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: 195185, member: 32345"] [b]Date : 10th May 2021. May 10 – GBP skyrockets, USD down, Crypto and Metals in the spotlight.[/b] [URL='https://analysis.hotforex.com/wp-content/uploads/2020/12/copper-1.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2020/12/copper-1-696x364.jpg[/IMG][/URL] [B]Market News Today[/B] – The overall tone in stocks remained positive through the Asian part of the session, after Wall Street shrugged off the disappointment of the US jobs report on Friday and took solace in the fact that the data will back the Fed’s dovish tone. Many Asian indices moved higher, while bonds struggled. [B]JPN225[/B] gained 0.4% today, the ASX more than 1% after strong business confidence data. Hang Seng and CSI 300 underperformed and corrected -0.5% and -0.8% respectively against the background of anti-trust efforts and lingering US-China tensions. [B]GER30[/B] and [B]UK100[/B] futures are up 0.3% and 0.4% respectively, alongside gains in US futures. In FX markets, the[B] US Dollar[/B] sank to a 2-month low at 90.18. The [B]GBP[/B] rallied to a 10-week high after local elections provided a boost to PM Johnson and seemed to fend off demands for another independence referendum in Scotland. [B]Cable[/B] is trading at [B]1.4062[/B] and [B]EURGBP[/B] at 08640. [B]EURUSD[/B] meanwhile dropped slightly to 1.2150. USDJPY lifted to 108.98 as the Yen weakened across the board. [B]CAD[/B] and [B]AUD[/B] were supported. [B]USOIL[/B] is traded at $65.36 per barrel, after a key US pipeline was forced shut by a[URL='https://www.reuters.com/article/uk-global-oil/oil-rises-1-after-cyber-attack-forces-closure-of-us-fuel-jugular-pipeline-idUSKBN2CR032'][B] cyber attack (Colonial Pipeline).[/B][/URL] [B]Copper[/B] skyrocketed to 4.869. [B]Ethereum[/B] extended this month’s record run, surging more than 5% to an unprecedented $4,148.88. The second-biggest digital token has rallied 41% so far in May. Bitcoin rallied but remains below 60K after Elon Musk called dogecoin a “hustle” during his guest-host spot on the “Saturday Night Live” comedy sketch TV show. [B]Treasury supply will be a focal point this week[/B] as the $126 bln May refunding is on tap, and includes $58 bln in 3-year notes Tuesday, $41 bln in 10-year notes Wednesday, and $27 bln in 30-year bonds Thursday. Yields plunged on Friday following the jobs miss, but rebounded into the close as the market looked ahead to the upcoming supply. The wi 3-year traded 2 bps richer at 0.315% late Friday, with the wi 10-year fractionally cheaper at 1.590% and the wi 30-year 3.5 bps cheaper at 2.280%. Rates here would be the richest in two months for the 3- and 30-year maturities, and since March for the 10-year. Many of the auctions this year have shown sputtering demand, leading some to worry that demand for Treasuries is diminishing. This week’s auctions will be an interesting test, especially given richer rates alongside uncertainties over inflation, and now the job market. [B]Today[/B] – Virus developments remain encouraging and with central banks still providing support, it seems the recovery remains on track. Today’s data calendar is pretty quiet, but includes UK house price data. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/05/2021-05-10_09-55-31.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/05/2021-05-10_09-55-31.jpg[/IMG][/URL] [B]Biggest (FX) Mover @ (07:30 GMT)[/B] [B]GBPJPY [/B](+0.92%) rallied from 7-week highs at 153.30 today.[B] [/B]Faster MAs remain aligned higher, RSI crossed 70 and still points upwards, MACD histogram & signal line aligned higher extending away from 0 line. Stochs rising to test OB zone. H1 ATR 0.218, Daily ATR 0.990. [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]
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…