Hello Guest, if you are reading this it means you have not registered yet. Please take a second, Click here to register, and in a few simple steps you will be able to enjoy all the many features of our fine community. Note that lewd or meaningless nicknames are prohibited (no numbers or letters at random) and please introduce yourself in the section for you to meet our community.
pcm brokers pcm brokers
Page 34 of 35 FirstFirst ... 2432333435 LastLast
Results 331 to 340 of 350
  1. #331
    Senior Trader
    Join Date
    Jun 2014
    Location
    Not Specified
    Posts
    613
    Post Thanks / Like
    Credits
    10,403
    My Language
    English
    Date : 12th Sepember 2019.


    MACRO EVENTS & NEWS OF 12th Sepember 2019.






    FX News Today


    * Treasury yields declined overnight, as sentiment improved and central bank decisions come into view.


    * Stock markets remained supported during the Asian session as trade jitters continue to ease.


    * Bolton’s departure in the US has triggered renewed hopes of a softer stance in the Trump camp and goodwill gestures from both China and the US have rekindled hopes that tensions can be resolved through talks after all.


    * President Trump said he will delay the next US tariff increase on China by about two weeks, after China yesterday published an exemption list of its own tariffs on US imports.


    * The final reading of German August HICP inflation brought no surprise, with HCIP confirmed at just 1.0% y/y, far below the ECB’s reference rate of 2.0%.


    * US and European futures are moving higher.


    * The WTI future is trading at USD 56.27 per barrel.


    * The focus meanwhile is turning to today’s ECB meeting, which is widely expected to bring a cut to the deposit rate, but could disappoint on the QE front and coming ahead of the Fed decision next week, many will see it as a bellwether for easing intentions at global central banks.


    Charts of the Day





    Technician’s Corner


    * The Dollar saw a 6-week high against the Yen, as goodwill gestures from both the US and China on the tariff front lifted risk appetite. The Yen continued to see its safe-haven premium deflate. USDJPY is trading over 108, in what is now a fourth consecutive day of ascent, which is in turn amid a third consecutive week of gains. AUDJPY and GBPJPY also continued to rise amid general strength in export-driven currencies amid the buoyant mood on the trade front.


    Main Macro Events Today


    * Interest Rate Decision, Monetary Policy Statement and Press Conference (EUR, GMT 11:45 & 12:30) – The ECB is expected to cut deposit rate by 10 bp to -0.50%, with new tiered system to limit the impact. Most analysts are expecting a 10 bp cut in the deposit rate, which would leave it at -0.50%. The repo rate, currently at 0.00%, is likely to be kept on hold for now. The ECB is anticipated to re-open QE. There even is a risk that the restart of QE will be put on hold for now. With Lagarde taking over from Draghi in November, the pressure on governments to open their purse strings and complement an expansionary monetary policy with fiscal measures will likely increase.


    * Consumer Price Index and Core (USD, GMT 12:30) – The headline August CPI is estimated flat with a 0.2% core price increase, following July readings of 0.3% for both. As-expected gains would result in a headline y/y increase of 1.7%, down from 1.8% in July, while core prices should rise 2.3% y/y, up from a 2.2% pace in July. Overall, the inflation outlook remains benign, though we do expect an up-tilt in y/y gains into Q1 of 2020 due to harder comparisons.


    * Crude Oil Inventories (GMT 14:30)


    Support and Resistance levels





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


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


    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.

  2. #332
    Senior Trader
    Join Date
    Jun 2014
    Location
    Not Specified
    Posts
    613
    Post Thanks / Like
    Credits
    10,403
    My Language
    English
    Date : 13th Sepember 2019.


    MACRO EVENTS & NEWS OF 13th Sepember 2019.






    FX News Today


    * Bond markets remained under pressure overnight and Bund futures are selling off ahead of the opening in cash markets.


    * Draghi’s policy bazooka and especially the promise of open-ended asset purchases helped to bring down BTP yields in particular but in core markets, it put pressure on the long end as risk appetite improved.


    * US President Trump said he would consider an interim trade deal on China and while there is nothing substantial yet, hopes that both sides are inching closer to a deal have been strengthened this week.


