Hotforex - Market Analysis and News.

H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 31st January 2019.

MACRO EVENTS & NEWS OF 31st January 2019.


FX News Today

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

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

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

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

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

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

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

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

Main Macro Events Today

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

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

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

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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H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 1st February 2019.

MACRO EVENTS & NEWS OF 1st February 2019.



FX News Today
  • US-Sino trade talks will continue later this month with the March 1 deadline for tariff hikes coming ever closer. Both sides sounded cautiously optimistic
  • Stock markets traded mixed in Asia. Topix and Nikkei closed with a gain of -0.18% and a marginal gain of 0.07% respectively.
  • China’s manufacturing PMI decline dropped to the lowest level since February 2016. This revived concerns about the country’s economic strength.
  • Earnings reports continue to come into the mix and banks were the biggest drag on Japanese benchmarks, while electronics makers gained.
  • European stock futures are moving higher and US futures are now also mostly up as the focus shifts to US jobs data.
  • The WTI rallied as much as 2%, peaking at two-plus month highs of $55.32 before falling back to the current $53.80.
  • EURUSD eased from 3-week highs, back to 1.1440 area. USDJPY is above 2-week lows and currently retesting 109.
Main Macro Events Today
  • Eurozone Manuf. PMI – Expectations – January Eurozone Manufacturing PMI will likely be confirmed at just 50.5 from the preliminary print, dropping from December’s 51.4, with confidence data adding to concerns that the slowdown will be more protracted than initially expected.
  • Eurozone’s CPI – Expectations –Eurozone preliminary CPI reading for January should be at just 1.5% y/y, down from 1.6% y/y at the end of 2018.
  • US Nonfarm Payrolls and ISM Manu. PMI – Expectations – January nonfarm payrolls are expected to increase by 200k, with a 195k private payroll gain. The ISM is expected to slip to a new 2-year low of 54.0 in January from 54.3 in December, versus a 14-year high of 61.4 in August.

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.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 4th February 2019.

MACRO EVENTS & NEWS OF 4th February 2019.




FX News Today

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

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

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

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

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

Charts of the Day



Main Macro Events Today

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

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

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

Support and Resistance Levels

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

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

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.

Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 5th February 2019.

MACRO EVENTS & NEWS OF 5th February 2019.


FX News Today

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

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

* AUDUSD perked up to 0.7260 from 0.7204.

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

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

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

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


Main Macro Events Today

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

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

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

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


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.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 6th February 2019.

MACRO EVENTS & NEWS OF 6th February 2019.




FX News Today

* Asian stock markets had another lacklustre session.

* In Europe, Bunds got another boost from the much weaker than expected German orders number. Manufacturing orders down -1.6% m/m.

* RBA shifted to a neutral stance: RBA Governor Philip Lowe mentioned that the ‘interest rate outlook is now more evenly balanced’.

* AUD tumbled in tandem with 10-year rates, which dropped -6.3 bp to 2.180%.

* EURUSD at 12-day lows under 1.1400; GBPUSD drifted back below 1.3000.

* WTI future is trading at USD 53.66, after falling back from levels over USD 55 yesterday.

Charts of the Day



Main Macro Events Today

* US Trade Balance – The November trade deficit is expected to narrow to -$54.0 bln from -$55.5 bln.

* Nonfarm Productivity and Labor Costs – Nonfarm productivity growth is pegged at 2.5% in Q4, following a Q3 trimming to 1.7% from 2.3%, while unit labor costs may rise 1.5%.

* Canadian Ivey PMI – The January Ivey PMI is expected to improve to a seasonally adjusted 62.0 from 59.7 in December.

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

Support and Resistance Levels



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.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 7th February 2019.

MACRO EVENTS & NEWS OF 7th February 2019.


FX News Today

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

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

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

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

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

Main Macro Events Today

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

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

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

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

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.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 8th February 2019.

MACRO EVENTS & NEWS OF 8th February 2019.




