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« Reply #585 on: Thursday, November 09, 2017 - 09:39 »

Date : 9th November 2017.

MACRO EVENTS & NEWS OF 9th November 2017.




FX News Today

European Outlook: Asian stock markets mostly moved higher. Japan under-performed and markets retreated in the afternoon from 25 year highs. A stronger Yen technically driven trading knocked indices and the Nikkei closed down -0.20%. News that the U.S. three-carrier strike group was conducting exercises off the Korean peninsular seemed to rattle some nerves in markets, prompting buying of the safe haven Japanese currency while pushing stocks — particularly markets in Japan and South Korea — off highs. Elsewhere markets closed higher. U.S. and UK100 futures are down, GER30 futures are pretty steady as markets await a number of key earnings reports, including Siemens and Deutsche Post, which could lift the GER30 to new record highs. Released overnight. Released overnight, the U.K. RICS house price balance came in weaker than expected. Still to come the ECB publishes its latest economic bulletin and the European Commission its updated set of forecasts.

Last night, RBNZ held rates steady at 1.75%, matching widespread expectations for no change to the Official Cash Rate. Governor Spencer said policy will remain accommodative for a considerable period. Hence no change is anticipated for an extended period, with the next move a rate increase late in 2018. Today, German trade surplus widened in Q3. Germany posted a sa trade surplus of EUR 21.8 bln in September, slightly higher than the EUR 21.3 bln in August. This is nominal data, which is impacted by currency and oil price fluctuations, but the numbers point to a positive contribution from next exports to overall trade.

Main Macro Events Today

Canadian NHPI- The new housing price index is projected to gain 0.1% m/m in September, matching the 0.1% rise in August.

US Unemployment Claims – rebound 6k to 233k for the November 11 week.

SNB, ECB & German President Speeches – ECB’s Coeure, Vice president Constancio , Lautenschlager, German Buda President Weidmann and SNB Chairman Jordan, all have speeches to deliver today.

Charts of the Day



Support and Resistance Levels



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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.


Andria Pichidi
Market Analyst
HotForex


Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
HFblogNews
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Karma: 114
Posts: 673



« Reply #586 on: Friday, November 10, 2017 - 09:56 »

Date : 10th November 2017.

MACRO EVENTS & NEWS OF 10th November 2017.




FX News Today

European Outlook: China outperformed and stocks head for the best week in three months, after an announcement that limits on foreign ownership of Chinese banks and asset managers will be removed. and while Chinese investors also propped up Hong Kong markets, elsewhere in Asia equities mostly declined, with Japan leading the way, following on from declines on Wall Street in Europe yesterday. U.S. tax concerns have spooked markets and the GER30 closed with a loss of -1.49% on Thursday, amid disappointing earnings reports, a stronger EUR and concerns about the prospects for U.S. tax reforms and while the index still remains at high level of over 13000 some are speculating on a broader correction from record levels. UK100 futures as well as DJ mini futures are posting marginal gains, but the UK100 already outperformed yesterday amid a weaker pound. Today’s calendar focuses on production data out of the U.K., France and Italy and the U.K. also has trade data for September and the NIESR GDP estimate in the afternoon.

FX Action: USDJPY has recovered poise in Asia after tumbling yesterday on news that the implementation of the Senate plan to cut corporate tax in the U.S. will be delayed by two years and the extent of some other taxes will be trimmed. The news sparked a steep sell-off in U.S. and global equity markets, driving demand for the yen, among other perceived safe haven currencies and assets. A subsequent report that Republican Senator Cornyn is looking to avoid a one-year delay seemed to throw markets a lift line. USDJPY pair has recouped to around 113.40 after clocking a low at 113.09, which is the lowest level seen since October 31.

Main Macro Events Today

UK Manufacturing Production – Expectations – a fall to 0.3% m/m from 0.4% and a 2.4% y/y from 2.8%.

UK Good Trade Balance – Expectations – a deficit of -12.8B Pounds for September from – 14.25B.

US Prelim UoM Consumer Sentiment – Expectations –  unchanged at 100.7.

Charts of the Day



Support and Resistance Levels



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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.


Andria Pichidi
Market Analyst
HotForex


Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
HFblogNews
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Karma: 114
Posts: 673



« Reply #587 on: Monday, November 13, 2017 - 11:26 »

Date : 13th November 2017.

