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[QUOTE="HFM, post: 270621, member: 46567"] [B]Date : 14th September 2022. Market Update – September 14 – Inflation IS Sticky – Risk Off.[/B] [LIST] [*][B]USDIndex – Exploded higher[/B] (to[B]110[/B])ending a 4-day dip. US CPI much hotter than expected. Fed Funds Futures – a 34% chance of 100bp – from 0% this time yesterday. [B]Inflation may still have peaked but it is NOT receding as quickly as some expected,[/B] Inflation is ALWAYS sticky and often takes longer to get under control. [*][B]EUR[/B] – Trades at 0.9980 now from a test of 0.9950 yesterday, [B]1.0000[/B] resistance. [*][B]JPY[/B] BOJ apparently conducting rate checks ahead of intervention. USDJPY hit [B]145.00[/B] yesterday from 142.00 and trades at 143.75 now following the BOJ chatter. [*][B]GBP t[/B]raded over [B]1.1700 [/B]yesterday ahead of the US data, but tanked under [B]1.1500[/B] to 1.1485 and holds at 1.1500 now. [*][B]Stocks[/B] US stocks had their worst day since June 2020 ([B]S&P500 -4.32% [/B]177pts [B]3932[/B]) FUTS trade at 3940. [B]NASDAQ[/B] worst performer (-5.16%) Asian stock markets down over -2.5%, with European FUTS showing some resilience (-0.4%). [*][B]USOil[/B] topped at $89.00 again on Tuesday, crashing to the key $85.00 level before recovering to $87.00 now. 20-day moving average sits at $89.00. [*][B]Gold[/B] – also tested lower under [B]$1700[/B] from $1730 and holds at $1700 now. [*][B]BTC – [/B]slumped from [B]$22.7 [/B]highs to $19.8k and holds at $20.2k now. [/LIST] [B][U]Overnight & Today[/U] – UK inflation[/B] a tick lighter at 9.9% vs 10.0% & 10.1% last month, [B]US PPI,[/B] New Zealand GDP, [B]Speeches from European Commission State of Union Address[/B] & ECB’s Lane. [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]AUDJPY [/B](-0.87%) The BOJ gossip and risk off mood has lifted safe haven YEN. Collapsed under 98.00, 97.00 & 96.50. MAs aligning lower, MACD histogram & signal line negative & falling, RSI 20.85 & OB, H1 ATR 0.241, Daily ATR 0.972. [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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