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[QUOTE="HFM, post: 196668, member: 32345"] [b]Date : 22nd June 2021. Market Update – June 22 – Signs of Volatility.[/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] – Volatility back – [B]Equities rebound, USD slips [/B]from recent highs but[B] USDIndex[/B] holds at [B]92.00[/B]. US Equities recover ([B]USA500[/B] +58pts to 4224 ([B]+1.40%[/B]), Asian markets also recover. US 10 yr yields bounce too; [B]1.49%. [/B] [B]EUR[/B] under [B]1.1900, [/B]from 1.1920, [B]JPY[/B] up to [B]110.50[/B] & [B]Cable[/B] back to [B]1.3900[/B]. [B]Gold[/B] holds at [B]1780, [/B] [B]USOil[/B] spiked to [B]$73.80[/B] (Oct 2018 high). [B]UKOil[/B] over [B]$75.00[/B] and April 2019 high) on the back of the Iranian news, [B]OPEC[/B] still not talking production increases and growing global demand. Biden making positive noises over much reduced $1 trillion Infrastructure Bill. [B]CB-Speak Powell[/B] at sub-committee inflation has “increased notably” labor market “continue to improve,” [B]Williams[/B], “US economy hasn’t improved enough, inflation will hit 3%”[B] Bullard[/B] “strong labor market” as the country’s (GDP) is observing a growth of almost 7%. [B]Lagarde[/B] the ECB will keep a “very close eye on wage growth” she was also more optimistic on the outlook. [B]Week Ahead[/B] – [B]BOE[/B] Super Thursday, [B]Powell[/B] Testifies to Congress 18:00 GMT Tuesday and a week of PMI data. US lots of [B]Fedspeak[/B] has [B]GDP[/B], CPE, Housing and US Durable Goods. [B]European Open[/B] – Sep 10-year Bund future down 8 ticks, pretty much matching Treasury futures. DAX & FTSE 100 futures both up 0.3% & US futures also slightly higher after a strong close on Wall Street yesterday. Markets are getting over the Fed’s hawkish tilt, as officials continue to stress that inflation will be transitory, suggesting that any tapering will be very gradual and dependent on economic developments. [B]Today[/B] – EUR Consumer Confidence (Flash) & US Existing Home Sales, Fed’s [B]Powell[/B], Daly, Mester, ECB’s Lane & Schnabel. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/06/2021-06-22_09-47-52.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/06/2021-06-22_09-47-52.jpg[/IMG][/URL] [B]Biggest FX Mover @ (06:30 GMT) AUDUSD [/B](-[B]0.35%[/B]) yesterday’s rally from [B]0.7475[/B] stalled at [B]0.7545[/B] and has declined to [B]0.7520[/B] today. Under PP and 20Hr MA. Next support [B]0.7500[/B] and S1 at [B]0.7494[/B]. Faster MAs moved lower, RSI 46 and neutral, MACD signal line and histogram rising but weak break of 0 line. Stochs OS since 20Ma break. H1 ATR 0.0010 Daily ATR 0.0065. [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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