THE ECONOMIC WEEK AHEAD.




Main Macro Events This Week

Global bonds and stocks generally declined last week, in large part on political and fiscal worries. Equities slid in the U.S. and Europe, with Wall Street posting its first losing week since September. Despite improved global growth, wrangling in Washington and anxiety over the Trump agenda, especially with the duelling tax plans, concerns over a potential ballooning U.S. deficit, along with Brexit-related angst, not to mention the political intrigue in Saudi Arabia, and rising oil prices, all saw investors fleeing key asset markets. These factors will keep trading choppy and cautious.

United States: Politics and the debate on tax reform will remain front and centre this week, although there are several important data releases, as well as Fedspeak, and earnings announcements that will vie for attention. All eyes will be on Washington as the Republican controlled House and Senate try to reconcile their respective tax plans in time for a vote this year. There are several key economic releases this week that will help fine tune the outlook heading into year-end, with some of the disaster effects washing out. October CPI and retail sales (Wednesday) headline the calendar. Production and manufacturing data will also be of interest. Industrial production (Thursday) is expected to climb 0.7% in October, bouncing on disaster rebuilding, following the 0.3% September gain, with capacity utilization rising to 76.4% from 76.0%. The November Empire State manufacturing index (Wednesday) is seen falling to 24.0 after the 5.8 point jump to 30.2 previously. The November Philly Fed index (Thursday) should fall 3.9 points to 24.0 after rising 4.1 points to 27.9 in October. Also important this week will be housing starts for October, expected to increase to a 1.160 mln rate from 1.127 mln.

Canada: Canada’s bond markets are closed Monday for Remembrance Day. Stocks markets are open. The calendar features September manufacturing (Thursday) and October CPI (Friday). The Teranet/National Home Price Index for October and the October existing home sales report are both due on Wednesday. ADP debuts its Canada National Employment report on Thursday. ADP’s U.S. report is a market mover, and the Canada edition is sure to generate considerable interest given the lack of direct inputs available for the Statistic Canada’s monthly jobs report. Bank of Canada Senior Deputy Governor Wilkins speaks on Wednesday to the Money Marketeers of New York in New York, NY. Her speech is titled “Monetary Policy Under Uncertainty.” The Bank publishes the biannual Bank of Canada Review on Thursday.

Europe: Geopolitical risks weighed on markets last week and huge swings in peripheral long yields highlight that the ECB’s ongoing presence on secondary markets is leaving its mark and in times of weak supply is also likely to add to volatility. Rate hikes are not on the horizon until 2019, but the large number of ECB officials on the speaking circuit this week is likely to once again show that a growing divergence between the hawks and the doves at the ECB with the number of those urging a commitment to an exit to QE on the rise. Data releases include final inflation data for October, which are unlikely to hold major surprises. German HICP (Tuesday) expected to be confirmed at 1.5% y/y and the overall Eurozone HICP (Thursday) at just 1.4% y/y. Those will support arguments for the doves at the ECB. Still, growth indicators are robust and the first reading of German GDP growth for Q3 (Tuesday) is seen at 0.5% q/q, slightly slower than the 0.6% clip Q2. Also on the calendar are country GDP readings, including Italy and Portugal, among others, as well as Eurozone trade, BoP and production data.The most important indicator for the markets and the overall growth outlook will be the German ZEW readings for November (Tuesday). A slightly weaker than expected numbers would still suggest the German economy, in particular, is on course to steam ahead with above potential growth rates this year and next, making the ECB’s monetary policy position looking too expansionary for the Eurozone’s largest economy. These factors aren’t likely to impress the doves, however, who remain focused on still sluggish growth in Italy in particular.

UK: The calendar this week is highlighted by the release of October inflation data (Tuesday). The BoE is anticipating CPI to decline to 2.4% in 2018 after 3.0% this year, and to ebb further to 2.2% y/y in 2019. The central bank is expected to hike the repo rate two more times over this period, though latest BoE agents report highlighted that wage demands are picking up — a backdrop that, should it sustain, could potentially see policymakers turn more hawkish. Labour market data is also up this week (Wednesday), where the unemployment rate anticipated unchanged at the cycle low of 4.3% in September. Attention will be on average household income figures given the BoE’s agents report shining of light on a possible sea change in the bargaining position of workers amid a tightening labour market. October retail sales data will round out the UK’s agenda this week (Thursday).

