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[QUOTE="HFM, post: 200043, member: 32345"] [b]Date : 2nd October 2021. Market Update – October 4 – USD Holds, Inflation & Evergrande worries persist.[/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] [LIST] [*]USD ([B]USDIndex 94.00[/B]) holds at highs but down from Thursday 94.50 high. Strong US data on Friday [B](ISM[/B] [B]Manu PMI[/B] [B]61.1[/B], [B]PCE[/B] [B]4.3%[/B] & [B]UoM[/B] 72.8. Its NFP Jobs and Pandora Papers week. [*][B]Yields[/B] [B]hold at recent highs[/B] (10yr closed [B]1.465%[/B]) now at [B]1.47% [/B]in Asian trades (huge spike to 1.567% last week cooled but Yields “on notice”) China closed until Thursday, HK Property group (Hopson) has offered $5bn for 50% of Evergrande Real Estate. Contagion still a worry. [*][B]Equities rallied on Friday, [/B](Merck[B] +8.37%) [/B]anti-viral drug Covid drug[B]) USA500[/B] +49.0 (+1.5%) at [B]4357 [/B](but remains weak) USA500.F lower [B]4330.[/B] Asian equities mixed. [B]VIX[/B] closed at 21.20 Friday – trades at [B]22.15[/B] now. [*][B]USOil[/B] holds at [B]$75.20[/B] ahead of today’s OPEC+ which is expected to agree “gradual” production increases, amid supply bottlenecks and inventory drawdowns. [*][B]Gold[/B] holds at [B]$1760[/B] following last weeks collapse to [B]$1720[/B] as yields rocketed. 20-day MA [B]$1765. [/B] [*][B]FX markets USD bid[/B] – [B]EURUSD 1.1600, Cable[/B] [B]1.3550,[/B] & [B]USDJPY[/B] [B]111.00.[/B] [/LIST] [B]Week Ahead – RBA [/B]Rate Decision[B] – ([/B]less Dovish ? but with Covid cases still climbing[B]) [/B]Jobs Week [B]– RBNZ [/B]Rate Decision (delayed rate hike coming?), Jobs week [B]NFP – [/B](460k vs 235k), [B]ADP[/B] 430k vs 374k & [B]Claims[/B] 350K vs 362k. Plus more PMI data. [B]European Open[/B] – The December 10-year Bund future is up 8 ticks at 170.30, Asian stock markets traded mixed, but DAX and FTSE 100 are up 0.4%, in catch up trade, after news from Merck lifted Wall Street on Friday. The boost, which also seemed to underpin the outperformance of the ASX in Asia seems to be waning though as China angst and [B]mutterings of stagflation fears weigh on sentiment. Today [/B]– EZ Sentix Index, US Factory Orders, ECB’s de Guindos, de Cos, Fed’s Bostic & Bullard, [B]OPEC+[/B] and Eurogroup meetings. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/10/2021-10-04_09-56-10.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/10/2021-10-04_09-56-10.jpg[/IMG][/URL] [B]Biggest Mover[/B] @ (06:30 GMT) [B]CADJPY (+0.24%) [/B]Continued Friday’s rally from [B]87.20[/B] low to test resistance at [B]88.00[/B] again. Faster MAs aligned higher, MACD signal line & histogram rallying higher, RSI 55.50 and neutral. H1 ATR 0.157, Daily ATR 0.882. [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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