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Thread: Hotforex.com - Market Analysis and News.

  1. #641
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    dynamo - First and lasp post every thread AXITrader aff
    Date : 9th October 2017.

    MACRO EVENTS & NEWS OF 9th October 2017.




    FX News Today

    The September U.S. jobs report lived up to its “distorted” billing. But, while many of the stats showed outsized gains (in terms of earnings), or losses (in terms of jobs), they could be generally easily rationalized due to the hurricanes. The net result left intact the view that the FOMC will remain on its gradual course of normalization near-term. After the holiday break for the U.S., Canada, and Japan on Monday, markets will be back at full strength with China returning from a week long absence with PMIs on tap. Even before then, there is a risk of a constitutional showdown in Spain over the Catalonia independence vote and heavy-handed response by Madrid, which may yet have Brexit-like complications for the wary EU itself.

    United States: The U.S. economic calendar will get off to a slow start after the Columbus/Indigenous Peoples Day holiday break by the markets Monday, focused mainly on more questionable September data including potentially hurricane-impacted inflation and retail sales towards the end of the week.After NFIB small business optimism (Tuesday), MBA mortgage stats are due (Wednesday), along with JOLTS job openings and the FOMC minutes. Accordingly, September PPI is forecast to rise in August (Thursday). Also due then is recently choppy initial jobless claims, seen dropping another 22k to 238k as storm anomalies wash out of the data. Headline CPI is forecast to surge 0.6% in September from 0.4% due to the surge in petroleum prices, in August (Friday).

    Canada: A holiday-truncated week is thick with housing data (Monday is Thanksgiving Day). The week begins with September housing starts (Tuesday), expected to dip to 220.0k from the 223.2k in August. Housing permits (Tuesday) are seen slipping 1.0% m/m after the 3.5% drop in July. The August new home price index is due Thursday. The Teranet/National Bank housing price index for September is also due Thursday. There is nothing schedule from the Bank of Canada this week.

    Europe: This week’s data releases are unlikely to add much to the discussion as August production numbers are rather backward looking and final inflation numbers are not expected to bring decisive revisions. Developments in Spain, however, will be watched carefully. At the time of writing there was no sign of a breakthrough in the standoff between Madrid and Barcelona. EU officials are watching the situation nervously with a potential showdown on Monday. Wary of setting any type of precedent, they have made clear that an independent Catalonia would no longer be part of the EU, but clearly would prefer the conflict to be resolved without a secession at a time when Brexit talks loom. The data week starts with German August industrial production (Monday). The French production and overall Eurozone IP will be on Thursday. German trade data for August is also due and expected to show another hefty surplus, although the current recovery is more than previously driven by consumption and domestic demand. The main bulk of data releases centres on final September inflation readings, which are expected to confirm German HICP (Friday) at 1.8% y/y, the Spanish (Wednesday) reading at 1.9% y/y, the French (Thursday) at 1.1% y/y, and finally the Italian rate (Friday) at 1.1% y/y. This should leave overall Eurozone HICP inflation, due to the following week on course to be confirmed at 1.5% y/y, well below the ECB’s 2% upper limit for price stability, but also highlighting that the convergence of inflation rates that officials had been hoping would be one of the results of monetary union, hasn’t really happened.

    UK: Sterling last week saw its biggest weekly decline, of 2.5% versus the dollar, since August 2016, a time when markets were still reeling from the shock of the vote to leave the EU. Like then, the pound is in a tailspin over political and Brexit uncertainties. The calendar this week has the BRC retail sales report for September (Tuesday), industrial production and trade figures for August (also Tuesday), and the RICS house price balance (Thursday). The BRC report will be monitored to see if the consumer sector continues to hold up, buoyed by near record levels of employment and low borrowing rates, but challenged by an erosion in spending power with inflation exceeding pay increases. As for production, growth in industrial output is expected, which would be the same as in July.

    New Zealand: New Zealand’s calendar is thin this week. QV new home prices for September are due Tuesday. The Reserve Bank of New Zealand next meets on November 9. They held rates steady at 1.75% last week, matching expectations. The statement by Acting Governor Spencer was consistent with no change in rates for an extended period.

    Japan: The docket kicks off Tuesday after Monday’s holiday with the August current account, where the surplus is expected to narrow to JPY 2,200 bln from 2,320 bln. August machine orders is on Wednesday. The August tertiary industry index (Thursday) should rise 0.1% from the same previously. September PPI (Friday) is seen accelerating slightly to 3.1% y/y from 2.9% in August. Strength in oil prices may be offset by the firmer yen.