FX News Today

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

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

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

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

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

* Oil prices fell back to USD 52.26 per barrel.

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

Charts of the Day



Main Macro Events Today

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

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

Support and Resistance Levels



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

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

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.

Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 11th February 2019.

MACRO EVENTS & NEWS OF 11th February 2019.




FX News Today

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

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

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

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

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

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

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

Charts of the Day



Main Macro Events Today

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

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

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

Support and Resistance Levels



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

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

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.

Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 12th February 2019.

MACRO EVENTS & NEWS OF 12th February 2019.




FX News Today
  • Stock markets remain supported by improving risk appetite, with investors hoping for progress in US-Sino trade talks.
  • Japanese markets outperformed in catch up trade on returning from yesterday’s holiday and underpinned by a weaker yen.
  • US lawmakers have reached an “agreement in principle” on funding for border security that would stop a second government shutdown on Friday.
  • Brexit concerns continue to linger.
  • Comments from ECB’s Lane, has underpinned speculation that Draghi will rule out another rate hike this year amid the expected downward revisions to growth forecasts.
  • The front end WTI future is trading at USD 52.55 per barrel.3
  • EURUSD went sub-1.1300 for first time in 6 weeks on generally firmer dollar.
  • USDJPY rallied to 6-wk high of 110.64, underpinned by rally in global stocks.
Charts of the Day

Main Macro Events Today
  • German President Weidmann speech – German President Weidmann is due to deliver a speech titled “The role of the central bank in a modern economy – a European perspective” at the University of South Africa, in Pretoria.
  • BoE Carney speech – Due to speak about the economic outlook and global trade tensions, in London.
  • Fed Chair Powell speech – Due to deliver a speech titled “Economic Development in High Poverty Rural Communities” at the Hope Enterprise Corporation Rural Policy Forum, in Mississippi.
  • Fed Mester and George speech – Cleveland Fed hawk Mester will update the economic outlook and policy, while KC Fed hawk George will discuss “Charting America’s Economic Course.” Though both have been two of the most hawkish on the FOMC, each has recently indicated a pause is in order currently.
Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

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


Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.

Andria Pichidi
Market Analyst
HotForex

Disclaimer:
This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 13th February 2019.

MACRO EVENTS & NEWS OF 13th February 2019.




FX News Today
  • 10-year Treasury yields are up 0.5 bp at 2.693% and JGB yields lifted 1.2 bp to -0.0013%.
  • Stocks were supported by trade talk hopes as US President Donald Trump’s suggestion that he could see letting the March 1 deadline on China tariffs slide a little if the two sides were close to a complete deal helped to underpin sentiment.
  • The negative sentiment that dominated much of the last months of 2018 continues to unwind, but markets will ultimately have to see permanent solutions and real results, otherwise they remain at risk of sliding back again.
  • For now though markets are mostly in a positive mood and while the ASX closed with a loss of -0.26%, Topix and Nikkei rallied 1.06% and 1.34% respectively. The Hang Seng is up 1.21%, China’s blue chip index CSI is up 2.1% and the Shanghai Composite 1.92%.
  • US futures are equally moving higher, as are European futures.
  • Oil prices have also come back from the lows seen early in the week and the front end WTI future is trading at USD 53.64 per barrel.
  • The calendar today has inflation releases for the UK and the US, with the Riksbank meeting not expected to post any surprises.
Charts of the Day

Main Macro Events Today
  • UK Price Indices – The UK’s Price Indices are expected to continue close to their December levels, however at mixed outcomes. The Retail Price Index is expected to stand at 2.6% y/y compared to 2.7% last month, the PPI to increase to 3.8% y/y compared to 3.7%, while the CPI is expected to have stood at 1.9% compared to 2.1% in December.
  • EU Industrial Production – Industrial production in the European Union is expected to continue its decline albeit at a slower pace, with a reduction of 0.4% m/m expected in the December data, compared to a 1.7% reduction in November.
  • US CPI Inflation – Inflation is expected to have declined in the US, in association with the prevailing understanding of a slowdown in the economy, with the CPI expected to have increased by 1.5% y/y, compared to 1.9% y/y in December. Core CPI is expected to have increased by 2.1% y/y compared to 2.2%.
Support and Resistance

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

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

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.

Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 14th February 2019.

MACRO EVENTS & NEWS OF 14th February 2019.



FX News Today
  • 10-year Treasury yields are up 0.2 bp at 2.704% and JGB yields fell back -0.8 bp to -0.025% as the rally on stock markets faded.
  • Wall Street still closed with slight gains, but there wasn’t enough momentum to sustain a further broad move higher in Asia.
  • Topix and Nikkei closed little changed and the Hang Seng is down -0.26% while CSI 300 and Shanghai Comp are up 0.33% and 0.13% respectively, after Chinese data showed a rebound in exports at the start of the year.
  • The tech hub of Shenzhen outperformed with a gain of 0.93%, but the ASX closed with a marginal loss.
  • US futures as well as European futures are moving higher though, so there is still some life in markets after reports that the US is considering delaying China tariffs for 60 days. President Trump had already told reporters that trade talks are making good progress.
Main Macro Events Today
  • EU GDP – The common currency’s GDP is expected to have grown by 1.2% y/y in the final quarter of the year, the same growth rate recorded in Q3.
  • US Retail Sales – One of the most important indicators of consumption, Retail Sales ex Autos are expected to have grown by 0.1% m/m in December, compared to 0.2% m/m in November.
  • US PPI Inflation – In accordance with the slowdown picture in the US, PPI inflation is expected to have slowed to 2.5% y/y in January, compared to 2.7% y/y in December.
  • US Jobless Claims – Continuing Jobless Claims are expected to have increased to 1.74M on the week ending at January 8, compared to 1.736M last week. Initial Jobless Claims are expected to have decreased to 225K compared to 234K the previous week.
  • Brexit Vote –Theresa May has put a new motion before Parliament asking to allow her to continue negotiating, in order to seek changes to the backstop.
Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

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

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.

Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 15th February 2019.

MACRO EVENTS & NEWS OF 15th February 2019.




FX News Today

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

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

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

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

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

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

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

Charts of the Day



Main Macro Events Today

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

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

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

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

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

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.

Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 18th February 2019.

MACRO EVENTS & NEWS OF 18th February 2019.




FX News Today

* Japanese bond yields increased, outperforming against most other bonds in Asia as stock markets rallied.

* Trade optimism, improving credit data out of China and better than expected machinery orders in Japan boosted risk appetite and Topix and Nikkei closed with gains of 1.6% and 1.8% respectively.

* The Hang Seng is up 1.7% as CSI 300 and Shanghai Comp have gained 2.9% and 2.4% respectively so far.

* US President Trump said over the weekend that talks were “very productive” and China’s President Xi Jinping said the latest round of meetings “achieved important progress in another step”, which fueled optimism that another round of punitive tariffs can be avoided.

* Improved credit data out of China meanwhile helped to calm concerns about growth prospects in the country.

* US futures are narrowly mixed and European stock markets marginally higher, so it remains to be seen whether the rally will be sustained.

* The front end WTI future is trading at USD 55.93 per barrel, after testing highs over USD 56.

* US markets are closed today and there was no trade in Treasuries.

Charts of the Day



Main Macro Events Today

* US Presidents’ Day – US Markets closed today for a public holiday.

Support and Resistance Levels



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

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

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.

Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 19th February 2019.

MACRO EVENTS & NEWS OF 19th February 2019.




FX News Today

* Mixed session on Asian stock markets.

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

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

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

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

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

* Cable has lodged back above 1.2900.

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

Charts of the Day



Main Macro Events Today

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

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

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

Support and Resistance Levels



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.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 20th February 2019.

