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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 : 26th August 2019. MACRO EVENTS & NEWS OF 26th August 2019. * As Jackson Hole Symposium winds down, ...

          
   
  1. #501
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    Date : 26th August 2019.

    MACRO EVENTS & NEWS OF 26th August 2019.




    * As Jackson Hole Symposium winds down, lingering geopolitical trade tensions and political jitters in Hong Kong, Italy and the UK remain on the table to add further to an uncertain backdrop and to weigh on sentiment. From the data perspective, Thursday and Friday are the most data-heavy days with US GDP and Durable Goods, and Inflation releases from Europe and Tokyo.

    Monday – 26 August 2019

    * German IFO (EUR, GMT 08:00) – German IFO business confidence is expected to spike higher at 97.1 after it fell back to 95.7 in the July reading from 97.4 and is now at levels last seen in 2013. The Ifo services reading already fell back 10 points this year to 17.7 in July from 27.8 in December last year. Trade and construction sectors are clearly less optimistic than at the end of 2018.

    * Durable Goods (USD, GMT 12:30) – Durable goods orders are expected to rise 0.2% in July, after a 1.9% figure in June. Transportation orders should rise 0.5%. Boeing orders rose to 31 from 9 in June, with continued weakness due to the hit from problems with the Boeing 737 Max that has prompted buyers to delay new purchase commitments. Vehicle assemblies rose to an 11.6 mln pace from 11.5 mln in June. Durable shipments are expected to be flat, and inventories should rise 0.4%. The I/S ratio is expected to tick up to 1.66 from 1.65 in June.

    Tuesday – 27 August 2019

    * Gross Domestic Product (EUR, GMT 06:00) – German Preliminary Q2 GDP growth is expected to remain unchanged, after it contracted -0.1% q/q on August 14. Annual rates looked better than expected and the economy still expanded 0.4% y/y on a working day adjusted basis, but trade tensions and Brexit uncertainty clearly left their mark.

    * CB Consumer Confidence (USD, GMT 14:00) – The Consumer confidence is expected to ease to 133.0 in August from an 8-month high of 135.7 in July. We see a 169.2 current conditions reading, versus 170.9 in July. The expectations index should fall to 1008.8 in June from 112.2, versus an 18-year high of 115.1 in October. Overall, confidence measures remain historically high.

    Thursday – 29 August 2019

    * Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The German HICP inflation is jump to 1.3% y/y for August after it was revised down to 1.1% y/y in July.

    * US Gross Domestic Product (USD, GMT 12:30) – The preliminary Q2 GDP growth is expected to trim to 1.9% from 2.1%, with a $6 bln hike in consumption that accompanies a $2 bln boost for nonresidential investment. A downward revisions is expected of -$5 bln for inventories, -$4 bln for exports, -$3 bln for imports, -$8 bln revision for public construction, -$2 bln residential investment, and -$1 bln for equipment spending.

    * Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have slip at 0.7% y/y core in August, and at 0.8% y/y ex Fresh Food. Industrial Production should post a 0.3% grow m/m in July, compared to -3.3% in June.

    Friday – 30 August 2019

    * Consumer Price Index (EUR, GMT 09:00) – The Euro Area flash CPI for August is expected to rise slightly, at 1.1% y/y from 1.0% y/y last month. Eurozone Unemployment rate is anticipated steady at 7.5%.

    * Gross Domestic Product (CAD, GMT 12:30) – Canada’s economy remained sluggish in Q1, with real GDP rising just 0.4% (q/q, saar) after a 0.3% gain in Q4 (revised from 0.4%). The Q1 growth rate was shy of expectations, but it was far from a shocking result as tepid activity was projected as the economy continued to recover from the oil price shock last year. Meanwhile the Q2 release is expected to be released higher at 0.7% q/q from 0.4% gain in Q1 , due to the strong showing from net exports.The monthly trade report revealed a 14.7% gain in export volumes (q/q, saar) following the 4.1% drop reported in the Q1 GDP report.

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

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

    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.

  2. #502
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    Date : 27th August 2019.

    MACRO EVENTS & NEWS OF 27th August 2019.




    FX News Today

    * It was another 180 for Wall Street as stocks rebounded with broad based gains after Friday’s 2%+ plunge.

    * Trade talk continued to dominate the market narrative.