    China: Loan growth and new yuan loans for September (Tuesday) should show new loans rising to CNY 1,300 bln from 1,090 bln previously. The September trade report (Friday) is forecast to show the surplus narrowing to $39.0 bln from $41.9 bln. Exports likely remained solid, even to the U.S. despite some trade tensions.

    Australia: The Reserve Bank of Australia’s Financial Stability Review (Friday) headlines a thin week of data and events. RBA Deputy Governor Debelle speaks (Tuesday) at the FX Global code of conduct in Hong Kong. August housing investment (Thursday) is expected to gain 2.0% after the 2.9% rise in July.

    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 [Only registered and activated users can see links. ] to access the full HotForex 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 [Only registered and activated users can see links. ] to register for FREE!

    [Only registered and activated users can see links. ]


    Andria Pichidi
    Market Analyst
    HotForex


    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.

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  3. #642
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    Date : 10th October 2017.

    MACRO EVENTS & NEWS OF 10th October 2017.




    FX News Today

    European Outlook: Asian stock markets were mixed, long yields mostly higher. Japanese shares were underpinned by automakers after a three day weekend, the Hang Seng also moved higher, but the post-holiday rally in mainland China fizzled out and the ASX was under pressure as the currency strengthened. U.S. and U.K. stock futures are higher, but for the Eurozone, Spain will be a key focus as Catalan President Puigdemont is set to address lawmakers in Barcelona at 6 pm to discuss the outcome of the referendum, which delivered a resounding yes, but with a very low participation rate. The central government in Madrid meanwhile has pledged to maintain the unity of Spain and there is no support for Barcelona from the EU. Political events could well overshadow the local calendar, which includes industrial production data out of the U.K., France and Italy and finally U.K. trade numbers.

    FX Update: The dollar traded mostly softer yesterday in holiday thinned markets, with holidays affect major centres in both North America and Asia. The narrow trade-weighted USD index fell to a two-session low at 93.48, while EURUSD firmed to a two-session high of 1.1756. The dollar also traded at two-session lows versus sterling and the Australian dollar, while USDCAD gave back a chunk of the gains the pair saw on Friday following the U.S. and Canadian employment reports. USDJPY logged a three-session low at 112.33 in Asia before recouping above 112.50, remaining comfortably off from Friday’s three-month high at 113.44. New data and developments were thin on the ground, though Spanish markets priced out Catalan secession risks, with the movement’s leaders stalling amid not unjust concerns about economic mayhem. Geopolitical concerns remain amid reports that North Korea is planning another missile launch, and an escalating diplomatic spat between the U.S. and Turkey.

    Main Macro Events Today

    UK Manufacturing Production – Expectations – Down to 0.3% from 0.5% on July.

    UK Trade Balance – Expectations – At -11.20B from last month -11.58B.

    CAD Housing Starts – Expectations – to dip to 220.0k from the 223.2k in August. Housing permits are seen slipping 1.0% m/m in August after the 3.5% drop in July.

    FED Kashkari – Fed dove Kashkari, will open a regional conditions conference by his branch from 10 ET, followed by Dallas Fed centrist Kaplan who is taking part in a Q&A session at Stanford’s SIEPR after the close from 20 ET.

    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 [Only registered and activated users can see links. ] to access the full HotForex 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 [Only registered and activated users can see links. ] to register for FREE!

    [Only registered and activated users can see links. ]


    Andria Pichidi
    Market Analyst
    HotForex


    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.

  4. #643
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    Date : 11th October 2017.

    MACRO EVENTS & NEWS OF 11th October 2017.




    FX News Today

    European Outlook: Asian stock markets moved higher overnight and the Nikkei is set for the highest close since December 1996. Stronger than expected machinery orders for August underpinned an overall improvement in growth optimism, after the upbeat IMF outlook yesterday. Hang Send and CSI 300 are also posting gains and the ASX 200 outperformed as oil prices climbed above USD 51 per barrel. U.K. stock futures are also up as Sterling retreats. In the Eurozone the fact that the showdown between Madrid and Barcelona has been avoided will help to underpin sentiment. European stocks are set to extend gains and the GER30 may finally break the 1300 mark, but Bunds are likely to underperform as risk appetite returns and intra-Eurozone safe haven flows are being priced out. The local calendar is relatively quiet, with only the final reading of Spanish inflation data for September. Investors will also look ahead to the FOMC minutes as well as plenty of central bank speakers at the IMF and World Bank meetings in Washington.

