102.20, on Tuesday, before PMI & Earnings weighed and it trades at 101.60 today. [*][B]EUR[/B] – holds over 1.0900 now, having tested below [B]1.0845 [/B]yesterday, following a new 9-mth high at 1.0925 on Monday. [*][B]JPY[/B] – Hit resistance at 131.00 and support at 130.00 yesterday, back to 130.40 now. [*][B]GBP – [/B]Sterling hit [B]1.2260 [/B]and 5-day lows following the weak PMI data, a revision of ONS data that showed UK to be the 2nd slowest growing of the G7 nations and record Government borrowing in December. ( [*][B]Stocks –[/B] The US markets traded very mixed yesterday amid concerns over Earnings (-0.27% to +0.96%). [B]US500[/B] -0.07%, (-2.86) [B]4016 [/B]band holds the key [B]4000[/B] level [B]US500[/B] FUTS trade at [B]4019. #MSFT[/B] had its weakest Q4 sales growth in 6-yrs but EPS beat, stock fell -0.22% on the day & -1.02% after hours. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-25_09-11-22.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-25_09-11-22.jpg[/IMG][/URL] [LIST] [*][B]USOil – [/B]topped at $82.58 on Monday and declined to test before inventories data showed a build of 8.4 million barrels (vs. an expected drawdown of 2.4 million barrels) and prices rallied to $81.50 and holds at $81.00 now. [*][B]Gold –[/B] has hit 9-mth highs today at [B]$1935[/B] again today and trades at $1930 now. The spectre of CB’s reluctant to talk pivot and season factors help the key commodity. [*][B]BTC [/B]– Continues to hold the [B]$20k [/B]handle this week and is back to test $21k today. [/LIST] [B]Today – [/B]German Ifo, [B]BOC Policy Announcement[/B] [B]Earnings[/B] from ASML, [B]AT&T[/B], [B]Tesla[/B], [B]Boeing, IBM[/B] & Abbott. [URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-25_09-13-56.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-25_09-13-56.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]AUDNZD [/B](+1.21%). Rallied from 1.0800 yesterday to trade at[B] 1.0960 [/B]now[B].[/B] MAs aligned higher, MACD histogram & signal line positive & rising. RSI 85.12, OB & stalling, H1 ATR 0.00205, Daily ATR 0.0070. [URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-25_09-13-07.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-25_09-13-07.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…