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[QUOTE="HFM, post: 205232, member: 32345"] [b]Date : 28th February 2022. Market Update – Major risk-off market moves as sanctions bite.[/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] Major [B]RISK OFF[/B] mood in markets as they believe weekend announcements, unlike initial sanctions, will have significant impact. [B]Rouble[/B] down 30% at record lows, Russian central bank has doubled a key rate to 20% from 9.5% and is openly buying gold. – [B]Oil[/B] futures rallied well over $100/barrel. Safe havens of [B]USD, JPY[/B], Government [B]Bond[/B]s and [B]Gold[/B] all in demand. [B]EUR, AUD,[/B] [B]NZD stocks and yields[/B] all lowe[B]r. Week Ahead[/B] – Will be dominated by news from [B]Ukraine[/B]; [B]BoC[/B] & [B]RBA[/B] policy meetings, month-end today & and a heavy dose of global data releases including GDPs, PMIs, US ADP and [B]NFP[/B] data. [LIST] [*]USD up ([B]USDIndex[/B] [B]97.00[/B]). USD on bid next resistance 97.40 & 97.67. [*][B]US Yields[/B] 10-yr tanked from 1.986% close Friday to 1.90% now. [*][B]Equities[/B] – USA500 +95.95pts (+2.24%) [B]4384 [/B]on Friday. US500 FUTS collapsed (-2.82%) to [B]4260 [/B]earlier, back to 4285 now. [*][B]USOil[/B] – Topped at $97.10, from under $90.00 on Friday, back to under [B]$94.00[/B] now. [*][B]Gold[/B] – Holds over psychological [B]$1900 [/B]now, having topped at $1930 earlier. [*][B]Bitcoin[/B] broke lower to trade at $38,250. [*][B]FX markets[/B] – [B]EURUSD [/B]under [B]1.1185, USDJPY [/B]holds [B]115.50 [/B]and [B]Cable[/B] trades at [B]1.3385.[/B] [/LIST] [B]Overnight – JPY [/B]data mixed, Ind. production missed (-1.3% vs -0.6%) & Retail sales a tick higher at 1.6%. [B]AUD [/B]data also mixed – a big beat for Retail Sales (1.8% vs 0.3% & -4.4% previously). [B]European Open [/B]– The March 10-year Bund future is up [B]84[/B] ticks at 166.99 and Treasury futures outperforming amid a general flight to safety amid the escalating tensions between the West and Russia that saw Russia’s Putin putting nuclear deterrent forces on high alert after western allies imposed stiff sanctions that included the exclusion of some Russian banks from SWIFT and also targeted Russia’s central bank. The opening of Russia’s stock markets has been postponed to the afternoon. [B]DAX and FTSE 100 [/B]futures are down[B] -3.2% [/B]and [B]-1.5%[/B] respectively. Most Asian markets managed to close higher after a volatile session. [B]Today [/B]– Russian-Ukrainian officials meeting; US Chicago PMI; ECB’s Lagarde, Panetta; Fed’s Bostic; EU’s [B]von der Leyen[/B]; China’s Foreign Minister Yi; [B]Earnings[/B] ABF, Baidu. [URL='https://analysis.hotforex.com/wp-content/uploads/2022/02/2022-02-28_09-36-30.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2022/02/2022-02-28_09-36-30.png[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]EURJPY (-0.80%) [/B]Collapsed from Friday’s close over [B]130.20 [/B]to 128.50 lows & trades over 129.00 now. MAs remain aligned lower, MACD signal line & histogram below 0 line, RSI 49.77 & rising, OB zone, H1 ATR 0.367, Daily ATR 1.2850. [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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