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  1. Date : 18th December 2017. MACRO EVENTS & NEWS OF 18th December 2017.FX News TodayGlobal markets can benefit from some early Christmas presents as major political uncertainties seem to be resolving. The U.S. Congress is expected to pass the tax reform package and send it to President Trump before the weekend. Agreement between the EU and U.K. will move Brexit talks to the second stage. And, Germany’s SPD party agreed to exploratory talks on renewed cooperation with Chancellor Merkel. About the only hurdle could be Thursday’s elections in Catalonia. For bonds, the dovish policies from the ECB and BoJ, a less hawkish BoE, and still benign inflation, should keep a ceiling on rates. Trading will quiet into the weekend with early closes on Friday ahead of Christmas on Monday, with many markets still off Tuesday.United States: As the year starts to wind down, attention will remain on the tax bill. After much wrangling, it appears a bill will be passed after several GOP Senators indicated they would vote yes on the compromise version. The House is slated to vote Tuesday, with the Senate likely on Wednesday to give ailing Senator McCain time to get to Washington. As for data, all of the crucial reports are out of the way. Housing reports headline the economic calendar, which also includes revised GDP, December manufacturing numbers, income/spending, and durable goods orders. But the reports won’t really alter current outlooks for solid economic gains and still low inflation. Also, several of the reports, especially housing and durables, will still be impacted by disaster whiplash.Canada: In Canada, the data slate provides another round of figures for the Bank of Canada’s data driven approach to policy, which was back in the spotlight last week after the Governor said “caution” in not a code word for on hold.Hence the anticipation remains that they will hold steady in January, hike 25 basis points in March to 1.25% and implement two more moves later in 2018 to gradually lift the policy rate to 1.75% by the end of 2018. The economic data this week will be scrutinised for clues that conditions will be/won’t be ripe for a rate hike at the January 17 announcement. Wholesale shipment values (Wednesday) are seen rising 0.5% in October after the 1.2% drop in September. October average weekly earnings, part of the establishment survey, are also due Wednesday. The CPI is expected to rise 0.2.% in November (m/m, nsa) after the 0.1% gain in October, as higher gasoline prices impact. Retail sales (Thursday) are projected to rise 0.5% in October after the weak 0.1% gain in September. October GDP has the privilege of being the last report released this year and expected to rise 0.2% after the 0.2% m/m pick-up in September.Europe: Political events were relatively positive in Europe last week. The elections in Catalonia on December 21 provide a last focus on the political arena this week, especially as polls suggest a head to head race between the parties in favour and those against independence from Spain. This week’s round of date releases include the German Ifo Business Climate (Tuesday), which we expect to nudge higher to 107.5. The German economy is bursting at its seems and the Bundesbank just upped its growth forecast significantly at least for this year and warned to sizeable wage growth ahead. ECB’s Draghi meanwhile continues to see not insufficient progress on inflation and wages and indeed, November Eurozone HICP inflation (Monday) is expected to be confirmed at 1.5%, up from the previous month, but far below the ECB’s objective. More importantly, the breakdown is expected to confirm that higher energy prices were the main driving factor behind the uptick in the headline rate in November and core inflation is still at just 0.9% y/y. So plenty for Draghi to argue with, although whether the central bank can risk seeing inflation running away in the largest economy remains to be seen. More importantly perhaps, while growth forecasts have been revised up, the growth profile in Germany and the Eurozone suggests a peak in annual rates this year, so the ECB will start to scale back support when growth is already slowing down. The calendar also has German producer (Wednesday) and import price inflation (Friday) for November, where energy prices are expected to lift headline rates. Eurozone current account and BoP data as well as consumer confidence readings for Germany and the Eurozone are also on the agenda, as are French consumer spending and national confidence indicators for Italy and France.UK: Sterling markets, as others, will be winding down for the Christmas and New Year holiday period while still digesting the less hawkish than anticipated guidance the BoE delivered following its MPC meeting last week. The calendar this week kicks off with the December CBI industrial trends survey (Monday), which expected to show a modest decline in the headline total orders reading, to +15 from +17 of the November survey. The CBI also releases its December distributive sales report (Wednesday). The third and final release of Q3 GDP data is up (Friday), along Q3 current account data.Japan: In Japan, the BoJ meets (Wednesday, Thursday). No changes are expected to rates or QE. Despite a much improved economy, inflation is subdued. Chief Kuroda is expected to remain patient for now. The October all-industry index (Wednesday) is expected up 0.2% versus the 0.5% decline in September. .Australia: The Reserve Bank of Australia releases the minutes to its December meeting (Tuesday). Rates were held at 1.50%, as expected. The calendar contains no top tier data this week.