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  • Date : 20th November 2017.

    MACRO EVENTS & NEWS OF 20th November 2017.




    FX News Today

    After a couple of panicky moments in global equities over the past week, the markets will keep a wary eye on political developments. In Washington, the House passed its version of tax reform, but the process of reconciling that with a Senate bill could put a damper on the holidays. Political risks loom large in Europe too. Brexit remains a major uncertainty; Merkel has yet to form a government in Germany, while ousted Catalan leaders still have a chance in the December snap election. Trading should quiet this week, however, with the U.S. and Japan on holiday Thursday for Thanksgiving. There’s little on the economic calendars as well.

    United States: The economic calendar will be heavily front-loaded, especially on Wednesday ahead of the long Thanksgiving weekend. That will make for a frantic action packed early week of data. Leading indicators are expected to rebound 0.4% (Monday) in October from their 0.2% decline in September. The Chicago Fed National Activity Index is on tap for October (Tuesday), along with October existing home sales seen rising 0.7% to a 5.43 mln unit pace from 5.39 mln previously — in line with gains in other housing indicators in the month such as the NAHB index. The MBA mortgage market index returns (Wednesday), accompanied by October durable goods orders forecast to rise 0.5% vs 2.0% in September thanks to the hurricane rebound, or 0.4% ex-transportation. Initial jobless claims should resume their decline by 15k to 234k for the week ended November 18 (Wednesday), while final Michigan sentiment may be nudged to 98.0 in November from a preliminary 97.8, down from 100.7 in October. Rounding out the week are Markit PMIs (Friday).

    Canada: In Canada the data and event docket is fairly thin this week. September wholesale shipments (Tuesday) are expected to rise 0.7% m/m after the 0.5% gain in August. Retails sales (Thursday) are projected to rebound 1.0% m/m in September after the 0.3% decline in August. The ex-autos sales aggregate is seen rising 0.8% m/m on the heels of the 0.7% tumble in August. The wholesale and retail reports comprise the final two reports that directly inform the forecast for September GDP. As-expected reports would be consistent with the projection for a 0.1% m/m bounce-back in September GDP following the 0.1% drop in August and flat reading in July. For the quarter, GDP is tracking around 1.8% (q/q, saar), which would match the BoC’s Q3 estimate from the October MPR. Hence, the data this week should be supportive of current expectations for a very cautious approach from the BoC to removing accommodation.

    Europe: The data calendar includes the second reading of German Q3 GDP (Wednesday), widely expected to be confirmed at 0.8% q/q. And the breakdown, which will be released for the first time, will likely show ongoing robust domestic demand, but also a contribution from net exports to overall growth amid a strengthening world economy. Looking ahead, preliminary November PMI readings (Thursday) as well as the German Ifo (Friday) could ease slightly, but are expected to remain at high levels, consistent with ongoing robust growth in Q4 and going into 2018. The economic calendar also has Eurozone consumer confidence, French national confidence data and Italian orders among others. Events include a German 30-year auction, the ECB’s account of the last policy meeting and a wealth of ECB speakers including Draghi, Coeure and Constancio. Draghi and Constancio in particular are likely to continue to defend the ECB’s line that despite stronger growth the economy and inflation in particular still need ongoing monetary support, while others including Bundesbank President Weidmann would have preferred a clearer commitment to an end date for QE.

    UK: Time is ticking on the next deadline — the December EU leaders’ summit — for the UK and EU to agree on Brexit divorce terms. There remains little sign that an accord will be reached, however, and many signs of deadlock — not just on the final financial settlement but also the Northern Ireland border issue, which is starting to look like a major sticking point, with Ireland threatening to block the Brexit process entirely. The calendar this week brings monthly government borrowing data (Tuesday), the November CBI industrial trend survey (also Tuesday), the Chancellor’s mid fiscal year budget (Wednesday), the second estimate for Q3 GDP (Wednesday), and, finally, the November CBI distributive sales survey (Thursday). The CBI surveys, being relatively narrow in terms of respondents, will largely be overlooked by markets, while the Chancellor’s room for fiscal manoeuvre is limited. GDP data is expected to confirm the preliminarily estimated 0.4% q/q and 1.5% y/y growth rates.

    Japan:In Japan, the September all-industry index (Tuesday) is penciled in at -0.5% from up 0.1% in August.

    Australia: In Australia, it is a busy week for the Reserve Bank of Australia. The Bank’s Head of Financial Stability Kearns speaks at the Aus-China Property Developers Investors and Financiers event (Monday). Head of Domestic Markets, Marion Kohler, delivers a speech (Monday) to the Australian Securitisation Forum 2017. The RBA’s Assistant Governor (Financial System) Michele Bullock is a panel participant at the Women in Payments Symposium. The calendar is empty of top tier data, with Q3 construction work done (Wednesday) the lone highlight.

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

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

    Click HERE to access the full HotForex Economic calendar.

    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

    Click HERE to READ more Market news.


    Andria Pichidi
    Market Analyst
    HotForex


    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

    Comment


    • Date : 21st November 2017.

      MACRO EVENTS & NEWS OF 21st November 2017.




      FX News Today

      European Outlook: Asian stock markets rebounded from the weak session on Monday. Chinese shares in Hong Kong rallied on financial companies following, while the ASX 200 underperformed despite a weaker currency after dovish RBA minutes. U.K and U.S. stock futures are mostly slightly down, despite the positive leads out of Asia and reports that PM May is willing to double the “divorce” settlement to the EU to EUR 40 bln ahead of the December EU summit that could clear the way for early trade and transition talks. BoE’s Ramsden said last night that Brexit prospects are reinforcing the trend of declining productivity in the economy. In Germany there are more signs that another round of elections is underway, after Merkel said yesterday that whe prefers new elections to leading a minority government as both FDP and SPD still refuse to enter a coalition with the Chancellor. Germany’s political turmoil failed to dent confidence in the GER30 yesterday, but still has the potential to shake markets going ahead. Today’s calendar has public finance data out of the U.K.

