Hotforex - Market Analysis and News.

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HFblogNews

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#21
Date : 9th April 2019.

MACRO EVENTS & NEWS OF 9th April 2019.


Macro Events & News
By
Dr Nektarios Michail
-
April 9, 2019
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FX News Today
  • 10-year Treasury yields are down -0.4 bp at 2.519% and JGB rates up 0.2 bp at -0.052%, as Asian stock markets traded narrowly mixed, with threats of new tariffs on European goods from President Trump adding to the cautious tone in the markets.
  • Topix and Nikkei are down -0.26% and 0.06% respectively, the Hang Seng is up 0.22% and CSI 300 and Shanghai Comp up 0.11% and down -0.27% respectively, while the ASX closed down -0.01%, despite better than expected loans data.
  • US futures are also posting slight losses and overall it seems investors are in a holding position ahead of the earnings season and with no firm agreement on US-Sino trade talks yet.
  • Trump’s renewed threat of tariffs on European goods meanwhile acts as a reminder that geopolitical trade tensions are far from resolved.
  • Oil prices meanwhile continue to hold above USD 64 per barrel amid fighting in Libya.
Charts of the Day
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Technician’s Corner
  • EURUSD stabilized around the 1.125 level, unable to break past the 1.1276 level. Support stands at 1.1256, with indicators showing mixed signs.
  • GBPUSD broke through the 1.3067 level and is currently bound by the 200HMA at 1.3090, after positive news regarding a meeting between May, Merkel, and Macron. Support remains at 1.3067.
  • USDJPY continues its downwards move towards the 111.22 level capped by the 200HMA, as soft Resistance is at 111.50. Indicators are suggesting a pause of the movement.
  • XAUUSD is trading between the 1295-1300 marks, above its 200HMA and with indicators showing a slight downwards movement.
Main Macro Events Today
  • JOLTS Job Openings (USD, GMT 14:00) – Job vacancies are expected to have declined to 7.55M in February, compared to 7.58M in January.
Support and Resistance
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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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HFblogNews

New member
Jan 31, 2019
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#22

Date : 11th April 2019.

Macro Events & News
By
Dr Nektarios Michail
-
April 11, 2019
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FX News Today

    • Treasury yields stabilised after falling yesterday in the wake of softer core CPI readings, while the US 10-year rate is up 0.5 bp at 2.470%.
    • 10-year JGB yields fell back -0.2 bp to -0.068% in catch up trade and as stock market sentiment remains muted.
    • Indices traded mixed with Chinese markets underperforming.
    • Dovish leaning central banks revived growth concerns and geopolitical trade tensions also continue to hang over markets, with no tangible sign of a US-Sino trade deal.
    • The Brexit question was kicked down the line to October 31, but without a clear solution in sight.
    • Topix and Nikkei are down 0.4 bp and up 0.08% respectively, while Hang Seng and Shanghai Comp lost -0.88% and -1.31%. The CSI 300 blue chip index is down -1.99% and the ASX closed with a loss of -0.36%.
    • US futures are also marginally in the red, while the front end WTI future is trading at USD 64.25 per barrel.
Charts of the Day
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Technician’s Corner

    • EURUSD broke through the 1.1276 level in the last few hours, with soft Resistance at 1.1286 and strong resistance at 1.13. Stochastics and the MACD show mixed signals.
    • GBPUSD gained as news of the decision to delay Brexit was announced, even though whether it can persist above the 200HMA level of around 1.3086 is still unclear. Indicators show an easing of the trend.
    • USDJPY continues to trade below the 200HMA, now at 111.11 with both the Stochastics and the MACD showing support for an upwards trend.
    • XAUUSD broke 1304 after breaking the 1300 mark yesterday, currently trading between the 1309 and 1304 levels. Indicators again appear indecisive regarding the future trend of the pair.
Main Macro Events Today

    • US PPI ex Food & Energy (USD, GMT 11:30) – The US PPI is expected to have grown by 2.4% in March, compared to 2.5% last month, similar to the core CPI results yesterday.
    • Jobless Claims (USD, GMT 11:30) – Initial Jobless Claims are expected to have increased to 211K, compared to 202K in the last week of March, while Continuing Jobless Claims are forecast to reach 1.738M against 1.717M last week.
    • Fedspeak: Clarida, Williams, Bullard, and Bowman (USD, Various) – All 4 FOMC Members are due to speak on monetary policy issues, a topic which is likely to affect markets, depending on the context.
Support and Resistance
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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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HFblogNews

New member
Jan 31, 2019
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#23
Date : 12th April 2019.

