Jump to content

Market Analysis And News by Hotforex.com

Rate this topic


Recommended Posts

Β 

Date : 16th October 2018.

MACRO EVENTS & NEWS OF 16th October 2018.


[IMG]

FX News Today

Asian Market Wrap:Β 10-year Treasury yields are up 1.5 bp at 3.171% and JGB yields rose 1.0 bp to 0.142%. Bond yields are resuming their uptrend as stock market sentiment stabilized during the Asian session, although Oil prices are rising as Saudi tensions spike limited gains. There are also concerns over China’s GDP data later in the week, which markets fear will show the impact of US-Sino trade tensions. Japanese markets managed to bounce back from the 19-months low yesterday as Topix and Nikkei are up 0.13% and 0.41% respectively. The ASX is up 0.56% but the Hang Seng has lost -0.09% so far and the CSI -0.13% and Shanghai Comp and Shenzen Comp are down -0.14% and -0.21% respectively. US futures are moving higher though, in line with the overall improving trend in Asia. The front end Nymex future is trading slightly under USD 72 per barrel.

European Fixed Income Outlook: The 10-year Bund future opened at 158.49, down from a close of 158.59 on Monday. The 10-year cash yield is also down -0.3 bp at 0.497% in the opening session after an unexpected dip in German import price inflation at the start of the session. Generally, global bonds are back under pressure as stock market sentiment stabilized during the Asian session and 10-year Treasury rates are up 1.1 bp at 3.1675. The stalled Brexit talks, as well increased spending targets in Italy and now Spain remain in focus as does the fallout from the Bavarian election on the central government in Berlin. The data calendar focuses on UK labour market data as well as German ZEW investor confidence, with the latter expected to fall slightly.

Charts of the Day

[IMG]

Main Macro Events Today

  • UK Labour Market Data – Expectations – The UK Unemployment rate is expected to remain flat at 4%, while Average Earnings should increase by 2.8% in August, compared to 2.9% in July.
  • US Industrial Production and Capacity Utilization – Expectations – Industrial Production is expected to have increased by 0.3% in September, and Capacity Utilization to have increased to 78.2% compared to 78.1% in August.

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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
Β This material is provided as a general marketing communication for information pThis 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.

Link to comment
Share on other sites

Β 

Date : 17th October 2018.

MACRO EVENTS & NEWS OF 17th October 2018.


[IMG]

FX News Today

Asian Market Wrap:Β 10-year Treasury and JGB yields gained 0.2 bp each and are trading at 3.165% and 0142% respectively, but despite broad gains on Asian stock markets, Treasuries are down from earlier highs and most government bonds in Asia managed to move higher.Japanese bourses continued to bounce in the wake of the tech stock recovery in the US yesterday, and with earnings from the likes of Goldman Sachs and Netflix adding support. Topix and Nikkei are up 1.35% and 1.05%. The ASX also managed a strong 1.12% gain, but Chinese bourses are underperforming. Hong Kong was closed today. US stock futures are actually posting slight losses, highlighting not only that stocks still have a way to go before they have recouped last week’s losses, but also that sentiment is still fragile as investors struggle with the sharp rise in yields. Markets are now looking ahead to today’s release of the minutes from the last Fed meeting. The local calendar was quiet and Oil prices are trading around the USD 72 per barrel mark, after the unexpected drop in American crude stockpiles and as investors keep a nervous eye on simmering tensions between the US and Saudi Arabia over the missing journalist. For now, Trump seems to be giving Saudi Arabia the benefit of the doubt.

FX Action:Β USDJPY posted a 3-session high at 112.42 before settling around 112.14. AUDJPY posted a 1-week high before ebbing back, while the likes of EURJPY and GBPJPY have remained below their respective highs from yesterday, although also running higher during the Tokyo AM session. The weakness of the Yen has been concomitant with an improvement in risk appetite, with Wall Street closing solidly higher following a tech-led rally founded on encouraging earnings reports and stock markets in Asian, outside of China, following suit. The Nikkei 225 is showing a 1.3% gain, while China’s SSE index is down by 0.7% on nagging concerns about the impact of the US-China trade war. USDJPY has been in a choppy range rooted on the 112.00 level for nearly a week now, consolidating after dropping back from levels near 114.50 in the week before. Fundamentals (yield differentials and the associated contrast between Fed and BoJ policy paths) remain supportive, but the spectre of risk aversion has been an offsetting bearish force.

Charts of the Day

[IMG]

Main Macro Events Today

  • UK Sep CPI – Expectations – The UK inflation is anticipated to headline CPI dipping to 2.6% y/y in September from 2.7% in the month prior, with the core CPI figure ebbing to a 2.0% y/y rate from 2.1% in August.
  • EU 27-Summit on Brexit – European Union leaders are expected to meet in Brussels to discuss a possible Brexit deal with Britain, over dinner.
  • Eurozone Sept. HICP – Expectations –The final reading of September Eurozone HICP is unlikely to hold any surprise and confirm the headline rate at 2.1% y/y, above the ECB’s 2% limit for price stability, but mainly due to higher energy and food price inflation.
  • US Sept. Housing starts, Permits & EIA inventories – Expectations – They are forecast to drop 2.5% to 1.250 mln, while permits should rise 2.5% to 1.280 mln. Also slated are MBA mortgage stats. All of the September housing data are at risk for a hit from hurricane Florence. EIA energy inventory data is on tap too.
  • FOMC Meeting Minutes – The FOMC minutes will provide an assessment as regards the views of the Fed’s policymakers about the interest-setter’s future stance.

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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer:
Β This material is provided as a general marketing communication for information pThis 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.

Link to comment
Share on other sites

Β 

Date : 24th October 2018.

MACRO EVENTS & NEWS OF 24th October 2018.


[IMG]

FX News Today

European Fixed Income Outlook:Β 10-year Bund yields are up 1.0 bp at 0.416% in opening trade, versus losses in Treasury and JGB yields, although the US 10-year is up from yesterday’s lows and an early rebound in BTPs is adding pressure on Bunds at the open. Stock market sentiment also started to stabilise during the Asian session, although Chinese markets have already started to erase early gains and while CSI 300 and SSE are still hanging on to gains of 0.42% and 0.51% respectively, the Shenzhen is already back into negative territory. Market sentiment remains cautious then and likely prone to setbacks amid geopolitical tensions and concerns about the impact of tightening financial conditions. Italy’s budget spat with the Commission and Brexit talks will remain in focus. The European data releases today include preliminary PMI readings for the Eurozone, with the manufacturing PMI seen dipping to 53.0 from September’s 53.2, while the services reading is seen falling back to 54.5 from 54.7. The Eurozone also has M3 money supply growth and the UK releases data on mortgage approvals.

Charts of the Day

[IMG]

Main Macro Events Today

  • Eurozone manufacturing PMI – Expectations – EMU PMIs are expected to decline to 53.0 from September’s 53.2, while the services reading is seen falling back to 54.5 (median 54.4) from 54.7.
  • US New home sales – Expectations – September new home sales are estimated rising 0.5% to 632k, after bouncing 3.5% in August from declines in the previous two months.
  • BOC Rate Statement – Expectations – A 25 bp hike to 1.75% is widely expected. Also, Governor Poloz and Senior Deputy Governor Wilkins will hold a press conference from 15:15 GMT. For the whole story read ourΒ article.