      Market Summary: Trading was rather quiet to start the week, with little on the global agenda, and nothing on the US domestic calendar, to provide a spark. Markets were quick to shrug off the failure of German Chancellor Merkel establish a coalition government, while ECB’s Draghi continued to urge policy patience. Political uncertainty in Germany after news that Chancellor Merkel has been unable to form a minority government caused an early stir, weighing on equities and giving bonds a little bid. But, that was quickly shaken off after President Steinmeier stepped in to try and get parties back to the negotiating table. Beliefs the German economy was also strong enough to withstand any turbulence saw the GER30 rebound and Bund yields rise. Meanwhile, U.S. leading indicates leapt 1.2% in October, though reaction was typically minimal given the rebound from the hurricanes. Yellen also confirmed she plans to leave the Fed board as part of the expected handover to Powell. Canadian markets were generally hostage to these events, along with uncertainties over the U.S. political situation, and especially tax policies.

      Main Macro Events Today

      RBA – RBA Gov Lowe speaks at the Australian Business Economists Annual Dinner, in Sydney.

      UK Inflation & Public Net Borrowing – Expectations – Monthly government borrowing data expected at 6.6B Pounds. BOE Governor and MPC members testify on inflation and the economic outlook prior Parliament’s Treasury Committee.

      Canadian Wholesale Sales – Expectations – a rise at 0.6% from 0.5% seen last month.

      US Existing Home Sales – Expectations – seen rising 0.7% to a 5.43 mln unit pace from 5.39 mln previously.

      Charts of the Day



      Support and Resistance Levels



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

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

      Click HERE to access the full HotForex Economic calendar.

      Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

      Click HERE to READ more Market news.


      Andria Pichidi
      Market Analyst
      HotForex


      Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
      HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

      Comment


      • Date : 22nd November 2017.

        MACRO EVENTS & NEWS OF 22nd November 2017.




        FX News Today

        European Outlook: Asian stock markets mostly moved higher after new highs on Wall Street ahead of the U.S. Thanksgiving holidays. Optimism over global growth continues to propel indices higher although the CSI 300 retreated slightly after yesterday’s gains, as yields spiked in China, while coming down in Japan, Australia, New Zealand. UK100 and U.S. stock futures are also higher, as are oil prices, with the front end WTI future trading at USD 57.68 per barrel. The European data calendar is pretty empty, with only preliminary Eurozone consumer confidence in the afternoon. Events include a German 10-year Bund auction and the U.K. budget, while in Germany Merkel’s search for a way out of the stalemate continues.

        U.S. equities are back at record highs after their opening lunge higher, propped up by a solid run higher in China on hopes regulators there will managed their shadow banking problems (Hang Seng rallied 1.9%) and hopes that Germany’s Merkel will extricate herself to form a coalition government without calling for new elections (German GER30+0.8%). That spilled over to a pre-Thanksgiving binge on Wall Street, paced by a 1% rally on NASDAQ and followed by 0.6-0.7% gains on the blue chip indices. Speaking of tech, Apple +2%, 3M +1.5% and Microsoft +1.3% are the Dow’s leaders on the upside, while Wal-Mart -0.7% is the deepest decliner. The VIX equity volatility index is 6.7% lower and back under 10.0, well off the 14.51 November high set amid tax cut plan divergence between the House and Senate. That fear now appears to be on the back-burner, though some heavy lifting remains to reconcile the two tax bill versions and sell the unified plan to the public before year-end. Meanwhile, the USDIndex remains around 94.0, while gold rebounded back over $1,283 and WTI crude has consolidated 1.5% higher near $57.92 bbl.

        Main Macro Events Today

        UK Autumn Forecast Statement – Released yearly
        .
        US Durable Goods – Expectations – rise 0.3% vs 2.0% in September due to the hurricane rebound, or 0.4% ex-transportation.

        US Jobless Claims & UoM Sentiment- Expectations – revised their decline by 15k to 234k for the week ended November 18, while final Michigan sentiment may be nudged to 98.0 in November from a preliminary 97.8, down from 100.7 in October.

        Oil Inventories – Expectations – decrease by 1.4 mln barrels.

        FOMC Meeting Minutes –

        Charts of the Day



        Support and Resistance Levels



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

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

        Click HERE to access the full HotForex Economic calendar.

        Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

        Click HERE to READ more Market news.


        Andria Pichidi
        Market Analyst
        HotForex


        Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
        HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

        Comment


        • Date : 23rd November 2017.

          MACRO EVENTS & NEWS OF 23rd November 2017.




          FX News Today

          European Outlook: Asian stock markets headed south, with the CSI 300 selling off and losing nearly 1.90%, dragged down by bond markets with Chinese yields on sovereign debt but also top-rated corporate notes at the highest level in three years and the 10-year is approaching the 4% mark. More than USD 1 trillion of local bonds mature next year and the bond market rout will make is very expensive for companies to refinance as the deleverage push gathers pace. The Hang Seng dropped -0.32%, the ASX closed unchanged, while Japan was closed for a holiday. With the U.S. also out of the picture today trading is likely to be quieter than usual. UK100 futures are down ahead of a busy local calendar with second readings for German and U.K. Q3 GDP alongside preliminary Eurozone PMI readings as well as French confidence data and the ECB minutes for the last policy meeting, where the ECB announced its new QE program.

