Page 16 of 17 FirstFirst ... 614151617 LastLast
Results 151 to 160 of 168
  1. #151
    Silver Member Array
    Join Date
    Mar 2014
    Posts
    186
    Thanks
    0
    Thanked 2 Times in 2 Posts
    Date : 22nd May 2019.

    MACRO EVENTS & NEWS OF 22nd May 2019.


    [IMG]https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-22_09-07-

    50.jpg[/IMG]

    FX News Today

    * Comments from Fed’s Bullard that a rate cut could become an “attractive

    option” if inflation continues to disappoint added support to bond markets ahead

    of the release of the Fed minutes from the May meeting.

    * Ahead of today’s Fed minutes, this helped to lift sentiment and underpin

    stock market sentiment, which struggled for direction amid conflicting trade

    headlines.

    * Reports that the US administration is considering blacklisting up to 5

    Chinese surveillance firms, including Hikvision added fresh concerns about a

    deepening of trade frictions and put pressure on tech stocks.

    * The GER30 futures are heading south in tandem with US futures after a

    mixed session in Asia, where mainland China bourses underperformed.

    * The FTSE 100 future is getting some support from a weaker pound, which

    is shedding the gains seen in the wake of May’s latest Brexit deal yesterday

    * At the same time, China’s ambassador to the US said Beijing is ready to

    resume talks and ASX and Nifty 50 slightly higher.

    * The WTI future meanwhile fell back to USD 62.58 per barrel.

    Charts of the Day

    [IMG]https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-22_09-07-

    29.jpg[/IMG]

    Technician’s Corner

    * EURUSD spiked up briefly to 1.1188, just above its 20-day MA, though has

    now eased back under 1.1150. The Euro remains in sell the rally mode, given the

    Dollar’s yields advantage, and relatively better performing economy. EURUSD has

    posted 6-straight sessions of lower daily lows, a bearish signal, and has sights

    set on the May 3 bottom of 1.1135, then 2019 lows of 1.1110 seen in late April.

    * XAUUSD: Renewed dollar strength, along with the return of risk-taking

    conditions has dented gold’s safe-haven appeal. The US easing of restrictions on

    Huawei has helped equity sentiment, to the detriment of gold prices. Next support

    comes at $1,270 in the near term, then $1,267.30, , the May 2 low, then

    $1,258.38, the 200-day MA.

    Main Macro Events Today

    * Consumer Price Index (GBP, GMT 08:30) – Prices are expected to rise in

    April, with overall inflation expected to stand at 2.1%y/y, compared to 1.9% y/y

    last month.

    * Retail Sales and Core (CAD, GMT 12:30) –Canadian sales are expected to

    have eased by 0.4% m/m in March, compared to 0.8% m/m in February.

    * FOMC Meeting Minutes (USD, GMT 18:00) FOMC minutes, detailing the view

    of each of the Fed Governors and FOMC Members, shed light on their perspectives

    regarding the future of the US economy. FOMC left policy on hold earlier this

    month, and it cited solid growth, low headline and core inflation, though Powell

    said in his presser that the weakness was likely “transitory”.

    Support and Resistance levels

    [IMG]https://analysis.hotforex.com/wp-content/uploads/2019/05/2019-05-22_09-37-

    56-300x140.jpg[/IMG]

    Always trade with strict risk management. Your capital is the single most

    important aspect of your trading business.


    Please note that times displayed based on local time zone and are from time of

    writing this report.


    Want to learn to trade and analyse the markets? Join our webinars and get

    analysis and trading ideas combined with better understanding on how markets

    work.

    [/URL]


    Andria Pichidi

    Market Analyst
    HotForex

    Disclaimer: This material is provided as a general marketing communication

    for information purposes only and does not constitute an independent investment

    research. Nothing in this communication contains, or should be considered as

    containing, an investment advice or an investment recommendation or a

    solicitation for the purpose of buying or selling of any financial instrument.

    All information provided is gathered from reputable sources and any information

    containing an indication of past performance is not a guarantee or reliable

    indicator of future performance. Users acknowledge that any investment in FX and

    CFDs products is characterized by a certain degree of uncertainty and that any

    investment of this nature involves a high level of risk for which the users are

    solely responsible and liable. We assume no liability for any loss arising from

    any investment made based on the information provided in this communication. This

    communication must not be reproduced or further distributed without our prior

    written permission.

