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  • Date : 10th May 2018.

    MACRO EVENTS & NEWS OF 10th May 2018.




    FX News Today

    Asian Market Wrap: 10-year Treasury yields are down -0.9 bp and back below the 3% mark at 2.98% as tensions in the middle East rise. 10-year JGB yields meanwhile picked up 0.2 bp to 0.043%, as stock markets moved higher and the yen declined. Automakers and banks underpinned Japanese indices and a weaker yen, saw Nikkei rising 0.38%. Stocks are cautiously higher across other Asian markets as well. The Hang Seng outperformed and moved up 0.81% and the CSI 300 is up 0.16%. North Korean tensions seem to be easing, but tensions in the middle East are building and oil prices are up and the WTI future is trading at USD 71.63 per barrel, as Israel said it struck targets in Syria after Iranian forces fired missiles at the Golan Heights.

    FX UpdateCharts of the Day



    Main Macro Events Today
    • 7 Votes for the rate to remain at 0.5%, while 2 for a Rate hike.
    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.

    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.

    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.

    Comment


    • Date : 11th May 2018.

      MACRO EVENTS & NEWS OF 11th May 2018.




      FX News Today

      Asian Market Wrap:FX UpdateCharts of the Day


      Main Macro Events Today
      • US UoM Consumer Sentiment & Inflation Expectations
      • Draghi Speech
      Support & 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.

      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.


      Stuart Cowell
      Senior 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.

      Comment



      • Date : 14th May 2018.

        MACRO EVENTS & NEWS OF 14th May 2018.



        Main Macro Events This Week

        Stocks have regained their footing in early May as the plethora of worries which knocked global equities lower to start the year have faded. Concerns over a more aggressive Fed tightening stance, fears over rising price pressures, worries over a slowing in growth and possible recession, uncertainty over a trade war, not to mention geopolitics and the angst over N. Korea, have all eased, though unilateral reimposition of Iran sanctions by the U.S. have contributed to fresh trend highs on WTI crude above $71 bbl. Yet investors have refocused on earnings, which have been stellar. Specifically, a less hawkish tone from the FOMC, softening in inflation data, and indications of strengthening in U.S. Q2 GDP growth to 3%, have added to the bullish tone on stocks, even as the dollar rally has paused to digest these developments and the cooler Fed outlook.

        United StatesCanada: In Canada CPI (Friday) highlights a busy calendar. Total CPI is expected to jump 0.5% in April (m/m, NSA) after the 0.3% gain in March, as gasoline prices surged. The CPI is seen accelerating to a 2.5% y/y pace in April from the 2.3% y/y clip in March. The BoC has expressed comfort with the pop in CPI, which has been above the 2.0% target mid-point since February, as the fall-off in temporary factors (previously restraining CPI) and minimum wage hikes provide what they see as a temporary boost. Manufacturing shipment values (Wednesday) are projected to gain 2.0% in March after the 1.9% gain in February. Retail sales(Friday) are seen growing 0.3% in March after the 0.4% rise in February. Bank of Canada Deputy Governor Schembri speaks(Wednesday)EuropeWednesday) and Constancio (Thursday) are all likely to sound cautiously optimistic on the growth outlook, while admitting ongoing uncertainties and risks.

        The main focus on the data front is German ZEW investor confidence for May. Meanwhile, the first reading of German Q1 GDP(Tuesday) is likely to show a marked deceleration in the quarterly growth rate to just 0.3% q/q , versus 0.6% q/q in Q4 last year. This would pretty much mirror developments in other major Eurozone economies and leave the overall Eurozone GDP number (also Tuesday), on course to be confirmed at 0.4% q/q , unchanged from the preliminary reading and also sharply lower than in Q4. Again, there is a lot of noise in the data and the main question not just for the ECB is now whether this is due to temporary factors, or the sign of a broader downtrend in growth. Inflation numbers meanwhile are backward looking and Italian April HICP expected (Tuesday), to be confirmed at 0.6% y/y, the German HICP rate (Wednesday) at 1.4% y/y and the overall Eurozone rate (Wednesday) at 1.2% y/y. Core inflation fell back to just 0.7% y/y in April, but that was impacted by base effects with services price inflation falling back earlier than last year from the Easter spike. The calendar also has Eurozone trade (Thursday)and current account (Friday), but that will be overshadowed by the second GDP reading.

