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Bitcoin => Bitcoin news, press hits, notable sources, gossips, scandals => Topic started by: HFM on November 02, 2018, 11:53:34 AM

Title: Hotforex.com - Market Analysis and News.
Post by: HFM on November 02, 2018, 11:53:34 AM

Date : 2nd November 2018.

MACRO EVENTS & NEWS OF 2nd November 2018.[/B][/font][/color]

FX News Today
[/color]Asian Market Wrap: 10-year Treasury yields are up 3.8 bp at 3.168%, 10-year JGB yields jumped 1.2 bp to 0.121% as Asian shares rallied on trade hopes. Bloomberg reported that Trump is seeking to reach a trade deal with China at the G20 meeting in Argentina later this month and has asked officials to begin drafting potential terms, with other reports suggesting that intellectual property rights are a key sticking point. Apple warned that sales for the crucial holiday quarter may miss expectations, but this was shrugged off amid hopes of a trade deal, which together with yesterday’s pledge from Chinese officials to support demand saw Topix and Nikkei gaining 1.64% and 2.56% respectively. The Hang Seng outperformed and was up 3.66% as of 6:08 GMT. The CSI also rose 3% and Shanghai and Shenzhen Comp gained 2.20% and 2.86%. US stock futures are also higher and oil prices reached a high of USD 63.95 per barrel, before falling back to now USD 63.81.FX Update: The Dollar and the Yen have traded generally weaker against most other currencies amid a backdrop of strongly-rebounding global stock markets. An ease between the US and China on trade, along with overall decent corporate earnings, mostly firm US data this week, and a plethora of stock-boosting measures by Beijing, have collectively elicited a rebound in stock markets. USDJPY has recouped to the 113.00 area, though Yen crosses have generally rallied by bigger magnitudes. The biggest percentage gainer has been AUDJPY, which has gained over 0.7% in what is now its sixth consecutive up day. EURUSD has rallied a third consecutive up day, posting a 9-day high of 1.1440 so far. The AUDUSD pegged a 5-week high at 0.7250, and USDCAD descended to an 8-day low at 1.3053, despite another sharp leg low in oil prices yesterday, which sent WTI benchmark prices to 7-month lows near $63.00.
Main Macro Events Today[/size]
[/color]* Euro Manufacturing PMI – Expectations – Eurozone PMI is expected to remain unchanged.* UK Construction PMI – Expectations – The October Construction PMI is expected to slip slightly by 52.00 after the 52.1 expansion seen in September.* Canadian Employment Change and Trade Balance – Expectations – The employment should post a 15.0k gain in October jobs,  following the 63.3k rise in September. The pace of wage growth is expected to slow further. The trade surplus is anticipated to narrow slightly to C$0.4 bln in September from C$0.5 bln in August.* US Non-Farm Payrolls  – Expectations – The October US employment expect to see a 194k headline for the month with a 195k private employment figure and unemployment holding steady at 3.7% for a second month. No disruption is expected from the landfalls of hurricanes Michael and Florence but the timing of these two events means that the impact on October payrolls will likely be offsetting.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.
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.[/size]
[/color]Andria PichidiMarket AnalystHotForex[/B][/font][/color]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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on December 10, 2018, 11:15:08 AM

Date : 10th December 2018.


MACRO EVENTS & NEWS OF 10th December 2018.



Main Macro Events This Week


Subpar headline jobs and earnings numbers have not altered expectations for a 25 bp increase in the funds rate band, however, at the upcoming December 18-19 FOMC meeting another tightening is forecast. Also on both the Fed and ECB radar screens are two chronic issues that have plagued Europe and added to market volatility – Brexit and Italy. The UK parliament votes on the May Brexit plan on December 10, while EU leaders hold a summit on December 13-14 and could decide whether to accept any alterations to the already agreed upon deal.


United States: The week ahead in the US will feature data on consumption and inflation, alongside readings on industrial production and business inventories. The economic calendar resumes with an update on JOLTS job openings (Monday), followed by the NFIB Small Business Optimism Index (Tuesday). Headline PPI is expected to be flat in November (Tuesday), and core prices should rise just 0.1%, following respective gains of 0.6% and 0.5% in October. MBA mortgage market data is on hand (Wednesday), along with a likely flat reading for headline CPI in November, after a 0.3% gain in October, while core prices should rise 0.2%, after a similar gain in October. EIA energy inventory data and the Treasury budget are due too (Wednesday). Initial jobless claims are estimated to decline 6k to 225k in the week ended December 8 (Thursday), after falling 4k to 231k in the week of December 1. November retail sales are seen rising just 0.1% (Friday).


Canada: A thin calendar in Canada this week, however, will not provide much in the way of key data. Housing starts (Monday) are expected to edge lower to 200.0k in November from 205.9k in October. Capacity utilization (Wednesday) is expected to rise to 86.0% in Q3 from 85.5% in Q2. The capacity use report is unlikely to make much of a splash given that BoC looks a variety of indicators of capacity use and will evaluate its estimate of the degree of slack in the economy given Statistics Canada’s revision to the GDP trajectory. The new housing price index (Thursday) is seen holding steady, while the Teranet/National Housing Price Index for November is due Wednesday.


Europe: With all eyes on the political stage this week, data releases are likely to take a back seat, even if the calendar includes key leading indicators. The last German ZEW Investor Confidence reading for the year (Tuesday) is expected to come in a little changed at -24.0 indicating that pessimists continue to outnumber optimists, which in the light of the sharp decline in stock markets over the past weeks is hardly a surprise. The preliminary Eurozone Composite Markit PMI is seen rising to 53.0 from 52.7 in the previous month. The German reading (Thursday) to be confirmed at 2.2% y/y. This is in line with ECB’s upper limit for price stability, but with core inflation still considerably lower. Meanwhile Eurozone October industrial production (Wednesday) is seen rising 0.3% m/m after the correction of -0.3% m/m in September. Again, little more than a stabilization, with uncertainty over the outlook weighing on confidence, even if companies continue to hold a large number of unfilled orders and the labour market is looking increasingly tight in key countries such as Germany.


UK: It’s Brexit-time this week. The parliamentary vote on the government’s Brexit deal is Tuesday. As of late last week, it continued to look highly likely that the deal will be voted down, though there is scope for a surprise, should Eurosceptic MPs decide that this is the best they’re going to get. If the deal is rejected, it would immediately create scope for multitude scenarios in the coming weeks depending on how big the defeat is.


Japan: The December MoF business outlook survey (Tuesday) is penciled in at 4.0 from 6.5 previously. October machinery orders (Wednesday) are expected to have rebounded 9.0% m/m from the record 18.3% decline in September. That drop was much worse than expected, even when taking into account the various natural disasters. November PPI (Wednesday) should cool to 2.4% y/y from 2.9% amid the drop in oil prices. The October tertiary index (Wednesday) is forecast rising 0.5% m/m as activity in the service sector improves, following the -1.1% September decline. The December Tankan index (Friday) is estimated dipping to 17 from 19 for large manufacturers, and 20 from 22 for large non-manufacturers as some optimism slides amid ongoing trade and growth worries. October revised industrial production is also due Friday.


China: The November industrial production (Friday) is forecast slowing slightly to 5.8% y/y from 5.9%, while November retail sales (Friday) is penciled in at 8.5% y/y from 8.6%, though risk is to the upside after record “Singles Day” sales.


Australia: The Q3 housing prices index (Tuesday) is seen falling 2.0% (q/q, sa) after the 0.7% contraction in Q2. RBA Head of Domestic Markets Department Kohler speaks at the 31st Australasian Finance and Banking conference in Sydney (Thursday).


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.


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.



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on December 12, 2018, 09:04:58 AM

Date : 12th December 2018.


MACRO EVENTS & NEWS OF 12th December 2018.



(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-12_09-03-41.png)


FX News Today


*USDJPY has posted a nine-day high of 113.51, in what is a second consecutive day of gains. AUDJPY has concurrently printed a six-day high, while EURJPY and other Yen crosses have seen intraday strength. A revival in risk appetite in global markets has seen the some of the Yen’s safe haven premium unwind.
*10-year Treasury yields are up 1.1 bp at 2.89% while 10-year JGB yields gained 0.8 bp and are at 0.045%, as stock markets rallied across Asia.


*Topix and Nikkei rallied 1.99% and 2.15% respectively, the Hang Seng gained 1.72%, Shanghai and Shenzhen Comp managed gains of 0.41% and 0.35% respectively and the ASX rose 1.39%.


*Markets in India, hit by the shock resignation of the central bank president yesterday, recovered after an ally of PM Narenda Modi took over.


*US stock futures are also broadly higher, led by a 0.9% rise in the NASDAQ futures and European stock futures are also moving up. Oil prices are trading at USD 52.32.


*News that Canada granted bail to Huawei’s CFO, arrested for extradition to the US, helped to ease tension outside of China.


*Trump sparked a risk-on turn after saying in an interview with Reuters that talks were ensuing with Beijing by phone, and that he would not raise tariffs on Chinese imports until he was sure about a deal.


*He also said that he could intervene in the case of the detained Huawei CFO if it would benefit US national security or help secure a trade deal with China and was ready to meet with President Xi Jinping. After signals that China may cut tariffs on auto imports, more positive signs are recorded on global trade tensions.


*Trump also added that it would be “foolish” for the Fed to hike rates at its policy meeting next week.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-12_09-02-14-696x299.png)


Main Macro Events Today


* Euro Area Industrial Production – Industrial Production in the Euro Area is expected to have increased by 0.2% m/m in October compared to -0.3% in September.


* US Inflation Rate – The US CPI inflation rate is expected to have stood at 2.2% y/y in November (both Core and Overall Indices), despite signs of a mild deceleration in growth, as per the NFP numbers.


* Teresa May scheduled to go to Ireland, possibility of no confidence vote as early as today.


* Junker and Italy’s Conte are to meet about the Italian budget.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-12_09-08-55-1.png)


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.


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.

Dr Nektarios Michail
Market Analyst
HotForex
[/B]
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on December 13, 2018, 10:20:32 AM

Date : 13th December 2018.


MACRO EVENTS & NEWS OF 13th December 2018.



(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-12_09-03-41.png)


FX News Today


*The stock rally continued during the Asian session – Nikkei gained 0.99%.


*Chinese markets outperformed as markets are growing more confident about the future of US-Sino trade relations amid reports of the first major soya bean purchases from China in a while.


*Also there are signs that Chinese authorities may scale back its push for high-tech industrial development, which could be the first step towards honouring US demands for stronger protection of US intellectual property rights.


*UK PM May survived the leadership battle although that doesn’t mean of course that she will be able to ratify her Brexit deal.


*GER30 and UK100 futures are trading narrowly mixed – PM May heads to Brussels to try and get more concessions that would help her get the hated Withdrawal Pact past lawmakers.


*WTI crude settled in lower $51.0s after ebbing from upper $52.0s yesterday.


*USDJPY has remained buoyant amid backdrop of reviving risk appetite.


*EURUSD has been oscillating in mid-to-upper 1.1300s.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-13_09-19-26-696x401.jpg)


Main Macro Events Today


* SNB Rate Desicion and Conference – The central bank is expected to leave policy unchanged and to repeat that the situation remains fragile as the currency remains “highly valued”. SNB continues to tread carefully amid heightened uncertainty, geopolitical risks and protectionist threats.


* ECB Rate Desicion and Conference – ECB is set confirm the future of QE and the re-investment schedule amid ongoing market turbulence and mounting political risk in Europe. ECB is expected to hold out for phase-out of QE by the end of the year, as planned.


* US Unemployment Claims – Expectation – Initial jobless claims are estimated to decline 6k to 225k in the week ended December 8, after falling 4k to 231k in the week of December 1.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-13_09-23-55.jpg)


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.


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.


[size=78%][/size]
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on December 17, 2018, 11:14:28 AM

Date : 17th December 2018.


MACRO EVENTS & NEWS OF 17th December 2018.



(https://analysis.hotforex.com/wp-content/uploads/2018/12/economic-week-nov16-2-696x364.jpg)


The Economic week ahead


Central bank meetings are the highlight, and include those of FOMC, BoE, BoJ, Bank Indonesia, Bank of Thailand, and Taiwan. Fed Chairman Powell is expected to play Santa Claus by delivering a 25 bp rate hike, wrapped in a dovish spin. Geopolitics remain important risk factors amid signs that tariff worries, Treasury curve inversions, China’s deceleration, Brexit uncertainties, Italy’s budget battles, and French riots are exacerbating a global slowing.


United States: The US calendar is dominated by FOMC meeting (Tuesday,Wednesday). Data is light and won’t factor materially into FOMC’s stance. FOMC is universally expected to deliver a 25 bps rate hike to increase the target band to 2.25% to 2.50%. Along with FOMC, there is also risk of a partial government shutdown at the end of the week. There won’t be any significant or meaningful impact on the economy from a temporary shutdown, but it could add to market nervousness and worries about the effects of reduced stimulus next year.


There are only a few tier one economic numbers this week and none will impact the FOMC decision. November personal income (Friday) is expected to rise 0.3% after a solid 0.5% pace in October. Consumption is expected to rise 0.3%. The December Empire State index (Monday) is expected to dip from 23.3 to 21.0. The Philly Fed index (Thursday) is seen rising to 19.0 in December from 12.9 in November.  Housing data are on tap, and all the November reports face downside risk from adverse weather and the California fires, but upside risk as prior disaster distortions are unwound. November durable goods orders (Friday) should rebound 1.7% in November, after a 4.3% October drop. The third reading on Q3 GDP growth (Friday) is expected unchanged at a 3.5% rate, though slower than Q2’s 4.1% clip.


Canada: It is a busy calendar and features several top-tier reports. Manufacturing shipments (Tuesday) are expected to rise 0.5% in October after the 0.2% gain in September. The CPI (Wednesday) is seen falling 0.4% m/m (nsa) in November after the 0.3% gain in October, as a 10% plunge in gasoline prices pulls the CPI lower relative to October. Retail sales (Friday) are projected to grow 0.5% in October after the 0.2% rise in September. GDP (Friday) is anticipated to rebound 0.1% in October after the 0.1% drop in September. BoC’s winter Business Outlook Survey (Friday) is expected to reveal a still upbeat outlook, although some caution may seep in given the daily swings in sentiment on the global trade outlook.


Europe: This week’s round of data releases should on the whole back the cautious stance of the central bank. The December German Ifo Business Climate (Tuesday) is expected to fall back to 101.7 from 102.0 in November, with the expectations reading in particular under pressure. The manufacturing sector looking shaky again amid fresh challenges for the automobile sector, which continues to struggle with emissions standards and the lingering diesel scandal, which has considerably undermined confidence, especially in Germany, where consumers are facing driving bans without compensation from producers.


Eurozone consumer confidence and German GfK consumer confidence (both Friday), are also likely to show the strain of negative headlines and dissatisfaction with government policies, despite ongoing improvement on labour markets and the forecasts for lower readings. The final reading of Eurozone CPI (Monday) is expected to confirm the core rate at just 1.0% y/y. The headline rate remains much higher at 2.0%, but remains impacted by base effects from energy prices, which are also underpinning very strong rates in German producer prices (Wednesday) and import price (Friday). The busy calendar also includes Eurozone trade and current account data as well as French consumption numbers and the final reading of French Q3 GDP. There also is ECB speak from Hansson (Wednesday).


UK: It’s “crystal clear” — in the words of European Commission President Juncker on Friday — that there won’t be any renegotiation by the EU, other than a clarification of the deal on offer. This suggests that the Withdrawal Agreement from the EU is headed for eventual failure in the UK Parliament. The parliamentary vote will be January; date undecided, but before the legislated deadline of January 21.


The calendar this week is busy and includes BoE’s December Monetary Policy Committee meeting (Thursday). However, this should prove to be a non-event for markets as no changes are all but certain. Data releases will be of limited interest given the now intense distraction of Brexit and associated political uncertainty in the UK. Data releases will be highlighted by the November inflation report, where CPI is expected to ebb to 2.3% from 2.4%. November retail ales and the third and final release of Q3 GDP are also due (Thursday and Friday, respectively).


Japan: BoJ announces policy (Wednesday, Thursday) with no changes expected. The November trade report (Wednesday) should see the deficit widen to JPY 700.0 bln from 450.0 bln previously. But there is risk from a weaker oil import bill. The October all-industry index (Thursday) is seen rising 1.5% from the prior 0.9% decline. November overall CPI (Friday) is penciled in sliding to a 0.7% y/y pace, half of the prior 1.4%, and to 0.9% y/y from 1.0% on a core basis.


Australia: The employment report (Thursday) is expected to reveal a 25.0k gain in November jobs after the 32.8k bounce in October. The unemployment rate is seen holding steady at 5.0%. The minutes to RBA’s December meeting are due on Tuesday. RBA held rates steady at 1.50% at the December 4 meeting. There are not any RBA speakers scheduled through year-end.


New Zealand’s calendar has Q3 GDP (Thursday), expected to slow to a 0.5% pace from the 1.0% rate of expansion in Q2 (q/q, sa). The trade deficit (Thursday) is projected to narrow to -NZ$1,000 mln in November from -1,295 mln in October. The next RBNZ meeting is February 13, 2019.


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.


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.



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on December 18, 2018, 10:29:44 AM

Date : 18th December 2018.


MACRO EVENTS & NEWS OF 18th December 2018.



(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-12_09-03-41.png)


FX News Today


* The 20-year Treasury yields are down -1.3 bp at 2.814%, as the sell off in stock markets, continued during the Asian session. Topix and Nikkei are down -1.99% and -1.82% respectively.


* Dovish RBA minutes: No strong case for a change in monetary policy.


* China’s President Xi Jinping offered no fresh stimulus plans or a further opening of the economy in his keynote speech marking 40-years of Chinese reforms.


* Concern rises over the outlook for Chinese and World Growth amid ongoing trade tensions weighing on sentiment.


* US stock futures are slightly higher though as the Fed decision comes into view, with Powell expected to confirm that the central bank will switch from autopilot to data dependency on rate hikes after the widely expected move this week.


* USA500 closed at the lowest level in 14 months.


* Oil prices declined and the WTI future fell back to $48.93 per barrel, as risk of demand destruction hits prices.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-18_08-51-36.jpg)


Main Macro Events Today


* German Ifo Business Climate – Expectations –  To fall back to 101.7 from 102.0 in November, with the expectations reading, in particular, under pressure. The manufacturing sector is looking shaky again amid fresh challenges for the automobile sector, which continues to struggle with emissions standards and the lingering diesel scandal, which has considerably undermined confidence, especially in Germany where consumers are facing driving bans without compensation from producers.


* US housing starts – Expectations – They are estimated slipping 0.2% to a 1.225 mln pace in November, after a 1.5% gain to 1.228 mln in October.


* Canadian Manufacturing shipments – Expectations – They are expected to rise 0.5% in October after the 0.2% gain in September.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-13_09-23-55.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on December 19, 2018, 10:03:33 AM

Date : 19th December 2018.


MACRO EVENTS & NEWS OF 19th December 2018.



(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-19_09-10-40-696x594.jpg)


FX News Today


* In Asia, long yields dipped in tandem with Treasury yields, with the 10-year Treasury yields are down -0.2 bp at 2.816%.


* Asian and European stock futures are mixed with all eyes on the Fed, with UK100 futures heading south, while GER30 futures are marginally higher. Topix and Nikkei are down -0.41% and -0.60%


* Oil prices fell to a low of just $46.10 before regaining some ground to now USD 46.50 per barrel.


* US budget update: Democrats rejected the bill offered by Senate Leader McConnell. Avoiding a government shutdown with a short-term spending bill before the holidays seems the most sensible solution, but this is the first major power play since the mid-term elections, which saw the House flip to the Democrats starting next year.


* Today, US futures gain following a mixed session for equities in Asia overnight.


* German producer price inflation came in higher than anticipated at 3.3% y/y.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-19_09-17-31.jpg)


Main Macro Events Today


* UK CPI – Expectations – The headline CPI is expected to ebb to 2.3% from 2.4%.


* BoC CPI and Core – Expectations – CPI is seen falling 0.4% m/m (nsa) in November after the 0.3% gain in October, as a 10% plunge in gasoline prices pulls the CPI lower relative to October. The CPI is seen slowing to a 1.8% y/y pace in November from the 2.4% clip in October, with gasoline prices again being the driver.


* FOMC Monetary policy and Conference – Expectations – A 25 bp tightening in the Fed funds rate is priced in. What will be key is what’s indicated about the 2019 rate trajectory.


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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on December 20, 2018, 09:53:03 AM

Date : 20th December 2018.


MACRO EVENTS & NEWS OF 20th December 2018.



(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-20_09-05-25-696x618.png)


FX News Today


* 10-year Treasury yields are down -0.2 bp at 2.753%, JGB yields fell back -0.3 bp to 0.019%, and 10-year Bund yields are down -2.2 bp at 0.214% in early trade, with yield curves flattening after the Fed’s decision to go ahead with the rate hike.


* Topix and Nikkei still lost -2.51% and -2.84% respectively. The Hang Seng is down -1.26%, the CSI 3090 down -0.91% and the ASX -1.34%. US and European futures are also firmly in the red.


* Oil prices remained under pressure and February WTI is up from yesterday’s lows at USD 47.17 per barrel.


* Markets clearly take a much more pessimistic view on the global economic outlook than central banks and the stock sell-off that started after the Fed disappointed markets and wasn’t as dovish as markets had hoped deepened during the Asian session.


* The better than expected data out of Japan, where the All Industry Index improved 1.9% m/m was overlooked.


* BoJ left rates on hold and also sounded cautious, but with the Yen strengthening.


* Today, US futures gain following a mixed session for equities in Asia overnight.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-20_09-01-57-696x292.png)


Main Macro Events Today


* UK Retail Sales – Retail Sales for November are expected to have declined to 2.3% y/y, compared to 2.7% in October, in view of increased uncertainty regarding Brexit.


* BoE Interest Rate Decision – BoE is not expected to make any interest rate changes as it is constrained by the overall Brexit progress and thus the interest rate is expected to remain at 0.75%.


* Jobless Claims and Philly Fed – Jobless Claims, both initial and continuing, are expected to register an increase this week, adding to worries about the US’s macroeconomic outlook. However, the Philly Fed index is expected to increase thus providing a mixed picture of the overall US economy.


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on December 21, 2018, 10:10:50 AM

Date : 21st December 2018.


MACRO EVENTS & NEWS OF 21st December 2018.



(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-20_09-05-25-696x618.png)


FX News Today


* The sell-off in stock markets continued during the Asian session after another slide in US shares.


* Signs of fresh tensions in US-Sino relations, the risk of a partial government shutdown in the US and general angst about the health of the world economy, added further pressure in stock markets.


* Oil prices remained under pressure and February WTI is up from yesterday’s lows at USD 47.17 per barrel.


* Topix and Nikkei lost -1.91% and -1.11% respectively as a stronger Yen added to pressure.


* WTI is trading at just $46.21 per barrel.


* EURUSD has settled in the mid 1.1400s.


* Sterling has become directionally dormant following recent Brexit-related volatility, with the UK Parliament now in recess until the new year and London interbank markets thinning out into the Christmas break.


* German consumer confidence unexpectedly held steady at 10.4 in the advance January reading, despite all the negative headlines and the turmoil on markets.


* French GDP was unexpectedly revised down while outlook deteriorates


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-21_10-01-34.jpg)


Main Macro Events Today


* UK GDP – The 3rd and final release of Q3 GDP is expected the latter unrevised at 0.6% q/q.


* Canadian Retail Sales and GDP – Retail sales are projected to grow 0.5% in October after the 0.2% rise in September. The ex-autos sales aggregate is projected to gain 0.1% after nudging 0.1% higher. GDP is anticipated to rebound 0.1% in October after the 0.1% drop in September.


* US Personal Spending – November personal income is expected to rise 0.3% after a solid 0.5% pace in October. Consumption is expected to rise 0.3% , half of the 0.6% October gain.


* US Durable Goods and Final GDP – November durable goods orders should rebound 1.7% in November, after a 4.3% October drop. The third reading on Q3 GDP growth is expected unchanged at a 3.5% rate, though slower than Q2’s 4.1% clip.


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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on December 24, 2018, 09:08:40 AM

Date : 24th December 2018.


MACRO EVENTS & NEWS OF 24th December 2018.



(https://analysis.hotforex.com/wp-content/uploads/2018/11/Economic-week-ahead-1068x590.jpg)


The Economic week ahead


Divergence between the rosier outlook on economic fundamentals of central banks and the darker omens signalled by the tightening up of the financial markets and deterioration in the commodity sector has grown.


Holiday thinned staffing in Europe, Asia and the US in the first half of the week will severely curtail trade, though what this means for volatility is anyone’s guess.


United States: Christmas week will be light on the data front and will include consumer confidence, new home sales and the advance indicator numbers. The Chicago Fed National Activity index (Monday) will be followed by the MBA mortgage market report (Wednesday), along with the Case Shiller home price index and Richmond Fed index. Initial jobless claims (Thursday) are estimated declining 4k to 210k in the week ended December 22, after rising 8k to 214k in the week of December 15. Consumer confidence (Thursday) is expected to slip to 135.0 in December, from 135.7 in November and New home sales (Thursday) should rise 2.9% to 560k in November. EIA energy inventories are also released. Advance indicators for December (Friday) should reveal an improvement in the trade balance for goods. NAR pending home sales (Friday) may rebound to 103.0 in November from 102.1, while Chicago PMI (Friday) is set to sink to 61.0 in December from 66.4.


Canada: For Canada, activity picks up in the first week of 2019, with the December employment report due on January 4. There is nothing from the Bank of Canada until the January 9 policy announcement.


Europe: There aren’t many full trading days left for 2018, with Germany, Switzerland, Scandi and many other European markets closed already on Monday for Christmas Eve and early closures in Paris and London, followed by a nearly full shutdown for Christmas on Tuesday as well as Wednesday. The shortened calendar week focuses on preliminary inflation data out of Germany and Spain on Friday. With import price inflation falling back sharply in November on the back of a sharp deceleration in energy price inflation we see the headline HICP rate for Germany falling back to just 1.9% y/y  from 2.2% y/y in the previous month.


Meanwhile, the ECB’s economic bulletin on Thursday is likely to be a close repeat of Draghi’s introductory statement at the last press conference and still send a cautiously optimistic message on the outlook


UK: London will be open for a half day on Monday before closing through to Thursday for the Christmas and Boxing Day holidays. Sterling markets will be as good as dormant until the new year, when the frustratingly unresolved Brexit solution will be back in sharp focus. The parliamentary vote on the Brexit deal and outline for a future relationship will take place in the week of January 14, before the legislated deadline of January 21.


Japan: Japan is closed Monday for Emperor’s Birthday. The economic calendar kicks off on Tuesday, with November services PMI (Tuesday), which is seen at a 1.2% y/y rate from 1.3%. The remainder of the docket comes on Friday and features December Tokyo CPI, which is expected to slow further to a 0.4% y/y pace, after sliding to 0.8% y/y in November from October’s 1.4% y/y. November unemployment is forecast at a steady 2.4%, with the job offers to seekers ratio unchanged at 1.62.


Australia: The calendar is empty in the final week of 2018, lacking economic releases or RBA speakers. The markets are closed Monday, Tuesday, Wednesday for Christmas. The next RBA meeting is on February 5, where no change to the 1.50% setting for the cash rate, is expected.


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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on December 27, 2018, 10:34:20 AM

Date : 27th December 2018.


MACRO EVENTS & NEWS OF 27th December 2018.



(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-27_10-01-36-696x194.png)


FX News Today


* The Dollar and Yen have weakened moderately against most other currencies, though the Australian Dollar has been an exception, with the antipodean currency underperforming following a weak industrial profit figure out of China.


* Topix and Nikkei closed with gains of 4.89% and 3.88% respectively, following gains of nearly 5% in the US stock markets.


* The stock market bounce, amid thin volumes, was due to US 2018 holiday sales rising by 5.1 percent from a year ago to over $850 billion, the strongest gain in six years.


* The stock market rally did not push through to China, as the Hang Seng lost early gains and is down -0.46% while Shanghai and Shenzhen Comp are down -0.17% and -0.15%. The CSI 300 is hanging on to a slight 0.13% gain.


* DAX and FTSE 100 futures are moving higher, but US futures are in slightly negative territory, indicating that markets remain fragile and oil prices erased some of yesterday’s jump, leaving the front end WTI future at USD 45.98 per barrel.


* Uncertainty also eased as words of confidence from President Trump’s economic adviser on Fed Chairman Powell and Treasury Secretary Mnuchin helped to underpin risk appetite.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-27_09-55-16-696x293.png)


Main Macro Events Today


* ECB Economic Bulletin – The ECB Bulletin includes the statistical data that the ECB Board evaluated when making the latest interest rate decision and provides a detailed forecast and overview of the Euro Area economic conditions.


* US Jobless Claims – Continuing Jobless Claims are expected to have declined in the past week, while Initial Jobless Claims are expected to have increased, thus providing a mixed picture of the US economic outlook.


* Conference Board Consumer Confidence – The Consumer Confidence Index is expected to be lower than the previous month, albeit still significantly higher than 100, thus suggesting that growth will persist.


* US New Home Sales – New Home Sales are expected to have increased by 0.562 million in November, compared to 0.544 million in October, suggesting that the housing market is still growing.


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on December 28, 2018, 10:11:18 AM

Date : 28th December 2018.


MACRO EVENTS & NEWS OF 28th December 2018.



(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-28_09-11-27-696x438.png)


FX News Today


* 10-year Treasury yields are up 0.7 bp at 2.773%, 10-year JGB rates down -2.0 bp at -0.012%.


* TJapanese stock markets underperformed with Topix and Nikkei losing 0.50% and 0.31% respectively, while most other equity markets managed to move higher after Wall Street closed with further gains. Hang Seng and CSI 300 are up 0.14% and 0.53% respectively, with the ASX managing to rise 1.02%.


* Weak data, which included a drop in headline inflation, weaker than expected retail sales and an unexpected slump in November production numbers underpinned JGBs and put pressure on local stock markets.


* USD declined on worse than expected Consumer Confidence and mixed Jobless Claims data, as well as due to rumours regarding an executive order banning US companies from using Huawei products.


* The Yen and the Swissy gained thanks to their safe haven status.


* US markets managed to recoup losses and close broadly higher.


* Oil prices are up from yesterday’s close and the front end WTI future is trading at USD 45.77 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-28_09-10-50-696x291.png)


Main Macro Events Today


* KOF Leading Indicator – The Composite Index of the Swiss economy is expected to show some signs of improvement and should stand at 99.5 in December, compared to 99.1 in November, still below the 100 mark indicating growth.


* Chicago PMI – While still remaining above 50, the December Chicago PMI is expected to come out worse than the November one, at 62, compared to 66.4 a month ago.


* Pending Home Sales – In conjunction with the mixed picture presented by the US economy, Pending Home Sales growth in November is expected to come out at -0.7%, compared to -2.6% in October.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on December 31, 2018, 11:46:10 AM

Date : 31st December 2018.


MACRO EVENTS & NEWS OF 31st December 2018.



(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-31_09-21-48-696x96.png)


FX News Today


* The Aussie Dollar strengthened on expectations of progress in trade talks between China and the US. President Trump said that he had a “long and very good call” with his Chinese counterpart Xi Jinping and a possible trade deal between the United States and China was progressing well.


* Still, market sentiment remains fragile over looming concerns of slowing global growth and a partial US government shutdown.
Bourses remained closed in Japan and mainland China, while markets in Australia closed early.


* The Hang Seng rallied 1.34%, compared to a -0.14% loss in the ASX and US futures are moving higher as traders put their hope in US-Sino trade talks.
The broad MSCI ex-Japan index managed a 0.6% gain, and US futures are also moving higher, suggesting a somewhat more mellow mood in markets on the last trading day of the year.


* The broad MSCI ex-Japan till lost 16% this year, while the Nikkei shed 12% in 2018 and the CSI 300 lost around a quarter of its value, highlighting that investors are taking a very gloomy view on the outlook for the world economy.


* Oil prices are moving higher and the front end WTI future is trading at USD 45.90 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2018/12/2018-12-31_09-08-43-696x297.png)


Main Macro Events Today


* KOF Leading Indicator – The Composite Index of the Swiss economy is expected to show some signs of improvement and should stand at 99.5 in December, compared to 99.1 in November, still below the 100 mark indicating growth.


* Chicago PMI – While still remaining above 50, the December Chicago PMI is expected to come out worse than the November one, at 62, compared to 66.4 a month ago.


* Pending Home Sales – In conjunction with the mixed picture presented by the US economy, Pending Home Sales growth in November is expected to come out at -0.7%, compared to -2.6% in October.


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 02, 2019, 11:03:30 AM

Date : 2nd January 2019.


MACRO EVENTS & NEWS OF 2nd January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-02_09-07-27-696x167.png)


FX News Today


* Markets didn’t have a good start to 2019 as disappointing data out of China rekindled concerns about the health of the Chinese economy.


* China’s Caixin manufacturing PMI fell into contraction territory at 49.7, which together with the fact that both private and official PMIs suggest a correction in orders inflow saw investors heading for cover.


* Japan remained closed but Hang Seng and CSI 300 declined -2.68% and -1.38% respectively, while the ASX lost -1.57%.


* Chinese 10-year yields dropped -12.1 bp and stock futures in the US and Europe are also heading south, indicating wide spread losses for stock markets on the first trading day of the year.


* The broad market movement suggests a drop of the Dollar, as a cautious mood prevailed on the first trading day of the year on concerns over global growth, the US government shutdown and a slower pace of Federal Reserve rate hikes.


* In addition, the worse than expected Dallas Fed index, which plunged to a 30-month low in the last day of the month also had its bearing on the Dollar.


* Oil prices also fell back and the front end WTI future is trading at USD 44.82 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-02_09-06-50-696x298.png)


Main Macro Events Today


* EU Markit Manufacturing PMI – The European manufacturing index is expected to have remained flat at 51.4 in December. Among the countries, the Italian and Spanish indices are expected to have decreased slightly, while it is expected to have remained similar for the rest of the large countries.


* UK Markit Manufacturing PMI – In the UK, manufacturing is expected to have deteriorated in December and stand at 52.5, compared to 53.1 in November.
m
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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 03, 2019, 09:28:35 AM

Date : 3rd January 2019.


MACRO EVENTS & NEWS OF 3rd January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-03_08-56-16.png)


FX News Today


* Japan remained on holiday, but elsewhere in Asia bond markets got support from ongoing wobbles in equity markets, where a revenue warning from Apple hit holiday-thinned trade.


* The ASX managed a 1.36% gain, but the Hang Seng lost -0.81% and the CSI 300 is down 0.31%, with comments from the central bank, which once again promised measures to support small companies, helping to contain losses.


* US stock futures are sharply lower, led by a -2.7% decline in the NASDAQ mini future.


* Oil prices are also down on the day and the front end WTI is trading at USD 45.54 per barrel.


* European stock markets closed mixed on Wednesday after a rebound on Wall Street saw indices clawing back some of their earlier losses. However, a rare revenue warning from Apple revived concerns about the outlook for the world economy and hit holiday-thinned Asian markets, while sending US and European stock futures south.


* Investors are increasingly pricing out any further move towards policy normalisation from central banks and with tomorrow’s release of Eurozone HICP expected to bring a sharp deceleration in the headline rate, Bunds are likely to remain supported.


* Brexit jitters meanwhile continue to hang over UK markets with no sign that May has the majority needed to get her deal through the Jan 14 vote in parliament.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-03_08-56-59-696x298.png)


Main Macro Events Today


* UK Construction PMI – The UK Construction PMI is expected to come out at 52.9, compared to 53.4 last month, although the Manufacturing PMI came out higher than expected yesterday.


* US Jobless Claims and ADP Employment Change – Initial Jobless Claims are expected to have increased to 220K in the last week of December, compared to 216K in the previous week. ADP Employment Change for November is still expected to be positive, albeit growing at a slightly slower pace than October.


* ISM Prices and Manufacturing PMI – ISM Prices serves as a proxy for inflation and is expected to have remained above 50 but slowed to 58.0 compared to 60.7 last month. Similarly, the manufacturing PMI is expected to come out at 57.9 compared to 59.3 last month.


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 04, 2019, 12:44:03 PM

Date : 4th January 2019.


MACRO EVENTS & NEWS OF 4th January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-04_09-20-23-696x610.png)


FX News Today


* 10-year Treasury yields are up 2.2bp at 2.58%, while 10-year JGBs fell back -3.7 bp to -0.049% as local stocks slumped in catch up trade at markets opening.


* Topix and Nikkei lost -1.53% and -2.26% respectively, while elsewhere in Asia markets stabilised or bounced back. China ledi the way after an unexpected improvement in the Services PMI, confirming additional measures to boost the economy and as concern over US-Sino trade relations eased since vice ministers from both countries prepare to start talks Monday.


* The CSI 300 is up 2.02% and the Shanghai Comp up 1.64%, as China announced measures to support the economy that include a cut in reserve requirements (RRR) for banks, as well as cuts in taxes and fees.  Targeted RRR cuts, which are designed to support small and private companies will also be included, and Beijing will step up “countercyclical adjustments” of macro policies.


* News that the US House passed a spending bill package in an effort to end the partial government shutdown also helped to underpin sentiment and US futures are moving higher after another dismal day on Wall Street yesterday.


* Oil prices also benefited from improved sentiment and the front end WTI future is trading at USD 47.70 per barrel.


* Brexit developments and the latest troubles in Italy’s banking system will remain on the radar in Europe today.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-04_09-18-53-696x300.png)


Main Macro Events Today


* EU Composite and Services PMI – EU PMIs are expected to remain the same as last month.


* UK Services PMI – The UK Services PMI is expected to register an improvement, at 50.7 compared to 50.4 in November, also in line with the better than expected Construction PMI release yesterday.


* EU CPI and PPI Inflation – Euro Area overall inflation is expected to stand at 1.8% y/y, compared to 1.9% y/y last month. Core inflation is expected to have remained at 1%, while the PPI is expected to have grown by 4.1%, compared to 4.9% in November.


* US Labour Market Data – NFPs are expected to have grown to 177k, compared to 155k last month, with Average Hourly Earnings expected to have grown by 3% y/y, compared to 3.1% last month.
Canada Employment Data – The Canadian unemployment rate is expected to rise to 5.7%, compared to 5.6% last month, while employment change is expected to have stood at 5k compared to 94k last month.


* US Markit PMI – Services and Composite PMIs are expected to have remained the same and increased from last month respectively.


* Fed Chairman Powell Speech – Jerome Powell, the Fed Chairman, is set to participate in a panel discussion at the American Economic Association’s Annual Meeting.


Support and Resistance


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-04_09-35-18.png)


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 07, 2019, 11:33:57 AM

Date : 7th January 2019.


MACRO EVENTS & NEWS OF 7th January 2019.



(https://goo.gl/QSvTr1)


The Economic week ahead


Increased year-end volatility took a breather to kick off the first trading week of 2019. But after a streak of market pessimism with the major indices flirting with bear market losses, it would appear that upside surprise risks have prevailed for now.


This welcome turn of events was anchored by the “remarkably strong” jobs report that contradicted the financial markets’ worst fears about the deterioration of the economy that had virtually priced out further Fed rate hikes and even flagged risk of a rate cut by year end.


United States: US data on inflation and the ISM-NMI will be the focus in the week of January 7. However, due to the government shutdown, several of this week’s other releases may be delayed, including trade, factory orders, wholesale trade, construction spending, new home sales, and the advance indicators.


The Highlight is inflation, as that will be one of the prime movers of Fed policy going forward. Also key will be the ISM-NMI for the most up-to-date reading on the service sector. The NFIB small business optimism index is on tap (Tuesday), along with November JOLTS job openings (Tuesday), as well as consumer credit, seen rising $16 bln in November, compared to $25.4 bln in October. MBA mortgage market data arrives (Wednesday). Initial jobless claims (Thursday) are estimated to rise 5k to 236k in the week ended January 5 (Thursday), after climbing 10k to 231k in the week of December 29. The data are likely to be distorted by the government shutdown, along with the typical difficulty in holiday seasonal adjustments. The Treasury budget (Friday) may post a surplus of $5.0 bln in December, relative to a -$204.9 bln deficit in November.


Meanwhile, the rest of the economic calendar will be subject to the government shutdown. November factory orders (originally set for Monday) should post a 0.2% decline, with a flat reading for inventories. The November trade deficit (originally Tuesday) is expected to narrow to -$51.6 bln from -$55.5 bln. Wholesale inventories (originally Thursday) are seen falling 0.2% in November.


Fedspeak: Fed’s Powell will make another appearance this week before the Economic Club of Washington (Thursday), though there will be no text, only a moderated Q&A, no doubt reiterating the “patience and flexibility” formula that helped propel stocks higher Friday. The week rounds out (Thursday) with Richmond’s Barkin, Chicago’s Evans, St. Louis Fed’s Bullard and VC Clarida. The FOMC minutes (Wednesday) will be of interest, as the Fed hiked rates.


Canada: The BoC’s policy announcement (Wednesday) is the highlight this week. No change to the current 1.75% setting is expected for the policy interest rate amid a slowing economy, moderating inflation pressures and the hefty downside risk posed by weak oil prices to real sector growth.


Economic data has the November trade report (Tuesday) expected to reveal a -C$2.0 bln deficit in November from the -C$1.2 bln shortfall in October. Housing Starts (Wednesday) are seen falling to a 205.0k unit pace in December from 216.0k in November. Building Permit Values (Thursday) are projected to slip 0.5% in November after the 0.2% dip in October. The New Housing Price Index (Thursday) is anticipated to decline 0.1% in November (m/m, sa) after the flat readings in August, September and October. The December Ivey PMI is due Monday.


Europe: The ECB’s account of the last policy meeting (Thursday) is likely to reflect growing unease and there will have been broad support for the decision to phase out net asset purchases. The minutes aside, there is also ECBspeak from Villeroy (Thursday) and Mersch (Friday), who are likely to back the central bank’s official line.


The data calendar is busy and should support expectations for slowing economic momentum as global trade tensions and Brexit risks cloud over the outlook. The German November manufacturing orders (Monday) are seen falling -0.2% m/m, while industrial production (Tuesday) is seen rising a modest 0.3% m/m with a solid stock of orders still underpinning activity for now. Export growth is likely to have eased in November, but lower import prices should have helped to underpin the nominal trade balance which we expect to report a sa surplus of EUR 18.0 bln.


So far the labour market continues to improve as companies have a solid stock of orders to fill and an unchanged November unemployment rate is expected (Wednesday) of 8.1%. Improving labour markets and Black Friday sales, meanwhile are expected to have underpinned German and Eurozone retail sales (both Monday), which are seen up 0.4% m/m and 0.2% m/m respectively.


UK: The UK’s data calendar is relatively quiet, highlighted by November production data and monthly GDP data (Friday). The industrial output should recoup 0.2% m/m after dropping 0.6% m/m in October, while the y/y figure should come in at -0.7%. The BRC retail sales report for December will also be released (Thursday), which should affirm a robust holiday sales tally.


Japan: December Consumer Confidence (Tuesday) is seen dipping further to 42.5 from 42.9. The November Current Account surplus (Friday) should narrow to JPY 700 bln from 1,309 bln. December bank loan figures are also due Friday.


The China inflation data headline may show some further easing due to the drop in oil prices. December CPI (Thursday) is penciled in at a 2.0% y/y pace from 2.2% in November and 2.5% in September and October. December PPI (Thursday) is forecast at a 1.7% y/y rate from 2.7%. December loan growth and new Yuan loans are tentatively due Thursday, with the latter seen up CNY 800.0 bln from the prior CNY 1,250.0 bln increase.


Australia: The trade report (Tuesday) is seen revealing a widening in the surplus to A$2.5 bln in November from A$2.3 bln in October. Building approvals (Wednesday) are expected to fall 2.0% in November after the 1.5% decline in October. Retail sales (Friday) are projected to rise 0.2% in November after the 0.3% gain in October.


New Zealand: The next RBNZ meeting is February 13, 2019, in which no change to the current 1.75% setting for the OCR anticipated.


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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 08, 2019, 11:08:54 AM

Date : 8th January 2019.


MACRO EVENTS & NEWS OF 8th January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-08_09-13-17-696x165.png)


FX News Today


* USDJPY has posted a six-day high at 109.00. Yen crosses have also remained buoyant amid a backstop of re-established risk appetite in global markets, in turn feeding an outperforming bid in Japanese equity markets, while the Dollar has concurrently firmed up a tad against most currencies after descending yesterday.


* 10-year Treasury yields are down -1.1 bp at 2.685% while 10-year JGB yields rose 1.8 bp to -0.08%.


* Asian bond as well as stock markets traded mixed, as the focus remains on US-China trade talks.


* A weaker Yen helped Japanese markets to outperform and Topix and Nikkei are up 0.39% and 0.82% respectively. The Hang Seng meanwhile is unchanged, CSI 300 and Shanghai Comp are down -0.23% and -0.30% respectively, while the ASX closed with a gain of 0.69% and US and European stock futures are also moving higher. The front end WTI future is trading at USD 48.54 per barrel.


* Markets look a little less committed presently, wanting specifics from the ongoing US-China trade talks and a break in the partial government shutdown, the consequences of which are becoming more evident as time ticks on.


*  The Trump administration expressed optimism of a “reasonable” deal and news that China dispatched one of Xi’s top aids to the low level negotiations in Beijing underpinned hopes of progress. The US Secretary of Commerce said yesterday that a deal can be reached that “we can live with.”


* Meanwhile US President Trump’s TV address today will be watched closely with investors hoping for clues on the possible end to the government shutdown.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-08_08-57-37-696x301.png)


Main Macro Events Today


* EU Composite and Services PMI – EU PMIs are expected to remain the same as last month.


* EU Business Climate Indicator – Business Climate is expected to have decreased to 0.99 in December, compared to 1.09 in November.


* US Trade Balance – Although less important than in other countries, the US trade balance still provides important information about the supply of Dollars in the world as well as the state of the US economy. In November, the trade deficit is expected to have stood at $54 billion, compared to $55.5 billion in October.


* Canadian Trade Balance – The Canadian trade deficit is expected to have increased to $1.95 billion, compared to $1.17 billion in October.


Support and Resistance


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-08_09-12-41.png)


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 09, 2019, 09:30:46 AM

Date : 9th January 2019.


MACRO EVENTS & NEWS OF 9th January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-09_09-04-08.png)


FX News Today


* USDJPY retested 109.00 but has so far left yesterday’s one-week peak at 109.08 untroubled. Yen crosses have remained buoyant amid a backdrop of firm global equity markets.


* EURJPY and AUDJPY, meanwhile, have posted fresh one-week and 11-day highs, respectively.


* Topix and Nikkei are both up 1.1%, the Hang Seng rallied 2.4%, the CSI 300 1.68% and the ASX 0.98%.


* Hopes for a breakthrough in the US-China trade standoff continue to run high. Both sides agreed to extend talks into an unscheduled third day amid reports of progress on  the issues of Chinese imports of US goods and increased access to Chinese markets, and Bloomberg cited sources reporting that President Trump, who tweeted that “talks are going very well,” is now eager to strike a deal.


* The MSCI Asia-Pacific (ex-Japan) Index has gained over 1.5%, reaching a 26-day high. The S&P 500 closed on Wall Street yesterday with a 0.97% gain, and S&P 500 futures are showing a 0.4% advance in overnight trading.


* After the soothing words from Powell last week markets will get the Fed minutes to digest today, but for now the mood in stocks is perky, with short coverings on the riskier assets underpinning the move higher and Hang Seng and mainland China bourses, which underperformed yesterday, outperformed today.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-09_09-03-20-696x298.png)


Main Macro Events Today


* Swiss CPI – Swiss inflation is expected to come out slightly lower than last month on a y/y basis, standing at 0.8% in December, compared to 0.9% in November.


* EU Unemployment Rate – The Euro Area unemployment rate is expected to have been 8.1% in November, the same as in October.


* BoC Interest Rate Decision – No change is expected in the BoC meeting despite the US rate hike in December, given the not-so-great data releases in December and early January.


* FOMC Minutes – Fed minutes are expected to shed more light on the policymakers’ mindset, especially regarding their thoughts on the US macroeconomic outlook.


Support and Resistance


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-09_09-06-01.png)


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.


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.



Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 10, 2019, 10:20:28 AM

Date : 10th January 2019.


MACRO EVENTS & NEWS OF 10th January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-10_08-47-41-696x423.jpg)


FX News Today


* Dovish leaning Fed speakers and minutes yesterday continue to underpin Treasuries.


* Bonds got support from reduced risk appetite.


* FOMC minutes: could afford to be patient, with inflation low;downside risks may have increased, the timing of future rate hikes as less clear.


* Trade talks between the US and China may have ended on an optimistic note, but traders fear that it could drag on for a long while. Nikkei lost -1.29% – Yen strengthened.


* Talks in the US to end the partial government shutdown collapsed.


* USDJPY reversed to 107.80 low from 109.0; EURUSD surged to 1.1559 high


* Solid session for Canadian stocks, tracking the bullishness around the world.


* GoC yields moved modestly higher as BoC delivered the as-expected steady rate announcement while reiterating rates will need to go higher “over time.”


* USDCAD slipped to nearly the 1.3200 level.


* WTI crude rallied 5% to $52.5 bbl despite mild EIA crude draw, product builds.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-10_09-17-51.jpg)


Main Macro Events Today


* ECB Minutes – Expectations – The ECB’s account is likely to reflect growing unease and while there will have been broad support for the decision to phase out net asset purchases, it is expected that even the hawks were not pushing for further exit steps just yet.


* US Initial jobless claims – Expectations – Initial jobless claims are estimated to rise 5k to 236k in the week ended January 5, after climbing 10k to 231k in the week of December 29.


* Canadian Housing data – Expectations – Building permit values  are projected to slip 0.5% in November, while the new housing price index is anticipated to decline 0.1% in November after the flat readings the past 3 months.


* Federal Reserve Chair Jerome Powell speech at 17:00 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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 11, 2019, 12:18:44 PM

Date : 11th January 2019.


MACRO EVENTS & NEWS OF 11th January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-11_09-16-04-696x351.jpg)


FX News Today


* Fed officials continue to pledge patience after Fed Chair Powell noted the balance sheet will be “substantially smaller”.


* ECB minutes confirmed decision to end QE was unanimous. On the growth risks, there seems to have been a debate on the impact of weaker confidence indicators, with some mixed views.


* The Central banks are increasingly wary of downside risks and their cautious messages support both stock and bond markets.


* US equities stumbled after trade talks ended with few details for all the prior rejoicing, while a handful of year-end stumbles in the retail sector were noteworthy.


* European stock futures are moving higher, after a largely positive session in Asia overnight.


* US futures are also clawing back overnight losses with cautious comments from Fed and ECB officials supporting both bond and stock markets.


* WTI crude is holding gains and trading at USD 52.56 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-11_09-17-21.jpg)


Main Macro Events Today


* UK Manufacturing & Industrial Production – Expectations –Industrial output is expected to have recouped 0.2% m/m after dropping 0.6% m/m in October, while the y/y figure should come in at -0.7%. Manufacturing production should rise to 0.3% m/m, after the fall to 0.9% last month due mainly to weakness from transport equipment.


* US CPI and Core – Expectations – It is widely anticipated that we will see an energy-depressed -0.1% reading for headline CPI in December, but a warmer 0.2% gain for core prices.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-11_09-30-47.jpg)


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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 15, 2019, 09:51:02 AM

Date : 15th January 2019.


MACRO EVENTS & NEWS OF 15th January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-15_08-29-58-696x159.jpg)


FX News Today


* Risk appetite picked up during the Asian session amid further confirmation from Chinese officials that they will implement measures to boost the flagging economy.


* Equities recovered as China pledges to support growth.
Brexit: The most important day so far, with Parliament set to reject the government’s deal.


* GBPUSD whipsawed by Brexit vote news; first backed, then undermined.


* Yen has outperformed as global stocks tumble on big China trade data miss.


* EURUSD ebbed to 5-day low at 1.1437, before rebounding to 1.1485.


* Oil prices stabilised and the front end WTI future is trading at USD 51.23 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-11_09-17-21.jpg)


Main Macro Events Today


* US PPI and Core – Expectations – December headline PPI is forecast dipping 0.1%, while the core rises 0.1%.


* ECB President Draghi Speech – Draghi will probably strike a cautious tone and acknowledge that the balance of risks is starting to shift to the downside.


* Parliament Brexit Vote- Expectations –There seems be neither an agreement on PM May’s deal, nor on any of the feasible alternatives. And reportedly, EU officials who are not keen on a hard Brexit scenario are open to a 3-month extension to the Brexit schedule. See our Brexit Vote summary.
Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-15_09-36-48.jpg)


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.


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.



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 16, 2019, 08:35:07 AM

Date : 16th January 2019.


MACRO EVENTS & NEWS OF 16th January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-16_09-00-50.jpg)


FX News Today


* Brexit: A crushing defeat of May’s Brexit deal yesterday, brings new uncertainty about the political future in Europe. The odds for delay and/or new referendum are higher.


* GBP bounced: Cable has advanced to the 1.2889 level, up from just under 1.2700 ahead of the vote.


* China injected $51.6 bln via reverse repo operations – The biggest daily net cash injection from China’s central bank on record.


* Japanese markets underperformed and Nikkei was down -0.55%.


* Yen weaker amid risk-back-on sentiment


* Oil prices are also up and the front end WTI future is trading at $52.26 per barrel.


* German Dec HICP inflation confirmed at 1.7% y/y, leaving 2018 HICP at 1.9%


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-16_09-39-48.jpg)


Main Macro Events Today


* BoE’s Governor Carney speech – Draghi will probably strike a cautious tone and acknowledge that the balance of risks is starting to shift to the downside.




* UK Retail Price Index and Inflation – Expectations –The headline CPI is expected to come in unchanged at 1.8% y/y and December Retail Price Index, which we expect to rise by 0.5% after falling in November.




* UK PPI and Core – Expectations –December headline PPI is forecast dipping 2.1% y/y, while the core is expected unchanged at 0.2%.


* PM May’s Leadership Challenge – Conservative Party lawmakers will hold voting to express confidence in the PM May Government.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-16_09-49-58.jpg)


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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 17, 2019, 10:10:40 AM

Date : 17th January 2019.


MACRO EVENTS & NEWS OF 17th January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-17_09-26-55.jpg)


FX News Today


* UK PM May survived no-confidence vote by 325 to 306. GBP stalled below $1.29.


* EU officials have signalled some willingness for further talks and to an extension of the Brexit deadline.


* Stock markets have moved down from session highs, as caution still prevails amid the multitude of risks:  Earnings season ( even if its good so far) , concerns over US-Sino tensions, slowing world growth, while Brexit developments remain the key focus in Europe.


* Fed’s Beige Book: expansion still moderate, but all districts reported tight labor.


* USDJPY scaled to 1-wk high at 109.19; EURUSD has been narrowly orbiting 1.14.


* WTI future pulled back from a session high of $52.36 and is trading at USD 51.95 per barrel, with record high crude production in the US keeping a lid on prices.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-17_09-28-26.jpg)


Main Macro Events Today


* Eurozone’s Final CPI and Core – Expectations – Overall Eurozone HICP should be stable at 1.6% y/y, unchanged from the preliminary report and down from 1.9% y/y in November.


* US Philly Fed Manufacturing Index – Expectations – The Philly Fed index is seen rebounding to 10.0 in January, after December’s 3.5 point slide to a 2-year low of 9.4.


* US Unemployment Claims – Expectations – Initial jobless claims are estimated inching up 1k to 217k in the week ended January


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-17_09-29-09.jpg)


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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 18, 2019, 10:33:35 AM

Date : 18th January 2019.


MACRO EVENTS & NEWS OF 18th January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-18_09-34-14-696x390.jpg)


FX News Today


* UK PM May survived no-confidence vote by 325 to 306. GBP stalled below $1.29.


* Treasury yields jumped and global stock markets rallied on fresh hopes of progress in US-Sino trade talks.


* WSJ reported that the US is weighing lifting tariffs to hasten a trade deal and calm markets.


* Topix and Nikkei are up 0.93% and 1.29% respectively. GER30 and UK100 futures also moved higher in tandem with US futures.


* US Equities also surged on Morgan Stanley earnings miss.


* USDJPY popped to better than 2-week highs of 109.40. USDCAD fell sharply to 1.3246 from over 1.3300.


* Swiss Franc down vs most currencies, following dovish remarks by SNB’s Jordan – “too early for a change” as he mentioned.


