Forex Trading Expert Advisors (EA or automated trading system) and Custom Indicators (CI) for MetaTrader Platform.

Date : 26th July 2022.

Market Update – July 26 – On Hold Ahead of FED, Oil Rallies.


Trading Leveraged Products is risky

USDIndex ticked lower again but held over 106.00, ahead of the FOMC decision tomorrow. FX markets subdued with a 75 bp hike fully priced in, however uncertainty weighs over guidance. Russia will cut gas supplies to Europe from tomorrow. US Stocks rallied into close after a weak day (NASDAQ -0.43%), Walmart fell -9% (after hours) following profit warning, Newmont missed earnings -13%. AMZN raised prices for Amazon Prime. Alibaba cut back global expansion plans. Asian markets mixed (Hang Seng +1.76%, Nikkei -0.23%). European FUTS lower too. Yields bounced to close up +1.67%. Oil rallied $5/barrel to $98.00 after Russian announcement. Gold remains under $1725 and BTC under $22k. Biden talked down a “recession” and called for more investment from Oil companies.

Week Ahead – FED Rate Decision, US GDP and Earnings Season sees the technology giants (APPL, AMZN & META) plus many more companies all reporting Q2 data.

Week Ahead – FED Rate Decision, US GDP and Earnings Season sees the technology giants (APPL, AMZN, MSFT, GOOGL & META) plus many more companies all reporting Q2 data.

* USDIndex up, support at 106.20 holds, & trades at 106.30 – the Dallas & Chicago Fed indexes both slumped and remained in negative territory, another sign of recession.
* Equities – USA500 closed +5.12 pts (0.13%) (3966), US500FUTS at 3958 now. 4th 8%+ rally of the year, previous 3 have resulted in lower lows…
* Yields 10-year yield recovered to close at 2.8%, trades lower again at 2.79% now.
* Oil – in–focus following tight supply and the announcement from Russia rallied over 5% from $93.
* Gold had a volatile session from $1736 to $1714 to settle at $1724 once again.
* Bitcoin sank from $21.8K yesterday down to $21k now.
* FX Markets – EURUSD remains pressured but rotates at 1.0225, USDJPY down to test 136.00 yesterday; now 136.70. Cable breached the key 1.2000 last week, trades at 1.1990 now.

Overnight – JPY CPI & PPI – firmer & in-line at 1.6% & 2.0% respectively.

Today: US Monthly Home Prices, US Consumer Confidence, US Richmond Fed, IMF Short-term Forecasts, EU’s Energy Summit. Earnings from MSFT, GOOGL, Coca-Cola McDonald’s, UBS (missed), 3M, UPS, GE, Visa.



Biggest FX Mover @ (06:30 GMT) Copper (+2.37%). Rallied from 3.2460 lows last week to 3.4370 now, next resistance 3.4687 (20-day MA). MAs aligned higher, MACD histogram positive & rising, RSI 73 & OB zone, H1 ATR 0.0172, Daily ATR 0.1246.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 27th July 2022.

Market Update – July 27 – Big Tech lifts the mood on Fed Day.


Trading Leveraged Products is risky

USDIndex ticked up to 107.00, as EUR slipped over 1% before recovering following the Russian announcement of further cuts to European gas supplies. FX markets subdued ahead of FED later today. US Stocks declined (NASDAQ -1.87%), Walmart -7.6% (profits warning) Coinbase -21% AMZN -5.23% Shopify -14%. However, after hours GOOGL & MSFT were up 5% & 4% after Earnings. Unilever, Coke & McDonald’s all warned of higher prices. Asian markets mixed (Hang Seng -1.2%, Nikkei +0.23%). European FUTS higher. Yields up again +0.56%, but 2/10yr curve remains inverted. Oil holds $95, Gold slipped to lower and BTC holds under $22k.

* USDIndex up, to resistance at 107.00 – holds at 106.80.
* Equities – USA500 closed -45.79 pts (-1.15%) (3921), US500FUTS at 3957 now. 4th 8%+ rally of the year, previous 3 have resulted in lower lows..is the bottom in or is it a dead cat bounce?
* Yields 10-year yield recovered to close at 2.787%, trades higher again at 2.8068% now.
* Oil – in–focus rallied to $98 on news from Russia, since declined to $95.
* Gold had another weak session – $1727 to $1714, now up to $1718.
* Bitcoin sank again to trade at $21.1K now.
* FX Markets – EURUSD remains pressured came within 7 pips of 1.0100 and trades at 1.0225, USDJPY tests to 137.00 now. Cable holds over the key 1.2000, capped at 1.2080.

Overnight – AUD CPI in-line (21-yr high) at 1.8% & German GfK missed -30.6 vs -27.7.

Today: US Durable Goods, FOMC announcement and Chair Powell’s press conference Earnings from Airbus, BASF, Deutsche Bank, Equinor, BATS, GSK, Lloyds, Rio Tinto, Credit Suisse, Meta, T-Mobile, Boeing.



Biggest FX Mover @ (06:30 GMT) AUDCAD (-0.30%). Rejected 0.8950 again earlier and tested to 0.8900 a key support. MAs aligned lower, MACD histogram negative & falling, RSI 38 & falling, H1 ATR 0.00127, Daily ATR 0.00697.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 28th July 2022.

Market Update – July 28 – Stocks & Treasuries rally, USD dives post FOMC.


Trading Leveraged Products is risky

USDIndex tanked over a whole big number to 106.00, from 107.25 as the FED raised interest rates 75bp (its 4th rise in 2022). Ongoing rises will be “appropriate” and “highly attentive” to inflation. However, Powell gave no notice as to whether 50bp or 75bp in September was appropriate*. US Stocks rallied hard** (NASDAQ +4.06%), betting on 50bp. NVDA+7.60%, AMZN+5.37%, TSLA+6.17%. However, after hours Meta +6.55% posted a 1% DECLINE in Revenue (the first in its history), shares dropped -4.65%. Asian markets mixed (1 million in Wuhan in lockdown again) (Hang Seng -0.35%, Nikkei +0.23%). European FUTS higher. Yields up again +1.78%, Oil rallied to $98, Gold higher at $1740 and BTC moved up to $23k.

Biden & Xi due to speak today, Manchin (Dem. Senator holding up Biden’s climate Bill) backs down. PBOC to pump $148bn to stabilize real estate sector.




* USDIndex weakens further to 105.92 now. YEN outperforms in Asian session.
* Equities – USA500 closed higher +102.56 pts (+2.62%) (4023), US500FUTS at 34019 now. 4th 8%+ rally of the year, previous 3 have resulted in lower lows..is the bottom in or is it a dead cat bounce?
* Yields 10-year yield dived into close to 2.734%, recovered to 2.78% now.
* Oil – in–focus again as inventories had a 4.5m drawdown vs 1.5m, rallied to $98.90.
* Gold – weaker USD helped lift the precious metal to $1740 highs currently from $1711 lows yesterday.
* Bitcoin also rallied to trade at $23.1K now.
* FX Markets – EURUSD rallied from within 7 pips of 1.0100 yesterday to trade at 1.0227, USDJPY dived under 135.30 now, from 137.50 yesterday. Cable broke resistance at 1.2080 to trade to 1.2180 now.

Overnight – NZD Business Confidence improves (-56.7 vs -62.6) AUD Import Prices slip and Retail Sales miss significantly (0.2% vs 0.9%).

Today: German CPIs, US Q2 GDP (Advance), Q2 PCE. Earnings from Barclays, Anglo American, Nestle, EDF, L’Oréal, Amazon, Apple, Intel, and many more.



Biggest FX Mover @ (06:30 GMT) USDJPY (-0.87%). Rejected 137.50 yesterday and tested to 135.15 lows earlier. MAs aligned lower, MACD histogram negative & falling, RSI 31.55 & falling, H1 ATR 0.361, Daily ATR 1.225.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 29th July 2022.

Market Update – July 29 – Stocks up, USD lower on final trading day of the month.


Trading Leveraged Products is risky

USDIndex sinks again tanked to 105.75, from 106.80. The US is in a technical recession (2 consecutive quarters of contraction) after Q2 GDP -0.9% & (Q1 -1.6%), and GDP Inflation rose to 8.7% from 8.0%) but Unemployment remains very low and job creation (Claims fell to 256K from 261k) and wage growth are strong. US Stocks rallied another 1%+ on expectations of slower rate hikes. AMZN +1.08% & APPL+0.36%, both beat Earnings after hours, shares were up 3% & 12%, respectively. Meta -5.2% & QCOM -4.54%. Asian markets mixed (Hang Seng -2.02%, Nikkei -0.03%). European FUTS higher. Yields continue to see-saw, today -1.94%, Oil under $97, Gold breached $1760 and BTC moved up to $24k.

Biden & Xi meeting skirted Taiwan talk, Ukrainian forces plan counterattacks in the South, Russia shells Kiev.

* USDIndex weakens further to 105.45 now. YEN outperforms again in Asian session.
* Equities – USA500 closed higher +48.8 pts (+1.21%) (4072), US500FUTS at 4105 now. Bears being squeezed, 10 days north of 20-day MA. 4175 next key resistance
* Yields 10-year yield dived into close 2.681%, down again to 2.67% now.
* Oil – peaked at $99.80 yesterday down to test $96.00 before recovering to $97.00 now.
* Gold – breached & broke key 20-day MA ($1745) and $1750. Trades at $1765 now.
* Bitcoin also rallied on weaker USD to trade at $24.1K now.
* FX Markets – EURUSD rallied to test 1.0250 on EZ news, USDJPY dived 1% under 133.00 to 132.75. Cable broke 1.2200 and trades at 1.2225.

Overnight – JPY Tokyo Inflation hotter, Retail Sales, Housing Starts & Consumer Confidence weaker, AUD PPI inline, French GDP better, German Import Prices in line.

Today: German Flash GDP & Unemployment, EZ Flash CPI and Flash Q2 GDP, US Jun PCE, US Chicago PMI, Canadian GDP.



Biggest FX Mover @ (06:30 GMT) USDJPY (-1.13%). Breached key technical level at 133.00 today and tests 132.50. MAs aligned lower, MACD histogram negative & falling, RSI 19.77, OS & falling, H1 ATR 0.365, Daily ATR 1.230.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 1st August 2022.

Market Update – August 1.


Trading Leveraged Products is risky

1st day of the month – Fears over slowing growth and expectations for moderation in Fed rate hikes overshadowed still hot inflation prints.

USDIndex sinks again to 105.50, while against the Yen it extended to 6-week lows, i.e. 131.96. US data out Friday showed stubbornly high inflation and wages growth. Corporate earnings have mostly beaten lowered forecasts. The China PMI reports missed miserably and flagged risks to the overall outlook as the country’s zero-Covid policy continues to bite. Hong Kong’s benchmark underperformed and lost -0.2%. US Stocks are steady. Nikkei and ASX gained 0.6% and 0.7%, GER40 and UK100 futures are narrowly mixed in opening trade.

Overnight: China’s property developers in focus and Alibaba still weighed down after the US included the company in the delisting watchlist. Evergrande failed to deliver a restructuring plan; Alibaba added to SEC List of Chinese Firms Facing Delisting, along with another 200 companies. German Retail Sales plunged -1.6% m/m in June – flags ongoing cost pressures that coupled with the threat of energy rationing means recession risks are palpable now. HSBC posted a higher profitability target and bullish dividends outlook.

* USDIndex weakens & YEN outperforms.
* Equities – USA500 closed higher +48.8 pts (+1.21%) (4072), US500FUTS at 4105 now. Fed’s Kashkari affirmed the bank’s commitment to bring inflation down, which acted as a reminder that the Fed will continue to hike rates, even if the path of the tightening cycle may not be quite as aggressive as markets had feared at one point.
* Yields 10-year Treasury rate lifted 1.6 bp to 2.665 (after sliding to the lowest since early April at 2.618% at the end of last week).
* Oil – drifted back to 97.60, as OPEC+ meeting on Thursday and is expected to produce an increase in supply, even if only minor.
* Gold – steady at 2-week highs at $1764.
* Bitcoin at 23,170.
* FX Markets – Yen remains the main beneficiary of the correction in haven flows into the USD and USDJPY slipped to 131.96. The USDCHF also caught a bid, i.e. 0.9500 and Sterling rose against both USD and EUR – with GBPUSD now at 1.2196, while EURUSD is lingering at 1.0240.

Today – UK, Australian central banks expected to hike this week, while it is NFP week as well.



Biggest FX Mover @ (06:30 GMT) USDJPY (-0.79%). Broke 132.00 low. 1Hour-MAs flattened, but MACD histogram negative & falling, RSI sideways 34.50. H1 ATR 0.305, Daily ATR 1.354.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 2nd August 2022.

Market Update – August 2 – Pelosi Taiwan Visit Saps Sentiment.


Trading Leveraged Products is risky

USDIndex sinks again to 105.00, dragged lower by falling Yields (10yr -2.88% to 2.54%). US Stocks lower following record July. HSBC +6.5% Boeing +5.96% Pearson +12.66% BBBY +14.77%. Asian markets pressured lower by Pelosi’s proposed visit to Taiwan and China promising “countermeasures” including “military actions”. (Hang Seng -2.68%, Nikkei -1.44%). European FUTS also lower. (-0.6%). Oil tanks under $93, Gold spiked to $1780 and BTC down under $23k.

RBA raised rates 50bp, as expected, (3rd consecutive month & fastest rate hike cycle since 1994) – BUT cooled forward guidance – will raise rates in months ahead, but “not on a pre-set path” #AUDUSD falls from 0.7030, to 0.6950, #AUDJPY -1.66%.

Biden announces US have killed head of Al-Qaeda, Zawahiri in Kabul drone strike.

* USDIndex weakens further to test under 105.00 now. YEN & CHF outperform again in Asian session.
* Equities – USA500 closed lower -11.66pts (-0.28%) (4118), US500FUTS at 4100 now. 4175 remains next key resistance
* Yields 10-year yield dived into close 2.60%, down again to 2.54% now.
* Oil – tanked to $93.00 from $101.80 highs on Friday.
* Gold – spiked to $1780 before cooling to $1773 now. Support at $1770 & $1766.
* Bitcoin also weaker trades at $22.8K now, from as high as $24.4K.
* FX Markets – EURUSD rallied to test 1.0300 zone, USDJPY dived under 131.00 to 130.40 lows. Cable holds over 1.2200 and tests key 1.2260 resistance area.

Today – AUD Building Approvals better than expected (-0.7% vs. -5.3%), Commodity prices lower (14.1% vs. 24.3%) UK House inflation a tick lower at 0.1% m/m.

Today – Canadian Manufacturing PMI, New Zealand Unemployment, US JOLTS Report, Speeches from Fed’s Bullard, Evans & Mester. Earnings BP (out – EPS exceed by +26%, profits a monster £6.95bn), CAT, UBER, AirBnB, AMD, PayPal, Starbucks, Gilead, Marriott.



Biggest FX Mover @ (06:30 GMT) AUDJPY (-1.66%). Dovish RBA and Taiwan tensions hit the key most risk sensitive pair. Collapses from 92.500 to 90.75 lows. MAs aligned lower, MACD histogram negative & falling, RSI 22.5, OS & falling, H1 ATR 0.294, Daily ATR 1.198.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 3rd August 2022.

Market Update – August 3 – Market “Pushed and Pulled”.


Trading Leveraged Products is risky

The market was pushed and pulled by geopolitical risks and uncertainties, earnings ups and downs, Fed tightening angst and recession risks.

USDIndex bounced to 106.38 currently steady at 106, Yields spiked sharply higher with selling persisting into the close (10yr 2.746% having challenged 2.51% overnight) dragged by hawkish Fedspeak and the safe arrival of Pelosi. The safe-haven Yen continued its slide. US Stocks ended in the red. Asian markets mixed as China has its warheads trained on Taiwan but on the flipside markets are trying to weigh growth risks and the Fed outlook (Hang Seng & Nikkei 0.5%, CSI 300 -0.2%). European FUTS also lower (-0.6%). Oil at $94, Gold holds over $1750 and BTC down under $23k.

Fed’s Mester said below trend growth is not a bad outcome, and it is necessary to get inflation under control. Fed President Daly said the FOMC is likely to raise rates and keep them high for a while, in her comments in a LinkedIn interview – ‘Nowhere Near’ Finished With Inflation Fight.

Data: A surprisingly strong bounce in German exports left the German trade balance with a solid surplus. China Services PMI readings also looked pretty strong – acceleration in activity. Swiss CPI inflation held steady at 3.4% y/y.

* USDIndex managed to climb back over 106.000 but it was weaker overnight, holding the 105.000 handle for a third straight day. YEN has given up some of its haven bid & EUR and GBP have also slumped.
* Equities – USA30 tumbled -1.23% (32.4K), USA500 off -0.67% (4.1K) and USA100 -0.16% lower (below 13K).
* Yields 10-year has already corrected -3.5 bp at 2.71% today and the 10-year Bund yield is down -1.8 bp at 0.79%.
* Oil – steady at $94.00 from $96.30 ahead of the OPEC+. It is likely to keep output unchanged in September, or raise it slightly.
* Gold – rose in the morning to $1768 after a sharp decline yesterday.
* Bitcoin directionless, at 22.98K.
* FX Markets – EURUSD dip to 1.0155 zone, USDJPY is at 133.18, as haven flows into the Yen have receded. Cable turns below 1.2200 again.

