Hotforex.com - Market Analysis and News.

Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Mon Jul 26, 2021 12:03 pm

Date : 26th July 2021.

Market Update – July 26 – Chinese Regulators weigh on sentiment.

Image
Trading Leveraged Products is risky

Market News Today – USD dipped in early week trades (USDIndex 92.80 from over 93.00 on Friday) – Chinese & HK stock markets sank on more talk of regulation tightening. US equity markets traded at ATH’s again on Friday (USA500 +1%) on strong Earnings and expectations. Yields closed the week at 1.28. USD remains bid overall but softer this morning. Overnight – JPY CPI was a tick firmer, although Manu. PMI’s were weaker. Chinese PMI’s missed over the weekend and added to weaker Asian markets to start the big week ahead. Gold holds at 1807, from 1798 and USOil is down to 70.40 from 71.60.

Week Ahead – Rather significant – We have the FED, US GDP and PCE. A massive week ahead for US stock markets too – one third (30%+) of the S&P500 report 2Q Earnings including TSLA (today) APPL, AMZN, FB, & Alphabet & MSFT…over 20% of companies have reported already and 88% have beat (much improved from Q1) expectations.

European Open – The September 10-year Bund future is up 27 ticks at 176.08, Treasury futures are also moving higher, with the Ultra Bond outperforming, as stock market sentiment is hit by concern that the Delta variant will delay the recovery mounting worries over the impact of China’s clampdown on the tech sector. China and Hong Kong bourses sold off sharply overnight and DAX and FTSE 100 futures are currently down -0.5%, while a -0.5% decline in the Dow Jones is leading U.S. futures lower. In FX markets EURUSD is at 1.1779, USDJPY at 110.17 from 110.55 earlier and Cable at 1.3751.

Today – German Ifo, BoE and US supply and earnings from Tesla, LockheedMartin, Hasbro and Logitech.

Image

Biggest FX Mover @ (06:30 GMT) AUDJPY (-0.53%) Big move lower for the key risk-off pair, on Chinese tightening and JPY data. Dived from 81.50, under 20 MA, Faster MA’s aligned lower, MACD signal line & histogram under 0 line and moving loer, RS 31 and moving lower testing OS zone, Stochs weak and already OS. H1 ATR 0.117, Daily ATR 0.842.

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.

Click HERE 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 HERE to register for FREE!

Click HERE to READ more Market news.

Stuart Cowell
Head Market Analyst
HotForex

Disclaimer: 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.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
User avatar
HFblogNews
 
Posts: 1530
Joined: Thu Jun 26, 2014 7:28 am

Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Tue Jul 27, 2021 12:00 pm

Date : 27th July 2021.

Market Update – July 27 – Nearly everything in the red!

Image
Trading Leveraged Products is risky

Chinese ADRs seen worst since 2018 – Hang Seng tech extends losses. The Chinese education sector knocked the CSI off -3.2%. Overnight, Stocks traded mixed, with China bourses still pressured by fears of China’s regulatory clampdown. Chinese shares fell sharply to their lowest levels this year on Monday as investor worries over the impact of government regulations kneecapped the education and property sectors, after Beijing barred for-profit tutoring in core school subjects.

Data releases included Japan services PPI, which came in a tad higher than anticipated at 1.4% y/y, which was still down from 1.5% y/y in the previous month. China industrial profit growth slowed to 20.0% y/y from 36.4% y/y.

European open: Treasury futures are fractionally lower, although in cash markets the US 10-year has remained supported, leaving the rate down -1.2 bp at 1.378%. Eurozone bonds underperformed versus Gilts yesterday as peripheral stock markets caught a bid, but GER30 and UK100 futures are down -0.2% and -0.1% respectively at the moment, after a mixed session across Asia overnight.

In FX markets: EURUSD down at 1.1788, while Cable is trading at 1.3809. USDJPY is at 110.12, with the Yen broadly higher. USOIL meanwhile is at USD 71.76 per barrel. The Aussie and Kiwi traded cautiously, at 0.7362 and 0.6977. While the antipodean NZD is backed by a strong economy and a hawkish central bank, recent strength in the US Dollar and concerns about rising global COVID-19 infections have kept the Kiwi range-bound over the last month. Markets are likely to remain cautious going into tomorrow’s FOMC announcement. Tesla’s profits soared to record 1.1 billion, LVMH Q2 sales soared beating forecasts.

