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#201 05-11-2019 12:13:31

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Re: hotforex.com - Market analysis and news.

Date : 05th November 2019.

FX Action | 05th November 2019.


https://bit.ly/2JS6iPW

EUR: Limited rally?

Asset:EURUSD 1.1129
Weekly bias: Bearish
Week’s Range: 1.1097 – 1.1200

* A no-deal Brexit avoided theme has given both the Euro and Pound a lift lately, though the possibility for a no-deal further down the track remains on the cards, while the protracted political uncertainty in the UK is having a deleterious economic on both sides of the Channel. The ECB is also taking a dovish tilt with Christine Lagarde having taken up the reins. On the dollar side of the balance, with regard to EURUSD, markets are anticipating US non-manufacturing survey data for October, due later today, to rebound from the 3-year low seen in September. This would follow the strong US October jobs report (despite the General Motors strike) and the backdrop of the Fed’s three precautionary rate cuts.

* EURUSD printed a 6-day low at 1.1112 in what is now the pair’s fourth day trading on a 1.11 handle. The pair has been losing upside momentum after rallying out of sub-1.0900 levels in early October. The Euro has seen signs of weakness against other currencies, although EURJPY has been buoyed by Yen trade yesterday.Against a sputtering Eurozone economy and a dovish ECB, the upside potential of EURUSD should be kept in check. In the long-term pair still classified as being amid a down trend that’s been unfolding since early 2018, from levels around 1.2500. The trend has coincided with the 10-year Bund yield dropping from levels over 0.70% to the prevailing -0.325 % yield (a -0.739% low was seen in early September).

https://bit.ly/2PPm2XY

JPY: Looking northwards despite risk-on mode
Asset: USDJPY 108.80
Weekly bias: Bullish
Week’s Range: 107.76 – 109.27

* The Yen continued on a softening tack into the EUropean session amid a backdrop of continued risk-on positioning in global markets, which have seen sovereign bonds come under pressure and stock markets rally. Maintaining investor spirits were the PBoC cutting its 1-year medium-term lending facility (MLF) rate by 5 bps for the first time since early 2016, and an FT report that the Trump administration was considering removing some tariffs on Chinese goods, which is something that Reuters sources have been saying Beijing has been pushing for.

* USDJPY rose to a 5-day high at 108.88. EURJPY and AUDJPY also made respective 5-day peaks, at 121.12 and 75.18, and other Yen crosses gained. AUDJPY lifted by over 0.5%, drawing back in on the 3-month high seen last week at 75.29. Positive sentiment for USDJPY holds in the medium picture, as the asset holds above 20- and 50-Day SMA, with momentum indicators positively configured. Hence the intraday decline remains a temporary correction on the 3-day rally.

https://bit.ly/2JTh88p

GBP: Struggling to hold above 1.2900
Asset: GBPUSD 1.2904
Weekly bias: Neutral
Week’s Range: 1.2800-1.2980   

* A no-deal Brexit avoided theme has given Pound a lift lately, though the possibility for a no-deal further down the track remains on the cards, while the protracted political uncertainty in the UK is having a deleterious economic on both sides of the Channel.

* The Pound stuck at 1.2900 (mid 3-week range) after making up the fourth week out of the last five where a higher high has been set. From month-ago levels, the Pound is the strongest performer out of the main currencies, up 5% against the Dollar and by over 6% versus the Euro, reflecting an unwinding in the pound’s Brexit discount, with a Halloween no-deal Brexit scenario having been avoided.

https://bit.ly/2Ccetm0

CAD: Remains heavy
Spot: USDCAD 1.3124
Weekly bias: Bearish
Week’s Range: 1.3075 – 1.3200       

* USDCAD has remained heavy, today matching the 6-day low that was seen yesterday at 1.3130, with the Canadian dollar being floated by a backdrop of coursing risk appetite in global markets, similar to the other Dollar bloc currencies, which has offset the jump in US yields following the strong US jobs data on Friday.