    Catalan’s President backs down – Bund futures jump – briefly. Puidgemont rather than unilaterally declaring independence, proposed to suspend the result of the referendum and called for weeks of dialogue. Spain’s central administration had braced itself for a direct conflict, so this is at least a partial victory as Puidgemont seemed to back down first in this game of chicken. Still, with Catalonia suspending the result, rather than fully ignoring it Rajoy will likely still see this as blackmail and it remains to be seen whether he will now take a softer stance or continue to demand a full capitulation from the independent region. EURUSD dipped to 1.1796 from 1.1810 as the Catalonian leader said the current relationship with Spain is unsustainable. From there, the euro jumped to intra day highs of 1.1825 as Puigdemont said he would suspend a declaration of independence in order to pursue dialogue with Madrid.

    Main Macro Events Today

    FOMC Minutes – FOMC minutes to the September 19-20 policy meeting will provide some further details to the Fed’s recent thinking, but shouldn’t lead to any major revelations.After the policy statement, the economic projections, and Yellen’s press conference last month, as well as recent Fedspeak and data, the markets have all they need to in order to fine tune the outlook including pricing in a December rate hike.

    FOMC Williams Speech –

    ECB’ Praet speech –

    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 [Only registered and activated users can see links. ] to access the full HotForex 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 [Only registered and activated users can see links. ] to register for FREE!

    [Only registered and activated users can see links. ]


    Andria Pichidi
    Market Analyst
    HotForex


    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.

  5. #644
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    Date : 12th October 2017.

    MACRO EVENTS & NEWS OF 12th October 2017.




    FX News Today

    European Outlook: Asian stock markets are broadly higher, following on from gains on Wall Street yesterday, but UK100 and U.S. futures are heading south. Mixed signals then for European markets. The FOMC minutes confirmed that the Fed is on track to hike rates again at the December meeting, the BoE remains headed for a rate hike and the ECB is pretty much set to reduce asset purchases from early next year even if officials remain split on the size of the reduction and whether there should already be a signal that this is the beginning of the end for QE. Brexit talks remain in focus ahead of the crucial EU summit where officials will decide whether sufficient progress has been made for trade talks to begin this year. Meanwhile Spain’s hard line stance on Catalonia and signs that the front in Barcelona is cracking has helped peripheral bond yields to drop sharply yesterday and it remains to be seen whether the gains in bonds can be held. With the data calendar relatively quiet again, politics and central bank speeches will remain in focus. The Eurozone has industrial production for August and there are inflation numbers out of France and Sweden.

    FOMC minutes showed “many” saw another rate hike was warranted, while a smaller number (probably Kashkari, Evans, and Kaplan) thought action could wait. Several thought that further tightening should hinge on incoming data, though it was acknowledged that Hurricanes Harvey, Irma, and Maria would impact economic activity. There was active debate over inflation and wages. While many saw some of the softening in inflation as due to idiosyncratic factors, other factors could be at work too and there was concern that such influences could be more persistent. Also, “several expressed concern that the persistence of low rates of inflation might imply that the underlying trend was running below 2%.”

    Main Macro Events Today

    EU Industial Production – Expectations – 0.5% m/m from 0.1% seen in August.

    US Jobless Claims & PPI – Expectations – September PPI is forecast to rise 0.4% vs 0.2% in August, while rising 0.2% core and 2.1% core y/y. Also due then is recently choppy initial jobless claims, seen dropping another 22k to 238k as storm anomalies wash out of the data.

    ECB speeches – ECB President Draghi and ECB’s Praet speak in Washington and New York respectively.

    FOMC Speeches – Governor Powell addresses “Prospects for Emerging Market Economies in a Normalizing Global Economy” from 10:30 ET and Governor Brainard takes part in a monetary policy panel at the Peterson Institute from 10:30 ET.

    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 [Only registered and activated users can see links. ] to access the full HotForex 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 [Only registered and activated users can see links. ] to register for FREE!

    [Only registered and activated users can see links. ]


    Andria Pichidi
    Market Analyst
    HotForex


    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.

  6. #645
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    Date : 13th October 2017.