China: In China, October industrial output (Tuesday) is seen at 6.0% y/y from 6.7% previously, while October retail sales are anticipated at a 10.4% y/y rate from 10.3%. October loan growth and new yuan loan data (tentatively Wednesday) should show the former at a 13.0% y/y clip from 13.1%, with the latter at CNY 900.0 bln from 1,270.0 bln.

Japan: In Japan, the preliminary look at Q3 GDP (Wednesday) is penciled in at 1.5% q/q from 2.5% in Q2. Revised September industrial production is also due (Wednesday). It fell 1.1% in the preliminary print, versus a 2.0% August gain.

Australia: The October employment report (Thursday) is expected to show a 20.0k increase employment after the 19.8k gain in September. The unemployment rate is seen at 5.5% in October, identical to the rate in September. The wage price index (Wednesday) is projected to expand at a 0.6% pace in Q3 (q/q, sa) after the 0.5% rise in Q2. The wage price index is seen growing at a 2.1% y/y pace in Q3 from the 1.9% y/y pace seen each quarter from Q3 of 2016 to Q2 of 2017. The 1.9% y/y growth pace is the slowest pace on record going back to the late 1990’s. Assistant Governor (Economic) Ellis speaks Wednesday.

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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.


Andria Pichidi
Market Analyst
HotForex


Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
HFblogNews
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Karma: 114
Posts: 673



« Reply #588 on: Tuesday, November 14, 2017 - 09:46 »

Date : 14th November 2017.

MACRO EVENTS & NEWS OF 14th November 2017.




FX News Today

European Outlook: Asian stock markets trended lower in sluggish trading, U.S. tax reform developments remain in focus and disappointing manufacturing data out of China did little to boost sentiment. The Nikkei closed little changed, after swinging between gains and losses, the Hang Seng also moved sideways, while CSI 300 and ASX slipped, the latter despite solid business confidence data, which boosted the Aussie dollar and lifted bond yields. After a quiet start to the week, the calendar is heating up today, with German Q3 GDP data and final October inflation numbers at the start of the session, followed by U.K. inflation data, Eurozone production and Q3 GDP. Central bankers are meeting in Frankfurt Fed’s Yellen, ECB’s Draghi, BoE’s Carney, BoJ’s Kuroda are all scheduled to speak this morning.

German HICP inflation was confirmed at 1.5% y/y, as expected, while German Q3 GDP much higher than expected at 0.8% q/q, up from 0.6% q/q and versus a median forecast of 0.6% q/q. A slight slowdown was expected in the quarterly growth rate as production dynamics seemed to have slowed down temporarily, but while there is no official breakdown, the statistics office reported that net exports were a major contributor to growth in the third quarter of the year, so external demand will have compensated for the somewhat more muted performance elsewhere over the summer. The annual rate jumped to 2.8% y/y. That the German economy continues to race ahead is evident in most data and orders suggest a renewed uptick in manufacturing in the last quarter of the year with growth rates exceeding potential going ahead.

Main Macro Events Today

UK PPI and CPI- Expectations – a fall to 0.3% m/m from 0.4% and a 2.4% y/y from 2.8%.

German ZEW – Expectations -a slight improvement in the report up to 20.0 after rising 0.6 points to 17.6 in October. The current situation index should rebound to 88.0 after falling 0.9 points to 87.0 previously.

EU GDP and Industrial Production – Expectations –  unchanged at 0.6% q/q and 2.5% y/y for Q3 and a decline for industrial production by 0.6% , down to 3.2% y/y for September.

Charts of the Day



Support and Resistance Levels



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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.


Andria Pichidi
Market Analyst
HotForex


Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
HFblogNews
Diamond Contributor
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Karma: 114
Posts: 673



« Reply #589 on: Wednesday, November 15, 2017 - 10:08 »

Date : 15th November 2017.

MACRO EVENTS & NEWS OF 15th November 2017.




FX News Today

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

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

Main Macro Events Today

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

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

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

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

Charts of the Day



Support and Resistance Levels



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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.


Andria Pichidi
Market Analyst
HotForex


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

HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
HFblogNews
Diamond Contributor
*

Karma: 114
Posts: 673



« Reply #590 on: Thursday, November 16, 2017 - 10:09 »

Date : 16th November 2017.

