HFMarkets (hfm.com): New market analysis services.

[HFM]

Date: 19th May 2025.


Global Markets Slide After US Credit Rating Downgrade, Weak Chinese Data Add to Investor Jitters.



Trading Leveraged products is Risky


Asian markets fell today while US futures and the dollar weakened, as global investors digested Moody’s downgrade of the US sovereign credit rating. The move came in response to the US government's persistent struggle to control rising debt, currently sitting at $36 trillion.


US Credit Rating Downgrade Sends Ripples Through Global Markets


Moody’s cut the US sovereign credit score from its long-held AAA rating to Aa1 — the first downgrade since 1917. The rating agency cited worsening fiscal conditions, a widening deficit, and increasing concerns over the government's capacity to manage its debt obligations. It follows earlier warnings in 2023 and echoes similar concerns raised by Fitch and S&P in previous years.


The downgrade hit global sentiment hard. The futures for the S&P 500 slid 0.9%, while those for the Dow Jones Industrial Average declined 0.6%. The US dollar weakened, dipping to 145.14 yen from 145.65 yen, while the euro remained flat at $1.1183.





Asian Markets Under Pressure Amid Weak China Data


Chinese equities slipped after fresh data revealed slower-than-expected economic growth. April retail sales in China rose just 5.1% year-on-year, missing forecasts, while industrial output growth eased to 6.1% from 7.7% in March. The slowdown raises concerns over excess inventories and reduced domestic demand, particularly in the wake of the ongoing US-China trade tensions.


The Hang Seng in Hong Kong fell 0.7% to 23,184.74, and Shanghai’s Composite Index edged down 0.2% to 3,361.72. Japan’s Nikkei 225 dropped 0.4%, Korea’s Kospi lost 1%, and Taiwan’s Taiex shed 0.8%. Australia’s ASX 200 declined 0.1%.


Adding to the pessimism, China’s property market showed no signs of recovery, with new home prices unchanged in April, marking nearly two years of stagnant growth despite government support efforts.


Trade War Uncertainty Looms Over Markets


Tensions between the US and its trading partners continue to add volatility. Treasury Secretary Scott Bessent warned that President Donald Trump would impose tariffs on countries not negotiating in ‘good faith.’ Although Bessent did not clarify what qualifies as ‘good faith,’ he stated that letters outlining tariff rates would be sent to non-compliant nations.


Trump has already shifted tariff rates multiple times this year. In April, he reduced most tariffs to 10% for 90 days to encourage negotiations, while tariffs on Chinese imports were adjusted to 30%.


Despite last week’s 90-day standstill agreement between the US and China, investor sentiment remains fragile amid concerns over Trump’s unpredictable trade policies.


Wall Street Rallies but Risks Remain


Despite the looming economic headwinds, Wall Street closed higher last week. The S&P 500 gained 0.7% to 5,958.38, bringing it within 3% of its February all-time high. The Dow climbed 0.8% to 42,654.74, while the Nasdaq rose 0.5% to 19,211.10. Optimism over potential tariff rollbacks helped fuel the rally, but fears of a recession and stubborn inflation still weigh heavily.


Moody’s downgrade also underscores long-term structural challenges for the US economy, as successive administrations have failed to rein in government spending.


Consumer Sentiment, Inflation Expectations Worsen


The University of Michigan’s latest consumer sentiment index showed another decline in May, though the pace of deterioration slowed. More troubling, Americans now expect inflation to reach 7.3% over the next year, up from 6.5% the month before, further complicating the Federal Reserve’s path toward rate cuts.


Hope remains that softer inflation readings and slowing economic activity could eventually prompt the Fed to ease monetary policy,a key support for markets facing trade shocks and fiscal uncertainty.


Gold Gains on Safe-Haven Demand


Gold prices edged higher as investors turned to safe-haven assets amid mounting US fiscal concerns. Spot gold rose 0.5% to $3,218.30 an ounce in Singapore after briefly surging as much as 1.4% earlier in the session. The Bloomberg Dollar Spot Index slipped 0.2%.


Moody’s downgrade of the US credit rating supported gold’s appeal. The precious metal, which hit record highs above $3,500 an ounce last month, remains up over 20% this year despite recent pullbacks driven by easing geopolitical tensions.





Oil Prices Dip on Weak Data and Credit Worries


Oil prices fell Monday following the US credit rating downgrade and underwhelming Chinese economic data. Brent crude slipped 0.5% to $65.06 a barrel, while US West Texas Intermediate (WTI) dropped 0.4% to $62.23. The more actively traded July WTI contract also fell 0.5% to $61.66.


While the recent truce between the US and China initially lifted crude prices, concerns over the durability of the agreement and China’s faltering recovery have kept investors cautious.


Oil Prices Dip on Weak Data and Credit Worries


In corporate news, Charter Communications rose 1.8% after announcing a merger with Cox Communications. The combined entity will retain the Cox name and be headquartered in Stamford, Connecticut.


Nvidia-backed CoreWeave jumped 22.1% after the tech giant increased its stake in the AI cloud computing firm from just under 6% to 7%.


Meanwhile, US-listed shares of Novo Nordisk fell 2.7% after the company announced CEO Lars Fruergaard Jørgensen will step down amid recent market challenges, despite the popularity of its Wegovy weight-loss drug.


Outlook: Uncertainty Ahead


With the US credit rating downgrade, wavering trade relationships, and mixed economic signals from China, financial markets are likely to remain volatile. While some positive inflation data could support a dovish Fed pivot later in the year, uncertainty over global trade policies and fiscal stability will continue to dominate investor sentiment.


