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  1. #661
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    Date : 23rd April 2018.

    MACRO EVENTS & NEWS OF 23rd April 2018.




    FX News Today

    There’s a lot on this week’s calendar to be digested, including a mass of earnings, heavy Treasury supply, and important data releases. There’s a lot of data, and especially sentiment numbers, that support healthy economic growth ahead. Fiscal stimulus should also be very supportive, not to mention rising global growth (remember the IMF forecasts growth at 3.9% for this year and next). There are a couple of important caveats to that outlook, however. One is the maturity of the U.S. expansion (106 months). It’s getting quite long in the tooth and next month will be the second longest on record, beating the boom in the 1960s. And if it survives until next year, it will become the longest expansion on record. And while we don’t expect a trade war, it is a risk.

    United States: Earnings will be the focal point most of the week as all sectors of the S&P will be well represented from key companies. With almost one-fifth of the S&P having reported, 79% have beaten estimates. As for supply, there’s over $230 bln in bills and short dated coupons on tap. And for data, it’s the Advance Q1 GDP and ECI (both Friday) that will take top billing, but there’s also a number of housing, manufacturing, and confidence reports. Consumer confidence (Tuesday) likely declined to 126.0 in April, from March’s 127.7. As for Michigan sentiment (Friday), a final April reading of 98.0 is expected, little-changed from the preliminary. Though expected to slip in April, both sentiment indicators remain at lofty levels. Confidence reached a 17-year high of 130.0 in February and the Michigan March reading was at a 14-year high. Durable goods orders (Thursday) are forecast rising 1.5% in March on top of the 3.0% jump in February, with shipments and inventories also expected to be up strongly at 0.7% and 0.4%, respectively. March existing home sales (Monday) should rise 0.7% to a 5.580 mln rate, following a strong 3.0% gain in February to 5.540 mln. New home sales (Tuesday) are also expected to rise to 0.630 mln in April from 0.618 mln in February.

    Canada: The week in Canada begins with an appearance by Governor Poloz and Senior Deputy Governor Wilkins in front of the House of Commons Standing Committee on Finance (Monday). The opening statement will be available on the BoC’s site at 15:30 ET. As always, central bank enthusiast can listen in on the Parliament of Canada’s website. The Parliament appearance will presumably reiterate the outlook presented in the announcement and MPR. Poloz and Wilkins appear before the Senate Standing Committee on Banking, Trade and Commerce on Wednesday.

    As for data, wholesale shipment values (Monday) are expected to improve 0.5% in February after the 0.1% gain in January. The report is the final input in the monthly GDP projection, tracking a 0.2% gain in February GDP (m/m, sa) after the 0.1% drop in January. An estimate for real Q1 GDP is for a 1.5% gain (q/q, saar) after the 1.7% increase in Q4, which would be just above the BoC’s 1.3% Q1 estimate from the April MPR and hence have little impact on the near term policy outlook. February average weekly earnings (Thursday) are seen rising 0.1% (m/m, sa) after the 0.2% increase in January. The Bank was constructive on wage growth last week, observing that the continued pick-up is “as expected, even factoring out recent minimum wage increases in Ontario and Alberta.” The April CFIB sentiment indicator will be released on Thursday.

    Europe: The focus this week is on the ECB meeting, which is widely expected to keep rates and guidance unchanged at the April meeting amid ongoing volatility on markets and lingering trade and geopolitical concerns. Draghi will likely sound pretty much like Praet on April 17: Optimistic on growth and the medium term inflation outlook but not convinced yet that inflation developments have met criteria for sustained adjustment. So the message remains for now that an ample degree of stimulus remains necessary and the ECB must be “patient, persistent and prudent”.

    It also a bumper weak on the data front, with PMI, IFO and ESI Economic Confidence taking centre stage. France and Spain are the first major Eurozone countries to release Q1 GDP numbers and Spain will publish the first preliminary inflation reading for April. So plenty of relevant data, most of which is likely to be bond friendly, but unlikely to solve the question whether the current warning signals in indicators are due to one off factors, or the first sign of a broader and quicker slowdown in growth momentum. The long and harsh winter, coupled with widespread flue outbreaks and unusually large numbers of sick days as well as the earlier timing of Easter this year, has left its mark on data through Q1 and likely to also still have an impact on April figures.

