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[QUOTE="HFM, post: 257041, member: 46567"] [B]Date : 6th July 2022. Market Update – July 6 – Dollar Dominates on Global Recession Fears. USD[/B] moves to 20-year highs ([B]USDIndex[/B] 106.34), US [B]Stocks[/B] fell 2% on open but closed positively ([B]NASDAQ[/B] +1.75%). Global PMI data overall in line. European markets fell 2%+ & Asian markets are negative ([B]Hang Seng[/B] -2.38%, [B]Nikkei[/B] -1.2%). [B]Yields[/B] closed down -2.77%. [B]Oil[/B] tanked -8.2% trading under $100, [B]Gold[/B] closed under $1765 & [B]BTC[/B] rotates at $20k. [B]EUR [/B]fell to new 20-year lows with parity in sight. Heavy fighting in [B]Donetsk[/B] adds to the sombre mood. UK PM lost two cabinet ministers adding to woes for [B]Johnson[/B] and [B]Sterling.[/B] [LIST] [*][B]USDIndex[/B] tested 106.55 and remains on Bid at 106.25 now. [*][B]Equities[/B] – [B]USA500[/B] closed +6.0 ([B]3831)[/B], after a weak day, US500FUTS at [B]3818 [/B]now. [*][B]Yields[/B] 10-year yield lower, closed at [B]2.808%[/B] , trades at 2.802% now. [*][B]Oil & Gold [/B]had weak sessions – [B]USOil[/B] tanked under $100.00 to $97.30 lows, back at $100 now. [B]Gold[/B] fell to 1762 earlier, 1768 now. [*][B]Bitcoin [/B]continues to trade around [B]$20K,[/B] testing $20.1K today. [*][B]FX Markets[/B] – [B]EURUSD [/B]remains pressured at 1.0260, [B]USDJPY [/B]rallied from under 135.00 to 135.80 now. Cable trades at 1.1932 now. [/LIST] Overnight[B] – German Factory Orders [/B]better at 0.1% from -1.8%. [B]Today – [/B]EZ Retail Sales, US ISM Services PMI, [B]FOMC Minutes[/B], Speeches from Fed’s Williams & BoE’s Pill. [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]CADJPY [/B](-0.42%). CAD JPY weaker today. Fell from allied from under 106.00 Tuesday to 103.50 today before recovering. MAs aligning lower, MACD histogram neagtive but flat, RSI 41.00 & rising, H1 ATR 0.291, Daily ATR 1.378. [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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