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    Results 21 to 30 of 67

    Thread: Hotforex.com - Market Analysis and News.

    1. #21
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      Date : 20th February 2019.

      MACRO EVENTS & NEWS OF 20th February 2019.




      FX News Today

      * Bund yields lower in opening trade, Equity markets mostly higher in Asia.

      * Stock markets in Asia remained underpinned by hopes of a US-Sino trade deal.

      * Wall Street closed higher, helped by positive earnings at Walmart Inc. Fresh.

      * President Trump meanwhile suggested that March 1 tariff deadline is not cast in stone, so there is hope that further tariffs can be avoided.

      * Japan’s exports fell 8.4% in January, while imports declined 0.6% y/y. The contraction in exports seems consistent with escalating concern that Japan’s export sector will be dented this year by global trade frictions and the slowing in China’s economy.

      * The Yuan lifted after a Bloomberg report saying the US was looking for a pledge from China that it will not devalue its yuan currency as part of the trade deal.

      * USDJPY has climbed to 110.91 from 110.60, amid cautious risk-on theme

      * WTI crude edged out fresh 3-month high of $56.77.

      Charts of the Day



      Main Macro Events Today

      * Juncker and May meet for another round of crunch talks in Brussels today.

      * EU Consumer Confidence – The overall Eurozone number Consumer Price Index (M/M) on course to be confirmed at 1.4% y/y.

      * FOMC minutes – The focus turns on the FOMC minutes to the January 29, 30 policy meeting as we look to glean more information on the Fed’s pivot to a more dovish point of view, even as rates were left unchanged. We did get a glimpse from Chairman Powell’s press conference, where he noted tighter financial conditions, along with tame inflation. And he said the onus is on price pressures to force a rate move.

      * Australian labour data – The unemployment rate is seen holding steady at 5.0%.

      Support and Resistance Levels



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

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

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

      Andria Pichidi
      Market Analyst
      HotForex

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


    2. #22
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      Date : 21st February 2019.

      MACRO EVENTS & NEWS OF 21st February 2019.




      FX News Today

      * Asian equities initially rallied after Fed minutes promised patience on further policy action but most have moved down from earlier highs.

      * Hopes that the US and China are nearing a deal on trade have risen after an unnamed source cited by Reuters said the two sides have started to outline commitments in principle in what is described as the most significant progress yet.

      * The JPY225 closed with a gain of just 0.15%, while the Topix was unchanged from yesterday. The Hang Seng is up 0.03% and mainland China indices are also little changed.

      * The AUS200 outperformed and rallied 0.70%, after better than expected jobs data.

      * US futures are stronger after Reuters reports outlined progress in US-Sino trade talks and European futures are also moving higher.

      * The March WTI futures are trading at USD 57.33 per barrel.

      Charts of the Day



      Main Macro Events Today

      * EU PMIs – EU Manufacturing PMI is expected to have declined to 50.3 in February, compared to 50.5 last month, dangerously close to the 50 threshold. Services PMI is expected to have increased to 51.4, compared to 51.2 in January, hence pushing the overall Composite PMI higher to 51.1, compared to 51.0 in the previous month.

      * Philly Fed Index – The Philly Fed Manufacturing Index is expected to have declined to 14, compared to 17 in January, still registering a positive effect.

      * Durable Goods – Durable goods are expected to come out registering positive growth for December, compared to negative for November.

      * US PMIs – Manufacturing is expected to have declined in the US, similar to the EU, reaching 54.7 compared to 54.9 last month, while Services are expected to have slightly grown to 54.3 compared to 54.2 in January.

      * Existing Home Sales – Home Sales are expected to have remained at more or less the same levels, at 5M, compared to 4.99M last month.

      * CB Leading Index – The Conference Board Index is expected to have shown a 0.1% m/m increase in January, compared to the 0.1% m/m contraction in December.

      Support and Resistance Levels



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

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

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

      Andria Pichidi
      Market Analyst
      HotForex

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


    3. #23
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      Date : 22nd February 2019.

      MACRO EVENTS & NEWS OF 22nd February 2019.




      FX News Today

      * Both Topix and Nikkei, declined during the Asian session, with -0.25% and -0.18% respectively.