Support and Resistance Levels

[IMG]

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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer:
Β 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.

Link to comment
Share on other sites

Β 

Date : 25th October 2018.

MACRO EVENTS & NEWS OF 25th October 2018.


[IMG]

FX News Today

European Fixed Income Outlook:Β 10-year Bund yields are down -1.7 bp at 0.376% in opening trade, Treasury yields have fallen back to just over 3.1% in the wake of the ongoing market rout, while 10-year JGBs are down -1.6 bp at 0.105%. US markets wiped out this year’s gains yesterday, Asian stocks markets are also sharply lower, while US futures are stabilising and UK futures are pointing to further losses in Europe. In this environment Draghi is likely to sound cautious at today’s press conference even as the ECB is set to confirm the phasing out of net asset purchases by the end of the year. The rate guidance will likely remain unchanged, with no hike planned until after the summer of 2019 at the earliest. Norges Bank is also expected to keep rates unchanged today, while data releases including the German Ifo survey and the UK CBI retailing survey come with the risk to the downside.

Asian Market Wrap:Β US Treasury yields have moved up slightly from lows and are up 0.4 bp on the day at 3.107%, still considerably below recent highs after yesterday’s tech stock driven rout on US markets was followed by further losses in Asia. JGB yields corrected -1.4 bp and are at 0.107%, after the NASDAQ closed down -4.4% yesterday and U.S. stocks wiped out this year’s gains after mixed earnings reports from the likes of AT&T and Texas Instruments. In Asia Topix and Nikkei dropped -2.8% and -3.5% respectively. The Hang Seng lost nearly 2% so far and Shanghai and Shenzhen bourses wiped out -1.385 and -1.92%, while the ASX declined -2.8%. The MSCI Asia Pacific Index was pushed deeper into a bear market. Concerns that the earnings momentum is levelling off and that tighter financial conditions, coupled with ongoing trade tensions are hitting the global growth outlook are prompting investors to rethink lofty equity valuations. There are plenty of geopolitical risks from the Kashoggi fallout to the prospect of a fresh arms race between the US and Russia. US futures are marginally higher, leaving some chance that US markets will at least try to stabilise today.

Charts of the Day

[IMG]

Main Macro Events Today

  • ECB Interest Rate Decision – Expectations – ECB is not expected to change its interest rate, as per the guidance it has offered in the latest ECB Report.
  • US Durable Goods Orders- Expectations – US Durable Goods Orders excl. Transportation are expected to continue their increase by 0.3%, compared to an increase of 0.1% last month.
  • Pending Home Sales – Expectations – Pending home sales are expected to have decreased by 0.1% compared to a 1.8% decrease last month.

Support and Resistance Levels

[IMG]

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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Dr Nektarios Michail
Market Analyst
HotForex

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

Link to comment
Share on other sites

Date : 26th October 2018.

MACRO EVENTS & NEWS OF 26th October 2018.


[IMG]

FX News Today

FX Update:Β The Yen has traded with a firming bias while the Australian Dollar and other Dollar bloc currencies have underperformed amid fresh risk aversion in global markets. USDJPY has drifted to the lower 112.0s, approaching the 11-day low seen on Wednesday at 111.82, while EURJPY ebbed to a two-month low and AUDJPY to a fresh six-week low, reflecting renewed safe haven demand for the Japanese currency as stock markets in Asia, and U.S. equity index futures, flagged soft revenue and guidance from Amazon and Google. USA500 futures were showing a 0.9% loss, nearly halving the regular-session gain the cash USA00 index saw on Wall Street yesterday. The JPN225, meanwhile, closed 0.4% for the worse. The PBoC set the USDCNY reference rate at 6.9510, the highest fixing since 2016 and up from 6.9492 yesterday. In data, the October Tokyo CPI figure met expectations at 1.5% y/y. EURUSD has found a toehold after printing a two-month low late yesterday at 1.1356 following ECB President Draghi’s dialing down of hawkishness at yesterday’s post-policy meeting press conference.

Asian Market Wrap:Β 10-year Treasury yields are down -2.1 bp at 3.096%, 10-year JGB yields lost a further -0.3 bp and are at 0.102%. Stock markets started mostly higher during the Asian session after a strong close on Wall Street, but many indices struggled to hang on to gains. U.S. futures are also heading south again as Amazon and Alphabet results dented optimism for tech stocks once again. As of 5:20GMT Topix and Nikkei were down -0.05% and -0.16% respectively. The Hang Seng Was down -0.88%, Shanghai and Shenzhen bourses lost -0.46% and -0.21% while the ASX managed a marginal 0.02% gain. Volatility seems to remain the order of the day amid the multitude of geopolitical risks and amid concerns that earnings have peaked and will increasingly reflect the impact of trade tensions.

Charts of the Day

[IMG]

Main Macro Events Today

  • US Real GDP – Expectations – The most important figure on the US is expected to come out at 3.3% at an annualized rate, down from 4.2% last quarter, also on account of the Fed rate hikes and the hurricane season.
  • US Personal Consumption Expenditures Prices – Expectations – The Fed’s favourite inflation measure is expected to remain stable at 2%, right on the Fed target.
  • Draghi Speech – Expectations – The ECB President is expected to speak at the National Bank of Belgium.

Support and Resistance Levels

[IMG]

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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
Β 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.

Link to comment
Share on other sites

Date : 29th October 2018.

MACRO EVENTS & NEWS OF 29th October 2018.


[IMG]

Main Macro Events This Week

The hand-off to November may not be a smooth one judging by the recent swings in sentiment and determination by the Fed to continue tightening. US employment data will take top billing with a week to go until the FOMC meeting, though it is expected to bounce back from hurricane-depressed levels. The earnings calendar remains a full one, with potential tricks or treats hiding in the weeds of the corporate reports. And there are midterm elections lurking just ahead. Asia will digest a heavy dose of month-end data from Japan, along with the BoJ meeting, though no change is expected there. China PMIs could highlight slowdown risks in the region as well. Budget struggles in Italy and rising tension with the EU remain in the spotlight, along with the potential for leadership showdowns in Germany and the UK, as Brexit negotiations, terms and approval remain far from certain. Similar to the more cautious tone from ECB’s Draghi, who is facing a lorry load of political risks, BoE MPC is expected to hold its repo and QE settings intact.

United States:Β The markets will absorb a slew of top tier US releases just ahead of the November 7-8 FOMC meeting. Top of the economic calendar will be the October Payrolls reportΒ (Friday),estimated to rise 200k, after a hurricane-depressed 134k reading in September. Personal income is expected to reach a 0.3% gain in SeptemberΒ (Monday)Β after a similar pace in the prior two months and in line with the implied gain in wages from the September employment report. Case-Shiller home prices for August are dueΒ (Tuesday),Β along with consumer confidence. MBA mortgage market dataΒ (Wednesday)is due, the ADP Employment survey is seen +215k for October vs +230k and the Employment Cost Index (ECI) is expected to rise 0.8% in Q3, shifting up from a gain of 0.6% in Q2. Chicago PMI is seen in a holding patternΒ (Wednesday)Β near 60.5 in October.