    * The GER30 closed above the 12400 mark yesterday with a gain of 0.4% and GER30 as well as UK100 futures are moving higher in tandem with, but underperforming US futures, after a positive session in Asia. Today’s data calendar is quiet, with only Eurozone trade data of note, which will leave investors to look to US releases while digesting the impact of yesterday’s ECB move.


    * China and South Korea were closed for a holiday, but elsewhere across Asia stock markets moved higher with investors hoping that central bank support and progress on the trade front will help to revive global growth.


    * US futures are posting gains of 0.2-0.3%.


    * The WTI future is trading at USD 55.12 per barrel and heading for a weekly drop after the IEA warned this week that OPEC and its allies are facing a looming supply surplus. OPEC+ urged its members to implement promised production cuts this week but didn’t discuss deepening cuts, while the IEA highlighted that production from competitors is set to surge.


    Charts of the Day





    Technician’s Corner


    * YEN: The Yen posted fresh trend lows against the Dollar, though remained just off the lows it saw against the Euro, Australian Dollar and other currencies yesterday. USDJPY printed a 6-week high at 108.26 in what is now the fourth consecutive day of higher-high making. The Japanese currency has been deflating amid a persisting phase of risk-on conditions in global markets.


    Main Macro Events Today


    * Retail Sales (USD, GMT 12:30) – A 0.1% August retail sales headline rise with a flat ex-autos figure is projected, following a 0.7% July headline rise with a hefty 1.0% ex-auto gain. Gasoline prices should prove a drag on retail activity given an estimated -3% drop for the CPI gasoline index, and unit vehicle sales should hold steady in August from a 16.8 mln clip in July. Real consumer spending is expected to grow at a 3.6% rate in Q3, following the 4.7% Q2 clip.


    * Michigan Sentiment (USD, GMT 14:00) – The US consumer sentiment fell 8.6 points to 89.8 in the final August print (92.1 preliminary), weaker than expected, after inching up 0.2 ticks to 98.4 in July. The preliminary September Michigan sentiment reading is forecast at 90.5.


    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.

  3. #333
    Senior Trader
    Join Date
    Jun 2014
    Location
    Not Specified
    Posts
    613
    Post Thanks / Like
    Credits
    10,403
    My Language
    English
    Date : 16th September 2019.


    MACRO EVENTS & NEWS OF 16th September 2019.






    * Welcome to our weekly agenda, our briefing of all the key financial events globally. The week ahead is expected to be a massive one, as four of the major Central banks will announce their rate decision, i.e. Fed, BoJ, SNB and BoE. There is a lot of interest in seeing whether BoJ will follow the Fed’s steps next week in cutting rates.


    Monday – 16 September 2019


    * Industrial Production and Retail Sales (CNY, GMT 02:00) – The Chinese Industrial Production growth is expected to have risen, at 5.2% y/y in August from 4.8% y/y last month. A slightly positive reading is also expected in the Retail Sales figure at 7.9% from 7.6%.


    Tuesday – 17 September 2019


    * Monetary Policy Meeting Minutes (AUD, GMT 01:30) – The RBA minutes, similar to the ECB Reports, provide a detailed assessment of the bank’s most recent policy-setting meeting, containing in-depth insights into the economic conditions that influenced the rate decision. They are usually a cause for FX turbulence.


    * ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for September is projected at -38.0, from the lowest level since 2011 at -44.1 seen last month, as the current conditions indicator for Germany turned negative. The ZEW is a pretty clear indication that investors are gearing up for a much higher risk of a global recession, which ties in with developments in global bond yields and the marked flattening of curves.


    Wednesday – 18 September 2019


    * Consumer Price Index (GBP, GMT 08:30) – The UK CPI inflation is anticipated to be more underwhelming than the July data, at 1.9% y/y from 2.1% y/y, with a monthly rise up to 0.5% m/m.


    * Consumer Price Index and Core (EUR, GMT 09:00) – The final reading of inflation is expected to have held steady at 1.0% y/y and core at 0.9% y/y, with an increase in the monthly number at 0.2%m/m from -0.5%m/m. Lower energy price inflation keep a lid on the overall number meanwhile as CPI excluding energy moved up to 1.2% from 1.1% y/y last month.


