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HotForex: New market analysis services.
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[QUOTE="HFM, post: 197158, member: 32345"] [b]Date : 6th July 2021. Market Update – July 6 – A weaker USD; RBA, OPEC & Kiwi hog the headlines.[/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 continued to weaken[/B], strong EZ & UK data lifted European markets, England to lift most restrictions by July 19. [B]OPEC[/B] meeting abandoned, OIL prices hit 3-year high (Brent [B]$77+[/B]). Overnight [B]RBA[/B] no change but bond purchases extended for 6 months but at lower rate, “conditions will not be met before 2024.” [B]NZD[/B] rallied (1.14%) on strong data and 2021 interest rate rise expectations, dragging [B]AUD[/B] higher (0.98%). Asian equities firmer. [B]USDIndex[/B] under [B]92.00[/B], [B]EUR 1.1890[/B], [B]JPY[/B] under 111.00 at [B]110.75[/B] & [B]Cabl[/B]e tests up to [B]1.3900[/B]. [B]Gold[/B] breaches [B]$1800[/B], [B]USOil[/B] over $75.00 at[B] $75.85.[/B] German manufacturing orders missed significantly (-3.7%) but previous reading was revised sharply higher (+1.2%). [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 slightly lower, as are US futures, while in cash markets the US 10-year rate has lifted 2.0 bp to 1.444%. Dax & FTSE100 FUTs are weaker on stronger GBP & EUR with German data weighing. [B]Today [/B]– EZ & UK Construction PMI, German ZEW, US Final Services & Composite PMI, [B]ISM Services PMI[/B], ECB’s de Cos, de Guindos. Day 1 of the [B]ECB Strategy Review[/B] meeting. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/07/2021-07-06_09-48-07.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/07/2021-07-06_09-48-07.jpg[/IMG][/URL] [B]Biggest FX Mover @ (06:30 GMT) NZDUSD [/B]([B]+1.06%)[/B] Rallied from 0.7020 zone yesterday, which was up from Fridays NFP low of 0.6945, to breach [B]0.7100[/B] on very strong reversal in business confidence today. Faster MAs aligned higher, RSI 82.38 and significantly OB but cooling, MACD signal line and histogram rising remain significantly above 0 line. Stochs. also in OB zone, but also cooling. H1 ATR 0.0015 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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