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[QUOTE="HFM, post: 200620, member: 32345"] [b]Date : 19th October 2021. Market Update – October 19 – USD & Yields Cool, Tech Recovers.[/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 93.60[/B]) slips -0.6% (-1.0% from last week’s highs) [I]Weak US Industrial production. [/I][B]Yields[/B] also slipped and [B]Stocks[/B] moved higher led by big tech. [B]Commodities[/B] stronger lifting [B]AUD[/B] & [B]NZD [/B](RBNZ to move +50bps Nov.24?). [B]APPLE[/B] launched new Mac Books with new self-built powerful chips, [B]Bezos[/B], “may have lied to Congress”, [B]FB[/B] to recruit 10k in EU to build “Metaverse”. Japanese General Election 31/10, confirmed. NK fire more ballistics into S. China Sea. [*][B]Evergrande – [/B]sentiment lifts a tad[B] – [/B]they will pay some onshore coupons today. [*][B]US Yields[/B] (10yr closed [B]1.584%[/B]) down from 1.624% highs, trades at 1.576% [*][B]Equities moved higher [/B]but lost momentum [B]USA500[/B] +15 (+0.34%) at [B]4486 [/B]([B]NASDAQ [/B]+0.84%) – Big movers – [B]TSLA[/B] +3.21% & [B]FB[/B] +3.26%. USA500.F higher into [B]4483.[/B] Asian equities higher (Nikkei +0.56%) [B]VIX[/B] closed down again at [B]16.77 [/B](new 8 week low) – trades weaker at [B]16.50[/B] now. [*][B]USOil[/B] back at yet another [B]new[/B] [B]7-yr high[/B], trades at [B]$83.00.[/B] [*][B]Gold[/B] lifts on weaker USD & lower yields up to [B]$1777[/B] now from yesterday’s test of the key [B]$1760 [/B]support level. [*][B]FX markets – a weaker USD has [/B]– [B]EURUSD[/B] [B]1.1655 Cable[/B] at 4-week highs [B]1.3775 [/B]([B]Bailey[/B] up again today) & [B]USDJPY[/B] holds [B]114.00[/B]. [/LIST] [B]European Open[/B] – The December 10-year Bund future is fractionally higher, as are US futures. Eurozone peripherals are also vulnerable amid the ebb on flow of opinions on how to strengthen and maintain flexibility in existing asset purchase programs after the scheduled end of PEPP. Against that background the [B]flood of BoE and ECB speakers[/B] today will be watched very carefully, especially as the data calendar is pretty empty. Stock market sentiment strengthened overnight and [B]DAX[/B] and [B]FTSE 100[/B] futures are up [B]0.2%[/B] and [B]0.1%[/B] respectively, alongside broad gains in U.S. futures. [B]Today [/B]– US Building Permits & Housing Starts, ECB’s Elderson, Panetta, Lane, BoE’s [B]Bailey,[/B] Fed’s Harker, Daly, Bostic, Waller. [B]Earnings[/B] – Johnson & Johnson, Phillip Morris, P&G, [B]Netflix,[/B] Halliburton, United Airlines, Danone, Ericsson (out already a big beat), Kering. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/10/2021-10-19_09-53-10.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/10/2021-10-19_09-53-10.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]NZDUSD (+0.28%) 5th[/B] consecutive day higher today breached [B]0.7100[/B] earlier, and testing [B]0.7150[/B] now. Faster MAs aligned higher, MACD signal line & histogram trending higher, RSI 81.00 OB but still moving higher, Stochs. 96 and OB. H1 ATR 0.0011, Daily ATR 0.0062. [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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