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[QUOTE="HFM, post: 199711, member: 32345"] [b]Date : 24th September 2021. Market Update – September 24 – Yields Leap higher.[/b] [URL='https://analysis.hotforex.com/wp-content/uploads/2021/05/ANALYSIS-LONDON.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/05/ANALYSIS-LONDON-696x365.png[/IMG][/URL] [B]Market News[/B] [LIST] [*]USD ([B]USDIndex 93.10[/B]) weakened to Wednesday lows (92.94) post [B]BOE[/B], [B]SNB[/B], Norges Bank, CBRT, [B]weak PMI’s & Claims [/B]and Evergrande missing interest payment deadline – AND no comments from the company. US Federal budget – stand-off continues. [*][B]Yields[/B] [B]stormed higher overnight[/B] (10yr closed higher at 1.336%) jumped 10bps to [B]1.434% [/B]in Asian trades (highest since March 2020) [*][B]Equities rallied again over 1%, [/B]sentiment rises but Evergrande worries persist ([B]HSBC, UBS & Blackrock[/B] – exposed to a total of [B]$875m[/B]). Total offshore exposure – $20bln of the $300bln. [B]USA500[/B] +53 (+1.21%) at [B]4448[/B]. USA500.F lower at [B]4433.[/B] Dow +1.48%. [B]NIKE & Costco[/B] beat Earnings. Asian mixed – Nikkei +2%, China lower. [B]VIX[/B] tumbles again to [B]20.50 [/B] [*][B]USOil[/B] continues to recover breaches [B]$73.00 [/B]– GS talk of $85+ if there is a cold winter. [*][B]Gold[/B] dropped to [B]$1737 [/B](31 day low) has recovered to [B]$1755 [/B]now. [/LIST] [B]Overnight – NZD [/B]trade balance tanked, [B]JPY[/B] CPI & Manu & Services PMI all missed, [B]UK[/B] Consumer Confidence halved (-13 vs -7). [B]European Open[/B] – December 10-yr Bund future down -24 ticks, alongside broad losses in US futures. [B]Norway[/B] kicked off [B]rate hikes in Europe, BoE[/B] is also inching towards reduced stimulus which together with Fed tapering hints this week seems to have triggered a market shift. Stocks weren’t too spooked by the yields rise, but uncertainty over Evergrande’s USD coupon payments and lingering concern that China’s property boom could implode and the growth engine running out of steam has seen equity markets turning more cautious once again. [B]DAX[/B] future currently down -0.1%,[B] FTSE 100[/B] future little changed. FX markets flat – [B]Sterling[/B] holds up, [B]JPY[/B] weaker – [B]EURUSD[/B] at [B]1.1732[/B] & [B]Cable[/B] at [B]1.3725[/B] [B]USDJPY[/B] recovered to [B]110.50. Today [/B]– German IFO, US New Home Sales, FedSpeak Williams, Mester, Clarida, [B]Powell,[/B] George, ECB’s Elderson, BoE’s Tenreyro. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/09/2021-09-24_09-49-02.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/09/2021-09-24_09-49-02.jpg[/IMG][/URL] [B]Biggest Mover[/B] @ (06:30 GMT) [B]GBPJPY (+0.22%) [/B]3 day rally from summer low at [B]149.40[/B] continues after Hawkish BOE. spiked to [B]151.70[/B] earlier. Faster MAs aligned higher, MACD signal line & histogram broke 0 line yesterday, RSI 74.50 OB but still rising. H1 ATR 0.150, Daily ATR 0.695. [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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