        UK:(Tuesday). The unemployment rate is expected to hold steady at the multi-decade low of 4.2% . Average household income is expected to rise 2.6% y/y in the with-bonus figure and to a new cycle high rate of 2.9% y/y in the three months to March, which should keep BoE tightening expectations alive.

        Japan: Tuesday brings the March tertiary industry index, which is penciled in at -0.3% versus the prior unchanged outcome. Preliminary Q1 GDP (Wednesday) is forecast at up 0.1% from the previous 1.6% increase. Revised March industrial production is due Wednesday as well. March machine orders (Thursday) are expected down 2.0% from the 2.1% previous rise. National April CPI (Friday) is forecast at up 0.6% y/y from up 1.1% overall, and up 0.7% y/y from 0.9% on a core basis.

        China: April fixed investment (Tuesday) should be up 7.5% y/y as it was in March. April industrial production (Tuesday) is seen up 6.5% y.y from 6.0%, while April retail sales are penciled in at up 10.2% from 10.1%.

        Australia: The wage cost index (Wednesday) is expected to rise 0.6% in Q1 (q/q, sa) after the matching 0.6% gain in Q4. Employment (Thursday)Tuesday. RBA Deputy Governor Debelle(Tuesday)Tuesday)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.

        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.


        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.

        Comment



        • Date : 18th May 2018.

          MACRO EVENTS & NEWS OF 18th May 2018.


          FX News Today

          Asian Market Wrap: 10-year Treasury yields are unchanged on the day at 3.11%, 10-year JGBs marginally higher at 0.052% despite a dip in CPI inflation and long yields were mixed elsewhere across Asia. Stocks also struggled for direction. Topix and Nikkei managed gains of 0.31% each, the Hang Seng is up 0.19%, but the CSI 300 slightly down, Shanghai com and Shenzhen Comp narrowly mixed. Treasury yields near 2011 highs continue to weigh on investor sentiment, but U.S. stock futures are higher amid reports that China offered the US a USD 200 bln reduction in the bilateral trade gap. Oil prices are holding near the 2014 highs amid mounting signs of shrinking stock piles and the front end WTI future is at USD 71.61 per barrel.

          FX Update:Charts of the Day



          Main Macro Events Today
          • expected at 20.7 B surplus slightly below the previous reading at 21 B.
          • CPI is expected to grow 0.4% (m/m, nsa) in April after the 0.3% gain in March. The CPI is projected to grow at a 2.3% y/y pace in April, matching the 2.3% rate of increase in March. The 2.3 y/y clip in March was the fastest rate since the 2.4% pace in October of 2014.
          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.


          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.

          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.

          Comment


          • Date : 21st May 2018.

            MACRO EVENTS & NEWS OF 21st May 2018.




            Main Macro Events This Week
            Global yields have been on the rise all year, with Treasuries leading the upswing in core markets. The 10-year T-note has climbed 65 bps year-to-date, to 3.05%, and tested 3.12% late in the week. Italy paced the action on the week, however, jumping 30 bps. Numerous factors have served to boost rates, including global growth, inflation expectations, tighter monetary policy, fiscal policy angst, and supply. And rising rates are roiling the markets. Interest rates will remain in the spotlight this week, with Treasury supply, inflation data, and geopolitics all possibly increasing yield further.

            United States(Wednesday) and existing home sales for April (Tuesday), and will provide some insight on how this sector is faring in Q2. Also, reports on April durable goods orders (Friday), May Markit PMIs, and the May KC Fed index will give a current view on manufacturing. The FOMC minutes to the May 1, 2 policy meeting (Wednesday)Canada: In Canada, the markets are closed on Monday in observance of the Victoria Day holiday. The holiday shortened week is thin on data and events. March wholesale trade shipments(Tuesday)are expected to rise 0.5% in March after the 0.8% drop in February. This is the final input into the March GDP forecast. A 0.2% GDP gain in March (m/m, sa) is expected after the 0.4% surge in February, as the economy resumes making headway after the temporary set-back in January that saw GDP fall 0.1%. There is nothing from Bank of Canada this week.

