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This is a discussion on Hotforex.com - Market Analysis and News. within the Analytics and News forums, part of the Trading Forum category; Date : 9th January 2017. MACRO EVENTS & NEWS OF 9th January 2017. FX News Today European Fixed Income Outlook: ...

          
   
  1. #151
    Senior Member HFblogNews's Avatar
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    Date : 9th January 2017.

    MACRO EVENTS & NEWS OF 9th January 2017.




    FX News Today

    European Fixed Income Outlook: Asian stock markets moved broadly higher overnight. The Hang Seng headed for an 11th straight gain, led by property developers and energy producers and moving closer to the record levels, Japanese indices were underpinned by electronics makers and chemicals, despite a stronger Yen, with the Nikkei closing up 0.57%. FTSE 100 futures are also up, but U.S. stock futures are narrowly mixed, as Treasury yields rise in tandem with most long yields in Asia. Only China’s 20-year declined again, while Japan’s 10-year gained 1.1 bp and the 10-year Treasury 0.6 bp. European yields headed broadly south yesterday, despite gains on stock markets, but global movements suggest a corrections in bonds. The data calendar today has German trade and production numbers at the start of the session, as well as French trade and Eurozone jobless numbers.

    German Nov industrial production jumped 3.4% m/m in November, a much stronger than expected rebound after two months of decline that left the annual rate at 5.6% y/y, up from 2.8% y/y in October and highlighting the strength of the manufacturing sectors in particular. Manufacturing orders may have disappointed in November, but the underlying trend remains strong, while surveys point to ongoing optimism about the outlook that is underpinning job creation and will likely feed into wage deals. German trade surplus widens as exports jump.Germany posted a sa trade surplus of EUR 22.4 bln in November, up from 19.9 bln in the previous month, as exports rose 4.1% m/m, outpacing the 2.3% m/m rise in imports. The three months trend improved further indicating that net exports underpinned overall growth in the last quarter of 2017, although accumulated data for the first 11 months of 2017 show that surpluses in both current account and trade actually declined slightly compared to the corresponding period 2016, highlighting that for once this was not an export led German recovery, but rather than improving global growth is also benefiting German exports, while the strong EUR is helping to keep the import bill down.

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

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    Andria Pichidi
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    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.

  2. #152
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    Date : 10th January 2017.

    MACRO EVENTS & NEWS OF 10th January 2017.




    FX News Today

    European Fixed Income Outlook: The global stock rally started to fade in Asia with a stronger Yen and higher global yields weighing. The BoJ’s implicit tapering and the ECB’s reduced monthly purchase targets acted as a reminder that central bank support is slowly being phased out and Japanese indices headed south. The ASX 200 was also down, but Hang Seng and CSI 300 were underpinned, by data and as China’s central bank weakened its daily fixing on the yuan by the most since September. Yields continued to rise and the Japanese 10-year is up 1.9 bp and the 10-year Treasury yield up 1.7 bp, but South Korea is leading the way as safe haven flows are being reversed slowly. FTSE 100 futures as well as U.S. futures are heading south and against that background European stock markets are likely to retreat, and bonds are likely to remain under pressure ahead of supply from Italy and Germany today. The calendar has industrial production data out of France and the U.K. as well as U.K. trade numbers.

    FX Update: The dollar has traded steady-to-firmer, overall. EURUSD has remained heavy, meeting good selling interest above 1.1950, though so far remaining above yesterday’s 12-day low at 1.1915. Cable and AUDUSD have been seeing similar price actions, aided by the spike in U.S. Treasury yields over the last day, while the dialogue between North and South Korea has seen a rotation out of haven assets and currencies. USDJPY has declined for a second consecutive day, logging an eight-day low of 112.16. The move has been driven by broader yen gains, with EURJPY and AUDJPY, among other yen crosses, also down. Market participants have been continuing to digest the BoJ’s QE tapering announcement of yesterday, despite some market narratives downplaying the taping move has being little more than a baby step, with the central bank likely to remain committed to its YCC (yield curve control) policy in the face of the chronic undershooting of the inflation target.

    Main Macro Events Today

    UK Manufacturing Production – expected to rise to 0.3%m/m from 0.1%m/m and to fall to 2.8%y/y from 3.9%y/y. Industrial production expected to rise 0.5% m/m and 1.9% y/y.

