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: 201104, member: 32345"] [b]Date : 1st November 2021. Market Update – November 1 – A Wild Start.[/b] [URL='https://analysis.hotforex.com/wp-content/uploads/2021/07/shutterstock_473689003-scaled.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/07/shutterstock_473689003-696x522.jpg[/IMG][/URL] The markets were volatile through October as [B]uncertainties over inflation,[/B] growth, and central bank reaction functions provided mixed directional signals. After early declines following recor[B]d high inflation rates[/B], [B]both bonds and stocks ended in the green. [/B]Canada was an underperformer as the BoC trimmed QE and then ended it last week. The markets are looking for hawkish outcomes from the [B]FOMC[/B] and [B]BoE[/B] this week.The Reserve Bank of Australia also decides policy on Tuesday, with markets challenging the central bank’s contention that rates won’t rise until 2024. [I][B]Equities generally managed to rally as the massive amount of liquidity still in the system combined with good earnings results to overshadow concerns over growth amid headwinds from supply shortages, bottlenecks, Covid, and elevated costs. [/B][/I] [LIST] [*][B]USD[/B] (USDIndex 93.45) jumped to a 3-week high against major peers on Monday as quickening inflation in the United States boosted the case for earlier Fed interest rate hikes ahead of a policy decision on Tuesday. [*][B]Japan’s election[/B] boosted hopes for fiscal stimulus with PM [B]Kishida[/B] managing to preserve an outright majority for his Liberal Democratic Party – [B]Topix[/B] and [B]JPN225[/B] are up 2.2% and 2.6% respectively. [*][B]China official manufacturing PMI slumped for a[/B] 7th consecutive monthly drop and leaves the index at its lowest level since October 2019. – Hang Seng and CSI 300 are currently down -0.95% and -0.33% respectively. [*][B]German retail sales unexpectedly slumped -2.5 m/m[/B] in September. [*][B]US Yields[/B] (10yr up at 1.56%). [*][B]USOil[/B] steadied to $81.10. [*][B]Gold[/B] – another volatile day (1810-1792), cannot hold $1800 and trades at $1794 now. [*][B]FX markets – Strong USD, weak Yen[/B] – [B]USDJPY[/B] rallied to 114.38, [B]Cable[/B] capped by 1.3800 and trades at 1.3642, [B]EURUSD[/B] 1. 1545. [B]AUD[/B] also struggled as yields corrected. [/LIST] [B]Today [/B]– Another important week for central bank decisions that includes [B]Fed[/B] and [B]BoE[/B] announcements. Data releases today focus on final [B]manufacturing PMIs[/B] for the [B]Eurozone[/B] and the [B]UK,[/B] which are likely to confirm that supply chain disruptions are weighing on output, while price pressures increase. US and Canadian Manufacturing PMI are also due. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/11/2021-11-01_10-01-35.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/11/2021-11-01_10-01-35.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]GBPAUD (+0.63%)[/B] GBP giving up some gains ahead of BoE meeting. Faster MAs steadied, MACD signal line & histogram cooling but still negative, RSI 46 and neutral. H1 ATR 0.0019, Daily ATR 0.01090. [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]
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…