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 of how markets work. Click HERE to register for FREE!


Click HERE to READ more Market news.


Andria Pichidi
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 Leveraged 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.

[HFM]

Date: 06th June 2025.


Asian Markets Rise as Investors Await Critical US Jobs Data Amid Political Turmoil.



Trading Leveraged products is Risky


Markets across Asia posted gains on Friday as investors positioned themselves ahead of the highly anticipated US employment report, which is expected to provide crucial insights into the health of the American economy. The May jobs data takes on heightened significance amid ongoing political tensions between President Trump and Elon Musk, with American stock futures climbing modestly while crude oil prices declined, setting the stage for another potentially volatile trading session.


Asian Markets Show Resilience


Japan's Nikkei 225 advanced 0.5% to reach 37,730.67, and South Korea's Kospi surged 1.5% to 2,812.05. However, Hong Kong's Hang Seng retreated 0.4% to 23,817.10, while China's Shanghai Composite managed a slight 0.1% increase to 3,385.91. Australia's S&P/ASX 200 remained essentially flat at 8,536.40, and India's Sensex climbed 0.6%.


[b]US Markets Struggle Amid Political Uncertainty/b]


US markets struggled on Thursday, with the S&P 500 declining 0.5% to 5,939.30, marking its first retreat after three consecutive days of gains. Following a strong May rally that brought the index close to record highs, the benchmark has recently stalled. The Dow Jones fell 0.3% to 42,319.74, while the Nasdaq dropped 0.8% to 19,298.45.





Market attention turns to the upcoming May jobs report from the Labor Department, with analysts anticipating weaker job growth compared to April. Employment strength has been crucial for supporting the US economy, though concerns mount that uncertainty surrounding President Trump's fluctuating tariff policies might cause employers to halt hiring decisions.


Musk-Trump Feud Rocks Markets


The market's attention was dominated by an explosive public confrontation between Elon Musk and President Donald Trump that sent shockwaves through the investment community. Musk indicated he would seek to de-escalate tensions after their alliance deteriorated into an open battle on Thursday, when Musk demanded Trump's impeachment and suggested the president was concealing Jeffrey Epstein-related documents due to potential personal involvement.


Trump retaliated by threatening to terminate the tech mogul's lucrative government contracts, responding to Musk's persistent calls for Republicans to reject the president's key tax package over deficit concerns. The hostilities briefly intensified when Trump announced plans to discontinue SpaceX's Dragon spacecraft program.


However, Musk quickly backtracked after receiving conciliatory advice from social media users. 'Good advice,' Musk replied to calls for cooling off, adding 'Ok, we won't decommission Dragon.' When billionaire Bill Ackman encouraged them to reconcile 'for the benefit of our great country,' Musk acknowledged, 'You're not wrong.'


This dramatic split between two figures who previously collaborated on government restructuring has created uncomfortable divisions within the Republican Party, forcing lawmakers to navigate between Musk's financial influence and Trump's political dominance. House Speaker Mike Johnson attempted to mediate, stating that 'policy differences shouldn't be personal' while maintaining his friendship with Musk. The White House has reportedly scheduled a call today with Musk to defuse tensions.


Tesla Bears the Brunt


Tesla shares experienced their steepest decline since March, falling 14% on Thursday as the Trump-Musk dispute intensified. The stock briefly plummeted 18% during trading—its worst intraday performance since September 2020—before recovering slightly. By Thursday's close, Tesla had dropped roughly 30% year-to-date, falling below the $1 trillion market capitalization threshold.


The decline began Tuesday after Musk denounced the GOP tax legislation as a 'disgusting abomination' and urged his X followers to 'kill the bill.' Investment analysts directly linked the stock's performance to the political feud. Paul Hickey from Bespoke Investment Group warned that Musk's deteriorating relationships across the political spectrum could trigger 'punitive actions' against his companies.


Trump publicly expressed disappointment with Musk's opposition, claiming the billionaire previously understood and supported the legislation until learning about potential EV mandate cuts. Musk disputed these assertions on social media.


Mixed Corporate Performance


Weekly unemployment claims exceeded forecasts on Thursday, reaching an eight-month peak despite remaining historically low. This coincided with Procter & Gamble announcing plans to eliminate up to 7,000 positions over two years, sending its shares down 1.9%. Brown-Forman experienced its worst trading day since 1972, tumbling 17.9%.


However, some companies bucked the negative trend. MongoDB stood out among gainers, jumping 12.8% following better-than-expected earnings. Circle Internet Group made a spectacular debut, soaring 168.5% on its first NYSE trading day.


Oil Markets Stabilize on Diplomatic Progress


Crude oil prices stabilized following Thursday's gains, buoyed by improved US-China relations after the leaders' phone conversation. Brent crude held around $65 per barrel, positioning for its first weekly increase since mid-May, while WTI remained near $63.


The Trump-Xi discussion focused on resolving tariff disputes and rare earth mineral supply issues, providing relief to markets concerned about demand destruction from trade wars. Oil has declined nearly 20% since Trump's January inauguration due to these trade tensions.


Market volatility has decreased since mid-May as traders balance various factors: diplomatic progress, seasonal demand increases, Middle Eastern geopolitical risks, and potential OPEC+ production increases. Analysts suggest the panic-driven selloff risk has diminished, with Saudi Arabia's stance on production restoration crucial when OPEC+ meets July 6 to set output levels.


