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: 196338, member: 32345"] [b]Date : 11th June 2021. Market Update – June 11 – Market relaxed on inflation fears.[/b] [URL='https://analysis.hotforex.com/wp-content/uploads/2019/06/london_1200x628.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2019/06/london_1200x628-696x364.jpg[/IMG][/URL] [B]Market News Today[/B] – Gilt yields closed higher after stronger than expected US inflation numbers, while Eurozone bonds, in particular BTPs, got a boost from the ECB announcement, which affirmed the commitment to keep monthly PEPP purchases “significantly” higher than at the start of the year. [B]The ECB is essentially in wait and see mode and seems to be focusing very much on the outlook for the travel and tourism sector against the background of new virus variants[/B]. Central banks successfully convinced markets that the spike in inflation is transitory and after the spike in US inflation yesterday, the Eurozone May inflation round will likely look tame by comparison. In Asia, [B]Australia and New Zealand bonds found buyers,[/B] but in South Korea bonds extended losses after comments from the central bank’s chief economist on normalizing policy. For now the factors driving the jump look transitory, but there are some lingering concerns that it could become entrenched and there was talk that [B]central bankers willdiscuss tapering at the Jackson Hole meeting over the summer.[/B] In Europe, the bunch of data releases out of the UK at the start of the session was largely bond friendly, despite monthly GDP being a tad weaker than expected at 2.3% and industrial and manufacturing production unexpectedly dropping -0.3% and -1.3% respectively. The visible trade deficit meanwhile remains sizeable at around GBP 11 bln. In FX markets the [B]Yen[/B] struggled and USDJPY lifted to 109.42, while the [B]EUR[/B] strengthened and EURUSD is at 1.2192, while [I]Cable[/I] is little changed at 1.4182. [B]Stock markets mostly managed slight gains as markets continued to digest the uptick in US inflation. [/B] [B]JPN225[/B] is up 0.04%, [B]GER30[/B] and [B]UK100[/B] futures are still up 0.1% and 0.2% respectively and US futures are also higher, led by a 0.11% rise in the [B]USA100. USOIL [/B]is at $70.14 per barrel. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/06/2021-06-11_09-48-06.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/06/2021-06-11_09-48-06-1024x844.png[/IMG][/URL] [B]Biggest FX Mover – USA100 just a breath below 14k.[/B] Currently the rally has stalled, with fast MAs flattened along with RSI at 63 while Stochastic is sloping lower pointing to 20 barrier. ATR (H1) at 17.70 and ATR (D) at 142.70. [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…