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  1. #261
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    Date : 14th May 2019.


    MACRO EVENTS & NEWS OF 14th May 2019.






    FX News Today


    * The stock sell off that was triggered by new US tariffs and China’s retaliation measures announced yesterday eased somewhat during the Asian session after some conciliatory comments from US President Trump and likely also thanks to suspected buying of state backed players in China.


    * The Yen declined after Trump said he will meet China’s Xi Jinping at next months G20 summit.


    * Topix and Nikkei are still down -0.70% and -0.81%.


    * The US Trade Representative’s office released a list of about USD 300 bln worth of Chinese goods that Trump also threatened to hit with a 25% tariff.


    * European futures are moving higher in tandem with US futures ahead of the opening.


    * The WTI future meanwhile is trading at USD 61.15 per barrel, up from an earlier low of USD 60.73.


    * German inflation lifted above 2% limit in April,largely thanks to higher energy prices, as well as the Easter effect.


    Charts of the Day





    Technician’s Corner


    * EURUSD eased from near 2-week highs of 1.1263, touching 1.1218 lows before steadying. EURUSD is back under its 50-day moving average of 1.1249. Continued uncertainty on the trade front, should keep risk-appetite contained, which could see the Dollar remain firm on a flight to safety trade.


    * USDJPY has dropped to 3-plus month lows of 109.09, falling 50 points. Safe-haven Yen buying ratcheted up quickly on the report, while severe risk-off conditions, seeing US equity futures plummet, and Treasury yields slide, has weighed heavily on the pairing. The January 31 low of 108.50 is the next support level.


    * USOIL has given back its earlier 2% gains, trading down at $61.20. Overnight gains came following attacks on two Saudi tankers near the Strait of Hormuz, though since then, the ramped up US/China trade war has spooked oil bulls. A slowing of the two-largest economies will likely result in crude demand destruction going forward. Friday’s $60.92 lows is next Support and $60.60 (last night’s low).


    Main Macro Events Today


    * Average Earnings (GBP, GMT 08:30) – Average Earnings excluding bonus for March is expected to hold at 3.4%. The ILO unemployment rate (3-month) is expected to have remained at 3.9%.


    * ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for May is expected to decline to 1.0 compared to 4.5 last month.


    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. #262
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    Date : 15th May 2019.


    MACRO EVENTS & NEWS OF 15th May 2019.






    FX News Today


    * Stock markets continued to recover during the Asian session, after a positive close on Wall Street Tuesday. Topix and Nikkei gained 0.41% and 0.45% respectively.


    * Volumes were thin indicating that there is not much conviction in the recovery as investors evaluate trade developments.


    * Chinese data releases from Industrial output to Retail Sales data and investment all slowed last month and together with the fallout from tariff hikes that saw markets buying into hopes of further stimulus measures in China.


    * President Trump overnight called on the Fed to “match” what he said China would do to offset the economic impact of the US tariffs


    * US stock futures are also moving higher.


    * The AUD was pressured by the weak China data.


    * The USOIL struggled with source stories saying the API will report a 8.63 million Dollar increase in US stockpiles and is trading at USD 61.38 per barrel.


    * German GDP growth expanded 0.4% q/q in Q1, in line with expectations and coming back from stagnation in the last quarter of 2018. The construction and machinery investment as well as private consumption were the main drivers of growth.


    Charts of the Day





    Technician’s Corner


    * EURUSD found Support into the 1.1200 level. The pair has mostly been stuck between its 20-day moving average at 1.1200 and its 50-day moving average at 1.1245 since the start of the week. A close above or below these levels may help determine direction for the remainder of the week.


    * USDJPY has recovered slightly from earlier lows of 109.45, making its way to 109.67 highs so far. The rally on Wall Street, which has so far wiped out about a third of Monday’s sharp losses has provided some Support, as have steadier Treasury yields which were hammered lower yesterday as well. The uncertainty of the outcome of the US-China trade war however, will likely keep USDJPY upside limited for now.


    * GBPUSD is back on a weakening path. A generally firmer dollar has seen Cable lead the way in the latest phase, with the pair printing fresh 2-week lows under 1.2910. This extends the quite-steep decline from the early May peak at 1.3176, which is the loftiest point reached over the last six weeks. As the risk of a disorderly no-deal Brexit remains a possibility, if not a probability and as the pair is a sharp decline for 8th day is a row, bearish outlook looks to hold strongly. Intraday, Cable has Resistance at 1.2928-1.1235 and Support at 1.2860 on the break of 1.2900 level.


    Main Macro Events Today


    * Gross Domestic Product (EUR, GMT 06:00) – Eurozone prelim. Q1 GDP growth expected to be confirmed at 0.4% q/q.


    * Retail Sales and Core (USD, GMT 12:30) – We expect readings of 0.2% for April retail sales and 0.7% for ex-auto sales, following a 1.6% increase for the March headline and a 1.2% increase ex-autos. Unit vehicle sales slowed in April, and gasoline prices should continue to boost retail activity given an estimated 5.5% increase in the CPI for gasoline.




