kamal

2021-03-05 12:07:30 Wall Street turned sharply lower following Fed Chair Powell's remarks, even though it was not what he said but what he did not mention that undermined equity sentiment. Specifically, he did not push back against the recent surge in Treasury rates. Consequently, the stock market was dragged lower once again thanks to rising rates and expectations for more of the same as the economy and inflation pick-up further. The tech-heavy USA100 over -3% lower intraday, with spill over to the broader indexes. Oil prices jumped higher after the OPEC+ meeting decided to maintain current output levels. The USOIL is currently trading at USD 64.60 per barrel. Biggest mover - NZDUSD (+0.45% as of 07:30 GMT).

Today: Attention will turn to the US February employment report, hourly earnings, unemployment rate, January trade report and consumer credit is due late in the session, seen rising $10.0 bln from $9.7 bln previously. Canadian Ivey Purchasing Index in the tap as well.

#HotForex #HFAnalysis #forex Open / Comment

2021-03-04 16:36:01 Partnering with us means partnering with a multi-award winning broker of choice with millions of clients!

Discover more benefits here https://bit.ly/HF_Partners_tel

#HotForex #HFPartners #forex #commission Open / Comment

2021-03-04 12:07:14 Reflation trades are back with a vengeance, putting pressure on stock markets as yields rise. Treasuries managed to stabilise somewhat overnight, after a sell off yesterday saw rates pushing higher again, but across Asia bonds as well as stocks sold off. Markets are looking ahead to scheduled comments from Fed Chairman Powell for soothing words, but in Asia mounting concern over the health of China's property market added to pressure on equity markets. Essentially it seems the turning point on policy is getting closer and that will keep bonds under pressure. JPY – at 7-month high. GOLD – hit a 9-month low of $1,701.8. AUD, which is often traded as a proxy for global growth because it is closely tied to commodities, recovered from early losses and rose to $0.7810.

Today: The calendar has Eurozone retail sales and unemployment data for January. Initial and continuous Jobless claims will be on tap however Fed's Chairman Powell and the OPEC meeting will be in the spotlight.

#HotForex #HFAnalysis #forex Open / Comment

2021-03-03 18:14:02 The markets' focus on rising yields continues into March. #USD recovers a tad, #Gold continues to decline and #Stocks & #Oil retreat from highs. NFP & OPEC+ still to come.

#HotForex #MarketMonitor Open / Comment

2021-03-03 12:04:40 Optimism on the outlook remains very supportive, especially with more vaccines on the way and another big stimulus injection on the horizon. Recent data support that point of view with many revising up Q1 and 2021 growth projections. Treasuries have stabilized too which has helped calm jitters regarding the bearish impacts on stocks from rising rates, and worries inflation pressures will pick up and cause the FOMC to pullback accommodation sooner than expected. Today's calendar includes final readings for Eurozone and UK services PMIs for Feb. UK Chancellor Sunak will present his budget proposal today, with reports already out indicating that furlough measures will be extended until September. Also on tap are the US ISM Services for Feb along with ADP employment data.

GOLD declines further below 50-day EMA and 8-month Support.
USOil – edged up to $60.10 per barrel, amid growing conviction that the OPEC+ alliance is poised to agree an increase in output this week.

Biggest mover - GBPJPY (+0.37% as of 07:30) Open / Comment

2021-03-02 13:17:40 The major indexes surged sharply higher on the back of more good news on vaccines and the expectation of massive stimulus sooner than later. But opening the door for the gains was the more subdued tenor of the Treasury market. In the Asia session, risk aversion returned and stock market sentiment faded. Major indexes quickly pared early gains and headed south, while Treasuries were supported and the US rate dropped back -0.2%. RBA left policy settings unchanged. China's banking regulator highlighted worries about bubbles in overseas financial markets, but also domestic property markets, with suggestions that leverage will be reduced, which only added to concerns about further tightening in China.

GOLD – slumped to lowest in 9 months, as stronger Dollar and elevated US Treasury yields eroded investor appetite for the non-yielding metal. XAGUSD (-2.19% decline). USOil – below $60 .

Today: Calendar focuses on Eurozone inflation data for February, as well as German jobless numbers and retail sales. Open / Comment

2021-03-01 16:41:06 With the use of AI driven data tools and powerful visualization techniques, Advanced Insights empowers traders to optimize their trading strategies and conduct their research directly within the platform itself, making it easier and quicker to place their trades!

Find out more here http://bit.ly/Advanced_Insights_tel

#HotForex #trading #forex #investment Open / Comment

2021-03-01 12:36:13 Bond as well as stock markets rallied across Asia, with yields correcting sharply. The big swings in the markets of late, especially Thursday's wild ride, intensified an increasingly nervous tone on Wall Street which is still just off record highs. RBA doubled its regular purchase volume at its bond-buying operation, something that indicates its opposition to higher rates in the market. Australia's 10-year rate dropped back. China's official manufacturing PMI came in below expectations but Japan's reading lifted into expansion territory again. Tech-heavy USA100 futures outperforming again. US approved new single shot vaccine by Johnson & Johnson, which is hoped will speed up the vaccination process. British finance minister Rishi Sunak set to announce an extra 1.65 billion pounds ($2.30 billion) to fund the country's vaccination program. US House of Representatives passed $1.9 tln stimulus package.

Today: Eyes are on RBA (Tuesday) Chair Powell (Thursday) & NFP (Friday).

#HotForex #HFAnalysis #forex Open / Comment

2021-02-26 15:53:38 Join our award-winning #HFPartners program and watch your revenue grow along with your business while enjoying continuous support and professional service!

Join now http://bit.ly/3pWNaT6

#HotForex #forex #trading #investment Open / Comment

2021-02-26 12:03:50 Yields spike (10-yr +9.27), Equities tank (Nasdaq -3.52%, Nikkei -4%), USD off 3-year lows. Commodity, EM currencies & Sterling cool from highs. Oil holds up (US attack on Iranian groups in Syria), Gold falls further, BTC at $46K. US data yesterday biased to the upside (big fall Claims, Durables beat & GDP in-line.) Overnight – weak Housing, also weak but better than expected CPI & Retail data from JPY. Senate rejects $15 min wage in Stimulus bill and looks to trim the $1.9t proposals.

Today – US Personal Income, PCE & core PCE, Chicago PMI, Uni of Michigan, ECB's Schnabel, BoE's Ramsden, Haldane.

Biggest (FX) Mover @ (07:30 GMT) AUDJPY (-0.61%) Reversal of yesterday's rally towards 85.00. Broke lower and under 20MA at R1 84.45 yesterday, now under PP and testing S1 and 200hr MA at 83.00. Faster MAs aligned and trending lower, RSI 34 and falling, MACD histogram & signal line aligned lower, falling after break of 0 line earlier. Stochs up from OS zone and rising again. H1 ATR 0.1325, Daily ATR 0.6000. Open / Comment