    * Consumer Price Index (CAD, GMT 12:30) – The August CPI is expected to continue adding to the backing for steady BoC policy this year, even as the Fed and ECB add stimulus. CPI has been forecasted to grow to a 1.7% y/y pace in August, below the 2.0% last month.


    * Interest Rate Decision, Monetary Policy Statement and Press Conference (USD, GMT 18:00-18:30) – The August’s jobs data did little to alter the market’s expectations for a 25bp rate cut at the September 17-18 FOMC meeting. Based on Powell’s latest comments, the Fed is very committed to a symmetric 2% inflation goal, hence given low inflation, interest rates will remain low. That leaves very little room to cut rates further. The Fed is not forecasting or expecting a US recession, nor a global downturn, said Powell. The fact that the chair doesn’t seem too concerned about a recession in the States, or the world, suggests the FOMC is not going to be aggressive easing policy.


    Thursday – 19 September 2019


    * Interest Rate Decision, Monetary Policy Statement (JPY, GMT 02:00) – The BoJ kept its short-term interest rate target at -0.1% and its pledge to guide 10-year JGB yields around 0% while maintaining its asset buying program. The central bank is expected to signal once again its commitment to keep interest rates at current levels “for an extended period of time, at least through around spring 2020”. The BoJ pledged to keep an eye on the output gap, but for now at least it seems the bank is seeing the risks as coming mainly from the outside.


    * Interest Rate Decision, Monetary Policy Statement (CHF, GMT 07:30) – The SNB kept policy on hold at the June council meeting. The Libor target was replaced with a key policy rate, but the central bank was adamant that the degree of monetary accommodation remains unchanged. After the ECB cut rates, while the Fed is now widely expected to ease rates, the SNB has little room to manoeuvre, especially against the backdrop of ongoing Brexit uncertainty and geopolitical trade risks. The SNB’s central message remains that the situation remains fragile and the currency “highly valued”.


    * Interest Rate Decision, MPC Voting (GBP, GMT 11:00) – Shadowed by the ongoing political developments in Brexit, the BoE is not expected to proceed with any interest rate actions.


    Friday – 20 September 2019


    * Retail Sales ex Autos (CAD, GMT 12:30) – Retail sales and Core for August are seen steady, while the headline is anticipated to drop to 2.9% y/y from 3.3% and core to 2.5% from 2.9%.


    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.

  4. #334
    Senior Trader
    Join Date
    Jun 2014
    Location
    Not Specified
    Posts
    613
    Post Thanks / Like
    Credits
    10,403
    My Language
    English
    Date : 19th Sepember 2019.


    MACRO EVENTS & NEWS OF 19th Sepember 2019.






    FX News Today


    * The FOMC announcement that delivered the expected 25 bp cut that was widely expected, but didn’t signal further moves down the line. It repeated will act as appropriate to sustain expansion.


    * BoJ held monetary policy on old for now, but flagged review in October.


    * Australian Dollar slumped on the back of a rise in unemployment at 5.3% from 5.2%.


    * Asian stock markets traded mixed, JPN225 gained 0.58%. The Japanese stock markets up from yesterday’s lows, but below the highs seen early in the session.


    * EGBs rallied yesterday and are likely to remain supported going into today’s central bank announcements from BoE, Norges Bank and SNB .


    * Brexit: UK given ultimatum to submit Irish border proposals by Sep 30.


    * The focus now turns to central bank decisions in Europe, where BoE and SNB are expected to hold policy unchanged, while Norges Bank could dodge the trend and deliver a hike.


    Charts of the Day





    Technician’s Corner


    * YEN: The Yen posted fresh trend lows against the Dollar, though remained just off the lows it saw against the Euro, Australian Dollar and other currencies yesterday. USDJPY printed a 6-week high at 108.26 in what is now the fourth consecutive day of higher-high making. The Japanese currency has been deflating amid a persisting phase of risk-on conditions in global markets.


    Main Macro Events Today


    * Interest Rate Decision, Monetary Policy Statement (CHF, GMT 07:30) – The SNB kept policy on hold at the June council meeting. The Libor target was replaced with a key policy rate, but the central bank was adamant that the degree of monetary accommodation remains unchanged. After the ECB cut rates, while the Fed is now widely expected to ease rates, the SNB has little room to manoeuvre, especially against the backdrop of ongoing Brexit uncertainty and geopolitical trade risks. The SNB’s central message remains that the situation remains fragile and the currency “highly valued”.


