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HotForex: New market analysis services.
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[QUOTE="HFM, post: 200808, member: 32345"] [B]Date : 25th October 2021. Market Update – October 25 – Big Earnings Week Ahead, USD Cooler.[/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 93.50[/B]) cools a tad & again tests 4-wk low ([B]93.44[/B]). PMIs biased to the upside as Powell talked taper but no rate rises yet, Democrats narrowed their differences on the $3.5b infra bill & Yellen talked new taxes. Yields hold up, Equities mixed Friday, FUTS down. Big week for Earnings – Oil up again on supply concerns, gold back to $1800. [*][B]Evergrande[/B] – Restarted 10 building projects over weekend, announced move away from real estate towards EV production. [*][B]US Yields[/B] (10yr closed higher at [B]1.665[/B]) & – now [B]1.6500%[/B] [*][B]Equities mixed – [/B]USA500 -4.88 (-0.11%) at [B]4544[/B] (NASDAQ –0.82%) – Big movers – SNAP -26.59% & INTEL -11.68%; Big Earnings misses, FB -5.05%, GOOGL & AMZN –3%, TSLA +1.75% – USA500.F back to [B]4540[/B]. Asian equities weaker. [*][B]USOil[/B] up again on supply concerns & trades close to 7-year highs at [B]$83.00[/B] [*][B]Gold[/B] very volatile Friday ($1782-$1813-$1793 on close) Back to pivot at [B]$1800[/B] now. [*][B]FX markets – EURUSD[/B] [B]1.1650, Cable[/B] [B]1.3770[/B], & [B]USDJPY[/B] – (after a strong day on Friday (113.40 low) now at [B]113.60[/B]. [/LIST] [B]Week Ahead [/B] [B]Earnings[/B] from 5 x tech giants (FB today), plus major [B]European Banks[/B]. Policy meetings from the [B]ECB, BoJ & BOC[/B], economic data includes [B]US Q3 GDP & PCE.[/B] Plenty of CB speak, the UK Budget and month end too. [B]European Open[/B] December 10-yr Bund future up 23 ticks at 168.51. DAX & FTSE 100 futures up 0.15% & 0.25% respectively. Inflation risks remained in focus as oil prices continue to climb higher while bottlenecks in supply chains lead to rising cost pressures. The combination already weighed on manufacturing PMIs last week & are likely to also depress the German Ifo confidence reading today ahead of Thursday’s ECB meeting. Fed Chair [B]Powell[/B] signalled on Friday that [B]inflation could stay higher for longer & that the taper is coming.[/B] ECB by contrast has pushed decisions on PEPP & APP back to the December meeting, which means this week’s ECB will be watched mainly for signals from [B]Lagarde[/B] at the press conference. [B]T[B]Today [/B]– German IFO and BoE’s Tenreyro. [B]Earnings:[/B] Michelin, [B]Facebook,[/B] Restaurant Brands. [B]HSBC[/B] surprises with 74% rise in Q3 profit and $2bln buyback. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/10/2021-10-25_09-57-55.jpg'] [/URL][/B] [URL='https://analysis.hotforex.com/wp-content/uploads/2021/10/2021-10-25_09-57-55.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/10/2021-10-25_09-57-55.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]AUDJPY (+0.45%) [/B] Recovering from a strong day run fro JPY last week. Up from [B]84.50 [/B]tlow on Friday to test [B]85.00[/B] now. Faster MAs aligned higher, MACD signal line & histogram rising, RSI 51 & neutral. H1 ATR 0.189, Daily ATR 0.817. [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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