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$DOCN DigitalOcean stock, strong day, top of range brakout watch , see https://stockconsultant.com/?DOCN
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$ASPI ASP Isotopes stock solid breakout, from Stocks To Watch list , see https://stockconsultant.com/?ASPI
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HFMarkets (hfm.com): Market analysis services.
HFblogNews replied to HFblogNews's topic in Technical Analysis
Date: 19th March 2024. Market Recap – It’s a classic ‘Buy the rumour, sell the fact. Economic Indicators & Central Banks: The advent of Wednesday’s FOMC decision and the further slippage in Fed rate cut expectations extended selling pressures on Treasuries. Corporate issuance and the risk-on trades into equities weighed too. BoJ delivers dovish hike: The BoJ ended its yield curve control, ETF buying and the 8 years of negative interest rates and ushered in the nation’s first policy tightening since 2007. Also the bank pledged to continue to buy long-term government bonds. There was little indication of additional hikes, which signalled that this is not the first step of a rapid tightening cycle. RBA drops tightening bias, as it keeps the policy rate at a 12-year-high. The RBA held the cash rate at 4.35% for another meeting, but removed any reference to possible further hikes from the statement. When asked if the RBA had indeed moved to a neutral stance, Bullock said the risks to the outlook are indeed “finely balanced now”. Today: The FOMC meets for 2 days, and will issue its post-meeting statement at 18:00 GMT on Wednesday. Expectations are for no policy change at this meeting, but verbiage will be closely monitored for hints regarding the rate path in the remainder of 2024. Market Trends: Wall Street bounced but pared its early rally. It continued to shrug off the evolving Fed outlook and instead re-focused on tech enthusiasm. A Bloomberg report that Apple is in talks to build Google’s Gemini AI engine into the iPhone boosted risk appetite. The NASDAQ (US100) advanced 0.82%, after halving early gains. The S&P500 (US500) was up 0.63% and the Dow was 0.20% higher. Nikkei (JPN225) was choppy after the decision but closed 0.66% higher, while Japanese government bond yields fell. Financial Markets Performance: The USDIndex firmed and held over the 103 mark. It rose to 103.45. The USDJPY lifted to 150.47, with the Yen paring recent gains, despite the hike, as Ueda made clear that the inflation target has not been reached yet. As interest rate differentials between Japan and the United States remain stark, Yen is likely to remain under pressure. Antipodeans: AUD and NZD slid to 2-week lows, i.e. 0.6515 and 0.6050 respectively. Gold eased to $2,153.95 and USOIL steadied at $82. Bitcoin drifted for a 4th day in a row, currently at $64,500, slightly above 20-DMA. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. - Yesterday
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$PLTR Palantir stock attempting to move higher off the 23.47 support area , see https://stockconsultant.com/?PLTR
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$DIS Walt Disney stock ascending triangle breakout watch , see https://stockconsultant.com/?DIS
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$CTAS Cintas stock narrow range breakout watch above 637.64 , see https://stockconsultant.com/?CTAS
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$BHC Bausch Health stock back to 9.15 support area with high trade quality , see https://stockconsultant.com/?BHC
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$ESPR Esperion Therapeutics stock back to 2.11 support area with bullish stats , see https://stockconsultant.com/?ESPR
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$AAPL Apple stock possible downtrend break, bullish stats , see https://stockconsultant.com/?AAPL
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$TSEM Tower Semiconductor stock back to 30.76 triple+ support area , see https://stockconsultant.com/?TSEM
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$AMD Advanced Micro Devices stock back to 189.04 support area , see https://stockconsultant.com/?AMD
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$QNST QuinStreet stock awesome breakout, volume 98% above normal , see https://stockconsultant.com/?QNST
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$MOD Modine Manufacturing stock nice move higher off support, upcoming breakout watch , see https://stockconsultant.com/?MOD
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stefan066vr started following HFMarkets (hfm.com): Market analysis services.