Image

Biggest FX Mover @ (06:30 GMT) NZDJPY (-0.57%) – Dived from 77.30 to 76.53, breaking S1. The fast MAs aligned lower, MACD signal line & histogram under 0 line and moving lower, RS 26 and moving lower testing OS zone.

Today: Wider markets are watching virus developments while waiting for US tech earnings and the FOMC announcement tomorrow. Earnings reports provide a distraction and investors will also keep an eye on virus developments. Local data releases meanwhile are unlikely to change the picture much, with US Durables, consumer confidence and Home prices later on.

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.

Click HERE 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 HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer: 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.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
User avatar
HFblogNews
 
Posts: 1530
Joined: Thu Jun 26, 2014 7:28 am

Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Wed Jul 28, 2021 12:31 pm

Date : 28th July 2021.

Market Update – July 28 – Risk aversion ahead of FED.

Image
LONDON

“It is not China’s aggressive foreign policy that is the source of the disturbance in the capital markets, but its aggressiveness at home as it asserts over control parts of the tech sector and toughens its anti-trust efforts.” – Marc Chandler

Treasuries have led European bonds higher, as stock markets remain cautious ahead of the FOMC announcement. Risk aversion continues to dominate as virus developments cloud over the outlook for growth in the second quarter. Also, China’s regulatory clampdown spooks investors.

The delta variant is keeping central banks in wait and see mode for now although the more hawkish camps are likely to push for a discussion on tapering after the summer – at least in the central scenario.

BoJ’s summary of opinions also highlighted the need for ongoing caution with regard to tightening.

Earnings reports have actually been better than expected on the whole. – GER30 and UK100 futures are still down -0.2%, US futures also slightly lower.

Australia bonds rallied despite a spike in CPI inflation to 3.8% y/y in the second quarter.

German GfK consumer confidence held steady in the advance reading for August, against expectations for a further marked improvement.

US reports revealed a modest under-performance for the durable goods figures and another robust round of home price gains. For durables, the June data were modestly disappointing, but most May metrics were revised upward, leaving only a slight disappointment.

In FX markets: The USDIndex lifted out of a 13-day low, while EURUSD concurrently ebbed back towards the 1.1800 level, down from yesterday’s 13-day high at 1.1841. The Dollar remained comparatively softer versus the Pound, which rallied across-the-board yesterday as markets reacted to the sharp drop in Covid cases and the IMF’s sharp upward revision in its UK growth forecast for 2021, which, to recap, it expects at 7.0% and would mark the joint fastest growth out of the major advanced economies. Cable settled just off Tuesday’s 13-day peak at 1.3895. AUDUSD was heavy, AUDJPY also managed to hold above its Tuesday lows after a sharp decline yesterday and USDCAD ebbed back to the upper 1.2500s after yesterday’s short-lived foray above 1.2600, which left Friday’s peak at 1.2608 unchallenged.

Image

Biggest FX Mover @ (06:30 GMT) CADCHF(+0.57%) – Spiked to 0.7280 from 0.7245, breaking PP. Currently the fast MAs are flattened, MACD signal line & histogram under 0 line, and RSI is at 46 and moving lower with all suggesting that the spike was limited and a pullback could be seen.

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.

Click HERE 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 HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer: 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.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
User avatar
HFblogNews
 
Posts: 1530
Joined: Thu Jun 26, 2014 7:28 am

Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Thu Jul 29, 2021 12:24 pm

Date : 29th July 2021.

Market Update – July 29 – Equities gained on the back of a dovish FED.

Image

Narrow ranges prevailed across asset classes yesterday and there wasn’t too much of a reaction to yesterday’s Fed announcement. The Fed provided some buying impetus and both stocks and bonds closed with modest gains in tandem with Treasuries and Wall Street. Overnight, the Treasury yields lifted 0.3 bp to 1.24% as Chinese shares led a broad rebound in Asian stock markets.

