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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 217005, member: 32345"] [b]Date : 26th January 2023. Market Update – January 26 – BOC Pause, TESLA Beat, USD at Lows.[/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]HK[/B] markets reopened today and rallied +2.15%, other Asian markets were softer following a weak handover from [B]Wall Street[/B] (opened -1.6% but recovered to close [B]flat[/B]) [B]Gold[/B] remains at 9-mth highs and [B]USD[/B] at 8-mth lows. The Dovish 25bp hike from the [B]BOC[/B] hit the CAD (USDCAD hit 1.3430 from 1.3340); – the key phrase the Bank – [B]“expects to hold the policy rate at its current level while it assesses the impact of cumulative interest rate increases.” [/B]Speculation building that the BOC could even be raising rates before year end. [B]#TSLA[/B] (+0.38%) Earnings beat (+5.5% after hours) record deliveries (with 1.8-2.0 possible 2023), magins held up & the 20% price cuts kicked-in. [B]MUSK[/B] talked of deep recession and more cost cutting for year ahead. [B]Gold[/B] $1940, [B]USOIL[/B] over $80.00,[B] BTC[/B] breaches $23k. [LIST] [*]The [B]USD Index[/B] has tested the 8-mth low at 101.25, today, trades at 101.40 now ahead of another busy economic data day . [*][B]EUR[/B] – holds over [B]1.0900[/B] now, posting 9-mth highs at 1.0929 today, following 1.0925 on Monday. [*][B]JPY[/B] – Sank below support at [B]130.00 [/B]yesterday, and tested back to [B]129.00[/B] today, before Japanese minister warning of not letting speculators dominate JPY movements. [*][B]GBP – [/B]Sterling has rallied over [B]1.2400 [/B]today to test 1.2410 resistance. [*][B]Stocks –[/B] The US markets closed flat (-0.18% to +0.03%) yesterday amid concerns over Earnings. [B]US500[/B] -0.02%, (-0.73) [B]4016 [/B]band holds the key [B]4000[/B] level [B]US500[/B] FUTS trade firmer at [B]4042. IBM. AT&T [/B]both beat, whilst [B]Boeing[/B] numbers were mixed. In Europe today [B]Diageo[/B] and[B] SAP[/B] have both posted strong beats, lifting European stocks (+0.60%) at open. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-26_09-15-50.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-26_09-15-50.jpg[/IMG][/URL] [LIST] [*][B]USOil – [/B]topped at $81.00 yesterday before dipping to $79.50 after inventories showed a 0.5 million barrel build compared to expectations of 1.2m after two weeks of huge builds. Trades at $80.40 now. [*][B]Gold –[/B] Tested into $1949 earlier today from $1922 support yesterday, and trades at $1940 now. [*][B]BTC [/B]– Continues to hold the [B]$22k [/B]handle this week, spiking to $23.7K earlier today and holds [B]$23k[/B] currently. [/LIST] [B]Today – [/B]US Durable Goods, [B]GDP Advance/PCE Prices Advance (Q4)[/B], Weekly Claims, New Home Sales, Japanese CPI, SARB Policy Announcement, [B]Earnings[/B] from Diageo (beat), STMicroelectronics, Nokia, SAP (beat) [B]LVMH[/B], Comcast, [B]Intel [/B]& [B]Visa.[/B] [URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-26_09-11-12.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-26_09-11-12.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]NZDCAD [/B](+0.24%). Rallied from 0.8620 post BOC lows yesterday to test [B]0.8700[/B] & trades at 0.8680now[B].[/B] MAs aligned higher, MACD histogram & signal line positive & rising. RSI 53.10 & stalling, H1 ATR 0.0012, Daily ATR 0.0073. [URL='https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-26_09-15-05.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/01/2023-01-26_09-15-05.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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