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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 217476, member: 32345"] [B]Date : 9th February 2023.[/B] [HEADING=2]Market Update – February 10 – Hawkish Fedspeak & a Japanese Surprise[B].[/B][/HEADING] [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]FEDSpeak[/B] – in virtual union about higher rates (along with [B]Dimon[/B] “too early to declare victory vs. inflation”) – Fed Funds terminal rate now 5.122%. [B]USDindex[/B] holds at 1-mth highs in flat FX markets, US10yr yield 3.653. Google’s AI the “Bard” bombed (got a wrong answer in a promo demo) – [B]#Alphabet[/B] shares tanked -9% at one point but closed -7.7% before recovering back to flat after hours. [B][I]One to Watch at US Open later,[/I][/B] along with [B]#DISNEY[/B] – Earnings & Revenue beat (+5.4% after hours)- [B]Iger[/B] announced 7k job losses (3.6%) as [B]Disney+[/B] subscribers fell for first time since launch in 2019. [B]#TOYOTA[/B] profits up 23% overnight & [B]Siemens[/B] & [B]Volvo[/B] earnings also beat too. [B]USOIL[/B] up again to $78.50, [B]Gold[/B] holds key $1880, [B]BTC[/B] $22.6k. [LIST] [*][B]FX[/B] [B]USD Index [/B]holds at [B]103.00[/B] but a tad cooler today at 103.13, [B]EUR [/B]holds over [B]1.0700 [/B]at 1.0734, [B]JPY[/B] holds over [B]131.00[/B] at 131.25 and [B]Sterling[/B] (best performer overnight) is testing [B]121.00 [/B]from 1.2025 lows on Wednesday. [*][B]Stocks –[/B] The US markets tanked (-0.61% to 1.68%) led by [B]#Alphabet[/B] [B]US500[/B] -1.11% (-46.14) [B]4117, [/B]holding the key[B] 4100.[/B] [B]US500[/B] FUTS struggled at 4175 resistance, [B]4145 [/B]now[B]. [/B] [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-09_09-30-02.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-09_09-30-02.jpg[/IMG][/URL] [LIST] [*][B]Commodities – USOil – [/B]Futures rallied again to trade at $78.50 today from $72.20 lows on Monday. [B]Gold –[/B] Advanced from $1865 lows yesterday to $1880 resistance again now. [*][B]Cryptocurrencies – BTC [/B]– Tested $22.3k lows yesterday, before lifting back to $22.7k now. [/LIST] [B]Today – [/B]EU Leaders Summit (inc.[B]Zelenskiy[/B]), US Weekly Claims, Speeches from BoE’s [B]Bailey[/B], Pill, Tenreyro, Haskel, ECB’s de Guindos, . [B]Earnings[/B] PepsiCo, Phillip Morris, AbbVie, PayPal & Kellogg. [URL='https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-09_09-30-36.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-09_09-30-36.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]GBPAUD [/B](+0.65%). Sank from a test of 1.7450 yesterday to 1.7350, before rallying again to 1.7380 today. MA’s now flat, MACD histogram & signal line positive but declining, RSI 48.75 & neutral, H1 ATR 0.00200, Daily ATR 0.01558. [URL='https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-09_09-32-06.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-09_09-32-06.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. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [B]Date : 10th February 2023. Market Update – February 9 – FedSpeak supports USD, but the Bard bombs.[/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]FEDSpeak[/B] (Barkin) – remains Hawkish – Stocks fell again the [B]NASDAQ[/B] tumbled -1.02%, while the [B]S&P 500[/B] slid –0.88%, and the [B]Dow[/B] lost -0.73%. [B]#TSLA[/B] (+3.00%) bucked the trend. All eyes on the credit market as the 2/10yr rate remains 80 bp+ inverted 7 Terminal rate edges higher to 5.15%. Weekly Claims Overnight [B]RBA[/B] [B]mins.