Hotforex.com - Market Analysis and News.

Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Wed Apr 24, 2019 6:24 am

Date : 24th April 2019.

MACRO EVENTS & NEWS OF 24th April 2019.


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FX News Today

* Australia’s bond as well as stock markets rallied after inflation came in lower than anticipated at 0.0% q/q, down from 0.5% in the previous period and versus median expectations of 0.1%.

* Markets are convinced that the inflation miss will make a rate cut all but inevitable and 10-year yields plunged 10.5 bp, while the ASX jumped as much as 1.1% to a more than 11 year high, after already outperforming yesterday.

* Elsewhere in Asia markets were under pressure, however, despite the strong close on Wall Street, where sentiment was boosted by upbeat earnings reports.

* The USA500 and USA100 closed at record highs Tuesday

* Twitter stock surged more than 15% on earnings beat, while the Coca-Cola share price is up 2% as Q1 earnings revenue was $8.02 billion, topping projections of $7.88 billion. The concerns that China may slow the pace of policy easing and stimulus measures continue to weigh on sentiment.

* WTI oil softer today after surge to 6-mth high at $66.60 yesterday.

Charts of the Day

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Technician’s Corner

* USOIL softer at 66.00 hurdle after topping at a new nearly six-month high of $66.60. Overall, outlook holds to the upside as the asset is sloping within an uptrend, with small corrections to the downside.

* USDJPY has continued to oscillate in a narrow range in the 111.75-112.00 area. The focus this week will be on fresh signs that corroborate the return-to-growth picture in major global economies. A continuation of this theme would be supportive of currencies that performer with higher beta characteristics, such as the Dollar bloc units, while currencies of the low-yielding safe haven type, such as the Yen, would be apt to underperform. USDJPY has Support at 111.54-111.60, levels which encompass the prevailing position of the 200-day moving average.

* AUDUSD dove to 0.7026, just a breath above 3-year Support. It was driven by Aussie-specific losses following sub forecast CPI data out of Australia, which catalysed calls for the RBA to cut interest rates at its next policy review in May. A break of 0.7000 could open the way towards a December slip.

Main Macro Events Today

* IFO (EUR, GMT 08:00) – Business climate in the largest EU country is expected to have grown marginally to 99.9 compared to 99.6 last month.

* Event of the week – BoC Interest Rate Decision (CAD, GMT 14:00) – At the BoC meeting, consensus expectations are that there should be no interest rate change. A sharper and more broadly based slowdown in the domestic economy, alongside a slowing in the global economy that has been more pronounced and widespread than anticipated saw the Bank state “the outlook continues to warrant a policy interest rate that is below its neutral range.”

Support and Resistance Levels

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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.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Thu Apr 25, 2019 4:37 am

Date : 25th April 2019.

MACRO EVENTS & NEWS OF 25th April 2019.


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FX News Today

* The BoJ left rates unchanged, but clarified its forward guidance, saying it will keep rates very low at least through spring of next year.

* Also, they will expand the eligible collateral and also consider the introduction of an Exchange-Traded Fund (ETF) lending facility, that would allow to temporarily lend ETFs that the Bank holds to market participants.

* Japanese stock markets outperformed going into the announcement, but mainland China indices were under pressure.

* Stock futures are moving higher in Europe and the US. The weaker than expected Ifo reading yesterday and a negative GDP print from South Korea overnight added to concerns about the outlook for world growth, which means rates will stay low for longer.

* The Swedish Riksbank is widely expected to keep monetary policy on hold today.

* The front end WTI future is trading at USD 65.91 per barrel.

Charts of the Day

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Technician’s Corner

* USDCHF is consolidating since last night within 1.01970-1.02190 range. However, the pair still holds above 1.0200, suggesting the continuation of the uptrend, as the pair remains well above the medium term Support at 1.0123 level (6 month Resistance converted to Support). Intraday, however, and as momentum indicators have been flattened, consolidation mode could possibly hold within the day. A cross below 1.0200 could retest yesterday’s lows.

* AUDUSD within the strong 3-year Support, 0.7000-0.7020. It could react as a retracement level for the asset. However, the 3 black crows in the daily chart suggest that negative bias is increasing for AUDUSD.