Macro Events & News
By
Dr Nektarios Michail
-
April 12, 2019
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FX News Today
  • 10-year Treasury yields are unchanged at 2.497% and JGB yields up 0.6 bp at -0.059%, in catch up trade, after perky US PPI readings put pressure on bonds yesterday, even if they are not expected to alter the Fed’s patient policy setting for now.
  • Chinese bonds continue to underperform amid warnings on the still large number of non-performing loans that could threaten some banks and force the government to step in.
  • Stock markets traded mixed, again with China underperforming, as markets await key trade numbers. Topix and Nikkei are down -0.10% and up 0.67% respectively.
  • The Hang Seng lost -0.27% so far and CSI 300 and Shanghai Comp are down -0.49% and -0.26% respectively.
  • Reports of impending cost cuts at Australia’s largest bank meanwhile helped the ASX to close with a gain of 0.76%.
  • US futures are posting slight gains ahead of key earnings reports from JPMorgan Chase and Wells Fargo. The front end WTI future is trading at USD 63.83 per barrel.
Charts of the Day
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Technician’s Corner
  • EURUSD keeps trading above the 1.1276 level in the last few hours, after trading below that point through the night. A strong Resistance point remains at 1.13. Stochastics and the MACD show signals of a downwards move.
  • GBPUSD keeps trading around the 1.30 mark, crossing its 20HMA early today, but with indicators showing mixed signals.
  • USDJPY continues to increase and broke through the 111.68 level, and coming near the 111.80 Resistance. Stochastics and the MACD show an easing of the upwards movement.
  • XAUUSD had a bad day yesterday, breaking through four Support levels and ending below 1294. Since then, it has been registering a slow upwards trend, something more evident in the Stochastics than the MACD indicator.
Main Macro Events Today
  • China Imports and Exports (CNH, AUD, N/A) – Even though no exact time has been specified, China’s trade performance is expected to have a strong effect on its currency and the Aussie. Exports are expected to have increased, after a sharp decrease last month, while imports are still expected to have shown negative growth.
  • Industrial Production (EUR, GMT 09:00) – Industrial Production is expected to have decreased by 0.6%, compared to growth of 1.4% in January.
  • Michigan Consumer Sentiment Index (USD, 14:00) – US Sentiment is expected to decline to 98.0 in April, compared to 98.4 in March.
Support and Resistance
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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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HFblogNews

New member
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#24
Date : 15th April 2019.

MACRO EVENTS & NEWS OF 15th April 2019.

By
Andria Pichidi
-
April 15, 2019
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FX News Today
  • The broad rise in Asian long yields holds as local stock markets rallied in catch up trade after a strong close on Wall Street.
  • Trade talk hopes, signs of improving growth and low inflation, coupled with positive earnings reports continued to underpin stock market sentiment. Mnuchin suggested over the weekend that US-Sino talks are nearing the final round and that the final agreement would go “way beyond” previous efforts to open China’s markets to US companies.
  • US futures are narrowly mixed while European stock markets are underpinned.
  • Japanese markets are closing for 10 consecutive days from April 27 to May 6, inclusive.
  • After the strong first quarter earnings report from JPMorgan on Friday the focus is now turning to Goldman Sachs, Citigroup and Bank of America.
  • The front end WTI future is trading at $63.53 per barrel.
  • USD and JPY lower vs most currencies, risk appetite up on strong China import data.
  • GBP steady after EU Brexit extension; risk is it won’t resolve UK political gridlock.
Charts of the Day
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Technician’s Corner

