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HotForex: New market analysis services.
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[QUOTE="HFM, post: 198883, member: 32345"] [b]Date : 2nd September 2021. Market Update – September 2.[/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] Trading should remain quiet and confined in the lead up to the employment report. The markets were mixed to open September with the [B]USA100[/B] extending gains to another record high. Longer dated Treasuries also rallied while the front end of the curve cheapened fractionally. The data were mixed and didn’t provide any strong direction. Additionally, limiting action were concerns over the spike in the Delta variant, increased mitigation measures, [B]slowing in growth, high valuations on Wall Street, rich Treasury yields, and angst over monetary policy[/B] amid[B] increasing hawkish talk[/B] from various Fed officials and now from some ECB members. [LIST] [*][B]China tech stocks gain for 4 days straight – “Buying the dip” sentiment from months of sell off despite China firing fresh regulatory Salvo. [/B] [*]Biggest tech stock rally in record – Tech stocks power [B]USA100[/B] to record highs. [*][B]Tesla’s[/B] China output halted for days last month on chip shortage – lack of key chips , electric control devices for vehicles. [*][B]Treasury[/B] [B]futures[/B] are also fractionally higher, while in cash markets the US 10-year rate has lifted 0.2 basis points. [B]GER30[/B] and [B]UK100[/B] futures are down -0.2% and -0.1% respectively, [B]USA100[/B] at new record highs, [B]Topix[/B] and [B]JPN225[/B] are up 0.03% and 0.19% respectively. [*]Australia’s trade data was a positive surprise with the trade surplus reaching a record high in July, but there are concerns that activity will correct in Q3 thanks to Covid measures, after better than expected Q2 data yesterday. If the [B]RBA[/B] doesn’t postpone planned tapering it could further hit the economy. [*][B]USD [/B]([B]USDIndex[/B] 92.45) extending 12-day decline. [*][B]USOil declined [/B]to $68.00 after OPEC+ alliance agrees to return more barrels. [*][B]Gold[/B] steadied to 1,810-1,817. [/LIST] [B]Today [/B]– Data releases today includes data for Switzerland and Eurozone PPI inflation and weekly jobless claims,July trade report and factory orders from the US. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/09/2021-09-02_09-58-24.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/09/2021-09-02_09-58-24.jpg[/IMG][/URL] [B]Biggest Mover[/B] @ (06:30 GMT) [B]JPN225[/B] [B](+0.19%) Crossed 20-DMA[/B], reversing more than 40% of 2021’s decline this week. Faster MAs flattened suggesting consolidation in the short term. The MACD signal line & histogram are falling lower since yesterday’s peak and RSI steadied at 56. H1 ATR 77.68, Daily ATR 398.75. [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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