Initial jobless claims are estimated to slip 2k to 213k in the week ended October 27Β (Thursday),following a 5k rise to 215k in the week of October 20, while nonfarm productivity is expected to slow to a 2.4% pace in Q3, following a firm 2.9% gain in Q2 that should be revised up to 3.0%. The ISM index is estimated to slip to 59.4 in OctoberΒ (Thursday),Β from 59.8 in September and a 14-year high of 61.4 in August. Vehicle sales are forecast to slow to a still-strong 17.2 mln pace in OctoberΒ (Thursday),Β after a 4.5% surge to 17.4 mln in September. Rounding out the week will be trade deficitΒ (Friday),Β forecast to widen to -$54.1 bln in September from -$53.2 bln and factory orders, expected to rise 0.5% in September, after a 2.4% jump in August.

Canada:Β August GDPΒ (Wednesday)Β is expected to expand 0.1% (m/m, sa) after the 0.2% gain in July, which would keep growth on track for the 2.0% pace. October employmentΒ (Friday)Β is projected to expand 25.0k after the 63.3k surge in September. The Trade BalanceΒ (Friday)Β is expected at C$0.4 bln from the C$0.5 bln surplus in August. The Industrial Product Price Index for October is due onΒ Wednesday.Β The Markit Canada manufacturing PMI for October is scheduled for release onΒ Thursday.Β Bank of Canada Governor Poloz and Senior Deputy Governor Wilkins appear at the House of Commons Standing Committee on FinanceΒ (Tuesday).Β Poloz and Wilkins address the Standing Senate Committee on Banking, Trade and CommerceΒ (Wednesday).

Europe:Β The data calendar is very busy. Despite the mixed confidence data the flash reading of Eurozone Q3 GDP growthΒ (Tuesday)Β is expected to come in at 0.4% q/q, unchanged from Q2, largely thanks to a recovery in France. Widespread strike action had cut French GDP growth to just 0.2% q/q in Q2, and with peace restored the economic expansion is expected at 0.4% q/q in Q3, which should help to compensate for the likely weaker number out of Germany, which will be released later in the month. Looking ahead, PMI and Ifo surveys are pointing to weaker conditions in Q4 and against that background, the European Commission’s October ESI Economic Confidence IndicatorΒ (Tuesday)Β is expected to fall back to 110.3 from 110.9 in September.

Growth momentum may be slowing, but against that background a further decline is expected in the seasonally adjusted German jobless number of -10K, which should leave the October jobless rate at a record low of 5.1%. The overall Eurozone rate for SeptemberΒ (Wednesday)Β meanwhile is seen falling back to 8.0% (8.1%) from 8.1% in the previous month. Wage growth is also finally picking up, thanks to higher negotiated wages. The preliminary reading of October German HICPΒ (Tuesday)Β is anticipated to come in at 2.3% y/y, a little faster than September’s 2.2% y/y clip, while overall Eurozone HICPΒ (Wednesday)Β seen lifting to 2.2% y/y from 2.1% y/y in September. Underlying inflation is also expected to rise as base effects from changes to education charges in Italy that have kept the Italian rate low over the past year, will finally fall out of the equation with the October number.

UK:Β The BoE’s Monetary Policy Committee gathers this week for its November meeting (announcingΒ Thursday),Β where no changes to either the repo rate or QE settings are widely expected. The central bank’s quarterly Inflation Report will provide updated projections on inflation and growth, which are expected to be little changed from the previous report in August.

The data calendar this week is busy, featuring September reports from the BoE on lending and money supplyΒ (Monday),the October CBI’s distributive sales surveyΒ (Tuesday),Β October Gfk consumer confidenceΒ (Wednesday),Β Markit’s October surveys for Manufacturing and Construction (dueΒ ThursdayΒ andΒ Friday,Β respectively). The data carries little market-impacting potential at the current juncture with sentiment formation hinging on Brexit and global events.

Japan:Β BoJ concludes its 2-day meeting onΒ Wednesday,Β and is expected to keep policy unchanged. Governor Kuroda’s press conference will be monitored for his outlooks and guidance. As for data, September unemploymentΒ (Tuesday)Β is expected steady at 2.4%, while the job offerers /seekers should be unchanged at 1.63. September industrial productionΒ (Wednesday)Β is forecast contracting to a -1.5% y/y clip from 0.2%. October Consumer Confidence, September Housing Starts, and September Construction OrdersΒ (Wednesday)Β round out the month’s reports. The October manufacturing PMI will be released onΒ Thursday,Β along with October auto sales.

Australia:Β Building approvalsΒ (Tuesday)Β are expected to rebound 6.0% in September after the 9.4% drop in August. CPIΒ (Wednesday)Β is seen expanding at a 0.6% pace in Q3 (q/q) after the 0.4% rise in Q2. CPI is projected at a 2.0% y/y growth rate in Q3, slowing slightly from the 2.1% clip in Q2. The trimmed mean and weighted median CPI, both measures of β€œcore” inflation, are expected to repeat the 1.9% y/y growth rates seen in Q2. The trade surplusΒ (Thursday)Β is projected to narrow to A$1,400 mln in September from the A$1,604 mln surplus in August. Retail salesΒ (Friday)Β are expected to grow 0.4% in September (m/m) after the 0.3% rise in August. The import and export price indexes for Q3 are dueΒ Thursday,Β while Q3 PPI is dueΒ Friday.Β Reserve Bank of Australia Assistant Governor (Financial System) Michele Bullock speaks at the 10th Annual Commonwealth Bank Global Markets Conference in SydneyΒ (Tuesday).

New Zealand:Β The calendar has September building permitsΒ (Wednesday).Β There is nothing from the RBNZ this week. The next meeting isΒ November 8.
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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.Β 

Andria Pichidi
Market Analyst
HotForex

Disclaimer:
Β 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.

Link to comment
Share on other sites

Β 

Date : 30th October 2018.

MACRO EVENTS & NEWS OF 30th October 2018.


[IMG]

FX News Today

European Fixed Income Outlook:Β 10-year Bund yields are up 0.4 bp at 0.379% in opening trade, in tandem with but outperforming the rise in long rates in the US and Japan. BTPs continue to outperform at the start of the session. Stock market sentiment picked up in Asia, and US futures are moving higher, although UK futures are heading south and there is still plenty, from Brexit to Italy’s budget spat to the risk of political instability in Germany to cloud over sentiment, although a very busy economic calendar today will also demand attention. Already released French GDP came in at 0.4% q/q, leaving the overall Euro Area number today on course to also come in at 0.4% q/q, unchanged from Q2. German jobless numbers, as well as preliminary HICP inflation are also due, as is the ESI economic sentiment indicator, the Swiss Kof leading indicator and the UK CBI industrial trends survey.

Asian Market Wrap:Β 10-year Treasury yields are up 1.5 bp at 3.10% and 10-year JGB rates climbed 1.2 bp to 0.108% as stock market sentiment improved. Comments from US President Trump, who spoke about a β€œgreat” deal with China helped to dampen concerns about earlier reports that the US is preparing to put tariffs on all imports from China. Trump also told Fox news that he didn’t think that Beijing was ready for a deal yet, and the Yuan dropped to the lowest level since May 2008 after the PBC cut its daily fixing and amid concerns of a further escalation of the trade war. Shanghai and Shenzhen managed to recoup early losses and charge higher, with indices currently up 1.30% and 1.24% respectively. The Hang Seng underperformed and fell back -0.24%, while Japanese markets got a further boost from a weaker Yen, with Topix and Nikkei up 1.46% and 1.44% respectively. The ASX gained 1.34% and US stock futures are also broadly higher. Oil prices are little changed and the front end Nymex future is trading slightly above USD 67 per barrel.