Main Macro Events Today

* Durable Goods (USD, GMT 12:30) – March durable goods orders are expected to rise 0.2%, following a 1.6% February decline. Shipments are expected to fall 1.5% in March, after a 0.2% reading in February.

* NZ Trade Balance (NZD, GMT 22:45) – The trade report is expected to show an improvement in the surplus to NZ$300 mln in March from NZ$12 mln in February.

* Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have remained at 1.1% y/y in April. Industrial Production is expected to have improved, growing by 0.6% m/m in March, compared to -1.1% m/m in February, while Retail Sales are expected to have increased by 1.2% y/y, compared to 0.6% in March.

Support and Resistance Levels

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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.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Fri Apr 26, 2019 5:11 am

Date : 26th April 2019.

MACRO EVENTS & NEWS OF 26th April 2019.


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FX News Today

* Asian stock markets drifted mostly lower as Japan heads for a long holiday week, and with earnings reports and data releases weighing in sentiment.

* Japan production unexpectedly contracted, which after the correction in South Korea GDP yesterday, added to signs of weakness in the region and also highlighted the contrasting strength of the US economy, after robust durable goods orders yesterday.

* President Xi Jinping said China won’t engage in currency depreciation that harms other nations.

* YEN: has been underpinned by safe haven demand amid growth concerns in Asia and European and flagging stock markets.

* The WTI future is trading slightly under USD 65 per barrel.

* Earnings reports and US GDP numbers will provide the main focus for markets today, with the local calendar holding only the UK CBI industrial trends survey.

Charts of the Day

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Technician’s Corner

* USDJPY fell to 2-week lows of 111.38 before rebounding again between the Pivot Point of the day and the 20-day SMa, at 111.60-111.75 area. The pairing fell from the 2019 highs seen into the Wednesday close, and ahead of what was expected to be and was, a dovish BoJ announcement. USDJPY has tried, and failed to hold the 112 mark for several weeks now, and may be entering a phase of shaking out some long positions, before being able to make fresh gains. Overall, risk sentiment will be a determining factor going forward, though with the BoJ on hold, and a chance for further easing ahead, USDJPY can be expected to eventually head higher.

* EURUSD bounced from its trend low of 1.1118 seen after the early round of US data, peaking at 1.1154. The USD generally turned lower through the morning session, appearing to be driven by a round of position squaring following earlier 2-year DXY highs. The Euro is expected to remain in sell-the-rally mode based on the fundamentals. The ECB economic bulletin signaled risks remain to the downside, underscoring the Bank will be “low for longer”. The next downside level remains at the 1.1100 level.

Main Macro Events Today

* US Gross Domestic Product (USD, GMT 12:30) – The economy’s most important figure, Q1 GDP, is expected to rise 2.6%, following a 2.2% pace in Q4 and 3.4% growth in Q3.

Support and Resistance Levels

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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.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Mon Apr 29, 2019 7:18 am

Date : 29th April 2019.

MACRO EVENTS & NEWS OF 29th April 2019.


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* We have a huge week ahead for markets, with two central banks policy meetings being in the spotlight, the BoE and the FOMC. Data-wise, we have some of the heaviest data, with Eurozone’s inflation numbers and GDP for the 1st Quarter of 2019, while the US Jobs report on Friday stands out as the event of the coming week.

Monday – 29 April 2019

* Personal Consumption Expenditures (USD, GMT 12:30) – A low reading of the Fed’s preferred inflation measure is expected to be negative for the USD. PCE inflation is expected to stand at 0.2% reading for February with a 0.1% increase for the core, which matches the headline February CPI and core figures. The March reading is expected at 0.4% PCE chain price and a 0.1% in the core index, which also matches the March CPI reading.

Tuesday – 30 April 2019

* Gross Domestic Product (EUR, GMT 09:00) – Euro Area Preliminary GDP for the 1st Quarter is expected to have increased by 0.3% q/q, compared to 0.2% in the previous quarter, while it should remain flat at 1.1% y/y.

* Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The German HICP inflation was confirmed at 1.4% y/y in March. In April however, it is expected to rise to 1.6% y/y.

* Gross Domestic Product (CAD, GMT 12:30) – February GDP is expected to slow to 0.1%, compared to 0.3% last month, perhaps paving the way for an extended pause in rate hikes from the BoC lasting through mid-year.

* CB Consumer Confidence Index (USD, GMT 14:00) – The Conference Board Index is expected to have declined from 126.0 in April to 124.1 in March.

* Employment data (NZD, GMT 22:45) – Employment expected to keep growing in Q1, with the employment change rising to 0.3%q/q from 0.1%q/q.

Wednesday – 01 May 2019

* ADP Employment Change (USD, GMT 12:15) – The April ADP Employment report should reveal a 175k gain for the month, after a 129k March gain.

* ISM Manufacturing PMI (USD, GMT 14:00) – The Manufacturing PMI is expected to edge up to 55.0 in April from 55.3 in March.

* Interest rate Decision and Conference (USD, GMT 18:00) – The FOMC is expected to leave the funds rates steady and to continue tapering the balance sheet runoff and will taper it in May, and end it in September. However, the US economy is expected to continue strengthen, something that will eventually call for another rate hike later in the year.

Thursday – 02 May 2019

* Interest rate Decision and Conference (GBP, GMT 11:00) – BoE should remain on hold now until the Brexit D-day. If the transition runs smoothly we might see another 25 bp hike in May 2019. The BoE has cautioned that the outlook will “depend significantly on the nature of EU withdrawal,” and noted that “uncertainty has intensified.” Thus, consensus forecasts suggest no change in the policy rate in this meeting and an unchanged 9-0 MPC voting.

Friday – 03 May 2019

* Building Approvals (AUD, GMT 01:30) – The Australian housing sector has been facing issues in the past months, with building approvals surprisingly jump in February at fastest rate in over 5 years, at 19.1% . Consensus forecasts for March however suggest that a comeback could have occurred and hence, Building Approvals are expected to fall at 1.0%

* Consumer Price Index (EUR, GMT 09:00) –The Euro Area CPI is expected to come out at 1.6% y/y, above March’s outcome.

* NFP and Labour Market Data (USD, GMT 12:30)– April nonfarm payrolls are expected to have stood by 190k, with a 180k private payroll gain. Hourly earnings are expected to rise 0.3% for a y/y gain of 3.3%, up from 3.2% 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.

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.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Tue Apr 30, 2019 5:38 am

Date : 30th April 2019.

MACRO EVENTS & NEWS OF 30th April 2019.


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FX News Today

* China misses manufacturing PMIs moving Asian stock markets lower, Japan remains closed all week. The disappointing manufacturing PMI readings out of China, which signalled a deceleration in the pace of expansion in both private and official readings. The official reading fell back to just 50.1 from 50.4.

* French Q1 GDP growth held steady at 0.3% q/q, in line with consensus expectations and bringing the annual rate to 1.1% y/y from 1.0% y/y in the previous quarter.

* YEN: has been underpinned by continued safe haven demand and growth concerns in Asia compounded by the weak Chinese data. USDJPY moved down to test 111.50 overnight.

* USOil remains under $63.50 and weighed by Fridays fall, GOLD pivots around $1280 but is capped at 1285

* Earnings reports from Alphabet disappointed. Overnight, US markets closed up but Futures are down again this morning.

Charts of the Day

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Technician’s Corner

* USDJPY fell again to test 111.50 and the S1 daily support at 111.48. USDJPY has tried, and failed to hold the 112 mark for several weeks now, and may be entering a phase of shaking out some long positions, before being able to make fresh gains. Overall, risk sentiment will be a determining factor going forward, though with the BoJ on hold, and a chance for further easing ahead, USDJPY can be expected to eventually head higher. 112.00 remains key resistance with the 200-day sma at 111.15.

