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[QUOTE="HFM, post: 203261, member: 32345"] [b]Date : 3rd January 2022. Market Update – January 3 – Front foot for the new year.[/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] [B]Welcome to 2022[/B], [B]Evergrande[/B] back in the headlines, having defaulted , shares have been suspended, (they fell 90% in 2021) awaiting “inside information”. TESLA beat delivery targets & more woes for the TRY as Inflation hits 19-year highs. The 2021 close – [B]S&P500[/B] ([B]+27%[/B]) , [B]USDIndex[/B] [B]+6.3%[/B], 10-yr yields broke 1.5%, [B]Oil & Gas[/B] ([B]50% & 48%[/B] respectively, [B]Coffee[/B] was the best performing commodity [B]+70%[/B], [B]Gold[/B] lost[B] –4%[/B]). [B]European Banks[/B] gained [B]+34%[/B], [B]US Treasuries[/B] lost [B]-3%[/B] and the [B]Chinese Tech & Property[/B] sector collapsed. [B]Inflatio[/B]n (US 6.8% EZ 4.9%, UK 5.1% & Japan 0.1%), Energy & Food costs rallied. [B]Crypto’s[/B] volatile & surged ([B]BTC +60%[/B]), [B]Meme Stocks[/B] monstrously volatile ([B]GameStop[/B] [B]+700%[/B] – as high as +2,500%) & [B]AMC +1200%[/B] (up 3200% at one point). [B]NFT’s arrived[/B] (Market Cap 2021 – $22Billion+ vs just $100 million in 2020) [LIST] [*]USD ([B]USDIndex[/B] [B]95.90[/B]) recovered from 2021 close at 95.50 zone. US [B]stocks dipped into year end, [/B] & [B]Yields[/B] also slipped. [B]USOil[/B] & [B]Gold[/B] both held on to healthy gains. [*][B]US Yields[/B] 10 yr traded to [B]1.51% [/B] [*][B]Equities[/B] – [B]USA500[/B] -12.55 (-0.26%) at [B]4766 [/B] [B]NASDAQ[/B] -0.61%, [*][B]USOil[/B] – slipped from $76.00 but held onto $75.00 ahead of OPEC+ meeting tomorrow. [*][B]Gold[/B] – spiked to $1831 on the weaker USD, and holds at 1825 [*][B]Bitcoin[/B] down to [B]47k[/B] [*][B]FX markets[/B] – [B]EURUSD 1.1340[/B], [B]USDJPY [/B]holds over [B]115.00 & Cable[/B] holds over [B]1.3500.[/B] [/LIST] [B]European Open[/B] – The March 10-year Bund future is down -11 ticks, US futures are underperforming, while stock futures are higher in Europe and the US. [B]Large parts of Asia were still on holiday today and in Europe, the U.K. remains shut for the extended New Year holiday.[/B] The calendar focuses on final manufacturing PMI readings for the Eurozone, which are not expected to bring major revisions and confirm that virus developments have slowed the pace of expansion. [B]Today [/B]– Final Manu PMI’s from EZ – [B]UK, US & Canada remained closed for New-Year [/B] [URL='https://analysis.hotforex.com/wp-content/uploads/2022/01/2022-01-03_10-27-41.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2022/01/2022-01-03_10-27-41.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]EURUSD (-0.43%) [/B]Correcting Friday’s rally to[B] 1.1385[/B], trades down to [B]1.1336 [/B]now. MAs aligned lower, MACD signal line & histogram lower but above 0 line. RSI 47 and falling, H1 ATR 0.00144 Daily ATR 0.0065. [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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