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[QUOTE="HFM, post: 263907, member: 46567"] [B]Date : 11th August 2022. Market Update – August 11 – USD & Yields tank, Stocks rally as US CPI cools. USDIndex [/B]tanked to [B]104.50[/B] from [B]106.20, [/B]before recovering[B],[/B] [B]Yields [/B]& the[B] VIX [/B]dropped to 4 mth lows and[B] Stocks [/B]rallied [B](NASDAQ [/B]+2.89%, now +20% from June lows)[B]. Cooler US CPI[/B] 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, ([B]Hang Seng[/B] +2.08%, [B]Nikkei[/B] closed). European FUTS also higher. [B]Oil[/B] pushed up to the $92 handle, [B]Gold[/B] sank to $1786 and [B]BTC[/B] moved higher again to breach $24K area. [B]Fedspeak – voiced caution – Kashkari [/B]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, [B]Evans[/B] (centrist sees rates at 3.4% by December and [B]Daly[/B] “not anywhere near done with inflation battle”. [B]Cleveland Fed[/B] – “inflationary pressures remain broad based”. [LIST] [*][B]USDIndex[/B] plunged -1.6% as broad based USD selling took hold. More hawkish Fed comments helped lift the index to [B]105.20[/B] now. [B]AUD [/B]underperformed in Asian session. [*][B]Equities[/B] – [B]USA500[/B] closed up 87.77pts (+2.13%) ([B]4210)[/B], US500FUTS at [B]4227 [/B]now. [B]DIS[/B] 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%+. [*][B]Yields[/B] 10-year yield sank but recovered to 2.78% at close. The 2/10yr. yield curve also remained firmly inverted at 43.8 bp. [*][B]Oil – [/B]rallied to test 200-hr MA at $92.00, holds the zone now. [*][B]Gold – [/B]rallied & spiked to [B]$1800[/B] resistance again before declining back under to support at $1788, 20-day MA now $1766. [*][B]Bitcoin [/B]has surged to $24.5K now from $22.6k lows yesterday. [*][B]FX Markets[/B] – [B]EURUSD [/B]breached 1.0350 trades at [B]1.0300,[/B] [B]USDJPY [/B]tanked from [B]135.00 [/B]pivot to [B]132.00[/B] back to 132.70 now and [B]Cable[/B] did the same rallying from 1.2080, pivot to [B]1.2260[/B] resistance & back to 1.2215 now. [/LIST] [I]8.5% y/y.[/I] [B]Today –[/B] US Weekly Claims & [B]PPI[/B], IEA OMR, OPEC MOMR, Banxico Policy Announcement. [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]NZDCHF [/B]([B]+0.51%[/B]). 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. [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 Head 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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