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[QUOTE="HFM, post: 246025, member: 46567"] [B]Date : 13th May 2022. Market Update – May 13 – USD dominates, Stocks lick their wounds. USD[/B] holds at highs following [B]hot CPI & PPI[/B] data but with signs the peak may have been reached. [B]Stocks[/B] stalled their recent declines, closing flat in the US and bouncing in Asian markets ([B]Nikkei[/B] [B]+2.6%[/B]), [B]Yields[/B] climbed as risk appetite improved, [B]Fed Chair Powell[/B] still flagged half-percentage point interest rate increases at the next two policy meetings, adding that the Fed is [B]“prepared to do more!” [/B]and that stable prices are the[B] “bedrock” [/B]of the economy but it will cause [B]“some pain”. Oil[/B] continued to rally on supply concerns whilst [B]Gold[/B] dipped to within $10 of [B]$1800[/B]. [B]Kuroda[/B] maintains dovish guidance even as Inflation moves higher, [B]Russia[/B] threatens “technical retaliation” as [B]Finland[/B] seeks [B]NATO[/B] membership, [B]Sweden[/B] to follow? [B]Putin[/B] “humiliating himself on the world stage” – UK Foreign Sec. [B]Truss.[/B] [LIST] [*][B]USDIndex[/B] rallied to within 5 ticks of [B]105.00 [/B]and remains at 20-year highs at [B]104.75[/B] up from 103.60 last Friday. [*][B]Equities[/B] – [B]USA500[/B] -5.10 ([B]0.25%[/B]) at 3930, US500FUTS at [B]3955 [/B]now. [B]COIN[/B] +8.9%,[B] TSLA[/B] -0.82%, ([B]Musk[/B] would not back [B]TRUMP[/B] in 2024). [B]APPLE[/B] -2.69%, GM -4.59%. [*][B]Yields[/B] rallied, 10-yr closed at [B]2.817%, [/B]significantly below key [B]3.00% [/B]level. Trades up at [B]2.89%[/B] [*][B]Oil & Gold [/B]both had weak & volatile sessions – [B]USOil[/B] rallied to test [B]$108.00 [/B]earlier today from [B]$98.00[/B] on Wednesday. [B]Gold[/B] slump continued with a test of [B]$1810 [/B]on open today from highs this week at [B]$1885, [/B]struggles at [B]$1822[/B] now. No safe-haven bid. [*][B]Bitcoin[/B] languishes at [B]$30K[/B] now, but up from [B]$26.5k. [/B]6th consecutive week lower. [*][B]FX markets[/B] – [B]EURUSD [/B]up from [B]1.0355[/B] to [B]1.0400, parity[/B] calls rising.[B] USDJPY [/B]dived from [B]130.00, [/B]to [B]127.50[/B] yesterday now back to [B]128.70 [/B]and [B]Cable[/B] continues to struggle at [B]1.2335. AUD[/B] again outperformed in Asia. [/LIST] [B]Overnight – [/B]JPY Money Supply better than expected & French M/M CPI in-line at [B]0.4%. Today – [/B]US Export/Imports Prices, UoM (Prelim.) data, Speeches from ECB’s Schnabel, de Guindos & Fed’s [B]Kashkari. Biggest FX Mover[/B] @ (06:30 GMT) [B]AUDJPY[/B] (+0.74%) Rallied from lows at 87.30 yesterday as risk appetite raised it’s head to [B]89.00[/B] ( and next resistance) earlier. Now back to 88.55. MAs aligning higher, MACD signal line & histogram moving higher & testing 0 line, RSI 48 & rising, H1 ATR 0.346, Daily ATR 1.67. [B]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.[/B] 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. [B]Stuart Cowell HF Market Analyst HFMarkets Disclaimer:[/B] 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. [/QUOTE]
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