          FOMC minutes showed concerns over low inflation, with worries that some of the softness could be due to more persistent factors. Remember this uncertainty has recently been brought up by Fed Chair Yellen. The minutes to the October 31 – November 1 meeting said “with core inflation readings continuing to surprise to the downside…many participants observed that there was some likelihood that inflation might remain below 2% for longer than they currently expected.” While that worry was the general thread, there actually was considerable hemming and hawing on whether the weakness was more transitory or was becoming perhaps persistent, as well as what to do about it. Nevertheless, “nearly all participants” affirmed a gradual approach to raising rates, which supports market expectations for a 25 bp hike at the December 12, 13 meeting. Policymakers noted continued strength in the labor market, along with moderate household spending, as consistent with above trend growth. Outlooks on wage developments were more mixed, but overall growth was seen as moderate. There was nothing in the minutes to negate expectations for a December tightening, although the fears that low inflation might be becoming more persistent support beliefs the FOMC might trim its dot plot to two tightening in 2018, from the current three.: The dollar faded further after the FOMC minutes, which showed concerns over low inflation, with worries that some of the softness could be due to more persistent factors. EURUSD topped over 1.1825, while USDJPY sank to 111.15.

          Main Macro Events Today

          German PMI – Expectations – the November manufacturing PMI falling to 60.4 from 60.6 and the services reading to 55.0 from 54.7.

          EU PMI – Expectations –the November manufacturing PMI falling to 58.3 from 58.5 and the services reading to remain stable at 55.0.

          UK GDP – Expectations – 0.4% q/q and 1.5% y/y growth rates.

          ECB Monetary Policy Metting Accounts

          CAD Retail Sales – Expectations – at 1.0% m/m in September after the 0.3% decline in August.

          Charts of the Day



          Support and Resistance Levels



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

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

          Click HERE to access the full HotForex Economic calendar.

          Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

          Click HERE to READ more Market news.


          Andria Pichidi
          Market Analyst
          HotForex


          Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
          HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

          Comment


          • Date : 24th November 2017.

            MACRO EVENTS & NEWS OF 24th November 2017.




            FX News Today

            European Outlook: : Asian stock markets moved slightly higher in quiet trade. The rout on Chinese bond and stock markets that dominated Thursday’s session faded and the Nikkei managed a 0.12% gain as the yen weakened. Chinese bond markets declined somewhat, Treasury yields climbed higher, underpinning the USD. With most U.S. investors out for the Thanksgiving holiday and markets closed Thursday, trading in Asia remained lacklustre even as Japan reopened. European and U.S. stock futures are also moving higher, oil prices are up and the WTI future is trading at USD 58.47. In Europe, the calendar still holds German Ifo investor sentiment, which could come in higher than expected after the surprisingly strong PMI readings yesterday. There seems to be come movement in Germany’s political stalemate with hopes that the SPD may take back its “no” to a coalition with Merkel’s CDU/CSU and ECB’s Couere said the deposit rate will stay at -0.4% for a long time.

            Canada’s drop in retail sales volumes adds another hit the September GDP outlook. Retail sales volumes fell 0.6% m/m in September after an 0.5% decline in August and a 0.3% fall in July, contrasting with the gains from January to June. The BoC tagged a fading child tax credit boost as a key driver of the Q1 and Q2 consumption gains and subsequent drop off. There was a 1.1% tumble in wholesale shipment volumes. There was a 0.7% bounce in manufacturing shipment volumes. The contribution from construction production could be mildly negative, as housing starts fell 2.8% to a 219.3k pace in September from 225.6k in August. But the outlook for mining, oil and gas production is upbeat. Energy export values grew 7.2% m/m in September. The manufacturing report’s petro and coal shipments measure improved 10.3% m/m in September. But while we’ve seen some disappointing reports of late, the BoC has projected slowing in the second half after the robust first half. And the slowing, at this point, looks to be close to what they projected in October. BoC speakers have been clear that the economy, along with uncertainty over NAFTA, has led them to a cautious stance on further rate increases.

            Main Macro Events Today

            German IFO- Expectations – Business IFO falls by 0.1 to 116.6.

            US Markit PMI – Expectations –the November Prelim. Manufacturing PMI rising to 54.8 from 54.6 and the services reading to 55.5 from 55.3

            ECB Vice President Constancio and ECB Coeure speech

            Charts of the Day



            Support and Resistance Levels



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

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

            Click HERE to access the full HotForex Economic calendar.

            Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

            Click HERE to READ more Market news.


            Andria Pichidi
            Market Analyst
            HotForex


            Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
            HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

            Comment


            • Do you provide candlestick analysis in your webinars?

              Comment


              • Date : 27th November 2017.

                MACRO EVENTS & NEWS OF 27th November 2017.




                FX News Today

                The end of the year is fast approaching. But, there is still a lot to be done over the next thirty days, with several important events and data reports to be assessed and digested before the markets can turn out the lights on 2017. One of the most crucial developments will be whether a tax reform bill can be crafted. Meanwhile, this week brings Fed Chair nominee Powell’s confirmation hearing, JEC testimony from Yellen, and an OPEC meeting. Political uncertainty in Germany will be an undercurrent ahead of Brexit talks in early December, with the EU Leaders Summit in mid-December, as well as ECB and FOMC meetings. And, a variety of top tier data on growth, inflation, production, and trade will help fine tune outlooks into 2018.

                United States: There’s plenty in the U.S. this week to pique interest heading into December and year end. The holiday shopping season kicked off in style on Black Friday with strong retail spending, both in brick and mortar shops and online, with estimates around $33 bln, according to Customer Growth Partners data, which would be a 4.9% y/y pick up. Along with the focus on holidays, attention will turn to Congress which returns from the Thanksgiving recess and will set to work on the tax bill. Additionally, Fed Chair Yellen’s give her final JEC testimony (Wednesday). The Senate Banking Committee also begins hearings on Fed chair nominee Powell (Tuesday). The Beige Book is on tap too. (Wednesday).