    UK Goods Trade Balance

    Canadian Building Permits – Building permit values are expected to rise 1.0% m/m in November after the 3.5% gain in October.

    Crude Oil Inventories & US Imports – MBA mortgage market data is due, along with import prices seen +0.2% in December and export prices flat (median 0.3%). EIA energy inventory data are on deck as well.

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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.

    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.

  3. #153
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    Date : 11th January 2017.

    MACRO EVENTS & NEWS OF 11th January 2017.




    FX News Today

    European Fixed Income Outlook: Asian stock markets are mostly slightly lower, yields are coming down after the sharp move higher in recent days and 10-year JGBs shed -1.1 bp while Treasury yields are down 2.0 bp at 2.537%. Global equity indices have reached levels that raised concerns of overheating, while a number of bond auctions added to the uptick in yields yesterday. But while Germany under-subscribed 10-year auction yesterday spooked investors, strong demand in the USD 20 bln 10-year Treasury auction helped to calm nerves and saw yields heading sound again. Losses on Asian stock markets meanwhile were modes. The Nikkei closed down -0.33%, U.S. futures are narrowly mixed and UK100 futures are moving higher and with the EUR holding below 1.20 against the Dollar, the GER30 may be able to recover somewhat after under-performing yesterday, as full year 2017 GDP estimates are likely to show very strong growth, while Bund futures are likely to open higher.

    FX Update: The dollar is firmer after China rebutted yesterday’s Bloomberg story alleging that it was pondering a reduction on U.S. Treasury purchases. USD-JPY broke a run of three consecutive declines, which printed a seven-week low at 111.27 yesterday, in recouping to the upper 111.0s. China’s State Administration of Foreign Exchange said that the Bloomberg report was based on “false” information. The remark saw the yield on the 10-year T-note tick lower while giving the dollar a lift. The narrow trade-weighted USD index recovered to within a few pips of 92.47 after seeing a low of 91.92 yesterday. EUR-USD has ebbed back under 1.1950 after yesterday foraying above 1.2000 in the wake of the Bloomberg story. Market participants will now return focus on incoming fundamental leads while continuing to digest this week’s BoJ tapering of its QE program.

    Main Macro Events Today

    BOE Credit Conditions Survey

    ECB Monetary Policy Meeting Accounts

    Canadian NHPI – November new home price index expected at 0.2%m/m from 0.1% m/m.

    US PPI & Unemployment claims – Headline PPI may dip 0.2% in December vs 0.4%, while core is expected at 0.2% vs 0.3%. Initial jobless claims are projected to drop 5k to 245k for the January 5 week.

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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.

    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.

  4. #154
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    Date : 12th January 2017.

    MACRO EVENTS & NEWS OF 12th January 2017.




    FX News Today

    European Fixed Income Outlook: Asian stock markets moved mostly higher, with Hang Seng and CSI 300 outperforming again, while the Nikkei underperformed and declined -0.24% as the Yen moved higher against the dollar. Oil giants led the way in Hong Kong. 10-year JGB and Treasury yields climbed and recent volatility in bond markets seemed to subside somewhat, although the BoJ and ECB reminding markets this week that central bank support is slowly on the way out, yields are likely to continue to trend higher. UK100 futures are rising in tandem with U.S. futures. The calendar only has second tier data in the form of inflation numbers out of Spain, France and Sweden.

    FX Update: The dollar has remained on a softening tack, with the narrow trade-weighted USD index (DXY) extending yesterday’s declines from levels around 92.50 to a 91.75 low today,, which matches the four-month low that was posted on January 2. The greenback has logged fresh lows versus the euro, sterling and Australian dollar, among other currencies, in the early part of the Asia-Pacific session after Fed’s Dudley saying that the case for gradualist approach to tightening monetary policy remains strong, arguing that the pace of rate hikes could be accelerated if need be. EURUSD clocked a five-day peak at 1.2066, with subsequent dips remaining shallow. AUDUSD traded above 0.7900 for the first time since late September, logging a peak of 0.7904. The hawkish-leaning ECB minutes, yesterday, and the BoJ’s QE tapering announcement earlier in the week, have been factors generating a softer dollar theme this week, via EURUSD buying and USDJPY selling, respectively.

