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HotForex: New market analysis services.
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[QUOTE="HFM, post: 196619, member: 32345"] [b]Date : 21st June 2021. Market Update – June 21 – USD remains Bid, Equities and Yields lower.[/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]USD holds onto gains from last week.[/B] USDIndex over [B]92.00[/B]. US Equities lost over 1.5% ([B]USA500[/B] -55pts to 4166 ([B]-1.31%[/B]), Dow -1.58%) & Asian markets (save China) very weak ([B]Nikkei -3.3%[/B]). US 10 yr yields @ [B]1.39%[/B] (4 week low) & [B]30yr yields under 2%[/B] (4 mth low). [B]JPY, AUD & NZD[/B] tad stronger to open. [B]EUR[/B] down to [B]1.1875[/B], [B]JPY[/B] [B]110.00[/B] & [B]Cable[/B] [B]1.3815[/B]. [B]Gold[/B] dived to [B]$1760[/B] on Friday back to [B]$1778[/B] now. [B]USOil[/B] spiked down to [B]$69.80[/B] on Friday back to [B]$72.00[/B] now, over the weekend Iranian Nuclear talks broke down & Iran elected a very hardliner new president. US Senate coming together on much reduced $1 trillion Infrastructure – Biden unhappy. Bullard talked of tapering & Kashkari of no rate rises until 2024. [B]Week Ahead[/B] – BOE Super Thursday, [B]Powell[/B] Testifies to Congress Tuesday and a week of PMI data. US lots of Fedspeak has GDP, CPE, Housing and US Durable Goods. [B]European Open[/B] – Markets continue to adjust the changed rate outlook, with the hawkish turn at the Fed weighing on shorter dating bonds, while bringing down rates at the long end. The September 10-year Bund future is up 33 ticks, US futures are outperforming. Reflation trades are being unwound and while the actual lift off in rates is still a long way off, even in the US, [B]it is clear that the period of ever rising monetary support is coming to an end.[/B] Stocks are struggling in this environment and DAX and FTSE 100 futures are down -0.9% and -0.7% respectively. US futures are also in the red, after Japanese markets led a sell off overnight. [B]Today[/B] – ECB weekly bond purchases, Williams, [B]Bullard[/B], Kaplan and ECB’s [B]Lagarde[/B] [URL='https://analysis.hotforex.com/wp-content/uploads/2021/06/2021-06-21_09-52-58.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/06/2021-06-21_09-52-58.jpg[/IMG][/URL] [B]Biggest FX Mover @ (06:30 GMT) NZDUSD [/B]([B]+0.51%[/B]) recovered from last weeks sell-off ([B]0.7150[/B] – [B]0.6925[/B]) pushed to [B]0.6972[/B] earlier, breaking 20Hr MA. Faster MAs remain aligned higher, RSI 50 and starting to rise but remains from neutral, MACD signal line and histogram rising but remain below 0 line. H1 ATR 0.0014 Daily ATR 0.0071. [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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