    MACRO EVENTS & NEWS OF 13th October 2017.




    FX News Today

    European Outlook: Topix and Nikkei rallied and are targeting fresh highs, boosted by technology companies and retailers as markets start to focus on earnings. Elsewhere gains were more mooted and Hang Seng and CSI 300 swung between gains and losses. U.S. stock futures are higher, UK100 futures slightly down, but for the Eurozone a Bloomberg report that the ECB is considering halving asset purchases next year, but with a longer than anticipated 9 months extension could help the GER30 to finally crack the 13000 mark and keep Bunds underpinned. Brexit risks meanwhile are weighing on U.K. markets as hopes of early trade talks were dashed by Barnier yesterday, although there is still the hope of a transition period, which would at least give more time for talks.

    FX Updates: EURUSD opened in N.Y. at 1.1860 highs, and spent much of the remainder of the session slowly grinding lower, basing at 1.1827 after the London close. The pairing traded under both its 50- and 20day moving averages, before reclaiming the levels into the close. Dovish fallout from Wednesday’s FOMC minutes continued to provide some support, though Friday’s U.S. CPI report may end up being a weight on the euro should data come in warm, as expected. Talk of a no-deal exit from the EU has been increasing, with five rounds of negotiation having reached “deadlock,” according to the EU’s chief Brexit negotiator, Barniar. He also said that the EU would agree to a two-year transitory period, to buy more time after actual Brexit occurs in March 2019. Cable surged to $1.3290 after EU’s Barnier’s comments.

    Main Macro Events Today

    US Retail Sales – Expectations – At 1.7% in September vs -0.2% in August, or 0.3% ex-auto.

    US CPI – Expectations – CPI is forecast to surge 0.6% in September from 0.4% due to the surge in petroleum price.

    ECB – ECB Vice President Vitor Constancio is due to speak at 12:30 GMT.

    FOMC Speeches – Boston Fed dove Rosengren opens a policy conference by his branch at 12:30 GMT. Evans is back on the economy and policy from 14:25 GMT, Kaplan takes Q&A at a CFA conference from 15:30 GMTand Powell is invited to speak at the Boston Fed conference from 17 GMT.

    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 [Only registered and activated users can see links. ] to access the full HotForex 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 [Only registered and activated users can see links. ] to register for FREE!

    [Only registered and activated users can see links. ]


    Andria Pichidi
    Market Analyst
    HotForex


    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.

  7. #646
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    Date : 16th October 2017.

    MACRO EVENTS & NEWS OF 16th October 2017.




    FX News Today

    Global economic activity has surprised to the upside this year, most recently manifest in the upward revisions from the IMF. And while there are a number of potential geopolitical headwinds that could slow, if not derail the momentum, recent economic reports from the U.S. suggest a measurable boost from Keynesian style pump-priming as the South and California recover from the hurricanes and fires that devastated the major regions. Meanwhile, the lack of inflationary pressures continues to baffle central bankers, keeping them on patient footing with respect to removing accommodation. Brexit is a major issue for the UK, while Europe is wrestling with the Spain-Catalonia constitutional crisis. The weekend’s Austrian elections may have some ripple effects and give populists and anti-EU forces fresh impetus. On Wednesday, the 19th National Congress of the Communist Party convenes. President Xi is widely expected to be re-elected and is expected to lay out another broad plan for growth. President Trump’s decision to decertify the Iran nuclear deal will add to global concerns, along with the ongoing threats from North Korea.

    United States: The Empire State index for October leads off (Monday), expected to decline to 21.0 after the 0.8 point slide to 24.4 in September. September industrial production (Tuesday) is forecast bouncing 0.4% after dropping 0.9% previously. Trade prices for September (Tuesday) should show a 0.8% climb in import prices, helped by energy, and a 0.5% gain in export prices. Housing starts for September (Wednesday) are expected to rise to a 1.200 mln pace following the 0.8% decline to 1.180 mln in August and the 2.2% drop in July to 1.190 mln. The October Philly Fed index (Thursday) is also expected to decline and September existing home sales (Friday) should inch up.