            Europe(Wednesday) and an improvement in the manufacturing reading to 56.4 from 56.2, the services reading is seen falling back to 54.5 from 45.7, which should lead the composite at 55.1, versus 55.1 in April. The German Ifo Business Climate reading (Thursday) is also expected to stabilize and an unchanged headline reading is expected of 102.1 versus 102.1 in the previous month, with expectations seen falling back slightly, but the current conditions indicator expected to improve after the holiday related noise in previous months. French national business confidence (Thursday)and German GfK consumer confidence (Thursday) are also seen unchanged over the month, while Eurozone consumer confidence(Wednesday) is expected to improve to 0.5 from 0.4.The forward looking confidence readings will likely overshadow the second release of German Q1 GDP numbers (Thursday), which will bring the full breakdown.

            UK: A flurry of data releases looms on the calendar this week, highlighted by the April inflation report (Wednesday), April retail sales (Thursday), and the second estimate for Q1 GDP (Friday).Monthly government borrowing data (Tuesday) and the May CBI surveys for industrial trends and distributive sales (Tuesday andWednesday,Japan: The March all-industry index (Wednesday) is penciled in rising 0.2% on the month versus the previous 0.4% increase. May Tokyo CPI is forecast rising at a 0.6% y/y clip from 0.5% overall, and unchanged from April at up 0.6% y/y on a core basis.

            Australia: The Reserve Bank of Australia governor Lowe(Wednesday)(Thursday) at the De Nederlandsche Bank Housing Market Seminar in Amsterdam. The data calendar is sparse, with Q1 construction work done (Wednesday) featuring.

            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.

            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.

            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.

            Comment


            • Date : 22nd May 2018.

              MACRO EVENTS & NEWS OF 22nd May 2018.



              FX News Today

              Asian Market Wrap:FX Action:Charts of the Day



              Main Macro Events Today
              • Speeches: MPC Member Vlieghe, MPC Member Saunders, BOE Gov. Carney and BOE Remsden
              • at 7.1B pounds deficit in April from the 0.3B surplus seen in March.
              • UK Inflation Report Hearings
              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.

              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.

              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.

              Comment



              • Date : 23rd May 2018.

                MACRO EVENTS & NEWS OF 23rd May 2018.



                FX News Today

                Asian Market Wrap: Long yields declined as risk aversion picked up and stock market retreated in Asia. The 10-year Treasury yield is down -0.9 bp at 3.050%, the 10-year JGB down 0.4 bp at 0.037%. Stock markets headed south, with Japanese markets underperforming as the yen advanced and the focus returned global risks including the U.S.-North Korea summit and Turkey financial market stability. Nikkei and Topix are down -0.64% and -1.14% respectively. The Hang Seng lost -1.02%, the CSI 300 is down -0.84%. U.S. futures are also heading south and oil prices pulled back from highs over USD 72 per barrel and it is trading at USD 71.92. European stock futures are declining in tandem with U.S. futures after a largely negative session for equities in Asia overnight. The good news for the Eurozone is that peripherals have so far not been hit and the Italian 10-year yield is down -2.4 bp, the Spanish down -1.5 bp in early trade. The calendar has Eurozone PMI readings, as well as U.K. inflation data, a German Schatz auction and the U.K. CBI retailing survey.

                FX Action:Charts of the Day



                Main Macro Events Today
                • RBA Gov Lowe Speech
                • Composite PMI for May expected at 55.0 from 54.9, while Services expected at 54.9 from 54.6.
                • FOMC Meeting Minutes
                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.

                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.

                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.

                Comment


                • Date : 24th May 2018.

                  MACRO EVENTS & NEWS OF 24th May 2018.