    Main Macro Events Today

    US CPI & Core CPI – Headline CPI is forecast to increase 0.2% in December vs 0.4% , while core is set to rise 0.2% vs 0.1% — leaving core y/y at 1.7%.

    US Retail Sales – December retail sales forecast to rise 0.4% vs 0.8%, while increasing 0.4% ex-auto. Lastly is business inventories that should rise 0.3% in November vs -0.1%.

    German Buba President Weidmann Speech

    Federal Reserve Bank of Boston President Rosengren Speech

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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.

    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.

  5. #155
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    Date : 15th January 2017.

    MACRO EVENTS & NEWS OF 15th January 2017.




    Main Macro Events This Week

    Wall Street soared to record highs again last Friday and outperformed most global indices. The bullish impacts of U.S. tax reform and deregulation have manifested in signs of stronger growth and have led to expectations for improved earnings. The momentum has helped boost European and Asian shares as well.

    United States: U.S. markets are closed Monday for the Martin Luther King holiday. The hefty rally on Wall Street has helped lead global markets higher so far in 2018. While there’s plenty of unease to go around at these lofty levels, the underlying optimism suggested by earnings expectations, the bullish momentum, and the forecasts for sustained economic growth ahead suggest the rally can be extended. Earnings should be the guiding force in the markets this week, with some impact from economic data. The spending bill will be monitored ahead of a partial government shutdown on Friday as the spending bill runs out. Deal making could get contentious, particularly after President Trump remains at odds with the Democrats on “Wall” funding, while the kerfuffle over the President’s language last week add to the divisive environment.

    This week, Manufacturing and production data headline the economic calendar. The January Empire State manufacturing index (Tuesday) should rise 1 point to 19 after falling 1.4 points to 18.0 in December. Industrial production for December (Wednesday) is expected to rise 0.4% after the 0.2% November gain, to bring capacity utilization up to 77.2% from 77.1%. The Philly Fed index (Thursday) should fall to 25.0 in January from the upwardly revised 27.9 in December. The NAHB homebuilder sentiment index is due Wednesday. Housing starts (Thursday) should fall to a 1.275 mln pace in December after November’s 3.3% surge to 1.297 mln. Preliminary January consumer sentiment (Friday) is expected to rise to 97.0 after the index slid 0.8 points to 95.9 in December, supported by the bull run in equities and the passage of the tax bill.

    Canada: The BoC is in the spotlight this week, with Wednesday’s announcement expected to reveal a 25 basis point (bp) rate hike to 1.25%. The Monetary Policy Report, also due Wednesday, should reveal a still cautiously upbeat growth outlook that is consistent with a gradual normalization path. The data slate is thin, leaving the focus firmly on the Bank of Canada: December existing home sales are expected Monday, while November manufacturing is due Friday. The manufacturing shipment values expected to rise 1.0% m/m after the 0.4% dip in October.

    Europe: After Draghi failed to deliver the expected tweak in the forward guidance in December, the minutes from the meeting reminded investors that “postponed” is not “canceled” and that the ECB is still on the way to phase out net asset purchases after the end of the current program in September. However, gradualism remains the order of the day and this week’s data releases could help the markets settle down further, with final HICP readings for the Eurozone coming with a slight risk to the downside after downward revisions to Spanish and French readings. ECB speakers include Weidmann and Nowotny and are likely to come in on the hawkish side, however, so a balanced picture. Meanwhile political risks seem to be receding somewhat with Germany finally heading for a functioning government after Merkel reached a preliminary agreement with the Social Democrats in the exploratory talks for a rerun of the grand coalition, although the SPD’s party conference still has to clear the talks.

    The European calendar focuses on the remaining final inflation numbers for December. We are looking for German HICP (Tuesday) to be confirmed at 1.6% y/y and the Italian HICP (Tuesday) at 1.0%, which should leave the overall Eurozone CPI reading at 1.4% y/y unchanged from the preliminary number and down from November. European calendar has also has November PPI data for November, seen falling back to 2.3% y/y, from 2.5% y/y. The Eurozone schedule includes November trade as well as current account data and supply also continues to flood in with Spain and France auctioning bonds on Thursday and Germany selling 30 year Bunds on Wednesday.