    Canada: In Canada, the Business Outlook Survey (Monday) headlines the data docket, with a solidly expansionary outlook, further unwinding of spare capacity and still well contained inflation expectations expected. August manufacturing (Wednesday) is expected to improve 0.5% after the 2.6% tumble in July. August retail sales (Friday) are seen rising 0.5% after the 0.4% improvement in July. CPI (Friday) is expected to rise 0.2% m/m in September after the 0.1% gain in August. All of the reports this week have the potential to alter the policy outlook, but at this point we view the outcome for October’s announcement as fairly well settled. BoC’s Wilkins appears in a panel discussion (Tuesday), with the appearance having minimal risk of containing anything policy relevant.

    Europe: Politics will continue to top the agenda. EU leaders will meet Thursday/Friday to talk Brexit. Meanwhile Spain’s constitutional crisis is not over yet. Puigdemont seemed to back down last week, but Rajoy’s ultimatum for a clarification on whether the Catalan leader actually unilaterally declared independence or not at his address to regional lawmakers runs out on October 16 and Madrid also demanded that Catalonia’s leader should respect Spain’s constitution and effectively end the move for independence by October 19.With that in mind the outcome of Austria’s election on October 15 could also have ripple effects and give populists and anti-EU forces fresh impetus. Latest opinion polls suggest that the conservative OeVP will be the strongest party, but the right wing FPOe is a close second. Clearly a good result for the FPOe would be cheered by the Front National in France and the AfP in Germany. In Germany itself the regional elections in Lower Saxony over the weekend will also be watched closely and the result of Merkel’s CDU could well impact support for the Chancellor within her own party as crucial coalition talks are about to start in earnest.

    Against that background the data calendar looks pretty tame and is unlikely to decisively impact the discussion on policy recalibration that is taking place at the ECB ahead of the next meeting at the end of the month. The final reading of Eurozone September HICP is unlikely to bring a major surprise and is expected to confirm the preliminary number of 1.5% y/y. Still too low for the central bank, especially as Draghi is not happy yet with underlying inflation and especially wage growth.

    UK:The pound, after posting its biggest weekly loss since August 2016 in the week prior, last week managed to rebound by over 1.5% versus the dollar and by about 1% versus both the euro and yen. The calendar this week is highlighted by inflation data for September (Tuesday) which expected at new cycle high of 3.0% y/y in headline CPI, and a core CPI reading of 2.8% y/y, after 2.7% in the month previous. Such outcomes would be comfortably in the range of BoE projections, and leave the central bank on course of what is now a widely expected 25 bp rate hike at the November policy meeting. Assuming sterling continues to hold up reasonably well, y/y CPI readings should come off the boil in upcoming months as the impact of the currency’s sharp decline following the Brexit vote in July 2019 falls out of the equation. Monthly labor data (Wednesday) should see the unemployment rate remain unchanged at 4.3%, and show average household earnings continue to lag inflation, with incomes expected to rise by 2.1% y/y in the three months to August. September retail sales (Thursday) is expected to show a 0.1% m/m contraction.

    New Zealand: New Zealand’s calendar has Q3 CPI, expected to expand 0.4% (q/q, sa) after the flat reading in Q2. CPI is expected to accelerate to a 1.8% y/y pace from the 1.7% growth rate in Q2. The Reserve Bank of New Zealand next meets on November 9. They held rates steady at 1.75% in September, matching expectations. The statement by Acting Governor Spencer was consistent with no change in rates for an extended period.

    Japan: Monday brings revised August industrial production, which is expected to remain unchanged at 2.1% y/y. Skipping to Thursday, the September trade report should reveal a surplus of JPY 400.0 bln, versus the 112.6 bln deficit in August. The September all-industry index (Thursday) is expected to rise 0.1% versus the 0.1% decline previously.

    China: September industrial production(Thursday) is estimated at 6.3% y/y from 6.0%, while September retail sales are penciled in at an unchanged 10.1% y/y. Q3 GDP (Friday) is expected at 6.9% y/y, unchanged from Q2.

    Australia: The minutes to the Reserve Bank of Australia’s October meeting are due Tuesday. RBA Assistant Governor (Economic) Ellis participates in a panel discussion (Tuesday). RBA Assistant Governor (Financial System) Bullock speaks to the Australian Shareholders Association (Thursday). Employment (Thursday) is seen rising 20.0k in September after the 54.2k gain in August. The unemployment rate is seen at 5.6%, matching the rate in August.

    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 [Only registered and activated users can see links. ] to access the full HotForex 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 [Only registered and activated users can see links. ] to register for FREE!

    [Only registered and activated users can see links. ]


    Andria Pichidi
    Market Analyst
    HotForex


    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.

