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2021-03-12 10:34:38 Stimulus Bill signed by Biden – targets July 4 as “normalcy”. Stocks closed higher (Nasdaq +2.5%), Weekly Claims close to November low, 30-yr auction filled at 2.3%, again better than feared. ECB will quicken asset purchases but not increase them. Overnight Asian markets firmer; Nikkei +1.73%. German CPI inline and UK data dump biased to the upside.

Today – US PPI, Canadian jobs report, UoM Consumer Sentiment & Inflation expectations.

Biggest (FX) Mover @ (07:00 GMT) NZDUSD (+0.46%) Moved lower this morning from 0.7230 and then breached 200MA & PP at 0.7200. S1 at 0.7171. Faster MAs aligned lower, RSI 36.7 and falling, MACD histogram & signal line aligned lower, histogram testing 0 line. Stochs OS and still falling, MFI testing OS zone. H1 ATR 0.0011, Daily ATR 0.0090.

#HotForex #HFAnalysis #forex Open / Comment

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2021-03-11 11:07:31 Core inflation missed (0.1%) and 10-yr auction was filled at 1.52%, better than expected. DOW closed at new ATH (+1.46% - 32,2970) – Nasdaq flat - Stimulus bill passed - $1400 check to those on less than $75K and extra $300/week for unemployed. BOC – no change until “inflation objective is sustainably achieved”. Asia (China & SK rallied over 1.5%), Nikkei +0.6%. Huge Oil inventory build (13.8m vs 3.0m) shrugged off – tests $65 again.

Today – ECB policy announcement, US JOLTS & Weekly claims, OPEC MOMR.

Biggest (FX) Mover @ (07:30 GMT) AUDJPY (+0.71%) Big move from 83.50 lows yesterday, over 84.00 today and R3 at 84.45. Faster MAs aligned and higher, RSI 82.6 OB but still rising, MACD histogram & signal line aligned higher but looking stretched. Stochs 92 and OB from breaking 84.00 earlier. H1 ATR 0.1320, Daily ATR 0.9125.

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2021-03-10 18:14:06 Strong #NFP data on Friday could be the first sign of a tightening jobs market but there is a long way to go. The #USD, US Yields and the ECB are front and centre this week.

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2021-03-10 10:48:14 Big bounce back from Nasdaq (+3.69%, TSLA +19.64%, NIO +17.45%), Yields consolidate around 1.55%. Stimulus bill will pass into law later today. Nikkei closed flat. Overnight – Chinese CPI & PPI better than expected, RBA Lowe – would not say AUD is overvalued, but “comfortable” lower than last week. Gold bounced from key level ($1685), USOil drifted lower towards $63.00, BTC hit 55K.

Today – US CPI (13:30 GMT), BoC Rate Decision (15:00), Weekly Oil Inventories and – key today – Auction of $38 billion US 10-year Treasuries (18:00 GMT).

Biggest (FX) Mover @ (07:30 GMT) AUDUSD (-0.45%) Moved lower following LOWE comments. Under 0.7700 from 0.7820 highs yesterday, under PP (0.7865) earlier. Faster MAs aligned and lower but turning neutral, RSI 48 and neutral, MACD histogram & signal line aligned lower and attempting to break 0 line. Stochs rising from OS zone. H1 ATR 0.0012, Daily ATR 0.0098.

#HotForex #HFAnalysis #forex Open / Comment

2021-03-09 16:13:43 In our new educational video, market analyst Andria discusses the key inflation drivers, the concerns of the global central banks and more!

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2021-03-09 11:35:36 10-yr Yields rally. Yellen calls $1.9t stimulus package “very strong” for US economy. Nasdaq closed down -2.4% (10% below Feb high, a technical correction) but DOW gained 0.97%. PBOC lifted sentiment saying money supply would be in line with GDP growth and did not see need for stimulus for next 5 years. Nikkei +1%. Yields and USD slip overnight. Overnight - Mixed data from JPY, surprise jump for a UK retail sales tracker and the German Trade balance.

Today – BoE's Haldane, RBA's Lowe, Fed's Kaplan & US supply - $120b of 3-, 10- and 30-yr US Treasuries being auctioned this week – last week's “woeful” 7-yr auction saw yields double from the last auction in Nov.

Biggest (FX) Mover @ (07:30 GMT) GBPUSD (+0.42%) Big spike at 07:00. Moved higher following support at 1.3800 yesterday, now breached R1 at 1.3857, R2 at 1.3890. Faster MAs aligned and trending higher, RSI 60 and rising, MACD histogram & signal line aligned higher and attempting to break 0 line. Stochs into OB zone. H1 ATR 0.0020, Daily ATR 0.0115. Open / Comment

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2021-03-08 11:31:57 $1.9t stimulus package passes Senate with few changes, final ratification could be this week. Strong NFP on Friday boosted Stocks (+1.95%), Yields (1.554%) and USD (91.90) into close. Yield differentials now coming sharply into focus. Houthi missile attack on key Ras Tanura oil refinery spiked USOil prices 2.2% to within 4 cents of $68.00. Gold ($1700) remains weighed by rising yields and BTC pivots around 50k. China aiming for 6%+ growth in 2021, (2.3% 2020), with manufacturing still 25% of GDP. Trade balance +119% vs Feb 2020. JPY data better than expected (Nikkei down 0.42%), but German Ind. Production missed significantly.

Today – ECB asset purchase data, BoE's Bailey.

Biggest (FX) Mover @ (07:30 GMT) USDCHF (+0.39%) Moved higher on open over 20 MA and 0.9300, now breached R1 at 0.9320. Faster MAs aligned and trending higher, RSI 66 and rising, MACD histogram & signal line aligned lower but appear to be turning higher, well above 0 line. Stochs. into OB zone. H1 ATR 0.0010, Daily ATR 0.0067.

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