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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Wed Nov 15, 2017 9:13 am

Date : 15th November 2017.

MACRO EVENTS & NEWS OF 15th November 2017.


FX News Today

European Outlook: The sell off in global stock markets continued in Asia overnight, With Japan underperforming and the Nikkei closing with a loss of -1.57% as a stronger Yen added to pressure from profit taking as the year end comes into view. Concern over the rout in China’s bond market and the sell off in global commodities underpinned the decline. Oil prices continued to slide overnight, with the front end WTI future currently just barely above the USD 55.0 per barrel level. China’s 10-year yields breached 4% for the first time in more than three years yesterday, and while they are back below the key level amid a wider decline in Asian yields, there are fears more is to come. Yields in the U.S. and Europe also declined yesterday and with stock futures heading south bonds are likely to remain sought. The calendar today has the final reading for French Nov HICP and Eurozone trade data, but the focus will be on U.K. labour market and wage date, with BoE’s Cunliffe stressing late yesterday that the central bank needs clear pay growth evidence before hiking again. There is supply from Germany, which auctions 10-year Bunds after already selling 2-year Schatz notes yesterday and ECB speakers are also on the schedule.

Japan’s GDP slowed to a 1.4% growth pace in Q3, nearly as expected following a revised 2.6% gain in Q2 (was +2.5%). Consumption spending fell 0.5% in Q3 (q/q, sa) amid poor weather conditions, after a revised 0.7% gain in Q2 (was +0.8%). Business spending rose 0.2% in Q3 (q/q, sa) after the 0.5% gain in Q2. Net exports added to GDP. This was the seventh consecutive quarter of GDP growth. The deflator grew 0.1% (y/y, sa) in Q3 following the 0.4% drop in Q2 and 0.8% decline in Q1. There was a flat reading (0.0%) in Q4 of 2016 and a 0.1% dip in Q3 of 2016. Hence, this is the first expansion in the deflator since the 0.4% rise in Q2 of 2016. USDJPY has slipped to 113.22 from 113.40 going into the report’s release.

Main Macro Events Today

UK Average Earnings – Expectations – a 2.1% y/y rise in the three months to September, and a 2.2% gain in the ex-bonus numbers that would still be lagging some way behind inflation.

UK Unemployment Rate – Expectations – unchanged at the cycle low of 4.3% in September.

US Retail Sales – Expectations – inching up 0.1% in October, with the ex-auto aggregate rising 0.3% following gains of 1.6% and 1.0%, respectively in September, which were also impacted by the hurricanes. Production and manufacturing data will also be of interest.

US CPI – Expectations – rise to 0.1%m/m for October from 0.5% last month and with the core up 0.2% as energy prices moderate.

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.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Thu Nov 16, 2017 9:15 am

Date : 16th November 2017.

MACRO EVENTS & NEWS OF 16th November 2017.


FX News Today

European Outlook: Stock markets bounced back during the Asian session, and the Nikkei gained nearly 1.5% as technology and telecom stocks led the way and a weaker Yen added support. Profit taking seems to have run its course and traders are leaving concerns about the progress of U.S. tax reforms and China’s slowdown and credit burden behind and refocus on positive corporate earnings. U.K. and U.S. futures are also higher, suggesting that global markets are set to recover some of the losses from earlier in the week. Yields still dropped in Asia overnight and Bund futures climbed higher in after hour trade, with Eurozone peripherals in particular likely to benefit from the return in risk appetite. The EUR is down from recent highs, but still hovering around the 1.18 mark against the Dollar. The local calendar has U.K. retail sales data and the final reading of Eurozone HICP inflation for October.

FX Action: USDJPY has traded firmer so far today, rising concomitantly with stock markets in Asia. U.S. equity index futures are also up after the USA500 posted its biggest daily loss yesterday in two months. The yen has been correlating inversely with global stock markets this week, as it is apt to do during phases of pronounced swings in investor risk appetite. The weakness in the currency today has in turn injected extra buoyancy into Japanese stock markets, with the Topix index outperforming most of its regional peers with a gain of just over 1%. News that two U.S. senators (Ron Johnson and Susan Collins) have publicly criticised the tax reform bill may limit the rebound potential of stock markets, at least on Wall Street.