    Preliminary PMI readings (Tuesday) are seen falling across the board, but expected to still point to a robust pace of expansion in manufacturing and services sectors. The German Ifo business confidence indicator (Tuesday) comes in a new format this month as the institute has changed the base care tweaked the methodology and also included the services sector now, which so far has been reported separately. This makes forecasts and comparisons more tricky, although the Ifo institute has provided a backward time series. For the new indicator, a dip is expected to 102.8 from 103.2, and a decline in the expectations reading to 99.6 from 100.1 in the previous month. Finally Eurozone ESI economic confidence (Friday) is seen falling to 112.2 from 112.6 in March, with both services and manufacturing confidence expected to decline further. Data may be showing first signs of a slowdown, but the labor market is a lagging indicator and we expect a renewed decline in the German jobless number (Friday) of -5K in April, with the unemployment rate likely to hold at a record low of 5.3%.

    UK: The calendar this week brings the CBI trends surveys, consumer confidence and the first estimate for Q1 GDP, along with monthly government borrowing figures. The April CBI industrial trends survey (Tuesday) expected to come in with a +4 reading in the total orders headline, while the CBI’s distributive sales survey for the same month (Thursday) should post an improvement to a -2 reading in the headline realized sales figure after -8 in the month prior. The April Gfk consumer confidence (also Thursday) anticipated at -7 , which would be unchanged from the previous month. As for GDP (Friday), growth rates expected at 0.3% q/q and 1.4% after respective Q4 figures of 0.4% q/q and 1.4% y/y.

    Japan: The BoJ meets (Thursday, Friday) and no policy changes are expected. This meeting will be the first for the two new deputy governors, Masayoshi Amamiya and Masazumi Wakatabe, and it will be interesting to ascertain their leanings. The March services PPI (Tuesday) is seen rising to a 0.7% y/y clip from 0.6%. The remaining releases are all due Friday. The February all-industry index is forecast bouncing 1.0% after the -1.8% drop in January. March unemployment rate is seen steady at 2.5%, while the job offers/seekers ratio should stay unchanged at 1.58. March industrial production is penciled in at 1.0% y/y from the prior unchanged reading. March retail sales are expected to post a 1.6% y/y clip, slightly down from the previous 1.7% increase. March housing starts and construction orders are also due.

    Australia: The Q1 CPI (Tuesday) is expected to rise 0.6% (q/q, sa) after the matching 0.6% gain in Q4. The CPI is projected to expand at a 2.0% y/y pace in Q1 from the 1.9% y/y growth rate in Q4. Trade prices are due Thursday, with the export price index expected to rise to a 4.0% pace in Q1 (q/q, sa) after the 2.8% rise in Q4. The import price index is anticipated at 1.0% in Q1, half of the 2.0% rate in Q4. The Q1 PPI is due Friday. Reserve Bank of Australia Assistant Governor Kent (Financial Markets) speaks Tuesday at the Housing Industry Association (HIA) Breakfast in Sydney on “The limits of Interest-Only Lending.” Next week brings the RBA’s meeting.

    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.
    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.

  2. #662
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    Date : 24th April 2018.

    MACRO EVENTS & NEWS OF 24th April 2018.




    FX News Today

    European Outlook: Asian markets moved mostly higher overnight, following on from a positive session on Wall Street and amid ongoing USD strength with a weaker Yen underpinning a 0.75% rise in the Nikkei. The Hang Seng is up 0.94%, the CSI 300 rallied 1.75% amid speculation that the government is considering easing some policies put in to limit the credit boom. The absence of any negative news on the trade front seems to have given stock markets some breathing space and U.S. futures are also up in tandem with U.K. futures. Oil prices are also up and the front end Nymex future is trading at USD 69.14 per barrel. For now though bonds are getting a boost and stock markets are also higher, with most European futures posting gains in tandem with U.S. futures and after a positive session in Asia. Today’s calendar focuses on confidence data out of France, Germany and the U.K.. The U.K. also has public finance data and Germany auctions 2-year Schatz notes.

    FX Update: The dollar posted fresh highs against the euro and yen, and many other currencies after a bout of demand in Asia, which extending a broad rally the greenback has been seeing against for over a week now. The narrow trade-weighted USD index (DXY) posted its highest level since the first week of January, at 91.07. EURUSD logged a 10-week low at 1.2184, though euro demand has subsequently fuelled a rebound to the 1.2220 area. USDJPY lifted for a sixth consecutive session, making a 10-week high at 108.87. EURJPY is also firmer, though has so far remained below the two-month high it saw last week. The gains in USDJPY have been concomitant with the U.S. T-note yield nearing the 3.0% level, which has been generating headlines, which comes with the BoJ continuing to peg JGB 10-year yields near 0.0%. The Nikkei 225 closed 0.86% for the better, more than reversing the moderate loss seen yesterday. North Korea’s Kim said that he would be willing to accept IAEA inspections of nuclear facilities.

