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HotForex: New market analysis services.
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[QUOTE="HFM, post: 193800, member: 32345"] [B]Date : 5th April 2021. Market Update – April 5 – Thin volumes but US markets open later.[/B] [URL='https://analysis.hotforex.com/wp-content/uploads/2020/08/daily-market-update.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2020/08/daily-market-update-696x364.png[/IMG][/URL] [B]Market News Today[/B] – Quiet today but US is back later – Australia, New Zealand, Singapore, China & Hong Kong closed in Asia, most of Europe, Canada & Latin America all closed. FX markets range bound but [B]USD holds gains after blockbuster NFP data[/B] (916k headline, 156k additional jobs in last 2 months), expectations for upward revisions for other March data and Q1 GDP now 4.6% from 4.3%. Nikkei225 closed up 0.8%. [B]Week Ahead[/B] – [B]RBA[/B] (6th) EU PMIs & [B]FOMC Minutes[/B] (7th), ECB Minutes, Weekly Claims & Powell speech (8th), CAD Jobs & US PPI (9th). FOMC minutes and Fedspeak will be highlights in the coming week now that the jobs data is safely and bullishly out of the way. Despite the good news from the payroll report and other recent data, expectations remain that the Fed is unlikely to change its tune on the [B]lower-for-longer[/B] policy stance and its [B]commitment to accommodation.[/B] The FOMC minutes will be old news, though they will be scrutinized for more information on the dots that showed [I]four members plugging in rate hikes for next year.[/I] Fed Chair Powell’s comments from an IMF panel discussion on the global economy (Thursday) will take centre stage. He’s been the most adamant in supporting the dovish stance. Also speaking this week will be voters Bostic, Evans, and Barkin, along with Kaplan and Bullard. [B]Today[/B] – ISM Services PMI (USD, GMT 14:00) – The ISM-NMI index should rise to 57.5 from 55.3 in February. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/04/2021-04-05_09-59-07.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/04/2021-04-05_09-59-07.png[/IMG][/URL] [B]Biggest (FX) Mover[/B] @ (07:30 GMT) [B]GBPNZD[/B] (+0.24%) rallied from 200MA on open, over 50 MA and R1 (1.9688) now. Upper BB 1.9720. Faster MAs remain aligned higher, RSI 69 and rising to test OB zone, MACD histogram & signal line aligned higher but under 0 line. Stochs rising. H1 ATR 0.0024, Daily ATR 0.0144. [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.hotforex.com/hf/en/trading-tools/economic-calendar.html'][B]HERE[/B][/URL] to access the full HotForex 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.hotforex.com/en/trading-tools/trading-webinars.html'][B]HERE[/B][/URL] to register for FREE! [URL='https://analysis.hotforex.com/'][B]Click HERE to READ more Market news.[/B][/URL] [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]
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