Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Make Money Online
Forex
Hotforex.com - Market Analysis and News.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="HFM, post: 250622, member: 46567"] [B]Date : 3rd June 2022. Market Update – June 3 – Wild Swings Continued. Trading is rather directionless this morning in the lead up to the jobs data. USD[/B] moved lower ([B]USDIndex 101.70[/B]). [B]Stocks extended gains overnight (NASDAQ +2.69%) [/B]and Treasuries bounced from red to green and back again. Asian markets managed pretty broad gains, with tech stocks still outperforming after they led yesterday’s rally on Wall Street ([B]Nikkei +1.2%[/B], [B]ASX +0.9[/B]%) with China & HK closed today. European FUTS are lower (Italy, Spain & France closed & UK closed until Monday). [B]Treasury announced a $96 bln package of coupon auctions[/B] for next week. Yesterday’s data showed strength in jobless claims and weakness in ADP private payrolls and factory orders. [LIST] [*][B]USDIndex[/B] pulled back to [B]101.70[/B], reverting all the gains from Wednesday. [*][B]Equities[/B] – [B]USA500[/B] (+[B]1.84%[/B]) at [B]4189[/B], while the [B]USA30[/B] was [B]1.33%[/B] firmer. The [B]GER40[/B] future is up [B]0.8%[/B] while US futures are looking more cautious as key US payroll numbers come into view. [*][B]Yields[/B] 10-year rate was up 0.5 bps to[B] 2.91%,[/B] with the 2-year 0.2 bps lower at [B]2.64%.[/B] [*][B]Oil[/B] – [B]USOil[/B] spiked to [B]$116.27[/B] before correcting to [B]$114.60[/B] now, following the bullish EIA inventory report that overshadowed the boost in production announced by OPEC+ in July and August, only to tumble on reports OPEC+ was considering excluding Russia from production quotas which suggested increased output from Saudi and the UAE to make up for the loss. [*][B]Gold[/B] rallied to[B] $1874.[/B] [*][B]Bitcoin back [/B]above [B]$30k.[/B] [*][B]FX markets[/B] – USDIndex is slightly lower, [B]EURUSD [/B]managed to move up to [B]1.0755,[/B] [B]USDJPY [/B]is still holding close to [B]130.00, Cable[/B] is at [B]1.2574[/B]. [/LIST] [B]NOTE[/B]: [B]NFP[/B] is unlikely to make any difference in terms of the Fed – but the labor [B]market into Q3 will be an important determinant for the FOMC.[/B] Meanwhile, the markets continue to [B]vacillate on risk-on, risk-off flows, and waver on inflation/growth[/B] uncertainties, as well as the outlook for the responses from key central banks, while volatility in energy and the ongoing distortions from supply chains also continue to impact. [B]Today – [/B]EU Retail Sales,[B] US NFP[/B], ISM Services PMI and Speech from Biden. [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]Cocoa [/B]([B]-1.55%[/B]) dipped to 50-period SMA at [B]2470 [/B]from [B]2537.[/B] MAs aligning lower, MACD lines decline but hold above 0, RSI 46 but pointing higher, H1 ATR 19.07, Daily ATR 51.92. [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]Andria Pichidi 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]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Make Money Online
Forex
Hotforex.com - Market Analysis and News.
Top