Macro Events & News for 12.09.2016

2016-12-09_08-47-10

FOREX News Today

European Outlook: The global stock market rally, which was underpinned by further ECB stimulus measures yesterday and a rise in oil prices, continued in Asia overnight, with most markets moving higher. The Nikkei 225 briefly broke 19,000, closing a strong week and up again on the day 1.23% at 18,996. The Hang Seng dipped as Macau Casino shares came under pressure, but FTSE 100 futures are also up as are U.S. stock futures. The Dow30 and S&P500 again closed at record highs last night. The front end WTI futures contract is trading above USD 51 per barrel, with Gold under $1170 again. European yields spiked with stock markets yesterday as the ECB settled for “less for longer” although the 10-year Bund contract was up from session lows at the close and extended gains slightly in after hour trade. Eurozone spreads widened but peripheral stock markets outperformed, so somewhat of a split reaction to the central bank’s easing package, but things should continue to settle down today. ECB officials are out en masse explaining and defending the central banks steps and the calendar has German trade data at the start of the session, as well as French production numbers and Norwegian inflation data.

China CPI & PP: CPI higher at 2.3% expectations was for 2.2% from 2.1% last time. PPI was a big beat coming in at 3.3% up from 1.2% last time and well over expectations which were 2.3%.  The PPI is at it highest level in 5 years and reflects the increase in both demand in the economy and recent rises in commodity prices. AUDUSD popped on the news to 0.7475 before drifting lower to 0.7465.  

German trade surplus narrows as imports surge: Germany posted a trade surplus of EUR 20.5 bln in October, down from EUR 21.1 bln in the previous month, as exports rebounded slightly over the month, but were overshadowed by a 1.3% m/m jump in imports. The three month trend rate improved though, so some indication that net exports, which detracted from growth in Q3 will help to underpin overall growth again in the last quarter of the year. Unadjusted data show a current account surplus of EUR 18.4 bln, down from EUR 21.7 bln in October last year, although accumulated data for the first ten months of 2016 still show a surplus of EUR 216.5 bln, up from EUR 202.1 bln in the corresponding period last year, so pressure on Germany to reduce its current account surplus remains in place.

ECB Statement: Draghi left rates unchanged, as widely expected and the extended QE program settled on a compromise of less for longer, with monthly purchases scaled back, but the overall time frame of the program extended by 9 months rather than the expected 6, which means the total of asset purchases on the cards is higher than markets had been expecting. Indeed, Draghi’s main message  was that the ECB will remain active in markets for the foreseeable future and can still step up its support again if and when market and economic conditions warrant such a move. In the press conference he was very adamant that it was NOT tapering. The ECB announced a further extension of the QE program today and while monthly purchase volumes were cut to EUR 60 bln from EUR 80 bln, the length of the program extension is 9 months rather, which means the total program amounts to asset purchases of EUR 540 bln. This is more than the EUR 480 bln a 6 months extension at EUR 80 bln per months would have amounted to and the ECB actually left the door to a further increase of monthly purchases volumes and the overall program length open, depending on actual developments.

Main Macro Events Today                

  • U.S. Michigan Consumer Sentiment The first release on Michigan Consumer Sentiment is out later and should post an increase to 94.5 for the month after rising to 93.8 in November from 87.2 in October. The already released IBD/TIPP Poll for the month revealed an increase to 54.8 from 51.4 and expectations are for the Bloomberg Consumer Comfort measure to remain steady with a 45.1 average in December.
  • US Wholesale Trade October wholesale trade data is also out today and should reveal a 0.6% sales headline with inventories down 0.4% for the month as indicated by the advance October figures. Data in line with our forecasts would leave the I/S ratio at 1.31 from 1.32 in September.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