Precious Metals Rally Continues
Silver approached 13-year peaks while platinum reached two-year highs, reflecting growing industrial metal demand. Silver rose following Thursday's 4.5% surge that pushed it above $36 per ounce—levels unseen since February 2012. Platinum gained 1.2% to $1,154.73.





The rally stems from technical momentum and improved fundamentals, including strong Indian silver demand and recovering Chinese platinum appetite. While both metals typically follow gold's haven appeal during uncertainty, their industrial applications provide additional support through solar panel and catalytic converter demand.


ETF holdings show positive momentum, with platinum funds growing over 3% since mid-May and silver funds expanding nearly 8% since February. Palladium also participated in the metals rally, climbing 1.2%. Gold advanced 0.5% to $3,368.79, targeting a 2.4% weekly gain.


Looking Ahead


The S&P 500's recovery hopes rest partly on expectations that Trump will reduce tariffs through new trade agreements. The index has rebounded strongly from a 20% decline two months ago and now sits just 3.3% below its all-time peak. However, the Musk-Trump feud introduces new uncertainty into markets previously focused on trade negotiations.


The 10-year Treasury yield remained steady at 4.40%, reflecting growing expectations for Federal Reserve rate cuts to support an economy potentially weakened by trade tensions. Investors await Friday's employment data following unexpected unemployment claims increases that boosted rate cut expectations.


In currency markets, the dollar strengthened to 143.77 yen from 143.49, while the euro weakened to $1.1438 from $1.1448, reflecting ongoing global economic uncertainties and shifting investor sentiment.


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 of how markets work. Click HERE to register for FREE!


Click HERE to READ more Market news.


Andria Pichidi
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 Leveraged 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.

[HFM]

Date: 23th June 2025.


The USD Benefits From Middle East Escalations



Trading Leveraged products is Risky


UK and European Purchasing Managers’ Indexes have been made publicly available but so far are not supporting either currency. So far, the best-performing currency is the US Dollar. The US will release its own PMI report at 13:45 GMT+0. The price of the US Dollar continues to witness the impact of the hawkish Federal Reserve and new escalations within the Middle East.


UK and EU PMI Data


The European PMI reports were the first to be made public. Both French PMI reports fell below expectations and below the previous month’s release. Particularly investors were concerned with the Manufacturing PMI which fell from 49.8 to 47.8. The German Manufacturing PMI read as expected while the Services PMI rose to a 2-month high.


A similar story for the UK, Manufacturing PMI data read higher than expectations while the Services PMI read as expected. However, the Great British Pound index still fell in value despite the report. In addition to this, the Pound also continues to remain under pressure from the Bank of England which held its interest rate at 4.25%, supported by six of the nine governing board members, in response to improved trading conditions following the agreement with the US. The Euro Index is currently trading at 0.56% lower and the Pound at 0.63%.


The Bank of England Governor’s speech tomorrow afternoon, along with Thursday’s address, will play a major role in driving the British Pound. Meanwhile, the Euro will see limited releases, with the German IFO Business Climate standing out as the key focus.


US Dollar And Middle East Escalation


The best-performing currency of the day is the US Dollar which is currently trading 0.69% higher so far today. The first reaction of the US Dollar after the US bombing of Fordow, Natanz and Isfahan was a downward price movement, however, the market since then has significantly risen in value. The US Dollar is currently trading at its highest price on June 11th.


The US Dollar strengthened as geopolitical tensions escalated after US strikes on Iranian nuclear sites triggering a lower risk appetite. However, traders will be closely monitoring the release of the US Manufacturing and Services PMI. Investors expect both PMI reports to be slightly weaker than the previous month, however, this cannot be certain until the release is made public.


EURUSD - Technical Analysis



EURUSD 2-Hour Chart


The EURUSD is currently trading below the 75-period EMA and is currently forming a descending triangle pattern on the 2-hour chart. The descending triangle pattern is known to provide a bearish bias as it trades below the 75-period EMA. However, the price is also trading at the support level. On smaller timeframes, the price continues to trade below the 200-period SMA but is retracing higher. However, the retracement is unable to maintain momentum and is forming lower highs.


Key Price Takeaways:


* USD leads as geopolitical tensions and Fed hawkishness boost demand; up 0.69% today.
* UK and EU PMIs failed to support GBP and EUR despite some stronger readings.
* BoE and ECB speeches/data remain key drivers; markets await US PMI release.
* EUR/USD shows bearish signals, trading below key EMAs in a descending triangle.


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 of how markets work. Click HERE to register for FREE!


Click HERE to READ more Market news.


Michalis Efthymiou
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 Leveraged 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.

[HFM]

Date: 1st April 2025.


Will Gold’s Rally Hold Strong as New Trade Tariffs Take Effect Tomorrow?



Trading Leveraged products is Risky


Gold continues to increase in value for a sixth consecutive day and is trading more than 17% higher in 2025. Amid fear of higher inflation, a recession and the tariffs war escalating investors continue to invest into Gold pushing demand higher. The trade policy from April 2nd onwards continues to be a key factor for the whole market. Can Gold maintain its upward trend?


Trade Policy From Tomorrow Onwards


Starting as soon as tomorrow, a 25% tariff will be imposed on all passenger cars imported into the United States. While this White House policy is anticipated to negatively affect European industrial performance, it will also lead to higher transportation and maintenance costs for everyday American taxpayers. The negative impact expected on both the EU and US is one of the reasons investors continue to buy Gold.