* Global trade developments and, in Europe, Brexit developments, remain in focus.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-18_09-35-07.jpg)


Main Macro Events Today


* UK Retail Sales – Expectations – December retail sales are expected to decline by 0.7% (median -0.5%) after rising 1.4% in November.


* US Industrial Production & Prelim UoM – Expectations – Industrial Production is seen rising another 0.3% in December after a solid 0.6% gain in November. Preliminary January Michigan sentiment should decline to 96.0 after the surprise increase to 98.3 in December.


* Canadian CPI and core – Expectations – A 0.3% m/m drop in CPI during December is anticipated, after the 0.4% plunge in November, with weaker gasoline prices again projected to fuel the decline. The core CPI measures all ran at 1.9% y/y in November, while inflation should either hold at those rates or tick lower.


* Fedspeak: NY Fed’s Williams (permanent voter) gives his views on policy and the economy. Philly Fed’s Harker (nonvoter) speaks at a symposium on prosperity.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-18_09-35-35.jpg)


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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 21, 2019, 12:07:54 PM

Date : 21st January 2019.


MACRO EVENTS & NEWS OF 21st January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-21_09-22-25-696x172.png)


FX News Today


* Asian stock markets managed to post modest gains, despite the confirmation of the slowdown in Chinese GDP growth to 6.4% y/y, which left the full year rate at 6.6%.


* Topix and Nikkei are up 0.56% and 0.26% respectively, and the Hang Seng gained 0.27%, while the CSI 300 and Shanghai Comp are both up 0.5%.


* Hope that trade tensions will eventually be resolved in talks continues to underpin sentiment, with some room for further gains after markets priced in quite extreme risks at the end of last year.


* Reports from Friday indicate that China is planning to ramp up purchases of US goods although a Bloomberg report suggests that both sides are making little progress on the key issue of intellectual property protection.


* All of these dampened the move higher in Asia and saw US futures heading south.


* The front end Nymex future is trading at USD 53.99 per barrel after reaching a session high of USD 54.17.


* There is a US Bank Holiday today, with emphasis turned to Sterling.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-21_09-06-55-696x301.png)


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-21_09-33-05.png)


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 22, 2019, 11:01:11 AM

Date : 22nd January 2019.


MACRO EVENTS & NEWS OF 22nd January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-22_09-05-32-696x378.jpg)


FX News Today


* A gloomy IMF outlook: Forecasts for major economies revived recession fears globally and saw risk aversion picking up again.


* The IMF warned that the Sino-US trade war, a “no-deal” Brexit and a weakening European economy could lead to a sharp global slowdown.


* Topix and Nikkei lost -0.63% and -0.47% respectively.
President Trump calling on China to stop “playing around” and do a “real” trade deal -Added to the negative backdrop for markets.


* The Earnings season is also in full swing and reports from UBS this morning disappointed and only added to lingering risk aversion.


* USDJPY edged out 2-session low under 109.40; Yen firmer amid risk-off vibe.


* EURUSD ebbed to 18-day lows below 1.1350, driven by firming in the Dollar.


* WTI Oil prices back under $54.0 after hitting 7-week high yesterday at $54.39.


* Global trade developments and, in Europe, Brexit developments, remain in focus.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-22_08-56-47.jpg)


Main Macro Events Today


* UK Average Earnings Index 3m/y – Expectations – Average weekly earnings are expected to remain perky in the three months to November, expected at +3.3% y/y in both the with- and ex-bonus figures.
UK Unemployment Rate – Expectations – Unemployment is expected to remain unchanged at 4.1%.


B]*[/B] German ZEW Economic Sentiment– Expectations – Seen falling back to -18.3 from -17.5.


B]*[/B] Canadian Manufacturing & Wholesale Sales – Expectations – Manufacturing shipment values are expected to drop 1.0% m/m in November after the 0.1% dip in October. Wholesale shipment values are seen falling 0.5% m/m in November after jumping 1.0% in October.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-22_09-34-07.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 23, 2019, 11:06:53 AM

Date : 23rd January 2019.


MACRO EVENTS & NEWS OF 23rd January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-23_09-17-52-696x316.png)


FX News Today


* 10-year Treasury yields are down from overnight highs, but still up 0.7 bp at 2.746%, and 10-year JGB yields climbed 0.8 bp to -0.004%.


* Stock markets remained cautious during the Asian session.


* The Bank of Japan held policy steady, as expected, while further reducing its outlook for inflation. The resulting weakness in the Yen didn’t help stock markets and Topix and Nikkei dropped -0.60% and -0.14% respectively.


* The Hang Seng is also down -0.04%, despite mainland China markets initially moving higher as China’s central bank pumped liquidity into the banking system once again. Still, the measures are also a sign that officials are nervous about the slowdown in the economy and CSI 300 and Shanghai Comp are down -0.24% and -0.13%. The bank offered around 258 bln Yuan (USD 38 bln) to banks through its medium term lending tool.


* Markets continue to question the progress in the US-Sino trade talks, even though White House adviser Lawrence Kudlow said that the trade talks are still on and the story about cancelled preparatory meetings was “not true, there was never any meeting. We are moving toward negotiations.” The negotiations next week will be “very, very important” and “determinative”.


* Meanwhile, there are the first signs of a possible way out of the US government shutdown.


* Markets remain easily spooked, but appear to have already priced in a lot of risk last year and US stock futures are moving higher after yesterday’s sell off. Oil prices are trading at USD 53.27 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-23_09-10-52-696x298.png)


Main Macro Events Today


* Canadian Retail Sales – After Wholesale Sales plummeted yesterday, Canadian Retail Sales are expected to have also declined by 0.4% m/m, with core Retail Sales (ex autos) expected to have declined by 0.6%.


* World Economic Forum at Davos –The second day of the WEF annual meetings held in Davos and attended by officials from over 90 countries. Comments from central bankers and other influential officials can create significant market volatility.


* Richmond Manufacturing Index – Expectations – The index is expected to have remained at a sub-zero level, standing at -2 after the -8 in the December release.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-23_09-43-25.png)


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 24, 2019, 09:53:44 AM

Date : 24th January 2019.


MACRO EVENTS & NEWS OF 24th January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-24_09-05-22-1-696x482.png)


FX News Today


* 10-year Bund yields are down -0.6 bp at 0.216% in opening trade. Treasury yields also fell back from overnight highs and are now down -0.2 bp at 2.739%, while JGB yields remain up 0.8 bp at 0.001%.


* Stock markets mostly managed to move higher in Asia overnight (excluding the Nikkei which closed with a loss of 0.09%) and DAX futures are also up, while US futures are narrowly mixed and the FTSE 100 future is swinging between gains and losses.


* Brexit developments remain in focus, but while in the UK officials continue to struggle to find a consensus on the way forward, the focus in the Eurozone turns to the ECB meeting today.


* Rates are widely expected to remain on hold and the guidance little changed, but Draghi is likely to sound much more cautious on the growth and inflation outlook, which should underpin stock markets.


* Norges Bank is also expected to hold rates steady and the data calendar focuses on Eurozone PMI readings, which are expected to show further weakness in the preliminary release for January.


* US earnings reports have helped to underpin risk appetite in recent days, while the ongoing government shutdown is preventing timely data releases and leaving investors focused on trade talk developments, company news and in Europe, Brexit jitters.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-24_08-54-11-1024x441.png)


Main Macro Events Today


* EU Services, Manufacturing, and Composite PMI – The Services PMI is expected to come out at 51.5 in January, compared to 51.2 in December. This is expected to have a positive impact on the Composite PMI, which is expected to rise to 51.4 compared to 51.1 in December. The Manufacturing PMI is expected to have remained at the same levels as in December.


* World Economic Forum at Davos – The third day of the WEF annual meetings held in Davos and attended by officials from over 90 countries. Comments from central bankers and other influential officials can create significant market volatility.


* ECB Interest Rate Decision – ECB is not expected to proceed with any changes in the interest rate yet as it is has just started evaluating the effects from the end of QE in December. However, communication could provide important information regarding the future path of policy.


* US Jobless Claims – Initial Jobless Claims are expected to rise to 220k compared to 213k last week, while Continuing Jobless Claims are expected to decline slightly to 1.735M, compared to 1.737M last week.


* US Services, Manufacturing, and Composite PMI – Reductions in PMIs are expected in all sectors, in conjunction with the overall perception of a slowdown in the US, and the ongoing government shutdown.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-24_09-33-11.png)


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 25, 2019, 01:03:41 PM

Date : 25th January 2019.


MACRO EVENTS & NEWS OF 25th January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-25_09-13-28-696x165.png)


FX News Today


* 10-year Treasury yields are up 1.6 bp at 2.732% while JGB yields fell back -0.4 bp to -0.008%, despite broad gains on Asian stock markets overnight.


* Topix and Nikkei managed gains of 0.87% and 0.97% respectively. The Hang Seng is up 1.44% and the CSI 300 1.23%. The ASX climbed 0.8%, lifted by higher commodity prices.


* Earnings reports have helped to prop up market sentiment this week, despite the fact that economists and central banks are now catching up with the gloomy view on the outlook for world growth that already sent markets lower at the end of last year.


* The global cyclical chip sector seems to be recovering, which is underpinning tech stocks.


* US and European stock futures are also posting broad gains, suggesting an overall positive end to the week, with markets now bracing for key events next week including the continuation of US-Sino trade talks as well as the Fed meeting.


* ECB’s Coeure commented that it’s too early to discuss whether ECB will hike rates this year, while adding that the central bank may have to adjust rate guidance at some point. Coeure admitted in a Bloomberg interview that the economic slowdown has surprised the central bank although he also added that the jury is still out on how persistent the slowdown will be.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-25_09-12-38-696x299.png)


Main Macro Events Today


* Baker Hughes US Oil Rig Count – Oil Rigs stood at 852 last week, with the number of drills highly dependent on the price of Oil.


* US Monthly Budget Statement – In view of the US government shutdown, the Budget Statement in December is expected to be much lower than the previous month, at a deficit of 12 billion, compared to a deficit of 205 billion in November.


* World Economic Forum at Davos – The third day of the WEF annual meetings held in Davos and attended by officials from over 90 countries. Comments from central bankers and other influential officials can create significant market volatility.


* German Ifo Business Climate – Following the slowdown in the German economy, business climate is expected to decline to 100.7 compared to 101.0 in the previous month.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-24_09-33-11.png)


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HotForexsignal on January 27, 2019, 01:30:11 PM
USD/JPY Forex News and Analysis - Strengthens Over 110.452, Weakens Under 109.445
 
 Based on the order of last weeks price movement and close at 109.545, the giving out of the USD/JPY is likely to be included by trader submission to the main 50% level at 109.445.
 
 The Dollar/Yen closed lower vis--vis the order of Friday and for the week as investors prepared for later-door weeks U.S. Federal Reserve inclusion rate decision and monetary policy poster. The complaint stemmed from expectations the central bank would depart organization rates unchanged and reports it was in addition to bringing a mount happening less to its tab sheet dwindling program. Both moves are considered dovish by investors.
 
 On Friday, the USD/JPY granted at 109.545, as well as to 0.093 or -0.08%. For the week, the Dollar/Yen closed beside 0.229 or -0.21%.
 
 Earlier in the week, the Dollar/Yen rallied after the Bank of Japan scuff its inflation forecasts but maintained its gigantic stimulus program. The BOJ plus left union rates unchanged. BOJ Governor Haruhiko Kuroda plus warned of growing risks to the economy from trade protectionism and faltering global demand.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 28, 2019, 10:41:18 AM

Date : 28th January 2019.


MACRO EVENTS & NEWS OF 28th January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-28_09-23-13-696x190.png)


FX News Today


* 10-year Treasury yields corrected from Friday’s highs and are down -1.8 bp at 2.740%.


* Stock markets in Asia initially got support from US President Trump’s agreement to a temporary end to the 35-day partial government shutdown which underpinned Wall Street on Friday.


* However, Trump also threatened to resume the shutdown on Feb 15 if his demands on the financing of a border wall are not met.


* Japan underperformed and Topix and Nikkei were under pressure from the off, while elsewhere gains faded during the course of the session as markets continue to fret over potential risk factors, first and foremost the US-Sino trade talks and Brexit.


* Topix and Nikkei lost -0.68% and -0.60% respectively. The Hang Seng is now down -0.105 and the CSI 300 down -0.06%.


* Australia is shut for a holiday and US futures are heading south.


* Oil prices fell back from a session high of USD 53.64 per barrel and the front end WTI future is now at USD 53.01 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-28_09-17-18-696x299.png)


Main Macro Events Today


* ECB Draghi Speech (EUR, GMT 14:00) – The ECB President is due to testify at the European Parliament in Brussels.


* New Zealand Trade Balance (NZD, GMT 22:45) – The New Zealand trade balance is expected to have come out in surplus area in December, compared to a deficit in November.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-28_09-20-10.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 29, 2019, 01:57:06 PM

Date : 29th January 2019.


MACRO EVENTS & NEWS OF 29th January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-29_08-40-03-696x220.jpg)


FX News Today


* US equities turned lower after a miss by CAT and warning from Nvidia, both partly blaming the global slowdown and China in particular for their woes;yields back down.


* Criminal charges in the US against Chinese telecom giant Huawei overshadow trade talks and prevent a long-awaited US-Sino deal.


* Topix and Nikkei lost -0.63% and -0.47% respectively.


* Brexit at complex crossroads in UK; today’s parliamentary votes may clear picture


* Oil prices are higher and the front end WTI future is trading at USD 52.43 per barrel.


* EURUSD recovered to clear 1.14, up from last week’s 6-wk low at 1.1289.


* USDJPY came off highs, concurrently with correction in global stock markets.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-29_08-41-34.jpg)


Main Macro Events Today


* Brexit:
 *A number of amendments are due to be voted today in Parliament, including ones that seek to either delay Brexit from March 29, or to legislate against there being a no-deal Brexit, or opens the way to a second referendum on EU membership.


 *Parliament is also due to vote on the Prime Minister May’s Withdrawal Agreement, which lacking a concession from the EU to write-in an amendment that legally time limits the Irish backstop, or allows the UK to unilaterally withdraw from it, looks set to be rejected.


 *A no-deal Brexit scenario remains a possibility, although May, while using it as a threat, will likely ultimately prevent it, as will Parliament.


* US Consumer Confidence – Expectations –January consumer confidence is expected to decline further to 126.0 from a prior 5-month low of 128.1 in December, versus an 18-year high of 137.9 in October.


* Japanese Retail Trade – Expectations – December retail sales are seen contracting at a -1.0% y/y from -2.2% for large retailers. Total sales are expected to slow further to a 1.0% y/y rate from 1.4% in November and 3.6% in October.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-29_10-00-44.jpg)


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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 30, 2019, 11:34:06 AM

Date : 30th January 2019.


MACRO EVENTS & NEWS OF 30th January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-30_09-01-28-696x503.jpg)


FX News Today


* Stock markets traded mixed in Asia – NASDAQ is outperforming, Nikkei lost -0.52% and UK100 futures are moving higher.


* No more bad news from Apple: Apple Inc.’s report of sharp growth in its services business helped to underpin sentiment,.


* Brexit: UK lawmakers didn’t vote to extend the Brexit deadline. PM May heads back to Brussels to re-negotiate backstop.


* EU leaders were once again quick to stress that the legal text of the withdrawal agreement is not up for discussion.


* French GDP numbers held up better than expected and German GfK consumer confidence unexpectedly jumped higher.


* EURUSD ebbed back to net unchanged (1.1430) after posting 2-week high at 1.1451.


* USDJPY stucks in the mid-to-low 109.0s.


* GBPUSD is trading near 1.3100 from 1.3190 high.


* The front end WTI future is trading at USD 53.42 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-30_09-02-09.jpg)


Main Macro Events Today


* German Jan HICP – Expectations -While the German HICP rates are above the Eurozone average now, base effects from lower energy prices continue to keep the headline rate below the ECB’s 2% limit. The preliminary January reading should be at 1.8% y/y .


* ADP Employment – Expectations –The January ADP Employment report should reveal a 195k gain for the month, after a 271k December gain.


* FOMC  – Expectations – The FOMC statement will be released at 19:00 GMT. That will be followed by Chairman Powell’s press conference, which will now be a regular affair at each meeting, although forecasts will continue to be published quarterly. No one expects any action on rates tomorrow (including IOER).  We expect the statement to include the new watchword “patient,” along with “flexible,” with the latter perhaps a nod to the balance sheet, and stress on data dependency.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-30_09-40-10.jpg)


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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on January 31, 2019, 11:19:03 AM

Date : 31st January 2019.


MACRO EVENTS & NEWS OF 31st January 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-31_09-21-21-696x607.jpg)


FX News Today


* Asian stock markets rallied after the FOMC, which boosted risk appetite.


* FOMC held policy steady and pledged to be patient with further interest rate hikes – a possible sign that the Fed is signalling a potential end to its tightening cycle.


* Topix and Nikkei climbed 1.08% and 1.06% respectively.


* US Equities firmed after Apple, Boeing, AMD results.


* German Retail Sales slumped 4.3% m/m at the start of the European session. It raised concerns about the health of the German economy.


* European futures are moving higher, in tandem with US futures, after a rally overnight.


* WTI crude +2.0% near $54.50 after small EIA build.


* USDIndex stumbled 0.45% to 95.40; EUR probed 1.15, JPY through 109.00.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-31_09-22-19.jpg)


Main Macro Events Today


* Eurozone Prelim. Flash GDP – Expectations – Overall Eurozone GDP should show growth holding at 0.2% q/q, but with risk to the downside.


* German and EU Unemployment Change – Expectations – A decline is anticipated in the German unemployment number of -4K. The December Eurozone unemployment rate is seen falling back to 7.8% from 7.9%.


* Canadian GDP – Expectations – GDP for November is on track to contract 0.1% in November (m/m, sa) as the sharp decline in oil prices materially impacted the economy.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/01/2019-01-31_09-39-33.jpg)


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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 01, 2019, 10:45:06 AM

Date : 1st February 2019.


MACRO EVENTS & NEWS OF 1st February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-01_09-39-11-696x465.jpg)


FX News Today


* US-Sino trade talks will continue later this month with the March 1 deadline for tariff hikes coming ever closer. Both sides sounded cautiously optimistic


* Stock markets traded mixed in Asia. Topix and Nikkei closed with a gain of -0.18% and a marginal gain of 0.07% respectively.


* China’s manufacturing PMI decline dropped to the lowest level since February 2016. This revived concerns about the country’s economic strength.


* Earnings reports continue to come into the mix and banks were the biggest drag on Japanese benchmarks, while electronics makers gained.


* European stock futures are moving higher and US futures are now also mostly up as the focus shifts to US jobs data.


* The WTI rallied as much as 2%, peaking at two-plus month highs of $55.32 before falling back to the current $53.80.


* EURUSD eased from 3-week highs, back to 1.1440 area. USDJPY is above 2-week lows and currently retesting 109.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-01_09-32-05.jpg)


Main Macro Events Today


* Eurozone Manuf. PMI – Expectations – January Eurozone Manufacturing PMI will likely be confirmed at just 50.5 from the preliminary print, dropping from December’s 51.4, with confidence data adding to concerns that the slowdown will be more protracted than initially expected.


* Eurozone’s CPI – Expectations –Eurozone preliminary CPI reading for January should be at just 1.5% y/y, down from 1.6% y/y at the end of 2018.


* US Nonfarm Payrolls and ISM Manu. PMI – Expectations – January nonfarm payrolls are expected to increase by 200k, with a 195k private payroll gain. The ISM is expected to slip to a new 2-year low of 54.0 in January from 54.3 in December, versus a 14-year high of 61.4 in August.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-01_09-33-29.jpg)


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.




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.



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 04, 2019, 12:49:26 PM

Date : 4th February 2019.


MACRO EVENTS & NEWS OF 4th February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-04_09-12-44-696x119.png)


FX News Today


* 10-year Treasury yields are up 0.7 bp at 2.691%, and 10-year JGB yields climbed 0.8 bp to -0.023%.


* Yields continue to move higher and Asian stock markets mostly managed modest gains in quiet trade, with China and South Korea closed for Lunar New Year celebrations.


* Topix and Nikkei managed gains of 1.07% and 0.46% respectively, while the Hang Seng climbed 0.21% and the ASX closed up 0.48%. US futures are marginally higher.


* US President Trump told CBS trade talks with China are “doing very well” and also sounded confident on an agreement with North Korea, which helped to underpin confidence and risk appetite, after strong US data releases on Friday dampened concern about the outlook for world growth and counterbalanced disappointing forecasts from Amazon.


* Earnings reports will remain a key factor this week alongside fundamentals and political developments in Europe also, where Brexit concerns remain high on the agenda.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-04_09-05-37-696x299.png)


Main Macro Events Today


* ECB Mersch Speech – Yves Mersch, a member of the ECB Executive Board will speak at Lamfalussy Lectures Conference of Lamfalussy Award at Central Bank of Hungary in Budapest.


* UK Construction PMI – The UK PMI is expected to have stood at 52.6 in January, compared to 52.8 in December.


* US Factory Orders – Factory Orders are expected to have grown by 0.2% in November, compared to -2.1% in October.


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 05, 2019, 01:05:30 PM

Date : 5th February 2019.


MACRO EVENTS & NEWS OF 5th February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-05_09-07-56-696x397.jpg)


FX News Today


* RBA left the cash rate on hold as expected and conceded that some downside risks have increased. RBA set to make subtle shift to the dovish side.


* RBA’s central scenario for the economy is around 3% growth in 2019.


* AUDUSD perked up to 0.7260 from 0.7204.


* Alphabet beat on profits and revenue, by making $8.94 billion on $39.27 billion revenue, but shares fell 3% on continuing pressure on advertising prices and decreasing margins.


* European stock futures are moving higher, while US futures are struggling and slightly in the red.


* Better than expected BRC retail sales out of the UK helped to underpin sentiment ahead of Services PMI.


* WTI retreated 1.2% to $54.0 area, down from 2019 highs of $55.74 bbl – Currently at $55.00 area.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-05_09-01-50.jpg)


Main Macro Events Today


* Eurozone Services PMI – The overall Eurozone Services PMI for January is expected to come in unchanged from the preliminary number at 50.8, which should leave the composite at 50.7.


* UK Service PMI – It is expected to come in with a headline of 51.0 after 51.2 in December.


* EU Retail Sales – They are expected to have corrected -1.8% m/m, after the strong November reading.


* US Service and ISM Non-Manufacturing PMI – The ISM-NMI Index is expected to slip further to 57.5 in January from 58.0 in December, versus a 13-year high of 60.8 in September. Services PMI is expected to be unchanged at 54.2 for January.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-05_09-45-08.jpg)


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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 07, 2019, 10:57:01 AM

Date : 7th February 2019.


MACRO EVENTS & NEWS OF 7th February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-07_09-18-15-696x491.png)


FX News Today


* 10-year Treasury yields are down 0.5 bp at 2.690% but JGB yields are up 1.3 bp at -0.016%, despite a 0.59% decline in the Nikkei and a 0.83% drop in the Topix amid another mixed session in Asia.


* Japanese shares were hit by corporate earnings, while the ASX continued to rally, gaining 1.10%, in tandem with local bonds after the dovish shift at the RBA this week.


* The RBI meanwhile surprised with a cut in the repo rate by a quarter point. Hong Kong and China remained closed and despite some movement, investors continue to hold back ahead of the next round of US-Sino trade talks next week.


* US futures are heading south despite a cautiously upbeat assessment of the economy from Fed Chairman Powell, who said “the US economy is now in a good place”.


* The front end WTI future managed a session high of USD 54.04 before falling back to USD 53.79 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-07_09-12-27-696x301.png)


Main Macro Events Today


* Theresa May meetings in Brussels – Theresa May and the European Commission’s president will meet today, with the UK PM hoping to obtain fresh concessions, despite the EU’s insistence that it will not renegotiate the Brexit deal. In late afternoon, May is also expected to meet with Donald Tusk, the European Council President.


* BoE Interest Rate Decision – BoE is not expected to bring forth any changes to its interest rate policy ahead of a Brexit agreement and thus the rate is expected to remain at 0.75%.


* BoE Carney Speech – Mark Carney is expected to speak along with other MPC members about the BoE inflation report.


* Fed Clarida Speech – FOMC Member, Richard Clarida is due to speak at the Czech National Bank’s conference about the neutral interest rate, with audience questions expected.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-06_09-32-44.jpg)


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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 08, 2019, 11:40:29 AM

Date : 8th February 2019.


MACRO EVENTS & NEWS OF 8th February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-08_09-07-20-696x253.png)


FX News Today


* 10-year Treasury yields are down -1.1 bp and JGB yields dropped -1.7 bp to -0.038% as Asian stocks tumbled on growth concerns and pessimism on US-Sino relations, with markets worrying that there won’t be a trade deal in time to prevent another round of tariff hikes.


* Asked whether he would meet Chinese President Xi Jinping before the March 1 deadline US President Trump said “No”, before adding “unlikely”, although he suggested they would “maybe” meet later.


* Topix and Nikkei lost -1.86% and -1.96% respectively today. The Hang Seng fell back -0.215, after returning from holiday, while mainland China markets remained closed.


* The ASX is down after the RBA slashed its growth projection to 2.5% from 3.25% with its quarterly statement on monetary policy today. The CPI forecast was cut to 1.25%.


* Growth warnings in Europe yesterday saw European and US markets closing with broad losses. The negative growth backdrop and heightened risk aversion is keeping bond markets supported.


* Oil prices fell back to USD 52.26 per barrel.


* Fed’s Bullard promotes caution on balance sheet unwind. He declined to say how close the Fed is to ending balance sheet unwind process but said “We are closer than I thought we were a year ago”.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-08_09-06-23-696x300.png)


Main Macro Events Today


* Russia Interest Rate Decision – No surprises are expected from the Russian Central Bank which is expected to keep its interest rate at 7.75%.


* Canada Labour Market Data – Canadian data are expected to show a slight deterioration in the economy in January, as net change in employment is forecast to be lower than December while the unemployment rate is forecast to have grown to 5.7%, compared to 5.6% in December.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-07_10-13-59.png)


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 11, 2019, 09:53:57 AM

Date : 11th February 2019.


MACRO EVENTS & NEWS OF 11th February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-11_09-06-33-696x279.png)


FX News Today


* Stocks in Asia traded mixed, amid lingering concerns over US-Sino trade relations and doubt whether the talks will bring sufficient progress to prevent another round of punitive tariffs.


* Chinese equities rallied after returning from last week’s holiday, with small caps and stocks in the tech hub of Shenzhen rallying. The Hang Seng was up 0.46% as of 6:30GMT the CSI 300 up 1.62% and Shanghai and Shenzen Comp climbed 1.18% and 2.58% respectively.


* Japanese markets were closed for a holiday, so Treasury futures won’t trade either until Europe opens.


* Elsewhere in Asia bonds traded mixed with Australia outperforming as the ASX underperformed and dropped -0.17%.


* Chinese Vice Premier Liu He will meet Treasury Secretary Mnuchin and Trade Representative Lightizer in Beijing for high level talks this week.


* Meanwhile the government in Washington may be heading for another shutdown, which is adding to caution in wider markets.


* US futures are slightly in the red, while European futures moved slightly higher. The front end WTI future is trading at USD 52.22 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-11_09-05-53-696x298.png)


Main Macro Events Today


* Swiss CPI – The inflation rate in Switzerland is expected to have stood at 0.6% y/y in January, down from 0.7% y/y in December.


* UK GDP and Production Data – UK GDP is expected to have stood at 1.4% y/y in the final quarter of 2018, compared to 1.5% y/y growth in Q3. Manufacturing production is expected to have declined by 0.7% y/y, compared to a decline of 1.1% y/y in November. Industrial Production is expected to have increased by 0.2% m/m, compared to a decline of 0.4% in November.


* US Unit Labour Cost – US Unit Labour Cost growth are expected to have stood at 1.7% in 2018Q4, compared to 0.9% in the third quarter.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-11_09-37-43.png)


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 12, 2019, 09:15:57 AM

Date : 12th February 2019.


MACRO EVENTS & NEWS OF 12th February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-12_08-55-07-696x329.jpg)


FX News Today


* Stock markets remain supported by improving risk appetite, with investors hoping for progress in US-Sino trade talks.


* Japanese markets outperformed in catch up trade on returning from yesterday’s holiday and underpinned by a weaker yen.


* US lawmakers have reached an “agreement in principle” on funding for border security that would stop a second government shutdown on Friday.


* Brexit concerns continue to linger.


* Comments from ECB’s Lane, has underpinned speculation that Draghi will rule out another rate hike this year amid the expected downward revisions to growth forecasts.


* The front end WTI future is trading at USD 52.55 per barrel.3


* EURUSD went sub-1.1300 for first time in 6 weeks on generally firmer dollar.


* USDJPY rallied to 6-wk high of 110.64, underpinned by rally in global stocks.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-12_09-30-35.jpg)


Main Macro Events Today


* German President Weidmann speech – German President Weidmann is due to deliver a speech titled “The role of the central bank in a modern economy – a European perspective” at the University of South Africa, in Pretoria.


* BoE Carney speech – Due to speak about the economic outlook and global trade tensions, in London.


* Fed Chair Powell speech – Due to deliver a speech titled “Economic Development in High Poverty Rural Communities” at the Hope Enterprise Corporation Rural Policy Forum, in Mississippi.


* Fed Mester and George speech – Cleveland Fed hawk Mester will update the economic outlook and policy, while KC Fed hawk George will discuss “Charting America’s Economic Course.” Though both have been two of the most hawkish on the FOMC, each has recently indicated a pause is in order currently.


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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 13, 2019, 10:05:03 AM

Date : 13th February 2019.


MACRO EVENTS & NEWS OF 13th February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-13_09-13-39-696x642.png)


FX News Today


* 10-year Treasury yields are up 0.5 bp at 2.693% and JGB yields lifted 1.2 bp to -0.0013%.


* Stocks were supported by trade talk hopes as US President Donald Trump’s suggestion that he could see letting the March 1 deadline on China tariffs slide a little if the two sides were close to a complete deal helped to underpin sentiment.


* The negative sentiment that dominated much of the last months of 2018 continues to unwind, but markets will ultimately have to see permanent solutions and real results, otherwise they remain at risk of sliding back again.


* For now though markets are mostly in a positive mood and while the ASX closed with a loss of -0.26%, Topix and Nikkei rallied 1.06% and 1.34% respectively. The Hang Seng is up 1.21%, China’s blue chip index CSI is up 2.1% and the Shanghai Composite 1.92%.


* US futures are equally moving higher, as are European futures.


* Oil prices have also come back from the lows seen early in the week and the front end WTI future is trading at USD 53.64 per barrel.


* The calendar today has inflation releases for the UK and the US, with the Riksbank meeting not expected to post any surprises.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-13_09-13-06-696x300.png)


Main Macro Events Today


* Swiss CPI – The inflation rate in Switzerland is expected to have stood at 0.6% y/y in January, down from 0.7% y/y in December.


* UK Price Indices – The UK’s Price Indices are expected to continue close to their December levels, however at mixed outcomes. The Retail Price Index is expected to stand at 2.6% y/y compared to 2.7% last month, the PPI to increase to 3.8% y/y compared to 3.7%, while the CPI is expected to have stood at 1.9% compared to 2.1% in December.


* EU Industrial Production – Industrial production in the European Union is expected to continue its decline albeit at a slower pace, with a reduction of 0.4% m/m expected in the December data, compared to a 1.7% reduction in November.


* US CPI Inflation – Inflation is expected to have declined in the US, in association with the prevailing understanding of a slowdown in the economy, with the CPI expected to have increased by 1.5% y/y, compared to 1.9% y/y in December. Core CPI is expected to have increased by 2.1% y/y compared to 2.2%.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-13_09-14-41.png)


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 14, 2019, 10:46:27 AM

Date : 14th February 2019.


MACRO EVENTS & NEWS OF 14th February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-14_08-46-31.png)


FX News Today


* 10-year Treasury yields are up 0.2 bp at 2.704% and JGB yields fell back -0.8 bp to -0.025% as the rally on stock markets faded.


* Wall Street still closed with slight gains, but there wasn’t enough momentum to sustain a further broad move higher in Asia.


* Topix and Nikkei closed little changed and the Hang Seng is down -0.26% while CSI 300 and Shanghai Comp are up 0.33% and 0.13% respectively, after Chinese data showed a rebound in exports at the start of the year.


* The tech hub of Shenzhen outperformed with a gain of 0.93%, but the ASX closed with a marginal loss.


* US futures as well as European futures are moving higher though, so there is still some life in markets after reports that the US is considering delaying China tariffs for 60 days. President Trump had already told reporters that trade talks are making good progress.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-14_08-45-24-696x300.png)


Main Macro Events Today


* EU GDP – The common currency’s GDP is expected to have grown by 1.2% y/y in the final quarter of the year, the same growth rate recorded in Q3.


* US Retail Sales – One of the most important indicators of consumption, Retail Sales ex Autos are expected to have grown by 0.1% m/m in December, compared to 0.2% m/m in November.


* US PPI Inflation – In accordance with the slowdown picture in the US, PPI inflation is expected to have slowed to 2.5% y/y in January, compared to 2.7% y/y in December.


* US Jobless Claims – Continuing Jobless Claims are expected to have increased to 1.74M on the week ending at January 8, compared to 1.736M last week. Initial Jobless Claims are expected to have decreased to 225K compared to 234K the previous week.


* Brexit Vote –Theresa May has put a new motion before Parliament asking to allow her to continue negotiating, in order to seek changes to the backstop.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-13_09-14-41.png)


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 15, 2019, 11:37:22 AM

Date : 15th February 2019.


MACRO EVENTS & NEWS OF 15th February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-15_09-12-30-696x350.png)


FX News Today


* USD under pressure from that weak data yesterday, as US retail sales mix has revived concerns about the global growth outlook and without tangible results, markets seem unwilling to invest any more in trade talk hopes.


* Euro slipped under 1.1300 (1.285), as Germany’s flirt with recession has also shifted the focus to flagging growth in Europe, which has its own trade dispute with the US.


* GBP pressured from another lost Brexit vote for the Government, moving under 1.2800.


* Overnight Chinese CPI and PPI both missed expectations and Japanese Industrial Production remained woeful. Gains in AUD (under 0.7100) and NZD (0.6825) were reduced.


* Stock markets closed narrowly mixed on Wall Street with the USA100 managing a slight gain, while USA30 and USA500 were pressured by disappointing Retail Sales.


* In Asia most markets headed south, with Chinese indices underperforming. CSI and Shanghai Comp had rallied in recent sessions on hopes that another round of punitive tariffs could be avoided and that Trump would push out the March 1 deadline to give talks more time to progress, but the blue chip CSI 300 lost 1.58% today and the Shanghai Comp lost 1.13%, while the tech hub of Shenzen outperformed slightly, but also declined by 0.27%. The JPY dropped to 110.28 while Topix and Nikkei closed with losses of 0.79% and 1.13% respectively and the Hang Seng declined by 1.86%.


* US futures are also broadly lower, suggesting a somber close to the week. Oil prices tested the USD 55 per barrel mark before returning to $55.54 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-15_09-11-29-696x301.png)


Main Macro Events Today


* UK Retail Sales – Retail Sales ex-Fuel are expected to have increased in January, to 3.0% y/y, compared to 2.6% in December.


* US Industrial Production – Industrial Production is expected to have increased by 0.1% m/m in January, compared to 0.3% m/m in the previous month.


* Michigan Consumer Sentiment – Sentiment is expected to have rebounded as markets anticipate that the preliminary reading will see it increase from 91.2 in January to 93.0 in February.


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.


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.



Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 19, 2019, 11:14:29 AM

Date : 19th February 2019.


MACRO EVENTS & NEWS OF 19th February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-19_09-23-24-696x407.jpg)


FX News Today


* Mixed session on Asian stock markets.


* Japan’s central bank: “We won’t rule out further easing measures.”


* US-China trade talks resume for an extended second week in Washington after terminating in Beijing last week with “progress” but without resolution.


* In Europe, Trump’s threat of auto tariffs and Brexit talks dominate ahead of tomorrow’s Fed minutes.


* President Trump has 90 days to decide whether to act on the probe into whether imported vehicles pose a national security threat.


* AUDJPY has been the biggest mover in a day of directionally challenged markets, as participants wait on progress from the US-China trade talks.


* Cable has lodged back above 1.2900.


* Crude Oil prices meanwhile are trading close to three-month highs.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-19_09-24-07.jpg)


Main Macro Events Today


* German ZEW Investor Sentiment – A slight improvement is expected, to -14.0, which is actually a tad more pessimistic than Bloomberg consensus, which expects a rise to -13.5 from -15.0.


* UK Unemployment – Unemployment rate is expected to come in unchanged at the multi-decade low 4.0%


* UK Average Earnings – The average household income is anticipated to rise 3.5% y/y in the three months to December, up from 3.3% in the month prior, which would be a new cycle high for this metric.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-19_09-42-40.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 20, 2019, 09:13:27 AM

Date : 20th February 2019.


MACRO EVENTS & NEWS OF 20th February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-20_09-30-41-696x222.jpg)


FX News Today


* Bund yields lower in opening trade, Equity markets mostly higher in Asia.


* Stock markets in Asia remained underpinned by hopes of a US-Sino trade deal.


* Wall Street closed higher, helped by positive earnings at Walmart Inc. Fresh.


* President Trump meanwhile suggested that March 1 tariff deadline is not cast in stone, so there is hope that further tariffs can be avoided.


* Japan’s exports fell 8.4% in January, while imports declined 0.6% y/y. The contraction in exports seems consistent with escalating concern that Japan’s export sector will be dented this year by global trade frictions and the slowing in China’s economy.


* The Yuan lifted after a Bloomberg report saying the US was looking for a pledge from China that it will not devalue its yuan currency as part of the trade deal.


* USDJPY has climbed to 110.91 from 110.60, amid cautious risk-on theme


* WTI crude edged out fresh 3-month high of $56.77.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-20_09-30-55.jpg)


Main Macro Events Today


* Juncker and May meet for another round of crunch talks in Brussels today.


* EU Consumer Confidence – The overall Eurozone number Consumer Price Index (M/M) on course to be confirmed at 1.4% y/y.


* FOMC minutes – The focus turns on the FOMC minutes to the January 29, 30 policy meeting as we look to glean more information on the Fed’s pivot to a more dovish point of view, even as rates were left unchanged. We did get a glimpse from Chairman Powell’s press conference, where he noted tighter financial conditions, along with tame inflation. And he said the onus is on price pressures to force a rate move.


* Australian labour data – The unemployment rate is seen holding steady at 5.0%.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-20_09-40-20.jpg)


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.


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.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 21, 2019, 09:38:11 AM

Date : 21st February 2019.


MACRO EVENTS & NEWS OF 21st February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-21_09-06-06.png)


FX News Today


* Asian equities initially rallied after Fed minutes promised patience on further policy action but most have moved down from earlier highs.


* Hopes that the US and China are nearing a deal on trade have risen after an unnamed source cited by Reuters said the two sides have started to outline commitments in principle in what is described as the most significant progress yet.


* The JPY225 closed with a gain of just 0.15%, while the Topix was unchanged from yesterday. The Hang Seng is up 0.03% and mainland China indices are also little changed.


* The AUS200 outperformed and rallied 0.70%, after better than expected jobs data.


* US futures are stronger after Reuters reports outlined progress in US-Sino trade talks and European futures are also moving higher.


* The March WTI futures are trading at USD 57.33 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-21_09-05-25-696x299.png)


Main Macro Events Today


* EU PMIs – EU Manufacturing PMI is expected to have declined to 50.3 in February, compared to 50.5 last month, dangerously close to the 50 threshold. Services PMI is expected to have increased to 51.4, compared to 51.2 in January, hence pushing the overall Composite PMI higher to 51.1, compared to 51.0 in the previous month.


* Philly Fed Index – The Philly Fed Manufacturing Index is expected to have declined to 14, compared to 17 in January, still registering a positive effect.


* Durable Goods – Durable goods are expected to come out registering positive growth for December, compared to negative for November.


* US PMIs – Manufacturing is expected to have declined in the US, similar to the EU, reaching 54.7 compared to 54.9 last month, while Services are expected to have slightly grown to 54.3 compared to 54.2 in January.


* Existing Home Sales – Home Sales are expected to have remained at more or less the same levels, at 5M, compared to 4.99M last month.


* CB Leading Index – The Conference Board Index is expected to have shown a 0.1% m/m increase in January, compared to the 0.1% m/m contraction in December.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-20_09-40-20.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 22, 2019, 12:52:17 PM
Date : 22nd February 2019.

MACRO EVENTS & NEWS OF 22nd February 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-22_09-09-53-696x481.png)

FX News Today

* Both Topix and Nikkei, declined during the Asian session, with -0.25% and -0.18% respectively.

* Overall, stock markets in Asia struggled through most of the session as subdued inflation data rekindled concerns about a lack of demand and flagging growth and after Wall Street closed in the red.

* News that US President Trump will meet with China’s top trade negotiator today in Washington seems to have helped Chinese markets to stage a late rally and CSI 300 and Shanghai Comp are up 1.76% and 1.51% respectively and the Hang Seng also managed to claw back losses and is up 0.11%.

* US stock futures are posting marginal gains and the April WTI future is trading at just over USD 57 per barrel.

* USDCAD rallied over 1.32 to 1.3225, as Oil inventories rose, with the US at record production levels. Oil price is now back around the $57 mark.

* Japanese CPI data same as forecasts, pushing the Yen higher.

Charts of the Day

(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-22_09-03-16-696x299.png)

Main Macro Events Today

* EU CPI Inflation – Core inflation is expected to be confirmed at 1.1% y/y while the overall inflation rate is expected to have stood at 1.4% in January.

* Canadian Retail Sales – Retail Sales are expected to have declined by 0.3% m/m in December, an improvement from the 0.6% declined observed in November.

* Mario Draghi Speech – The ECB President is due to speak to the University of Bologna where he will accept an honourary degree.

Support and Resistance Levels

(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-22_09-08-38.png)

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: ✅BITVISA✅ on February 24, 2019, 04:58:18 PM
thanks for share this news
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 25, 2019, 02:11:34 PM
thanks for share this news
You are most welcome.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 26, 2019, 11:06:50 AM

Date : 26th February 2019.


MACRO EVENTS & NEWS OF 26th February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-26_08-58-15-696x337.jpg)


FX News Today


* Stock markets outside of mainland China headed south.


* The first offshore default by a Chinese state owned company in 20 years sparked a fresh wave of risk aversion and concerns over the health of the Chinese economy, as it has failed to repay a US dollar bond in Hong Kong.


* Border tensions between India and Pakistan added to the risk-off sentiment.


* European stock futures are also heading south, in tandem with US futures, amid ongoing Brexit uncertainty.


* German GfK consumer confidence held steady at 10.8 in the advanced reading for March, unchanged from the February reading.


* WTI crude dropped $2.00/bbl on Pres Trump tweet “Oil prices getting too high.”


* USDJPY fell amid risk-on theme, but still above 110.70.


* EURUSD firmer to around 1.1350 area.


* Gold is still unable to move decisively past the 1330 mark.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-26_09-30-31.jpg)


Main Macro Events Today


* Inflation Report Hearings


* UK Prime Minister Theresa May will update parliament today.


* US Housing data – Housing starts are estimated to rise 0.3% to a 1.260 mln pace in December, following a 3.2% jump to 1.256 mln in November. Building Permits are set at 129M in December.


* Fed Chair Powell Testifies – Fed Chairman Powell gives his semi-annual report to Congress. He will testify before the Senate Banking Committee.


* CB Consumer Confidence – It is expected to rise to 124.0 in February, from an 18-month low of 120.2 in January, and versus an 18-year high of 137.9 in October.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-26_10-28-59.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 27, 2019, 09:46:21 AM

Date : 27th February 2019.


MACRO EVENTS & NEWS OF 27th February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-27_09-14-34-696x377.jpg)


FX News Today


* Asian stock markets started higher after Fed’s Powell reiterated the cautious stance at the US central bank, telling lawmakers that there is “no rush to make a judgment” on further rate hikes.


* Traders are awaiting the second half of Powell’s testimony, while watching the US-North Korea summit, but after the sharp corrections in the second half of last year markets appear reluctant to push up too far.


* Dollar gained some against the Euro as CB confidence rose to 131.4, compared to 124.8 last month, while GBP declined from its 1.3272 peak. The Yen continued to rally against both the Euro and the Dollar, currently trading at 110.44 with respect to the latter.


* Topix and Nikkei closed with gains of 0.20% and 0.50% respectively, while mainland China bourses, which outperformed through much of the session, have erased gains leaving CSI 300 and Shanghai Comp down 0.56% and 0.02%.


* Small caps underperformed and the Shenzhen Comp is down -0.87%.


* The Hang Seng meanwhile is still hanging on to a 0.20% gain.


* US futures are heading south while the front end WTI future lifted to USD 55.88 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-27_09-09-07-696x300.jpg)


Main Macro Events Today


* US Durable Goods – Durable goods orders, an important indicator of consumer spending, are expected to have grown by 0.2% in January, compared to 1.2% in December.


* Canadian Inflation – Probably the country which usually posts the world’s most stable inflation rate, Canada is nonetheless expected to have seen its prices grow by 1.5% y/y in January, compared to 2% in December.


* Fed Chair Powell Testifies – Fed Chairman Powell continues his semi-annual report before the Senate Banking Committee.


* Pending Home Sales – Pending Home Sales are expected to have grown by 0.4% m/m, compared to -2.2% in December.


* Factory Orders – Orders are expected to have increased by 0.5% m/m, compared to a 0.6% reduction in November.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-26_10-28-59.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on February 28, 2019, 10:49:27 AM

Date : 28th February 2019.


MACRO EVENTS & NEWS OF 28th February 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-28_09-20-51-696x634.jpg)


FX News Today


* Bond and stock markets came under pressure during the Asian session.


* The US-North Korea summit ended abruptly and without any ceremony, which weighed on investor sentiment and saw stock markets heading south in Asia.


* Chinese manufacturing PMI numbers, which fell back to 49.2 from 49.5, and escalating tensions between India and Pakistan added to the risk-off backdrop.


* Topix and Nikkei both lost -0.79%, the Hang Seng is down -0.19%, CSI and Shanghai Comp lost -0.14% and -0.38%, but the Shenzen Comp managed to claw back some of yesterday’s marked losses.


* The ASX and Nifty outperformed and managed slight gains.


* US futures are also heading south, as oil prices are lower on the day and the April WTI future is trading at USD 56.76 per barrel.


* Oil was a big mover yesterday, up and then down on reports of record US production, after the Inventories showed a draw-down of 8 million barrels against expectations of a increase off 2.8 million.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-28_09-17-52-696x300.jpg)


Main Macro Events Today


* US GDP and PCE – US Q4 GDP is expected to have grown by 2.3% on an annualised rate, compared to 3.4% in Q3. PCE inflation is expected to have stood at 1.7%, increasing from 1.5% in the previous quarter.


* Canada Current Account – The Canadian current account deficit is expected to have widened in the final quarter of 2018, with consensus forecasts standing at 13.5B, compared to 10.3B in the previous quarter.


* Chicago PMI – The Chicago PMI is expected to have increased to 57, compared to 56.7 in January.


* Tokyo Core CPI and Japan Unemployment Rate – The Tokyo Core CPI, a proxy for overall Japanese inflation, is expected to have stood at 1% y/y in February, compared to 1.1% in January.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/02/2019-02-28_09-31-55.jpg)


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.


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.

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 01, 2019, 10:46:23 AM

Date : 1st March 2019.


MACRO EVENTS & NEWS OF 1st March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-01_08-56-55.jpg)


FX News Today


* Asian stock markets rallied driven from MSCI, weighted on Bonds.


* MSCI Inc. announcement that will increase the weight of Chinese stocks in its global benchmarks also underpinned bourses.


* The strong manufacturing PMI reading out of China, following on the heels of better than feared US GDP readings yesterday helped to underpin risk appetite.
The Yen has weakened concomitantly with rising stock markets in Asia.


* German January retail sales much stronger than expected at 3.3% m/m


* Eurozone HICP inflation seen ticking up to 1.5% y/y from 1.4%.


* EURUSD dropped back from 3-week highs to mid 1.13s.


* USDJPY rallied to 10-week high of 111.80.


* Gold slide on better US GDP, higher yields and stronger Dollar.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-01_09-01-57.jpg)


Main Macro Events Today


* EU Final Manufacturing PMI – They are expected to confirm the overall Eurozone reading at 49.2, which would leave it in contraction territory.


* EU CPI and core – The overall Eurozone HICP is seen ticking up to 1.5% y/y from 1.4%, while core inflation is likely to hold at just 1.1% y/y.


* German jobless numbers – Jobless data is seen rising 1K (median -3K), which should leave the jobless rate at a record low of 5.0%


* Canadian Q4 GDP – GDP for the last Quarter of 2018 is expected to slow to a 1.0% pace (q/q, saar) in January from the 2.0% rate of expansion in Q3, reflecting the hit from the oil price plunge during the quarter.


* Canadian December GDP – It is seen coming in flat (0.0%) after the 0.1% decline in November, reflecting the drag on the economy from the oil producing sector.


* US December personal income – It is projected rising 0.5% after a 0.2% rise in November, reflecting strength in December aggregate income.


* US PCE – A -0.3% decline is seen in real PCE in December, following a 0.3% increase in November. Core PCE Price Index is anticipated at 0.2%m/m from 0.1%m/m.


* US ISM Manufacturing PMI – The February ISM is expected to slip to 55.0 in February, but from a robust 56.6 reading in January.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-01_09-40-48.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 04, 2019, 10:44:48 AM

Date : 4th March 2019.


MACRO EVENTS & NEWS OF 4th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-04_08-56-56-696x100.jpg)


FX News Today


* A report in the WSJ over the weekend that the US and China closing in on a deal, and that Trump and Xi are to meet on March 27, pushed equities up although nothing is confirmed by Beijing or Washington.


* USA500 closed over 2800 Friday and holds gains this morning at 2813, while Nikkei closed up 1%. USD holds gains.


* Oil big down day on Friday with a move to 55.65 from 57.50. Gold closed the week under 1300.00, with trades down at 1294.


* Big policy week ahead, with ECB, RBA, and BoC interest rate decisions, as well as NFPs on Friday.


* The Brexit process will remain a key focus for markets this week. Political developments in the UK last week reduced the odds for a no-deal Brexit scenario, although it has always be our conviction that this is a low-risk possibility as the UK parliament will have final say and, given the numbers and strength of view of most MPs, it is hard to conceive that a no deal would be allow to happen.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-04_08-57-39-696x299.jpg)


Main Macro Events Today


* UK Markit Manufacturing PMI – The UK PMI is expected to have stood at 50.2 in February compared to 50.6 in January, in response to the slowdown in the world economy.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-04_08-58-52.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 05, 2019, 11:56:56 AM

Date : 5th March 2019.


MACRO EVENTS & NEWS OF 5th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-05_08-21-28-696x450.jpg)


FX News Today


* Stock markets struggled after Wall Street closed lower on Monday.


* US equities slumped as trade optimism gave way to fresh economic concerns after the drop in construction spending.


* The US may lift tariffs on Chinese imports, will sign off on final deal later in the month (March 27).


* Bloomberg also reported that some $90 bln (3%) in VAT reductions is planned by China as well.


* China lowered its official goal for economic growth this year to 6.0% from 6.5%.


* RBA left official cash rates unchanged at 1.50%, as expected.


* WTI future is trading at USD 56.36 per barrel.


* Gold dipped under $1,284 on risk-on trade, before finding prop from stock slump.


* USDJPY off Friday’s 10-week high at 112.07.


* EURUSD hit 1-week lows into ECB.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-05_09-02-34.jpg)


* EURUSD crossed the 20-day SMA. In the 1-hour chart, the bearish cross of 50- and 200-period EMA along with the negative configured indicators imply further declines.


* USDJPY moves for a 3rd day above an ascending triangle, the 200-DMA and on Friday broke the 11-day Resistance. This suggests the strengthening of the positive bias.


* GBPUSD held in an upwards channel in the daily chart despite 3 negative sessions. Intraday is below 3 MAs, while Support is at 1.3140 and 1.3110.


* XAUUSD is extended below BB. It found Support at 1,282.80 Next Support at 1,275 and Resistance at yesterday’s peak.


* Biggest Loser: NZDUSD forms 5 consecutive bearish daily candles, trading below the 20-day SMA, while the long low wings suggest an increasing bearish bias overall.


Main Macro Events Today


* EU Markit PMI Composite – The final Services PMI is expected to be confirmed at 52.3 which should leave the composite reading at 51.4, but with a slight risk to the upside after the marginal revision to the manufacturing PMI.


* UK Service PMI – The Services PMI reading is expected to come in at 50.0, the dividing line between contraction and expansion.


* US Home Sales – New home sales are estimated falling 8.7% in December to 600k after a 16.9% surge in November.


* US ISM Non-Manufacturing PMI – February ISM-NMI index is forecast to rebound to 57.3 after falling 1.3 points to 56.7 in January.


* BoE Governor Carney – BoE Carney is due to testify on Brexit, inflation, and the economy before the House of Lords Economic Affairs Committee, in London.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-05_09-29-10.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 06, 2019, 11:34:24 AM

Date : 6th March 2019.


MACRO EVENTS & NEWS OF 6th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-06_09-29-57-696x402.jpg)


FX News Today


* Bond yields declined after Fed’s Rosengren suggested the pause in the rate hike cycle may last several meetings, while Morgan Stanley is now predicting that Treasury yields will continue to drop by the end of the year, and traders are likely to remain cautious ahead of US jobs data on Friday.


* Australian bonds rallied and the AUD was under pressure as weaker than expected GDP numbers data added to speculation of rate cuts from the RBA, which in turn helped the ASX to gain 0.75%.


* Overall stock markets traded mixed across Asia with markets reluctant to push out valuations further without more concrete details on the possible US-Sino trade deal.


* Dovish-leaning BoJ comments failed to give Japanese markets a lift and Topix and Nikkei closed with losses of -0.25% and -0.60% respectively.


* China’s announcement of measures to boost domestic consumption further this year, helped Shanghai and Shenzhen Comp to gain 0.55% and 0.46% respectively.


* US stock futures are broadly lower, as are European futures, while the front end WTI future is trading at USD 56.10 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/image.png)


Technician’s Corner


* EURUSD traded around 1.13, unable to break decisively in either direction, as the post-PMI rally eased. MACD and Stochastics point to an uptrend although MAs are still down.


* USDJPY managed to maintain its gains, as the short-term MA appear about to break through the longer-term MA and the mid-Bollinger level, supported by the indicators.


* GBPUSD moved slightly down on account of the Dollar strength, albeit not breaking through the 1.31 mark. Indicators are showing mixed signals.


* XAUUSD broke through the mid-Bollinger level and has been moving towards its 200HMA. Support level is at 1290, with Resistance at 1320.


* Biggest Winner: EURAUD gained significantly as RBA Governor Lowe tried to downplay the importance of the housing market slump, arguing that the probabilities are evenly balanced between rate hikes and rate decreases.


Main Macro Events Today


* ADP Employment Change (GMT 13:15) – February’s labour market data are projected to have been improving at a lower rate, at 189K, compared to 213K in January.


* BoC Rate Statement (GMT 15:00) – BoC is not expected to raise interest rates, a result of weaker than expected Canadian data releases, as well as the overall “wait and see” stance of many Central Banks around the world.


* US Crude Oil Inventories (GMT 15:30) – The change in the number of barrels of crude oil held in inventory by commercial firms during the past week affects both the price of Oil as well as Oil-dependent currencies such as the Loonie and the Aussie. Forecasts are that inventories will rise by 1.2M, compared to a reduction of 8.6M last week.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-05_09-29-10.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 07, 2019, 12:27:52 PM

Date : 7th March 2019.


MACRO EVENTS & NEWS OF 7th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-07_08-12-05-696x487.jpg)


FX News Today


* The Yen and the Swissy edged up as investors sought shelter in safe-haven currencies, and stock markets headed south during the Asian session amid fresh concerns about the global growth outlook, increased US-North Korea tensions, and as traders await more details on a possible US-Sino trade deal.


* The BoC added its name to the growing list of central banks that are taking a pause to assess current risks, maintaining rates at 1.75% and watering down its rate normalization.


* Yesterday’s data showed the US trade deficit widening to a 10-year high, which will only increase the risk of further protectionist measures at a time when global trade tensions increasingly weigh on growth prospects.


* The OECD cut forecasts for the global economy in 2019 and 2020, again yesterday, delivering a bleak assessment of the global economy. However, the prospect of further stimulus measures is keeping bond markets underpinned and the fallout in the stock market appears to be limited. Still, all Asian markets are trading in the red, with the only exception being the ASX which rose by 0.29%.


