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HFMarkets (hfm.com): New market analysis services.
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[QUOTE="HFM, post: 218795, member: 32345"] [b]Date : 28th March 2023. Market Update – March 28 – Calmer Markets & Weaker USD[/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 Banking stocks rose across the spectrum yesterday into the Asian and European sessions, easing worries over illiquidity and any further bank runs, for now. [B]JPY[/B] is over performing peers after yesterday’s weakness. [B]US Stocks[/B] were mixed and the [B]USD[/B] weaker as Treasury [B]yields [/B]recovered across the curve, but all remain under [B]4%.[/B] European and US FUTS are currently higher. [B]First Citizens Bank[/B] gained +53%, [B]FRC[/B] +11.80%, [B]BAC,[/B] +4.97% led the Wall Street behemoths and [B]Oil stocks[/B] were lifted by a rise in crude prices. Andrew Bailey said too many UK workers were retiring early, EU banking regulator (EBA) warns ” risks in the financial system remain very high” following similar comments from IMF chief yesterday. Overnight: [B]AUD[/B] Retail Sales (0.2% vs. 0.2% & 1.8%) & [B]JPY[/B] Core CPI (2.7% vs 3.0% & 3.1%) both missed significantly. [LIST] [*][B]FX[/B] – [B]USDIndex [/B]drifted lower all day yesterday and has moved down again today to 102.25 now. [B]EUR[/B] rallied from 1.0750 support over [B]1.0800[/B] and continues to rotate round this level. [B]JPY [/B]rejected 200hr MA yesterday at 131.70, down to 130.50 ahead of JPY Inflation data, [B]Sterling [/B]rallied over [B]1.2300[/B] today and holds at 1.2325 now. [*][B]Stocks –[/B] US markets mixed (-0.47% to +0.61%) Major movers outside the banks were [B]GOOG[/B] -2.83% and[B] OXY[/B] +2.53%. [B]US500[/B] +0.16% (+6.5) to [B]3977,[/B] [B]US500[/B] FUTS [B]4018 [/B]now[B]. [/B] [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-28_09-17-16.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-28_09-17-16.jpg[/IMG][/URL] [LIST] [*][B]Commodities – USOil – [/B]Futures recovery continued yesterday from [B]$70.00 [/B]to test previous support level at $73.00 today. [B]Gold –[/B] could not hold the key psychological [B]$2000[/B] level on Friday & breached $1950 yesterday, back to $1955 now. [*][B]Cryptocurrencies [/B]– [B]BTC[/B] fell from $28k after US regulators sued [B]Binance[/B], & CEO Changpeng Zhao for running an “illegal” exchange and a “sham” compliance programme. Zhao called the complaint “unexpected and disappointing.” BTC dipped to $26.5K before recovering $27K. [/LIST] [B]Today – [/B]US Senate Banking Committee re. SIVB, Speeches from ECB’s [B]Lagarde[/B], Enria, BoE’s[B] Bailey[/B], Ramsden & Fed’s Barr, [URL='https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-28_08-52-55.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-28_08-52-55.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]USDJPY [/B](+0.67%). Rejected 200hr MA yesterday at 131.70, down to 130.50 ahead of JPY Inflation data. MAs aligned lower, MACD histogram & signal line negative & falling, RSI 45 & falling, H1 ATR 0.206, Daily ATR 1.910. [URL='https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-28_08-52-21.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-28_08-52-21.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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