Like the ECB, the Fed signalled progress on the recovery, but also effectively signalled a cautious wait and see stance over the summer.– The FOMC signalled patience on tapering.
Chinese officials stepped up efforts to reassure investors, with state run media questioning whether the correction in equities was overdone and reports suggesting China will continue to allow local firms to go public in the US.
China’s central bank boosted cash injections by adding 30 billion Yuan.
Australia import and export prices came in higher than anticipated, which left local bonds paring earlier gains.
Topixand JPN225 are currently up 0.2% and 0.6%.
GER30and UK100 futures are down -0.1% though and US futures narrowly mixed, as investors wait for US GDP data.
Weekly US inventory data showed a 4.1 mln barrel draw on stockpiles, more than the median forecast for a 3.43 mln draw.
A Reuters reporthighlights analysts are expecting a quicker-than-is-being-anticipated plateau in summer oil demand across the northern hemisphere due to the impact of new restrictions in the face of the Delta variant driven spike in new Covid cases.
Proposed US infrastructure deallooks to higher taxes on crypto for part of the funding.
Pfizer Inc. in Q2 2021 jumped 92% on the year to $19 billion, exceeding analyst expectations.
Nissan Motor and some semiconductor firms (Advantest, Screen Holdings, TDK) delivered surprisingly strong earnings.
In FX markets: Both the EUR and the Pound have moved higher against a largely weaker USD, with EURUSD now at 1.1863 and Cable at 1.3936. USDJPY dropped back to 109.66. USOIL meanwhile is trading at $72.20 per barrel. Gold prices spiked to 1819 as the US Federal Reserve chairman struck a dovish tone after the policy meeting.

Today: The European calendar is busy today with German HICP inflation and labour market data alongside the Eurozone ESI economic confidence reading. Markets are also waiting for US GDP data.

Image

Biggest FX Mover @ (06:30 GMT) XAUUSD (+0.72%) – Spiked to 1819.81 breaking 20-, 50- and 200-day EMA. Currently the fast MAs are still aligned higher as MACD signal line & histogram point northwards and RSI extended to 71.60 suggesting that the positive bias increases.

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.

Click HERE 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 HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer: 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.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
User avatar
HFblogNews
 
Posts: 1530
Joined: Thu Jun 26, 2014 7:28 am

Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Fri Jul 30, 2021 12:19 pm

Date : 30th July 2021.

Market Update – July 30.

Image

Improved demand for risk boosted Wall Street overnight and weighed on Treasuries amid myriad crosscurrents. The markets are busy repositioning in the last week of July now that the Fed is safely out of the way with little likelihood for a tapering announcement until at least November. The miss on Q2 GDP was overlooked as inventories were the major culprit, while the surge in the price indicators to near 4-decade highs added to the pressure on bonds.

The focus turned back to earnings, data, the Delta variant, and the infrastructure deal out of Washington.

Good earnings news in general supported stocks with the USA30 and USA500 leading the way with gains of 0.4%, while the USA100 rose 0.1% as concerns over guidance from heavyweights, including Facebook and Paypal (beat earnings estimates, but guided lower), limited enthusiasm. Amazon’s online sales growth is slowing as lockdowns ease. Amazon’s core online store business disappointed, since it grew 15%, the slowest rate since 2019, despite it bringing forward its flagship Prime Day sales event to June. In Europe, GER30 and UK100 futures are also down -0.7% and -0.6% respectively.

In FX markets: EUR and GBP corrected against a stronger USD, leaving EURUSD at 1.1877 and Cable at 1.3980. USDJPY lifted to 109.60, although the Yen was steady to higher versus most other currencies. USOIL is at $73.38 per barrel. Gold was little changed at $1,831.

Image

USOIL’s rally to 2-week highs over $73.20 on tight US supplies helped the CAD today as well. The market ignored the small uptick in Canada May average weekly earnings. USOIL stabilized at 72.60 today while PP is set at 72.45 and Resistance is at 73.00 and 73.30.