Macro Events & News for 12.08.2016

2016-12-08_08-57-22

FOREX News Today

European Outlook: The global stock rally continued in Asia overnight, with broad gains following on from rallies on Wall Street and in Europe on Thursday. The Nikkei 225 closed up 1.45% at 18, 765. FTSE 100 and U.S. stock futures are also moving up, but oil prices dipped and the front end WTI future is trading below USD 50 per barrel. Hopes that the ECB will extend its asset purchase program at current levels have been underpinning markets and some seem to hope also for an abolition of the deposit rate floor for purchases or even a foray into stocks to ensure sufficient supply. But while improved economic fundamentals may not prompt the ECB to withdraw from markets at a time when political uncertainty remains high and high debt countries remain reliant on the ECB to keep yields down, the risk is that an ECB compromise proposal could spark disappointment and a correction of inflated markets. The calendar also has French non-farm payrolls as well as Bank of France business sentiment.

Bank of Canada Policy: Steady for an Extended Period; The Bank of Canada delivered the expected lack of change in the policy rate alongside acknowledgement of recent positive developments domestically and internationally. Yet a still cautious tone on the growth and inflation outlook remained, which kept a wait-and-see approach to policy firmly in place. The outlook remains for no change in the currently accommodative policy setting for an extended period of time.

A light has been shone on sterling’s flash crash of October 7 by an FT report citing unnamed officials with knowledge of the BoE’s Prudential Regulation Authority investigation into the incident, in addition to market traders. To recall, the pound dove from 1.2600 to 1.1400 in the space of 40 seconds in the early hours of Asian trading of Friday, October 7. The suggested catalyst seemed pretty innocuous by the standards of post-Brexit discourse, being remarks from France PM Hollande saying that “it is not possible … to leave the EU and get the advantages without the obligations.” The FT’s sources pinpoint the source of the flash crash, which occurred after an initial flurry of selling, to a trader at Citigroup, who placed a large number of rapid-fire sell orders placed in Tokyo using an electronic tool known as “Aggregator.” The sell orders met with zero buying interest due to “extremely illiquid” market conditions and a prevailing extreme bearishness about the pound in the wake of the Brexit vote. Safety nets to prevent a “looping” of sell orders didn’t kick in, apparently. The FT’s BoE source said that human error and the use of a “poorly calibrated execution algorithm” were among the possible reasons for the sell-off.

Yesterday’s US Data Reports: U.S. JOLTS report showed job openings fell 97k to 5,534k in October after climbing 178k to 5,631k in September (revised higher from 5,486k). The job openings rate also rose to 3.7% from 3.6% (revised down from 3.7%). Hirings slid 22k to 5,099k following a 147k drop to 5,121k previously (revised from 5,081k). That resulted in a steady 3.5% hiring rate. Quitters declined 66k to 2,986kk after September’s 43k increase to 3,052k (revised from 3,070k). The rate was unchanged at 2.1%. This report on October jobs won’t impact the FOMC or the markets.

Main Macro Events Today                

  • ECB Outlook – That the ECB will announce an extension of its asset purchase program is pretty clear, but the question for today is whether monthly purchase volumes will be tapered and what additional steps the ECB will take to ensure a sufficient amount of supply. While there will be updated staff projections, this is ultimately a decision that will be based not so much on economic data, but on the question whether Eurozone peripheral markets can withstand a withdrawal of support and changing the EUR 80 bln into an upper limit rather than a monthly target may be a compromise in times of heightened uncertainty, with a 6 months program extension and a change of the EUR 80 bln monthly purchases from a “target” to an “upper limit”.
  •  US Initial Job Claims – Initial claims data for the week of December 3 is out later and expectations are for the headline to fall to 255k from 268k last week and 251k in the week before that. Claims have been striking a remarkably tight path of late and look poised to average 251k in November, down from 258k in October.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