    Charts of the Day



    Main Macro Events Today

    * German IFO – The German Ifo business confidence indicator, due Tuesday, comes in a new format this month, which includes the services sector now. For the new indicator a dip is expected to 102.8 from 103.2, and a decline in the expectations reading to 99.5 from 100.1 in the previous month. However, after the better than expected PMI readings there is a bias to the upside to the numbers. In any case, we don’t expect the April round of survey indicators to really change the outlook for the ECB, which is seen on hold this week, with officials seeing scope to leave the final decision on the future of the QE program open until July, when the risks to the global outlook may have become a bit clearer and the decision is becoming urgent.

    * UK Public Borrowing – Expectations – at 1.6B pounds from -0.272B pounds last month.

    * US Consumer confidence – likely declined to 126.0 in April, from March’s 127.7.

    * US New home sales – expected to rise to 0.630 mln in April from 0.618 mln in February.

    Support & Resistance Levels



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

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

    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.

  3. #663
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    Date : 25th April 2018.

    MACRO EVENTS & NEWS OF 25th April 2018.




    FX News Today

    European Outlook: 10-year Bund yields are down -0.4 bp at 0.623% in early trade, the 2-year is down -0.5 bp at -0.5685. 10-year Treasury yields pierced the 3% mark overnight, but have fallen back slightly to currently 2.998%, while yields moved broadly higher in Asia with the 10-year JGB up 1.2 bp at 0.054%. Stock markets headed south in Asia, following a weak close in the U.S. with concerns about the earnings outlook amid warnings on profit outlooks hit sentiment. With a lack of key data releases in Europe today the focus is on the ECB meeting tomorrow, where Draghi will likely see through the recent run of weak confidence data to keep the ECB on course to end net asset purchases by the end of the year, but repeat once again that inflation is not yet on a sustainable path higher, which means the ECB is not ready to commit just yet.

    FX Update: USDJPY lifted back above 109.00 from yesterday’s correction low at 108.54, but has so far left yesterday’s 10-week peak at 109.20 untroubled. Ditto for EURJPY. Stock markets in Asia have been broadly lower following declines on Wall Street, with investors digesting higher yields — the 10-year T-note finally touched the 3.0% level (and first time here since early 2017) — and doubts about earnings growth. The USA500 closed out yesterday with a 1.3% loss, while the Nikkie 225 was showing a 0.3% loss in the late PM Tokyo session. This backdrop has likely curtailed yen selling, according to market narratives. In data, Japan’s February industry activity index came in with 0.4% m/m growth, slightly below the median forecast for 0.5%. USDJPY has been trending higher for a month now, from sub-105.00 levels. The dynamic has been concomitant with rising U.S. yields, with looser fiscal policy having given added underpinning to Fed tightening expectations. This comes with the BoJ continuing to peg JGB 10-year yields near 0.0%. Demand for foreign assets by Japanese life insurers has been a factor propping USDJPY up so far in the new fiscal year, while an abatement in concerns about trade tensions and cooling relations on the Korean peninsular have also been in the mix. Overall, we advise following the trend in USDJPY for now. Support comes in at 108.40-42.

    Charts of the Day



    Main Macro Events Today

    * Credit Suisse Economic Expectations

    * Crude Oil Inventories – Expectations – -2.043M Barrels from -1.1M last week

    * BOC Gov Poloz & Wilkins speech – Poloz and Wilkins appear before the Senate Standing Committee on Banking, Trade and Commerce on Wednesday.

    Support & Resistance Levels



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

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

    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.


    Stuart Cowell
    Senior Market Analyst
    HotForex


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

  4. #664
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    Date : 26th April 2018.

    MACRO EVENTS & NEWS OF 26th April 2018.