    UK: The week ahead brings some key data releases, highlighted by December inflation and retail sales data. Brexit-related developments of significance have been in short supply so far in the new year, but are likely to pick up. Talks between the UK and EU on a transition deal are due to start presently, although negotiations on a future trading relationship with the EU are not due to begin until March. As for this week’s data calendar, UK CPI for December (Tuesday) expected to have a moderation to 3.0% y/y after November’s 3.1% y/y clip, an outcome which would square with BoE projections. December retail sales are also due (Friday), where a decline is expected of 0.8% m/m, which would correct some of the 1.1% m/m gain that was seen in November. Overall, data in-line with expectations shouldn’t cast much bearing on sterling markets.

    Japanecember PPI (Tuesday) is penciled in at a 3.1% y/y pace, slightly slower than the 3.5% previously. The November tertiary index (Tuesday) is forecast rising 0.5% from the prior 0.3% bounce after slipping slightly in August (-0.1%) and September (-0.2%). November core machine orders (Wednesday) should fall 2.0% m/m from the 5.0% increase in October. The index has bounced around on a monthly basis but posted a 3.9% 3-month change in October, and is up 2.3% y/y. However, there’s risk of a deeper slide in November given the firmer yen. Revised November industrial production is due Thursday. Production posted a 0.6% gain initially, for a second straight monthly gain (0.5% in October).

    China: December industrial production (Thursday) is forecast to rise 6.1% y/y, unchanged from November. December retail sales are anticipated to have risen 10.3% y/y from 10.2%, while December fixed investment is seen up 7.0% y/y from 7.2%.

    Australia: Housing investment (Wednesday) is seen rising 1.0% in November after the 0.6% dip in October. Employment (Friday) is expected to expand 25.0k in December after the 61.6k bounce in November. The unemployment rate is projected to hold steady at 5.4%. Meanwhile, the Reserve Bank of Australia’s has another clean slate this week. Indeed, the Bank’s event schedule is empty until the policy meeting on February 6, where no change to the current 1.50% setting for the cash rate,is 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.

    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.

  6. #156
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    Date : 16th January 2017.

    MACRO EVENTS & NEWS OF 16th January 2017.




    FX News Today

    European Fixed Income Outlook:Stock markets moved higher in Asia overnight after shrugging off early losses, U.S. futures are also moving higher, but European markets are likely to continue to struggle with the weak USD. The EUR in particular has been pushed higher as markets run away with rate hike fears after last week’s ECB minutes, ignoring the hint that any change in the forward guidance will focus on net asset purchases, rather than the sequencing of exit steps, i.e. interest rates, which are still not expected to end until well after net asset purchases have been halted. Yields moved higher in Europe yesterday and stock markets struggled. Today’s focus will be on final inflation readings out of the Eurozone, but primarily key U.K. inflation data and a dip in the headline CPI rate is expected to 3.0% from 3.1% y/y in the previous month.

    FX Update: USDJPY has lifted to the upper 110.0s after opening in Tokyo just under 110.50. There were some remarks of disquiet about yen strength from both finance minister, Aso, and the economy minister, Motegi, which followed a six consecutive session run lower in USDJPY that yesterday left a four-month low at 110.33. Japanese December PPI also came in a smidgeon shy of expectations, at 3.1% y/y, while another USDJPY supporting influence is a large USDJPY option structure with a 111.20 strike which is due to expire at the New York cut today. USDJPY posted an intra-day peak at 110.98. Resistance at 111.05-7, and support is at 110.29-30.


    Main Macro Events Today

    UK PPI- December PPI is penciled in at a 0.5% y/y, slower than the 1.8% previously.

    UK CPI- A moderation is expected to 3.0% y/y after November’s 3.1% y/y clip, an outcome which would square with BoE projections.

    US Empire State Manufacturing Index – The January Empire State manufacturing index should rise 1 point to 19 after falling 1.4 points to 18.0 in December.

    SNB Chairman Jordan Speech.


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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.

    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.

  7. #157
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    Date : 17th January 2017.

    MACRO EVENTS & NEWS OF 17th January 2017.




