Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Advertisements
Advertisements
HotForex: New market analysis services.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="HFM, post: 198808, member: 32345"] [b]Date : 31st August 2021. Market Update – August 31.[/b] [URL='https://analysis.hotforex.com/wp-content/uploads/2020/10/Syock-and-Virus.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2020/10/Syock-and-Virus-696x386.png[/IMG][/URL] [B]Market News Today [/B] Treasuries extended gains overnight. The advent of month-end with a large duration extension, momentum from the break of 1.30% on the 10s, the lack of supply, and Covid worries have underpinned. Concurrently, stocks firmed led by a 0.9% jump in the [B]USA100[/B] and a 0.43% gain in the [B]USA500,[/B] both at fresh record highs of 15,265 and 4,528, respectively. The USA30 lost altitude and closed with a -0.16% loss. Signs that China’s economy is struggling thanks to virus measures and the regulatory clampdown weighed on the market. [LIST] [*]China’s official PMI readings meanwhile showed the manufacturing number dipping to just 50.1, while the services reading fell back into contraction territory for the first time since early last year, at just 47.5. [*]Japan’s jobless rate unexpectedly improved, but factory output declined, as did Australia building approvals. [*]The [B]Delta[/B] variant is also leaving its mark on economies across the region. C[B]ovid surges in US.[/B] [*]EU to reimpose travel curbs to US. [*]USD ([B]USDIndex[/B] 92.45) weakened as there is no clear signal on the Fed’s tapering timeline. [*][B]Equities [/B]are mixed as [B]Topix[/B] and [B]JPN225 [/B] managed to rise 0.7% and 1.2% respectively, also helped by stronger than expected retail sales numbers. [*][B]Overnight[/B] – [B]USDJPY [/B]fell back to 109.81. The Yen declined against most other currencies though. [B]NZDUSD[/B] jumped to 0.7062. NZD and AUD strengthened as lockdowns in NZ were seen successfully lowering new COVID-19 infections, while the Aussie was stronger after building permits raised hopes its economy could avoid recession. [*][B]USOil [/B]is trading at $69.14 as traders assess the prospect for an easing of output restrictions ahead of the OPEC+ meeting. [*][B]Gold[/B] rose to 1,819, [B]Platinum [/B]down over 4%, [B]Silver[/B] down 5.4% for the month, [B]Palladium[/B] heads for its worst monthly performance in seven months. [/LIST] [B]Today [/B]– Calendar includes Eurozone inflation, German unemployment, Canadian GDP for Q2 and US Consumer Confidence. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/08/2021-08-31_09-45-17.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/08/2021-08-31_09-45-17-1024x816.jpg[/IMG][/URL] [B]Biggest Mover[/B] @ (06:30 GMT) [B]NZDUSD[/B] [B](+0.94%) [/B]Spikes to 0.7062 from 0.6995. It is retesting the 3-month Resistance area at 0.7000-0.7100. Faster MA’s aligned higher. The MACD signal line & histogram rising. RSI at 78 and rising. H1 ATR 0.0012, 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] 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]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…