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HotForex: New market analysis services.
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[QUOTE="HFM, post: 197985, member: 32345"] [B]Date : 2nd August 2021. Market Update – August 2 – USD consolidates at lows.[/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 – USD up from 1-month lows [/B]([B]USDIndex[/B] [B]92.00[/B] from [B]91.75[/B] Friday) – Chinese & Asian stock markets rise, despite weak Chinese PMI & other Asian data. US equity markets closed lower on Friday (-0.54% [B]USA500[/B] [B]4395) [/B] led by [B]-7.56%[/B] fall for [B]AMZN[/B]. [B]Yields[/B] closed the week down at [B]1.239%[/B]. [B]Overnight[/B] – [B]HSBC [/B]beat earnings significantly, adding to good news from other European banks. AUD housing market still hot, JPY consumer confidence ticks up, German Retail sales bounce back significantly. [B]Gold[/B] down again at [B]1808[/B], [B]USOil[/B] also down, but up from a test of [B]72.00, [/B]earlier. [B]Week Ahead – [/B]Another key week to start the month[B] – RBA, BoE, CAD Jobs, NFP &[/B] a raft of[B] PMI [/B]data. [B]European Open[/B] – DAX & FTSE 100 futures up 0.5% & 0.4% respectively, US futures posting gains of 0.5-0.6% after an upbeat session across Asia-Pacific region overnight. In FX markets both EUR & GBP little changed against USD, with [B]EURUSD[/B] at [B]1.1873[/B] & [B]Cable[/B] at [B]1.3909[/B]. China jitters eased & there was some progress on the (much reduced) US infrastructure spending plan, which helped underpin sentiment. Virus developments in Asia continue to cause worries, but for Europe at least the hope is that advanced vaccination campaigns will allow economies to get through this wave without the type of restrictions that could seriously hurt the recovery. Central banks are cautious though as there are still lingering risks that will likely also keep the BoE in wait & see mode this week. [B]Today [/B]– EU, UK, US [B]Manufacturing PMI[/B] (Final), US [B]ISM Manufacturing PMI[/B] [B]Earnings[/B]: AXA, Heineken, [URL='https://analysis.hotforex.com/wp-content/uploads/2021/08/2021-08-02_09-54-38.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/08/2021-08-02_09-54-38.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]AUDNZD[/B] ([B]+0.19%[/B]) Has moved up from [B]1.0517[/B] [B](2021 and 33 week lows)[/B] on Friday. Weak breach of 21 EMA earlier, Faster MA’s aligned higher, MACD signal line & histogram under 0 line but moving higher, RS 55, neutral but rising, Stochs rising and already into OB zone. H1 ATR 0.0008, Daily ATR 0.0051. [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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