    FX News Today

    European Fixed Income Outlook: Stock markets declined in Asia overnight in the wake of a correction on Wall Street Tuesday after the dollar recovered. The Nikkei closed down -0.35% the Hand Seng is down -0.16%. FTSE 100 futures are also in the red, but U.S. futures are slightly higher. 10-year yields picked up in the U.S. and Japan. Stock indices remain at high levels but recent advances have triggered warnings of overheating as focus turns to the earnings season and central banks. Today’s calendar has the final reading of Eurozone HICP inflation, which is expected to confirm the headline rate at 1.4% y/y and core at 0.9% y/y, adding to the arguments of the doves at the ECB who are still reluctant to confirm to a final end date for QE just yet.

    FX Update: EURUSD bottomed at 1.2196 early in the N.Y. session yesterday, before making its way to 1.2248 highs into the London close. The euro dropped sharply on political concerns in Germany, with some SPD factions reportedly uncertain, or in outright rejection, of proposals to form a grand coalition. This rattled EURUSD and euro crosses, which had been aggressively bid up in recent sessions. Potential for further fallout in Germany may keep euro bulls sidelined for the time being. Meanwhile, ECB speeches also put some pressure on the Euro. ECB hawk Weidmann suggests rate hike won’t come before 2019. The Bundesbank President once again stressed his preference to end net asset purchases this year, but at the same time repeated his effort to play down the risk of a rate hike already this year, which flared up after the release of the minutes. ECB Vice President Constancio eyes sudden movements in EUR. At the same time he, in line with other council members, tried to play down the implications of the minutes from the last meeting saying that even if the council sees the need for a gradual adjustment in the forward guidance “if the economy continues to grow and inflation continues to move” towards target, “this does not mean that changes will be immediate”. Constancio stressed that the ECB is not changing the path of its monetary policy, and that monetary policy will remain very accommodative for a long time.

    Main Macro Events Today

    Eurozone CPI – is forecast to remain unchanged at 1.4%y/y, while core is set to fall 0.9%y/y vs 1.1%y/y .

    US Industrial Production – expected to rise 0.4% after the 0.2% November gain, to bring capacity utilization up to 77.2% from 77.1%

    BoC Monetary Policy Report – A 25 bp hike to 1.25% is expected today. The Monetary Policy Report, should reveal a still cautiously upbeat growth outlook that is consistent with a gradual normalization path. Labour market slack and uncertainty kept the Bank of Canada (BoC) from implementing further rate hikes in October and December of last year. But recent economic reports suggest labour market slack has seen significant unwinding. Of course, uncertainties remain elevated, notably on the outlook for NAFTA.

    FOMC Member Kaplan and Mester Speech

    Charts of the Day



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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.

    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.

  8. #158
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    Date : 18th January 2017.

    MACRO EVENTS & NEWS OF 18th January 2017.




    FX News Today

    European Fixed Income Outlook: Asian stock markets traded mixed overnight, with Nikkei and ASX 200 closing in the red, while Chinese shares rallied ahead of key data releases including GDP numbers. FTSE 100 and U.S. stock futures are narrowly mixed, while 10-year JGB and Treasury yields slightly lower on the day, South Korea bonds rallied after the BoK held rates steady and warned of overheating in cryptocurrency markets. EGB yields moved marginally higher on Thursday, with Bunds outperforming after ECB officials tried to calm tightening concerns and keep a lid on the euro. Still, that the ECB is on the way to phase out net asset purchases this year is pretty clear, with the only question whether there will be an abrupt end in October, as the hawks are suggesting, or a gradual taper in Q4. Released overnight, U.K. RICS house price data came in stronger than expected. There are no other key data releases scheduled leaving the focus on the Bundesbank/IMF conference with speakers including Weidmann and Coeure, as well as French and Spanish bond auctions.