Today – OPEC+ meeting, EU Retail Sales and US ISM Services. Earnings: CVS Health, Booking Holdings, Moderna, Regeneron etc.



Biggest FX Mover @ (06:30 GMT) USDZAR (-0.70%) posted an evening start pattern this morning at 16.70. MAs flattened, MACD lines held negative , RSI 53, OS & falling, H4 ATR 0.12128, Daily ATR 0.26199.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 4th August 2022.

Market Update – August 4 – BOE Day!


Trading Leveraged Products is risky

USDIndex firmed to 106.82 on Fed outlook and solid data before sliding to 106.38 at the close. Yields spiked on top of the heavy losses Tuesday (10yr 2.51%), then slipped again on strong factory orders data, with an eye on Friday’s NFP which will partly determine the magnitude of Fed tightening (10yr 2.7191%). US Stocks supported by good earnings news, and gains accelerated after solid data, shrugging off the jump in bond yields as the Fed funds futures market repriced for a 50-50 potential for a 75 bp September rate hike. European FUTS also higher. Oil dipped to $90.35 after OPEC+ disappointed and agreed to a “very small increase” in September output of 100k barrels per day – the smallest output increase in its history. Gold holds at $1770. Today – BOE expected to hike by 50 bp but stresses data dependency of further tightening moves.

Overnight: US ISM-NMI services index rise to 56.7 from a 2-year low, US factory orders beat estimates climbed 2.0%. The rise joins big declines for the ISM, Chicago PMI, Dallas Fed and Philly Fed, but gains for the Richmond Fed and Empire State, to leave an 8-month producer sentiment pull-back from robust November peaks. Surging interest rates and a flattening in real household spending as prices rise are aggravating the downtrend, though sentiment also faces support as businesses continue to restock.

* USDIndex is holding above 106 at currently 106.30.
* Equities – USA30 rose 1.29% (32.74K), USA500 rallied to 1.59% (4.15K) and USA100 surged 2.59%.
* Yields 10-year lifted 2.5 bp to 2.73% and rates are also higher in Japan and Australia. The 10-year Bund yield is down -0.5 bp at 0.863% though after another contraction in German manufacturing orders flagged recession risks for the region.
* Oil – dips to at $90.35. OPEC+ dissapointed and agreed to a “very small increase” in September output of 100k barrels per day – the smallest ouput increase in its history.
* Gold – supprted by pullback in yields at $1770.
* FX Markets – EURUSD dip to looks weak at 1.0163 and Cable is at 1.2147. USDJPY has lifted to 134.20 as recent haven flows into the yen recede. AUD and NZD regained some ground as global risk sentiment improved a little and a record Australian trade surplus underlined the natural inflows supporting the currency.

Today – The BoE expected to hike by 50 bp but with a stress on the data dependency of further tightening moves. Front loading the tightening cycle also may also make sense in light of the leadership contest, with Liz Truss, the favorite to succeed Johnson mulling a shake up of the BoE. Investors are also waiting for details on the BoE’s plans for gilt sales. Governor Bailey previously indicated that the balance sheet will shrink at a pace of GBP 50-100 bln in the first year – including redemptions.



Biggest FX Mover @ (06:30 GMT) NZDJPY (+0.99%) reverted week’s losses and currently at 84.47. MAs aligned higher, MACD lines rising, RSI 76. H1 ATR 0.202, Daily ATR 0.993.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 8th August 2022.

Market Update – August 8 – USD holds post NFP bid.


Trading Leveraged Products is risky

USDIndex held onto NFP inspired bid trades at 106.40, from 106.80. NFP big beat across the board; headline more than double expectations at 528K, June revised 26K higher, Unemployment fell (3.5%) and Earnings rose (5.2%) = pressure back on Fed for 75bp hike in Sept. Recession – what Recession? US Stocks slipped led by tech. TSLA –6.6% (3-1 stock split 25/8), TWTR +3.56%, META –2.00%, LYFT +16.8% ($1bn profit expected 2024), AMZN -1.2% (to buy iRobot $1.7bn) Asian markets mixed (Hang Seng -1.02%, Nikkei +0.29%). European FUTS also mixed. Yields rallied (10yr 2.8287%) Oil under $90, Gold under $1770 and BTC moved up to $23.5k.

Berkshire Hathaway posted $43.8 bn loss on stock market declines. MUSK wants TWTR deal to go ahead if they can prove the % of real accounts, wants public debate with TWTR CEO. FED’s Bowman expects “more 75bp hikes”. CFTC Net Longs in USD reduced last week. Chinese exports hit record 5- mth high Trade balance back over $101 bn. Biden gets his $430bn Climate, Healthcare & Tax Bill through the Senate, China continues exercises around Taiwan for 5th day.

Week Ahead: Highlight will be US CPI on Wednesday which is expected to decline to 0.2% m/m and 8.7% y/y.

* USDIndex rallied to 106.80 post NFP holds at 106.45 now. YEN underperformed in Asian session.
* Equities – USA500 closed lower -6.75 pts (+-0.16%) (4145), US500FUTS at 4150 now. 4175 key resistance remains. S&P500 gained +0.4% for the week, NASDAQ +2.2%.
* Yields 10-year yield rallied into close. The 2/10yr. yield curve is now 40bp inverted. 30yr back over 3.00%.
* Oil – declined to $86.96 Friday back to $89.60 now and remains under $90.00.
* Gold – topped at $1794 (50 day MA) in early Friday trades before tanking to under $1770. Trades at $1775 now, 20-day MA $1757.
* Bitcoin dipped to $22.7K Friday, before strong weekend rally, trades at $23.7k now.
* FX Markets – EURUSD down to 1.0177, USDJPY rallied 1.57% on Friday – trades at 135.50 now. Cable tested to important 1.2000 zone on Friday – recovered to 1.2080 now.

Overnight – JPY Bank Lending better than expected, but Econ. Sentiment sank to 43.8 from 52.9. NZD Inflation Expectations slipped to 3.07% from 3.29% & CHF Unemployment in-line at 2.2%.

Today – JPY Bank Lending better than expected, but Econ. Sentiment sank to 43.8 from 52.9. NZD Inflation Expectations slipped to 3.07% from 3.29% & CHF Unemployment in-line at 2.2%.



Biggest FX Mover @ (06:30 GMT) AUDJPY (+0.68%). Bounced from 92.50 support on Friday to test key resistance and 7-day high today at 94.00. MAs aligned higher, MACD histogram positive and signal line rising, RSI 69.44 rising & testing OB, H1 ATR 0.192, Daily ATR 1.218.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 9th August 2022.

Market Update – August 9 – USD & Stocks Dip.


Trading Leveraged Products is risky

USDIndex slipped to test 106.00, before recovering to 106.20. US Stocks opened positively but closed flat for the day. NVDA –6.3%, Novavax -5.01%, AMC +8.03%, GM +4.16%. Asian markets mixed (Hang Seng flat, Nikkei -0.88%). European FUTS also mixed. Yields fell into close (10yr 2.7657%), Oil bounces close to 2% to recoup the $90 handle, Gold rallied over 1% from $1770 support and BTC moved up to test key $24K area.

China continues exercises around Taiwan for 6th day, Russia installs more troops around captured key Ukrainian nuclear power plant, as US promises Ukraine another $1 billion in military aid.

Week Ahead: Highlight of the week is US CPI tomorrow which is expected to decline to 0.2% m/m and 8.7% y/y.

* USDIndex tested down to 106.00 after blockbuster NFP on Friday and holds 106.20 now. AUD & NZD underperformed in Asian session.
* Equities – USA500 closed flat -5.13pts (-0.12%) (4140), tested & rejected 4175 resistance intraday. US500FUTS at 4144 now. 100 MA at 4100.
* Yields 10-year yield fell into close as Treasuries eased with USD. The 2/10yr. yield curve moved as much as 44bp inverted yesterday. 10yr closed 2.765%, trades at 2.76% now.
* Oil – rallied from 6-month lows under $87.00 again to test last weeks support at $90.70, holds at $90.00.
* Gold – rallied from $1770, support to $1788 highs now. 20-day MA $1757.
* Bitcoin surged to $24.2K Monday, before trading at $23.7k now.
* FX Markets – EURUSD back over 1.02000, USDJPY rejected 135.50 Monday back to 135.00 now. Cable tested up to 1.2130 back to 1.2080 support now.

Overnight - Highlight of the week is US CPI tomorrow which is expected to decline to 0.2% m/m and 8.7% y/y.

Today – EIA STEO, Supply from UK, Germany & US.



Biggest FX Mover @ (06:30 GMT) EURAUD (+0.36%). Bounced from 1.4580 support on Monday after declining from 1.4775 highs on Friday. MAs aligning higher, MACD histogram negative but signal line rising, RSI 53.62 & rising, H1 ATR 0.00161, Daily ATR 0.0134.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 10th August 2022.

Market Update – August 10 – Dollar, Stocks & Yields Consolidate Ahead of CPI.


Trading Leveraged Products is risky

USDIndex slipped under 106.00, yesterday before again recovering to 106.20. US Stocks traded lower all day – dragged down by Semiconductors (NASDAQ -1.19%). MUSK to sell another $6.9 bn worth of TSLA stock (-2.44%). Intel -2.43%, NVDA -3.97%, Roblox -3.17%, OXY +3.95%. Asian markets lower too (Hang Seng -2.45%, Nikkei -0.68%). European FUTS also lower. Yields rose into close +1.16% (10yr 2.797%), Oil has declined back under the $90 handle, Gold sank to $1788 support and BTC has moved back $22.7K area.

Biden announces a $280bn investment in high tech to compete with China; China maintains drills and firing around Taiwan.

* USDIndex tested down to 105.80 but has recovered the 106.00-20 range today ahead of US CPI later. AUD underperformed in Asian session.
* Equities – USA500 closed down -17.59pts (-0.42%) (4122), US500FUTS at 4118 now. 100 MA at 4100.
* Yields 10-year yield rose into close as USD recovered. The 2/10yr. yield curve moved as much as 45bp inverted yesterday. 10yr trades down -0.25% at 2.79% now.
* Oil – rallied to test 200-hr MA at $92.60 before declining to $89.60 now.
* Gold – rallied & spiked to $1800 resistance before declining back to support at $1788 again. 20-day MA now $1761.
* Bitcoin’s surge to $24.2K Monday; declined further today to $22.6 earlier, back to test $23k now.
* FX Markets – EURUSD holds over 1.02000, at 1.0210, USDJPY continues to pivots around 135.00 and Cable does the same around 1.2080, in thin August markets.

Overnight - JPY PPI missed (8.6% vs 9.4%), China CPI & PPI both weaker too (2.7% vs 2.9% & 4.2% vs 6.1%) respectively. German CPI (Final) in line 0.9% m/m & 8.5% y/y.

Today – US CPI, Speeches from BoE’s Pill, Fed’s Evans & Kashkari. Earnings from Disney, Honda, Fox, Aviva, Evonik & E.ON.



Biggest FX Mover @ (06:30 GMT) EURAUD (+0.29%). Continued its bounce from 1.4580 support on Monday after declining from 1.4775 highs on Friday. Testing 1.4700 zone now. MAs aligning higher, MACD histogram now positive & signal line rising, RSI 61.83 & rising, H1 ATR 0.00148, Daily ATR 0.0132.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 11th August 2022.

Market Update – August 11 – USD & Yields tank, Stocks rally as US CPI cools.


Trading Leveraged Products is risky

USDIndex tanked to 104.50 from 106.20, before recovering, Yields & the VIX dropped to 4 mth lows and Stocks rallied (NASDAQ +2.89%, now +20% from June lows). Cooler US CPI was the catalyst and expectations the FED is less likely to have to raise rates by 75 bp in September. Asian markets followed through too, (Hang Seng +2.08%, Nikkei closed). European FUTS also higher. Oil pushed up to the $92 handle, Gold sank to $1786 and BTC moved higher again to breach $24K area.

Fedspeak – voiced caution – Kashkari now a BIG HAWK talked of being “far, far away from declaring victory over inflation” and wants at least another 140 bp this year and sees rates topping at 4.4% in 2023, Evans (centrist sees rates at 3.4% by December and Daly “not anywhere near done with inflation battle”. Cleveland Fed – “inflationary pressures remain broad based”.

* USDIndex plunged -1.6% as broad based USD selling took hold. More hawkish Fed comments helped lift the index to 105.20 now. AUD underperformed in Asian session.
* Equities – USA500 closed up 87.77pts (+2.13%) (4210), US500FUTS at 4227 now. DIS Big beat, Disney+ bigger than NETFLIX! & will raise prices from December – Shares up 3.98% on Wednesday & 6.85% after hours. Big tech all closed up 2%+.
* Yields 10-year yield sank but recovered to 2.78% at close. The 2/10yr. yield curve also remained firmly inverted at 43.8 bp.
* Oil – rallied to test 200-hr MA at $92.00, holds the zone now.
* Gold – rallied & spiked to $1800 resistance again before declining back under to support at $1788, 20-day MA now $1766.
* Bitcoin has surged to $24.5K now from $22.6k lows yesterday.
* FX Markets – EURUSD breached 1.0350 trades at 1.0300, USDJPY tanked from 135.00 pivot to 132.00 back to 132.70 now and Cable did the same rallying from 1.2080, pivot to 1.2260 resistance & back to 1.2215 now.

Today – US Weekly Claims & PPI, IEA OMR, OPEC MOMR, Banxico Policy Announcement.



Biggest FX Mover @ (06:30 GMT) NZDCHF (+0.51%). Recovery from spike lower yesterday continues, back to 0.6040 now from 0.5945. MAs aligning higher, MACD histogram now positive & signal line neutral, RSI 61.57 & rising, H1 ATR 0.00080, Daily ATR 0.00558.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 12th August 2022.

Market Update – August 12.


Trading Leveraged Products is risky

USDIndex lifted to 105 after dropping to a low of 104.50 after the early data, but is still heading for a weekly loss amid trimmed back expectations for the Fed’s tightening path. US Yields down, but the curve inverted further as the short end underperformed, Yields in Australia and to a lesser extent New Zealand backed up today. US Stocks closed mixed, while in Asia, Stocks in Japan rallied in catch up trade on their return from yesterday’s holiday, but elsewhere the picture looked patchy overnight. The ASX lost -0.5% and Hang Seng and CSI 300 are up 0.37% and down -0.06% respectively, after a narrowly mixed close on Wall Street. European and US futures are posting modest gains though. Oil pushed up to the $94 handle after the IEA upgraded its demand outlook yesterday, Gold sank to $1790 and BTC steady.

Fed’s Daly told Bloomberg yesterday that there is an improvement in inflation numbers, but repeated that its too early to declare victory over inflation, repeating that her base case is for a half-percentage point hike at the next meeting.

UK GDP contracted -0.1% q/q in the second quarter of the year, in line with our forecast and a tad less bleak than Bloomberg consensus, which predicted a contraction of -0.2% q/q. The -0.6% m/m decline in the monthly GDP number for June was sobering though and backed the BoE’s bleak outlook for the economy, which seems to be heading for a recession amid the cost of living crisis, the fallout from Brexit and political turmoil in Westminster.

* USDIndex dropped to a low of 104.50 after the early data, but bounced to 105.18 by the close 4%.
* Equities – USA100 off -0.58%, additionally hurt by the run up in rates. The USA500 was -0.07% lower, and the USA30 was 0.08% firmer.
* Yields 10-year rate closed 12 bps higher at 2.89%. The 30-year cheapened 14 bps to 3.165%. The 2-year was up 2 bps to 3.235%. The curve was less inverted at -35 bps versus -44 bps Wednesday.
* Oil – $93.90, Brent at $99.22 per barrel, after the IEA upgraded its demand outlook yesterday.
* Gold –has been capped and it saw a low of $1783.67, before backing up to now $1790.87, as Treasury yields nudged lower.
Bitcoin struggling to break 25K resistance.
* FX Markets – EURUSD down to 1.0300, USDJPY steady at 133.35 and Cable holds at 1.2170 floor.

Today – US Michigan Index.



Biggest FX Mover @ (06:30 GMT) NZDJPY (+0.70%) back to July’s highs at 86.00. MAs aligning higher, MACD lines extending higher, RSI 72.80 & rising, H1 ATR 0.167, Daily ATR 0.976. Key Resistance at 86.56.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 24th August 2022.

Market Update – August 24 – USD Holds at Highs, Stocks Slip, Oil Rallies.


Trading Leveraged Products is risky

* USDIndex – volatile day – new 20-yr highs at 109.20 declined to 108.00 after weak PMI & Housing Data before Kashkari “biggest fear is inflation will be more persistent”.
* EUR – Weighed by weak PMI & energy crisis and 3 day shutdown of Nord Stream 1, 3rd day under Parity (1.000) at 0.9940.
* JPY holds between 137.00 & 136.00
* GBP also weighed by weak PMI data, energy crisis, weak government & widening strike action.Trades at 1.1800
* Stocks US stocks flat into close. (S&P500 -9.26pts (-0.22%) 4128) – Biggest movers – Oil stocks +4-6%, TWTR -7.32%.
* Oil continued to rally, moved +4% Tuesday to $94.00 following Saudi “CUTTING production” comments.
* Gold – support at $1736 trades at $1745
* BTC – ranging between 21k & 21.5K.



