Hotforex.com - Market Analysis and News.

Date : 17th November 2022.

Market Update – November 17 – “Recession is a threat”.


Trading Leveraged Products is risky

Recession is a threat, as suggested by the inverted yield curve, and some recent earnings reports, including Target today, reflect the various headwinds hitting the economy. Geopolitical risks from Ukraine are lingering too.


*The USDIndex’s steady 106.25 after ranging from 105.34 to 107.10. (heavy data calendar saw stronger than expected retail sales, weaker than forecast industrial production, with a further big drop in the NAHB) Yields close lower with, 10-year yield down 13 bps at 3.669%, after a high of 3.84%. The 30-year was 12.5 bps lower at 3.837%. The curve inversion deepened further to -68 bps, not seen since early 1981. Stocks
*Fed’s Waller: “more comfortable considering stepping down to a 50 bp hike“. But he added he will not be making that decision until he sees more data. Waller has been one of the most hawkish on the FOMC so these remarks are significant. VS Fed Daly repeated a pause in hikes is off the table for now and reiterated Chair Powell’s comment that it is not even a point of discussion currently, in a CNBC interview.
*EUR – choppy at 20-day SMA. Bloomberg source story effectively confirmed that the ECB will slow its tightening cycle and deliver a 50 bp move in December.
*JPY – holding below 140, but there is speculation that the correction in the dollar is running out of steam
*AUDUSD holds gains above 0.6700 – Australia’s unemployment rate unexpectedly declined to 3.4%, employment lifted to a record high and part time employment declined. More signs of a tight labour market that will add to inflation concerns, especially after higher than expected data on wage growth yesterday.



*Stocks –Wall Street ended in the red with weakness concentrated in the US100 and the US500 following a very poor earnings report from Target. Nikkei and ASX closed narrowly mixed. PBOC warned that inflation may go higher as demand pickes up, with Hong Kong tech stocks most hit, by comments that dented hopes of further sizeable support from the central bank and Beijing officials for the economy. GER40 and UK100 are up 0.4% and 0.1% respectively.
*USOil – Energy weighed on the USOIL prices fell -1.88% to $85.29.
*Gold – drifted to $1760 on USD strength and pick up of Treasury yields.

Today – UK Autumn Statement, US Housing Stats & Building Permits.



Biggest FX Mover @Palladium -0.90% (06:30 GMT) drifted to 2017 but rebounded this morning. MAs aligning flattened, MACD lines remain negative & RSI at 44 indicating that bearish bias holds. H1 ATR 11.64, Daily ATR 100.72.

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.

Click HERE to access the full HFM Economic calendar.

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. Click HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: 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.

Date : 18th November 2022.

Market Update – November 18 – Tough talks to rescue Dollar?


Trading Leveraged Products is risky

*USDIndex peaked to 107.20 but it lost altitude into the close, now at 106.40. The hawkish outlook from the Fed’s Bullard weighed on bonds and stocks, though the markets managed to pare losses late in the day. Bullard stressed that the funds rate needs to go higher and into restrictive territory and suggested a worst case scenario of 7%. Yields – 10-year climbed to 3.80% before dipping to 3.767%.
*Stocks –choppier but was generally underwater due to the Fed outlook, recession fears, and ongoing geopolitical risks. But losses were trimmed, leaving the US100 down -0.35%, the US500 off -0.31%, and the US30 fractionally lower.



*EUR – choppy at 1.038, struggling to break 200-day SMA.
*JPY – holding below 140.
*GBP – holds above 1.1900, as UK retail sales rebounded in October. However, Sales are down more than 6% on the year on both measures and the data are a flagging the impact inflation and the erosion of real disposable income are having on overall activity. GDP already contracted in the third quarter of the year and the fourth quarter is likely to be worse. Chancellor Hunt did his best to sell his budget as measured and appropriate, but the prospect of a rising tax burden just as mortgage costs are on a steep incline will hit consumption and overall growth further.
*USOil – down -5% to $81.20, impacted by the stronger dollar earlier, as well as on fears a recession will crimp demand along with signs that supply chains are easing.
*Gold – down to $1760 on very hawkish Bullard.

Today – ECB’s President Lagarde, German Buba President Nagel & BoE’s Haskel speeches.



Biggest FX Mover @NZDUSD +0.61%% (06:30 GMT) bounced to 0.6170. MAs aligning flattened, MACD lines remain positive & RSI at 62 but flat indicating that bullish bias might run out of steam. H1 ATR 0.00144, Daily ATR 0.01107.

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.

Click HERE to access the full HFM Economic calendar.