                  FX News Today

                  European Outlook: FX Action: Yen out performance has once again been seen, driving USDJPY to a 10-day low of 109.33 and pushing EURJPY further into 10-month low territory. Belligerent rhetoric from North Korea and reports that the Trump administration is mulling a 25% levy on imported cars have provided some added fuel to risk aversion in global markets, which has maintained a safe haven bid for the Japanese currency. The dollar has also remained broadly buoyant, though has steadied off highs seen yesterday versus most currencies. EURUSD posted a fresh five-month low at 1.1675during the New York PM session yesterday before recouping above 1.1700 following the release of the FOMC minutes to the early May meeting showed the Fed is in no hurry to tighten. Fed funds futures gained a little on the minutes, and were still fully pricing in a 25 bp rate hike in June while showing about odds of about 75% for a further quarter-point hike move in September. Italy will remain in the spotlight and the risk remains that we see further paroxysms in Italian markets as investors digest the formulating policies proposals of the anti-establishment and Eurosceptic coalition government.

                  German GDP & Consumer Confidence: German Q1 GDP was confirmed at 0.3% q/q as expected, leaving the working day adjusted annual rate at 2.3% y/y. The focus was on the breakdown, which was released for the first time and showed a clearer picture on why growth slowed so dramatically compared to the 0.7% q/q rate in Q4 last year. What the data showed were negative contributions from net exports, stock changes as well as government consumption, with the latter contracting -0.5% q/q in Q1, likely due partly to the political vacuum and the long period without a fully functioning government following the inconclusive election last year. Investment contributed 0.2% points to the quarterly growth rate, private consumption -0.2% points, net exports detracted -0.1% as export growth corrected -1.1% q/q, after rising a very strong 2.6% q/q in Q4 last year. The strong EUR may partly be to blame.

                  German GfK consumer confidence fell to 10.7 with the advanced reading for June, down from 10.8 in the previous month and the second consecutive dip. The index peaked at 11 in February, but remains at very high levels. Still, the full breakdown for May showed a marked decline in the willingness to buy despite an improvement in income expectations. The willingness to save meanwhile declined. Q1 GDP data today still showed a positive contribution from consumption to overall growth, but the GfK numbers at least signal some slowdown ahead.

                  Charts of the Day


                  Main Macro Events Today
                  • Likely to show a pick up (from 0.7% from a dire -1.2% in March) but questions remain this be sustainable through to the summer and remainder of Q2.
                  Support & 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.

                  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.

                  Stuart Cowell
                  Senior 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.

                  Comment



                  • Date : 25th May 2018.

                    MACRO EVENTS & NEWS OF 25th May 2018.




                    FX News Today

                    Asian Market Wrap: FX Update:Charts of the Day



                    Main Macro Events Today
                    • expected to stabilize, but comes with a downside bias now after the weak PMI round. The forecasts had been for an unchanged headline reading of 102.1 versus 102.1 in the previous month, with expectations seen falling back slightly, but the current conditions indicator was expected to improve after the holiday related noise in previous months.
                    • Unchanged at 0.1% q/q and 1.2% y/y.
                    • A 4% decline is expected for April, down to -1.4% from 2.6% in March
                    Support & 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.


                    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.

                    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.

                    Comment


                    • Date : 28th May 2018.

                      MACRO EVENTS & NEWS OF 28th May 2018.




                      Main Macro Events This Week

                      Geopolitics reared its ugly head again, knocking core sovereign yields lower, while elevating those on the periphery especially in Europe. Mixed messages between Kim and Trump kept markets on their toes about the diplomatic climate between North Korea and the U.S., after the summit was called off, then possibly back on again. Along with worries over Korea and China, concerns about Turkey, Italy and now Spain, have resurfaced. Even against U.S. allies, a 25% tariff on auto imports was floated, leading to concerns that global growth could be compromised down the road.

                      United States: The week of May 28 will be a busy, holiday-shortened one in the U.S., with a slew of data releases after the return from the long Memorial Weekend. The focus will be squarely on the April jobs report after recent readings have fallen short of expectations, but in April the gain is expected to be in line with the year-to-date average. Front and center will be Nonfarm payrolls (Friday), expected to rise 195,000 in May, following a weaker-than-expected April gain of 164,000. The unemployment rate is estimated to be steady at 3.9%. Consumer confidence should be 128.0 in May (Tuesday), down only slightly from a strong 128.7 reading in April and the 17-year high of 130.0 in February. MBA mortgage market applications are due (Wednesday), along with the ADP employment survey seen rising 200k in May from 204k in April. Advanced trade indicators deficit may widen to -$70.5 in April(Wednesday) from $68.3 bln, along with a second update on Q1 GDP. Personal income is expected to rise 0.3% in April(Thursday), following a similar gain in the prior month, while PCE may rise 0.4%. Initial jobless claims are set to fall 8k to 226k in the week ended May 26, following the prior pop to 234k from 222k in the week of May 12. Chicago PMI is due, in addition to NAR pending home sales seen rising to 108.2 in April from 107.6 and delayed EIA inventory data (due to holiday).