                As for data, revised Q3 GDP (Wednesday) will be a focal point. The November ISM (Friday) is estimated slipping to 58.3 from 58.7. November vehicle sales (Friday). October new home sales (Monday) are expected to drop 10% to a 600k pace unwinding some of the hurricane-distorted 18.9% jump in September to 667k. November consumer confidence (Tuesday) is seen edging up to 126.0 from 125.9. October personal income and consumption (Thursday) will help further fine tune GDP forecasts, and will also be important gauges ahead of the holiday shopping season. Other housing data is slated this week includes the September Case-Shiller home price index (Tuesday), the September FHFA home price index (Tuesday), and October pending home sales (Wednesday). Construction spending (Friday) likely rose 0.7% in October after a 0.3% September gain. Also on tap is the November Dallas Fed’s manufacturing index (Monday), which surged 6.3 points to 27.6 in October, as well as the Chicago PMI, which is projected falling to 61.0 in November from 66.2.

                Canada: Employment, GDP and the BoC’s Financial System Review headline a busy week of data and events. GDP (Friday) is expected to reveal a slowdown to a 1.6% Q3 pace of real GDP growth (q/q, saar) from the 4.5% growth rate in Q2. A slowdown in growth after the robust first half has been well-flagged by the BoC. Employment (Friday) is seen rising 20.0k in November after the 35.3k increase in October. The current account deficit (Thursday) is anticipated to widen to -C$20.0 bln in Q3 from -C$16.3 bln in Q2, as the nominal trade deficit ballooned in Q3. The industrial product price index (Tuesday) is expected to rise 0.5% in October (m/m, nsa) after the 0.3% decline in September, as energy and commodity prices moved higher while the loonie lost value against the U.S. dollar. September average weekly earnings are due Thursday. The CFIB’s November Business Barometer sentiment measure of small and medium firms is due out Thursday. Meanwhile, the Bank of Canada releases the Financial System Review on Tuesday. Governor Poloz and Senior Deputy Governor Wilkins will take questions from the press.

                Europe: November seems to be ending on an upbeat note with plenty of reason for cheer. Confidence indicators have surged higher; the recovery remains on track; the ECB is still in a generous mood and there are glimmers of hope on the political fronts as well. This month’s round of survey data concludes with the European Commission’s November ESI Economic Confidence Indicator (Wednesday), which after the very strong PMI readings, is expected to show a marked uptick, especially as preliminary consumer confidence numbers have already came in much higher than anticipated. The German labour market in particular is looking increasingly tight and a decline in the November sa jobless number is anticipated (Thursday) of -7K, which would leave the adjusted unemployment rate at a record low of 1.5%. Overall Eurozone numbers meanwhile are also improving and the unemployment rate (Thursday) is likely to dip to 8.8% from 8.9% in September. The HICP rates anticipated to rise around 0.2%, which would bring the German rate (Wednesday) to 1.7%, the Italian (Wednesday), French (Thursday), both to 1.3% y/y and the overall Eurozone rate (Thursday) to 1.6% y/y from 1.4%. Though still below the ECB’s upper limit for price stability, growth indicators looking stronger than anticipated, making the ECB’s decision to extend the balance sheet once again and to leave QE open-ended, seem questionable. Indeed, there are more and more signs that while the ECB is reluctant to commit to a firm end date, in the central scenario the next QE program that ends in September next year, will likely be the last. The calendar also has Eurozone M3 money supply growth, French consumption, German retail sales and another updated for French Q3 GDP.

                UK: There is a risk of Brexit-related disappointment into the EU leaders’ summit in mid-December. While an FT report early last week (citing sources) attested that the EU and UK have a breakthrough in the works with regard to agreeing on divorcing terms, doubts have persisted. The EU’s Juncker said Thursday “we’ll see” as to whether there has been sufficient progress to move forward at the December-4 meeting between May, himself and EU chief Brexit negotiation, Barnier. This week’s calendar brings October lending data from the BoE (Wednesday), the November Gfk consumer confidence survey (Thursday) and the manufacturing PMI survey (Friday). The lending data expected to show steady lending to consumers, both unsecured and lending secured on dwellings, while consumer confidence to nudge lower, and the November manufacturing PMI report, to stay unchanged from November and indicate ongoing expansion in the sector.

                Japan: October retail sales (Wednesday) are penciled in with a 1.0% y/y contraction after posting a 1.9% growth rate for large retailers. Overall sales are seen slowing to 0.3% y/y from 2.3% overall. October industrial production (Thursday) should rise to 1.5% y/y versus the previous 1.1% decline. October housing starts and construction orders are also due Thursday. The balance of releases come on Friday, with CPI figures headlining. The November manufacturing PMI, and November auto sales are also on Friday’s docket.

                China: official November CFLP manufacturing PMI (Thursday) is expected to slip to 51.4 from 51.6, while the November Caixin/Markit manufacturing PMI (Friday) is penciled in at 50.7 from 51.0.

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

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

                Click HERE to access the full HotForex Economic calendar.

                Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

                Click HERE to READ more Market news.


                Andria Pichidi
                Market Analyst
                HotForex


                Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
                HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

                Comment


                • Date : 28th November 2017.

                  MACRO EVENTS & NEWS OF 28th November 2017.




                  FX News Today

                  European Outlook:Asian stock markets headed south again, as declines and energy and mining stocks led shares lower amid a further drop in metal prices. Concern China’s regulators may limit the flow of funds into Hong Kong’s stock markets adding to pressure. The China Securities Regulatory Commission is suspending approval of mutual funds that plan to allocate more than 80% in Hong Kong listed shares, according to media reports. The Hang Seng declined -0.65%, the CSP 300 was down -0.22%, against minimal losses in Nikkei and ASX 200. U.S. and U.K. stock futures are also heading south, as the U.S. tax debate gets underway. Oil prices are down and the front end WTI future is trading at USD 57.75. Today’s local calendar remains relatively quiet, but includes Eurozone M3 money supply, Canadian RMPI, US Housing Index, trade, consumer confidence, RBNZ Stability Report and lot of Fedspeeches.