Additionally, last month, President Donald Trump announced reciprocal sanctions against any trade partners that impose import restrictions on US goods. Furthermore, tariffs on products from Canada and the EU could increase even more if they attempt to coordinate a response.


Overall, investors continue to worry that new trade barriers will prompt retaliatory measures, particularly from China, the Eurozone, and Japan. Any retaliation is likely to escalate the trade conflict and prompt another reaction from the US. Experts at Goldman Sachs and other investment banks warn that this will lead to rising inflation and unemployment. They also caution that it could effectively halt economic growth in the US.



XAUUSD 1-Hour Chart


The Weakness In The US Dollar


Another factor which is allowing the price of XAUUSD to increase in value is the US Dollar which has been unable to maintain any bullish momentum. Despite last week’s Core PCE Price Index rising to its highest level since February 2024, the US Dollar has been unable to see any significant rise in value. Due to the US Dollar and Gold's inverse correlation, the price of Gold is benefiting from the Dollar weakness.


Investors worry that new trade barriers will prompt retaliatory measures from China, the Eurozone, and Japan, potentially escalating the conflict. Experts at The Goldman Sachs Group Inc. believe that such actions by the US administration will drive rising inflation and unemployment while effectively halting economic growth in the country.


Can Gold Maintain Momentum?
When it comes to technical analysis, the price of Gold is not trading at a price where oscillators are indicating the instrument is overbought. The Relative Strength Index currently trades at 68.88, outside of the overbought area, since Gold’s price fell 0.65% during this morning’s session. However, even with this decline, the price still remains 0.40% higher than the day’s open price.


In terms of fundamental analysis, there continues to be plenty of factors indicating the price could continue to rise. However, the price movement of the week will also partially depend on the employment data from the US.


The US is due to release the JOLTS Job Vacancies for February this afternoon, the ADP Non-Farm Employment Change tomorrow, and the NFP Change and Unemployment Rate on Friday. If all data reads higher than expectations, investors may look to sell to lock in profits at the high price.




Key Takeaway Points:


* Gold’s Rally Continues – Up 17% in 2025 as investors seek safety from inflation, recession fears, and trade tensions.
* Trade War Impact – New US tariffs and potential retaliation from China, the EU, and Japan drive uncertainty, boosting Gold demand.
* Weak US Dollar – The Dollar’s struggle supports Gold’s rise due to their inverse correlation.
* Gold’s Outlook – Uptrend may continue, but US jobs data could trigger profit-taking.


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 of how markets work. Click HERE to register for FREE!


Click HERE to READ more Market news.


Michalis Efthymiou
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 Leveraged 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.

[HFM]

Date: 2nd April 2025.


Market on Edge: Tariff Announcement and Volatility Ahead!



Trading Leveraged products is Risky


The US economic and employment data continues to deteriorate with the job vacancies figures dropping to a 5-month low. In addition to this, the IMS Manufacturing PMI also fell below expectations. However, both the US Dollar and Gold declined simultaneously following the release of the two figures, an uncommon occurrence in the market. Traders expect a key factor to be today’s ‘liberation day’ where the US will impose tariffs on imports.


USDJPY - Traders Await Tariff Confirmation!


Traders looking to determine how the USDJPY will look today will find it difficult to determine until the US confirms its tariff plan. Today is the day when Trump previously stated he would finalize and announce his tariff plan. The administration has not yet released the policy, but investors expect it to be the most expansionary in a century. President Trump is due to speak at 20:00 GMT. On HFM's Calendar the speech is stated as "US Liberation Day Tariff Announcement".


Currently, analysts are expecting Trump’s Tariff Plan to impose tariffs on the EU, chips and pharmaceuticals later today as well as reciprocal tariffs. Economists have a good idea of how these tariffs may take effect, but reciprocal tariffs are still unspecified. In addition to this, 25% tariffs on the car industry will start tomorrow. The tariffs on the foreign cars industry are a factor which will particularly impact Japan. Although, traders should note that this is what is expected and is not yet finalised.


Last week, President Trump stated that he would implement retaliatory tariffs but allow exemptions for certain US trade partners. Treasury Secretary Mr Bessent and National Economic Council Director Mr Hassett suggested that the restrictions would primarily target 15 countries responsible for the bulk of the US trade deficit. However, yesterday, Trump contradicted these statements, asserting that additional duties would be imposed on any country that has implemented similar measures against US products.


The day’s volatility will depend on which route the US administration takes. The harshness of the policy will influence both the Japanese Yen as well as the US Dollar.



USDJPY 5-Minute Chart


US Economic and Employment Data


The JOLT Job Vacancies figure fell below expectations and is lower than the previous month’s figure. The JOLT Job Vacancies read 7.57 million whereas the average of the past 6 months is 7.78 million. The ISM Manufacturing Index also fell below the key level of 50.00 and was 5 points lower than what analysts were expecting.


The data is negative for the US Dollar, particularly as the latest release applies more pressure on the Federal Reserve to cut interest rates. However, this is unlikely to happen if the trade policy ignites higher and stickier inflation. In the Bank of Japan’s Governor's latest speech, Mr Ueda said that the tariffs are likely to trigger higher inflation.


USDJPY Technical Analysis


Currently, the Japanese Yen Index is the worst performing of the day while the US Dollar Index is more or less unchanged. However, this is something traders will continue to monitor as the EU session starts.