    FX Update: The dollar edged out fresh recovery highs versus the euro and other currencies. EURUSD logged a four-session low of 1.2165 before recouping to around 1.2200. The move reflected a dollar dynamic, with EURJPY and other euro crosses having held relatively steady today, even though the airing of concerns about the common currency’s ascent by some ECB officials, along with concerns on the German political front, helped catalysed the correction from 37-month highs in EURUSD. USDJPY lifted to a four-session high of 111.48 in Tokyo today, extending the recovery from Wednesday’s four-month low at 110.19. The recovery broke a run of seven consecutive down . Good selling interest into 111.50 capped the advance, however. Equity markets also turned mixed-to-lower in Asia, despite Wall Street ascending to fresh highs, having been lifted by earnings and Apple’s announcement on a large cash repatriation. Elsewhere, USD-CAD has settled at near net unchanged levels relative to levels that were prevailing just ahead of yesterday’s BoC rate hike (which met expectations while be accompanied with cautious guidance). Sterling is the strongest currency on the day, posting a near 0.5% average gain versus the dollar, euro and yen in post-London close trading. Remarks from BoE MPC member Sauders warning that pay growth will accelerate in the UK during 2018 and that unemployment may drop to multi-decade lows under 4.0%, gave Hey Majesty’s currency a boost, reportedly encouraging interbank and near-term speculative accounts to run at sell stops in EUR-GBP.

    Main Macro Events Today

    US Housing Starts & Building Permits – Housing starts should fall to a 1.275 mln pace in December after November’s 3.3% surge to 1.297 mln, while Building permits expected at 1.290M from 1.298M seen on November.

    US Jobless Claims – Unemployment claims is seen slightly lower at 250K than 261K last week.

    US Crude Oil Inventories

    Philadelphia Fed Manufacturing Survey – The Philly Fed index should fall to 25.0 in January from the upwardly revised 27.9 in December. The reading was at 24.1 a year ago, and was as high as 36.4 in 2011.

    ECB Cœuré Speech

    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.

  9. #159
    Senior Member HFblogNews's Avatar
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    May 2017
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    Date : 19th January 2017.

    MACRO EVENTS & NEWS OF 19th January 2017.




    FX News Today

    European Fixed Income Outlook: Asian stock markets moved mostly higher led by industrial and tech stocks and the Treasury yields climbed as investors nervously eye the risk of a U.S. government shutdown, as the federal spending authority is set to expire today, which weighed on the dollar. The Yen advanced, but the Nikkei still managed a 0.19% gain and the CSI 300 is up 0.50%. FTSE 100 futures are fractionally higher, U.S. futures marginally in the red. Core EGB yields climbed with Treasury yields yesterday, but peripherals outperformed and Eurozone spreads narrowed amid signs that the ECB remains very cautious in its approach to changes in the guidance, even as hawks slowly gain the upper hand. Today’s calendar has U.K. retail sales and Eurozone current account and BoP data after PPI numbers at the start of the session.

    FX Update: The dollar has traded softer on U.S. political concerns, though has remained above recent trend lows versus the yen, euro and most other currencies. The narrow trade-weighted USD index (DXY) is down 0.2%, making a low at 90.33 and swinging the 37-month low of Wednesday at 90.14 back into scope. The House of Reps passed the stopgap funding bill yesterday, and the vote now goes to the Senate, which has delayed its vote until later today and where there remains significant opposition to the bill. Republicans have been making amendments to the bill in an attempt to entice Democrat votes, but Democrats signalled that they have enough Senate opposition to stop the bill, which does not give sufficient concessions to them on immigration, government spending and other issues. According to the Washington Post, 39 Democrat and at least two GOP Senate members are known to be in opposition, leaving the bill short of the 60 votes needed to advance. This will be the dominant focus for markets today for market participants. Should the vote fail, government agencies will start shutting down from tomorrow — a scenario that would likely spark heavy dollar selling.

    Main Macro Events Today

    US Partial Government Shutdown

    Swiss Product and Import Prices – should fall to a 0.4% in December after November’s 0.6%.

    US Retail Sales – December retail sales expected to show a decline of 0.8% m/m (median -0.6% m/m), which would correct some of the 1.1% m/m gain that was seen in November.

    Canadian Manufacturing Sales – manufacturing shipment values expected to rise 1.9% m/m after the 0.4% dip in October.

    Prelim UoM Consumer Sentiment – expected to rise to 97.0 after the index slid 0.8 points to 95.9 in December, supported by the bull run in equities and the passage of the tax bill.

    FOMC Member Quarles Speech

    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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