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HotForex: New market analysis services.
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[QUOTE="HFM, post: 196745, member: 32345"] [b]Date : 24th June 2021. Market Update – June 24 – Tepid Markets ahead of big data day.[/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] – Sideways Wednesday into tepid Thursday, ahead of a busy day. [B]USA100 +0.13% [/B]to new ATH again[B], [/B]TSLA +5%, Dow & S&P500 flat, USD dips & recovers, [B]USDIndex [/B]91.80[B]. [/B]Global PMIs overall positive (partic. Manu.) New Home Sales big miss with prices at record highs. [B]Overnigh[/B]t Asian markets also tepid. [B]US 10yr yields[/B] 1.49%. [B]EUR[/B] holds at 1.1925,[B] JPY[/B] spiked to 111.10 (now 110.85) & [B]Cable[/B] spiked to 1.4000 now down to 1.3960. [B]Gold[/B] rotates at $1775, [B]USOil[/B] spiked to $73.25 after inventories drawdown was twice as large as expected. Holds over $72.60 now. Much reduced (1.5 tn) bipartisan Infrastructure plan “agreed” & being presented to Biden today, possible re-start of Iran nuclear talks next week. Kaplan & Bostic both hawkish & expecting Inflation to “stick”. [B]European Open[/B] – September 10-year Bund future fractionally higher, US futures also little changed, while in cash markets US 10-yr rate has lifted 0.5 bp to 1.49%. DAX & FTSE 100 futures marginally higher, US futures slightly outperforming, but overall moves have been very tepid so far. [B]Today [/B]– German Ifo, US Initial/Continued Jobless Claims, GDP (Final, Q1), Durable Goods and New Zealand Trade Balance, [B]BoE Rate Decision[/B], [B]Fed’s[/B] Williams, Barkin, Bostic, Bullard, Harker, Kaplan; [B]ECB’s[/B] Schnabel, Panetta, and supply from the US [URL='https://analysis.hotforex.com/wp-content/uploads/2021/06/2021-06-24_09-51-52.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/06/2021-06-24_09-51-52.jpg[/IMG][/URL] [B]Biggest FX Mover @ (06:30 GMT) NZDCHF [/B]([B]+0.23%[/B]) Day 4 of strong rebound from [B]0.6395[/B] close on Friday. rallied to 0.6485 (R1) today. R2 sits at [B]0.6505[/B]. Faster MAs aligned higher, RSI 67 and rising, MACD signal line and histogram rising remain significantly above 0 line. Stochs rising and testing OB zone again. H1 ATR 0.0006 Daily ATR 0.0045. [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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