In the 2-hour timeframe, the USDJPY is trading at the neutral level below the 75-bar EMA and 100-bar SMA. The RSI and MACD is also at the neutral level meaning traders should be open to price movements in either direction. On the smaller timeframes, such as the 5-minute timeframe, there is a slight bias towards a bullish outcome. However, this is only likely if the latest bearish swing does not drop below the 200-Bar SMA.



The key resistant level can be seen at 150.262 and the support level at 149.115. Breakout levels are at 149.988 and 149.674.


Key Takeaway Points:


* Job vacancies hit a five-month low, and the ISM Manufacturing PMI missed expectations, adding pressure on the Federal Reserve regarding interest rate decisions.
* Traders await confirmation on Trump’s tariff policy, which is expected to impact the EU, chips, pharmaceuticals, and foreign car industries.
* The severity of the tariffs will influence both the JPY and the USD, with traders waiting for final policy details.
* The Japanese Yen Index is the worst index of the day while the US Dollar Index is unchanged.


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 of how markets work. Click HERE to register for FREE!


Click HERE to READ more Market news.


Michalis Efthymiou
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 Leveraged 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.

[HFM]

Date: 29th April 2025.


NASDAQ Climbs Higher as Markets Brace for Key Earnings and Jobs Data!



Trading Leveraged products is Risky


The NASDAQ rose to a 4-week high as investors get ready for a crucial week ahead. The NASDAQ has earned back 46% of the price lost during the stock market crash seen in March and April. However, what is needed for the correction to continue? This week can be the deciding factor.


NASDAQ - Quarterly Earnings Report


Over a period of 48 hours, the NASDAQ will see 5 significant companies release their earnings report for the first quarter of 2025. The NASDAQ’s exposure as an index is exactly 27% towards these companies making the 48-hour crucial for the index. These 5 companies include the following:


* Microsoft: Wednesday after market close - Up 7.61% over the past 5 days
* Meta: Wednesday after market close - 11.84% over the past 5 days
* Qualcomm: Wednesday after market close - 7.96% over the past 5 days
* Apple: Thursday after market close - 7.07% over the past 5 days
* Amazon: Thursday after market close - 10.45% over the past 5 days


The price movement of the 5 stocks over the past week has been relatively positive, but this is also partially due to the improvements in investor sentiment. Therefore, it is not necessarily solely due to the upcoming earnings reports. Out of the 5 stocks, analysts expect only Microsoft and Meta to see higher earnings and revenue compared to the previous quarter. However, the key concern for investors is that the actual figures either exceed or at least match the projections.


If the companies beat the expectations, investors are likely to witness the bullish momentum continue and potentially gain speed. However, if the companies fail to do so, the index can quickly correct itself, moving back down. Another factor which the market will be laser-focused on is the comments from the board of directors on current concerns such as a possible recession and the trade policy. If the comments provide a positive tone and a sense of hope, the risk appetite can improve and support stocks across the board.


NASDAQ - Employment To Play A Key Role!


As recession fears grow and economists raise the likelihood of a downturn to 30–50%, attention shifts to the employment sector. This week will be key for employment as the US will confirm the number of new job vacancies, the unemployment rate and new confirmed employment.


On occasions, stronger employment data can pressure the stock market as it's likely to keep interest rates high. However, under the current circumstances, a positive release from all US news potential may support the NASDAQ. Analysts expect the Unemployment Rate and JOLTS Job Opening figures to be similar to the previous month. However, the NFP Employment Change may dip!


In addition to the employment data and earnings reports, investors will also monitor and analyse the Advanced Quarterly GDP and Core PCE Price Index. Currently, analysts expect the Core PCE Price Index to fall from 2.8% to 2.6%. If the index indeed falls to this level, volatility may be limited with a slight bullish bias. However, if the figure falls below 2.6% the NASDAQ potentially can increase further.


NASDAQ - Technical Analysis


The NASDAQ is trading above the trendlines on a 2-hour timeframe and above the Volume-Weighted Average for the day. These two factors indicate a bullish bias and bullish signals are likely to strengthen if the price rises above $19,496.31 according to price action. However, if the price falls below $19,357.30, the NASDAQ’s outlook will quickly change.


Traders should note that this week’s price movement will be dependent on the developments from earnings, trade policy and the employment sector.





Key Takeaway Points:


* Microsoft, Meta, Qualcomm, Apple, and Amazon will report earnings within 48 hours, and with a combined 27% index weight, their results could significantly impact the market's direction.
* Recent stock gains suggest that investor sentiment is improving. However, sustained bullish momentum will depend on whether these companies meet or exceed earnings expectations and provide optimistic guidance.
* Investors will also closely watch US employment data, GDP figures, and the Core PCE Price Index. A drop in inflation below 2.6% could potentially provide additional support for the NASDAQ.
* Technically, the NASDAQ maintains a bullish outlook while trading above key trendlines, but a move below $19,357.30 could signal a shift toward a bearish trend.


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 of how markets work. Click HERE to register for FREE!


Click HERE to READ more Market news.


Michalis Efthymiou
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 Leveraged 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.

[HFM]

Date: 22nd May 2025.


Bitcoin Surges Above $111K for the First Time as Institutional Demand and Regulatory Optimism Fuel Rally.



Trading Leveraged products is Risky


Crypto markets outperform as equities stumble under bond market pressure and rising US debt concerns.


Bitcoin hit a new record high on Thursday, crossing the $111,000 threshold for the first time amid growing institutional interest and hopes for improved regulatory clarity in the US. The digital asset rose as much as 3.3% to reach $111,878, according to Bloomberg. Ethereum, the second-largest cryptocurrency, also saw notable gains, climbing up to 5.5% intraday.





