Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Advertisements
Advertisements
HotForex: New market analysis services.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="HFM, post: 204518, member: 32345"] [b]Date : 9th February 2022. Market Update – February 9 – Stocks Boosts The Risk Taking Mood.[/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] The markets continue to gyrate wildly amid numerous crosscurrents. Inflation jitters, central bank tightening worries, supply, weakness in [B]EGBs[/B], and strength in risk appetite all weighed [B]heavily[/B] [B]on Treasuries[/B]. On other occasions, dip buying and geopolitical risks have [B]supported bonds[/B]. Meanwhile, [B]Wall Street rallied[/B] Tuesday on improving expectations on growth as covid restrictions are eased. Data included marginal widening in the December trade deficit, and declines in both the NFIB small business optimism and the IBD/TIPP economic optimism indexes. [LIST] [*]USD ([B]USDIndex[/B] [B]95.60[/B]) steady in a 3-day pattern. [*][B]US Yields[/B] 10-year Treasury yield is down[B] -2.2 bp,[/B] [B]JGB[/B] rates have dropped back -0.4 bp. – Despite that, the [B]Treasury’s $50 bln 3-year auction was surprisingly well received[/B] and stronger than expected, garnering record indirect demand. [*][B]Equities[/B] – staged a [B]broad rally with tech stocks[/B] in Hong Kong rebounding after yesterday’s sell off. Reports of a wave of interventions by state backed funds helped Chinese markets. Hang Seng and CSI 300 rallied 1.97% and 1.07%. The [B]JPN[/B] lifted 1.08% and the ASX 1.14%. [B]USA30[/B] & [B]USA100[/B] (+1%) recovered to [B]35700[/B] and [B]14828 [/B]and[B] USA500 [/B]was [B]0.84% in the green. GER40[/B] and [B]UK100[/B] futures are posting gains of[B] 0.8%. [/B]Apple & Microsoft closed higher. [*][B]USOil[/B] – extends declines to [B]$87.40.[/B] [*][B]Gold[/B] – at 1825 after reaching [B]$1829 [/B]– Haven buying on geopolitical risks, which has supported on and off, provided little offset. [*][B]Bitcoin settled to mid[/B] [B]$43,000.[/B] [*][B]FX markets[/B] – [B]EURUSD [/B]narrowing to [B]1.1400, USDJPY [/B]up to [B]115.45 [/B]& [B]Cable[/B] to [B]1.3537.[/B] [/LIST] [B]European Open[/B] – The March 10-year Bund future is up 32 ticks, outperforming versus US futures, while in cash markets the 10-year Treasury yield has dropped back -2.2 bp. Bonds have found a footing for now and EGB yields are set to come off yesterday’s highs, but sentiment is likely to remain fickle ahead of US inflation data. In the Eurozone, markets will likely continue to test the ECB’s resolve, with the recent widening of spreads also reflecting speculation that the APP program could end early to pave the way for a rate hike in the third rather than the fourth quarter. [B]Germany’s trade surplus narrowed to just EUR 6.8 bln[/B] in December in seasonally adjusted terms, as a 4.7% m/m jump in nominal imports far outweighed the 0.9% m/m rise in exports. Virus developments will have weighed on production and exports at the end of the year, while the spike in energy and other commodity prices pushed up the nominal import bill. So not a total surprise with the underlying export trend still robust, despite the drop in exports to the UK last year – thanks to Brexit. [B]Today [/B]– Data is thin with just December wholesale data, but there is a heavy earnings slate today to provide a distraction. The slate includes Toyota, Walt Disney, CVS Health, GlaxoSmithKline, Equinor, CME Group, Uber, Honda, Manulife, Motorola, Twilio, IFF, Sun Life, Equifax, CDW, Seagen, Fox, Grab, MGM Resorts, and Arch Capital. [URL='https://analysis.hotforex.com/wp-content/uploads/2022/02/Screenshot-2022-02-09-095107.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2022/02/Screenshot-2022-02-09-095107.png[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]USOIL (-0.56%) [/B]Retests [B]87.40 [/B]extending the decline from 91.70. Fast MAs aligned lower, MACD signal line & histogram extend southward s below 0 and RSI and Stochastic are at OS barrier. [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] Andria Pichidi 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]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…