Charts of the Day

[IMG]

Main Macro Events Today

  • Euro Area Real GDP – Expectations – The most important figure of the Euro Area economy is expected to come out at 1.8% y/y, down from 2.1% last quarter on account of higher uncertainty about Italy’s budget, but still very robust.
  • Conference Board Consumer Confidence – Expectations – The CB Index is expected to come out at 136.3 compared to 138.4 last month, suggesting a weak deterioration, albeit still remaining at high levels.

Support and Resistance Levels
[IMG]

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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
Β 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.

Link to comment
Share on other sites

Date : 31st October 2018.

MACRO EVENTS & NEWS OF 31st October 2018.


[IMG]

FX News Today

Asian Market Wrap: 10-year Treasury yields are up 1.3 bp at 3.136%, the 10-year JGB yield is up 0.5 bp at 0.115%. BoJ left policy unchanged and kept the 10-year bond yield target at about zero as the revised forecasts show inflation below target for years to come. Inflation came in lower than expected in Australia, and China’s manufacturing activity is feeling the strain of the trade war with the US and the manufacturing PMI fell back to just 50.2, effectively signalling stagnation. Despite this Asian stock markets moved mostly higher and are bound to end the month on a more positive note, although this is still to be the worst month for global equities in more than 6 years. China’s overnight Repo rate surged amid official efforts to stem bets against the Yuan. Earnings reports remain in focus ahead of Apple results and Friday’s US jobs reports. Buyers may be attracted by cheaper valuations, but trade concerns continue to cloud over sentiment. Topix and Nikkei are up 2.15% and 2.16% respectively, the Hang Seng gained 0.99% and Shanghai and Shenzhen Comp are up 1.26% and 1.48%. The ASX underperformed, but is also up 0.43%, as are US stock futures.

European Fixed Income Outlook:Β December 10-year Bund future opened at 160.20, down from a close of 160.44 yesterday. The 10-year cash yield is up 1.1 bp at 0.378% in opening trade, despite weaker than expected German retail sales data at the start of the session. BTPs are coming back from yesterday’s slump and the reversal of safe haven flows are adding to the general trend of rising yields at the long end as stock markets seem intent on ending a disastrous month on a more positive note. Treasury and JGB yields also moved higher, UK stock futures are rising with US futures after a largely positive session in Asia. Today’s calendar still has Eurozone inflation and labour market data as well as ECB speakers and Spanish GDP numbers.

Charts of the Day

[IMG]

Main Macro Events Today

  • Euro CPI and Core – Expectations – Eurozone HICP seen lifting to 2.2% y/y from 2.1% y/y in September. Underlying inflation is also expected to rise as base effects from changes to education charges in Italy that have kept the Italian rate low over the past year, will finally fall out of the equation with the October number.
  • Canadian GDP – Expectations – The August GDP is expected to expand 0.1% (m/m, sa) after the 0.2% gain in July.
  • Crude Oil Inventories – Expectations – It is expected to fall to 3.6M barrels from 6.3M last week.
  • US ADP Employment Change – Expectations – The ADP employment survey is seen +215k for October vs +230k and the Employment Cost Index (ECI) is expected to rise 0.8% in Q3, shifting up from a gain of 0.6% in Q2. Chicago PMI is seen in a holding pattern near 60.5 in October.

Support and Resistance Levels
[IMG]

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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer:Β 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.

Link to comment
Share on other sites

Β 

Date : 1st November 2018.

MACRO EVENTS & NEWS OF 1st November 2018.


[IMG]

FX News Today

European Fixed Income Outlook:Β The December 10-year Bund future opened at 160.23 marginally down from the close of 160.26 yesterday. 10-year Bund yields are down -0.3 bp at 0.380% in opening trade, 10-year JGB yields are down 0.5 bp, while Treasury rates climbed 1.0 bp to 3.115%. The month end recovery on stock markets started to fray at the edges during the Asian session with Japanese bourses under pressure again and NASDAQ futures also heading south. UK and DAX futures are also pointing to a weaker open in Europe despite reports that the UK and the EU have reached a tentative deal on financial services that would continue to give UK banks access to the European market. The report boosted the Pound, which in turn will likely keep a lid on the FTSE 100 as the focus turns to the BoE announcement. The central bank is widely expected to keep policy unchanged, leaving the focus on the inflation report and updated projections. Released at the start of the session, Nationwide house price data was lacklustre and today’s October manufacturing PMIs are also unlikely to be a reason to cheer, with Euro Area numbers expected to confirm weak preliminary readings and the UK PMI seen falling back markedly.

Asian Market Wrap:Β 10-year Treasury yields moved up 1.0 bp to 3.153% overnight while JGBs recovered early losses and rates fell back -0.2 bp to 0.114%, after Japan tapped 10-year bonds for 2.25 yen. JGBs were also underpinned by losses of -0.85% and -1.06% in Topix and Nikkei, which were led by the telecommunication sector amid concerns over pricing pressures. Signals from China that further stimulus measures are underway helped other markets to move higher, while reports from The Times of London that the UK and the EU have reached a tentative deal on continued access of financial services in the UK to the European market after Brexit, strengthened the Pound and added to the improvement in risk appetite after a strong close on Wall Street yesterday. China’s manufacturing PMI improved marginally to 50.1 from 50.0. Hang Seng and SSE gained 1.42% and 0.13% respectively. The Shenzhen Comp rose 1.08% and the ASX 0.18%. U.S. stock futures are mixed, with the NASDAQ future underperforming. Oil prices are slightly lower and the front end Nymex future is trading at USD 64.93 per barrel.

Charts of the Day

[IMG]

Main Macro Events Today

  • Swiss CPI – Expectations – Inflation in Switzerland is expected to have stood at 1.1% in October, registering a slight increase from 1% in September.
  • BoE Interest Rate Decision – Expectations – Brexit news still drive the Sterling with no changes anticipated for either the interest rate or QE. BoE is likely to repeat that a gradual, 25 bp hike per year, policy is what it is currently following.
  • US Productivity and Unit Labour Costs – Expectations – Productivity is expected to continue its increase, registering a 2% rise compared to last quarter, while labour costs are expected to have increased by 1.2% in Q3.
  • US Manufacturing PMIs – Expectations – The US PMI is expected to come out at 59, compared to 59.8 last month, still suggesting growth, despite its slight decline.

Support and Resistance Levels
[IMG]

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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
Β 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.

Link to comment
Share on other sites

Date : 2nd November 2018.

MACRO EVENTS & NEWS OF 2nd November 2018.