      * Overall, stock markets in Asia struggled through most of the session as subdued inflation data rekindled concerns about a lack of demand and flagging growth and after Wall Street closed in the red.

      * News that US President Trump will meet with China’s top trade negotiator today in Washington seems to have helped Chinese markets to stage a late rally and CSI 300 and Shanghai Comp are up 1.76% and 1.51% respectively and the Hang Seng also managed to claw back losses and is up 0.11%.

      * US stock futures are posting marginal gains and the April WTI future is trading at just over USD 57 per barrel.

      * USDCAD rallied over 1.32 to 1.3225, as Oil inventories rose, with the US at record production levels. Oil price is now back around the $57 mark.

      * Japanese CPI data same as forecasts, pushing the Yen higher.

      Charts of the Day



      Main Macro Events Today

      * EU CPI Inflation – Core inflation is expected to be confirmed at 1.1% y/y while the overall inflation rate is expected to have stood at 1.4% in January.

      * Canadian Retail Sales – Retail Sales are expected to have declined by 0.3% m/m in December, an improvement from the 0.6% declined observed in November.

      * Mario Draghi Speech – The ECB President is due to speak to the University of Bologna where he will accept an honourary degree.

      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.

      Dr Nektarios Michail
      Market Analyst
      HotForex

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


    4. #24
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      Date : 25th February 2019.

      MACRO EVENTS & NEWS OF 25th February 2019.




      FX News Today

      * A rally in Chinese equities led to a broad rise in Asian stock markets, after confirmation from US President Trump that he will delay the planned increase in tariffs on Chinese goods, which had been scheduled to start in March.

      * This saw the CSI 300 and Shanghai Comp rallying 5.58% and 5.29% respectively.

      * The Hang Seng rose 0.44%, while Topix and Nikkei gained 0.71% and 0.48% respectively, as Trump cited “substantial progress” in the talks and said that he would plan a summit meeting with China’s President Xi Jinping at his Mar-a-Lago estate to conclude an agreement, if there is additional progress.

      * More concrete signs then that trade tensions can be resolved through talks and US futures are moving higher, while the April WTI future is trading at USD 57.16 per barrel.

      * USD traded mixed at 1.1345 against the Euro and at 110.60 against the Yen.

      * No Brexit Vote this week after all but one should take place by March 12.

      Charts of the Day



      Main Macro Events Today

      * BoE Carney Speech – The BoE Governor is due to hold a press conference in London.

      * FOMC Clarida Speech – Richard Clarida is expected to participate in a moderated discussion titled “A conversation with Community Leaders” in Dallas, Texas.

      * Wholesale Inventories – The change in the total value of goods held by wholesalers is expected to stand at 0.3%, the same rate as the previous month.

      Support and Resistance Levels



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

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

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

      Dr Nektarios Michail
      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.

      ---------- Post added 02-26-2019 at 12:34 PM ---------- Previous post was 02-25-2019 at 03:21 PM ----------

      Date : 26th February 2019.

      MACRO EVENTS & NEWS OF 26th February 2019.




      FX News Today

      * Stock markets outside of mainland China headed south.

      * The first offshore default by a Chinese state owned company in 20 years sparked a fresh wave of risk aversion and concerns over the health of the Chinese economy, as it has failed to repay a US dollar bond in Hong Kong.

      * Border tensions between India and Pakistan added to the risk-off sentiment.

      * European stock futures are also heading south, in tandem with US futures, amid ongoing Brexit uncertainty.

      * German GfK consumer confidence held steady at 10.8 in the advanced reading for March, unchanged from the February reading.

      * WTI crude dropped $2.00/bbl on Pres Trump tweet “Oil prices getting too high.”

      * USDJPY fell amid risk-on theme, but still above 110.70.

      * EURUSD firmer to around 1.1350 area.

      * Gold is still unable to move decisively past the 1330 mark.

      Charts of the Day



      Main Macro Events Today

      * Inflation Report Hearings

      * UK Prime Minister Theresa May will update parliament today.

      * US Housing data – Housing starts are estimated to rise 0.3% to a 1.260 mln pace in December, following a 3.2% jump to 1.256 mln in November. Building Permits are set at 129M in December.

