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2022-01-13 12:30:52 USD dips, breaking 2-mth range, inflation (the biggest jump since June 1982) didn't surprise & kept intact expectations for Fed tapering & timeline for the first rate rise as early as March. Stocks mostly corrected in Asia, with rally in tech stocks running out of steam after a cautious close higher on Wall Street yesterday. Central bank moves and virus developments remain in focus while GER30 and UK100 futures are posting fractional gains. Chinese tech stocks retreated and troubles at China's property firms have come back in focus ahead of a wave of key payments. Topix and JPN225 down -0.7% and -1% respectively. USOil slips at 81.58 from 82.40 highs after EIA inventory data showed fuel demand has taken a hit from Omicron. Gold steady above $1820, as the USD and Treasury yields retreated after inflation data reinforced the need for quicker interest rate hikes. Biggest FX Mover @ (09:30 GMT) NZDUSD (+0.44%) extends above R1, to 0.6880 high.

Today – December PPI, weekly jobless claims, some ECB speakers. Open / Comment

2022-01-12 17:43:53 Chair Powell and US CPI dominate the week, following a big miss for #NFP headline on Friday. Chair Powell tried to cool the Balance Sheet reduction talk and US CPI hit a near 40-year high at 7%.

Watch the full video to find out more!

#HotForex #MarketMonitor #MarketNews Open / Comment

2022-01-12 13:00:00 Fed Powell, Mester and George along with a 3-yr auction added to the market action. This saw yields pick up and equities retreat. Commodities also caught a boost and oil touched pre-Omicron highs in Asia. USD (USDIndex 95.50) - 6-wk low on less hawkish Powell than expected, while data indicate more room for policy easing in China. China CPI inflation slowed to 1.5% y/y in December from 2.3% y/y. Treasury yields are richer, USA100 outperformed with a 1.4% gain. Boeing and Salesforce.com led USA30, while Illumina topped USA500, up 14% after giving better 2022 revenue guidance. The energy sector rallied 3%, while utilities were down 1%. USOil up at 81.06 & UKOIL at 83.98. Gold spiked to $1823. All eyes today are on the December US CPI headlines.

Biggest FX Mover @ (09:30 GMT) USDCAD (-0.10%) Pullback to 1.4268 extending to November's low area. Fast MAs keep sliding lower, MACD signal line & histogram turned below 0 line. RSI 38 and sloping lower, Stochastics entered OS area. Open / Comment

2022-01-11 12:10:31 The March 10-year Bund future is fractionally higher, underperforming versus Treasury futures. In cash markets US bonds have also found a footing after being pressured by stronger than expected data yesterday. Speculation of a March rate hike are mounting and the US curve flattened overnight as the short end underperformed. Goldman Sachs expects the Fed to raise rates 4 times this year. Markets will be watching Fed Chair Powell's testimony today. US futures are in the red, with a -0.2% correction in the USA100 future leading the way. GER30 and UK100 futures, however, are up 0.3%. Virus developments and central bank outlook remain in focus ahead of Powell's comments and inflation indicators this week. Gold north for a 3rd day at $1808. FX markets - EURUSD 1.1334, USDJPY 115.27, Cable steady at 1.3595.

Biggest FX Mover @ (09:30 GMT) CADJPY (+0.33%) Rebounded to 91.13 reversing nearly half this week's losses. MAs currently flat, MACD signal line & histogram below 0 line. RSI 51, Stochastics started rising. Open / Comment

2022-01-10 17:31:31 Big banks kick off Q4 earnings season!

Investors await quarterly results from major US banks and financial companies later this week:
Citigroup: Is this stock a “value” play among the big banks?
JPMorgan Chase: Will JPM earnings surpass analyst forecasts?
Wells Fargo: The bank has been a star in 2021, outperforming the broad bank index. Will it beat Q4 earnings estimates?
BlackRock: The world’s largest asset manager has been able to beat earnings per share (EPS) estimates most of the time in the last two years. What to expect from BlackRock’s stock post Q4 release?

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#HotForex #DMA #stocks #earnings Open / Comment

2022-01-10 12:58:14 Inflation worries and Fed hawkishness prompted buying in shares like banks that usually perform well in a high interest rate environment, while high-growth stocks were routed. Share markets have made cautious gains so far today as the US jobs report gave the greenlight to investors to count down to another US inflation reading that could well set the seal on an early rate hike from the Fed, lifting bond yields yet further. USD (USDIndex 96.20) slips but holds gains supported by higher yields – 95.88 currently. US 10-yr Yields were near highs last seen in early 2020 at 1.765%, Equities traded mixed. GER30 and UK100 futures are up 0.2%, as stock market sentiment improved at the start of the week.

Today – CB outlooks and virus developments will remain the focus of attention this week, with investors likely to keep a close eye on upcoming Fedspeak.

Biggest FX Mover @ (09:30 GMT) CADCHF (+0.33%) Rallied to 0.7289 extending to December's highs.

#HFAnalysis Open / Comment

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2022-01-07 12:30:12 Risk aversion recedes - Stocks stabilize but it’s all about the Yields USD softer again, Oil rallies, Gold & BTC sink again. Key FED hawk Bullard talked of actual rate hikes as early as March.

USD (USDIndex 96.20) slips but holds gains.
US Yields 10-yr rocked up AGAIN closed at 1.733%, at 1.72% now.
Equities - USA500 -4.53 (-0.10%) at 4696. USA500 FUTS now 4700.
USOil – has spiked over $79.00, trades at $79.75.
Gold - down under $1800 to support at $1788.
Bitcoin sinks to test next support, at 42,000 now.

FX markets - EURUSD back to 1.1300, USDJPY under 116.00 at 115.85, Cable back to 1.3545 from 1.3500.

Today – UK Construction PMI, EZ CPI (Flash), Economic Sentiment, US & Canadian Labour Market Reports, Fed's Barkin, Bostic & Daly.

Biggest FX Mover @ (07:30 GMT) GBPAUD (+0.18%) Rallied from 1.8640 lows to 1.8940 now. MAs aligned higher, MACD signal line & histogram lower but above 0 line. RSI 73 OB but still rising. H1 ATR 0.00198, Daily ATR 0.01000.

#HFAnalysis Open / Comment

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2022-01-06 11:45:15 Stocks tanked, Yields spiked and the USD held firm as EM & commodity currencies sank.

USD (USDIndex 96.30) holds gains supported by higher yields - Dow down -1% & Nasdaq losing 522 points -3.34%.
US Yields 10-yr rocked up to close at 1.70% trades higher again at 1.73% now.
Equities - USA500 -96 (-1.94%) at 4700 USA500 FUTS now 4691.
USOil – spiked over $78.00& trades at $76.84.
Gold - down to $1800 again.
Bitcoin sinks under holds over 45,000, trades at 43,200 now.
FX markets - EURUSD to 1.1285, USDJPY at 155.90, Cable back to test 1.3500 now.

Today – German CPI, EZ PPI, UK Services PMI, US Weekly Claims, ISM Services PMI & US Factory Orders.

Biggest FX Mover @ (07:30 GMT) AUDJPY (-1.10%) RISK OFF Fed inspired tank to sank to 82.90 from 84.34 yesterday's high breached 1.66.

#HFAnalysis #MarketNews #trading Open / Comment