Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Advertisements
Advertisements
HotForex: New market analysis services.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="HFM, post: 200983, member: 32345"] [B]Date : 28th October 2021. Market Update – October 28 – USD Mixed, Stocks Down, Yield Curve Flattens, Oil tanks.[/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[/B] 93.82) V. choppy session as [B]Yield spreads narrowed to March 2020 lows[/B] (2&5yr higher, 10&30yr lower) – catalysts Inflation worries, surprise ending of QE, earlier rates hikes suggested from [B]BOC[/B]. Stocks down, Oil sank. Durable Goods missed but not as bad as expected, Trade balance at record $96.3 bn. [*][B]US Yields[/B] (10yr crashed into close at [B]1.529[/B]) lifted in Asian now[B] 1.57%.[/B] [*][B]Equities[/B] lower – [B]USA500[/B] -23 (-0.51%) at [B]4551[/B] (DOW -0.75%) – Big movers – MSFT +4.21%, GOOGL + 4.96%, EXXON -2.6%, JPM -2.08% – [B]USA500.F[/B] back to [B]4545[/B]. Asian equities weaker. [*][B]USOil[/B] down on Inventories more than a double build – at 4.3m vs 2.0m & draw down last week of 400k barrels. Low $79.39 earlier from $83.70 on Monday. [*][B]Gold[/B] recovers from $1783 low yesterday to breach $1800 now. [*][B]FX markets[/B] –[B] EURUSD 1.1600, Cable 1.3750, USDJPY now 113.70[/B] [/LIST] [B]ECB Preview:[/B] The central bank is widely expected to keep policy settings on hold today, after[B] Lagarde[/B] signalled last month that the important decisions on the future of [B]PEPP[/B] and possible changes to the older [B]APP[/B] programmes won’t be taken until [B]December.[/B] Still, markets will be hoping for some signals on the flavour of the discussion at the presser. The departure (by year end) of Bundesbank President[B] Weidmann[/B] – the most hawkish and traditional central banker at the council – fueled speculation of a further strengthening of the older APP asset purchase programs. The ECB’s mandate will still have to be respected, but by [B]keeping some flexibility[/B] for emergency situations [B]the ECB could still send a dovish[/B] signal, [B]even if it confirms in December that PEPP will end on time in March[/B] next year – as is widely expected. [B]European Open[/B] The December 10-year Bund future is up 4 ticks, but the 30-year future is moving higher long Gilt futures are rallying, as [B]markets turn pessimistic on the growth outlook[/B]. [B]DAX and FTSE 100 future[/B]s are managing [B]slight gains[/B] though in line with US futures. [B]Today [/B]– German Unemployment, EZ Consumer Confidence, [B]US GDP[/B], PCE Prices Advance, [B]Weekly Claims[/B], [B]ECB Policy Announcement and Press Conference[/B] [B]Earnings- [/B]Airbus, AB InBev, Carlsberg, Evolution Gaming, Nokia, Saint Gobain; Shell; [B]Amazon, Apple,[/B] Comcast, [B]Merck, Caterpillar, Mastercard,[/B] Yum!, Shopify. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/10/2021-10-28_10-00-05.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/10/2021-10-28_10-00-05.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]NZDCAD (+0.37%) [/B] Recovering from BOC shock yesterday down to 0.8820 back to 0.8880 now. Faster MAs aligned higher, MACD signal line & histogram rising, RSI 55 & rising. H1 ATR 0.0012, Daily ATR 0.0062. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…