    * Interest Rate Decision, MPC Voting (GBP, GMT 11:00) – Shadowed by the ongoing political developments in Brexit, the BoE is not expected to proceed with any interest rate actions.


    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.

  5. #335
    Senior Trader
    Join Date
    Jun 2014
    Location
    Not Specified
    Posts
    613
    Post Thanks / Like
    Credits
    10,403
    My Language
    English
    Date : 20th Sepember 2019.

    MACRO EVENTS & NEWS OF 20th Sepember 2019.






    FX News Today


    * Overall dovish signals from central banks yesterday underpinned Asian markets, which are mostly posting fractional gains.


    * Bund futures are fractionally higher in pre-market trading, while GER30 and UK100 futures are slightly lower.


    * Japan inflation hit a two year low, with CPI excluding fresh food coming in at just 0.5%, in line with estimates and the lowest rate since 2017.


    * BOJ: This may complicate the outlook for the BoJ, although excluding energy, prices actually nudged higher. The data will add to easing expectations after BoJ head Kuroda signalled a review of the overall situation and the impact of slowing world growth on price momentum in Japan.


    * Brexit developments: Negotiators from both sides are set to meet today, after the European Commission confirmed that it received some technical papers on alternative arrangements to the backstop.


    * German PPI inflation much weaker than expected at 0.3% y/y (median 0.6%).


    * OECD cut its 2019 and 2020 outlooks for growth globally, and across most of the world, versus the prior May estimates. And it indicated growth is set to slip to its slowest since the financial crisis thanks to the trade tumult.


    Charts of the Day





    Technician’s Corner


    * GBPUSD rallied from 1.2490 to over 1.2570, a 2-month high after EU commission president Juncker told Sky News he believes “we can have a deal” on Brexit by October 31. It remains to be seen, how Mr. Juncker plans to make a deal, since there has been no movement from the EU side in months. Cable had been languishing in the upper 1.25s.


    * USDJPY has again been range-bound through the session, sticking to a 107.90 to 108.08 trading band. Improved expectations for movement on the US-China trade war may limit USDJPY downside for now. Support comes at Monday’s 107.45 low, with Resistance at 108.50.


    Main Macro Events Today


    * Retail Sales ex Autos (CAD, GMT 12:30) – Retail sales and Core for August are seen steady, while the headline is anticipated to drop to 2.9% y/y from 3.3% and core to 2.5% from 2.9%.


    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.

  6. #336
    Senior Trader
    Join Date
    Jun 2014
    Location
    Not Specified
    Posts
    613
    Post Thanks / Like
    Credits
    10,403
    My Language
    English
    Date : 23rd September 2019.


    MACRO EVENTS & NEWS OF 23rd September 2019.






    * With nearly all central bank meetings out of the way it should be a data-focused week, although Brexit developments still have the potential to shake things up. The main scenario continues to assume a smooth Brexit transition, but business investment is now expected to continue to fall significantly as geopolitical trade tensions and Brexit uncertainty leave their mark. Nonetheless, the geopolitical situation in the Mideast is fragile, especially with the US openly considering taking military action against Iran.


    Monday – 23 September 2019


    * Services and Manufacturing PMI (EUR, GMT 07:30-08:00) – Aug manufacturing PMI confirmed at 47.0, vs 46.5 in July, Services PMI revised up to 53.5 from 53.4. This picture is likely to be seen again in the preliminary readings for September, as Manufacturing PMI has been forecast at 47.5, still below neutral. Meanwhile Services PMI is expected to fall to 53.3.


    * Services and Manufacturing PMI (USD, GMT 13:45) – Preliminary Manufacturing are expected to slip in September, to 50.1 from 50.3, while Services PMIs are likely to fall below 50, to 49.6, indicating a potential recession in the sector that has been hit by global trade tensions.


    Tuesday – 24 September 2019


    * German IFO (EUR, GMT 08:00) – German IFO business confidence fell further in August and more than anticipated, with the headline number now at the lowest level since Nov 2012. In September, the overall business climate reading is seen slightly higher at 95.1 from 94.3. So far the sector breakdown of the IFO still shows that optimists outnumber pessimists in both services and construction, but with the trade reading now also in negative territory and services confidence especially falling sharply in August, the balance of risks is clearly tilted to the downside.


