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[QUOTE="HFM, post: 200662, member: 32345"] [b]Date : 20th October 2021. Market Update – October 20 – USD bounces from 2-week low, Stocks & Yields higher.[/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 93.70[/B]) recovers from test of 2-week low ([B]93.47[/B]) [B]Yields[/B] stronger, [B]Equities[/B] closed strongly on good Earnings, [B]Netflix[/B] beat big time (Subs 4.38m vs 3.86m. – globally now 213.6m) Squid Game watched in 142 million households in 94 countries. Biden expects a deal on infra budget, Chinese housing prices slow, and NK fired more missiles (non-ballistic today) into S. China Sea. [*][B]US Yields[/B] (10yr closed higher at [B]1.6350[/B]) & touched [B]1.662[/B] earlier – now [B]1.6495%[/B] [*][B]Equities [/B]moved higher gaining momentum [B]USA500[/B] +33 (+0.74%) at [B]4519 [/B]([B]NASDAQ [/B]+0.71%) – Big movers – J&J +2.34% & APPL 1.18% – USA500.F higher into [B]4503.[/B] Asian equities higher (Nikkei +0.76%) [B]VIX[/B] closed down again at [B]15.57 [/B](a new 8-week low – [B]VXN[/B] – (which measures Nasdaq volatility) – at lowest since February 2020) [*][B]USOil[/B] down from [B]7-yr high[/B], at $83.00 after private inventories – trades at [B]$81.00[/B] [*][B]Gold[/B] holds at [B]$1775[/B] now from yesterday’s high of $1785 and low of $1767. [*][B]FX markets – a recovering USD has [/B]– [B]EURUSD[/B] [B]1.1640, Cable[/B] down from 1.3800+ after CPI data at [B]1.3785 & [/B]a weaker YEN, [B]USDJPY[/B] – 4-year highs – [B]114.70[/B]. [/LIST] [B]Overnight[/B] – [B]UK CPI[/B] a tick weaker than expected ([B]3.1%[/B] vs 3.2%) [B]PPI[/B] in line. [B]German PPI[/B] much stronger than expected @ [B]2.3%[/B] vs 1.1%. [B]European Open[/B] – The December 10-year bund future is down 35 ticks, underperforming versus Treasury futures. Yields moved broadly higher across Europe yesterday and while ECB officials are doing their best to keep rate hike speculation at bay, they are fighting an uphill battle, especially as the BoE is preparing for an early lift off on rates. The surprise misses for UK CPI could dull the expectation. [B]Today [/B]– EZ Final [B]CPI[/B], Canadian [B]CPI[/B], ECB’s Elderson, Fed’s Bullard, [B]Earnings[/B] – Verizon, [B]Tesla[/B], IBM, Abbot, AMSL, [B]Nestle[/B] (already out – a big beat especially for Pet food Division) [URL='https://analysis.hotforex.com/wp-content/uploads/2021/10/2021-10-20_10-01-16.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/10/2021-10-20_10-01-16.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]NZDCHF (+0.40%) 5th[/B] consecutive day higher today (from [B]0.6425[/B]) breached [B]0.6600[/B] earlier, and testing [B]0.6630[/B] now. Faster MAs aligned higher, MACD signal line & histogram trending higher, RSI 65.00 OB but still moving higher, H1 ATR 0.0008, Daily ATR 0.0054. [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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