    * President Trump turned more positive on the prospect of a trade deal with China and investors in Japan were relieved by comments that the US won’t immediately impose tariffs on car imports from Japan.

    * JPN225 gained 1.1% and CSI 300 and Shanghai Comp rose 1.8% and 1.6% amid trade talks hopes and as China’s central bank lowered the Yuan midpoint to a new 11 1/2 year low, but not as low as anticipated.

    * The Hong Kong Chief Executive Carrie Lam said her government is able to handle ongoing protests without assistance from Chinese forces.

    * The WTI future is trading at $53.86 per barrel

    * GER30 futures are struggling for direction, US futures are heading south and UK100 futures are also firmly in the red after returning from yesterday’s holiday.

    * German Q2 GDP confirmed at -0.1% q/q, as expected, investment fell -0.1%. The main drag, however, not surprisingly came from net exports as exports fell -1.3% q/q.

    Charts of the Day



    Technician’s Corner

    * EURUSD fell from overnight highs of 1.1163, with the bulk of losses coming following weaker German Ifo data (weakest since 2012). The pairing opened the NY session near 1.1120, later easing to a 1.1097 base and it is consolidating at that point since then. The poor EU growth outlook, the upcoming Brexit deadline, trade angst, and ECB easing potential should continue to conspire against the Euro going forward. Support is at Friday’s near one-month low of 1.1052, with Resistance near 1.1160.

    * USDJPY put in an impressive recovery, topping at 106.40 yesterday. Now the Yen has settled lower at 105.70 level, into the London interbank open, with a 0.4% gain versus the Dollar, and a 0.6% rise against the Australian Dollar, which has been the underperformer of the main currency pack. The flight-to-safety dynamic, while modest, has been concomitant with a dip in USA500 futures, and has come despite firmer stock markets in Asia. At prevailing levels the USDJPY is sitting at about the halfway point of the range that was seen on Friday and yesterday.

    Main Macro Events Today

    * CB Consumer Confidence (USD, GMT 14:00) – The Consumer confidence is expected to ease to 133.0 in August from an 8-month high of 135.7 in July. We see a 169.2 current conditions reading, versus 170.9 in July. The expectations index should fall to 1008.8 in June from 112.2, versus an 18-year high of 115.1 in October. Overall, confidence measures remain historically high.

    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.

  3. #503
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    Date : 28th August 2019.

    MACRO EVENTS & NEWS OF 28th August 2019.




    FX News Today

    * Trade developments remained the centre of attention.

    * A Bloomberg report suggested that after a weekend of confusing signals only a few negotiators in Beijing expect that a deal with the US will be possible ahead of the 2020 election in the US election, partly because there are concerns that any deal signed now may eventually be broken by Trump.

    * With hopes of a deal dampened again, Asian stocks drifted.

    * Concern that the gaze of the US will also focus on imports from Japan and the EU again continue to linger and central banks may not be quite as eager to inject more stimulus as markets are.

    * JPN225 managed marginal gains of 0.16%, the Hang Seng rose 0.05%, but CSI 300 and Shanghai Comp lost -0.28% and 0.24% respectively.

    * China announced measures to help boost consumption and flagged the possible removal of restrictions on car purchases, but that wasn’t enough to prevent Chinese markets from slipping.

    * Norwegian Oil Fund planning to shift up to EUR 100 bln out of European stocks. The influential fund said it wants to reduce the current share of European stocks, which is at around 30%, after being scaled back previously. In the future, the U.S. share, which is already higher, will be stocked up.

    * The WTI future is trading at USD 55.54 per barrel.

    * German import price inflation fell further into negative territory.

    Charts of the Day



    Technician’s Corner

    * GBPUSD turned higher, printing near 1-month highs of 1.2310, as markets downplay the potential for a no-deal Brexit. The Brexit battle will commence next Tuesday, when parliament reopens after the summer recess. Given the level of support in parliament for ruling out the no-deal option, including some members from the government’s own Conservative Party, there is a reasonable chance that no-to-no-deal members will succeed. If a no-deal Brexit is legislated off the table, this would increase the odds of there being an extension, which in turn would put Prime Minister Johnson, having promised to deliver Brexit on October 31 in a difficult position.