  8. #647
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    Date : 17th October 2017.

    MACRO EVENTS & NEWS OF 17th October 2017.




    FX News Today

    European Outlook: Asian stock markets moved broadly higher, with Australia’s ASX outperforming as investors piled into miners and banks. So Australia’s hot streak continued with a more than 0.7% rise, while gains elsewhere were more muted as concerns about North Korea emerged and markets speculate about a more hawkish Fed post Yellen. North Korea warned that a nuclear war could “break out any moment”. U.S. and U.K. stock futures are narrowly mixed. May’s visit to Brussels yesterday doesn’t seem to have brought a major breakthrough while in Spain the situation is tensing up after Madrid prepares to replace Catalan security officials after the leaders of two grassroots independence groups were jailed yesterday. Amid ongoing political tensions the European calendar is heating up, with U.K. inflation data for September as well as German ZEW investor confidence and final Eurozone September HICP numbers.

    FX Updates: The dollar has continued to trade perkily. USDJPY flipped back above 112.00 as major Asian stock indices hit 10-year highs after Wall Street hit fresh record highs on Monday. The pair has a well-established tendency to correlate with notable moves in global equity markets, though persisting concerns about political disharmony in Spain and North Korea (Pyongyang threatened nuclear war could “break out at any moment”) may have been curtailing yen losses. EURUSD declined for a fourth consecutive session, this time logging a out a one-week low at 1.1756. The dollar also held firm against the Australian dollar and other dollar-bloc currencies, along with sterling and other currencies. Sterling for its part has seen little reaction thus far to news that British PM May and EU Commission President Juncker agreed at a supper meeting last night that Brexit negotiations should “accelerate over the months to come.”

    Main Macro Events Today

    UK PPI & CPI – Expectations – CPI at 3.0% y/y headline from 2.9% in August, and PPI at 1.2% in September from 1.6% m/m

    EU CPI and German ZEW – Expectations -EU CPI seen unchanged at 1.5% y/y and German ZEW to 20.0 from 17.0

    BoE Gov. Carney – Due to testify before the Treasury Select Committee, in London.

    US Industrial Production – Expectation – at 0.4% after dropping 0.9%, which should leave capacity utilization at 76.4% from 76.1%.

    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.

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    [Only registered and activated users can see links. ]


    Andria Pichidi
    Market Analyst
    HotForex


    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.

  9. #648
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    Date : 18th October 2017.

    MACRO EVENTS & NEWS OF 18th October 2017.




    FX News Today

    European Outlook: Asian stock markets traded cautiously as China’s Xi laid out his road map to 2015. Drug makers in Hong Kong and China outperformed, after the President vowed to develop the health industry. The Hang Seng is nevertheless slightly in the red and the Nikkei fluctuated amid concerns that indices are looking overbought. U.K. and U.S. futures are moving higher, after European markets closed mostly with slight losses yesterday and the GER30 failed to hold the 13000 mark. The Spanish IBEX outperformed despite the escalation of the Catalonia crisis, as Madrid prepares to take over control and Puigdemont faces a final ultimatum that runs out tomorrow. In the U.K. Brexit remains high on the agenda after the OECD warned of its negative impact on the economy and ahead of this week’s EU summit on the state of the talks. Data releases today focus on U.K. labour market data and especially wage growth, which will be watched closely by the BoE.

    U.S. reports revealed a Q3 underperformance for industrial production despite a 0.3% September bounce thanks to downward back-revisions, though a solid 3%-4% growth rate was expected for this index through Q4 and Q1. The September trade price figures beat estimates thanks to a 1.0% surge in export prices ex-agriculture and a 4.5% petroleum import price rise, leaving headline gains of 0.8% for exports and 0.7% for imports, and rebounding global growth will lift both trade prices and the factory sector going forward. We also saw an NAHB index bounce to 68 in October from 64.

    Main Macro Events Today

    ECB – ECB President Draghi is due to deliver opening speech at the ECB conference in Frankfurt.

    UK Labor data – Expectations -Unemployment rate remain unchanged at 4.3% and Household Earnings to rise by 2.1% y/y in the three months to August.

    US Housing Permits – Expectations – Rise to a 1.200 mln pace following the 0.8% decline in August.

    FOMC Speeches – NY Fed dove Dudley and Dallas Fed hawk Kaplan.

