Reply to thread

Message: [QUOTE="HFM, post: 228846, member: 32345"] [B]Date : 25th January 2024.[/B] [HEADING=2]Market Recap: Has US avoided recession in 2023? ECB also on tap.[/HEADING] [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 [B]Economic Indicators & Central Banks:[/B] [LIST] [*][B]Treasuries[/B] were weak with yields extending higher still, hit by the [B]double whammy of stronger than expected PMI data[/B] and an ugly 5-year auction. [*]The healthy rally on Wall Street also weighed, though stocks trimmed gains into the close. [*][B]China bourses[/B] continued to rally after the PBOC stepped up support measures yesterday by cutting reserve requirements, while hinting at possible rate cuts. [*][B]ECB Preview:[/B] The central bank is widely expected to keep policy settings unchanged and stick with a wait-and-see stance for now, which means rate cuts are not on the immediate agenda. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2024/01/2024-01-25_10-27-46.jpg'][IMG]https://analysis.hfm.com/wp-content/uploads/2024/01/2024-01-25_10-27-46.jpg[/IMG][/URL] [B]Market Trends:[/B] [LIST] [*][B]Hang Seng and CSI 300[/B] already staged a late rally yesterday and continued to move higher today, with gains of 1.8% and 2.0% respectively. [*][B]European futures[/B] are in the red, however, as the [B]ECB[/B] meeting comes into view. [*][B]US futures[/B] are slightly higher on the anticipation of US GDP later on which could provide clues as to where US rates might be headed. [*][B]Tesla’s[/B] profits plummet! Tesla (-5.93% after hours) posted a 23% decline in profits for 2023, its 1st annual decline since 2017! [*][B]Microsoft[/B] becomes 2nd company ever to top $3 trillion valuation on AI-driven rally. Apple remains at the top. [*]FAA halts Boeing 737 MAXproduction expansion. Boeing -1.32% after hours. [/LIST] [URL='https://analysis.hfm.com/wp-content/uploads/2024/01/Copy-of-TELEGRAM-2.png'][IMG]https://analysis.hfm.com/wp-content/uploads/2024/01/Copy-of-TELEGRAM-2.png[/IMG][/URL][B]Financial Markets Performance:[/B] [LIST] [*]The[B] USDIndex[/B] slipped to a session nadir of [B]102.52[/B] but bounced back to [B]103.25[/B] to close over the 103 level for a 7th straight session. [*][B]EURUSD[/B] is steady at [B]1.0880.[/B] The [B]USDJPY[/B] regained some ground after hints at rate rises in Japan triggered selling in the Japanese government bond market. It remains below [B]148.[/B] [*][B]USOIL[/B] was up 1.45% to [B]$75.44[/B] per barrel amid ongoing geopolitical risks and following a bigger than expected US inventory draw. [*][B]Gold[/B] was down -0.83% to [B]$2012.50[/B] on the stronger PMI data and further trimming in rate cut bets. Markets have reined in expectations for early rate cuts in the US and Europe, and BoJ governor Ueda yesterday hinted that the exit from the negative interest rate environment is coming into view. [B]That should keep gold range bound for now.[/B] [/LIST] [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]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]

Verification

Top Bottom