* US futures are heading south, however, while the front end WTI future is trading at USD 56.26 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/image-1.png)


Technician’s Corner


* EURUSD is trading around 1.13 again, unable to break decisively in either direction, in anticipation of the ECB meeting and the NFP data tomorrow.


* USDJPY has declined as investors sought shelter in safe-haven currencies, reaching 111.68 and creating a downwards trend towards the 200-HMA at 111.30.


* GBPUSD moved slightly higher, albeit not breaking through and remaining above the 1.319 mark. MACD, Stochastics and MAs point downwards.


* XAUUSD broke through its Support level at 1290, and appears to have currently paused at 1284. Indicators are sending mixed signals.


* Biggest Winner: USDCAD gained significantly as BoC maintains its interest rates unchanged. The pair jumped 20 pips during the meeting and is currently trading at a 2-month high at 1.3442.


Main Macro Events Today


* EU GDP (GMT 10:00) – The European Union’s GDP is expected to come out at 1.2% y/y, the same as the preliminary release in February.


* ECB Interest Rate Decision (GMT 12:45) – No changes are expected from the ECB meeting, although Mario Draghi’s speech could provide more insights with regards to the potential TLTRO implementation or other possible policy measures.


* Productivity, Labour Costs, Jobless Claims (GMT 13:30) – Productivity is expected to have slowed down to 1.6% in Q4, compared to 2.3% in the previous quarter, while Labour Costs are expected to have risen by 1.6%, compared to 0.9% in Q3. Initial Jobless Claims are expected to have remained at the same level, while Continuing Jobless Claims are expected to have declined to 1.775M.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-07_08-12-33.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 08, 2019, 11:15:32 AM

Date : 8th March 2019.


MACRO EVENTS & NEWS OF 8th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-08_09-39-14-696x463.jpg)


FX News Today


* Global sell off in stock markets continued during the Asian session.


* Chinese markets in particular sold off after much weaker than expected trade data and a rare “sell” rating from China’s largest brokerage was taken as a sign that the government wants to limit gains on equity markets.


* The ECB’s dovish turn and sharp growth revisions have fuelled concerns about the global outlook and sparked a fresh wave of risk aversion.


* German manufacturing orders slumped -2.6% m/m in February


* GER30 slumps at 11425.00 area on the EU open.


* EURUSD plunged below 1.1200 after ECB.


* USDJPY ebbed to 1-week low, AUDJPY saw 2-week low, amid risk-off backdrop


* The WTI future is trading at USD 56.38 per barrel.


* US futures are heading south, however, while the front end WTI future is trading at USD 56.26 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-08_09-39-38.jpg)


Technician’s Corner


* EURUSD has consolidated around 1.12 after post-ECB plunge into 21-low terrain. The weak bullish candles suggest a weak positive bias.


* GBPUSD in a ranging market with immediate Resistance at 1.3100 and Support at 1.3065. Overall remains in downtrend with Momentum indicators negatively configured intraday and daily as well.


* XAUUSD reached 1293 level  but remains for 5th day above 1280 which stands a near term Support. It break outside hourly Bollinger Bands could follow by a pullback as it suggest an overextended move.


* Biggest Winner: USDJPY  has dipped to 110.95 from 111.60. The pair broke the the 200-day moving averageand is currently retesting a cross into negative BB area. This along with a decline of positive bias in MACD and Stochastic suggest a possible turn of the outlook into negative one in the medium term.


Main Macro Events Today


* US Housing starts – It should rise 11.3% to a 1.200 mln pace in January after an 11.2% drop to 1.078 mln in December.


* US NFP – A rather solid February nonfarm payroll report is seen, even if the headline 180k job gain significantly undershoots the 304k January surge and would be the smallest gain since September.


* Canadian Labor data – Employment is expect to reveal a 20.0k gain in jobs during February after January blasted through expectations with a 66.8k increase. The unemployment rate is seen unchanged.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-08_11-22-42.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 11, 2019, 01:14:38 PM

Date : 11th March 2019.


MACRO EVENTS & NEWS OF 11th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-08_16-41-54-696x143.jpg)


FX News Today


* Stock market sentiment started to stabilise during the Asian session and many indices, first and foremost in China, managed to claw back some of Friday’s losses.


* Chinese indices led the way after moving past the disastrous trade number from last Friday.


* While dovish-leaning central banks in general and the additional action from the ECB in particular sparked fears that the global growth outlook is actually worse than anticipated, the fact that there is more support should also be constructive for stock markets in the medium term.


* BoJ is set to meet this week while it is believed that China and the US are in general agreement on many crucial issues and have held meaningful discussions on foreign exchange, according to People’s Bank of China Governor Yi Gang.


* Topix and Nikkei are up 0.57% and 0.47% respectively, the Hang Seng gained 0.68%, CSI 300 and Shanghai Comp are up 1.47% and 1.35% respectively and the Shenzhen Comp outperformed with a 3% gain. The ASX meanwhile was among the few underperformers with a loss of -0.38%.


* US futures are narrowly mixed, with the Dow Jones futures underperforming and the front end WTI future trading at USD 56.32 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-08_16-51-01-696x300.jpg)


Technician’s Corner


* EURUSD has consolidated having risen after the NFP release, with 1.1256 standing as the next Resistance level, while Support is found at 1.1224.


* GBPUSD appears to be currently moving in anticipation of tomorrow’s Brexit developments, with immediate Resistance at 1.3050 and Support at 1.2961.


* XAUUSD moved past 1300 for a while before retracting, but remained above 1280 for a 6th day. Immediate support is at 1292 while Resistance remains at 1300.


* USDJPY is still trading at two week lows, with the immediate Support and Resistance levels standing at 111.05 and 111.25.


Main Macro Events Today


* Retail Sales ex Auto (USD, GMT 12:30) – Retail Sales are expected to have grown by 0.3% m/m, most likely a base effect from the previous 1.8% reduction in December.


* Eurogroup Meeting (EUR, Full Day) – The Finance Ministers of each Member State will meet in Brussels to discuss various financial issues, including fiscal policy.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-08_16-41-09.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 12, 2019, 11:43:49 AM

Date : 12th March 2019.


MACRO EVENTS & NEWS OF 12th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-12_09-15-20-696x453.jpg)


FX News Today


* The global stock market recovery continued during the Asian session.


* News came out at the last minute that a “legally binding” agreement has been reached between the EU and the UK, giving May an assurance that the dreaded Irish border backstop doesn’t become permanent underpinned.


* The pound strengthened, as well as stock markets across Asia after a positive close on Wall Street, where robust retail sales had helped to bolster confidence.


* The latter also helped tech stocks to break the losing streak amid news that Nvidia Corp. agreed to buy chipmaker Mellanox Technologies Ltd.


* Topix and Nikkei rose 1.52% and 1.79% respectively overnight. The Hang Seng is up 1.2% and CSI 300 and Shanghai Comp rose 0.48% and 0.76% so far, with the Shenzen Comp up 0.88%.


* The ASX underperformed and closed with a loss of -0.09%, as Aussie loans data again came out negative.


* US futures are broadly higher, while the front end WTI future saw a high of USD 57.14 before falling back to now USD 56.91 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-12_09-20-13-696x298.jpg)


Technician’s Corner


* EURUSD has continued its rise after the positive Brexit news, trading around the 1.1256 Resistance level, far from both the next 1.1224 Support and 1.13 Resistance.


* GBPUSD gained on the positive Brexit developments, breaking through the 1.32 Resistance but the MACD suggests that this may be running out of steam.


* XAUUSD continues to fluctuate around the 1295 mark, with the MACD and Stochastics indicators pointing to the downside as price it hits its 200HMA.


* USDJPY continues to move upwards, with immediate Resistance at the 200HMA level at 111.54, while Stochastics and the MACD point downwards.


Main Macro Events Today


* Industrial and Manufacturing Production (GBP, GMT 09:30) – Industrial and Manufacturing Production are expected to have remained flat registering 0.0% m/m growth in January, compared to a 0.5% and 0.7% declines in December.


* Consumer Price Inflation (USD, 12:30) – US CPI is expected to stand at the same level as in January, both for the overall and the core index, at 2.2% and 1.6% respectively.


* Brexit Vote (EUR, USD, N/A) – The UK Parliament will vote on whether it will accept May’s amended deal, in light of today’s agreement on the backstop.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-12_09-14-21.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 14, 2019, 09:27:35 AM

Date : 14th March 2019.


MACRO EVENTS & NEWS OF 14th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-14_09-02-49-696x246.png)


FX News Today


* The dollar pulled ahead from a nine-day low on Thursday, largely helped by the pound snapping back after a sharp rally made on Brexit relief.


* MPs surprised the government and voted by 312 to 308 to reject a no-deal Brexit under any circumstances. The vote is not binding – under current law the UK could still leave without a deal on 29 March.


* Another vote tonight, with British lawmakers widely expected to vote in favour of a Brexit delay.


* US grounded Boeing’s 737 Max 8 and 9 fleet as announced by the FAA, with Boeing itself recommending that the 737 Max should be taken out of service. More than 370 such planes are operated. Boeing saw its value decline by $26.6 billion this week.


* Data from China point to the negative as unemployment has risen, industrial production growth has slowed, even though retail sales continue to grow.


* Gold declined as the Dollar strengthened, still trading about 1300. Oil reaffirmed its gains and traded around $58.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/image-2.png)


Technician’s Corner


* EURUSD has continued its rise after the positive Brexit news, trading around the 1.1256 Resistance level, far from both the next 1.1224 Support and 1.13 Resistance.


* EURUSD continued its rise after the rejection of the no-deal Brexit. The pair broke through its 200HMA, and the Resistance point at 1.13, but has not managed to stay above the 1.1330 Resistance. Indicators are showing mixed signals.


* GBPUSD gained after the rejection of the no-deal Brexit, breaking through the 200HMA yesterday, but bouncing off both the 1.3336 Resistance level and the 1.3245 Support.


* XAUUSD lost as the Dollar gained yesterday, coming down from the 1310 highs and currently trading at 1302. The MACD and Stochastics are issuing negative signals.


* USDJPY continues its slow upwards movement, breaking through the sideways channel as it is currently trading above its 200HMA level at 111.50, with immediate Resistance at 111.68. MACD and Stochastics are showing signs of saturation.


Main Macro Events Today


* Jobless Claims (USD, GMT 12:30) – Continuing and Initial Jobless Claims are expected to have risen last week, by 2K and 20K respectively, reaching 225K and 1.775K.


* New Home Sales (USD, GMT 14:00) –New Home Sales are expected to have marginally declined in January, to 0.62M from 0.621M in December.


* Brexit Vote (EUR, GBP, N/A) – The UK Parliament will vote on whether a Brexit delay should be pursued.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-14_09-29-27.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 15, 2019, 12:21:30 PM

Date : 15th March 2019.


MACRO EVENTS & NEWS OF 15th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-15_09-43-43-696x325.png)


FX News Today


* Asian indices broadly higher amid fresh hopes on the US-Sino trade front.


* BoJ kept policy unchanged as expected, exports seen weighing on outlook.


* Trump-Xi summit pushed back to end of April, USTR cited “major issues”.


* Xinhua news agency reported that Chinese Vice Premier Liu He had a telephone conversation with US Secretary Mnuchin and US Trade Representative Lighthizer and that further substantive progress on trade talks has been made.


* UK lawmakers backed a delay to the Brexit process.


* PM May set to ask for a short term extension if her Brexit deal gets through by March 20, i.e. before the next EU summit, or a long term delay if not.


* European stock futures are moving higher in tandem with US futures.


* WTI future is trading at USD 58.76 per barrel.


* EURUSD softer after posting 9-day high at 1.1341 following soft US PPI


* USDJPY lifted to 1-week highs above 111.70; Yen wary of BoJ dovish tone.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-15_09-27-26.jpg)


Technician’s Corner


* EURUSD found a floor at 1.1310 after rebounding from 1.1290 and overall remains in an uptrend. The same positive bias held intraday as well, with MAs pointing upwards and RSI sloping above 50.


* GBPUSD is trading in a descending triangle. Support is held at 50-period SMA at 1.3225 and Resistance at 1.3265. A break of these barriers could suggest the near term direction for Pound.


* XAUUSD rebounded from 1297 and broke the 1300 barrier earlier. Upper Bollinger bands are extending higher while the asset has regained more than 60% of the losses seen yesterday, turning the negative near term outlook to a positive one.


Main Macro Events Today


* BoJ Kuroda Speech – Due to speak at the B20 Tokyo Summit.


* EU Final CPI – The overall Eurozone HICP is anticipated at 1.5% y/y.


* Canadian Manufacturing Sales – the Manufacturing shipment values are expected to edge 0.5% higher in January after the 1.3% drop in December.


* Michigan Sentiment and Industrial Data– Industrial production is projected to rise 0.4% in February, after a 0.6% drop in January, while capacity utilization should rise to 78.4% from 78.2% in January. An early March Michigan Sentiment reading is expected of 96.0 , up from 93.8 in February, but well below the 14-year high of 101.4 last March.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-14_09-29-27.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 18, 2019, 11:25:06 AM

Date : 18th March 2019.


MACRO EVENTS & NEWS OF 18th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-18_08-55-57-696x97.jpg)


FX News Today


* Stock markets rallied in Asia with Chinese indices leading the advance as markets prepare for a cautious Fed meeting this week.


* China’s promise to support the economy via a cut in the VAT rate is adding support and helping markets to leave December lows far behind.


* US futures are also on the rise as are European futures.


* Japanese exports decline for a third consecutive month. Singapore non-oil exports swUng to surprise 4.9% rise in February after 3 months of decline


* North Korea may suspend nuclear talks with the US, according to Russia’s TASS.


* Brexit: May is still trying to get her Brexit deal over the line ahead of the March 21/22 EU summit, with an extension now needed even if the deal goes through.


* BCC published a report showing that UK business investment is on course to decline by 1.0% in 2019, which would be the worst in a decade.


* EURUSD above 1.1300, after marking 10-day peak near 1.1345 on tame Fed view.


* USDJPY tipped lower on N. Korea back-track after printing 9-day peak at 111.90.


* IEA warned of sharp Venezuela supply drop, but OPEC has spare capacity to offset.


* The WTI future meanwhile is trading at $58.40.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-18_09-04-58-1.jpg)


Technician’s Corner


* EURUSD found some ground on Friday’s closing. It is currently trading above its 10-day peak, in the upper BB pattern. Next Resistance 1.1360(50DMA) and Support at 1.1320 (20DMA).


* GBPUSD is consolidating in the upper 1.32 area. Overall it remains in an up channel.


* NZDUSD: Broke 3-day High and currently retesting the upper line of a descending triangle. Bullish inverse Head and Shoulders has also been identified in the hourly chart. Resistance holds at 0.6875-0.6900.


* XAUUSD rebounded from 1,298 the past hour up to 1,304 area. Any consecutive bullish candles could suggest a positive intraday outlook.


Main Macro Events Today


* Eurozone Trade data – Eurozone trade data as well as current account data are likely to reflect the global pressure on exports. January’s trade balance is expected to fall to EUR 13.2 bln, vs EUR 15.6 bln in February.


* US NAHB Housing Market Index – The NAHB Housing Market Index for March kicks off the week, and it is expected to rise to 63 from 62 last time.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-18_09-34-57.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 19, 2019, 11:53:05 AM

Date : 19th March 2019.


MACRO EVENTS & NEWS OF 19th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-19_09-05-46-696x303.png)


FX News Today


* The main focus is the eagerly awaited Fed announcement tomorrow, with the US central bank expected to turn down the to just one rate hike this year, and the USD remains in “wait n see mode” ahead of FED tomorrow.


* Central banks in Indonesia, the Philippines and Thailand hold policy meetings this week and are expected to stay on hold as well.


* In the RBA minutes, the outlook for the Aussie economy was mentioned as having “significant uncertainties’, as house prices cooled significantly more than expected too.


* However, while the prospect of ongoing support from central banks and governments helped stock markets to move higher across Asia yesterday, today’s trading saw a broad correction, with Chinese indices, which outperformed Monday, underperforming today.


* The Shanghai Comp lost -0.63%, the CSI 300 was down -0.82%, while the Hang Seng had declined -0.23%. Topix and Nikkei closed with losses of -0.21% and -0.08% respectively and the ASX was down -0.09% in the end.


* US futures are posting fractional gains, while European futures are down. The front end WTI future meanwhile is trading at USD 58.98 per barrel, after touching a high of USD 59.14 overnight.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/image-4.png)


Technician’s Corner


* EURUSD traded up and down yesterday, ranging around the 1.1345 Resistance level, breaking through it early today. Still below yesterday’s peak, MAs suggest the Euro will strengthen, supported by the MACD, while Stochastics suggest that it is overvalued.


* GBPUSD is consolidating in the upper 1.32 area, moving on a sideways channel, still below end-February highs. MACD and Stochastics are showing down signals.


* USDJPY has continued its downwards trend breaking through the 200HMA yesterday, reaching as low as 111.18, with Resistance standing at 111.40 and Support at 111.08.


* XAUUSD continues to trade above the $1300 mark, in a slight upwards trend, even though Stochastics and MACD show signs of regression. Data releases and any Brexit developments today could affect it.


Main Macro Events Today


* Average Earnings ex Bonus and Unemployment Rate (GBP, GMT 09:30) – Average Earnings in the UK are expected to have stood at 3.4% in the three months to January, the same growth rate as the previous time. The ILO unemployment rate is expected to remain at 4%.


* Economic Sentiment (EUR, GMT 10:00) – March’s economic sentiment index is expected to stand at -18.7, a decline from the -16.6 observed in February.


* Factory Orders (USD, GMT 14:00) – Factory orders are expected to have grown by 0.3% in January, compared to 0.1% in December.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-19_09-04-47.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 20, 2019, 10:41:54 AM

Date : 20th March 2019.


MACRO EVENTS & NEWS OF 20th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-20_08-53-39-696x457.png)


FX News Today


* Fed day today – will they be as dovish as the markets seem to think? No change on the rates is expected but their musings on the future path of monetary policy, both conventional as well as with regards to its balance sheet position will be key for the USD and bond yields.


* Ahead of today’s awaited Fed announcement the Asian session also experienced some profit taking as markets expected a dovish turn.


* In the Asian session stocks traded narrowly mixed, with Chinese markets underperforming amid reports that China is pushing back against some of the US demands in trade talks.


* Overall though traders see signs of eagerness to come to a deal among Chinese officials ahead of further trade talks as US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are set to travel to China next week.


* Topix and Nikkei managed to close with gains of 0.26% and 0.20% respectively. The ASX, however, was down -0.31% at the close and Hang Seng and mainland China bourses are also in the red.


* US futures are little changed and the front end WTI future is trading at USD 58.97 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-20_08-54-37-696x300.png)


Technician’s Corner


* EURUSD traded mostly above the 1.1345 Resistance level, even though very close to it, in anticipation of the Fed meeting. Indicators are showing signs of consolidation.


* GBPUSD is moving in a similar way as the EURUSD consolidating in the upper 1.32 area, for the 5th consecutive day, moving on a sideways channel, still below end-February highs. MACD and Stochastics support consolidation.


* USDJPY moved slightly up on the leading indicator announcement, which showed worse than expected performance compared to the previous month. After etching to 111.60, the pair declined slightly, a move supported by both MACD and Stochastics.


* XAUUSD is still above the $1300 mark, while some downwards momentum exists despite indicators pointing upwards. The Fed decision is expected to have a strong effect on Gold.


Main Macro Events Today


* Retail, Producer, and Consumer Price Indices (GBP, GMT 09:30) – Both the CPI and the RPI are expected to have registered the same growth as January, showing 2.5% y/y and 1.9% y/y respectively. The PPI is expected to have grown by 4.3% y/y compared to 2.9% y/y last month.


* Fed Interest Rate Decision (USD, GMT 18:00) – The eagerly awaited Fed decision is expected to shed light as to whether the 2 rate hike policy is to be continued or whether one rate hike is to be expected. Furthermore, comments on its potential balance sheet actions could also affect the markets.


* Gross Domestic Product (NZD, GMT 21:45) – New Zealand GDP is expected to have grown by 2.5% y/y in 2018Q4, compared to 2.6% in 2018Q3.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-20_08-52-51.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 21, 2019, 11:39:04 AM

Date : 21st March 2019.


MACRO EVENTS & NEWS OF 21st March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-21_09-25-30.png)


FX News Today


* The EU summit starts today and while Brexit is not the only topic on the agenda, it will likely dominate discussions, after PM May yesterday officially asked for an extension until June 30 and ruled out that she as Prime Minister would ask for a long extension.


* EU council president Tusk in his official response made it clear that a short extension will only be possible if the Withdrawal Agreement has been backed by MPs in London.


* Tusk did not rule out a long extension but as May has made it clear that she as PM won’t ask for one, that is currently not on the table.


* After an interesting meeting yesterday, the Fed was even more dovish than expected, suggesting that no rate hikes would take place in 2019, although leaving the window open for some hikes in 2020.


* Overall, the Fed commented that a patient, semi-neutral approach was the best at this point, after the cooling in growth and inflation. Justification was sought in slower growth, static payrolls, weaker household spending and a decline in overall inflation.


* In addition, the Fed also confirmed plans to taper in May, and then end in September, the balance sheet runoff.


* Trump, following the Fed, tweeted that tariffs on Chinese goods could be in place for a “substantial period”. Equities dropped, after increasing as a result of the Fed dovishness.


* Dow closed down 0.55% and under its 20 SMA. Asian shares are less impacted, but Japan is closed today.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-21_09-20-08-696x302.png)


Technician’s Corner


* EURUSD pushed higher than the 1.14 level on the Fed dovishness, with expected Resistance at 1.1433, and then at 1.15. Indicators are supportive of a consolidation/downtrend mode this morning.


* GBPUSD is slightly regaining its losses, still moving around the 1.32 area, on a sideways channel, still below end-February highs. MACD and Stochastics can perhaps be interpreted as sending positive signals.


* USDJPY dropped heavily on the Fed announcement, crossing the 110.72 Support and its 200HMA. The next Support level is at 110.34, even though the MACD and Stochastics do not appear to agree with the downwards trend.


* XAUUSD gained significantly and is trading at $1319, while some downwards momentum continues to exist according to the indicators. The Fed decision did have a strong effect, as suggested yesterday, and the question is whether Gold can now break through the $1321 Resistance level, or will retrace to the $1313 Support.


Main Macro Events Today


* European Council Meeting (EUR, GBP, Full Day) – One of the most important European Council Meetings for the year, given that Theresa May will likely aim to provide justification for a Brexit delay.


* Employment Data (AUD, GMT 00:30) – While the Unemployment Rate is expected to have remained at 5% in February, employment change is expected to have eased, increasing by 15K compared to 39K last month.


* SNB Interest Rate Decision (CHF, GMT 08:30) – The SNB is not expected to surprise markets as the Swiss rate is forecast to remain at -0.75%.


* Retail Sales ex Fuel (GBP, GMT 09:30) – UK Retail Sales are expected to have eased, growing by 0.2% on a m/m basis, compared to 1.2% in January.


* BoE Interest Rate Decision (GBP, GMT 12:00) – Shadowed by the ongoing political developments in Brexit, the BoE is not expected to proceed with any interest rate actions.


* CPI inflation (JPY, GMT 23:30) – National Core CPI for Japan is expected to have declined to 0.3% m/m in February, compared to 0.4% in January.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-21_09-25-13.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 22, 2019, 11:42:37 AM

Date : 22nd March 2019.


MACRO EVENTS & NEWS OF 22nd March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-22_08-55-40-696x526.jpg)


FX News Today


* Bund yields slightly higher in opening trade after cautious session on Asian stock markets.


* EU hands UK another 2 weeks to avoid no-deal Brexit, eyes May 22 exit if deal passes, otherwise PM May must come up with a Plan B. If the deal gets through, an extension until May 22 has already been backed by the EU-27.


* Japan’s nationwide core CPI undershot expectations at 0.7% y/y in February.


* The European calendar focuses on Eurozone prel. March Manufacturing PMI readings.


* Gold whipsawed back toward $1,300 by resurgent USD index near 96.5


* EURUSD corrected back under 1.1400.


* USDJPY up from 5-week low of 110.28.


* WTI crude has settled slightly below $60.0 after posting a fresh 4-month high at $60.39


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-21_09-20-08-696x302.png)


Technician’s Corner


* EURUSD is slightly below Pivot Point of the day and the 38.2% Fib from the week’s peak,  at 1.1385. A decisive break could lead towards 1.1410 Resistance. However indicators are not supportive, as they remain negatively configured.


* GBPUSD topped at 1.3160, however the last 4 small body candles along with the latest doji candle suggest that upside movement might reach an end. Support at 1.3113 and 1.3000.


* USDJPY dropped further into London open, down to 110.70. Indicators retreated from neutral zone, with RSI looking lower. The next Support level is at 110.64, and 110.36.


Main Macro Events Today


* Eurozone Manufacturing PMI – Eurozone Manufacturing PMI is expected to improve marginally to 49.5 from 49.3 and the services reading to ease slightly to a still strong 52.7 from 52.8, which should leave the composite slightly higher at 52.0, versus 51.9 in the previous month.


* Canadian CPI – The CPI is expected to climb 0.5% in February (m/m, nsa) after the 0.1% rise in January, boosted by stronger gasoline prices and seasonal strength in February’s CPI.


* Canadian Retail Sales – The Retail sales are anticipated at 0.3% in January after the 0.1% dip in December.


* US Home Sales – Sales are estimated to grow 0.6% following a 1.0% December decline. The I/S(Inventory to Sales) ratio should edge down to 1.32, from 1.33.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-21_09-25-13.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 25, 2019, 11:49:28 AM

Date : 25th March 2019.


MACRO EVENTS & NEWS OF 25th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/events_1200x628-696x364.png)


Events to Look Out For Next Week


The Brexit saga continues next week with the Vote standing out as the event of the week, even though important data releases are scheduled across many currencies in the coming days.


Monday – 25 March 2019
_________________________________________________________________________


* All Industy Activity Index (JPY, GMT 04:30) – The Industry Index, known for its leading indicator abilities, is expected to have stood at 0.2% m/m in January, compared to -0.4% in December.


* German Business Climate (EUR, 09:00) – Business climate in the largest EU country is expected to have grown marginally to 98.7 compared with 98.5 last month.


* Trade Balance (NZD, GMT 21:45) – The overall trade deficit of New Zealand is expected to have declined to $6.1 billion in February, compared to $6.4 billion in January.


Monday – 26 March 2019
_________________________________________________________________________


* Housing Data (USD, GMT 00:30) – Housing starts and Building Permits are expected to have increased marginally in February, while the S&P House Price Index is expected to have continued its deceleration, growing by 3.9% in January, compared to 4.2% in December. As in previous occasions, housing market data usually have more impact on the stock market than on the currency.


* CB Consumer Confidence (USD, GMT 14:00) – The Conference Board Index is expected to have increased to 132.1, compared to 131.4 in the previous month.


Monday – 27 March 2019
_________________________________________________________________________


* Interest Rate Decision (NZD, GMT 01:00) – No change is expected in the RBNZ meeting, with the Central Bank likely to also push forward a “wait-and-see” stance.


* Trade Balance (CAD, GMT 12:30) – Business climate in the largest EU country is expected to have grown marginally to 98.7 compared with 98.5 last month.


Monday – 28 March 2019
_________________________________________________________________________


* German CPI (EUR, N/A) – The German inflation rate is expected to have increased to 0.6%, compared to 0.4% in the previous month.


* US Final GDP (USD, GMT 12:30) – The final release of the 2018Q4 GDP growth rate is expected to see the world largest economy’s economic activity to have grown by 2.4% compared with the preliminary reading of 2.6%.


* Tokyo CPI and Production Data (JPY, GMT 23:30) – Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have remained at 1.1% y/y in March, at the same level as in February. Industrial Production is expected to have improved, growing by 1.4% m/m in February, compared to -3.4% m/m in January, while Retail Sales are expected to have increased by 0.9% y/y in February, compared to 0.6% in January.


Monday – 29 March 2019
_________________________________________________________________________


* UK Final GDP (GBP, GMT 09:00) – UK economic activity is expected to have remained at its preliminary level of 1.3% y/y in 2018Q4.


* US Personal Spending (USD, GMT 12:30) – Personal Spending is expected to have grown by 0.3% m/m in January, compared to a 0.5% m/m reduction in the previous month.


* Chicago PMI (USD, GMT 13:45) – The Chicago PMI is expected to have declined to 61.8 compared to 64.7 last month, however still showcasing growth.


* UK Parliament Vote (GBP, Tentative) – The UK Parliament is expected to convene in order to vote for a revised Theresa May plan or in favour of a no-deal Brexit.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 26, 2019, 10:30:28 AM

Date : 26th March 2019.


MACRO EVENTS & NEWS OF 26th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-26_09-14-16-696x172.png)


FX News Today


* 10-year Treasury yields are up 2.8 bp at 2.427%, JGB yields climbed 1.8 bp to -0.076% amid a mixed session on Asian stock markets.


* Japanese markets in particular rebounded from yesterday’s sell off after sentiment started to stabilize during the US session yesterday and Wall Street closed little changed.


* The sharp drop in US bond yields last week and the shape of the yield curve revived fears of a global recession last week, but while yields remain at low levels for now at least the mood seems to be slowly lifting.


* Markets will continue to keep a very close eye on the spread between the 10-year Treasury yield and three months bills, which is judged to be a key recession indicator and inverted last Friday. This week’s US bond auctions will be closely watched.


* The UK Parliament takes control of the Brexit process after May’s defeat, with a new vote scheduled for tomorrow.


* Topix and Nikkei closed with gains of 2.57% and 2.15% respectively. The ASX gained 0.07%, while Hang Seng and Shanghai comp are down -0.15% and -1.35%.
US futures are higher as are the European ones. The front end WTI future meanwhile is trading at USD 59.21 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-26_09-12-44-696x300.png)


Technician’s Corner


* EURUSD has been trading around the 1.13 level, breaking below but not maintaining it yesterday. Immediate Resistance at 1.1338, at the 200HMA. Indicators are also not registering any up or down signals.


* GBPUSD continues to trade around the 1.32 level, in a tight channel between this and the 1.3223 200HMA level. The MACD does not show much action, while Stochastics issue bullish signs.


* USDJPY dropped below the 110.34 level, trading around the 110 level, which appears to hold despite some breakouts below it. Resistance remains at 110.34 and Support, after the 110 immediate level, lies at 109.80.


* XAUUSD broke below the 1320 level early today, with the MACD registering bullish signs as the Stochastics indicator is moving in the oversold region. Support and Resistance levels remain at 1313.8 and 1320 respectively.


Main Macro Events Today


* Housing Data (USD, GMT 12:30) – Housing starts and Building Permits are expected to have increased marginally in February, while the S&P House Price Index is expected to have continued its deceleration, growing by 3.9% in January, compared to 4.2% in December. As in previous occasions, housing market data usually have more impact on the stock market than on the currency.


* CB Consumer Confidence (USD, GMT 14:00) – The Conference Board Index is expected to have increased to 132.1, compared to 131.4 in the previous month.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-26_09-13-23.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 27, 2019, 10:17:55 AM

Date : 27th March 2019.


MACRO EVENTS & NEWS OF 27th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-27_08-54-06.png)


FX News Today


* Bund yields are coming down again and the 10-year Treasury rate is at 2.412%, down -1.1 bp on the day, underperforming versus bonds in Australia, New Zealand and China.


* The US 10-year rate remains below the 3-month rate, which continues to feed concerns about the growth outlook and the risk of recession, especially against the background of dovish shifts at major central banks, and is underpinning choppy trade in stocks.


* Japanese equities, which outperformed Tuesday, underperformed today and Topix and Nikkei lost -0.52% and -0.23% respectively.


* Chinese markets, meanwhile, outperformed after heading south yesterday, although mainland China indices are down from earlier highs. The Shanghai benchmark is still up 0.60%, the blue-chip CSI 300 1.00% higher on the day and the Hang Seng up 0.59%.


* US stock futures are also moving higher in tandem with European futures and the front end WTI future is at USD 60 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-27_08-54-48-696x299.png)


Technician’s Corner


* EURUSD broke through the 1.13 level yesterday, and is currently trading around its  1.1256 Support level. Immediate Resistance is at 1.13. Indicators are issuing positive signals.


* GBPUSD pushed down from the 1.32 level, trading around the 1.318 Support level, while the indicators suggest a slightly upwards tendency.


* USDJPY gained yesterday, breaking through the 110.34 Resistance level and is now trading between it and the 110.73 Resistance. Indicators are showing bearish signs.


* XAUUSD same as yesterday, Support and Resistance levels remain at 1313.8 and 1320 respectively, with Gold trading between those two bands.


* Biggest loser – NZDUSD: After the RBNZ’s comments that the next interest rate move is likely to be a reduction, the Kiwi lost 104 pips, pulling the AUD down along the way, albeit in a shorter movement. Resistance stands at 0.6807, while Support is at 0.6790.


Main Macro Events Today


* Draghi Speech (EUR, GMT 08:00) – The ECB President is due to speak at the “ECB and its Watchers” conference in Frankfurt, where many other ECB representatives are also expected to speak.


* US and Canada Trade Balance (USD / CAD, GMT 12:30) – Both trade deficits are expected to improve, with the US trade deficit expected to decrease to $57 billion from $59.8 billion last month. The Canadian trade deficit is expected to have declined to $3.5 billion from $4.6 billion in December.


* UK Brexit Vote (GBP, GMT 19:30) – Many options on the table for today’s vote, including a second referendum, customs union, revoking Article 50, and, of course, no-deal Brexit.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-27_08-55-58.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 28, 2019, 09:37:12 AM

Date : 28th March 2019.


MACRO EVENTS & NEWS OF 28th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-28_09-30-51.jpg)


FX News Today


* Slide in global bond yields continues.


* The flattening or outright inversion of yield curves meanwhile is fuelling recession fears and also turning into a self-sustained cycle.


* Bund yields drop below those of JGBs yesterday after ECB tiered depo story potentially pushing the timing of the first rate hike.


* US Equities dragged lower by deeper curve inversion, taken as global risk signal.


* WTI crude down 1% under $59.30 after mixed EIA – crude build, product draws.


* Brexit: May’s pledge to step down may not be enough to secure her deal.


* GBP steady as Brexit process reaches defining phase; no-deal exit now very unlikely.


* DUP still doesn’t back Withdrawal Agreement.


* MPs yesterday rejected a range of alternative options, but with the customs union proposal coming pretty close and losing by just 8 votes, so that seems to be the front runner in alternative scenarios to May’s deal.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-28_09-30-26.jpg)


Technician’s Corner


* EURUSD has formed a falling wedge since March 27. Indicators are issuing neutral to positive signals. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.1283 within the next 6 hours.


* GBPUSD rebounded from 1.3140 and is trading a breath below PP level at 1.3193. Support is set at 1.3118 as the indicators suggest a slightly downwards tendency.


* USDJPY bottomed at 110.05, with next Support at 109.70 level. Indicators are negatively configured suggesting further negative bias intraday.


Main Macro Events Today


* German CPI (EUR, N/A) – The German inflation rate is expected to have increased to 0.6%, compared to 0.4% in the previous month.


* US Final GDP (USD, GMT 12:30) – The final release of the 2018Q4 GDP growth rate is expected to see the world largest economy’s economic activity to have grown by 2.4% compared with the preliminary reading of 2.6%.


* Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have remained at 1.1% y/y in March, at the same level as in February. Industrial Production is expected to have improved, growing by 1.4% m/m in February, compared to -3.4% m/m in January, while Retail Sales are expected to have increased by 0.9% y/y in February, compared to 0.6% in January.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-28_09-34-01.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on March 29, 2019, 02:13:35 PM

Date : 29th March 2019.


MACRO EVENTS & NEWS OF 29th March 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-29_08-39-23-696x667.png)


FX News Today


* 10-year Treasury yields are up 0.5 bp at 2.400% and JGB rates lifted 0.6 bp to -0.100% amid a broad move higher in long yields across Asia.


* Hopes of progress in US-Sino trade talks helped to underpin confidence and stock market sentiment improved after Mnuchin said he had a “productive working dinner” in Beijing yesterday with the US Treasury Secretary and US Trade Representative in China to resume trade talks.


* Chinese markets in particular benefited and CSI 300 and Shanghai Comp are up 3.49% and 2.85% respectively. The Hang Seng has risen 0.97% so far, while Topix and Nikkei closed with gains of 0.56% and 0.82% respectively and the ASX lifted 0.08%. US futures are also broadly higher and the front end WTI future is trading at USD 59.54 per barrel.


* The Brexit Vote today, which only includes the Withdrawal Agreement and not the Political declaration, will likely fail, again. The day is largely symbolic as today was supposed to be Brexit Day.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-29_08-40-13-696x300.png)


Technician’s Corner


* EURUSD continued its downwards trend, breaking through the 1.1256 Support level. However, it appears to have reached the end of the hill as both the MACD and Stochastics point to the upside.


* GBPUSD keeps declining as fears of no-deal Brexit continue, currently fluctuating around the 1.30 Support. Indicators are registering mixed signals as the MACD is positive and the Stochastics are negative, while the short MA crossed the long MA a couple of hours ago.


* USDJPY gained some despite mixed Japanese data, as the country appears to have been able to maintain its inflation at stable levels. The pair broke through the 110.73 level and is currently trading just below the 200HMA at 110.62. Both MACD and Stochastics are pointing downwards.


* XAUUSD remained flat below the $1300 mark after the drop from the 1311 level yesterday. No particular movements observed from the indicators.


Main Macro Events Today


* UK GDP (GBP, GMT 09:30) – 2018Q4 GDP is expected not to have seen any material changes from its preliminary estimate and remain at 1.3% y/y.


* PCE and PCE Inflation (USD, GMT 12:30) – Personal spending is expected to have increased by 0.3% in January, compared to a reduction of 0.5% last month. PCE inflation is expected to have remained at 1.9%, the same as in December.


* Canada GDP (CAD, GMT 12:30) – Canadian GDP is expected to have registered no m/m growth in January, compared to a 0.1% contraction in December.


* UK Parliament Brexit Vote (GBP/EUR, GMT 13:30) – The final call for Brexit, with MPs having to vote on a deal that is essentially the same as before albeit not defining the UK’s future relationship with the EU.


* Chicago PMI (USD, GMT 13:45) – The Chicago PMI is expected to register signs of weakness in March, reducing to 61.0 from 64.7.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/03/2019-03-29_08-37-11.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 01, 2019, 10:16:17 AM

Date : 01st April 2019.


MACRO EVENTS & NEWS OF 01st April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-01_09-18-40-696x536.jpg)


FX News Today


* Bond yields continue to recover from recent lows.


* Stock markets started the second quarter with renewed optimism.


* USA500 still posted the best quarter in a decade.


* Signs of progress in U.S.-Sino trade talks helped to underpin sentiment and saw mainland China bourses outperforming amid a general move higher in Asian stock markets. Both sides said there was progress in talks.


* An unexpected jump in China’s Caixin manufacturing PMI to 50.8 revived hopes that government measures to boost the economy.


* The front end WTI future is trading at USD 60.58 per barrel, amid sanctions, production cuts.


* USDJPY edged 8-day high at 111.17.


* EURUSD rebounded to 1.1240 overnight after printing 3-week low of 1.1207.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-01_09-18-24.jpg)


Technician’s Corner


* EURUSD rebounded, breaking through the 1.1240 R1 level. However, it appears to have reached the end of the hill for today as it is currently looking southwards with RSI sloping lower as well.


* GBPUSD keeps inclining so far today, but remains close to Pivot at 1.3048 as fears of no-deal Brexit continue.


* USDJPY printed an 11-day high at 111.18, as the safe haven premium of the Japanese currency unwind. USDJPY has support at 110.50-53, levels which encompasses the prevailing situation of the 100-day moving average.


* NZDUSD –  top gainer so far along with Aussie – jumped at 0.6836, from Thursday’sFriday’s tweezer bottom. A confirmation of this formation and a move above the 20-day SMM at 0.6840, could turn the attention to last week’s highs around at 0.6900.


Main Macro Events Today


* Caixin Manufacturing PMI (CNY, GMT 01:45) – The Caixin manufacturing PMI is expected to remain unchanged at 49.5 in March.


* Consumer Price Index (EUR, GMT 09:00) – Prices are expected to be confirmed at 1.5%y/y in March, with core inflation holding at 1%.


* Retail Sales (USD, GMT 12:30) – February’s Retail Sales are expected to have grown by 0.3% m/m, from the 0.2% rise in January.


* ISM Manufacturing PMI (USD, GMT 14:00) – The US ISM Manufacturing PMI is expected to come out at 54.5 in March, compared to the 2-year low of 54.2 in February.
BREXIT Vote on alternative plans


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-01_09-37-51.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 02, 2019, 01:50:48 PM

Date : 2nd April 2019.


MACRO EVENTS & NEWS OF 2nd April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-02_09-01-59-696x300.jpg)


FX News Today


* Wall Street was higher overnight, followed by the better than expected US manufacturing ISM and construction spending reports (they offset disappointing retail sales).


* JGB yields still moved higher, in tandem with most Asian stock markets, but the buoyant mood in equities that dominated yesterday’s session turned a bit more muted, as the focus turned from revived hopes on a US-Sino trade deal and a recovery in the manufacturing sector to Brexit risks.


* RBA left monetary policy on hold amid increased downside risks, but seems to be awaiting the fiscal injection that is expected to be unveiled today.


* UK Parliament rejected all options on Brexit compromise, customs union close miss.


* GBP was under pressure due to revived concerns of a no-deal scenario.


* WTI crude rallied 2% to a fresh 5-mth high near $61.82, on supply side tightness.


* USDJPY lifted to 11-day highs amid risk-on; EURUSD hit 3-week low near 1.12.


* GOLD holds the key 1285 level – at 1287.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-02_09-19-08.jpg)


Technician’s Corner


* GBPUSD is under pressure once again, trading southwards below its Pivot for the 10th consecutive hourly session. A breach and break of S1 at 1.3025 could suggest the retest of 26-day Support at 1.2970.


* USDJPY printed an 11-day high at 111.45, as the safe haven premium of the Japanese currency unwinds. USDJPY has support at 111.20.


* NZDUSD holds at 3-week lows. Support holds at 0.6770. The next support on the break of the latter is at 0.6750. If the asset rebounds however, Resistance has been set at 0.6800. Overall outlook remains negative due to the descending triangle formation and the decreasing momentum indicators in the daily chart.


* BTCUSD – biggest mover – Spiked to 5013 from 4216. However, intraday the asset looks overbought, with RSI at 81, and a doji closing the past hour.


Main Macro Events Today


* UK Markit Construction PMI (GBP, GMT 08:30) – The Construction PMI is expected to improve to a 50.0 reading after dropping sharply in February to 49.5, which was the lowest reading since July 2016 (the month after the vote to leave the EU).


* Durable Goods (USD, GMT 12:30) – February Durable Goods orders are expected to decline to 1.2%, following a 0.3% January gain.


* Nondefense Capital Goods Orders ex Aircraft (USD, GMT 12:30)


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-01_09-37-51.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 03, 2019, 10:07:21 AM

Date : 3rd April 2019.


MACRO EVENTS & NEWS OF 3rd April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-03_08-55-03-1-696x393.jpg)


FX News Today


* Stock markets continued to recover during the Asian session, with concerns that the world economy is sliding into recession calmed by better data out of China and trade talk hopes.


* Sentiment was underpinned by a stronger than expected services PMI out of China. Further sign that economic growth is coming back.


* US as well as European equity futures are also moving higher.


* Brexit: UK PM May would sit down with Opposition leader Corbyn to try and break the deadlock. Meanwhile, new referendum in the UK on EU membership and a customs union now are both looking increasingly likely.


* A compromise needs to be found before the EU emergency summit on April 10 to secure another extension until May 22.


* GBP cleared $1.3100 after PM May talked up another deal, despite Commons failure.


* WTI crude surged over clear $62.87; Gold capped near $1,291 by USD index 1-month high.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-03_08-53-22.jpg)


Technician’s Corner


* GBPUSD jumped in London open, above latest peak at 1.3150. Next Resistance levels are set at 1.3178 and 1.3230. Support holds at 200-period SMA at 1.3120, for 12 consecutive hourly sessions.


* EURUSD holds Support at 1.1216, which was the initial resistance. With momentum indicators though looking to turn southwards a break of this level could shift the asset back to PP level at 1.1200.


* USDJPY probed 111.45 highs amid risk-on, by breaking 2-day peak and R1 for the day. Currently it is retesting the 111.56, which is a breath above the upper BB level and coincides with FE161.80 extension (from March rebound) and the latest up fractal. This could be a retracement level for the asset.


* AUDUSD hit 50-day SMA at 0.7117. this area could provide some resistance to the asset, as the asset lacks of positive momentum based on the daily indicators. Abreak however of the latter but more precisely of yesterday’s high at 0.7128, might push Aussie to the next barrier at 0.7160.


Main Macro Events Today


* Retail Sales and Services (EUR, GMT 08:00-09:00) – Eurozone March Services reading expected to be confirmed at 51.3, while Retails sales could spike to 2.3% y/y in February.


* ADP Non-Farm Employment Change (USD, GMT 12:15) – The ADP Employment survey is seen at 165k for March compared to the 183K in February.


* ISM Non-Manufacturing PMI (USD, GMT 14:00) – The ISM non-Manufacturing PMI in the US is expected to slip to 58.7 in March, compared to 59.7 in February, supporting the strong economic climate despite the small decrease in its value.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-01_09-37-51.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 04, 2019, 09:25:01 AM

Date : 4th April 2019.


MACRO EVENTS & NEWS OF 4th April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-04_08-50-03-696x250.png)


FX News Today


* 10-year Treasury yields are down -1.1 bp at 2.513% and JGB yields fell back -0.5 bp to -0.060%, as the stock rally stalled during the Asian session and the USD consolidated overnight.


* Big misses for ADP Jobs (50k) and ISM Non-Manufacturing PMI (19-month low) pressed a pause on Equity rally.


* Parliament passed (by 1 vote) a bill to ask to extend Brexit Day beyond April 12, but it remains unclear whether there is time to get it through by May 22. A longer extension looks most likely while the odds of a full 2nd Referendum odds are also increased.


* Asian markets are mostly trading narrowly mixed, with traders waiting for another catalyst such as tangible progress on the US-Sino trade talks before pushing equity markets out further following the recent rally.


* Topix and Nikkei are down -0.11% and unchanged on the day respectively. The Hang Seng dropped -0.42%, while CSI 400 and Shanghai Comp are up 0.80%, with hopes of government stimulus after the government said it plans to cut some airline fees adding support. The ASX meanwhile lost -0.83%.


* Oil futures are trading at USD 62.37 per barrel.


* German Factory Orders just in and is a big miss it is (-4.2% vs expectations of +0.3%), putting the German Industry in recession territory.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-04_08-56-40-696x300.png)


Technician’s Corner


* GBPUSD reacted positively after the UK Parliament asked the government to ask for another extension of the Brexit deadline. Resistance level remains at 1.3184, with a strong one at 1.32, while Support is bounded by the 200HMA at 1.3137.


* EURUSD is trading close to but below its 200HMA at 1.1248, affected by the weaker than expected US data, with indicators not showing a clear direction.


* USDJPY paused its rise after the worsening in US data releases, stabilizing around the 111.40 level. Both the MACD and the Stochastics indicators are suggesting a downturn. Support and Resistance remain at 110.73 and 111.68, although the former could change as the 200HMA could be binding.


* XAUUSD continues trading below 1300, fluctuating around the 1290 mark. Next Resistance point is at 1294.50 with indicators suggesting a mild upwards movement.


Main Macro Events Today


* ECB Monetary Policy Meeting Accounts (EUR, GMT 11:30) – The ECB Accounts, similar to the FOMC Minutes, provide an insight with regards to the policymakers’ thinking about the European economy’s potential.


* Jobless Claims (USD, GMT 12:30) – Continuing Jobless Claims are expected to have decreased over the last week of March, while Initial Jobless Claims are forecast to have increased.


* Canada PMI (CAD, GMT 14:00) – The Canadian PMI is expected to have risen to 51.1 in March, compared to 50.6 in February.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-04_08-51-39.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 05, 2019, 11:00:30 AM

Date : 5th April 2019.


MACRO EVENTS & NEWS OF 5th April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-05_09-08-52-696x348.png)


FX News Today


* 10-year Treasury yields are up 1.3 bp at 2.528%, JGB yields down -0.7 bp at -0.0585 amid subdued trade on Asian stock markets.


* China was closed for a holiday and elsewhere markets traded mixed, with Topix and Nikkei managing gains of 0.23% and 0.28% respectively, while the ASX closed with a loss of 0.83%, although the latter was an exception, with most markets managing slight gains.


* There were some optimistic comments on the progress of the US-Sino trade deal from China,  with Trump tweeting that he expects a deal “within 4 weeks” but after the recent run higher in equities traders will want to see more than words before pushing valuations higher.


* Markets will also be holding back ahead of key US payroll data today amid lingering concerns about the outlook for world growth. US futures are posting slight gains ahead of the key release, with the Dow Jones mini up 0.133%.


* GBP picked up (back over 1.3100) on a Brexit “Flexi-Extension” offer from the EU which suggests an extension of up to 12 months, but Britain could leave at any time if they signed an agreement.


* The front end WTI future meanwhile is trading at USD 62.16 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-05_09-06-39-696x299.png)


Technician’s Corner


* GBPUSD reacted positively to “Flexi-Brexit”, showing upwards potential with Resistance at the 200HMA at 1.3126, and a stronger one at 1.3184, while Support stands at 1.3067.


* EURUSD moved up and down yesterday, with MAs showing an upwards movement with Resistance at its 200HMA at 1.1238, with both the MACD and Stochastics showing upwards signs.


* USDJPY continued its rise, breaking through the 110.68 level and trading around that level as of this morning. Both the MACD and the Stochastics indicators are suggesting a downturn. Support and Resistance remain at 110.95 and 111.80.


* XAUUSD has been trading in the 1285-1294 band, with indicators giving out mixed signals. Support and Resistance are marked as the channel bounds.


Main Macro Events Today


* NonFarm Payrolls, Earnings, Unemployment (USD, GMT 12:30) – The most important piece of news this week, NFPs are expected to have grown by 180K, compared to 20K in the previous month, while earnings and unemployment are expected to have remained at the same levels.


* Canada Labour Market Data (CAD, GMT 12:30) – Canadian Participation Rate is expected to have declined to 65.7% compared to 65.8% last month, while the net change in employment is expected to have been just 1K compared to 55.9K last month. Unemployment is not expected to have changed.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-05_09-08-01.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 08, 2019, 09:35:43 AM
Date : 8th April 2019.

MACRO EVENTS & NEWS OF 8th April 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-08_09-19-29-696x350.png)

FX News Today

* 10-year Treasury yields are down -1.1 bp at 2.485% and 10-year JGB yields fell back -2.9 bp to -0.069%.

* Stock markets failed to get lasting support from China stimulus hopes and the rebound in US payrolls on Friday. Indices climbed initially after a document published on the central government website yesterday suggested Beijing would step up the policy of targeted cuts to banks’ reserve ratios in a bid to encourage lending to small and medium sized companies.

* However, while the ASX still managed to close 0.54% higher, Chinese bourses erased earlier gains and Hang Seng and Shanghai Comp are down -0.03% and -0.87% respectively, while the CSI 300 blue chip index is down -0.75%. Topix and Nikkei also struggled and lost -0.42% and -0.25%.

* Earnings reports are coming into focus and investors are positioning for lacklustre results.

* US futures are also heading south, which suggests a correction from the six month high seen last week after the employment report. President Trump pressured the Fed to do more to sustain growth, while official comments from both sides suggest progress in trade talks.

* Oil prices are higher and the front end WTI future trading at USD 63.33 per barrel, amid concerns that fighting in Libya could lead to supply outages.

Charts of the Day

(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-08_09-00-52-696x299.png)

Technician’s Corner

* EURUSD moved in a downwards channel on Friday and early today, and has bounced off its 200HMA at 1.1230, although trading around it in the past couple of hours. Support still remains at 1.1213, while Resistance, after the 200HMA stands at 1.1233. Indicators are showing mixed signals.

* GBPUSD gained some on the last trading hours, bouncing off the 1.3067 Resistance, although the overall trend is still down. Support remains at 1.3027. The MACD is registering positive signs as the Stochastics are showing negative.

* USDJPY made a significant downwards move as the Japanese trade balance showed a surplus, compared to expectations of a deficit. After breaking through the 111.68 Support, the pair bounced off 111.34, as indicators are showing positive signs.

* XAUUSD broke clear of the 1294.5 Resistance level, and is currently trading just above its 200HMA, at 1296. Next Resistance level is 1300.

Main Macro Events Today

* Factory Orders (USD, GMT 14:00) – February orders are expected to have declined by 0.6% m/m, compared to a 0.1% increase in January.

Support and Resistance Levels

(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-08_09-18-55.png)

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 09, 2019, 09:23:52 AM

Date : 9th April 2019.


MACRO EVENTS & NEWS OF 9th April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-09_08-56-03-696x274.png)


FX News Today


* 10-year Treasury yields are down -0.4 bp at 2.519% and JGB rates up 0.2 bp at -0.052%, as Asian stock markets traded narrowly mixed, with threats of new tariffs on European goods from President Trump adding to the cautious tone in the markets.


* Topix and Nikkei are down -0.26% and 0.06% respectively, the Hang Seng is up 0.22% and CSI 300 and Shanghai Comp up 0.11% and down -0.27% respectively, while the ASX closed down -0.01%, despite better than expected loans data.


* US futures are also posting slight losses and overall it seems investors are in a holding position ahead of the earnings season and with no firm agreement on US-Sino trade talks yet.


* Trump’s renewed threat of tariffs on European goods meanwhile acts as a reminder that geopolitical trade tensions are far from resolved.


* Oil prices meanwhile continue to hold above USD 64 per barrel amid fighting in Libya.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-09_08-57-49-696x301.png)


Technician’s Corner


* EURUSD stabilized around the 1.125 level, unable to break past the 1.1276 level. Support stands at 1.1256, with indicators showing mixed signs.


* GBPUSD broke through the 1.3067 level and is currently bound by the 200HMA at 1.3090, after positive news regarding a meeting between May, Merkel, and Macron. Support remains at 1.3067.


* USDJPY continues its downwards move towards the 111.22 level capped by the 200HMA, as soft Resistance is at 111.50. Indicators are suggesting a pause of the movement.


* XAUUSD is trading between the 1295-1300 marks, above its 200HMA and with indicators showing a slight downwards movement.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-08_09-18-55.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 10, 2019, 09:27:59 AM
Date : 10th April 2019.

MACRO EVENTS & NEWS OF 10th April 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-10_08-58-15.png)

FX News Today

* 10-year Treasury yields are down -1.4 bp at 2.486% as JGB yields fell back -0.4 bp to -0.063%.


* The IMF’s growth downgrade has rekindled concerns about the outlook for the world economy and the US threat of new tariffs on imports from Europe has reminded markets that geopolitical trade tensions are far from resolved and put a stop to the rally in recovery in stock markets seen over the past week.

* China’s bond yield rose to the highest this year as risk aversion flared up and the focus increasingly turns to China’s still large number of non-performing loans.

* Markets are also looking to Europe today, where the EU has to make a decision on yet another Brexit extension. The IMF named Brexit as one of the risks to world growth.

* Wall Street closed in the red and Asian markets also headed south, with Topix and Nikkei down -0.73% and -0.66%. The Hang Seng lost -0.34% so far and CSI 300 and Shanghai Comp are down -0.10% and -0.14%.


* US stock futures, however, are posting marginal gains, after yesterday’s correction on Wall Street.


* The front end WTI future meanwhile continues to hold above USD 64 per barrel.

Charts of the Day

(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-10_09-03-39-696x300.png)

Technician’s Corner

* EURUSD started moving upwards on early Wednesday, following the Brexit positive news, with both Stochastics and the MACD showing support for this movement.

* GBPUSD has been fluctuating in the 1.3026-1.3067 range for the past hours, also bounded by the 200HMA at 1.3082. Stochastics and the MACD support an upwards movement.

* USDJPY broke through the 200HMA, now at 111.31 early yesterday, but has been moving in a slight upwards trend after the worse than expected machinery orders for February. Indicators support the movement.

* XAUUSD broke through the 1300 mark but is still bounded by the 1304 Resistance, with indicators appearing indecisive regarding the future trend in the pair.