                      Canada: (Wednesday)(Thursday), March GDP also due Thursday, the current account and the industrial product price index on Wednesday, and the march average weekly earnings on Thursday.

                      Europe(Wednesday) is seen rising to 1.8% y/y from 1.4% y/y, the French rate (Wednesday)to 2.0% y/y from 1.8% y/y and the Italian headline rate(Thursday) to 0.9% y/y, which should bring the Eurozone HICP(Thursday)(Wednesday) is seen falling back just slightly to 112.5 from 112.7 in the previous month, signalling a slowdown in growth momentum, but not to an extent that would worry the ECB unduly and partly due to capacity constraints in countries such as Germany. Final Markit Manufacturing PMI readings for May (Friday) expected to confirm preliminary numbers, leaving the Eurozone reading at a still robust 55.5. And even if preliminary numbers came in weaker than expected, they still showed that job creation continues and hence the German unemployment rate for May (Wednesday) expected unchanged at a very low 5.3%. The overall Eurozone rate for April meanwhile is seen falling to 8.4% from 8.5% in the previous month.

                      UK: The calendar this week brings the May Gfk consumer confidence report (Wednesday), where a fractional improvement is anticipated to a -8 reading after -9 in the month prior, April lending data from the BoE (Thursday), and the May manufacturing PMI survey (Friday), which it is anticipated to dip to 53.5 in the headline reading from the 53.9 reading of April.

                      Japan: The April unemployment (Tuesday) is expected unchanged at 2.5%, with the job offers/seekers ratio steady at 1.59. April retail sales (Wednesday) should rise to a 0.5% y/y growth rate from 0.1% for large retailers, and edge up to 1.1% y/y from 1.0% overall. April industrial production (Thursday) is penciled in at a 1.0% y/y rate, slightly slower than the prior 1.4%, while the contraction in April housing starts (Thursday) is expected to have deepened to -8.5% y/y from -8.3%. April construction spending is also due Thursday. Friday brings the Q1 MoF Capex survey, and the May manufacturing PMI. The preliminary reading came in at 52.5, the lowest since August. It was 53.1 last May.

                      China: The official CFLP manufacturing PMI (Thursday) is forecast edging up to 51.5, after having dipped 0.1 point to 51.4 in April. It was at 51.2 a year ago. The index has generally been on a downtrend from 52.4 in September, and the slippage has rung some alarm bells over growth. Also, the Caixin/Markit manufacturing PMI (Friday) should dip to 51.0 from 51.1, and is down from 51.6 in February (the highest since the same reading in August). It was 49.6 last May.

                      Australia: The Building permits (Wednesday) are expected to rise 2.0% in April after the 2.6% gain in March. Private capital expenditures (Thursday) are seen expanding 2.0% in Q1 after the 0.2% dip (q/q, sa) in Q4. The next Reserve Bank of Australia event is the policy meeting on June 5, where no change to the current 1.50% setting for the cash rate, is expected.

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

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

                      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.

                      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.

                      Comment


                      • Date : 29th May 2018.

                        MACRO EVENTS & NEWS OF 29th May 2018.




                        FX News Today

                        Asian Market Wrap: In Europe,Charts of the Day



                        Main Macro Events Today
                        • at 3.9% y/y from 3.7% y/y seen in April.
                        • S&P/Case-Shiller Home Price Indices expected slightly lower at 6.5% y/y in March from 6.8% y/y in April.
                        • 128.0 in May, down only slightly from a strong 128.7 reading in April and the 17-year high of 130.0 in February.
                        • RBNZ Financial Stability Report

                        Support and Resistance levels




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

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

                        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.

                        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.

                        Comment


                        • Date : 31st May 2018.