    * Consumer Price Index (CAD, GMT 12:30) – The Canadian CPI is expected to slip to 0.3% from the 0.7% reading the past 2 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.

  3. #263
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    Date : 16th May 2019.


    MACRO EVENTS & NEWS OF 16th May 2019.






    FX News Today


    * Treasury yields dipped -1.4 bp overnight, JGB rates are down -0.5 bp as bond markets continue to rally amid the escalating US-Sino trade spat that saw Trump targeting Chinese telecom companies.


    * Reports that the US President will hold off on auto tariffs for now helped European bourses to stage a late rally Wednesday.


    * The US President signed an order that is expected to restrict the likes of Huawei and ZTE Corp from selling their equipment to the US. Huawei was also put on a blacklist that could forbid it from doing business with American companies and require US companies to obtain a special licence to sell products to the company, which if enforced strictly could halt even everyday operations at the Chinese company.


    * The US and European stock futures are under pressure ahead of the official open.


    * US-Sino trade tensions aside Brexit developments and Italian budget jitters remain in focus amid a pretty quiet local calendar that focuses on Eurozone trade numbers as well as the final reading of Italian HICP inflation.


    * The unexpected pick up in Australian unemployment fuelled speculation of a rate cut from the RBA.


    * The front end WTI future is trading at $62.40 per barrel.


    Charts of the Day





    Technician’s Corner


    * EURUSD found Resistance at 1.1217 level for 2 consecutive days. The pair has mostly been stuck between its 20-day moving average at 1.1200 and its 50-day moving average at 1.1245 since the start of the week. A close above or below these levels may help determine direction for the remainder of the week.
    * GBPUSD has extended losses which s now in its 9th consecutive down day, after it broke yesterday April’s lows. Next support for the asset is coming at January’s low Resistance at 1.2772.


    Main Macro Events Today


    * Housing Data (USD, GMT 12:30) – Both Building Permits and Housing Starts should jump in April, to a 1.215 mln pace and to 1.298 mln respectively, after a 0.3% and 0.2% decline seen in March. Overall, a stronger trajectory is expected for starts with a positive but slower pace for permits.


    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.

  4. #264
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    Date : 17th May 2019.


    MACRO EVENTS & NEWS OF 17th May 2019.






    FX News Today


    * Treasuries sold off as risk appetite soured. Wall Street posted broadbased and solid intraday gains of over 1% Thursday.


    * There was good news on the data front, as well as stellar earnings news from Walmart to add to the bullish tone in equities.


    * Bank of Japan governor Kuroda said the ultra-low rates may be maintained for a further period of well over a year. However, Kuroda warned against the idea of propping up the economy through unlimited money printing saying that “when a central bank monetises debt unlimitedly, it will most certainly trigger hyper-inflation and cause huge demand to the economy”.


    * There were comments in China state media saying China may have no interest in continuing trade talks with the US for now.


    * The Yuan fell past the psychologically important 6.9 per dollar level, something that previously had been speculated to eventually lead to the selling of Chinese Treasury holdings to prop up the currency.


    * The WTI future is trading at $62.98 per barrel. Geopolitical tensions in the Mideast continue to provide support, with the latest rally coming as Saudi Arabia blamed Iran and its proxies for attacks on Saudi oil infrastructure this week.


    Charts of the Day





    Technician’s Corner


    * EURUSD fell to 8-session lows of 1.1172 at mid-morning, slipping from opening highs near 1.1210. The early round of Dollar friendly US data saw the pairing start its decent, with selling pick up some pace on the break under the 20-day MA of 1.1197. The May 7 low of 1.1167 Support was reached , however the asset manage to hold above it so far today. A break there could open the door for a test of the May 3 low of 1.1135.




    * GBPUSD’s low is 1.2787 in what is now the 5th consecutive daily decline and the eighth down day out of the last nine trading days. Resistance comes in at 1.2875-78. Next Support holds at 1.2700.


    Main Macro Events Today


    * Consumer Price Index (EUR, GMT 09:00) – The Euro Area CPI for April is expected to slow down slightly, at 0.7% from 1% last month. However, the overall picture remains largely unchanged, with headline inflation remaining modest, but underlying inflation starting to firm. No reason then for the ECB to add additional stimulus measures to an already very accommodative policy stance, and “low for longer” remains the message not just from the ECB.


    * Michigan Consumer Sentiment Index (USD, GMT 14:00) – The preliminary May Michigan sentiment reading is forecast at 97.7, up from the final April sentiment at 97.2.


    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. #265
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    Nice information post. Thanks.

  6. #266
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    Date : 20th May 2019.


    MACRO EVENTS & NEWS OF 20th May 2019.






