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Message: [QUOTE="HFM, post: 218586, member: 32345"] [B]Date : 15th March 2023. Market Update – March 15 – Can the bounce back hold?[/B] [URL='https://analysis.hfm.com/wp-content/uploads/2020/08/daily-market-update.png'][IMG]https://analysis.hfm.com/wp-content/uploads/2020/08/daily-market-update-696x364.png[/IMG][/URL] The [B]USD[/B] tested into 20-day lows again as [B]Stock markets[/B] recovered ([B]NASDAQ [/B]+2.14%) from 3 big down days following the SVB shock. [B]US CPI[/B] cooled to [B]6%[/B] from 6.4% (as expected), however the CORE figure for February actually rose and demonstrates the “stickiness” of Services inflation in particular. Fed Funds Futures see an 81.2% chance of a 25bp hike next week from the FED. Overnight: The [B]BOJ Mins.[/B] confirmed commitment to super easy policy noting a rising inflation picture, Chinese [B]Unemployment [/B]surprisingly increased to 5.6% as Retail Sales recovered strongly to 3.5% from –1.8%. [LIST] [*][B]FX[/B] – [B]USDIndex [/B]has dipped again to test the [B]103.00 [/B]zone today, last Wednesday it was at 105.85. [B]EUR[/B] holds over[B] 1.0700[/B] and has breached 1.0750 today. [B]JPY [/B]holds over [B]134.00[/B] but remains capped by [B]135.00[/B] today. [B]Sterling [/B]ahead of the [B]UK Budget[/B] today holds at 1.2150 after testing [B]1.2200[/B] highs on Monday & Tuesday. [*][B]Stocks –[/B] The US markets rallied yesterday (+1.06% to +2.14%) as tech companies recovered and Banks bounced. Movers: [B]FRC [/B]+27%, [B]SCHW [/B]+9.19%, [B]META [/B]+7.25%, (another 10k job losses) [B]TSLA[/B] +5.03%. [B]BANCORP [/B]-3.43%, AMC -5.20%. [B]US500[/B] +1.68% (+29.96) to recover [B]3900[/B] to close at [B]3920,[/B] [B]US500[/B] FUTS higher at [B]3925 [/B]now[B]. [/B] [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-15_09-23-30.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-15_09-23-30.jpg[/IMG][/URL] [LIST] [*][B]Commodities – USOil – [/B]Futures collapsed some[B] –[/B]4% yesterday, posting [B]new 2023 & 2022 lows[/B] at [B]$70.72[/B]. It has since recovered +1.35% to recent support levels at [B]$72.20, [/B]which could now act as resistance. [B]Gold –[/B] holds the key psychological [B]$1900[/B] level, up some $90 an ounce from tests of $1809 last week. [*][B]Cryptocurrencies – BTC [/B]breached both [B]$25 & $26K[/B] yesterday to test a 9-mth high at $26.3k. Currently it trades below [B]$25k[/B] at $24.8k. [/LIST] [B]Today – [/B] EZ Industrial Production, US NY Fed, PPI & [B]Retail Sales[/B], [B]UK Spring Budget[/B], IEA OMR, [B]NZ GDP.[/B] [URL='https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-15_08-56-26.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-15_08-56-26.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]EURJPY [/B](+0.59%). Continued the rally today from Monday’s low under 141.500 back to test [B]145.00[/B] now. MA’s aligned higher, MACD histogram & signal line positive & rising, RSI 71.53, OB & rising, H1 ATR 0.222, Daily ATR 1.377. [URL='https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-15_09-54-24.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-15_09-54-24.jpg[/IMG][/URL] [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] Click [URL='https://www.hfm.com/hf/en/trading-tools/economic-calendar.html'][B]HERE[/B][/URL] 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 [URL='https://www.hfm.com/en/trading-tools/trading-webinars.html'][B]HERE[/B][/URL] to register for FREE! [URL='https://analysis.hfm.com/'][B]Click HERE to READ more Market news.[/B][/URL] [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. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ [b]Date : 16th March 2023. Market Update – March 16 – all Eyes on Zurich…and Frankfurt.