[/B] more hawkishness and worries over higher inflation, [B]China[/B] [B]CPI[/B] dipped, [B]Japanese PPI[/B] unchanged, and potential new BOJ Governor [B]Amamiya[/B] – “appropriate to maintain ultra loose monetary policy” and the “Yield Curve Controls do not need more flexibility”. However, [B]UK GDP[/B] -0.5% December, avoids recession by a whisper. Raft of other data biased to the upside. [B]USOIL[/B] cools but holds $78.00, [B]Gold[/B] lost close to 2% and [B]BTC[/B] down over 5% at $21.8k as the SEC turns up the regulation heat. [B]BREAKING _[/B] [B][URL='https://www.facebook.com/hashtag/jpy?__eep__=6&__cft__[0]=AZUkgpC_o3UNUr10b-ZSayjapAfS5U12d65jf0TqqDV7vDiX_Fp4CKMccAczOUSsvJwu2B6XvKZth_npsUpLk_uGbZw70L671a2fwyjYDwph5n8emh3BKquwS9psKnGkLRW1_ezGn89ORlDOSdmhXsz9&__tn__=*NK-R']#JPY[/URL] [/B]rallies +1.00% as NIkkei report that [B]Kazuo Ueda[/B] is the preferred candidate to replace Gov. Kuroda. Aa apparent less Dovish candidate than other candidates. [B][URL='https://www.facebook.com/hashtag/usdjpy?__eep__=6&__cft__[0]=AZUkgpC_o3UNUr10b-ZSayjapAfS5U12d65jf0TqqDV7vDiX_Fp4CKMccAczOUSsvJwu2B6XvKZth_npsUpLk_uGbZw70L671a2fwyjYDwph5n8emh3BKquwS9psKnGkLRW1_ezGn89ORlDOSdmhXsz9&__tn__=*NK-R']#USDJPY[/URL][/B] down to 130.80 from 131.85 highs earlier today. [LIST] [*][B]FX[/B] – [B]USD Index [/B]holds [B]103.00[/B] at 103.13, up from 102.50 lows yesterday, [B]EUR [/B]holds over [B]1.0700 [/B]at 1.0734, down from a 1.0790 on Thursday, [B]Sterling[/B] ran from 1.2060 lows to 1.2180 highs yesterday before testing back to [B]1.2100[/B] now. [*][B]Stocks –[/B] The US markets slumped again (-0.61% to 1.68%) led by [B]#GOOGL[/B] -4.54% [B]US500[/B] -0.88% (-36.36) [B]4081, [/B]breaching the key[B] 4100.[/B] [B]US500[/B] FUTS [B]4088 [/B]now[B]. [/B] [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-10_09-19-17.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-10_09-19-17.jpg[/IMG][/URL] [LIST] [*][B]Commodities – USOil – [/B]Futures topped at $78.50 yesterday before sinking to $76.50 and back to $77.70 now and heading for a [B]+5%[/B] gain this week. [B]Gold –[/B] tanked from $1890 highs yesterday to $1854 lows before recovering $1860. [*][B]Cryptocurrencies – BTC [/B]– Tested $21.6k lows today, down [B]-8.7%[/B] from the weekly high on Wednesday over $23.4k. [/LIST] [B]Today – Canadian Jobs Report[/B], US UoM Consumer Sentiment, ECB TLTRO III, [B]EU Leaders Summit[/B], Speeches from Fed’s Waller & Harker, ECB’s Schnabel, BoE’s Pill. [URL='https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-10_09-50-57.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-10_09-50-57.jpg[/IMG][/URL][URL='https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-10_09-51-26.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-10_09-51-26.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]GBPJPY [/B](-0.72%). Tanked on the Nikkei scoop regarding next BOJ Governor. Sank from a test of 159.60 earlier to 158.00 now. MA’s now lower, MACD histogram & signal line positive but declining, RSI 26.05 & OS, H1 ATR 0.2900, Daily ATR 1.558. [URL='https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-10_09-56-48.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-10_09-56-48.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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