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[QUOTE="HFM, post: 194383, member: 32345"] [b]Date : 21st April 2021. Market Update – April 21 – USD gets safe haven bid reprieve.[/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] – [B]US Equities moved down again (-0.68%)[/B] ([B]Netflix[/B] subscribers fell – shares down 11% after close) [B]USD[/B] move off 7-week lows ([B]USDIndex[/B] at [B]91.20[/B]) & [B]JPY[/B] gain safe haven bid as commodity currencies trade mixed. [B]EUR[/B] holds [B]1.2030[/B] & [B]GBP[/B] at [B]1.4000[/B]. 10-yr Yields down at [B]1.56%[/B] mid-march lows. Asian markets down [B]2.0%[/B] and European FUTS off after [B]DAX[/B] -1.55% & [B]FTSE[/B] [B]-2%[/B] yesterday. [B]USOil[/B] holds at [B]$62.00[/B], [B]Gold[/B] up to [B]$1784[/B] and the [B]VIX[/B] up [B]15%[/B] to a [B]21.55[/B] high. [B]Virus rebounding[/B] in [B]Asia[/B] (Tokyo & Osaka in lockdowns, India record daily cases 200k+ per day as cases double every 13 days) and [B]LATAM[/B] (Brazil, Peru, Argentina & Uruguay lead infection spikes). ESL collapses after the 6 English cubs withdraw. [B]Overnight data[/B] – [B]AUD Retail[/B] sales beat significantly, [B]NZD CPI[/B] was a tick better & [B]UK CPI[/B] a tick worse. Xi to attend Biden climate summit for first meeting and Powell is planning to “limit inflation overshooting too far”. [B]European Open[/B] – Bunds slightly higher in opening trade, and the 10-year rate has dropped back -0.2 bp to -0.265%. Peripherals are outperforming for now, which is encouraging, but if risk appetite continues to wane, that will also rely on ongoing ECB support. Treasuries have held yesterday’s gains overnight and are still at 1.56%. DAX and FTSE 100 futures are moving higher, while US futures are paring some of their earlier losses, which suggests somewhat improved sentiment. Data releases at the start of the session included UK inflation numbers, which showed the headline CPI rate rising to 0.7% y/y in March, up from 0.4% y/y in the previous month, but actually slightly lower than feared. Core lifted to 1.1% y/y from 0.9% y/y with base effects playing a role. PPI data meanwhile showed sharply higher input as well as output costs, with the former reaching 5.9% y/y, the latter 1.9% y/y. [B]Today[/B] – Highlights include Canadian inflation, [B]BoC rate decision[/B], BoE’s Ramsden, Bailey, [B]Earnings[/B] from Verizon, ASML (already out – a big beat) Ericsson, Baker Hughes, Halliburton and NextEra. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/04/2021-04-21_09-18-27.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/04/2021-04-21_09-18-27.png[/IMG][/URL] [B]Biggest (FX) Mover @ (07:30 GMT)[/B] [B]VIX.F [/B](+15.00%) Gapped on open after strong day yesterday following stock market weakness and lows of [B]16.82[/B] on Friday. Rallied to [B]21.55[/B] highs. Faster MAs remain aligned higher from yesterday, RSI OB at 73 and cooling , MACD histogram & signal line aligned higher and over 0 line from Friday. Stochs OB zone and cooling. H1 ATR 0.47, Daily ATR 0.98. [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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