Sentiment was lifted by progress in the US Senate on a key stablecoin bill, which investors interpret as a sign of potential pro-crypto regulation under President Donald Trump. This comes alongside mounting demand from major institutional players, including Michael Saylor’s Strategy, which now holds over $50 billion in Bitcoin.


There’s no shortage of demand for BTC from SPAC and PIPE deals, which is manifesting in the premium on Coinbase spot prices.


Several newly formed or obscure public companies are driving fresh demand, funding their Bitcoin purchases through convertible debt, preferred equity, and other instruments. One example is Twenty One Capital Inc., a new firm modelled after Strategy and launched by an affiliate of Cantor Fitzgerald LP in partnership with Tether Holdings SA and SoftBank Group. Meanwhile, a merger between a subsidiary of Strive Enterprises Inc., co-founded by Vivek Ramaswamy, and Nasdaq-listed Asset Entities Inc. will create a Bitcoin treasury company.


‘This rally is not just momentum-driven’, said Julia Zhou, COO of Caladan, a crypto market maker. ‘It’s supported by tangible, sustained demand and supply dislocations’


Bitcoin’s dominance is growing, as alternative cryptocurrencies struggle. An index tracking smaller altcoins has declined about 40% in 2025, while Bitcoin is up 17% year-to-date.


In the ETF space, 12 US Bitcoin exchange-traded funds have attracted around $4.2 billion in inflows this month. On Deribit, the largest crypto options exchange, open interest is heavily concentrated around June 27 expiry calls at $110,000, $120,000, and even $300,000.


The latest breakout confirms the broader bullish trend. The sharp pullback from January’s highs to below $75,000 in April now looks like a correction within a bull market. A firm break above $110,000 could set the stage for a move toward $125,000.


The latest rally coincides with a private dinner on Thursday between Trump and top holders of his memecoin at his golf club near Washington. Ethics experts warn that such events raise concerns about potential conflicts of interest and access through financial contributions. However, analysts say the meeting has had minimal direct market impact.


Asian Markets Retreat on Bond Market Worries and US Debt Concerns


Asian equity markets fell sharply on Thursday as pressure from rising US Treasury yields and concerns over surging American debt rattled investor confidence.


Japan’s Nikkei 225 dropped 1.0% to 36,944.55, while Hong Kong’s Hang Seng Index fell 0.9% to 23,615.21. Mainland China’s Shanghai Composite edged 0.1% lower to 3,383.10. Australia’s ASX 200 slid 0.5% to 8,342.80, and South Korea’s Kospi lost 1.1% to settle at 2,595.69.


The US still has the biggest markets and deepest liquidity, but not even dollar inertia can outrun compound interest and structural deficits forever. The weaker US dollar also weighed on regional markets. A depreciating dollar undermines the value of Asian nations’ dollar-denominated assets and negatively impacts exporters like Japan’s automakers, whose overseas profits diminish when converted to local currency.


In currency markets, the greenback slipped to 143.27 Japanese yen from 143.68 yen. The euro strengthened slightly to $1.1335 from $1.1330. A year ago, the dollar was trading near 150 yen.


Investors are also increasingly wary of President Trump’s policy decisions, particularly on tariffs that affect Asian firms and ongoing negotiations in Congress over a major funding bill.


Wall Street Flat Ahead of Tax Vote


US stock futures were little changed early Thursday as markets awaited the outcome of a vote on President Trump’s proposed tax reform bill. Dow futures dipped 0.1%, while S&P 500 and Nasdaq 100 futures traded flat.


Despite internal GOP disagreements, House Speaker Mike Johnson said a floor vote could happen as early as Thursday night. The latest version of the bill includes more generous deductions for state and local taxes (SALT), aimed at appeasing Republican holdouts.


However, unresolved issues surrounding Medicaid funding and green energy tax credits have investors concerned. Moody’s recently downgraded the US credit outlook, citing the bill’s potentially massive deficit implications as a contributing factor.


Markets reacted on Wednesday with broad declines and a jump in bond yields. The 30-year Treasury yield briefly breached 5%, its highest in months, amid renewed concerns over the US’s growing debt burden.


Beyond politics, investors on Thursday will also digest key economic data, including weekly jobless claims, existing home sales, and the ISM’s Purchasing Managers’ Index (PMI).


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 of how markets work. Click HERE to register for FREE!


Click HERE to READ more Market news.


Andria Pichidi
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 Leveraged 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.

[HFM]

Date: 10thJune 2025.


Market on Edge As Trade Negotiation Deadline Approaches!



Trading Leveraged products is Risky


Investors are realising that the ‘temporary pause’ on reciprocal tariffs is slowly approaching its deadline triggering a sense of uncertainty. This is something that is reflected in today’s pricing, particularly the stock market and the US Dollar. Clearer projections for the market’s price movements are likely to be available when the outcome of today’s meeting between the US and China comes to a close. For China, the current deal with the US will end on August 14th and for most other countries on July 8th.


Will the US and China Agree on a New Deal?


The US and China will continue negotiations this morning in London at 10:00 local time. Yesterday, the negotiations lasted more than 6 hours, but beared no fruit. Due to this, the market at times saw large retracements and for some assets even corrections. Currently, the market pricing is not conveying any signs of optimism but a clear ‘wait and see’ stance.