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. Click HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: 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.

Date : 21st November 2022.

Market Update – November 21 – USD continues to recover.


Trading Leveraged Products is risky

*The USD Index continues to recover, back over 107.00 to 107.45, next resistance today 107.70 and the 200-hrMA as risk appetite sours in Asia with more COVID cases in Beijing and a rise in deaths. Stocks lower & Oil at 2-mth lows to start the week. Chinese PBOC kept rates unchanged at 3.65%. More Hawkish talk from Fed officials (Bostic believes that another 75bps-100bps tightening will be warranted and sufficient to rein in inflation) – helped the USD sentiment.
*EUR – declined from 200- day resistance at 1.0385, ao Friday and is under 1.0300 today at 200-hr MA at 1.0270.
*JPY – moves away from 140.00 zone to 140.75 next resistance 141.00.
*GBP – Sterling dips to test 1.1800 today down from 1.1950 highs on Friday and a rejection of 1.2000 last week.
*Stocks – Wall Street closed flat on Friday, TSLA -1.63%. on product recalls and worries over MUSK workload. US500 was best performer +18.78 (+0.48%) at 3965, FUTS trades at 3960 now.



*USOil – fell significantly again to $77.75 Friday before recovering over $80.00. But is subdued today under $80.00, following risk off mood to start the week.
[b]*[/bGold – continued to decline from last week’s $1780 highs, trades at $1745 now at the 200-hr MA support.
[b]*[/bBTC – Sentiment woes continue – FTX owes $3bln to top 50 creditors (no.1 reportedly owed $222m). Trades down to $16k.

Today – German PPI much weaker than expected at -4.2% vs 0.9%, Speech from BOE’s Cunliffe and NZD trade data.



Biggest FX Mover @NZDUSD +0.61%% (06:30 GMT) bounced to 0.6170. MAs aligning flattened, MACD lines remain positive & RSI at 62 but flat indicating that bullish bias might run out of steam. H1 ATR 0.00144, Daily ATR 0.01107.



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.

Click HERE to access the full HFM Economic calendar.

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. Click HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: 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.

Date : 22nd November 2022.

Market Update – November 22 – China Covid Worries Puncture Sentiment.


Trading Leveraged Products is risky

*The USD Index holds onto recent gains at 107.50, but unable to break resistance at 107.80. Asian markets further impacted with more COVID cases across China (Guangzhou reports over 8,200) and a rise in deaths. Stocks lower & USOil tested $75.00 zone, Saudi denying reports they were looking to increase production. Kishida – FX policy up to BOJ will not interfere, a weak JPY has both “merits & demerits” USDJPY 142.00. Crypto firm Genesis has approached Binance & Apollo GM for investment but denies it is planning to file for bankruptcy – WSJ.
*EUR – holds under 1.0300 and below 200-hr MA (1.0260) at 1.0250.
*JPY – rallied over 1.1% yesterday from 140.00 zone to 142.20 highs. Holds 1.4200 today – BOJ Core CPI y/y much stronger than expected at 2.7% vs. 2.2% & 2.0% last month.
*GBP – Sterling holds at 1.1800
*Stocks – Wall Street closed lower, NASDAQ worst performer -1.09%. TSLA -6.84% on product recalls & MUSK workload follow through, COIN -8.9% (FTX Contagion), DIS +6.3% (Iger’s return). US500 –15.40 (-0.39%) at 3949, FUTS trades at 3955 now.



*USOil – fell significantly again to $75.25 yesterday before recovering to $80.00 again. Saudi Arabia denying reports they were looking to increase production within & and outside OPEC, said the current cut of 2mln BPD is to continue until the end of 2023.
*Gold – continued to decline yesterday to $1733 lows, trades at $1742 now at the 200-hr MA support.
*BTC – Sentiment woes continue, FTX contagion spreading? – Genesis denying bankruptcy talk. Traded down to $15.4k, yesterday, back to 15.7k now.

Today – EZ Consumer Confidence Flash, Australian PMIs Flash, Speeches from Fed’s Bullard, George, Mester & ECB’s Rehn.



Biggest FX Mover @ (07:30 GMT) NZDUSD (+0.64%) recovered from a new move below 0.6100 yesterday, and trades at 0.6120 now, next resistance at 0.6145. MAs aligning higher, MACD histogram & signal line negative but rising, RSI 54.60 & rising, H1 ATR 0.00105, Daily ATR 0.01040.



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.

Click HERE to access the full HFM Economic calendar.

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. Click HERE to register for FREE!

Click HERE to READ more Market news.

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: 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.