Overnight – Asian equity markets fell for an eighth straight day. European FUTS also lower.

Today – US Durable Goods.





Biggest FX Mover @ (06:30 GMT) AUDJPY (-0.45%). Rejected 94.80 again yesterday and trades under 94.40 now. MAs aligning lower, MACD histogram negative & signal line falling, RSI 40.36 & falling, H1 ATR 0.153, Daily ATR 0.96.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 25th August 2022.

Market Update – August 25 – USD Slips, Stocks Gain – Jackson Hole Ahead.


Trading Leveraged Products is risky

* USDIndex – another volatile day – down from 109.00 declined to 108.20 after mixed Durable Goods & more Housing Data. – Jackson Hole in focus.
* EUR – Remains weighed by energy crisis and record high GAS prices. German GDP helps a lift back to 1.000, but in 4th day below this key level.
* JPY holds between 137.00 & 136.00 having failed to breach 137.00 yesterday.
* GBP also weighed by energy crisis & widening strike action.Trades at 1.1850 with 1.1800 now support.
* Stocks US stocks gained into close. (S&P500 +12.00pts (+0.3%) 4140) – Biggest movers – Peloton & BBBY (+20 & +18%) ; Revlon & Nordstrom (-11% & –20%). Nvidia -4.56% after hours following Earnings miss.
* Oil continued to rally, more chatter of OPEC+ production cuts, BP closing refineries due to fires and a big fall in inventories. Up 0.5% over $95 to $95.60.
* Gold – bounced from support at $1736 and $1745 and trades at $1758.
* BTC – over 21-21.5K range at 21.6k.



Overnight – Asian equity markets recovered after nine days lower, European FUTS also higher. NZD Retail Sales miss significantly (-2.3% vs. 1.7%), JPY SPPI misses (2.1% vs. 2.2%) German Final Q2 GDP a tick better at (0.1% vs. 0.0%).



Today – German Ifo, US GDP (2nd), PCE Prices Prelim, Jackson Hole Symposium, ECB, CBRT & Banxico Minutes.



Biggest FX Mover @ (06:30 GMT) AUDUSD (+0.88%). Rally from 0.6850 & 0.6900 support continues, trades at 0.6975 now.MAs aligning higher, MACD histogram positive & signal line rising, RSI 73.60 OB & rising, H1 ATR 0.00137, Daily ATR 0.00823.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 25th August 2022.

Market Update – August 25 – USD Slips, Stocks Gain – Jackson Hole Ahead.


Trading Leveraged Products is risky

* USDIndex – another volatile day – down from 109.00 declined to 108.20 after mixed Durable Goods & more Housing Data. – Jackson Hole in focus.
* EUR – Remains weighed by energy crisis and record high GAS prices. German GDP helps a lift back to 1.000, but in 4th day below this key level.
* JPY holds between 137.00 & 136.00 having failed to breach 137.00 yesterday.
* GBP also weighed by energy crisis & widening strike action.Trades at 1.1850 with 1.1800 now support.
* Stocks US stocks gained into close. (S&P500 +12.00pts (+0.3%) 4140) – Biggest movers – Peloton & BBBY (+20 & +18%) ; Revlon & Nordstrom (-11% & –20%). Nvidia -4.56% after hours following Earnings miss.
* Oil continued to rally, more chatter of OPEC+ production cuts, BP closing refineries due to fires and a big fall in inventories. Up 0.5% over $95 to $95.60.
* Gold – bounced from support at $1736 and $1745 and trades at $1758.
* BTC – over 21-21.5K range at 21.6k.



Overnight – Asian equity markets recovered after nine days lower, European FUTS also higher. NZD Retail Sales miss significantly (-2.3% vs. 1.7%), JPY SPPI misses (2.1% vs. 2.2%) German Final Q2 GDP a tick better at (0.1% vs. 0.0%).



Today – German Ifo, US GDP (2nd), PCE Prices Prelim, Jackson Hole Symposium, ECB, CBRT & Banxico Minutes.



Biggest FX Mover @ (06:30 GMT) AUDUSD (+0.88%). Rally from 0.6850 & 0.6900 support continues, trades at 0.6975 now.MAs aligning higher, MACD histogram positive & signal line rising, RSI 73.60 OB & rising, H1 ATR 0.00137, Daily ATR 0.00823.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 26th August 2022.

Market Update – August 26.


Trading Leveraged Products is risky

* USDIndex – back in demand ahead of Powell at Jackson Hole and as markets speculated on 100 bps in ECB hikes by October, though it recovered some to finish at 108.64.
* EUR – Remains under parity. German GfK consumer confidence plunged to -36.5, which could keep Euro underpinned.
* JPY has lifted to 137.00, GBP steady below 1.1800.
* AUD fell 0.4% below the psychological level of $0.7 & NZD fell 0.5%, giving up some of the strong gains in the previous day. The AUD has been performing better against the battered European currencies.
* Stocks: US stocks are in the red with concern over aggressive tightening and a rise in yields capping gains (USA100 rallied 0.41%, with the USA500 up 0.29%, and the USA30 0.18% higher). Nikkei and ASX are up 0.8% and 0.5% after a strong close on Wall Street. GER40 and UK100 futures have lifted 0.4% and 0.3% respectively.
* Oil slumped by about $2 a barrel on the possible return of sanctioned Iranian oil exports and on worries about the impact on fuel demand from rising USinterest rates. Down to $92.08.
* Gold – bounced from support at $1751.80 to $1758.70.



Today – US PCE, Michigan Consumer Sentiment, Jackson Hole Symposium and Fed Chair Powell Speech.



Biggest FX Mover @ (06:30 GMT) NZDUSD (–0.45%). Dropped to 0.6195 from 0.6250. MAs aligning lower, MACD histogram negative & signal line falling, RSI 36.74 & dropping, H1 ATR 0.00089.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 29th August 2022.

Daily Market update: 29 August 2022.


Trading Leveraged Products is risky

Dollar on the front foot on the back of hawkish Jackson Hole comments by FED chair Powell.

Dollar Index

The dollar index ended Friday’s trading session with some exuberance, closing at the 108.73 level following a sustained hawkish tone from FED chair Powell at the Jackson Hole Symposium. His message was consistent with the narrative that the FED isn’t quite done yet fighting off inflation and a possible recession. Which essentially means Americans are going to have to brace for more interest rate hikes and consequently slower growth in the economy and a weaker job market.



Technical Analysis:

In terms of market structure, last week saw the completion of the larger bullish continuation pattern (falling wedge) that found support from the 104.00 level and produced an impulsive wave that went on to revisit the 109.00 area last week. Considering current price action and how it is approaching the 20-year highs in the form of a smaller bullish continuation pattern (descending channel), it’s an increasing probability that price could continue beyond the 109.00 key level henceforth.

Stocks

On the back of the dollar strength, there was a selloff in US Stocks, with a 3% decline on the prospect of the FED remaining firm on a sustained period of further rate hikes.

*Dow: Reacted to the statements by plunging 3% (just over 1000 points) on the day.
*S&P 500: Reacted to the statements and fell by 3.4%.
*Nasdaq: Being heavily linked to the technology sector, the Nasdaq is particularly more sensitive to interest rate hikes and reacted by falling 3.9%.

Currencies

*Euro: EURUSD slipped back to below parity levels, closing the day at 0.99654.
*Pound: GBPUSD closed the day retesting the weekly low at 1.17391 after hitting a session high at 1.1900.

Commodities

*Gold: Remained pressured by Powell’s comments despite a momentary bounce earlier in the week, ending Friday’s session at the $1 738 mark.

*Oil: The black gold remained resilient last week, closing the week buoyed by verbal intervention from the Saudis concerning the possibility of cutting oil production. This potentially lends credence to the idea that the Saudis are unable to tolerate a price below $90 a barrel at the present moment.

Bitcoin

The leading cryptocurrency broke through the psychological $20 000 mark as bears largely drove the market last week, seeing a 20% decline in a week from a high of $25 211.

An interesting sidenote going into September is that Bitcoin has produced a bearish market environment in price for each of the past four months in the year. It’ll be interesting to see how it performs going into the new month and the last part of the year.

Today – Speeches from ECB’s Lane, Fed Vice Chair Brainard.

Economic Calendar



Biggest FX Mover @ (06:30 GMT) NASDAQ (-3.9%). Dropped to 12387$ from 13206$.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Ofentse Waisi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 30th August 2022.

Daily Market update: 30 August 2022.


Trading Leveraged Products is risky

Dollar pulls back off fresh 20-year highs as market prices in a more hawkish ECB.

Dollar Index

Monday’s London session proved to be a battleground won by the Dollar as it added to Friday’s gains, hitting levels last traded in September 2002. A Key driver in this exuberance is the ever-increasing probability of a 75-basis point rate hike as opposed to a 50-basis point rate hike at the next FED meeting in September. This in turn has caused yields to rise, with the 2-year yield hitting fresh 5-year highs near 3.5% and ultimately gave the dollar its appeal to continue its upward trajectory.



Technical Analysis: H4

In terms of market structure, last week saw the completion of the larger bullish continuation pattern in the form of the falling wedge type structure that found support from the 104.00 level and produced an impulsive wave that went on to revisit the 109.00 area last week Friday before setting a new high just under 109.50.

Intra-day Overview: Current price action in Monday’s trading session broke through the previous high and created fresh 20-year highs before retreating into the range finding support within the 108.00 range. Henceforth buyers could push the index to continue its bull run, or on the flipside, sellers could be well positioned at the fresh 20-year highs set in Monday morning’s London session and could challenge buy pressure.

Stocks
At the time of writing, US Stocks have continued to sell off since Friday’s hawkish comments signalled a longer period of sustained higher interest rates.

*Dow Jones: Reacted by adding to the losses from last week by 0.07%.
*S&P 500: Pressure continued and added to losses from last week by 0.11%.
*Nasdaq: Was down on Monday by 0.49%.

Currencies

*Euro: Intraday overview: Price was buoyed by a pullback in the Dollar on Monday morning, which gave the Euro some impetus to claw back some of the losses made on Friday, retesting the upper end of the range at the 1.00291 area in the current bearish continuation structure.
*Pound: Intraday overview: The 1.16481 area was the floor that supported a pullback on Monday morning, as the Pound clawed back some of the losses from Friday. The Intraday high was set around the 1.17432 area.

Commodities

*Gold: Intraday overview: The $1 720 area was the floor that supported a pullback on Monday morning, helping Gold claw back some of the losses seen on Friday. The intraday high was set around $1 745.

*Oil: On the back of the Saudis’ comments around their inclination towards slowing down production, the price of Brent hit $100 and shows the possibility of geopolitical factors supporting the bullish momentum for now, while the current economic outlook, and central banks’ monetary policies, are supporting a bearish sentiment.

Bitcoin

In the wake of Bitcoin falling below the psychological $20 000 level, there could be more support around the corner as crypto adoption seems to be getting “a shot in the arm” with the Monetary Authority of Singapore considering implementing certain regulations around leverage when it comes to cryptocurrencies. This initiative is aimed to protect inexperienced consumers as opposed to banning the crypto market altogether.



Biggest FX Mover @ (06:30 GMT) NASDAQ (-3.9%). Dropped to 12387$ from 13206$.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Ofentse Waisi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 31st August 2022.

Market Update – August 31 – Stocks & Oil Tank, Yields Rally.


Trading Leveraged Products is risky

*USDIndex – remains capped at 109.00 with support at 108.20 today. Tight JOLTS report adds to pressure for 75 bp next month; Fed Fund Futures now sit at 68.5%. 2yr yields traded to 15 yr highs. AUD outperformed overnight.
*EUR – German Inflation at near 50-yr highs, pressures ECB action and lifts EUR to 1.0033
*JPY holds between 139.00 & 138.00 having breached 138.00 Monday.
*GBP hit pandemic era lows (March 2020) yesterday at 1.1620. Recovered to 1.1675 now.
*Stocks US stocks weak again (S&P500 -44.00pts (-1.10%) 3986). Under 4k & 24-day low & under 50-day MA. Energy & Tech stocks led the decline. Futs. 4014 now.
*Oil lost over 5% yesterday but has recovered; API inventories better than expected. Touched $90.50 yesterday up to $92.50 now.
*Gold – crashed from resistance at $1736 and trades at support ($1724) now.
*BTC – tested Monday’s 33-day low ($19.5k) again yesterday, back over 20k now at 20.3k.

Overnight – Asian equity markets squeezed lower following weak Wall Street, European FUTS tick higher. NZD Strong Building Permits JPY Retail data also better than expected CNY PMI data beat but weaker than last month. Manufacturing (49.4) remains in contraction. German Import Prices and French CPI (m/m) weaker than expected. (1.4% & 0.4% respectively).



Today – German Import Prices & Unemployment, EZ CPI, Canadian GDP, US ADP & Chicago PMI, Speeches from Fed’s Mester & Bostic.



Biggest FX Mover @ (06:30 GMT) AUDUSD (+0.68%). Remains volatile, (100+ pip mover yesterday). Latest move; a rally from 0.6850 support to trade at 0.6900 resistance. MAs aligning higher, MACD histogram negative but signal line rising, RSI 56.00, H1 ATR 0.00128, Daily ATR 0.00823.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 1st September 2022.

Market Update – September 1 – New Month Same Story – Dollar Bid.


Trading Leveraged Products is risky

*USDIndex – holds at 109.00 highs from a test of 108.50 support. Yields rallied again, Dollar on the frontfoot ahead of NFP & Labor Day Holiday, ADP (following revisions to calculation) big miss 132k vs 300k). Chengdu (120 million) in new lockdown.
*EUR – Record Inflation (9.1%) pressures ECB action (40% chance of 75bp rise next week) – EUR holds at 1.0018.
*JPY rallies again (new 24 yr highs) eyes key 140.00 & trades; 139.50 BOJ holding accommodative policy line.
*GBP new pandemic era lows under 1.1600 now, to 1.1568 lows.
*Stocks US stocks weak again (S&P500 -31.00pts (-0.78%) 3955). Energy & Tech stocks led the decline again as weak news from Nvidia, Tencent & AMD weighed. Futs. -1% at 3930 now.
*Oil down again on weake outlook, under $90.00 and trades at $88.90 now.
*Gold – also down and within $1.50 of $1700 earlier, trades at $1707 now.
*BTC – under 20k again today.



Overnight – CNY Manufacturing PMI data missed (49.5) and returns to contraction. German Retail Sales better than expected (1.9% vs. 0.0%).



Today – EZ, UK & US Manufacturing PMIs, German Retail Sales, Swiss CPI, EZ Unemployment, US ISM Manufacturing, Construction Spending, Speech from Fed’s Bostic.



Biggest FX Mover (06:30 GMT) EURCHF (-0.48%). Rejected 0.9830 today following 5-day rally from 0.9559, trades at 0.9786. MAs aligning higher, MACD histogram positive but signal line falling, RSI 43.00, H1 ATR 0.00132, Daily ATR 0.000723.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 2nd September 2022.

Market Update – September 2 – USD Holds at Highs, Stocks stem losses.


Trading Leveraged Products is risky

*USDIndex – spiked to 109.95 highs yesterday and holds the BID @109.50 now. A strong NFP could lift the USD even higher. A weak number could prick the USD bubble from 20-yr highs. Strong Weekly Claims and PMI’s added to USD demand. Fed Fund Futures now at 74%/26% for 75bp vs. 50 bp at next Fed meeting.



*EUR – ECB action expected next week, but EUR remains under Parity lows of 0.9910, trades at 0.9970 now.
*JPY rallies again (new 24 yr highs) broke 140.00 & holds at 140.30 BOJ holding accommodative policy line, & yield differentials driving trend.
*GBP new multi-year lows under 1.1500 yesterday, back to 1.1550 now. New PM next week.
*Stocks US stocks halted 4-day slide (S&P500 3966). Nvidia -7.67%, AMD -3% weighed again. Futs. flat at 3968 now.



*Oil down again on weak outlook, lows at $86.25 and trades at $88.20 now.
*Gold – also down under $1700 to $1688 lows, back to $1702 now.
*BTC – recovers 20k again today, from 19.5k lows yesterday.



Overnight – NZD Trade Balance missed (-2.4% vs 0.6%) German Trade Balance better than expected (see below).



Today – US NFP & Factory Orders, EZ Producer Prices.



Biggest FX Mover @ (06:30 GMT) EURNZD (+0.68%). Continued to recover from weekly lows at 1.6185 on Tuesday to 1.6450 today, next resistance 1.6485. MAs aligning higher, MACD histogram positive & signal line rising, RSI 63.62, H1 ATR 0.00238, Daily ATR 0.01615.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 5th September 2022.

Market Update – September 5.