Kevin Hassett, the White House Economic Adviser, yesterday spoke with journalists and sounded quite optimistic. The President also commented that while China is challenging to negotiate with, reaching a deal is both possible and crucial for both sides. The US leading negotiator, Secretary Scott Bessent, will leave the UK for the US this evening. As a result, today’s negotiations will be vital!


According to reports, currently, the main sticking point is China’s raw earth material which the US wishes to obtain easier access and China is looking to get more access to US technology and plane parts. According to Kevin Hassett, the US is willing to loosen restrictions on tech, but there have been no reports from the Chinese government as of yet.


NASDAQ (USA100)


The NASDAQ during this morning’s Asian session saw a significant increase rising more than 0.70%, but thereafter fell to the day’s low. This up- price movement clearly illustrates the market’s feeling of uncertainty while the US and China are yet to put pen to paper. On the one hand, the market is optimistic as the two countries have recently managed to agree on a temporary trade deal. The fact that such high ranks of participants from both sides indicates the seriousness of the intentions and the desire to reach a comprehensive agreement around ​​bilateral trade.


In terms of technical analysis, the NASDAQ continues to maintain a bullish bias regardless of today’s correction back to $21,746.05. The price continues to remain above the 75-period EMA and 100-period SMA. The price is trading below the VWAP so far, but this will become more important once the US session opens. In terms of price waves, the asset continues to see higher highs and lows. The price, however, will all depend on today's negotiations.



NASDAQ 1-Hour Chart


Lastly, a positive factor for the NASDAQ is that the Put and Call ratio is again declining after slightly rising the week before. In addition to this, the VIX also continues to fall while 62% of the NASDAQ’s components are increasing in value.




US Dollar and Gold


The US Dollar is currently increasing in value and has risen to its highest price since May 30th. Even though the price of the US Dollar and Gold is traditionally inversely correlated, both assets are simultaneously increasing. However, if an agreement is signed by the US and China, Gold may lose momentum as the market’s sentiment improves. Currently, the US Dollar is the day’s best-performing currency.


The US Dollar Index has risen 0.44% so far. The second best-performing currency is the Japanese Yen while the worst is the British Pound (GBP). A key factor for the US Dollar will also be tomorrow’s US inflation rate. The market currently expects US inflation to rise from 2.3% to 2.5%. This would reduce the chances of the Federal Reserve cutting interest rates before autumn.



USDX 3-Hour Chart


Key Takeaway Points:


* The upcoming expiration of the tariff pause (July 8 globally, August 14 for China) is fueling investor caution, reflected in volatile stock and USD pricing.
* High-level negotiations in London continue, with no agreement yet. Today’s outcome is expected to strongly influence market direction. The US representatives remain optimistic supporting the market.
* Despite early gains, the index corrected back, showing investor indecision. Technicals remain bullish, but momentum hinges on trade talk results.
* The USD leads global currencies, buoyed by risk-off sentiment and expectations of rising inflation, while gold also climbs despite typical inverse correlation.


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 of how markets work. Click HERE to register for FREE!


Click HERE to READ more Market news.


Michalis Efthymiou
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 Leveraged 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.

[HFM]

Date: 2nd July 2025.


Canadian Dollar Wobbles as US Tariffs, Weak Economy Hit Loonie.



Trading Leveraged products is Risky


The threat of US tariffs and Trump’s halt to trade talks weighed on the CAD, with the Canadian economy projected to contract. Steady oil prices did little to help, and the Bank of Canada’s hawkish stance was not enough to stem the decline.


On Monday, White House Economic Adviser Kevin Hassett announced that the United States would soon resume trade talks with Canada. The move followed Canada’s decision to suspend a digital services tax targeting US technology companies. The suspension came just hours before the tax was due to take effect, indicating Canada’s efforts to resume stalled trade talks.


The Canadian Ministry of Finance confirmed that Prime Minister Mark Carney and US President Donald Trump would resume trade talks, with a target of reaching a deal by July 21. The positive developments provided a slight boost to the Canadian dollar (CAD).


Oil Price Pressure, US Debt Outlook


On the other hand, crude oil prices are facing pressure. Investors are weighing easing risks in the Middle East versus the prospect of a possible output increase by OPEC+ in August. This could potentially weigh on the Loonie, the commodity-linked Canadian dollar, and could limit further downside for the USDCAD pair.


Meanwhile, if Trump’s ‘One Big Beautiful Bill’ is passed, it is expected to add about $3.8 trillion to the US federal deficit. This widening fiscal imbalance could further weigh on the US dollar (USD) and potentially boost demand for gold as a safe-haven asset.


US Economic Data to Watch


On the economic front, the ISM Manufacturing PMI for June is expected to edge up from 48.5 to 48.8, indicating a slight increase in factory activity. The ADP employment report is also projected to show an increase in private sector job creation, with 85,000 jobs added compared to 37,000 in the previous month.


However, the main focus will shift to Friday’s Non-Farm Payrolls (NFP) report. Expectations point to a slowdown in hiring, with 110,000 jobs added in June, down from 139,000 in May. The unemployment rate is expected to edge up from 4.2% to 4.3%, reinforcing the narrative of a cooling labour market. What do you think, will the NFP report be the main determinant of the US Dollar’s ​​movement this week?


Canadian Dollar Under Pressure: US Tariff Threats, Weak Economy Hit Loonie


The Canadian Dollar (CAD) recently weakened above $1.37 per USD, pressured by a combination of new US tariff threats and trade policy uncertainty. The CAD had previously strengthened, but market sentiment has now turned around. The weakness was triggered by President Trump's announcement that he was ending all trade discussions with Canada over Canada's new digital services tax. Trump also warned of retaliatory tariffs, which immediately rattled exporters and dented confidence in near-term economic growth.