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$FDMT 4D Molecular Therapeutics stock, solid breakout , see https://stockconsultant.com/?FDMT
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$COGT Cogent Biosciences stock good day off support, from Stocks To Watch , see https://stockconsultant.com/?COGT
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$ASPI ASP Isotopes Inc stock with an ascending triangle breakout watch above 4.25 , see https://stockconsultant.com/?ASPI
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$DASH DoorDash stock continuation breakout watch above 135.14 , see https://stockconsultant.com/?DASH
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$RTX stock breakout watch above 92.94 , see https://stockconsultant.com/?RTX
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$SRPT Sarepta Therapeutics stock attemting to move higher off the 120.38 support area, bullish stats , see https://stockconsultant.com/?SRPT
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$TSLA Tesla stock good breakdown follow through, hit the S2 target , see https://stockconsultant.com/?TSLA
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$BOIL ETF good buying off the 13.96 lower double support area , see https://stockconsultant.com/?BOIL
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$BE Bloom Energy stock nice pullback from Stocks To Watch shorts list , see https://stockconsultant.com/?BE
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HFMarkets (hfm.com): Market analysis services.
HFblogNews replied to HFblogNews's topic in Technical Analysis
Date: 15th March 2024. BOJ Puts Rate Hikes On The Table After Historic Wage Agreement! Wage deals with Japan’s largest employers and unions have been agreed according to reports. Bloomberg confirms a 5% wage increase. Bank of Japan may hike interest rates as early as next week. Other economists believe the hike will come in April. Analysts expect the Bank of Japan’s interest rate to rise to 0.00%. Producer Inflation rates double that originally expected by analysts. Core Producer Inflation also continues to rise. 31% of the NASDAQ’s stocks decline as investors price in fewer rate hikes in 2024. GBPJPY – BOJ Set to Hike for the First Time Since 2007 After Higher Salaries Agreed! The GBPJPY fell up to 0.28% during this morning’s Asian session as unions and employers gave consent for a 5% wage increase. This gives enough room for the Bank of Japan to consider a rate increase to move out of negative interest rates. However, the Yen has fallen since against the currency market as a whole. Nonetheless, the hike and wage increase could support the Yen in the medium to long term. Analysts advise the Bank of Japan is likely to increase rates either at next week’s bank meeting or in April, but no later. However, economists are yet to confirm how high rates may go. Analysts advise the bank will most likely opt to hike on two occasions by 0.10%. This would bring the Cash Rate to 0.10%, the highest since 2010. The possibility of rate hikes is deemed to be positive for the Japanese Yen as well as the higher possibility of sticky inflation globally. The Japanese Industry Activity also rose 0.3%, more than previous expectations, which supports the Yen. However, investors should be cautious of volatility and ensure their entry is appropriate based on technical analysis. The price over the past 48 hours is moving within a sideways range but is showing more downward volatility. UA Zensen, Japan’s largest industrial and trade union representing more than 1.8 million workers, announced that companies have agreed to the largest wage increase since 2013. Thus, this year for full-time workers it may increase by 5.9%, and for part-time workers by 6.5%. When monitoring each currency individually, we can see the Pound is seeing a “mixed” performance. The Pound during this morning’s Asian session and European Cash Open has depreciated against the Euro and the Pound. The Japanese Yen declined throughout the first 3 days of the week but rose on Thursday. Even though the price of the Pound has considerably risen against the Yen over the past 90 minutes, the Yen could see different signals rise throughout the day. For example, if the price declines below 188.949, Fibonacci levels and price action will signal a decline. With such a decline, the price will also again fall below the 75-Bar EMA and “Neutral” level on the RSI. USA100 – Global Stocks Rise on Friday The USA100 rose 0.19% as the European markets opened as did other indices such as the DAX, French CAC and even the NIKKEI225. The positive price movement from global equities is positive as it may indicate a higher risk appetite and investor sentiment. In addition to this, US Bond Yields are also trading lower this morning which is known to potentially support stocks. These are signs of a potential correction to the trend line at $18,090. However, this is something investors will need to keep monitoring through the day. In terms of fundamental analysis, yesterday’s Producer Price data and Retail Sales have added pressure on equities. Most analysis now believe the Federal Reserve will only opt for 2-3 hikes in 2024. Most economists still believe the Fed will cut in June, but rate cuts thereafter will be less frequent. Some analysts advise if this continues, the index will struggle to renew highs from March 8th. 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. Michalis Efthymiou 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. -
$AUTL Autolus Therapeutics stock great day off the 5.46 support area, from Stocks To Watch list , see https://stockconsultant.com/?AUTL
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$MSFT Microsoft stock breakout , see https://stockconsultant.com/?MSFT
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