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[QUOTE="HFM, post: 251955, member: 46567"] [B]Date : 10th June 2022. Market Update – June 10 – Stocks Tank & Yields Rise ahead of US CPI. USD[/B] moved higher ([B]USDIndex[/B] 103.10), [B]Stocks[/B] TANKED into close ([B]NASDAQ[/B] -2.75%, Dow -600 pts & S&P close to -100 pts) Futures steady. [B]ECB[/B] cut growth and raised inflation forecasts, confirmed end of PEPP and 25bp rate hike in July (some wanted 50bp) & 25bp in Sept. (the caution weighed on EUR). [B]Yields [/B]rallied (US 5yr & 10yr back over 3.00%, 2yr at 2.84%), Asian markets have mostly slipped, ([B]Nikkei[/B] -1.49%). [B]Yellen[/B] inflation a serious problem “what I am focused on”. [B]Goldmans[/B] & [B]Deutsche[/B] now expect 2 x 50bp hikes from ECB in Sept & Oct and RTS poll sees the same from FED (bring it to 4 x 50bp hikes). [B]Oil[/B] slips but holds on to gains, [B]Gold[/B] remains pressured by rising yields. [B]NZD[/B] bid overnight. [LIST] [*][B]USDIndex[/B] rallied to 103.33 apost ECB and ahead of US CPI today. [*][B]Equities[/B] – [B]USA500[/B] -98 (-2.38[B]%[/B]) at [B]4017[/B], US500FUTS at [B]4025 [/B]now. [B]AMZN[/B] –4% [B]BABA[/B] +-8.13%, NFLX -4.96%, APPL -3.60% GOOGL -2%, MRNA -9.76% [*][B]Yields[/B] 10-year yield higher (3.064% at close), trades at [B]3.055%[/B] now. [*][B]Oil & Gold [/B]had weaker sessions – [B]USOil[/B] slipped but holds over $120.00 handle, [B]Gold[/B] sank as Yields rallied from over $1855 to $1845 now. [*][B]Bitcoin [/B]continues to pivot around $30K. [*][B]FX markets[/B] – [B]EURUSD [/B]down at 1.0630, from a spike to 1.0770, [B]USDJPY [/B]tested 134.50 zone (24-yr high) and holds [B]134.00, Cable[/B] trades down at 1.2500, from 1.2550. [/LIST] [B]Overnight – [/B]PPI in [B]Japan [/B]missed (9.1% vs 9.9%) but remains high[B],[/B] [B]China[/B] CPI missed (2.1% vs 2.2%) & PPI in line 6.4% & down from 8% last month (Shanghai lockdowns) [B]Today – US CPI, [/B]Canadian Jobs Report[B], [/B]US University of Michigan (Prelim.) & Speech from ECB’s [B]Lagarde. Biggest FX Mover[/B] @ (06:30 GMT) [B]NZDUSD[/B] (+0.54%). Moves higher from 0.6380 to 0.6420, as NZD gets a bid in the Asian session. Next key resistance 0.6450. MAs aligning higher, MACD histogram negative but turning higher, RSI 54 & rising, H1 ATR 0.0011, Daily ATR 0.0068. [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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