Main Macro Events Today

UK Retail Sales – Expectations – pick up to 0.1% for October, from -0.8% seen in September.

EU Final CPI – Expectations – unchanged at 1.4% and core at 0.9%.

Canadian ADP Non-Farm Employment Change & Manuf. Sales – Expectations – Manufacturing Sales expected to fall down to -0.4% from 1.6% last month, while Canadian ADP Non-Farm Employment Change will be released for the first time.

US Jobless Claims, Production & Philly Fed index – Expectations – Jobless claims expected to dip to 235K, while Phily index expected ay 25.0 from 27.9 seen on October.

BoE and FOMC – BoE Governor Carney is due to speak along with MPC members Broadbent, Cunliffe, and Ramsden about economics at various public schools, in Liverpool. FOMC members Kaplan and Brainard are due to give a speech in Houston an d Michigan 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.

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.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Fri Nov 17, 2017 8:51 am

Date : 17th November 2017.

MACRO EVENTS & NEWS OF 17th November 2017.


FX News Today

European Outlook: The recovery on global stock markets continued in Asia overnight, with a round of positive earnings from U.S. companies reports and progress on the U.S. tax reform plan underpinning risk appetite. The Hang Seng outperformed with banks underpinned by optimism over new shareholding rules. Elsewhere gains were more muted however, and the Nikkei closed up 0.20%, while U.K. Stock futures are down, and U.S. futures narrowly mixed. Oil prices are slightly higher on the day and the front end WTI future is trading a USD 55.35 per barrel. A more cautious mood then on stock markets going into the European open and long yields declined in Japan and Australia. Bund futures extended losses in after hour trade yesterday, with Gilt under-performing and with BoE’s Carney repeating late yesterday that there will be more rate hikes, if the economy develops along expected lines, Gilts could well continue to underperform. Today’s data calendar has Eurozone BoE and current account data and Bundesbank President Weidmann is scheduled to speak.

U.S. reports: revealed a surprisingly robust round of industrial production figures, with a 0.9% October surge after big upward revisions back through May, alongside a slightly larger than expected November Philly Fed drop to a still-solid 22.7 from 27.9, with a larger ISM-adjusted drop to 56.7 from 59.7. We also saw an unexpected 10k initial claims bounce to 249k in the Veteran’s Day week, though this week kicks-off the period of heightened volatility that extends through the MLK weekend. The October trade price figures proved weaker than expected despite oil import and food export price gains, perhaps partly due to the October bounce in the value of the dollar combined with some unwind of a prior hurricane-boost. The net upside surprise for the day’s reports was reinforced by a 2-point bounce in the NAHB index to 70, and a rise in the weekly Bloomberg consumer comfort index to 52.1 from 51.5.

Main Macro Events Today

ECB – ECB Pres. Draghi is due to speak at Frankfurt European Banking Congress.

Canadian CPI – Expectations – rise to 0.1% m/m in October after the 0.2% gain in September. Furthermore, CPI is expected to dip to a 1.5% annual growth pace in October from the 1.6% pace in September (y/y, nsa).

US Building Permits – Expectations – increase up to a 1.247 mln rate from 1.215 mln.

US Housing Starts – Expectations – increase up to a 1.185 mln rate from 1.127 mln.

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.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Fri Nov 24, 2017 9:06 am

Date : 24th November 2017.

MACRO EVENTS & NEWS OF 24th November 2017.


