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Message: [QUOTE="HFM, post: 199598, member: 32345"] [B]Date : 22nd September 2021. Market Update – September 22 – No Turnaround Tuesday.[/B] [URL='https://analysis.hotforex.com/wp-content/uploads/2018/12/eu_update_1200x628-e1567669197104.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2018/12/eu_update_1200x628-e1567669197104-696x339.png[/IMG][/URL]Trading Leveraged Products is risky [B]Market News[/B] [LIST] [*]USD ([B]USDIndex[/B] 93.25) holds gains, Evergrande will pay some local debt on Thursday, but major doubts remain. Strong Housing data helped USD. AUD recovers lifting NZD, JPY slips post BOJ. CAD holds gains. $3.5bln infra. bill goes to Senate, Biden doubles climate crisis investment. [*][B]Yields[/B] moved two ticks higher (10yr closed at 1.32%) trade at 1.33% now. [*][B]Equities remain weak, [/B]Evergrande worries persist. ([B]USA500[/B] -3 (-0.08%) at [B]4354[/B]. USA500.F flat at [B]4358.[/B] No Tuesday turnaround. ; Dow -0.15%, Nasdaq +0.22%. Nikkei & China down [B]VIX[/B] cools to [B]23.42.[/B] [*][B]USOil[/B] continues to recover broke [B]$71.00 [/B] earlier – inventories to come later today. [*][B]Gold[/B] also recovers to [B]$1780 [/B]but remains shy of key resistance at $[B]1788. [/B] [/LIST] [B]Overnight – BOJ – [/B]no change – if anything a more Dovish outlook [I]” economy picking up as a trend, although it remained in a severe state due to the impact of the pandemic.”[/I] No sign of tapering any time soon. [B]AUD [/B]back to[B] 0.7250[/B],[B] AUDJPY[/B] up to [B]79.50[/B]. [B]Evergrande[/B] will only pay local bond holders tomorrow but that was enough to ease concerns, at least for now. PBOC injected more funds into the local credit market. FT report there are [B]enough empty apartments[/B] (new & unsold) in China to house [B]90 million people[/B] (30 million Chinese families) …-[B]FT European Open[/B] – December 10-yr Bund future down -22 ticks, underperforming versus Treasury futures. In FX markets both EUR & GBP corrected against USD, leaving [B]EURUSD[/B] at [B]1.1718[/B] & [B]Cable[/B] at [B]1.3647.[/B] [B]USDJPY[/B] recovered to [B]109.56[/B] from 109.10 pre-BOJ. Risks from China & realization global supply chains will take longer to recover from Covid disruptions (BBG report chip shortage getting worse, lead time now 21 weeks, Honda in Japan working at 40% of capacity for 2 mths) have seen investors scaling back tapering concerns & we expect Fed to stick with a cautious wait and see stance for now, which should help keep stock markets underpinned. [B]Today [/B]– US Existing Home Sales, [B]FOMC rate decision[/B] & Chair [B]Powell[/B] press conference, more new supply from UK & Germany. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/09/2021-09-22_09-51-54.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/09/2021-09-22_09-51-54.jpg[/IMG][/URL] [B]Biggest Mover[/B] @ (06:30 GMT) [B]CADJPY (+0.65%) [/B]The oscillations continue capped at [B]86.00[/B] and back to [B]85.00 [/B]yesterday trades at [B]85.75[/B] now. Faster MA’s aligned higher, MACD signal line and histogram below 0 line but rallying. RSI 61 and rising. H1 ATR 0.150, Daily ATR 0.695. [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 HotForex 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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