Re: Hotforex.com - Market Analysis and News.
Posted: Mon Oct 23, 2017 5:36 am
Date : 23rd October 2017.
MACRO EVENTS & NEWS OF 23rd October 2017.
USDJPY, H1
The better than expected general election result for the PM Abe has helped Japanese stocks to close at record highs. The key Nikkei 225 closed up 1.11% at 21,696, and the futures contract trades comfortably in excess of 21,700. The expectations are for continued stimulation from the BOJ. Conversely the JPY slide on the news with USDJPY gaping and breaking to new highs at 114.10, before filling the gap back to 113.60 to suggest further advance in the coming sessions today. Even the under pressure EURJPY broke over 134.00 before declining under the key 133.80 support. Bond yields also came under pressure following the election result with EGB yields decline, helped by Abe’s victory in Japan, which has underpinned the hopped for longer global central bank stimulus as the ECB prepares to announce its QE extension on Thursday. The 10-year Bund yield is currently down -2.0 bp at 0.43%, as the price rallies to 161.65.
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.
MACRO EVENTS & NEWS OF 23rd October 2017.
USDJPY, H1
The better than expected general election result for the PM Abe has helped Japanese stocks to close at record highs. The key Nikkei 225 closed up 1.11% at 21,696, and the futures contract trades comfortably in excess of 21,700. The expectations are for continued stimulation from the BOJ. Conversely the JPY slide on the news with USDJPY gaping and breaking to new highs at 114.10, before filling the gap back to 113.60 to suggest further advance in the coming sessions today. Even the under pressure EURJPY broke over 134.00 before declining under the key 133.80 support. Bond yields also came under pressure following the election result with EGB yields decline, helped by Abe’s victory in Japan, which has underpinned the hopped for longer global central bank stimulus as the ECB prepares to announce its QE extension on Thursday. The 10-year Bund yield is currently down -2.0 bp at 0.43%, as the price rallies to 161.65.
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.