Main Macro Events Today

* UK Manufacturing and Industrial Production and GDP (GBP, GMT 08:30) – Manufacturing production is expected to have declined by 0.7% y/y on February, compared to -1.1% in January. Industrial Production is expected to have eased to 0.1% m/m compared to 0.6% m/m last month, while UK GDP for February is forecast to register zero growth m/m, down from 0.5% m/m in January.

* ECB Interest Rate Decision (EUR, GMT 11:45) – No changes are expected in the ECB policy rate, even though some policy guidance should be offered, especially with regards to future rate hikes.

* US CPI Inflation (USD, GMT 12:30) – Core CPI is expected to have remained at 2.1% y/y, close to the Fed’s 2% target. The overall index is forecast to rise to 1.8% compared to 1.5% in March.

* European Council Summit on Brexit (EUR-GBP, GMT 16:00) – The future of Brexit is expected to be discussed in the summit, with the EU said to offer a “flextension” until either December 2019 or March 2020, even providing the UK with the opportunity to withdraw its application for leaving the EU.

Support and Resistance Levels

(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-10_09-01-52.png)

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: kventin.upgrade on April 10, 2019, 07:34:05 PM
Tell me, do you trade yourself and what are the general statistics on your deals?
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 11, 2019, 10:17:03 AM

Date : 11th April 2019.


MACRO EVENTS & NEWS OF 11th April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-11_09-09-37.png)


FX News Today


* Treasury yields stabilised after falling yesterday in the wake of softer core CPI readings, while the US 10-year rate is up 0.5 bp at 2.470%.


* 10-year JGB yields fell back -0.2 bp to -0.068% in catch up trade and as stock market sentiment remains muted.


* Indices traded mixed with Chinese markets underperforming.


* Dovish leaning central banks revived growth concerns and geopolitical trade tensions also continue to hang over markets, with no tangible sign of a US-Sino trade deal.


* The Brexit question was kicked down the line to October 31, but without a clear solution in sight.


* Topix and Nikkei are down 0.4 bp and up 0.08% respectively, while Hang Seng and Shanghai Comp lost -0.88% and -1.31%. The CSI 300 blue chip index is down -1.99% and the ASX closed with a loss of -0.36%.


* US futures are also marginally in the red, while the front end WTI future is trading at USD 64.25 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-11_09-07-52-696x300.png)


Technician’s Corner


* EURUSD broke through the 1.1276 level in the last few hours, with soft Resistance at 1.1286 and strong resistance at 1.13. Stochastics and the MACD show mixed signals.


* GBPUSD gained as news of the decision to delay Brexit was announced, even though whether it can persist above the 200HMA level of around 1.3086 is still unclear. Indicators show an easing of the trend.


* USDJPY continues to trade below the 200HMA, now at 111.11 with both the Stochastics and the MACD showing support for an upwards trend.


* XAUUSD broke 1304 after breaking the 1300 mark yesterday, currently trading between the 1309 and 1304 levels. Indicators again appear indecisive regarding the future trend of the pair.


Main Macro Events Today


* US PPI ex Food & Energy (USD, GMT 11:30) – The US PPI is expected to have grown by 2.4% in March, compared to 2.5% last month, similar to the core CPI results yesterday.


* Jobless Claims (USD, GMT 11:30) – Initial Jobless Claims are expected to have increased to 211K, compared to 202K in the last week of March, while Continuing Jobless Claims are forecast to reach 1.738M against 1.717M last week.


* Fedspeak: Clarida, Williams, Bullard, and Bowman (USD, Various) – All 4 FOMC Members are due to speak on monetary policy issues, a topic which is likely to affect markets, depending on the context.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-11_09-08-58.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 12, 2019, 08:38:22 AM
Date : 12th April 2019.

MACRO EVENTS & NEWS OF 12th April 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-12_08-53-33-696x277.png)

FX News Today

* 10-year Treasury yields are unchanged at 2.497% and JGB yields up 0.6 bp at -0.059%, in catch up trade, after perky US PPI readings put pressure on bonds yesterday, even if they are not expected to alter the Fed’s patient policy setting for now.

* Chinese bonds continue to underperform amid warnings on the still large number of non-performing loans that could threaten some banks and force the government to step in.

* Stock markets traded mixed, again with China underperforming, as markets await key trade numbers. Topix and Nikkei are down -0.10% and up 0.67% respectively.

* The Hang Seng lost -0.27% so far and CSI 300 and Shanghai Comp are down -0.49% and -0.26% respectively.

* Reports of impending cost cuts at Australia’s largest bank meanwhile helped the ASX to close with a gain of 0.76%.

* US futures are posting slight gains ahead of key earnings reports from JPMorgan Chase and Wells Fargo. The front end WTI future is trading at USD 63.83 per barrel.

Charts of the Day

(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-12_08-57-01-696x300.png)

Technician’s Corner

* EURUSD keeps trading above the 1.1276 level in the last few hours, after trading below that point through the night. A strong Resistance point remains at 1.13. Stochastics and the MACD show signals of a downwards move.

* GBPUSD keeps trading around the 1.30 mark, crossing its 20HMA early today, but with indicators showing mixed signals.

* USDJPY continues to increase and broke through the 111.68 level, and coming near the 111.80 Resistance. Stochastics and the MACD show an easing of the upwards movement.

* XAUUSD had a bad day yesterday, breaking through four Support levels and ending below 1294. Since then, it has been registering a slow upwards trend, something more evident in the Stochastics than the MACD indicator.

Main Macro Events Today

* China Imports and Exports (CNH, AUD, N/A) – Even though no exact time has been specified, China’s trade performance is expected to have a strong effect on its currency and the Aussie. Exports are expected to have increased, after a sharp decrease last month, while imports are still expected to have shown negative growth.

* Industrial Production (EUR, GMT 09:00) – Industrial Production is expected to have decreased by 0.6%, compared to growth of 1.4% in January.

* Michigan Consumer Sentiment Index (USD, 14:00) – US Sentiment is expected to decline to 98.0 in April, compared to 98.4 in March.

Support and Resistance Levels

(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-12_08-52-58.png)

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 15, 2019, 10:08:58 AM
Date : 15th April 2019.

MACRO EVENTS & NEWS OF 15th April 2019.


(https://analysis.hotforex.com/wp-content/uploads/2018/12/london_1200x628-696x364.png)

FX News Today

* The broad rise in Asian long yields holds as local stock markets rallied in catch up trade after a strong close on Wall Street.

* Trade talk hopes, signs of improving growth and low inflation, coupled with positive earnings reports continued to underpin stock market sentiment. Mnuchin suggested over the weekend that US-Sino talks are nearing the final round and that the final agreement would go “way beyond” previous efforts to open China’s markets to US companies.

* US futures are narrowly mixed while European stock markets are underpinned.

* Japanese markets are closing for 10 consecutive days from April 27 to May 6, inclusive.

* After the strong first quarter earnings report from JPMorgan on Friday the focus is now turning to Goldman Sachs, Citigroup and Bank of America.

* The front end WTI future is trading at $63.53 per barrel.

* USD and JPY lower vs most currencies, risk appetite up on strong China import data.

* GBP steady after EU Brexit extension; risk is it won’t resolve UK political gridlock.

Charts of the Day

(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-15_09-51-04.jpg)

Technician’s Corner

* EURUSD keeps trading close to 3-week highs of 1.1323. Stochastics, RSI and the MACD show signals of further improvement intraday. Next Resistance point holds at 1.1330.

* GBPUSD pulled back under 1.3100 after leaving a high at 1.3120. It is supported from the confluence of 200-period EMA and PP level the past 7 consecutive hours, at 1.3084. Next Support is set at 1.3065.

* USDJPY settled at around PP level at 111.90 . However after Friday’s high the positive sentiment is decreasing with intraday RSI and MACD turning lower as the overall outlook remains positive. The upside Resistance level is set at 112.19, while Support now comes in at 111.68.

Main Macro Events Today

* FOMC Member Evans Speaks – Federal Reserve Bank of Chicago President Charles Evans is due to speak in a television appearance on CNBC’s Squawk Box.

* BOC Business Outlook Survey – The BoC’s outlook survey is expected to show an economy still moving along at a decent pace, but facing a number of challenges. This is a key report for the upcoming BoC announcement and MPR, as the Bank makes frequent references to the findings of the survey. A survey consistent with modest but still respectable growth, well contained inflation expectations and an unwinding in capacity pressures would line-up with our expectation for no change in rates later this month and through year-end.

* Empire State index – It is estimated to jump to 9.0 in April from a 2-year low of 3.7 in March.
Support and Resistance Levels

(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-15_09-50-02.jpg)

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 16, 2019, 09:44:41 AM

Date : 16th April 2019.


MACRO EVENTS & NEWS OF 16th April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-16_09-01-03.jpg)


FX News Today


* A mixed picture on Asian bond markets as Stock markets were mostly higher, while Japanese indices fell back from early lows and Chinese indices rallied in the second part of the session.


* A lacklustre Bank earnings report yesterday saw some investors turning cautious again and in Asia many will be waiting for Chinese GDP numbers tomorrow.


* US futures are moving higher, with the Dow Jones future up 0.239%.


* The front end WTI future is trading at USD 63.27 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-16_09-15-18.jpg)


Technician’s Corner


* EURUSD settled to narrow orbit of 1.1300, consolidating with MACD, and RSI been flattened in the neutral zone confirming the lack of direction. Resistance is set at PP level at 1.1306 and Support is at the latest low 1.1292.


* USDCAD edged higher at 1.3395, holding inside recent ranges, as crude oil slumped $0.50. As it is set for a 2nd trading day above 20-day MA with upper Bollinger bands extending to the upside, a retest of the next Resistance levels at 1.3405 and 1.3440 could be seen.


* USDJPY  found support again under the 112.00 mark, after topping at 112.03 overnight. A move over the March 5 high of 112.13 could take the pairing to near 4-month highs. Support now comes in at 111.79.


Main Macro Events Today


* Earnings and Unemployment Rate – Average Earnings are expected to have remained at 3.4% while the unemployment rate is expected to have increased to 4%.


* German ZEW – The ZEW investor sentiment is expected to lift out of negative territory in the April reading and rise to 0.5 from -3.6 in March, which would be a continuation of the improvements in recent months and suggests that pessimists no longer outnumber optimists.


* US Industrial Production – March industrial production is projected to rise 0.2%, after a flat February reading, and capacity utilization should edge up to 79.2% from 79.1%.


* NZ CPI Inflation – New Zealand’s inflation rate is expected to have declined to 1.8% y/y compared to 1.9% y/y in the final quarter of 2018.


* Trade Balance – The Japanese trade balance is expected to turn out positive in March, standing at 310 billion Yen, compared to 335 billion Yen in February.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-16_09-34-04.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 17, 2019, 09:33:15 AM

Date : 17th April 2019.


MACRO EVENTS & NEWS OF 17th April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-17_09-27-45.png)


FX News Today


* 10-year Treasury yields are up 0.7 bp at 2.598% and JGB yields climbed 1.8 bp to -0.015%, as stock market sentiment got a boost from Chinese data releases that beat expectations.


* Chinese GDP growth came in at 6.4% y/y, in the first quarter, unchanged from Q4, while production surged 8.5% y/y and retail sales 8.7% y/y.


* Data were taken as a sign that the government’s stimulus measures are starting to take effect. While it may be too early to call the all clear on the world economy, together with signs that US-Sino trade talks are making progress,
* the data will go some way to bolster confidence, especially after positive surprises on credit and housing data last week.
The data underpinned Asian stock markets, as Topix and Nikkei posted gains of 0.29% and 0.27% respectively. The Hang Seng is up 0.01% and CSI 400 and Shanghai Comp gained 0.11% and 0.34%.


* Broader Asian indices are at the highest level since last July, even as the ASX underperformed and closed with a loss of -0.35%, dragged down by the materials sector.


* US futures are also posting broad gains and the front end WTI future has moved up to now USD 64.50 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-17_08-58-09-696x299.png)


Technician’s Corner


* EURUSD moved past 1.13 early today and has been moving towards the 1.1315 Resistance level. Key Resistance remains at 1.1320 while the Support at 1.1279 is still strong after being hit twice yesterday. Indicators support an upwards move.


* GBPUSD has been moving downwards but is so far unable to break through the psychological 1.30 level, fluctuating around the 1.3067-1.3026 levels. Indicators are giving mixed signals.


* USDJPY found support again under the 112.00 mark, and continued to trade there yesterday, with the Japanese data releases causing only some volatility. Indicators are showing mixed signals.


* XAUUSD is trading at lows, after breaking through the 1285 Support level. Gold appears unable to break through the 1275 level, with the MACD and Stochastics showing upwards signals.


Main Macro Events Today


* UK RPI and CPI inflation (GBP, GMT 08:30) – Both the RPI and the CPI are expected to have declined in March, reaching 2.1% and 1.6% respectively, down from 2.5% and 1.9% respectively.


* EU CPI inflation (EUR, GMT 09:00) – Both the core and the overall CPI inflation rates are expected to have remained at the same levels, at 0.8% and 1.4% respectively.


* Canada CPI Inflation (CAD, GMT 12:30) – The BoC Core price index is expected to have remained at 1.3% y/y, while the overall CPI index is forecast to rise to 1.9% y/y in March compared to 1.5% in February.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-16_09-34-04.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 18, 2019, 09:33:49 AM

Date : 18th April 2019.


MACRO EVENTS & NEWS OF 18th April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-18_09-16-57.png)


FX News Today


*  10-year Treasury yields corrected -2.7 bp to 2.567% and JGB yields are down -1.4 bp at -0.0033%.


*  Asian bonds were generally supported, as stock markets sentiment turned sour again, with South Korean paper underperforming after the BoK left interest rates unchanged, but cut its growth and inflation forecast to 2.5% and 1.1% respectively.


*  Record household debt was one of the factors holding the BoK back from cutting rates for now, and South Korea’s 10-year yield jumped 5.9 bp as the bank tried to calm recession fears.


*  Stock markets generally corrected from the six months high seen yesterday with uninspiring corporate earnings and problems with a new Samsung phone preventing further gains for now.


*  Topix and Nikkei lost -0.96% and -0.80% respectively, after Wall Street closed with slight losses.


*  The Hang Seng is down -0.58%, CSI 300 and Shanghai Comp down -0.44% and -0.39% respectively. The ASX dropped -0.10% and US stock futures are also broadly lower, suggesting ongoing pressure on markets.


*  The front end WTI future meanwhile is trading at USD 63.77 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-18_09-15-07-696x299.png)


Technician’s Corner


* EURUSD is still trading around the 1.13 level, and in a channel with key Resistance at 1.1320 and Support at 1.1279. Both are still strong after having bounced yesterday. Indicators are issuing mixed signals.


* GBPUSD has been stable around the 1.30 level, still unable to break through, fluctuating between the 1.3067-1.3026 Resistance and Support levels. Indicators are giving positive signals.


* USDJPY started the day below 112.00 mark, as indicators are suggesting a downwards movement. Support remains at 111.80.


* XAUUSD is trading at year-to-date lows, after breaking through the 1275 Support level. 1270 is the next Support level, with indicators are showing signs of stabilization.


Main Macro Events Today


* EU PMIs (EUR, GMT 08:00) – Manufacturing and Composite PMIs are expected to increase in April, to 47.9 and 51.8 respectively while the Services PMI is forecasted to have remained at 53.3.


* Retail Sales ex Fuel (GBP, GMT 08:30) – UK Retail Sales ex Fuel are expected to have increased to 4% y/y, compared to 3.8% y/y in March.


* Retail Sales ex Autos (USD, GMT 12:30) – Retail Sales are expected to have increased to 0.4% in March, up from the negative 0.2% surprise in February.


* Retail Sales (CAD, GMT 12:30) – Retail Sales are forecasted to have registered an increase in Canada as well, to 0.2% compared to 0.1% in January.


* Philly Fed Index (USD, GMT 12:30) – Philly Fed index is expected to have eased to 10.3 compared to 13.7 in March.


* Markit PMIs (USD, GMT 13:45) – Mixed signals are expected from the PMI release, as Manufacturing is expected to have increased to 52.8 from 52.4, while the Services PMI is expected to have declined to 55 from 55.3.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-18_09-33-48.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Dr Nektarios Michail
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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 19, 2019, 10:49:05 AM

Date : 19th April 2019.


MACRO EVENTS & NEWS OF 19th April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-19_09-07-20-696x128.jpg)


FX News Today


* Wall Street was higher overnight, with the Dow up 0.4% and outperforming on the back of strong retail sales data and better earnings from Travelers and American Express.


* Core European bourses were mixed, with the DAX up nearly 0.6%, the CAC 40 up 0.3%, and the FTSE slightly underwater.


* Japan released its March national CPI, which as expected remained well below the 2% BoJ’s target. The overall rose to 0.5% y/y from 0.2%, and the core is at 0.8% from the 0.7% y/y.


* The Japanese inflation supports once again the BoJ’s large-scale easy monetary policy.


* The US, Canada, the UK and several other European and Asian markets are closed for Good Friday, with Europe remaining shut for Easter Monday. Only Japan is open from the Asia trading centres.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-19_09-19-49.jpg)


Technician’s Corner


* EURUSD is still trading below the 1.13 level, retracing nearly 23% of yesterday’s losses. The April low of 1.1184, then the March 7 bottom of 1.1177 will be in the cross hairs in the coming sessions if we face a move below 1.1220.


* GBPUSD has been stable at the upper 1.29 level, still unable to break through 1.30, fluctuating between the 1.3006 and 1.2960, which are Resistance and Support (PP) level respectively. Indicators are giving negative signals.


Main Macro Events Today


* Housing Data (USD, GMT 12:30) – Both Building Permits and Housing Starts are expected to have increased in March, by 1.299M and 1.230M respectively, up from 1.291M and 1.162M in February.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-18_09-33-48.png)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 22, 2019, 12:08:07 PM

Date : 22nd April 2019.


Events to Look Out for Next Week.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/events_1200x628-1-696x364.png)


The shortened week starts with just one piece of news on Monday and Tuesday from the US, while Wednesday will be in focus as the UK Parliament returns from its Easter recess. US Durable Goods are out on Thursday along with the BoJ rate decision.


Wednesday – 24 April 2019


* CPI (AUD, GMT 01:30) – Australia’s inflation rate for Q1 is expected to have declined slightly to 1.7% y/y compared to 1.8% y/y in the final quarter of 2018.


* IFO (EUR, GMT 08:00) – Business climate in the largest EU country is expected to have grown marginally to 99.9 compared to 99.6 last month.


* Event of the week – BoC Interest Rate Decision (CAD, GMT 14:00) – At the BoC meeting, consensus expectations are that there should be no interest rate change. A sharper and more broadly based slowdown in the domestic economy, alongside a slowing in the global economy that has been more pronounced and widespread than anticipated saw the Bank state “the outlook continues to warrant a policy interest rate that is below its neutral range.”


Thursday – 25 April 2019


* Event of the week – Interest Rate Decision (JPY, GMT 02:00) – Among the core central banks, BoJ is firmly poised to be “low for longest”. Hence, once again BoJ is expected to keep the interest rate as it is, given that it appears to have finally had an impact on the Japanese economy.


Durable Goods (USD, GMT 12:30) – March durable goods orders are expected to rise 0.2%, following a 1.6% February decline. Shipments expected to fall 1.5% in March, after a 0.2% reading in February.


* Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have remained at 1.1% y/y in April. Industrial Production is expected to have improved, growing by 0.6% m/m in March, compared to -1.1% m/m in February, while Retail Sales are expected to have increased by 1.2% y/y, compared to 0.6% in March.


Friday – 26 April 2019


* US Gross Domestic Product (USD, GMT 12:30) – The economy’s most important figure, Q1 GDP is expected to rise 2.6%, following a 2.2% pace in Q4 and 3.4% growth in Q3.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 23, 2019, 10:57:02 AM

Date : 23rd April 2019.


MACRO EVENTS & NEWS OF 23rd April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-23_09-19-56-696x244.jpg)


FX News Today


* Markets returning after a 4-day Easter break.


* Investors remain cautious ahead of key earnings reports including Amazon, Facebook, Twitter and Microsoft this week.


* Reluctance to push stock valuations out further kept bond markets underpinned during the Asian session.


* Chinese bond and stock markets continued to struggle, on the decreased expectations of future Chinese monetary stimulus since the weekend.


* Ongoing uncertainty about the outlook for world growth is underpinning caution on stock markets amid the deluge of earnings reports this week.


* Energy stocks remained supported as oil prices surged to a 6-month high.


* The front end WTI future is currently trading at USD 66.00 per barrel.


* European stock futures are posting slight gains, in tandem with US futures.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-23_09-19-10.jpg)


Technician’s Corner


* EURUSD crossed below 20-day MA today, with the asset moving bearishly since Asia open. The underpinning of Euro could continue as the spread between the 10-year US and Germa government bond yields rising.


* USDJPY has been stuck inside of 111.50 and 112.20 for more than a week now, struggling over the 112.00 level reportedly due to ongoing Japanese exporter backed selling, while finding support from what have mostly been risk-on conditions of late. Further USDJPY gains this week ahead of the BoJ meeting.


* AUDUSD is in a 5-day decline. It crossed earlier into the lower Bollinger Bands area, indicating the increase of negative bias. Next Support levels at: 0.7107 and 0.7097.


Main Macro Events Today


* New Home Sales –March new home sales are also expected to fall 7.0% to a 620k rate, following a 4.9% increase to 667k in February.


* Canadian Wholesale Sales – February wholesale trade is expected to show a 0.5% expansion in shipment values after the 0.6% gain in January.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-23_09-40-42.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 24, 2019, 10:49:17 AM

Date : 24th April 2019.


MACRO EVENTS & NEWS OF 24th April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-24_09-08-41-696x429.jpg)


FX News Today


* Australia’s bond as well as stock markets rallied after inflation came in lower than anticipated at 0.0% q/q, down from 0.5% in the previous period and versus median expectations of 0.1%.


* Markets are convinced that the inflation miss will make a rate cut all but inevitable and 10-year yields plunged 10.5 bp, while the ASX jumped as much as 1.1% to a more than 11 year high, after already outperforming yesterday.


* Elsewhere in Asia markets were under pressure, however, despite the strong close on Wall Street, where sentiment was boosted by upbeat earnings reports.


* The USA500 and USA100 closed at record highs Tuesday


* Twitter stock surged more than 15% on earnings beat, while the Coca-Cola share price is up 2% as Q1 earnings revenue was $8.02 billion, topping projections of $7.88 billion. The concerns that China may slow the pace of policy easing and stimulus measures continue to weigh on sentiment.


* WTI oil softer today after surge to 6-mth high at $66.60 yesterday.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-24_09-09-52.jpg)


Technician’s Corner


* USOIL softer at 66.00 hurdle after topping at a new nearly six-month high of $66.60. Overall,  outlook holds to the upside as the asset is sloping within an uptrend, with small corrections to the downside.


* USDJPY has continued to oscillate in a narrow range in the 111.75-112.00 area.  The focus this week will be on fresh signs that corroborate the return-to-growth picture in major global economies. A continuation of this theme would be supportive of currencies that performer with higher beta characteristics, such as the Dollar bloc units, while currencies of the low-yielding safe haven type, such as the Yen, would be apt to underperform. USDJPY has Support at 111.54-111.60, levels which encompass the prevailing position of the 200-day moving average.


* AUDUSD dove to 0.7026, just a breath above 3-year Support. It was driven by Aussie-specific losses following sub forecast CPI data out of Australia, which catalysed calls for the RBA to cut interest rates at its next policy review in May. A break of 0.7000 could open the way towards a December slip.


Main Macro Events Today


* IFO (EUR, GMT 08:00) – Business climate in the largest EU country is expected to have grown marginally to 99.9 compared to 99.6 last month.


* Event of the week – BoC Interest Rate Decision (CAD, GMT 14:00) – At the BoC meeting, consensus expectations are that there should be no interest rate change. A sharper and more broadly based slowdown in the domestic economy, alongside a slowing in the global economy that has been more pronounced and widespread than anticipated saw the Bank state “the outlook continues to warrant a policy interest rate that is below its neutral range.”


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-23_09-40-42.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 25, 2019, 09:26:26 AM

Date : 25th April 2019.


MACRO EVENTS & NEWS OF 25th April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-25_09-40-38.jpg)


FX News Today


* The BoJ left rates unchanged, but clarified its forward guidance, saying it will keep rates very low at least through spring of next year.


* Also, they will expand the eligible collateral and also consider the introduction of an Exchange-Traded Fund (ETF) lending facility, that would allow to temporarily lend ETFs that the Bank holds to market participants.


* Japanese stock markets outperformed going into the announcement, but mainland China indices were under pressure.


* Stock futures are moving higher in Europe and the US. The weaker than expected Ifo reading yesterday and a negative GDP print from South Korea overnight added to concerns about the outlook for world growth, which means rates will stay low for longer.


* The Swedish Riksbank is widely expected to keep monetary policy on hold today.


* The front end WTI future is trading at USD 65.91 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-25_09-40-05.jpg)


Technician’s Corner


* USDCHF is consolidating since last night within 1.01970-1.02190 range. However, the pair still holds above 1.0200, suggesting the continuation of the uptrend, as the pair remains well above the medium term Support at 1.0123 level (6 month Resistance converted to Support). Intraday, however, and as momentum indicators have been flattened, consolidation mode could possibly hold within the day. A cross below 1.0200 could retest yesterday’s lows.


* AUDUSD within the strong 3-year Support, 0.7000-0.7020. It could react as a retracement level for the asset. However, the 3 black crows in the daily chart suggest that negative bias is increasing for AUDUSD.


Main Macro Events Today


* Durable Goods (USD, GMT 12:30) – March durable goods orders are expected to rise 0.2%, following a 1.6% February decline. Shipments are expected to fall 1.5% in March, after a 0.2% reading in February.


* NZ Trade Balance (NZD, GMT 22:45) – The trade report is expected to show an improvement in the surplus to NZ$300 mln in March from NZ$12 mln in February.


* Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have remained at 1.1% y/y in April. Industrial Production is expected to have improved, growing by 0.6% m/m in March, compared to -1.1% m/m in February, while Retail Sales are expected to have increased by 1.2% y/y, compared to 0.6% in March.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-25_09-41-05.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 26, 2019, 09:39:46 AM

Date : 26th April 2019.


MACRO EVENTS & NEWS OF 26th April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-26_09-40-51-696x290.jpg)


FX News Today


* Asian stock markets drifted mostly lower as Japan heads for a long holiday week, and with earnings reports and data releases weighing in sentiment.


* Japan production unexpectedly contracted, which after the correction in South Korea GDP yesterday, added to signs of weakness in the region and also highlighted the contrasting strength of the US economy, after robust durable goods orders yesterday.


* President Xi Jinping said China won’t engage in currency depreciation that harms other nations.


* YEN: has been underpinned by safe haven demand amid growth concerns in Asia and European and flagging stock markets.


* The WTI future is trading slightly under USD 65 per barrel.


* Earnings reports and US GDP numbers will provide the main focus for markets today, with the local calendar holding only the UK CBI industrial trends survey.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-26_09-03-08.jpg)


Technician’s Corner


* USDJPY fell to 2-week lows of 111.38 before rebounding again between the Pivot Point of the day and the 20-day SMa, at 111.60-111.75 area. The pairing fell from the 2019 highs seen into the Wednesday close, and ahead of what was expected to be and was, a dovish BoJ announcement. USDJPY has tried, and failed to hold the 112 mark for several weeks now, and may be entering a phase of shaking out some long positions, before being able to make fresh gains. Overall, risk sentiment will be a determining factor going forward, though with the BoJ on hold, and a chance for further easing ahead, USDJPY can be expected to eventually head higher.


* EURUSD bounced from its trend low of 1.1118 seen after the early round of US data, peaking at 1.1154. The USD generally turned lower through the morning session, appearing to be driven by a round of position squaring following earlier 2-year DXY highs. The Euro is expected to remain in sell-the-rally mode based on the fundamentals. The ECB economic bulletin signaled risks remain to the downside, underscoring the Bank will be “low for longer”. The next downside level remains at the 1.1100 level.


Main Macro Events Today


* US Gross Domestic Product (USD, GMT 12:30) – The economy’s most important figure, Q1 GDP, is expected to rise 2.6%, following a 2.2% pace in Q4 and 3.4% growth in Q3.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-26_09-43-22.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 29, 2019, 11:44:12 AM

Date : 29th April 2019.


MACRO EVENTS & NEWS OF 29th April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/02/events_1200x628-1-1068x559.png)


* We have a huge week ahead for markets, with two central banks policy meetings being in the spotlight, the BoE and the FOMC. Data-wise, we have some of the heaviest data, with Eurozone’s inflation numbers and GDP for the 1st Quarter of 2019, while the US Jobs report on Friday stands out as the event of the coming week.


Monday – 29 April 2019


* Personal Consumption Expenditures (USD, GMT 12:30) – A low reading of the Fed’s preferred inflation measure is expected to be negative for the USD. PCE inflation is expected to stand at 0.2% reading for February with a 0.1% increase for the core, which matches the headline February CPI and core figures. The March reading is expected at 0.4% PCE chain price and a 0.1% in the core index, which also matches the March CPI reading.


Tuesday – 30 April 2019


* Gross Domestic Product (EUR, GMT 09:00) – Euro Area Preliminary GDP for the 1st Quarter is expected to have increased by 0.3% q/q, compared to 0.2% in the previous quarter, while it should remain flat at 1.1% y/y.


* Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The German HICP inflation was confirmed at 1.4% y/y in March. In April however, it is expected to rise to 1.6% y/y.


* Gross Domestic Product (CAD, GMT 12:30) – February GDP is expected to slow to 0.1%, compared to 0.3% last month, perhaps paving the way for an extended pause in rate hikes from the BoC lasting through mid-year.


* CB Consumer Confidence Index (USD, GMT 14:00) – The Conference Board Index is expected to have declined from 126.0 in April to 124.1 in March.


* Employment data (NZD, GMT 22:45) – Employment expected to keep growing in Q1, with  the employment change rising to 0.3%q/q from 0.1%q/q.


Wednesday – 01 May 2019


* ADP Employment Change (USD, GMT 12:15) – The April ADP Employment report should reveal a 175k gain for the month, after a 129k March gain.


* ISM Manufacturing PMI  (USD, GMT 14:00) – The Manufacturing PMI is expected to edge up to 55.0 in April from 55.3 in March.


* Interest rate Decision and Conference (USD, GMT 18:00) – The FOMC is expected to leave the funds rates steady and to continue tapering the balance sheet runoff and will taper it in May, and end it in September. However, the US economy is expected to continue strengthen, something that will eventually call for another rate hike later in the year.


Thursday – 02 May 2019


* Interest rate Decision and Conference (GBP, GMT 11:00) – BoE should remain on hold now until the Brexit D-day. If the transition runs smoothly we might see another 25 bp hike in May 2019. The BoE has cautioned that the outlook will “depend significantly on the nature of EU withdrawal,” and noted that “uncertainty has intensified.” Thus, consensus forecasts suggest no change in the policy rate in this meeting and an unchanged 9-0 MPC voting.


Friday – 03 May 2019


* Building Approvals (AUD, GMT 01:30) – The Australian housing sector has been facing issues in the past months, with building approvals surprisingly jump in February at fastest rate in over 5 years, at 19.1% . Consensus forecasts for March however suggest that a comeback could have occurred and hence, Building Approvals are expected to fall at 1.0%


* Consumer Price Index (EUR, GMT 09:00) –The Euro Area CPI is expected to come out at 1.6% y/y, above March’s outcome.


* NFP and Labour Market Data (USD, GMT 12:30)– April nonfarm payrolls are expected to have stood by 190k, with a 180k private payroll gain. Hourly earnings are expected to rise 0.3% for a y/y gain of 3.3%, up from 3.2% in March.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on April 30, 2019, 10:29:42 AM

Date : 30th April 2019.


MACRO EVENTS & NEWS OF 30th April 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-30_8-45-14-696x542.jpg)


FX News Today


* China misses manufacturing PMIs moving Asian stock markets lower, Japan remains closed all week.  The disappointing manufacturing PMI readings out of China, which signalled a deceleration in the pace of expansion in both private and official readings. The official reading fell back to just 50.1 from 50.4.


* French Q1 GDP growth held steady at 0.3% q/q, in line with consensus expectations and bringing the annual rate to 1.1% y/y from 1.0% y/y in the previous quarter.


* YEN: has been underpinned by continued safe haven demand and growth concerns in Asia compounded by the weak Chinese data. USDJPY moved down to test 111.50 overnight.


* USOil remains under $63.50 and weighed by Fridays fall, GOLD pivots around $1280 but is capped at 1285


* Earnings reports from Alphabet disappointed. Overnight, US markets closed up but Futures are down again this morning.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-30_8-52-55-696x315.jpg)


Technician’s Corner


* USDJPY fell again to test 111.50 and the S1 daily support at 111.48. USDJPY has tried, and failed to hold the 112 mark for several weeks now, and may be entering a phase of shaking out some long positions, before being able to make fresh gains. Overall, risk sentiment will be a determining factor going forward, though with the BoJ on hold, and a chance for further easing ahead, USDJPY can be expected to eventually head higher. 112.00 remains key resistance with the 200-day sma at 111.15.


* EURUSD made its way to four-session highs of 1.1184 after the London close, up from early lows of 1.1146. The core PCE price data released earlier was cooler than expected, which helped the Euro post modest gains. While the pairing is well up on Friday’s trend low, further gains will likely be tentative into Today’s preliminary CPI figures from the major EU countries and trades at 111.80, currently. Given ongoing softness in EU data, and an ECB likely to be lower for longer, EURUSD remains pressured. The next downside level remains at the 1.1100 zone.


Main Macro Events Today


* CAD Gross Domestic Product  (CAD – 12:30) – The economy’s most important figure, m/m GDP, is expected to rise 0.3%


* German CPI & EUR Flash GDP (EUR – 10:00)  – German regional Inflation and Eurozone GDP are both  expected to creep up a tick to 0.5% and 0.3% from 0.4% and 0.2% respectively, nothing in the numbers is expected to alert the ECB’s position on a sluggish EZ area.


* Consumer Board Consumer Confidence (USD-15:00) – Expectations are for a bounce to 126.2 in April from 124.1 in March.
Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/04/2019-04-30_9-30-27-300x138.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



Stuart Cowell


Head 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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: kventin.upgrade on May 01, 2019, 05:51:40 PM
Yesterday and today, GBP and EUR showed excellent growth, there were good trends.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: kventin.upgrade on May 01, 2019, 05:54:39 PM
After breaking through the levels of 1.3000 and 1.3070, the pound aim at 1.3135?
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 02, 2019, 09:01:37 AM

Date : 2nd May 2019.


MACRO EVENTS & NEWS OF 2nd May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-02_09-37-15-696x518.jpg)


FX News Today


* Asian stock markets traded mixed in quiet trade, with China and Japan still on holiday.


* The Fed held rates steady, as expected but it dealt a blow to hopes of an “insurance” rate cut, while stressing patience and data dependence for the policy outlook.


* Fed chair Powell indicated that low inflation might be transitory, and that global growth concerns had eased.


* The USA30 was down -0.61% at the end, the USA500 lost -0.75%.


* The ASX also dipped -0.74% after the nation’s biggest lender cut its dividend, but benchmarks in South Korea and Hong Kong ticked higher after reports from CNBC saying the US and China could announce a trade deal as soon as next Friday.


* Oil prices fell to USD 63.39 overnight with US stockpiles weighing.


* Gold futures rallied slightly after the FOMC announcement, as the USD fell, and yields headed lower, topping at $1,289.05 from $1,285.00. The contract later fell under $1,275.00, a one-week low.


* Sterling has outperformed for a 2nd day, floated by optimism on the Brexit front.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-02_09-36-32.jpg)


Technician’s Corner


* GBPUSD has Support at 1.3010, and Resistance at 1.3103, the latter levels encompassing the current situation of the 50-day moving average.


* XAUUSD is trading below 1,272.00. after Fed chair Powell indicated that low inflation might be transitory, and that global growth concerns had eased. This saw the USD and Treasury yields head higher, both weighing on gold prices. Given the strong ADP number,  the USD expected to remain underpinned into tomorrow’s release of the April US payrolls report.


* EURUSD  fell from a high of 1.1264 to a post-Powell low of 1.1187 before settling to a narrow range around 1.1200.  Support holds at 1.1160-1.1185 and REsistastance is set at 1.1210-1.1215.


Main Macro Events Today


* Interest rate Decision and Conference (GBP, GMT 11:00) – BoE should remain on hold now until the Brexit D-day. If the transition runs smoothly we might see another 25 bp hike in May 2019. The BoE has cautioned that the outlook will “depend significantly on the nature of EU withdrawal,” and noted that “uncertainty has intensified.” Thus, consensus forecasts suggest no change in the policy rate in this meeting and an unchanged 9-0 MPC voting.


* US Q1 Nonfarm Productivity (USD, GMT 12:30)  – Q1 productivity should post a 1.2% rate of growth, down from 1.9%, with unit labor costs rising 2.3% from 2.0%.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-02_09-38-20-300x139.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Andria Pichidi
Head 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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 03, 2019, 11:45:05 AM

Date : 3rd May 2019.


MACRO EVENTS & NEWS OF 3rd May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-03_09-11-56-696x383.jpg)


FX News Today


* Stock markets mostly managed slight gains in quiet trade across Asia as Japan and mainland China remained closed for holidays and with investors positioning for the US jobs report.


* BoE yesterday warned that in the central scenario of a smooth Brexit transition rates will have to go up more and faster than markets currently expect.


* Overnight big drop in Australian Building approvals as the market corrected from a big rise in February.


* Earnings also remained in focus with better than expected profits reported by HSBC helping to underpin shares in Hong Kong while a profit warning from Macquarie weighed on the ASX.


* US stock futures are also moving higher after closing broadly lower on Thursday, following alongside Treasury yields as the market further digested yesterday’s signal from the Fed that a rate cut is not on the menu this year.


* US-Sino trade talks also remain in focus and will add to volatility until a deal is finally on the table.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-03_09-25-20.jpg)


Technician’s Corner


* EURUSD touched a low of 1.1165 into the London open. The pair dropped nearly 100 points from the highs, while the close yesterday under the 1.1200 mark suggests an increasing bearish bias for the Euro. Resistance now sits at 1.1200, or further up to 1.1220 (20 DMA), with Support at 1.1145, the April 29 low.


* USOIL failed to recover yesterday. It remains down nearly 4%, bottoming so far at $61.03. Price weakness has come following the EIA reporting US inventories at near 2-year highs on Wednesday. Supplies are expected to increase further in the next month, as refinery maintenance curbs crude demand. Hence, the $60.50 level is now a key Support, representing both the 50- and 200-day MAs.


Main Macro Events Today


* Consumer Price Index (EUR, GMT 09:00) –The Euro Area CPI is expected to come out at 1.6% y/y, above March’s outcome.


* NFP and Labour Market Data (USD, GMT 12:30) – April nonfarm payrolls are expected to have stood by 190k, with a 180k private payroll gain. Hourly earnings are expected to rise 0.3% for a y/y gain of 3.3%, up from 3.2% in March.


Support and Resistance Levels


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-03_09-53-38-300x136.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Andria Pichidi
Head 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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 06, 2019, 10:27:20 AM

Date : 6th May 2019.


MACRO EVENTS & NEWS OF 6th May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-06_09-24-56-696x185.jpg)


FX News Today


* Japan remains closed for holidays.


* Elsewhere, China’s April services PMI is due, seen at 54.5 from 54.4.


* In the Asia region risk aversion spiked after US President Trump issued threats of new tariffs on imports from China in a bid to up the pressure in trade negotiations.


* Chinese Vice Premier Liu He is scheduled to return to Washington for trade talks on Wednesday, but after Trump’s threat China is now considering cancelling this week’s round of talks.


* North Korea launched missiles over the weekend, which included the first ballistic missile launch since 2017; this saw investors heading for safety.


* Treasury futures are allying, while yields across Asia are plummeting sharply and stocks selling off.


* Australia’s 10-year bond yield fell nearly 5 bp amid the general flight for safety and as markets position for a rate cut ahead of tomorrow’s RBA decision.


* US futures are posting losses in the region of 1.8-1.9%.


* The front end WTI future is trading at USD 60.45 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-06_09-24-16.jpg)


Technician’s Corner


* EURUSD retested 1.1200 highs, up from the 1.1135 lows seen immediately after the US jobs report. The Dollar overall took a hit on Friday and again today. Though the pair closed the week with modest gains (bullish weekly candle), it remains well off of Wednesday’s high of 1.1265 and within the lower BB area, while intraday indicators have been flattened suggesting intraday consolidation. The Resistance comes in at 1.1228, the 20-day MA and Support at 1.1166. As the US economy is in a solid growth with low inflation sweet spot, the EURUSD is seen following the 1-year downchannel forming lower highs and lower lows.


* AUDUSD fell below the round 0.7000 level below to recover yesterday. As Bollinger Bands extend southwards and momentum indicators are sloping towards oversold barrier, another negative session along with the continuation of lower highs, implies a move towards 0.6800-0.6900 area.


Main Macro Events Today


* Markit Composite PMI and Retail Sales (EUR, GMT 08:00-09:00) – The EU Composite PMI is expected to remain at the three-month low of 51.3 in April, while Retail Sales are forecast to slip to 0.1% m/m in March, with the annual rate decelerating to 2.3% y/y from 2.8% y/y.


* Fed speeches – Fed reports its Senior Loan Officer Survey. Fed President Harker discusses the economic outlook.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Andria Pichidi
Head 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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 07, 2019, 11:31:07 AM

Date : 7th May 2019.


MACRO EVENTS & NEWS OF 7th May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-07_09-28-15-696x404.jpg)


FX News Today


* Stock market still struggled during the Asian session though and European stock futures are down on the day, as are US futures, although the latter managed to pare some of their overnight losses.


* RBA left cash rate unchanged at 1.5% for now, as federal election looms. The ASX was knocked off highs.


* Trump’s top trade negotiator meanwhile confirmed that Washington plans to go ahead with tariff hikes on Chinese goods on Friday.


* China vice-premier Liu Hewill visit Washington on May 9-10.


* Indices in China and Hong Kong, which started stronger started to pare gains leaving the Hang Seng down -0.11%, the CSI 300 up 0.15% as of 5:32GMT, versus losses of -1.29% and -1.61% in Topix and Nikkei. .


* WTI future managed to climb to USD 62.29.


* German manufacturing orders rebounded 0.6% m/m, -4.0% m/m contraction in the previous month, and showed a sharp decline in orders inflow in the first quarter of the year, highlighting the impact of geopolitical trade tensions on the manufacturing sector in particular.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-07_09-26-51.jpg)


Technician’s Corner


* USA500 rebounded from 2882 lows, up to 2927 area. As the asset sustains gains above the 20-day MA, with momentum indicators positively configured, the next Resistance area comes at 2848-2960. Support is set athe PP of the day and also the low of the day at 2909.78. RSI is at 57 and sloping higher, in contrast with MACD which suggest weakness of the positive momentum.


* USDJPY recovered from the 1-month low of 110.28 s topping at 110.95 in late NY morning trade. Currently is consolidating around PP level at 110.65. As yesterday’s candles closed outside Bollinger Bands area pointing an oversold asset, while 50- and 200-day MAs have been flattened implying to a near-term ranging market, the asset is expected to enter a consolidation mode. Resistance is now at Friday’s 111.07 low, though the downturn in US Treasury yields may limit gains going forward.


Main Macro Events Today


* Ivey PMI (CAD, GMT 14:00) – A survey of purchasing managers, the Index provides an overview of the state of business conditions in the country. Expectations suggest that the Index will decline to 51.1 compared to 54.3 last month, although still remain above 50.


* BoJ Minutes (JPY, GMT 23:50) – BoJ Minutes are expected to shed more light as to how Japanese policymakers are assessing the current global slowdown and whether they plan any further policy actions.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-07_09-49-35-300x141.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 08, 2019, 11:12:09 AM

Date : 8th May 2019.


MACRO EVENTS & NEWS OF 8th May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-08_09-19-18-696x343.jpg)


FX News Today


* The RBNZ became the first central bank in the developed world to begin loosening policy this cycle. NZDUSD drifted to 6-month low at 0.6525.


* German industrial production unexpectedly rose 0.5% m/m in March.


* Given the correction in orders in Q1 and manufacturing PMI readings that show the manufacturing sector in recession, not just in Germany, the better than expected German production number for March doesn’t change the overall picture of weakness in a sector that clearly is pressured by the combination of geopolitical trade tensions and Brexit jitters, with no sign of improvement, despite today’s upside surprise in the headline reading.


* The weaker than expected trade data out of China showed exports contracting and the trade surplus falling sharply added to ongoing concerns about developments in world trad.


* Brexit fatigue has driven the pound lower vs most other currencies today


* The front end WTI future is trading at USD 61.78 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-08_09-29-17.jpg)


Technician’s Corner


* EURUSD dropped to lows under 1.1170 after opening near 1.1200. The downward move came partly on safe-haven flows into the Dollar. Resistance comes at 1.1222, the 20-day MA, with support seen at 1.1135, Friday’s low.


* USDJPY has fallen to 110.16 lows, just below Monday’s 1-month base of 110.29. The pairing has been weighed down by another risk-off session, related to the escalating US/China trade war. Wall Street is sharply lower, while Treasury yields are down again today as well. Further equity losses will likely see the Dollar head below yesterday’s low, which them brings the March 25 bottom of 109.70 into focus.


Main Macro Events Today


* Canadian Housing Starts – April housing starts are expected to improve to 195.0k from 192.5k in March.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-08_11-24-13-300x135.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 09, 2019, 11:01:45 AM

Date : 9th May 2019.


MACRO EVENTS & NEWS OF 9th May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-09_09-25-12-696x318.jpg)


FX News Today


* US President Trump confirmed that tariffs on a large chunk of China imports will rise to 25% on Friday from currently 10%, saying that China “broke the deal” and would pay.


* Fears that the hard line stance on China will also put the spotlight on imports from other countries put pressure on automakers in Japan and will also keep European stock markets in suspense.


* European stock futures are heading south in tandem with US futures, after a broad sell off in Asia.


* Ongoing Brexit jitters are adding to the risk-off backdrop in Europe, with no breakthrough in cross-party talks on a Brexit deal in sight and RICS house price data overnight showing that the housing market remains pressured.


* The WTI future is trading at USD 61.67 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-09_09-37-11.jpg)


Technician’s Corner


* EURUSD is moving higher into the EU session. It is currently retesting the 1.1200 area. The Euro was supported by stronger German industrial production released overnight, though the Dollar has since perked up slightly on safe-haven flows, as the US and China continue to play chicken with trade negotiations. EUR-USD resistance comes at 1.1217, which represents the 20-day moving average, with support at Tuesday’s 1.1167 low.


* EURCHF has settled into a choppy consolidation centred on 1.1400 after a 4-week rally, bellow the 6-month peak at 1.1476 in late April. The pronounced Swiss Franc underperformance that was seen during most of April was accompanied by narratives talking about the market being in the process of giving up on the Franc’s role as a safe haven currency, which has been afflicted by the SNB’s -0.75% deposit rate, and which finally seemed to have elicited down-weighting of Franc by reserve and portfolio overlay managers. On the year-to-date, the Swissie remains down by over 3.5% against the Dollar and by nearly 1.5% versus the Euro. Overall, Swiss policymakers’ efforts to both weaken the Franc and dethrone the currency from its safe-haven status look to be working.


Main Macro Events Today


* Trade Balance (USD, GMT 12:30) – Although less important than in other economies, the US trade balance still provides a useful overview of the overall economy and the Dollar supply in the world, especially as reducing it has been one of Trump’s main targets. Still, consensus forecasts suggest that the shortfall should widen slightly to -$49.9 bln from -$49.4 bln in February. A 0.7% rise for exports to $211.2 bln is expected and a 0.8% increase for imports to $261.1 bln.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-08_11-24-13-300x135.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 10, 2019, 10:54:17 AM

Date : 10th May 2019.


MACRO EVENTS & NEWS OF 10th May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-10_09-21-05-696x565.jpg)


FX News Today


* Trading remained nervous ahead of the Friday deadline on tariff hikes.


* While comments from US President Trump that an agreement is still possible initially saw stock markets rallying in Asia, caution has since made a comeback as investors react to headlines.


* Japanese markets erased earlier gains and fell back into negative territory before stabilizing, and Topix and Nikkei are down -0.18% and 0.47% respectively as of 05:39GMT.


* The front end WTI future meanwhile is trading at USD 61.92 per barrel.


* German exports rebound in March – German trade data at the start of the session is showing another solid surplus in March and Q1, amid lingering fears that the focus of the US administration will once again turn to stagnant US-EU trade talks.


* European stock futures are moving higher, while US futures recovered most of their overnight losses and are little changed on the day, as it seems markets are set to buy into hopes that a deal will be reached eventually.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-10_09-20-24.jpg)


Technician’s Corner


* USDJPY has been pushed down to 109.51. Another severe session of risk-off has weighed, with both Wall Street and Treasury yields getting hammered, keeping the pressure on the pairing. The pair managed to find some ground ahead of the EU session, and hence it is currently moving above PP level. However, as the overall outlook remains bearish, the February 4 low of 109.43 remains the next downside Support level, with a break there set to test the 109.00 level.


* USDCAD rallied to 2-week highs of 1.3505, finding support from modest Oil price losses, and a generally firmer USD. Light buy-stops were noted on the break of 1.3500, though follow through was limited. USDCAD is rangebound between 1.3505 and 1.3430.  April highs of 1.3516-1.3521 will need to be eclipsed to shift sentiment to a more bullish stance, otherwise overall consolidation holds.


* USOIL has remained rangebound, sticking inside of Monday’s trading band, between $60.00 and $62.92. Concerns over the US/China trade war have kept a lid on prices this week, due to the prospects for demand destruction. On the supply side, Libya exports (near 1.0 mln bpd) are at risk due to civil war in the country threatening further supply disruption on top of the shutdown in production from Iran and Venezuela due to sanctions, and the ongoing OPEC+ production cuts. As a result, risk would appear to be to the upside for oil prices in the coming sessions, regardless of trade worries.


Main Macro Events Today


* Gross Domestic Product (GBP, GMT 08:30) – The economy’s most important figure, preliminary Q1 GDP is expected to be unchanged at 0.2% q/q.


* Consumer Price Index and Core (USD, GMT 12:30) – The headline CPI is estimated to rise 0.4% in April, after a similar reading in March. The overall CPI is expected to be up 2.1% y/y, from 1.9% in March. US Core CPI is estimated to rise 0.2% in April, following a 0.1% increase in March.


* Labour Market Data (CAD, GMT 12:30) – The unemployment rate is expected to hold at 5.8% in April, however the employment change is forecast to increase to 1K, after the 7.2k loss in March.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-10_09-57-58-300x138.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 13, 2019, 10:50:29 AM

Date : 13th May 2019.


Events to Look Out for Next Week.



(https://analysis.hotforex.com/wp-content/uploads/2018/10/EVENTS-TO-LOOK-OUT-FOR-NEXT-WEEK-2-768x384.png)


Markets could keep being restive as the trade war escalates, with concerns rising regarding a response from China. Meanwhile, the main focus should turn to the US as the week ahead includes a heavy slate of economic reports that will include important updates on consumption, inventories, factory output, sentiment, and the housing sector.


* Tuesday – 14 May 2019


* Harmonized Index of Consumer Prices (EUR, GMT 06:00) – The preliminary German HICP inflation for April was higher than initially expected, at 2.1% y/y. However the final reading is expected to fall back to 1.7% y/y.


* Average Earnings (GBP, GMT 08:30) – Average Earnings excluding bonus for March is expected to hold at 3.4%. The ILO unemployment rate (3-month) is expected to have remained at 3.9%.


* ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for May is expected to decline to 1.0 compared to 4.5 last month.


* Wednesday – 15 May 2019


* Gross Domestic Product (EUR, GMT 06:00) – German Preliminary Q1 results are expected to come in stronger than expected at 0.3%, after confirmed at 0.0% q/q for Q4 2018. Eurozone prelim. Q1 GDP growth expected to be confirmed at 0.4% q/q.


* Retail Sales and Core (USD, GMT 12:30) – We expect readings of 0.2% for April retail sales and 0.7% for ex-auto sales, following a 1.6% increase for the March headline and a 1.2% increase ex-autos. Unit vehicle sales slowed in April, and gasoline prices should continue to boost retail activity given an estimated 5.5% increase in the CPI for gasoline.


* Consumer Price Index (CAD, GMT 12:30) – The Canadian CPI is expected to slip to 0.3% from the 0.7% reading the past 2 months.


* Thursday – 16 May 2019


* Employment Data (AUD, GMT 01:30) – Australian labour market data is expected to deteriorate, as the unemployment rate expected to increase to 5.1% in April from 5.0% last month, while employment is anticipated at 14K from 25.7K in March.


* Housing Data (USD, GMT 12:30) – Both Building Permits and Housing Starts should jump in April, to a 1.215 mln pace and to 1.298 mln respectively, after a 0.3% and 0.2% decline seen in March. Overall, a stronger trajectory is expected for starts with a positive but slower pace for permits.


* Friday – 17 May 2019


* Consumer Price Index (EUR, GMT 09:00) – The Euro Area CPI for April is expected to slow down slightly, at 0.7% from 1% last month. However, the overall picture remains largely unchanged, with headline inflation remaining modest, but underlying inflation starting to firm. No reason then for the ECB to add additional stimulus measures to an already very accommodative policy stance, and “low for longer” remains the message not just from the ECB.


* Michigan Consumer Sentiment Index (USD, GMT 14:00) – The preliminary May Michigan sentiment reading is forecast at 97.7, up from the final April sentiment at 97.2.


Please note that times displayed based on local time zone and are from time of writing this report.


Click HERE (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 15, 2019, 07:54:41 AM

Date : 15th May 2019.


MACRO EVENTS & NEWS OF 15th May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-15_09-04-36-696x607.jpg)


FX News Today


* Stock markets continued to recover during the Asian session, after a positive close on Wall Street Tuesday. Topix and Nikkei gained 0.41% and 0.45% respectively.


* Volumes were thin indicating that there is not much conviction in the recovery as investors evaluate trade developments.


* Chinese data releases from Industrial output to Retail Sales data and investment all slowed last month and together with the fallout from tariff hikes that saw markets buying into hopes of further stimulus measures in China.


* President Trump overnight called on the Fed to “match” what he said China would do to offset the economic impact of the US tariffs


* US stock futures are also moving higher.


* The AUD was pressured by the weak China data.


* The USOIL struggled with source stories saying the API will report a 8.63 million Dollar increase in US stockpiles and is trading at USD 61.38 per barrel.


* German GDP growth expanded 0.4% q/q in Q1, in line with expectations and coming back from stagnation in the last quarter of 2018. The construction and machinery investment as well as private consumption were the main drivers of growth.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-15_09-18-21.jpg)


Technician’s Corner


* EURUSD found Support into the 1.1200 level. The pair has mostly been stuck between its 20-day moving average at 1.1200 and its 50-day moving average at 1.1245 since the start of the week. A close above or below these levels may help determine direction for the remainder of the week.


* USDJPY has recovered slightly from earlier lows of 109.45, making its way to 109.67 highs so far. The rally on Wall Street, which has so far wiped out about a third of Monday’s sharp losses has provided some Support, as have steadier Treasury yields which were hammered lower yesterday as well. The uncertainty of the outcome of the US-China trade war however, will likely keep USDJPY upside limited for now.


* GBPUSD is back on a weakening path. A generally firmer dollar has seen Cable lead the way in the latest phase, with the pair printing fresh 2-week lows under 1.2910. This extends the quite-steep decline from the early May peak at 1.3176, which is the loftiest point reached over the last six weeks. As the risk of a disorderly no-deal Brexit remains a possibility, if not a probability and as the pair is a sharp decline for 8th day is a row, bearish outlook looks to hold strongly. Intraday, Cable has Resistance at 1.2928-1.1235 and Support at 1.2860 on the break of 1.2900 level.


Main Macro Events Today


* Gross Domestic Product (EUR, GMT 06:00) – Eurozone prelim. Q1 GDP growth expected to be confirmed at 0.4% q/q.


* Retail Sales and Core (USD, GMT 12:30) – We expect readings of 0.2% for April retail sales and 0.7% for ex-auto sales, following a 1.6% increase for the March headline and a 1.2% increase ex-autos. Unit vehicle sales slowed in April, and gasoline prices should continue to boost retail activity given an estimated 5.5% increase in the CPI for gasoline.




* Consumer Price Index (CAD, GMT 12:30) – The Canadian CPI is expected to slip to 0.3% from the 0.7% reading the past 2 months.