Domestically, the Canadian economy is expected to contract by a 0.1% monthly rate in April and May, highlighting Canada's vulnerability to potential US levies and dampening the outlook for trade-sensitive sectors. Although the Bank of Canada (BoC) kept its policy interest rate at 2.75%, citing strong core inflation and signalling that no further rate cuts are imminent, this hawkish stance has not been enough to counter the pressure from resurgent tariff fears.


From a technical perspective, the intraday bias in USDCAD is neutral after a temporary rebound from 1.3590. Broadly speaking, the pair is still likely to move to the bearish side below 200 bar EMA. On the downside, with a break of the 1.3590 temporary low a retest of the 1.3538 low should be done first. A strong break there would resume a larger decline. For now, the risk remains on the downside as long as the 1.3797 resistance holds, in case of a recovery.


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 of how markets work. Click HERE to register for FREE!


Click HERE to READ more Market news.


Ady Phangestu
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 Leveraged 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.

[HFM]

Date: 28th April 2025.


Can a Busy Week For the USD Revive The Dollar?



Trading Leveraged products is Risky


The first week of May for the US Dollar is likely to be the most important within the whole month. During this week, the US will confirm its NFP employment data, job openings, PCE Inflation, US company earnings and the Gross Domestic Product. The US Dollar has been the worst performing currency in 2025, but can this week’s releases change its performance?


Currency Market


In April, the best performing currencies are the Swiss Franc, Euro and Japanese due to their safe haven nature and a known alternative to the Dollar. The worst-performing currencies have been both the US Dollar and Australian Dollar. However, the US Dollar had slightly improved during the previous week meaning traders need to be cautious as to if the USD may retrace slightly higher.



AUDUSD


The performance of the US Dollar is likely to continue to depend primarily on the US trade policy. According to experts, over the past week, investor sentiment has improved but for this to continue the news will need to provide a positive tone.


Lastly, the Japanese Yen could see volatility in either direction as the Bank of Japan is due to announce its rate decision later this week. Analysts expect the rate to remain unchanged but Governor Ueda is likely to provide indications of future rate hikes.


Australian Dollar and Australian Elections


The main developments which will influence the dynamics of the Australian Dollar is the Consumer Price Index (inflation) on Wednesday, Retail Sales and the elections over the weekend. The Australian Dollar Index is trading 1.85% higher over the past month. However, the AUD is still underperforming compared to other currencies. The AUDUSD has struggled to cross above the 0.64069 resistance level over the past month.


The Australian Dollar has been struggling over the past month as economists believe the inflation rate will continue to fall close to the 2.0% target. Current expectations are that the inflation rate will fall from 2.4% to 2.3%. Economists say the likelihood of an interest rate cut in May is diminishing but was previously the main expectation. The Australian Dollar has recovered from the sharp decline that had triggered urgent calls for action from the Reserve Bank.


However, if the US Dollar is to increase in value traders may take into consideration two opinions. The first is to trade the AUDUSD as the Australian Dollar is the worst-performing currency or the USDCHF as the Swiss Franc is the best-performing currency and can more easily give up recent gains.


US Dollar and Upcoming Releases


The US Dollar was 1.65% after starting the previous week on a negative price gap. However, even with the upward price movement, the US Dollar Index remains relatively cheap and still trades at its lowest since July 2024. Gold also declines during Monday’s Asian Session which is another positive sign for the USD. The US will release the following data in the upcoming days:


* JOLTS Job Opening - Tomorrow
* ADP Non-Farm Employment Change - Wednesday
* US GDP - Wednesday
* Employment Cost Index - Wednesday
* Core PCE Price Index - Wednesday
* Weekly Unemployment Claims - Thursday
* ISM Manufacturing PMI - Thursday
* NFP Employment Change and Unemployment Rate - Friday


A big factor this week will continue to be the US Trade Negotiations. Yesterday, US President Donald Trump announced that negotiations between Washington and Beijing had already begun. However, Chinese officials denied that any talks were underway, fueling traders' uncertainty and dampening appetite for riskier assets. Nonetheless, the tone has been positive as both Trump and China advise they can make a trade agreement. China has already advised some goods will see tariffs lowered as a show of good faith.


Meanwhile, Trump signed an executive order to start a deep-sea mining initiative aimed at countering China’s dominance in certain commodities. The US plans to boost domestic production of nickel, copper, and rare earth elements.


Currently, the Federal Reserve is reluctant to cut interest rates but this can quickly change if employment data deteriorates. If the data this week beats expectations, the Fed is likely to stick to this tone and the US Dollar can gain bullish momentum. However, if this data reads weaker than the projections, the confidence in the Dollar can deteriorate and the Fed may be pressured to cut interest rates further pressuring the currency.


Key Takeaway Points:


* This week’s major US data releases could decide whether the US Dollar rebounds or continues to lag.
* Safe-haven currencies like the Swiss Franc and Yen remain stronger, but risks of losing momentum increase.
* The Australian Dollar faces pressure from slowing inflation, soft retail sales, and upcoming elections.
* Stronger US data and positive trade negotiations could fuel a Dollar recovery; weak data may trigger Fed rate cut fears.


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 of how markets work. Click HERE to register for FREE!


Click HERE to READ more Market news.


Michalis Efthymiou
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 Leveraged 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.