    FX News Today

    European Outlook: 10-year Bund yields down -0.2 bp at 0.627% in opening trade, the 2-year is up 0.3 bp at -0.564%. So a slight flattening of the yield curve, which mirrors developments in in the U.S.. Still, while 10-year Bund, JGB and Treasury yields are marginally down, they remain at high levels with the 10-year Treasury still holding above 3.0%. Stock markets meanwhile are struggling to come to terms with the prospect of yields rising amid signs of a slowdown in growth. Asian markets traded mixed and while NASDAQ futures got a lift from earnings reports, Dow Jones and USA500 futures are down. In Europe stock futures are moving higher, led by the GER30, amid reports that China will cut import duties on cars. Still, trading is likely to remain cautious ahead of the ECB meeting today. With Draghi widely expected to keep rates on hold, the focus will be on the presser and signs that the central bank is inching closer to a decision on QE. The Riksbank is also expected to keep rates steady. The calendar also has U.K. mortgage data and the CBI retailing survey. German consumer confidence at the start of the session fell back slightly – as expected

    FX Update: The dollar has dipped after posting fresh highs versus the euro and yen, among other currencies. EURUSD posted an eight-week low at 1.2159 while US-JPY rose of an eighth consecutive day, making an 11-week high at 109.46. The move reflected ongoing dollar strength, although the yen has been among the leaders of the underperforming currencies over the last week, too. Loose fiscal policy and Fed tightening expectations have been providing the fundamental underpinnings of the dollar’s ascent, with flagging global stock markets an indirect positive. On the trade front, China said today that it will be cutting the levy on imported cars to about 10-15% from 25% currently. On the geopolitical front, focus is on what Trump decides with regard to the Iran nuclear deal.

    Charts of the Day



    Main Macro Events Today

    * ECB – The ECB is widely expected to keep rates and guidance unchanged at today’s meeting. Draghi will likely sound pretty much like Praet on April 17. Cautiously optimistic on growth and the medium term inflation outlook – to keep a phasing out of QE this year in play, but not convinced yet that inflation developments have met criteria for sustained adjustment.

    * US Labor Data – Expectations – -Unemployment Claims expected slightly lower at 230K from 232K last week.

    * US Durable Goods – Expectations – rising to 1.5% in March , on top of the 3.0% jump in February, with shipments and inventories also expected to be up strongly at 0.7% and 0.4%, respectively.

    * UK Gfk Consumer Confidence – Expectations – at -7, which would be unchanged from the previous month.

    * Japanese CPI, Labor Data and Retail Sales – Tokyo April CPI likely slipped to an 0.8% y/y clip from 1.0% overall, and on a core basis, rose to 0.9% y/y from 0.8%. March unemployment rate is seen steady at 2.5%, while the job offers/seekers ratio should stay unchanged at 1.58. March retail sales are expected to post a 1.6% y/y clip, slightly down from the previous 1.7% increase.


    Support & Resistance Levels



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

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

    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.


    Stuart Cowell
    Senior Market Analyst
    HotForex


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

  5. #665
    andengireng is offline Member
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    EURGPB today, the price is continuing bearish, but it bounces at 0.86918, you can find a sell signal at 0.87301 with potential Take Profit at 0.86918. Please use your money management wisely

  6. #666
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    Date : 27th April 2018.

    MACRO EVENTS & NEWS OF 27th April 2018.




    FX News Today

    European Outlook: Bond as well as equity markets in Europe remain underpinned by a dovish leaving ECB presser yesterday and 10-year Bunds have dropped a further 1.6 bp this morning and are trading at 0.573%, the 2-year is down -0.1 bp at -0.581%, the 5-year Bobl is down -0.5 bp at -0.038%. Curve flattening trades are still at play and Bunds are outperforming Treasuries and JGBs as well as other Eurozone markets. European stock futures meanwhile are moving higher after a largely positive session in Asia as earnings reports underpin the tech sector in particular. Weaker than expected French GDP numbers only added support for bonds, but doesn’t seem to have dented sentiment on stock markets. The calendar is pretty packed today, with more GDP numbers out of the U.K. and Spain, as well as German jobless data and Eurozone ESI economic sentiment.

    FX Update: Dollar majors are at near net unchanged levels heading into the London interbank open. EURUSD late yesterday traded below 1.2100 for the first time in early January, extending the latest phase of losses which were seen in the wake of the dovish-tilting guidance of ECB President Draghi yesterday, following the central bank’s April policy review. Recent EURUSD losses have been driven mostly by dollar outperformance, underpinned by the mix of looser U.S. fiscal policy and Fed tightening, though the comparatively less hawkish/dovish stance of the ECB has been one of the bearish fundamental pillars. USDJPY has remained buoyant but below the 11-week high that was seen yesterday at 109.46. The BoJ left policy on hold at its policy review today, but it removed the timeframe to achieve CPI target following its policy review today. AUDUSD punched out a new four-month low at 0.7538. Data showing Chinese industrial profits at a 21-month low weighted on the Aussie.