* EURUSD made its way to four-session highs of 1.1184 after the London close, up from early lows of 1.1146. The core PCE price data released earlier was cooler than expected, which helped the Euro post modest gains. While the pairing is well up on Friday’s trend low, further gains will likely be tentative into Today’s preliminary CPI figures from the major EU countries and trades at 111.80, currently. Given ongoing softness in EU data, and an ECB likely to be lower for longer, EURUSD remains pressured. The next downside level remains at the 1.1100 zone.

Main Macro Events Today

* CAD Gross Domestic Product (CAD – 12:30) – The economy’s most important figure, m/m GDP, is expected to rise 0.3%

* German CPI & EUR Flash GDP (EUR – 10:00) – German regional Inflation and Eurozone GDP are both expected to creep up a tick to 0.5% and 0.3% from 0.4% and 0.2% respectively, nothing in the numbers is expected to alert the ECB’s position on a sluggish EZ area.

* Consumer Board Consumer Confidence (USD-15:00) – Expectations are for a bounce to 126.2 in April from 124.1 in March.
Support and Resistance Levels

Image

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

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.
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.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Thu May 02, 2019 4:28 am

Date : 2nd May 2019.

MACRO EVENTS & NEWS OF 2nd May 2019.


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FX News Today

* Asian stock markets traded mixed in quiet trade, with China and Japan still on holiday.

* The Fed held rates steady, as expected but it dealt a blow to hopes of an “insurance” rate cut, while stressing patience and data dependence for the policy outlook.

* Fed chair Powell indicated that low inflation might be transitory, and that global growth concerns had eased.

* The USA30 was down -0.61% at the end, the USA500 lost -0.75%.

* The ASX also dipped -0.74% after the nation’s biggest lender cut its dividend, but benchmarks in South Korea and Hong Kong ticked higher after reports from CNBC saying the US and China could announce a trade deal as soon as next Friday.

* Oil prices fell to USD 63.39 overnight with US stockpiles weighing.

* Gold futures rallied slightly after the FOMC announcement, as the USD fell, and yields headed lower, topping at $1,289.05 from $1,285.00. The contract later fell under $1,275.00, a one-week low.

* Sterling has outperformed for a 2nd day, floated by optimism on the Brexit front.

Charts of the Day

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Technician’s Corner

* GBPUSD has Support at 1.3010, and Resistance at 1.3103, the latter levels encompassing the current situation of the 50-day moving average.

* XAUUSD is trading below 1,272.00. after Fed chair Powell indicated that low inflation might be transitory, and that global growth concerns had eased. This saw the USD and Treasury yields head higher, both weighing on gold prices. Given the strong ADP number, the USD expected to remain underpinned into tomorrow’s release of the April US payrolls report.

* EURUSD fell from a high of 1.1264 to a post-Powell low of 1.1187 before settling to a narrow range around 1.1200. Support holds at 1.1160-1.1185 and REsistastance is set at 1.1210-1.1215.

Main Macro Events Today

* Interest rate Decision and Conference (GBP, GMT 11:00) – BoE should remain on hold now until the Brexit D-day. If the transition runs smoothly we might see another 25 bp hike in May 2019. The BoE has cautioned that the outlook will “depend significantly on the nature of EU withdrawal,” and noted that “uncertainty has intensified.” Thus, consensus forecasts suggest no change in the policy rate in this meeting and an unchanged 9-0 MPC voting.

* US Q1 Nonfarm Productivity (USD, GMT 12:30) – Q1 productivity should post a 1.2% rate of growth, down from 1.9%, with unit labor costs rising 2.3% from 2.0%.

Support and Resistance Levels

Image

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
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.
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.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Fri May 03, 2019 7:33 am

Date : 3rd May 2019.

MACRO EVENTS & NEWS OF 2nd May 2019.


Image

FX News Today

* Stock markets mostly managed slight gains in quiet trade across Asia as Japan and mainland China remained closed for holidays and with investors positioning for the US jobs report.

* BoE yesterday warned that in the central scenario of a smooth Brexit transition rates will have to go up more and faster than markets currently expect.

* Overnight big drop in Australian Building approvals as the market corrected from a big rise in February.

* Earnings also remained in focus with better than expected profits reported by HSBC helping to underpin shares in Hong Kong while a profit warning from Macquarie weighed on the ASX.