  2. The Following User Says Thank You to AllForexnews For This Useful Post:


  3. #152
    Standard Member Array
    Join Date
    Apr 2019
    Posts
    29
    Thanks
    2
    Thanked 0 Times in 0 Posts
    Thank you so much for telling this important thing with us.

  4. #153
    Silver Member Array
    Join Date
    Mar 2014
    Posts
    186
    Thanks
    0
    Thanked 2 Times in 2 Posts
    Date : 23rd May 2019.

    MACRO EVENTS & NEWS OF 23rd May 2019.




    FX News Today

    * Comments from Fed’s Bullard that a rate cut could become an “attractive option” if inflation continues to disappoint added support to bond markets ahead of the release of the Fed minutes from the May meeting.

    * Ahead of today’s Fed minutes, this helped to lift sentiment and underpin stock market sentiment, which struggled for direction amid conflicting trade headlines.

    * Reports that the US administration is considering blacklisting up to 5 Chinese surveillance firms, including Hikvision added fresh concerns about a deepening of trade frictions and put pressure on tech stocks.

    * The GER30 futures are heading south in tandem with US futures after a mixed session in Asia, where mainland China bourses underperformed.

    * The FTSE 100 future is getting some support from a weaker pound, which is shedding the gains seen in the wake of May’s latest Brexit deal yesterday

    * At the same time, China’s ambassador to the US said Beijing is ready to resume talks and ASX and Nifty 50 slightly higher.

    * The WTI future meanwhile fell back to USD 62.58 per barrel.


    Charts of the Day



    Technician’s Corner

    * EURUSD spiked up briefly to 1.1188, just above its 20-day MA, though has now eased back under 1.1150. The Euro remains in sell the rally mode, given the Dollar’s yields advantage, and relatively better performing economy. EURUSD has posted 6-straight sessions of lower daily lows, a bearish signal, and has sights set on the May 3 bottom of 1.1135, then 2019 lows of 1.1110 seen in late April.

    * XAUUSD: Renewed dollar strength, along with the return of risk-taking conditions has dented gold’s safe-haven appeal. The US easing of restrictions on Huawei has helped equity sentiment, to the detriment of gold prices. Next support comes at $1,270 in the near term, then $1,267.30, , the May 2 low, then $1,258.38, the 200-day MA.

    Main Macro Events Today

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

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

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

    Support and Resistance levels



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

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

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



    Andria Pichidi

    Market Analyst
    HotForex

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

  5. #154
    Silver Member Array
    Join Date
    Mar 2014
    Posts
    186
    Thanks
    0
    Thanked 2 Times in 2 Posts
    Date : 24th May 2019.

    MACRO EVENTS & NEWS OF 24th May 2019.




    FX News Today

    * Stock market sentiment stabilised during the Asian session and bargain hunting helped at least Chinese markets to recover slightly.

    * Australian Dollar continuing to outperform as markets position for a rate cut from the RBA.

    * US President Trump seemed to keep hopes of a trade deal alive, but it is pretty clear that any agreement is still a way off and that will likely keep market volatile for now.

    * In Europe investors will be bracing for more political turmoil in the U.K., which also raises the threat of a no-deal Brexit scenario once again, and the fallout from the ongoing European Parliament elections.

    * The marked widening of spreads clearly has attracted the attention of ECB officials, which are one again eagerly campaigning for more risk sharing, Eurobonds and a eurozone wide deposit insurance.

    * The Oil prices have come slightly back from lows, although at currently $58.65 per barrel, the front end WTI future is heading for a sizeable weekly loss.

    Charts of the Day



    Technician’s Corner

    * EURUSD spiked up from 2-year lows of 1.1200 into European open. The Euro’s new trend low, along with data misses prompted a quick and sharp short covering driven rally yesterday, which has since seen EURUSD touch highs of 1.1187. With a good number of shorts squeezed out of the market, the pair could enter a consolidative phase into the weekend.

    * XAUUSD traded to 1-week highs over $1,287 yesterday, while today despite the small selling pressure it manage to hold above the $1,282 area. Safe-haven buying remains the mover, as global equities remained awash in a sea of red, largely driven by escalating trade war fears. From there, a sharp reversal lower for the Dollar added support to Gold prices. Solid resistance comes at the psychological $1,300 level.

    Main Macro Events Today

    * Retail Sales and Core (GBP, GMT 08:30) – Following a correction in March, Retail Sales are expected to slip this month by -0.4% m/m from 1.1% m/m.

