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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 218038, member: 32345"] [b]Date : 28th February 2023. Market Update – February 28 – End Of Month Account Balancing.[/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] After the worst week since September for [B]stock markets[/B] last week, on Monday the US and Europe markets closed flat and end of month profit taking and account balancing has tipped Asia into the red today. The [B]USD[/B] tested 2023 highs (105.35) yesterday but is lower today. Overnight: [B]Japan [/B]reported strong CPI (3.15), Housing and Retail Sales data [B]AUD[/B] Retail sales picked up (1.9% vs. -4.0%) and [B]GER[/B] Import prices were weaker than expected as energy prices continue to decline. [LIST] [*][B]FX[/B] – [B]USD Index [/B]tested into [B]105.35,[/B] just 4 pips shy of the 2023 high yesterday, back to 104.75 now. [B]EUR [/B]tested lows at 1.0530 before recovering [B]1.0600, JPY [/B]breached [B]136.00[/B] & trades at 136.606 now. [B]Sterling [/B]rose over 0.98% yesterday (1.2070), its biggest daily gain in more than seven weeks. British Prime Minister Rishi Sunak struck a deal with the European Union on post-Brexit trade rules for Northern Ireland. Back to 1.2035 now. [*][B]Stocks –[/B] The US markets held on to gains after a strong open. (+0.22% to +0.63%) Movers – [B]#TSLA [/B]+5.46% & [B]Zoom[/B] gained +7% after hours on strong outlook. [B]US500[/B] 0.31% (12.20) [B]3982, [/B] [B]US500[/B] FUTS [B]3979 [/B]now[B]. [/B] [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-28_09-34-49.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-28_09-34-49.jpg[/IMG][/URL] [LIST] [*][B]Commodities – USOil – [/B]Futures dropped to test $75.00 lows, yesterday, before recovering to $76.25 today. [B]Gold –[/B] tested the support level at $1805 yesterday before recovering to $1810 now. [*][B]Cryptocurrencies – BTC [/B]– Back to test $[B]23k[/B] again today from last week’s rejection of [B]$25k.[/B] [/LIST] [B]Today – [/B]French & Spanish Prelim. CPI, Swiss KOF, Canadian GDP, [B]US Chicago PMI,[/B] [B]Consumer Confidence,[/B] Speeches from BoE’s Pill, Cunliffe & Fed’s Goolsbee. [URL='https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-28_09-19-34.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-28_09-19-34.jpg[/IMG][/URL][URL='https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-28_09-20-36.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-28_09-20-36.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]NZDUSD [/B](-0.28%). Declined to 0.6130 yesterday before recovering to 0.6180 and back to 0.6145 now. MA’s aligned lower, MACD histogram & signal line negative & declining, RSI 38.60, H1 ATR 0.00080, Daily ATR 0.00637. [URL='https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-28_09-33-21.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/02/2023-02-28_09-33-21.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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