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[QUOTE="HFM, post: 268976, member: 46567"] [B]Date : 6th September 2022. Market Update – September 6 – Eyes on the deepening EU energy crisis.[/B] [LIST] [*][B]USDIndex – [/B]pulled back to 109.60 but still highlighting that the USD remains the haven asset of choice for now. Yields are on the rise again and stocks are struggling as the US returns from the holiday and markets keep a close eye on the deepening energy crisis in Europe and China’s Covid situation as the ECB meeting on Thursday comes into view. US 10-year rate at 3.24% 5.3 bp higher than on Friday. [*][B]EUR[/B] – weaker than expected German orders numbers at the start of the session, only added to signs that Europe is heading for a recession but EUR trades at 0.9957 now. [*][B]JPY[/B] remained under pressure and USDJPY lifted to 24-year highs at 141.20. [*][B]GBP [/B]at 1.1587 after on Monday near its weakest level in decades in a sign of faltering investor sentiment in UK markets as Liz Truss prepares to take the reins as prime minister. [*][B]AUD[/B] -RBA raised rates by 50 bp and signalled further rate hikes to come but noted that it is not on a pre-set path. AUDUSD is below 0.68 following a spike to 0.6832. [*][B]Stocks – GER40[/B] & [B]UK100[/B] futures are down -0.2% and -0.3% respectively. Asian markets traded narrowly mixed. [*][B]Oil[/B] at [B]$88.75.[/B] OPEC+ announced an output cut of 100K barrels per day and amid signs that a revival of Iran’s nuclear deal has run into difficulties. [*][B]Gold[/B] – rose to [B]$1726.80.[/B] [/LIST] [B]Overnight – RBA raised rates by 50 bp & weaker than expected German factory orders. Today –[/B] UK Industrial and Manufacturing Production and Trade Balance, US ISM Services PMI. [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]GBPJPY[/B](+[B]1.14%[/B]). Spiked to 1-month peak at 163.80. MAs aligning higher, MACD histogram positive & signal line rising, RSI 83, H1 ATR 0.3130, Daily ATR 1.28. [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 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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