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

    Support and Resistance levels


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

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

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



    Andria Pichidi

    Market Analyst
    HotForex

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

  6. #155
    Silver Member Array
    Join Date
    Mar 2014
    Posts
    186
    Thanks
    0
    Thanked 2 Times in 2 Posts
    Date : 27th May 2019.

    MACRO EVENTS & NEWS OF 27th May 2019.




    * The political saga is expected to continue next week after the resignation announcement of Prime Minister May, who will step down on June 7th, after President Trump’s three-day state visit..

    Tuesday – 28 May 2019

    * Inflation Report Hearings (GBP, GMT N/A) – The BOE Governor and several MPC members testify on inflation and the economic outlook before the Parliament Treasury Committee. It is likely that BoE will state again that it will remain on hold now until after the Brexit D-Day.

    * CB Consumer Confidence (USD, GMT 14:00) – The Consumer Confidence is expected to rise to 130.0 in May, from 129.2 in April and a 16-month low of 121.7 as recently as January, versus an 18-year high of 137.9 in October. Overall, confidence measures remain historically high.

    * RBNZ Financial Stability Report (NZD, GMT 20:00) – After RBNZ did the expected in March, leaving the official cash rate 1.75% following its policy review and surprised by stating “the more likely direction of our next OCR move is down.”, it is now expected to remain on the dovish side along with the rest of the central banks.

    Wednesday – 29 May 2019

    * Unemployment (EUR, GMT 07:55) – The German unemployment rate is expected to remain unchanged at 4.9% in May, however the number of vacancies is expected to drop to -7k.

    * 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. However, the abandonment of the mild tightening bias in the last meeting, opened the door to both rate hikes and rate cuts, depending on the flow of data.

    Thursday – 30 May 2019

    * Building Permits (AUD, GMT 01:30) – The reduction in building permits is expected to continue, while with the indicator registering an 15.5% decline in March, expectations are that the decline will stand at 14% in April.

    * Gross Domestic Product (USD, GMT 12:30) – The Preliminary GDP is expected to show a revised 2.9% gain in Q1, versus the 3.2% advance figure released last month, following a 2.2% growth rate in Q4.

    * Tokyo CPI and Production Data (JPY, GMT 23:50) – The country’s main leading indicator of inflation is expected to have dropped slightly at 1.2% y/y in May. Industrial Production is expected to have improved, growing by 0.2% m/m in April, compared to -0.6% m/m in March, while Retail Sales are expected to have fallen by 0.8% y/y, compared to 1.0% in March.

    Friday – 31 May 2019

    * Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The preliminary German HICP inflation for April jumped to 2.1% y/y from 1.4% y/y. However the reading for May is expected to fall back to 1.5% y/y.

    * Gross Domestic Product (CAD, GMT 12:30) – The Q1 GDP is expected to increase to 1.2%, after it slowed to a 0.4% growth rate in Q4 from 2.0% in Q3 (q/q, saar).

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

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

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


    Andria Pichidi
    Market Analyst
    HotForex

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

  7. #156
    Silver Member Array
    Join Date
    Mar 2014
    Posts
    186
    Thanks
    0
    Thanked 2 Times in 2 Posts
    Date : 28th May 2019.

    MACRO EVENTS & NEWS OF 28th May 2019.




    FX News Today

    * Asian equities moved up in line with higher closes on the European markets and buoyed by the muted merger of US_Italian Fiat Chrysler and French peer Renault.

    * New Zealand and Australian Dollar continues to recover, the was AUD bolstered by a rise in Iron Ore prices.

    * US President Trump seemed to keep hopes of a trade deal alive, but it is pretty clear that any agreement is still a way off and that will likely keep market volatile for now.

    * USD a touch firmer – EUR dips to support at 1.1180, JPY continues to pivot around 109.50 and GBP gave up 1.2700 handle and sits at 161.8 Fib level 1.2670

    * Gold declined in the H1 200 ema at $1282.35, breaching the key $1285 psychological area.

    * The Oil prices have breached $59.00 per barrel rising 1% on Monday on tensions in the Middle East, and OPEC-led supply cuts, capped by Russian supply coming back on stream after a contamination problem discovered last month.

