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[QUOTE="HFM, post: 205048, member: 32345"] [b]Date : 23rd February 2022. Market Update – February 23 – Oil, Gold & Bonds Ebb; Kiwi Jumps.[/b] [URL='https://analysis.hotforex.com/wp-content/uploads/2018/12/eu_update_1200x628-e1567669197104.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2018/12/eu_update_1200x628-e1567669197104-696x339.png[/IMG][/URL]Trading Leveraged Products is risky [B]Stocks[/B] [B]stabilised[/B] and indexes came up from yesterday’s lows, as markets digest the still fluid developments in Ukraine and the standoff between the West and Russia. [B]Haven demand[/B] eased and [B]yields[/B] backed up. [B]President Biden[/B] announced [B]sanctions[/B] on Russia, including financial restrictions. Earlier [B]Germany halted Nord Stream 2. UK[/B] will stop Russia selling sovereign debt in London. The RBNZ lifted its policy rate by 25 bp to [B]1.00%,[/B] adding to signs that central banks are moving out of crisis mode and are set on policy normalisation. [B]Governor Bowman[/B] opened the door for a 50 bp liftoff next month.[B] Gold[/B] below $[B]1900[/B], [B]Oil[/B] settled at $[B]90.50. Treasury yields [/B]cheapened with the front end underperforming on worries over aggressive rate hikes to help contain inflation. [LIST] [*]USD down ([B]USDIndex[/B] [B]95.11[/B]) as risk appetite has stabilised. [*][B]US Yields[/B] 10-year yield richened to [B]1.844%[/B] overnight before climbing to [B]1.958%[/B] then settling at [B]1.925%.[/B] [*][B]Equities[/B] – [B]GER30[/B] and [B]UK100[/B] futures are up 0.6% and 0.1% respectively, while a 0.7% rise in the [B]USA100[/B] is leading US futures higher. [*][B]USOil[/B] – Steady at [B]$90.50[/B] as neither sanction appears as harsh as it could have been. [*][B]Gold[/B] – dipped as haven demand ebbed – below [B]$1900.[/B] [*][B]Bitcoin[/B] broke higher to trade at $38,388. [*][B]FX markets[/B] – [B]NZDUSD[/B] jumped to [B]0.6776, EURUSD [/B]at [B]1.1340, USDJPY [/B]steady at [B]115.00[/B]. [B]Cable[/B] breaches [B]1.3600.[/B] [/LIST] [B]European Open [/B]– [B]German consumer confidence unexpectedly dropped[/B] to -8.1 in the advance reading for March. The March 10-year Bund future is down -4 ticks, Treasury futures are outperforming slightly, although the German 30-year future also seems to be benefiting from the prospect of reduced ECB support as surveys signal a swift rebound from the latest virus wave, but also mounting inflation pressures. Risk appetite has stabilised somewhat, although markets will keep a wary eye on Ukraine and the standoff between the West and Russia. For now though the focus seems back on central banks and the Fed’s tightening schedule. [B]Today [/B]– Today’s local calendar includes the final Eurozone HICP number, which will highlight once again that inflation is staying higher for much longer than initially expected. That in turn is putting pressure on the ECB to rein in stimulus. The UK has the latest retailing survey, which should register the easing of virus restrictions. [URL='https://analysis.hotforex.com/wp-content/uploads/2022/02/2022-02-23_10-00-55.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2022/02/2022-02-23_10-00-55.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]NZDJPY (+0.74%) Spiked to 78 highs [/B]earlier. MAs now aligned higher, MACD signal line & histogram significantly above 0 line, RSI 72.66 & rising. H1 ATR 0.155, Daily ATR 0.781. [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]
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