    Charts of the Day



    Main Macro Events Today

    * German Unemployment Data- Expectations – a renewed decline in the German jobless number of -5K in April, with the unemployment rate likely to hold at a record low of 5.3%.

    * UK GDP – Expectations – growth rates of 0.3% q/q and 1.4% after respective Q4 figures of 0.4% q/q and 1.4% y/y.

    * Speeches out of ECB Lautenschläger, Merch, SNB Jordan, BoE Carney and MPC Haldane

    * US GDP and PCE – Expectations – Q1 GDP is expected to slow to a 2.1% rate of growth , after the 2.9% Q4 clip, with a moderation that extends the seasonal pattern of Q1 weakness. Q1 PCE is expected to slow to a 2.6% from 2.7% Q4.

    Support & Resistance Levels



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

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

    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.

  7. #667
    HFblogNews is offline Senior Member
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    Date : 30th April 2018.

    MACRO EVENTS & NEWS OF 30th April 2018.




    Main Macro Events This Week

    Much transpired over the past week that appears to have propped up flagging investor sentiment. There was the historic meeting and handshake between Korean leaders Moon and Kim. The 2.3% increase in Q1 GDP beat the 2.1% median forecast, which should assuage fears that growth has downshifted appreciably. Indeed, this expansion will become the second longest on record come May 1, breaking the 106-month expansion from the 1960s. Earnings have mostly come in strong, as expected, with Facebook +63% profits jump in particular overshadowing past data breach hijinx. They, and fundamentals, suggest there should be enough momentum in the economy to break the 120-month expansion record (covering 33 business cycles dating back to 1854).

    United States: The coming week is packed with top tier data and the FOMC meeting, scheduled for May 1-2. The most visible reading on the economy will come from the employment report for April. Early estimates show another expected solid gain to start the second quarter. In addition to payrolls, readings on personal income and consumption should show healthy gains while producer sentiment should remain strong, and productivity predictably tepid. The trade deficit situation is estimated to improve after a substantial deterioration in Q4 and Q1 that partly reflected hurricane-related import strength. As for the FOMC, we expect the Committee to hold policy steady and postpone the next rate hike until in June.

    Top billing goes to the April payrolls report (Friday), expected to rise 210,000 in April , following a tepid and disappointing March gain of 103,000. Personal income is estimated to rise 0.4% in April (Monday), following similar gains over the last 3 months. Nominal consumption is estimated to rise 0.4% as well, resulting in a steady savings rate of 3.4%. Chicago PMI may nudge up to 58.0 in April from 57.4 and pending home sales are seen ticking up to 108.5 in March from 107.5. The ISM manufacturing index should decline to 58.5 in April from 59.3 in March (Tuesday). The ADP employment survey is set to dip to 217k in April from 241k (Wednesday). Initial jobless claims may back up 16k to 225k for the April 28 week (Thursday), up from 209k last week that marked the lowest level since December of 1969.

    Canada: The February GDP (Tuesday) and March trade (Thursday) on tap. A rebound is expected in February GDP to an 0.1% gain after the 0.1% drop in January. March trade is expected to show further growth in exports, leaving a narrowing in the deficit to -C$2.5 bln from -C$2.7 bln. The industrial product price index is due Tuesday while the April Ivey PMI is on tap Friday. The Markit PMI for April is due out Tuesday. Governor Poloz speaks on Tuesday. His appearances at the House and Senate this week were consistent with a gradual data-driven approach to rate hikes.

    Europe: The Eurozone growth outlook is starting to look shaky, and while risks to the Q1 GDP number this week are to the downside, there is a lot of noise in the data at the moment, which means like the ECB we will have to wait some months to let the dust settle from weather-related disruptions. Still, the increasingly uncertain growth outlook is likely to only impact the rate outlook for next year, and the ECB remains on course to take out net asset purchases with a short taper in the last quarter of the year.