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. Date : 15th December 2017. MACRO EVENTS & NEWS OF 15th December 2017.FX News TodayEuropean Outlook: Asian stock markets headed south overnight, U.K. futures are also in the red, following on from broad losses on European and U.S. equity markets yesterday. Uncertainty over the progress of the U.S. tax bill continues to linger and relatively dovish signals from ECB and BoE yesterday sent yields down, but failed to lift sentiment on stock markets and while ECB President Draghi insisted on the open ended element of the QE program, ECB’s Vasiliauskas said “it is likely that the economy won’t require any additional support”. EU heads of state failed to reach an agreement on the immigration crisis yesterday and Brexit talks will take centre stage today, with officials expected to pave the way for talks and trade and transition. The economic calendar quietens down with Eurozone trade data the highlight of the agenda.FX Update: The dollar has been traded mixed, posting fresh losses versus the yen and the Australian, New Zealand and Canadian dollar, consolidating gains it saw yesterday versus the euro, in the wake of the ECB’s announcement and guidance, and holding steady-to-firmer against a raft of emerging-world currencies. The pound, meanwhile, is trading versus the dollar near the levels prevailing ahead of the BoE announcement and statement yesterday, having managed to recoup losses. USD-JPY is down, having ebbed back below 112.20, though has so far remained above yesterday’s nine-day low at 112.06. Mostly weaker stock markets in the Asia-Pacific region, along with a solid reading from the latest quarterly Tankan survey of business confidence in Japan, which showed the best quarter for Japanese manufacturers since 2006, were factors that have been conducive for yen strength. EUR-USD and euro crosses consolidated losses seen in the wake of the ECB’s dovish guidance yesterday. EUR-USD made time in a narrow range in the upper 1.17s. More of the same seems likely today. Sterling markets will pay particular attention to Brexit talks at the EU’s leaders’ summit.n.Main Macro Events Today EU Trade Balance – Expectations – decrease in trade surplus,down to 24.4B from 25.0B euros. MPC Member Haldane Speech at 13:15 GMT Canadian Manufacturing Sales- Expectations – 0.8% from 0.5% from last month. US Empire State index – Expectations – 20.0 in December from 19.4 US Industrial Production- Expectations – 0.2% in November and capacity use to 77.1% Charts of the DayAlways 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. Date : 14th December 2017. MACRO EVENTS & NEWS OF 14th December 2017.FX News TodayEuropean Outlook: Stock markets headed south overnight as the Fed hiked rates and maintained the rate outlook for next year, despite lifting growth projections. A surprise hike in short term interest rates by China’s central bank added to pressure. U.K. futures are also heading south as the focus switches to European central banks with ECB, BoE and SNB all seen on hold. The ECB in particular could sound more hawkish than at the last meeting as council members are increasingly divided over Draghi’s open ended QE policy amid signs of capacity constraints in the economy. Data releases include preliminary Eurozone PMI readings for December, U.K. retail sales, as well as final November inflation data for a number of Eurozone countries. EU heads of states will start to gather for the start of the summit that is hoped to finally pave the way for talks and trade and transition agreements with the U.K.FOMC hiked 25 bps and left the dots at three tightenings in 2018. The rate increase from a 1.25% to 1.50% policy band was universally expected, and the three tightenings next year was largely anticipated too. There were two dissents, with Evans and Kashkari dissented and voted for no change in rates. The Fed’s statement said the labor market continued to strengthen while economic activity was seen rising at a solid rate. On inflation, the Fed said overall and core inflation on a 12-month basis had declined this year and are running below 2%, , which may have provided the weight on the dollar.The dollar fell after the as-expected 25 basis point Fed rate hike, then quickly headed above levels just prior to the announcement, before dipping again.Main Macro Events Today SNB Monetary Policy – Expectations – SNB expected to continue to highlight the need for negative rates and reiterate the line from its previous policy meeting that it “will remain active in the foreign exchange market, as necessary, while taking the overall currency situation into consideration.” UK Retail Sales – Expectations – 0.4% m/m rise after a 0.3% m/m gain in the month prior BoE Preview – The BoE’s two-day December MPC meeting concludes today. No change decisions on the repo rate, which would leave it at 0.50%, and QE totals (both gilts and corporate bond purchases) are widely expected, which we anticipate will be by unanimous votes at the nine-member committee. EU Services PMI – Expectations – a dip in the services reading to 56 from 56.2 and a decline in the manufacturing number to 59.8 from 60.1 in the previous month. ECB Preview – Data releases since the October meeting, when Draghi wrapped a reduction of net asset purchases form January onwards in a dovish guidance, have shown stronger than expected growth momentum that will likely see upward revisions to growth and inflation forecasts. Against that background calls for Draghi to finally commit to an end date for QE are getting louder as are warnings that the ECB’s policy may remain too accommodate as the output gaps closes faster than anticipated. Indeed, the event risk for today’s press conference is a more hawkish tone than markets expect, especially after yesterday’s Fed hike, as the move will give Draghi more room to manoeuvre without putting undue upward pressure on the EUR. US Retail Sales and Jobless Claims – Expectations –Headline Retail sales are projected to increase 0.3% for November from 0.2%. Initial jobless claims are seen at 239k from 236K last week. Charts of the DayAlways 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. Date : 13th December 2017. MACRO EVENTS & NEWS OF 13th December 2017. FX News Today European Outlook:Asian stock markets traded mixed, with Japan underperforming as the yen strengthened amid a wider dip in the dollar. The Hang Seng meanwhile outperformed and bounced back 1.3% with Air China Ltd rallying but casinos leading the gains on the benchmark index. U.K. and U.S. futures are in the read, however, ahead of the expected Fed hike today and as the dollar was hit by the Democrats win in the Alabama vote, which cast further doubt on Trump’s legislative agenda. Treasury yields declined overnight and Bund futures moved up from lows, suggesting fresh safe haven demand. The Fed announcement will overshadow the European calendar, which has German inflation at the start of the session as well as U.K. labour market data and Eurozone production and employment numbers. German Nov HICP inflation was confirmed at 1.8% y/y, as expected and up from 1.5% y/y in the previous month. The breakdown confirmed that the main driver behind the uptick was a rebound in