Macro Events & News for 12.07.2016

2016-12-07_09-12-15

FOREX News Today

European Outlook: Asian stock markets moved broadly higher overnight, following on from gains on Wall Street and in Europe yesterday. U.S. and U.K. stock futures are also posting gains. A weaker Yen and stimulus hopes ahead of tomorrow’s ECB meeting are underpinning markets and gains in banks, exporters and telecoms helps to compensate for the lack of impulses from energy produces as oil prices dip. The front end WTI future is trading at USD 50.76 per barrel amid doubts over compliance with the OPEC deal on production cuts. Gold also closed below USD 1170.00   The European calendar has production data out of the U.K. and even if the German number is likely to surprise on the upside after much stronger than expected orders data yesterday, it is unlikely to derail hopes of a QE extension from Draghi tomorrow.

German production data came in weaker than expected, with a modest 0.3% m/m rebound from the drop in September that was revised up to -1.6% m/m from -1.8% m/m reported initially. After the stronger than expected orders number yesterday it looked like production would also surprise on the upside, but a contraction in energy and intermediate goods production held back the overall number. Still, the three months trend rate jumped sharply and together with the strong manufacturing orders data yesterday and robust survey data the numbers still back expectations for an acceleration in overall growth in the last quarter of the year.

Australian GDP: Australia’s economy contracted by 0.5% in the September quarter, ending five years of uninterrupted growth. The slowdown is mainly attributed to cutbacks in spending by businesses, consumers and the government. This is the first shrinkage in the economy since early 2011. Interestingly the previous quarter was revised upwards to 0.65 from 0.5% and some analysts are optimistic that this may be an outlier in data terms and that growth will pick up in subsequent quarters. The mining boom and high demand for Australia’s commodities have kept the economy recession-free for the past 25 years. The Australian dollar fell by half a US cent after the data, to$0.7420.

Masayoshi Son of Softbank agreed to a $50 bln investment in the U.S. businesses: To create 50k in new jobs, according to DJ Trump Tweets and now confirmed by Son on CNBC. Trump said that Son said he would never have done this had Trump not won the election. Trump is continuing his run as CEO of the United States well before his inauguration as president. Look for activity in telecom shares (particularly Sprint, T- Mobile (merger?)  AT&T and Verizon) based upon this revelation. U.S. equities firmed to close at record highs and Softbank shares closed up 6% in Tokyo trading.

Yesterday’s US Data Reports: Revealed slight undershoots for October factory goods and trade, along with an unrevised Q3 productivity figure that undershot expectations of a small boost thanks to a hike in the Q3 hours-worked figure that offset the output hike implied by the last GDP report. We did see the big Q2 and Q3 compensation boosts implied by the last set of income data, and the  figures remain consistent with an assumed 1.8% growth rate for Q4 GDP after a Q3 growth boost to 3.3% from 3.2%, though with some downside risk given the surprisingly slow rate of recovery for inventories as we enter Q4 alongside October export weakness.

Main Macro Events Today                

  • BOC Outlook –  Downside risks may feature in the announcement later, as export volumes tumbled 0.9% in October after the 1.7% plunge in September. The growth trajectory has progressed roughly as expected since October, with the 3.5% rebound in Q3 GDP and strong hand-off to Q4 GDP tilting the outlook for 2016 and 2017 slightly higher. But the lack of growth in exports is a persistent source of uncertainty going forward, and the recent appreciation in the loonie adds to the uncertainty around the trade outlook. Granted, oil prices have driven the improvement in the loonie, and higher oil prices are, of course, good news for Canada. With second half growth on track to run roughly as expected, crude oil back at $50 and the U.S. economy continuing to improve, the December announcement seems unlikely to warrant a repeat of October’s “close call” between a cut and no change. Expectations are for no change in rates well into 2018.     