    This week’s round of data releases is unlikely to add clarity and could start more quiet than usual as much of Europe is closed Tuesday for Labour Day celebrations, which will prompt many to make a long weekend out of it. The calendar mainly focuses on the second wave of preliminary April inflation numbers and the first reading of Eurozone Q1 GDP, which it is seen decelerating to 0.4% q/q from 0.6% q/q in Q4 last year — with a risk to the downside. Meanwhile, Final PMI readings are expected (Wednesday) to be confirmed at 56.0, and the services reading (Friday) at 55.0, leaving the composite at 55.2, all still firmly above the 50 point no change mark. Data releases also include Eurozone PPI inflation and M3 money supply growth as well as German retail sales and the Eurozone unemployment rate, with the latter expected to hold steady at 8.5%. Germany auctions 5-year Bobls Wednesday, France sells bonds Thursday and there is also ECB speak from Constancio and Coeure on Thursday.

    UK: The calendar this week is highlighted by the PMI surveys along with monthly lending and money supply data from the BoE. The April manufacturing PMI survey (Tuesday) expected to come in at 54.8 after 55.1 in March, while April construction PMI (Wednesday) to rebound from the weather-affected 47.0 reading in March, and the April services PMI at 53.2 after 51.7 in March, which had also been a reading suppressed by bad weather.

    Japan: Japan is on holiday Monday, with Tuesday bringing April auto sales. April consumer confidence (Wednesday) is expected to slip to 44.1 from 44.3. April Nikkei/Markit manufacturing PMI (Wednesday) should improve to 53.3 from 53.1.

    China: The Caixin/Markit manufacturing PMI (Wednesday) should rise to 51.3 from 51.0.

    Australia: The RBA’s meeting (Tuesday) is expected to reveal no change in the 1.50% policy setting. The March trade report (Thursday) is projected to show an improvement to a A$1.0 bln surplus from A$0.8 bln in February. Building approvals (Thursday) are seen rebounding 2.0% m/m in March after the 6.2% drop in February.

    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.

  8. #668
    HFblogNews is offline Senior Member
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    894

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    Date : 1st May 2018.

    MACRO EVENTS & NEWS OF 1st May 2018.




    FX News Today

    FX Update & Outlook: The RBA left rates as expected unchanged at 1.5% and there was also little changed in the statement. However, the statement did add a growth target of 3% for 2019 and 2018. With many markets closed today the Asian session is low on liquidity and the USD remains relatively well bid although, Sterling and the Euro are off recent lows. The AUD was completely unmoved by the RBA and trades at 0.7540, with the JPY at 109.40. Gold slumped under $1312.00 overnight and Oil remains well bid ($68.77) following Israel PM Netanyahu claims that Iran had a secret plan to build nuclear weapons and had been “brazenly lying” about their program. President Trump must decide by May 12 whether or not to extend U.S. participation in the “terrible” Iran nuclear deal.

    US Data Reports: Revealed a slight under-performance for personal income relative to consumption in March that unfortunately narrowed the income-consumption gap of Q1 though a lower income path, although expectations are for a big “real” consumption bounce through Q2. Q2 GDP growth estimate remains at 3.6% after a 2.3% rate in Q1, with real consumption growth of an estimated 3.3% in Q2 after a 1.1% Q1 clip. We saw a flat PCE chain price figure in March that beat the 0.1% CPI drop, though with the same 0.2% core price gains for both. We saw small but divergent April moves in the Chicago PMI and Dallas Fed gauges, to 57.6 and 21.8 respectively. We’re seeing sustained strength across the producer sentiment measures in 2018 despite some April drop-back for some measures from lofty Q4-Q1 readings. The pending home sales report was a modest disappointment, with a lean 0.4% rise from a downwardly revised February figure.

    Charts of the Day



    Main Macro Events Today

    * UK Manufacturing PMI – Expectations are for a further weakening to 54.8 from 55.1 last time in line with weakening in other UK data.

    * ISM Manufacturing PMI – Expected to also fall to a still healthy 58.4 from 59.7 last time anything over 58.5 will be viewed as positive for US manufacturing.

    * CAD GDP – Expectations are for a rise 0.1% in February after the 0.1% drop in January. The projected monthly GDP figures are tracking a 1.3% gain in real Q1 GDP versus the 1.7% pace in Q4.

    * Speeches – The RBA’s Lowe and Poloz from the BOC, the FED are in media blackout before meeting.

    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.


    Stuart Cowell
    Senior Market Analyst
    HotForex


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

  9. #669
    HFblogNews is offline Senior Member
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    894

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    Date : 2nd May 2018.

    MACRO EVENTS & NEWS OF 2nd May 2018.