Today: The calendar is busy and focuses on Q2 GDP numbers for the Eurozone and Germany, which is expected to show a strong rebound from the contraction in the first quarter, while preliminary HICP readings could come in higher than anticipated, after strong German numbers yesterday. US CPI is also on tap, and it should decline -0.8% in June following the -2.0% May drop. Spending is forecast rising 0.9% after the unchanged reading in May. Weakness should result in a -5.5% decline in “current transfer receipts” after an -11.7% May plunge, as this measure tracks the pull-back in stimulus spending. This will more than offset the 0.5% rise in compensation. The savings rate should fall to 10.8% from 12.4% in May and a 27.6% peak in March.

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.

Click HERE 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 HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer: 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.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
User avatar
HFblogNews
 
Posts: 1530
Joined: Thu Jun 26, 2014 7:28 am

Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Mon Aug 02, 2021 5:42 am

Date : 2nd August 2021.

Market Update – August 2 – USD consolidates at lows.

Image

Market News Today – USD up from 1-month lows (USDIndex 92.00 from 91.75 Friday) – Chinese & Asian stock markets rise, despite weak Chinese PMI & other Asian data. US equity markets closed lower on Friday (-0.54% USA500 4395) led by -7.56% fall for AMZN. Yields closed the week down at 1.239%. Overnight – HSBC beat earnings significantly, adding to good news from other European banks. AUD housing market still hot, JPY consumer confidence ticks up, German Retail sales bounce back significantly. Gold down again at 1808, USOil also down, but up from a test of 72.00, earlier.

Week Ahead – Another key week to start the month – RBA, BoE, CAD Jobs, NFP & a raft of PMI data.

European Open – DAX & FTSE 100 futures up 0.5% & 0.4% respectively, US futures posting gains of 0.5-0.6% after an upbeat session across Asia-Pacific region overnight. In FX markets both EUR & GBP little changed against USD, with EURUSD at 1.1873 & Cable at 1.3909. China jitters eased & there was some progress on the (much reduced) US infrastructure spending plan, which helped underpin sentiment. Virus developments in Asia continue to cause worries, but for Europe at least the hope is that advanced vaccination campaigns will allow economies to get through this wave without the type of restrictions that could seriously hurt the recovery. Central banks are cautious though as there are still lingering risks that will likely also keep the BoE in wait & see mode this week.

Today – EU, UK, US Manufacturing PMI (Final), US ISM Manufacturing PMI Earnings: AXA, Heineken,

Image

Biggest FX Mover @ (06:30 GMT) AUDNZD (+0.19%) Has moved up from 1.0517 (2021 and 33 week lows) on Friday. Weak breach of 21 EMA earlier, Faster MA’s aligned higher, MACD signal line & histogram under 0 line but moving higher, RS 55, neutral but rising, Stochs rising and already into OB zone. H1 ATR 0.0008, Daily ATR 0.0051.

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.

Click HERE 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 HERE to register for FREE!

Click HERE to READ more Market news.

Stuart Cowell
Head Market Analyst
HotForex

Disclaimer: 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.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
User avatar
HFblogNews
 
Posts: 1530
Joined: Thu Jun 26, 2014 7:28 am

Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Tue Aug 03, 2021 6:32 am

Date : 3rd August 2021.

Market Update – August 3 – USD, Equites & Yields Pressured on weak data & Virus surge.

Image
Trading Leveraged Products is risky

Market News Today – USD pressured again (USDIndex struggles @ 92.00) on weak data yesterday & virus surge in Southern low-vaccination states. JPY & CHF benefit – Yields lead – down again; 10yr 1.51%, lows – closed at 1.74%. Equities flat into close (USA500 4387). Oil dumps -3.5%, CAD sinks.

RBA more Hawkish than expected – AUD rallied – September taper looks set though cautious undertones remain amid concerns over housing market & virus & vaccination situation. Chinese & Asian stock markets very mixed after more Chinese clampdowns (this time on Gaming) and virus surge in China. Fed’s WALLER (Hawk) suggests September taper announcement. Overnight data mixed; better CPI for Tokyo, weaker Housing approvals for AUD. Gold holds at 1808 but USOil down significantly to test 70.00, yesterday and only 70.30 now.

