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: 218356, member: 32345"] [b]Date : 9th March 2023. Market Update – The DAMAGE has been done![/b] [URL='https://analysis.hfm.com/wp-content/uploads/2021/05/fear_1200x628.png'][IMG]https://analysis.hfm.com/wp-content/uploads/2021/05/fear_1200x628-696x364.png[/IMG][/URL] The[B] damage from the Fed has been done and fears of an upshift[/B] to a faster pace of rate hikes this month, along with an even higher terminal rate and for a longer period of time, saw yields cheapen further. [B]ADP[/B] and [B]JOLTS[/B] showed a still hot labor market. [B]USD[/B] steady at [B]105.60[/B], [B]Treasury[/B] [B]yields[/B] nudged higher overnight, as did [B]JGB[/B] rates ahead of the current [B]BoJ[/B] meeting.The [B]curve[/B] inverted further to [B]-108 bps[/B] from -104.8 bps Tuesday, the most inverted since 1981. [B]BOC [/B]left the policy rate unchanged at 4.50%, a tie for the highest rate since 2007 and indicated it would continue its quantitative tightening strategy. [B]Overnight: China’s[/B] Feb consumer inflation slowed (1.0% from 2.1%), Producer deflation deepened. In [B]Japan Kazuo Ueda nomination[/B] as the next central bank governor was [B]approved[/B], signing off on a new leadership that will be tasked with steering a[B] smooth exit from ultra-loose monetary policy.[/B] [LIST] [*][B]USD hovers near 3-month high at 105.66[/B] now. [B]Euro[/B] held [B]1.0520 floor[/B], [B]Sterling[/B] at [B]1.1850.[/B] [B]Yen[/B] gained some ground against USD, pullback to [B]136.60[/B]. The [B]Loonie lost some ground[/B], but is recovering with [B]USDCAD[/B] at [B]1.3820 (4-month high)[/B] [*][B]Stocks – US100[/B] rose by [B]0.40%[/B] to close [B]to 12,252[/B]. The [B]US500[/B] +[B]0.14%. The US30 [/B]dropped [B]-0.18, [/B]slid to [B]32,740 today.[URL='https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-09_09-05-30.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-09_09-05-30.jpg[/IMG][/URL][/B] [*][B]Commodities – USOil – extended losses to $76.19. [/B]Steady today below PP at [B]$76.70,[/B] as US crude stocks fell 1.7 million barrels (more than expected) and hopes for China demand (China’s crude oil imports fell 1.3%) contended with worries that more aggressive US interest rate rises would slow economic growth and dent oil consumption. [*][B]Gold –[/B] in a tight range at $[B]1811-$1816.[/B] Ahead of Jobs Gold may bounce to [B]$1,825[/B] before falling towards Feb. 28 low. [*][B]Cryptocurrencies – BTC [/B]– below 50-DMA, retests at $[B]21,536. [/B]Key supports at Feb low at[B] 21,280[/B] and year’s gap[B] (19,888-20,350).[/B] [/LIST] [B]Today – US Initial Jobless claims.[/B] [URL='https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-09_09-34-16.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-09_09-34-16.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]CADJPY [/B](-0.49%). Plummeted to [B]98.99[/B]. MAs aligned lower, MACD histogram & signal line remain well below 0 and falling RSI 35 but flat, H1 ATR 0.137, Daily ATR 0.729. [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. [/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…