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[QUOTE="HFM, post: 201896, member: 32345"] [b]Date : 23rd November 2021. Market Update – November 23 – USD & Yields bid, Stocks & Gold sink.[/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 96.36[/B]) testing 16-mth highs; rallied on Powell’s re-nomination & Brainard as Vice FED Chair. Commodity & EM Currencies pressured particularly. Stocks weaker partic. Tech stocks, Banks hold up.(Nasdaq -1.26%). Yields bid, Gold & Oil crashed further. Covid concerns grip Europe as winter dawns. [*][B]US Yields[/B] (10yr trades at [B]1.620%, [/B]down 28 bps from yesterday’s rally. [*][B]Equities[/B] Lower. NASDAQ -1.26%, [B]USA500[/B] -15 (-0.32%) at [B]4682 [/B]– [B]USA500.F[/B] trades lower at [B]4665[/B]. [*][B]USOil[/B] – struggles but up from below [B]$75.00,[/B] after discussions to release global strategic reserves to cool prices & OPEC talk of raising output. [*][B]Gold[/B] crashed over 2.5% losing over $45.00 following Powell news, next support [B]$1800.[/B] [*]FX markets – [B]EURUSD [/B]down to [B]1.1225 earlier, [/B]lifted to 1.1255 now, [B]USDJPY[/B] over [B]115.00, [/B]earlier now at[B] 114.75 [/B]& [B]Cable [/B]back to [B]1.3400, [/B]from 1.3380. [B]USDMXN[/B] 21.00, [B]USDTRY[/B] ATH 12.00, [B]USDRUB[/B] 75.00 and [B]USDZAR [/B]15.8600. [/LIST] [B]European Open[/B] – December 10-y Bund future down -28 ticks, underperforming versus US futures & suggesting a further rise in European yields, which already spiked sharply yesterday. The Covid situation may be weighing on the growth outlook, but investors are increasingly convinced that the ECB is indifferent to the spike in inflation & long yields are backing up as central bankers keep a lid on tightening expectations & ECB officials play down the risk of second round effects. [B]DAX & FTSE 100[/B] futures meanwhile are down [B]-0.5%[/B] and [B]-0.4%[/B] respectively, as the rise in yields & Covid jitters remain in focus. [B]Today [/B]– EUR & US Flash PMIs, BoE’s [B]Bailey[/B] & Haskel, ECB’s de Guindos [URL='https://analysis.hotforex.com/wp-content/uploads/2021/11/2021-11-23_09-59-37.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/11/2021-11-23_09-59-37.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]EURNZD (+0.42%) [/B] Bounced from [B]1.6070 [/B]yesterday to[B] 1.6150 [/B]now rallied to breach[B] 1.6200[/B] Faster MAs aligned higher, MACD signal line & histogram rising and significantly over 0 line, RSI 64 but cooling. H1 ATR 0.00214, Daily ATR 0.01102. [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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