                          MACRO EVENTS & NEWS OF 31st May 2018.




                          Asian Market Wrap:German retail sales jump 2.3% m/m in April. A much stronger rebound from the dip in March than anticipated. With March numbers revised up to -0.4% m/m from -0.6% m/m, the annual rate still fell back to 1.2% from 1.7% y/y in the previous month, although the timings of Easter are likely to still distort the annual comparison. The numbers are volatile and often subject to heavy revisions, but the rebound over the month is still a positive sign after a raft of disappointing data that cast a shadow over the German growth outlook.

                          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.

                          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.

                          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.

                          Comment


                          • Date : 1st June 2018.

                            MACRO EVENTS & NEWS OF 1st June 2018.



                            FX News Today

                            European Fixed Income Outlook: that it was proceeding with slapping tariffs on steel and aluminium imports from Canada. The U.S. also hit Mexico and the EU with the same tariff (even though Mexico is a net buyer of U.S. steel and aluminium), and all three rapidly responded with announcements of counter tariffs. This weighed on global stock markets and underpinned safe havens, including the yen. In the mix were a bag of perky U.S. data releases, including weekly initial claims, personal income and the latest Chicago PMI survey, a spike in Eurozone HICP to 1.9% y/y in the preliminary May estimate from 1.2% y/y in April, above-forecast China manufacturing PMI and a miss in Japanese production data for April.

                            Canada announced plans to challenge the U.S. tariffs via both NAFTA and the WTOCharts of the Day



                            Main Macro Events Today
                            • expected to confirm preliminary numbers, leaving the Eurozone reading at a still robust 55.5.
                            • anticipate to dip to 53.5 in the headline reading from the 53.9 reading of April.
                            • expected to rise 188,000 in May, following a weaker-than-expected April gain of 164,000.
                            • estimated to tick up to 58.1 from 57.3 in April.
                            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.

                            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.

                            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.

                            Comment


                            • Date : 4th June 2018.

                              MACRO EVENTS & NEWS OF 4th June 2018.



                              Main Macro Events This Week
                              The strength in the U.S. jobs report helped unwind a lot of the recent angst over trade tensions and geopolitical uncertainties that many investors feared were jeopardizing the global upswing in growth. The acceleration in the U.S. should override tariff worries, and the momentum should help offset the slowing out of Europe, especially as the uncertainties over the political situations in Italy and Spain have been resolved for now. The markets are likely to be consolidative this week as a number of factors impact.

                              United States(Tuesday) will be of most interest given the timeliness of the release. An increase by 0.7 point to 57.5 is expected, after falling 2.0 points to 56.8 in April, after hitting a 12-year high of 59.9 in January. The April JOLTS data (Tuesday) will add some details to the outlook but will be anticlimactic following the employment report. And while it continues to corroborate the strength in the labor market, it also suggests the market may not be as tight as perceived. The April trade report (Wednesday) will be tracked given the tariff uncertainties, and it will also help fine tune the improved Q2 GDP outlook.

                              Canada: Canadian employment tops a busy week of economic data. The employment report (Friday) is expected to reveal a 20.0k bounce in jobs during May after the 1.1k dip in April, while the unemployment rate holds at a 40-year low 5.8%. The trade report (Wednesday) takes second place in the rankings of most-important-release-this-week, with the deficit expected to narrow to -C$2.8 bln in April from a -C$4.1 bln shortfall in March. Q1 productivity (Tuesday) is projected to slip 0.1% (q/q, sa) following the 0.2% gain in Q4. Building permits (Wednesday) are expected to fall 2.0% (m/m, sa) in April after the 3.1% rise in March values. The May Ivey PMI (Wednesday) is anticipated to slip to a still firm 70.0 in May from the seasonally adjusted 71.5 in April that was the firmest reading since the 73.2 seen in March of 2011. May housing starts (Friday) are expected to expand at a 215.0k unit pace, little changed from the 214.4k growth rate in April. Q1 capacity utilization (Friday)(Thursday, 10:30 ET) with a press conference to follow at 11:15 ET. In the November Review, the Bank said the high level of household indebtedness and housing market vulnerabilities were the most important vulnerabilities.