energy price inflation, with petrol prices rising 2.6% m/m, bringing the annual rate up to 5.9^ from 1.2%. Heating oil prices also surged and while the German headline rate now is pretty much in line with the ECB’s objective, Draghi can still refer to the transitory impact of energy prices and still wage growth when he defends his very expansionary policy. More importantly perhaps, the German rate is above the Eurozone rate and as there hasn’t been much progress with regard to economic convergence since the crisis, stronger countries such as Germany may have to be forced to live with a period of above target inflation to give the weaker countries more time to catch up. Either way, with wage growth still weak Draghi still has something to argue with as he defends his ongoing asset purchases, although with companies running into capacity constraints today’s numbers will add to pressure from Germany to commit to an end date for QE. Main Macro Events Today UK ILO Unemployment & Average Earnings – Expectations – ILO unemployment rate expected to tick lower to a new 40-year low of 4.2%, from 4.3%, while the BoE-watched average household earnings to tick up to a cycle of 2.5% y/y from 2.2% y/y. US CPI – Expectations – 0.4% in November from 0.1%; with a 0.2% core rise forecast. FED Rate Decision and FOMC Press Conference at 19:00 GMT Charts of the Day 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. Date : 12th December 2017. MACRO EVENTS & NEWS OF 12th December 2017. FX News Today European Outlook: Asian stock markets mostly headed south, as this week’s central bank meetings come into focus and amid a lack of incentive for investors to push out indices beyond recent highs. U.S. markets still managed to move higher as investors shrugged off the explosion in New York, and while volumes were lacklustre U.S. but also U.K. stock futures are moving higher. The FTSE 100 already outperformed yesterday and ongoing pressure on the Pound is continuing to underpin market interest. Oil prices are higher on the day with the front end WTI future trading at USD 58.39 per barrel. The calendar, which started very slow yesterday, heats up today, with U.K. inflation numbers for November and the German ZEW investor confidence reading for December. FX Update: Narrow ranges have prevailed so far today as market participants sit on their hands ahead of key data from key economies this week, the first of which arrives later in the form of UK November inflation data and the latest German ZEW investor survey, along with a plethora of central bank policy decisions. EURUSD has settled near 1.1780, lacking direction after the rebound from Friday’s 1.1730 low stalled at levels above 1.1800. USDJPY has plied a narrow 14 pip range so far today, between 113.43 and 113.57, settling toward the lower part of this range, which roughly marks the midway point of yesterday’s range. Cable has settled to a narrow oscillation just above yesterday’s three-session low at 1.3330. The NZ dollar bucked the directionless trend, with the currency having rallied for a second successive session as markets continue to react to yesterday’s announced appointment of Adiran Orr as the new RBNZ governor. NZDUSD logged a two-week high at 0.6937. Main Macro Events Today UK CPI and PPI – Expectations – headline and core CPI readings to remain unchanged at 3.0% y/y and 2.7% y/y, respectively, though producer input and output costs expected to tick higher, to respective rates of 6.8% y/y, from 4.6% y/y in the month prior, and to 3.0% y/y from 2.8% in October. German ZEW Sentiment – Expectations – at 18k from 18.7K seen last month US PPI and Core – Expectations – forecast to rise 0.4% vs 0.4%; core PPI is set to increase just 0.2% vs 0.4%. ECB President Draghi Speech at 19:00 GMT Charts of the Day 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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  7. Date : 11th December 2017. MACRO EVENTS & NEWS OF 11th December 2017.FX News TodayThe FOMC meeting is front and center this week following the solid November jobs report on Friday, which provided the final bit of cover for the Fed to push ahead with a quarter point December rate hike as well telegraphed. It will be the last meeting conducted by Chair Yellen, who can now tie a bow on her 3+ year tenure and hand the policy wand over to Jay Powell. Attention will remain on Europe too with a number of key events late in the week, including ECB and SNB policy meetings Thursday, and EU Leaders Summit and Brexit discussions, as well as German coalition building.United States: The U.S. calendar will be crowded by supply and the FOMC policy decision, but the economic reports could pack some punches of their own thanks to key releases on inflation and retail sales, among others. November headline PPI (Tuesday) is forecast to rise 0.4% vs 0.4%; core PPI is set to increase just 0.2% vs 0.4%. The Treasury budget gap is also out (Tuesday) and is expected to narrow slightly to -$132 bln in November from -$137 bln a year ago. Headline CPI (Wednesday) is on tap to rise 0.4% in November from 0.1%; with a 0.2% core rise forecast. MBA mortgage applications and EIA energy inventories are also due (Wednesday). Headline retail sales (Thursday) are projected to increase 0.6% for November from 0.2%, while ex-auto sales may outperform at 1.0% vs 0.1%, given weaker auto sales of late. Import prices (Thursday) may rise 0.7% in November, while export prices are seen up 0.2%. Initial jobless claims are seen steady at 236k for the December 9 week. Business inventories may sink 0.1% for October (Thursday). All out on Friday, the Empire State index may rise to 20.0 in December from 19.4, industrial production is set to rise 0.2% in November and capacity use to 77.1%, while TIC flow data is due.Canada: Governor Poloz’s speech (Thursday) to the Canadian Club Toronto is the highlight of a fairly lean calendar this week. The speech will be published at 12:25 ET, with a press conference to follow at 13:45 ET. In last week’s announcement, the BoC maintained a cautious approach to further rate hikes amid “considerable uncertainty” on the global outlook. The press conference should make for interesting listenin, as Poloz and Wilkins expected to receive end of several pointed questions about wages, trade, GDP and what it will take to prompt another rate increase. Meanwhile, the economic reports due out this week have limited scope to alter the outlook for BoC