kamal

2021-04-08 10:01:27 USD (new 2-week lows) and 10-yr yields cool further. FED mins. supported lower for longer mantra, benign inflation concerns and no scaling back of support until recovery is clear. US Trade deficit at record, increasing by 4.8%, Biden offered to negotiate on 28% corporate tax rate proposals (25%?). Overnight – Nikkei closed down 0.07%, UK houses prices climbed, JPY Consumer confidence up significantly and German factory orders inline.

Today – ECB minutes, US Weekly Claims, BoE's Haldane, Fed's Bullard, Powell, Kashkari.

Biggest (FX) Mover @ (07:30 GMT) AUDUSD (+0.30%) rallied from a test of 0.7600 yesterday over S1 and has moved higher today. Over 200hr MA to test PP at 0.7640. MAs remain aligned higher, RSI 53 but still rising, MACD histogram & signal line aligned higher but remain under 0 line from early yesterday. Stochs in OB zone and cooling. H1 ATR 0.0009, Daily ATR 0.0064.

#HotForex #HFAnalysis #forex Open / Comment

2021-04-07 10:19:12 USD (2-week lows) and 10-yr yields cool further. JPY sees new financial year bid, EUR, GBP also flat – CAD & AUD crosses weaker. USOil remains under $60.00, Gold holds at $1735. EU unemployment rose unsurprisingly & US JOLTS (job moves and openings) are at 2 yr highs. EU-US disparity continues. Overnight – Asian markets touch 3-week highs – Nikkei also closed flat – Samsung Q1 profits up 45%. European FUTs also flat. India reported record 115,000 virus cases, AZ pause testing vaccine on children and EU talk of 60% of popn. offered vaccine by June.

Today – EZ, UK & US final services & composite PMIs, ECB asset purchases & bi-monthly PEPP summary, DoEs, FOMC minutes, Fed's Evans, Kaplan, Barkin,

Biggest (FX) Mover @ (07:30 GMT) USDCAD (+0.36%) rallied from test of 1.2500 on Monday to close at 1.2580 yesterday and breach 1.2600 and R2 now. R3 1.2635. MAs remain aligned higher, RSI 71 and in OB zone but still rising, MACD histogram & signal line aligned higher and over 0 line from midday yesterday.

#HotForex Open / Comment

2021-04-06 09:57:11 US Equities closed at new all-time highs, (Service PMIs at record, TSLA beats delivery targets – shares up +4%) USD & 10-yr yields cool. No change to rates (0.1%), bond buying or outlook from RBA, AUD unfazed. Yellen suggests global minimum tax rate, Credit Suisse announces $4.7bn hit from Archegos margin call. Overnight JPY earnings better, spending worse, CNY Services PMIs beat. UK shops, pubs & restaurants open from April 12, NZ-Aus flight corridor same day. Globally 658 million vaccines administered across 151 countries. India & Brazil remain areas of concern.

Today – EZ unemployment, ECB asset purchases, US JOLTS.

Biggest (FX) Mover @ (07:30 GMT) NZDCHF (+0.20%) rallied from test of 200MA on open (0.6600) to PP at 0.6620 and over 50 MA. Yesterday declined from 0.6645 high. Faster MAs remain aligned higher, RSI 53 and rising, MACD histogram & signal line aligned higher but under 0 line from open after yesterday’s fall. Stochs rising. H1 ATR 0.0008, Daily ATR 0.0046.

#HotForex #HFAnalysis #forex Open / Comment

2021-04-05 10:34:22 Aus, NZ, Singapore, China & HK closed in Asia, most of Europe, Canada & Latin America all closed. FX markets range bound but USD holds gains after blockbuster NFP data (916k headline, 156k additional jobs in last 2 months), expectations for upward revisions for other March data and Q1 GDP now 4.6% from 4.3%. Week Ahead – RBA (6th) EU PMIs & FOMC Minutes (7th), ECB Minutes, Weekly Claims & Powell speech (8th) CAD Jobs & US PPI (9th).

Today – ISM Services PMI (USD, GMT 14:00) – The ISM-NMI index should rise to 57.5 from 55.3 in February.