* Taking a step back, USDCAD is near to the midpoint of the range that’s been seen over the last 4-plus years.

https://bit.ly/33plmws

AUD: Remains on bid
Asset: AUDUSD 0.6917
Weekly bias: Neutral to Bullish
Week’s Range: 0.6770- 0.6945

* AUDJPY is the biggest gainer on the day so far, showing a rise of 0.9% at prevailing levels. The cross has printed a three-week high at 75.40. AUDUSD has concurrently rallied by over 0.6%, coming within of the three-week peak that was seen last week, at 0.6929.

*The Aussie Dollar is also showing outperformance form month-ago levels, with only sterling having been stronger out of the main currencies over this period. The currency has a relatively high beta characteristic, and is widely seen as a liquid currency proxy of China, which accounts for over a third of the total demand for Australian commodity exports, and has therefore acted in a true to form manner amid the recent upward scaling in global stock markets. The main three US indices hit new record peaks yesterday, while Asian and European markets have rallied to fresh major-trend highs today.


https://bit.ly/2NFzRWg


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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#202 06-11-2019 10:04:03

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Re: hotforex.com - Market analysis and news.

Date : 6th November 2019.

USD still in the driving seat 6th November 2019.


https://bit.ly/2qsVZuK

USDJPY, H1

The Dollar has been consolidating gains seen yesterday, which had been driven by more strong October data (non-manufacturing ISM, which backed up last week’s surprisingly solid employment report) and hopes a partial trade deal with China will be struck. The risk-on vibe that was coursing through global markets in the wake of last Friday’s US payrolls data has come off the boil, with the valuations of many major equity indices looking rich amid a degree of circumspection creeping in with regard to whether the 13th round of trade talks between the US and China will produce a deal. The key USA500 actually closed in negative territory yesterday although it is currently trading up and testing the daily pivot point at 3078.

https://bit.ly/2qri6lo

Against this backdrop, the narrow trade-weighted USDIndex (DXY) has ebbed back by a fractional 0.1% after rallying by about 1% over the previous two days. EURUSD has settled just above the three-week low seen yesterday at 1.1063. Cable has lodged in the upper 1.2800s after failing to sustain gains above 1.2900. USDJPY is also softer, aided by a degree of Yen outperformance, which has seen EURJPY, AUDJPY and other yen crosses ebb back somewhat. USDJPY fell back below 109.0 after posting a one-week high yesterday at 109.25. The Australian Dollar and other dollar bloc currencies have also traded at softer levels after outperforming in recent sessions.

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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.


Stuart Cowell
Head Market Analyst

HotForex

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

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#203 07-11-2019 09:48:50

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Re: hotforex.com - Market analysis and news.

Date : 7th November 2019.

BoE seen on hold – Not interfering with politics 7th November 2019.


https://bit.ly/2JYQATh

The BoE’s Monetary Policy Committee announces the outcome of this week’s meeting today. The strong consensus is for no change, which would leave the repo rate at 0.75% and QE totals unchanged, though there is a chance that we’ll see dovish dissent amid the ranks of the nine-member committee, with members Saunders and Vlieghe having recently voiced concern about the damage that Brexit uncertainty is doing.

Most members look be preferring to remain on hold into the December general election. Both of the principal parties in the UK, the Conservatives and Labour, are pledging fiscal spending if they are elected, which won’t have gone unnoticed at the MPC.

The BoE will also release its quarterly Inflation Report, which isn’t expected to show much change to existing projections, although it is clear that the prolonged uncertainty is increasingly damaging the outlook and has already led to a sharp decline in investment. London markets are pricing in about 45% odds for a 25 bps rate cut by next May, and an 85% chance for such a move by the end of 2020.

Meanwhile….UK’s December Election on December 12!

The divided parliament finally threw in the towel and the UK is now heading for a general election on December 12 to try and break the deadlock on the Brexit front. It is a risky move for Johnson, who so far has been rejecting the advances of the Brexit party, which is campaigning for a no-deal scenario and if Johnson continues to hold out there is the risk that not just the anti-Brexit, but also the pro-Brexit vote will be split.