policy. October manufacturing is expected to bounce 1.5% after the 0.5% gain in September. Existing home sales for November (Friday), the October new home price index (Thursday) and the Teranet/National HPI (Wednesday) will complete the housing data docket for October/November.Europe: With the holiday period approaching fast, the week is a bumper one for data, as well as key political events, and key central bank meetings. After May and Juncker reached a breakthrough agreement on key Brexit issues, EU heads of states are expected to officially declare that sufficient progress on divorce terms has been made to move to phase 2. In Germany, there is fresh hope that new elections can be avoided after the SPD reversed its decision not to enter coalition talks. The first official meeting is scheduled for this week. These events may overshadow Thursday’s ECB meeting to a certain extent, especially after Draghi effectively mapped out the policy path until the end of September 2018 by delivering a 9 month QE extension in October. Data releases ahead of the ECB meeting will be overshadowed by the full event calendar and focus on final inflation data for November, as well as the first round of December confidence data with preliminary PMI and German ZEW readings. Expectations are for the confidence numbers to fall back slightly, but remain at very high levels, consistent with strong growth and job creation. The headline HICP rates expected to confirm preliminary numbers of 1.8% for Germany (Wednesday), 1.3% for France (Thursday) and 1.1% for Italy (Thursday), which should leave overall Eurozone HICP (due Dec 18) at 1.5%, below the 2% upper limit for price stability, but with signs that underlying inflation pressures and wages are starting to pick up.UK: The pound opens the new week on a fragile footing after coming under pressure on Friday. That drop was partly due to sell-on-the-fact moves following the agreement between the EU and U.K. on divorcing terms, partly on rising concerns as the details of the deal are digested, and also in part on the sharpening of focus on the realities of the next phase of negotiations, which will involve agreeing on new trading terms with 27 countries in the relatively short time period until Brexit-Day in March 2019. The EU has already warned the U.K. that trade talks can’t happen until March next year. The main concern about the divorce agreement is “regulatory alignment” accord that was needed to maintain the Irish border as a soft border, a circumstance, as U.S. trade representatives have warned before, that could hinder or stop the U.K. from signing free trade deals with other countries. This seems to suggest that the government has, essentially, positioned the U.K. for a “soft” Brexit, and we have to now see how this unfolds politically.The data calendar is highlighted by November inflation numbers (Tuesday), the monthly labour market report covering October and November (Wednesday), and the November retail sales report (Thursday).Japan: In Japan, November PPI (Tuesday) is expected unchanged after firming to 3.4% y/y in October versus September’s 3.1%. However, the slightly stronger yen may have limited PPI gains. Any sign of rising inflation will be good news for the BoJ. The October tertiary index (Tuesday) should rebound 0.3% versus the previous -0.2% outcome based on gains in recent real sector data. October machine orders (Wednesday) are penciled in with a 3.0% m/m gain from the 8.1% drop in September. Revised October industrial production is due Thursday. It posted a 0.5% gain in the preliminary report versus September’s -1.0%. It’s been on a choppy, saw-toothed monthly path through the year. Friday brings the December Tankan index, seen improving to 25 from 22 for large manufacturers, and to 26 from 23 for large non-manufacturers.China: November industrial production (Thursday) is forecast at little changed at 6.1% y/y from 6.2% previously. It’s held a 6-handle most of the year, with a couple of readings in the 7s. November fixed investment (Thursday) is expected to slow to a 7.1% y/y pace from 7.3%. November retail sales (Thursday), meanwhile, should rise to a 10.3% y/y rate from 10.0% previously.AustraliaReserve Bank of Australia Governor Lowe speaks at the Australian Payment Summit 2017 (Wednesday) on “An eAud?” Head of Payments Policy Richards participates in a discussion panel (Wednesday) at the Australian Payment Summit 2017. Assistant Governor (Financial Markets) Kent speaks (Wednesday) on “The Availability of Business Finance.” The employment report (Thursday) is expected to reveal a 10.0k gain in total jobs during November following the 3.7k rise in October. The unemployment rate is projected to hold at 5.4% in November.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. Date : 8th December 2017. MACRO EVENTS & NEWS OF 8th December 2017. FX News Today European Outlook: Asian stock markets rallied after a positive close on wall Street. The trade surplus overshot expectations, and is bullish for China’s economy. China’s trade surplus improved to $40.2 bln in November from $38.1 bln in October, while Japan’s Q3 GDP grew 2.5% in the final reading, up from the preliminary 1.4% gain (q/q, saar). GDP grew 2.9% in the final report for Q2. Japan led the way as a weaker yen underpinned exporters, as the dollar gained amid reports that U.S. tax cuts are making progress in congress. With investors looking in profits at the end of a strong year for stocks there have been sizeable swings and forex markets remain a driver, with FTSE 100 futures in the red, as the Pound rallied on news of progress in Brexit negotiations that could see next week’s EU summit pave the way for early trade and transition talks. U.K. jobs data in the afternoon overshadows local data releases, which include French production, U.K. trade and the U.K. NIESR GDP estimate. White smoke over Brussels as U.K. and EU strike deal on key Brexit issues that is hoped to unlock Phase 2 and talks on a transition period and future trade relationships at next week’s summit. After agreeing on the future role of the ECJ yesterday May managed to find a compromise on the Irish boarder, that kept the DUP happy but also satisfied the Republic of Ireland, with the latter confirming that it will now back talks moving into Phase 2. The Pound rallied on the news and FTSE 100 futures are also moving higher now after initially dipping on the stronger Pound. EGB yields are moving up in