MACRO EVENTS & NEWS OF 20th February 2019.




FX News Today
  • Bund yields lower in opening trade, Equity markets mostly higher in Asia.
  • Stock markets in Asia remained underpinned by hopes of a US-Sino trade deal.
  • Wall Street closed higher, helped by positive earnings at Walmart Inc. Fresh.
  • President Trump meanwhile suggested that March 1 tariff deadline is not cast in stone, so there is hope that further tariffs can be avoided.
  • Japan’s exports fell 8.4% in January, while imports declined 0.6% y/y. The contraction in exports seems consistent with escalating concern that Japan’s export sector will be dented this year by global trade frictions and the slowing in China’s economy.
  • The Yuan lifted after a Bloomberg report saying the US was looking for a pledge from China that it will not devalue its yuan currency as part of the trade deal.
  • USDJPY has climbed to 110.91 from 110.60, amid cautious risk-on theme
  • WTI crude edged out fresh 3-month high of $56.77.
Charts of the Day


Main Macro Events Today
  • Juncker and May meet for another round of crunch talks in Brussels today.
  • EU Consumer Confidence – The overall Eurozone number Consumer Price Index (M/M) on course to be confirmed at 1.4% y/y.
  • FOMC minutes – The focus turns on the FOMC minutes to the January 29, 30 policy meeting as we look to glean more information on the Fed’s pivot to a more dovish point of view, even as rates were left unchanged. We did get a glimpse from Chairman Powell’s press conference, where he noted tighter financial conditions, along with tame inflation. And he said the onus is on price pressures to force a rate move.
  • Australian labour data – The unemployment rate is seen holding steady at 5.0%.
Support and Resistance

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 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 to register for FREE!



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.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 21st February 2019.

MACRO EVENTS & NEWS OF 21st February 2019.




FX News Today
  • Asian equities initially rallied after Fed minutes promised patience on further policy action but most have moved down from earlier highs.
  • Hopes that the US and China are nearing a deal on trade have risen after an unnamed source cited by Reuters said the two sides have started to outline commitments in principle in what is described as the most significant progress yet.
  • The JPY225 closed with a gain of just 0.15%, while the Topix was unchanged from yesterday. The Hang Seng is up 0.03% and mainland China indices are also little changed.
  • The AUS200 outperformed and rallied 0.70%, after better than expected jobs data.
  • US futures are stronger after Reuters reports outlined progress in US-Sino trade talks and European futures are also moving higher.
  • The March WTI futures are trading at USD 57.33 per barrel.
Charts of the Day


Main Macro Events Today
  • EU PMIs – EU Manufacturing PMI is expected to have declined to 50.3 in February, compared to 50.5 last month, dangerously close to the 50 threshold. Services PMI is expected to have increased to 51.4, compared to 51.2 in January, hence pushing the overall Composite PMI higher to 51.1, compared to 51.0 in the previous month.
  • Philly Fed Index – The Philly Fed Manufacturing Index is expected to have declined to 14, compared to 17 in January, still registering a positive effect.
  • Durable Goods – Durable goods are expected to come out registering positive growth for December, compared to negative for November.
  • US PMIs – Manufacturing is expected to have declined in the US, similar to the EU, reaching 54.7 compared to 54.9 last month, while Services are expected to have slightly grown to 54.3 compared to 54.2 in January.
  • Existing Home Sales – Home Sales are expected to have remained at more or less the same levels, at 5M, compared to 4.99M last month.
  • CB Leading Index – The Conference Board Index is expected to have shown a 0.1% m/m increase in January, compared to the 0.1% m/m contraction in December.
Support and Resistance

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 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 to register for FREE!



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.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 22nd February 2019.

MACRO EVENTS & NEWS OF 22nd February 2019.




FX News Today

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

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

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

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

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

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

Charts of the Day



Main Macro Events Today

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

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

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

Support and Resistance Levels



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 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 to register for FREE!



Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 3rd April 2019.

MACRO EVENTS & NEWS OF 3rd April 2019.




FX News Today

* Stock markets continued to recover during the Asian session, with concerns that the world economy is sliding into recession calmed by better data out of China and trade talk hopes.

* Sentiment was underpinned by a stronger than expected services PMI out of China. Further sign that economic growth is coming back.

* US as well as European equity futures are also moving higher.

* Brexit: UK PM May would sit down with Opposition leader Corbyn to try and break the deadlock. Meanwhile, new referendum in the UK on EU membership and a customs union now are both looking increasingly likely.

* A compromise needs to be found before the EU emergency summit on April 10 to secure another extension until May 22.

* GBP cleared $1.3100 after PM May talked up another deal, despite Commons failure.

* WTI crude surged over clear $62.87; Gold capped near $1,291 by USD index 1-month high.

Charts of the Day



Technician’s Corner

* GBPUSD jumped in London open, above latest peak at 1.3150. Next Resistance levels are set at 1.3178 and 1.3230. Support holds at 200-period SMA at 1.3120, for 12 consecutive hourly sessions.

* EURUSD holds Support at 1.1216, which was the initial resistance. With momentum indicators though looking to turn southwards a break of this level could shift the asset back to PP level at 1.1200.

* USDJPY probed 111.45 highs amid risk-on, by breaking 2-day peak and R1 for the day. Currently it is retesting the 111.56, which is a breath above the upper BB level and coincides with FE161.80 extension (from March rebound) and the latest up fractal. This could be a retracement level for the asset.

* AUDUSD hit 50-day SMA at 0.7117. this area could provide some resistance to the asset, as the asset lacks of positive momentum based on the daily indicators. Abreak however of the latter but more precisely of yesterday’s high at 0.7128, might push Aussie to the next barrier at 0.7160.

Main Macro Events Today

* Retail Sales and Services (EUR, GMT 08:00-09:00) – Eurozone March Services reading expected to be confirmed at 51.3, while Retails sales could spike to 2.3% y/y in February.

* ADP Non-Farm Employment Change (USD, GMT 12:15) – The ADP Employment survey is seen at 165k for March compared to the 183K in February.

* ISM Non-Manufacturing PMI (USD, GMT 14:00) – The ISM non-Manufacturing PMI in the US is expected to slip to 58.7 in March, compared to 59.7 in February, supporting the strong economic climate despite the small decrease in its value.

Support and Resistance Levels



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.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 4th April 2019.

MACRO EVENTS & NEWS OF 4th April 2019.



FX News Today

  • 10-year Treasury yields are down -1.1 bp at 2.513% and JGB yields fell back -0.5 bp to -0.060%, as the stock rally stalled during the Asian session and the USD consolidated overnight.
  • Big misses for ADP Jobs (50k) and ISM Non-Manufacturing PMI (19-month low) pressed a pause on Equity rally.
  • Parliament passed (by 1 vote) a bill to ask to extend Brexit Day beyond April 12, but it remains unclear whether there is time to get it through by May 22. A longer extension looks most likely while the odds of a full 2nd Referendum odds are also increased.
  • Asian markets are mostly trading narrowly mixed, with traders waiting for another catalyst such as tangible progress on the US-Sino trade talks before pushing equity markets out further following the recent rally.
  • Topix and Nikkei are down -0.11% and unchanged on the day respectively. The Hang Seng dropped -0.42%, while CSI 400 and Shanghai Comp are up 0.80%, with hopes of government stimulus after the government said it plans to cut some airline fees adding support. The ASX meanwhile lost -0.83%.
  • Oil futures are trading at USD 62.37 per barrel.
  • German Factory Orders just in and is a big miss it is (-4.2% vs expectations of +0.3%), putting the German Industry in recession territory.
Charts of the Day