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 HERE (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 16, 2019, 09:47:03 AM

Date : 16th May 2019.


MACRO EVENTS & NEWS OF 16th May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-16_09-32-41-696x468.jpg)


FX News Today


* Treasury yields dipped -1.4 bp overnight, JGB rates are down -0.5 bp as bond markets continue to rally amid the escalating US-Sino trade spat that saw Trump targeting Chinese telecom companies.


* Reports that the US President will hold off on auto tariffs for now helped European bourses to stage a late rally Wednesday.


* The US President signed an order that is expected to restrict the likes of Huawei and ZTE Corp from selling their equipment to the US. Huawei was also put on a blacklist that could forbid it from doing business with American companies and require US companies to obtain a special licence to sell products to the company, which if enforced strictly could halt even everyday operations at the Chinese company.


* The US and European stock futures are under pressure ahead of the official open.


* US-Sino trade tensions aside Brexit developments and Italian budget jitters remain in focus amid a pretty quiet local calendar that focuses on Eurozone trade numbers as well as the final reading of Italian HICP inflation.


* The unexpected pick up in Australian unemployment fuelled speculation of a rate cut from the RBA.


* The front end WTI future is trading at $62.40 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-16_09-35-01.jpg)


Technician’s Corner


* EURUSD found Resistance at 1.1217 level for 2 consecutive days. The pair has mostly been stuck between its 20-day moving average at 1.1200 and its 50-day moving average at 1.1245 since the start of the week. A close above or below these levels may help determine direction for the remainder of the week.
* GBPUSD has extended losses which s now in its 9th consecutive down day, after it broke yesterday April’s lows. Next support for the asset is coming at January’s low  Resistance at 1.2772.


Main Macro Events Today


* Housing Data (USD, GMT 12:30) – Both Building Permits and Housing Starts should jump in April, to a 1.215 mln pace and to 1.298 mln respectively, after a 0.3% and 0.2% decline seen in March. Overall, a stronger trajectory is expected for starts with a positive but slower pace for permits.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-16_09-35-35-300x136.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 17, 2019, 08:37:25 AM

Date : 17th May 2019.


MACRO EVENTS & NEWS OF 17th May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-17_08-58-00-696x193.jpg)


FX News Today


* Treasuries sold off as risk appetite soured. Wall Street posted broadbased and solid intraday gains of over 1% Thursday.


* There was good news on the data front, as well as stellar earnings news from Walmart to add to the bullish tone in equities.


* Bank of Japan governor Kuroda said the ultra-low rates may be maintained for a further period of well over a year. However, Kuroda warned against the idea of propping up the economy through unlimited money printing saying that “when a central bank monetises debt unlimitedly, it will most certainly trigger hyper-inflation and cause huge demand to the economy”.


* There were comments in China state media saying China may have no interest in continuing trade talks with the US for now.


* The Yuan fell past the psychologically important 6.9 per dollar level, something that previously had been speculated to eventually lead to the selling of Chinese Treasury holdings to prop up the currency.


* The WTI future is trading at $62.98 per barrel. Geopolitical tensions in the Mideast continue to provide support, with the latest rally coming as Saudi Arabia blamed Iran and its proxies for attacks on Saudi oil infrastructure this week.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-17_09-13-41.jpg)


Technician’s Corner


* EURUSD fell to 8-session lows of 1.1172 at mid-morning, slipping from opening highs near 1.1210. The early round of Dollar friendly US data saw the pairing start its decent, with selling pick up some pace on the break under the 20-day MA of 1.1197. The May 7 low of 1.1167 Support was reached , however the asset manage to hold above it so far today. A break there could open the door for a test of the May 3 low of 1.1135.




* GBPUSD’s low is 1.2787 in what is now the 5th consecutive daily decline and the eighth down day out of the last nine trading days. Resistance comes in at 1.2875-78. Next Support holds at 1.2700.


Main Macro Events Today


* Consumer Price Index (EUR, GMT 09:00) – The Euro Area CPI for April is expected to slow down slightly, at 0.7% from 1% last month. However, the overall picture remains largely unchanged, with headline inflation remaining modest, but underlying inflation starting to firm. No reason then for the ECB to add additional stimulus measures to an already very accommodative policy stance, and “low for longer” remains the message not just from the ECB.


* Michigan Consumer Sentiment Index (USD, GMT 14:00) – The preliminary May Michigan sentiment reading is forecast at 97.7, up from the final April sentiment at 97.2.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-17_09-47-45-300x137.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 20, 2019, 09:05:55 AM

Date : 20th May 2019.


MACRO EVENTS & NEWS OF 20th May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/events_1200x628-1-696x364.png)


* Just as optimism on US growth was returning, while worries over a global slowing were easing, the spectre of a trade war is back on the table to heighten uncertainties once again. Trade will remain a focal point along with the European Parliament elections. Thursday is the most data-heavy day with European PMI releases and the the German IFO survey.


Tuesday – 21 May 2019


* Monetary Policy Meeting Minutes (AUD, GMT 01:30) – The RBA minutes will provide more insight on the views the Australian Central Bank has about the economy. In the past policy review earlier this month, RBA highlighted downside risks to the economy, but disappointed markets by leaving the cash rate on hold ahead of the federal elections.


* Inflation Report Hearings (GBP, GMT N/A) – The BOE Governor and several MPC members testify on inflation and the economic outlook before the Parliament Treasury Committee.


* Retail Sales (NZD, GMT 22:45) – Retail Sales are expected to have slipped to 0.0% for the first Quarter of 2019, from around 1.7% q/q.


Wednesday – 22 May 2019


* Consumer Price Index (GBP, GMT 08:30) – Prices are expected to rise in April, with overall inflation expected to stand at 2.1%y/y, compared to 1.9% y/y last month.


* Retail Sales and Core (CAD, GMT 12:30) –Canadian sales are expected to have eased by 0.4% m/m in March, compared to 0.8% m/m in February.


* FOMC Meeting Minutes (USD, GMT 18:00) FOMC minutes, detailing the view of each of the Fed Governors and FOMC Members, shed light on their perspectives regarding the future of the US economy. FOMC left policy on hold earlier this month, and it cited solid growth, low headline and core inflation, though Powell said in his presser that the weakness was likely “transitory”.


Thursday – 23 May 2019


* Gross Domestic Product (EUR, GMT 06:00) – German Preliminary Q1 results are expected to remain unchanged, at an annualised rate of 0.6%, and at 0.4% compared to 1.1% last quarter.


* Services and Manufacturing PMI (EUR, GMT 08:00) – Preliminary Manufacturing and Composite PMIs are expected to increase in May, to 48.2 and 51.8 respectively while the Services PMI is forecast at 53.


* German IFO (EUR, GMT 08:00) – German IFO business confidence is expected to hold steady at 99.2, after it unexpectedly declined to 99.2 in the April reading from 99.7 in March.


* European Parliamentary Elections – DAY 1


Friday – 24 May 2019


* Retail Sales and Core (GBP, GMT 08:30) – Following a correction in March, Retail Sales are expected to slip this month by -0.4% m/m from 1.1% m/m.
Durable Goods (USD, GMT 12:30) – Durable goods orders are pegged at -1.8% in April, after a 2.7% figure in March. Transportation orders should be -7.2%. Boeing orders should fall to the lean 28 area from an already-low 44 in March, with a likely hit via problems with the Boeing 737 Max that may have prompted buyers to delay new purchase commitments, while vehicle assemblies are seen steady from a 10.8 mln pace in March.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 21, 2019, 09:52:59 AM

Date : 21st May 2019.


MACRO EVENTS & NEWS OF 21st May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-21_9-52-39-696x374.jpg)


FX News Today


* 10-year Treasury yields are down -0.2 bp at 2.414$, JGB yields fell back 0.2 bp to -0.054% as BoJ Governor Kuroda warned against the fallout from escalating trade tensions between the U.S. and China and the minutes of the last RBA meeting confirmed that Australia’s central bank is laying the ground for a rate cut in coming months.


* Stock markets moved mostly higher, with mainland China bourses outperforming and bouncing back from Monday’s lows, although the impact of the measures that cut Huawei off from vital supplies will likely to continue to impact the tech sector not just in China.


* USD got a bid -AUD (&NZD sink) on RBA comments that rate cut likely if Employment situations does not improve. (0.6875 & 0.6510) respectively. Powells speech was non-market moving.


* EUR back to 1.1150 (s) from 1.1175, JPY -110.15 – r at 110.25 (Questions over Abe’s Sales Tax) , GBP 1.2721 – (12 days down for Cable).


* GOLD Pivots around 1275 support ; OIL – back up to 63.50 from yesterday 62.50 low. R at $64.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-21_9-35-02-696x413.jpg)


Technician’s Corner


* AUDUSD fell back under 0.6900 – 20 period moving average sits at 0.6907, S2 is next support at 0.6866. R1 and the 200-period moving average is at 0.6930-33.


* GBPUSD’s low is 1.2707 in what is now the eighth consecutive daily decline and the eleventh down day out of the last twelve trading days. Pivot point comes in at 1.2730, with support at 1.2700.


Main Macro Events Today


* Inflation Report Hearings (GBP, GMT N/A) – The BOE Governor and several MPC members testify on inflation and the economic outlook before the Parliament Treasury Committee.


* US Existing Home Sales – Expected – 5.38 million, last time 5.35 million.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-21_9-46-04-300x138.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



Stuart Cowell


Head 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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 22, 2019, 09:21:53 AM

Date : 22nd May 2019.


MACRO EVENTS & NEWS OF 22nd May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-22_09-07-50.jpg)


FX News Today


* Comments from Fed’s Bullard that a rate cut could become an “attractive option” if inflation continues to disappoint added support to bond markets ahead of the release of the Fed minutes from the May meeting.


* Ahead of today’s Fed minutes, this helped to lift sentiment and underpin stock market sentiment, which struggled for direction amid conflicting trade headlines.


* Reports that the US administration is considering blacklisting up to 5 Chinese surveillance firms, including Hikvision added fresh concerns about a deepening of trade frictions and put pressure on tech stocks.


* The GER30 futures are heading south in tandem with US futures after a mixed session in Asia, where mainland China bourses underperformed.


* The FTSE 100 future is getting some support from a weaker pound, which is shedding the gains seen in the wake of May’s latest Brexit deal yesterday


* At the same time, China’s ambassador to the US said Beijing is ready to resume talks and ASX and Nifty 50 slightly higher.


* The WTI future meanwhile fell back to USD 62.58 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-22_09-07-29.jpg)


Technician’s Corner


* EURUSD spiked up briefly to 1.1188, just above its 20-day MA, though has now eased back under 1.1150. The Euro remains in sell the rally mode, given the Dollar’s yields advantage, and relatively better performing economy. EURUSD has posted 6-straight sessions of lower daily lows, a bearish signal, and has sights set on the May 3 bottom of 1.1135, then 2019 lows of 1.1110 seen in late April.


* XAUUSD: Renewed dollar strength, along with the return of risk-taking conditions has dented gold’s safe-haven appeal. The US easing of restrictions on Huawei has helped equity sentiment, to the detriment of gold prices. Next support comes at $1,270 in the near term, then $1,267.30, , the May 2 low, then $1,258.38, the 200-day MA.


Main Macro Events Today


* Consumer Price Index (GBP, GMT 08:30) – Prices are expected to rise in April, with overall inflation expected to stand at 2.1%y/y, compared to 1.9% y/y last month.


* Retail Sales and Core (CAD, GMT 12:30) –Canadian sales are expected to have eased by 0.4% m/m in March, compared to 0.8% m/m in February.


* FOMC Meeting Minutes (USD, GMT 18:00) FOMC minutes, detailing the view of each of the Fed Governors and FOMC Members, shed light on their perspectives regarding the future of the US economy. FOMC left policy on hold earlier this month, and it cited solid growth, low headline and core inflation, though Powell said in his presser that the weakness was likely “transitory”.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-22_09-37-56-300x140.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 23, 2019, 07:48:44 AM

Date : 23rd May 2019.


MACRO EVENTS & NEWS OF 23rd May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-22_09-07-50-667x420.jpg)


FX News Today


* Comments from Fed’s Bullard that a rate cut could become an “attractive option” if inflation continues to disappoint added support to bond markets ahead of the release of the Fed minutes from the May meeting.


* Ahead of today’s Fed minutes, this helped to lift sentiment and underpin stock market sentiment, which struggled for direction amid conflicting trade headlines.


* Reports that the US administration is considering blacklisting up to 5 Chinese surveillance firms, including Hikvision added fresh concerns about a deepening of trade frictions and put pressure on tech stocks.


* The GER30 futures are heading south in tandem with US futures after a mixed session in Asia, where mainland China bourses underperformed.


* The FTSE 100 future is getting some support from a weaker pound, which is shedding the gains seen in the wake of May’s latest Brexit deal yesterday


* At the same time, China’s ambassador to the US said Beijing is ready to resume talks and ASX and Nifty 50 slightly higher.


* The WTI future meanwhile fell back to USD 62.58 per barrel.




Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-22_09-07-29.jpg)


Technician’s Corner


* EURUSD spiked up briefly to 1.1188, just above its 20-day MA, though has now eased back under 1.1150. The Euro remains in sell the rally mode, given the Dollar’s yields advantage, and relatively better performing economy. EURUSD has posted 6-straight sessions of lower daily lows, a bearish signal, and has sights set on the May 3 bottom of 1.1135, then 2019 lows of 1.1110 seen in late April.


* XAUUSD: Renewed dollar strength, along with the return of risk-taking conditions has dented gold’s safe-haven appeal. The US easing of restrictions on Huawei has helped equity sentiment, to the detriment of gold prices. Next support comes at $1,270 in the near term, then $1,267.30, , the May 2 low, then $1,258.38, the 200-day MA.


Main Macro Events Today


* Consumer Price Index (GBP, GMT 08:30) – Prices are expected to rise in April, with overall inflation expected to stand at 2.1%y/y, compared to 1.9% y/y last month.


* Retail Sales and Core (CAD, GMT 12:30) –Canadian sales are expected to have eased by 0.4% m/m in March, compared to 0.8% m/m in February.


* FOMC Meeting Minutes (USD, GMT 18:00) FOMC minutes, detailing the view of each of the Fed Governors and FOMC Members, shed light on their perspectives regarding the future of the US economy. FOMC left policy on hold earlier this month, and it cited solid growth, low headline and core inflation, though Powell said in his presser that the weakness was likely “transitory”.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-22_09-37-56-300x140.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 24, 2019, 08:33:37 AM

Date : 24th May 2019.


MACRO EVENTS & NEWS OF 24th May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-24_09-23-


52-696x235.jpg)


FX News Today


* Stock market sentiment stabilised during the Asian session and bargain


hunting helped at least Chinese markets to recover slightly.


* Australian Dollar continuing to outperform as markets position for a


rate cut from the RBA.


* US President Trump seemed to keep hopes of a trade deal alive, but it is


pretty clear that any agreement is still a way off and that will likely keep


market volatile for now.


* In Europe investors will be bracing for more political turmoil in the


U.K., which also raises the threat of a no-deal Brexit scenario once again, and


the fallout from the ongoing European Parliament elections.


* The marked widening of spreads clearly has attracted the attention of


ECB officials, which are one again eagerly campaigning for more risk sharing,


Eurobonds and a eurozone wide deposit insurance.


* The Oil prices have come slightly back from lows, although at currently


$58.65 per barrel, the front end WTI future is heading for a sizeable weekly


loss.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-24_09-25-


21.jpg)


Technician’s Corner


* EURUSD spiked up from 2-year lows of 1.1200 into European open. The


Euro’s new trend low, along with data misses prompted a quick and sharp short


covering driven rally yesterday, which has since seen EURUSD touch highs of


1.1187. With a good number of shorts squeezed out of the market, the pair could


enter a consolidative phase into the weekend.


* XAUUSD traded to 1-week highs over $1,287 yesterday, while today despite


the small selling pressure it manage to hold above the $1,282 area. Safe-haven


buying remains the mover, as global equities remained awash in a sea of red,


largely driven by escalating trade war fears. From there, a sharp reversal lower


for the Dollar added support to Gold prices. Solid resistance comes at the


psychological $1,300 level.


Main Macro Events Today


* Retail Sales and Core (GBP, GMT 08:30) – Following a correction in


March, Retail Sales are expected to slip this month by -0.4% m/m from 1.1% m/m.


* Durable Goods (USD, GMT 12:30) – Durable goods orders are pegged at -


1.8% in April, after a 2.7% figure in March. Transportation orders should be -


7.2%. Boeing orders should fall to the lean 28 area from an already-low 44 in


March, with a likely hit via problems with the Boeing 737 Max that may have


prompted buyers to delay new purchase commitments, while vehicle assemblies are


seen steady from a 10.8 mln pace in March.


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


HERE (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-


webinars.html) to register for FREE!


Click HERE to READ more Market news.


 (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 27, 2019, 10:11:44 AM

Date : 27th May 2019.


MACRO EVENTS & NEWS OF 27th May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/events_1200x628-1-696x364.png)


* The political saga is expected to continue next week after the resignation announcement of Prime Minister May, who will step down on June 7th, after President Trump’s three-day state visit..


Tuesday – 28 May 2019


* Inflation Report Hearings (GBP, GMT N/A) – The BOE Governor and several MPC members testify on inflation and the economic outlook before the Parliament Treasury Committee. It is likely that BoE will state again that it will remain on hold now until after the Brexit D-Day.


* CB Consumer Confidence (USD, GMT 14:00) – The Consumer Confidence is expected to rise to 130.0 in May, from 129.2 in April and a 16-month low of 121.7 as recently as January, versus an 18-year high of 137.9 in October. Overall, confidence measures remain historically high.


* RBNZ Financial Stability Report (NZD, GMT 20:00) – After RBNZ did the expected in March, leaving the official cash rate 1.75% following its policy review and surprised by stating “the more likely direction of our next OCR move is down.”, it is now expected to remain on the dovish side along with the rest of the central banks.


Wednesday – 29 May 2019


* Unemployment (EUR, GMT 07:55) – The German unemployment rate is expected to remain unchanged at 4.9% in May, however the number of vacancies is expected to drop to -7k.


* Event of the week – BoC Interest Rate Decision (CAD, GMT 14:00) – At the BoC meeting, consensus expectations are that there should be no interest rate change. However, the abandonment of the mild tightening bias in the last meeting, opened the door to both rate hikes and rate cuts, depending on the flow of data.


Thursday – 30 May 2019


* Building Permits (AUD, GMT 01:30) – The reduction in building permits is expected to continue, while with the indicator registering an 15.5% decline in March, expectations are that the decline will stand at 14% in April.


* Gross Domestic Product (USD, GMT 12:30) – The Preliminary GDP is expected to show a revised 2.9% gain in Q1, versus the 3.2% advance figure released last month, following a 2.2% growth rate in Q4.


* Tokyo CPI and Production Data (JPY, GMT 23:50) – The country’s main leading indicator of inflation is expected to have dropped slightly at 1.2% y/y in May. Industrial Production is expected to have improved, growing by 0.2% m/m in April, compared to -0.6% m/m in March, while Retail Sales are expected to have fallen by 0.8% y/y, compared to 1.0% in March.


Friday – 31 May 2019


* Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The preliminary German HICP inflation for April jumped to 2.1% y/y from 1.4% y/y. However the reading for May  is expected to fall back to 1.5% y/y.


* Gross Domestic Product (CAD, GMT 12:30) – The Q1 GDP is expected to increase to 1.2%, after it  slowed to a 0.4% growth rate in Q4 from 2.0% in Q3 (q/q, saar).


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 28, 2019, 08:04:36 AM

Date : 28th May 2019.

MACRO EVENTS & NEWS OF 28th May 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-28_9-14-09.jpg)

FX News Today

* Asian equities moved up in line with higher closes on the European markets and buoyed by the muted merger of US_Italian Fiat Chrysler and French peer Renault.

* New Zealand and Australian Dollar continues to recover, the was AUD bolstered by a rise in Iron Ore prices. 

* US President Trump seemed to keep hopes of a trade deal alive, but it is pretty clear that any agreement is still a way off and that will likely keep market volatile for now.

* USD a touch firmer – EUR dips to support at 1.1180, JPY continues to pivot around 109.50 and GBP gave up 1.2700 handle and sits at 161.8 Fib level 1.2670

* Gold declined in the H1 200 ema at $1282.35, breaching the key $1285 psychological area.

* The Oil prices have breached $59.00 per barrel rising 1% on Monday on tensions in the Middle East, and OPEC-led supply cuts, capped by Russian supply coming back on stream after a contamination problem discovered last month.

Charts of the Day

(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-28_8-55-05-696x312.jpg)

Technician’s Corner

* EURUSD – H1 EMA crossing strategy triggered at 10:00 at 1.1204 (May 27) and has moved down to 200 EMA and S1 at 1.1181. S2 sits at 1.1170 and the daily pivot sits at 1.1198

* XAUUSD – H1 EMA crossing strategy triggered at 18:00 at 1285.12 and has run down through S1 (1283.40) to touch 200 EMA at 1282.35. S2 and lower Bollinger band $1281.75. Daily pivot at 1285.35

Main Macro Events Today

* CB Consumer Confidence (USD, GMT 14:00) – The Consumer Confidence is expected to rise to 130.0 in May, from 129.2 in April and a 16-month low of 121.7 as recently as January, versus an 18-year high of 137.9 in October. Overall, confidence measures remain historically high.

* RBNZ Financial Stability Report (NZD, GMT 20:00) – After RBNZ did the expected in March, leaving the official cash rate 1.75% following its policy review and surprised by stating “the more likely direction of our next OCR move is down.”, it is now expected to remain on the dovish side along with the rest of the central banks.

(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-23_09-50-31-300x135.jpg)

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)


Stuart Cowell

Head 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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 29, 2019, 08:00:07 AM

Date : 29th May 2019.


MACRO EVENTS & NEWS OF 29th May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-29_9-16-47-696x332.jpg)


FX News Today


* RISK-OFF again, trade tensions, Huawei court case and weak sentiment.  JPY & CHF were the main movers in the Asian session with USDJPY once again testing 109.20 and USDCHF down to 1.0060. US equities markets fell into the close (S&P down 0.84%), while Asian equities have followed lower (Nikkei down over 1%). Bonds rallied as sentiment continues to be fragile.


* USD firmer elsewhere; EURUSD dipped to 1.1160, GBPUSD breached 1.2650, and USDCAD attempted 1.3500 again, before slipping back to 1.3480. The Kiwi is firmer following the RBNZ FSR and Governor Orr’s speech, where he avoided monetary policy comments completely. The NZDUSD currently trades off overnight highs of 0.6552 at 0.6544. The AUDUSD supported by pivot point at 0.6972


* Oil prices gave up highs at $59.33 yesterday following comments by Russia that they will consider an extension of the production cap deal with OPEC – USOil currently holds $58.50.  Gold, from lows at $1276 yesterday, has recovered to a key resistance at $1281.80.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-29_9-15-02-300x134.jpg)


Technician’s Corner


* EURUSD – H1 – another leg lower from 15:00 GMT yesterday R1 at 1.1185 and the 200 ema at 1.1180 are key resistance areas. Daily Pivot sits at 1.1172.  RSI (35) and Stochastic (31) are weak an falling. S1 and the lower Bollinger band are at 1.1145


* GBPUSD – H1 – Under key daily pivot and 161.8 Fibonacci extension at 1.2676. 1.2650 is a key psychological level. S1 at 1.2648, the lower Bollinger band at 1.2642 and S2 1.2627 provide further support.


Main Macro Events Today


* Unemployment (EUR, GMT 07:55) – The German unemployment rate is expected to remain unchanged at 4.9% in May, however the number of vacancies is expected to drop to -7k.


* Event of the week – BoC Interest Rate Decision (CAD, GMT 14:00) – At the BoC meeting, consensus expectations are that there should be no interest rate change. However, the abandonment of the mild tightening bias in the last meeting, opened the door to both rate hikes and rate cuts, depending on the flow of data.




Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-23_09-50-31-300x135.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



Stuart Cowell


Head 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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 30, 2019, 08:57:45 AM

Date : 30th May 2019.


MACRO EVENTS & NEWS OF 30th May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-30_09-19-23.jpg)


FX News Today


* US equities weaker, Treasury yields fell amid flight to safety trades.The concerns that the global economy will slide back into recession amid prolonged trade tensions continue.


* Chinese media yesterday suggested that Beijing could be limiting the export of rare earths minerals used in the defence an energy sector in order to put pressure on the US only highlighted that the trade war is likely to escalate further before a deal is reached.


* Against that background US GDP numbers and tomorrow’s inflation data will remain in focus with Bloomberg highlighting that the “Fed model” suggests that there is still value in US stocks, but only if the Fed cuts rates.


* Oil prices also moved up from recent lows and the WTI future is trading at USD 59.23 per barrel.


* In Euorpe, Stock futures are also pointing to a stabilisation and a slight easing of risk aversion, with European futures moving higher in tandem with US futures. P


* olitical developments also remain in focus in Europe amid a pretty quiet data calendar, although after the French number yesterday and ahead of German HICP tomorrow, Spanish inflation data may attract some attention.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-30_09-17-56.jpg)


Technician’s Corner


* EURUSD – H1 – printed one-week lows of 1.1125, and down for the third straight day. Safe-haven flight into the Dollar has been a driver this week, Worse than expected German unemployment data, along with dovish ECB commentary on rate guidance also weighed on the Euro. Support now comes at last week’s two-year low of 1.1107.


* XAUUSD – H1 – drifted to $1,276.25 slightly below the 200-day EMA, while it remains for a third day in the lower Bollinger Bands pattern. The asset is in a descending triangle since year’s peak. Support could be found in the near term at May 22 low, at $1,272.45, a break of this level could retest year’s strong Support at $1,266.25


Main Macro Events Today


* Gross Domestic Product (USD, GMT 12:30) – The Preliminary GDP is expected to show a revised 2.9% gain in Q1, versus the 3.2% advance figure released last month, following a 2.2% growth rate in Q4.


* Tokyo CPI and Production Data (JPY, GMT 23:50) – The country’s main leading indicator of inflation is expected to have dropped slightly at 1.2% y/y in May. Industrial Production is expected to have improved, growing by 0.2% m/m in April, compared to -0.6% m/m in March, while Retail Sales are expected to have fallen by 0.8% y/y, compared to 1.0% in March.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-30_09-47-35-300x139.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on May 31, 2019, 08:51:51 AM

Date : 31st May 2019.


MACRO EVENTS & NEWS OF 31st May 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-31_09-03-24-696x364.jpg)


FX News Today


* Risk aversion eventually won the day on Thursday, as stocks gave back modest early gains and yields drifted lower from opening highs.


* Bonds rallied as stocks were pressured by President Trump’s announcement that Mexico will be hit by 5% tariffs that will gradually rise to 25% in a bid to curb immigration.


* The latest escalation in the global trade war, coming after China’s manufacturing PMI fell more than expected and is now in contraction territory, added to fears that the world economy is heading for recession and sparked a new rally on global bond markets that left the 10-year Treasury rate down -4.5 bp at 2.168%.


* The WTI future fell back to $55.97 per barrel following the EIA inventory data which showed a 300k bbl fall in crude stocks. The Street had been expecting a 1.0 mln bbl decrease, though the API reported a 5.3 mln bbl draw after the close on Wednesday.


* European stock futures are selling off in tandem with US futures after a largely weaker session in Asia overnight.


* Today’s data calendar will likely underpin the rally in bond markets, with preliminary German and Italian inflation data set to confirm that Eurozone HICP fell back sharply in May, thus adding to the arguments of the doves at the ECB ahead of next week’s council meeting.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-31_09-05-15.jpg)


Technician’s Corner


* USDCAD – H1 – found support under 1.3490 early in the session, later bouncing to 1.3547 highs (Wednesday’s post-BoC high) as Oil prices fell to fresh 2-plus month lows. WTI crude bottomed at $56.78, down from opening highs near $59.20. Year’s high at 1.3660-1.3664 is now the next Resistance level, with Support now at 1.3481, which was yesterday’s low.


* USDJPY – H1 – ran out of steam over 109.90. The pairing has since fallen back under 109.00, taking its cue from Wall Street, which has about squandered all of its earlier gains. The usual talk of Japan exporter offers from the 110.00 mark has been heard, which could have prompted some position squaring ahead of the level. In the bigger picture, trade wars and general risk-off conditions will likely limit further gains going forward. Next Support area between 108.00-108.50.


Main Macro Events Today


* Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The preliminary German HICP inflation for April jumped to 2.1% y/y from 1.4% y/y. However the reading for May is expected to fall back to 1.5% y/y.


* Personal Consumption Expenditures (USD, GMT 12:30) – The April income/consumption report is expected at 0.3% in income. It is also projected to show a 0.3% increase in the PCE chain price index versus a prior 0.2% gain, as well as a 0.2% rise in the core versus unchanged previously. Such gains won’t cause a ripple at the Fed as annual rates remain well below the Fed’s 2% target.


* Gross Domestic Product (CAD, GMT 12:30) – The Q1 GDP is expected to increase to 1.2%, after it  slowed to a 0.4% growth rate in Q4 from 2.0% in Q3 (q/q, saar).


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-31_09-37-17-300x141.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 03, 2019, 07:57:54 AM

Date : 3rd June 2019.


MACRO EVENTS & NEWS OF 3rd June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/05/events_1200x628-1-1068x559.png)


* Trade and geopolitics will continue to dominate the headlines into June along with PM May’s official resignation on Friday. Top of the agenda next week will be the RBA and ECB policy meetings, but a lot of attention will also be on the contemporaneous data on the May US Jobs report, the global PMI outcomes and the European Q1 GDP.


Monday – 03 June 2019


* Caixin Manufacturing PMI (CNY, GMT 01:45) – The Caixin manufacturing PMI is expected to slip into  the neutral zone in May, after the weak Manufacturing PMI signalled contraction yesterday.


* ISM Manufacturing PMI (USD, GMT 14:00) – The ISM index is expected to rise to 53.5 in May from 52.8 in April, compared to a 14-year high of 61.4 in August. Overall, we’ve seen a stabilization in sentiment since the late-2018 pullback.


Tuesday – 04 June 2019


* Retail Sales (AUD, GMT 01:30) – Retail sales are expected to come out lower, standing at 0.2% m/m in April, after drifting to 0.3% increase in March from the 0.9% high in February.


* Interest Rate Decision (AUD, GMT 04:30) –A 25 bp reduction to 1.25% is anticipated from the current 1.50% rate setting as the RBA adds accommodation amid a slowing economy and low inflation. The minutes from the early May policy review were dovish-leaning, adding to the expectation that rates will be reduced in June.


* Consumer Price Index (EUR, GMT 09:00) – The preliminary Euro Area CPI for May is expected to drop back to 1.4% y/y from 1.7%y/y last month. The core inflation is seen at 1.0% y/y from 1.3% y/y.


* Fed’s Chair Powell speech (USD, GMT N/A)


Wednesday – 05 June 2019


* Gross Domestic Product (AUD, GMT 01:30) –  The Gross Domestic Product figure is probably the most important economic data announcement for a country, closely followed by the unemployment rate. The final Q1 Australian GDP is expected to grow to 0.3% from 0.2%.


* ISM Non-Manufacturing PMI (USD, GMT 14:00) – The ISM-NMI index is expected to edge up to 55.7 in April from a 19-month low of 56.1 in March, versus a 13-year high of 60.8 in September.


Thursday – 06 June 2019


* Event of the week – ECB Interest Rate Decision (EUR, GMT 11:45) – The ECB is widely expected to keep policy rates on hold at the June council meeting, but the presser is likely to be very dovish, with the guidance on rates likely to be pushed well into 2020. The details on the new TLTRO programme are also due to be released and are likely to be generous, but rate tiering doesn’t seem to be on the agenda for now, as the assessment of the possible side effects on negative interest rates continues.


Friday – 07 June 2019


* Event of the Week – Non-Farm Payrolls (USD, GMT 12:30)  – Along with Thursday’s employment data, payrolls are important in gauging how many people are employed in non-agricultural businesses. Jobs are expected to have increased in May, at 190k following a 263k increase in April. The unemployment rate should remain steady at 3.6% from April, while average hourly earnings should rise 0.3% m/m, for a y/y gain of 3.2%.


* Employment and Unemployment (CAD, GMT 12:30) – After the 106.5k surge in April employment, which notched a new all-time record 1-month gain, the Canadian unemployment rate is expected to have increased further in May.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 04, 2019, 09:04:36 AM

Date : 4th June 2019.


MACRO EVENTS & NEWS OF 4th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-04_8-53-06.jpg)


FX News Today


* Risk aversion continues to prevail as US Treasuries, JPY , CHF and Gold remain in Bid mode


* Treasury yields did come off highs and the 10-year yield backed up 2.9 bps to 2.100%, after risk aversion and comments from Fed’s Bullard, who said a rate cut may be “warranted soon”, underpinned rate cut speculation and fresh gains in Treasuries yesterday.


* The RBA cut rates to record lows, as expected. The latter helped the ASX to outperform in Asia and move up 0.25%, but elsewhere stock markets were remained under pressure during the Asian, after the NASDAQ closed with a loss of -1.6% yesterday amid selling in the likes of Facebook and Amazon, with speculation of antitrust probes after the US Justice Department and the Federal Trade Commission agreed to split up oversight of tech giants.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-04_9-10-41-696x311.jpg)


Technician’s Corner


* USDAUD – H1 – Ran out of steam at 0.6990, but remains over daily pivot at 0.6960 and trades at 0.6982 as USD continues to soften into European session.  R1 and the psychological 0.7000 next key resistance. R2 at 0.7015 would need a significant deterioration in USD today.


* USDJPY – H1 – Keeps the bid as 108.00 handle is breached once more. S1 sits at 107.80, S2 at 107.56 and S3 at 107.24. Pivot Point and 20 period moving average at 108.10, R1 at 108.37 and R2 108.68. RSI remains north of OS at 34.7, Stochastics in OS zone all of Asian session and remain there. Lower Bollinger band 107.65.


Main Macro Events Today


* Consumer Price Index (EUR, GMT 09:00) – The preliminary Euro Area CPI for May is expected to drop back to 1.4% y/y from 1.7%y/y last month. The core inflation is seen at 1.0% y/y from 1.3% y/y.


* RBA Chair Lowe speech (AUD, GMT 09:30) – Due to speak at the RBA Dinner following today’s meeting – Q&A expected.


* Fed’s Chair Powell speech (USD, GMT 13:55) – Due to speak in Chicago about Federal Reserve’s policy strategy, tools, and communication practices.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-31_09-37-17-300x141.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



Stuart Cowell
Head 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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 06, 2019, 09:42:40 AM

Date : 6th June 2019.


MACRO EVENTS & NEWS OF 6th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-06_09-15-57-696x585.jpg)


FX News Today


* Stock markets struggled during the Asian session, with mainland China bourses underperforming.


* Discussions between the US and Mexico ended without a breakthrough last night, which capped risk appetite, and stock markets struggled for direction during the Asian session.


* GER30 futures as well as US futures are also slightly in the red, despite better than expected German manufacturing data at the start of the session.


* German orders data better than expected, with manufacturing orders rising 0.3% m/m in April, while March data was revised up to 0.8% m/m from the 0.6% m/m reported initially. Still, a better than expected number, although the German manufacturing PMI is still firmly stuck in contraction territory and a real rebound doesn’t seem to be in sight.


* The WTI future remains pressured by EIA inventory data yesterday, but has come up to now $51.71 per barrel, after falling to a low of $57.20 in the wake of the report yesterday.


* Geopolitical trade tensions continue to provide a risk backdrop that is keeping bond markets underpinned amid growing conviction of additional central bank support.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-06_09-15-31.jpg)


Technician’s Corner


* NZDUSD & NZDJPY – were the biggest movers and shakers yesterday in the forex markets, with the pairing and cross showing respective 0.6% and 0.7% gains at prevailing levels, with both modestly off highs. The outperformance of the Kiwi dollar, with buying having been catalyzed by RBNZ assistant governor, Hawkesby, vaulted the pair to a 4-week high at 0.7007. Overnight the pair turned lower to 0.6610, However however this could be a correction of the overbought asset. The overall outlook remains bullish as the asset extends Bollingers to the upside.




* USDJPY – H1 –  fell to 108.04 overnight, while the pair has since rebounded to 108.15 ahead of then London open. Given the slide in Treasury yields however, further upside for the pairing is likely to be limited. The next support level comes at the January 10 low of 107.77.


Main Macro Events Today


* Gross Domestic Product (EUR, GMT 09:00) – The final Q1 results in the Eurozone are expected to remain unchanged, at an annualised rate of 1.2%, and at 0.4% in quarterly basis.


* Event of the week – ECB Interest Rate Decision (EUR, GMT 11:45) – The ECB is widely expected to keep policy rates on hold at the June council meeting, but the presser is likely to be very dovish, with the guidance on rates likely to be pushed well into 2020.


* Trade Balance (USD, GMT 12:30) – The trade deficit is expected to widen slightly in April to -$50.6 bln from -$50.0 bln in March.


* Initial Jobless Claims (USD, GMT 12:30) Initial jobless claims for the week of May 31 are estimated to fall to 213k, after a 3k rise to 215k in the week of May 25.about Federal Reserve’s policy strategy, tools, and communication practices.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-06_09-53-00-300x140.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 07, 2019, 09:15:45 AM

Date : 7th June 2019.


MACRO EVENTS & NEWS OF 7th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-07_09-33-57.jpg)


FX News Today


* Stock markets traded mixed in Asia, with Chinese markets underperforming, ahead of key US jobs data today.


* Hopes that Mexico tariffs may be postponed helped Wall Street to close higher, but Vice President Pence said the US still plans to impose tariffs on Mexico next week ahead of further talks today.


* China’s central bank head sounded relaxed on the Yuan, but stressed that the PBOC still had lots of policy room if the trade war worsens.


* CSI and Shanghai Comp still lost -0.9% and -1.2% respectively and the tech heavy Shenzen Comp fell back more than 2% as Facebook announced that it will no longer preinstall its app on Huawei phones, spelling more trouble for the beleaguered tech company.


* US Stock futures around 0.1% higher and the WTI future continued to climb up from the lows seen in the wake of EIA data Wednesday and is now trading at $53.28 per barrel.


* Ahead of EU open, German trade surplus narrowed as exports slumped, while German industrial production corrected -1.9% m/m in April.


* European stock futures are moving higher, led by a 0.6% rise in the DAX futures, which also ignored the weak April numbers


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-07_09-31-49.jpg)


Technician’s Corner


* EURUSD – has been consolidating in a narrow range in the mid 1.1200s, consolidating the steep losses from 1.1306 that were seen during the London PM/NY morning session yesterday. It is expected that the Dollar would likely hold up better than the Euro in the scenario that further sustained bouts of risk aversion is seen in global markets in the months ahead, with US Treasuries offering the highest risk-free return around, regardless of prevailing market discounting of Fed rate cuts. The pair remains in a bear trend which has been evolving since early 2018. This was reaffirmed by the new two-year low that was printed last month at 1.1107. Resistance comes in at 1.1300-06 and 1.1323-25.


Main Macro Events Today


* Event of the Week – Non-Farm Payrolls (USD, GMT 12:30)  – Along with Thursday’s employment data, payrolls are important in gauging how many people are employed in non-agricultural businesses. Jobs are expected to have increased in May, at 190k following a 263k increase in April. The unemployment rate should remain steady at 3.6% from April, while average hourly earnings should rise 0.3% m/m, for a y/y gain of 3.2%.


* Employment and Unemployment (CAD, GMT 12:30) – After the 106.5k surge in April employment, which notched a new all-time record 1-month gain, the Canadian unemployment rate is expected to have increased further in May.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-06_09-53-00-300x140.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 10, 2019, 07:50:23 AM
Date : 10th June 2019.

MACRO EVENTS & NEWS OF 10th June 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/06/events2_1200x628-1068x559.png)

* Moving into a new week, the focus is now squarely on the UK mess  and the Conservative Party’s leadership contest. Market attention is also honed in on the G20 meeting but also on the US economic data which will be scrutinized for any sign that trade uncertainties are impacting amid a slowing in economic growth.

Monday – 10 June 2019

* Gross Domestic Product (JPY, Sunday GMT 23:50) – Growth in Japan is expected to have increased by 0.4% in the first quarter, slightly lower than last time, reflecting weaker than expected household spending. The annualised outcome is seen at 1.8% after the stronger than expected 2.1% growth.

* Trade Balance (CNY, GMT 02:00) – May’s exports are anticipated to contract to 3.8% y/y, from the 2.7% y/y. The trade balance should grow to $20.5bln in May from $13.83B in March. This report will be consistent with ongoing slowing in China’s domestic economy (falling imports) and the impact of the trade war with the US (drop in exports).

* Industrial and Manufacturing Production (GBP, GMT 08:30) – The two indices are expected to have fallen back to 0.1% m/m and 0.2% m/m in April, confirming that the sector is back in contraction.

Tuesday – 11 June 2019

* Average Earnings Index 3m/y (GBP, GMT 08:30) – UK Earnings with the bonus-included figure are expected to rise to 3.4% y/y in the three months to April, up from 3.2%y/y in March.

* ILO Unemployment Rate(GBP, GMT 08:30) – UK unemployment is expected slightly higher at 3.9%, after it unexpectedly fell to 3.8% in March, which was the lowest rate seen since December 1974.

Wednesday – 12 June 2019

* Consumer Price Index (CNY, GMT 01:30) – May’s Chinese CPI is expected to grow to 2.7% y/y following the rise of 2.5% y/y in April.

* Consumer Price Index and Core (USD, GMT 12:30) – May’s CPI has been estimated at a 0.1% gain in headline CPI with a 0.2% increase in core prices, following respective April readings of 0.3% and 0.1%. As-expected gains would result in a headline y/y gain of 1.9%, down from 2.0% in April, while core prices should rise 2.1%, a steady pace from April. Overall, the inflation outlook remains benign, though with an updraft into the end of Q1 and early Q2 from a petroleum price rebound that lost steam into May.

Thursday – 13 June 2019

* Employment Data (AUD, GMT 01:30) – While the Unemployment Rate is projected to have flipped at 5.1% in May, Employment change is expected to have eased, increasing by 14K compared to 28.4K last month.

* Harmonized Index of Consumer Prices (EUR, GMT 06:00) – The German HICP inflation fell back in April to 1.3% y/y from 2.1% y/y. In May however, it is expected to rise to 2.1% y/y again.

* SNB Interest Rate Decision and Press Conference (CHF, GMT 07:30) – The SNB is not expected to surprise markets as the Swiss rate is forecast to remain at -0.75%. However, the recent strengthening of the Swiss franc will have rekindled SNB concerns of its disinflationary impact.

Friday – 14 June 2019

* Retail Sales and Industrial Production (USD, GMT 12:30) – Retail Sales are expected to have grown by 0.6% for May and 0.3% for ex-auto sales, following a -0.2% figure for the April headline and a 0.1% increase in ex-autos. Industrial production is projected at 0.6% in May, after a -0.5% reading in April.

* Michigan Consumer Sentiment Index (USD, GMT 14:00) – The preliminary result of the Sentiment Index is expected to show a return to April’s number below 100, and more specifically to 98.

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 11, 2019, 07:51:59 AM

Date : 11th June 2019.


MACRO EVENTS & NEWS OF 11th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-11_09-18-43-696x239.jpg)


FX News Today


* Stock markets continued to move higher during the Asian session, once again led by China after the US-Mexico deal also revived hopes of a US-Sino deal, despite Trump’s comments.


* President Trump: China deal is going to work out; but no deal means more tariffs.He said that he is ready to impose another round of tariffs on Chinese imports if there is no progress in talks with China’s President at the June 28-29 G20 summit.


* The expectations that China will ramp up stimulus programs to boost the flagging economy were boosted by news that China will allow local government to use proceeds from special bonds as capital for major investment projects.


* European stock futures are also moving higher as are US futures.


* US futures are up 0.3-0.4% and the WTI future is trading at $53.74 per barrel.


* The yen crosses lifted higher as the Japanese currency lost ground as the relief rally on easing trade tensions in equity markets continued.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-11_09-34-12.jpg)


Technician’s Corner


* USDJPY lifted by over 30 pips in the hours after the Tokyo fixing today. USDJPY printed an intraday high at 108.64, but has so far remained shy of yesterday’s 11-day peak at 108.71. This week it has breached above its prior-week peak for only the second time out of the last 7 weeks. The pair could continue to hold a better footing for now, especially with the planned meeting between top-level US and Chinese officials at the upcoming G20 serving to arrest what had started seem an irrevocable downward spiral in relations between Washington and Beijing. It has support 108.32-35, and resistance at 108.91-94.


* EURUSD moved back above the 1.1300 mark, though well under Friday’s near 3-month high of 1.1347. The pricing in of US rate cuts will limit EURUSD’s downside potential going forward, though the ECB’s dovish policy stance will limit the Euro’s advances. As a result, range trade mentality may be in the cards for the time being. Support comes at Friday’s 1.1252 bottom, with resistance at Friday’s high, then the 200-day moving average at 1.1367.


* Gold Futures retreated from Friday’s near 4-month high of $1,347.70, falling to $1,325. The moderate sell-off was driven by the return of risk-on conditions. The news that the US would not impose tariffs on Mexican goods helped the Dollar recover and saw yields and equity markets move higher, all gold-negatives.


Main Macro Events Today


* Average Earnings Index 3m/y (GBP, GMT 08:30) – UK Earnings with the bonus-included figure are expected to rise to 3.4% y/y in the three months to April, up from 3.2%y/y in March.


* ILO Unemployment Rate(GBP, GMT 08:30) – UK unemployment is expected slightly higher at 3.9%, after it unexpectedly fell to 3.8% in March, which was the lowest rate seen since December 1974.


* Producer Price Index ex Food & energy (USD, GMT 12:30) – A flat rate is anticipated for headline PPI in May, and a 0.2% rise in the core index.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-11_09-34-42-300x136.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 12, 2019, 08:00:34 AM

Date : 12th June 2019.


MACRO EVENTS & NEWS OF 12th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-12_08-53-53.jpg)


FX News Today


* Market sentiment turned cautious again ahead of the G-20 summit.


* Bund yields declined from the off, as Treasuries rallied following President Trump’s criticism.


* President Trump said it is he who is holding up the China trade deal until the country returns to agreed terms. He also stepped up his criticism of the Fed, saying rates are “way too high“.


* He also stated that the EUR and other currencies devalued against the Dollar.


* Stock market sentiment turned cautious again and Asian markets are mostly in the red, as are European and US futures.


* This underpinned Treasury yields and saw yields coming down again. A -1.74% decline in the Hang Seng led broad losses in Asian stock markets, amid protests in the city and signs of rising funding costs.


* The WTI future fell back below the $53 per barrel market.


* The European data calendar is focusing on UK inflation numbers and ECB’s Draghi is set to speak amid signs that council members are split on the assessment of inflation expectations.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-12_09-36-00.jpg)


Technician’s Corner


* EURUSD is trading at 1.335 maintained a narrow trading band, with the Dollar overall largely in a holding pattern, following fairly steep losses seen over the past week or so. The pricing in of US rate cuts will limit EURUSD’s downside potential going forward, though the ECB’s dovish policy stance will limit the Euro’s advances. As a result, range trade mentality may be in the cards for the time being. Support comes at Friday’s 1.1252 bottom, with Resistance at Friday’s high of 1.1347, then the 200-day moving average at 1.1367.


Main Macro Events Today


* ECB’s President Draghi speech (EUR, GMT 08:15)


* Consumer Price Index and Core (USD, GMT 12:30) – May’s CPI has been estimated at a 0.1% gain in headline CPI with a 0.2% increase in core prices, following respective April readings of 0.3% and 0.1%. As-expected gains would result in a headline y/y gain of 1.9%, down from 2.0% in April, while core prices should rise 2.1%, a steady pace from April. Overall, the inflation outlook remains benign, though with an updraft into the end of Q1 and early Q2 from a petroleum price rebound that lost steam into May.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-11_09-34-42-300x136.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 13, 2019, 07:34:05 AM

Date : 13th June 2019.


MACRO EVENTS & NEWS OF 13th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-13_09-02-42.jpg)


FX News Today


* Treasury yields have fallen back -1.2 bp to 2.108%, as weaker than expected CPI numbers out of the U.S. yesterday adding to speculation of rate cuts in the US.


* Fed funds futures price in about 80% chance for rate cut by by end of July.


* Asian bond markets were mostly supported, although JGBs corrected and the 10-year yield moved up 0.5 bp to -0.118% as a stronger Yen curbed investor appetite for Japanese assets.


* Stock markets mostly remained under pressure in Asia, with the Hang Seng declining -0.79% as large political demonstrations continue to unsettle investors.


* In Europe German HICP for May was confirmed at just 1.3% y/y this morning, which together with the decline in market based indicators for inflation expectations will also keep easing speculation alive as stock markets remain weighed down by geopolitical trade jitters.


* Oil prices continued to decline, with trade jitters continuing to weigh on sentiment and the  WTI future is currently trading at USD 51.43 per barrel, up from yesterday’s lows, following the EIA inventory data which showed a 2.2 mln bbl rise in crude stocks.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-13_09-26-05.jpg)


Technician’s Corner


* WTI crude fell at $50.70 following the EIA inventory data which showed a 2.2 mln bbl rise in crude stocks. The street had been expecting a 0.5 mln bbl decrease, though the API revealed a 4.9 mln bbl build after the close on Tuesday. Overall, a fairly bearish report, which added further pressure on the USOIL downtrend. In the near-term the outlook remains bearish as well, while only a break above 52.80 could suggest a short term reversal to the upside.


Main Macro Events Today


* SNB Interest Rate Decision and Press Conference (CHF, GMT 07:30) – The SNB is not expected to surprise markets as the Swiss rate is forecast to remain at -0.75%. However, the recent strengthening of the Swiss franc will have rekindled SNB concerns of its disinflationary impact.


* Unemployment Claims (USD, GMT 12:30) – Initial jobless claims for the week of June 7 are estimated to fall to 217k, after holding at 218k in the week of June 1.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-11_09-34-42-300x136.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 14, 2019, 08:44:27 AM

Date : 14th June 2019.


MACRO EVENTS & NEWS OF 14th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-14_09-45-33-696x341.jpg)


FX News Today


* Tense geopolitical events in the Mid East injected some risk in the market, providing a boost to bonds after reports surfaced overnight that two oil tanker were damaged off the coast of Iran.


* Stock markets traded mixed in Asia with Hong Kong and China bourses under-performing.


* Australian yields marked new record lows amid concern that geopolitical trade tensions will hit global growth and prompt central banks to step up easing measures.


* The FTSE 100 future is posting fractional gains as Brexit supporter Boris Johnson emerges as the clear favorite to win the leadership contest in the conservative party and succeed Teresa May.


* Investors await data releases that are expected to show ongoing weakness in the economy.


* The WTI future is at USD 52.16 per barrel after yesterday’s attacks.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-14_09-45-16.jpg)


Technician’s Corner


* EURUSD headed to 1-week lows of 1.1269 at mid-morning, and it is now traded higher at 1.1277 area. Trade this week has been centered on the 1.1300 mark, and further consolidation is expected ahead of next week’s FOMC policy announcement. There is not much of a chance for a rate move next week, but the FOMC is expected to make an important change in its statement, removing the word “patient” and likely replacing it with language similar to Powell’s comment from June 4 where he said the Fed will be “closely monitoring the implications of these developments” on trade and other matters. Until then, EURUSD can be expected to remain between its 50-day moving average at 1.1219, and its 200-day moving average at 1.1363.


* USDJPY has been rangebound,topping at 108.53 before later ebbing back to 108.23 lows. Treasury yields however, continue under pressure following benign CPI on Wednesday, and soft import prices early on Thursday, putting some pressure on the Dollar. As a result, USDJPY has been nearly static. Further consolidation is expected into next Week’s Fed policy announcement.


Main Macro Events Today


* Retail Sales and Industrial Production (USD, GMT 12:30) – Retail Sales are expected to have grown by 0.6% for May and 0.3% for ex-auto sales, following a -0.2% figure for the April headline and a 0.1% increase in ex-autos. Industrial production is projected at 0.6% in May, after a -0.5% reading in April.


* Michigan Consumer Sentiment Index (USD, GMT 14:00) – The preliminary result of the Sentiment Index is expected to show a return to April’s number below 100, and more specifically to 98.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-14_09-46-51.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 17, 2019, 07:58:19 AM
Date : 17th June 2019.

MACRO EVENTS & NEWS OF 17th June 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/06/events2_1200x628-1068x559.png)

* A policy-packed week, with monetary policy meetings in the world’s major economies (Fed, BoJ, BoE), and the potential for guidance regarding future interest rate actions, albeit cuts in the prevailing rates are expected. In the UK, the voting race begins for the next Prime Minister. On the data front, focus turns on inflation and Retail sales.

Monday – 17 June 2019

* Inflation Report Hearings (GBP, GMT N/A) – The BoE Governor and several MPC members testify on inflation and the economic outlook before the Parliament Treasury Committee.

Tuesday – 18 June 2019

* RBA Minutes (AUD, GMT 01:30) – The RBA Minutes are expected to shed some light regarding an eventual rate hike (RBA is cautiously optimistic on growth and inflation).

* Consumer Price Index (EUR, GMT 09:00) – Prices are expected to fall in May to just 0.3%m/m from 0.7%, whilst the overall inflation is expected to stand unchanged at 1.2%y/y.

* ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for June is expected to rise slightly at -0.5 compared to -2.1 last month, however the negative reading means pessimists once again outnumber optimists and that escalation in US-Sino trade relations affects the outlook.

Wednesday – 19 June 2019

* Consumer Price Index (GBP, GMT 08:30) – Prices are expected to move up in May, with overall inflation to increase at 2.2% y/y, compared to 2.1% y/y last month.

* Consumer Price Index and Core (CAD, GMT 12:30) – May CPI is expected to run at a 2.0% y/y pace, matching the 2.0% clip in April and coming in just ahead of the 1.9% clip in March. Hence, the focus is on the “core” CPI figures.

* Event of the week – Interest rate Decision and Conference (USD, GMT 18:00) –Fed easing expectations have plateaued (Fed funds futures now fully discounting a 25 bp rate cut by the July FOMC). Although, there is not much of a chance for a rate move next week, but the FOMC is anticipated to make an important change in its statement, removing the word “patient” and likely replacing it with language similar to Powell’s comment from June 4 where he said the Fed will be “closely monitoring the implications of these developments” on trade and other matters.

* Gross Domestic Product (NZD, GMT 22:45) – The Q1 GDP is expected to grow at 0.7% compared to 0.6% last quarter, while the annualised rate should fall to 1.8% from 2.3%.

Thursday – 20 June 2019

* Interest Rate Decision (JPY, GMT 02:00) –The BoJ should maintain its current extraordinary level of stimulus as they wait and see how global growth progresses this year. Hence policy is expected steady once again. Among the core central banks, the BoJ is firmly poised to be “low for longest”.

* Interest rate Decision and Conference (GBP, GMT 11:00) – BoE should remain on hold now until the Brexit D-day, while the Brexit process has essentially been frozen in motion as the Conservatives go about the business of selecting a new party leader/prime minister. If the transition runs smoothly we could see another 25 bp hike quickly thereafter. The consensus forecasts suggest no change in the policy rate in this meeting and an unchanged 9-0 MPC voting.

Friday – 21 June 2019

* Markit Manufacturing PMI (EUR, GMT 07:30) – The Preliminary Manufacturing PMIs in Germany and Eurozone are expected to increase in June, to 44.5 and 48.1 respectively.


* Retail Sales and Core (CAD, GMT 12:30) – Canadian sales are expected to slip 1% in April, with a 0.9% gain excluding autos, following a 1.1% figure for the March headline and a 1.7% increase ex-autos.


* Markit Manufacturing PMI (USD, GMT 13:45) – The Preliminary Manufacturing and Services PMIs are expected to increase in June, to 52.5 and 53.2 respectively.

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 18, 2019, 07:53:31 AM

Date : 18th June 2019.


MACRO EVENTS & NEWS OF 18th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-18_09-09-01.jpg)


FX News Today


* Wall Street was managed modest gains, supported by a better than 1% rise in industrials which offset a drop in materials. The markets generally shrugged off a sharp drop in the Empire State manufacturing index and a weaker than expected NAHB housing market index.


* Asia stock market gains were capped by caution ahead of the Fed meeting.


* Topix and Nikkei lost -0.88% and -0.81% respectively as the Yen strengthened, the Hang Seng continued to recover and moved up 0.70% after being pressured by political protests last week.