Trading Leveraged Products is risky

*USDIndex – holds at 110.25 highs. Yields plunged after NFP and as the curve bull steepened. Asian markets struggled after Wall Street closed in negative territory following news that Russia won’t be re-opening gas deliveries to Europe via Nord Stream 1 as scheduled.
*EUR – 20-year lows – tumbled back below parity, today’s low at 0.9876 as the standoff with Russia continues.
*JPY holds at 140 area.
*GBP fell to 1.1442, the weakest since March 1985.
*Stocks – US closed for Labour Day today. GER40 & UK100 are down -3% and -1% respectively this morning, with recession concerns deepening. ASX and Nikkei closed narrowly mixed. Major stock markets are posting 1-month declines from nearly -2% (TSX) to over -8% (NASDAQ).
*Oil got a boost from the jump in gas prices as traders look ahead to the OPEC+ meeting. USOIL is at $88.45 from $85.70.
*Gold – also down and within $1.50 of $1700 earlier, trades at $1707 now.
*BTC – 19.4K-20.5K.

Weekend – Gazprom announced on Friday that the main pipeline to Germany would remain closed indefinitely, against expectations of a restart on Saturday after three days of maintenance work.

Today - Today – All eyes will be on the monetary policy decisions from the ECB, BoC, RBA.Final readings for Eurozone and UK Services and Composite PMs are due today. In the UK the Conservative Party is set to announce that Liz Truss won the leadership contest and will succeed Boris Johnson as the next Prime Minister for the UK.



Biggest FX Mover @ (06:30 GMT) EURUSD(-0.48%) found a near term support at 0.9877. MAs aligning lower, MACD lines extend southwards, RSI 38, H1 ATR 0.00199, Daily ATR 0.00996.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 6th September 2022.

Market Update – September 6 – Eyes on the deepening EU energy crisis.


Trading Leveraged Products is risky

*USDIndex – pulled back to 109.60 but still highlighting that the USD remains the haven asset of choice for now. Yields are on the rise again and stocks are struggling as the US returns from the holiday and markets keep a close eye on the deepening energy crisis in Europe and China’s Covid situation as the ECB meeting on Thursday comes into view. US 10-year rate at 3.24% 5.3 bp higher than on Friday.
*EUR – weaker than expected German orders numbers at the start of the session, only added to signs that Europe is heading for a recession but EUR trades at 0.9957 now.
*JPY remained under pressure and USDJPY lifted to 24-year highs at 141.20.
*GBP at 1.1587 after on Monday near its weakest level in decades in a sign of faltering investor sentiment in UK markets as Liz Truss prepares to take the reins as prime minister.
*AUD -RBA raised rates by 50 bp and signalled further rate hikes to come but noted that it is not on a pre-set path. AUDUSD is below 0.68 following a spike to 0.6832.
*Stocks – GER40 & UK100 futures are down -0.2% and -0.3% respectively. Asian markets traded narrowly mixed.
*Oil at $88.75. OPEC+ announced an output cut of 100K barrels per day and amid signs that a revival of Iran’s nuclear deal has run into difficulties.
*Gold – rose to $1726.80.

Overnight – RBA raised rates by 50 bp & weaker than expected German factory orders.

Today - UK Industrial and Manufacturing Production and Trade Balance, US ISM Services PMI.



Biggest FX Mover @ (06:30 GMT) GBPJPY(+1.14%). Spiked to 1-month peak at 163.80. MAs aligning higher, MACD histogram positive & signal line rising, RSI 83, H1 ATR 0.3130, Daily ATR 1.28.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 6th September 2022.

Market Update – September 6 – Eyes on the deepening EU energy crisis.


Trading Leveraged Products is risky

*USDIndex – pulled back to 109.60 but still highlighting that the USD remains the haven asset of choice for now. Yields are on the rise again and stocks are struggling as the US returns from the holiday and markets keep a close eye on the deepening energy crisis in Europe and China’s Covid situation as the ECB meeting on Thursday comes into view. US 10-year rate at 3.24% 5.3 bp higher than on Friday.
*EUR – weaker than expected German orders numbers at the start of the session, only added to signs that Europe is heading for a recession but EUR trades at 0.9957 now.
*JPY remained under pressure and USDJPY lifted to 24-year highs at 141.20.
*GBP at 1.1587 after on Monday near its weakest level in decades in a sign of faltering investor sentiment in UK markets as Liz Truss prepares to take the reins as prime minister.
*AUD -RBA raised rates by 50 bp and signalled further rate hikes to come but noted that it is not on a pre-set path. AUDUSD is below 0.68 following a spike to 0.6832.
*Stocks – GER40 & UK100 futures are down -0.2% and -0.3% respectively. Asian markets traded narrowly mixed.
*Oil at $88.75. OPEC+ announced an output cut of 100K barrels per day and amid signs that a revival of Iran’s nuclear deal has run into difficulties.
*Gold – rose to $1726.80.

Overnight – RBA raised rates by 50 bp & weaker than expected German factory orders.

Today - UK Industrial and Manufacturing Production and Trade Balance, US ISM Services PMI.



Biggest FX Mover @ (06:30 GMT) GBPJPY(+1.14%). Spiked to 1-month peak at 163.80. MAs aligning higher, MACD histogram positive & signal line rising, RSI 83, H1 ATR 0.3130, Daily ATR 1.28.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 7th September 2022.

Market Update – September 7 – King Dollar; Yen crushed.


Trading Leveraged Products is risky

*USDIndex – remains above 110 and the ongoing strength of the dollar, fueled by aggressive Fed hikes and the firm push back against inflation continues to weigh on stock markets, as traders assess recession risks amid Europe the escalating energy crisis in Europe.
*Bonds sold off hard with yields surging double digits and Wall Street stumbled amid renewed concerns over inflation, the FOMC’s hawkish response, and the concomitant threat to growth – amid a deluge of corporate debt offerings and as ISM services index increase to 56.9 further presser yields higher.
*20 companies slated bond offerings totaling an estimated $30 billion to $40 billion.
*EUR – break 0.9900 area than expected German orders numbers at the start of the session, only added to signs that Europe is heading for a recession but EUR trades at 0.9957 now. – German industrial production contracted – less than feared and at the same time the June number was revised up.
*JPY crushed! USDJPY at 144.35.
*GBP – 1.1490. Eyes to parliamentary testimony from the Bank of England governor.
*Stocks – Asian stocks fell to 2-year low on the back of disappointing Chinese trade number (China’s exports slowed in August). US100 fell -0.74% and the US30 and US500 slid -0.55% and -0.41%, respectively.
*Oil at $85.60
*Gold – extends for a 2nd day below $1700

Corporate bond update: there has been a flood of issuance to kick off September. It looks like corporations are jumping in while the going still looks relatively good and before rates go up further. Nestle plans a hefty 5-part sale with 3-, 5-, 7-, 10-, and 30-year coupons. Walmart announced a $5 bln 4-part deal to include a $1.75 bln 3-year, a $1 bln 5-year, a $1.25 bln 10-year and a $1 bln 30-year. Lowe’s plans a $4.75 bln 4-tranche deal with 3-, 10-, 30-, and 40-year tranches. MUFG has a $4.4 bln 4-parter including 3NC2 fixed and FRN, a 6NC5, and an 11NC10. John Deere Capital is selling $2.25 bln in 3-, 5-, and 10-year notes. There is a $2.3 bln 4-parter from Dollar General with 2-, 4-, 10-, and 30-year tranches. McDonald’s announced a $1.5 bln 10- and 30-year. Target has a $1 bln 10-year. ORIX has a $1 bln 2-oarter. And this is not even the full list. The explosion of offerings has added to the selling pressures on Treasuries. Rates are up double digits with the 10-year 15 bps cheaper at 3.34%.

Today - Attention will be on the BOC’s rate decision and BOE Monetary Policy Report Hearings along with BOE Governor Bailey testimony. Of importance will be remarks from VC Brainard, Michael Barr who will discuss financial systems. Barkin and Mester speak at an MIT event and the US trade deficit will also be important for what it says about global activity.



Biggest FX Mover @ (06:30 GMT) CHFJPY (+0.97%) at record highs, 146.48. MAs aligning higher, MACD histogram positive & signal line rising, RSI 83, H1 ATR 0.284, Daily ATR 1.116.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 8th September 2022.

Market Update – September 8 – Stocks Rise, USD Slips, Oil Tanks.


Trading Leveraged Products is risky

*USDIndex – spiked to 110.75, before slipping below 110.00 yesterday, but still holds the bid close to 20-year highs and trades at 109.50 now. Yields also slipped, but the curve remains inverted. Fed Fund Futures now at 79%/21% for 75bp vs. 50 bp September 21. Fedspeak Collins – inflation at 2% is the Fed’s “Job One,” Vice Chair Brainard said tight monetary policy will continue “for as long as it takes to get inflation down.”
*EUR – ECB action today and 75bp also in the frame. EUR rallied back to Parity yesterday and trades at 1.0093 now. EU plans a price cap on Russian gas prices – Putin warns of “winter freeze”.
*JPY rallies again (yet more new 24-year highs) tested to 145.00 & holds at 143.50. Japan MOF, FSA, and BOJ to hold meeting at 0745 GMT today.
*GBP new 37-year lows tested 1.1400 yesterday, back to 1.1515 now. New PM Truss set to announce £100bln emergency energy plan, via massive increase in government borrowing.
*Stocks US stocks rallied as Dollar & Yields cooled (S&P500 3979). Nasdaq best performer (+2.14%). TWTR +6.6%, TSLA +3.38%, Globalstar +21% (new satellite partner for APPLE’s new iPhone 14, Watch 8 Ultra and new AirPods (no news on new services). Share price unmoved after hours.



*USOil tanked (-5%+) on Russia/EU situation; and global outlook. Trades at $82.65 now from overnight lows at $81.40 now. Summer highs were north of $123.50.
*Gold – also rallied from lows under $1700 at $1691, to $1718.60 now.
*BTC – plunged to 18.5k lows yesterday and remains under 20k at 19.3k now.

Overnight & Today – US Weekly Claims, ECB Announcement, Speeches from ECB’s Lagarde, Fed’s Powell, Evans, Kashkari & BoC’s Rogers.



Biggest FX Mover @ (06:30 GMT) GBPCHF (-0.31%). Continues to decline, yesterday breaking under 1.1300 to 1.1220 lows which are being re-tested now. MAs aligning lower, MACD histogram negative & signal line neutral, RSI 39.90, H1 ATR 0.00137, Daily ATR 0.00814.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 9th September 2022.

Market Update – September 9 – USD Sinks, Yen & BTC Rally.


Trading Leveraged Products is risky

*USDIndex – Slumps as YEN & EUR spike. A brief rally back to 110.00, faded following ECB’s hawkish 75bp hike and similarly Hawkish comments from both Lagarde and Powell. Trades at 108.90. Comments from Japanese officials lift the YEN and weak Chinese inflation data exposes demand weakness.
*EUR – ECB moved by 75bp and suggested more significant hikes to come. EUR rallied back to through Parity and trades at 1.0065 now.
*JPY having rejected 145.00, combined comments from Suzuki, Matsuno & Kuroda lifts the YEN and the pair trades at 142.90.
*GBP 1.1500 support held yesterday and a follow through move today takes Cable to 1.1600 resistance.
*Stocks US stocks moved higher again as Dollar & Yields cooled (S&P500 4006) FUTS trade at 4011. Asian stock markets have rallied, and European FUTS are little changed, the FTSE100 up 0.3%.



*USOil recovered from $81.40 lows to $83.50 now on chatter of more supply issues. 20-day moving average sits at $90.00.
*Gold – also rallied to $1725 and holds the key $1700 at $1721 now.
*BTC – rallied higher as the ETH merge (offering a 99.9% reduction in power consumption!!). Spiked from $18.5k on Wednesday to $20.6k now.

Overnight & Today – Canadian jobs report, EU energy meeting, Speeches from ECB’s Lagarde, Fed’s Evans, Waller & George.



Biggest FX Mover @ (06:30 GMT) AUDUSD (+1.31%). Continues to rally from a test of 0.6700 on Wednesday, trades at 0.6850 now. MAs aligning higher, MACD histogram negative & signal line positive & rising, RSI 79.22 & OB, H1 ATR 0.00142, Daily ATR 0.00850.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 12th September 2022.

Market Update – September 12 – USD slips again, EUR lifts, Stocks firm.


Trading Leveraged Products is risky

*USDIndex – Slips again as EUR and YEN see demand. Final FedSpeak remained Hawkish as news blackout starts. 88-90% chance of 75 bp hike up from 57% last week.
*EUR – ECB looking at 2% interest rates (currently 0.75%) to bring inflation to 2% target (currently 9.1%). 2024 exceptions 2.4% and 2% by 2025. Market expects 2-3 more rate hikes into December. Trades at 1.0100 now.
*JPY Govt spokesman (Kihara) – need to take steps to curb “excessive” Yen declines, stopped short of calling for BOJ intervention. However, USDJPY rallied from test of 142.00 Friday to 143.25 now.
*GBP Trades at 1.1643 despite miss for GDP earlier. London remains muted (politics suspended) but open ahead of Queen’s funeral next Monday (bank holiday).
*Stocks US stocks moved higher again as Dollar & Yields cooled (S&P500 4067) FUTS trade at 4076. Asian stock markets have rallied too, and European FUTS are higher pre-open.



*USOil topped at $87.50 on Friday on more chatter of supply issues. Trades at 86.30 now. 20-day moving average sits at $90.00.
*Gold – also rallied to $1728 and holds the key $1700 at $1720 now.
*BTC – rallied higher again, touching $22.2k earlier from $18.5k lows last week. Trades at 21.7k now.

Overnight & Today – UK Monthly GDP missed (0.25 vs 0.5%), ECB Survey of Analysts, Speeches from ECB’s Schnabel & de Guindos.



Biggest FX Mover @ (06:30 GMT) EURJPY (+1.01%). Continues to rally from a test of 142.75 on Friday, trades at 144.80 now. MAs aligning higher, MACD histogram & signal line positive & rising, RSI 72.56 & OB, H1 ATR 0.00142, Daily ATR 0.00850.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 13th September 2022.

Market Update – September 13 – Cooler USD & Stocks Higher Ahead of CPI.


Trading Leveraged Products is risky

*USDIndex – Slips (108.00 tested) for a 5th straight day, lifting EUR & GBP. Fed Funds Futures back to 90% chance of 75 bp (third consecutive) hike. 10-yr Bond Auction was weak, only filled after it hit 3.33% (2.76% last time). “Higher for longer” mantra from Reuters Poll¹. Has Inflation peaked ?
*EUR – Trades at 1.0135 now from a test of 1.0200 yesterday.
*JPY markets not convinced BOJ intervention is imminent. Although Yen up today against others still weak vs. USD, touched 143.50 yesterday and holds 142.30 now.
*GBP traded over 1.1700 yesterday and holds 1.1723 now, following good jobs data. London remains muted (politics suspended) but open ahead of Queen’s funeral September 19 (Bank Holiday).
*Stocks US stocks moved higher again as Dollar & Yields cooled (S&P500 +1.06% 4110) FUTS trade at 4121. Nasdaq best performer (APPL +3.85%, PTON +7.18%). Asian stock markets have rallied too, and European FUTS are higher pre-open.



*USOil topped at $89.00 on Monday on more chatter of supply issues and possible easing of geopolitical tensions. Trades at $86.75 now. 20-day moving average sits at $89.00.
*Gold – also rallied to $1735 and holds over $1720 now.
*BTC – rallied higher too and holds at $22.3k.

Overnight & Today – UK Jobs, (Wages beat & Unemployment Rate fell back, Claimant Count reversed sharply (+20.8k) German HICP (steady at 8.8%). To come German ZEW and US CPI.



Biggest FX Mover @ (06:30 GMT) AUDJPY (-0.51%) Signs the 6-week rally from 90.00, maybe cooling. Topped at 98.45 earlier back under 98.00 to 97.76 now. MAs aligning lower, MACD histogram & signal line positive but falling, RSI neutral 43.20, H1 ATR 0.174, Daily ATR 0.972.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 15th September 2022.

Market Update – September 15 – USD Holds at Highs, Stocks Flat.


Trading Leveraged Products is risky

*USDIndex – Remains bid and back to test 109.85. US Mortgages over 6%, (Highest since 2008), 2/30yr. yields most inverted since 2000. 2/10’s 45 pts inverted. INFLATION the only story in town. Key next week will be the Fed’s new forecasts, and especially the dot plot and what it suggests about the terminal rate. Fed funds futures point to about a 4.4% rate in early spring.
*EUR – Trades at 0.9964 now and remains capped by Parity 1.0000 resistance. Lane yesterday suggested that another 75 bp rate hike is not a done deal. EU is looking for $140 billion for Winter Energy support.
*JPY BOJ intervention not imminent. Katayama: Japan lacks effective means to combat Yen’s sharp falls . USDJPY back to 143.75, 145.00 remains vital resistance.
*GBP back to key 1.1500 support zone now, having rejected 1.1600 yesterday.
*Stocks US stocks held at lows and remain subdued after Tuesdays bloodbath.(S&P500 +0.34% 13pts 3946) FUTS trade at 3965. Starbucks +5.53%, TSLA +3.59%. NASDAQ best performer (+0.74%) Asian stock markets also weak and European FUTS also flat.