    * USDCAD moved mildly higher even as crude oil prices firmed. Perkier oil prices provided some support to the CAD in London morning trade. USDCAD closed above its 20-day MA, which is seen as a fresh bullish development. The level (1.3266) now becomes Support, with Resistance at 1.3315 and 1.3342, the August peak.

    Main Macro Events Today

    * German GfK consumer confidence held steady at 9.7% y/y in the advance September reading, unchanged from the previous month. The full breakdown, which is only available until August, also showed an improvement in the willingness to buy, while saving becomes even more unpopular in the light of falling interest rates. So far then consumption seems to be holding up, but with the labour market starting to be affected by the contraction in manufacturing it seems only a matter of time until consumption trends also slow.

    * US Calendar is light, and has mortgage and oil inventory data, 2-year and 5-year auctions.

    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.

  4. #504
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    Date : 29th August 2019.

    MACRO EVENTS & NEWS OF 29th August 2019.




    FX News Today

    * Bunds cautious after hawkish comments from Nowotny, who said the ECB should be prepared to disappoint markets sometimes.

    * BTPs are rallying after confirmation that acting PM Conte will get a second chance, this time backed by a coalition of PD and Five Star Movement.

    * Stock markets remained cautious amid the lack of firm news on the US-Sino trade front and waiting to see what impact the latest tariffs will have and what global central banks are doing, with further easing measures expected to be in the pipeline as trade tensions hit the world growth outlook.

    * US Secretary Steven Mnuchin said US trade officials expect Chinese negotiators to visit Washington, but would confirm whether a previously planned meeting in September will take place.

    * European and US futures are in the red: In Europe Brexit jitters and the increased risk of a no-deal scenario cloud over the outlook after PM Johnson moved to suspend parliament for a large part of the remaining time until the October 31 Brexit date.

    * Oil prices slipped on growth worries, despite signs that OPEC supply cuts are curtailing US inventories.

    Charts of the Day



    Technician’s Corner

    * USDJPY recovered from opening lows of 105.65, managing to rally to 105.95 after Wall Street turned higher. Treasury yields remain lower however, acting to limit the pairings upside potential. Bigger picture, the risk-sensitive USD-JPY may still have room to run lower, as flare ups in the U.S./China trade war are likely to continue. There is little sign of progress, or even talks under way, as additional tariffs on Chinese goods are set to kick in on Sunday. Monday’s 33-month low of 104.45 is the next downside target.

    * USOIL rallied to $56.70 from $56.35 following the EIA inventory data which showed a 10.0 mln bbl fall in crude stocks. The street had been expecting a 2.0 mln bbl decrease, though the API reported an 11.1 mln bbl draw after the close on Tuesday. Meanwhile, gasoline supplies, seen down 0.5 mln bbls actually fell 2.1 bbls, while distillate stocks were down 2.1 mln bbls, versus expectations for a 1.5 mln bbl fall.

    Main Macro Events Today

    * Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The German HICP inflation has jumped to 1.3% y/y for August after it was revised down to 1.1% y/y in July.

    * US Gross Domestic Product (USD, GMT 12:30) – The preliminary Q2 GDP growth is expected to trim to 1.9% from 2.1%, with a $6 bln hike in consumption that accompanies a $2 bln boost for nonresidential investment. A downward revision is expected of -$5 bln for inventories, -$4 bln for exports, -$3 bln for imports, -$8 bln revision for public construction, -$2 bln residential investment, and -$1 bln for equipment spending.

    * Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have slip at 0.7% y/y core in August, and at 0.8% y/y ex Fresh Food. Industrial Production should post a 0.3% grow m/m in July, compared to -3.3% in June.

    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.

  5. #505
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    Date : 30th August 2019.

    MACRO EVENTS & NEWS OF 30th August 2019.




    FX News Today

    * News that the Bank of Japan cut purchases in its regular operations added to pressure on JGBs, but bond markets in general were pressured as risk appetite returned.

    * Hopes of US-Sino trade talks continued to underpin risk appetite. Wall Street closed higher yesterday, while optimism continued to underpin markets across Asia, which are set to end a difficult month on a high note.

    * President Trump said some trade discussion were taking place with more talks scheduled and China’s commerce ministry signalled it won’t retaliate on new US tariffs for now, adding that a further escalation is not helpful and that it was more important to discuss a cancellation of tariff increases.