* US stock futures are also moving higher after closing broadly lower on Thursday, following alongside Treasury yields as the market further digested yesterday’s signal from the Fed that a rate cut is not on the menu this year.

* US-Sino trade talks also remain in focus and will add to volatility until a deal is finally on the table.

Charts of the Day

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Technician’s Corner

* EURUSD touched a low of 1.1165 into the London open. The pair dropped nearly 100 points from the highs, while the close yesterday under the 1.1200 mark suggests an increasing bearish bias for the Euro. Resistance now sits at 1.1200, or further up to 1.1220 (20 DMA), with Support at 1.1145, the April 29 low.

* USOIL failed to recover yesterday. It remains down nearly 4%, bottoming so far at $61.03. Price weakness has come following the EIA reporting US inventories at near 2-year highs on Wednesday. Supplies are expected to increase further in the next month, as refinery maintenance curbs crude demand. Hence, the $60.50 level is now a key Support, representing both the 50- and 200-day MAs.

Main Macro Events Today

* Consumer Price Index (EUR, GMT 09:00) –The Euro Area CPI is expected to come out at 1.6% y/y, above March’s outcome.

* NFP and Labour Market Data (USD, GMT 12:30) – April nonfarm payrolls are expected to have stood by 190k, with a 180k private payroll gain. Hourly earnings are expected to rise 0.3% for a y/y gain of 3.3%, up from 3.2% in March.

Support and Resistance Levels

Image

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
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.
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.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Mon May 06, 2019 6:11 am

Date : 6th May 2019.

MACRO EVENTS & NEWS OF 6th May 2019.


Image

FX News Today

* Japan remains closed for holidays.

* Elsewhere, China’s April services PMI is due, seen at 54.5 from 54.4.

* In the Asia region risk aversion spiked after US President Trump issued threats of new tariffs on imports from China in a bid to up the pressure in trade negotiations.

* Chinese Vice Premier Liu He is scheduled to return to Washington for trade talks on Wednesday, but after Trump’s threat China is now considering cancelling this week’s round of talks.

* North Korea launched missiles over the weekend, which included the first ballistic missile launch since 2017; this saw investors heading for safety.

* Treasury futures are allying, while yields across Asia are plummeting sharply and stocks selling off.

* Australia’s 10-year bond yield fell nearly 5 bp amid the general flight for safety and as markets position for a rate cut ahead of tomorrow’s RBA decision.

* US futures are posting losses in the region of 1.8-1.9%.

* The front end WTI future is trading at USD 60.45 per barrel.

Charts of the Day

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Technician’s Corner

* EURUSD retested 1.1200 highs, up from the 1.1135 lows seen immediately after the US jobs report. The Dollar overall took a hit on Friday and again today. Though the pair closed the week with modest gains (bullish weekly candle), it remains well off of Wednesday’s high of 1.1265 and within the lower BB area, while intraday indicators have been flattened suggesting intraday consolidation. The Resistance comes in at 1.1228, the 20-day MA and Support at 1.1166. As the US economy is in a solid growth with low inflation sweet spot, the EURUSD is seen following the 1-year downchannel forming lower highs and lower lows.

* AUDUSD fell below the round 0.7000 level below to recover yesterday. As Bollinger Bands extend southwards and momentum indicators are sloping towards oversold barrier, another negative session along with the continuation of lower highs, implies a move towards 0.6800-0.6900 area.

Main Macro Events Today

* Markit Composite PMI and Retail Sales (EUR, GMT 08:00-09:00) – The EU Composite PMI is expected to remain at the three-month low of 51.3 in April, while Retail Sales are forecast to slip to 0.1% m/m in March, with the annual rate decelerating to 2.3% y/y from 2.8% y/y.

* Fed speeches – Fed reports its Senior Loan Officer Survey. Fed President Harker discusses the economic outlook.

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
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.
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.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Tue May 07, 2019 7:06 am

Date : 7th May 2019.

MACRO EVENTS & NEWS OF 7th May 2019.


Image

FX News Today

* Stock market still struggled during the Asian session though and European stock futures are down on the day, as are US futures, although the latter managed to pare some of their overnight losses.

