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[QUOTE="HFM, post: 202002, member: 32345"] [b]Date : 25th November 2021. Market Update – November 25 – Solid US data lifts USD, Stocks, & Yields.[/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 96.70[/B]) holds on at 16-mth highs; Strong set of US data yesterday [B]GDP [/B](2.1%) up a tick but missed by a tick, [B]Claims [/B](199k) at 52-yr low, [B]PCE[/B] (0.4% m/m & 4.1% y/y), in-line & largest since Jan.1991, along with a big beat (5.9%) for [B]GDP Price index, Durable Goods[/B] (0.5%) in-line, [B]Personal[/B] [B]Spending [/B](1.3%) a big beat, [B]Personal Income [/B](0.5%) a beat, [B]Trade balance[/B] a big beat (14.6%) on strong Exports, [B]Inventories [/B](-2.2%) a big miss, but shows demand is strong. [B]Consumer Sentiment[/B] a beat and [B]New Home Sales[/B] flat (745K) and missed. [*]Stocks & Yields pushed higher, Oil held onto gains and Gold tested 3-week lows. [*] [*]The [B]FOMC Minutes[/B] showed (1) there could be a faster taper than the $15bn/mth currently planned, (2) Inflation could indeed be “persistent” (3) Clear division over 2022/23 rate hike cycle, Doves hold sway for now. [*][B]US Yields[/B] 10yr trades at [B]1.644%, [/B]down from yesterday’s 1.694% high. [*][B]Equities[/B] – Gains into the Holiday [B]USA500[/B] +10.76 (0.23%) at [B]4701 [/B]– [B]USA500.F[/B] trades higher at [B]4713[/B]. [*][B]USOil[/B] – peaked at $[B]78.53[/B] Inventories +1.0 vs -1.7 weakened prices – now at [B]$77.65[/B] [*][B]Gold[/B] found a floor at [B]1782, [/B]but struggles to recoup [B]$1800 [/B]at $1790. [*]FX markets – [B]EURUSD [/B]now [B]1.1216[/B], having broken [B]1.1200, USDJPY[/B] now [B]115.36, [/B]from [B]115.50 [/B]& [B]Cable [/B]back to [B]1.3350 [/B]from [B]1.3315[/B] yesterday. [/LIST] [B]Overnight[/B] – [B]JPY[/B] PPI (1.0%) hit a 10-yr high, [B]German GDP [/B] and consumer confidence both missed (1.7% vs 1.8% and -1.6% vs -1.0%) respectively. [B]European Open[/B] – December 10-yr Bund future up 16 ticks, while US futures are slightly in the red. Bunds already outperformed yesterday, as EZ spreads widened in the wake of hawkish leaning ECB comments & confirmation that German finance ministry will go to the liberal FDP, which likely means more resistance to debt mutualisation across the EZ & more pressure on ECB to limit asset purchases. DAX & FTSE 100 futures are currently up 0.4% & 0.3% respectively & US futures are posting gains of 0.3-0.4%, suggesting markets are coping quite well with the prospect of less accommodative policies. Indeed, it seems to an extent that they welcome the CB’s acknowledgement that inflation risks could be less temporary than previously thought. [B]Today [/B]– ECB Minutes, ECB’s Elderson, Schnabel, [B]Lagarde [/B]and BOE’s[B] Bailey [/B] [URL='https://analysis.hotforex.com/wp-content/uploads/2021/11/2021-11-25_10-27-23.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/11/2021-11-25_10-27-23.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]CADJPY (0.20%) [/B] The rally from Tuesday’s low under [B]90.00[/B] has been sustained with [B]91.25[/B] being tested earlier today. MAs aligned higher, MACD signal line & histogram rising & over 0 line, RSI 61, H1 ATR 0.077, Daily ATR 0.707. [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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