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[QUOTE="HFM, post: 203835, member: 32345"] [B]Date : 20th January 2022. Market Update – January 20 – Equities weaker, Gold rallies, Yields cool.[/B] [URL='https://analysis.grouphfm.com/wp-content/uploads/2020/08/daily-market-update.png'][IMG]https://analysis.grouphfm.com/wp-content/uploads/2020/08/daily-market-update-696x364.png[/IMG][/URL] Stock markets sank again (Nasdaq -1.15%) Financials and Tech companies led the slide, [B]USD[/B] slipped as [B]Yields – slide from highs, [/B] [B]Oil[/B] higher again, [B]Gold[/B] was asset of the day charged higher to $1842, supported by further hot Inflation data from Germany, UK and Canada and strong housing data from the US. China cut its mortgage rate lifting Asian markets (Nikkei +1.11%). Lagarde: ECB has reasons NOT to act as quickly as the FED. Biden increased the rhetoric over Russia & Ukraine predicting Russia would “make a move”. Johnson holds on in UK, for now. [LIST] [*]USD ([B]USDIndex[/B] [B]95.42[/B]) slips as Yields decline . [*][B]US Yields[/B] 10-yr moved higher to spike at [B]1.90% [/B]& trades at [B]1.85%. [/B] [*][B]Equities[/B] – USA500 -44 (-0.97%) [B]4532[/B] – [B]USA500[/B] FUTS holds up at [B]4544[/B]. [*][B]USOil[/B] – Spiked to [B]$87.97 [/B]and subsequently collapsed to [B]84.00 [/B]after Biden comments and ahead of inventories today. [*][B]Gold[/B] – charged to [B]$1843 [/B]and holds [B]$1838 [/B]now after inflation news and & Biden comments. A hold of 1830 is key. [*][B]Bitcoin[/B] back to test [B]$42,400[/B], [*][B]FX markets[/B] – [B]EURUSD [/B]back to [B]1.1360[/B], [B]USDJPY [/B]now [B]114.40 & Cable[/B] back to [B]1.3625[/B]. [/LIST] Overnight[B] – AUD JOBS [/B]better than expected, Unemployment 4.2% vs 4.6%, GERMAN PPI rocketed to 5.0% form 0.8%. [B]European Open[/B] – The March 10-year Bund future is up 5 ticks at 169.33, outperforming slightly versus US futures. The yield is up from the lows seen during the Asian part of the session though and especially for the short end, the trend higher will likely continue. The long end meanwhile should actually benefit from tightening steps as inflation continues to spike. [B]DAX and FTSE 100 futures area posting gains of 0.4% and 0.6% respectively[/B] at the moment, and a 0.8% rise in the NASDAQ is leading US futures higher. [B]Today [/B]– Norges Bank & CBRT rate decisions, EZ CPI (final), [B]ECB Minutes[/B], US Claims, Philly Fed, Existing Home Sales. [B]Earnings[/B] from American Airlines and [B]Netflix. [/B] [URL='https://analysis.grouphfm.com/wp-content/uploads/2022/01/2022-01-20_10-24-34.jpg'][IMG]https://analysis.grouphfm.com/wp-content/uploads/2022/01/2022-01-20_10-24-34.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]AUDNZD (+0.51%) [/B]Rallied from [B]1.0600[/B] yesterday to breach [B]1.0700 [/B]earlier, although cooling now. MAs still aligned higher, MACD signal line & histogram higher. RSI 63 but cooling, H1 ATR 0.0014 Daily ATR 0.0053. [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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