Date : 23rd November 2022.

Market Update – November 23 – USD Slips, Stocks Higher, RBNZ add 75bp, FOMC Minutes to come.


Trading Leveraged Products is risky

*The USD Index slipped from over 107.50, to below 107.00, as stocks closed over 1% higher and Asian markets followed the US into positive territory, even as Chinese covid cases continue to climb. The RBNZ lifted interest rates in line with expectations to 4.25% from 3.5% in a hawkish hike expectations for terminal rate was lifted significantly to 5.5-5.75%. (NZD outperforming in Asian session). AUD PMI’s data missed and prosecutors called FTX a “personal fiefdom” of Sam Bankman-Fried, had “substantial” assets missing & highlighted his parents & senior staff with Bahamian property worth over $300m.
*EUR – retakes 1.0300 from 1.0225 lows yesterday to trade at 1.0225.
*JPY – eased from 142.20 highs to under 141.00 – trades at 141.20 now.
*GBP – Sterling held the 1.1800 support and rallied to test 1.1900 now. The UK’s economy is set to be the worst performer in the G20 bar Russia over the next two years, according to the OECD.
*Stocks – Wall Street closed over 1%+ NASDAQ & S&P500 +1.36%. Exxon & Chevron best performers. US500 +53.64 (+1.36%) closing over 4000 at 4003, for the first time since September 12 (50 trading days), FUTS trades at 4009 now.



*USOil – Rallied to $82.00 and trades at $81.50 now, after shaking off increase production talk earlier in the week. Inventories are expected to decline by 2.6m barrels this week following last week’s outsized 5.4m barrel drawdown.
*Gold – Rotating around $1740 but has once again tested to $1733 lows, trades at $1744 now at the 200-hr MA.
*BTC – Sentiment woes continue, but a rally from 2-yr lows at $15.4k in the last 24hr has pushed the price to 200hr MA at $16.5k.

Today – FOMC Mins. (Fed signaling that interest rates will continue to rise but at a slower pace?), EZ, UK & US Flash PMIs, US Durable Goods, Weekly Claims, New Home Sales, Speeches -ECB’s de Guindos & BoE’s Pill.



Biggest FX Mover @ (07:30 GMT) NZDCAD (+0.54%) recovered from a new move below 0.8200 earlier, and trades at 0.6265 now, next resistance at 0.8275 & 0.8300. MAs aligning higher, MACD histogram & signal line positive & rising, RSI 62.88 & rising, H1 ATR 0.00188, Daily ATR 0.0083.



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.

Click HERE to access the full HFM Economic calendar.

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. Click HERE to register for FREE!

Click HERE to READ more Market news.

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: 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.

Date : 24th November 2022.

Market Update – November 24 – FOMC Mins. & Data conspire to sink USD.

[img]Market Update – November 24 – FOMC Mins. & Data conspire to sink USD[/img]
Trading Leveraged Products is risky

The USD Index has collapsed from over 107.80 on Monday to 105.50 today.
FOMC Mins. – Confirmed that a “substantial majority” believed slowing in the pace of increases would likely soon be appropriate. That largely confirms what has been priced in, with a 50 bp increase fully priced in for December and “significant uncertainty” about the ultimate level of the funds rate. “Various participants” (Bullard , Mester, etc no doubt) noted that with few signs of inflation abating and demand and supply still out of balance, they suspected the ultimate level of the funds rate would have to be “somewhat higher” than previously seen. Powell seemed to confirm this at the press conference.

Earlier Weekly Claims jumped to a 240k and the Continuing Claims hit a high not seen since March. Whilst Durable Goods were stronger than expected, PMI data missed. The mixed news gave a lift to stocks, weighed on the Dollar and saw yields drop too. US10-yr closed at 3.69%, with the 2/10 yr inversion at -79 bps.

*EUR – rallied to over 1.0400 an 8-day high at 1.0448 earlier.
*JPY – eased all the way down to 138.50 zone from over 141.60 yesterday. JPY PMI missed and moved back into contraction at 49.4 from 50.7.
*GBP – Sterling rallied on the weaker USD breaking & breaching the key 1.2000 slevel and testing 1.2080.
*Stocks – Wall Street closed in the green (NASDAQ +0.99%) TSLA +7.82% (upgrade from CITI to Neutral from Sell). In the UK Manchester United shares rallied +26.8% on news the Glazier family could be willing to sell some or all of their holdings). US500 +23.68 (+0.59%) 4027, FUTS trades at 4042 now.





