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HotForex: New market analysis services.
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[QUOTE="HFM, post: 198603, member: 32345"] [b]Date : 24th August 2021. Market Update – August 24 – USD Cools, Equities, Crude Oil & Gold 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]USD ([B]USDIndex[/B] 93.00) ticks lower but holds at 93.00, Yields (10yr 1.255%) lower too as Asian stock markets follow US markets higher. (USA500 closed +0.85% @ 4479 & FUTS trade at 4485 now). Nasdaq biggest mover +1.55% on formal approval by the US of [B]Pfizer[/B] (+2.5%)/[B]BioNtech[/B] (+9.5%) vaccine. PMI data very mixed yesterday. [B]Overnight[/B] – VP Harris (in Singapore) calls China actions in S. China Sea “intimidation” and “coercive”. [B]USOil[/B] rallied over 5% and trades at [B]$65.50, Gold[/B] moved on USD weakness and holds over [B]$1800 [/B]at $1802 up from Friday’s close at $1778. [B]European Open[/B] – Bonds remained under pressure overnight, as stock market sentiment continued to improve. The September 10-year Bund future is down 9 ticks, U.S. futures are also in negative territory too. DAX and FTSE 100 futures meanwhile are posting gains of 0.16% and 0.21% respectively, pointing to another move higher in indexes today as investors price out an imminent tapering announcement from the Fed. In FX markets haven flows are also reversing, leaving [B]EURUSD[/B] little changed at [B]1.1743[/B] and the Pound underpinned with [B]cable[/B] lifting to [B]1.3743[/B], from a Friday close down at 1.3610. [B]USDJPY[/B] gave up 110.00 yesterday and sits at [B]109.80[/B]. [B]AUD[/B] & [B]NZD[/B] are the best performing of the majors following strong retail sales in NZ. German Q2 GDP a tick higher than expected at 1.6%. [B]Today [/B]– US New Home Sales, ECB’s Schnabel, BOE’s Tenreyro and supply from Germany and the US. G7 to meet regarding Afghanistan. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/08/2021-08-24_09-45-52.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/08/2021-08-24_09-45-52.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]NZDJPY (+0.55%)[/B] Breaks 7-day losing streak, currently up from [B]74.56[/B] low on Friday to test [B]76.03 [/B]today. Currently back to [B]75.97.[/B] Faster MA’s aligned higher, MACD signal line & histogram above 0 significantly and consolidating. RSI 70.82, rising and testing OB zone. Stochs in OB zone. H1 ATR 0.112, Daily ATR 0.69. [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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