[IMG]

FX News Today

Asian Market Wrap:Β 10-year Treasury yields are up 3.8 bp at 3.168%, 10-year JGB yields jumped 1.2 bp to 0.121% as Asian shares rallied on trade hopes. Bloomberg reported that Trump is seeking to reach a trade deal with China at the G20 meeting in Argentina later this month and has asked officials to begin drafting potential terms, with other reports suggesting that intellectual property rights are a key sticking point. Apple warned that sales for the crucial holiday quarter may miss expectations, but this was shrugged off amid hopes of a trade deal, which together with yesterday’s pledge from Chinese officials to support demand saw Topix and Nikkei gaining 1.64% and 2.56% respectively. The Hang Seng outperformed and was up 3.66% as of 6:08 GMT. The CSI also rose 3% and Shanghai and Shenzhen Comp gained 2.20% and 2.86%. US stock futures are also higher and oil prices reached a high of USD 63.95 per barrel, before falling back to now USD 63.81.

FX Update:Β The Dollar and the Yen have traded generally weaker against most other currencies amid a backdrop of strongly-rebounding global stock markets. An ease between the US and China on trade, along with overall decent corporate earnings, mostly firm US data this week, and a plethora of stock-boosting measures by Beijing, have collectively elicited a rebound in stock markets. USDJPY has recouped to theΒ 113.00Β area, though Yen crosses have generally rallied by bigger magnitudes. The biggest percentage gainer has been AUDJPY, which has gained over 0.7% in what is now its sixth consecutive up day. EURUSD has rallied a third consecutive up day, posting a 9-day high of 1.1440 so far. The AUDUSD pegged a 5-week high at 0.7250, and USDCAD descended to an 8-day low at 1.3053, despite another sharp leg low in oil prices yesterday, which sent WTI benchmark prices to 7-month lows near $63.00.

Charts of the Day


[IMG]

Main Macro Events Today
Β 

  • Euro Manufacturing PMI – Expectations – Eurozone PMI is expected to remain unchanged.
  • UK Construction PMI – Expectations – The October Construction PMI is expected to slip slightly by 52.00 after the 52.1 expansion seen in September.
  • Canadian Employment Change and Trade Balance – Expectations – The employment should post a 15.0k gain in October jobs, following the 63.3k rise in September. The pace of wage growth is expected to slow further. The trade surplus is anticipated to narrow slightly to C$0.4 bln in September from C$0.5 bln in August.
  • US Non-Farm Payrolls – Expectations – The October US employment expect to see a 194k headline for the month with a 195k private employment figure and unemployment holding steady at 3.7% for a second month. No disruption is expected from the landfalls of hurricanes Michael and Florence but the timing of these two events means that the impact on October payrolls will likely be offsetting.

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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex


Disclaimer:Β 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.

Link to comment
Share on other sites

  • 1 month later...

Date : 10th December 2018.

MACRO EVENTS & NEWS OF 10th December 2018.

Economic-week-ahead-696x385.jpg

Main Macro Events This Week

Subpar headline jobs and earnings numbers have not altered expectations for a 25 bp increase in the funds rate band, however, at the upcoming December 18-19 FOMC meeting another tightening is forecast. Also on both the Fed and ECB radar screens are two chronic issues that have plagued Europe and added to market volatility – Brexit and Italy. The UK parliament votes on the May Brexit plan on December 10, while EU leaders hold a summit on December 13-14 and could decide whether to accept any alterations to the already agreed upon deal.

United States: The week ahead in the US will feature data on consumption and inflation, alongside readings on industrial production and business inventories. The economic calendar resumes with an update on JOLTS job openings (Monday), followed by the NFIB Small Business Optimism Index (Tuesday). Headline PPI is expected to be flat in November (Tuesday), and core prices should rise just 0.1%, following respective gains of 0.6% and 0.5% in October. MBA mortgage market data is on hand (Wednesday), along with a likely flat reading for headline CPI in November, after a 0.3% gain in October, while core prices should rise 0.2%, after a similar gain in October. EIA energy inventory data and the Treasury budget are due too (Wednesday). Initial jobless claims are estimated to decline 6k to 225k in the week ended December 8 (Thursday), after falling 4k to 231k in the week of December 1. November retail sales are seen rising just 0.1% (Friday).

Canada: A thin calendar in Canada this week, however, will not provide much in the way of key data. Housing starts (Monday) are expected to edge lower to 200.0k in November from 205.9k in October. Capacity utilization (Wednesday) is expected to rise to 86.0% in Q3 from 85.5% in Q2. The capacity use report is unlikely to make much of a splash given that BoC looks a variety of indicators of capacity use and will evaluate its estimate of the degree of slack in the economy given Statistics Canada’s revision to the GDP trajectory. The new housing price index (Thursday) is seen holding steady, while the Teranet/National Housing Price Index for November is due Wednesday.

Europe: With all eyes on the political stage this week, data releases are likely to take a back seat, even if the calendar includes key leading indicators. The last German ZEW Investor Confidence reading for the year (Tuesday) is expected to come in a little changed at -24.0 indicating that pessimists continue to outnumber optimists, which in the light of the sharp decline in stock markets over the past weeks is hardly a surprise. The preliminary Eurozone Composite Markit PMI is seen rising to 53.0 from 52.7 in the previous month. The German reading (Thursday) to be confirmed at 2.2% y/y. This is in line with ECB’s upper limit for price stability, but with core inflation still considerably lower. Meanwhile Eurozone October industrial production (Wednesday) is seen rising 0.3% m/m after the correction of -0.3% m/m in September. Again, little more than a stabilization, with uncertainty over the outlook weighing on confidence, even if companies continue to hold a large number of unfilled orders and the labour market is looking increasingly tight in key countries such as Germany.

UK: It’s Brexit-time this week. The parliamentary vote on the government’s Brexit deal is Tuesday. As of late last week, it continued to look highly likely that the deal will be voted down, though there is scope for a surprise, should Eurosceptic MPs decide that this is the best they’re going to get. If the deal is rejected, it would immediately create scope for multitude scenarios in the coming weeks depending on how big the defeat is.

Japan: The December MoF business outlook survey (Tuesday) is penciled in at 4.0 from 6.5 previously. October machinery orders (Wednesday) are expected to have rebounded 9.0% m/m from the record 18.3% decline in September. That drop was much worse than expected, even when taking into account the various natural disasters. November PPI (Wednesday) should cool to 2.4% y/y from 2.9% amid the drop in oil prices. The October tertiary index (Wednesday) is forecast rising 0.5% m/m as activity in the service sector improves, following the -1.1% September decline. The December Tankan index (Friday) is estimated dipping to 17 from 19 for large manufacturers, and 20 from 22 for large non-manufacturers as some optimism slides amid ongoing trade and growth worries. October revised industrial production is also due Friday.

China: The November industrial production (Friday) is forecast slowing slightly to 5.8% y/y from 5.9%, while November retail sales (Friday) is penciled in at 8.5% y/y from 8.6%, though risk is to the upside after record β€œSingles Day” sales.

Australia: The Q3 housing prices index (Tuesday) is seen falling 2.0% (q/q, sa) after the 0.7% contraction in Q2. RBA Head of Domestic Markets Department Kohler speaks at the 31st Australasian Finance and Banking conference in Sydney (Thursday).

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.Β 

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.

Link to comment
Share on other sites

Β 

Date : 12th December 2018.

MACRO EVENTS & NEWS OF 12th December 2018.