    * ECB’s Knot meanwhile questioned the necessity for a restart of asset purchases late yesterday, which suggests the risk of disappointment for markets, who have been pricing in a very comprehensive easing package for the September meeting.

    * The focus is now turning to important data releases over the weekend, including China’s official manufacturing survey.

    * European stock futures are also moving higher, although US futures are struggling to hold earlier gains.

    * The WTI future is trading at USD 56.51 per barrel.

    * AUD and NZD both saw weaker building approvals data reported, AUD especially at 9.7% drop.

    Charts of the Day



    Technician’s Corner

    * EURUSD traded to near one-month lows, bottoming at 1.1042, down from earlier session highs of 1.1092. The pair is now within striking distance of the 27-month low of 1.1027 seen on August 1. General Dollar strength has been a driver through the session, with the positive trade news supporting. In addition, the USD’s yield advantage over largely negative yielding EGBs should continue to weigh on EURUSD going forward. A break through the key 1.1000 psych level will shift overall market sentiment, though there has been some talk of barrier options at the level, which will initially at least, likely be defended.

    Main Macro Events Today

    * Consumer Price Index (EUR, GMT 09:00) – The Euro Area flash CPI for August is expected to rise slightly, at 1.1% y/y from 1.0% y/y last month. Eurozone Unemployment rate is anticipated steady at 7.5%.

    * Gross Domestic Product (CAD, GMT 12:30) – Canada’s economy remained sluggish in Q1, with real GDP rising just 0.4% (q/q, saar) after a 0.3% gain in Q4 (revised from 0.4%). The Q1 growth rate was shy of expectations, but it was far from a shocking result as tepid activity was projected as the economy continued to recover from the oil price shock last year. Meanwhile the Q2 release is expected to be released higher at 0.7% q/q from 0.4% gain in Q1 , due to the strong showing from net exports.The monthly trade report revealed a 14.7% gain in export volumes (q/q, saar) following the 4.1% drop reported in the Q1 GDP report.

    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.

  6. #506
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    Date : 2nd September 2019.

    MACRO EVENTS & NEWS OF 2nd September 2019.




    * The Economic calendar is packed with the usual start-of-the-month releases on trade, manufacturing, and Jobs. Other than the RBA and BoC meetings next week and the trade war development, Brexit drama will remain the hot topic for markets as Parliament suspension generated a veritable political storm given the length and timing of it, as it is the longest in duration since 1945.

    Monday – 02 September 2019

    * Caixin Manufacturing PMI (CNY, GMT 01:45) – The Caixin manufacturing PMI acts as a leading indicator for the whole Chinese economy. The reading for August is expected to hold below the neutral zone, at 49.8 from 49.9 last month.

    * Manufacturing PMI (GBP & EUR, GMT 08:30) – In August, the German and UK PMI are expected to remain unchanged in the negative region, 43.6 and 48.0 respectively.

    Tuesday – 03 September 2019

    * Retail Sales (AUD, GMT 01:30) –Australian July Retail Sales data are projected to rise by 0.3% m/m from 0.4% m/m in June.

    * Interest Rate Decision and Statement (AUD, GMT 04:30) – In July, RBA Governor Lowe’s statement, while justifying the easing in policy, contained some cautiously upbeat observations, noting that “a lift in wages growth” is expected in the private sector, that inflation is anticipated to pick up (the central scenario being for underlying inflation to be around 2% in 2020 and a little higher after that), and that “tentative signs” of stabilization are being seen in Sydney and Melbourne housing markets. After implementing back-to-back rate cuts in June and July, RBA will be on hold for the foreseeable, albeit retaining a dovish policy stance.

    * ECB’s Nominated President Lagarde speech (EUR, GMT 07:00)

    * ISM Manufacturing PMI (USD, GMT 14:00) – The ISM index is expected to rise to 51.4 in August from 51.2 in July, compared to a 14-year high of 61.4 in August of last year.

    Wednesday – 04 September 2019

    * Gross Domestic Product (AUD, GMT 01:30) – Australia’s economic growth is likely to remain soft in Q2 2019, with GDP rising by 0.5% q/q, including consumption growth of 0.4% up from 0.3% in the March quarter.

    * Trade Balance (CAD, GMT 12:30) – Canada could ran to a C$0.3 bln trade deficit in July, from the C$0.1 bln trade surplus in June which contrasted with projections for a return to a mild shortfall.

