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Message: [QUOTE="HFM, post: 221765, member: 32345"] [b]Date : 22nd June 2023. Market Update – June 22 – ”Super Thursday”.[/b] [URL='https://analysis.hfm.com/wp-content/uploads/2023/06/uk_1200x628.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/06/uk_1200x628-696x364.jpg[/IMG][/URL] The Asian stock market was negative with [B]JPN225[/B] down -0.9%, although with the[B] BoJ sticking to its accommodative policy[/B] stance and corporate reforms helping to lift sentiment, Japanese markets have outperformed over the past year. China and Hong Kong are on holiday today (Dragon Boat Festival). Markets continue to adjust[B] Fed tightening expectations[/B] after Powell repeated yesterday that the fight against inflation is not over yet. [B]US futures are in the red, as markets wait for rate announcements from the BoE. The SNB[/B] meanwhile today increased rates by 25 bps. [B]Higher than expected inflation numbers have left markets pricing in some risk of a 50 bp move from the BoE today.[/B] [B]Stagflation risks are back on the agenda and Sterling didn’t benefit from the prospect of aggressive tightening moves.[/B] [URL='https://analysis.hfm.com/wp-content/uploads/2023/06/2023-06-22_09-51-19.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/06/2023-06-22_09-51-19.jpg[/IMG][/URL] [LIST] [*][B]FX – The USDIndex[/B] corrected yesterday, but today has stabilised, and is at 101.60. [B]EUR[/B] meanwhile held above [B]1.0980[/B] after ECB’s Villeroy tried to tame speculation of a September hike. The [B]EUR[/B] also strengthened against the [B]Pound,[/B] despite the outperformance of Bunds versus Gilts. [B]USDJPY[/B] remains high at [B]141.80[/B] after BoJ’s Ueda said the BoJ will persistently continue with monetary easing. [*][B]Stocks[/B] – [B]GER40[/B] and [B]UK100[/B] are underperforming and down -0.6% and -0.7% respectively. #[B]A[B]mazon down after[/B][/B] Federal Trade Commission sues Amazon for enrolling consumers in Prime without consent and #[B]Tesla[/B] stock sank 5.5% on Wednesday, its steepest loss in two months, The [B]US100[/B] sank 1.2%, [B]US500[/B] was down about 0.5%, while the [B]US30[/B] fell 0.2%. [*][B]Commodities[/B] – [B]USOil[/B] and [B]Gold [/B]slightly lower but steady at [B]$72.30[/B] and[B] $1929.20.[/B] [/LIST] [B]Today[/B] – SNB press conference, BOE rate decision and Press conference, Speeches from Fed’s Powell, Barkin, Bowman & ECB’s De Guindos and Panetta. [HEADING=3][/HEADING] [URL='https://analysis.hfm.com/wp-content/uploads/2023/06/2023-06-22_10-56-34.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2023/06/2023-06-22_10-56-34.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]UK100 (-1.02%) [/B]dipped on the EU open at [B]7463.67. [/B]Fast MAs aligned lower, RSI at 21 and falling and MACD & signal line are negatively configured ATR (H1) is at [B]13.26[/B] and ATR (D) is at [B]65.09. 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] 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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