early trade as safe haven flows are being reversed. Elsewhere in europe, German sa trade surplus narrowsed as imports surged. Germany’s sa trade surplus narrowed to EUR 19.8 bln in October, from EWUR 21.9 bln in the previous month, as exports contract for a second consecutive month, while imports surged 1.8% m/m, after falling -1.1% m/m in September. The surge in imports may give a partial explanation and overall the prospects for exports and production remain good, despite the weak October numbers. Main Macro Events Today UK Manuf. and Industrial Production – Expectations – Manufacturing Production to come at 0.1% m/m after 0.7% seen in September, and with 3.9% y/y growth from 2.7%. Industrial production headline to come in at 0.0% m/m after 0.7% m/m growth in September, and with 3.5% y/y growth. US NFP – Expectations – at 200K from 261K seen last month Baker Hughes US Oil Rig Count 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. Date : 7th December 2017. MACRO EVENTS & NEWS OF 7th December 2017.FX News TodayEuropean Outlook: Stock markets recovered in Asia overnight, with Japan leading the way as the yen weakened. Tech stocks rebounded, after sell off in U.S. stocks halted. The Nikkei managed a 1.45% gain, outpacing moves higher in Hang Seng and ASX 200. The CSI 300 underperformed and headed south, with commercial banks under pressure on the mainland and in Hong Kong after regulators said it is planning the introduction of quantitative indicators in the management of commercial banks’ liquidity and the IMF suggested banks to increase capital buffers against a sudden downturn. U.K. and U.S. stock futures are moving higher, confirming that risk appetite is returning, which could see Bund and Gilt yields recover some of yesterday’s losses. Today’s calendar has U.K. house price inflation from Halifax and the detailed reading of Eurozone Q3 GDP. Brexit talks remain in focus and in Germany the SPD is set to make a formal decision on whether to enter coalition talks with Merkel’s CDU/CSU a party convention today.German industrial production unexpectedly dropped -1.4% m/m in October and while September was revised up to -0.9% m/m from -1.6% m/m reported initially, it still leaves production down for a second consecutive month. The numbers look at odds with strong orders numbers and survey data, but indicated a build up in the backlog of orders that also squares with PMI reports. This would suggest that the weaker than expected production numbers are not a sign of weakening growth momentum, but at least partly a reflection of the fact that companies seem to be running into capacity constraints, and while the annual rate fell back to 2.7% y/y from 4.1% y/y, the growth rates remain robust so far.Main Macro Events Today EU GDP (Q3) – Expectations – unchanged at 0.6% q/q and at 2.5% y/y. ECB Pres. Draghi Speech at 16:00 GMT in Frankfurt US Unemployment Claims – Expectations – up by 2k to 240k for the December 2 week. Canadian Building Permits and Ivey PMI- Expectations – Building permits expected to fall 1.0% in October after the 3.8% gain in September, while Ivey PMI expected to slip by 1.1 to 62.7 for November. Charts of the DaySupport and Resistance LevelsAlways 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. Date : 6th December 2017. MACRO EVENTS & NEWS OF 6th December 2017.FX News TodayEuropean Outlook: Stock markets tanked in Asia overnight, with Nikkei and Hang Seng both losing nearly 2% as technology, mining, consumer and industrial sectors came under pressure and a stronger Yen added to the sell off in Japanese stock markets, while the ASX outperformed with a -0.44% loss as the AUD weakened on disappointing GDP numbers. Australia GDP expanded 0.6% in Q3 (q/q, sa), mildly undershooting expectations but after an upwardly revised 0.9% rise in Q2 (was +0.8%). GDP climbed 2.8% y/y in Q3 after a revised 1.9% growth rate in Q2. AUDUSD fell to 0.7574 from 0.7613 just ahead of the report, as the undershoot of total GDP relative to projections combined with the sluggish household consumption growth pace squashed the mild jolt of rate hike optimism seen following modestly less dovish outing from the RBA. U.K. and U.S. stock futures are also down and ongoing pressure on stock markets should keep EGBs supported and yields The calendar has the Eurozone retail PMI, with Brexit talks remaining a key focus ahead of next week’s EU summit.German manufacturing orders unexpectedly rose 0.5% m/min October. Expectations had been for a correction from the strong September number, but while the last figure was revised up to 1.2% m/m from 1.0% m/m, the October number showed a further improvement of 0.5% m/m (median -0.2%). This confirms firm survey data and expectations for another strong GDP growth rate in Q4. The German, but also the overall Eurozone industrial sector continues to fire on all cylinders with job creation accelerating, but price pressures also emerging now. Against that background Draghi could tweak the forward guidance next week somewhat to clarify that in the central scenario net asset purchases will end in September next year, even if the door to another follow on program remains theoretically open.Main Macro Events Today ADP Non-Farm Employment – Expectations – increase to 185k for November vs 235k previously. US Labor Costs (Q3)- Expectations – slip to 0.2% from 0.5%. BoC Rate Statement – Expectations – no change is expected to the 1.00% rate setting in today’s announcement. Bank-speak since the September rate increase emphasised that the Bank is in an “intense data dependent mode” and will be cautious in the removal of further stimulus. Uncertainty remains elevated, notably around the (still) ongoing Nafta negotiations. Oil Inventories – Expectations – a decline by 0.25M Barrels from last week -3.429M outcome. Charts of the DaySupport and Resistance LevelsAlways 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.