    * Interest Rate Decision and Statement (CAD, GMT 14:00) – Last time, BoC reaffirmed its commitment to steady policy, as an economy returning to potential growth contrasts with an outlook “clouded by persistent trade tensions.”. The expectations remain for no change of the policy outlook from the BoC through year-end, with the next move expected to be a modest rate hike in late 2020.

    Thursday – 05 September 2019

    * ADP Employment Change (USD, GMT 12:15) – Employment change is seen falling short from July’s outcome (156K) to 140k in the number of employed people in August.

    * Non-Manufacturing PMI (USD, GMT 14:00) – The US Non-Manufacturing PMI is expected to rise to 54.1 in August from 53.7 in July and a 19-month low of 56.1 in March, versus a 13-year high of 60.8 in September. A stabilization in sentiment is seen through the first half of 2019 after a winter drop, and we’ve see a renewed down-tilt into Q3, though most sentiment measures remain in expansion territory, and the early-August sentiment measures were firm..

    Friday – 06 September 2019

    * UK court hearing on forcing no-deal Brexit

    * NFP and Labour Market Data (USD, GMT 12:30) – A 155k August nonfarm payroll rise has been estimated, following a 164k increase in July. The unemployment rate should tick down to 3.6% after an uptick to 3.7% in June that was sustained in July, and hours-worked are estimated to rise 0.3%. Average hourly earnings should rise 0.3% m/m.

    * Employment Change (CAD, GMT 12:30) – Employment change is seen spiking to 12.5k in the number of employed people in August, compared to the decline 24.2.2k in July. The unemployment rate is expected to remain at 3.7%.

    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. #507
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    Date : 3rd Sepember 2019.

    MACRO EVENTS & NEWS OF 3rd Sepember 2019.




    FX News Today

    * Asian stocks traded mixed in a thin trade.

    * The RBA left the cash rate at a record low 1.00%, as anticipated, though the statement pointed to tentative signs of improvement in the Australian economy’s fortunes, which helped spark about a 30 pip rebound in the Aussie.

    * A Bloomberg reporter highlighted the difficulties in arranging the talks that are supposed to restart this week after the US rejected Beijing’s request to delay the start of tariffs that came into effect over the weekend.

    * Against that background stock markets struggling to make headway JPN225 still managed gains of 0.1% respectively, but the Hang Seng declined -0.24%.

    * US futures are equally heading south with the USA100 leading the way.

    * Argentina imposed capital controls at the start of the month.

    * Brexit: The anti-no-deal opposition are preparing a vote today to take control of the parliamentary timetable, which would pave the way for them to stage a vote the following day, Wednesday, on proposed legislation that would stop a no-deal Brexit. Prime Minister Johnson has made it clear that he will call a general election if such legislation were passed, which, according to reports, would be staged on October 14.

    * In Europe, BTPs continue to outperform as political jitters abate with Salvini sidelined for now.

    * GER30 futures recovered earlier losses and are posting slight gains, while the UK100 is outperforming, underpinned by a weaker Pound.

    * The WTI future is trading at USD 54.85 per barrel.

    Charts of the Day



    Technician’s Corner

    * JPY: The Yen printed respective 29-month and 10-year lows versus the Euro and Australian Dollar at the open of trading in Asia-Pacific session, then rebounding some before settling. USDJPY is near net unchanged of the day at 106.15 after carving out a two-session low at the open in Asia, at 105.93.

    * GBP: Sterling racked up losses of nearly 1% against the Dollar, Euro and Yen, as of levels prevailing at the London fixing. Cable broke the 3-week low and the round 1.2000 area and posted a 1.1992 low, for the first time since January 2017, which, aside from a broadly firmer Dollar, has been a consequence of Pound underperformance.

    * EUR: EURUSD concurrently ebbed to a new 28-month low at 1.0930 in what is now the pair’s seventh consecutive day of printing lower lows. The pairing is down by 1.3% from week-ago levels.

    * CAD: The USD also managed to touch a two-and-a-half month peak against the Canadian Dollar in a move exaggerated in magnitude by the unusual thinness of the USDCAD market. The pair’s high was printed at 1.3361 yesterday after buy-stop orders were tripped during the London morning session. The pairing subsequently ebbed back to around 1.3330.