FX News Today

European Outlook: : Asian stock markets moved slightly higher in quiet trade. The rout on Chinese bond and stock markets that dominated Thursday’s session faded and the Nikkei managed a 0.12% gain as the yen weakened. Chinese bond markets declined somewhat, Treasury yields climbed higher, underpinning the USD. With most U.S. investors out for the Thanksgiving holiday and markets closed Thursday, trading in Asia remained lacklustre even as Japan reopened. European and U.S. stock futures are also moving higher, oil prices are up and the WTI future is trading at USD 58.47. In Europe, the calendar still holds German Ifo investor sentiment, which could come in higher than expected after the surprisingly strong PMI readings yesterday. There seems to be come movement in Germany’s political stalemate with hopes that the SPD may take back its “no” to a coalition with Merkel’s CDU/CSU and ECB’s Couere said the deposit rate will stay at -0.4% for a long time.

Canada’s drop in retail sales volumes adds another hit the September GDP outlook. Retail sales volumes fell 0.6% m/m in September after an 0.5% decline in August and a 0.3% fall in July, contrasting with the gains from January to June. The BoC tagged a fading child tax credit boost as a key driver of the Q1 and Q2 consumption gains and subsequent drop off. There was a 1.1% tumble in wholesale shipment volumes. There was a 0.7% bounce in manufacturing shipment volumes. The contribution from construction production could be mildly negative, as housing starts fell 2.8% to a 219.3k pace in September from 225.6k in August. But the outlook for mining, oil and gas production is upbeat. Energy export values grew 7.2% m/m in September. The manufacturing report’s petro and coal shipments measure improved 10.3% m/m in September. But while we’ve seen some disappointing reports of late, the BoC has projected slowing in the second half after the robust first half. And the slowing, at this point, looks to be close to what they projected in October. BoC speakers have been clear that the economy, along with uncertainty over NAFTA, has led them to a cautious stance on further rate increases.

Main Macro Events Today

German IFO- Expectations – Business IFO falls by 0.1 to 116.6.

US Markit PMI – Expectations –the November Prelim. Manufacturing PMI rising to 54.8 from 54.6 and the services reading to 55.5 from 55.3

ECB Vice President Constancio and ECB Coeure speech

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

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.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Mon Nov 27, 2017 11:13 am

Date : 27th November 2017.

MACRO EVENTS & NEWS OF 27th November 2017.


Image

FX News Today

The end of the year is fast approaching. But, there is still a lot to be done over the next thirty days, with several important events and data reports to be assessed and digested before the markets can turn out the lights on 2017. One of the most crucial developments will be whether a tax reform bill can be crafted. Meanwhile, this week brings Fed Chair nominee Powell’s confirmation hearing, JEC testimony from Yellen, and an OPEC meeting. Political uncertainty in Germany will be an undercurrent ahead of Brexit talks in early December, with the EU Leaders Summit in mid-December, as well as ECB and FOMC meetings. And, a variety of top tier data on growth, inflation, production, and trade will help fine tune outlooks into 2018.

United States: There’s plenty in the U.S. this week to pique interest heading into December and year end. The holiday shopping season kicked off in style on Black Friday with strong retail spending, both in brick and mortar shops and online, with estimates around $33 bln, according to Customer Growth Partners data, which would be a 4.9% y/y pick up. Along with the focus on holidays, attention will turn to Congress which returns from the Thanksgiving recess and will set to work on the tax bill. Additionally, Fed Chair Yellen’s give her final JEC testimony (Wednesday). The Senate Banking Committee also begins hearings on Fed chair nominee Powell (Tuesday). The Beige Book is on tap too. (Wednesday).

As for data, revised Q3 GDP (Wednesday) will be a focal point. The November ISM (Friday) is estimated slipping to 58.3 from 58.7. November vehicle sales (Friday). October new home sales (Monday) are expected to drop 10% to a 600k pace unwinding some of the hurricane-distorted 18.9% jump in September to 667k. November consumer confidence (Tuesday) is seen edging up to 126.0 from 125.9. October personal income and consumption (Thursday) will help further fine tune GDP forecasts, and will also be important gauges ahead of the holiday shopping season. Other housing data is slated this week includes the September Case-Shiller home price index (Tuesday), the September FHFA home price index (Tuesday), and October pending home sales (Wednesday). Construction spending (Friday) likely rose 0.7% in October after a 0.3% September gain. Also on tap is the November Dallas Fed’s manufacturing index (Monday), which surged 6.3 points to 27.6 in October, as well as the Chicago PMI, which is projected falling to 61.0 in November from 66.2.