                  German import price inflation fell back to 2.6% y/y in October, from 3.0% y/y in the pervious month. Like the deceleration in HICP inflation that month the drop was largely driven by lower energy prices and excluding energy the annual rate actually rose to 2.2% y/y from 2.1% y/y. So a confirmation that energy prices continue to play a dominant role in headline developments, but also that underlying inflation pressures are slowly picking up again even on the import price front.

                  U.S. reports: revealed a surprising 6.2% October new home sales climb to a hurricane-boosted 685k rate that marked a 10-year high, following a trimming in September’s prior cycle-high to 645k from 667k. Home sales rose 1% in the south despite huge prior gains, though we saw larger 6%-30% October gains in the other three regions. A preponderance of upside surprises in the construction and factory-sensitive reports through early-2018 given disaster-related rebuilding activity, are still widely expected. The Dallas Fed index bucked this boost however, as well as a likely lift from rising oil prices, with a headline drop to a still-firm 19.4 from an 11-year high of 27.6 in October, while the ISM-adjusted measure fell to 55.6 from a 57.9 October cycle-high. A small November drop-backs has been seen in most producer sentiment levels, though still-robust levels suggest upside risk to 3.0% Q4 GDP estimate, after an assumed Q3 boost to 3.5% from 3.0%.

                  Main Macro Events Today

                  US Consumer Confidence – Expectations – seen edging up to 124.0 from 125.9.

                  September Case-Shiller home price index and the September FHFA home price index

                  Canadian IPPI – Expectations –rise up to 0.5% in October (m/m, nsa) after the 0.3% decline in September.

                  Fed’s Dudley and FOMC Member Powell and Harker Speech

                  BoC Financial System Review – Governor Poloz and Senior Deputy Governor Wilkins speech at 16:30 GMT.

                  RBNZ Financial stability Report

                  Charts of the Day



                  Support and Resistance Levels



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

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

                  Click HERE to access the full HotForex Economic calendar.

                  Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

                  Click HERE to READ more Market news.


                  Andria Pichidi
                  Market Analyst
                  HotForex


                  Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
                  HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

                  Comment


                  • Date : 29th November 2017.

                    MACRO EVENTS & NEWS OF 29th November 2017.




                    FX News Today

                    European Outlook: Asian markets seem to have shrugged off North Korea’s missile launch and turned their focus to the progress of Trump’s tax cut plans, with a weaker yen, helping the Nikkei to rise 0.49%. the ASX is also up Hang Seng and CSI 300 are underperforming and struggling to hang on to marginal gains, and the MSCI Asia Pacific index gained for the first time in three days. China’s 10-year yield remained above 4% as the PBOC once again refrained from adding net liquidity. U.K. stock futures are down, despite reported that negotiators reached an outline deal on the Brexit “divorce bill”, which would lead the Irish border issue as the only obstacle to early trade and transition talks. Today’s calendar has Eurozone ESI economic confidence, preliminary inflation data out of Spain and Germany, U.K. money supply and credit growth as well as French GDP and consumer spending.

                    Negotiators reached outline deal on Brexit “divorce bill”, according to Bloomberg reports.Cable surged nearly 100 points to 1.3325 following Bloomberg headlines (citing The Telegraph) saying that the U.K. and EU have agreed on divorce terms. EU leaders will still have the final say whether the offer is high enough to unblock talks on transition and trade agreements. There also remains the difficult and sensitive issue of the Irish border, but Irish Foreign Minister Coveney said U.K. and EU teams are discussing possible wordings for a commitment on the border issue, that would allow trade talks to move ahead. Ireland can still block the move at the December summit where heads of states will to sign off any possible deal.

                    Main Macro Events Today

                    EMU ESI confidence – Expectations – 114.6 up from 114.0 in October

                    US Prelim GDP – Expectations – upward revision to a 3.2% rate of growth, versus the initial 3.0% print.

                    BOE Governor Carney Speaks at 14:00 GMT and BOE Ramsden speaks at 14:45 GMT

                    Fed Chair Yellen Testifies at 15:00 GMT

                    Charts of the Day



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

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

                    Click HERE to access the full HotForex Economic calendar.

                    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

                    Click HERE to READ more Market news.


                    Andria Pichidi
                    Market Analyst
                    HotForex


                    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
                    HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

                    Comment


                    • Date : 30th November 2017.

                      MACRO EVENTS & NEWS OF 30th November 2017.




                      FX News Today

                      European Outlook: The global sell off in tech stocks continued in Asia, Japanese markets managed to outperform, underpinned by financials and the Nikkei managed a gain of nearly 0.6%, but the Hang Seng dropped 1.5%, the CSI 300 1.3% and the ASX declined 0.69%, after the government announced an inquiry into banks. South Korean listed shares dropped after the central bank hiked interest rates. UK100 futures are heading south, U.S. futures are narrowly mixed. Data releases in Europe include Eurozone jobless numbers and most importantly preliminary Eurozone HICP readings for November.

                      Sterling continued has extended its ascent into a third day, with Cable punching out a fresh two-month high of 1.3480 and EURGBP plumbing a three-week low. Reports continue to point to a deal-in-the-works between the EU and the UK on the final financial settlement, and there is also raised hopes that an agreement will be made on the Irish border issue (and so avoid the spectre of a Dublin veto). Elsewhere, EURUSD has remained buoyant, although has thus far remained below yesterday’s peak at 1.1882. USDJPY rose for a third straight session, logging an 11-day peak of 111.24. This is the biggest rebound the pair has seen in four weeks, marking a break in the down phase that’s been in place since November (both breaking above and closing above trend resistance yesterday). Strong gains have also been seen in EURJPY, which is up nearly 1% over the last day, along with GBPJPY, which has surged by nearly 2% over the last two days. The yen, which is generally regarded as the safe haven currency of choice, has clearly not been in demand despite the haemorrhage in tech stocks over the last day, and concerns about North Korea’s ongoing development of ICBM capability.

