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2021-02-03 12:32:48 The major indexes climbed back toward recent highs as the better than expected revenue estimates from Alphabet and Amazon helped to bolster confidence, also helped by hopes of accelerated fiscal stimulus in the US. JPN225 gained 1% & ASX 0.9%, although Hang Seng and CSI 300 are currently both marginally lower after the PBOC drained some funds from the financial system. GER30 and UK100 futures are up 0.4% and 0.3% respectively.

Today: Focus mainly on fundamentals which will be a focal point near term with ADP & ISM services reports today, the jobs report Friday. Also Eurozone inflation data & final readings for Eurozone and UK Services PMIs meanwhile will act as a reminder that for now virus restrictions continue to weigh on overall activity and keep Europe on track for a recession over Q4/Q1.

Biggest Mover NZDJPY (+0.41% as of 08:00 GMT) - The asset rallied after New Zealand approved its first Covid-19 vaccine but also on the better than expected Q4 2020 Unemployment rate of 4.9% (vs. expected 5.6%). Open / Comment

2021-02-02 12:04:02 Stock markets moved broadly higher after a positive close on Wall Street yesterday. Concern over volatility in retail trading has started to recede and stimulus hopes and vaccine progress are keeping sentiment underpinned. Tech stocks outperformed ahead of earnings from the likes of Amazon and Alphabet today. GER30 and UK100 futures are currently up 0.4% and 0.6% respectively. US futures are also higher, with the tech-heavy USA100 outperforming. JPN225 closed with a gain of 0.97%. The 10-year Treasury yield is up 0.3 bp at 1.08%, while Australian 10-year rates climbed 0.5 bp even as the RBA announced an extension of asset purchases worth an additional AUD 100 bln. The Dollar was on bid overall on Monday, with a new month reportedly seeing USD inflows, despite the general risk-on conditions seen which typically weigh on USD. Silver in retreat, fell by 4% back below $28 after CME raised its margin on silver futures, which is arguably a significant factor in driving prices lower today.

#HotForex #HFAnalysis Open / Comment

2021-02-01 16:40:48 Earnings Season this week includes two of the world's biggest companies, #Amazon & #Alphabet, along with many more!

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2021-02-01 11:47:35 Risk appetite improved over the weekend and Asian markets moved broadly higher overnight, despite weakness in China and Japan manufacturing PMIs. European futures suggest a solid start for equities after both bonds and stock markets declined at the end of last week. There were also signs that the cash crunch in China is easing, which helped to underpin sentiment. The GER30 and UK100 futures are up 0.75% and 0.2% respectively, alongside gains of around 0.4% in US futures. XAGUSD rallied for a third straight session, soaring as much as 7.4% to a near 6-month peak, after social media posts last week called for retail investors to flood into the market. This morning: Unprecedented demand but lack of offers?
Biggest Mover USDMXN (-1.12% as of 07:55 GMT).

Today: Focus mainly on final manufacturing PMI readings for the UK, the Eurozone, which suggest ongoing but slowed expansion across the sector. US President Biden will meet with 10 Republican senators to discuss COVID-19. ISM Manufacturing PMIs on tap as well. Open / Comment

2021-01-29 16:24:25 Our extensive video library means you can learn more about top trading topics at any time!

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2021-01-29 11:55:38 Stocks recover, (the Reddit quartet lose 50-35%) but futures and Asian markets down (worst week in 3 – Nikkei lost 1.89% and 3.8% this week) as restrictions imposed by Robinhood to be eased today and there is a lack of liquidity in China. US GDP in line with expectations but US economy had its worst year since WWII, Claims were better but still 840K (normal econ cycle 200K) – Vaccine production and rollout delays (partic in EU) adding to nerves. Positive news – NOVAVAX -90% efficacy in UK trial but in SA trial it dropped to 49% (60% on non-HIV patients). Oil & Gold remain flat. Mastercard, Visa & Comcast beat earnings expectations, McDonald's missed but offered positive outlook.

Today - German jobs report, US PCE, personal consumption, Canadian GDP, Chicago PMI, Uni. of Michigan (final), ECB's de Guindos, Fed's Kaplan, Daly - Earnings from Chevron, Caterpillar, Honeywell, SAP, Siemens, Ericsson, BBVA.

Biggest (FX) Mover @ (07:30 GMT) USDJPY (+0.30%) rallied from open and support at 104.25 (PP).

#HotForex Open / Comment

2021-01-28 16:39:16 Trade bonds issued by the world’s leading economies including UK and US government bonds!

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#HotForex #trading #investment #bonds Open / Comment

2021-01-28 11:56:55 USD gets safe haven lift, AUD & NZD hit. Hedge Funds squeezed, stimulus stalled? and vaccine rollout questions. FED - No change to rates & $120 bln/month in QE, the mantra remains until "substantial further progress has been made toward the Committee's maximum employment and price stability goals." Durable Goods missed earlier in the day. Earnings from the tech players all exceed expectations (APPLE (-0.77% $100bln+ in revenues and record iPhone sales) FB recorded revenues but closed down -3.5% "significant uncertainty" ahead. TESLA (-2% missed expectations, but talked up deliveries and a new van. Asian markets closed down -1.53%. The VIX closed over its 200-day moving average for the first time since November 4.Today – German CPI, US GDP (Q4), PCE, Weekly Claims, ECB's Schnabel. EARNINGS - Comcast, American Airlines, Visa, Southwest Airlines, McDonalds, Mastercard, STMicroelectronics

Biggest (FX) Mover @ (07:30 GMT) AUDUSD (-0.60%) Rejected 0.7750 yesterday breached 20 & 200HR MA early PM.

#HotForex Open / Comment

2021-01-27 18:25:26 Global stock markets have traded mixed so far, as concerns over virus mutations and speculation of a possible delay in US stimulus support an overall more cautious tone. #USD remains steadied, same as #USOIL and #Gold as the markets focus closely on the FOMC and its aftermaths and earnings releases.

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#HotForex #MarketMonitor #forex #investment Open / Comment

2021-01-27 11:29:06 Asian markets also flat. US Consumer Confidence much better than expected. Overnight, AUD CPI improved, JPY data flat and German Consumer Confidence dropped significantly (-15.6 from -7.5). Vaccine rollout continues apace in the UK but the virus death toll passed 100,000 yesterday and unemployment hit a new record. Trump impeachment likely to fail as only 5 of the required 17 Senate Republicans agree it should proceed.

Today – US Durable Goods, DoEs, FOMC rate decision & Fed Chair Powell press conference, NZ trade, ECB's Hakkarainen, Lane, Earnings from Apple, AT&T, Facebook, Boeing, Tesla, Blackstone.

Biggest (FX) Mover @ (07:30 GMT) GBPCAD (+0.28%) Rallied from open today following break of 20hr MA yesterday. Support now PP 1.7435 and testing R1 at 1.7490. Fast MAs aligned and trending higher, RSI 70 rising & testing OB zone, MACD histogram & signal line aligned higher and significantly north of 0 line. MFI in OB zone from earlier. H1 ATR 0.0012, Daily ATR 0.0103.

#HotForex #HFAnalysis #forex #trading Open / Comment