Canada: Employment, GDP and the BoC’s Financial System Review headline a busy week of data and events. GDP (Friday) is expected to reveal a slowdown to a 1.6% Q3 pace of real GDP growth (q/q, saar) from the 4.5% growth rate in Q2. A slowdown in growth after the robust first half has been well-flagged by the BoC. Employment (Friday) is seen rising 20.0k in November after the 35.3k increase in October. The current account deficit (Thursday) is anticipated to widen to -C$20.0 bln in Q3 from -C$16.3 bln in Q2, as the nominal trade deficit ballooned in Q3. The industrial product price index (Tuesday) is expected to rise 0.5% in October (m/m, nsa) after the 0.3% decline in September, as energy and commodity prices moved higher while the loonie lost value against the U.S. dollar. September average weekly earnings are due Thursday. The CFIB’s November Business Barometer sentiment measure of small and medium firms is due out Thursday. Meanwhile, the Bank of Canada releases the Financial System Review on Tuesday. Governor Poloz and Senior Deputy Governor Wilkins will take questions from the press.

Europe: November seems to be ending on an upbeat note with plenty of reason for cheer. Confidence indicators have surged higher; the recovery remains on track; the ECB is still in a generous mood and there are glimmers of hope on the political fronts as well. This month’s round of survey data concludes with the European Commission’s November ESI Economic Confidence Indicator (Wednesday), which after the very strong PMI readings, is expected to show a marked uptick, especially as preliminary consumer confidence numbers have already came in much higher than anticipated. The German labour market in particular is looking increasingly tight and a decline in the November sa jobless number is anticipated (Thursday) of -7K, which would leave the adjusted unemployment rate at a record low of 1.5%. Overall Eurozone numbers meanwhile are also improving and the unemployment rate (Thursday) is likely to dip to 8.8% from 8.9% in September. The HICP rates anticipated to rise around 0.2%, which would bring the German rate (Wednesday) to 1.7%, the Italian (Wednesday), French (Thursday), both to 1.3% y/y and the overall Eurozone rate (Thursday) to 1.6% y/y from 1.4%. Though still below the ECB’s upper limit for price stability, growth indicators looking stronger than anticipated, making the ECB’s decision to extend the balance sheet once again and to leave QE open-ended, seem questionable. Indeed, there are more and more signs that while the ECB is reluctant to commit to a firm end date, in the central scenario the next QE program that ends in September next year, will likely be the last. The calendar also has Eurozone M3 money supply growth, French consumption, German retail sales and another updated for French Q3 GDP.

UK: There is a risk of Brexit-related disappointment into the EU leaders’ summit in mid-December. While an FT report early last week (citing sources) attested that the EU and UK have a breakthrough in the works with regard to agreeing on divorcing terms, doubts have persisted. The EU’s Juncker said Thursday “we’ll see” as to whether there has been sufficient progress to move forward at the December-4 meeting between May, himself and EU chief Brexit negotiation, Barnier. This week’s calendar brings October lending data from the BoE (Wednesday), the November Gfk consumer confidence survey (Thursday) and the manufacturing PMI survey (Friday). The lending data expected to show steady lending to consumers, both unsecured and lending secured on dwellings, while consumer confidence to nudge lower, and the November manufacturing PMI report, to stay unchanged from November and indicate ongoing expansion in the sector.

Japan: October retail sales (Wednesday) are penciled in with a 1.0% y/y contraction after posting a 1.9% growth rate for large retailers. Overall sales are seen slowing to 0.3% y/y from 2.3% overall. October industrial production (Thursday) should rise to 1.5% y/y versus the previous 1.1% decline. October housing starts and construction orders are also due Thursday. The balance of releases come on Friday, with CPI figures headlining. The November manufacturing PMI, and November auto sales are also on Friday’s docket.