                      Main Macro Events Today

                      EU CPI – Expectations – rise by 0.2% for November from 0.9% seen in October.

                      EU Unemployment Rate – Expectations – Unchanged at 8.9% for October

                      US Unemployment Claims and PCE – Expectations – Unemployment Claims expected at 240K from 239K seen last week, while core PCE expected to rise to 0.2% m/m from 0.1%.

                      Last day of OPEC meeting

                      Charts of the Day



                      Support and Resistance Levels



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

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

                      Click HERE to access the full HotForex Economic calendar.

                      Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

                      Click HERE to READ more Market news.


                      Andria Pichidi
                      Market Analyst
                      HotForex


                      Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
                      HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

                      Comment


                      • Date : 1st December 2017.

                        MACRO EVENTS & NEWS OF 1st December 2017.




                        FX News Today

                        European Outlook: Asian stock markets traded mostly higher as tech stocks recovered on Wall Street and key oil exporting countries agreed to extend production cuts. Hang Seng and CSI 300 underperforming once again, after a weak Caixin manufacturing PMI reading. U.K. and U.S. stock futures are in the red, however, Japanese and U.S. long yields are down. Meanwhie, WTI crude languishes at the bottom of its intra day range, trading just above the $57.00 mark, as OPEC and Russia agrees to continue output caps through the end of 2018. The agreement will reportedly be reviewed in June of next year. This was the outcome most had been looking for, though with the market still overweight on the long side, profit taking may keep further gains out of reach until positioning returns to a more neutral state. Today’s calendar has final Eurozone manufacturing PMI readings for November, which are not expected to bring major surprises and confirm preliminary readings. The U.K. CIPS manufacturing meanwhile is sseen steady at 56.5, unchanged from October.

                        FX Action: USDJPY edged out an 11-day high of 112.69 in the early Asia-Pacific session, and has since remained buoyant. This makes it the fourth consecutive day the pair has risen. Yen weakness has been driving the move. EURJPY logged a four-month high, at 134.29, GBPJPY a two-month high of 152.52, and AUDJPY a 10-day peak. A flood of data releases were seen today out of Japan, the more salient of which from a monetary policymaker perspective, was that inflation remains benign, with the October CPI headline coming in a just 0.2% y/y and the core CPI version at 0.8% y/y, well off the 2.0% BoJ target. Other data included a solid outcome in the November manufacturing PMI, which rose to a 53.6 reading from 52.8 in the month prior, its best in 44 months. Capital expenditure rose a solid 4.3% q/q in Q3, while labour data showed that the job to applicant ratio rose to its highest since January 1974.

                        Main Macro Events Today

                        EU & German Manuf. PMI – Expectations – rise by 0.2% for November from 0.9% seen in October.

                        Canadian GDP – Expectations – slowdown to a 1.6% Q3 pace of real GDP growth (q/q, saar) from the 4.5% growth rate in Q2.

                        Canadian Employment Data – Expectations – improve by 20.0k in November after the the 35.3k gain in October

                        US ISM Manuf. PMI – Expectations – slip to 58.4 from 58.7 for November.

                        Charts of the Day



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

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

                        Click HERE to access the full HotForex Economic calendar.

                        Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

                        Click HERE to READ more Market news.


                        Andria Pichidi
                        Market Analyst
                        HotForex


                        Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
                        HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

                        Comment


                        • Date : 4th December 2017.

                          MACRO EVENTS & NEWS OF 4th December 2017.




                          FX News Today

                          The collision of two opposing forces on Friday put the markets in a lather as the Senate tax cut bill garnered sufficient momentum to pass by the skin of McConnell’s teeth, but offset by news that former Trump advisor Flynn plans to plead out to lying to the FBI and indicate he was directed (by someone) to contact the Russians. According to several reports, that “someone” now appears to have been Trump’s son-in-law Kushner, who has meanwhile been invited back before the Senate Intelligence panel. At least in the short-term, this was a clear victory for volatility for a change, which was one of the main beneficiaries, contributing to large swings in stocks, yields and the dollar. It seems that December has begun with a bang and the last month of the year is certainly setting up to be an eventful one ahead of the holidays and before we close out 2017

                          United States: The U.S. economic calendar will feature a steady drumbeat of factory, trade, ISM services, ADP, productivity and credit data all setting the table for the main course on Friday — the jobs report. November non-farm payrolls are expected to increase by 260k, with a 250k private payroll gain following the October 261k print. Factory goods orders are forecast (Monday) to rise 0.2% for October after a 1.5% gain in September. The trade deficit is expected (Tuesday) to widen to -$47.5 bln in October vs -$43.5 bln, while ISM Non-Manufacturing index is set to slip to a still-respectable 59.0 in November from 60.1. The MBA mortgage market indices are due (Wednesday), along with the release of the private ADP employment survey. Q3 productivity is expected to increase 3.3% vs 3.0% in Q2 (Wednesday), allowing unit labor costs to slip 0.1% from 0.5%. Initial jobless claims may slip 2k to 236k for the December 2 week (Thursday). Rounding out the week after the payrolls report (Friday) will be preliminary Michigan sentiment and wholesale trade.

                          Canada: The BoC’s announcement (Wednesday) is the focus this week. No change is expected in the current 1.00% rate setting. Taking into consideration ongoing uncertainty over NAFTA and the Bank’s desire to gauge the impact of this year’s 50 bp in hikes and upcoming mortgage rule changes, the next hike is anticipated in March at 25 basis point move. Meanwhile, a busy data calendar is on tap this week. The October trade deficit (Tuesday) is expected to narrow to -C$2.6 bln from -C$3.2 bln in September. Productivity (Wednesday) is expected to contract 0.5% (q/q, sa) in Q3 after the 0.1% dip in Q2, as hours worked growth remained firm but output growth slowed sharply. Building permits (Thursday) are expected to fall 1.0% in October after the 3.8% gain in September. Housing starts (Friday) are projected to slow to a 215.0k unit growth rate in November from the 222.8k growth clip in October. Capacity utilization (Friday) is on track to improve to 85.1% in Q3 from 85.0% in Q2.