[/b] [URL='https://analysis.hfm.com/wp-content/uploads/2018/12/eu_update_1200x628-e1567669197104.png'][IMG]https://analysis.hfm.com/wp-content/uploads/2018/12/eu_update_1200x628-e1567669197104-696x339.png[/IMG][/URL] Trading Leveraged Products is risky Concerns over Credit Suisse added to the fallout from the collapse of SVB, Signature Bank and Silvergate. And though there have been problems at the big Swiss bank for years, fears of a global contagion exacerbated investor jitters. The Bank was down -30% at one point – closed -14%. The Swiss authorities will offer a loan of $54bn to try to prevent collapse and the stock is +35% pre-market. A risk off mood has raced around the World and holds for now. [B]USD, CHF, JPY & Gold [/B]had safe haven bids and the short end of the[B] yield curve collapsed[/B] with the [B]2-yr falling the fastest in decades. [/B] [B]Stock markets[/B] recovered from 2023 lows into close after heavy losses on open ([B]NASDAQ [/B]+0.05%). Asian markets lower (-0.80% to -2.12%), US PPI & Retail Sales both undershot expectations, and the UK Budget focused on pensions and childcare as millions of workers continued to strike. Overnight: Japanese [B]Machine Orders[/B] and the [B]Trade Balance[/B] were both much better than expected and in Australia [B]Unemployment [/B]dropped to 3.5% as jobs soared to 65K from a decline of 11k last month. NZD [B]GDP[/B] missed at -0.6% q/q vs. -0.2% and 2.2% y/y vs. 3.3%. [LIST] [*][B]FX[/B] – [B]USDIndex [/B]rallied over 150 pts to [B]104.70 [/B]yesterday and has eased to 104.20 now. [B]EUR[/B] tanked from over [B]1.0750[/B] to under 1.0520 before recovering [B]1.0600 [/B]today. [B]JPY [/B]holds over [B]133.00[/B] now but ranged from 135.00 to 132.40 yesterday. [B]Sterling [/B]tanked from 1.2150 to test the key [B]1.2000[/B] yesterday and trades at 1.2070 now. [*][B]Stocks –[/B] The US markets opened 1-2% lower but recovered into close (-0.87% to +0.05%) Movers: [B]SCHW [/B]+5.06%, [B]XOM [/B]-4.97%, [B]CVX [/B]-4.33%. [B]US500[/B] -0.70% (-27.36) to [B]3892,[/B] [B]US500[/B] FUTS +0.95% higher at [B]3930 [/B]now[B]. [/B] [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-16_09-32-38.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-16_09-32-38.jpg[/IMG][/URL] [LIST] [*][B]Commodities – USOil – [/B]Futures collapsed some[B] -6[/B]% again yesterday, following a -4% fall on Tuesday to touch [B]$65.70[/B] lows last touched December 2021. It has since recovered to [B]$67.80[/B]. [B]Gold –[/B] holds the key psychological [B]$1900[/B] level, at $1920 down from yesterday’s 6-week $1935 high. [*][B]Cryptocurrencies – BTC [/B]dipped to [B]$24k [/B]from[B] $25K[/B] yesterday and trades at $24.5k now. [/LIST] [B]Today – [/B]US Building Permits/Housing Starts, Export/Import Prices, Weekly Claims, [B]ECB Policy Announcement[/B] & Press Conference. [URL='https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-16_09-35-05.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-16_09-35-05.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]AUDUSD [/B](+0.60%). Continued the rally today from yesterday’s low under 0.6600 back to test [B]0.6660 [/B]now. MA’s aligned higher, MACD histogram & signal line negative but rising, RSI 59.56 & rising, H1 ATR 0.00154, Daily ATR 0.00782. [URL='https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-16_09-42-57.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/03/2023-03-16_09-42-57.jpg[/IMG][/URL] [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] Click [url=https://www.hfm.com/hf/en/trading-tools/economic-calendar.html][b]HERE[/b][/url] 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 [url=https://www.hfm.com/en/trading-tools/trading-webinars.html][b]HERE[/b][/url] to register for FREE! [url=https://analysis.hfm.com/][b]Click HERE to READ more Market news.[/b][/url] [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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