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
HotForex: 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: 190041, member: 32345"] [B]Date : 12th January 2021. Market Update – January 5 – Georgia on everybody’s mind.[/B] [URL='https://analysis.hotforex.com/wp-content/uploads/2018/12/eu_update_1200x628-e1567669197104.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2018/12/eu_update_1200x628-e1567669197104-696x339.png[/IMG][/URL]Trading Leveraged Products is risky [HEADING=2]FX News Today[/HEADING] [B]USD continues to bounce (Day 5)[/B], [B]and Yields up[/B] [B]significantly[/B] as virus worries escalate and political uncertainty swirls. Democrats lodge papers to impeach President Trump if the cabinet doesn’t act to remove him. Neither of which are likely to come to fruition but the symbolism is significant. Equities lower (TSLA -7.82% & TWTR -6.4%), Asian markets mixed (Japan flat). Bitcoin crashed 20% before recovering 50% of loss, Oil recovered & Gold remains pressured by strong Yields. [B]Overnight[/B] – weak Japanese bank lending and the worst UK Retail Sales figures since 1995, +4.8% vs 5.9% & 7.7% in Dec. [B]USDIndex [/B]– 5th day higher from 33-mth low ([B]89.15[/B]) and back over [B]90.00 [/B]but struggled over at 90.70 at 2-day high. Trades at [B]90.40[/B] – PP [B]90.30 –[/B] S1 90.15, R1 90.65 [B]EUR[/B] – 4th day lower – trades under [B]1.2200 (R1) –[/B] 1.2130 (S1) yesterday, for a 18-day low, back to [B]1.2160[/B] now– PP – [B]1.2180. [/B]3 Black Crows on Daily Chart completed. [B][URL='https://analysis.hotforex.com/wp-content/uploads/2021/01/2021-01-12_09-55-49.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/01/2021-01-12_09-55-49.png[/IMG][/URL] JPY – [/B]5th day higher but stalled ahead of [B]104.50 [/B](R2) yesterday[B] – [/B]Trades at[B] 104.12 [/B](PP), R1 104.30, S1 103.92 [B]GBP[/B] – down to [B]1.3450 (S1) [/B]yesterday. Back over 1.3500 and over R1 at [B]1.3555. [/B]PP 1.3510, R2 & 200Hr MA 1.3585 [B]AUD [/B]– Under 0.7700 yesterday to test [B]0.7660 – [/B]back to PP now [B]0.7725 – [/B]R1 0.7750[B], NZD[/B] – Down to [B]0.7150 [/B]yesterday – back to PP [B]0.7180, [/B]R1 0.7210 [B] [/B] [B]CAD [/B]– [B]1.2835[/B] high yesterday – trades at [B]1.2745 [/B](PP & 200MA)[B] – [/B]R1 1.2800 [B]CHF [/B]– Trades at [B]0.8900 [/B]– up from 3 yr lows on Wednesday at [B]0.8757[/B]. PP [B]0.8850[/B] [B] BTC – Major Volatility yesterday – [/B]plunged 20%+ to [B]$29,800[/B]. Retraced over 50% of fall – Back to around [B]$36,400[/B]. [B]GOLD [/B]– Tested 1820 as Yields rose – Trades at [B]1858[/B] now, PP 1840[B] [/B] [B]USOil – $52.70[/B] high Friday[B] – [/B]trades at[B] $51.60 [/B](R1) now[B] – [/B]still elevated, after dip to $51.50. [B]USA500 – [/B]Closed down 25 (-0.66%) [B]3799 – [/B]USA500 FUTS now at[B] 3805. 47[/B] days north of 20SMA (3735). [B]Today [/B]– US NFIB Business Optimism, EIA STEO, BoE’s Broadbent, Fed’s Brainard, Kaplan, Mester, Rosengren, ECB’s de Cos [B]Biggest (FX) Mover[/B] @ (07:30 GMT) [B]NZDCHF[/B] ([B]-0.40%[/B]) Bounced from 200MA on open. Breached PP (0.6384) earlier and tested R1 ([B]0.6400[/B]). Fast MAs aligned and trending higher, RSI 57 and rising, MACD histogram & signal line aligned higher but remains south of 0 line this morning, Stochastics rising to OB. H1 ATR 0.0007, Daily ATR 0.0050. [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] 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. [B]Stuart Cowell Head Market Analyst HotForex 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…