  • EURUSD keeps trading close to 3-week highs of 1.1323. Stochastics, RSI and the MACD show signals of further improvement intraday. Next Resistance point holds at 1.1330.
  • GBPUSD pulled back under 1.3100 after leaving a high at 1.3120. It is supported from the confluence of 200-period EMA and PP level the past 7 consecutive hours, at 1.3084. Next Support is set at 1.3065.
  • USDJPY settled at around PP level at 111.90 . However after Friday’s high the positive sentiment is decreasing with intraday RSI and MACD turning lower as the overall outlook remains positive. The upside Resistance level is set at 112.19, while Support now comes in at 111.68.
Main Macro Events Today
  • FOMC Member Evans Speaks – Federal Reserve Bank of Chicago President Charles Evans is due to speak in a television appearance on CNBC’s Squawk Box.
  • BOC Business Outlook Survey – The BoC’s outlook survey is expected to show an economy still moving along at a decent pace, but facing a number of challenges. This is a key report for the upcoming BoC announcement and MPR, as the Bank makes frequent references to the findings of the survey. A survey consistent with modest but still respectable growth, well contained inflation expectations and an unwinding in capacity pressures would line-up with our expectation for no change in rates later this month and through year-end.
  • Empire State index – It is estimated to jump to 9.0 in April from a 2-year low of 3.7 in March.
Support and Resistance
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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

New member
Jan 31, 2019
29
0
1
Points
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#25

Date : 16th April 2019.

MACRO EVENTS & NEWS OF 16th April 2019.

Macro Events & News
By
Andria Pichidi
-
April 16, 2019
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FX News Today
  • A mixed picture on Asian bond markets as Stock markets were mostly higher, while Japanese indices fell back from early lows and Chinese indices rallied in the second part of the session.
  • A lacklustre Bank earnings report yesterday saw some investors turning cautious again and in Asia many will be waiting for Chinese GDP numbers tomorrow.
  • US futures are moving higher, with the Dow Jones future up 0.239%.
  • The front end WTI future is trading at USD 63.27 per barrel.
Charts of the Day
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Technician’s Corner
  • EURUSD settled to narrow orbit of 1.1300, consolidating with MACD, and RSI been flattened in the neutral zone confirming the lack of direction. Resistance is set at PP level at 1.1306 and Support is at the latest low 1.1292.
  • USDCAD edged higher at 1.3395, holding inside recent ranges, as crude oil slumped $0.50. As it is set for a 2nd trading day above 20-day MA with upper Bollinger bands extending to the upside, a retest of the next Resistance levels at 1.3405 and 1.3440 could be seen.
  • USDJPY found support again under the 112.00 mark, after topping at 112.03overnight. A move over the March 5 high of 112.13 could take the pairing to near 4-month highs. Support now comes in at 111.79.
Main Macro Events Today
  • Earnings and Unemployment Rate – Average Earnings are expected to have remained at 3.4% while the unemployment rate is expected to have increased to 4%.
  • German ZEW – The ZEW investor sentiment is expected to lift out of negative territory in the April reading and rise to 0.5 from -3.6 in March, which would be a continuation of the improvements in recent months and suggests that pessimists no longer outnumber optimists.
  • US Industrial Production – March industrial production is projected to rise 0.2%, after a flat February reading, and capacity utilization should edge up to 79.2% from 79.1%.
  • NZ CPI Inflation – New Zealand’s inflation rate is expected to have declined to 1.8% y/y compared to 1.9% y/y in the final quarter of 2018.
  • Trade Balance – The Japanese trade balance is expected to turn out positive in March, standing at 310 billion Yen, compared to 335 billion Yen in February.
Support and Resistance
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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

New member
Jan 31, 2019
29
0
1
Points
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#26
Date : 17th April 2019.

MACRO EVENTS & NEWS OF 17th April 2019.