That means another split parliament cannot be ruled out and if the Brexit party were to gain a sizeable number of seats it would increase the pressure on Johnson to go ahead with a no-deal scenario.

In any case, Johnson has pledged to stick to the current time table for the transition period, which will give him just a year to get a trade deal with the EU wrapped up. Even if Johnson’s ambitions on that front are not as high as May’s this seems an impossibly short time to get a meaningful arrangement wrapped up. In any case, Johnson’s deal looks set to involve nothing like the “friction less” trade that U.K. manufacturers will be looking for and border checks will likely still disrupt supply chains across Europe.

And GBP Waiting for Brexit resolution

From month-ago levels, the Pound is the strongest performer out of the main currencies, up 5% against the Dollar and by over 6% versus the Euro. The gains reflect an unwinding in the Pound’s Brexit discount, with a Halloween no-deal Brexit scenario having been avoided.

The broad trade-weighted measure of the Pound is expected to retain at about a 8-9% discount relative to levels prevailing ahead of the July 2015 Brexit vote, which has been pared back from lows of 15%-plus. As the UK now finds itself with Brexit delayed for a second time and once again in a quagmire of political uncertainty, no significant unwinding is anticipating for Sterling’s Brexit discount as all options remain open with regard to how Brexit is resolved — ranging from no deal to Brexit cancelled, depending on the results of the December-12 general election and any referendum after the election.

https://bit.ly/2qusitz

Against this backdrop, the narrow trade-weighted USDIndex (DXY) has ebbed back by a fractional 0.1% after rallying by about 1% over the previous two days. EURUSD has settled just above the three-week low seen yesterday at 1.1063. Cable has lodged in the upper 1.2800s after failing to sustain gains above 1.2900. USDJPY is also softer, aided by a degree of Yen outperformance, which has seen EURJPY, AUDJPY and other yen crosses ebb back somewhat. USDJPY fell back below 109.0 after posting a one-week high yesterday at 109.25. The Australian Dollar and other dollar bloc currencies have also traded at softer levels after outperforming in recent sessions.

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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#204 08-11-2019 11:19:46

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Re: hotforex.com - Market analysis and news.

Date : 08th November 2019.

FX Action | 08th November 2019.


https://bit.ly/34GoCUb

EUR: Retests 50-day SMA

Asset:EURUSD 1.1048
Daily bias: Ranging intraday sentiment   
Week’s Range: 1.1026 – 1.1058

* EURUSD has been playing a narrow range near 1.1050, above the 23-month low seen yesterday at 1.1036. The pair is showing a net loss of just over 1% from week-ago levels, coming after the surprisingly strong US jobs report of last Friday, and followed-up this week by decent non-manufacturing ISM and initial jobless claims data.A sputtering Eurozone economy has been put into relatively sharp contrast by data showing the U.S. economy to be in finer fettle than many were fearing, while the CME’s FedWatch Tool is showing market pricing to have factored in decreasing probability for a rate cut at the December FOMC, with only 5% down from 22% last week (before the October payrolls release).

* Overall, EURUSD holds in a bearish outlook. EURUSD has been amid a bear trend that’s been unfolding since early 2018, from levels around 1.2500 and it is just abreath away from breaking the 50-day SMA. A close today below the latter could seen the retest of 1.1000 and 1.0970 levels.

* The trend has coincided with the 10-year T-note versus 10-year Bund yield differential having narrowed from 278 bps to the current 216 bps.


https://bit.ly/2Q1cwAP

JPY: AUDJPY reverses gains
Asset: USDJPY 75.36
Daily bias: Bearish
Week’s Range: 74.73-75.80

* Narrow ranges have been seen so far today among the main currencies, which comes with a degree of uncertainty creeping back in with regard to the prospects of a “phase 1” trade deal being reached between the US and China. There are reports of fierce internal opposition among members of the Trump administration, while there is conjecture that President Trump will be emboldened by recent relatively strong U.S. data releases and the record highs on Wall Street and will be apt to take a tough stance against Beijing. This has seen Asian stock markets turn softer.

* USDJPY, after scaling to a 5-month high at 109.48, has settled around 109.20-30, while has currently return northwards again. AUDJPY, which has been an outperformer amid the recent risk-on phase (showing a 7.4% gain at prevailing levels from late-August lows), has also settled lower after printing a 3-month peak yesterday. It is currently retest the midpoint of yesterday’s rally. A confirm move below the latter at the top of the ahour, along with the RSI below 50 suggest the increase of negative bias and therefore a possible retest of 74.90-74.98 ( 61.8% Fib and 200-period SMA) or even lower at the S1 of the day, i.e. 74.73. The strengthening of negative bias is also presented by the lower Bollinger bands which are extending southwards.

https://bit.ly/2NSMYDp

CAD: Remains buoyant
Spot: USDCAD 1.3171
Weekly bias: Bearish
Week’s Range: 1.3118 – 1.3230   

USDCAD has remained buoyant after posting a 9-day high yesterday at 1.3197. The high has come with the US 10-year over Canadian 10-year yield spread having been trending wider, overall, over the last three weeks, rising from about 19 bp to 29 bp, which has offset a moderate rise in oil prices over this period (oil prices have been trending sideways, within about a $13 range, over the last five months).

USDCAD USDCAD earlier in the week printed a 1-week low at 1.3015 before rebounding. Taking a couple of steps back, USDCAD is near to the midpoint of the range that’s been seen over the last 4-plus years, and there presently doesn’t look to be much potential for this pattern to break. The focus today falls on Canada’s October employment report. From the technical perspective, the asset has broke a significant Resistance level at 1.3195, which represents the 50-day EMA and the 6 day’s high. This along with the positive configuration of RSI suggest that we could seen further upside for the day. ENxt Resistance levels are at 1.3213 and 1.3230 (200-day EMA). Support is at the PP and the low of the day , i.e 1.3170-1.3176.

https://bit.ly/2WTQlhD

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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#205 11-11-2019 08:48:24

HFblogNews
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Posts: 1179
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Re: hotforex.com - Market analysis and news.

Date : 11th November 2019.

Events to Look Out For Next Week 11th November 2019.


https://bit.ly/2CzbG6F

* Important events are coming up this week, with UK, China and US inflation and GDP releases.

Monday – 11 November 2019

* Gross Domestic Product (GBP, GMT 09:30) – UK growth has “slowed materially” this year due to Brexit uncertainty and global trade wars. September forecasts see GDP growth steady, while the preliminary outcome for Q3 is anticipated to slow down.

Tuesday – 12 November 2019

* ILO & Average Earnings Index 3m/y (GBP, GMT 09:30) – UK Earnings with the bonus-excluded figure are seen unchanged at 3.8% y/y in the three months to September. UK ILO unemployment is expected steady at 3.9%.

* ZEW Economic Sentiment (EUR, GMT 10:00) – Economic Sentiment for November is projected at -22.7 from the -22.8 seen last month, as the current conditions indicator for Germany turned negative. The overall Eurozone reading though is expected to decline slightly further to -32.5 from -23.5. A lower than expected outcome ties in with the stagnation in market sentiment.

Wednesday – 13 November 2019

* Interest Rate Decision, Monetary Policy Statement and Press Conference (NZD, GMT 01:00) – The RBNZ is widely expected to proceed with a 25 bp cut to 0.75% as it continues to ease policy amid the slowing in growth. However, it will be interesting to see whether RBNZ will signal further easing in contrast with the latest encouraging economic data.

* Consumer Price Index (GBP, GMT 09:30) – The UK CPI is expected to rebound to a 1.8% y/y rate in October after dipping to 1.7% in September and August from 2.1% in July.

* Consumer Price Index (USD, GMT 13:30) – A 0.3% October headline CPI rise is anticipated with a 0.2% core price increase, following respective September readings of flat and 0.1%. As-expected gains would result in a headline y/y increase of 1.7% for a third consecutive month, just as core prices rise 2.4% y/y for a third consecutive month. An up-tilt in y/y gains into Q1 of 2020 is expected due to harder comparisons and some lift from tariff increases that should leave gains in the 2.4% area, which may help ease concerns about persistent inflation undershoots of the Fed’s 2% objective.

* Powell’s 2-day Testimony (USD, GMT 16:00) – Federal Reserve Chair Jerome Powell testifies before Congress, providing a broad overview of the economy and monetary policy.

Thursday- 14 November 2019

* Employment Data (AUD, GMT 00:30) – While the unemployment rate is expected to have increase at 5.3% in October, employment change is expected to have stabilized, at 15K compared to 14.7K last month.

* Retail Sales ex Fuel (GBP, GMT 09:30) – UK Retail Sales are expected to have dipped with a -0.9% ex-auto figure on a m/m basis.

* Gross Domestic Product (EUR, GMT 13:30) – Eurozone  Q3 GDP growth held steady at 0.2% q/q – a better than expected report that highlighted once again that it is a mistake to reduce the Eurozone economy to the German manufacturing sector alone. The same outcome is expected on Thursday as well, at 0.2% q/q for Eurozone preliminary reading.

Friday – 15 November 2019

* Retail Sales (USD, GMT 14:30) – A 0.4% October gains for both the retail sales headline and the ex-auto figures have been estimated, following a -0.3% September headline dip with a -0.1% ex-auto figure. Gasoline prices should give a boost to retail activity given an estimated 4% increase for the CPI gasoline index. Unit vehicle sales should ease in October with a dip to an estimated 17.0 mln pace from 17.2 mln in September. Real consumer spending is expected to grow at a 2.6% rate in Q4, following the 2.9% Q3 clip.

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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#206 13-11-2019 11:46:14

HFblogNews
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Registered: 26-06-2014
Posts: 1179
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Re: hotforex.com - Market analysis and news.

Date : 13th November 2019.

Trading The Kathy Lien “Waiting For The Deal” & “Fader” Strategies | 12 November 2019 13th November 2019.


https://bit.ly/2KiVkDp

Two intraday techniques that aim to identify opportunities for traders to capture the initial directional intraday real move of the market. According to Kathy Lien, with these strategies you are looking to wait for the noise in the markets to settle down and to trade the real market price action afterward.

In this webinar, you will learn about:
• Timing
• Trading Price Action
• Fading the Move


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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#207 14-11-2019 10:16:39

HFblogNews
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Registered: 26-06-2014
Posts: 1179
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Re: hotforex.com - Market analysis and news.

Date : 14th November 2019.

USD holds firm; JPY up; AUD & CAD down 14th November 2019.


https://bit.ly/32KFGXK

Both the Dollar and Yen have continued to hold firm against most other currencies amid a backdrop of sputtering global stock markets.

AUD: The Australian Dollar dove following the release of Australia’s October employment report, which showed the unemployment rate ticking higher, to 5.3% from 5.2%. China’s industrial production growth also slowed sharply in October, to 4.7% y/y verses the median forecast for 5.4% growth, with investment growth falling to a record low. Chinese sales also underwhelmed, while preliminary Japanese Q3 GDP disappointed with growth of just 0.1% q/q, with a 0.7% q/q drop in exports shining a light on the impact of trade protectionism.

The Australian dollar dove by over 0.5%, driving AUDUSD to a one-month low at 0.6795, and the AUDNZD cross to a 10-week low, at 1.0625, which coincides with the 20-week SMA. The cross has declined by nearly 2% since the RBNZ unexpectedly refrained from cutting interest rates yesterday. A cross today below the 1.0625 could suggest further fall for the medium term, with next Support at the confluence of 50% Fib. and the 200-day SMA, at 1.0560.

https://bit.ly/2OgeXwW

EUR: On a brighter note, German Q3 GDP came in at 0.1% versus the 0.0% median forecast, though Q2 growth was revised lower. The data still helped the Euro lift moderately. EURUSD climbed back above 1.1000 after earlier carving out a fresh one-month low at 1.0994.

https://bit.ly/2phbQwl

YEN: The Yen remained underpinned by safe-haven positioning, albeit moderate. USDJPY printed a nine-day low at 108.62, while both EURJPY and AUDJPY hit new 1-month lows, with both now amid a fifth consecutive day of decline.

CAD: USDCAD is amid a third consecutive week of ascent, and has remained buoyant after printing a 5-month peak at 1.3268 yesterday. The high extended the pronounced gains the pairing has seen since the release of Canada’s October employment report last Friday, which disappointed and caused a reappraisal in BoC monetary policy expectations. At the same time, USOIL prices have turned flat-to-softer following a 1-month up phase, removing what had been a supportive rug from under the Canadian Dollar’s feet. For now, USDCAD looks likely to remain upwardly biased, with the next Resistance at September’s peak, 1.3310, and at October’s 2 consecutive fractals at 1.3345.  Support levels are set at 200-day SMA and 50-day SMA.

https://bit.ly/33MPTV0

EURCAD: The EURCAD on the other hand, presents a continues slip pf Euro against Loonie. Intraday, the asset forms a triangle since October 25. The support around 1.4554 and 1.4520 is a key gauge that if gives way would open the lows around 1.4420-1.4450. The RSI moving around 50 and MACD lines at neutral suggesting consolidation in the short term. In the medium term meanwhile, the overall outlook remains neutral to positive, while if market holds above 1.4570-1.4580, it would be a confirmation that positive bias is strengthening, with the next daily Resistance area, 1.4670-1.4700.

https://bit.ly/2rBBkFs

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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#208 18-11-2019 09:24:58

HFblogNews
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Registered: 26-06-2014
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Re: hotforex.com - Market analysis and news.

Date : 18th November 2019.

Events to Look Out For Next Week 18th November 2019.


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* Welcome to our weekly agenda, our briefing on all the key financial events globally. The week ahead is expected to reveal a healthy housing sector in the US, while Canadian data could clear the way for BoC. Eurozone’s PMI are also on tab.

Monday – 18 November 2019

* ECB Financial Stability Review (EUR, GMT 09:00) – The Financial Stability Review provides an overview of potential risks to financial stability in the Euro Area.

Tuesday – 19 November 2019

* Monetary Policy Meeting Minutes (AUD, GMT 00:30) – The RBA minutes, similar to the ECB Reports, provide a detailed assessment of the bank’s most recent policy-setting meeting, containing in-depth insights into the economic conditions that influenced the rate decision. They are usually a cause for FX turbulence.

* Housing starts and Building Permits (USD, GMT 13:30) – The September decline in starts reflected weakness in multi-family components, mainly led in the Northeast and Midwest, alongside small declines in the south and west. Permits have shown a solid growth path through Q3 alongside strength in starts, suggesting a likely solid path for both measures through Q4. Housing starts should rebound to a 1.285 mln pace in October, after the dip in September. Permits similarly are expected to rebound to 1.370 mln in October.

Wednesday – 20 November 2019

* Interest Rate Decision (CNY, GMT 01:30) – The PBoC is not expected to change its interest rates, at 4.2%.

* Inflation Report Hearings (GBP, GMT N/A) –The BOE Governor and several MPC members testify on inflation and the economic outlook before the Parliament’s Treasury Committee.

* Consumer Price Index and Core (CAD, GMT 13:30) – The Canadian CPI for October is expected to have come out higher than last month, at 2.1% from 1.9% in September, after the 0.1% dip in August, as declines in gasoline prices and tuition costs weighed. The CPI added to the backing for no change in rates from the BoC in October.

* Monetary Policy Meeting Minutes (USD, GMT 19:00) – The FOMC Minutes report provides the FOMC Members’ opinions regarding the US economic outlook and any views regarding future rate changes.

Thursday- 21 November 2019

* ECB Monetary Policy Meeting Accounts (EUR, GMT 1:30) –The ECB Monetary Policy Meeting Accounts, similar to the FOMC minutes, provide information with regards to the policymakers’ rationale behind their decisions. In the last ECB meeting, ECB kept policy settings on hold at Draghi’s last meeting, as widely expected after the comprehensive easing package announced in September.