    Charts of the Day



    Technician’s Corner

    * EURUSD – H1 EMA crossing strategy triggered at 10:00 at 1.1204 (May 27) and has moved down to 200 EMA and S1 at 1.1181. S2 sits at 1.1170 and the daily pivot sits at 1.1198

    * XAUUSD – H1 EMA crossing strategy triggered at 18:00 at 1285.12 and has run down through S1 (1283.40) to touch 200 EMA at 1282.35. S2 and lower Bollinger band $1281.75. Daily pivot at 1285.35

    Main Macro Events Today

    * CB Consumer Confidence (USD, GMT 14:00) – The Consumer Confidence is expected to rise to 130.0 in May, from 129.2 in April and a 16-month low of 121.7 as recently as January, versus an 18-year high of 137.9 in October. Overall, confidence measures remain historically high.

    * RBNZ Financial Stability Report (NZD, GMT 20:00) – After RBNZ did the expected in March, leaving the official cash rate 1.75% following its policy review and surprised by stating “the more likely direction of our next OCR move is down.”, it is now expected to remain on the dovish side along with the rest of the central banks.



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

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

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



    Stuart Cowell

    Head Market Analyst
    HotForex

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

  8. #157
    Silver Member Array
    Join Date
    Mar 2014
    Posts
    186
    Thanks
    0
    Thanked 2 Times in 2 Posts
    Date : 29th May 2019.

    MACRO EVENTS & NEWS OF 29th May 2019.




    FX News Today

    * RISK-OFF again, trade tensions, Huawei court case and weak sentiment. JPY & CHF were the main movers in the Asian session with USDJPY once again testing 109.20 and USDCHF down to 1.0060. US equities markets fell into the close (S&P down 0.84%), while Asian equities have followed lower (Nikkei down over 1%). Bonds rallied as sentiment continues to be fragile.

    * USD firmer elsewhere; EURUSD dipped to 1.1160, GBPUSD breached 1.2650, and USDCAD attempted 1.3500 again, before slipping back to 1.3480. The Kiwi is firmer following the RBNZ FSR and Governor Orr’s speech, where he avoided monetary policy comments completely. The NZDUSD currently trades off overnight highs of 0.6552 at 0.6544. The AUDUSD supported by pivot point at 0.6972

    * Oil prices gave up highs at $59.33 yesterday following comments by Russia that they will consider an extension of the production cap deal with OPEC – USOil currently holds $58.50. Gold, from lows at $1276 yesterday, has recovered to a key resistance at $1281.80.

    Charts of the Day



    Technician’s Corner

    * EURUSD – H1 – another leg lower from 15:00 GMT yesterday R1 at 1.1185 and the 200 ema at 1.1180 are key resistance areas. Daily Pivot sits at 1.1172. RSI (35) and Stochastic (31) are weak an falling. S1 and the lower Bollinger band are at 1.1145

    * GBPUSD – H1 – Under key daily pivot and 161.8 Fibonacci extension at 1.2676. 1.2650 is a key psychological level. S1 at 1.2648, the lower Bollinger band at 1.2642 and S2 1.2627 provide further support.

    Main Macro Events Today

    * Unemployment (EUR, GMT 07:55) – The German unemployment rate is expected to remain unchanged at 4.9% in May, however the number of vacancies is expected to drop to -7k.

    * 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. However, the abandonment of the mild tightening bias in the last meeting, opened the door to both rate hikes and rate cuts, depending on the flow of data.


    Support and Resistance levels



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

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

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



    Stuart Cowell

    Head Market Analyst
    HotForex

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

  9. #158
    Silver Member Array
    Join Date
    Mar 2014
    Posts
    186
    Thanks
    0
    Thanked 2 Times in 2 Posts
    Date : 30th May 2019.

    MACRO EVENTS & NEWS OF 30th May 2019.




    FX News Today

    * US equities weaker, Treasury yields fell amid flight to safety trades.The concerns that the global economy will slide back into recession amid prolonged trade tensions continue.

    * Chinese media yesterday suggested that Beijing could be limiting the export of rare earths minerals used in the defence an energy sector in order to put pressure on the US only highlighted that the trade war is likely to escalate further before a deal is reached.

    * Against that background US GDP numbers and tomorrow’s inflation data will remain in focus with Bloomberg highlighting that the “Fed model” suggests that there is still value in US stocks, but only if the Fed cuts rates.

    * Oil prices also moved up from recent lows and the WTI future is trading at USD 59.23 per barrel.

    * In Euorpe, Stock futures are also pointing to a stabilisation and a slight easing of risk aversion, with European futures moving higher in tandem with US futures. P

    * olitical developments also remain in focus in Europe amid a pretty quiet data calendar, although after the French number yesterday and ahead of German HICP tomorrow, Spanish inflation data may attract some attention.