* The ASX gained 0.54% after getting cut a boost from RBA meeeting minutes signaling another rate cut could be underway.


* GER30 and UK100 futures are trading narrowly mixed.


* US futures are slightly in the red.


* Speculation that the Fed will signal rate cuts is mounting and in Europe ECB officials seem to be readying further easing measures, while the BoE is widely expected to remain on hold amid ongoing Brexit uncertainty.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-18_09-30-05.jpg)


Technician’s Corner


* AUDUSD also fell to a 5-month low, at 0.6833. The underperformance of the Australian follow was catalyzed by the release of the RBA minutes to the June policy meeting, which saw the central bank cut its cash rate to a record low of 1.25%. The minutes showed that the RBA is of a mind to ease policy again, as soon as July, given prevailing concerns about unemployment and disinflation. AUDJPY pegged below 3-year lows at 74.50, hence next Support is at June 2016 low at 72.40 .


* GBPJPY has hit fresh lows, and the yen has remained bid amid a backdrop of continued sputtering in global stock markets. GBPJPY daily volatility has fallen from 140 pips in February to less than 120 today. Key Support levels for both pairs sit at 133.80 and 132.30 respectively.


Main Macro Events Today


* Consumer Price Index (EUR, GMT 09:00) – Prices are expected to fall in May to just 0.3%m/m from 0.7%, whilst the overall inflation is expected to stand unchanged at 1.2%y/y.


* ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for June is expected to rise slightly at -0.5 compared to -2.1 last month, however the negative reading means pessimists once again outnumber optimists and that escalation in US-Sino trade relations affects the outlook.


* BoE’s Governor Carney speech (GBP, GMT 14:00)


* ECB’s President Draghi speech (EUR, GMT 14:00)


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-18_10-00-49.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 19, 2019, 08:00:58 AM

Date : 19th June 2019.

MACRO EVENTS & NEWS OF 19th June 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-19_09-40-11-696x651.jpg)

FX News Today

* Expectations that global central banks will add further stimulus to underpin the global economy and fresh hopes that global trade tensions will be resolved through talks after all underpinned stock markets during the Asian session.

* US President Trump tweeted yesterday that he will meet China’s President Xi Jinping at the G-20 meeting, which helped to lift CSI 300 and Shanghai Comp 1.96% and 1.50% respectively.

* Bond markets closed below highs yesterday and the gains are likely to erode further today as the focus shifts to the FOMC announcement.

* GER30 and UK100 futures are slightly in the red with profit taking and renewed caution capping the room for further gains.

* German PPI data at the start of the session came in lower than anticipated.

* The WTI future benefited from fresh trade talk hopes and is trading marginally above the USD 54 per barrel mark.

Charts of the Day

(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-19_09-33-41-1.jpg)

Technician’s Corner

* USDJPY has drifted moderately lower, to levels around 108.26. The dip reflects a pick up in demand for the Yen. Overall, directional impulse has been limited in forex markets with participants hunkered down ahead of the Fed policy announcement later on Wednesday. All eyes will be on the Fed, where there is risk of disappointment given the level of expectation for a strong dovish guidance. USDJPY is presently sitting near the midway of a choppy sideways range that’s been unfolding for nearly 3 weeks now. The range over this time has been 107.81 – 108.80. Support comes in at 108.00-06.

* USDCAD – The Canadian dollar, buoyed by a 4.5%-plus rally in Oil prices over the last day, has seen some moderate outperformance, which has taken USDCAD to a 3-session low at 1.3365. Underpinning Oil prices (aside from Mideast geopolitics) and equity markets have been hopes for a strongly dovish signal from the Fed today, yesterday’s dovish shift by the ECB chief, and news that President Trump will be meeting with President Xi at the upcoming G20, and that ministerial-level trade negotiations will be recommencing. For the pair, Support holds at 1.3354 and 1.3336, while Resistance is at 1.3390-1.3400.

Main Macro Events Today

* Consumer Price Index (GBP, GMT 08:30) – Prices are expected to move up in May, with overall inflation to increase at 2.2% y/y, compared to 2.1% y/y last month.

* Consumer Price Index and Core (CAD, GMT 12:30) – May CPI is expected to run at a 2.0% y/y pace, matching the 2.0% clip in April and coming in just ahead of the 1.9% clip in March. Hence, the focus is on the “core” CPI figures.

* Event of the week – Interest rate Decision and Conference (USD, GMT 18:00) –Fed easing expectations have plateaued (Fed funds futures now fully discounting a 25 bp rate cut by the July FOMC). Although, there is not much of a chance for a rate move next week, but the FOMC is anticipated to make an important change in its statement, removing the word “patient” and likely replacing it with language similar to Powell’s comment from June 4 where he said the Fed will be “closely monitoring the implications of these developments” on trade and other matters.

* Gross Domestic Product (NZD, GMT 22:45) – The Q1 GDP is expected to grow at 0.7% compared to 0.6% last quarter, while the annualised rate should fall to 1.8% from 2.3%.

Support and Resistance levels

(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-18_10-00-49.jpg)

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)


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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 20, 2019, 07:56:40 AM

Date : 20th June 2019.

MACRO EVENTS & NEWS OF 20th June 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-20_09-04-36-696x598.jpg)

FX News Today

* Stock markets continued to rally in Asia, underpinned by hopes of further easing and progress on the trade front at the G-20 meeting and European stock futures are moving higher in tandem with US futures.

* The BoJ left policy settings unchanged, but highlighted downside risks, especially for overseas economies.

* Hopes of further central bank stimulus and progress on the trade front at the G20 meeting meanwhile are keeping stock markets underpinned and Nikkei and Topix moved up 0.32% and 0.64% respectively.

* The Dollar has rotated lower after the Fed.

* FOMC held rates steady as expected, but shifted to an unambiguously dovish gear, noting that “uncertainties about this outlook have increased” while issuing a larger than expected downgrade in the dots as Chairman Powell refrained from using “transitory” to describe low inflation, marking a downshift in the inflation view.

* Some follow-through Dollar selling looks likely even in the London interbank market though increasingly dovish arguments at the ECB and other major central banks should curtail the US currency’s downside potential.

* The WTI future is 54.67 trading at USD 54.57 per barrel.

* In Europe, the BoE is also widely expected to keep monetary policy settings unchanged, but markets will be looking for signs that the BoE will at least drop the tightening bias as the global backdrop deteriorates

Charts of the Day

(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-19_09-33-41-1.jpg)

Technician’s Corner

* EURUSD printed 1.1283 highs, up from opening lows of 1.1225. The modest rally has been attributed to position adjustments ahead and post the FOMC announcement. Next Resistance for the asset holdws at  1.1288 and the round 1.1300. Support is set at 1.1245-1.1254.

* USDCAD – The Canadian Dollar, was the biggest mover, dropping by nearly 1% in making a four-month low at 1.3223. A strong rally in oil prices has catalysed a strong bid for the Canadian dollar. The WTI crude prices are up by nearly 3% since the Fed’s announcement, and are up by 5.7% from week-ago levels. Hence since the pair has broke the Support at Friday’s low ,the strong bullish mix of developments for CAD, opens the doors towards February-March lows, between the 1.3060-1.3140 area. Immediate Support meanwhile, is set at the round 1.3200 level.

Main Macro Events Today

* Retail Sales (GBP, GMT 08:30) – UK sales are expected to slip -0.5% in May, with a big yearly slip at 2.7%, following a 5.2% figure for the April.

* Interest rate Decision and Conference (GBP, GMT 11:00) – BoE should remain on hold now until the Brexit D-day, while the Brexit process has essentially been frozen in motion as the Conservatives go about the business of selecting a new party leader/prime minister. If the transition runs smoothly we could see another 25 bp hike quickly thereafter. The consensus forecasts suggest no change in the policy rate in this meeting and an unchanged 9-0 MPC voting.

* Philly Fed Manufacturing Index (USD, GMT 12:30) – The Empire State index is estimated to fall to 12.0 in June from 17.8 in May, versus a 2-year low of 3.7 in March. The Philly Fed index is seen falling to 11.0 in June from 16.6 in May, versus a 33-month low of -4.1 in February. The producer sentiment readings all moderated through the turn of the year from elevated levels in response to global growth concerns, falling petroleum prices, fears about the ongoing trade war, and the partial government shutdown.

Support and Resistance levels

(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-20_09-36-05.jpg)

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)


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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 21, 2019, 08:10:53 AM

Date : 21st June 2019.


MACRO EVENTS & NEWS OF 21st June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-21_09-20-07.jpg)


FX News Today


* Thursday’s rally on Wall Street failed to boost Asian markets, which struggled as the impact of easing hopes following dovish comments from Fed, BoJ and ECB faded and trade angst returned.


* US-Iran tensions also weighed on sentiment. The New York Times reported that US President Trump had actually approved military strikes after Iran shot down a US military drone, but pulled back from launching the attacks.


* The Nikkei fell back -0.8%, although the Shanghai Comp still managed a gain of 0.5% amid lingering hopes of progress on US-Sino trade talks ahead of the leaders meeting at the sidelines of the G-20 meeting next week.


* The USA500 managed a record high yesterday as markets position for rate cuts, but US futures are slightly in the red after a cautious session in Asia and GER30 futures are also down.
Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-21_09-19-37.jpg)


Technician’s Corner


* USOIL advanced as much as 6%, up over $3, at June highs of $57.37. The downing of a US drone in the Persian Gulf got the rally rolling, with gains since coming following a Trump tweet, which just said “Iran made a very big mistake!”Following the tweet, prices moved up from near $56.20 to session highs. Immediate Support today hold at $56.00, while on the break of it 55.20 could be retested. On the flipside, Resistance $58.50-59.00 as stated in our post yesterday.


* Cable has lost upside traction, with the pair having settled 25-35 pips below the highs. The BoE trimmed its Q2 GDP growth estimate to 0.0% q/q from 0.2% while stating that inflation remains well anchored. Cable earlier printed an 8-day high at 1.2727. The Pound has fared less well against the Euro, losing ground today against the common currency. The UK currency has been trading with a 10-15% trade-weighted Brexit discount since the vote to leave the EU in June 2016, and this is not expected to change. Cable has resistance at 1.2730 and Support at 1.2665.


Main Macro Events Today


* Markit Manufacturing PMI (EUR, GMT 07:30) – The Preliminary Manufacturing PMIs in Germany and Eurozone are expected to increase in June, to 44.5 and 48.1 respectively.


* Retail Sales and Core (CAD, GMT 12:30) – Canadian sales are expected to slip 1% in April, with a 0.9% gain excluding autos, following a 1.1% figure for the March headline and a 1.7% increase ex-autos.


* Markit Manufacturing PMI (USD, GMT 13:45) – The Preliminary Manufacturing and Services PMIs are expected to increase in June, to 52.5 and 53.2 respectively.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-20_09-36-05.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 24, 2019, 07:16:33 AM

Date : 24th June 2019.


MACRO EVENTS & NEWS OF 24th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/events2_1200x628-1068x559.png)


* Last week of June ahead, with a caution turning into Osaka G20 meeting and the coveted Trump-Xi meeting. Market attention is also honed in on any trade escalations but also on next week’s inflation data which could have an impact on ECB’s next move.


Monday – 24 June 2019


* German IFO (EUR, GMT 08:00) – June German IFO business confidence is expected to hold at 97.3, after it unexpectedly fell back to 97.9 in May from 99.2.


* Trade Balance (NZD, GMT 22:45) – The overall trade deficit of New Zealand is expected to have declined to $5.32 billion in May, compared to $5.48 billion in April.


Tuesday – 25 June 2019


* OPEC Meetings – OPEC meetings are usually held in Vienna and are attended by representatives from 15 oil-rich nations.


* CB Consumer Confidence (USD, GMT 14:00) – The Consumer Confidence is expected to slip to 133.5 in June from 134.1 in May, versus a 16-month low of 121.7 as recently as January and an 18-year high of 137.9 in October. Overall, confidence measures remain historically high.


* Fed’s Chair Powell speech (USD, GMT 17:00)


Wednesday – 26 June 2019


* Interest rate Decision and Conference (NZD, GMT 02:00) – RBNZ held rates steady at 1.75% in May, and this is expected to remain the case again in next week’s meeting. As Orr stated “We expect to keep the OCR at this expansionary level for a considerable period of time.” So no change in the rate setting is anticipated into 2019.


* Durable Goods (USD, GMT 12:30) – Durable goods orders are expected to be flat in May, after a -2.1% figure in April. Transportation orders should fall -0.5%. Boeing orders fell to just zero from a dismal 4 in April, with the hit from problems with the Boeing 737 Max that prompted buyers to delay new purchase commitments.


Thursday – 27 June 2019


* Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The German HICP inflation is expected to be unchanged to 1.3% y/y.


* US Final Gross Domestic Product (USD, GMT 12:30) – The final release of the Q1 GDP growth rate is expected unchanged from 3.1%, with downward revisions of -$6 bln for service consumption and -$1 bln for factory inventories.


* Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have grown at 1.3% y/y in June, and at 1.2% y/y ex Fresh Food. Industrial Production should post a 2.6% decline y/y in May, compared to -1.1% in April.


Friday – 28 June 2019


* Gross Domestic Product (GBP, GMT 08:30) – The Q1 GDP could be seen falling to 0.2%q/q  from the preliminary reading seen in May at 0.5%q/q. The ONS stats office noted there was a “dramatic fall” in UK car production in April, which was pinned squarely on Brexit uncertainty.


* Consumer Price Index (EUR, GMT 09:00) – The preliminary Euro Area CPI for June is anticipated to rise to 1.3% y/y from 1.2%y/y last month. The core inflation is seen at 1.0% y/y from 0.8% y/y.


* US Personal Spending (USD, GMT 12:30) – A 0.3% gain is seen in personal income in May after a 0.5% increase in April, alongside a 0.3% rise in May consumption.


* Chicago PMI  and Michigan Index (USD, GMT 13:45-14:00) – The Chicago PMI should be 55.0 from 54.2 last month. Michigan Index is the main US consumer confidence index and it is expected to remain flat following the drop to 97.9 from an 8-month high of 100.0 in May.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 25, 2019, 07:17:06 AM

Date : 25th June 2019.


MACRO EVENTS & NEWS OF 25th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-25_09-01-03.jpg)


FX News Today


* Treasury yields extended declines in a quiet and cautious Monday action.


* The front end and belly of the curve mostly led the way on safe haven flows and as the FOMC’s more dovish than expected twist last Wednesday continued to support.


* Equities were little changed after a narrow, range bound trade.


* Tensions with Iran continued to drive cash into the safety of Treasuries, especially after President Trump announced he was placing more sanctions against its supreme leader and other top Iran officials has closed the path to a diplomatic solution (on the Ayatollah Khamenei, personally).


* US futures are down -0.2-0.5% as traders await Powell’s speech today.


* TheWTI future saw a high of $57.98 per barrel before pulling back slightly to now $57.45.


* Wall Street was in a more wait-and-see mode on the geopolitical risks, and as global markets await the U.S.-China trade talks at the G20 later in the week.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-25_09-28-19.jpg)


Technician’s Corner


* EURUSD printed fresh 3-month highs just over 1.1411, up from 1.1380 lows at the open. The Euro moved to session highs after the weaker Dallas Fed index. The pairing ran into sellers at 1.1400, seeing a pullback to 1.1386 lows. Prospects for a July Fed rate cut continue to weigh on the Dollar, though soft EU data are likely to push the ECB toward further stimulus over the next few months, largely offsetting potential Fed policy easing. The March 20 high of 1.1448 is the next resistance level.


* Gold has printed five-plus year highs of $1,439.11, up from opening lows of $1,418.17. US/Iran tensions, along with potential for a Fed rate cut in July, and a weaker Dollar have all combined to put a bid under gold prices. The contract can be expected to remain in buy-the-dip mode for the foreseeable future, and continue to benefit from safe-haven flows on any fresh clashes in the Mideast.


Main Macro Events Today


* NO OPEC Meeting in June –The dates of the separate OPEC ministerial meeting and of OPEC and its allies, known as OPEC+, have been changed to July 1-2, from June 25-26.


* CB Consumer Confidence (USD, GMT 14:00) – The Consumer Confidence is expected to slip to 133.5 in June from 134.1 in May, versus a 16-month low of 121.7 as recently as January and an 18-year high of 137.9 in October. Overall, confidence measures remain historically high.


* Fed’s Chair Powell speech (USD, GMT 17:00)


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-20_09-36-05.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 26, 2019, 07:51:37 AM

Date : 26th June 2019.


MACRO EVENTS & NEWS OF 26th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-26_09-04-45.jpg)


FX News Today


* A less than dovish comment from Fed dove Bullard, with the Chairman Powell soothed a bit, and along with the usual trade uncertainty and US-Iran concerns, all combined with softer US data to take Wall Street and Treasury yields lower overnight.


* Hence in Asia session, the rally on bond markets run out of steam and stocks struggled as optimism on an immediate rate cut from the Fed and a breakthrough in US-Sino trade talk fades.


* Fed Chair Powell repeated the phrase the Fed is “closely monitoring“. He highlighted downside risks to the economy again, but didn’t go beyond last week’s guidance on rates.


* Presidents Trump and Xi are likely to meet on Saturday, where they may agree to reopen trade talks.


* Source stories meanwhile suggest that the US is willing to suspend the next round of China tariffs if trade talks resume, but Trump and Xi Jinping are not expected to agree on a detailed trade deal at the G-20 meeting.


* Against that background stock markets struggled during the Asian session. Topix and Nikkei corrected -0.71% and -0.70% respectively


* The RBNZ kept rates at record lows, but said further cuts may be needed.


* The WTI future is trading at $59.10 per barrel amid US-Iran tensions.


* German consumer confidence deteriorates. It fell back to 9.8 in the advance July reading. This is the lowest number since April 2017.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-26_09-06-15.jpg)


Technician’s Corner


* EURCHF has found a footing into 1.10 area after coming under significant pressure last week, in the wake of ECB President Draghi’s eyebrow raising dovish shift, which has been the most notable of a growing chorus of dovish voices on the central bank’s governing council. Assuming the ECB remains on the path of further monetary policy easing ,the EURCHF  is expected to retain a declining bias. The SNB’s -0.75% deposit rate and threat of tactical intervention hasn’t been sufficient to arrest recent appreciation of the Franc.


Main Macro Events Today


* ECB’s Mersch speech (EUR, GMT 08:00)


* BoE’s Governor Carney speech (GBP, GMT 09:00)


* Durable Goods (USD, GMT 12:30) – Durable goods orders are expected to be flat in May, after a -2.1% figure in April. Transportation orders should fall -0.5%. Boeing orders fell to just zero from a dismal 4 in April, with the hit from problems with the Boeing 737 Max that prompted buyers to delay new purchase commitments.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-26_09-29-45.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 27, 2019, 07:52:47 AM

Date : 27th June 2019.


MACRO EVENTS & NEWS OF 27th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-27_09-18-55.jpg)


FX News Today


* Treasuries were weaker Wednesday after a poorly subscribed 5-year auction, while aggressive Fed rate cut expectations continued to be priced out.


* Also other bond markets in Asia, which were under pressure as stocks moved higher.


* Markets are pinning their hopes on Saturday’s meeting between Trump and Xi Jinping at the side-lines of the G-20 meeting with reports that the U. is willing to hold off further tariffs for now helping to bolster confidence.


* At the same time, President Trump threatened additional China tariffs if there is no agreement.


* Still, without a firm and formal agreement in place risks of set backs remain high, especially as US.-Iran tensions and in Europe no-deal Brexit scenarios provide a risky backdrop.


* European stock futures are moving higher in tandem with US futures after broad gains in Asia.


* WTI crude surged to 4-week highs on API data showing big US inventory drop.


* USD is trading mixed today after rallying Tuesday on Fed’s walk back of dovish guidance.


* JPY down, Dollar bloc currencies up quite sharply on US-China optimism.


* GBP is underperforming again on persisting Brexit related demand-supply imbalance.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-27_09-20-52.jpg)


Technician’s Corner


* EURUSD rallied to 1.1391 highs, after bouncing from the session low at 1.1348, which is also the 200-day moving average. The pairing has since run into sellers in front of the 1.1400 mark, settling in under 1.1360. Softer US data weighed on the Dollar, though Fed Chair Powell’s more neutral stance on policy may tone down market’s aggressive easing potential, likely to limit EUR gains going forward. In addition, increasing prospects for further ECB easing should also keep a cap on EURUSD.


* AUDJPY has been the biggest mover,  rising about 0.5% in printing a 16-day high at 75.62. The Yen weaken as markets opted for risk-on positioning ahead of the G20 summit. USDJPY posted an eight-day high at 108.13. This price action came as Chinese markets led broader gains across Asian stock markets, which propelled the MSCI Asia-Pacific index up by 0.6%. Meanwhile, as AUDJPY seems overbought outside from upper Bollinger Bands pattern, Some correction could be seen with immediate Support at 75.33. Resistance holds at 75.67 and 75.80.


Main Macro Events Today


* Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The German HICP inflation is expected to be unchanged to 1.3% y/y.


* US Final Gross Domestic Product (USD, GMT 12:30) – The final release of the Q1 GDP growth rate is expected unchanged from 3.1%, with downward revisions of -$6 bln for service consumption and -$1 bln for factory inventories.


* Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have grown at 1.3% y/y in June, and at 1.2% y/y ex Fresh Food. Industrial Production should post a 2.6% decline y/y in May, compared to -1.1% in April.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-26_09-29-45.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on June 28, 2019, 07:59:23 AM

Date : 28th June 2019.


MACRO EVENTS & NEWS OF 28th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-28_09-28-05.jpg)


FX News Today


* Stock markets headed south during the Asian session.


* Trade headlines continue to drive market sentiment and fresh doubts that there will be a breakthrough on the trade front at the highly anticipated meeting between US President Trump and China’s leader Xi Jinping saw investors heading for cover again.


* Trump repeated threats of more tariffs and with global equities still more than 5% higher on the month, the risk of disappointment is capping markets for now.


* If there are at least further negotiations and central banks remain on course to add more stimulus, it should be a constructive start to the second half of the year.
Topix and JP225 lost -0.25% and -0.50% respectively so far.


* US futures are trading narrowly mixed, with American lenders gaining overnight after announcing share buybacks in the wake of annual Fed stress tests.


* The WTI future is at $59.19 per barrel after seeing a high of $59.54 overnight.


* In Europe,  peripheral markets are outperforming and Eurozone spreads narrowing as a sharp drop in German import price inflation at the start of the session added to pressure on the ECB to implement further easing.


* Eurozone stock futures are narrowly mixed.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-28_09-27-24.jpg)


Technician’s Corner


* BTCUSD retreated further overnight, with the contract bottoming at $10,228.24, down from Wednesday highs of $13,821. This sell off has been measured as a 25% plunged. The sell off started on the failure of [censored] website. Technically, the decline came after the asset reached  the 61.8% retracement level from year’s high, while it is currently retesting the 50% Fib. level. Hence as the asset was overbought such a correction is technically acceptable. If the pair manages to sustain a move above the 38.2% Fib level along with a move above the midpoint from this week’s decline (i.e. 12000.00), could spread hopes for another attempt higher again.


* USDJPY fell briefly under 107.70. Word that China would require preconditions for the talks weighed the pairing down, though moved off its lows as NEC chief Kudlow said there were no pre-conditions to the talks. Wall Street gains limited the pairing’s losses, though soft Treasury yields put a cap on USDJPY. Resistance is now at the 20-day moving average of 108.08, with Support at the overnight low of 107.55.


Main Macro Events Today


* Gross Domestic Product (GBP, GMT 08:30) – The Q1 GDP could be seen falling to 0.2%q/q  from the preliminary reading seen in May at 0.5%q/q. The ONS stats office noted there was a “dramatic fall” in UK car production in April, which was pinned squarely on Brexit uncertainty.


* Consumer Price Index (EUR, GMT 09:00) – The preliminary Euro Area CPI for June is anticipated to rise to 1.3% y/y from 1.2%y/y last month. The core inflation is seen at 1.0% y/y from 0.8% y/y.


* US Personal Spending (USD, GMT 12:30) – A 0.3% gain is seen in personal income in May after a 0.5% increase in April, alongside a 0.3% rise in May consumption.


* Chicago PMI  and Michigan Index (USD, GMT 13:45-14:00) – The Chicago PMI should be 55.0 from 54.2 last month. Michigan Index is the main US consumer confidence index and it is expected to remain flat following the drop to 97.9 from an 8-month high of 100.0 in May.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/06/2019-06-26_09-29-45.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 01, 2019, 08:31:15 AM

Date : 1st July 2019.


MACRO EVENTS & NEWS OF 24th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/events2_1200x628-1068x559.png)


* An important week is coming up as we will have an outcome of the well anticipated Trump-Xi meeting, while finally the 1st and 2nd of July will see OPEC+ members meet in Vienna. In addition, NFPs will be out on Friday and a broad range of PMIs and other early indicators are expected during the week.


Monday – 01 July 2019


* OPEC Meetings – OPEC meetings are usually held in Vienna and are attended by representatives from 15 oil-rich nations.


* Caixin Manufacturing PMI (CNY, GMT 01:45) – The Caixin manufacturing PMI is expected to hold into the neutral zone in June.


* Markit Manufacturing PMI (EUR and GBP, GMT 07:55-08:30) – In June,  the German PMI is expected to remain unchanged in the negative region, while UK PMI is seen strengthening at 52.0 from 49.4 last month.


* ISM Manufacturing PMI (USD, GMT 14:00) – The ISM index is expected to fall to 51.5 in June from 52.1 in May, compared to a 14-year high of 61.4 in August. Overall, we’ve seen a stabilization in sentiment since the late-2018 pullback.


Tuesday – 02 July 2019


* Interest rate Decision and Statement (AUD, GMT 04:30) – Reserve Bank of Australia is expected to cut its cash rate by 25 bp to 1.00%. The CPI y/y rate came in at 1.3% from 1.8%, as the RBA targets underlying CPI at 2%-3%. The RBA stated this month that a rate cut “would be appropriate” should inflation remain weak. Australian OIS pricing is fully discounting a cut in the cash rate. Nevertheless, the Australian economy remains the most exposed developed-nation economy to China.




Wednesday – 02 July 2019


* United States – Independence Day – Early close at 13:00 GMT


* ADP Employment Change (USD, GMT 13:15) – Employment change is seen spiking to 150k in the number of employed people in June, compared to the weak 27k reading seen last month.


* ISM Non-Manufacturing PMI (USD, GMT 14:00) – The ISM-NMI index is expected to fall to 56.0 in June from 56.9 in May and a 19-month low of 56.1 in March, versus a 13-year high of 60.8 in September.


Thursday – 04 July 2019


* United States – Independence Day


* Retail Sales (AUD, GMT 01:30) – Retail Sales are expected to climb to 0.2% for May, after falling to -0.1% last month.


Friday – 05 July 2019


* NFP and Labour Market Data (USD, GMT 12:30) – A 170k June nonfarm payroll rise is projected, following a 75k increase in May. The unemployment rate should remain steady at 3.6% from April, and hours-worked are estimated to rise 0.2%. Average hourly earnings should rise 0.3% m/m, for a y/y gain of 3.2%, above the 3.1% pace of April but below the 3.4% cycle-high pace of February. The payroll gains are seen averaging 169k in 2019, down from a 223k average in 2018.


* Labour Market Data (CAD, GMT 12:30) – The unemployment rate fell to 5.4% in May from 5.7% in April as the participation rate eased to 65.7 from 65.9. Hence, this strong reading is expected to hold for June, while employment change is expected to grow slightly up to 8K from the 27.7K seen in May after the 106.6k surge in April.


* Ivey PMI (CAD, GMT 14:00) – A survey of purchasing managers, the Index provides an overview of the state of business conditions in the country.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 02, 2019, 08:52:17 AM
Date : 2nd July 2019.

MACRO EVENTS & NEWS OF 2nd July 2019.

[​IMG]

FX News Today
Australia’s 10-year rate fell -2.7 bp, as the RBA slashed the cash rate by 25 bps to a record low of 1.00%, citing the slowdown in global trade.
US President Trump may have signalled that talks with China have already restarted, but the US reportedly also expanded a list of European products that may get hit with tariffs, which highlights that the restart of US-Sino trade talks doesn’t mark the end of global trade tensions.
Stock markets already turned cautious again in Asian trade.
US futures are marginally higher and the WTI future is trading at $59.13 per barrel.
European stock futures are moving higher in tandem with US futures after a lacklustre session in Asia.
Meanwhile weaker than expected German retail sales at the start of the session confirmed that the weakness in the manufacturing sector is spreading to the rest of the economy, which will keep the ECB on course for further easing.
EU leaders will meet again to resume discussion on the next president of the European Commission and other top posts that will become vacant this year, including the ECB presidency.
Charts of the Day
[​IMG]
Technician’s Corner
AUDUSD jumped to 0.6985 at the Asia session amid the RBA announcement, after the decline seen yesterday on Dollar strength. The asset manage to held above 20- and 50-day SMA. A trade above 0.7000 which is the midpoint on yesterday’s decline could suggest further upside path for AUDUSD. Support comes at 2-day low, at 0.6955. A shift back to the latter could open the doors towards June’s values.
EURUSD faded to 7-session lows of 1.1275, down from the 1.1360 highs seen ahead of the NY open. Weaker European PMI data, along with more dovish ECBspeak, saw sentiment toward the Euro soured some. For the USD side of the equation, markets have toned down their Fed rate cut expectations, leaving the odds of a 50 bp cut in July a long shot. As a result, the Dollar has posted gains, helped by the trade truce agreed over the weekend. There are still likely to be further trade fireworks going forward, but as long as the US economy continues to outperform rivals, USD downside should be limited going forward.
Main Macro Events Today

Construction PMI (GBP, GMT 09:30) –The June construction PMI is seen rebounding to 49.4 after 48.6 in May.
Manufacturing PMI (CAD, GMT 14:00) – The Markit Manufacturing PMI in the Canada is expected to come out at about 49.0 in June,slightly below the 49.1 in May.
BoE’s Governor Carney speech (GBP, GMT 14:05)
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 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 HERE to register for FREE!

Click HERE to READ more Market news.


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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 03, 2019, 07:43:35 AM

Date : 3rd July 2019.


MACRO EVENTS & NEWS OF 3rd July 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-03_09-20-53-696x483.jpg)


FX News Today


* Stock market sentiment turned cautious again during the Asian session.


* EU leaders formally nominate IMF head Lagarde to head the ECB and replace Mario Draghi.  Lagarde, is clearly a much more dovish option in comparison to Weidmann, who has been the leader of the hawks on the council.


* Lagarde’s nomination was enough for investors to price in even more easing and asset purchases, despite the fact that a Bloomberg report suggested that the majority of policy makers are not ready to make a more in July and prefer to wait for the updated forecasts in September. EGB futures have extended gains on the news.


* BoE’s Carney flags downside risks from trade. The BoE head repeated that the central bank sees the need for rate hikes if Brexit is smooth, he added that markets are giving more weight to a no deal scenario and that the BoE will reassess Brexit and trade risks at the August meeting.


* The US’ threat of additional tariffs on European goods highlighted that geopolitical trade tensions are far from over.


* The private China services PMI slowed to a four month low in June, adding to signs that much of the damage has already been done.


* Nikkei and Hang Seng lost -0.72% and -0.26% respectively and the Shanghai Comp is down -0.86%.


* President Trump plans to nominate Christopher Waller and Judy Shelton to the Fed Board of Governors to fill the two vacancies.


* GER30 and UK100 futures are currently posting slight gains, underpinned also by easing hopes, while U.S. futures are in the red, after a largely weaker close in Asia.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-03_09-20-33.jpg)


Technician’s Corner


* USDJPY has come under some pressure, dropping to 107.52. Modest risk-off conditions have weighed, while the sentiment boost seen after the US/China trade truce appears to have worn off, leaving the reality that it may well be quite some time before agreements are made, and tariffs come off. Until some progress is made, it appears USDJPY upside will be limited.


* XAUUSD rallied to 1437.68 high,, underpinned by easing hopes and by geopolitical trade tensions which clearly are far from over. AMid EU open Gold reversed slightly lower to 1421 area and it is currently consolidating above it. Support holds at 1421, 1413 and 1407.55. Resistance levels come at 1428.55, 1431.80 and 1440.


Main Macro Events Today


* United States – Independence Day – Early close at 13:00 GMT


* Services  PMI (GBP, GMT 08:30) –The June Services PMI is seen stable at 51 m/m.


* Trade Balance (USD, GMT 12:30) – It is expected to widen in May to -$54.6 bln (median -$53.5 bln) from -$50.8 bln in April.


* ADP Employment Change (USD, GMT 13:15) – Employment change is seen spiking to 150k in the number of employed people in June, compared to the weak 27k reading seen last month.


* ISM Non-Manufacturing PMI (USD, GMT 14:00) – The ISM-NMI index is expected to fall to 56.0 in June from 56.9 in May and a 19-month low of 56.1 in March, versus a 13-year high of 60.8 in September.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 04, 2019, 07:48:15 AM

Date : 4th July 2019.


MACRO EVENTS & NEWS OF 4th July 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-04_09-15-54.jpg)


FX News Today


* 10-year Treasury yields closed at 1.950% and the Dow lifted to record highs ahead of today’s holiday in the US, as investors priced in deep central bank easing.


* In Europe, Bund yields are holding steady around -0.39% in opening trade, and Italian yields in particular continue to slide, as investors buy into hopes that under Lagarde’s helm the ECB will take a more benign view on deficit spending and implement further easing to support struggling economies.


* US President Trump once again accused China and Eurozone of currency manipulation and stock markets turned more cautious during the Asian session amid lingering trade concerns and with trading volumes below average as investors wait for the key US jobs report on Friday.


* European stock futures are slightly higher, while US futures are marginally in the red.


* The WTI future is trading at $56.85 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-04_09-15-31.jpg)


Technician’s Corner


* USDJPY recovered from post-ADP lows of 107.58, bouncing to 107.82 highs, after failing to test the overnight 6-session low of 107.54. Soft Treasury yields (10-year at 1.95%) have limited upside for the pairing, though another Wall Street rally should contain losses. Activity is likely to wind down early today, as many make their way out the door on today’s Independence Day holiday.


* AUDUSD: The Australian Dollar has outperformed for a second day, presently near highs with a 0.6% gain versus the US buck and a 0.8% advance against the pound, which is the weakest of the main currencies on the day so far. AUD-USD posted a 57-day at 0.7047, extending gains seen from yesterday’s at 0.6956, seen in the immediate wake of the RBA’s rate cut. Markets had mostly priced-in the move, with Aussie money markets having factored in 85% odds for it. Given this, along with some cautiously upbeat remarks on the outlook in RBA Governor Lowe’s statement, and the thawing in US-China tensions, the scene was set for a rally in the Australian Dollar. AUDUSD has support at 0.7017-20.


Main Macro Events Today


* United States – Independence Day


* Retail Sales (EUR, GMT 09:00) – Retail Sales are expected to climb to 1.6% for May, after the 1.5% last month.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 05, 2019, 08:28:13 AM

Date : 5th July 2019.


MACRO EVENTS & NEWS OF 5th July 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-05_09-45-12-696x376.jpg)


FX News Today


* Stock markets are little changed and awaiting today’s US jobs report.


* Hopes of further central bank easing have underpinned the latest rally in bonds and helped stock markets to move past lingering trade tensions.


* Today’s NFP report will be watched closely in the light of speculation for a move from the Fed this month. Anything but a much stronger than expected number will likely see markets continue to price in deep easing ahead.


* Topix and Nikkei are up 0.08% and 0.09% respectively, the Hang Seng lifted 0.12% and CSI 300 and Shanghai Comp 0.55% and 0.19%.


* Oil prices meanwhile are trading at $56.65, clearly below recent highs, despite ongoing tensions in the Middle East.


* Italian rates fall further as weaker than expected German manufacturing orders added to hopes for additional easing measures from the ECB.


* German manufacturing orders slumped -2.2 bp in the May reading, bringing the annual rate down to -8.6% y/y. Orders from within the Eurozone have now dropped for the second consecutive month while orders from outside the currency bloc fell back -5.7% m/m, after some strong months.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-05_09-44-32.jpg)


Technician’s Corner


* EURUSD edged out a 1.1273, which is just 5 pips from yesterday’s low. Market narratives have been centering on the ECB’s further turn to the dovish side, which has tipped the Bund yield curve into negative right out to the 20-year maturity, while the 10-year yield has forayed below -0.40%, undershooting the deposit rate.


* GBPUSD found a footing after three straight down days, which yesterday culminated in a 15-day low at 1.2557. The pair has since taken root around 1.2575-90. EURGBP similarly came to a directional halt below the six-day high seen yesterday at 0.8990, which is just 2 pips short of the six-month peak that was seen last week.


Main Macro Events Today


* NFP and Labour Market Data (USD, GMT 12:30) – A 170k June nonfarm payroll rise is projected, following a 75k increase in May. The unemployment rate should remain steady at 3.6% from April, and hours worked are estimated to rise 0.2%. Average hourly earnings should rise 0.3% m/m, for a y/y gain of 3.2%, above the 3.1% pace of April but below the 3.4% cycle-high pace of February. The payroll gains are seen averaging 169k in 2019, down from a 223k average in 2018.


* Labour Market Data (CAD, GMT 12:30) – The unemployment rate fell to 5.4% in May from 5.7% in April as the participation rate eased to 65.7 from 65.9. Hence, this strong reading is expected to hold for June, while employment change is expected to grow slightly up to 8K from the 27.7K seen in May after the 106.6k surge in April.


* Ivey PMI (CAD, GMT 14:00) – A survey of purchasing managers, the Index provides an overview of the state of business conditions in the country.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 08, 2019, 11:02:41 AM

Date : 8th July 2019.


MACRO EVENTS & NEWS OF 8th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/events2_1200x628-696x364.png)


* An interesting week is coming up, following a confirmation that the US and China will resume trade negotiations.Market attention is also honed in on central banks, as Fed Chair Powell testifies before Congress. In the UK, the focus turns to GDP.


Monday – 08 July 2019


* Industrial Production and Trade Balance (EUR, GMT 06:00) – In Germany, the surplus is expected to increase to EUR 18.6 bln in May, from EUR 17 bln in the previous month. Overall exports clearly are impacted by geopolitical trade tensions and the risk of US tariffs on auto imports from the EU are still hanging over the manufacturing sector and spell further troubles ahead. Meanwhile, Industrial production expected to be corrected -0.4% m/m in May, from -1.9% last month.


Tuesday – 09 July 2019


* JOLTS Job Openings (USD, GMT 14:00) – JOLTS define Job Openings as all positions that have not be filled on the last business day of the month. May’s JOLTS job openings is expected to rise slightly at 7.479M, following the 7.44M in April.


Wednesday – 10 July 2019


* Consumer Price Index (CNY, GMT 01:30) – The June’s Chinese CPI is expected to drop to -0.1%. The overall reading is estimated to be unchanged.


* Gross Domestic Product, Manufacturing & Industrial Production (GBP, GMT 08:30) – The GDP is the economy’s most important figure. May’s GDP is expected to be lower at -0.7% m/m following the -0.4% reading from last month. Meanwhile, Industrial and Manufacturing Production will be out as well. These two indices are expected to have increased, with industrial output providing an upwards contribution of 1.5% m/m in February, while manufacturing is projected to have rise to 2.3% from its -3.9% last month.


* Event of the week – Interest rate Decision and Conference (CAD, GMT 14:00) –Last time, Bank of Canada held the policy rate setting steady at 1.75%, matching widespread expectations, while the statement was largely optimistic in terms of the growth outlook. The expectations remains for no change of the policy outlook from the BoC through year-end, with the next move expected to be a modest rate hike in late 2020.


* FOMC Meeting Minutes (USD, GMT 18:00) -The FOMC Minutes report provides the FOMC Members’ opinions regarding the US economic outlook and any views regarding future rate hikes. In the last FOMC statement, on June 19, FOMC left rates unchanged but the statement (removed patient) and the inflation outlook, the dot-plot, and Bullard’s dissent in favor of easing made for a dovish stance.


Thursday – 11 July 2019


* Harmonized Index of Consumer Prices (EUR, GMT 06:00) –The German HICP inflation is expected to hold at 1.3% y/y for June.


* Consumer Price Index and Core (USD, GMT 12:30) –May’s CPI has been estimated at a -0.1% drop for headline PPI in June, and a 0.2% rise in the core index. As expected readings would result in a y/y gain of 1.4% for headline PPI, slowing from a 1.8% pace in May, and a 2.1% y/y rise for the core, versus 2.3% in May.


* Fed Chair Powell Testimony (USD, GMT 14:00)Friday – 12 July 2019


Friday – 12 July 2019


* Producer Price Index (USD, GMT 12:30) – The Headline PPI is expected to hold at 0.1% in June, and at 0.2% in the core index. These readings would keep in a y/y gain of 1.4% for headline PPI. We see y/y headline readings in a 1.3%-1.9% range over coming months, while core prices should be in a 2.1%-2.5% range.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 09, 2019, 08:06:07 AM

Date : 9th July 2019.


MACRO EVENTS & NEWS OF 9th July 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-09_09-31-46-696x496.jpg)


FX News Today


* Stock markets remain cautious ahead of Powell’s testimony, after jobs data reduced hopes of big rate cuts from the Fed.


* Tech stocks were hit by a slump in Apple Inc. after a broker downgrade.


* Topix and Nikkei pared early gains in the course of the session and are currently down -0.22% and up 0.06% respectively.


* Central bank expectations remain a major force for stock market moves, amid lingering geopolitical trade tensions, which are far from over despite the restart of US-Sino talks.


* European futures as well as US futures are down -0.3-0.4% with the Nasdaq underperforming.


* In Europe, BTPs are currently outperforming, but Greek bonds, which rallied yesterday on the election result, are paring some of the gains.


* Released overnight, UK BRC retail sales came in weaker than expected and fell back -1.6% m/m in the same store measure. Still to come are Italian retail sales numbers and an I/L auction in Germany.


* Oil prices meanwhile continue to hold in the USD 57-58 range, with the WTI future currently trading at USD 57.50.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-09_09-30-56.jpg)


Technician’s Corner


* GBPUSD retests again the 6-month low into EU open, at 1.2483. EURGBP remained buoyant, but markets still lacked the muster for a test of the recent six-month high at 0.8992. A 0.3% m/m contraction in the Halifax measure of UK house prices (released Friday) was the latest in a series of data disappointments out of the UK. As for Brexit, the news flow has remains quiet in terms of substantive developments. That will change as soon as the new prime minister, most likely no-deal-Brexit-if-necessary Boris Johnson, takes up the reigns (which will be later in the month). Cable has resistance at 1.2510-20. Next Support at 1.2420.


* Silver: Despite the decline seen the last 2 days, Silver manage to be held above the 20- and 50-week SMA, sustaining more than 50% of the gains seen in June. Breaching the uptrend Support at 14.90 and also the small bounce up to 15.10 suggest that the corrective pressure is growing again. The RSI is sloping to the upside again but still remains below 50 in the daily chart, while MACD remains within the positive area following a bear cross last week.  The key level at $15.10 is now a Resistance whilst traction below the $14.90 would open $14.60 as the next Support. A break above Resistance couls retest the $15.25-$15.35 area.


Main Macro Events Today


* Fed Chair Powell Speech on Boston (USD, GMT 12:45)


* JOLTS Job Openings (USD, GMT 14:00) – JOLTS define Job Openings as all positions that have not be filled on the last business day of the month. May’s JOLTS job openings is expected to rise slightly at 7.479M, following the 7.44M in April.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-09_09-32-16.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 10, 2019, 09:12:11 AM

Date : 10th July 2019.


MACRO EVENTS & NEWS OF 10th July 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-10_09-34-54-696x514.jpg)


FX News Today


* Markets take a defensive stance ahead of Powell’s testimony to Congress and the release of the minutes from the last Fed meeting.


* Speaking overnight Atlanta Fed President Bostic said the central bank is debating the risks and benefits of letting the economy run a “little hotter” and while most are still expecting a 25 bp “insurance cut” this month, there are fears that Powell may close the door to rate cut hopes.


* GER30 and UK100 futures are narrowly mixed and US futures slightly in the red, after a mixed session in Asia overnight.


* KOSPI and KOSDAQ recovered as Japan and South Korea said they are planning talks on the trade tensions. Japan’s new export restrictions on materials vital to South Korea’s tech industry, and hopes of thawing relations helped KOSDAQ to gain 1.6%, elsewhere moves were pretty muted.


* Eurozone peripheral markets are outperforming, but yields are also up across Italy, Spain and Portugal.


* Trade risks, US-Iran tensions and in Europe the risk of a no-deal Brexit scenario keep markets looking to central banks for support.


* The WTI future meanwhile surged to $58.76 per barrel, after US data showed another drop in stock piles, which dampened concerns about oversupply.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-10_09-34-24.jpg)


Technician’s Corner


* EURGBP has forayed above 0.9000 for the first time since early January while Cable has descended into 27-month low territory. EURGBP has now made this the 8th week out of the last nine where a new higher high has been set. The Pound has been trading with a 10-15% trade-weighted Brexit discount since the vote to leave the EU in June 2016.


* USDJPY was stopped in its tracks at 6-week highs of 108.96, the level coinciding with the 50-day Moving Average. Profit taking ensued, which took the pairing to 108.76 lows in early NY and Asia session. In addition to the noted technical resistance, Japanese exporter offers are reportedly parked from the 109.00 level, which should help cap gains going forward.


Main Macro Events Today


* Gross Domestic Product, Manufacturing & Industrial Production (GBP, GMT 08:30) – The GDP is the economy’s most important figure. May’s GDP is expected to be lower at -0.7% m/m following the -0.4% reading from last month. Meanwhile, Industrial and Manufacturing Production will be out as well. These two indices are expected to have increased, with industrial output providing an upwards contribution of 1.5% m/m in February, while manufacturing is projected to have risen to 2.3% from its -3.9% last month.


* Event of the week – Interest rate Decision and Conference (CAD, GMT 14:00) –Last time, Bank of Canada held the policy rate setting steady at 1.75%, matching widespread expectations, while the statement was largely optimistic in terms of the growth outlook. The expectations remain for no change of the policy outlook from the BoC through year-end, with the next move expected to be a modest rate hike in late 2020.


* FOMC Meeting Minutes (USD, GMT 18:00) -The FOMC Minutes report provides the FOMC Members’ opinions regarding the US economic outlook and any views regarding future rate hikes. In the last FOMC statement, on June 19, FOMC left rates unchanged but the statement, which removed the word “patient”, along with the inflation outlook, the dot-plot, and Bullard’s dissent in favor of easing, made for a dovish stance.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-10_09-47-24.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 11, 2019, 09:05:01 AM

Date : 11th July 2019.


MACRO EVENTS & NEWS OF 11th July 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-11_09-06-07.jpg)


FX News Today


* FOMC minutes of the June meeting were a little anti-climactic following Fed Chair Powell’s testimony. However, there were “many” indications that an easier policy stance was the more desired outcome.


* 10-year Treasury yields dropped -2.3 bp to 2.039% overnight, and reopened soft, stopped at 2.064% tailing out from 2.057%.


* US stocks rise, yields drop, Powell’s testimony supported rate cut expectations.


* The S&P 500 briefly topped the 3000 mark for the first time, but the index didn’t manage to hold these levels as stocks generally came off highs.


* USD lower as Powell signals July FOMC rate cut.


* The WTI future is trading at $60.57 per barrel, amid reports that Iranian boats attempted to “impede” the passage of a British tanker.showed another drop in stock piles, which dampened concerns about oversupply.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-11_09-07-22.jpg)


Technician’s Corner


* FX Update: The USD posted fresh lows during the pre-Europe session in Asia as markets continued to readjust Fed easing expectations in the wake of Chairman Powell’s testimony yesterday, which was consistent with a 25 bp rate cut at the end of this month with an addendum stipulating that the Fed has the tools needed and could use them “aggressively” if necessary. The narrow trade-weighted USD index (DXY) has declined by about 0.6% over the last day, earlier printing a six-day low at 96.90, while EURUSD rose to a six-day high at 1.1280 and USDJPY posted a six-day low at 107.86. The US currency saw a similar magnitude of decline against other currencies. In the mix has been an unexpected upward revision to June German HICP, to 1.5% y/y from 1.3% y/y, while news that Iran tried to intercept a British tanker in the Strait of Hormuz (London claiming that its navel ship HMS Montrose saw off three Iranian vessels with “verbal warnings”) saw front-month WTI crude prices spike above $60.0, the first time above this level since late May.


Main Macro Events Today


* Harmonized Index of Consumer Prices (EUR, GMT 06:00) – The German HICP inflation is expected to hold at 1.3% y/y for June.


* Consumer Price Index and Core (USD, GMT 12:30) – May’s CPI has been estimated at a -0.1% drop for headline PPI in June, and a 0.2% rise in the core index. As expected readings would result in a y/y gain of 1.4% for headline PPI, slowing from a 1.8% pace in May, and a 2.1% y/y rise for the core, versus 2.3% in May.


* Fed Chair Powell Testimony 2nd day (USD, GMT 14:00)


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-11_09-39-27.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 12, 2019, 07:45:59 AM

Date : 12th July 2019.


MACRO EVENTS & NEWS OF 12th July 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-12_09-37-53.jpg)


FX News Today


* Treasuries recovered during the Asian session after better than expected data and a weak auction put pressure on bonds yesterday.


* Bonds across Asia were under pressure though and JGB yields moved up 2.6 bp to -0.121%, while Australia’s 10-year yield jumped 12.0 bp to 1.450%.The RBA already cut rates to record lows and comments from the central bank governor yesterday didn’t sound as though the bank was readying further easing at the moment, which.


* Stock markets were cautious ahead of trade and lending data out of China today, which are expected to set the tone for GDP numbers out on Monday.


* With Powell’s testimony out of the way the focus is shifting back to the impact of trade tensions and after Singapore reported the weakest GDP growth number in a decade investors are holding back before taking fresh positions especially after a tweet by US President Trump saying China was not living up to promises made on buying agricultural products from the US.


* Indices swung between gains and losses overnight and Topix and Nikkei are currently down -0.19% and up 0.15% respectively.


* European stock futures are moving higher in tandem with US futures.


.* The WTI future is trading at $60.67 per barrel, amid escalating tensions in the Middle East.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-12_09-37-37.jpg)


Technician’s Corner


* EURUSD spiked to 1.1274 in Asia session after knocking lower following the warmer US CPI outcome. Looking ahead, the Dollar is likely to remain in sell-the-rally mode ahead of the July FOMC meeting, where a 25 basis point rate cut is widely expected. EURUSD support is now at the 50-day Moving Average at 1.1240, with resistance at 1.1287-95, the July 5 and July 4 highs.


* USDCAD drifted lower to 1.3023 area as WTI future is rading at USD 60.58 per barrel, amid escalating tensions in the Middle East. Next Support stands at 1.2970-1.2990.


Main Macro Events Today


* Producer Price Index (USD, GMT 12:30) – The Headline PPI is expected to hold at 0.1% in June, and at 0.2% in the core index. These readings would keep in a y/y gain of 1.4% for headline PPI. We see y/y headline readings in a 1.3%-1.9% range over coming months, while core prices should be in a 2.1%-2.5% range.


* Fed Chair Powell Testimony 2nd day (USD, GMT 14:00)


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-12_09-48-04.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 15, 2019, 08:13:19 AM

Date : 15th July 2019.


MACRO EVENTS & NEWS OF 15th June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/events2_1200x628-696x364.png)


* Trade warring and slowing global growth have set the scene for a possible earnings recession, which could catalyze a risk-off phase in global markets. Therefore next week’s inflation data out of some of the major economies, Australia’s employment report and China’s 2Q19 GDP report could be the highlights in the coming week. Another focus is the upcoming Q2 corporate earnings season, which will get into gear next week with “show and tells” from the banking sector.


Monday – 15 July 2019


* China Gross Domestic Product (CNY, GMT 02:00)- Chinese GDP is projected to see additional moderation to a 6.2% y/y pace in Q2, from the 6.4% y/y growth rate in Q1. The economy has grown at a 6.2% pace so far in 2019, while it was at a 6.6% pace for all of 2018, leaving the slowest growth rate since the 3.9% clip in 1990. It grew 6.8% in 2017.


* Consumer Price Index (NZD, GMT 22:45) – New Zealand inflation is expected to rise by 1.7% y/y in Q2, edging higher than the 1.5% observed in Q1.


Tuesday – 16 July 2019


* Monetary Policy Meeting Minutes (AUD, GMT 01:30) – The RBA has already cut rates to record lows and comments from the central bank governor yesterday didn’t sound as though the bank was readying further easing at the moment. Minutes are expected to shed further light regarding future easing stance.


* Average Earnings (GBP, GMT 08:30) – Average Earnings excluding bonus for May expected to slightly increase at 3.2% from 3.1% last month.


* ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for July is expected to be released at -19.0 compared to -21.1 last month.


* Retail Sales and Core (USD, GMT 12:30) – 0.2% June retail sales gains are expected for both with and without autos, following 0.5% May gains for both measures. Unit vehicle sales ticked down to a 17.3 mln pace in June from an upwardly-revised 17.4 mln clip in May, and gasoline prices should provide a drag on retail activity given an estimated -3.5% figure for the CPI for gasoline. Real consumer spending is expected to grow at a 3.9% rate in Q2, following the 0.9% Q1 clip.


Wednesday – 17 July 2019


* Consumer Price Index (GBP, GMT 08:30) – May CPI came in on the nose at 2.0% y/y, ebbing from 2.1% y/y in April and marking a return to the upper bound of the BoE’s target. Next week’s reading for June is expected to remain unchanged. The same stands for core CPI.


* Consumer Price Index (EUR, GMT 09:00) – The Euro Area CPI for June is expected to hold steady at 0.3% m/m, with the headline inflation at 1.2% y/y unchanged from the previous month. Still, as the weakness in manufacturing is now starting to reach the labour market, this means the prospect that underlying inflation pressures will build up soon look slim. This will keep the ECB on course for additional easing measures, unless there are major breakthroughs on the US-Sino trade and the Brexit front.


* Consumer Price Index and Core (CAD, GMT 12:30) – CPI is expected to decline at a 2.1% y/y pace in June.


* Housing Data (USD, GMT 12:30) – Housing starts should slow to a 1.260 mln pace in June, after a dip to 1.269 mln in May. Permits are expected to improve to 1.300 mln in June, after rising to 1.299 mln in May. Overall, we see a stronger trajectory for starts with a positive but slower pace for permits, as starts play catch-up with the higher permits trajectory.


Thursday – 18 July 2019


* Employment Data (AUD, GMT 00:30) – Australian labour market data is expected to deteriorate, as the employment is anticipated at 10K from 42.3K in May.


Friday – 19 July 2019


* Michigan Consumer Sentiment Index (USD, GMT 14:00) – The main US consumer confidence index is expected to ease to 93.0 in March, compared to 93.8 in February.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 16, 2019, 07:39:17 AM

Date : 16th July 2019.


MACRO EVENTS & NEWS OF 16th July 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-16_09-40-56-696x415.jpg)


FX News Today


* Treasury yields steadied during the Asian session, with bonds erasing overnight gains and the 10-year yield now up 0.3 bp at 2.092%. JGB yields also backed up from lows and are down -0.1 bp at -0.129%, after returning from holiday, while yields declined in Australia and New Zealand after the minutes of the last RBA meeting showed the bank remains ready to adjust policy if needed.


* Stock markets meanwhile struggled in very light volumes as markets hold back ahead of key US data and earnings reports this week.


* On trade talks US Treasury Secretary Mnuchin said he and Trade-Representative Lighthizer may travel to Beijing if talks by phone this week are productive.


* The WTI future is trading below $60 per barrel and U.S. futures are posting marginal gains.


* In Europe, the GER30 future is currently slightly higher as are US futures, which UK100 futures are in the red, amid ongoing Brexit jitters as Boris Johnson, poised to succeed as PM next week, puts no-deal options firmly back on the table.


* Last week’s round of Brexit negotiators was reportedly one of the most difficult encounters of the last 3 years.


* Meanwhile JP Morgan, Bank of America, Goldman Sachs and Taiwan Semiconductor are among the companies reporting results this weeks.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-16_09-42-59.jpg)


Technician’s Corner


* EURUSD has been held between its 20-day Moving Average of 1.1295 and its 50-day Moving Average at 1.1242 since Friday. A 25 basis point Fed rate cut at the end of the month has been priced into EURUSD, and focus now may shift to the ECB, where further stimulus could be in the cards at its next meeting on July 25, keeping EURUSD capped for the time being.


