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HotForex: New market analysis services.
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[QUOTE="HFM, post: 198418, member: 32345"] [b]Date : 17th August 2021. Market Update – August 17 – Sentiment weak, USD holds 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]USD ([B]USDIndex[/B] 92.70) ticks higher again, on risk aversion as Virus concerns (partic. [B]NZ[/B] which will enter new nationwide lockdown) and news from Afghanistan weighs. Yields (10yr 1.25%) lower and Asian markets are lower after ATH closes on Wall Street again ([B]USA500 4479[/B]) even after big reverse for Empire State Manu. Index. [I][B]Overnight[/B][/I] – [B]RBA minutes[/B] weigh on [B]AUD[/B] “would be prepared to act in response to further bad news on the health front should that lead to a more significant setback for the economic recovery.” Better data from JPY (a big beat for Services activity) [B]USOil[/B] up from spike lower at 65.50 to [B]$66.70[/B] and Gold rallies from 1770 over [B]$1790. UK [/B]Jobs day better than expected. [B]European Open[/B] – The September 10-year Bund future is slightly higher, while, but still underperforming versus Treasuries, which have remained supported by ongoing risk aversion, as virus developments and geopolitical developments weigh on sentiment and sap risk appetite. DAX and FTSE 100 futures are down -0.03% and -0.18% respectively. US futures are underperforming and in FX markets the dollar is in demand. EURUSD dropped back to 1.1770, although the EUR was steady to higher against most other currencies. The Pound is struggling more and Cable dipped to 1.3821. [B]Today [/B]– EZ GDP (2nd), US Retail Sales, Industrial production, Fed’s [B]Powell[/B], Kashkari, [B]Earnings[/B] – Walmart. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/08/2021-08-17_09-54-19.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/08/2021-08-17_09-54-19.jpg[/IMG][/URL] [B]Biggest Mover[/B] @ (06:30 GMT) [B]NZDUSD (-1.22%)[/B] Lock news added to worries from RBA across the Tasman Sea earlier in the day and the USD safe haven bid. Crashed from [B]0.7025[/B] at open and [B]0.7060[/B] highs last week to [B]0.6920[/B] now. Faster MA’s aligned lower, MACD signal line & histogram below 0 significantly and moving lower, RSI 17.80; OS but still falling. H1 ATR 0.0014, Daily ATR 0.0058. [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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