                          Europe: Political events move to the forefront again, as U.K. Prime Minister May is set to meet EU’s Juncker and Barnier on Monday and Germany’s Social Democrats are inching closer towards formal coalition talks with Chancellor Merkel and her CDU/CSU alliance. SPD leader Schulz has a chance to put the issue to a vote at a party conference this week but as the last round of coalition talks showed, even the start of formal negotiations would not secure that there will be a deal at the end. Data releases this week are expected to confirm the stronger than expected growth trajectory. The final reading of the November Eurozone Services PMI (Tuesday) is expected to be confirmed at 56.2, with companies reporting swift job creation, but also a buildup of inflationary pressures that will add to the arguments of the hawks at the ECB. German October manufacturing orders (Wednesday) may be expected to correct -0.2% m/m , after the rise of 1.0% m/m in the previous month, but the overall trend remains very strong. Meanwhile German industrial production should still benefit from the robust rise in orders in previous months and is expected to have expanded 1.0% m/m in October. The data calendar also includes German trade data, French production, Eurozone retail sales and producer price inflation. Supply comes from Germany, with a EUR 2 bln 10-year Bund auction scheduled for Wednesday.

                          UK: Monday’s meeting between British PM May and top EU officials will draw a lot of attention, as this is the juncture when an agreement on divorcing terms is now widely expected to be announced. The pound rallied by over 1% last week at the prompt of media reports suggest that both the UK and the EU have reached a concord with both the final financial settlement Britain will pay before leaving, to square exiting obligations, and the Irish border issue — the two thorniest issues of the three issues that comprise the overall divorcing arrangements (the other being the rights of EU and British citizens living in each other’s territory). Should this prove the case, talks on a post-Brexit trading relationship can begin, along with the possibility of a transitory period.

                          The data calendar this week is highlighted by the release of the construction and service-sector PMI November surveys (Monday and Tuesday, respectively). These will follow the much stronger than expected November PMI report for the manufacturing sector, released on Friday, which has offered fresh evidence of the impact that a competitive exchange rate and rising European demand have been having on the sector. Production and trade figures for October are also due on Friday.

                          Japan: In Japan, November services PMI (Tuesday) is penciled in edging up to 53.5 from 53.4 previously. Revised Q3 GDP (Friday) is forecast to improve to a 1.6% y/y pace, from the initial 1.4% reading. Also, the October current account surplus is seen narrowing to JPY 1,700 bln from 2,271 bln in September. November bank loan figures are also on deck Friday.

                          China: China November Caixin/Markit services PMI (Tuesday) is forecast at 51.5 from 51.2, while the November trade report (Friday) should see the surplus narrow to $35.0 bln from $38.2 bln. November CPI and PPI (Saturday) should show some slowing in inflation and we estimate the former at a 1.7% y/y clip from 1.9%, and 5.9% y/y from 6.9% for the latter.

                          Australia: The RBA is seen holding rates steady at the current 1.50% rate setting (Tuesday). The Q3 current account deficit (Tuesday) is seen narrowing to -A$9.0 bln from -A$9.6 bln. Retail sales (Tuesday) are expected to expand 0.3% m/m in October after the flat reading in September. GDP (Wednesday) is expected grow with a 0.5% gain (q/q, sa) in Q3 after the 0.8% improvement in Q2. The trade surplus (Thursday) is anticipated at A$1.9 bln in October from A$1.7 bln in September. Housing investment (Friday) is expected to rise 2.0% m/m in October after the 2.3% drop in September.

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

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

                          Click HERE to access the full HotForex Economic calendar.

                          Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

                          Click HERE to READ more Market news.


                          Andria Pichidi
                          Market Analyst
                          HotForex


                          Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
                          HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

                          Comment


                          • Date : 5th December 2017.

                            MACRO EVENTS & NEWS OF 5th December 2017.




                            FX News Today

                            European Outlook: The boost from U.S. tax cut hopes started to fade in Asia and equity markets mostly headed south, as investors moved out of tech stocks once again and into banks. The Nikkei closed down -0.37%, the Hang Seng is down -0.57%. U.S. futures moved higher, but UK100 futures are also down, as yesterday’s hopes of a Brexit deal that would pave the way for talks on trade and transition were smashed for now. Long yields moved higher in Asia, although late gains in Bund futures yesterday and the prospect that the GER30 is likely to retreat further from yesterday’s highs, could see yields also coming down somewhat in early trade. The data calendar includes the final readings of Eurozone services PMIs for November, as well as the U.K. services PMI and EMU retail sales. German coalition talks and Brexit negotiations remain in focus ahead of next week’s EU summit.

                            FX Action: USDJPY lifted marginally during the pre-European session in Asia. Higher U.S. Treasury yields helped lift the pairing in the face of generally lower stock markets in Asia-Pacific, which were afflicted by a resumption in the global tech sector selloff (the Nasdaq closed on Wall Street yesterday with a loss of just over 1%). AUDJPY buying was seen following above-forecast retail sales data out of Australia, which was followed by a comparatively less dovish statement from the RBA governor following today’s policy meeting that left the cash rate unchanged at 1.5%. Meanwhile, in Europe, Cable has settled around 1.3470 after dropping to a 1.3412 low from levels above 1.3500, since there was no deal with regard to divorcing arrangements between EU and UK. PM May said during a press conference with EU’s Juncker that “differences remain” despite having a “constructive meeting.” Is also became clear that there would be no breakthrough deal on the Irish border at meeting between May and Juncker. For a while it seemed that a compromise deal had been reached, but May’s Northern Irish ally DUP criticised the leaked details earlier although May said there will be further talks ahead of the EU summit next week, which means there is still the chance that there will be sufficient progress for EU leaders to pave the way for early talks on trade and transition next week.