    * CB Consumer Confidence (USD, GMT 14:00) – The Consumer Confidence is expected to ease to 134.0 in September from 135.1 in August and an 8-month high of 135.8 in July. A drop-back is expected in the current conditions reading to 173.0 from a 19-year high of 177.2 in August. The jobs strength diffusion index is poised for a drop-back from a remarkably lofty 19-year high in August of 39.4. Overall, confidence measures remain historically high.


    * BoJ Minutes (JPY, GMT 23:50) – The BoJ Minutes are expected to shed some light regarding whether Japanese policymakers are willing to consider rate cuts in the coming months.


    Wednesday – 25 September 2019


    * Interest Rate Decision and Monetary Policy Statement (NZD, GMT 02:00) – The RBNZ cut rates by an unexpectedly aggressive 50 bps to a record low 1.00% in August. Governor Orr said negative rates may be needed to stimulate the economy, keeping the door wide open to further aggressive easing measures. The RBNZ is largely anticipated to keep rates on hold at 1.00%.


    Thursday – 26 September 2019


    * US Gross Domestic Product (USD, GMT 12:30) – The final Q2 GDP growth is expected to be confirmed at 2.0% annualized, with a $6 bln hike in public construction that accompanies boosts of $2 bln for consumption and $1 bln each for intellectual property investment and exports. We expect a -$2 bln revision for nonresidential investment and a -$1 bln revision to residential construction, leaving a net $7 bln upward GDP revision.


    * Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have rise to 0.8% y/y in September from 0.6% last month, and to slip to 0.5% y/y from 0.7% in the CPI ex Fresh Food reading.


    Friday – 27 September 2019


    * Personal Consumption Expenditures Prices (USD, GMT 12:30) – A 0.5% gain is anticipated in personal income in August after a 0.1% increase in July, alongside a 0.2% rise in August consumption that followed a big 0.6% July gain.


    * Durable Goods (USD, GMT 12:30) – Durable goods orders are expected to fall -1.6% in August, after gains of 2.0% in July and 1.8% in June, thanks to a -5.0% transportation orders drop after two monthly gains. Boeing orders dropped back to just 6 from 31 in July, with continued weakness due to the hit from problems with the Boeing 737 Max that has prompted buyers to delay new orders.


    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.

  7. #337
    Senior Trader
    Join Date
    Jun 2014
    Location
    Not Specified
    Posts
    613
    Post Thanks / Like
    Credits
    10,403
    My Language
    English
    Date : 24th Sepember 2019.


    MACRO EVENTS & NEWS OF 24th Sepember 2019.






    FX News Today


    * Sentiment stabilises as markets returned from yesterday’s holiday.


    * Asian stock markets moved mostly higher, as there are lingering hopes of progress ahead of high level US-Sino trade talks next month.


    * Japan’s Jibun Bank Flash Manufacturing Purchasing Managers’ Index slipped to just 48.9. Together with the sharp decline in the German manufacturing PMI this will add to concerns over the outlook for the global economy.


    * ECB President Draghi yesterday signalled the readiness to act again.


    * Lagarde warned that trade tensions are the biggest threat to the global economy.


    * China’s central bank Governor Yi Gang said in a press briefing that China is not in a rush to roll out massive rate cuts or QE like some other central banks”.


    * GER30 and UK100 futures are posting slight gains, in tandem with US futures after a cautious move higher in Asia.


    * Brexit developments also remain in focus as the Supreme Court in London is set to announce its verdict on the suspension of parliament today.


    Charts of the Day





    Technician’s Corner


    * EURUSD bottomed at 8-session lows of 1.0966 into US session, down from 1.1025 highs. Weak European PMIs took the pairing to session lows, though since then, short covering has been noted, seeing a bounce to 1.0996 highs. There has been talk of a large 1.1000 option expiry on Thursday, which may see EURUSD center on that level until then. Sell-the-rally remains in place however, as the EU economy sputters, and as the Dollar continues to benefit from strong interest rate differentials.