*USOil topped at $90.00 yesterday and trades at $88.30 now. 20-day moving average sits at $89.00.
*Gold – remains anchored under $1700 trades at key $1688 now.
*BTC – slumped to $19.5k but holds at $20k now. Ethereum PARIS Merge successful this morning.

Overnight & Today – US Philly Fed, US Retail Sales, Speech from ECB’s de Guindos.



Biggest FX Mover @ (06:30 GMT) USDJPY (+0.39%) The BOJ intervention gossip & weak data not aiding the YEN yet. Rallied from 142.50 lows yesterday to 143.70 now 145.00 remains key resistance. MAs aligning higher, MACD histogram & signal line negative but rising, RSI 57.50, H1 ATR 0.227, Daily ATR 1.632.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 16th September 2022.

Market Update – September 16 – Dollar & Yields firmer, Stocks Gold & Oil weaker.


Trading Leveraged Products is risky

*USDIndex – Remains bid and back to test 109.60. Data released yesterday was mixed (positive Retail Sales and Claims, mixed Trade data and Manufacturing from Empire State & Philly Fed) but solid enough not to dissuade the Fed. A 75 bp boost is a done deal on Wednesday, with the risk for a 100 bp hike now 24%. And the Fed is likely to increase rates over the rest of the year to hit a 4.04% upper band in December and peak at 4.4% early 2023. In January the 10-yr yield was 1.77%, closed yesterday at 3.459%, just shy of June’s 3.47% high.
*EUR – Trades at 0.9978 now and remains capped by Parity 1.0000 resistance.
*JPY – More intervention chatter, Suzuki: concerned about one-sided yen weakening. USDJPY back to 143.60, 145.00 remains vital resistance.
*GBP broke below key 1.1500 support zone, 1.1420 now, as Retail Sales disappoint adding to the cost of living crisis.
*Stocks US stocks moved lower and remain pressured after Tuesdays bloodbath.(S&P500 -1.13% -44.66pts 3901) FUTS trade below key 3900 at 3892. Adobe -17%, MFST -2.70%, NFLX +5.02%. NASDAQ worst performer (-1.43%). Asian stock markets also sank (Nikkei -1.11% & Shanghai Comp. -1.97%) – Chinese property sector remains weak but strong Retails Sales and key August indicators were better-than-expected. European FUTS lower, FTSE100 FUTS – a tad higher on weaker sterling.



*USOil plunged over 4% to $84.35 lows, from a test of $90.00 on Wednesday. Trades at $85.40 now.
*Gold – also plunged below key support areas at $1688 and $1680, to $1658 (April 2020 lows) now.
*BTC – slumped to $19.4k and trades at $19.7k now. Ethereum PARIS Merge successful yesterday but he coin lost -5% and trades at $1468 today.

Overnight & Today – EU Final CPI, UoM Consumer Sentiment & Inflation Expectations, Quadruple Witching, Speeches from ECB’s Lagarde & Villeroy.



Biggest FX Mover @ (06:30 GMT) GBPUSD (-0.46%) Weak UK Retail Sales adds to Sterling’s woes. Sank under vital 1.1500 yesterday to 1.1418 now. MAs aligning lower, MACD histogram & signal line negative & falling, RSI 27.50 & OS, H1 ATR 0.00158, Daily ATR 0.01188.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 19th September 2022.

Market Update – September 19 – Big central bank week; Risk of a super-sized hikes!


Trading Leveraged Products is risky

*USDIndex – Remains bid, holding above 109. The surprisingly hot August CPI report generated a sea-change in policy outlook, while housing starts and existing home sales will be tracked. The housing sector has been a major casualty of the FOMC’s tightening policies. Starts are seen rebounding slightly to a 1.450 mln clip after tumbling -9.6% to 1.446 mln in July. Existing home sales are projected dropping to a 4.685 mln rate following July’s decline to 4.810 mln. A 75 bp boost is a done deal on Wednesday.
*EUR – Trades at 0.9976. Recession risks are increasingly palpable in Europe.
*JPY – down 0.2% at 143.21 – verbal interventions effect in the yen has faded this week.Strong resistance at 145. Japan is on holiday today & Friday. BoJ is expected to maintain the accommodative stance & stick with massive stimulus .
*GBP just under the 1.14 mark. Markets are split on whether the BOE will raise rates by 50 or 75 bps on Thursday and to the government’s fiscal plans as Chancellor Kwarteng is set to unveil a “mini-budget” on September 23. The energy package aside, Kwarteng is expected to unveil cuts to National Insurance payments and the reversal of plans to increase corporation tax from 19% to 25%in April. PM Truss is also preparing a post-Brexit deregulation push and hopes that her measures will boost growth sufficiently to allow the financing of measures in the medium term.
*Stocks in red with ASX and Nikkei lost -0.3% and -1.1% respectively, while Hang Seng and CSI 300 are down -1.3% and -0.5% at the moment. Reports that the Chinese city of Chengdu reopened after lifting a two-week lockdown and a liquidity injection from the PBOC may have helped to put a floor under mainland China bourses at least. The GER40 future is fractionally lower, US futures underperforming, led by a –0.8% correction in the USA100. UK markets will remain closed today for the late Queen’s funeral.
*USOil – at $83.83 next support at $80.
*Gold – slipped on Monday, at $1661 pressured by a strong USD.
*BTC – retests 3-month low at mid $18500 area.



Overnight & Today - EU Construction Output & Japanese CPI.



Biggest FX Mover @ (06:30 GMT) BTCUSD (-4.72%) Sank to 3-month low at 18400 area. MAs aligning lower, MACD histogram & signal line negative & falling, RSI 21, H1 ATR 231.98, Daily ATR 1112.90.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 20th September 2022.

Market Update – September 20.


Trading Leveraged Products is risky

*USDIndex – steadied at 109 – 109.30, as Treasuries were weaker on the day and closed near their lows as the market awaits an all-but-done 75 bp rate boost. The 2-year US Treasury yield , which is extremely sensitive to policy expectations, rose as high as 3.970% overnight for the first time since November 2007. The 10-year yield reached a high of 3.518%, a level not seen since April 2011.
*EUR – back to parity (1.0030) after it dropped as low as $0.9864 on Sept. 6 for the first time in two decades.
*JPY – at 143.40, in a week following consolidation. The BoJ decides policy on Thursday, and is widely expected to keep its ultra-easy stimulus settings unchanged — including pinning the 10-year yield near zero — to support a fragile economic recovery.
*GBP – at 1.1445, finding some ground after the 37-year low. Consensus expectations predict a 50 bp move from the BoE, although a 75 bp move is likely to be discussed.
*Stocks: A late-day rally left the US100 up 0.76% at 11,535, while the US30 and US500 rose 0.64% and 0.69%, respectively, to 31,019 and 3899. Nikkei was up 0.45% at the close, the ASX managed a 1.29% gain, while CSI and Hang Seng are currently up 0.2% and 1.1% respectively. GER40 and UK100 futures are up 0.3% and 0.6% respectively.
*Apple rallied by 2.51% yesterday. The company announced yesterday that prices of apps and in-app purchases on its App Store will increase in several countries including Japan, Malaysia and all territories that use the euro currency, from next month. Also in a statement to Bloomberg, Apple has acknowledged the iPhone 14 Pro’s camera shaking issue and has revealed that it will release a software update to fix this. This update should be out by next week.
*USOil – at $85 area after dipping to $82. US crude oil stocks are estimated to have risen last week by around 2 million barrels in the week to Sept. 16, a preliminary Reuters poll showed on Monday. European gas prices meanwhile continue to decline with Dutch TTF at EUR 170 per megawatt hour – the lowest since July 25. European governments are intensifying efforts to ease the reliance on Russian imports and there are also efforts underway to reform the energy market as governments move to reduce energy consumption in preparation for the winter. European inventories are almost 86% full, but if Russia doesn’t resume gas deliveries via Nordstream 1 it will still be a struggle to avoid power cuts.

Overnight & Today - US Building Permits & housing Starts, Canadian Inflation and the highlight is the ECB Lagarde speech, BoC Deputy Beaudry speech and RBA Assist Gov Bullock Speech.



Biggest FX Mover @ (06:30 GMT) GBPJPY (+0.42%) rallies to 164.35 (200-hour SMA). MAs aligning higher, MACD histogram & signal line turned positive and rising. RSI 69, H1 ATR 0.225, Daily ATR 1.557.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 21st September 2022.

Market Update – September 21 – Riksbank spooked markets ahead of Fed, BoE, SNB & Norges Bank.


Trading Leveraged Products is risky

*USDIndex – extended gains to 110.26, stocks and bonds were down while the 10-year yield surged over 10 bps to hit 3.60%, but slid to finish at 3.555%. It is the first close over 3.5% since April 2011. The curve steepened to -39 bps from -45 bp.
*ECB’s Lagarde expects to raise rates further over the “next several meetings,” in her speech on Monetary Policy in the Euro Area. That and the surprisingly bold 100 bp rate boost from Sweden’s Riksbank kicked off a very heavy week of central bank decisions and got trading off on the back foot. The markets are repricing for the possibility other central banks will be in more of a rush to tighten policy.
*Putin declares partial military mobilisation to bolster Ukraine war effort.
*EUR – plummets below 0.9900.
*JPY – topped 144.00, before drifting by 60 pips on the EU open as Yen strengthened. The BoJ left its bond buying schedule unchanged and signalled ongoing focus on trying to cap yields which may have helped to soothen nerves.
*GBP – dipped to 1.1338, at 37-year lows.
*Stocks: US500 and the US30 were down just over -1%, with the US100 off -0.95%. European rates closed up over 10 bps, and bourses dropped over -1%. JPN225 and ASX closed with losses of -1.6% and -1.4% respectively yesterday, and Hang Seng and CSI 300 are currently down -1.2% and -0.3%. US and European equity futures are also in the red.
USOil – ticked up to $85.50.

Overnight – BoJ maintains bond buying program, with the focus on trying to keep a lid on yields, ahead of the policy decision later in the week. The BoJ plans to buy 150 billion yen of debt in the 5-10 year and 100 billion yen of securities with maturities of 10-25 years. That is on top of the offer of unlimited purchases of 10-year bonds at 0.25%. The 10-year rate climbed to the 0.25% upper limit of the BoJ’s tolerated range last week for the first time in three months, as officials tried to talk up the Yen.

Today – The FOMC began its 2-day meeting.



Biggest FX Mover @ (06:30 GMT) EURJPY (-0.80%) dipped to 142.00. MAs aligning lower, MACD histogram & signal line turned negative and falling. RSI 69, H1 ATR 0.271, Daily ATR 1.56.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 22nd September 2022.

Market Update – September 22.


Trading Leveraged Products is risky

*USDIndex – extended gains to 111.51, as the FOMC boosted rates by 75 bps, but it was a much more hawkish result than that. The SEP revisions were the focus and they did not disappoint, with the dots coming in much higher than expected, steepening the near-term trajectory and concluding with a higher than previously forecast terminal rate. Chair Powell also stated the policy path the Fed actually takes will be enough to get the job done.
*Yields: 2-year finally climbed through 4% to close at 4.03%, the first time with that handle since October 2007. The 10-year was 5 bps richer at 3.510% after surging to 3.624% just after the Fed’s release.
*EUR – lingering at 0.9820.
*JPY – lifted to 145.44, as Kuroda’s warning on the Yen may help to limit the move higher as it leaves markets speculating about direct intervention in forex markets, although most expect Japan to try and enlist support from the US and shy away from going it alone.
*GBP – dipped to 1.1220.
*Stocks in the red with losses of -1.79% on the US100, and -1.7% on the US30 and US500. GER40 and UK100 futures meanwhile are down -1.6% and -0.8% respectively.
*USOil – at $83.00, as supply concerns are counterbalanced by speculation that aggressive central bank action will hit the recovery.

Overnight – BoJ will continue with the easy policy settings until the 2% inflation goal is met, adding that the bank won’t hesitate to ease policy settings further if needed. FOMC boosted the rate band 75 bps as expected, from 3.0% to 3.50%. This makes a total of 300 bps in rate increases to the highest since 2008. And more hikes are on the way as the policy statement reiterated that the Committee “anticipates that ongoing increases in the target range will be appropriate.” Additionally, the dot plot showed a median funds rate at 4.4% for the end of 2022, or about 125 bps of hikes from here, keeping another 75 bp increase on the table. The median rate is at 4.6% for the end of 2023. The vote was unanimous. This is a hawkish 75 bp hike, and it’s a higher for longer stance through 2023.

Today – The SNB delivers 75 bp hike as expected. Hence focus turns to BOE announcement and US jobless claims.



Biggest FX Mover @ (06:30 GMT) CHFJPY (+1.03%) MAs aligning higher, MACD histogram & signal line turned positive and rising. RSI 78, H1 ATR 0.471, Daily ATR 1.599.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 23rd September 2022.

Market Update – September 23.


Trading Leveraged Products is risky

*USDIndex – holds above 111.
*Yields: 10-year surged 18 bps to hit 3.71% but finished at 3.69%. 2-year was 9 bps higher at 4.15% before easing off. It was an 11th straight session of losses, the longest on record (data going back to 1976), according to Bloomberg. The 10-year has sagged for 13 consecutive days. The curve inverted to -54 bps early on before rising to -42 bps late in the day.
*EUR – broke below 0.9800.
*JPY – remained supported after officials stepped in and intervened on forex markets yesterday. USDJPY is at 142.20.
*GBP – remains in the doldrums with Cable at 1.1200.
*Stocks were mired in the red, at 2 year lows, with weakness in consumer discretionary and financials. Some bargain hunting lifted the indexes off of their lows and saw the US30 edge fractionally higher temporarily, but dropped at the close to finish down -0.35%. The US100 lost -1.37%, and the US500 was off -0.85%.
*USOil – hovering at 80-82 area.

Overnight – Globally hot inflation rates have resulted in historically tough action from nearly every central bank around the world this week and over the month. Over the past 24 hours there has been a total of 250 bps in rate increases. Many emerging market central banks have been in action too, forced to keep pace with the Fed and to defend their currencies. South Africa lifted rates 75 bps, with Indonesia and the Philippines hiking 50 bps. The BoJ remained the odd man out, though it intervened in the currency market to support JPY. While the FOMC’s 75 bp hike was expected, the upward revisions in the dots to a 4.6% estimate for the terminal rate, and Chair Powell’s hawkish stance, caused much of the repricing in the markets. Additionally, Powell’s warning that there will be further pain in the housing market and that the risks for recession were on the rise exacerbated investor angst. That and the rise in yields knocked mega-tech sharply lower. Nevertheless, many doubt the FOMC will carry through with its projected policy path, while some found buying opportunities amid the downdraft in stocks.

Today – Preliminary PMIs from UK, Germany, EU, and US alongside Canadian Retail Sales and Fed’s Chair Powell.



Biggest FX Mover @ (06:30 GMT) GBPUSD (-0.63%) MAs aligning lower, MACD histogram & signal lines extend well below 0, RSI 30.62, H1 ATR 0.00175, Daily ATR 0.01282.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 26th September 2022.

Market Update – September 26 – Sterling Slumps.


Trading Leveraged Products is risky

*USDIndex – surged to 114.40 before settling at 113.64. 10-year yields jumped 5.5 bp in Australia and are currently 7.6 bp higher in the US. 2-year Treasury yields broke above 4.3% to a new 15-year high.
*EUR – The Eurozone and the wider EU are also facing the challenge of a new right-wing government in Italy, with Draghi’s likely successor not only the first woman, but one with far-right convictions that could bring her in conflict with Brussels and Frankfurt. EURUSD at 0.9635.
*JPY Japan’s Finance Minister threatened further intervention today, but the Yen was again under pressure and fell about 0.6% to the weaker side of 143.86.
*GBP dropped to an all-time low against the USD (at 1.033) as Friday’s mini-budget intensified concern about the fiscal situation. Speculation of an emergency response from the Bank of England, as confidence evaporated in Britain’s plan to borrow its way out of trouble, spooked investors piling into US Dollars. Currently settled at 1.0615.



*Stocks: Eurozone stock futures are selling off in tandem with US futures, while the UK100 future has found a footing as the slump in Sterling lends a helping hand. Across Asia the Nikkei closed -2.6% lower, the ASX declined -1.6% and Hang Seng and CSI 300 have lost -0.02% and -0.52% respectively so far.
*USOil plunged to $77.58 as recession concerns mount. Attention turns to OPEC+, on Oct. 5, after agreement to cut output modestly at their last meeting.
*Gold – drifted to $1636, with next floor at $1560.
*BTC – hovering around 2-month low at $18k area.



Overnight & Today – China steps up fight to support the Yuan. The PBOC announced today that it will impose a 20% risk reserve requirement on banks’ foreign-exchange forward sales to clients. The currency is heading for the lower end of the allowed trading band against the Dollar, despite stronger than expected fixings since August. Officials also reduced the banks’ foreign-currency reserve requirements earlier this month to boost the Yuan, but so far, the measures haven’t really halted the slide in the currency and today’s move is also not expected to do much more than slow the slide.