    Charts of the Day



    Technician’s Corner

    * EURUSD – H1 – printed one-week lows of 1.1125, and down for the third straight day. Safe-haven flight into the Dollar has been a driver this week, Worse than expected German unemployment data, along with dovish ECB commentary on rate guidance also weighed on the Euro. Support now comes at last week’s two-year low of 1.1107.

    * XAUUSD – H1 – drifted to $1,276.25 slightly below the 200-day EMA, while it remains for a third day in the lower Bollinger Bands pattern. The asset is in a descending triangle since year’s peak. Support could be found in the near term at May 22 low, at $1,272.45, a break of this level could retest year’s strong Support at $1,266.25

    Main Macro Events Today

    * Gross Domestic Product (USD, GMT 12:30) – The Preliminary GDP is expected to show a revised 2.9% gain in Q1, versus the 3.2% advance figure released last month, following a 2.2% growth rate in Q4.

    * Tokyo CPI and Production Data (JPY, GMT 23:50) – The country’s main leading indicator of inflation is expected to have dropped slightly at 1.2% y/y in May. Industrial Production is expected to have improved, growing by 0.2% m/m in April, compared to -0.6% m/m in March, while Retail Sales are expected to have fallen by 0.8% y/y, compared to 1.0% in March.

    Support and Resistance levels



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

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

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



    Andria Pichidi

    Market Analyst

    HotForex

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

  10. #159
    Silver Member Array
    Join Date
    Mar 2014
    Posts
    186
    Thanks
    0
    Thanked 2 Times in 2 Posts
    Date : 31st May 2019.

    MACRO EVENTS & NEWS OF 31st May 2019.




    FX News Today

    * Risk aversion eventually won the day on Thursday, as stocks gave back modest early gains and yields drifted lower from opening highs.

    * Bonds rallied as stocks were pressured by President Trump’s announcement that Mexico will be hit by 5% tariffs that will gradually rise to 25% in a bid to curb immigration.

    * The latest escalation in the global trade war, coming after China’s manufacturing PMI fell more than expected and is now in contraction territory, added to fears that the world economy is heading for recession and sparked a new rally on global bond markets that left the 10-year Treasury rate down -4.5 bp at 2.168%.

    * The WTI future fell back to $55.97 per barrel following the EIA inventory data which showed a 300k bbl fall in crude stocks. The Street had been expecting a 1.0 mln bbl decrease, though the API reported a 5.3 mln bbl draw after the close on Wednesday.

    * European stock futures are selling off in tandem with US futures after a largely weaker session in Asia overnight.

    * Today’s data calendar will likely underpin the rally in bond markets, with preliminary German and Italian inflation data set to confirm that Eurozone HICP fell back sharply in May, thus adding to the arguments of the doves at the ECB ahead of next week’s council meeting.

    Charts of the Day



    Technician’s Corner

    * USDCAD – H1 – found support under 1.3490 early in the session, later bouncing to 1.3547 highs (Wednesday’s post-BoC high) as Oil prices fell to fresh 2-plus month lows. WTI crude bottomed at $56.78, down from opening highs near $59.20. Year’s high at 1.3660-1.3664 is now the next Resistance level, with Support now at 1.3481, which was yesterday’s low.

    * USDJPY – H1 – ran out of steam over 109.90. The pairing has since fallen back under 109.00, taking its cue from Wall Street, which has about squandered all of its earlier gains. The usual talk of Japan exporter offers from the 110.00 mark has been heard, which could have prompted some position squaring ahead of the level. In the bigger picture, trade wars and general risk-off conditions will likely limit further gains going forward. Next Support area between 108.00-108.50.

    Main Macro Events Today

    * Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The preliminary German HICP inflation for April jumped to 2.1% y/y from 1.4% y/y. However the reading for May is expected to fall back to 1.5% y/y.

    * Personal Consumption Expenditures (USD, GMT 12:30) – The April income/consumption report is expected at 0.3% in income. It is also projected to show a 0.3% increase in the PCE chain price index versus a prior 0.2% gain, as well as a 0.2% rise in the core versus unchanged previously. Such gains won’t cause a ripple at the Fed as annual rates remain well below the Fed’s 2% target.

    * Gross Domestic Product (CAD, GMT 12:30) – The Q1 GDP is expected to increase to 1.2%, after it slowed to a 0.4% growth rate in Q4 from 2.0% in Q3 (q/q, saar).

