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HotForex: New market analysis services.
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[QUOTE="HFM, post: 198210, member: 32345"] [b]Date : 9th August 2021. Market Update – August 9 – Gold dips to 1681.[/b] [URL='https://analysis.hotforex.com/wp-content/uploads/2021/01/commodities.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/01/commodities-696x364.png[/IMG][/URL] [B]Market News Today – Bonds across Asia-Pacific were mostly under pressure, while stocks moved higher. [/B]September 10-year Bund future is down 5 ticks at 176.45, [B]outperforming slightly versus US futures. [/B]That ties in with pressure on bond markets during Asian hours. Japan is on holiday today, but elsewhere concern over China’s regulatory clampdown eased, which helped [B]underpin risk appetite,[/B] as did progress on the US infrastructure plan, which is expected to be signed off by the Senate early this week. Part of the move higher in local markets will also be catch up trade following the[B] stellar US jobs report[/B] last week. The spread of the [B]Delta variant[/B] continues to cloud over the outlook for global growth & that is also a key reason behind the slide in [B]oil prices[/B]. [B]GER30[/B] and [B]UK100[/B] futures are currently down -0.1% and -0.2% respectively and US futures are also posting losses of around -0.1/0.2%. In FX markets both [B]EUR[/B] and [B]GBP[/B] are little changed against the [B]USD[/B] at 1.1763 and 1.3870 respectively. USD ([B]USDIndex[/B] 92.74) & Yields (10yr 1.297%) both higher. [B]JPY[/B] eased to 110.18, while [B]USOIL[/B] prices continued to slide, currently to $66.32 per barrel. [B]Gold[/B] slipped to a more than 4-month low today. [B]Today [/B]– Data releases today focus on [B]German[/B] trade data which [B]beat expectations in June[/B] in rising 1.3% m/m, after a mere 0.4% m/m in the previous month. Import growth meanwhile slowed to 0.6% m/m from 3.4% m/m, which left the sa trade surplus of EUR 13.6 bln, up from EUR 12.8 bln in May. Elseswhere we have[B] Jolts Job Openings[/B] and [B]FOMC speeches from Bostic and Barkin (voters).[/B] [URL='https://analysis.hotforex.com/wp-content/uploads/2021/08/2021-08-09_09-58-00.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/08/2021-08-09_09-58-00.jpg[/IMG][/URL] [B]Biggest Mover[/B] @ (06:30 GMT) Gold slipped to a more than 4-month low today ([B]-4.4%[/B]) Drifted by nearly 82 points from [B]1,764.59[/B] to [B]1,681.83.[/B] Faster MA’s clashed, MACD signal line currently below histogram well below 0, RSI 39, all suggesting that the dip reached its end and correction took over. H1 ATR 12.65, Daily ATR 24.20. [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] Andria Pichidi 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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