      * Fed Chair Powell Testifies – Fed Chairman Powell gives his semi-annual report to Congress. He will testify before the Senate Banking Committee.

      * CB Consumer Confidence – It is expected to rise to 124.0 in February, from an 18-month low of 120.2 in January, and versus an 18-year high of 137.9 in October.

      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.[COLOR="Silver"]

      ---------- Post added at 11:12 AM ---------- Previous post was at 11:10 AM ----------

      Date : 27th February 2019.

      MACRO EVENTS & NEWS OF 27th February 2019.




      FX News Today

      * Asian stock markets started higher after Fed’s Powell reiterated the cautious stance at the US central bank, telling lawmakers that there is “no rush to make a judgment” on further rate hikes.

      * Traders are awaiting the second half of Powell’s testimony, while watching the US-North Korea summit, but after the sharp corrections in the second half of last year markets appear reluctant to push up too far.

      * Dollar gained some against the Euro as CB confidence rose to 131.4, compared to 124.8 last month, while GBP declined from its 1.3272 peak. The Yen continued to rally against both the Euro and the Dollar, currently trading at 110.44 with respect to the latter.

      * Topix and Nikkei closed with gains of 0.20% and 0.50% respectively, while mainland China bourses, which outperformed through much of the session, have erased gains leaving CSI 300 and Shanghai Comp down 0.56% and 0.02%.

      * Small caps underperformed and the Shenzhen Comp is down -0.87%.

      * The Hang Seng meanwhile is still hanging on to a 0.20% gain.

      * US futures are heading south while the front end WTI future lifted to USD 55.88 per barrel.

      Charts of the Day



      Main Macro Events Today

      * US Durable Goods – Durable goods orders, an important indicator of consumer spending, are expected to have grown by 0.2% in January, compared to 1.2% in December.

      * Canadian Inflation – Probably the country which usually posts the world’s most stable inflation rate, Canada is nonetheless expected to have seen its prices grow by 1.5% y/y in January, compared to 2% in December.

      * Fed Chair Powell Testifies – Fed Chairman Powell continues his semi-annual report before the Senate Banking Committee.

      * Pending Home Sales – Pending Home Sales are expected to have grown by 0.4% m/m, compared to -2.2% in December.

      * Factory Orders – Orders are expected to have increased by 0.5% m/m, compared to a 0.6% reduction in November.

      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
      Dr Nektarios Michail
      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.


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      Date : 28th February 2019.

      MACRO EVENTS & NEWS OF 28th February 2019.




      FX News Today

      * Bond and stock markets came under pressure during the Asian session.

      * The US-North Korea summit ended abruptly and without any ceremony, which weighed on investor sentiment and saw stock markets heading south in Asia.

      * Chinese manufacturing PMI numbers, which fell back to 49.2 from 49.5, and escalating tensions between India and Pakistan added to the risk-off backdrop.

      * Topix and Nikkei both lost -0.79%, the Hang Seng is down -0.19%, CSI and Shanghai Comp lost -0.14% and -0.38%, but the Shenzen Comp managed to claw back some of yesterday’s marked losses.

      * The ASX and Nifty outperformed and managed slight gains.

      * US futures are also heading south, as oil prices are lower on the day and the April WTI future is trading at USD 56.76 per barrel.

      * Oil was a big mover yesterday, up and then down on reports of record US production, after the Inventories showed a draw-down of 8 million barrels against expectations of a increase off 2.8 million.

      Charts of the Day



      Main Macro Events Today

      * US GDP and PCE – US Q4 GDP is expected to have grown by 2.3% on an annualised rate, compared to 3.4% in Q3. PCE inflation is expected to have stood at 1.7%, increasing from 1.5% in the previous quarter.

      * Canada Current Account – The Canadian current account deficit is expected to have widened in the final quarter of 2018, with consensus forecasts standing at 13.5B, compared to 10.3B in the previous quarter.

      * Chicago PMI – The Chicago PMI is expected to have increased to 57, compared to 56.7 in January.

      * Tokyo Core CPI and Japan Unemployment Rate – The Tokyo Core CPI, a proxy for overall Japanese inflation, is expected to have stood at 1% y/y in February, compared to 1.1% in January.

      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.

      Dr Nektarios Michail
      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.be reproduced or further distributed without our prior written permission.

