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[QUOTE="HFM, post: 205272, member: 32345"] [b]Date : 1st March 2022. Market Update – March 1 – Calmer Markets For Now.[/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]Risk Off [/B]mood [B]cools, [/B]at least for now, with stock markets mixed, the [B]USD[/B], [B]Commodities[/B] and[B] Treasuries[/B] hold their bid. More Western companies pull investments from Russia, [B]Visa[/B] & [B]Mastercard[/B] block financial transactions, [B]Monaco[/B] and [B]London[/B] block more accounts. [B]Oil[/B] futures rally again, [B]Gold[/B] holds up and [B]Yields[/B] remain pressured. Overnight Asian markets moved higher, [B]JPY[/B] Manu. PMI miss, [B]CNY [/B]PMI’s beat (51.6 vs 50.6). [B]RBA[/B] keeps interest rates unchanged amid new uncertainty. Ukraine applies for EU membership as a 65km convoy of Russian armour heads towards Kyiv. [B]February Review [/B]– [B]S&P500[/B] fell [B]-3.1%[/B],[B] DJIA30[/B] lost[B] -3.5%[/B], & the [B]NASDAQ[/B] shed [B]-3.4%. [/B]Year to date the [B]S&P500[/B] is down [B]-8.2%[/B] with January & February being the biggest two-month drop since March 2020 and the onset of the pandemic. [LIST] [*]USD ([B]USDIndex[/B] [B]96.65[/B]). Traded below 97.00 most of yesterday. 96.50 next support. [*][B]US Yields[/B] 10-yr lower again closed at 1.839 Monday, 3 ticks higher to 1.86% now. [*][B]Equities[/B] – USA500 -10.70pts (-0.24%) [B]4373. [/B] (TSLA +7.48%, Zoom +5.81%, BP -4.95%, Total -7.62%) US500 FUTS recovering to [B]4386[/B] now. [*][B]USOil[/B] – Support at $93.00, yesterday, back to [B]$95.00[/B] now. [*][B]Gold[/B] – Holds over psychological [B]$1900 [/B]now, trades at $1908. [*][B]Bitcoin[/B] rallied over key 40 & 42K levels to trade at $43,400. [*][B]FX markets[/B] – [B]EURUSD [/B]back to [B]1.1225, [/B]from 1.1125 lows yesterday, [B]USDJPY [/B]holds [B]115.00 [/B]and [B]Cable[/B] recovers [B]1.3400 [/B]to trade at 1.3420 now. [/LIST] [B]European Open [/B]– The March 10-year Bund future is up 37 ticks at 167.41, outperforming versus Treasuries, which are down on the day. Europe’s geographical proximity to Ukraine and reliance on Russian oil and gas has left European markets more vulnerable to the fallout from the Ukraine war with [B]DAX and FTSE 100[/B] futures down[B] -0.4%. [/B]Developments in Ukraine will continue to overshadow the markets going forward. [B]Today [/B]– EU, UK & US Final [B]PMIs[/B], German [B]CPI[/B] & Retail Sales, US [B]ISM Manufacturing PMI[/B] & Construction Spending, Speeches from Fed’s Bostic & Mester, ECB’s [B]Lagarde[/B], BoE’s Saunders & President [B]Biden’s[/B] State of the Union Address. [B]Earnings[/B] Target, AMC, HP & Salesforce. [URL='https://analysis.hotforex.com/wp-content/uploads/2022/03/2022-03-01_09-48-34.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2022/03/2022-03-01_09-48-34.png[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]AUDJPY (+0.33%) [/B]The cooling of the risk off mood and RBA helped the pair recover. A breach of [B]83.00 [/B]lower earlier to 83.75 now. MAs aligned higher, MACD signal line & histogram above 0 line, RSI 65.80 & rising, OB zone, H1 ATR 0.139, Daily ATR 0.9450. [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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