[IMG]

FX News Today

  • USDJPYΒ has posted a nine-day high of 113.51, in what is a second consecutive day of gains.Β AUDJPYΒ has concurrently printed a six-day high, whileΒ EURJPYand other Yen crosses have seen intraday strength. A revival in risk appetite in global markets has seen the some of the Yen’s safe haven premium unwind.
  • 10-yearΒ TreasuryΒ yields are up 1.1 bp at 2.89% while 10-year JGB yields gained 0.8 bp and are at 0.045%, as stock markets rallied across Asia.
  • TopixΒ andΒ NikkeiΒ rallied 1.99% and 2.15% respectively, theΒ Hang SengΒ gained 1.72%,Β ShanghaiΒ andΒ Shenzhen CompΒ managed gains of 0.41% and 0.35% respectively and theΒ ASXΒ rose 1.39%.
  • Markets in India, hit by the shock resignation of the central bank president yesterday, recovered after an ally of PM Narenda Modi took over.
  • US stock futuresΒ are also broadly higher, led by a 0.9% rise in theΒ NASDAQfutures andΒ European stock futuresΒ are also moving up.Β Oil pricesΒ are trading at USD 52.32.
  • News that Canada granted bail to Huawei’s CFO, arrested for extradition to the US, helped to ease tension outside of China.
  • Trump sparked a risk-on turnΒ after saying in an interview with Reuters that talks were ensuing with Beijing by phone, and that he would not raise tariffs on Chinese imports until he was sure about a deal.
  • He also said that he could intervene in the case of the detained Huawei CFO if it would benefit US national security or help secure a trade deal with China and was ready to meet with President Xi Jinping. After signals thatΒ China may cut tariffs on auto imports, more positive signs are recorded on global trade tensions.
  • Trump also added that it would be β€œfoolish” for the Fed to hike rates at its policy meeting next week.

Charts of the Day

[IMG]

Main Macro Events Today

  • Euro Area Industrial Production – Industrial Production in the Euro Area is expected to have increased by 0.2% m/m in October compared to -0.3% in September.
  • US Inflation Rate – The US CPI inflation rate is expected to have stood at 2.2% y/y in November (both Core and Overall Indices), despite signs of a mild deceleration in growth, as per the NFP numbers.
  • Teresa May scheduled to go to Ireland, possibility of no confidence vote as early as today.
  • Junker and Italy’s Conte are to meet about the Italian budget.

Support and Resistance Levels

[IMG]

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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
Β 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.

Link to comment
Share on other sites

Date : 13th December 2018.

MACRO EVENTS & NEWS OF 13th December 2018.


[IMG]

FX News Today

  • TheΒ stock rally continuedΒ during the Asian session – Nikkei gained 0.99%.
  • Chinese markets outperformedΒ as markets are growing more confident about the future of US-Sino trade relations amid reports of the first major soya bean purchases from China in a while.
  • Also there are signs that Chinese authorities may scale back its push for high-tech industrial development, which could be the first step towards honouring US demands for stronger protection of US intellectual property rights.
  • UK PM May survived the leadership battleΒ although that doesn’t mean of course that she will be able to ratify her Brexit deal.
  • GER30 and UK100 futures are trading narrowly mixed – PM May heads to Brussels to try and get more concessionsΒ that would help her get the hated Withdrawal Pact past lawmakers.
  • WTI crudeΒ settled in lower $51.0s after ebbing from upper $52.0s yesterday.
  • USDJPYΒ has remained buoyant amid backdrop of reviving risk appetite.
  • EURUSDΒ has been oscillating in mid-to-upper 1.1300s.

Charts of the Day

[IMG]

Main Macro Events Today

  • SNB Rate Desicion and Conference – The central bank is expected to leave policy unchanged and to repeat that the situation remains fragile as the currency remains β€œhighly valued”. SNB continues to tread carefully amid heightened uncertainty, geopolitical risks and protectionist threats.
  • ECB Rate Desicion and Conference – ECB is set confirm the future of QE and the re-investment schedule amid ongoing market turbulence and mounting political risk in Europe. ECB is expected to hold out for phase-out of QE by the end of the year, as planned.
  • US Unemployment Claims – Expectation – Initial jobless claims are estimated to decline 6k to 225k in the week ended December 8, after falling 4k to 231k in the week of December 1.

Support and Resistance Levels

[IMG]

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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer:
Β 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.

Link to comment
Share on other sites

Date : 17th December 2018.

MACRO EVENTS & NEWS OF 17th December 2018.


[IMG]

The Economic week ahead

Central bank meetings are the highlight, and include those of FOMC, BoE, BoJ, Bank Indonesia, Bank of Thailand, and Taiwan. Fed Chairman Powell is expected to play Santa Claus by delivering a 25 bp rate hike, wrapped in a dovish spin. Geopolitics remain important risk factors amid signs that tariff worries, Treasury curve inversions, China’s deceleration, Brexit uncertainties, Italy’s budget battles, and French riots are exacerbating a global slowing.

United States:Β The US calendar is dominated by FOMC meetingΒ (Tuesday,Wednesday).Β Data is light and won’t factor materially into FOMC’s stance. FOMC is universally expected to deliver a 25 bps rate hike to increase the target band to 2.25% to 2.50%. Along with FOMC, there is also risk of a partial government shutdown at the end of the week. There won’t be any significant or meaningful impact on the economy from a temporary shutdown, but it could add to market nervousness and worries about the effects of reduced stimulus next year.

There are only a few tier one economic numbers this week and none will impact the FOMC decision. November personal incomeΒ (Friday)Β is expected to rise 0.3% after a solid 0.5% pace in October. Consumption is expected to rise 0.3%. The December Empire State indexΒ (Monday)Β is expected to dip from 23.3 to 21.0. The Philly Fed indexΒ (Thursday)Β is seen rising to 19.0 in December from 12.9 in November. Housing data are on tap, and all the November reports face downside risk from adverse weather and the California fires, but upside risk as prior disaster distortions are unwound. November durable goods ordersΒ (Friday)Β should rebound 1.7% in November, after a 4.3% October drop. The third reading on Q3 GDP growthΒ (Friday)Β is expected unchanged at a 3.5% rate, though slower than Q2’s 4.1% clip.

Canada:Β It is a busy calendar and features several top-tier reports. Manufacturing shipmentsΒ (Tuesday)Β are expected to rise 0.5% in October after the 0.2% gain in September. The CPIΒ (Wednesday)Β is seen falling 0.4% m/m (nsa) in November after the 0.3% gain in October, as a 10% plunge in gasoline prices pulls the CPI lower relative to October. Retail salesΒ (Friday)Β are projected to grow 0.5% in October after the 0.2% rise in September. GDPΒ (Friday)Β is anticipated to rebound 0.1% in October after the 0.1% drop in September. BoC’s winter Business Outlook SurveyΒ (Friday)Β is expected to reveal a still upbeat outlook, although some caution may seep in given the daily swings in sentiment on the global trade outlook.

Europe:Β This week’s round of data releases should on the whole back the cautious stance of the central bank. The December German Ifo Business ClimateΒ (Tuesday)is expected to fall back to 101.7 from 102.0 in November, with the expectations reading in particular under pressure. The manufacturing sector looking shaky again amid fresh challenges for the automobile sector, which continues to struggle with emissions standards and the lingering diesel scandal, which has considerably undermined confidence, especially in Germany, where consumers are facing driving bans without compensation from producers.

