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: 218879, member: 32345"] [b]Date : 30th March 2023. Market Update – March 30 – Stocks Recover & USD finds a floor.[/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 Bank jitters continue to ease lifting sentiment again, [B]US stocks[/B] rallied (+1% to +1.79%) led by the [B]NASDAQ, [/B]Asian markets are mixed and European FUTS are positive. The [B]USD[/B] bounced 0.2% but has eased overnight and [B]Yields[/B] drifted sideways. Earnings beats from [B]Micron[/B] (+7.19%) & [B]Lululemon [/B](12.72%) were upbeat surprises too. The [B]YEN[/B] continues it’s volatile week as the Japanese financial year end looms. [B]AUD[/B] recovers from yesterday’s weaker performance. [B]US[/B] Pending Home Sales were better than expected (+0.8% -2.9%) and Oil Inventories significantly lower (-7.5M vs +1.8M) the Fed’s [B]Barr[/B] continued to claim that “many were to blame for Silicon Valley Bank failure”. Overnight: [B]German [/B]CPI North Rhine Westphalia (many more States to follow during the day) March CPI +6.9% vs +8.5% prior. [LIST] [*][B]FX[/B] – [B]USDIndex recovered [/B]0.2% yesterday but remains capped at 102.50, trading at 102.25 now. [B]EUR[/B] holds over [B]1.0800[/B] to trade at 1.0840 now. [B]JPY [/B]continued its volatile week rallying from under [B]131.00[/B] to 132.50 now, [B]Sterling [/B]plotted a 39-day high yesterday at 1.2360, before receding to 1.2325 now. [*][B]Stocks –[/B] US markets rallied lead by tech stocks yesterday (+1.00% to +1.79%) [B]#US100[/B] entered a [I][B]technical bull market[/B][/I] after gaining +20% from its December low and the [B]#US500[/B] closed above [B]4000[/B] and also over its [B]50SMA[/B] for the first time in over three weeks. Major movers also included [B]INTEC [/B]+7.61% & [B]AMZN [/B]+3.1%. [B]US500[/B] +1.42% (+56.54) to [B]4027,[/B] [B]US500[/B] FUTS also higher at [B]4066, [/B]breaking & breaching key 4050 resistance.[B] [/B] [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-30_09-12-46.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-30_09-12-46.jpg[/IMG][/URL] [LIST] [*][B]Commodities – USOil – [/B]Futures declined from [B]$74.00[/B] after EIA Inventories and trades at $73.60 now. [B]Gold –[/B] dipped to $1955 once again, and trades at $1965 now. [*][B]Cryptocurrencies [/B]– [B]BTC[/B] has breached [B]$29k[/B] today and holds $28.5k again. [/LIST] [B]Today – [/B]Swiss KOF Indicator, EZ Consumer Confidence, [B]German CPI,[/B] [B]US Weekly Claims, Q4 GDP & PCE Prices[/B], Banxico & SARB Policy Announcement, [B]CBRT[/B] Minutes, Speeches from Fed’s Barkin, SNB’s Maechler & Moser. [URL='https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-30_09-03-09.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-30_09-03-09.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]EURNZD [/B](-0.30%). Rallied from 1.7300 yesterday to big DAILY resistance at 1.7450 today before turning lower to break 1.7400. MAs aligning lower, MACD histogram & signal line positive but falling, RSI 45.90 & falling, H1 ATR 0.00189, Daily ATR 0.01695. [URL='https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-30_09-30-23.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-30_09-30-23.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]
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…