* USDJPY broke earlier today its 20-day Moving Average at 107.95, after printing 8-session high from 107.80 during the overnight Asian session. The mixed risk backdrop has limited the pairing’s gains since last week, as Wall Street trades on either side of flat, and Treasury yields remain pressured. The July 5 low of 107.76 remains a floor for the asset, while next Resistance stands at 108.20 and 108.50


Main Macro Events Today


* Average Earnings (GBP, GMT 08:30) – Average Earnings excluding bonus for May expected to slightly increase at 3.2% from 3.1% last month.


* ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for July is expected to be released at -19.0 compared to -21.1 last month.


* Retail Sales and Core (USD, GMT 12:30) – 0.2% June retail sales gains are expected for both with and without autos, following 0.5% May gains for both measures. Unit vehicle sales ticked down to a 17.3 mln pace in June from an upwardly-revised 17.4 mln clip in May, and gasoline prices should provide a drag on retail activity given an estimated -3.5% figure for the CPI for gasoline. Real consumer spending is expected to grow at a 3.9% rate in Q2, following the 0.9% Q1 clip.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-16_09-40-42.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 17, 2019, 10:09:07 AM

Date : 17th July 2019.


MACRO EVENTS & NEWS OF 17th July 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-17_09-36-43-696x649.jpg)


FX News Today


* Stronger than expected US retail sales data put some pressure on bond markets.


* However, Equities turned lower as trade uncertainty returns.


* After the Chicago Fed President Evans flagged two rate cuts this year and US President Trump threatened to put another USD 325 bln of tariffs on Chinese goods, Stock markets were nervous and risk aversion lingered.


* US stock futures are posting fractional gains and Topix and Nikkei are currently down -0.05% and -0.27% respectively.


* Released overnight, a -17.3% decline in Singapore non-oil exports highlighted the damaging impact of global trade tensions.


* WTI crude dives near 3%, after Pompeo indicated that Iran is willing to negotiate on missiles. Oil prices are now trading at USD 57.69 per barrel, on yesterday’s indications that US-Iran tensions could be easing.


* Germany’s Von der Leyen confirmed as new EU Commission President. Von der Leyen will succeed Juncker and IMF head Lagarde today is tendering her resignation as her nomination for Draghi’s post looks more certain


* Bunds rallied from the off today and European stock futures are in the red after a mixed session in Asia, despite the prospect of additional easing measures.


* Bank of America and Netflix are due to report results today.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-17_09-25-38.jpg)


Technician’s Corner


* USOIL: WTI crude has fallen 3% on the session following comments from US Secretary of State Pompeo in a cabinet meeting, who said for the first time, Iran is prepared to negotiate on its missile program. This news may signal a shift of policy in Iran, perhaps set to lower geopolitical tensions in the Mideast. The WTI contract has fallen from earlier highs just over $60.00 to $57.06 lows. Support now holds at $57.30 and $56.30. Resistance is set at $58.07 and $58.75.


Main Macro Events Today


* Consumer Price Index (GBP, GMT 08:30) – May CPI came in on the nose at 2.0% y/y, ebbing from 2.1% y/y in April and marking a return to the upper bound of the BoE’s target. Next week’s reading for June is expected to remain unchanged. The same stands for core CPI.


* Consumer Price Index (EUR, GMT 09:00) – The Euro Area CPI for June is expected to hold steady at 0.3% m/m, with the headline inflation at 1.2% y/y unchanged from the previous month. Still, as the weakness in manufacturing is now starting to reach the labour market, this means the prospect that underlying inflation pressures will build up soon look slim. This will keep the ECB on course for additional easing measures, unless there are major breakthroughs on the US-Sino trade and the Brexit front.


* Consumer Price Index and Core (CAD, GMT 12:30) – CPI is expected to decline at a 2.1% y/y pace in June.


* Housing Data (USD, GMT 12:30) – Housing starts should slow to a 1.260 mln pace in June, after a dip to 1.269 mln in May. Permits are expected to improve to 1.300 mln in June, after rising to 1.299 mln in May. Overall, we see a stronger trajectory for starts with a positive but slower pace for permits, as starts play catch-up with the higher permits trajectory.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-17_09-35-36.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 18, 2019, 08:58:43 AM

Date : 18th July 2019.


MACRO EVENTS & NEWS OF 18th July 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-18_09-28-01.jpg)


FX News Today


* Bonds were supported by ongoing trade concerns, with the tensions between Japan and South Korea add to the lingering concerns about US-Sino relations.


* A WSJ report suggesting that trade negotiations between the US and China are at a “standstill.” This was followed by fresh evidence of the impact that trade tensions have been having, with Japanese trade data revealing a worse-than-expected 6.7% y/y contraction in exports, which have shrank for seven straight months now.


* South Korea’s central bank unexpectedly cut interest rates and said it has room to act again.


* The Fed’s Beige Book still said economic activity “continued to expand at a modest pace”, but globally central banks are clearly preparing for a marked slowdown as trade tensions bite.


* Concerns about a weak earnings season are putting pressure on stock markets.


* The USA100 futures dipped -0.6% so far after Netflix Inc posted a surprise loss of US customers.


* The GER30 future is underperforming as well amid a broad based decline in European and US stock futures after a weak session in Asia overnight.


* The WTI future meanwhile is trading at $56.70 per barrel.


* Fears of a no deal Brexit scenario also continue to cloud over the outlook but while the ECB is expected to at least introduce an official easing bias next week, before cutting rates in September.


* ECB’s Villeroy highlighted this morning that central banks can’t perform miracles and need help from politicians and fiscal policies.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-18_09-27-41.jpg)


Technician’s Corner


* EURUSD recovered slightly from 7-session lows of 1.1200, peaking at 1.1243. Brexit concerns have weighed on economic activity on the continent as well as the UK, and could limit Euro gains going forward. Risk for the EUR comes from the ECB as well, with a shift to an explicit easing bias expected by many at next week’s meeting, or at subsequent meetings. EURUSD support comes at 1.1218-1.1229, with Resistance at the 61.8% Fib. level from 2-week peak, at 1.1250-1.1252.


Main Macro Events Today


* Retail Sales (USD, GMT 08:30) – A -0.3%m/m contraction is expected for June retail sales, following 0.5% May loss. In the y/y comparison, sales are anticipated at 2.6% from 2.3%.


* Initial jobless claims (USD, GMT 12:30) – The initial jobless claims for the week of July 13 are estimated to fall to 204k, after falling to 209k in the week of July 6. Claims should average 215k in July, down from 222k in June and a 217k in May.


* Philly Fed Index (USD, GMT 12:30) – The Empire State index is estimated to rebound to 6.0 in July from -8.6 in June, which marked a 33-month low for the series. The producer sentiment readings all moderated through the turn of the year from elevated levels in response to global growth concerns, falling petroleum prices, fears about the ongoing trade war, and the partial government shutdown.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-17_09-35-36.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 22, 2019, 09:57:57 AM

Date : 22nd July 2019.


MACRO EVENTS & NEWS OF 22nd June 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/events2_1200x628-696x364.png)


* No deal Brexit risks will continue to unsettle markets next week as the two candidates hardened their rhetoric in end stages of the party elections. The ECB however will stand out as the event of the week,with Brexit uncertainty an important part of the overall outlook. Have a look at the most important events of the coming days in our usual weekly publication.


Tuesday – 23 July 2019


* The announcement of the next Prime Minister of the UK – Event of the week – Original Brexit campaigner Boris Johnson remains the front runner in the race and is widely expected to be confirmed as the new Prime Minister next Tuesday.


* Housing Data (USD, GMT 14:00) – A steady rate is anticipated for existing home sales in June at the firm 5.340 mln pace seen in May. The median sales price is estimated to ease to $275,000, for a y/y gain of 0.4%, down from 4.8% in May. In Q1, we saw an average sales pace of 5.207 mln. In Q2, a better 5.297 mln pace is expected.


Wednesday – 24 July 2019


* Services and Manufacturing PMI (EUR, GMT 07:30) – Preliminary Composite PMIs  for Eurozone and Germany are expected to fall in July, to 51.8 and 52.5 respectively, while the Manufacturing PMIs are forecasted at 48.0 and 45.4 respectively.


* Services and Manufacturing PMI (USD, GMT 13:45) – Preliminary Manufacturing and Services PMIs are expected to decline in July, to 50.4 from 50.6 and 51.0 from 51.5 respectively.


Thursday – 25 July 2019


* German IFO (EUR, GMT 08:00) – German IFO business confidence is expected to slip to 96.7, after it held steady the past 2 months around the 97 barrier.


* Event of the week – Interest rate Decision and Conference (EUR, GMT 11:45) –The ECB is meeting on July 25, – shortly after the confirmation of the new PM in London and ahead of the Fed, which is widely expected to cut rates again at the end of the month. On balance, markets see more merit in keeping official rates unchanged next week, while moving to an official easing bias and promising that rates will be at “current or lower” levels well into next year.


* ECB Monetary Policy Statement (EUR, GMT 12:30) -The July meeting will clearly be a “live” one with doves and hawks battling it out over when to deliver the now widely expected easing measures. It is expected that the majority will see more merit in keeping policy settings unchanged, but change the guidance to introduce a clear easing bias.


* Durable Goods (USD, GMT 12:30) – Durable goods orders are expected to rise 1.0% in June, after a -1.3% figure in May. Transportation orders should rise 2.7%. Boeing orders rose to only 9 from just zero in May, with weakness due to the hit from problems with the Boeing 737 Max that prompted buyers to delay new purchase commitments. Vehicle assemblies should ease to 11.1 mln from an 11.3 mln pace in May. Durable shipments are expected to rise 0.5%, and inventories should rise 0.6%. The I/S ratio is expected to hold steady at 1.67 since April.


Friday – 26 July 2019


* Gross Domestic Product (USD, GMT 12:30) – Gross Domestic Product is expected to grow 1.8% in Q2, with a sturdy 2.4% growth rate for final sales thanks to solid growth rates of 3.9% for personal consumption and 4.3% for government purchases, alongside a big $27 bln unwind of the Q1 inventory pop.




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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 23, 2019, 10:22:15 AM

Date : 23rd July 2019.


MACRO EVENTS & NEWS OF 23rd July 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-23_09-39-08-696x231.jpg)


FX News Today


* Global stock markets have been buoyant.


* Treasuries held modest gains to start the week, unwinding Friday’s selloff on the NY Fed’s walk back, albeit in a low volume trade.


* Japanese bourses outperformed in thin trade, while markets in Hong Kong and mainland China struggled to make headway and China’s new Star market of tech companies fell back after the rally on the first day of trading yesterday.


* Stock futures in the US and Europe are moving higher, led by a 0.6% rise in the GER30 future as markets hopes for at least a dovish signal from the ECB on Thursday, with some lingering hope that the central bank will already move this week.


* A meeting between tech executives and White House officials yesterday sparked hopes of progress on Huawei, which would help to clear hurdles for fresh face to face trade talks between China and the US.


* RBNZ has reportedly been taking a fresh look into unconventional measures and hopes of easing from not just the Fed, but also the ECB helped to underpin sentiment as did an announcement from US President Trump of a bipartisan deal to suspend the borrowing limit and boost government spending levels for two years.


* Oil prices remain underpinned by ongoing tensions in the Middle East, leaving the WTI future trading at USD 56.31 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-23_09-38-42-696x569.jpg)


Technician’s Corner


* EURUSD – It descended to a 1-month low at 1.1189, driven by bearish bias for a third consecutive day. Recent tops have been limited to the 1.1280 region, and ahead of the ECB meeting on Thursday, the pairing remains in sell-the-rally mode. The Bank is expected to shift to an explicit easing bias this week, with a rate cut likely coming at the September meeting. While a Fed rate cut of 25 basis points is expected at the end of July, it has been priced into the Dollar for now. Further dovish noises from the ECB should see the Euro give way on Thursday, with the first major downside target at the June low, of 1.1159.


* NZDUSD – The biggest mover out of the main pairings has been NZDUSD, which fell over 0.3% in hitting a six-day low at 0.6729. This came with the RBNZ reportedly taking a fresh look into unconventional monetary policy stimulus measures. Next Support holds at 200-day SMA at 0.6718, while Resistance is set at Wednesday’s high, at 0.6745.


Main Macro Events Today


* The announcement of the next Prime Minister of the UK – Event of the week – Original Brexit campaigner Boris Johnson remains the front runner in the race and is widely expected to be confirmed as the new Prime Minister today.


* Housing Data (USD, GMT 14:00) – A steady rate is anticipated for existing home sales in June at the firm 5.340 mln pace seen in May. The median sales price is estimated to ease to $275,000, for a y/y gain of 0.4%, down from 4.8% in May. In Q1, we saw an average sales pace of 5.207 mln. In Q2, a better 5.297 mln pace is expected.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-17_09-35-36.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 24, 2019, 10:40:38 AM

Date : 24th July 2019.


MACRO EVENTS & NEWS OF 24th July 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-24_09-23-40-696x329.jpg)


FX News Today


* In Europe, Core EGB yields declined in the PM session with Gilts outperforming Bunds after the crowning of Boris Johnson as the new leader of the UK Conservative Party.


* Johnson is now set to be confirmed as Prime Minister tomorrow and investors are raising their no-deal Brexit bets, which is also fuelling easing expectations.


* A weaker than expected UK CBI industrial confidence survey as well as dovish leaning comments from BoE’s Saunders underpinned the rebound in Gilts and saw the UK 10-year rate falling back -1.6 bp to 0.688%.


* The ECB’s latest credit conditions survey also played into the hands of the doves at the council as it showed that credit conditions tightened in the second quarter.


* Stock markets meanwhile rallied on the combination of positive earnings reports and hopes of further central bank support.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-24_09-38-30-696x569.jpg)


Technician’s Corner


* USDJPY recovered to 1-week highs of 108.28 overnight, gaining ground from Asian lows of 107.83 but it gave back some gains today by turning back to low 108 area into London open. Overall, risk-on conditions have supported, with USDJPY advances coming on the back of rallying equities. Last week’s 108.37 is a key next resistance level, and above there, market participants could turn their attention to the 50-day MA, which currently sits at 108.50.  On the flipside, on the break of 20-day MA at 108.07, next Support comes at 107.79 (June 15 low).


* USDCAD rallied to July highs, topping at 1.3162 in early North American trade, and up from post-Monday close lows of 1.3111. General USD strength, coming as the market scales back its Fed easing expectations, has provided support to the pair. In addition, a lack of upside in WTI crude, despite geopolitical concerns, largely with Iran, has weighed on the CAD as well. The June 26 high of 1.3196 is the next resistance level if the asset moves above 1.3160, though buy-stops are expected over the 1.3200 level. On the flipside Support is set at 1.3120-1.3125 area. A move below the latter could open the doors below 1.3100 area.


Main Macro Events Today


* Services and Manufacturing PMI (EUR, GMT 07:30) – Preliminary Composite PMIs  for Eurozone and Germany are expected to fall in July, to 51.8 and 52.5 respectively, while the Manufacturing PMIs are forecasted at 48.0 and 45.4 respectively.


* Services and Manufacturing PMI (USD, GMT 13:45) – Preliminary Manufacturing and Services PMIs are expected to decline in July, to 50.4 from 50.6 and 51.0 from 51.5 respectively.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-17_09-35-36.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 25, 2019, 08:47:39 AM

Date : 25th July 2019.


MACRO EVENTS & NEWS OF 25th July 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-25_09-36-58-696x446.jpg)


FX News Today


* Treasury yields came down from overnight highs and fell back to 2.04%, unchanged from yesterday’s close.


* Aussie and Australia’s benchmark bond yields hit record lows after RBA Governor Lowe signalled that he is prepared to cut rates again if needed and Asian stock markets moved cautiously higher.


* Earnings reports and expectations for further central bank support have helped to underpin equity markets this week, but while markets are looking for a clear easing signal if not a cut from the ECB today, Asian equity markets moved only cautiously higher.


* Worse than expected losses from Tesla and reports that North Korea resumed missile launches highlighted not only that geopolitical risks remain high, but also that overall valuations are already lofty.


* US futures are mixed, with NASDAQ futures underperforming and down -0.2%.


* USOIL spiked to $57.60 on another 10 million barrel draw-down but sank to $56 on weak global economic outlook on the back of the manufacturing PMI data.


* Euro touched its lowest since May 31 following the weak Eurozone PMIs during the London morning session, printing 1.1127.


* Gold continues to track sideways with Support at 1,420 and Resistance at 1427.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-25_09-39-09-696x564.jpg)


Technician’s Corner


* EURUSD touched its lowest since May 31, following the weak Eurozone PMIs during the London morning session. Euro weakness has been a feature this week, in anticipation of ECB meeting, where a shift to an easing bias is universally anticipated. Given the weak PMIs, there is a chance the Bank may even cut rates modestly, which would likely weigh further on EURUSD. Next support comes at the June low, of 1.1159 and the 2019 low of 1.1107 seen on May 23.


Main Macro Events Today


* German IFO (EUR, GMT 08:00) – German IFO business confidence is expected to slip to 96.7, after it held steady the past 2 months around the 97 barrier.


* Event of the week – Interest rate Decision and Conference (EUR, GMT 11:45) –The ECB is meeting on July 25, – shortly after the confirmation of the new PM in London and ahead of the Fed, which is widely expected to cut rates again at the end of the month. On balance, markets see more merit in keeping official rates unchanged next week, while moving to an official easing bias and promising that rates will be at “current or lower” levels well into next year.


* ECB Monetary Policy Statement (EUR, GMT 12:30) – The July meeting will clearly be a “live” one with doves and hawks battling it out over when to deliver the now widely expected easing measures. It is expected that the majority will see more merit in keeping policy settings unchanged, but change the guidance to introduce a clear easing bias.


* Durable Goods (USD, GMT 12:30) – Durable goods orders are expected to rise 1.0% in June, after a -1.3% figure in May. Transportation orders should rise 2.7%. Boeing orders rose to only 9 from just zero in May, with weakness due to the hit from problems with the Boeing 737 Max that prompted buyers to delay new purchase commitments. Vehicle assemblies should ease to 11.1 mln from an 11.3 mln pace in May. Durable shipments are expected to rise 0.5%, and inventories should rise 0.6%. The I/S ratio is expected to hold steady at 1.67 since April.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-17_09-35-36.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on July 30, 2019, 09:39:55 AM

Date : 30th July 2019.


MACRO EVENTS & NEWS OF 30th July 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-30_09-29-50.jpg)


FX News Today


* Treasury yields slip along with core EGBs after BoJ and looking to 25 bp Fed cut and dovish stance.


* BoJ kept policy on hold but promised to act aggressively with additional easing measures if its policy goals are threatened.


* European stock futures are marginally higher, alongside gains in US futures after a largely positive session for stocks in Asia.


* US-Sino trade talks resume today.


* In Europe, a no-deal Brexit scenario is looking increasingly certain as the new PM in London steps up the hostile rhetoric and focuses on selling no-deal at home, while showing no interest in re-opening the lines of communication with Brussels.


* GBP losses accelerated on no-deal Brexit risk; hit major trend lows vs USD and others.


* The WTI future lifted to USD 57.20 per barrel.


* German GfK consumer confidence fell back to 9.7 in the advance August reading. With no improvement in manufacturing the improvements on the German labour market are running out of steam and ultimately that will also impact consumption going down the line.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-30_09-30-49-696x573.jpg)


Technician’s Corner


* USDJPY: The Yen has firmed moderately in the wake of the BoJ policy announcement. Market narratives have mostly taken the view that the central bank was a little less dovish than expected, especially with both the Fed and ECB heading to rate cuts.  USDJPY drifted to near 108.50 from a 3-week high that was seen ahead of the data, following disappointing industrial production figures out of Japan, at 108.94. EURJPY and other Yen crosses saw a similar fall-from-highs price action. The BoJ kept its short-term interest rate target at -0.1% and its pledge to guide 10-year JGB yields around 0% while maintaining its asset buying programme. The central bank signalled its commitment to keep interest rates at current levels “for an extended period of time, at least through around spring 2020,” commenting that “the momentum for achieving 2% inflation is sustained, but lacks strength.” The forward guidance was pretty much unchanged from existing guidance, which seemed to cause a modicum of disappointment in forex markets, though JGB yields still dipped while the JPN225 closed with a 0.4% gain on the day. Overall, the balance of risks for USDJPY and EURJPY seem to the downside, with both the Fed and ECB having much more room to add monetary stimulus than in the case of the BoJ.


Main Macro Events Today


* Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The German HICP inflation is expected to slip back to 1.3% y/y for July after it was  revised up to 1.5% y/y in June.


* Consumer confidence (USD, GMT 14:00) – Consumer confidence is expected to bounce to 128.0 in July from 121.5 in June, versus another 16-month low of 121.7 as recently as January and an 18-year high of 137.9 in October. Overall, confidence measures remain historically high.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/07/2019-07-30_09-57-53.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 05, 2019, 10:23:38 AM

Date : 5th August 2019.


MACRO EVENTS & NEWS OF 5th August 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/events2_1200x628-1068x559.png)


* Following the FOMC meeting last week, two interest rate decisions (RBA and RBNZ) are scheduled next week. An on-hold stance is expected from RBA and more easing by RBNZ. From an economic perspective, GDP releases are the highlights, while with the focus on geopolitical trade tensions, data releases are likely to be overlooked.


Monday – 05 August 2019


* Services PMI (GBP, GMT 08:30) – The UK Services PMI is expected to stay unchanged at 50.2, a three-month low and drop from May’s 51.0 reading.The indicator effectively signals stagnation, with the sector only expanding fractionally, and at risk of tipping into recession; a consequence of both Brexit-related uncertainty and geopolitical trade tensions.


* Non-Manufacturing PMI (USD, GMT 14:00) – The US Non-Manufacturing PMI is expected to rise to 55.5 in July from 55.1 in June and a 19-month low of 56.1 in March, versus a 13-year high of 60.8 in September. The available July sentiment surveys have partly reversed the June downdraft in sentiment, though we’ve seen divergent swings for some measures.


Tuesday – 06 August 2019


* Interest Rate Decision and Statement (AUD, GMT 04:30) – Reserve Bank of Australia is expected to keep rates unchanged at 1.00% (June and July saw the first back-to-back rate trimming since 2012). The latest data has strengthened the view that the RBA, after implementing back-to-back rate cuts, will be on hold for the foreseeable, albeit retaining a dovish policy stance.


* JOLTS Job Openings (USD, GMT 14:00) – JOLTS define Job Openings as all positions that have not been filled on the last business day of the month. June’s JOLTS job openings is expected to fall slightly at 7.268M, following the 7.32M in May.


Wednesday – 07 August 2019


* Interest Rate Decision and Press Conference (NZD, GMT 02:00-03:00) – The Reserve Bank of New Zealand is expected to proceed with a second rate cut this year. The consensus presents a 25bp rate cut.


* Ivey PMI (CAD, GMT 14:00) – A survey of purchasing managers, the Index provides an overview of the state of business conditions in the country. Canada’s July Ivey PMI is expected to improve 2.6 points to 55.00 after the decline seen in June. The data is supportive of the steady policy story, as the economy returns to potential growth contrasts with an outlook “clouded by persistent trade tensions.”


Thursday – 08 August 2019


* Gross Domestic Product (JPY, GMT 23:50) – Growth in Japan is expected to have decreased by 0.5% in the second quarter from the 0.6% in the first quarter, reflecting weaker exports due to cooling global demand and trade tensions.


Friday – 09 August 2019


* Gross Domestic Product (GBP, GMT 08:30) – The GDP for the second quarter could be seen declining due to the renewed rise in no-deal Brexit risks which negatively impacted data releases, and the slump in the June manufacturing PMI which highlights the extent of the deterioration in sentiment.  The preliminary release of UK Q2 GDP growth is expected at the 1.4% y/y figure from the 1.8%seen in the last quarter.


* Employment Change (CAD , GMT 12:30) – Employment change is seen spiking to 10.0k in the number of employed people in July, compared to the decline 2.2k in June. The unemployment rate is expected to remain at 5.5%. A possible lack in total jobs during July is unlikely to challenge the BoC’s steady-as-it-goes policy position.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 06, 2019, 08:37:53 AM

Date : 6th July 2019.


MACRO EVENTS & NEWS OF 6th July 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-06_09-17-10-696x285.jpg)


FX News Today


* Bond as well as stock markets were under pressure during the Asian session.


* Global equities in general, continued to get hammered by the escalation in trade tensions.


* Data was thin, but the disappointing ISM services report added marginally to the bearish tone in stocks.


* RBA left rates on hold amid a “reasonable” outlook for the global economy, but also highlighted downside risks from trade tensions.


* The US officially labelled China a “currency manipulator“.
The JPN225 are down 0.9%, the ASX slumped -2.4%, while the Hang Seng corrected -0.9%.


* With the US-Sino trade spat rapidly escalating investors are heading for cover amid fears that the U.S. will up the threatened additional tariffs to 25% from the 10% President Trump had mentioned so far.


* German manufacturing orders jumped 2.5% m/m in June, a much stronger than expected reading, that partly compensated for the -2.0% m/m decline in May.


* The front end WTI future is currently trading at $55.29 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-06_09-19-05-696x528.jpg)


Technician’s Corner


* EURUSD printed 2-week highs of 1.1249, up from lows of 1.1170 yesterday. The latest trade was escalations between the US and China, have ramped up Fed easing speculation, with a September 25 bp rate cut fully priced into the market. This has given the Dollar a hard time of late, resulting in the DXY dropping from over 2-year highs last week, to 2-week lows on Monday. The Euro is currently over its 20-day moving average at 1.1185 for the first time in nearly a month, and now has sights set on the 50-day MA at 1.1235 and 200-day MA at 1.1295.


* USOIL is down near 6% versus last week’s peak. The ramping up of the U.S. China trade war overnight, as China devalued its Yuan, and halted purchases of US agricultural goods weighed on oil prices, with traders focused on prospects for lower global growth, and oil demand destruction. Last Thursday’s six-week low of $53.59 remains the next support level, while Resistance is at Friday’s high and 10-day EMA at 56.00 .


* USDCAD pulled back from overnight highs of 1.3220, falling to 1.3202. Oil prices remain a driver of USDCAD direction, while concerns over slowing global growth could keep crude prices under pressure, resulting in a higher USDCAD.


Main Macro Events Today


* JOLTS Job Openings (USD, GMT 14:00) – JOLTS define Job Openings as all positions that have not been filled on the last business day of the month. June’s JOLTS job openings is expected to fall slightly at 7.268M, following the 7.32M in May.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-06_09-19-50.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 07, 2019, 09:29:34 AM

Date : 7th August 2019.


MACRO EVENTS & NEWS OF 7th August 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-07_09-38-21.jpg)


FX News Today


* RBNZ surprises markets with hefty 50 bps cut; official rate now at 1.00%.


* India’s RBI cut rates by 35 bps – more than expected; repo rate at 5.4%.


* Decisive action from central banks in New Zealand and India also fueled fresh speculation of deep cuts from the likes of Fed and ECB.


* New Zealand’s 10-year rate led a broad slide in yields across Asia.
The RBNZ surprised markets with a hefty 50 bp cut that left the official cash rate at a record low of 1.00% and will spark fresh speculation of deep cuts world-wide.


* The NZD dropped sharply as a result and AUD was also dragged lower as the 10-year rate dropped -8.3 bp, with traders expecting the RBA to follow.


* Still, pressure eased somewhat in stock markets, after China took steps to steady the Yuan yesterday.


* JPN225 is down -0.27%.


* US futures are in the red after a positive close on Wall Street yesterday and the WTI future is trading at just USD 53.66 per barrel.


* In Europe, German production numbers at the start of the session underpinned easing hopes.


* German industrial production slumped -1.5% m/m in June, with the May reading revised down to just 0.1% m/m.


* The German curve has already settled below zero and pressure on Draghi to not just cut rates but restart asset purchases is mounting.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-07_09-40-32-696x566.jpg)


Technician’s Corner


* NZDUSD: The New Zealand Dollar over 2% in hitting its lowest level against the US Dollar since January 2016, at 0.6377, and trading at near seven-year lows in the case against the Yen. This followed a more aggressive than expected 50 bp rate cut by the RBNZ to an all-time low 1.00%, which was pinned on flagging growth conditions as a consequence of simmering trade tensions and a global economic slowdown.


* AUDUSD fell in sympathy, with the RBA, after cutting rates in June and July, having signalled yesterday that more rate cuts could be in the pipeline. The pair smashed through the early January flash-crash low on route to printing a 10-year nadir at 0.6677. AUDJPY also dove into 10-year low territory.


* USDJPY: The Yen lifted against the Dollar and Euro, though remained below highs seen earlier in the week. USDJPY posted a low at 105.93, extending the retreat from yesterday’s 107.09 high.


* EURUSD continued to orbit the 1.1200 level. Sterling came back under pressure after a positional-driven rally earlier in the week. Cable nudged back under 1.2150 after failing to sustain gains above 1.2200, while EURGBP lifted back above 0.9200, drawing back in on the 24-month high at 0.9249.


Main Macro Events Today


* Ivey PMI (CAD, GMT 14:00) – A survey of purchasing managers, the Index provides an overview of the state of business conditions in the country. Canada’s July Ivey PMI is expected to improve 2.6 points to 55.00 after the decline seen in June. The data is supportive of the steady policy story, as the economy returns to potential growth contrasts with an outlook “clouded by persistent trade tensions.”


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-06_09-19-50.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 08, 2019, 09:52:09 AM

Date : 8th August 2019.


MACRO EVENTS & NEWS OF 8th August 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-08_09-42-24.jpg)


FX News Today


* Markets remained choppy Wednesday amid heightened fears over the bearish signals from the drop in rates.


* Better than expected China trade numbers, which showed a rebound in exports helped to underpin sentiment after a slightly higher than anticipated Yuan fixing.


* Fears about the impact of the escalating trade conflict eased somewhat, also helped by news that Japan will allow some exports of semiconductor manufacturing material to South Korea, which suggests easing tensions between the two countries.


* Wall Street losses were pared and the NASDAQ recovered into the green. US futures are up 0.4-0.7%.


* Investors remain jumpy and markets volatile, however, while the inversion of the yield curve looks worrying and highlights the rise in recession fears.


* Oil remains sharply weaker on growth fears and widening supply-demand dynamics. It is currently trading at $52.70.


* The official fixing of the onshore Yuan today was at a new 10-year plus low against the Dollar.


* RBNZ Governor Orr also repeated that negative rates are a possibility, which comes a day after the central bank caught widespread attention by implementing its first 50 bp easing since the immediate aftermath of 9/11.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-08_09-39-52-696x568.jpg)


Technician’s Corner


* YEN: The Yen has traded softer, concurrently with a tentative rebound in stock markets, which was seen on Wall Street into the close yesterday, and followed up with gains across Asia-Pacific bourses. USDJPY settled in the lower 106.00s, above the 7-month low seen yesterday at 105.49. AUDJPY, EURJPY and other Yen crosses also posted moderate gains as the Japanese currency saw some of its safe haven premium unwind. Better than expected China trade numbers and Japan and South Korea’s news helped buoy investor spirits, and while the official fixing of the onshore Yuan today was at a new 10-year plus low against the Dollar of 7.0039 (up from 6.9996 yesterday), a little firmer than markets had been anticipating.


Main Macro Events Today


* Jobless Claims (USD, GMT 12:20) – Initial jobless claims for the week of August 3 are estimated to fall to 214k, after rising to 215k in the week of July 27. Claims should average a cycle-low 212k in July, as seen last September, versus 222k in June and 217k in May. Claims drifted higher into June from tight levels through May, with a spike higher with the advent of the auto retooling season, but with an ensuing drop into mid-July with seasonal factor payback.


* Gross Domestic Product (JPY, GMT 23:50) – Growth in Japan is expected to have decreased by 0.5% in the second quarter from the 0.6% in the first quarter, reflecting weaker exports due to cooling global demand and trade tensions.




Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-08_09-37-25.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 12, 2019, 09:28:29 AM

Date : 12th August 2019.


MACRO EVENTS & NEWS OF 12th August 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/events2_1200x628-696x364.png)


* Following a week of aggressive global central bank easing, with the escalation of the US-China trade war that is looking to have turned into a currency war, markets might take a small breath in the week ahead. However, the markets expected to remain volatile as the week is packed of economic data releases.


Tuesday – 13 August 2019


* Harmonized Index of Consumer Prices (EUR, GMT 06:00) – The final German HICP inflation for July expected to remain at 1.1% y/y after falling from 1.3% y/y in July’s preliminary release.


* Average Earnings & ILO Unemployment Rate (GBP, GMT 08:30) – The ILO unemployment rate (3-month) is expected to have remained at 3.8%, with average income falling 3.5% y/y in the three months to June in the ex-bonus figure,  and to 3.1% in the in-bonus figure from 3.4% y/y in July.


* ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for August is projected at -22.3 from the -24.5 seen last month, as the current conditions indicator for Germany turned negative. The overall Eurozone reading though expected to improved slightly at -3.1 from -20.3.


* Consumer Price Index (USD, GMT 12:30) – US CPI is expected to rise a 0.2% headline in July with a 0.2% increase in core prices, following respective June readings of 0.1% and 0.3%. As-expected gains would result in a headline y/y gain of 1.6%, steady from 1.6% in June, while core prices should rise 2.1%, a steady pace from June. Overall, the inflation outlook remains benign, though with an updraft into the end of Q1 and early-Q2 from a petroleum price rebound that reversed course temporarily in May.


Wednesday – 14 August 2019


* Industrial Production and Retail Sales (CNY, GMT 02:00) – The Chinese Industrial Production growth is expected to have decreased at 5.8% y/y in July from 6.3% y/y last month. A weak reading is also expected in Retail Sales figure at 8.6% from 9.8%.


* Gross Domestic Product (EUR, GMT 06:00-09:00) – German Preliminary Q2 results are expected to have stood at 0.4% q/q. Eurozone prelim. Q2 GDP growth expected to be confirmed at 0.2% q/q and 1.1% y/y.


* Consumer Price Index (GBP, GMT 08:30) – The UK July CPI expected to meet once again the expectations at 2.0% y/y, which was unchanged from the May rate. Core inflation should remain to 1.8% y/y. The data fits BoE projections, and shows that perky wage inflation hasn’t translated into higher headline rates yet.


Thursday – 15 August 2019


* Employment Data (AUD, GMT 01:30) – While the Unemployment Rate is expected to have remained at 5.2% in July, employment change is expected to have increased to 26.8K from 0.5K last month.


* Retail Sales (GBP, GMT 08:30) – UK Retail Sales are expected to have declined to -1.4%m/m in July following a 1.0% m/m contraction in June. In the y/y comparison, sales should rise 4.0% while the ex-fuel is projected at 2.7% y/y from 3.6% y/y.


* Retail Sales and Core (USD, GMT 12:30) – A 0.3% July retail sales headline is anticipated with a 0.5% increase for the ex-autos figure, following 0.4% June gains for both measures. Gasoline prices should provide a boost to retail activity given an estimated 1.7% gain for the CPI gasoline figure, though unit vehicle sales fell to a 16.8 mln pace in July from a 17.1 mln clip in June. Real consumer spending is expected to grow at a 2.9% rate in Q3, following the 4.3% Q2 clip.


* Philadelphia Fed Index (USD, GMT 12:30) – The Philly Fed index is seen falling to 9.0 from a 1-year high of 21.8 in July, versus a 33-month low of -4.1 in February. The producer sentiment readings all moderated through the turn of the year from elevated levels in response to global growth concerns, falling petroleum prices, fears about the ongoing trade war, and the partial government shutdown.


Friday – 16 August 2019


* Housing Data and Building Permits (USD, GMT 12:30) – Housing starts should rise to a 1.260 mln pace in July, after a dip to 1.253 mln in July. Permits are expected to improve to 1.270 mln in July, after falling to 1.232 mln in June. Overall, starts and permits should show a firm path into Q3, and the Q3 averages are expected of 1.263 mln for starts and 1.295 mln for permits.


* Michigan Consumer Sentiment Index (USD, GMT 14:00) – The preliminary August Michigan sentiment reading is forecast at 97.5, up from the final July sentiment at 98.4.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 13, 2019, 09:46:58 AM

Date : 13th August 2019.


MACRO EVENTS & NEWS OF 13th August 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-13_9-55-05.jpg)


FX News Today


* RISK OFF


* 10-year Treasury yields are down -0.8 bp at 1.637%, JGB yields fell back -1.4 bp to -0.341% after falling to the lowest level since 2016 during the course of the session.


* Risk Aversion continued to dominate during the Asian session and stock markets headed south after the S&P fell more than 1.5% on Monday.


* Bond markets remained supported as investors continue to bet on further central bank action with trade concerns, Brexit risks and political unrest in Hong Kong adding to the risk off backdrop. U.S. 30-year rates are nearing all time lows with Argentina default risks only boosting the flight to quality that is seeing a marked flattening of the curve.


* In Asia escalating political protests in Hong Kong remain in focus and Australia’s 10-year bond yield opened at a fresh all time low. China’s 10-year rate meanwhile fell below 3% for the first time since 2016 before steadying slightly above the 3% mark.


* GOLD breaches $1520.00 (highest since April 2103) and USOil meanwhile is trading at USD 54.81 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-13_9-32-04-696x312.jpg)


Technician’s Corner


* USD: The The dollar has traded moderately firmer against most of the other main currencies outside the case against the Australian dollar, which has modestly outperformed so far today. The yen softened, correcting some of the recent safe-haven driven gains, despite a tumble on Wall Street yesterday and across Asian equity bourses today, though the Japanese currency has lifted out of its lows into the London interbank open. There is plenty on the worry list, including disruptive pro-democracy protests in Hong Kong and a crash in Argentina’s peso following a poor performance of market-friendly Argentine President Macri in presidential primaries. Singapore also made a substantial cut to its GDP forecast for 2019 (to between 0% and 1%, down from 1.5%-2.5%), citing the deteriorating global conditions, with the Hong Kong situation, along with the U.S.-China and South Korea-Japan trade wars, and Brexit, all getting a mention. The U.S. yield curve is now at its lowest level since 2007, which is seen by many as portending recession, or at least a significant risk of recession. GS analysts also said that the U.S.-China trade war will have a bigger detrimental impact on the U.S. economy than it previously thought. A Reuters poll, meanwhile, found a new high in the probability being ascribed by analysts for there being a no-deal Brexit, which is now pegged at 35%, up from 30% in the previous survey. Amid all this, the PBoC set the yuan at a new near 11-year low against the dollar at the day’s midpoint fixing, at 7.0326, versus 7.0211 yesterday. Given the risk-on vibe, the yen looks likely to find fresh demand in London, with shorts of AUD-JPY and GBP-JPY likely


Main Macro Events Today


* Average Earnings & ILO Unemployment Rate (GBP, GMT 08:30) – The ILO unemployment rate (3-month) is expected to have remained at 3.8%, with average income falling 3.5% y/y in the three months to June in the ex-bonus figure,  and to 3.1% in the in-bonus figure from 3.4% y/y in July.


* ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for August is projected at -22.3 from the -24.5 seen last month, as the current conditions indicator for Germany turned negative. The overall Eurozone reading though expected to improved slightly at -3.1 from -20.3.


* Consumer Price Index (USD, GMT 12:30) – US CPI is expected to rise a 0.2% headline in July with a 0.2% increase in core prices, following respective June readings of 0.1% and 0.3%. As-expected gains would result in a headline y/y gain of 1.6%, steady from 1.6% in June, while core prices should rise 2.1%, a steady pace from June. Overall, the inflation outlook remains benign, though with an updraft into the end of Q1 and early-Q2 from a petroleum price rebound that reversed course temporarily in May.




Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-13_10-18-17-300x137.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



Stuart Cowell
Head 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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 19, 2019, 10:28:28 AM

Date : 19th August 2019.


Events to Look Out for This Week.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/events2_1200x628-696x364.png)


Trade worries remain and are expected to keep flip-flopping between risk-off and risk-back-on sentiment. Hopes for more central bank stimulus vies with fears that a number of major economies are simultaneously heading for recession, with a number of developing-world economies with high Dollar debt levels particularly exposed to the shifting financial cycle. Given these fears, further conciliatory remarks are likely from both China and the US with regard to their trade spat. Nevertheless, next week the economic calendar also focuses on the PMI releases globally.


Monday – 19 August 2019


* Consumer Price Index and Core (EUR, GMT 09:00) – The Euro Area CPI for July is expected to hold at 1.1%y/y in the final July reading from 1.3%y/y in June. Energy price inflation was clearly largely to blame and the core rate fell back to just 0.9%y/y from 1.1%y/y in the previous month. The core is anticipated to remain unchanged as well. With growth slowing down and the improvement on the labour market starting to fizzle out, chances are that inflation will continue to undershoot the ECB’s target range, thus adding to arguments for a comprehensive easing package in September.




Tuesday – 20 August 2019


* Monetary Policy Meeting Minutes (AUD, GMT 01:30)– The RBA left rates on hold in its last meeting, after back-to-back rate cuts in June and July, which put the cash rate at a record low of 1.00%, while Governor Lowe said that more easing measures could be needed. Minutes are expected to shed further light regarding future easing stance.


* Manufacturing Sales (CAD, GMT 12:30)[/B]– Manufacturing sales are anticipated to grow 2.0% in June after a 1.6% rebound in shipment values was revealed during May and following a 0.4% decline in April. The surge in transport equipment sales is consistent with the improving economy and as such fits with the BoC’s overall view that the economy is improving after temporary weakness in Q4/Q1.




Wednesday – 21 August 2019


* Consumer Price Index (CAD, GMT 12:30) – Canada’s CPI did not challenge the outlook for steady BoC policy this year. CPI slowed to a 2.0% y/y pace in June from the lofty 2.4% y/y clip in May. Inflation remains around the 2 percent target, with some recent upward pressure from higher food and automobile prices. Core measures of inflation are also close to 2 percent. Even though CPI inflation will likely dip this year because of the dynamics of gasoline prices and some other temporary factors, the annual and monthly numbers for July are expected to remain steady. As slack in the economy is absorbed and these temporary effects wane, inflation is expected to return sustainably to 2 percent by mid-2020.


*FOMC Minutes (USD, GMT 18:00) – The FOMC minutes, similar to the ECB Reports, provide an assessment as regards the views of the Fed’s policymakers about the interest-setter’s future stance and are usually a cause for FX turbulence.


Thursday – 22 August 2019


* Jackson Hole Symposium – Day 1


*Services and Manufacturing PMI (EUR, GMT 07:30-08:00) – July PMI readings highlighted manufacturing weakness. This picture is likely to be seen again in the preliminary readings for August, as Manufacturing PMI has been forecast at 46.3 from 46.5 last month, still down from 47.6 in June, and indicates a deepening recession in a sector that has been hit very hard by global trade tensions and no-deal Brexit risks. Meanwhile Services PMI is expected to fall to 52.7 from 53.2.


*Services and Manufacturing PMI (USD, GMT 13:45) – Preliminary Manufacturing are expected to grow in August, to 51.0 from 50.4, as Services PMIs are likely to fall to 51.7 from 53.


*New Zealand Retail Sales (NZD, GMT 22:45) – Usually considered an index of consumer confidence and overall consumption in the economy, higher retail sales point to higher consumption and hence higher economic growth which is good for the currency.


Friday- 23 August 2019


* Jackson Hole Symposium – Day 2


*Retail Sales ex Autos (CAD, GMT 12:30) – Retail sales are expected to have decreased in Canada, with consensus forecasts suggesting a -0.5% m/m decline should be registered in June and an unchanged ex-autos component at 0.3%. In May, Retail sales were disappointing, falling 0.1% for total sales and declining 0.3% for the ex-autos component. The decline in sales was driven by a 2.0% tumble in food and beverage stores. The report casts some doubt on the resiliency of the consumer sector to the ongoing parade of worrisome geopolitical and trade developments.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 20, 2019, 08:02:08 AM

Date : 20th August 2019.


MACRO EVENTS & NEWS OF 20th August 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-20_09-40-26.jpg)


FX News Today


* Trade talk hopes and expectations of further stimulus measures kept stock markets underpinned during the Asian session.


* Treasury yields fell back as hopes of fiscal easing were scaled back somewhat.


* The US administration denied plans to cut payroll taxes to support growth and Germany’s reported contingency plan for a fiscal package in case of a deep recession, are clearly not the central scenario for now.


* The 10-year rate is down 1.5 bp at 1.591%, JGB yields dipped -0.1 bp to -0.241%.


* US President Trump called on the Fed to cut rates by “at least 100 basis points“. Fed’s Rosengren meanwhile pushed back against further rate cuts, saying that he is not convinced that slowing trade and global growth will significantly dent the economy.


* Comments from US Commerce Secretary Ross that the US will delay restrictions imposed on some of Huawei’s business operations helped to underpin sentiment, although.


* RBA Minutes:  The minutes to the early-August RBA policy meeting were released without surprises, affirming its wait-and-see-easing-bias stance while repeating its view that the weaker currency will help exports and tourism.


* Italian BTPs are underperforming this morning, ahead of PM Conte’s showdown in the Senate, although it seems Salvini’s attempt at a power grab may be backfiring as his coalition partner is trying to form an alliance with opposition parties.


* Topix and Nikkei are currently up 0.7% and 0.5% respectively. The Hang Seng is up 0.09% but the Shanghai Comp down 0.01%.


* European stock futures are slightly higher, as are US futures after a largely positive session in Asia.


* The WTI future is trading at USD 56.30 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-20_09-40-13-696x563.jpg)


Technician’s Corner


* The Australian dollar has traded firmer and, to a lesser extent, the New Zealand buck. AUDUSD printed a 5-day high, at 0.6795, as did AUDJPY, at 72.36. Among the other main currencies, there has remained a lack of directional impulse. EURUSD has remained settled in the upper 1.1000s, holding below 1.1100, and USDJPY has become anchored around 106.50. The Dollar hasn’t been much affected by US President Trump’s call for the Fed to cut rates by “at least 100 basis points”. Overall investor sentiment is much less frayed that it was last week, with expectations for stimulus in major economies, along with Trump’s partial climbdown in his trade war with China, assuaging recession fears.


Main Macro Events Today


* Manufacturing Sales (CAD, GMT 12:30) – Manufacturing sales are anticipated to grow 2.0% in June after a 1.6% rebound in shipment values was revealed during May and following a 0.4% decline in April. The surge in transport equipment sales is consistent with the improving economy and as such fits with the BoC’s overall view that the economy is improving after temporary weakness in Q4/Q1.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-16_8-19-56.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 21, 2019, 08:34:50 AM

Date : 21st August 2019.


MACRO EVENTS & NEWS OF 21st August 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-21_08-55-52-696x296.jpg)


FX News Today


* Wall Street suffered another bout of weakness inspired by declines in Treasury yields.


* The USA500 lost near 0.8% after a late selloff, with the USA30 off 0.66%, ending the recent run of gains.


* Stocks traded mixed in Asia, while European as well as US futures are posting slight gains ahead of today’s Fed minutes and Powell’s speech at the Jackson Hole symposium later in the week.


* A drop in European rates spilled over to Treasuries, with the long end outperforming. That compressed the yield curve again, one of the main factors behind last Wednesday’s plunge on Wall Street.


* The markets will remain focused on the Fed today with the release of the minutes from July 30, 31 FOMC with hopes for dovish signals. Nearly 70 bps in easing is expected over the rest of the year.


* Top negotiators from Japan and the US will meet this week to try and narrow the gaps in ongoing trade talks, but hopes that there will be substantial progress on the key issues agriculture and automobiles seem to be fading.


* Italian BTPs outperformed yesterday on hopes that new elections can be avoided and that an alternative coalition government can be found to bring at least the 2020 budget underway helped to underpin Italian assets on Tuesday and at least so far there is no sign of contagion risks.


* Germany meanwhile will sell its first 30-year Bund with a zero coupon, and yields in today’s auction could turn negative for the first time.


* The AUD remained underpinned by upbeat comments from the RBA on the growth outlook in yesterday’s minutes.


* The WTI future is trading at USD 56.36 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-21_09-37-04-696x565.jpg)


Technician’s Corner


* EURUSD bounced to 1.1100 highs on a short covering move, after failing to make any downside progress under Friday’s over 2-week low of 1.1066, along with another Treasury yield lurch lower. The pairing looks to be consolidating losses seen over the past week or so, and with sell-stops now said to be building around the 1.1050 level, a downside break is looking more likely. Not as dovish as expected FOMC minutes on Wednesday could save Euro bulls for now, though with the ECB primed to ease further, Germany poised for fiscal stimulus, the unknown impact of Brexit, and the political crisis in Italy, EURUSD looks set to test the 27-month low of 1.1027 seen on August 1.


* USDCAD rallied yesterday at 1.3344 a 2-month high, as WTI crude fell $1/bbl to $55.20, and as Canada manufacturing data came in on the soft side. USDCAD later pulled back toward 1.3310 as oil recovered some lost ground. The 200-day MA at 1.3305 becomes support now, after closing above the level on Monday. Resistance is the June 19 top of 1.3383.


Main Macro Events Today


* Consumer Price Index (CAD, GMT 12:30) – Canada’s CPI did not challenge the outlook for steady BoC policy this year. CPI slowed to a 2.0% y/y pace in June from the lofty 2.4% y/y clip in May. Inflation remains around the 2 percent target, with some recent upward pressure from higher food and automobile prices. Core measures of inflation are also close to 2 percent. Even though CPI inflation will likely dip this year because of the dynamics of gasoline prices and some other temporary factors, the annual and monthly numbers for July are expected to remain steady. As slack in the economy is absorbed and these temporary effects wane, inflation is expected to return sustainably to 2 percent by mid-2020.


* FOMC Minutes (USD, GMT 18:00) – The FOMC minutes, similar to the ECB Reports, provide an assessment as regards the views of the Fed’s policymakers about the interest-setter’s future stance and are usually a cause for FX turbulence.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-21_09-43-42.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 22, 2019, 08:43:56 AM

Date : 22nd August 2019.


MACRO EVENTS & NEWS OF 22nd August 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-22_09-28-35.jpg)


FX News Today


* FOMC minutes did not provide strong clues on the direction of rates.


* However, the lack of a signal that the Fed’s July rate cut was the start of an easing cycle was enough to eventually weigh on Treasuries.


* Asian stock markets struggled as investors continued to digest the implications of yesterday’s Fed minutes and trading conditions remained quieter than usual ahead of Powell’s speech at Jackson Hole tomorrow.


* Yields closed at their highs of the session after holding cheap levels all session. The curve narrowed below 1 bp as the short end underperformed.


* US President Trump continued to criticize the Fed Chairman, while suggesting the US may strike a deal on trade, but that didn’t prevent US futures from heading south overnight.


* Topix and Nikkei are currently down -0.13% and -0.09% respectively, despite improvements in PMI readings that were counterbalanced by an as expected decline in the All Industry Index.


* The WTI future meanwhile fell back to $55.45 per barrel.
 
* Brexit: Merkel gives Johnson 30 days to solve Backstop conundrum.


* Johnson is today expected in Paris, where the tone is likely to be harsher than in Berlin, although both Merkel and Macron have stressed that they are ready for a no-deal Brexit if there is no agreement.


* The UK curve remains inverted out to the 10-year area.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-22_09-14-01-696x566.jpg)


Technician’s Corner


*USDJPY printed a two-day low, at 106.28.The biggest mover, not surprisingly, has been AUDJPY, a forex market barometer of shifting risk-appetite patterns in global markets. The cross was showing a 0.5% loss heading into the London interbank open, and was testing one-week lows at 71.90. Next Support stands at 71.76 and 71.60. Resistance is at the pivot 72.20 level.


Main Macro Events Today


* Jackson Hole Symposium – Day 1


* Services and Manufacturing PMI (EUR, GMT 07:30-08:00) – July PMI readings highlighted manufacturing weakness. This picture is likely to be seen again in the preliminary readings for August, as Manufacturing PMI has been forecast at 46.3 from 46.5 last month, still down from 47.6 in June, and indicates a deepening recession in a sector that has been hit very hard by global trade tensions and no-deal Brexit risks. Meanwhile, Services PMI is expected to fall to 52.7 from 53.2.


* Services and Manufacturing PMI (USD, GMT 13:45) – Preliminary Manufacturing is expected to grow in August, to 51.0 from 50.4, as Services PMI is likely to fall to 51.7 from 53.


* New Zealand Retail Sales (NZD, GMT 22:45) – Usually considered an index of consumer confidence and overall consumption in the economy, higher retail sales point to higher consumption and hence higher economic growth which is good for the currency.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-21_09-43-42.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)



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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 23, 2019, 10:56:02 AM

Date : 23rd August 2019.


MACRO EVENTS & NEWS OF 23rd August 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-23_09-07-28-696x279.jpg)


FX News Today


* A confluence of factors whipped the markets around Thursday heading into the Jackson Hole Symposium and Chair Powell’s comments Friday at 10 ET.


* Hawkish remarks from George (she dissented against the July easing) and Harker (who votes in 2020) weighed on Treasuries and erased early gains from Wall Street.


* Minutes from both Fed and ECB meetings were not quite the all out dovish signal that some had been hoping for and comments from Fed members yesterday also showed a degree of caution with regard to further easing measures.


* The curve in the US steepened again after inverting briefly overnight, the curve flattened and inverted further in Japan.


* Stock markets across Asia moved mostly higher although gains remained contained by caution.


* New Zealand’s central bank governor said he could afford to wait before declining on additional easing measures.


* Onshore Yuan set at its weakest for 11 years.


* Japanese core consumer inflation at a 2-year low in July.


* Meanwhile lingering geopolitical trade tensions and political jitters in Hong Kong, Italy and the UK add to an uncertain backdrop. US futures are also cautiously moving higher.


* The WTI future is trading at USD 55.37 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-23_09-21-39-696x565.jpg)


Technician’s Corner


*EURUSD returned to 3-week lows of 1.1064 today, after rallying to session highs of 1.1099 following the sub-50 US manufacturing PMI. Negative European yields appear to be taking their toll on the currency, keeping the Dollar in demand in place for relatively high yielding US Treasuries. This has likely been a major factor keeping EURUSD under pressure, especially ahead of likely ECB easing in September, and perceptions that the Fed will not be as aggressive in easing as previously thought. Key EURUSD level is the 27-month low of 1.1027 seen on August 1.


*USDJPY rallied to 106.64 highs. The risk-sensitive pairing can be expected to consolidate into today’s much anticipated speech from Fed chair Powell, from Jackson Hole.


*GBPUSD: Sterling had its best single day rally since March 13 against the Dollar. Cable’s high was 1.2273, which is the loftiest level seen since late July. The gains were sparked by comments made by German’s Merkel, who indicated that a solution to the Irish border backstop conundrum is doable by the October-31 Brexit deadline. UK Prime Minister Boris Johnson followed this up by saying at his joint press conference with France’s Macron that he was encouraged by his talks in Berlin yesterday, and that a deal, he thinks, can be done ahead of October 31. Macron, said, however, that while he has always respected the UK’s decision to leave the EU, the European project has to be protected, to which the Irish backstop remains an important part of ensuring this. Merkel’s remarks were little more than rhetorical platitudes, though enough to trigger a short squeeze in a heavy shorted currency.




Main Macro Events Today


* Jackson Hole Symposium – Day 2


* Retail Sales ex Autos (CAD, GMT 12:30) – Retail sales are expected to have decreased in Canada, with consensus forecasts suggesting a -0.5% m/m decline should be registered in June and an unchanged ex-autos component at 0.3%. In May, Retail sales were disappointing, falling 0.1% for total sales and declining 0.3% for the ex-autos component. The decline in sales was driven by a 2.0% tumble in food and beverage stores. The report casts some doubt on the resiliency of the consumer sector to the ongoing parade of worrisome geopolitical and trade developments.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-23_09-36-15.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 26, 2019, 08:26:55 AM

Date : 26th August 2019.


MACRO EVENTS & NEWS OF 26th August 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/06/events2_1200x628-696x364.png)


* As Jackson Hole Symposium winds down, lingering geopolitical trade tensions and political jitters in Hong Kong, Italy and the UK remain on the table to add further to an uncertain backdrop and to weigh on sentiment. From the data perspective, Thursday and Friday are the most data-heavy days with US GDP and Durable Goods, and Inflation releases from Europe and Tokyo.


Monday – 26 August 2019


* German IFO (EUR, GMT 08:00) – German IFO business confidence is expected to spike higher at 97.1 after it fell back to 95.7 in the July reading from 97.4 and is now at levels last seen in 2013. The Ifo services reading already fell back 10 points this year to 17.7 in July from 27.8 in December last year. Trade and construction sectors are clearly less optimistic than at the end of 2018.


