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[QUOTE="HFM, post: 194635, member: 32345"] [b]Date : 27th April 2021. Market Update – April 27 – Caution ahead of FED.[/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] – The short term virus outlook remains difficult in places such as [B]India,[/B] which is keeping a lid on growth expectations near term, although looking ahead, confidence that the global recovery will rebound later in the year remains intact. [B]Central banks[/B] meanwhile seem successful in[B] keeping a lid on reflation trades for now,[/B] although the risk is that with monetary policy failing to take the foot off the accelerator, they will add to bubbles and over-valuations that could be difficult to correct smoothly. The [B]BoJ[/B] already announced steady policy settings and lifted the growth forecast slightly overnight, while in Europe, the [B]Swedish Riksbank[/B] is expected to do the same and the [B]Fed,[/B] which begins its 2-day meeting today, is also likely to do the same. Meanwhile, China’s anti-trust crackdown has also come into focus again. [B]10-year Treasury yields are up[/B] 0.9 bp at 1.58%, still firmly below recent highs. [B]JGB[/B] rates lifted 0.9 bp to 0.069%. Stock markets across the region traded cautiously. [B]JPN225[/B] lost -0.3%. The ASX dropped nearly 1%, while Hang Seng and CSI 300 are currently up. [B]GER30[/B] and [B]UK100[/B] futures are fractionally lower, while US futures are posting gains of around 0.2%. In FX markets the Yen was under pressure and [B]USDJPY[/B] lifted to 108.40. The [B]AUD [/B]and [B]NZD fell [/B]as caution reined in markets ahead of the Fed. The EUR fell to 1.2064, while GBP is unchanged. USOIL is trading at $62.46 per barrel. JPMorgan Chase JPM.N is planning to offer a managed bitcoin fund. BTC holds at 53.5K [B]Today[/B] – The [B]FOMC[/B] kicks off its 2-day meeting today, while data releases in Europe are thin on the ground, but include the UK CBI retailing survey. The heavy [B]earnings[/B] slate will be the focus today, featuring Microsoft, Alphabet, Visa, Novartis, Eli Lilly, Texas Instruments, UPS, Amgen, Starbucks, Raytheon, HSBC, 3M, AMD, BP, Mondelez, Chubb, Sherwin-Williams, Corning, ADM, Yum China, Synchrony Financial, PulteGroup, Hasbro, Invesco, and Hubbell. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/04/2021-04-27_09-39-24.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/04/2021-04-27_09-39-24.jpg[/IMG][/URL] [B]Biggest (FX) Mover @ 07:30 GMT + 13.6%) – Ripple [/B]reverses 6-day drift, Cryptos were supported by Musk and Tesla – the firm said it did sell some of the crypto (in its Q1 earnings call) but only as ‘proof of concept’ the coin could be used in place of cash and also on reports that JPMorgan Chase JPM.N is planning to offer a managed Bitcoin fund. In the 1-hour chart, momentum is rising higher with fast MAs aligned higher, while RSI is at 71 with MACD extending northwards again. ATR (H1) at 0.06176 & ATR (D) at 0.3011. [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] Andria Pichidi 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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