  11. Date : 5th December 2017. MACRO EVENTS & NEWS OF 5th December 2017.FX News TodayEuropean Outlook: The boost from U.S. tax cut hopes started to fade in Asia and equity markets mostly headed south, as investors moved out of tech stocks once again and into banks. The Nikkei closed down -0.37%, the Hang Seng is down -0.57%. U.S. futures moved higher, but UK100 futures are also down, as yesterday’s hopes of a Brexit deal that would pave the way for talks on trade and transition were smashed for now. Long yields moved higher in Asia, although late gains in Bund futures yesterday and the prospect that the GER30 is likely to retreat further from yesterday’s highs, could see yields also coming down somewhat in early trade. The data calendar includes the final readings of Eurozone services PMIs for November, as well as the U.K. services PMI and EMU retail sales. German coalition talks and Brexit negotiations remain in focus ahead of next week’s EU summit.FX Action: USDJPY lifted marginally during the pre-European session in Asia. Higher U.S. Treasury yields helped lift the pairing in the face of generally lower stock markets in Asia-Pacific, which were afflicted by a resumption in the global tech sector selloff (the Nasdaq closed on Wall Street yesterday with a loss of just over 1%). AUDJPY buying was seen following above-forecast retail sales data out of Australia, which was followed by a comparatively less dovish statement from the RBA governorfollowing today’s policy meeting that left the cash rate unchanged at 1.5%. Meanwhile, in Europe, Cable has settled around 1.3470 after dropping to a 1.3412 low from levels above 1.3500, since there was no deal with regard to divorcing arrangements between EU and UK. PM May said during a press conference with EU’s Juncker that “differences remain” despite having a “constructive meeting.” Is also became clear that there would be no breakthrough deal on the Irish border at meeting between May and Juncker. For a while it seemed that a compromise deal had been reached, but May’s Northern Irish ally DUP criticised the leaked details earlier although May said there will be further talks ahead of the EU summit next week, which means there is still the chance that there will be sufficient progress for EU leaders to pave the way for early talks on trade and transition next week.Main Macro Events Today EU & German Service PMI – Expectations – unchanged at 56.2 and 54.9 respectively. UK Service PMI – Expectations –a headline of 55.0 after the 55.6 reading of the October survey. Canadian Trade Balance – Expectations – narrow to -C$2.6 bln from -C$3.2 bln in September. US ISM Non – Manuf. PMI – Expectations – 59.0 in November from 60.1. Charts of the DaySupport and Resistance LevelsAlways 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.
  12. HotForex: Upcoming December 2017 Webinars Part 1. Power your trades with industry tips and knowledge from our forex experts by signing up to our free weekly webinars. Our webinars are designed to improve your FX knowledge and help you hone your trading skills to give you the confidence you need to trade the markets! Whether you are a beginner or an experienced trader, our seasoned market analysts will guide you through key forex strategies and concepts. Every live webinar is followed by a Q&A session, giving you the opportunity to put your questions to the presenter! We are committed to being with you every step of the way in your forex trading career, and by providing valuable forex education, we can give you a solid foundation to begin trading. Registration is FREE but you need to hurry up because places are limited! By joining our webinars you can: *Watch our experts analyse the markets live. *Strengthen your trading skills and knowledge. *Ask questions and get the answers you need. *Access past webinars to refresh your memory. *Get valuable training that is not readily available online. *Discover industry tips and tricks from the pros. Places are limited*, so book your free place now! View our webinar lineup till 19th December 2017: 05 December 11:00 AM: Live Analysis In this live analysis webinar, our market expert Stuart will analyze forex, commodity and stock markets. Traders of all levels of experience can learn from this opportunity to ask questions about analysis, trading, risk management and future trading setups. * Watch Stuart analyze the markets in real time * Learn how professionals approach analysis and trading * Get your trading questions answered live Instructor: Stuart Cowell, HotForex’s Senior Analyst 06 December, 11:00 AM GMT: Forex and Correlations to Other Markets Learn how interconnected the financial markets are and why the FX market is so important; WHY it’s important to appreciate the other markets that move our currency pairs and the correlations between seemingly unrelated events and news. * Why does good news cause a currency to fall? * What are Bonds and why are they so important? * How do Commodities, Equities, Trades, & Takeovers impact the Forex market? Instructor: Stuart Cowell, HotForex’s Senior Analyst 07 December, 12:00 PM: Scalping Strategies Explained Senior trader and forex researcher, Kay will be your host for this dedicated webinar on forex scalping strategies. Find out how the two main methods of currency trading strategies are used in scalping in a session that will cover: * Price action vs. mean reversion in scalping * Example of a powerful scalping strategy * How to manage risk Instructor: Kay, BlueSkyForex 12 December, 11:00 AM GMT: Live Analysis In this live analysis webinar, our market analyst Andria will analyze forex, commodity and stock markets. This is a great learning opportunity for both new and proficient traders as you can ask all your questions on analysis, trading and risk management and find trading setups for the coming days. * Watch as Stuart analyzes forex, commodity and stock markets in real time * Learn how professional traders approach analysis and trading * Get your trading questions answered live Instructor: Stuart Cowell, HotForex’s Senior Analyst 13 December, 11:00 AM GMT: Trading Intraday with Pivot Points Today Andria will explain the origins of Pivot Point Analysis. Join her to find out what pivot points are, why this technical analysis indicator is such a powerful and useful intraday trading tool and how to use it to spot possible market movements over different time frames. * The keys of support and resistance * Time frames * How effective S1,2,3 and R1,2,3 can be Instructor: Andria Pichidi, HotForex’s Analyst 14 December, 12:00 PM GMT: Indicator Crossovers Using trade indicators in order to identify opportunities in financial trading is a challenge that may seem difficult at first but can turn out to be profitable when you learn to identify the proper signs. In this webinar we will be discussing: * How to use a moving average crossover * Crossovers in other indicators * Combining crossovers to identify opportunities Instructor: Kay, BlueSkyForex 19 December, 