      ---------- Post added 03-01-2019 at 12:04 PM ---------- Previous post was 02-28-2019 at 12:11 PM ----------

      Date : 1st March 2019.

      MACRO EVENTS & NEWS OF 1st March 2019.




      FX News Today

      * Asian stock markets rallied driven from MSCI, weighted on Bonds.

      * MSCI Inc. announcement that will increase the weight of Chinese stocks in its global benchmarks also underpinned bourses.

      * The strong manufacturing PMI reading out of China, following on the heels of better than feared US GDP readings yesterday helped to underpin risk appetite.
      The Yen has weakened concomitantly with rising stock markets in Asia.

      * German January retail sales much stronger than expected at 3.3% m/m

      * Eurozone HICP inflation seen ticking up to 1.5% y/y from 1.4%.

      * EURUSD dropped back from 3-week highs to mid 1.13s.

      * USDJPY rallied to 10-week high of 111.80.

      * Gold slide on better US GDP, higher yields and stronger Dollar.

      Charts of the Day



      Main Macro Events Today

      * EU Final Manufacturing PMI – They are expected to confirm the overall Eurozone reading at 49.2, which would leave it in contraction territory.

      * EU CPI and core – The overall Eurozone HICP is seen ticking up to 1.5% y/y from 1.4%, while core inflation is likely to hold at just 1.1% y/y.

      * German jobless numbers – Jobless data is seen rising 1K (median -3K), which should leave the jobless rate at a record low of 5.0%

      * Canadian Q4 GDP – GDP for the last Quarter of 2018 is expected to slow to a 1.0% pace (q/q, saar) in January from the 2.0% rate of expansion in Q3, reflecting the hit from the oil price plunge during the quarter.

      * Canadian December GDP – It is seen coming in flat (0.0%) after the 0.1% decline in November, reflecting the drag on the economy from the oil producing sector.

      * US December personal income – It is projected rising 0.5% after a 0.2% rise in November, reflecting strength in December aggregate income.

      * US PCE – A -0.3% decline is seen in real PCE in December, following a 0.3% increase in November. Core PCE Price Index is anticipated at 0.2%m/m from 0.1%m/m.

      * US ISM Manufacturing PMI – The February ISM is expected to slip to 55.0 in February, but from a robust 56.6 reading in January.

      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.


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      Date : 4th March 2019.

      MACRO EVENTS & NEWS OF 4th March 2019.




      FX News Today

      * A report in the WSJ over the weekend that the US and China closing in on a deal, and that Trump and Xi are to meet on March 27, pushed equities up although nothing is confirmed by Beijing or Washington.

      * USA500 closed over 2800 Friday and holds gains this morning at 2813, while Nikkei closed up 1%. USD holds gains.

      * Oil big down day on Friday with a move to 55.65 from 57.50. Gold closed the week under 1300.00, with trades down at 1294.

      * Big policy week ahead, with ECB, RBA, and BoC interest rate decisions, as well as NFPs on Friday.

      * The Brexit process will remain a key focus for markets this week. Political developments in the UK last week reduced the odds for a no-deal Brexit scenario, although it has always be our conviction that this is a low-risk possibility as the UK parliament will have final say and, given the numbers and strength of view of most MPs, it is hard to conceive that a no deal would be allow to happen.

      Charts of the Day



      Main Macro Events Today

      * UK Markit Manufacturing PMI – The UK PMI is expected to have stood at 50.2 in February compared to 50.6 in January, in response to the slowdown in the world economy.

      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.

      Dr Nektarios Michail
      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.


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      Date : 5th March 2019.

      MACRO EVENTS & NEWS OF 5th March 2019.




      FX News Today

      * Stock markets struggled after Wall Street closed lower on Monday.

      * US equities slumped as trade optimism gave way to fresh economic concerns after the drop in construction spending.

      * The US may lift tariffs on Chinese imports, will sign off on final deal later in the month (March 27).

      * Bloomberg also reported that some $90 bln (3%) in VAT reductions is planned by China as well.

      * China lowered its official goal for economic growth this year to 6.0% from 6.5%.

      * RBA left official cash rates unchanged at 1.50%, as expected.

      * WTI future is trading at USD 56.36 per barrel.