                              Europe: Political uncertainty in Italy and Spain may be resolved for now. But while the markets celebrated the new governments in Spain and Italy on Friday, the changes could spell trouble for the ECB and the stability of the Eurozone down the line if they bring uncontrolled deficit spending. With that in mind, and spreads having come in again, the chances that the ECB will commit to an end date for QE at the June 14 meeting(Thursday) which are expected to show a 0.7% m/m rebound. German industrial production for April(Friday) and the trade balance (Friday). Final Eurozone Q1 GDP is widely expected to be confirmed at 0.4% q/q, but comes with a slight downward bias, after the revision to the final French reading. The earlier timing of Easter and adverse weather conditions left their mark on growth in the first quarter and the data are too backward looking to really change the outlook.The calendar also has final Eurozone May services PMI, Eurozone retail sales and PPI inflation, and a German I/L bond auction Thursday, followed by a 5-year Bobl auction Wednesday. France sells bonds Thursday.

                              UK: Brexit negotiations will continue this week while the data schedule is fairly quiet, highlighted by the release of the construction and services PMI surveys for May (due Monday andTuesday,respectively). The construction PMI expected to come in with a headline reading of 52.0, down from 52.5 in April, which would indicate a modest slowing in the pace of expansion. Market participants will be keeping a watch out on the evolving Brexit negotiation, which is in a crucial phase and which remains fluid.

                              Japan: In Japan, April personal income and PCE (Tuesday) should show consumption rising to a 1.0% y/y pace from the previous -0.7%. The second look at Q1 GDP (Friday) is penciled in at -0.4% q/q, modestly improving from the preliminary -0.6% pace. The April current account surplus (Friday)is set to narrow to JPY 2,000.0 bln from 3,122.3 bln.

                              trade balance (Friday)Australia:(Tuesday) is expected to result in no change to the current 1.50% rate setting. In the April meeting, Governor Lowe repeated that the low level of interest rates is supporting the economy. Something similar is expected in the June statement, consistent with a low for long outlook for policy. The data slate is highlighted by Q1 GDP (Wednesday),expected to accelerate to a 0.7% growth rate (q/q, sa) from the 0.4% pace in Q1. Retail sales (Monday) are projected to expand 0.4% (m/m, sa) in April after the flat reading in March. The current account (Tuesday) is projected to narrow to a -A$9.0 bln deficit in Q1 from -A$14.0 bln in Q4. The trade balance (Thursday) is seen narrowing to a A$1.1 bln surplus in April from A$1.5 bln in March.

                              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.

                              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.

                              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.

                              Comment


                              • Date : 6th June 2018.

                                MACRO EVENTS & NEWS OF 6th June 2018.




                                FX News Today
                                Asian Market Wrap: Risk appetite is back and stocks in Asia moved mostly higher in tandem with U.S. futures. Treasury yields picked up and the 10-year yield is at 2.939%, up 1.1 bp. 10-year JGB yields climbed 0.3 bp to 0.043%. Concerns about rising protectionism seem on hold for now, and Nikkei and Topix are up 0.39% and 0.12% respectively, the Hang Seng gained 0.52%. The CSI 300 meanwhile is down -0.20%, in tandem with Shanghai and Shenzen Comps amid lingering concerns about Sino-American relations. U.S. stock futures meanwhile are broadly higher and oil prices are set for a second day of gains and currently trading at USD 65.89 per barrel.

                                FX Update: Both the dollar and yen have traded softer against most other currencies. EURUSD has edged out a two-week high at 1.1734. EURJPY also posted a two-week peak, though the euro has traded more mixed (i.e. net neutral) versus other currencies, with euro crosses having flattened out for the most part out after rallying over the last week on the shifting Italian political situation. Concerns remain about Charts of the Day


                                Main Macro Events Today
                                • expected rising to a 0.3% m/m from 0.2% m/m in April.
                                • MPC Member Tenreyro & MPC Member McCafferty Speech
                                • the deficit expected to narrow to -C$2.8 bln in April from a -C$4.1 bln shortfall in March. Building permits are expected to fall 2.0% (m/m, sa) in April after the 3.1% rise in March values.
                                • US Crude Oil Inventories
                                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.

                                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.

                                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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