China: official November CFLP manufacturing PMI (Thursday) is expected to slip to 51.4 from 51.6, while the November Caixin/Markit manufacturing PMI (Friday) is penciled in at 50.7 from 51.0.

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.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Tue Nov 28, 2017 9:02 am

Date : 28th November 2017.

MACRO EVENTS & NEWS OF 28th November 2017.


FX News Today

European Outlook:Asian stock markets headed south again, as declines and energy and mining stocks led shares lower amid a further drop in metal prices. Concern China’s regulators may limit the flow of funds into Hong Kong’s stock markets adding to pressure. The China Securities Regulatory Commission is suspending approval of mutual funds that plan to allocate more than 80% in Hong Kong listed shares, according to media reports. The Hang Seng declined -0.65%, the CSP 300 was down -0.22%, against minimal losses in Nikkei and ASX 200. U.S. and U.K. stock futures are also heading south, as the U.S. tax debate gets underway. Oil prices are down and the front end WTI future is trading at USD 57.75. Today’s local calendar remains relatively quiet, but includes Eurozone M3 money supply, Canadian RMPI, US Housing Index, trade, consumer confidence, RBNZ Stability Report and lot of Fedspeeches.

German import price inflation fell back to 2.6% y/y in October, from 3.0% y/y in the pervious month. Like the deceleration in HICP inflation that month the drop was largely driven by lower energy prices and excluding energy the annual rate actually rose to 2.2% y/y from 2.1% y/y. So a confirmation that energy prices continue to play a dominant role in headline developments, but also that underlying inflation pressures are slowly picking up again even on the import price front.

U.S. reports: revealed a surprising 6.2% October new home sales climb to a hurricane-boosted 685k rate that marked a 10-year high, following a trimming in September’s prior cycle-high to 645k from 667k. Home sales rose 1% in the south despite huge prior gains, though we saw larger 6%-30% October gains in the other three regions. A preponderance of upside surprises in the construction and factory-sensitive reports through early-2018 given disaster-related rebuilding activity, are still widely expected. The Dallas Fed index bucked this boost however, as well as a likely lift from rising oil prices, with a headline drop to a still-firm 19.4 from an 11-year high of 27.6 in October, while the ISM-adjusted measure fell to 55.6 from a 57.9 October cycle-high. A small November drop-backs has been seen in most producer sentiment levels, though still-robust levels suggest upside risk to 3.0% Q4 GDP estimate, after an assumed Q3 boost to 3.5% from 3.0%.

Main Macro Events Today

US Consumer Confidence – Expectations – seen edging up to 124.0 from 125.9.

September Case-Shiller home price index and the September FHFA home price index

Canadian IPPI – Expectations –rise up to 0.5% in October (m/m, nsa) after the 0.3% decline in September.

Fed’s Dudley and FOMC Member Powell and Harker Speech

BoC Financial System Review – Governor Poloz and Senior Deputy Governor Wilkins speech at 16:30 GMT.

RBNZ Financial stability 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.

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.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Wed Nov 29, 2017 9:06 am

Date : 29th November 2017.

MACRO EVENTS & NEWS OF 29th November 2017.


FX News Today

European Outlook: Asian markets seem to have shrugged off North Korea’s missile launch and turned their focus to the progress of Trump’s tax cut plans, with a weaker yen, helping the Nikkei to rise 0.49%. the ASX is also up Hang Seng and CSI 300 are underperforming and struggling to hang on to marginal gains, and the MSCI Asia Pacific index gained for the first time in three days. China’s 10-year yield remained above 4% as the PBOC once again refrained from adding net liquidity. U.K. stock futures are down, despite reported that negotiators reached an outline deal on the Brexit “divorce bill”, which would lead the Irish border issue as the only obstacle to early trade and transition talks. Today’s calendar has Eurozone ESI economic confidence, preliminary inflation data out of Spain and Germany, U.K. money supply and credit growth as well as French GDP and consumer spending.