* RBA left cash rate unchanged at 1.5% for now, as federal election looms. The ASX was knocked off highs.

* Trump’s top trade negotiator meanwhile confirmed that Washington plans to go ahead with tariff hikes on Chinese goods on Friday.

* China vice-premier Liu Hewill visit Washington on May 9-10.

* Indices in China and Hong Kong, which started stronger started to pare gains leaving the Hang Seng down -0.11%, the CSI 300 up 0.15% as of 5:32GMT, versus losses of -1.29% and -1.61% in Topix and Nikkei. .

* WTI future managed to climb to USD 62.29.

* German manufacturing orders rebounded 0.6% m/m, -4.0% m/m contraction in the previous month, and showed a sharp decline in orders inflow in the first quarter of the year, highlighting the impact of geopolitical trade tensions on the manufacturing sector in particular.

Charts of the Day

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Technician’s Corner

* USA500 rebounded from 2882 lows, up to 2927 area. As the asset sustains gains above the 20-day MA, with momentum indicators positively configured, the next Resistance area comes at 2848-2960. Support is set athe PP of the day and also the low of the day at 2909.78. RSI is at 57 and sloping higher, in contrast with MACD which suggest weakness of the positive momentum.

* USDJPY recovered from the 1-month low of 110.28 s topping at 110.95 in late NY morning trade. Currently is consolidating around PP level at 110.65. As yesterday’s candles closed outside Bollinger Bands area pointing an oversold asset, while 50- and 200-day MAs have been flattened implying to a near-term ranging market, the asset is expected to enter a consolidation mode. Resistance is now at Friday’s 111.07 low, though the downturn in US Treasury yields may limit gains going forward.

Main Macro Events Today

* Ivey PMI (CAD, GMT 14:00) – A survey of purchasing managers, the Index provides an overview of the state of business conditions in the country. Expectations suggest that the Index will decline to 51.1 compared to 54.3 last month, although still remain above 50.

* BoJ Minutes (JPY, GMT 23:50) – BoJ Minutes are expected to shed more light as to how Japanese policymakers are assessing the current global slowdown and whether they plan any further policy actions.

Support and Resistance levels

Image

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.
User avatar
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Wed May 08, 2019 6:52 am

Date : 8th May 2019.

MACRO EVENTS & NEWS OF 8th May 2019.


Image

FX News Today

* The RBNZ became the first central bank in the developed world to begin loosening policy this cycle. NZDUSD drifted to 6-month low at 0.6525.

* German industrial production unexpectedly rose 0.5% m/m in March.

* Given the correction in orders in Q1 and manufacturing PMI readings that show the manufacturing sector in recession, not just in Germany, the better than expected German production number for March doesn’t change the overall picture of weakness in a sector that clearly is pressured by the combination of geopolitical trade tensions and Brexit jitters, with no sign of improvement, despite today’s upside surprise in the headline reading.

* The weaker than expected trade data out of China showed exports contracting and the trade surplus falling sharply added to ongoing concerns about developments in world trad.

* Brexit fatigue has driven the pound lower vs most other currencies today

* The front end WTI future is trading at USD 61.78 per barrel.

Charts of the Day

Image

Technician’s Corner

* EURUSD dropped to lows under 1.1170 after opening near 1.1200. The downward move came partly on safe-haven flows into the Dollar. Resistance comes at 1.1222, the 20-day MA, with support seen at 1.1135, Friday’s low.

* USDJPY has fallen to 110.16 lows, just below Monday’s 1-month base of 110.29. The pairing has been weighed down by another risk-off session, related to the escalating US/China trade war. Wall Street is sharply lower, while Treasury yields are down again today as well. Further equity losses will likely see the Dollar head below yesterday’s low, which them brings the March 25 bottom of 109.70 into focus.

Main Macro Events Today

* Canadian Housing Starts – April housing starts are expected to improve to 195.0k from 192.5k in March.

Support and Resistance levels

Image

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.
User avatar
HFblogNews
 
Posts: 1052
Joined: Thu Jun 26, 2014 7:28 am

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