      * Gold dipped under $1,284 on risk-on trade, before finding prop from stock slump.

      * USDJPY off Friday’s 10-week high at 112.07.

      * EURUSD hit 1-week lows into ECB.

      Charts of the Day



      * EURUSD crossed the 20-day SMA. In the 1-hour chart, the bearish cross of 50- and 200-period EMA along with the negative configured indicators imply further declines.

      * USDJPY moves for a 3rd day above an ascending triangle, the 200-DMA and on Friday broke the 11-day Resistance. This suggests the strengthening of the positive bias.

      * GBPUSD held in an upwards channel in the daily chart despite 3 negative sessions. Intraday is below 3 MAs, while Support is at 1.3140 and 1.3110.

      * XAUUSD is extended below BB. It found Support at 1,282.80 Next Support at 1,275 and Resistance at yesterday’s peak.

      * Biggest Loser: NZDUSD forms 5 consecutive bearish daily candles, trading below the 20-day SMA, while the long low wings suggest an increasing bearish bias overall.

      Main Macro Events Today

      * EU Markit PMI Composite – The final Services PMI is expected to be confirmed at 52.3 which should leave the composite reading at 51.4, but with a slight risk to the upside after the marginal revision to the manufacturing PMI.

      * UK Service PMI – The Services PMI reading is expected to come in at 50.0, the dividing line between contraction and expansion.

      * US Home Sales – New home sales are estimated falling 8.7% in December to 600k after a 16.9% surge in November.

      * US ISM Non-Manufacturing PMI – February ISM-NMI index is forecast to rebound to 57.3 after falling 1.3 points to 56.7 in January.

      * BoE Governor Carney – BoE Carney is due to testify on Brexit, inflation, and the economy before the House of Lords Economic Affairs Committee, in London.

      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.

      ---------- Post added 03-06-2019 at 01:00 PM ---------- Previous post was 03-05-2019 at 01:32 PM ----------

      Date : 6th March 2019.

      MACRO EVENTS & NEWS OF 6th March 2019.




      FX News Today

      * Bond yields declined after Fed’s Rosengren suggested the pause in the rate hike cycle may last several meetings, while Morgan Stanley is now predicting that Treasury yields will continue to drop by the end of the year, and traders are likely to remain cautious ahead of US jobs data on Friday.

      * Australian bonds rallied and the AUD was under pressure as weaker than expected GDP numbers data added to speculation of rate cuts from the RBA, which in turn helped the ASX to gain 0.75%.

      * Overall stock markets traded mixed across Asia with markets reluctant to push out valuations further without more concrete details on the possible US-Sino trade deal.

      * Dovish-leaning BoJ comments failed to give Japanese markets a lift and Topix and Nikkei closed with losses of -0.25% and -0.60% respectively.

      * China’s announcement of measures to boost domestic consumption further this year, helped Shanghai and Shenzhen Comp to gain 0.55% and 0.46% respectively.

      * US stock futures are broadly lower, as are European futures, while the front end WTI future is trading at USD 56.10 per barrel.

      Charts of the Day



      Technician’s Corner

      * EURUSD traded around 1.13, unable to break decisively in either direction, as the post-PMI rally eased. MACD and Stochastics point to an uptrend although MAs are still down.

      * USDJPY managed to maintain its gains, as the short-term MA appear about to break through the longer-term MA and the mid-Bollinger level, supported by the indicators.

      * GBPUSD moved slightly down on account of the Dollar strength, albeit not breaking through the 1.31 mark. Indicators are showing mixed signals.

      * XAUUSD broke through the mid-Bollinger level and has been moving towards its 200HMA. Support level is at 1290, with Resistance at 1320.

      * Biggest Winner: EURAUD gained significantly as RBA Governor Lowe tried to downplay the importance of the housing market slump, arguing that the probabilities are evenly balanced between rate hikes and rate decreases.

      Main Macro Events Today

      * ADP Employment Change (GMT 13:15) – February’s labour market data are projected to have been improving at a lower rate, at 189K, compared to 213K in January.

      * BoC Rate Statement (GMT 15:00) – BoC is not expected to raise interest rates, a result of weaker than expected Canadian data releases, as well as the overall “wait and see” stance of many Central Banks around the world.

