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[QUOTE="HFM, post: 198976, member: 32345"] [b]Date : 6th September 2021. Market Update – September 6 – USD off post NFP lows.[/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] [LIST] [*]USD ([B]USDIndex[/B] 92.18) continues at lows following NFP headline miss (pushed to 91.91) – although rest of report was strong; taper expectations slipping to Nov-Dec. [*][B]Yields[/B] held on to gains & flattened (10yr 1.322%), while [*][B]Equities slipped [/B]ahead of long weekend ([B]USA500[/B] -0.03% @ 4535, FUTS at 4538 now). Nikkei + 2% looks like Covid Minister ([B]Taro Kono[/B]) will be new PM. [*][B]USOil[/B] crashes following price cuts from Saudi Arabia to Asian customers. From [B]$70.00+[/B] on Friday down to [B]$68.00[/B], now. [*][B]Gold[/B] holds Fridays gains (rallied from $1805 to $1832 peak) trades at $1827 now.) [*][B]Overnight[/B] – Asian stock markets were mixed, Nikkei lead markets higher on leadership talk. Chip shortages continue to gain headlines (Mercedes “through 2022”, GM factories on “idle”, CBI in UK warn of problems for “at least 2 years”.) NZ to ease Covid lockdowns, cases in Australia to peak within two weeks (emphasis now on vaccinations; 75% of NSW/Victoria popn. has now had first vax.) [/LIST] [B]Week Ahead RBA,[/B] (Tuesday) [B]BOC[/B] (Wednesday) and top of the shop [B]ECB[/B] (will Ms Lagarde talk taper dates?) – key US data is [B]PPI[/B] (Friday) and JOLTS (Wednesday). Plus EU & JPY GDP (Tuesday), Chinese inflation (Thursday) and Canadian jobs (Friday). [B]European Open[/B] – December 10-yr Bund future down 8 ticks, US futures also fractionally lower. US payroll number headline may have been weaker than expected, but was strong in the details& against that background markets still seem to waiting for ECB to announce a slight tapering in monthly asset purchase levels this week. Lagarde will play down the importance though & is likely to once again stress the forcefully dovish guidance on the rate outlook & highlight the fact that asset purchases at levels seen in the first quarter would still mean sizeable support. DAX and FTSE 100 futures are up 0.1% and U.S. futures are also fractionally higher. In FX markets EUR and Sterling declined against a largely stronger dollar, leaving [B]EURUSD[/B] and [B]Cable[/B] at [B]1.1872[/B] and [B]1.3851[/B] respectively. [B]AUD[/B] & [B]NZD[/B] gave given up some of the least two weeks gains ahead of RBA tomorrow. [B]USDJPY[/B] has lifted to [B]109.80[/B] from Fridays close at 109.67. [B]Today [/B]– [B]US & Canada closed for Labor Day [/B]German Industrial Orders, EZ & UK Construction PMIs, EZ Sentix Index. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/09/2021-09-06_09-53-28.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/09/2021-09-06_09-53-28.jpg[/IMG][/URL] [B]Biggest Mover[/B] @ (06:30 GMT) [B]AUDUSD (-0.30%) [/B] Slioped from 0.69% gain on Friday into 0.7445 close, to 0.7480 now. Faster MA’s now flat, MACD signal line & histogram still above 0 line but falling RSI 53.30 and flat. Stochs rising from OS zone. H1 ATR 0.0009, Daily ATR 0.0062. [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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