MACRO EVENTS & NEWS OF 16th November 2017.




FX News Today

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

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

Main Macro Events Today

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

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

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

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

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

Charts of the Day



Support and Resistance Levels



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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.


Andria Pichidi
Market Analyst
HotForex


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

HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
HFblogNews
Diamond Contributor
*

Karma: 114
Posts: 673



« Reply #591 on: Friday, November 17, 2017 - 09:45 »

Date : 17th November 2017.

MACRO EVENTS & NEWS OF 17th November 2017.




FX News Today

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

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

Main Macro Events Today

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

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

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

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

Charts of the Day



Support and Resistance Levels



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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.


Andria Pichidi
Market Analyst
HotForex


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

HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
HFblogNews
Diamond Contributor
*

Karma: 114
Posts: 673



« Reply #592 on: Monday, November 20, 2017 - 10:20 »

Date : 20th November 2017.

MACRO EVENTS & NEWS OF 20th November 2017.




FX News Today

After a couple of panicky moments in global equities over the past week, the markets will keep a wary eye on political developments. In Washington, the House passed its version of tax reform, but the process of reconciling that with a Senate bill could put a damper on the holidays. Political risks loom large in Europe too. Brexit remains a major uncertainty; Merkel has yet to form a government in Germany, while ousted Catalan leaders still have a chance in the December snap election. Trading should quiet this week, however, with the U.S. and Japan on holiday Thursday for Thanksgiving. There’s little on the economic calendars as well.

United States: The economic calendar will be heavily front-loaded, especially on Wednesday ahead of the long Thanksgiving weekend.  That will make for a frantic action packed early week of data. Leading indicators are expected to rebound 0.4% (Monday) in October from their 0.2% decline in September. The Chicago Fed National Activity Index is on tap for October (Tuesday), along with October existing home sales seen rising 0.7% to a 5.43 mln unit pace from 5.39 mln previously — in line with gains in other housing indicators in the month such as the NAHB index. The MBA mortgage market index returns (Wednesday), accompanied by October durable goods orders forecast to rise 0.5% vs 2.0% in September thanks to the hurricane rebound, or 0.4% ex-transportation. Initial jobless claims should resume their decline by 15k to 234k for the week ended November 18 (Wednesday), while final Michigan sentiment may be nudged to 98.0 in November from a preliminary 97.8, down from 100.7 in October. Rounding out the week are Markit PMIs (Friday).

Canada: In Canada the data and event docket is fairly thin this week. September wholesale shipments (Tuesday) are expected to rise 0.7% m/m after the 0.5% gain in August. Retails sales (Thursday) are projected to rebound 1.0% m/m in September after the 0.3% decline in August. The ex-autos sales aggregate is seen rising 0.8% m/m on the heels of the 0.7% tumble in August. The wholesale and retail reports comprise the final two reports that directly inform the forecast for September GDP. As-expected reports would be consistent with the projection for a 0.1% m/m bounce-back in September GDP following the 0.1% drop in August and flat reading in July. For the quarter, GDP is tracking around 1.8% (q/q, saar), which would match the BoC’s Q3 estimate from the October MPR. Hence, the data this week should be supportive of current expectations for a very cautious approach from the BoC to removing accommodation.

Europe: The data calendar includes the second reading of German Q3 GDP (Wednesday), widely expected to be confirmed at 0.8% q/q. And the breakdown, which will be released for the first time, will likely show ongoing robust domestic demand, but also a contribution from net exports to overall growth amid a strengthening world economy. Looking ahead, preliminary November PMI readings (Thursday) as well as the German Ifo (Friday) could ease slightly, but are expected to remain at high levels, consistent with ongoing robust growth in Q4 and going into 2018. The economic calendar also has Eurozone consumer confidence, French national confidence data and Italian orders among others. Events include a German 30-year auction, the ECB’s account of the last policy meeting and a wealth of ECB speakers including Draghi, Coeure and Constancio. Draghi and Constancio in particular are likely to continue to defend the ECB’s line that despite stronger growth the economy and inflation in particular still need ongoing monetary support, while others including Bundesbank President Weidmann would have preferred a clearer commitment to an end date for QE.

