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HotForex: New market analysis services.
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[QUOTE="HFM, post: 197101, member: 32345"] [B]Date : 5th July 2021. Market Update – July 5 – USD subdued, Bonds leap & Stocks hold gains.[/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] – The [B]Dollar weakened, Bonds & Stocks rallied [/B] following NFP ([B]850k vs 700k[/B] but an uptick for Unemployment & patchy Earnings) and ahead of long weekend. Asian markets follow through overnight – but big miss for Chinese Services PMI’s virus developments and China’s bid to curb the influence of internet giants quells the rally. [B]Yields; [/B]the biggest driver – 10yr lost [B]-3.31%[/B], 5yr -4.77% & 30yr -1.97%. [B]USDIndex holds 92.30[/B], [B]USA 500[/B] [B]4352. [/B](Tech stocks lead rally (GOOGL[B]+2.30%[/B]) [B]Overnigh[/B]t AUD building approvals weaker but Retail Sales better. [B]EUR[/B] [B]1.1855[/B],[B] JPY[/B] down to [B]111.00[/B] & [B]Cable[/B] tests up to [B]1.3835[/B]. [B]Gold[/B] still rotates at [B]$1785[/B], [B]USOil[/B] Holds over [B]$74.00[/B] at 74.35 as OPEC issues rumble on. [B]Week Ahead – [/B]FOMC Minutes, RBA Rate Decision, ECB Growth Forecasts & Special Strategy Meeting. [B]European Open[/B] – The September 10-year Bund future is fractionally higher, while in cash markets the 10-year Bund yield is unchanged at -0.24%. Other Eurozone bond markets are underperforming in early trade, while U.S. markets remain closed today for the observance of July 4 Independence Day. DAX and FTSE 100 futures are up 0.03% and 0.106% respectively, suggesting a cautious start to trading today. US Stock FUTS in the red so far. [B]Today [/B]– OPEC developments continue as the UAE and Saudi disagree over quotas; – EZ & UK PMIs (Final) ECB speak and US Independence Day. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/07/2021-07-05_09-54-46.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/07/2021-07-05_09-54-46.jpg[/IMG][/URL] [B]Biggest Mover @ (06:30 GMT) Copper [/B]([B]+1.59%)[/B] Rallied from [B]4.222[/B] lows on Friday to test [B]4.350[/B] (20-day MA) today. Faster MAs aligned higher, RSI 73.50 OB but still rising, MACD signal line and histogram rising remain significantly above 0 line. Stochs rising and also in OB zone. H1 ATR 0.0150 Daily ATR 0.0950. [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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