    * GBPUSD: Cable carved out a fresh 6-day low at 1.2414, extending the correction from the 2-month peak seen on Friday at 1.2582. Markets will continue to demand a hefty Brexit discount. Markets are also waiting on the judgement of the UK’s Supreme Court, up today, on Boris Johnson’s controversial move to shut down Parliament for a 5-week period, with the government having appealed a ruling by Scotland’s highest court that the move was illegal. There is a chance that, it will agree with the recent court rulings seen in England and Northern Ireland, that the matter was “non-justiciable” — being political rather than a legal matter.


    * USOIL prices are down by over 8% from week-ago levels, but remain up by 6.7% from month-ago levels, and are up 27.2% on the year-to-date. News that some of Saudi’s production and distribution facilities will be back up and running as soon as next week weighed on crude prices. This comes with the US announcing that it is bolstering its military presence in Saudi Arabia for defensive and deterrence purposes


    Main Macro Events Today


    * German IFO (EUR, GMT 08:00) – German IFO business confidence fell further in August and more than anticipated, with the headline number now at the lowest level since Nov 2012. In September, the overall business climate reading is seen slightly higher at 95.1 from 94.3. So far the sector breakdown of the IFO still shows that optimists outnumber pessimists in both services and construction, but with the trade reading now also in negative territory and services confidence especially falling sharply in August, the balance of risks is clearly tilted to the downside.


    * CB Consumer Confidence (USD, GMT 14:00) – The Consumer Confidence is expected to ease to 134.0 in September from 135.1 in August and an 8-month high of 135.8 in July. A drop-back is expected in the current conditions reading to 173.0 from a 19-year high of 177.2 in August. The jobs strength diffusion index is poised for a drop-back from a remarkably lofty 19-year high in August of 39.4. Overall, confidence measures remain historically high.


    * BoJ Minutes (JPY, GMT 23:50) – The BoJ Minutes are expected to shed some light regarding whether Japanese policymakers are willing to consider rate cuts in the coming months.


    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.

  8. #338
    Senior Trader
    Join Date
    Jun 2014
    Location
    Not Specified
    Posts
    613
    Post Thanks / Like
    Credits
    10,403
    My Language
    English
    Date : 25th Sepember 2019.


    MACRO EVENTS & NEWS OF 25th Sepember 2019.






    FX News Today


    * RBNZ on hold with dovish twist. As widely expected New Zealand’s central bank kept policy on hold with the key rate unchanged at 1%. The statement said, however, that there was more scope for monetary and fiscal stimulus, while saying it was “pleased to see” the the NZD’s depreciation


    * Sentiment started to settle overnight, amid signs of further conciliatory moves that keep hopes of progress on the trade front alive. Asian markets are up from lows and U.S. futures are moving higher, after yesterday’s sell off on Wall Street.


    * DAX and FTSE 100 futures are in the red, however, as Boris Johnson returns from New York to deal with the fallout from yesterday’s Supreme Court ruling that said the suspension of parliament was unlawful. MPs are set to return to Westminister today and another Brexit extension with new elections in the U.K. in November or December seem increasingly likely.


    * The prolonged uncertainty on the Brexit front meanwhile is adding to geopolitical trade tensions and leaving its mark on economic developments on both sides of the channel. The risk of a recession in Europe is looking very real.


    Charts of the Day





    Technician’s Corner


    * EURUSD spent the morning session between 1.0994 and 1.1015, later climbing to 1.1020 highs in afternoon dealings. The highs came following reports that House Democrats are considering a special committee in order to attempt to impeach president Trump, which weighed on the Dollar overall. Bigger picture, with European growth fading and the U.S. economy still chugging along fairly well, EUR-USD is set to remain in sell-the-rally mode. Monday’s 1.0966 low is now support, with the 20-day moving average at 1.1028 marking resistance.


    * USDJPY: fell to better than two-week lows of 107.05 from pre-open highs of 107.79. The fall has come on the back of a bout of risk-off conditions, with sliding stocks initiated by Trump bashing China on trade from the UN, then talk that House Democrats are considering a special committee to impeach Trump. The pairing fell through its 20-day moving average at 107.24, though found some buyers ahead of the 50-day moving average, which currently sits at 107.06


    * USDCHF During Tuesday, the Swiss franc continued to gain support from a lack of confidence in the global growth outlook, especially after recent weak global manufacturing data. The Swiss currency & gold made net gains on Tuesday and remain underpinned with the franc weakening only slightly on Wednesday as US political developments added to investor concerns with the dollar around 0.9870.