      * US Crude Oil Inventories (GMT 15:30) – The change in the number of barrels of crude oil held in inventory by commercial firms during the past week affects both the price of Oil as well as Oil-dependent currencies such as the Loonie and the Aussie. Forecasts are that inventories will rise by 1.2M, compared to a reduction of 8.6M last week.

      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.

      Dr Nektarios Michail
      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.


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      Date : 7th March 2019.

      MACRO EVENTS & NEWS OF 7th March 2019.




      FX News Today

      * The Yen and the Swissy edged up as investors sought shelter in safe-haven currencies, and stock markets headed south during the Asian session amid fresh concerns about the global growth outlook, increased US-North Korea tensions, and as traders await more details on a possible US-Sino trade deal.

      * The BoC added its name to the growing list of central banks that are taking a pause to assess current risks, maintaining rates at 1.75% and watering down its rate normalization.

      * Yesterday’s data showed the US trade deficit widening to a 10-year high, which will only increase the risk of further protectionist measures at a time when global trade tensions increasingly weigh on growth prospects.

      * The OECD cut forecasts for the global economy in 2019 and 2020, again yesterday, delivering a bleak assessment of the global economy. However, the prospect of further stimulus measures is keeping bond markets underpinned and the fallout in the stock market appears to be limited. Still, all Asian markets are trading in the red, with the only exception being the ASX which rose by 0.29%.

      * US futures are heading south, however, while the front end WTI future is trading at USD 56.26 per barrel.

      Charts of the Day



      Technician’s Corner

      * EURUSD is trading around 1.13 again, unable to break decisively in either direction, in anticipation of the ECB meeting and the NFP data tomorrow.

      * USDJPY has declined as investors sought shelter in safe-haven currencies, reaching 111.68 and creating a downwards trend towards the 200-HMA at 111.30.

      * GBPUSD moved slightly higher, albeit not breaking through and remaining above the 1.319 mark. MACD, Stochastics and MAs point downwards.

      * XAUUSD broke through its Support level at 1290, and appears to have currently paused at 1284. Indicators are sending mixed signals.

      * Biggest Winner: USDCAD gained significantly as BoC maintains its interest rates unchanged. The pair jumped 20 pips during the meeting and is currently trading at a 2-month high at 1.3442.

      Main Macro Events Today

      * EU GDP (GMT 10:00) – The European Union’s GDP is expected to come out at 1.2% y/y, the same as the preliminary release in February.

      * ECB Interest Rate Decision (GMT 12:45) – No changes are expected from the ECB meeting, although Mario Draghi’s speech could provide more insights with regards to the potential TLTRO implementation or other possible policy measures.

      * Productivity, Labour Costs, Jobless Claims (GMT 13:30) – Productivity is expected to have slowed down to 1.6% in Q4, compared to 2.3% in the previous quarter, while Labour Costs are expected to have risen by 1.6%, compared to 0.9% in Q3. Initial Jobless Claims are expected to have remained at the same level, while Continuing Jobless Claims are expected to have declined to 1.775M.

      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.

      Dr Nektarios Michail
      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.

      ---------- Post added 03-08-2019 at 12:45 PM ---------- Previous post was 03-07-2019 at 01:51 PM ----------

      Date : 8th March 2019.

      MACRO EVENTS & NEWS OF 8th March 2019.




      FX News Today

      * Global sell off in stock markets continued during the Asian session.

      * Chinese markets in particular sold off after much weaker than expected trade data and a rare “sell” rating from China’s largest brokerage was taken as a sign that the government wants to limit gains on equity markets.

      * The ECB’s dovish turn and sharp growth revisions have fuelled concerns about the global outlook and sparked a fresh wave of risk aversion.

      * German manufacturing orders slumped -2.6% m/m in February

      * GER30 slumps at 11425.00 area on the EU open.

      * EURUSD plunged below 1.1200 after ECB.

      * USDJPY ebbed to 1-week low, AUDJPY saw 2-week low, amid risk-off backdrop

      * The WTI future is trading at USD 56.38 per barrel.

      * US futures are heading south, however, while the front end WTI future is trading at USD 56.26 per barrel.