* Durable Goods (USD, GMT 12:30) – Durable goods orders are expected to rise 0.2% in July, after a 1.9% figure in June. Transportation orders should rise 0.5%. Boeing orders rose to 31 from 9 in June, with continued weakness due to the hit from problems with the Boeing 737 Max that has prompted buyers to delay new purchase commitments. Vehicle assemblies rose to an 11.6 mln pace from 11.5 mln in June. Durable shipments are expected to be flat, and inventories should rise 0.4%. The I/S ratio is expected to tick up to 1.66 from 1.65 in June.


Tuesday – 27 August 2019


* Gross Domestic Product (EUR, GMT 06:00) – German Preliminary Q2 GDP growth is expected to remain unchanged,  after it contracted -0.1% q/q on August 14. Annual rates looked better than expected and the economy still expanded 0.4% y/y on a working day adjusted basis, but trade tensions and Brexit uncertainty clearly left their mark.


* CB Consumer Confidence (USD, GMT 14:00) – The Consumer confidence is expected to ease to 133.0 in August from an 8-month high of 135.7 in July. We see a 169.2 current conditions reading, versus 170.9 in July. The expectations index should fall to 1008.8 in June from 112.2, versus an 18-year high of 115.1 in October. Overall, confidence measures remain historically high.


Thursday – 29 August 2019


* Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The German HICP inflation is jump to 1.3% y/y for August after it was revised down to 1.1% y/y in July.


* US Gross Domestic Product (USD, GMT 12:30) – The preliminary  Q2 GDP growth is expected to trim to 1.9% from 2.1%, with a $6 bln hike in consumption that accompanies a $2 bln boost for nonresidential investment. A downward revisions is expected of -$5 bln for inventories, -$4 bln for exports, -$3 bln for imports, -$8 bln revision for public construction, -$2 bln residential investment, and -$1 bln for equipment spending.


* Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have slip at 0.7% y/y core in August, and at 0.8% y/y ex Fresh Food. Industrial Production should post a 0.3% grow m/m in July, compared to -3.3% in June.


Friday – 30 August 2019


* Consumer Price Index (EUR, GMT 09:00) – The Euro Area flash CPI for August is expected to rise slightly, at 1.1% y/y from 1.0% y/y last month. Eurozone Unemployment rate is anticipated steady at 7.5%.


* Gross Domestic Product (CAD, GMT 12:30) – Canada’s economy remained sluggish in Q1, with real GDP rising just 0.4% (q/q, saar) after a 0.3% gain in Q4 (revised from 0.4%). The Q1 growth rate was shy of expectations, but it was far from a shocking result as tepid activity was projected as the economy continued to recover from the oil price shock last year.  Meanwhile the Q2 release is expected to be released higher at 0.7% q/q from 0.4% gain in Q1 , due to the strong showing from net exports.The monthly trade report revealed a 14.7% gain in export volumes (q/q, saar) following the 4.1% drop reported in the Q1 GDP report.


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 27, 2019, 01:14:17 PM

Date : 27th August 2019.


MACRO EVENTS & NEWS OF 27th August 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-27_09-29-11-696x405.jpg)


FX News Today


* It was another 180 for Wall Street as stocks rebounded with broad based gains after Friday’s 2%+ plunge.


* Trade talk continued to dominate the market narrative.


* President Trump turned more positive on the prospect of a trade deal with China and investors in Japan were relieved by comments that the US won’t immediately impose tariffs on car imports from Japan.


* JPN225 gained 1.1% and CSI 300 and Shanghai Comp rose 1.8% and 1.6% amid trade talks hopes and as China’s central bank lowered the Yuan midpoint to a new 11 1/2 year low, but not as low as anticipated.


* The Hong Kong Chief Executive Carrie Lam said her government is able to handle ongoing protests without assistance from Chinese forces.


* The WTI future is trading at $53.86 per barrel


* GER30 futures are struggling for direction, US futures are heading south and UK100 futures are also firmly in the red after returning from yesterday’s holiday.


* German Q2 GDP confirmed at -0.1% q/q, as expected, investment fell -0.1%. The main drag, however, not surprisingly came from net exports as exports fell -1.3% q/q.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-27_09-26-32-696x565.jpg)


Technician’s Corner


* EURUSD fell from overnight highs of 1.1163, with the bulk of losses coming following weaker German Ifo data (weakest since 2012). The pairing opened the NY session near 1.1120, later easing to a 1.1097 base and it is consolidating at that point since then. The poor EU growth outlook, the upcoming Brexit deadline, trade angst, and ECB easing potential should continue to conspire against the Euro going forward. Support is at Friday’s near one-month low of 1.1052, with Resistance near 1.1160.


* USDJPY put in an impressive recovery, topping at 106.40 yesterday. Now the Yen has settled lower at 105.70 level, into the London interbank open, with a 0.4% gain versus the Dollar, and a 0.6% rise against the Australian Dollar, which has been the underperformer of the main currency pack. The flight-to-safety dynamic, while modest, has been concomitant with a dip in USA500 futures, and has come despite firmer stock markets in Asia. At prevailing levels the USDJPY is sitting at about the halfway point of the range that was seen on Friday and yesterday.


Main Macro Events Today


* CB Consumer Confidence (USD, GMT 14:00) – The Consumer confidence is expected to ease to 133.0 in August from an 8-month high of 135.7 in July. We see a 169.2 current conditions reading, versus 170.9 in July. The expectations index should fall to 1008.8 in June from 112.2, versus an 18-year high of 115.1 in October. Overall, confidence measures remain historically high.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-23_09-36-15.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 28, 2019, 08:36:12 AM

Date : 28th August 2019.


MACRO EVENTS & NEWS OF 28th August 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-28_09-16-05.jpg)


FX News Today


* Trade developments remained the centre of attention.


* A Bloomberg report suggested that after a weekend of confusing signals only a few negotiators in Beijing expect that a deal with the US will be possible ahead of the 2020 election in the US election, partly because there are concerns that any deal signed now may eventually be broken by Trump.


* With hopes of a deal dampened again, Asian stocks drifted.


* Concern that the gaze of the US will also focus on imports from Japan and the EU again continue to linger and central banks may not be quite as eager to inject more stimulus as markets are.


* JPN225 managed marginal gains of 0.16%, the Hang Seng rose 0.05%, but CSI 300 and Shanghai Comp lost -0.28% and 0.24% respectively.


* China announced measures to help boost consumption and flagged the possible removal of restrictions on car purchases, but that wasn’t enough to prevent Chinese markets from slipping.


* Norwegian Oil Fund planning to shift up to EUR 100 bln out of European stocks. The influential fund said it wants to reduce the current share of European stocks, which is at around 30%, after being scaled back previously. In the future, the U.S. share, which is already higher, will be stocked up.


* The WTI future is trading at USD 55.54 per barrel.


* German import price inflation fell further into negative territory.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-28_09-17-09-696x571.jpg)


Technician’s Corner


* GBPUSD turned higher, printing near 1-month highs of 1.2310, as markets downplay the potential for a no-deal Brexit. The Brexit battle will commence next Tuesday, when parliament reopens after the summer recess. Given the level of support in parliament for ruling out the no-deal option, including some members from the government’s own Conservative Party, there is a reasonable chance that no-to-no-deal members will succeed. If a no-deal Brexit is legislated off the table, this would increase the odds of there being an extension, which in turn would put Prime Minister Johnson, having promised to deliver Brexit on October 31 in a difficult position.


* USDCAD moved mildly higher even as crude oil prices firmed. Perkier oil prices provided some support to the CAD in London morning trade. USDCAD closed above its 20-day MA, which is seen as a fresh bullish development. The level (1.3266) now becomes Support, with Resistance at 1.3315 and 1.3342, the August peak.


Main Macro Events Today


* German GfK consumer confidence held steady at 9.7% y/y in the advance September reading, unchanged from the previous month. The full breakdown, which is only available until August, also showed an improvement in the willingness to buy, while saving becomes even more unpopular in the light of falling interest rates. So far then consumption seems to be holding up, but with the labour market starting to be affected by the contraction in manufacturing it seems only a matter of time until consumption trends also slow.


* US Calendar is light, and has mortgage and oil inventory data, 2-year and 5-year auctions.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-28_09-23-52.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 29, 2019, 11:37:03 AM

Date : 29th August 2019.


MACRO EVENTS & NEWS OF 29th August 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-29_10-01-27.jpg)


FX News Today


* Bunds cautious after hawkish comments from Nowotny, who said the ECB should be prepared to disappoint markets sometimes.


* BTPs are rallying after confirmation that acting PM Conte will get a second chance, this time backed by a coalition of PD and Five Star Movement.


* Stock markets remained cautious amid the lack of firm news on the US-Sino trade front and waiting to see what impact the latest tariffs will have and what global central banks are doing, with further easing measures expected to be in the pipeline as trade tensions hit the world growth outlook.


* US Secretary Steven Mnuchin said US trade officials expect Chinese negotiators to visit Washington, but would confirm whether a previously planned meeting in September will take place.


* European and US futures are in the red: In Europe Brexit jitters and the increased risk of a no-deal scenario cloud over the outlook after PM Johnson moved to suspend parliament for a large part of the remaining time until the October 31 Brexit date.


* Oil prices slipped on growth worries, despite signs that OPEC supply cuts are curtailing US inventories.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-29_10-01-57-696x565.jpg)


Technician’s Corner


* USDJPY recovered from opening lows of 105.65, managing to rally to 105.95 after Wall Street turned higher. Treasury yields remain lower however, acting to limit the pairings upside potential. Bigger picture, the risk-sensitive USD-JPY may still have room to run lower, as flare ups in the U.S./China trade war are likely to continue. There is little sign of progress, or even talks under way, as additional tariffs on Chinese goods are set to kick in on Sunday. Monday’s 33-month low of 104.45 is the next downside target.


* USOIL rallied to $56.70 from $56.35 following the EIA inventory data which showed a 10.0 mln bbl fall in crude stocks. The street had been expecting a 2.0 mln bbl decrease, though the API reported an 11.1 mln bbl draw after the close on Tuesday. Meanwhile, gasoline supplies, seen down 0.5 mln bbls actually fell 2.1 bbls, while distillate stocks were down 2.1 mln bbls, versus expectations for a 1.5 mln bbl fall.


Main Macro Events Today


* Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The German HICP inflation has jumped to 1.3% y/y for August after it was revised down to 1.1% y/y in July.


* US Gross Domestic Product (USD, GMT 12:30) – The preliminary  Q2 GDP growth is expected to trim to 1.9% from 2.1%, with a $6 bln hike in consumption that accompanies a $2 bln boost for nonresidential investment. A downward revision is expected of -$5 bln for inventories, -$4 bln for exports, -$3 bln for imports, -$8 bln revision for public construction, -$2 bln residential investment, and -$1 bln for equipment spending.


* Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have slip at 0.7% y/y core in August, and at 0.8% y/y ex Fresh Food. Industrial Production should post a 0.3% grow m/m in July, compared to -3.3% in June.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-28_09-23-52.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on August 30, 2019, 08:26:23 AM

Date : 30th August 2019.


MACRO EVENTS & NEWS OF 30th August 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-30_09-45-00.jpg)


FX News Today


* News that the Bank of Japan cut purchases in its regular operations added to pressure on JGBs, but bond markets in general were pressured as risk appetite returned.


* Hopes of US-Sino trade talks continued to underpin risk appetite. Wall Street closed higher yesterday, while optimism continued to underpin markets across Asia, which are set to end a difficult month on a high note.


* President Trump said some trade discussion were taking place with more talks scheduled and China’s commerce ministry signalled it won’t retaliate on new US tariffs for now, adding that a further escalation is not helpful and that it was more important to discuss a cancellation of tariff increases.


* ECB’s Knot meanwhile questioned the necessity for a restart of asset purchases late yesterday, which suggests the risk of disappointment for markets, who have been pricing in a very comprehensive easing package for the September meeting.


* The focus is now turning to important data releases over the weekend, including China’s official manufacturing survey.


* European stock futures are also moving higher, although US futures are struggling to hold earlier gains.


* The WTI future is trading at USD 56.51 per barrel.


* AUD and NZD both saw weaker building approvals data reported, AUD especially at 9.7% drop.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-30_09-54-30-696x568.jpg)


Technician’s Corner


* EURUSD traded to near one-month lows, bottoming at 1.1042, down from earlier session highs of 1.1092. The pair is now within striking distance of the 27-month low of 1.1027 seen on August 1. General Dollar strength has been a driver through the session, with the positive trade news supporting. In addition, the USD’s yield advantage over largely negative yielding EGBs should continue to weigh on EURUSD going forward. A break through the key 1.1000 psych level will shift overall market sentiment, though there has been some talk of barrier options at the level, which will initially at least, likely be defended.


Main Macro Events Today


* Consumer Price Index (EUR, GMT 09:00) – The Euro Area flash CPI for August is expected to rise slightly, at 1.1% y/y from 1.0% y/y last month. Eurozone Unemployment rate is anticipated steady at 7.5%.


* Gross Domestic Product (CAD, GMT 12:30) – Canada’s economy remained sluggish in Q1, with real GDP rising just 0.4% (q/q, saar) after a 0.3% gain in Q4 (revised from 0.4%). The Q1 growth rate was shy of expectations, but it was far from a shocking result as tepid activity was projected as the economy continued to recover from the oil price shock last year.  Meanwhile the Q2 release is expected to be released higher at 0.7% q/q from 0.4% gain in Q1 , due to the strong showing from net exports.The monthly trade report revealed a 14.7% gain in export volumes (q/q, saar) following the 4.1% drop reported in the Q1 GDP report.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-08-30_09-55-02.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on September 02, 2019, 10:20:04 AM
Date : 2nd September 2019.

MACRO EVENTS & NEWS OF 2nd September 2019.
[/size]The Economic calendar is packed with the usual start-of-the-month releases on trade, manufacturing, and Jobs. Other than the RBA and BoC meetings next week and the trade war development, Brexit drama will remain the hot topic for markets as Parliament suspension generated a veritable political storm given the length and timing of it, as it is the longest in duration since 1945.

Monday – 02 September 2019Caixin Manufacturing PMI (CNY, GMT 01:45) – The Caixin manufacturing PMI acts as a leading indicator for the whole Chinese economy. The reading for August is expected to hold below the neutral zone, at 49.8 from 49.9 last month.
[/color]
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on September 03, 2019, 08:14:22 AM
Date : 3rd Sepember 2019.

MACRO EVENTS & NEWS OF 3rd Sepember 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-09-03_09-18-30.jpg)

FX News Today

* Asian stocks traded mixed in a thin trade.

* The RBA left the cash rate at a record low 1.00%, as anticipated, though the statement pointed to tentative signs of improvement in the Australian economy’s fortunes, which helped spark about a 30 pip rebound in the Aussie.

* A Bloomberg reporter highlighted the difficulties in arranging the talks that are supposed to restart this week after the US rejected Beijing’s request to delay the start of tariffs that came into effect over the weekend.

* Against that background stock markets struggling to make headway JPN225 still managed gains of 0.1% respectively, but the Hang Seng declined -0.24%.

* US futures are equally heading south with the USA100 leading the way.

* Argentina imposed capital controls at the start of the month.

* Brexit: The anti-no-deal opposition are preparing a vote today to take control of the parliamentary timetable, which would pave the way for them to stage a vote the following day, Wednesday, on proposed legislation that would stop a no-deal Brexit. Prime Minister Johnson has made it clear that he will call a general election if such legislation were passed, which, according to reports, would be staged on October 14.

* In Europe, BTPs continue to outperform as political jitters abate with Salvini sidelined for now.

* GER30 futures recovered earlier losses and are posting slight gains, while the UK100 is outperforming, underpinned by a weaker Pound.

* The WTI future is trading at USD 54.85 per barrel.

Charts of the Day

(https://analysis.hotforex.com/wp-content/uploads/2019/08/2019-09-03_09-18-04-696x569.jpg)

Technician’s Corner

* JPY: The Yen printed respective 29-month and 10-year lows versus the Euro and Australian Dollar at the open of trading in Asia-Pacific session, then rebounding some before settling. USDJPY is near net unchanged of the day at 106.15 after carving out a two-session low at the open in Asia, at 105.93.

* GBP: Sterling racked up losses of nearly 1% against the Dollar, Euro and Yen, as of levels prevailing at the London fixing. Cable broke the 3-week low and the round 1.2000 area and posted a 1.1992 low, for the first time since January 2017, which, aside from a broadly firmer Dollar, has been a consequence of Pound underperformance.

* EUR: EURUSD concurrently ebbed to a new 28-month low at 1.0930 in what is now the pair’s seventh consecutive day of printing lower lows. The pairing is down by 1.3% from week-ago levels.

* CAD: The USD also managed to touch a two-and-a-half month peak against the Canadian Dollar in a move exaggerated in magnitude by the unusual thinness of the USDCAD market. The pair’s high was printed at 1.3361 yesterday after buy-stop orders were tripped during the London morning session. The pairing subsequently ebbed back to around 1.3330.

Main Macro Events Today

* ECB’s Nominated President Lagarde speech (EUR, GMT 07:00)

* ISM Manufacturing PMI (USD, GMT 14:00) – The ISM index is expected to rise to 51.4 in August from 51.2 in July, compared to a 14-year high of 61.4 in August of last year.

Support and Resistance levels

(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-03_09-32-23.jpg)

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on September 04, 2019, 09:11:27 AM
Date : 4th Sepember 2019.

MACRO EVENTS & NEWS OF 4th Sepember 2019.
[/size]FX News TodayStock markets pared losses after stronger than expected Services and Composite PMIs out of China.
[/color]
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on September 06, 2019, 11:08:16 AM

Date : 6th Sepember 2019.


MACRO EVENTS & NEWS OF 6th Sepember 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-06_09-20-32-696x477.jpg)


FX News Today


* Stock markets remained supported during the Asian session after a higher close on Wall Street yesterday.


* The prospect of a new round of trade talks helped to underpin sentiment Thursday and investors are scaling back easing expectations for the upcoming ECB and Fed meetings.


* Markets priced out a lot of their easing expectations for next week’s ECB meeting yesterday, the German production number (German industrial production fell -0.6% m/m in July,) acted as a reminder that the balance of risks still remains tilted to the downside and that also holds for Brexit risks.


* US reports revealed a surprisingly large August ISM-NMI bounce to 56.4 from a 3-year low of 53.7, alongside a similar ISM-adjusted bounce to 56.1 from a 3-year low of 53.0. The employment gauge fell, however, to a 2-year low of 53.1 from 56.2.


* The confidence in progress on the trade front is far from secured yet and while yesterday’s private payroll survey in the US was better than expected, markets are holding back ahead of official US Payroll numbers later today.


* Nikkei (JPN225) rose 0.43%. The Shanghai Comp is up 0.06%.


* European stock futures posted slight losses, while US futures held on to fractional gains.


* The USOIL meanwhile is trading at $56.30 per barrel.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-06_09-20-13-696x562.jpg)


Technician’s Corner


* EURUSD rallied early in the session topping at 1.1085, right at its 20-day moving average. Gains came on risk-on conditions, along with the market’s apparent scaling back of ECB easing expectations. Later, a stronger ADP jobs report and firmer services ISM reversed the pairing’s course, as the Dollar turned broadly higher on the data. The Euro later eased back toward 1.1035 before steadying. Relative strength of the US economy over Europe should keep EURUSD in sell-the-rally mode going forward.


* USDJPY has rallied sharply, peaking at 107.22 yesterday, levels last seen on August 2, and above its 50-day moving average for the first time since August 1. Prospects for US/China trade talks in October, along with better US data, and the accompanying Wall Street and Treasury yield rallies, have supported the pairing through the morning session. Currently is moving sideways in the upper BB (1-hour chart) and within the 1-month Resistance area at 106.80-107.04. A decisive daily candle above this area could turn the overall outlook.


Main Macro Events Today


* UK court hearing on forcing no-deal Brexit


* Gross Domestic Product (EUR, GMT 09:00) – Eurozone’s economic growth s.a for Q2 2019, is likely to remain confirmed with GDP rising by 0.2% q/q.


* NFP and Labour Market Data (USD, GMT 12:30) – A 155k August nonfarm payroll rise has been estimated, following a 164k increase in July. The unemployment rate should tick down to 3.6% after an uptick to 3.7% in June that was sustained in July, and hours-worked are estimated to rise 0.3%. Average hourly earnings should rise 0.3% m/m.


* Employment Change (CAD, GMT 12:30) – Employment change is seen spiking to 12.5k in the number of employed people in August, compared to the decline 24.2k in July. The unemployment rate is expected to remain at 3.7%.


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-04_09-45-37.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on September 11, 2019, 10:48:48 AM

Date : 11th Sepember 2019.


MACRO EVENTS & NEWS OF 11th Sepember 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-11_08-58-50-696x196.jpg)


FX News Today


* Asian bond markets in general under pressure as local investors caught up with developments in the US yesterday.


* Excessive easing hopes continue to be scaled back ahead of the ECB meeting tomorrow and the Fed decision yesterday but with lingering hopes that governments will step up support for the global economy helping to underpin stock markets.


* President Trump has fired National Security Adviser John Bolton.


* The departure of Bolton has lifted hopes that the US will take a softer stance on China and North Korea and it also triggered a sell-off in oil amid hopes that tensions with Iran may ease.


* China will lift limits on foreign investment, which underpinned brokerages.


* News wires are citing a report from China’s South China Morning Post that China will buy more agricultural products from the US, to “sweeten” the trade deal. This should help add to optimism of more progress.


* The WTI futures has recovered some of yesterday’s losses and is trading at $57.86 per barrel, after falling to a low of 57.20 in the wake of the Bolton announcement.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-11_09-29-35-696x569.jpg)


Technician’s Corner


* Oil: WTI crude slid from $58.60 to $57.30 following news that NSA Bolton was fired by Trump. The ouster of the uber-hawk Bolton is equated by the oil market as an easing in potential conflict between the US and Iran. The WTI contract remains up over $1 from Monday’s low and the 200-day SMA.


* USDJPY printed near 6-week highs of 107.84, continuing to be supported by hopes for a solution to the US/China trade dispute. US Treasury Secretary Mnuchin said recently there has been “lots of progress on talks” recently. In addition, a Reuters source report ahead of the US open indicated BoJ policymakers have discussed further easing measures, including cutting rates further into negative territory. This weighed on the Yen as well.


Main Macro Events Today


* Producer Price Index (USD, GMT 12:30) – The Headline PPI is expected at a -0.1% dip for the PPI headline in August, with a 0.2% rise in the core index. As expected readings would result in a y/y gain of 1.7% for headline PPI that matches the July gain, and a 2.2% y/y rise for the core, versus 2.1% in July. The y/y headline readings is anticipated in a 1.3%-2.0% range over coming months, while core prices should be in a 1.9%-2.3% range.


* Crude Oil Inventories (GMT 14:30)


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-10_09-34-28.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on September 12, 2019, 02:16:35 PM

Date : 12th Sepember 2019.


MACRO EVENTS & NEWS OF 12th Sepember 2019.



(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-12_09-19-00-696x437.jpg)


FX News Today


* Treasury yields declined overnight, as sentiment improved and central bank decisions come into view.


* Stock markets remained supported during the Asian session as trade jitters continue to ease.


* Bolton’s departure in the US has triggered renewed hopes of a softer stance in the Trump camp and goodwill gestures from both China and the US have rekindled hopes that tensions can be resolved through talks after all.


* President Trump said he will delay the next US tariff increase on China by about two weeks, after China yesterday published an exemption list of its own tariffs on US imports.


* The final reading of German August HICP inflation brought no surprise, with HCIP confirmed at just 1.0% y/y, far below the ECB’s reference rate of 2.0%.


* US and European futures are moving higher.


* The WTI future is trading at USD 56.27 per barrel.


* The focus meanwhile is turning to today’s ECB meeting, which is widely expected to bring a cut to the deposit rate, but could disappoint on the QE front and coming ahead of the Fed decision next week, many will see it as a bellwether for easing intentions at global central banks.


Charts of the Day


(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-12_09-15-00-696x566.jpg)


Technician’s Corner


* The Dollar saw a 6-week high against the Yen, as goodwill gestures from both the US and China on the tariff front lifted risk appetite. The Yen continued to see its safe-haven premium deflate. USDJPY is trading over 108, in what is now a fourth consecutive day of ascent, which is in turn amid a third consecutive week of gains. AUDJPY and GBPJPY also continued to rise amid general strength in export-driven currencies amid the buoyant mood on the trade front.


Main Macro Events Today


* Interest Rate Decision, Monetary Policy Statement and Press Conference (EUR, GMT 11:45 & 12:30) – The ECB is expected to cut deposit rate by 10 bp to -0.50%, with new tiered system to limit the impact. Most analysts are expecting a 10 bp cut in the deposit rate, which would leave it at -0.50%. The repo rate, currently at 0.00%, is likely to be kept on hold for now.  The ECB is anticipated to re-open QE. There even is a risk that the restart of QE will be put on hold for now. With Lagarde taking over from Draghi in November, the pressure on governments to open their purse strings and complement an expansionary monetary policy with fiscal measures will likely increase.


* Consumer Price Index and Core (USD, GMT 12:30) – The headline August CPI is estimated flat with a 0.2% core price increase, following July readings of 0.3% for both. As-expected gains would result in a headline y/y increase of 1.7%, down from 1.8% in July, while core prices should rise 2.3% y/y, up from a 2.2% pace in July. Overall, the inflation outlook remains benign, though we do expect an up-tilt in y/y gains into Q1 of 2020 due to harder comparisons.


* Crude Oil Inventories (GMT 14:30)


Support and Resistance levels


(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-12_09-18-45.jpg)


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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!


Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on September 13, 2019, 07:33:43 AM
Date : 13th Sepember 2019.

MACRO EVENTS & NEWS OF 13th Sepember 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-13_09-15-32.jpg)

FX News Today

* Bond markets remained under pressure overnight and Bund futures are selling off ahead of the opening in cash markets.

* Draghi’s policy bazooka and especially the promise of open-ended asset purchases helped to bring down BTP yields in particular but in core markets, it put pressure on the long end as risk appetite improved.

* US President Trump said he would consider an interim trade deal on China and while there is nothing substantial yet, hopes that both sides are inching closer to a deal have been strengthened this week.

* The GER30 closed above the 12400 mark yesterday with a gain of 0.4% and GER30 as well as UK100 futures are moving higher in tandem with, but underperforming US futures, after a positive session in Asia. Today’s data calendar is quiet, with only Eurozone trade data of note, which will leave investors to look to US releases while digesting the impact of yesterday’s ECB move.

* China and South Korea were closed for a holiday, but elsewhere across Asia stock markets moved higher with investors hoping that central bank support and progress on the trade front will help to revive global growth.

* US futures are posting gains of 0.2-0.3%.

* The WTI future is trading at USD 55.12 per barrel and heading for a weekly drop after the IEA warned this week that OPEC and its allies are facing a looming supply surplus. OPEC+ urged its members to implement promised production cuts this week but didn’t discuss deepening cuts, while the IEA highlighted that production from competitors is set to surge.

Charts of the Day

(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-13_09-14-29-696x568.jpg)

Technician’s Corner

* YEN: The Yen posted fresh trend lows against the Dollar, though remained just off the lows it saw against the Euro, Australian Dollar and other currencies yesterday. USDJPY printed a 6-week high at 108.26 in what is now the fourth consecutive day of higher-high making. The Japanese currency has been deflating amid a persisting phase of risk-on conditions in global markets.

Main Macro Events Today

* Retail Sales (USD, GMT 12:30) – A 0.1% August retail sales headline rise with a flat ex-autos figure is projected, following a 0.7% July headline rise with a hefty 1.0% ex-auto gain. Gasoline prices should prove a drag on retail activity given an estimated -3% drop for the CPI gasoline index, and unit vehicle sales should hold steady in August from a 16.8 mln clip in July. Real consumer spending is expected to grow at a 3.6% rate in Q3, following the 4.7% Q2 clip.

* Michigan Sentiment (USD, GMT 14:00) – The US consumer sentiment fell 8.6 points to 89.8 in the final August print (92.1 preliminary), weaker than expected, after inching up 0.2 ticks to 98.4 in July. The preliminary September Michigan sentiment reading is forecast at 90.5.

Support and Resistance levels

(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-12_09-18-45.jpg)

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on September 16, 2019, 08:16:41 AM
Date : 16th September 2019.

MACRO EVENTS & NEWS OF 16th September 2019.

[​IMG]

Welcome to our weekly agenda, our briefing of all the key financial events globally. The week ahead is expected to be a massive one, as four of the major Central banks will announce their rate decision, i.e. Fed, BoJ, SNB and BoE. There is a lot of interest in seeing whether BoJ will follow the Fed’s steps next week in cutting rates.
Monday – 16 September 2019

Industrial Production and Retail Sales (CNY, GMT 02:00) – The Chinese Industrial Production growth is expected to have risen, at 5.2% y/y in August from 4.8% y/y last month. A slightly positive reading is also expected in the Retail Sales figure at 7.9% from 7.6%.
Tuesday – 17 September 2019

Monetary Policy Meeting Minutes (AUD, GMT 01:30) – The RBA minutes, similar to the ECB Reports, provide a detailed assessment of the bank’s most recent policy-setting meeting, containing in-depth insights into the economic conditions that influenced the rate decision. They are usually a cause for FX turbulence.
ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for September is projected at -38.0, from the lowest level since 2011 at -44.1 seen last month, as the current conditions indicator for Germany turned negative. The ZEW is a pretty clear indication that investors are gearing up for a much higher risk of a global recession, which ties in with developments in global bond yields and the marked flattening of curves.
Wednesday – 18 September 2019

Consumer Price Index (GBP, GMT 08:30) – The UK CPI inflation is anticipated to be more underwhelming than the July data, at 1.9% y/y from 2.1% y/y, with a monthly rise up to 0.5% m/m.
Consumer Price Index and Core (EUR, GMT 09:00) – The final reading of inflation is expected to have held steady at 1.0% y/y and core at 0.9% y/y, with an increase in the monthly number at 0.2%m/m from -0.5%m/m. Lower energy price inflation keep a lid on the overall number meanwhile as CPI excluding energy moved up to 1.2% from 1.1% y/y last month.
Consumer Price Index (CAD, GMT 12:30) – The August CPI is expected to continue adding to the backing for steady BoC policy this year, even as the Fed and ECB add stimulus. CPI has been forecasted to grow to a 1.7% y/y pace in August, below the 2.0% last month.
Interest Rate Decision, Monetary Policy Statement and Press Conference (USD, GMT 18:00-18:30) – The August’s jobs data did little to alter the market’s expectations for a 25bp rate cut at the September 17-18 FOMC meeting. Based on Powell’s latest comments, the Fed is very committed to a symmetric 2% inflation goal, hence given low inflation, interest rates will remain low. That leaves very little room to cut rates further. The Fed is not forecasting or expecting a US recession, nor a global downturn, said Powell. The fact that the chair doesn’t seem too concerned about a recession in the States, or the world, suggests the FOMC is not going to be aggressive easing policy.
Thursday – 19 September 2019

Interest Rate Decision, Monetary Policy Statement (JPY, GMT 02:00) – The BoJ kept its short-term interest rate target at -0.1% and its pledge to guide 10-year JGB yields around 0% while maintaining its asset buying program. The central bank is expected to signal once again its commitment to keep interest rates at current levels “for an extended period of time, at least through around spring 2020”. The BoJ pledged to keep an eye on the output gap, but for now at least it seems the bank is seeing the risks as coming mainly from the outside.
Interest Rate Decision, Monetary Policy Statement (CHF, GMT 07:30) – The SNB kept policy on hold at the June council meeting. The Libor target was replaced with a key policy rate, but the central bank was adamant that the degree of monetary accommodation remains unchanged. After the ECB cut rates, while the Fed is now widely expected to ease rates, the SNB has little room to manoeuvre, especially against the backdrop of ongoing Brexit uncertainty and geopolitical trade risks. The SNB’s central message remains that the situation remains fragile and the currency “highly valued”.
Interest Rate Decision, MPC Voting (GBP, GMT 11:00) – Shadowed by the ongoing political developments in Brexit, the BoE is not expected to proceed with any interest rate actions.
Friday – 20 September 2019

Retail Sales ex Autos (CAD, GMT 12:30) – Retail sales and Core for August are seen steady, while the headline is anticipated to drop to 2.9% y/y from 3.3% and core to 2.5% from 2.9%.
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 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 HERE to register for FREE!

Click HERE to READ more Market news.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on September 19, 2019, 08:06:12 AM
Date : 19th Sepember 2019.

MACRO EVENTS & NEWS OF 19th Sepember 2019.

[​IMG]

FX News Today
The FOMC announcement that delivered the expected 25 bp cut that was widely expected, but didn’t signal further moves down the line. It repeated will act as appropriate to sustain expansion.
BoJ held monetary policy on old for now, but flagged review in October.
Australian Dollar slumped on the back of a rise in unemployment at 5.3% from 5.2%.
Asian stock markets traded mixed, JPN225 gained 0.58%. The Japanese stock markets up from yesterday’s lows, but below the highs seen early in the session.
EGBs rallied yesterday and are likely to remain supported going into today’s central bank announcements from BoE, Norges Bank and SNB .
Brexit: UK given ultimatum to submit Irish border proposals by Sep 30.
The focus now turns to central bank decisions in Europe, where BoE and SNB are expected to hold policy unchanged, while Norges Bank could dodge the trend and deliver a hike.
Charts of the Day
[​IMG]

Technician’s Corner
YEN: The Yen posted fresh trend lows against the Dollar, though remained just off the lows it saw against the Euro, Australian Dollar and other currencies yesterday. USDJPY printed a 6-week high at 108.26 in what is now the fourth consecutive day of higher-high making. The Japanese currency has been deflating amid a persisting phase of risk-on conditions in global markets.
Main Macro Events Today

Interest Rate Decision, Monetary Policy Statement (CHF, GMT 07:30) – The SNB kept policy on hold at the June council meeting. The Libor target was replaced with a key policy rate, but the central bank was adamant that the degree of monetary accommodation remains unchanged. After the ECB cut rates, while the Fed is now widely expected to ease rates, the SNB has little room to manoeuvre, especially against the backdrop of ongoing Brexit uncertainty and geopolitical trade risks. The SNB’s central message remains that the situation remains fragile and the currency “highly valued”.
Interest Rate Decision, MPC Voting (GBP, GMT 11:00) – Shadowed by the ongoing political developments in Brexit, the BoE is not expected to proceed with any interest rate actions.
Support and Resistance levels

[​IMG]

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 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 HERE to register for FREE!

Click HERE to READ more Market news.

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on September 20, 2019, 09:48:45 AM
Date : 20th Sepember 2019.

MACRO EVENTS & NEWS OF 20th Sepember 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-20_09-11-40-696x148.jpg)

FX News Today

* Overall dovish signals from central banks yesterday underpinned Asian markets, which are mostly posting fractional gains.

* Bund futures are fractionally higher in pre-market trading, while GER30 and UK100 futures are slightly lower.

* Japan inflation hit a two year low, with CPI excluding fresh food coming in at just 0.5%, in line with estimates and the lowest rate since 2017.

* BOJ: This may complicate the outlook for the BoJ, although excluding energy, prices actually nudged higher. The data will add to easing expectations after BoJ head Kuroda signalled a review of the overall situation and the impact of slowing world growth on price momentum in Japan.

* Brexit developments: Negotiators from both sides are set to meet today, after the European Commission confirmed that it received some technical papers on alternative arrangements to the backstop.

* German PPI inflation much weaker than expected at 0.3% y/y (median 0.6%).

* OECD cut its 2019 and 2020 outlooks for growth globally, and across most of the world, versus the prior May estimates. And it indicated growth is set to slip to its slowest since the financial crisis thanks to the trade tumult.

Charts of the Day

(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-20_09-11-22-696x561.jpg)

Technician’s Corner

* GBPUSD rallied from 1.2490 to over 1.2570, a 2-month high after EU commission president Juncker told Sky News he believes “we can have a deal” on Brexit by October 31. It remains to be seen, how Mr. Juncker plans to make a deal, since there has been no movement from the EU side in months. Cable had been languishing in the upper 1.25s.

* USDJPY has again been range-bound through the session, sticking to a 107.90 to 108.08 trading band. Improved expectations for movement on the US-China trade war may limit USDJPY downside for now. Support comes at Monday’s 107.45 low, with Resistance at 108.50.

Main Macro Events Today

* Retail Sales ex Autos (CAD, GMT 12:30) – Retail sales and Core for August are seen steady, while the headline is anticipated to drop to 2.9% y/y from 3.3% and core to 2.5% from 2.9%.

Support and Resistance levels

(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-19_09-52-32.jpg)

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.

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. 


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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on September 23, 2019, 10:49:13 AM
Date : 23rd September 2019.

MACRO EVENTS & NEWS OF 23rd September 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/06/events2_1200x628-696x364.png)

* With nearly all central bank meetings out of the way it should be a data-focused  week, although Brexit developments still have the potential to shake things up. The main scenario continues to assume a smooth Brexit transition, but business investment is now expected to continue to fall significantly as geopolitical trade tensions and Brexit uncertainty leave their mark. Nonetheless, the geopolitical situation in the Mideast is fragile, especially with the US openly considering taking military action against Iran.

Monday – 23 September 2019

* Services and Manufacturing PMI (EUR, GMT 07:30-08:00) – Aug manufacturing PMI confirmed at 47.0, vs 46.5 in July, Services PMI revised up to 53.5 from 53.4. This picture is likely to be seen again in the preliminary readings for September, as Manufacturing PMI has been forecast at 47.5, still below neutral. Meanwhile Services PMI is expected to fall to 53.3.

* Services and Manufacturing PMI (USD, GMT 13:45) – Preliminary Manufacturing are expected to slip in September, to 50.1 from 50.3, while Services PMIs are likely to fall below 50, to 49.6,  indicating a potential recession in the sector that has been hit by global trade tensions.

Tuesday – 24 September 2019

* German IFO (EUR, GMT 08:00) – German IFO business confidence fell further in August and more than anticipated, with the headline number now at the lowest level since Nov 2012. In September, the overall business climate reading is seen slightly higher at 95.1 from 94.3. So far the sector breakdown of the IFO still shows that optimists outnumber pessimists in both services and construction, but with the trade reading now also in negative territory and services confidence especially falling sharply in August, the balance of risks is clearly tilted to the downside.

* CB Consumer Confidence (USD, GMT 14:00) – The Consumer Confidence is expected to ease to 134.0 in September from 135.1 in August and an 8-month high of 135.8 in July.  A drop-back is expected in the current conditions reading to 173.0 from a 19-year high of 177.2 in August. The jobs strength diffusion index is poised for a drop-back from a remarkably lofty 19-year high in August of 39.4. Overall, confidence measures remain historically high.

* BoJ Minutes (JPY, GMT 23:50) – The BoJ Minutes are expected to shed some light regarding whether Japanese policymakers are willing to consider rate cuts in the coming months.

Wednesday – 25 September 2019

* Interest Rate Decision and Monetary Policy Statement (NZD, GMT 02:00) – The RBNZ cut rates by an unexpectedly aggressive 50 bps to a record low 1.00% in August. Governor Orr said negative rates may be needed to stimulate the economy, keeping the door wide open to further aggressive easing measures. The RBNZ is largely anticipated to keep rates on hold at 1.00%.

Thursday – 26 September 2019

* US Gross Domestic Product (USD, GMT 12:30) – The final Q2 GDP growth is expected to be confirmed at 2.0% annualized, with a $6 bln hike in public construction that accompanies boosts of $2 bln for consumption and $1 bln each for intellectual property investment and exports. We expect a -$2 bln revision for nonresidential investment and a -$1 bln revision to residential construction, leaving a net $7 bln upward GDP revision.

* Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have rise to 0.8% y/y in September from 0.6% last month, and to slip to 0.5% y/y from 0.7% in the CPI ex Fresh Food reading.

Friday – 27 September 2019

* Personal Consumption Expenditures Prices (USD, GMT 12:30) – A 0.5% gain is anticipated in personal income in August after a 0.1% increase in July, alongside a 0.2% rise in August consumption that followed a big 0.6% July gain.

* Durable Goods (USD, GMT 12:30) – Durable goods orders are expected to fall -1.6% in August, after gains of 2.0% in July and 1.8% in June, thanks to a -5.0% transportation orders drop after two monthly gains. Boeing orders dropped back to just 6 from 31 in July, with continued weakness due to the hit from problems with the Boeing 737 Max that has prompted buyers to delay new orders.

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on September 24, 2019, 10:12:25 AM
Date : 24th Sepember 2019.

MACRO EVENTS & NEWS OF 24th Sepember 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-24_09-56-50.jpg)

FX News Today

* Sentiment stabilises as markets returned from yesterday’s holiday.

* Asian stock markets moved mostly higher, as there are lingering hopes of progress ahead of high level US-Sino trade talks next month.

* Japan’s Jibun Bank Flash Manufacturing Purchasing Managers’ Index slipped to just 48.9. Together with the sharp decline in the German manufacturing PMI this will add to concerns over the outlook for the global economy.

* ECB President Draghi yesterday signalled the readiness to act again.

* Lagarde warned that trade tensions are the biggest threat to the global economy.

* China’s central bank Governor Yi Gang said in a press briefing that China is not in a rush to roll out massive rate cuts or QE like some other central banks”.

* GER30 and UK100 futures are posting slight gains, in tandem with US futures after a cautious move higher in Asia.

* Brexit developments also remain in focus as the Supreme Court in London is set to announce its verdict on the suspension of parliament today.

Charts of the Day

(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-24_09-56-18-696x564.jpg)

Technician’s Corner

* EURUSD bottomed at 8-session lows of 1.0966 into US session, down from 1.1025 highs. Weak European PMIs took the pairing to session lows, though since then, short covering has been noted, seeing a bounce to 1.0996 highs. There has been talk of a large 1.1000 option expiry on Thursday, which may see EURUSD center on that level until then. Sell-the-rally remains in place however, as the EU economy sputters, and as the Dollar continues to benefit from strong interest rate differentials.

* GBPUSD: Cable carved out a fresh 6-day low at 1.2414, extending the correction from the 2-month peak seen on Friday at 1.2582. Markets will continue to demand a hefty Brexit discount. Markets are also waiting on the judgement of the UK’s Supreme Court, up today, on Boris Johnson’s controversial move to shut down Parliament for a 5-week period, with the government having appealed a ruling by Scotland’s highest court that the move was illegal. There is a chance that, it will agree with the recent court rulings seen in England and Northern Ireland, that the matter was “non-justiciable” — being political rather than a legal matter.

* USOIL prices are down by over 8% from week-ago levels, but remain up by 6.7% from month-ago levels, and are up 27.2% on the year-to-date. News that some of Saudi’s production and distribution facilities will be back up and running as soon as next week weighed on crude prices. This comes with the US announcing that it is bolstering its military presence in Saudi Arabia for defensive and deterrence purposes

Main Macro Events Today

* German IFO (EUR, GMT 08:00) – German IFO business confidence fell further in August and more than anticipated, with the headline number now at the lowest level since Nov 2012. In September, the overall business climate reading is seen slightly higher at 95.1 from 94.3. So far the sector breakdown of the IFO still shows that optimists outnumber pessimists in both services and construction, but with the trade reading now also in negative territory and services confidence especially falling sharply in August, the balance of risks is clearly tilted to the downside.

* CB Consumer Confidence (USD, GMT 14:00) – The Consumer Confidence is expected to ease to 134.0 in September from 135.1 in August and an 8-month high of 135.8 in July.  A drop-back is expected in the current conditions reading to 173.0 from a 19-year high of 177.2 in August. The jobs strength diffusion index is poised for a drop-back from a remarkably lofty 19-year high in August of 39.4. Overall, confidence measures remain historically high.

* BoJ Minutes (JPY, GMT 23:50) – The BoJ Minutes are expected to shed some light regarding whether Japanese policymakers are willing to consider rate cuts in the coming months.

Support and Resistance levels

(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-24_09-50-20.jpg)

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on September 25, 2019, 09:10:18 AM
Date : 25th Sepember 2019.

MACRO EVENTS & NEWS OF 25th Sepember 2019.


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FX News Today

* RBNZ on hold with dovish twist. As widely expected New Zealand’s central bank kept policy on hold with the key rate unchanged at 1%. The statement said, however, that there was more scope for monetary and fiscal stimulus, while saying it was “pleased to see” the the NZD’s depreciation

* Sentiment started to settle overnight, amid signs of further conciliatory moves that keep hopes of progress on the trade front alive. Asian markets are up from lows and U.S. futures are moving higher, after yesterday’s sell off on Wall Street.

* DAX and FTSE 100 futures are in the red, however, as Boris Johnson returns from New York to deal with the fallout from yesterday’s Supreme Court ruling that said the suspension of parliament was unlawful. MPs are set to return to Westminister today and another Brexit extension with new elections in the U.K. in November or December seem increasingly likely.

* The prolonged uncertainty on the Brexit front meanwhile is adding to geopolitical trade tensions and leaving its mark on economic developments on both sides of the channel. The risk of a recession in Europe is looking very real.

Charts of the Day

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Technician’s Corner

* EURUSD spent the morning session between 1.0994 and 1.1015, later climbing to 1.1020 highs in afternoon dealings. The highs came following reports that House Democrats are considering a special committee in order to attempt to impeach president Trump, which weighed on the Dollar overall. Bigger picture, with European growth fading and the U.S. economy still chugging along fairly well, EUR-USD is set to remain in sell-the-rally mode. Monday’s 1.0966 low is now support, with the 20-day moving average at 1.1028 marking resistance.

* USDJPY: fell to better than two-week lows of 107.05 from pre-open highs of 107.79. The fall has come on the back of a bout of risk-off conditions, with sliding stocks initiated by Trump bashing China on trade from the UN, then talk that House Democrats are considering a special committee to impeach Trump. The pairing fell through its 20-day moving average at 107.24, though found some buyers ahead of the 50-day moving average, which currently sits at 107.06

* USDCHF During Tuesday, the Swiss franc continued to gain support from a lack of confidence in the global growth outlook, especially after recent weak global manufacturing data. The Swiss currency & gold made net gains on Tuesday and remain underpinned with the franc weakening only slightly on Wednesday as US political developments added to investor concerns with the dollar around 0.9870.

Main Macro Events Today

* Non-Monetary Policy Meeting  (EUR, GMT 07:00) – The monthly meeting of the ECB – with a speech from member Coeure to open events.

* SNB – Quarterly Bulletin (CHF, GMT 13:00) and ZEW Survey (08:00 GMT) – With political developments on both sides of the Atlantic  moving at a pace the safe haven status of the CHF could receive a bid with positive news flow today.

Support and Resistance levels

(https://analysis.hotforex.com/wp-content/uploads/2019/09/2019-09-25_9-33-24-300x139.jpg)

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)

Stuart Cowell
Head 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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on September 30, 2019, 09:37:13 AM
Date : 30th September 2019.

MACRO EVENTS & NEWS OF 30th September 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/06/events2_1200x628-1068x559.png)

* Welcome to our weekly agenda, our briefing of all the key financial events globally. The week ahead is expected to be turn on economic data, with investors eyeing NFP data but also Eurozone data for a possible strength in the service sector.

Monday – 30 September 2019

* Caixin Manufacturing PMI (CNY, GMT 01:45) – The Caixin manufacturing PMI is expected to remain above neutral at 40.2 in September.

* Gross Domestic Product (GBP, GMT 08:30) – The economy’s most important figure, Q2 GDP is expected to be higher at 0.5% q/q following the last reading but unchanged from the reading of Q1.

* Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The German HICP inflation for August held steady at 1.0% y/y. However the preliminary reading for Septembe is expected to rise at 1.2% y/y.

Tuesday – 01 October 2019

* Interest Rate Decision (AUD, GMT 04:30) – The RBA minutes from the September policy meeting showed that the central bank remains disposed to further easing. AUDUSD has been amid a clear downtrend since early 2018, which has approximated the development of the US-China trade war and consequential slowing in the Chinese economy, which is Australia’s biggest export customer.

* Consumer Price Index (EUR, GMT 09:00) – The preliminary Euro Area CPI for September is expected to remain unchanged to 1.0% y/y, while core inflation is seen at 1.0% y/y from 0.9% y/y.

* Manufacturing PMI (EUR, GMT 07:55) – The preliminary September Eurozone PMI readings, released so far, were striking for failing to show an expected improvement and instead showing a marked contraction in manufacturing activity, with service sector activity slowing sharply. The final reading is expected to be confirmed at 41.4. The weakness German manufacturing – triggered by geopolitical trade tensions and Brexit uncertainty is spreading to other sectors and across the Eurozone.

* ISM Manufacturing PMI (USD, GMT 14:00) – The US ISM Manufacturing PMI is expected to rise to 51.0 in September from 49.1 in August, compared to a 14-year high of 61.4 in August of last year.

Wednesday – 02 October 2019

* ADP Non-Farm Employment Change (USD, GMT 12:15) – The ADP Employment survey is seen at 140k for September compared to the 195K in August.

Thursday – 03 October 2019

* Australia’s Trade Balance (AUD, GMT, 1:30) – Australia export growth in September is expected to have reduced. Hence the trade balance could slip to 6,000M from 7,268 M last month.

* ISM Non-Manufacturing PMI (USD, GMT 14:00) – The ISM-NMI index is expected to fall to 54.5 in September from 56.4 in August and a 19-month low of 56.1 in March, versus a 13-year high of 60.8 in September of last year. The sentiment surveys have been erratic in recent months likely due to competing perspectives on the trade war, troubles abroad, and stock price gyrations.

Friday – 04 October 2019

* Event of the Week – Non-Farm Payrolls (USD, GMT 12:30)  Along with Wednesday’s employment data, payrolls are important in gauging how many people are employed in non-agricultural businesses. Jobs are expected to have increased in at 155k in September, following a 130k increase in August. The unemployment rate should tick down to 3.6%, after holding at 3.7% in the prior three months, and hours-worked are estimated to be up 0.1%. Average hourly earnings should rise 0.3% m/m, for a y/y gain of 3.2%, matching the 3.2% pace of August. We see payroll gains averaging 157k in 2019, down from a 223k average in 2018.

* Fed’s Chair Powell speech (USD, GMT 18:00)

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on October 01, 2019, 09:01:25 AM
Date : 1st October 2019.

MACRO EVENTS & NEWS OF 25th Sepember 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/10/2019-10-01_09-06-06-696x466.jpg)

FX News Today

* RBA cut key rate – as expected. Australia’s central bank reduced the key interest rate buy 25 bp to 0.75% – 3rd  cut this year.

* JGBs and Treasuries sold off after weak JGB auction, stocks mostly higher. Wall Street rallied. Dow is up about 2% in September and 1.4% for Q3, and just shy of all-time highs.

* The sharpest decline in 10-year JGB futures in more than a year was triggered by a very weak 10-year auction, which saw demand dipping to the lowest level since 2016.

* European futures suggest a positive start to the new months especially for the DAX, which is up 0.4%, alongside gains in US futures.

* USDJPY is trading at 108.22, as the Dollar remained supported.

* The AUD underperformed after the dovish RBA statement.

* The EUR is trading below 109 against the USD after source stories yesterday suggested that Germany’s leading economic institutes will cut their growth forecasts for the Eurozone’s largest economy, which given that the Bundesbank is expecting a technical recession should not come as a surprise, but will highlight again the downside risks for Germany as well as the Eurozone.

* The UK’s government will present detailed alternatives to the Irish backstop to Brussels this week.

* The USOIL is trading at $54.54 per barrel amid reports that production at the world’s largest oil produces fell during the third quarter.

Charts of the Day

(https://analysis.hotforex.com/wp-content/uploads/2019/10/2019-10-01_09-05-50-696x570.jpg)

Technician’s Corner

* USDJPY:Moderately risk-on conditions have supported on Monday, along with a slight uptick in Treasury yields. Relative calm on the US/China trade front has weighed some on the Yen as well, as high-level talks are expected in Washington on October 10-11. China’s Vice Premier Liu He, along with the USTR Robert Lighthizer and Treasury Secretary Steven Mnuchin are expected to run the negotiation sessions. Above Friday’s 108.18 highs, the September 19 top at 108.47 could be USDJPY’s next upside level.

* EURUSD took another leg lower, trading under the 1.09 mark for the first time since the second week of May, 2017. There appeared to be a push to run sell-stops located just under the 1.0900 mark, following cooler German CPI, resulting in a dip to lows of 1.0885. Reports of 1.0900 option expiries on Tuesday and Wednesday may now keep the pairing glued to either side of the level until then. Eventually though, Euro is expected to remain down as European growth continues to fade, the ECB remains uber-dovish, and the Dollar continues to find support on the back of USD friendly interest rate spreads.

Main Macro Events Today

* Consumer Price Index (EUR, GMT 09:00) – The preliminary Euro Area CPI for September is expected to remain unchanged at 1.0% y/y, while core inflation is seen at 1.0% y/y from 0.9% y/y.

* Manufacturing PMI (EUR, GMT 07:55) – The preliminary September Eurozone PMI readings, released so far, were striking for failing to show an expected improvement and instead showing a marked contraction in manufacturing activity, with service sector activity slowing sharply. The final reading is expected to be confirmed at 41.4. The weakness in German manufacturing – triggered by geopolitical trade tensions and Brexit uncertainty is spreading to other sectors and across the Eurozone.

* ISM Manufacturing PMI (USD, GMT 14:00) – The US ISM Manufacturing PMI is expected to rise to 51.0 in September from 49.1 in August, compared to a 14-year high of 61.4 in August of last year.

Support and Resistance levels

(https://analysis.hotforex.com/wp-content/uploads/2019/10/2019-10-01_09-06-36.jpg)

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
Post by: HFM on October 02, 2019, 08:41:23 AM
Date : 2nd October 2019.

MACRO EVENTS & NEWS OF 2nd Sepember 2019.


(https://analysis.hotforex.com/wp-content/uploads/2019/10/2019-10-02_09-42-54.jpg)

FX News Today

* Wall Street kicked off Q4 on bearish footing with the Dow dropping 1.2% to 26,570.

* The weaker than expected ISM manufacturing index to 47.8, a second straight month in contraction, rekindled recession worries.

* Yields are still above Monday’s close, after weak demand in yesterday’s auctions triggered a sharp rise in long yields.

* South Korean indices were hit by reports that North Korea fired what seemed a submarine based ballistic missile of its eastern coast, added to the negative risk backdrop after the S&P closed at a one months low.
US futures are trying to move higher, GER30 and UK100 futures are in negative territory.

* Brexit: UK Prime Minister Johnson, admitted that customs checks would be the “reality” of Brexit, even though he dismissed an apparent leak of his government’s detailed plans for the post-Brexit Irish border — which involve customs checks on both sides of the border — as being inaccurate.

* Gilts outperformed and UK yields declined yesterday after hopes of a breakthrough on the Brexit front were crashed and political headlines will remain the main driver for UK markets

* The BoE lays the ground for a rate cut even without a no-deal Brexit scenario.

Charts of the Day

(https://analysis.hotforex.com/wp-content/uploads/2019/10/2019-10-02_09-41-57-696x570.jpg)

Technician’s Corner

* GBPUSD pulled back from earlier highs, as Bloomberg, cited a Buzzfeed tweet saying according to an EU Commission spokesman, the earlier report that the EU was considering a time-limited Irish backstop, was not true. Cable fell to 1.2260 from earlier highs near 1.2340.

* EURUSD bounced to 1.0908 highs into the N.Y. open. The Euro has printed 5-straight session of lower daily highs and lows, a bearish signal, and a failure to trade above Monday’s 1.0948 highs today will likely embolden EUR bears going forward. Fundamentally, the US economy remains head and shoulders above Europe’s, while a dovish ECB and interest rate differentials solidly in favor of the Dollar, we look for further EURUSD losses going forward.

Main Macro Events Today

* ADP Non-Farm Employment Change (USD, GMT 12:15) – The ADP is expected to report a 145k increase in private payrolls for September following the better than expected 195k increase in August. Risk is for a weaker headline print after the miss in the September ISM, that included a decline in the employment sub-component. Friday’s September nonfarm payroll report is now crucial for the markets’ expectations on the FOMC, as another 25 bp rate cut is again being priced in with greater than a 50-50 probability.

Support and Resistance levels

(https://analysis.hotforex.com/wp-content/uploads/2019/10/2019-10-02_09-43-51.jpg)

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 (https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html) 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 HERE (https://www.hotforex.com/en/trading-tools/trading-webinars.html) to register for FREE!

Click HERE to READ more Market news. (https://analysis.hotforex.com/)

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.
Title: Re: Hotforex.com - Market Analysis and News.
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