European Open – September 10-yr Bund future fractionally higher, US futures marginally lower, while in cash markets 10-yr Treasury rate is struggling at 1.176%. The real 10-yr Treasury yield remains close to record low. DAX & FTSE100 futures down -0.2% & -0.1% respectively, US futures up 0.2-0.3% after a largely weaker Asia session. With little on the European calendar to distract markets those will likely also be the themes for the European AM session, alongside earnings reports. The BoE decision tomorrow is also coming into view with the UK expected to join Fed & ECB & signal cautious patience for now.

Today – US Factory Orders, Fed’s Bowman, – Earnings: Generali, Societe Generale, BMW, Infineon, BP, Standard Chartered, Alibaba, Phillps 66, Eli Lilly, ConocoPhillips.

Image

Biggest FX Mover @ (06:30 GMT) NZDCAD (+0.19%) Has moved up from 0.8680 (14 day low yesterday) as Oil prices tumbled and NZD got a lift from Hawkish RBA. Significant breach of 21 EMA yesterday, Faster MA’s aligned higher, MACD signal line & histogram over 0 and moving higher, RS 78 and well into OB zone. H1 ATR 0.0011, Daily ATR 0.0060.

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.

Click HERE 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 HERE to register for FREE!

Click HERE to READ more Market news.

Stuart Cowell
Head Market Analyst
HotForex

Disclaimer: 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.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
User avatar
HFblogNews
 
Posts: 1530
Joined: Thu Jun 26, 2014 7:28 am

Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Thu Aug 05, 2021 2:56 pm

Date : 5th August 2021.

Market Update – August 5 – USD Holds gains following Hawkish Clarida.

Image
Trading Leveraged Products is risky

Market News Today – USD (USDIndex 92.20) & Yields (10yr 1.20%) boosted. Fed Vice Chair Clarida continues hawkish tilt. Earlier big miss for ADP (330k vs 700k) had seen Yields tank to 1.127% (6-mth low) & USDIndex 91.80 before big beat for ISM Non-Manu. PMI & Clarida’s “rate lift-off in 2023” & “tapering in 2021” comments. Equities mixed at close (USA500 -0.46% 4402). Asian markets hold gains. Oil inventories show a big build (+3.6m vs -3.2m & -4.1m last week) – USOil declined further to $67.16 (11-day low) recovered $68.00 handle now. Gold spiked to $1830 after ADP, back to $1810 now. German Factory orders – a big beat 4.1% vs 2.1%.

European Open – September 10-yr Bund future up 20 ticks, while Treasury futures are slightly lower, as investors continue to digest comments from Clarida, who said he was surprised by the extent of the slide in global yields – indeed it seems surprising that with the recovery now pretty much confirmed, the German 10-yr rate should be at -0.503%, i.e. lower than the deposit rate.

BOE Outlook – Some risk of hawkish twist. The bank is expected to keep policy settings unchanged, but some expect Bailey to explain the outcome of the review on how to best withdraw stimulus when the time comes. If he does, it should not be seen as a sign of imminent tightening, but could spook markets, especially after Clarida’s comments yesterday. US futures are fractionally higher. In FX markets EURUSD is little changed at 1.1840, while Cable is at 1.3925 ahead of BOE.

Today – US weekly jobs, BoE Policy Announcement & Press Conference, Fed’s Waller. Earnings: Adidas, Bayer, Continental, Credit Agricole, Lufthansa, Deutsche Post, Siemens, Glencore, Rolls Royce, WPP, ViacomCBS, Kellogg.

Image

Biggest FX Mover @ (06:30 GMT) AUDJPY (+0.32%) Rallied from 80.50 support to 81.00 yesterday before closing lower at 80.75. Retesting 81.00 again today. Faster MA’s aligned higher, MACD signal line & histogram over 0 significantly and moving higher, RS 60 and still rising. H1 ATR 0.081, Daily ATR 0.710.

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.

Click HERE 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 HERE to register for FREE!

Click HERE to READ more Market news.

Stuart Cowell
Head Market Analyst
HotForex

Disclaimer: 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.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
User avatar
HFblogNews
 
Posts: 1530
Joined: Thu Jun 26, 2014 7:28 am

Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Fri Aug 06, 2021 1:34 pm

Date : 6th August 2021.

Market Update – August 6 – USD Firmer on Jobs Day.