Eurozone consumer confidence and German GfK consumer confidence (bothΒ Friday), are also likely to show the strain of negative headlines and dissatisfaction with government policies, despite ongoing improvement on labour markets and the forecasts for lower readings. The final reading of Eurozone CPIΒ (Monday)Β is expected to confirm the core rate at just 1.0% y/y. The headline rate remains much higher at 2.0%, but remains impacted by base effects from energy prices, which are also underpinning very strong rates in German producer pricesΒ (Wednesday)Β and import priceΒ (Friday).Β The busy calendar also includes Eurozone trade and current account data as well as French consumption numbers and the final reading of French Q3 GDP. There also is ECB speak from HanssonΒ (Wednesday).

UK: It’s β€œcrystal clear” — in the words of European Commission President Juncker on Friday β€” that there won’t be any renegotiation by the EU, other than a clarification of the deal on offer. This suggests that the Withdrawal Agreement from the EU is headed for eventual failure in the UK Parliament. The parliamentary vote will be January; date undecided, but before the legislated deadline ofΒ January 21.

The calendar this week is busy and includes BoE’s December Monetary Policy Committee meetingΒ (Thursday).Β However, this should prove to be a non-event for markets as no changes are all but certain. Data releases will be of limited interest given the now intense distraction of Brexit and associated political uncertainty in the UK. Data releases will be highlighted by the November inflation report, where CPI is expected to ebb to 2.3% from 2.4%. November retail ales and the third and final release of Q3 GDP are also dueΒ (ThursdayΒ andΒ Friday,Β respectively).

Japan:Β BoJ announces policy (Wednesday, Thursday) with no changes expected. The November trade reportΒ (Wednesday)Β should see the deficit widen to JPY 700.0 bln from 450.0 bln previously. But there is risk from a weaker oil import bill. The October all-industry indexΒ (Thursday)Β is seen rising 1.5% from the prior 0.9% decline. November overall CPIΒ (Friday)Β is penciled in sliding to a 0.7% y/y pace, half of the prior 1.4%, and to 0.9% y/y from 1.0% on a core basis.

Australia:Β The employment reportΒ (Thursday)Β is expected to reveal a 25.0k gain in November jobs after the 32.8k bounce in October. The unemployment rate is seen holding steady at 5.0%. The minutes to RBA’s December meeting are due onΒ Tuesday.Β RBA held rates steady at 1.50% at the December 4 meeting. There are not any RBA speakers scheduled through year-end.

New Zealand’sΒ calendar has Q3 GDPΒ (Thursday),Β expected to slow to a 0.5% pace from the 1.0% rate of expansion in Q2 (q/q, sa). The trade deficitΒ (Thursday)is projected to narrow to -NZ$1,000 mln in November from -1,295 mln in October. The next RBNZ meeting isΒ February 13, 2019.


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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.Β 

Andria Pichidi
Market Analyst
HotForex

Disclaimer:
Β 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.

Link to comment
Share on other sites

Date : 18th December 2018.

MACRO EVENTS & NEWS OF 18th December 2018.


[IMG]

FX News Today

FX News Today

  • The 20-year Treasury yields are down -1.3 bp at 2.814%, as the sell off in stock markets, continued during theΒ Asian session.Β TopixΒ andΒ NikkeiΒ are down -1.99% and -1.82% respectively.
  • Dovish RBA minutes: No strong case for a change in monetary policy.
  • China’s President Xi Jinping offeredΒ no fresh stimulus plansΒ or a further opening of the economy in his keynote speech marking 40-years of Chinese reforms.
  • Concern risesΒ over the outlook for Chinese and World Growth amid ongoing trade tensions weighing on sentiment.
  • US stock futures are slightly higher though as the Fed decision comes into view, with Powell expected to confirm that the central bank will switch from autopilot to data dependency on rate hikes after the widely expected move this week.
  • USA500 closed at the lowest level in 14 months.
  • Oil prices declined and the WTI future fell back to $48.93 per barrel, as risk of demand destruction hits prices.

Charts of the Day

[IMG]

Main Macro Events Today

  • German Ifo Business Climate – Expectations – To fall back to 101.7 from 102.0 in November, with the expectations reading, in particular, under pressure. The manufacturing sector is looking shaky again amid fresh challenges for the automobile sector, which continues to struggle with emissions standards and the lingering diesel scandal, which has considerably undermined confidence, especially in Germany where consumers are facing driving bans without compensation from producers.
  • US housing starts – Expectations – They are estimated slipping 0.2% to a 1.225 mln pace in November, after a 1.5% gain to 1.228 mln in October.
  • Canadian Manufacturing shipments – Expectations – They are expected to rise 0.5% in October after the 0.2% gain 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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer:
Β 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.

Link to comment
Share on other sites

Β 

Date : 19th December 2018.

MACRO EVENTS & NEWS OF 19th December 2018.


[IMG]

FX News Today

  • In Asia,Β long yields dippedΒ in tandem with Treasury yields, with the 10-year Treasury yields are down -0.2 bp at 2.816%.
  • Asian and European stock futures are mixedΒ with all eyes on the Fed, with UK100 futures heading south, while GER30 futures are marginally higher. Topix and Nikkei are down -0.41% and -0.60%
  • Oil prices fellΒ to a low of just $46.10 before regaining some ground to now USD 46.50 per barrel.
  • US budget update:Β Democrats rejected the bill offered by Senate Leader McConnell. Avoiding a government shutdown with a short-term spending bill before the holidays seems the most sensible solution, but this is the first major power play since the mid-term elections, which saw the House flip to the Democrats starting next year.
  • Today,Β US futures gainΒ following a mixed session for equities in Asia overnight.
  • German producer price inflation came in higher than anticipated at 3.3% y/y.

Charts of the Day


[IMG]

Main Macro Events Today
Β 

  • UK CPI – Expectations – The headline CPI is expected to ebb to 2.3% from 2.4%.
  • BoC CPI and Core – Expectations – CPI is seen falling 0.4% m/m (nsa) in November after the 0.3% gain in October, as a 10% plunge in gasoline prices pulls the CPI lower relative to October. The CPI is seen slowing to a 1.8% y/y pace in November from the 2.4% clip in October, with gasoline prices again being the driver.
  • FOMC Monetary policy and Conference – Expectations – A 25 bp tightening in the Fed funds rate is priced in. What will be key is what’s indicated about the 2019 rate trajectory.

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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer:
Β 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.

Link to comment
Share on other sites

Date : 20th December 2018.

MACRO EVENTS & NEWS OF 20th December 2018.


[IMG]

FX News Today

  • 10-year Treasury yields are down -0.2 bp at 2.753%, JGB yields fell back -0.3 bp to 0.019%, and 10-year Bund yields are down -2.2 bp at 0.214% in early trade, with yield curves flattening after the Fed’s decision to go ahead with the rate hike.
  • Topix and Nikkei still lost -2.51% and -2.84% respectively. The Hang Seng is down -1.26%, the CSI 3090 down -0.91% and the ASX -1.34%. US and European futures are also firmly in the red.
  • Oil prices remained under pressure and February WTI is up from yesterday’s lows at USD 47.17 per barrel.
  • Markets clearly take a much more pessimistic view on the global economic outlook than central banks and the stock sell-off that started after the Fed disappointed markets and wasn’t as dovish as markets had hoped deepened during the Asian session.
  • The better than expected data out of Japan, where the All Industry Index improved 1.9% m/m was overlooked.
  • BoJ left rates on hold and also sounded cautious, but with the Yen strengthening.
  • Today, US futures gain following a mixed session for equities in Asia overnight.