      Charts of the Day



      Technician’s Corner

      * EURUSD has consolidated around 1.12 after post-ECB plunge into 21-low terrain. The weak bullish candles suggest a weak positive bias.

      * GBPUSD in a ranging market with immediate Resistance at 1.3100 and Support at 1.3065. Overall remains in downtrend with Momentum indicators negatively configured intraday and daily as well.

      * XAUUSD reached 1293 level but remains for 5th day above 1280 which stands a near term Support. It break outside hourly Bollinger Bands could follow by a pullback as it suggest an overextended move.

      * Biggest Winner: USDJPY has dipped to 110.95 from 111.60. The pair broke the the 200-day moving averageand is currently retesting a cross into negative BB area. This along with a decline of positive bias in MACD and Stochastic suggest a possible turn of the outlook into negative one in the medium term.

      Main Macro Events Today

      * US Housing starts – It should rise 11.3% to a 1.200 mln pace in January after an 11.2% drop to 1.078 mln in December.

      * US NFP – A rather solid February nonfarm payroll report is seen, even if the headline 180k job gain significantly undershoots the 304k January surge and would be the smallest gain since September.

      * Canadian Labor data – Employment is expect to reveal a 20.0k gain in jobs during February after January blasted through expectations with a 66.8k increase. The unemployment rate is seen unchanged.

      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.


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      Date : 11th March 2019.

      MACRO EVENTS & NEWS OF 11th March 2019.




      FX News Today

      * Stock market sentiment started to stabilise during the Asian session and many indices, first and foremost in China, managed to claw back some of Friday’s losses.

      * Chinese indices led the way after moving past the disastrous trade number from last Friday.

      * While dovish-leaning central banks in general and the additional action from the ECB in particular sparked fears that the global growth outlook is actually worse than anticipated, the fact that there is more support should also be constructive for stock markets in the medium term.

      * BoJ is set to meet this week while it is believed that China and the US are in general agreement on many crucial issues and have held meaningful discussions on foreign exchange, according to People’s Bank of China Governor Yi Gang.

      * Topix and Nikkei are up 0.57% and 0.47% respectively, the Hang Seng gained 0.68%, CSI 300 and Shanghai Comp are up 1.47% and 1.35% respectively and the Shenzhen Comp outperformed with a 3% gain. The ASX meanwhile was among the few underperformers with a loss of -0.38%.

      * US futures are narrowly mixed, with the Dow Jones futures underperforming and the front end WTI future trading at USD 56.32 per barrel.

      Charts of the Day



      Technician’s Corner

      * EURUSD has consolidated having risen after the NFP release, with 1.1256 standing as the next Resistance level, while Support is found at 1.1224.

      * GBPUSD appears to be currently moving in anticipation of tomorrow’s Brexit developments, with immediate Resistance at 1.3050 and Support at 1.2961.

      * XAUUSD moved past 1300 for a while before retracting, but remained above 1280 for a 6th day. Immediate support is at 1292 while Resistance remains at 1300.

      * USDJPY is still trading at two week lows, with the immediate Support and Resistance levels standing at 111.05 and 111.25.

      Main Macro Events Today

      * Retail Sales ex Auto (USD, GMT 12:30) – Retail Sales are expected to have grown by 0.3% m/m, most likely a base effect from the previous 1.8% reduction in December.

      * Eurogroup Meeting (EUR, Full Day) – The Finance Ministers of each Member State will meet in Brussels to discuss various financial issues, including fiscal policy.

      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.

      Dr Nektarios Michail
      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.

      ---------- Post added 03-12-2019 at 12:24 PM ---------- Previous post was 03-11-2019 at 02:42 PM ----------

      Date : 12th March 2019.

      MACRO EVENTS & NEWS OF 12th March 2019.




      FX News Today

      * The global stock market recovery continued during the Asian session.

      * News came out at the last minute that a “legally binding” agreement has been reached between the EU and the UK, giving May an assurance that the dreaded Irish border backstop doesn’t become permanent underpinned.

      * The pound strengthened, as well as stock markets across Asia after a positive close on Wall Street, where robust retail sales had helped to bolster confidence.

      * The latter also helped tech stocks to break the losing streak amid news that Nvidia Corp. agreed to buy chipmaker Mellanox Technologies Ltd.