Image
Trading Leveraged Products is risky

Market News Today – USD (USDIndex 92.35) & Yields (10yr 1.237%) both higher today ahead of NFP. Weekly claims were in-line (385K). Equities rallied into close (USA500 +0.46% 4429). Asian markets weaker again on virus worries. BOE implied that rates hikes may come sooner than expected, avoided direct talk on taper and raised inflation expectations to 4%. Overnight – Significantly weaker JPY and German data. USOil rallied from $67.13 (12-day low) to $69.00 handle now. Gold spiked down to $1798 and struggles to hold the key $1800 now. The US Senate could agreed $1 trillion infra. plan on Saturday.

European Open – The September 10-year Bund future is slightly lower, Treasury futures are underperforming and in cash markets the U.S. 10-year rate is up 1.1 bp at 1.24%. Tapering speculation is creeping back in and markets will be cautious ahead of today’s all important US payroll report. DAX and FTSE 100 futures are currently flat, up 0.019% and down -0.057%, respectively, while US futures are fractionally lower. Eurozone markets extended higher with Wall Street yesterday, but caution is likely to prevail ahead of the payroll report today.

Today – US & Canadian Labour Market Reports, BoE’s Bailey – Earnings: Allianz, ING, Hikma Pharmaceutical, LSE, Dominion Energy.

Image

Biggest Mover @ (06:30 GMT) Copper (+0.85%) Rallied from 12 day fall to 4.3000 yesterday to test 20-day MA at 4.3930 today. Faster MA’s aligned higher, MACD signal line & histogram over 0 significantly and moving higher, RS 76, OB but still rising. H1 ATR 0.0103, Daily ATR 0.1014.

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.

Click HERE 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 HERE to register for FREE!

Click HERE to READ more Market news.

Stuart Cowell
Head Market Analyst
HotForex

Disclaimer: 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.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
User avatar
HFblogNews
 
Posts: 1530
Joined: Thu Jun 26, 2014 7:28 am

Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Mon Aug 09, 2021 12:57 pm

Date : 9th August 2021.

Market Update – August 9 – Gold dips to 1681.

Image
Trading Leveraged Products is risky

Market News Today – Bonds across Asia-Pacific were mostly under pressure, while stocks moved higher. September 10-year Bund future is down 5 ticks at 176.45, outperforming slightly versus US futures. That ties in with pressure on bond markets during Asian hours.

Japan is on holiday today, but elsewhere concern over China’s regulatory clampdown eased, which helped underpin risk appetite, as did progress on the US infrastructure plan, which is expected to be signed off by the Senate early this week. Part of the move higher in local markets will also be catch up trade following the stellar US jobs report last week. The spread of the Delta variant continues to cloud over the outlook for global growth & that is also a key reason behind the slide in oil prices.

GER30 and UK100 futures are currently down -0.1% and -0.2% respectively and US futures are also posting losses of around -0.1/0.2%. In FX markets both EUR and GBP are little changed against the USD at 1.1763 and 1.3870 respectively. USD (USDIndex 92.74) & Yields (10yr 1.297%) both higher. JPY eased to 110.18, while USOIL prices continued to slide, currently to $66.32 per barrel. Gold slipped to a more than 4-month low today.

Today – Data releases today focus on German trade data which beat expectations in June in rising 1.3% m/m, after a mere 0.4% m/m in the previous month. Import growth meanwhile slowed to 0.6% m/m from 3.4% m/m, which left the sa trade surplus of EUR 13.6 bln, up from EUR 12.8 bln in May. Elseswhere we have Jolts Job Openings and FOMC speeches from Bostic and Barkin (voters).

Image

Biggest Mover @ (06:30 GMT) Gold slipped to a more than 4-month low today (-4.4%) Drifted by nearly 82 points from 1,764.59 to 1,681.83. Faster MA’s clashed, MACD signal line currently below histogram well below 0, RSI 39, all suggesting that the dip reached its end and correction took over. H1 ATR 12.65, Daily ATR 24.20.

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.

Click HERE 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 HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer: 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.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
User avatar
HFblogNews
 
Posts: 1530
Joined: Thu Jun 26, 2014 7:28 am

PreviousNext

Return to EUR/USD