    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 [Only registered and activated users can see links. ] to access the full HotForex 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 [Only registered and activated users can see links. ] to register for FREE!

    [Only registered and activated users can see links. ]


    Andria Pichidi
    Market Analyst
    HotForex


    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.

  10. #649
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    Date : 19th October 2017.

    MACRO EVENTS & NEWS OF 19th October 2017.




    FX News Today

    European Outlook: Asian markets were mixed. Wall Street closed at record highs but a slight slow down in Chinese GDP growth to 6.8% from 6.9% was enough to knock back Hang Seng and CSI 300. By contrast strong trade data out of Japan helped to underpin the Nikkei. Bank of Korea meanwhile kept policy on hold, but for the first time in a year, there was no dissenter in favour of a rate hike. Oil prices little changed around the USD 52 per barrel mark and U.S. and U.K. stock futures are heading south, with markets correcting slightly after yesterday’s fresh run higher. The GER30 closed at record highs, the UK100 is no far off and with Bund futures lifting off lows in after hour trade yesterday, it may be time for markets to take a breather and some defensive trade today, as the EU’s Brexit summit and Spain’s deadline to Catalonia approach. Data releases today include U.K. retail sales as well as Swiss trade data.

    Main Macro Events Today

    UK Retail Sales- Expectations – a 0.1% m/m contraction.

    US Unemployment – Expectations -At 240K from 243K last week.

    Philly Fed Manufacturing Index – Expectations – to decline to 22.0 after the better than expected 4.9 point jump to 23.8 previously.

    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 [Only registered and activated users can see links. ] to access the full HotForex 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 [Only registered and activated users can see links. ] to register for FREE!

    [Only registered and activated users can see links. ]


    Andria Pichidi
    Market Analyst
    HotForex


    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.

  11. #650
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    Date : 20th October 2017.

    MACRO EVENTS & NEWS OF 20th October 2017.




    FX News Today

    European Outlook: The dollar has rallied across the board, up 0.3% versus the euro and by 0.6% against the yen, following news that the U.S. Senate had passed a budget blueprint that will help push forward the Republican party’s planned $1.5 tln tax cut. The news came after the close of Wall Street, and sparked a rally in U.S. equity index futures while lifting bourses across the Asia-Pacific region. USDJPY rallied to a two-week high of 113.30, gaining over 60 pips from the pre-news levels. EURUSD tumbled to a 1.1804 low from levels just above 1.1850. The relative underperformance of the yen, which is typical during bursts of risk-on sentiment in global markets, saw EURJPY and other yen crosses climb, as the dollar post gains versus the euro and most other currencies. Market participants will monitor the budget’s passage in the House. The budget, if passed, will open the door to expanding the federal deficit by $1.5 tln over 10 years, which will pay for the tax cut. This won’t be pleasing to fiscal conservatives in the House. Rand Paul was the only Republican to vote against in the Senate vote, and while there may be more opposition from House Republicans, the desire for a political has fostered a change in priorities.

    U.S. reports: revealed an October Philly Fed surge to a 5-month high of 27.9, and a 22k initial claims plunge to a 44-year low of 222k in the Columbus Day and BLS survey week, with little evidence of distortion from Nate and the California fires. The ISM-adjusted Philly Fed rose to a 6-month high of 59.7 in October from 59.0, and the employment index surged to an all-time high of 30.6 from 6.6. Monday’s Empire State rose to an 8-year high of 30.2 that was also seen in September of 2014. Rebuild activity should support continued sky-high producer sentiment levels into early-2018, and we face substantial upside risk for all the employment, GDP, and factory-sensitive measures into early-2018.
    Main Macro Events Today

    UK Public Borrowing – Expectations – at 5.7B from 5.1B last month.

    Canadian CPI and Retail Sales – Expectations -0.2% increase in September’s CPI and 0.1% increase in September’s Retail Sales.

    US Existing Home Sales – Expectations – Existing Home Sales Change (MoM) to increase by 0.7% up to -1.0% from -1.7% last month.

    FOMC – Fed’s Mester due to speak at 18:00 GMT and Fed’s Yellen at 23:30 GMT



    Support and Resistance Levels



    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 [Only registered and activated users can see links. ] to access the full HotForex 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 [Only registered and activated users can see links. ] to register for FREE!

    [Only registered and activated users can see links. ]


    Andria Pichidi
    Market Analyst
    HotForex


    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.

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