Biggest FX Mover @ (06:30 GMT) EURGBP (+2.19%). Topped at nearly 2-year highs at 0.9250, before correcting back to 0.9045. Intraday MAs aligning lower, MACD histogram & signal line hold positive, RSI declines to 61, H1 ATR 0.0065, Daily ATR 0.0094.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 27th September 2022.

Market Update – September 27.


Trading Leveraged Products is risky

*USDIndex – at 113.40 after hitting another new 20+ year high at 114.41, as treasuries continue to rally. 10-year yield surged over 20 bps to test 3.898%, the highest since early 2010. The 2-year was over 13 bps cheaper to 4.340%, a new 15-year peak. The 30-year bond was up only 10 bps to 3.715%, an 8-year high. The curve held in the -44 bp area.
*EUR – lifted slightly amidst a general correction in the Dollar, at 0.9652.
*JPY traded at 144.20. Resistance set at 146.00.
*GBP dropped to an all-time low of 1.035 overnight, but bounced to 1.0800 currently. BoE’s Bailey said the Bank will not hesitate to change rates as much as needed while noting he is monitoring the financial markets. That disappointed as the markets hoped to hear something firmer and more definitive on the crash in Cable. The UK100 bounced and managed a fractional gain at the end of the day.



*Stocks: Stock markets started to stabilize overnight and Nikkei and ASX managed gains of 0.5% and -0.4% respectively. Wall Street gave up early gains and closed with losses of over -1.0% on the US30 and US500, with the latter at 3655, piercing the 3666 nadir from June 16, and is the weakest since December 14, 2020. The US100 slid -0.60%.
*USOil closed yesterday below $76 (9-month low) on indications that OPEC+ may enact output cuts to avoid a further collapse in prices.
*Gold – drifted to $1621 outside daily BB.
*BTC – higher at $20,162.





Biggest FX Mover @ (06:30 GMT) NZDUSD (+1.27%). Retesting 50-hour SMA at 0.5715, Intraday fast MAs aligning higher, MACD histogram & signal line hold negative but close to 0, RSI rise to 57, H1 ATR 0.00175, Daily ATR 0.00878.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 28th September 2022.

Market Update – September 28 – Renewed Selling.


Trading Leveraged Products is risky

*USDIndex – breaks range and tops at 114.63. Economic data on confidence, durables, home sales, and the Richmond Fed index were stronger than expected, while home prices declined and broke a long string of gains.
*Yields: A tweet from DoubleLine Capital’s Gundlach that he was buying Treasuries provided some support along with dip-buying and safe haven demand. The 10-year Treasury yield ended over 5 bps higher, testing 3.99% after having dropped over 10 bps to a low of 3.797%.
*GBP in a renewed selling, UK bonds sold off sharply, yields on US bonds higher and US stocks to the lowest level since 2020. 10-year gilt on Tuesday rose 26% to hit a 14-year high of 4.5% after the Bank of England’s chief economist Huw Pill said the loosening of fiscal policy announced last week would “require a significant monetary response”.
*Kwarteng met the heads of companies including Aviva, Legal & General, Royal London, BlackRock, Schroders and Fidelity, to reassure them that his economic strategy would work after days of turmoil in financial markets. Later he spoke to Conservative MPs to calm fears that the government had lost control of the economic situation.
*IMF criticize Britain’s new economic strategy, saying the proposals are likely to increase inequality. Moody’s warned that unfunded tax cuts were credit negative.



*EUR – fresh low at 0.9540.
*JPY traded at 144.70.
*Stocks: closed mixed with the US100 managing a 0.25% gain, while the US30 declined -0.42%, with the US500 sliding -0.2% to 3647.
*USOil steady at $77. The energy crisis in Europe intensified as European authorities investigated what Germany, Denmark and Sweden said were attacks which had caused major leaks into the Baltic Sea from two Russian gas pipelines.
*Gold – drifted to $1619.97.
*BTC – slide back to $18K area, as stocks fell deeper into a bear market. Ether was also down by less than 1%. – “crypto winter”?



Biggest FX Mover @ (06:30 GMT) AUDJPY (-0.77%) extends outside daily BB. Intraday fast MAs aligning lower, MACD histogram & signal line are negative, RSI at 23, H1 ATR 0.218, Daily ATR 1.166.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 29th September 2022.

Market Update – September 29 – Sterling & Stocks drift as BoE boost fades.


Trading Leveraged Products is risky

*USDIndex – tumbled at 112.43 after the BoE’s actions ( worst session in 2.5 years). Today it found some ground edging towards 113.35, buoyed by renewed pressure on the pound.
*Yields: UBoE’s announcement that it will buy up to GBP 5 bln a day for 13 days in a bid to stabilise markets bruised by the government’s mini-budget may have helped Gilts and wider bond markets to recover somewhat yesterday, but while Australia and New Zealand bonds rallied in catch up trade, yields are already rising again in Europe and the US. Record surge in Gilts where the 30-year rate plunged an historic 105 bps to 3.913%, unwinding the better than 130 bp selloff to a 5.135% high. The 10-year Gilt crashed 50 bps, the most since 1992, to 3.999%.

While intervention supported Gilts, Treasuries rallied on haven demand amid global investor jitters, bargain hunting, a solid 7-year auction, and a month-end bid.

*GBP remains volatile as BoE presses panic button. Sterling rallied on the BoE’s initial announcement of bond purchases, but Cable has since settled at 1.08 area as the rapid switch from scheduled asset sales to “temporary” bond purchases has not really helped to instill confidence in the currency.
*EUR – returned to 0.9665.
*JPY traded at 144.70.
*Stocks: The 1.96% bounce to 3718 in the US500 snapped a six-day string of losses, the worst since February 2020, as the index climbed off of Tuesday’s 3647, a new 2022 low. Strength was broadbased with energy climbing over 4%. The US100 jumped 2.05% to 11,051, and the US30 rose 1.88% to 29,683.
*USOil up to $81. Goldman Sachs cut its 2023 oil price forecast, citing expectations of weaker demand and a stronger USD. China’s travel during the upcoming week-long national holiday is set to hit the lowest level in years as Beijing’s persistent zero-COVID rules prompt people to stay at home and economic woes dampen spending. Citi economists have lowered their China GDP forecast from 5% year-on-year growth to 4.6% for the fourth quarter of 2022.
*Gold – after some buying retreats to $1647.
*BTC – at 19375.
*Today: German Inflation, ECB’s Panetta, de Guindos, Elderson and Lane speech, US GDP and Jobless claims.



Biggest FX Mover@ (06:30 GMT) NZDUSD (-1.05%) back to 0.5655. Intraday fast MAs aligning lower, MACD histogram & signal line are turnign to 0, RSI at 2342, H1 ATR 0.00173, Daily ATR 0.00953.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 30th September 2022.

Market Update – September 30 – Quarter End.


Trading Leveraged Products is risky

*USDIndex – has dropped back to 112.00, as bonds and stocks remained very jittery into quarter end, month end and week end. The US Q2 chain price indexes accelerated to 9.0% for the headline, and 4.7% for the core. Credibility issues are keeping also buyers sidelined as the central banks are seen having waited too long to address rising price pressures, with worries now that they are overdoing rate hikes and will push the world into recession.
*Yields: The German 10-year rate is down -3.2 bp in early trade, the US rate -4.1 bp.
*UK PM Liz Truss will stick to her plan to reignite economic growth, breaking her silence after nearly a week of financial market chaos.
*German Chancellor Olaf Scholz – set out $196 billion “defensive shield”, including a gas price brake and a cut in sales tax for the fuel, to protect companies and households from the impact of soaring energy prices. That came after the 10.9% German Inflation figure for September.



*Stocks were headed for their worst month! Nikkei still closed with a loss of -1.8%, the ASX was down -1.2% by end of trade while CSI 300 and Hang Seng are down -0.3% and up 0.1% respectively. However, markets seem to be finding a footing and European and US futures are mostly managing slight gains.
*Japan’s factories ramped up output in August and China’s factory activity returned to growth this month, data showed.
*GBP – has lifted above 1.10
*EUR – is at 0.98.
*JPY – traded at 144.57.
*USOil – steady at $81.
*Gold – rebounded to $1670.
*BTC – steady at 19410
*VIX index has been on the rise and hit 33.46 earlier, just shy of the 34.75 May high, though has yet to really test the 40 area last seen in late 2020.



Biggest FX Mover @ (06:30 GMT) USA100 back to 11333. Intraday fast MAs aligning higher, MACD histogram & signal line are turning higher but still in negative area, RSI at 54.76, H1 ATR 58.36, Daily ATR 354.98.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 3rd October 2022.

Market Update – October 3 – New Week, Month & Quarter.


Trading Leveraged Products is risky

*USDIndex – Holds Friday’s range at 111.80. Dollar remains in demand following a weak 3rd quarter, HOT CORE CPE inflation on Friday and an emergency FOMC meeting behind closed doors today. Asian stock markets struggle in key Holiday week, risk appetite remains fragile ahead of more rate hikes and US jobs on Friday. The JPY underperforms in the Asian session.
*EUR – Trades at 0.9820 now, capped by an 8-day high at 0.9900 but off last weeks 0.9550 low. Alternative gas supplies began to flow over weekend for Greece, Bulgaria & Poland.
*JPY – Remains weighed as 145.00 is tested once more. Fin. Min. Suzuki – Japan stands ready for “decisive” steps in the foreign exchange market if excessive Yen moves persist.
*GBP – Continued to recover following mini-budget inspired collapse last week. Capped at 1.1200 so far today ahead of Fin Min Kwarteng’s speech. Rumours swirl of U-turns on tax cuts.
*Stocks US stocks moved lower again on Friday remain pressured. Third consecutive Quarterly fall, largest percentage fall for Q3 in the S&P500 in 20 years, 3rd consecutive week lower and 2nd consecutive month lower. The first 9-months of 2022 has been the worst since 2008. APPL, MSFT led tech lower on Friday, biggest losers Nike -12.8% & Carnival -23.3% both following warnings regarding margins due to inflation. Q3 Earnings now expected to be +4.5% down from 11.1% on July 1.



*USOil rallied over 3% to test $82.00 after weekend reports of OPEC+ cutting production “up to 1.5 million barrels per day”.
*Gold – holds at $1665 but remains capped at $1675.
*BTC – rejected $20.0k on Friday and trades at $19.2k now.



Today EZ, UK & US Final Manufacturing PMI, US ISM Manufacturing, Speeches from Fed’s Bostic, Barkin, George & Williams, BoE’s Mann & UK Chancellor Kwarteng.

Week Ahead – US Services, RBA & RBNZ Rate decisions, ADP & CAD & US (NFP) Jobs.



Biggest FX Mover @ (06:30 GMT) NZDJPY (+0.82%) Rallied from Friday’s collapse from 83.00 to 81.00, to test 82.00 today. MAs now aligning higher, MACD histogram & signal line negative but rising, RSI 52.05 & rising, H1 ATR 0.253, Daily ATR 1.233.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 4th October 2022.

Market Update – October 4 – Stocks Bounce, Yields Fall, RBA Springs a Surprise.


Trading Leveraged Products is risky

*USDIndex – Descends into 111.50, support area, and under 9-day EMA for first time since September 19. Yields slipped significantly (US 10yr @3.65%) following reverse from UK Chancellor tax cut plan lifting UK GILTS and wider sentiment. ISM Manu. data hit a 2.5 year low but at 50.9 remains in expansion mode. Oil & Oil Stocks rallied on OPEC production cut rumours and TSLA dropped -8.6% on delivery misses and with no immediate solution. RBA surprised with a 25bp hike vs. an expected 50 bp interest rate hike. AUD & JPY underperform overnight.
*EUR – Trades at 0.9840 now testing Friday high but capped by a 9-day high at 0.9900.
*JPY – Remains weighed. 145.00 was breached but only for an hour yesterday, despite hawkish comments from Japanese officials – trades at 144.80 now.
*GBP – UK government confirmed it will scrap plans to abolish 45% top tax rate in humiliating U-turn. Sterling continued to rally, Cable and GBPJPY breached 20-Day MA. Cable now trades at key resistance 1.1350.
*Stocks – US stocks, ripe for a bounce at the beginning of the Quarter, leapt over 2%. US500 +92.81 (+2.59%) 3678 Energy stocks led with XOM & CVX (+5%) and APPL & MSFT, (+3%),which led tech lower on Friday, led the rally on Monday. TSLA sank -8.6% pulling TWTR -3.10% & RIVAN -3% lower. US500.F 3731 now.



*USOil rallied over 6% to $84.35 highs after weekend reports of OPEC+ cutting production “up to 1.5 million barrels per day”. Trades at $84.00 now.
*Gold – spiked higher from $1665 over the key $1700 and trades at $1703 now.
*BTC – rallied from sub $19.0k yesterday to $19.7k now.

Today US Factory Orders and Speeches from Fed’s Williams, Logan, Daly, Mester & Jefferson, ECB’s Lagarde.



Biggest FX Mover @ (06:30 GMT) EURJPY (+0.56%) Rallied from Thursday’s collapse to 140.00 to test 143.00 zone today. MAs now aligning higher, MACD histogram & signal line positive & rising, RSI 67.44 & rising, H1 ATR 0.243, Daily ATR 1.706.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 5th October 2022.

Market Update – October 5 – Stocks Leap 3%, USD & Yields Sink.


Trading Leveraged Products is risky

*USDIndex – Sank and descended into 110.00 as USD and Yields slipped (US 10yr @3.61%). JOLTS missed significantly (10.05m vs 11.24 last time), adding to hopes Fed may be on the cusp of moderating and possibly even ending rate hikes in coming months (the Fed Pivot). Stocks charged higher (NASDAQ+3.34%). The 5.7% start to Q4 2022 after two days is the best start to a new quarter since Q2 1938 (+8.7%). RBNZ confirmed expectations with a 50bp interest rate hike. NZD rallied. MUSK said TWTR (+22.4%) deal was back on at original $54.20 per share.
*EUR – A weak USD saw EUR storm through 0.9900 and rally to Parity at 1.0000. Trades at 0.9967 now.
*JPY – Reversed from 145.00 to as low as 143.60 trades at 144.00 now.
*GBP – Sterling continued to rally, despite more public disagreements within Government. Cable stalled short of 1.1500 at 1.1490. Cable now trades at 1.1460.
*Stocks – US stocks, leapt again, over 3%. US500 +112.50 (+3.06%) 3790. All sectors rallied significantly. Asian markets ahead, European futures flat ahead of open.



*USOil rallied again to $86.60 (9% in 2-days) ahead of OPEC+ meetings today with production cuts now “up to 2.0 million barrels per day”.
*Gold – spiked higher again holding the key $1700 and trades at $1725 now.
*BTC – rallied over the key $20k yesterday to $20.2k now.

Today EZ, UK & US Final PMIs, US ISM Services, ADP, OPEC, Speeches from Fed’s Bostic & UK PM Truss.



Biggest FX Mover @ (06:30 GMT) NZDCHF (+0.81%) Rallied from Monday’s low at 0.5500 to 0.5696 yesterday, remains resistance today. MAs now aligning higher, MACD histogram & signal line positive & rising, RSI 56.44 & rising, H1 ATR 0.00216, Daily ATR 0.84006.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 6th October 2022.

Market Update – October 6 – USD & Stocks Flat, Oil Rallies.


Trading Leveraged Products is risky

*USDIndex – Rallied from a test of 110.00 peaking at 111.50 following weak Services PMI data in UK & Europe, and a beat for US data; ADP (208k vs 200k) and ISM Services PMI (56.7 vs 56). Closed lower and trades under 111.00 now at 110.83. Fed’s Mary Daly says the Fed is resolute in raising rates to curb inflation and that market anticipation of interest-rate cuts next year is misplaced. Stocks closed flat, yields dipped again and Oil rallied following OPEC+ announcement. AUD Trade slipped and German Factory Orders tanked (-2.4% vs. -0.8%). Asian & European stocks are mixed following the stall on Wall St.
*EUR – A brief test of Parity at 1.0000, reversed all the way to 0.9833 before USD recovered and the pair trades at 0.9915 now.
*JPY – Rallied from lows yesterday at 143.60 and trades at 144.50 now.
*GBP Sterling remains volatile with the new PM under pressure. 260+ pip range yesterday, from 1.1495 to 1.1226. Cable trades at 1.1325 now.
*Stocks – US stocks, were heavy all day but closed flat (-0.2%), US500 -7.65 at 3783. TWTR -1.35%, TSLA -3.46% XOM +4.04%.



*USOil rallied again to $88.40 after OPEC+ agreed 2.0 million barrels per day production cuts, provoking major rebuke from the US.
*Gold – declined from initial test of $1725 yesterday before testing $1700 support and now back to $1725 again.
*BTC – dipped below the key $20k yesterday ,but now back to $20.2k.

Today EZ/UK Construction PMI, EZ Retail Sales, ECB Minutes, Weekly Claims & Speeches from Fed’s Waller, Evans, Cook & Mester and BOC’s Macklem.



