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31

Date : 11th June 2019.


MACRO EVENTS & NEWS OF 11th June 2019.






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





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





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.

32
Date : 10th June 2019.

MACRO EVENTS & NEWS OF 10th June 2019.




* 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 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.

33

Date : 7th June 2019.


MACRO EVENTS & NEWS OF 7th June 2019.






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





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





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.

34

Date : 6th June 2019.


MACRO EVENTS & NEWS OF 6th June 2019.






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





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





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.

35

Date : 4th June 2019.


MACRO EVENTS & NEWS OF 4th June 2019.






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





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





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.



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.

36

Date : 3rd June 2019.


MACRO EVENTS & NEWS OF 3rd June 2019.






* 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 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.

37

HotForex: Upcoming Jun 2019 Webinars Part-1.





Power your trades with industry tips and knowledge from our forex experts by signing up to our free weekly webinars.


Our webinars are designed to improve your FX knowledge and help you hone your trading skills to give you the confidence you need to trade the markets! Whether you are a beginner or an experienced trader, our seasoned market analysts will guide you through key forex strategies and concepts.


Every live webinar is followed by a Q&A session, giving you the opportunity to put your questions to the presenter!


We are committed to being with you every step of the way in your forex trading career, and by providing valuable forex education, we can give you a solid foundation to begin trading.


Registration is FREE but you need to hurry up because places are limited!


By joining our webinars you can:


*Watch our experts analyse the markets live.
*Strengthen your trading skills and knowledge.
*Ask questions and get the answers you need.
*Access past webinars to refresh your memory.
*Get valuable training that is not readily available online.
*Discover industry tips and tricks from the pros.


Places are limited*, so book your free place now!


View our webinar lineup for June 2019 Webinars Part-1:


04 June, 11:00 AM GMT: Live Analysis


In this live analysis webinar, our market expert Stuart will analyze forex, commodity and stock markets. Traders of all levels of experience can learn from this opportunity to ask questions about analysis, trading, risk management and future trading setups. In this webinar, you will:


* Watch Stuart analyze the markets in real time
* Learn how professionals approach their analysis and trading
* Get your trading questions answered live


Instructor: Stuart Cowell , HotForex’s Head Market Analyst


05 June, 11:00 AM GMT: The Crossing EMA Strategy – Intraday Timeframes


Join Stuart as he explains this straightforward moving average based strategy that can be applied to trending charts in multiple timeframes. In this informative session, he will be explaining how to use this strategy when trading intraday, how to set your stop losses and more:


* The EMA’s simple trend following approach
* Using key oscillators and momentum indicators for target and stop loss settings
* Candle size, wicks and probability


Instructor: Stuart Cowell , HotForex’s Head Market Analyst


06 June, 12:00 PM GMT: Scalping Strategies Explained


Senior trader and forex researcher, Oto, will be your host for this dedicated webinar on scalping strategies. Improve your skills and get all your questions answered about the art of scalping by joining this informative session that will cover all the below and more:


* Price action vs. mean reversion in scalping
* Example of a powerful scalping strategy
* How to manage risk
   
Instructor: Oto , BlueSkyForex


11 June, 11:00 AM: Live Analysis


In this live analysis webinar, our market expert Stuart will analyze forex, commodity and stock markets. Traders of all levels of experience can learn from this opportunity to ask questions about analysis, trading, risk management and future trading setups. In this webinar, you will:


* Watch Stuart analyze the markets in real time
* Learn how professionals approach their analysis and trading
* Get your trading questions answered live


Instructor: Stuart Cowell , HotForex’s Head Market Analyst


12 June, 11:00 AM GMT: Understanding Market Basics I


In this special 90 minutes webinar, specially designed for NEW and inexperienced traders, Andria will outline the Market Basics including Supply & Demand, Fundamental & Technical analysis including some basic charts and market cycles:


* Basic Supply & Demand
* How Fundamental and Technical Analysis differ
* Price Charts, Market Cycles, Trends and Consolidations


Instructor: Andria Pichidi , HotForex’s Analyst


13 June, 12:00 PM GMT: Trading the News Effectively


Learn what you need to know about trading the news in this focused session with senior trader and forex researcher, Oto. Get all your questions answered about the two basic market types, how to decide what news to trade and more as he discusses:


* Price action vs. mean reversion in news trading
* How to effectively trade the news
* Common pitfalls in news trading
   
Instructor: Oto , BlueSkyForex


If you have any questions, comments or feedback, please do not hesitate to contact our dedicated Customer Support Team via myHotForex, live chat, or by email webinars@HotForex.com.


Best Regards,


The HotForex Support Team



*Please Note: Places are limited and we cannot guarantee availability. On the day of the Webinar, make sure to dial in or login on time using the instructions in the confirmation email you receive following registration. When the maximum number of attendees is reached, no further registrants will be able to join.

38

Date : 31st May 2019.


MACRO EVENTS & NEWS OF 31st May 2019.






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





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





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.

39

Date : 30th May 2019.


MACRO EVENTS & NEWS OF 30th May 2019.






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





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





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.

40

Date : 29th May 2019.


MACRO EVENTS & NEWS OF 29th May 2019.






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





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





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.



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.

41

Date : 28th May 2019.

MACRO EVENTS & NEWS OF 28th May 2019.




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



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.



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.


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.

42

Date : 27th May 2019.


MACRO EVENTS & NEWS OF 27th May 2019.






* 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 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.

43

Date : 24th May 2019.


MACRO EVENTS & NEWS OF 24th May 2019.






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





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
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.

44

Date : 23rd May 2019.


MACRO EVENTS & NEWS OF 23rd May 2019.






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





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





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.

45

Date : 22nd May 2019.


MACRO EVENTS & NEWS OF 22nd May 2019.






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





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





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.

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