Biggest (FX) Mover @ (07:30 GMT) GBPNZD (+0.24%) rallied from 200MA on open, over 50 MA and R1 (1.9688) now. Upper BB 1.9720. Faster MAs remain aligned higher, RSI 69 and rising to test OB zone, MACD histogram & signal line aligned higher but under 0 line. Stochs rising. H1 ATR 0.0024, Daily ATR 0.0144.

#HotForex #HFAnalysis #forex Open / Comment

2021-04-02 11:03:10 Q2 kicked off in strong fashion for both bonds & stocks, trading activity accelerated by the market closures on Good Friday. Wall Street had strong session too, supported by the USA500 up over 1% and through the 4000 level for the first time ever. In FX markets, the USDIndex lost ground falling to 92.85, while USDJPY has come under some pressure to 110.40, as has the Dollar generally. Softer Treasury yields likely prompted some position squaring, while the failure to take out the 111.00 level. The OPEC would leave production levels unchanged through end of April, then increase production by more than 2 million barrels per day to the market by July. Today – Attention is on US Friday's jobs report.

Biggest (FX) Mover @ (07:30 GMT) USOIL (+3.87%) The asset spiked to 61.73 retesting March Resistance and 38.2% Fib. level from February's decline. Fast MAs turning right, with RSI flattened and MACD positive but with signal line still at zero. Hence, overall intraday neutral picture. H1 ATR 0.83, Daily ATR 2.93. Open / Comment

2021-04-01 14:26:32 A volatile week which saw a huge Margin Call crash through the investment bank sector and a further rise in the US Dollar and Yields ends with the #NFP and a long weekend Easter break for many markets.

Watch the video to find out more!

#HotForex #MarketMonitor #forex Open / Comment

2021-04-01 10:32:14 Investors continue to focus on the recovery. Risk appetite is supported by vaccines, now by expectations of more stimulus with President Biden announcing another $2.25 tln infrastructure deal. Hence stocks closed Q1 mostly firmer, with a new record high on the USA500, rising 0.46% to 13,246.Eurozone bond markets closed higher and stocks struggled, with dovish comments from ECB's Lagarde helping to underpin peripheral markets. In FX markets, USDIndex is back on 93.30 area this morning. Profit taking appeared to be a motive for some pullback, despite mostly better data. AUD meanwhile was the main underperformer. Today – The focus will be on confidence numbers again, with the final round of manufacturing PMIs, which are likely to confirm a further acceleration in the pace of expansion. Attention is on US Friday's jobs report.

Biggest (FX) Mover @ (07:30 GMT) AUDCAD (-0.71%) The asset drifted to 0.7530 breaking a 3-month support level which seems also to be a neckline of a head and shoulder formation. Open / Comment

2021-03-31 11:14:51 Markets have been affected by month- and quarter-end, which has resulted in large portfolio adjustments at many institutional investment managers given the sizeable divergence between bond markets and equity markets in Q1. Fallout from the collapse of Archegos Capital has also been the source of disruption in financial markets. The 10-year Treasury yield is up 2.7 bp at 1.73% and Asian stock markets mostly declined. The Dollar strengthened against most other currencies, while USDJPY clocked a new one-year high at 110.96. Data releases today include Eurozone inflation data and US ADP, and President Biden is also due to speak.

Biggest (FX) Mover @ (07:30 GMT) CADJPY (+0.54%) The asset prices spiked at 87.86, reaching R2, extending the 6 day rally and recovering nearly all March losses. Fast MAs remain flattened for now, with RSI turning lower below 70, however MACD histogram & signal line are bullishly crossed. These suggest near term consolidation. H1 ATR 0.126, Daily ATR 0.65.

#HotForex #HFAnalysis #forex Open / Comment

2021-03-30 15:17:57 Committed to providing our clients with premium education from trading experts to help become the best traders you can be!

Learn more http://bit.ly/Education_tel

#HotForex #HFEducation #forex #trading Open / Comment

2021-03-29 15:49:03 Are you a PAMM Manager or Investor? Control your account, your funds and your portfolio from anywhere!

Get our FREE app today https://bit.ly/HF_App_tel

#HotForex #HFApp #forex #trading #PAMM Open / Comment