                            Main Macro Events Today

                            EU & German Service PMI – Expectations – unchanged at 56.2 and 54.9 respectively.

                            UK Service PMI – Expectations –a headline of 55.0 after the 55.6 reading of the October survey.

                            Canadian Trade Balance – Expectations – narrow to -C$2.6 bln from -C$3.2 bln in September.

                            US ISM Non – Manuf. PMI – Expectations – 59.0 in November from 60.1.

                            Charts of the Day



                            Support and Resistance Levels



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

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

                            Click HERE to access the full HotForex Economic calendar.

                            Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

                            Click HERE to READ more Market news.


                            Andria Pichidi
                            Market Analyst
                            HotForex


                            Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
                            HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

                            Comment


                            • Date : 6th December 2017.

                              MACRO EVENTS & NEWS OF 6th December 2017.




                              FX News Today

                              European Outlook: Stock markets tanked in Asia overnight, with Nikkei and Hang Seng both losing nearly 2% as technology, mining, consumer and industrial sectors came under pressure and a stronger Yen added to the sell off in Japanese stock markets, while the ASX outperformed with a -0.44% loss as the AUD weakened on disappointing GDP numbers. Australia GDP expanded 0.6% in Q3 (q/q, sa), mildly undershooting expectations but after an upwardly revised 0.9% rise in Q2 (was +0.8%). GDP climbed 2.8% y/y in Q3 after a revised 1.9% growth rate in Q2. AUDUSD fell to 0.7574 from 0.7613 just ahead of the report, as the undershoot of total GDP relative to projections combined with the sluggish household consumption growth pace squashed the mild jolt of rate hike optimism seen following modestly less dovish outing from the RBA. U.K. and U.S. stock futures are also down and ongoing pressure on stock markets should keep EGBs supported and yields The calendar has the Eurozone retail PMI, with Brexit talks remaining a key focus ahead of next week’s EU summit.

                              German manufacturing orders unexpectedly rose 0.5% m/m in October. Expectations had been for a correction from the strong September number, but while the last figure was revised up to 1.2% m/m from 1.0% m/m, the October number showed a further improvement of 0.5% m/m (median -0.2%). This confirms firm survey data and expectations for another strong GDP growth rate in Q4. The German, but also the overall Eurozone industrial sector continues to fire on all cylinders with job creation accelerating, but price pressures also emerging now. Against that background Draghi could tweak the forward guidance next week somewhat to clarify that in the central scenario net asset purchases will end in September next year, even if the door to another follow on program remains theoretically open.

                              Main Macro Events Today

                              ADP Non-Farm Employment – Expectations – increase to 185k for November vs 235k previously.

                              US Labor Costs (Q3)- Expectations – slip to 0.2% from 0.5%.

                              BoC Rate Statement – Expectations – no change is expected to the 1.00% rate setting in today’s announcement. Bank-speak since the September rate increase emphasised that the Bank is in an “intense data dependent mode” and will be cautious in the removal of further stimulus. Uncertainty remains elevated, notably around the (still) ongoing Nafta negotiations.

                              Oil Inventories – Expectations – a decline by 0.25M Barrels from last week -3.429M outcome.

                              Charts of the Day



                              Support and Resistance Levels



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

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

                              Click HERE to access the full HotForex Economic calendar.

                              Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

                              Click HERE to READ more Market news.


                              Andria Pichidi
                              Market Analyst
                              HotForex


                              Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
                              HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

                              Comment


                              • Date : 7th December 2017.

                                MACRO EVENTS & NEWS OF 7th December 2017.




                                FX News Today

                                European Outlook: Stock markets recovered in Asia overnight, with Japan leading the way as the yen weakened. Tech stocks rebounded, after sell off in U.S. stocks halted. The Nikkei managed a 1.45% gain, outpacing moves higher in Hang Seng and ASX 200. The CSI 300 underperformed and headed south, with commercial banks under pressure on the mainland and in Hong Kong after regulators said it is planning the introduction of quantitative indicators in the management of commercial banks’ liquidity and the IMF suggested banks to increase capital buffers against a sudden downturn. U.K. and U.S. stock futures are moving higher, confirming that risk appetite is returning, which could see Bund and Gilt yields recover some of yesterday’s losses. Today’s calendar has U.K. house price inflation from Halifax and the detailed reading of Eurozone Q3 GDP. Brexit talks remain in focus and in Germany the SPD is set to make a formal decision on whether to enter coalition talks with Merkel’s CDU/CSU a party convention today.

                                German industrial production unexpectedly dropped -1.4% m/m in October and while September was revised up to -0.9% m/m from -1.6% m/m reported initially, it still leaves production down for a second consecutive month. The numbers look at odds with strong orders numbers and survey data, but indicated a build up in the backlog of orders that also squares with PMI reports. This would suggest that the weaker than expected production numbers are not a sign of weakening growth momentum, but at least partly a reflection of the fact that companies seem to be running into capacity constraints, and while the annual rate fell back to 2.7% y/y from 4.1% y/y, the growth rates remain robust so far.

                                Main Macro Events Today

                                EU GDP (Q3) – Expectations – unchanged at 0.6% q/q and at 2.5% y/y.

                                ECB Pres. Draghi Speech at 16:00 GMT in Frankfurt

                                US Unemployment Claims – Expectations – up by 2k to 240k for the December 2 week.

                                Canadian Building Permits and Ivey PMI- Expectations – Building permits expected to fall 1.0% in October after the 3.8% gain in September, while Ivey PMI expected to slip by 1.1 to 62.7 for November.

                                Charts of the Day



                                Support and Resistance Levels



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

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                                Andria Pichidi
                                Market Analyst
                                HotForex


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