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FX News Today
  • 10-year Treasury yields are up 0.7 bp at 2.598% and JGB yields climbed 1.8 bp to -0.015%, as stock market sentiment got a boost from Chinese data releases that beat expectations.
  • Chinese GDP growth came in at 6.4% y/y, in the first quarter, unchanged from Q4, while production surged 8.5% y/y and retail sales 8.7% y/y.
  • Data were taken as a sign that the government’s stimulus measures are starting to take effect. While it may be too early to call the all clear on the world economy, together with signs that US-Sino trade talks are making progress, the data will go some way to bolster confidence, especially after positive surprises on credit and housing data last week.
  • The data underpinned Asian stock markets, as Topix and Nikkei posted gains of 0.29% and 0.27% respectively. The Hang Seng is up 0.01% and CSI 400 and Shanghai Comp gained 0.11% and 0.34%.
  • Broader Asian indices are at the highest level since last July, even as the ASX underperformed and closed with a loss of -0.35%, dragged down by the materials sector.
  • US futures are also posting broad gains and the front end WTI future has moved up to now USD 64.50 per barrel.
Charts of the Day
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Technician’s Corner
  • EURUSD moved past 1.13 early today and has been moving towards the 1.1315 Resistance level. Key Resistance remains at 1.1320 while the Support at 1.1279 is still strong after being hit twice yesterday. Indicators support an upwards move.
  • GBPUSD has been moving downwards but is so far unable to break through the psychological 1.30 level, fluctuating around the 1.3067-1.3026 levels. Indicators are giving mixed signals.
  • USDJPY found support again under the 112.00 mark, and continued to trade there yesterday, with the Japanese data releases causing only some volatility. Indicators are showing mixed signals.
  • XAUUSD is trading at lows, after breaking through the 1285 Support level. Gold appears unable to break through the 1275 level, with the MACD and Stochastics showing upwards signals.
Main Macro Events Today
  • UK RPI and CPI inflation (GBP, GMT 08:30) – Both the RPI and the CPI are expected to have declined in March, reaching 2.1% and 1.6% respectively, down from 2.5% and 1.9% respectively.
  • EU CPI inflation (EUR, GMT 09:00) – Both the core and the overall CPI inflation rates are expected to have remained at the same levels, at 0.8% and 1.4% respectively.
  • Canada CPI Inflation (CAD, GMT 12:30) – The BoC Core price index is expected to have remained at 1.3% y/y, while the overall CPI index is forecast to rise to 1.9% y/y in March compared to 1.5% in February.
Support and Resistance
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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

New member
Jan 31, 2019
29
0
1
Points
56
#27
Date : 19th April 2019.

MACRO EVENTS & NEWS OF 19th April 2019.


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FX News Today

* Wall Street was higher overnight, with the Dow up 0.4% and outperforming on the back of strong retail sales data and better earnings from Travelers and American Express.

* Core European bourses were mixed, with the DAX up nearly 0.6%, the CAC 40 up 0.3%, and the FTSE slightly underwater.

* Japan released its March national CPI, which as expected remained well below the 2% BoJ’s target. The overall rose to 0.5% y/y from 0.2%, and the core is at 0.8% from the 0.7% y/y.

* The Japanese inflation supports once again the BoJ’s large-scale easy monetary policy.

* The US, Canada, the UK and several other European and Asian markets are closed for Good Friday, with Europe remaining shut for Easter Monday. Only Japan is open from the Asia trading centres.

Charts of the Day

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Technician’s Corner

* EURUSD is still trading below the 1.13 level, retracing nearly 23% of yesterday’s losses. The April low of 1.1184, then the March 7 bottom of 1.1177 will be in the cross hairs in the coming sessions if we face a move below 1.1220.

* GBPUSD has been stable at the upper 1.29 level, still unable to break through 1.30, fluctuating between the 1.3006 and 1.2960, which are Resistance and Support (PP) level respectively. Indicators are giving negative signals.

Main Macro Events Today

* Housing Data (USD, GMT 12:30) – Both Building Permits and Housing Starts are expected to have increased in March, by 1.299M and 1.230M respectively, up from 1.291M and 1.162M in February.