11:00 AM GMT: Money Management in Forex In this live analysis webinar, our market expert Stuart will analyze forex, commodity and stock markets. Traders of all levels of experience can learn from this opportunity to ask questions about analysis, trading, risk management and future trading setups. * Watch Stuart analyze the markets in real time * Learn how professionals approach analysis and trading * Get your trading questions answered live Instructor: Stuart Cowell, HotForex’s Senior Analyst If you have any questions, comments or feedback, please do not hesitate to contact our dedicated Customer Support Team via myHotForex, live chat, or by email [email protected] Best Regards, The HotForex Support Team *Please Note: Places are limited and we cannot guarantee availability. On the day of the Webinar, make sure to dial in or login on time using the instructions in the confirmation email you receive following registration. When the maximum number of attendees is reached, no further registrants will be able to join.
  13. Date : 4th December 2017. MACRO EVENTS & NEWS OF 4th December 2017.FX News TodayThe collision of two opposing forces on Friday put the markets in a lather as the Senate tax cut bill garnered sufficient momentum to pass by the skin of McConnell’s teeth, but offset by news that former Trump advisor Flynn plans to plead out to lying to the FBI and indicate he was directed (by someone) to contact the Russians. According to several reports, that “someone” now appears to have been Trump’s son-in-law Kushner, who has meanwhile been invited back before the Senate Intelligence panel. At least in the short-term, this was a clear victory for volatility for a change, which was one of the main beneficiaries, contributing to large swings in stocks, yields and the dollar. It seems that December has begun with a bang and the last month of the year is certainly setting up to be an eventful one ahead of the holidays and before we close out 2017United States: The U.S. economic calendar will feature a steady drumbeat of factory, trade, ISM services, ADP, productivity and credit data all setting the table for the main course on Friday — the jobs report. November non-farm payrolls are expected to increase by 260k, with a 250k private payroll gain following the October 261k print. Factory goods orders are forecast (Monday) to rise 0.2% for October after a 1.5% gain in September. The trade deficit is expected (Tuesday) to widen to -$47.5 bln in October vs -$43.5 bln, while ISM Non-Manufacturing index is set to slip to a still-respectable 59.0 in November from 60.1. The MBA mortgage market indices are due (Wednesday),along with the release of the private ADP employment survey. Q3 productivity is expected to increase 3.3% vs 3.0% in Q2 (Wednesday), allowing unit labor costs to slip 0.1% from 0.5%. Initial jobless claims may slip 2k to 236k for the December 2 week (Thursday). Rounding out the week after the payrolls report (Friday) will be preliminary Michigan sentiment and wholesale trade.Canada: The BoC’s announcement (Wednesday) is the focus this week. No change is expected in the current 1.00% rate setting. Taking into consideration ongoing uncertainty over NAFTA and the Bank’s desire to gauge the impact of this year’s 50 bp in hikes and upcoming mortgage rule changes, the next hike is anticipated in March at 25 basis point move. Meanwhile, a busy data calendar is on tap this week. The October trade deficit (Tuesday) is expected to narrow to -C$2.6 bln from -C$3.2 bln in September. Productivity(Wednesday) is expected to contract 0.5% (q/q, sa) in Q3 after the 0.1% dip in Q2, as hours worked growth remained firm but output growth slowed sharply. Building permits (Thursday) are expected to fall 1.0% in October after the 3.8% gain in September. Housing starts (Friday) are projected to slow to a 215.0k unit growth rate in November from the 222.8k growth clip in October. Capacity utilization (Friday) is on track to improve to 85.1% in Q3 from 85.0% in Q2.Europe: Political events move to the forefront again, as U.K. Prime Minister May is set to meet EU’s Juncker and Barnier on Mondayand Germany’s Social Democrats are inching closer towards formal coalition talks with Chancellor Merkel and her CDU/CSU alliance. SPD leader Schulz has a chance to put the issue to a vote at a party conference this week but as the last round of coalition talks showed, even the start of formal negotiations would not secure that there will be a deal at the end. Data releases this week are expected to confirm the stronger than expected growth trajectory. The final reading of the November Eurozone Services PMI(Tuesday) is expected to be confirmed at 56.2, with companies reporting swift job creation, but also a buildup of inflationary pressures that will add to the arguments of the hawks at the ECB. German October manufacturing orders (Wednesday) may be expected to correct -0.2% m/m , after the rise of 1.0% m/m in the previous month, but the overall trend remains very strong. Meanwhile German industrial production should still benefit from the robust rise in orders in previous months and is expected to have expanded 1.0% m/m in October. The data calendar also includes German trade data, French production, Eurozone retail sales and producer price inflation. Supply comes from Germany, with a EUR 2 bln 10-year Bund auction scheduled for Wednesday.UK: Monday’s meeting between British PM May and top EU officials will draw a lot of attention, as this is the juncture when an agreement on divorcing terms is now widely expected to be announced. The pound rallied by over 1% last week at the prompt of media reports suggest that both the UK and the EU have reached a concord with both the final financial settlement Britain will pay before leaving, to square exiting obligations, and the Irish border issue — the two thorniest issues of the three issues that comprise the overall divorcing arrangements (the other being the rights of EU and British citizens living in each other’s territory). Should this prove the case, talks on a post-Brexit trading relationship can begin, along with the possibility of a transitory period.The data calendar this week is highlighted by the release of the construction and service-sector PMI November surveys (Mondayand Tuesday, respectively). These will follow the much stronger than expected November PMI report for the manufacturing sector, released on Friday, which has offered fresh