    Main Macro Events Today

    * ECB’s Nominated President Lagarde speech (EUR, GMT 07:00)

    * ISM Manufacturing PMI (USD, GMT 14:00) – The ISM index is expected to rise to 51.4 in August from 51.2 in July, compared to a 14-year high of 61.4 in August of last year.

    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.

  8. #508
    Senior Member HFblogNews's Avatar
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    Date : 4th Sepember 2019.

    MACRO EVENTS & NEWS OF 4th Sepember 2019.




    FX News Today

    * Stock markets pared losses after stronger than expected Services and Composite PMIs out of China.

    * This helped to counterbalance a disappointing US manufacturing PMI yesterday which had signalled contraction and rekindled concerns about the fallout from ongoing geopolitical trade tensions.

    * US August ISM manufacturing PMI dropped 2.1 points to 49.1 from 51.2 July.

    * US construction spending edged-up 0.1% in July after falling 0.7% in June.

    * US Markit manufacturing PMI slipped to 50.3 in August from 50.4 in July.

    * Brexit: PM Johnson pushes for new elections after MPs voted against “no-deal”.

    * GBP moved to session highs of 1.2104 as the UK government lost its majority, with a Conservative member defecting to the Liberal Democrats.

    * China softened its tone on protesters yesterday and CSI 300 and Shanghai Comp are posting gains of 0.2% and 0.3% respectively.

    * US futures are moving higher, as are GER30 and UK100 futures, with investors scaling back “no-deal” Brexit odds.

    * The WTI future is trading at USD 54.20 per barrel.

    Charts of the Day



    Technician’s Corner

    * JPY: The Yen printed respective 29-month and 10-year lows versus the Euro and Australian Dollar at the open of trading in Asia-Pacific session, then rebounding some before settling. USDJPY is near net unchanged of the day at 106.15 after carving out a two-session low at the open in Asia, at 105.93.

    * GBP: Sterling racked up losses of nearly 1% against the Dollar, Euro and Yen, as of levels prevailing at the London fixing. Cable broke the 3-week low and the round 1.2000 area and posted a 1.1992 low, for the first time since January 2017, which, aside from a broadly firmer Dollar, has been a consequence of Pound underperformance.

    * EUR: EURUSD concurrently ebbed to a new 28-month low at 1.0930 in what is now the pair’s seventh consecutive day of printing lower lows. The pairing is down by 1.3% from week-ago levels.

    * CAD: The USD also managed to touch a two-and-a-half month peak against the Canadian Dollar in a move exaggerated in magnitude by the unusual thinness of the USDCAD market. The pair’s high was printed at 1.3361 yesterday after buy-stop orders were tripped during the London morning session. The pairing subsequently ebbed back to around 1.3330.

    Main Macro Events Today

    * ECB’s Nominated President Lagarde speech (EUR, GMT 07:00)

    * ISM Manufacturing PMI (USD, GMT 14:00) – The ISM index is expected to rise to 51.4 in August from 51.2 in July, compared to a 14-year high of 61.4 in August of last year.

    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. #509
    Senior Member HFblogNews's Avatar
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    546
    Date : 6th Sepember 2019.

    MACRO EVENTS & NEWS OF 6th Sepember 2019.




    FX News Today

    * Stock markets remained supported during the Asian session after a higher close on Wall Street yesterday.

    * The prospect of a new round of trade talks helped to underpin sentiment Thursday and investors are scaling back easing expectations for the upcoming ECB and Fed meetings.

    * Markets priced out a lot of their easing expectations for next week’s ECB meeting yesterday, the German production number (German industrial production fell -0.6% m/m in July,) acted as a reminder that the balance of risks still remains tilted to the downside and that also holds for Brexit risks.

    * US reports revealed a surprisingly large August ISM-NMI bounce to 56.4 from a 3-year low of 53.7, alongside a similar ISM-adjusted bounce to 56.1 from a 3-year low of 53.0. The employment gauge fell, however, to a 2-year low of 53.1 from 56.2.

    * The confidence in progress on the trade front is far from secured yet and while yesterday’s private payroll survey in the US was better than expected, markets are holding back ahead of official US Payroll numbers later today.

    * Nikkei (JPN225) rose 0.43%. The Shanghai Comp is up 0.06%.