Biggest FX Mover @ (06:30 GMT) NZDUSD (+0.84%) Rallied from yesterday’s low at 0.5660 to 0.5800 resistance today. MAs aligned higher, MACD histogram & signal line positive & rising, RSI 61.20 & rising, H1 ATR 0.00181, Daily ATR 0.01096.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 7th October 2022.

Market Update – October 7 – NFP Day – USD Remains on the Front Foot.


Trading Leveraged Products is risky

*USDIndex – Rallied again yesterday and trades over 112.00 (up 1.85% in 2-days) currently. The chorus of Fedspeak (Cook, Evans, Kashkari, Waller & Mester) all pushed the Hawkish tone. BOC’s Macklem also very Hawkish too. Weekly Claims rose to 219k from 190K but remain historically low. Fed Funds Futures now have an 85.5% chance of 75bp rate hike at Nov. 2 FOMC meeting. Stocks closed -1%, Yields rallied (10-yr 3.83% from 3.55% earlier in the week). Oil rallied again to $89.00, Gold slipped but holds $1700 and BTC is under $20K again. Japan published more mixed data, (Earnings and Leading Indicators up, Household Spending down). German Import Prices rose significantly, Retail Sales & Ind. Production missed. Asian & European stocks are lower following a weak Wall St. Biden says Putin’s nuclear threat biggest risk since Cuban Missile Crisis and that the US is reviewing ‘response options’ on Saudi relations after OPEC+.
*EUR – A brief break of 0.9900, reversed all the way to 0.9786 now. ECB remains pressured to take more decisive action as Energy crisis swirls and fractures with EU persist, despite the “Prague” accord, with Putin increasingly cornered.
*JPY – Rallied from lows yesterday at 144.50 to once again test the key 145.00 now. Japan’s foreign reserves fell by a record $54 billion in September, as the BOJ tried to defend the Yen.
*GBP Sterling sank another 240+ pips yesterday and is under pressure along with new PM Truss. From over 1.1350 to 1.1110 lows yesterday, Cable trades at 1.1340 now.
Stocks – US stocks, were heavy all day and close down (-1.01%), US500 -38.00 at 3744. TWTR -3.72%, TSLA -1.11% (Musk lawsuit dropped & deal to close 28/10, also said Pepsi will get first semi trucks in December). LEVI -3.92% (ahead of weak Earnings; -6.34% after hours). US FUTS at 3740.



*USOil rallied again to $89.00 after OPEC+ agreed 2.0 million barrels per day production cuts this week, provoking major rebuke from the US.
*Gold – declined from another test of $1725 yesterday before again moving back to $1710.
*BTC – dipped below the key $20k again today having tested $20.2k yesterday. Trades at 19.8k now.

Today US & Canadian Jobs reports, BOE’s Ramsden, Fed’s Williams, Kashkari, & Bostic.



Biggest FX Mover @ (06:30 GMT) GBPJPY (-0.25%) Continued to decline from 6-day high at 165.500 on Wednesday to test 161.00 yesterday and trades at 161.35 now. MAs aligned lower, MACD histogram & signal line negative & falling RSI 35.28 & falling, H1 ATR 0.359, Daily ATR 3.498.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 10th October 2022.

Market Update – October 10 – Dollar Remains Bid, Stocks Weighed.


Trading Leveraged Products is risky

*USDIndex – Rallied again following strong NFP data (263k vs 250k & Unemployment falling to 3.5% from 3.7%) on Friday and expectations of no FED pivot any time soon and unified central bank action. Trades at 112.80. Yields are firmer and stocks on the back foot. US CPI key this week. Putin reaction to Bridge attack potentially Nuclear, Xi Ping looks to cement more power for another 10 years and NK have simulated attacks on SK – all under-mining sentiment. US moves to curb US chip technology to China hits Chinese hi-tech companies. Asian (thin markets due to holidays and weak Chinese Service PMI data 49.3 vs 55.0) & European stocks are lower following the very weak close (NASDAQ -3.8% ) on Wall St.
*EUR – closed Friday at 0.9730, and trades at 0.9720 now.
*JPY – rallied Friday and again today spiked to 145.60 and holds over the key 145.00 now. Signs of more BOJ intervention.
*GBP – sterling sank again too, Cable back to 1.1075 with the pressure on new PM Truss showing no signs of waning.
*Stocks – US stocks, were extremely heavy on Friday and closed down –2.11% to -3.8%. US500 -105.00 at 3639. AMD -13.87%, TSLA -6.32%, NVDA -8.03%. US FUTS at 3635.



*USOil rallied again to $93.00 and trades at $92.20 now.
*Gold – declined again as strong USD and high Yields weigh, from $1710 on Friday ahead of NFP to $1685 now.
*BTC – also weighed by weak sentiment and a strong USD sank from 20k pivot on Friday to trade at 19.3k now.

Today EZ Sentix Index, Speeches from Fed’s Evans & Brainard, ECB’s Lane, US Columbus Day (Treasury markets closed).



Biggest FX Mover @ (06:30 GMT) GBPAUD (+0.64%) Continued to rally from Friday’s low at 1.7350 to test 1.7500 now. MAs aligned higher, MACD histogram & signal line positive & rising, RSI 66.52 & rising, H1 ATR 0.00347, Daily ATR 0.03100.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 11th October 2022.

Market Update – October 11 – Risk Off – Gilts lead Yields & USD Higher, Stocks, Gold & Oil Sink.


Trading Leveraged Products is risky

*USDIndex – Rallied again (113.40) as US moves to curb US chip technology to China hit Chinese hi-tech companies. UK GILTS lead US Yields higher. BOE – Widening the scope of its daily Gilt buying operations from 11-14 October. Cable tests 1.1000. Stocks remain on the back foot (-1%). Asian markets hit by US Chip move (TSMC -8.33% & $240b wiped off wider market value) & European FUTS lower. PUTIN reacts to bridge attack with attacks on 13 Ukraine cities further undermining confidence. RISK OFF Tuesday.
*EUR – trades as low as 0.9670, today under pressure from safe haven bid for USD.
*JPY – rallied as high as 145.85 today and the “BOJ intervention” levels of September 20-22.
*GBP – Sterling sank again too as UK Gilts rallied, Cable back to 1.0996 with the pressure on new PM Truss & Chancellor Kwarteng showing no signs of waning.
*Stocks – US stocks, were heavy again on Monday and closed down -1.04% to -0.32%. US500 -27.7 at 3612. AMD -1.08%, Ford -6.89%, NVDA -3.36%. US FUTS tested the key 3600 level on Monday and trades at 3613 now.



*USOil – declined into $90.00 from $93.00 highs as USD accrued and sentiment waned.
*Gold – declined again as strong USD and high Yields weighed, October lows of $1661 have been tested today.
*BTC – also weighed by weak sentiment and a strong USD sank under $19k to trade at $18.9k.

Today UK JOBS beat expectations, US IBD/TIPP, Speeches from ECB’s Lane, Fed’s Harker & Mester, BOE’s Bailey & Cunliffe, SNB’s Jordan, RBA’s Ellis, Astana Summit.



Biggest FX Mover @ (06:30 GMT) AUDUSD (-0.54%) Continued to decline as risk off took hold. Down to test 0.6250 today. MAs aligned lower, MACD histogram & signal line negative & falling, RSI 36.52 & falling, H1 ATR 0.00149, Daily ATR 0.01109.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 12th October 2022.

Market Update – October 12 – London still the centre of the storm.


Trading Leveraged Products is risky

*USDIndex – Dipped to 112.50 yesterday before reversing to 113.40, & 113.00 now. The UK’s new fiscal policy remains squarely under threat as BOE’s Bailey reiterated that the BOE “will be out of the market by the end of the week”. However FT report this morning that the BOE signalled privately to bankers it may extend Bond-Buying, after the weekend. Sterling pressured and Gilts remain fragile. US Stocks (NASDAQ -1.10%) closed down again, Asian markets lower (Hang Seng -1.04%) & European FUTS lower. Biden claims there will be no US recession, doubts Putin will use the nuclear option and that there needs to be a re-evaluation of Saudi relationship.
*EUR – trades over 0.9700 at 0.9725 from 0.9670 lows and 0.9770 highs yesterday.
*JPY – rallied through 146.00 today beyond “BOJ intervention” levels of September 20-22. Traded to 146.38 today.
*GBP – Sterling rallied and then reversed on Bailey comments to 1.0923 a new 10-day low, but retook 1.1000 following rally on FT article. Pressure on new PM Truss & Chancellor Kwarteng showing no signs of waning, more possible political U-turns.
*Stocks – US stocks, were mixed but biased lower on Tuesday and closed down US500 -0.65%, -27.7 and breaking 3600 at 3588. UBER -10.42%, LYFT -12.02%, AMGN +5.72%. US FUTS trades at 3628 now.



*declined into $88.40, back to $89.65 & capped at $90.00. Polish pipeline operator PERN says leak detected in Druzba oil pipeline.
*Gold – recovered from $1661-$1665 support zone to $1675 now but remains pressured.
*BTC – also weighed by weak sentiment and a strong USD sank to $18.8K yesterday trades at $19.1k now.

Today UK GDP (missed -0.3% vs. 0.1%) EZ IP, US PPI Final Demand, FOMC Minutes, G20 Finance Ministers’ meeting, Astana Summit, Speeches from BoE’s Haskel, Pill & Mann, ECB’s Lagarde, Fed’s Kashkari, Barr & Bowman.



Biggest FX Mover @ (06:30 GMT) NZDJPY (-0.77%) rallied from 80.70 lows yesterday to 82.00 today. MAs aligned higher, MACD histogram & signal line positive & rising, RSI 64.00 & rising, H1 ATR 0.236, Daily ATR 1.397.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 13th October 2022.

Market Update – October 13 – FOMC Minutes Remain Hawkish – CPI Today.


Trading Leveraged Products is risky

*USDIndex – Held 113.00 yesterday and again tested 113.44. Yields cooled from recent highs. (US 10yr at 3.902%). US PPI was hotter than expected (0.4% vs 0.2% & -0.1% prior). FOMC Mins. less Hawkish than many anticipated but far from indicating a pivot anytime soon. “Participants judged that a softening in the labor market would be needed to ease upward pressures on wages and prices.” and “emphasized the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action.”
*The UK’s new fiscal policy remains squarely under threat and the BOE’s Bond-Buying, beyond Friday is still being questioned despite BOE denials. Sterling recovered yesterday but Gilts remain very fragile. US Stocks closed flat, Asian markets lower (Hang Seng -1.13%) & European FUTS also flat.
*EUR – rotates through 0.9700, up from 0.9670 lows but unable to hold over 0.9720.
*JPY – rallied through 146.00 to new 24-year highs yesterday within a few pips of 147.00. 146.85 now.
*GBP – Sterling rallied from a new 11-day low at 1.0923 over 1.1000 to 1.1075. Immense pressure on new PM Truss & Chancellor Kwarteng to reverse tax cuts or face a major rebellion.
*Stocks – US stocks, were mixed but biased lower on Wednesday and closed down US500 -033%, -11.81 at 3577. MRNA +8.28%, PEPSI +4.18%, VLO +5.02%. US500 FUTS trades at 3586 now.



*USOil – declined again on global recession worries into $86.25, back to $87.15 now.
*Gold – remained range bound between $1665 support zone and $1675. Trades at $1668 now but remains pressured.
*BTC – also weighed by weak sentiment and a strong USD sank to $18.8K yesterday trades at $19.1k now.

Today German HICP confirmed at record 10.9% US CPI, US DoE, IEA OMR, Speeches from ECB’s de Guindos & BOE’s Mann.



Biggest FX Mover @ (06:30 GMT) GBPJPY (-0.30%) rallied from sub 160.00 lows yesterday to 163.25 highs today, before declining into 162.50. MAs declining now, MACD histogram & signal line positive but starting to decline, RSI 54.40 & declining, H1 ATR 0.305, Daily ATR 3.201.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 14th October 2022.

Market Update – October 14 – Wild, Wild Swings following US CPI, Risks in London Rise.


Trading Leveraged Products is risky

*USDIndex – Spiked to 113.80 following hot reading for CORE CPI and then reversed sharply into 112.20 as Stocks staged a record reversal (from -3% to +over 2%) on short covering, technical floors being tested and ? perhaps assumptions that the top is finally in for inflation (Headline fell for 3rd consecutive month). Yields also whipsawed, with at one point, all major maturities above 4%. (US 10yr closed 3.902% & the 2/10 year rate inversion {a sign of recession} sits at 51bp). 75 bp fro Nov 2 fully priced in, and a 71% chance of a further 75bp in December. (This will take hikes since March to 450 bp).
*The UK’s new fiscal policy remains squarely under threat as Chancellor Kwarteng returns from the IMF meetings a day early (last person to do that was the Greek Fin. Min. in 2011 and many are predicting a similar outcome both politically and economically). The BOE’s Bond-Buying programme ends today, uncertainty swirls as tax U-turns become priced in. Sterling rallied and then rallied again, but Gilts remain fragile. Asian markets follow Wall Street higher (Nikkei +3.25% Hang Seng +2.64%) & European FUTS also higher.
*EUR – rotated through 0.9700, down to 0.9632 before rallying to 0.9800.
*JPY – rallied to new 32-year (1990) highs at 147.67 and with no signs of BOJ action! Suzuki and Kishida remain committed to accommodative policy. Trades at 147.35 now.
*GBP – Sterling rallied from .1.1075 to over 1.1300 to 1.1375. Immense pressure on PM Truss & Chancellor Kwarteng to reverse tax cuts as successors are rumoured and the Tories are 30% behind in opinion polls.
*Stocks – Wall Street dove on the data given the jump in rates and as the market priced in greater risk for a hard landing. The NASDAQ plunged over -3.0%, with the S&P500 over -2.25% lower, and the Dow down almost -1.90% before turning around to end with solid gains. The Dow rallied to close with a 2.83% gain, a 1400 point round-trip, while the S&P 500 was up over 3% before ending with a 2.60% gain. US500 3577. BLK (assets tumbled but earnings beat)+6.58%, BAC +6.13%, NFLX +5.27%, APPL +3.36%. US500 FUTS trades at 3706 now.



*USOil – declined again on the CPI data & global recession worries into $85.51, before reversing sharply to $89.50 as USD weakened and risk aversion dipped.
*Gold – plunged to $1642 before recovering to trade at $1668 now but remains pressured.
*BTC – plummeted to $17.9K yesterday, trades at $19.8k now.

Today US Retail Sales, US University of Michigan Prelim Survey, Speeches from BOE’s Bailey, Fed’s George, Cook & Waller. Earnings from Wall Street banks JPM, Citi, MS Wells Fargo.



Biggest FX Mover @ (06:30 GMT) NZDJPY (-0.96%) rallied from sub 81.20 lows yesterday to 83.75 highs today. MAs aligned higher, MACD histogram & signal line positive & rising, RSI 70.00, OB & rising, H1 ATR 0.186, Daily ATR 3.201.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 17th October 2022.

Market Update – October 17 – Tug-of-war!


Trading Leveraged Products is risky

*USDIndex – steady at 112.90 following US inflation which reinforced bets of a 90.9% chance of a 75 basis point rate hike, and a 9.1% chance of a 100 bp increase in the Fed’s next meeting. Yields down, 10-year Treasury rate is down -4.1 bp at 3.977% and the German Bund future has corrected -6.3 bp, after the JGB rate corrected -0.3 bp to 0.24%.
GBP – Sterling rallied to 1.1300 on calls for PM Truss to resign and ahead of UK Chancellor announcement for tax and spending measures, 2 weeks earlier than scheduled, as he tries to stem a loss of confidence in the government’s fiscal plans. Truss said on Friday that corporation tax will rise to 25% from April 2023 instead of remaining it at 19% as part of her government’s initial “mini-budget”. Medium-term fiscal plan remains as scheduled on Oct. 31.
Daily Mail reported that: “British lawmakers will try to oust Truss this week despite Downing Street’s warning that it could trigger a general election.”
EUR – slightly up to 0.9735.
JPY – pinned to 32-year (1990) highs at 148.79 as markets await signs of intervention from Japanese authorities.
Stocks – Stock markets have remained under pressure overnight, after a weak close on Wall Street Friday, after inflation concerns were rekindled by a US survey showing the first rise in inflation expectations in a while. Still, US futures are higher and with a nearly 1% rise in the NASDAQ leading the way.
China and Hong Kong stocks fell after Chinese President Xi talked up national security, while dashing hopes of any changes in growth-hitting zero-COVID policies and property sector curbs. Xi called for accelerating the building of a world-class military, while touting the fight against COVID-19 as he kicked off the Communist Party Congress on Sunday by focusing on security and reiterating policy priorities. Greater emphasis on national security comes amid heightened geopolitical tensions. The biggest applause came when Xi restated opposition to Taiwan independence.



*USOil – holds support at $85.
*Gold – $1650.
*BTC – down for the day to $19214.

Today US Monthly Budget, BOC Outlook Survey. All eyes remain on UK though and the speech of Chancellor Hunt.



Biggest FX Mover @ (06:30 GMT) UK100 (+0.23%) rallied at EU open to 6907 but pulled back asap. MAs flattened, MACD histogram & signal line hold below 0, RSI 46 & falling, H1 ATR 19.84, Daily ATR 142.87.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 18th October 2022.