Negotiators reached outline deal on Brexit “divorce bill”, according to Bloomberg reports.Cable surged nearly 100 points to 1.3325 following Bloomberg headlines (citing The Telegraph) saying that the U.K. and EU have agreed on divorce terms. EU leaders will still have the final say whether the offer is high enough to unblock talks on transition and trade agreements. There also remains the difficult and sensitive issue of the Irish border, but Irish Foreign Minister Coveney said U.K. and EU teams are discussing possible wordings for a commitment on the border issue, that would allow trade talks to move ahead. Ireland can still block the move at the December summit where heads of states will to sign off any possible deal.

Main Macro Events Today

EMU ESI confidence – Expectations – 114.6 up from 114.0 in October

US Prelim GDP – Expectations – upward revision to a 3.2% rate of growth, versus the initial 3.0% print.

BOE Governor Carney Speaks at 14:00 GMT and BOE Ramsden speaks at 14:45 GMT

Fed Chair Yellen Testifies at 15:00 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.
HotForex is fully regulated and licensed onlineForex and commodities broker
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Thu Nov 30, 2017 9:16 am

Date : 30th November 2017.

MACRO EVENTS & NEWS OF 30th November 2017.


FX News Today

European Outlook: The global sell off in tech stocks continued in Asia, Japanese markets managed to outperform, underpinned by financials and the Nikkei managed a gain of nearly 0.6%, but the Hang Seng dropped 1.5%, the CSI 300 1.3% and the ASX declined 0.69%, after the government announced an inquiry into banks. South Korean listed shares dropped after the central bank hiked interest rates. UK100 futures are heading south, U.S. futures are narrowly mixed. Data releases in Europe include Eurozone jobless numbers and most importantly preliminary Eurozone HICP readings for November.

Sterling continued has extended its ascent into a third day, with Cable punching out a fresh two-month high of 1.3480 and EURGBP plumbing a three-week low. Reports continue to point to a deal-in-the-works between the EU and the UK on the final financial settlement, and there is also raised hopes that an agreement will be made on the Irish border issue (and so avoid the spectre of a Dublin veto). Elsewhere, EURUSD has remained buoyant, although has thus far remained below yesterday’s peak at 1.1882. USDJPY rose for a third straight session, logging an 11-day peak of 111.24. This is the biggest rebound the pair has seen in four weeks, marking a break in the down phase that’s been in place since November (both breaking above and closing above trend resistance yesterday). Strong gains have also been seen in EURJPY, which is up nearly 1% over the last day, along with GBPJPY, which has surged by nearly 2% over the last two days. The yen, which is generally regarded as the safe haven currency of choice, has clearly not been in demand despite the haemorrhage in tech stocks over the last day, and concerns about North Korea’s ongoing development of ICBM capability.

Main Macro Events Today

EU CPI – Expectations – rise by 0.2% for November from 0.9% seen in October.

EU Unemployment Rate – Expectations – Unchanged at 8.9% for October

US Unemployment Claims and PCE – Expectations – Unemployment Claims expected at 240K from 239K seen last week, while core PCE expected to rise to 0.2% m/m from 0.1%.

Last day of OPEC meeting

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

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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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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Fri Dec 01, 2017 8:50 am

Date : 1st December 2017.

MACRO EVENTS & NEWS OF 1st December 2017.


FX News Today

European Outlook: Asian stock markets traded mostly higher as tech stocks recovered on Wall Street and key oil exporting countries agreed to extend production cuts. Hang Seng and CSI 300 underperforming once again, after a weak Caixin manufacturing PMI reading. U.K. and U.S. stock futures are in the red, however, Japanese and U.S. long yields are down. Meanwhie, WTI crude languishes at the bottom of its intra day range, trading just above the $57.00 mark, as OPEC and Russia agrees to continue output caps through the end of 2018. The agreement will reportedly be reviewed in June of next year. This was the outcome most had been looking for, though with the market still overweight on the long side, profit taking may keep further gains out of reach until positioning returns to a more neutral state. Today’s calendar has final Eurozone manufacturing PMI readings for November, which are not expected to bring major surprises and confirm preliminary readings. The U.K. CIPS manufacturing meanwhile is sseen steady at 56.5, unchanged from October.