Technician’s Corner
  • GBPUSD reacted positively after the UK Parliament asked the government to ask for another extension of the Brexit deadline. Resistance level remains at 1.3184, with a strong one at 1.32, while Support is bounded by the 200HMA at 1.3137.
  • EURUSD is trading close to but below its 200HMA at 1.1248, affected by the weaker than expected US data, with indicators not showing a clear direction.
  • USDJPY paused its rise after the worsening in US data releases, stabilizing around the 111.40 level. Both the MACD and the Stochastics indicators are suggesting a downturn. Support and Resistance remain at 110.73 and 111.68, although the former could change as the 200HMA could be binding.
  • XAUUSD continues trading below 1300, fluctuating around the 1290 mark. Next Resistance point is at 1294.50 with indicators suggesting a mild upwards movement.
Main Macro Events Today
  • ECB Monetary Policy Meeting Accounts (EUR, GMT 11:30) – The ECB Accounts, similar to the FOMC Minutes, provide an insight with regards to the policymakers’ thinking about the European economy’s potential.
  • Jobless Claims (USD, GMT 12:30) – Continuing Jobless Claims are expected to have decreased over the last week of March, while Initial Jobless Claims are forecast to have increased.
  • Canada PMI (CAD, GMT 14:00) – The Canadian PMI is expected to have risen to 51.1 in March, compared to 50.6 in February.
Support and Resistance

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

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

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.

Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
 
H

HFblogNews

Well-known member
Jan 31, 2019
137
Points
293
Date : 5th April 2019.

MACRO EVENTS & NEWS OF 5th April 2019.




FX News Today
  • 10-year Treasury yields are up 1.3 bp at 2.528%, JGB yields down -0.7 bp at -0.0585 amid subdued trade on Asian stock markets.
  • China was closed for a holiday and elsewhere markets traded mixed, with Topix and Nikkei managing gains of 0.23% and 0.28% respectively, while the ASX closed with a loss of 0.83%, although the latter was an exception, with most markets managing slight gains.
  • There were some optimistic comments on the progress of the US-Sino trade deal from China, with Trump tweeting that he expects a deal “within 4 weeks” but after the recent run higher in equities traders will want to see more than words before pushing valuations higher.
  • Markets will also be holding back ahead of key US payroll data today amid lingering concerns about the outlook for world growth. US futures are posting slight gains ahead of the key release, with the Dow Jones mini up 0.133%.
  • GBP picked up (back over 1.3100) on a Brexit “Flexi-Extension” offer from the EU which suggests an extension of up to 12 months, but Britain could leave at any time if they signed an agreement.
  • The front end WTI future meanwhile is trading at USD 62.16 per barrel.
Charts of the Day



Technician’s Corner
  • GBPUSD reacted positively to “Flexi-Brexit”, showing upwards potential with Resistance at the 200HMA at 1.3126, and a stronger one at 1.3184, while Support stands at 1.3067.
  • EURUSD moved up and down yesterday, with MAs showing an upwards movement with Resistance at its 200HMA at 1.1238, with both the MACD and Stochastics showing upwards signs.
  • USDJPY continued its rise, breaking through the 110.68 level and trading around that level as of this morning. Both the MACD and the Stochastics indicators are suggesting a downturn. Support and Resistance remain at 110.95 and 111.80.
  • XAUUSD has been trading in the 1285-1294 band, with indicators giving out mixed signals. Support and Resistance are marked as the channel bounds.
Main Macro Events Today
  • NonFarm Payrolls, Earnings, Unemployment (USD, GMT 12:30) – The most important piece of news this week, NFPs are expected to have grown by 180K, compared to 20K in the previous month, while earnings and unemployment are expected to have remained at the same levels.
  • Canada Labour Market Data (CAD, GMT 12:30) – Canadian Participation Rate is expected to have declined to 65.7% compared to 65.8% last month, while the net change in employment is expected to have been just 1K compared to 55.9K last month. Unemployment is not expected to have changed.
Support and Resistance


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

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


Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.​

Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
 

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