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[QUOTE="HFM, post: 200135, member: 32345"] [b]Date : 4th October 2021. Oil market hold near 7-year high.[/b] [URL='https://analysis.hotforex.com/wp-content/uploads/2020/04/netflix.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2020/04/netflix-696x364.png[/IMG][/URL] [LIST] [*]USD ([B]USDIndex 94.00[/B]) recovers key handle after 93.65 lows on Monday & 94.50 10-mth highs last week. Better than expected (61.1) ISM Services PMI data. [*][B]Yields[/B] [B]moved[/B] [B]higher[/B] (10yr closed [B]1.5290%[/B]) now at [B]1.569% [/B]in Asian trades – Yields very much “on notice” following [B]RBNZ[/B]. (30-yr at [B]2.14%[/B]). China closed until tomorrow, no new [B]Evergrande[/B] news, clock ticking. [*][B]Equities turnaround Tuesday, led by Tech [/B](Nasdaq+1.25%; NFLX+5.21%) [B]USA500[/B] +45.0 (+1.05%) at [B]4345 [/B](but remains weak) USA500.F lower [B]4311.[/B] Asian equities mixed. [B]VIX[/B] closed at 21.45 – trades up 2% at [B]22.15[/B] now. [*][B]USOil[/B] holds record highs [B]$78.95[/B] amid supply bottlenecks & inventory drawdowns. EIA Weekly data later. [*][B]Gold[/B] slips on higher yields down to [B]$1752[/B] from [B]$1770 [/B]highs yesterday. 20-day MA [B]$1765. [/B] [*][B]FX markets USD bid[/B] – [B]EURUSD[/B] under [B]1.1600 [/B]significantly at 1.1580[B], Cable[/B] holds [B]1.3600,[/B] & [B]USDJPY[/B] higher again at [B]111.75.[/B] [/LIST] [B]Overnight[/B] [B]RBNZ[/B] increased intertest rates by [B]0.25%[/B] to [B]0.5%[/B]. [B]NZD[/B] ticked higher but is now the weakest. German factory orders [B] -7.7%[/B] M/M (largest decline since April 2020); EST. -2.2%, last month +3.4%. [B]Biden[/B] spoke with [B]Xi[/B] to cool tensions over [B]Taiwan[/B], pushed additional $3.5tn [B]infra budget[/B] on tour of mid-west and backed [B]Powell[/B] as criticism grows. [B]European Open[/B] – December 10-yr Bund future down 33 ticks, US futures also selling off after the RBNZ rate hike cemented tapering fears ahead of key US NFP Friday. Stock markets are concerned by stagflation scenarios & risk that reduction of monetary support will hit the global recovery. DAX & FTSE 100 futures down -0.7%, US futures also in the red. [B]Today [/B]– EZ Retail Sales, US [B]ADP[/B] Employment Change, Oil Inventories, Fed’s Bostic, US congress to vote on raising debt ceiling, UK PM [B]Johnson[/B] speech. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/10/2021-10-06_09-43-57.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/10/2021-10-06_09-43-57.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]NZDUSD (-0.53%) [/B]Initially reacted higher on interest rate rise, to [B]0.6980[/B] zone only to reverse to [B]0.6920[/B] now. Faster MAs aligned lower, MACD signal line & histogram trending lower & under 0 line, RSI 30.7 & testing OS zone. H1 ATR 0.0012, Daily ATR 0.0068. [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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