    Main Macro Events Today


    * Non-Monetary Policy Meeting (EUR, GMT 07:00) – The monthly meeting of the ECB – with a speech from member Coeure to open events.


    * SNB – Quarterly Bulletin (CHF, GMT 13:00) and ZEW Survey (08:00 GMT) – With political developments on both sides of the Atlantic moving at a pace the safe haven status of the CHF could receive a bid with positive news flow today.


    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.



    Stuart Cowell
    Head Market Analyst
    HotForex

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

  9. #339
    Senior Trader
    Join Date
    Jun 2014
    Location
    Not Specified
    Posts
    613
    Post Thanks / Like
    Credits
    10,403
    My Language
    English
    Date : 30th September 2019.


    MACRO EVENTS & NEWS OF 30th September 2019.






    * Welcome to our weekly agenda, our briefing of all the key financial events globally. The week ahead is expected to be turn on economic data, with investors eyeing NFP data but also Eurozone data for a possible strength in the service sector.


    Monday – 30 September 2019


    * Caixin Manufacturing PMI (CNY, GMT 01:45) – The Caixin manufacturing PMI is expected to remain above neutral at 40.2 in September.


    * Gross Domestic Product (GBP, GMT 08:30) – The economy’s most important figure, Q2 GDP is expected to be higher at 0.5% q/q following the last reading but unchanged from the reading of Q1.


    * Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The German HICP inflation for August held steady at 1.0% y/y. However the preliminary reading for Septembe is expected to rise at 1.2% y/y.


    Tuesday – 01 October 2019


    * Interest Rate Decision (AUD, GMT 04:30) – The RBA minutes from the September policy meeting showed that the central bank remains disposed to further easing. AUDUSD has been amid a clear downtrend since early 2018, which has approximated the development of the US-China trade war and consequential slowing in the Chinese economy, which is Australia’s biggest export customer.


    * Consumer Price Index (EUR, GMT 09:00) – The preliminary Euro Area CPI for September is expected to remain unchanged to 1.0% y/y, while core inflation is seen at 1.0% y/y from 0.9% y/y.


    * Manufacturing PMI (EUR, GMT 07:55) – The preliminary September Eurozone PMI readings, released so far, were striking for failing to show an expected improvement and instead showing a marked contraction in manufacturing activity, with service sector activity slowing sharply. The final reading is expected to be confirmed at 41.4. The weakness German manufacturing – triggered by geopolitical trade tensions and Brexit uncertainty is spreading to other sectors and across the Eurozone.


    * ISM Manufacturing PMI (USD, GMT 14:00) – The US ISM Manufacturing PMI is expected to rise to 51.0 in September from 49.1 in August, compared to a 14-year high of 61.4 in August of last year.


    Wednesday – 02 October 2019


    * ADP Non-Farm Employment Change (USD, GMT 12:15) – The ADP Employment survey is seen at 140k for September compared to the 195K in August.


    Thursday – 03 October 2019


    * Australia’s Trade Balance (AUD, GMT, 1:30) – Australia export growth in September is expected to have reduced. Hence the trade balance could slip to 6,000M from 7,268 M last month.


    * ISM Non-Manufacturing PMI (USD, GMT 14:00) – The ISM-NMI index is expected to fall to 54.5 in September from 56.4 in August and a 19-month low of 56.1 in March, versus a 13-year high of 60.8 in September of last year. The sentiment surveys have been erratic in recent months likely due to competing perspectives on the trade war, troubles abroad, and stock price gyrations.


    Friday – 04 October 2019


    * Event of the Week – Non-Farm Payrolls (USD, GMT 12:30) Along with Wednesday’s employment data, payrolls are important in gauging how many people are employed in non-agricultural businesses. Jobs are expected to have increased in at 155k in September, following a 130k increase in August. The unemployment rate should tick down to 3.6%, after holding at 3.7% in the prior three months, and hours-worked are estimated to be up 0.1%. Average hourly earnings should rise 0.3% m/m, for a y/y gain of 3.2%, matching the 3.2% pace of August. We see payroll gains averaging 157k in 2019, down from a 223k average in 2018.