    FX News Today

    Asia Wrap: Many markets reopened after yesterday’s holidays, but there was little momentum on the only day this week that all Asian markets trade. The Hang Seng underperformed with a -0.65% loss, the CSI 300 is little changed and Nikkei and Topix down -0.23% and -0.17% respectively, as the yen picked up slightly against the dollar. Long yields climbed higher across Asia with the 10-year JGB yield up 0.9bp at 0.037%. 10-year Treasury yields are up 1.3 bp at 2.976%. oil pries are slightly higher and the front end USOil future is trading at USD 67.53 per barrel. Earnings reports remain in focus, Japan consumer confidence declined, while China’s Caixin Manufacturing PMI inched marginally higher.

    European Outlook: Bund yields are higher in opening trade, with the 10-year up 1.4 bp at 0.569%, the 2-year unchanged at -0.599%, leaving the curve steeper, as European stock futures move higher. The uptick in Bund yields comes alongside a 1.3 bp rise in 10-year Treasury yields, which continue to hold below the 3% mark. Yields also moved up across Asia. U.S. stock futures are mixed, with the NASDAQ outperforming, after a lacklustre session in Asia. Eurozone peripherals are outperforming ahead of preliminary Q1 GDP data out of the Eurozone, which is expected to show a clear slowdown in growth momentum and together with the mixed April confidence readings should at least push out the rate hike trajectory for next year, even if it is unlikely to prevent the ECB from phasing out QE by the end of the year. The data calendar also includes the U.K. construction PMI and a German 4-year Bobl sale.

    Charts of the Day



    Main Macro Events Today

    * FOMC Meeting – No policy changes are expected, and since there is no press conference nor updated dots or economic projections. Expect the Fed to largely reiterate the March statement that the economy is expanding moderately, with strong job gains, albeit with some slowing in household and business investment. The Fed may show a little more confidence in reaching the 2% inflation goal given the updraft in various price reports, which would be consistent with expectations for a 25 bp June tightening.

    * EUR Manufacturing PMI – Expectations – inline at 56.0 no change from last time.

    * Speech from head of the BUBA (and still potentila new head of the ECB) –Weidmann

    * EUR GDP – Expectations – Q1 GDP is expected to slow to a 0.4% rate of growth , after the 0.6% Q4 number, with a slow down in YoY number to 2.5% fro Q4 down from 2.7% in Q4. Poor weather, a series of strikes, an early Easter and possibility of an accelerated slow down all swirling around this key release.

    Support & Resistance Levels



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

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

    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.


    Stuart Cowell
    Senior Market Analyst
    HotForex


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

  10. #670
    HFblogNews is offline Senior Member
    Join Date
    Jun 2014
    Posts
    894

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    Date : 18th May 2018.

    MACRO EVENTS & NEWS OF 18th May 2018.




    FX News Today

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

    FX Update: The yen have traded softer into the London interbank open, which saw USDJPY touch 111.00 for the first time since January while concurrently lifting yen crosses. AUDJPY, for instance, clocked a one-month high. A dip in Japanese inflation data weighed on the yen. Headline April CPI fell to a rate of 0.6% y/y from 1.1% y/y in March, while core CPI ebbed to 0.7% y/y from 0.9% y/y. The outcomes undershot market expectations, and should maintain the BoJ’s ultra-accommodative monetary policy. EUR-USD, meanwhile, lifted back above 1.1800, though remain well off yesterday’s high at 1.1837. AUDUSD and Cable also gained, though similarly remained comfortably below the previous day’s peak. The surge in U.S. yields should keep the dollar a buy-on-dips trade.

    Charts of the Day



    Main Macro Events Today

    * EU Trade Balance – expected at 20.7 B surplus slightly below the previous reading at 21 B.

    * Canadian CPI – Expectations – CPI is expected to grow 0.4% (m/m, nsa) in April after the 0.3% gain in March. The CPI is projected to grow at a 2.3% y/y pace in April, matching the 2.3% rate of increase in March. The 2.3 y/y clip in March was the fastest rate since the 2.4% pace in October of 2014.

    * Canadian Retail Sales – Expectations – Retail sales are expected to rise 0.3% in March after the 0.4% gain in February. The ex-autos sales aggregate is projected to rise 0.5% in March after the flat reading in February. The CPI’s gasoline price index rose 2.9% in March after the 0.7% dip in February. Hence, gasoline station sales should provide a boost to total and ex-autos sales retail sales.

    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.

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