*USOil – Sank from $81.50 and trades at $77.50 now. G7 proposed price cap higher than expected. Inventories declined by 3.7m barrels this week more than the 2.6m expected but much less than last week’s outsized 5.4m barrel drawdown.
*Gold – Tested down to $1725 before recovering $1750 to trade at $1755 now.
*BTC – Sentiment woes continue, but holds $16.6k today capped at $16.8k.

Today – German Ifo, ECB Minutes, (Riksbank, CBRT & SARB Policy Announcements), Speeches from BoE’s Pill, Ramsden, Mann, ECB’s Schnabel & de Guindos.



Biggest FX Mover @ (07:30 GMT) USDJPY (-0.60%) continued to decline from the test of 142.00 earlier this week. Trades at 138.50. MAs aligning lower, MACD histogram & signal line negative & falling, RSI 24.75 & OS, H1 ATR 0.293, Daily ATR 2.230.



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.

Click HERE to access the full HFM Economic calendar.

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. Click HERE to register for FREE!

Click HERE to READ more Market news.

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: 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.

Date : 28th November 2022.

Market Update – November 28 – Global risk appetite is back.


Trading Leveraged Products is risky

*The USDIndex held fractionally lower below 106.00 following a short week and a hit in risk sentiment and stoked uncertainty.
*USDJPY drifted by 0.80% to 138 in a blow to risk appetite, by protests in China, a manufacturing powerhouse and Southeast Asia’s top trading partner, which flared for a third day and spread. – How will the government react to the wave of civil disobedience when COVID cases are rising ?
*Chinese Stocks & Yuan slump! – The dissent toward President Xi is greater than ever, as protestors in Shanghai urge for Xi resignation.
*Stocks – Wall Street closed in the red, while it has gapped down today as global equities tumbled on China unrest (NASDAQ -0.52%, S&P -0.03%. Apple set to lose 6 million Iphones professionals from tumult at China plant (Friday’s close -1.96%) – production could slump by 30% in its main Zhengzhou plant in central China.
*EUR – rebounded to 1.0395.
*GBP – holds below 200-day SMA, at 1.2065.



*USOil – -3.11% tumbled from 2-month support at $75 to $73.90 today, as China’s covid zero policy is put to the test, clouding the energy demand outlook.
*Gold – at $1750, under pressure along with the overall commodity market.
*BTC – slumps as uncertainty prevails. Currently at $16,168.

Today – There is a heavy data calendar that includes nonfarm payrolls on Friday. ECB President Lagarde & FOMC Member Bullard speak today.



Biggest FX Mover @ (07:30 GMT) AUDJPY (-1.80%), used as a liquid proxy for the Yuan declined to 92.14. MAs aligning lower, MACD histogram & signal line negative & falling, RSI 22 & OS, H1 ATR 0.2566, Daily ATR 0.9899.

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.

Click HERE to access the full HFM Economic calendar.

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. Click HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: 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.

Date : 29th November 2022.

Market Update – November 29 – Tightening Tilt, COVID Control & Month End Flows.


Trading Leveraged Products is risky

*The USDIndex rallied to 106.70 in the previous session but formed a correction in Asia session to 106.00 ahead of a COVID-19 press briefing in China that is spurring hopes of a potential easing in the country’s strict pandemic restrictions.
*Fed Officials Signal Higher rates: Hawkish reminders from key Fed officials Williams, Bullard, and Brainard that rates will have to go higher helped weigh on the markets in Monday action. Wall Street was weaker overnight on the back of Williams’s and Bullard’s comments, and slipped further as Brainard tripled down on the rate outlook.
*US houses prices fall like in 2008.
*Stocks – Global stocks rise after yesterday’s dip. US100 and US500 dropped -1.58% and 1.54%, respectively, with the US30 off -1.45% amid broadbased weakness. Today however the rumours of an earlier easing of strict COVID-19 restrictions along wihth vaccinations for over 80-year olds, found buyers in the stock market with a Chinese stocks rebound. Hang Seng and CSI 300 bounced 4% and 3% respectively. ASX and Nikkei closed narrowly mixed. GER40 and UK100 futures are up 0.5% and 0.4% respectively.
*EUR – reversed from 5-month peak. Currently at 1.0360. ECB’s Lagarde said overnight that inflation had not peaked and it risks turning out even higher than currently expected, hinting at a series of interest rate hikes ahead.
*JPY along with Yuan, Aussie and Kiwi on bid.
*GBP – turns again below 1.20 at 1.1987.
*USOil – jumps to 80.00 as China refines its approach for dealing with protest and Covid control. All eyes are on weekend OPEC+ meeting. EU fails to agree on Russian oil price cap once again.
*Gold – fully recovered yesterday’s losses, currently at $1754.