    * Fed’s Chair Powell speech (USD, GMT 18:00)


    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.

  10. #340
    Senior Trader
    Join Date
    Jun 2014
    Location
    Not Specified
    Posts
    613
    Post Thanks / Like
    Credits
    10,403
    My Language
    English
    Date : 1st October 2019.


    MACRO EVENTS & NEWS OF 25th Sepember 2019.






    FX News Today


    * RBA cut key rate – as expected. Australia’s central bank reduced the key interest rate buy 25 bp to 0.75% – 3rd cut this year.


    * JGBs and Treasuries sold off after weak JGB auction, stocks mostly higher. Wall Street rallied. Dow is up about 2% in September and 1.4% for Q3, and just shy of all-time highs.


    * The sharpest decline in 10-year JGB futures in more than a year was triggered by a very weak 10-year auction, which saw demand dipping to the lowest level since 2016.


    * European futures suggest a positive start to the new months especially for the DAX, which is up 0.4%, alongside gains in US futures.


    * USDJPY is trading at 108.22, as the Dollar remained supported.


    * The AUD underperformed after the dovish RBA statement.


    * The EUR is trading below 109 against the USD after source stories yesterday suggested that Germany’s leading economic institutes will cut their growth forecasts for the Eurozone’s largest economy, which given that the Bundesbank is expecting a technical recession should not come as a surprise, but will highlight again the downside risks for Germany as well as the Eurozone.


    * The UK’s government will present detailed alternatives to the Irish backstop to Brussels this week.


    * The USOIL is trading at $54.54 per barrel amid reports that production at the world’s largest oil produces fell during the third quarter.


    Charts of the Day





    Technician’s Corner


    * USDJPY:Moderately risk-on conditions have supported on Monday, along with a slight uptick in Treasury yields. Relative calm on the US/China trade front has weighed some on the Yen as well, as high-level talks are expected in Washington on October 10-11. China’s Vice Premier Liu He, along with the USTR Robert Lighthizer and Treasury Secretary Steven Mnuchin are expected to run the negotiation sessions. Above Friday’s 108.18 highs, the September 19 top at 108.47 could be USDJPY’s next upside level.


    * EURUSD took another leg lower, trading under the 1.09 mark for the first time since the second week of May, 2017. There appeared to be a push to run sell-stops located just under the 1.0900 mark, following cooler German CPI, resulting in a dip to lows of 1.0885. Reports of 1.0900 option expiries on Tuesday and Wednesday may now keep the pairing glued to either side of the level until then. Eventually though, Euro is expected to remain down as European growth continues to fade, the ECB remains uber-dovish, and the Dollar continues to find support on the back of USD friendly interest rate spreads.


    Main Macro Events Today


    * Consumer Price Index (EUR, GMT 09:00) – The preliminary Euro Area CPI for September is expected to remain unchanged at 1.0% y/y, while core inflation is seen at 1.0% y/y from 0.9% y/y.


    * Manufacturing PMI (EUR, GMT 07:55) – The preliminary September Eurozone PMI readings, released so far, were striking for failing to show an expected improvement and instead showing a marked contraction in manufacturing activity, with service sector activity slowing sharply. The final reading is expected to be confirmed at 41.4. The weakness in German manufacturing – triggered by geopolitical trade tensions and Brexit uncertainty is spreading to other sectors and across the Eurozone.


    * ISM Manufacturing PMI (USD, GMT 14:00) – The US ISM Manufacturing PMI is expected to rise to 51.0 in September from 49.1 in August, compared to a 14-year high of 61.4 in August of last year.


    Support and Resistance levels





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


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


    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.

  11. ARIONFORXtarder
 

 
Page 34 of 35 FirstFirst ... 2432333435 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBulletin® Version 4.2.4
Copyright © 2019 vBulletin Solutions, Inc. All rights reserved.
Credits System provided by vBCredits II Deluxe v2.1.1 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like v3.3.0 Patch Level 2 (Lite) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
All times are GMT +4. The time now is 12:53 PM.
CompleteVB skins shared by PreSofts.Com