    Support and Resistance levels



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

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

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



    Andria Pichidi
    Market Analyst
    HotForex

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

  11. #160
    Silver Member Array
    Join Date
    Mar 2014
    Posts
    186
    Thanks
    0
    Thanked 2 Times in 2 Posts
    Date : 3rd June 2019.

    MACRO EVENTS & NEWS OF 3rd June 2019.




    * Trade and geopolitics will continue to dominate the headlines into June along with PM May’s official resignation on Friday. Top of the agenda next week will be the RBA and ECB policy meetings, but a lot of attention will also be on the contemporaneous data on the May US Jobs report, the global PMI outcomes and the European Q1 GDP.

    Monday – 03 June 2019

    * Caixin Manufacturing PMI (CNY, GMT 01:45) – The Caixin manufacturing PMI is expected to slip into the neutral zone in May, after the weak Manufacturing PMI signalled contraction yesterday.

    * ISM Manufacturing PMI (USD, GMT 14:00) – The ISM index is expected to rise to 53.5 in May from 52.8 in April, compared to a 14-year high of 61.4 in August. Overall, we’ve seen a stabilization in sentiment since the late-2018 pullback.

    Tuesday – 04 June 2019

    * Retail Sales (AUD, GMT 01:30) – Retail sales are expected to come out lower, standing at 0.2% m/m in April, after drifting to 0.3% increase in March from the 0.9% high in February.

    * Interest Rate Decision (AUD, GMT 04:30) –A 25 bp reduction to 1.25% is anticipated from the current 1.50% rate setting as the RBA adds accommodation amid a slowing economy and low inflation. The minutes from the early May policy review were dovish-leaning, adding to the expectation that rates will be reduced in June.

    * Consumer Price Index (EUR, GMT 09:00) – The preliminary Euro Area CPI for May is expected to drop back to 1.4% y/y from 1.7%y/y last month. The core inflation is seen at 1.0% y/y from 1.3% y/y.

    * Fed’s Chair Powell speech (USD, GMT N/A)

    Wednesday – 05 June 2019

    * Gross Domestic Product (AUD, GMT 01:30) – The Gross Domestic Product figure is probably the most important economic data announcement for a country, closely followed by the unemployment rate. The final Q1 Australian GDP is expected to grow to 0.3% from 0.2%.

    * ISM Non-Manufacturing PMI (USD, GMT 14:00) – The ISM-NMI index is expected to edge up to 55.7 in April from a 19-month low of 56.1 in March, versus a 13-year high of 60.8 in September.

    Thursday – 06 June 2019

    * Event of the week – ECB Interest Rate Decision (EUR, GMT 11:45) – The ECB is widely expected to keep policy rates on hold at the June council meeting, but the presser is likely to be very dovish, with the guidance on rates likely to be pushed well into 2020. The details on the new TLTRO programme are also due to be released and are likely to be generous, but rate tiering doesn’t seem to be on the agenda for now, as the assessment of the possible side effects on negative interest rates continues.

    Friday – 07 June 2019

    * Event of the Week – Non-Farm Payrolls (USD, GMT 12:30) – Along with Thursday’s employment data, payrolls are important in gauging how many people are employed in non-agricultural businesses. Jobs are expected to have increased in May, at 190k following a 263k increase in April. The unemployment rate should remain steady at 3.6% from April, while average hourly earnings should rise 0.3% m/m, for a y/y gain of 3.2%.

    * Employment and Unemployment (CAD, GMT 12:30) – After the 106.5k surge in April employment, which notched a new all-time record 1-month gain, the Canadian unemployment rate is expected to have increased further in May.

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

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

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


    Andria Pichidi
    Market Analyst
    HotForex

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

Page 16 of 17 FirstFirst ... 614151617 LastLast

Similar Threads

  1. Daily Market Analysis from Hotforex Broker
    By HFblogNews in forum Fundamental Analysis
    Replies: 298
    Last Post: 08-30-2016, 02:22 PM
  2. Daily EURUSD & GBPUSD Analysis by HotForex
    By hfbroker in forum Technical Analysis
    Replies: 109
    Last Post: 07-08-2015, 09:16 AM
  3. Daily Market Analysis - IMFutures
    By imfutures in forum Technical Analysis
    Replies: 0
    Last Post: 10-03-2013, 03:18 AM
  4. Ikon's Daily Market Analysis
    By Ajawed in forum Technical Analysis
    Replies: 3
    Last Post: 12-04-2012, 08:59 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •