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#881
HFblogNews

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Date : 15th January 2019.

MACRO EVENTS & NEWS OF 15th January 2019.


2019-01-15_08-29-58-696x159.jpg

FX News Today

  • Risk appetite picked up during the Asian session amid further confirmation from Chinese officials that they will implement measures to boost the flagging economy.
  • Equities recovered as China pledges to support growth.
  • Brexit: The most important day so far, with Parliament set to reject the government’s deal.
  • GBPUSD whipsawed by Brexit vote news; first backed, then undermined.
  • Yen has outperformed as global stocks tumble on big China trade data miss.
  • EURUSD ebbed to 5-day low at 1.1437, before rebounding to 1.1485.
  • Oil prices stabilised and the front end WTI future is trading at USD 51.23 per barrel.

Charts of the Day

2019-01-11_09-17-21.jpg

Main Macro Events Today

  • US PPI and Core – Expectations – December headline PPI is forecast dipping 0.1%, while the core rises 0.1%.
  • ECB President Draghi Speech – Draghi will probably strike a cautious tone and acknowledge that the balance of risks is starting to shift to the downside.
  • Parliament Brexit Vote- Expectations –There seems be neither an agreement on PM May’s deal, nor on any of the feasible alternatives. And reportedly, EU officials who are not keen on a hard Brexit scenario are open to a 3-month extension to the Brexit schedule. See our Brexit Vote summary.

Support and Resistance Levels
2019-01-15_09-36-48.jpg

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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

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


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#882
HFblogNews

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Date : 16th January 2019.

MACRO EVENTS & NEWS OF 16th January 2019.


2019-01-16_09-00-50.jpg

FX News Today

  • Brexit: A crushing defeat of May’s Brexit deal yesterday, brings new uncertainty about the political future in Europe. The odds for delay and/or new referendum are higher.
  • GBP bounced: Cable has advanced to the 1.2889 level, up from just under 1.2700 ahead of the vote.
  • China injected $51.6 bln via reverse repo operations – The biggest daily net cash injection from China’s central bank on record.
  • Japanese markets underperformed and Nikkei was down -0.55%.
  • Yen weaker amid risk-back-on sentiment
  • Oil prices are also up and the front end WTI future is trading at $52.26 per barrel.
  • German Dec HICP inflation confirmed at 1.7% y/y, leaving 2018 HICP at 1.9%

Charts of the Day

2019-01-16_09-39-48.jpg

Main Macro Events Today

  • BoE’s Governor Carney speech – Draghi will probably strike a cautious tone and acknowledge that the balance of risks is starting to shift to the downside.
  • UK Retail Price Index and Inflation – Expectations –The headline CPI is expected to come in unchanged at 1.8% y/y and December Retail Price Index, which we expect to rise by 0.5% after falling in November.
  • UK PPI and Core – Expectations –December headline PPI is forecast dipping 2.1% y/y, while the core is expected unchanged at 0.2%.
  • PM May’s Leadership Challenge – Conservative Party lawmakers will hold voting to express confidence in the PM May Government.

Support and Resistance Levels

2019-01-16_09-49-58.jpg

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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

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


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#883
HFblogNews

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Date : 17th January 2019.

MACRO EVENTS & NEWS OF 17th January 2019.


2019-01-17_09-26-55.jpg

FX News Today

  • UK PM May survived no-confidence vote by 325 to 306. GBP stalled below $1.29.
  • EU officials have signalled some willingness for further talks and to an extension of the Brexit deadline.
  • Stock markets have moved down from session highs, as caution still prevails amid the multitude of risks:Earnings season ( even if its good so far) , concerns over US-Sino tensions, slowing world growth, while Brexitdevelopments remain the key focus in Europe.
  • Fed’s Beige Book: expansion still moderate, but all districts reported tight labor.
  • USDJPY scaled to 1-wk high at 109.19; EURUSD has been narrowly orbiting 1.14.
  • WTI future pulled back from a session high of $52.36 and is trading at USD 51.95 per barrel, with record high crude production in the US keeping a lid on prices.

Charts of the Day

2019-01-17_09-28-26.jpg

Main Macro Events Today

  • Eurozone’s Final CPI and Core – Expectations – Overall Eurozone HICP should be stable at 1.6% y/y, unchanged from the preliminary report and down from 1.9% y/y in November.
  • US Philly Fed Manufacturing Index – Expectations – The Philly Fed index is seen rebounding to 10.0 in January, after December’s 3.5 point slide to a 2-year low of 9.4.
  • US Unemployment Claims – Expectations – Initial jobless claims are estimated inching up 1k to 217k in the week ended January

Support and Resistance Levels

2019-01-17_09-29-09.jpg

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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

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


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#884
HFblogNews

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Date : 18th January 2019.

MACRO EVENTS & NEWS OF 18th January 2019.


2019-01-18_09-34-14-696x390.jpg

FX News Today

  • Treasury yields jumped and global stock markets rallied on fresh hopes of progress in US-Sino trade talks.
  • WSJ reported that the US is weighing lifting tariffs to hasten a trade deal and calm markets.
  • Topix and Nikkei are up 0.93% and 1.29% respectively. GER30 and UK100futures also moved higher in tandem with US futures.
  • US Equities also surged on Morgan Stanley earnings miss.
  • USDJPY popped to better than 2-week highs of 109.40. USDCAD fell sharply to 1.3246 from over 1.3300.
  • Swiss Franc down vs most currencies, following dovish remarks by SNB’s Jordan – “too early for a change” as he mentioned.
  • Global trade developments and, in Europe, Brexit developments, remain in focus.

Charts of the Day

2019-01-18_09-35-07.jpg

Main Macro Events Today

  • UK Retail Sales – Expectations – December retail sales are expected to decline by 0.7% (median -0.5%) after rising 1.4% in November.
  • US Industrial Production & Prelim UoM – Expectations – Industrial Production is seen rising another 0.3% in December after a solid 0.6% gain in November. Preliminary January Michigan sentiment should decline to 96.0 after the surprise increase to 98.3 in December.
  • Canadian CPI and core – Expectations – A 0.3% m/m drop in CPI during December is anticipated, after the 0.4% plunge in November, with weaker gasoline prices again projected to fuel the decline. The core CPI measures all ran at 1.9% y/y in November, while inflation should either hold at those rates or tick lower.
  • Fedspeak: NY Fed’s Williams (permanent voter) gives his views on policy and the economy. Philly Fed’s Harker (nonvoter) speaks at a symposium on prosperity.

Support and Resistance Levels

2019-01-18_09-35-35.jpg

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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

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


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