FX Action: USDJPY edged out an 11-day high of 112.69 in the early Asia-Pacific session, and has since remained buoyant. This makes it the fourth consecutive day the pair has risen. Yen weakness has been driving the move. EURJPY logged a four-month high, at 134.29, GBPJPY a two-month high of 152.52, and AUDJPY a 10-day peak. A flood of data releases were seen today out of Japan, the more salient of which from a monetary policymaker perspective, was that inflation remains benign, with the October CPI headline coming in a just 0.2% y/y and the core CPI version at 0.8% y/y, well off the 2.0% BoJ target. Other data included a solid outcome in the November manufacturing PMI, which rose to a 53.6 reading from 52.8 in the month prior, its best in 44 months. Capital expenditure rose a solid 4.3% q/q in Q3, while labour data showed that the job to applicant ratio rose to its highest since January 1974.

Main Macro Events Today

EU & German Manuf. PMI – Expectations – rise by 0.2% for November from 0.9% seen in October.

Canadian GDP – Expectations – slowdown to a 1.6% Q3 pace of real GDP growth (q/q, saar) from the 4.5% growth rate in Q2.

Canadian Employment Data – Expectations – improve by 20.0k in November after the the 35.3k gain in October

US ISM Manuf. PMI – Expectations – slip to 58.4 from 58.7 for November.

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.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Mon Dec 04, 2017 8:45 am

Date : 4th December 2017.

MACRO EVENTS & NEWS OF 4th December 2017.


Image

FX News Today

The collision of two opposing forces on Friday put the markets in a lather as the Senate tax cut bill garnered sufficient momentum to pass by the skin of McConnell’s teeth, but offset by news that former Trump advisor Flynn plans to plead out to lying to the FBI and indicate he was directed (by someone) to contact the Russians. According to several reports, that “someone” now appears to have been Trump’s son-in-law Kushner, who has meanwhile been invited back before the Senate Intelligence panel. At least in the short-term, this was a clear victory for volatility for a change, which was one of the main beneficiaries, contributing to large swings in stocks, yields and the dollar. It seems that December has begun with a bang and the last month of the year is certainly setting up to be an eventful one ahead of the holidays and before we close out 2017

United States: The U.S. economic calendar will feature a steady drumbeat of factory, trade, ISM services, ADP, productivity and credit data all setting the table for the main course on Friday — the jobs report. November non-farm payrolls are expected to increase by 260k, with a 250k private payroll gain following the October 261k print. Factory goods orders are forecast (Monday) to rise 0.2% for October after a 1.5% gain in September. The trade deficit is expected (Tuesday) to widen to -$47.5 bln in October vs -$43.5 bln, while ISM Non-Manufacturing index is set to slip to a still-respectable 59.0 in November from 60.1. The MBA mortgage market indices are due (Wednesday), along with the release of the private ADP employment survey. Q3 productivity is expected to increase 3.3% vs 3.0% in Q2 (Wednesday), allowing unit labor costs to slip 0.1% from 0.5%. Initial jobless claims may slip 2k to 236k for the December 2 week (Thursday). Rounding out the week after the payrolls report (Friday) will be preliminary Michigan sentiment and wholesale trade.

Canada: The BoC’s announcement (Wednesday) is the focus this week. No change is expected in the current 1.00% rate setting. Taking into consideration ongoing uncertainty over NAFTA and the Bank’s desire to gauge the impact of this year’s 50 bp in hikes and upcoming mortgage rule changes, the next hike is anticipated in March at 25 basis point move. Meanwhile, a busy data calendar is on tap this week. The October trade deficit (Tuesday) is expected to narrow to -C$2.6 bln from -C$3.2 bln in September. Productivity (Wednesday) is expected to contract 0.5% (q/q, sa) in Q3 after the 0.1% dip in Q2, as hours worked growth remained firm but output growth slowed sharply. Building permits (Thursday) are expected to fall 1.0% in October after the 3.8% gain in September. Housing starts (Friday) are projected to slow to a 215.0k unit growth rate in November from the 222.8k growth clip in October. Capacity utilization (Friday) is on track to improve to 85.1% in Q3 from 85.0% in Q2.

