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[QUOTE="HFM, post: 202571, member: 32345"] [B]Date : 13th December 2021. [B]Market Update – December 13 – Omicron sentiment improves to start Big week.[/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] [I][B]Hot CPI data on Friday, all-time highs for stocks and a steady to stronger USD, greets a big week for central banks as markets enter the last three weeks of the year. [/B][/I] [/B] [LIST] [*][B][LIST] [*]USD ([B]USDIndex 96.22[/B]) rises from dips below [B]96.00[/B] on Friday. [B]Omicron news improves[/B], case peaks appear to have been hit in Gauteng, South Africa, hospitalizations have stabilized and projected death rates appear to be 25 times lower than Delta, mixing Pfizer, AZ & Moderna vaccines appear to give better immunity and Anti-viral drugs from Merck & GSK new data improving. US deaths top 800k, is now present in 30 states and first Omicron case traced to November 15. [B]Stocks[/B] hit new all-time highs Friday [B]USA500 [/B]+0.95% (+44pts) [B]4712, [/B]Futures now at [B]4722[/B] [*][B]US Yields[/B] 10-year rates fell to [B]1.48%[/B], down about 5 basis points from last week’s peak, and trades at [B]1.49%[/B] now. [*][B]Asian Markets [/B]– Asian indices are broadly higher, despite a slightly weaker than hoped Tankan survey for Japan and more omicron warnings, which were counterbalanced by signs that China will take further steps to boost the economy. Topix and Nikkei are currently up 0.1% and 0.7% respectively, while Hang Seng and CSI 300 are posting gains of 0.5% and 0.7%. Shanghai and Shenzen Comp have lifted 0.4% and 0.6% so far and the ASX closed 0.4% higher. [*][B]USOil[/B] – continues to recover and holds over [B]$70.00 [/B]for a 5th consecutive day and trades at [B]$72.25.[/B] [*][B]Gold[/B] – dipped to test key [B]$1770[/B] on Friday, recovering to [B]$1785[/B] now [/LIST][/B] [/LIST] [B][B]European Open[/B] – The March 10-year Bund future is down -16 ticks, U.S. futures are outperforming slightly, but are also in the red. DAX and FTSE 100 futures are currently posting gains of 0.4% and 0.3% respectively and U.S. futures are also posting gains of around 0.3%. In FX markets both Euro and Sterling struggled against a largely stronger dollar, leaving [B]EURUSD[/B] at [B]1.1285[/B] and [B]Cable[/B] at [B]1.3227 [/B]and [B]USDJPY[/B] at [B]113.50.[/B] The UK upped its warnings on the omicron variant over the weekend and is targetting all adults to have received a booster by year-end, a month ahead of current schedule. In the short run at least, the risks to growth forecasts are to the downside, which will also overshadow central bank decisions this week. [B]BoE, ECB, SNB and Norges Bank[/B] are all set to announce policy on [B]Thursday[/B] – hot on the heels of the [B]FOMC[/B] decision on [B]Wednesday[/B]. For the BoE it will likely mean that the flagged rate hike will be pushed out into next year, and [B]possibly 2023[/B] although inflation and labour market data ahead of the announcement could throw a spanner in the works. [B]Today [/B]– OPEC Oil Market Report, BoE Financial Stability Report, Speech from BOE’s [B]Bailey.[/B] [URL='https://analysis.hotforex.com/wp-content/uploads/2021/12/2021-12-13_09-58-14.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/12/2021-12-13_09-58-14.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]GBPUSD (-0.31%) [/B]Recovered from sub-1.3200 Friday to [B]1.3265[/B] highs, down on open and [B]1.325[/B] now. Currently MAs aligned lower, MACD signal line & histogram moving lower, RSI 46.00 & weakening. H1 ATR 0.0011, Daily 0.0081. [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.[/B] [/QUOTE]
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