Charts of the Day

[IMG]

Main Macro Events Today

  • UK Retail Sales – Retail Sales for November are expected to have declined to 2.3% y/y, compared to 2.7% in October, in view of increased uncertainty regarding Brexit.
  • BoE Interest Rate Decision – BoE is not expected to make any interest rate changes as it is constrained by the overall Brexit progress and thus the interest rate is expected to remain at 0.75%.
  • Jobless Claims and Philly Fed – Jobless Claims, both initial and continuing, are expected to register an increase this week, adding to worries about the US’s macroeconomic outlook. However, the Philly Fed index is expected to increase thus providing a mixed picture of the overall US economy.

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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Dr Nektarios Michail
Market Analyst
HotForex

Disclaimer:
Β 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.

Link to comment
Share on other sites

Date : 21st December 2018.

MACRO EVENTS & NEWS OF 21st December 2018.


[IMG]

FX News Today

  • TheΒ sell-off in stock marketsΒ continued during the Asian session after another slide in US shares.
  • Signs ofΒ fresh tensionsΒ in US-Sino relations, theΒ risk of a partial government shutdownΒ in the US and general angst about the health of the world economy, added further pressure in stock markets.
  • Topix and Nikkei lost -1.91% and -1.11% respectively as a stronger Yen added to pressure.
  • WTIΒ is trading at just $46.21 per barrel.
  • EURUSDΒ has settled in the mid 1.1400s.
  • SterlingΒ has become directionally dormant following recent Brexit-related volatility, with the UK Parliament now in recess until the new year and London interbank markets thinning out into the Christmas break.
  • German consumer confidence unexpectedly held steadyΒ at 10.4 in the advance January reading, despite all the negative headlines and the turmoil on markets.
  • French GDP was unexpectedly revised down while outlook deteriorates

Charts of the Day

[IMG]

Main Macro Events Today

  • UK GDP – The 3rd and final release of Q3 GDP is expected the latter unrevised at 0.6% q/q.
  • Canadian Retail Sales and GDP – Retail sales are projected to grow 0.5% in October after the 0.2% rise in September. The ex-autos sales aggregate is projected to gain 0.1% after nudging 0.1% higher. GDP is anticipated to rebound 0.1% in October after the 0.1% drop in September.
  • US Personal Spending – November personal income is expected to rise 0.3% after a solid 0.5% pace in October. Consumption is expected to rise 0.3% , half of the 0.6% October gain.
  • US Durable Goods and Final GDP – November durable goods orders should rebound 1.7% in November, after a 4.3% October drop. The third reading on Q3 GDP growth is expected unchanged at a 3.5% rate, though slower than Q2’s 4.1% clip.

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.

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer:
Β 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.

Link to comment
Share on other sites

Date : 24th December 2018.

MACRO EVENTS & NEWS OF 24th December 2018.


[IMG]

The Economic week ahead

Divergence between the rosier outlook on economic fundamentals of central banks and the darker omens signalled by the tightening up of the financial markets and deterioration in the commodity sector has grown.

Holiday-thinned staffing in Europe, Asia and the US in the first half of the week will severely curtail trade, though what this means for volatility is anyone’s guess.

United States:Christmas week will be light on the data front and will include consumer confidence, new home sales and the advance indicator numbers. The Chicago Fed National Activity IndexΒ (Monday)Β will be followed by the MBA Mortgage Market ReportΒ (Wednesday),Β along with the Case Shiller Home Price Index and Richmond Fed Index. Initial jobless claimsΒ (Thursday)Β are estimated declining 4k to 210k in the week ended December 22, after rising 8k to 214k in the week of December 15. Consumer confidenceΒ (Thursday)Β is expected to slip to 135.0 in December, from 135.7 in November and new home salesΒ (Thursday)should rise 2.9% to 560k in November. EIA energy inventories are also due to be released. Advance indicators for DecemberΒ (Friday)Β should reveal an improvement in the trade balance for goods. NAR Pending Home SalesΒ (Friday)Β may rebound to 103.0 in November from 102.1, while Chicago PMIΒ (Friday)Β is set to sink to 61.0 in December from 66.4.

Canada:Β For Canada, activity picks up in the first week of 2019, with the December employment report due onΒ January 4. There is nothing from the Bank of Canada until theΒ January 9 policy announcement.

Europe:Β There aren’t many full trading days left for 2018, with German, Swiss, Scandi and many other European markets already closed onΒ MondayΒ for Christmas Eve and early closures in Paris and London, followed by a nearly full shutdown for Christmas onΒ TuesdayΒ as well asΒ Wednesday.Β The shortened calendar week focuses on preliminary inflation data out of Germany and Spain onΒ Friday.Β With import price inflation falling back sharply in November on the back of a sharp deceleration in energy price inflation we see the headline HICP rate for Germany falling back to just 1.9% y/y from 2.2% y/y in the previous month.

Meanwhile, the ECB’s economic bulletin onΒ ThursdayΒ is likely to be a close repeat of Draghi’s introductory statement at the last press conference and still send a cautiously optimistic message on the outlook.

UK:Β London will be open for aΒ half day on MondayΒ before closing through toΒ ThursdayΒ for the Christmas and Boxing Day holidays. Sterling markets will be as good as dormant until the new year, when the frustratingly unresolved Brexit solution will be back in sharp focus. The parliamentary vote on the Brexit deal and outline for a future relationship will take place in the week ofΒ January 14,Β before the legislated deadline ofΒ January 21.

Japan:Β Japan is closed Monday for Emperor’s Birthday. The economic calendar kicks off onΒ Tuesday,Β with November services PMIΒ (Tuesday),Β which is seen at a 1.2% y/y rate from 1.3%. The remainder of the docket comes onΒ FridayΒ and features December Tokyo CPI, which is expected to slow further to a 0.4% y/y pace, after sliding to 0.8% y/y in November from October’s 1.4% y/y. November unemployment is forecast at a steady 2.4%, with the job offers to seekers ratio unchanged at 1.62.

Australia:Β The calendar is empty in the final week of 2018, lacking economic releases or RBA speakers. The markets are closedΒ Monday, TuesdayΒ andWednesdayΒ for Christmas. The next RBA meeting is onΒ February 5,Β where no change to the 1.50% setting for the cash rate, is expected.

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

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

ClickΒ HEREΒ 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. ClickΒ HEREΒ to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

Disclaimer:
Β 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.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • πŸ‘ Join TopGold.Forum Now

    We ConnectΒ  Money Makers With TOPΒ Earning Opportunities!

    Join over 25,000 members and 700 businessesΒ on their journey to strike GOLD.Β πŸ’°πŸΎπŸ‘

    πŸ‘© Want to make money online?Β 
    πŸ’Ό Represent a company?Β 

‴️-Paid Ad- TGF approve this banner. Add your banner here.πŸ”₯

Γ—
Γ—
  • Create New...