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  1. Today
  2. Date : 1st December 2022. Market Update – December 1 – Powell Sparks Stock & Treasury Rally & Sinking USD. 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.
  3. $CARS stock, nice move off support with a breakout watch above 15.4 , see https://stockconsultant.com/?CARS
  4. $TGTX TG Therapeutics stock strong day, breakout watch above 9.54 , see https://stockconsultant.com/?TGTX
  5. $GM General Motors stock breakout watch , see https://stockconsultant.com/?GM
  6. $LEN Lennar stock bull flag breakout watch , see https://stockconsultant.com/?LEN
  7. $WING Wingstop stock nice move off support, breakout watch , see https://stockconsultant.com/?WING
  8. $TMDX TransMedics stock new high breakout , see https://stockconsultant.com/?TMDX
  9. $MGM stock nice move off support, now looking at the breakout watch , see https://stockconsultant.com/?MGM
  10. $LYFT stock good buying at 10.9 double support area, see if it can materialize into a rally , https://stockconsultant.com/?LYFT
  11. $ETSY stock, big, no huge breakout , see https://stockconsultant.com/?ETSY
  12. $BYND Beyond Meat stock, big bounce off 12.69 bottom support area, from Stocks To Watch, see https://stockconsultant.com/?BYND
  13. $BLNK Blink Charging stock good buying off the 12.77 support area , see https://stockconsultant.com/?BLNK
  14. Yesterday
  15. $AVTR Avantor stock bottom breakout watch above 21.85 , see https://stockconsultant.com/?AVTR
  16. $BCAB BioAtla stock top of range breakout watch , see https://stockconsultant.com/?BCAB
  17. $MAXR Maxar Technologies stock back to 22.69 support area , see https://stockconsultant.com/?MAXR
  18. $RCL Royal Caribbean stock narrow range breakout watch , see https://stockconsultant.com/?RCL
  19. Date : 30th November 2022. Market Update – November 30. 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.
  20. $XPEV XPeng stock watch, some good buying down at these support areas , see https://stockconsultant.com/?XPEV
  21. $UPST Upstart stock attempting to move higher off 18.34 support area , see https://stockconsultant.com/?UPST
  22. $BYND Beyond Meat stock holding firm at 12.69 triple support area , see https://stockconsultant.com/?BYND
  23. $FDX FedEx stock closing in on another breakout above 178.91 , see https://stockconsultant.com/?FDX
  24. Last week
  25. $PLTR Palantir stock holding onto 7.15 triple+ support area (for now) , see https://stockconsultant.com/?PLTR
  26. $TWNK Hostess Brands stock watch, two legs back to 25.9 double support area , see https://stockconsultant.com/?TWNK
  27. $XPEV XPeng stock attempting to form a base, 6.62 support area , see https://stockconsultant.com/?XPEV
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