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HotForex: New market analysis services.
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[QUOTE="HFM, post: 199580, member: 32345"] [b]Date : 21st September 2021. Market Update – September 21 – Evergrande worries weigh.[/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[/B] [LIST] [*]USD ([B]USDIndex[/B] 93.17) holds gains but down from 20 day high at 93.43. CAD recovers after Trudeau gets minority majority and 3rd term. [*][B]Yields[/B] collapsed yesterday (10yr down to 1.309% from 1.37% on Friday.) [*][B]Equities tanked globally, Evergrande worries persist. [/B]([B]USA500[/B] -75 (-1.7%) at [B]4357[/B]. USA500.F ticks higher [B]4375.[/B] Some recovery into close was evident & Tuesday calm is following Monday’s carnage. (Tech giants down around 3% –[B] TSLA [/B]hardest hit -3.86%). DAX worst of majors -2.3%. Nikkei down 2%. China, Taiwan & S. Korea still closed. [B]VIX[/B] spiked to [B]26.80,[/B] highest since May. [*][B]USOil[/B] breached under [B]$70.00 [/B] yesterday to $[B]69.69, [/B]since recovering to $70.50. [*][B]Gold[/B] tested down to [B]$1742, [/B] recovered $1750, trades at $1763 now. [/LIST] [B]Overnight – [/B]RBA minutes[B] – [/B]nothing new – Delta variant has “delayed, but not derailed, the recovery”, the economy will “bounce back”, “conditions for rate rise will not be met until 2024”. [B]AUD [/B]back to[B] 0.7275, AUDJPY[/B] up to [B]79.75[/B] from test of [B]79.00[/B] yesterday. [B]European Open[/B] – December 10-yr Bund future unchanged on the day, US futures slightly lower. In Europe, [B]Riksbank[/B] kicks off this week’s round of central bank meetings, which include [B]Norges Bank[/B], [B]BoE[/B] & [B]SNB[/B] on Thursday. There is also news from central banks in [B]Japan,[/B] Brazil, Hungary, Indonesia, Norway, the Philippines, South Africa, Sweden, Switzerland, Taiwan & Turkey this week. However, FOMC will take centre stage & while stock markets seem to be stabilising after yesterday’s rout, volatility is likely to remain high ahead of tomorrow’s announcement[B] DAX[/B] and [B]FTSE 100[/B] futures are up [B]0.4%[/B] and [B]0.6%[/B] respectively, while a [B]0.5%[/B] rise in the Dow Jones is leading a pick up in U.S. futures. In FX markets both EUR and pound gained ground as the dollar struggled with the strengthening of risk appetite. [B]EURUSD[/B] is at [B]1.1735[/B] and [B]Cable[/B] at [B]1.3675.[/B] [B]USDJPY [/B]dropped to [B]109.30 [/B]yesterday recovering to [B]109.56[/B] now. [B]Today [/B]– Riksbank rate decision, US housing starts & building permits, ECB’s de Guindos [URL='https://analysis.hotforex.com/wp-content/uploads/2021/09/2021-09-21_09-53-45.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/09/2021-09-21_09-53-45.jpg[/IMG][/URL] [B]Biggest Mover[/B] @ (06:30 GMT) [B]CADJPY (+0.85%) [/B]Trudeau result lifts CAD. From [B]87.00[/B] on Friday to under [B]85.00[/B] Monday and back to [B]86.00[/B] now. Faster MA’s aligned higher, MACD signal line and histogram below 0 line but rallying. RSI 60 and rising. H1 ATR 0.170, Daily ATR 0.70. [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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