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[QUOTE="HFM, post: 201553, member: 32345"] [b]Date : 15th November 2021. Market Update – November 15 – Market eyes Geopolitics & Stimulus.[/b] [URL='https://analysis.hotforex.com/wp-content/uploads/2019/08/geopolitcs.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2019/08/geopolitcs-696x364.jpg[/IMG][/URL] [LIST] [*] [LIST] [*]USD ([B]USDIndex 02[/B]) spiked to 95.25 (new 16-mth high) on Friday. The c[B]onsumer sentiment data (10-yr low)[/B]and [B]JOLTS provided mixed views,[/B] with [B]confidence plunging[/B], 1-year inflation rising, [B]and a slip in job openings[/B], but a record 4.4 mln workers [B]quitting their jobs.[/B] [*][B]Stocks hold higher [/B]after spike on Friday, amid strong earnings and dip buyers supported, along with a more calm trade in Treasuries. Asian markets also found buyer, Treasury futures re-open positively. China bourses struggled despite a [B]stronger retail sales number[/B]. [*][B]Japan Q3 contracted -0.8% q/q[/B], much more than anticipated -add to speculation that Kisihida will provide a big stimulus package to support the economy. [*][B]US Yields[/B](10yr trades at [B]55%, [/B]down 0.9bp). Treasury yields have taken a break from their manic gains seen last week, supportive of the equity market, while hopes that inflation is temporary, and that supply chains will improve into the new year have helped investor sentiment as well. [*][B]Equities [/B]steady to Friday’s highs, [B]Dow[/B] +0.5%, [B]NASDAQ[/B] led the way +1% [B]USA500[/B] +0.7%, [B]Nikkei[/B] lifting 0.4%. [*][B]Big movers[/B]; [B]TSLA [/B]dip -2.8% (Musk has already [URL='https://www.republicworld.com/business-news/international-business/why-is-elon-musk-selling-tesla-shares-all-we-know-so-far.html']offloaded[/URL] a combined $6.9 billion), [B]J&J[/B] +2%, [B]Toshiba[/B] -1.0%, [B]Disney[/B] -7%. ([URL='https://www.ft.com/content/9d8fedd1-36db-45c8-8596-dce1905ec6f7']Disney’s[/URL] streaming growth disappoints). [*][B]Johnson & Johnson: [/B]split of the company into two divisions, one being consumer health products, the other focuses on pharmaceuticals and medical devices. J&J’s shares are up 2% in early trade. [B]Toshiba [/B] TOSYY 1.43% said it planned to split into three by March 2024 in response to shareholder pressure for a more-focused structure, [URL='https://www.wsj.com/articles/general-electric-to-split-into-three-public-companies-11636459790?mod=article_inline']following a similar path taken[/URL] by fellow industrial conglomerate [B]General Electric[/B] Co. [*][B][U]US-EU[/U][/B]: agreed to end a festering dispute over US steel and aluminum tariffs imposed in 2018, removing a burden on transatlantic relations and averting a spike in EU retaliatory tariffs. – tariffs of 25% on steel and 10% aluminum, while allowing “limited volumes” of EU-produced metals into the United States duty-free. [*][B]USOil[/B]– slipped below [B]$80.00,[/B] hit by a strengthening USD and speculation that Biden’s administration might release oil from the US Strategic Petroleum Reserve to cool prices. [*][B]Gold [/B]reversed to [B]1856[/B] from [B]1868.79[/B] – inflation keeps Gold supported. [*]FX markets – [B]EURUSD & GBPUSD stack [/B]to [B]1448 earlier & 1.3420[/B], [B]USDJPY[/B]to [B]113.98[/B]. [B]TRY[/B] at the record low level9.99. [*][B][U]Focus today:[/U][/B]Virtual meeting [URL='https://www.reuters.com/world/us/biden-chinas-xi-will-hold-virtual-meeting-monday-night-white-house-2021-11-12']Link[/URL] between Chinese leader Xi Jinping and US President Joe Biden later in the day, with hopes of an easing in ongoing tensions across a range of issues including tariffs imposed on China under former President Donald Trump. [*][B]Today [/B]– The data calendar today includes Eurozone trade numbers, but markets will be more interested in comments from ECB speakers today as [B]ECB’s Lagarde[/B] faces questions from lawmakers [/LIST] [/LIST] [URL='https://analysis.hotforex.com/wp-content/uploads/2021/11/2021-11-15_10-51-46.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/11/2021-11-15_10-51-46.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]XAUUSD[/B] declined from [B]1868.79 to 1856.24[/B] but remains well 1835 support. Faster MAs flattened, MACD signal line & histogram steadied at 0 line, RSI 49 & neutral, indicating consolidation intraday. H1 ATR 3.96, Daily ATR 22.49. [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]
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