Support and Resistance Levels

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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

New member
Jan 31, 2019
29
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#28
Date : 22nd April 2019.

Events to Look Out for Next Week.


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The shortened week starts with just one piece of news on Monday and Tuesday from the US, while Wednesday will be in focus as the UK Parliament returns from its Easter recess. US Durable Goods are out on Thursday along with the BoJ rate decision.

Wednesday – 24 April 2019
  • CPI (AUD, GMT 01:30) – Australia’s inflation rate for Q1 is expected to have declined slightly to 1.7% y/y compared to 1.8% y/y in the final quarter of 2018.
  • IFO (EUR, GMT 08:00) – Business climate in the largest EU country is expected to have grown marginally to 99.9 compared to 99.6 last month.
  • Event of the week – BoC Interest Rate Decision (CAD, GMT 14:00) – At the BoC meeting, consensus expectations are that there should be no interest rate change. A sharper and more broadly based slowdown in the domestic economy, alongside a slowing in the global economy that has been more pronounced and widespread than anticipated saw the Bank state “the outlook continues to warrant a policy interest rate that is below its neutral range.”
Thursday – 25 April 2019
  • Event of the week – Interest Rate Decision (JPY, GMT 02:00) – Among the core central banks, BoJ is firmly poised to be “low for longest”. Hence, once again BoJ is expected to keep the interest rate as it is, given that it appears to have finally had an impact on the Japanese economy.
  • Durable Goods (USD, GMT 12:30) – March durable goods orders are expected to rise 0.2%, following a 1.6% February decline. Shipments expected to fall 1.5% in March, after a 0.2% reading in February.
  • Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have remained at 1.1% y/y in April. Industrial Production is expected to have improved, growing by 0.6% m/m in March, compared to -1.1% m/m in February, while Retail Sales are expected to have increased by 1.2% y/y, compared to 0.6% in March.
Friday – 26 April 2019
  • US Gross Domestic Product (USD, GMT 12:30) – The economy’s most important figure, Q1 GDP is expected to rise 2.6%, following a 2.2% pace in Q4 and 3.4% growth in Q3.
Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

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

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

New member
Jan 31, 2019
29
0
1
Points
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#29
Date : 23rd April 2019.

MACRO EVENTS & NEWS OF 23rd April 2019.


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FX News Today
  • Markets returning after a 4-day Easter break.
  • Investors remain cautious ahead of key earnings reports including Amazon, Facebook, Twitter and Microsoft this week.
  • Reluctance to push stock valuations out further kept bond markets underpinned during the Asian session.
  • Chinese bond and stock markets continued to struggle, on the decreased expectations of future Chinese monetary stimulus since the weekend.
  • Ongoing uncertainty about the outlook for world growth is underpinning caution on stock markets amid the deluge of earnings reports this week.
  • Energy stocks remained supported as oil prices surged to a 6-month high.
  • The front end WTI future is currently trading at USD 66.00 per barrel.
  • European stock futures are posting slight gains, in tandem with US futures.
Charts of the Day
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Technician’s Corner
  • EURUSD crossed below 20-day MA today, with the asset moving bearishly since Asia open. The underpinning of Euro could continue as the spread between the 10-year US and Germa government bond yields rising.
  • USDJPY has been stuck inside of 111.50 and 112.20 for more than a week now, struggling over the 112.00 level reportedly due to ongoing Japanese exporter backed selling, while finding support from what have mostly been risk-on conditions of late. Further USDJPY gains this week ahead of the BoJ meeting.
  • AUDUSD is in a 5-day decline. It crossed earlier into the lower Bollinger Bands area, indicating the increase of negative bias. Next Support levels at: 0.7107 and 0.7097.
Main Macro Events Today
  • New Home Sales –March new home sales are also expected to fall 7.0% to a 620k rate, following a 4.9% increase to 667k in February.
  • Canadian Wholesale Sales – February wholesale trade is expected to show a 0.5% expansion in shipment values after the 0.6% gain in January.
Support and Resistance
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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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