    * European stock futures posted slight losses, while US futures held on to fractional gains.

    * The USOIL meanwhile is trading at $56.30 per barrel.

    Charts of the Day



    Technician’s Corner

    * EURUSD rallied early in the session topping at 1.1085, right at its 20-day moving average. Gains came on risk-on conditions, along with the market’s apparent scaling back of ECB easing expectations. Later, a stronger ADP jobs report and firmer services ISM reversed the pairing’s course, as the Dollar turned broadly higher on the data. The Euro later eased back toward 1.1035 before steadying. Relative strength of the US economy over Europe should keep EURUSD in sell-the-rally mode going forward.

    * USDJPY has rallied sharply, peaking at 107.22 yesterday, levels last seen on August 2, and above its 50-day moving average for the first time since August 1. Prospects for US/China trade talks in October, along with better US data, and the accompanying Wall Street and Treasury yield rallies, have supported the pairing through the morning session. Currently is moving sideways in the upper BB (1-hour chart) and within the 1-month Resistance area at 106.80-107.04. A decisive daily candle above this area could turn the overall outlook.

    Main Macro Events Today

    * UK court hearing on forcing no-deal Brexit

    * Gross Domestic Product (EUR, GMT 09:00) – Eurozone’s economic growth s.a for Q2 2019, is likely to remain confirmed with GDP rising by 0.2% q/q.

    * NFP and Labour Market Data (USD, GMT 12:30) – A 155k August nonfarm payroll rise has been estimated, following a 164k increase in July. The unemployment rate should tick down to 3.6% after an uptick to 3.7% in June that was sustained in July, and hours-worked are estimated to rise 0.3%. Average hourly earnings should rise 0.3% m/m.

    * Employment Change (CAD, GMT 12:30) – Employment change is seen spiking to 12.5k in the number of employed people in August, compared to the decline 24.2k in July. The unemployment rate is expected to remain at 3.7%.

    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.

  10. #510
    Senior Member HFblogNews's Avatar
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    May 2017
    Posts
    546
    Date : 11th Sepember 2019.

    MACRO EVENTS & NEWS OF 11th Sepember 2019.




    FX News Today

    * Asian bond markets in general under pressure as local investors caught up with developments in the US yesterday.

    * Excessive easing hopes continue to be scaled back ahead of the ECB meeting tomorrow and the Fed decision yesterday but with lingering hopes that governments will step up support for the global economy helping to underpin stock markets.

    * President Trump has fired National Security Adviser John Bolton.

    * The departure of Bolton has lifted hopes that the US will take a softer stance on China and North Korea and it also triggered a sell-off in oil amid hopes that tensions with Iran may ease.

    * China will lift limits on foreign investment, which underpinned brokerages.

    * News wires are citing a report from China’s South China Morning Post that China will buy more agricultural products from the US, to “sweeten” the trade deal. This should help add to optimism of more progress.

    * The WTI futures has recovered some of yesterday’s losses and is trading at $57.86 per barrel, after falling to a low of 57.20 in the wake of the Bolton announcement.

    Charts of the Day



    Technician’s Corner

    * Oil: WTI crude slid from $58.60 to $57.30 following news that NSA Bolton was fired by Trump. The ouster of the uber-hawk Bolton is equated by the oil market as an easing in potential conflict between the US and Iran. The WTI contract remains up over $1 from Monday’s low and the 200-day SMA.

    * USDJPY printed near 6-week highs of 107.84, continuing to be supported by hopes for a solution to the US/China trade dispute. US Treasury Secretary Mnuchin said recently there has been “lots of progress on talks” recently. In addition, a Reuters source report ahead of the US open indicated BoJ policymakers have discussed further easing measures, including cutting rates further into negative territory. This weighed on the Yen as well.

    Main Macro Events Today

    * Producer Price Index (USD, GMT 12:30) – The Headline PPI is expected at a -0.1% dip for the PPI headline in August, with a 0.2% rise in the core index. As expected readings would result in a y/y gain of 1.7% for headline PPI that matches the July gain, and a 2.2% y/y rise for the core, versus 2.1% in July. The y/y headline readings is anticipated in a 1.3%-2.0% range over coming months, while core prices should be in a 1.9%-2.3% range.

    * Crude Oil Inventories (GMT 14:30)

    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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