UK: Time is ticking on the next deadline — the December EU leaders’ summit — for the UK and EU to agree on Brexit divorce terms. There remains little sign that an accord will be reached, however, and many signs of deadlock — not just on the final financial settlement but also the Northern Ireland border issue, which is starting to look like a major sticking point, with Ireland threatening to block the Brexit process entirely. The calendar this week brings monthly government borrowing data (Tuesday), the November CBI industrial trend survey (also Tuesday), the Chancellor’s mid fiscal year budget (Wednesday), the second estimate for Q3 GDP (Wednesday), and, finally, the November CBI distributive sales survey (Thursday). The CBI surveys, being relatively narrow in terms of respondents, will largely be overlooked by markets, while the Chancellor’s room for fiscal manoeuvre is limited. GDP data is expected to confirm the preliminarily estimated 0.4% q/q and 1.5% y/y growth rates.

Japan:In Japan, the September all-industry index (Tuesday) is penciled in at -0.5% from up 0.1% in August.

Australia: In Australia, it is a busy week for the Reserve Bank of Australia. The Bank’s Head of Financial Stability Kearns speaks at the Aus-China Property Developers Investors and Financiers event (Monday). Head of Domestic Markets, Marion Kohler, delivers a speech (Monday) to the Australian Securitisation Forum 2017. The RBA’s Assistant Governor (Financial System) Michele Bullock is a panel participant at the Women in Payments Symposium. The calendar is empty of top tier data, with Q3 construction work done (Wednesday) the lone highlight.

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

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

Click HERE to access the full HotForex Economic calendar.

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Click HERE to READ more Market news.


Andria Pichidi
Market Analyst
HotForex


Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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« Reply #593 on: Yesterday at 10:08 »

Date : 21st November 2017.

MACRO EVENTS & NEWS OF 21st November 2017.




FX News Today

European Outlook:  Asian stock markets rebounded from the weak session on Monday. Chinese shares in Hong Kong rallied on financial companies following, while the ASX 200 underperformed despite a weaker currency after dovish RBA minutes. U.K and U.S. stock futures are mostly slightly down, despite the positive leads out of Asia and reports that PM May is willing to double the “divorce” settlement to the EU to EUR 40 bln ahead of the December EU summit that could clear the way for early trade and transition talks. BoE’s Ramsden said last night that Brexit prospects are reinforcing the trend of declining productivity in the economy. In Germany there are more signs that another round of elections is underway, after Merkel said yesterday that whe prefers new elections to leading a minority government as both FDP and SPD still refuse to enter a coalition with the Chancellor. Germany’s political turmoil failed to dent confidence in the GER30 yesterday, but still has the potential to shake markets going ahead. Today’s calendar has public finance data out of the U.K.

Market Summary: Trading was rather quiet to start the week, with little on the global agenda, and nothing on the US domestic calendar, to provide a spark. Markets were quick to shrug off the failure of German Chancellor Merkel establish a coalition government, while ECB’s Draghi continued to urge policy patience. Political uncertainty in Germany after news that Chancellor Merkel has been unable to form a minority government caused an early stir, weighing on equities and giving bonds a little bid. But, that was quickly shaken off after President Steinmeier stepped in to try and get parties back to the negotiating table. Beliefs the German economy was also strong enough to withstand any turbulence saw the GER30 rebound and Bund yields rise. Meanwhile, U.S. leading indicates leapt 1.2% in October, though reaction was typically minimal given the rebound from the hurricanes. Yellen also confirmed she plans to leave the Fed board as part of the expected handover to Powell. Canadian markets were generally hostage to these events, along with uncertainties over the U.S. political situation, and especially tax policies.

Main Macro Events Today

RBA –  RBA Gov Lowe speaks at the Australian Business Economists Annual Dinner, in Sydney.

UK Inflation & Public Net Borrowing –  Expectations – Monthly government borrowing data expected at 6.6B Pounds.  BOE Governor and MPC members testify on inflation and the economic outlook prior Parliament’s Treasury Committee.

Canadian Wholesale Sales – Expectations – a rise at 0.6% from 0.5% seen last month.

US Existing Home Sales – Expectations – seen rising 0.7% to a 5.43 mln unit pace from 5.39 mln previously.

Charts of the Day



Support and Resistance Levels



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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.


Andria Pichidi
Market Analyst
HotForex


Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
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