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[QUOTE="HFM, post: 256833, member: 46567"] [B]Date : 5th July 2022. Market Update – July 5 – USD Hold Gains, RBA Acts, Stocks Steady. USD[/B] holds at highs ([B]USDIndex[/B] 104.85), [B]Stocks[/B] closed higher in Europe and hold gains in Asia with US FUTS higher too. [B]Yields[/B] are flat but off recent lows. Asian markets buoyed by positive Yellen-Liu He meeting, prospect of Chinese & Australian Fin. Min. meeting this week and better PMI data from [B]Japan[/B] & [B]China, [/B]all despite action from the RBA. Covid concerns continue to weigh ([B]Hang Seng[/B] +0.07%, [B]Nikkei[/B] +1.04%) [B]Oil[/B] ticks to $110, [B]Gold[/B] holds over $1800 & [B]BTC[/B] regains $20k. [B]JPY [/B]underperforms in Asian. [B]RBA[/B] raises rates in line with expectations by 50bp to 1.35%. [LIST] [*][B]USDIndex[/B] tested 105.00 Monday before slipping back to 104.85 now. [*][B]Equities[/B] – [B]USA500[/B] closed +39 ([B]3825)[/B], Friday US500FUTS higher at [B]3854 [/B]now. [*][B]Yields[/B] 10-year yield lower, closed down Friday at [B]2.889%[/B] , trades at 2.880% now. [*][B]Oil & Gold [/B]had mixed sessions – [B]USOil[/B] rallied to $110.40 earlier from $108.00 Monday. [B]Gold[/B] holds between resistance at $1815 and support at $1800, trading at $1808 now. [*][B]Bitcoin [/B]continues to trade around [B]$20K,[/B] testing $20.3K today. [*][B]FX Markets[/B] – [B]EURUSD [/B]remains pressured at 1.0430, [B]USDJPY rallied [/B]to 136.30 earlier from under 135.00 Monday. [B]Cable[/B] trades at 1.2110 now. [/LIST] Overnight[B] – China Services PMI’s better at [/B]54.3 vs 47.3, [B]Japanese Service PMI[/B] also improve at 54.0 vs 52 last time. [B]Today – [/B]EZ/UK Services and Composite Final PMIs, US Factory Orders, BoE Mins. & FSR, Speeches from BoE’s [B]Bailey[/B] & Tenreyro. [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]EURJPY [/B](+0.54%). JPY weaker today. Rallied from under 140.00 Thursday to 142.20 now, next resistance, 142.75 & 143.00. MAs aligning higher, MACD histogram positive & rising, RSI 66.00 & rising, H1 ATR 0.212, Daily ATR 1.402. [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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