evidence of the impact that a competitive exchange rate and rising European demand have been having on the sector. Production and trade figures for October are also due on Friday.Japan: In Japan, November services PMI (Tuesday) is penciled in edging up to 53.5 from 53.4 previously. Revised Q3 GDP (Friday)is forecast to improve to a 1.6% y/y pace, from the initial 1.4% reading. Also, the October current account surplus is seen narrowing to JPY 1,700 bln from 2,271 bln in September. November bank loan figures are also on deck Friday.China: China November Caixin/Markit services PMI (Tuesday) is forecast at 51.5 from 51.2, while the November trade report(Friday) should see the surplus narrow to $35.0 bln from $38.2 bln. November CPI and PPI (Saturday) should show some slowing in inflation and we estimate the former at a 1.7% y/y clip from 1.9%, and 5.9% y/y from 6.9% for the latter.Australia: The RBA is seen holding rates steady at the current 1.50% rate setting (Tuesday). The Q3 current account deficit(Tuesday) is seen narrowing to -A$9.0 bln from -A$9.6 bln. Retail sales (Tuesday) are expected to expand 0.3% m/m in October after the flat reading in September. GDP (Wednesday) is expected grow with a 0.5% gain (q/q, sa) in Q3 after the 0.8% improvement in Q2. The trade surplus (Thursday) is anticipated at A$1.9 bln in October from A$1.7 bln in September. Housing investment(Friday) is expected to rise 2.0% m/m in October after the 2.3% drop in September.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. 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  14. Date : 1st December 2017. MACRO EVENTS & NEWS OF 1st December 2017.FX News TodayEuropean Outlook: Asian stock markets traded mostly higher as tech stocks recovered on Wall Street and key oil exporting countries agreed to extend production cuts. Hang Seng and CSI 300 underperforming once again, after a weak Caixin manufacturing PMI reading. U.K. and U.S. stock futures are in the red, however, Japanese and U.S. long yields are down. Meanwhie, WTI crude languishes at the bottom of its intra day range, trading just above the $57.00 mark, as OPEC and Russia agrees to continue output caps through the end of 2018. The agreement will reportedly be reviewed in June of next year. This was the outcome most had been looking for, though with the market still overweight on the long side, profit taking may keep further gains out of reach until positioning returns to a more neutral state. Today’s calendar has final Eurozone manufacturing PMI readings for November, which are not expected to bring major surprises and confirm preliminary readings. The U.K. CIPS manufacturing meanwhile is sseen steady at 56.5, unchanged from October.FX Action: USDJPY edged out an 11-day high of 112.69 in the early Asia-Pacific session, and has since remained buoyant. This makes it the fourth consecutive day the pair has risen. Yen weakness has been driving the move. EURJPY logged a four-month high, at 134.29, GBPJPY a two-month high of 152.52, and AUDJPY a 10-day peak. A flood of data releases were seen today out of Japan, the more salient of which from a monetary policymaker perspective, was that inflation remains benign, with the October CPI headline coming in a just 0.2% y/y and the core CPI version at 0.8% y/y, well off the 2.0% BoJ target. Other data included a solid outcome in the November manufacturing PMI, which rose to a 53.6 reading from 52.8 in the month prior, its best in 44 months. Capital expenditure rose a solid 4.3% q/q in Q3, while labour data showed that the job to applicant ratio rose to its highest since January 1974.Main Macro Events Today EU & German Manuf. PMI – Expectations – rise by 0.2% for November from 0.9% seen in October. Canadian GDP – Expectations – slowdown to a 1.6% Q3 pace of real GDP growth (q/q, saar) from the 4.5% growth rate in Q2. Canadian Employment Data – Expectations – improve by 20.0k in November after the the 35.3k gain in October US ISM Manuf. PMI – Expectations – slip to 58.4 from 58.7 for November. Charts of the DayAlways 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.
  15. Date : 30th November 2017. MACRO EVENTS & NEWS OF 30th November 2017.FX News TodayEuropean Outlook: The global sell off in tech stocks continued in Asia, Japanese markets managed to outperform, underpinned by financials and the Nikkei managed a gain of nearly 0.6%, but the Hang Seng dropped 1.5%, the CSI 300 1.3% and the ASX declined 0.69%, after the government announced an inquiry into banks. South Korean listed shares dropped after the central bank hiked interest rates. UK100 futures are heading south, U.S. futures are narrowly mixed. Data releases in Europe include Eurozone jobless numbers and most importantly preliminary Eurozone HICP readings for November.Sterling continued has extended its ascent into a third day, with Cable punching out a fresh two-month high of 1.3480 and EURGBP plumbing a three-week low. Reports continue to point to a deal-in-the-works between the EU and the UK on the final financial settlement, and there is also raised hopes that an agreement will be made on the Irish border issue (and so avoid the spectre of a Dublin veto). Elsewhere, EURUSD has remained buoyant, although has thus far remained below yesterday’s peak at 1.1882. USDJPY rose for a third straight session, logging an 11-day peak of 111.24. This is the biggest rebound the pair has seen in four weeks, marking a break in the down phase that’s been in place since November (both breaking above and closing above trend resistance yesterday). Strong gains have also been seen in EURJPY, which is up nearly 1% over the last day, along with GBPJPY, which has surged by nearly 2% over the last two days. The yen, which is generally regarded as the safe haven currency of choice, has clearly not been in demand despite the haemorrhage in tech stocks over the last day, and concerns about North Korea’s ongoing development of ICBM capability.Main Macro Events Today EU CPI – Expectations – rise by 0.2% for November from 0.9% seen in October. EU Unemployment Rate – Expectations – Unchanged at 8.9% for October US Unemployment Claims and PCE – Expectations –Unemployment Claims expected at 240K from 239K seen last week, while core PCE expected to rise to 0.2% m/m from 0.1%. Last day of OPEC meeting Charts of the DaySupport and Resistance LevelsAlways 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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