Europe: Political events move to the forefront again, as U.K. Prime Minister May is set to meet EU’s Juncker and Barnier on Monday and Germany’s Social Democrats are inching closer towards formal coalition talks with Chancellor Merkel and her CDU/CSU alliance. SPD leader Schulz has a chance to put the issue to a vote at a party conference this week but as the last round of coalition talks showed, even the start of formal negotiations would not secure that there will be a deal at the end. Data releases this week are expected to confirm the stronger than expected growth trajectory. The final reading of the November Eurozone Services PMI (Tuesday) is expected to be confirmed at 56.2, with companies reporting swift job creation, but also a buildup of inflationary pressures that will add to the arguments of the hawks at the ECB. German October manufacturing orders (Wednesday) may be expected to correct -0.2% m/m , after the rise of 1.0% m/m in the previous month, but the overall trend remains very strong. Meanwhile German industrial production should still benefit from the robust rise in orders in previous months and is expected to have expanded 1.0% m/m in October. The data calendar also includes German trade data, French production, Eurozone retail sales and producer price inflation. Supply comes from Germany, with a EUR 2 bln 10-year Bund auction scheduled for Wednesday.

UK: Monday’s meeting between British PM May and top EU officials will draw a lot of attention, as this is the juncture when an agreement on divorcing terms is now widely expected to be announced. The pound rallied by over 1% last week at the prompt of media reports suggest that both the UK and the EU have reached a concord with both the final financial settlement Britain will pay before leaving, to square exiting obligations, and the Irish border issue — the two thorniest issues of the three issues that comprise the overall divorcing arrangements (the other being the rights of EU and British citizens living in each other’s territory). Should this prove the case, talks on a post-Brexit trading relationship can begin, along with the possibility of a transitory period.

The data calendar this week is highlighted by the release of the construction and service-sector PMI November surveys (Monday and Tuesday, respectively). These will follow the much stronger than expected November PMI report for the manufacturing sector, released on Friday, which has offered fresh evidence of the impact that a competitive exchange rate and rising European demand have been having on the sector. Production and trade figures for October are also due on Friday.

Japan: In Japan, November services PMI (Tuesday) is penciled in edging up to 53.5 from 53.4 previously. Revised Q3 GDP (Friday) is forecast to improve to a 1.6% y/y pace, from the initial 1.4% reading. Also, the October current account surplus is seen narrowing to JPY 1,700 bln from 2,271 bln in September. November bank loan figures are also on deck Friday.

China: China November Caixin/Markit services PMI (Tuesday) is forecast at 51.5 from 51.2, while the November trade report (Friday) should see the surplus narrow to $35.0 bln from $38.2 bln. November CPI and PPI (Saturday) should show some slowing in inflation and we estimate the former at a 1.7% y/y clip from 1.9%, and 5.9% y/y from 6.9% for the latter.

Australia: The RBA is seen holding rates steady at the current 1.50% rate setting (Tuesday). The Q3 current account deficit (Tuesday) is seen narrowing to -A$9.0 bln from -A$9.6 bln. Retail sales (Tuesday) are expected to expand 0.3% m/m in October after the flat reading in September. GDP (Wednesday) is expected grow with a 0.5% gain (q/q, sa) in Q3 after the 0.8% improvement in Q2. The trade surplus (Thursday) is anticipated at A$1.9 bln in October from A$1.7 bln in September. Housing investment (Friday) is expected to rise 2.0% m/m in October after the 2.3% drop 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.

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.
HotForex is fully regulated and licensed onlineForex and commodities broker
User avatar
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