Market Update – October 18 – Stocks Rally; Pound Climbs; Truss Sorry.


Trading Leveraged Products is risky

*USDIndex gets softer, breaking 112.00 floor and currently at 111.70. Treasuries gained ground though pared the rally into the close, richened though underperformed Gilts and European bonds. Much of the impetus again came from across the Pond after new UK Chancellor Hunt confirmed a complete U-turn on the government’s fiscal plan. The bull steepener saw the curve at -44 bps from -48 bps Friday.
A weaker than expected Empire State index has added to beliefs the FOMC’s tightening is cutting into growth and will ultimately lower inflation, hence slowing rate hikes down the road.
*EUR – crossed 20-DMA and currently at 0.9850.
*JPY – at 149.10 for the first time since August 1990.



*Stocks – US100 paced the surge, jumping 3.43%, while the US500 climbed 2.66%, back above Support level at 3700 (20-DMA), with the US30 up 1.86%. The UK100 was up as much as 1.47% before gains were trimmed to 0.90%. Bank of America’s Q3 earnings beat expectations, attributed to “resilient” US consumers (share price +6%). JPMorgan Chase reported smaller than expected drop in profits.

*USOil – holds support at $85 amid softer USD and as Russia cuts supplies to Europe. – A weaker USD makes oil cheaper for non-US buyers.
*Gold – $1660.
*BTC – extends some gains from yesterday to $19534.
*UK Chancellor Hunt announced overnight the scrapping of plans to cut income tax indefinitely & the plan to reduce the entry level tax will be shelved. Cuts to dividend tax rates and tourist VAT will be reversed as well. At the same time, the UK will shorten universal energy support to April 2023 and instead the government will look into more targeted support measures. Hunt warned that more difficult decisions are coming on spending in order to get finances under control and restore market trust in the UK economy. So far it has worked as the Gilt yield plunged 35 bps to 2.83%, the FTSE climbed to 6920, and Cable tested 1.1439 before dipping back to 1.1327 at the close.
*The BOE is likely to delay the sale of 838 billions pounds of government bonds to encourage greater stability in gilt markets following Britain’s failed “mini” budget, the Financial Times reported on Tuesday.

Today US Monthly Budget and EU ZEW. Earnings: J&J, Lockheed Martin, Netflix, etc.



Biggest FX Mover @ (06:30 GMT) NZDUSD (+1.27%) topped to 0.5700 after hotter-than-expected CPI data. MAs aligned higher, MACD histogram & signal line extend northwards, RSI 71 but flattened. H1 ATR 0.00155, Daily ATR 0.0136.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 19th October 2022.

Market Update – October 19 – Inflation hasn’t disappeared.


Trading Leveraged Products is risky

*USDIndex steady below 20-DMA at 112.20. Yields are rising and the rally in stocks is petering out, although ASX and Nikkei still managed to post modest gains and futures are up across Europe and the US. The 10-year Treasury rate has lifted 4.4 bp to 4.05% though and the Bund yield is up 1.1 bp at 2.3%.
*EUR – holds Tuesday’s gains at 0.9830.
*JPY – at 149.42 and eyeing the psychologically important 1.50 mark.
*GBP – slightly below 1.1300 again. UK inflation higher than expected at 10.1% in September, versus 9.9% in August and compared to consensus expectations for a 10.1% y/y reading. RPI, still an important indicator for wage negotiations, lifted to 12.6% from 12.3%. Numbers will add to the arguments in favor of at least a 75 bp hike from the BoE in November.



*Stocks – Stocks surged at the open, rising over 2%, but closed with gains of 1.13% on the US30, 1.16% on the US500 (back over 3700), and 0.90% on the US100. Some decent earnings news and hopes for more of the same (Netflix beat in after-hours release) helped underpin.
*Netflix shares ticked up to the highest at $248.98 following results that beat consensus estimates: EPS: $3.10; Rev: $7.93B; Global Subscribers: +2.41 mil. The management ‘very optimistic’ regarding its new ad-supported plan. But later closed the day lower at $240.74.
*USOil – dropped -2.67% to $83.18 after the White House confirmed additional supply of 10 to 15 mln barrels will be released from the SPR and natgas tumbled -4.77% to $5.71, the lowest close since July 7.
*Gold – dropped to $1642.

Today EU HICP, BoC Inflation and US Housing Starts & Building permits.



Biggest FX Mover @ (06:30 GMT) XAUUSD drifted to 1637. MAs aligned lower, MACD histogram & signal line extend down, RSI 22 but flattened. H1 ATR 3.16, Daily ATR 26.11.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 20th October 2022.

Market Update – October 20 – 35th Anniversary Not Too Traumatic.


Trading Leveraged Products is risky

*USDIndex rallies to 113 but currently steady. Yields jump near the highs of the session, and indeed multi-year peaks, with some impetus from higher than expected inflation out of the UK and Canada. Ongoing hawkish Fedspeak kept bond bears in control too. The break of 4.10% on the 10-year added to the selloff, as did a disappointing 20-year auction and a hefty corporate calendar.
*Supply is pressuring the stock market with a corporate issuance and a 20-year auction hitting today. Lockheed Martin has a 5-tranche sale slated, including 3-, 5-, 10-, 32-, and 41-year maturities. Diageo Capital has a 3-, 5-, and 10-year offering on the calendar. Procter & Gamble and Nestlé reported lower sales volumes.
*Stocks – Stocks closed in red as the US100, the tech heavy index, finished with a -0.85% loss, and the US500 was off -0.67%, with the US30 down -0.33%.



*EUR – turns down to 20-DMA & below 0.9800.
*JPY – held below 150 as BOJ announces unscheduled bond buying as key yield broke ceiling ($667 million in government debt).
*GBP – under pressure at 1.1856. Britain’s interior minister Suella Braverman resigned criticising Liz Truss. This reflects the continued erosion of the PM’s authority after just weeks in the job. 1922 Committee meets today!
*USOil – climbed 3.55% to $85.76, ignoring the White House’s announcement of an additional 15 mln barrels of oil to be released from the SPR. Nat gas slumped another -5.24% to $5.44.
*Gold – extends lower! Currently at $1629 area.

Today EU Aug. current account, US Oct. Philly Fed index & Sep. existing homes. Earnings: Ericsson, ABB, Akzo Nobel, Nordea, Volvo, Danaher, Philip Morris, AT&T, Barclays etc.



Biggest FX Mover @ (06:30 GMT) EURCHF spiked to 0.9840. MAs aligned higher, MACD histogram & signal bullishly crossed, RSI 69 & rising. H1 ATR 0.00087, Daily ATR 0.00641.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 24th October 2022.

Market Update – October 24 – Mixed China Data, Sterling Rallies, Yen Whipsaws.


Trading Leveraged Products is risky

*USDIndex – Spiked down to 111.30 following more BOJ intervention as the JPY whipsawed and GBP rallied following the news that Boris Johnson will not run for PM again. USDIndex is now back to 112.00. Xi Jinping cemented power for a third 5-year term, Chinese data very mixed, GDP & Ind Production & Trade balance all big beats but Unemployment rises and Retail sales misses significantly. AUD & JPY Manu. PMI’s both missed. More Fedspeak over weekend shows signs that some may be looking to slow down rate hikes, possibly as early as the December meeting. Has cycle-high “Peak Dollar” been realised? Asian markets also very mixed following Chinese data, despite strong Wall Street close (Nikkei +0.51% Hang Seng -5.54%), European FUTS higher.
*EUR – rotated from 0.9700, lows on Friday to 0.9900 today as USD demand swung wildly.
*JPY – FT reported that BOJ bought $30 bln Yen on Friday as the pair hit 152.00, spiked to down to 146.00, before rallying to 149.50 again today and then further signs of BOJ action took the pair to 145.70 before once again recovering to 149.00 now.
*GBP – Sterling rallied from 1.1060 lows on Friday to close at 1.1300 and then rally to 1.1400 on open following Johnson news. Trades at 1.1360 now. A Sunak/Hunt combination the most acceptable to the markets, Gilts, Sterling and FTSE FUTS all higher.
*Stocks – Wall Street rallied on Friday (+2.37-2.47%) and had its best week (+4.74- 5.22%) in 4 mths. SNAP tanked -28.08% on worst Earnings in 5-years as Advertisers cut back (Pintrest -6.4%, META -1.6%) Weak earnings too from AMEX -1.67% & Verizon -4.46%) US500 3752 (+2.37%) US500 FUTS trades at 3766 now. Biggest week ahead for Earnings.



*USOil – from $83.00 lows on Friday to $85.51 highs today and now trades at $84.00.
*Gold – plunged to $1617 lows on Friday before recovering to $1670 peaks today and trades at $1654 now.
*BTC – plummeted to test $18.5K on Friday, spiked to $19.7k today before slipping back to $19.3k now.

Today EZ, UK, US Flash PMIs, UK Conservative Party Leadership Election (Sunak likely new PM).



Biggest FX Mover @ (06:30 GMT) GBPJPY (+1.11%) Johnson will NOT run – Sterling rallied from sub 165.500 lows Friday and again today to 169.75 highs. MAs aligned higher, MACD histogram & signal line positive & rising, RSI 57.50 & rising, H1 ATR 1.117, Daily ATR 3.005.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 25th October 2022.

Market Update – October 25 – Stocks Higher, USD lower, Sunak new UK PM.


Trading Leveraged Products is risky

*USDIndex – Tested down to 111.50 and remains below 112.00. PMI data was weak across the globe, falling further into contraction, this added to the sentiment that the FED may be able to cool aggressive interest hikes in December, lifting stocks (save Chinese tech companies) and weighing on yields. Riski Sunak, set to become new UK PM lifted, GBP, Gilts & UK100. Asian markets hit 2.5 year lows but recovered on back of positive Wall Street close (Nikkei +1.02% Hang Seng +0.5%), European FUTS also higher.
*EUR – rotated from 0.9800, lows yesterday back to 0.9900 today, trades at 0.9870 now ahead of ECB on Thursday.
*JPY – Friday and early Monday volatility cooled through the US & Asian sessions with the pair now pivoting at 148.85, again ahead of the BOJ rate announcement later this week.
*GBP – Sterling rotates around 1.1300 ahead of former UK Fin. Minister, Rishi Sunak, becoming the youngest UK PM in modern history and the first British Asian.
*Stocks – Wall Street rallied again yesterday (+0.86-1.34%) SNAP recovered +7.09% after Fridays drumming, (Alibaba -12.4%, Tencent -14.6%, JD.com -13.02%) HSBC & UBS both beat expectations today. US500 3797 (+1.19%) US500 FUTS trades at 3810 now. Biggest week ahead for Earnings.



*USOil – from $83.00 lows again yesterday to test $85.00 today, Oil markets remain prone volatile newsflow.
*Gold – rotates through $1650. Recent lows at $1620 remains support and $1665 resistance.
*BTC – $19.5K was tested again yesterday and remains resistance, with $19.2K support so far, this week.

Today German Ifo Survey, Australian Federal Budget, US Richmond Fed, BoE’s Pill. EARNINGS – Alphabet, Microsoft, GM, UPS, GE, Raytheon, Coca-Cola, 3M, Visa, and more.



Biggest FX Mover @ (06:30 GMT) NZDCAD (+0.37%) Collapsed from 0.7880 to 0.7765 yesterday but has recovered to 0.7830 today, next resistance 0.7850. MAs aligned higher, MACD histogram & signal line positive & rising, RSI 54.90 & rising, H1 ATR 0.00121, Daily ATR 0.00935.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 26th October 2022.

Market Update – October 26 – More Bad News is Good News, USD Slips, Stocks Rise & Yields Cool.


Trading Leveraged Products is risky

*USDIndex – Slumped to under 111.00 to 110.75. Weak Housing, the Richmond Manu. Index and Consumer Confidence, added to the outlook, initiated on Friday that rapid rate rises are beginning to have an impact and thus Fed funds futures continue to pare expectations for the terminal rate. From a 5.1% rate as soon as March early last week, implied rates have eased and are showing a 4.88% rate in May, 4.73% in September and hitting 4.50% by December.
*Stocks rallied (NASDAQ +2.25%) for a third consecutive day and weighing on yields but US10yr still holds over 4.0%. Rishi Sunak confirmed as new UK PM, lifting GBP, Gilts & UK100. MSFT & Alphabet both missed Earnings after hours. Asian markets hit 2.5 year lows again but remain positive. (Nikkei +0.80% Hang Seng 0.86%), European FUTS also higher. AUD CPI hit a 32-yr high at 7.3%.
*EUR – leaped over 100 pips from 0.9850, lows yesterday to 0.9978 now ahead of an expected 75 bp rate hike from the ECB on Thursday.
*JPY – Cooled from yesterday’s pivot at 148.85, through 148.00 to 147.85 now, again ahead of the BOJ rate announcement later this week.
*GBP – Sterling rallied strongly (over 230 pips) yesterday to test the key 1.1500 psychological level as Sunak became PM and ruthlessly implemented his own cabinet.
*Stocks – Wall Street rallied again yesterday (+1.07-2.25%) SNAP a further +15.52% after Fridays drumming, TSLA +5.29% & TWTR +2.45%, (Musk said the deal to be done by Friday). MSFT & GOOGL both -6.75% after hours. US500 closed at 3859, FUTS trades at 3830 now.



*USOil – from $83.00 lows again yesterday to test $85.50 after inventories showed draw downs, back to $84.70 now.
*Gold – dipped to $1640, yesterday before breaching $1660 to test $1665 resistance.
*BTC – rallied from $19.2k support to breach the important $20k to trade at $20.1k now.

Today EZ M3, US New Home Sales, BOC Announcement. EARNINGS – Meta, Boeing, BASF, Deutsche Bank (beat), Mercedes-Benz (profits significantly higher), Standard Chartered (beat) Barclays, and more.



Biggest FX Mover @ (06:30 GMT) AUDUSD (+0.56%) Rallied from 0.6300 yesterday to 0.6435 now following surprise rise in AUD CPI, next resistance 0.6450. MAs aligned higher, MACD histogram & signal line positive & rising, RSI 72.82, OB but still rising, H1 ATR 0.00165, Daily ATR 0.01100.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 27th October 2022.

Market Update – October 27 – USD Lower, BOC Surprise, META & Samsung Miss.


Trading Leveraged Products is risky

*USDIndex – Slumped to under 110.00 to 109.40. US new home sales dropped -10.9% in September, in line with expectations and BOC surprised markets with only a 50bp interest rate hike to 3.75%. Macklem had suggested more concern over risks from higher inflation following the rise in the latest CPI data. However, it will continue to tighten, sees terminal rate at 4.5%, there is still “excess demand,” in the economy and that a technical recession is just as likely as modest growth, cutting 2022 growth forecast to 3.3% from 3.5%, 2023 to 0.9% from 1.8%, and 2% in 2024 from 2.4%.
*Stocks sank (NASDAQ +2.25%) underperformed. Poor earnings and guidance from big tech (Google plunged -9%), and then Meta (-5.6%) missed and sank -20% after hours, wiping $67 billion off its market cap. Concerns over Apple and Amazon today. Asian markets rose initially but closed mixed. (Nikkei –0.32%, Hang Seng 1.60%), European FUTS also mixed. AUD imports prices 3 x higher than expected, but German GfK Consumer Climate not as bad as expected.
*EUR – leaped over parity 1.0000, land topped at 1.0093 earlier, now ahead of the ECB at 12:15 GMT.
*JPY – Cooled again, under 146.00 to 145.40 lows, ahead of the BOJ rate announcement later tomorrow. Friday’s pre-BOJ intervention peak took the pair to 152.00.
*GBP – Sterling rallied again (another 150+ pips) yesterday to test 1.1600 and trades to 1.1645 today. UK’s mid-term Fiscal statement was postponed from Monday to Nov. 17 as Gilts continue to recover with tax rises and spending cuts expected.
*Stocks – Wall Street were mixed with big moves for Tech stocks in particular. US500 closed -28.5 (-0.74%) at 3830, FUTS trades at 3850 now.



*USOil – rallied from $84.35 lows again yesterday to test $88.40 after inventories showed draw downs, back to $87.60 now. IEA Oil Inventories – big build 2.588M vs 1.029M.
*Gold – weaker USD helped a rally to $1675, yesterday before moving back to $1662 now.
*BTC – rallied again to test $21.0k, back to $20.7k now and holding the important $20k.

Today ECB Announcement & President Lagarde’s PC, US Quarterly PCE Advance, GDP Advance and Durable Goods. EARNINGS – Amazon, Apple, Intel, Caterpillar, McDonalds, Gilead, AB InBev, Credit Suisse, (in-line), Deutsche Lufthansa, and more.



Biggest FX Mover @ (06:30 GMT) GBPJPY (-0.71%) Tank from over 170.00 yesterday to 168.80 now. MAs aligned lower, MACD histogram & signal line negative & falling, RSI 28.05, OS but still falling, H1 ATR 0.299, Daily ATR 2.762.



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE  to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE  to register for FREE!

Click HERE to READ more Market news. 

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.