* Philly Fed Index (USD, GMT 13:30) – The Philly Fed index is seen rising to 7.0 from 5.6 in October, versus a 1-year high of 21.8 in July and a 33-month low of -4.1 in February. The “soft data” measures have largely stabilized since June around moderate levels, though with a headline from the UAW-GM strike in recent months that seemed to have impacted some surveys but not others. The trade war headwind may subside somewhat in November, though the markets still face a wide array of troubles abroad.

Friday – 22 November 2019

* Gross Domestic Product (EUR, GMT 07:00) – German Q3 GDP expanded 0.1% q/q – boosted by consumption. Germany not just missed a technical recession, the economy actually expanded slightly in the third quarter, as Q2 was revised down. However, we expect no turnaround yet for the final Q3 GDP, despite the higher headline rate, as the balance of risks remains tilted to the downside.

* Markit Services and Composite PMIs (EUR, GMT 08:30-09:00) – The prelim. EU Markit PMI Indices are expected to continue above 50, but slightly decline to 51.9 and 50.3 respectively, according to consensus expectations. As for Manufacturing PMI, in November a slight improvement is expected at 46.0, even though the  headline rate remains in contraction territory.

* Retail Sales (CAD, GMT 13:30) – Retail Sales are forecasted to have registered a flat outcome in Canada, after mild declines of 0.1% in August.

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.

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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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#209 Yesterday 10:01:57

HFblogNews
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Re: hotforex.com - Market analysis and news.

Date : 20th November 2019.

FX Update – 20th November 2019.


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EURUSD, H1

The Dollar and Yen have firmed up amid a risk-off turn in global markets as tensions between the US and China bubble up. The US Senate yesterday passed a bill in support of Hong Kong’s pro-democracy protesters, to which Beijing responded sharply, accusing Washington of being ignorant of “facts and truths” while threatening retaliation for interfering with what it sees as its internal affairs. This comes with little sign of the long since tabled, and unambitious, “Phase 1” partial trade deal coming to fruition. Sources cited by Reuters report that US President Trump is wanting deeper concessions from China in return for making a full roll back of tariffs and cancelling additional tariffs scheduled to take effect on 15 December.

https://bit.ly/2qwbgLJ

Against this backdrop, the Yen has seen its risk premium rise, albeit moderately so. USDJPY ebbed to a six-day low at 108.35, with the Japanese currency outperforming an otherwise firm Dollar. EURJPY posted a six-day low, and other Yen crosses also declined. The narrow trade-weighted USD Index printed a two-day high at 97.93, putting in some distance from the 15-day low seen on Monday at 97.68. EURUSD concurrently saw a two-day low at 1.1055, and Cable a three-day low at 1.2888, with last night’s General Election debate seen as a “draw” but with the Conservatives coming under criticism for misleading the public after it rebranded one of its Twitter accounts to “factcheckUK”.

https://bit.ly/37pjcPu

Sharp declines in oil prices, where concerns of a supply glut have run into concerns about the US-China situation, have driven underperformance in the Canadian Dollar, lifting USDCAD to a near six-week high at 1.3296. The pair is up nearly 1% from yesterday’s lows. USOil futures have dropped by 4% over the last two days, yesterday posting the biggest one-day tumble in seven weeks and testing $55.00. The Australian and New Zealand Dollars are also lower, though by a lesser extent, and most developing-nation currencies are softer.

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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.


Stuart Cowell
Head Market Analyst

HotForex

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

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#210 Today 09:13:41

HFblogNews
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Registered: 26-06-2014
Posts: 1179
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Re: hotforex.com - Market analysis and news.

Date : 21st November 2019.

Equities continue lower ahead of ECB – 21st November 2019.


https://bit.ly/337DiKI

Equities continue lower ahead of ECB – Stock markets head south on trade deal doubts, while a risk-off, or at least a risk-wary sentiment looks likely to prevail, which could keep safe-haven currencies, primarily the JPY and USD, underpinned, The high beta currencies such as the Dollar bloc and many developing-world currencies are under pressure.

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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