    * Just as optimism on US growth was returning, while worries over a global slowing were easing, the spectre of a trade war is back on the table to heighten uncertainties once again. Trade will remain a focal point along with the European Parliament elections. Thursday is the most data-heavy day with European PMI releases and the the German IFO survey.


    Tuesday – 21 May 2019


    * Monetary Policy Meeting Minutes (AUD, GMT 01:30) – The RBA minutes will provide more insight on the views the Australian Central Bank has about the economy. In the past policy review earlier this month, RBA highlighted downside risks to the economy, but disappointed markets by leaving the cash rate on hold ahead of the federal elections.


    * Inflation Report Hearings (GBP, GMT N/A) – The BOE Governor and several MPC members testify on inflation and the economic outlook before the Parliament Treasury Committee.


    * Retail Sales (NZD, GMT 22:45) – Retail Sales are expected to have slipped to 0.0% for the first Quarter of 2019, from around 1.7% q/q.


    Wednesday – 22 May 2019


    * Consumer Price Index (GBP, GMT 08:30) – Prices are expected to rise in April, with overall inflation expected to stand at 2.1%y/y, compared to 1.9% y/y last month.


    * Retail Sales and Core (CAD, GMT 12:30) –Canadian sales are expected to have eased by 0.4% m/m in March, compared to 0.8% m/m in February.


    * FOMC Meeting Minutes (USD, GMT 18:00) FOMC minutes, detailing the view of each of the Fed Governors and FOMC Members, shed light on their perspectives regarding the future of the US economy. FOMC left policy on hold earlier this month, and it cited solid growth, low headline and core inflation, though Powell said in his presser that the weakness was likely “transitory”.


    Thursday – 23 May 2019


    * Gross Domestic Product (EUR, GMT 06:00) – German Preliminary Q1 results are expected to remain unchanged, at an annualised rate of 0.6%, and at 0.4% compared to 1.1% last quarter.


    * Services and Manufacturing PMI (EUR, GMT 08:00) – Preliminary Manufacturing and Composite PMIs are expected to increase in May, to 48.2 and 51.8 respectively while the Services PMI is forecast at 53.


    * German IFO (EUR, GMT 08:00) – German IFO business confidence is expected to hold steady at 99.2, after it unexpectedly declined to 99.2 in the April reading from 99.7 in March.


    * European Parliamentary Elections – DAY 1


    Friday – 24 May 2019


    * Retail Sales and Core (GBP, GMT 08:30) – Following a correction in March, Retail Sales are expected to slip this month by -0.4% m/m from 1.1% m/m.
    Durable Goods (USD, GMT 12:30) – Durable goods orders are pegged at -1.8% in April, after a 2.7% figure in March. Transportation orders should be -7.2%. Boeing orders should fall to the lean 28 area from an already-low 44 in March, with a likely hit via problems with the Boeing 737 Max that may have prompted buyers to delay new purchase commitments, while vehicle assemblies are seen steady from a 10.8 mln pace in March.


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


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


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

    Andria Pichidi
    Market Analyst
    HotForex

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

  7. #267
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    Date : 21st May 2019.


    MACRO EVENTS & NEWS OF 21st May 2019.






    FX News Today


    * 10-year Treasury yields are down -0.2 bp at 2.414$, JGB yields fell back 0.2 bp to -0.054% as BoJ Governor Kuroda warned against the fallout from escalating trade tensions between the U.S. and China and the minutes of the last RBA meeting confirmed that Australia’s central bank is laying the ground for a rate cut in coming months.


    * Stock markets moved mostly higher, with mainland China bourses outperforming and bouncing back from Monday’s lows, although the impact of the measures that cut Huawei off from vital supplies will likely to continue to impact the tech sector not just in China.


    * USD got a bid -AUD (&NZD sink) on RBA comments that rate cut likely if Employment situations does not improve. (0.6875 & 0.6510) respectively. Powells speech was non-market moving.


    * EUR back to 1.1150 (s) from 1.1175, JPY -110.15 – r at 110.25 (Questions over Abe’s Sales Tax) , GBP 1.2721 – (12 days down for Cable).


    * GOLD Pivots around 1275 support ; OIL – back up to 63.50 from yesterday 62.50 low. R at $64.


    Charts of the Day





    Technician’s Corner


    * AUDUSD fell back under 0.6900 – 20 period moving average sits at 0.6907, S2 is next support at 0.6866. R1 and the 200-period moving average is at 0.6930-33.


    * GBPUSD’s low is 1.2707 in what is now the eighth consecutive daily decline and the eleventh down day out of the last twelve trading days. Pivot point comes in at 1.2730, with support at 1.2700.


    Main Macro Events Today


    * Inflation Report Hearings (GBP, GMT N/A) – The BOE Governor and several MPC members testify on inflation and the economic outlook before the Parliament Treasury Committee.


    * US Existing Home Sales – Expected – 5.38 million, last time 5.35 million.


    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.

  8. ARIONFORXtarder
 

 
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