      * Topix and Nikkei rose 1.52% and 1.79% respectively overnight. The Hang Seng is up 1.2% and CSI 300 and Shanghai Comp rose 0.48% and 0.76% so far, with the Shenzen Comp up 0.88%.

      * The ASX underperformed and closed with a loss of -0.09%, as Aussie loans data again came out negative.

      * US futures are broadly higher, while the front end WTI future saw a high of USD 57.14 before falling back to now USD 56.91 per barrel.

      Charts of the Day



      Technician’s Corner

      * EURUSD has continued its rise after the positive Brexit news, trading around the 1.1256 Resistance level, far from both the next 1.1224 Support and 1.13 Resistance.

      * GBPUSD gained on the positive Brexit developments, breaking through the 1.32 Resistance but the MACD suggests that this may be running out of steam.

      * XAUUSD continues to fluctuate around the 1295 mark, with the MACD and Stochastics indicators pointing to the downside as price it hits its 200HMA.

      * USDJPY continues to move upwards, with immediate Resistance at the 200HMA level at 111.54, while Stochastics and the MACD point downwards.

      Main Macro Events Today

      * Industrial and Manufacturing Production (GBP, GMT 09:30) – Industrial and Manufacturing Production are expected to have remained flat registering 0.0% m/m growth in January, compared to a 0.5% and 0.7% declines in December.

      * Consumer Price Inflation (USD, 12:30) – US CPI is expected to stand at the same level as in January, both for the overall and the core index, at 2.2% and 1.6% respectively.

      * Brexit Vote (EUR, USD, N/A) – The UK Parliament will vote on whether it will accept May’s amended deal, in light of today’s agreement on the backstop.

      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.

      Dr Nektarios Michail
      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.


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      Date : 14th March 2019.

      MACRO EVENTS & NEWS OF 14th March 2019.




      FX News Today

      * The dollar pulled ahead from a nine-day low on Thursday, largely helped by the pound snapping back after a sharp rally made on Brexit relief.

      * MPs surprised the government and voted by 312 to 308 to reject a no-deal Brexit under any circumstances. The vote is not binding – under current law the UK could still leave without a deal on 29 March.

      * Another vote tonight, with British lawmakers widely expected to vote in favour of a Brexit delay.

      * US grounded Boeing’s 737 Max 8 and 9 fleet as announced by the FAA, with Boeing itself recommending that the 737 Max should be taken out of service. More than 370 such planes are operated. Boeing saw its value decline by $26.6 billion this week.

      * Data from China point to the negative as unemployment has risen, industrial production growth has slowed, even though retail sales continue to grow.

      * Gold declined as the Dollar strengthened, still trading about 1300. Oil reaffirmed its gains and traded around $58.

      Charts of the Day



      Technician’s Corner

      * EURUSD has continued its rise after the positive Brexit news, trading around the 1.1256 Resistance level, far from both the next 1.1224 Support and 1.13 Resistance.

      * EURUSD continued its rise after the rejection of the no-deal Brexit. The pair broke through its 200HMA, and the Resistance point at 1.13, but has not managed to stay above the 1.1330 Resistance. Indicators are showing mixed signals.

      * GBPUSD gained after the rejection of the no-deal Brexit, breaking through the 200HMA yesterday, but bouncing off both the 1.3336 Resistance level and the 1.3245 Support.

      * XAUUSD lost as the Dollar gained yesterday, coming down from the 1310 highs and currently trading at 1302. The MACD and Stochastics are issuing negative signals.

      * USDJPY continues its slow upwards movement, breaking through the sideways channel as it is currently trading above its 200HMA level at 111.50, with immediate Resistance at 111.68. MACD and Stochastics are showing signs of saturation.

      Main Macro Events Today

      * Jobless Claims (USD, GMT 12:30) – Continuing and Initial Jobless Claims are expected to have risen last week, by 2K and 20K respectively, reaching 225K and 1.775K.

      * New Home Sales (USD, GMT 14:00) –New Home Sales are expected to have marginally declined in January, to 0.62M from 0.621M in December.

      * Brexit Vote (EUR, GBP, N/A) – The UK Parliament will vote on whether a Brexit delay should be pursued.

      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.

      Dr Nektarios Michail
      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.


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