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[QUOTE="HFM, post: 199240, member: 32345"] [B]Date : 13th September 2021. Market Update – September 13 – Tech stocks fall, USD up.[/B] [URL='https://analysis.hotforex.com/wp-content/uploads/2021/06/NASDAQ_USA100_STOCK-2.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/06/NASDAQ_USA100_STOCK-2-696x340.png[/IMG][/URL] [B]Market News[/B] • USD [B](USDIndex[/B] 92.75) up as the rise in inflation and recovery in risk appetite weighed on bonds and as the policy outlook lifts US Treasury Yields, hence supporting USD. There have been a string of voices calling for [B]Fed tapering to begin sooner rather than later, even if Covid-19 cases are surging[/B].[B] But as the ECB showed, one can wrap a taper in dovish guidance on rates and thus prevent a taper tantrum.[/B] • [B]Equities struggled again, with China’s tech sector once again hit hard by the country’s regulatory clampdown[/B] amid a report that officials want to break up A[URL='https://www.ft.com/content/01b7c7ca-71ad-4baa-bddf-a4d5e65c5d79']nt Group Co’s Alipay[/URL]. Online platforms have also been told to protect the rights of workers. • [B]JPN225[/B] down (-0.30%). But US equities up for the day, with [B]USA500[/B].F bottomed at the [B]4470-4477[/B] area. [B]USA100[/B] declined -0.87%, along with the USA30. • [B]Toyota[/B] downgraded projections for this year’s vehicle production numbers and China issued warnings that the[B] chip shortage [/B]could last a while which will all add to the arguments of those saying [B]ultra-accommodative monetary policies[/B] are only adding to existing [B]imbalances between demand and supply[/B] that are pushing up prices at the moment. • [B]Apple[/B] down – follows “unfavourable” court ruling related to its app store, just days before it unveils the new iPhone line up. [URL='https://www.ft.com/content/01b7c7ca-71ad-4baa-bddf-a4d5e65c5d79'][B]Alphabet[/B] [/URL]down, with [B]Google[/B] Play revenue also in doubt.[URL='https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-market-rally-retreats-epic-apple-sell-off-tesla-self-driving-release/']Tesla[/URL] down to 735.11 low. • [B]Yields[/B] down again, with 10-year -1.4 bp at 1.33%. • The [B]CHF[/B] is lower to start the week, [B]EUR[/B] and [B]GBP[/B] have also dropped back against a largely stronger [B]US Dollar.[/B] • [B]USOil[/B] up to $70.17, supported by growing signs of supply tightness in the US as a result of Hurricane Ida. About 3/4 of the US Gulf’s offshore oil production has remained halted since late August. • [B]Yesterday[/B] – [B]SNB[/B] vice-president Zurbruegg said over the weekend that negative interest rates remain necessary to keep a lid on the currency, which suggests a steady hand announcement for [B]Switzerland.[/B] In the US, [B]Democrats[/B] are set to float 26.5% Corporate Tax. [B]Today – A cautious start to a week that will bring key inflation data for the US and the UK ahead of next week’s central bank announcement. The SNB decision is also coming into view.[/B] [URL='https://analysis.hotforex.com/wp-content/uploads/2021/09/2021-09-13_09-59-13.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/09/2021-09-13_09-59-13.jpg[/IMG][/URL] [B]Biggest Mover[/B] @ (06:30 GMT) [B]EURCAD (-0.38%)[/B] dip from1.4990 to 1.4924. Faster MAs aligned lower, MACD signal lines steady at 0, implying indecision, but RSI at 41. H1 ATR 0.0015, Daily ATR 0.00839. [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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