Today – Swiss GDP, German HICP , Canadian Q3 GDP, US Consumer Confidence and BOE Governor Bailey speech.



Biggest FX Mover @ (07:30 GMT) NZDUSD (+1.10%), bounces to 0.6235. MAs aligning higher and RSI at 63 but MACD histogram & signal line remain below 0. H1 ATR 0.00147, Daily ATR 0.00962.

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.

Click HERE to access the full HFM Economic calendar.

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. Click HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: 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.

Date : 30th November 2022.

Market Update – November 30.


Trading Leveraged Products is risky

*USDIndex slightly below 1-week amid reports of a softer stance on Covid emerging in China’s official rhetoric, which is keeping hopes alive that there won’t be a move back to tighter restrictions. All eyes are on an expected hawkish stance from Chair Powell’s speech today.
*Stocks – The Nikkei closed with a -0.2% loss, the ASX managed a 0.4% gain and Hang Seng and CSI300 are currently up 1.1% and 0.1% respectively. GER40 and UK100 futures are up 0.6% and 0.4% respectively. US futures are underperforming, but also managing slight gains. Wall Street closed mixed with the NASDAQ dropping -0.59% on weakness in tech and the rise in yields.
*Japan’s factory output fell for a 2nd consecutive month in October, and China’s factory activity contracted at a faster pace in November, weighed down by softening global demand.
*JPY – is holding in the 138-139 range.
*USOil – supported ahead of the OPEC+ meeting on December 4. Energy was lifted by easing in China jitters.
*AUD & NZD downward pressure from worse than expected Chinese manufacturing surveys.
*Gold – extends gain to $1757.

Today – Attention is on Powell’s speech later today, who is likely to reinforce yesterday’s hawkish Fedspeak from Williams, Bullard, and Mester who all stressed rates are headed higher still and could remain so for some time. Elsewhere is EU HICP, US ADP and Q3 GDP.



Biggest FX Mover @ (07:30 GMT) GBPAUD (-0.25%), declined to 1.7816 from 1.7930. MAs aligning lower and RSI at 34.8 and MACD histogram & signal line remain below 0. H1 ATR 0.00267, Daily ATR 0.01538.

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.

Click HERE to access the full HFM Economic calendar.

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. Click HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HFMarkets

Disclaimer: 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.

Date : 1st December 2022.

Market Update – December 1 – Powell Sparks Stock & Treasury Rally & Sinking USD.


Trading Leveraged Products is risky

*The USD Index has tanked to 105.30 lows today from over 107.10 as Chair Powell more or less confirmed a 50bp hike at the next FED meeting, was sanguine about the terminal rate being over 5% and reiterated (again) that the fight to bring down inflation was far from over. He was as Hawkish as had been expected. Stocks & Treasuries ripped higher with optimism about China’s reopening prospects even after mixed US data yesterday.
*EUR – retakes 1.0450 from under 1.0300 lows yesterday..
*JPY – collapsed to under 136.00 today from 139.85 highs yesterday –
*GBP – Sterling rallied over 200 pips from 1.1900 support and lows to 1.2110 now.
*Stocks – Wall Street erupted higher 2.18%-4.41% (NASDAQ best performer) – US500 +122.48 (+3.09%) closed over 4000 at 4080, has gained 13.8% in 2 months and is over it’s 200MA for the first time in 7 months. FUTS trades at 4085 now.



*USOil – Rallied to $81.50 and trades at $80.00 now. Inventories showed a huge 12.6m drawdown.
*Gold – Rallied to $1780 from $1745 lows, trades at $1776 now.
*BTC – Sentiment woes continue, SFB “I didn’t try to commit fraud”.. Weaker USD takes it over 17K.

Today – German Retail Sales, EZ, UK & US Final Manufacturing PMI, US ISM, Weekly Claims, PCE Price Index, EU Council President Michel visits China, Speeches from Fed’s Barr, Bowman & Logan, ECB’s Lane & Elderson.



Biggest FX Mover @ (07:30 GMT) NZDUSD (+1.57%) rallied from under 0.6200 yesterday and trades at 0.6320 now, next resistance at 0.6350. MAs aligning higher, MACD histogram & signal line positive & rising, RSI 65.00 & falling having been OB, H1 ATR 0.00203, Daily ATR 0.0083.



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.

Click HERE to access the full HFM Economic calendar.

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. Click HERE to register for FREE!

Click HERE to READ more Market news.

Stuart Cowell
Head Market Analyst
HFMarkets

Disclaimer: 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.