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

Macro Events & News for 12.06.2016

2016-12-06_08-59-23

FOREX News Today

European Outlook: Asian stock markets managed to move mostly higher, after gains in Europe and on Wall Street yesterday. The Italian MIB closed with slight losses Monday, but it seems investors quickly got over the widely expected rejection of Italy’s constitutional reform and Renzi’s resignation. Italy may once again have to look for a new government, but that is hardly anything new in a country where it is extremely rare for a government to last full term Italy is hardly heading for an exit from the EU, even if EMU membership is under scrutiny in some quarters, but the problems of Italy’s banks will likely come back to the forefront and keep pressure on Italian markets, which actually managed to outperform in the last week ahead of the referendum. Still, U.S. and European stock futures are heading south this morning, and oil prices are down. The European calendar has German factory orders at the start of the session, which are expected to rebound from the contraction in September. There is also the final and detailed reading of Eurozone Q3 GDP and Swiss inflation data. Already released overnight, U.K. BRC like for like retail sales came in weaker than expected.

RBA Rates left unchanged: Cash rates remain on hold at 1.5% as expected. “Rising AUD could complicate economic transition” Steady policy consistent with growth and inflation targets, global economy growing at a slower rate but Chinese economy has “Steadied”.  Large supply of apartments to hit housing market (where prices are rising “briskly”)  in the next few years. Global inflation more balanced than for “some time”. Labour market conditions have improved and commodity prices have risen. However, outlook for inflation remains “low for some time”.  AUD unchanged following announcement and statement.  RBA next meet February 8.

US Reports Yesterday: The U.S. ISM-NMI bounce to a 1-year high of 57.2 from 54.8 in October, but a similar 57.1 in September, left the measure much closer to the 10-year high of 59.6 in July of 2015 than the 6-year low of 51.4 in August. The ISM-adjusted ISM-NMI bounced less sharply, to 56.1 from 54.2 in October, versus an 8-month high of 56.3 in June, a 10-year high of 59.0 in July of 2015, and a 6-year low of 50.7 in August. The ISM-adjusted average of the major producer sentiment surveys surged to a 16-month high of 53 from 51 in October and 50 in August and September. We saw a 49 expansion-low in January and February, and previously in October of 2012. The employment gauge surged to a 1-year high of 58.2 from 53.1.

FedSpeak:  St. Louis Fed hawk-dove Bullard: new tax, fiscal and regulatory policies in Washington could make the U.S. a higher-speed economy if they improve productivity. But any such policy changes should not be viewed as needed stimulus since the economy is not in recession. The impact on current low-growth, low interest rate regime depends on proper execution and focus on productivity improvements. Absent such changes, he’s still sticking with his one-rate-hike-only call to reach neutral policy, which is appropriate since inflation and unemployment are close to target. But this appears to give him an exit strategy if the fiscal outlook changes significantly. Dudley of NY Fed on CNBC: it’s premature to take on board market views of fiscal expansion, he said, but if fiscal policy got more expansive, the Fed would probably remove accommodation more quickly. But it depends on the specifics of any fiscal stimulus, which is as yet unknown. He’s essentially echoing his earlier speech on the economic outlook and he’s generally pleased that there has been an uptick in wages and inflation, which was the goal. Dudley notes that there will be lags in implementing any fiscal legislation, however, and any Fed policy adjustments as a result will be out over the horizon. Overall, he sees “downside risks to the economy reduced.” Dodd-Frank is not perfect, so changes are appropriate, but essential ingredients on capital requirements, etc. should remain. He also sees the rising dollar as consistent with expectations about growth. He is making a bid for automatic fiscal stabilizers again as well. Evans: we’re on cusp of period of rising rates, said the dovish Chicago Fed president, and he expects inflation to move “more solidly” toward the Fed’s 2% target. He said the state of demand in the U.S. is really quite good, growth should continue and with unemployment at 4.6% you don’t need explicit infrastructure stimulus. Evans echoed Dudley, saying we need to have patience to assess what the new administration’s policies will be, though policies under discussion could reinforce the U.S. growth trajectory. This is more optimistic on the growth front for Evans, therefore slightly more hawkish by implication.

Main Macro Events Today                

  • EUR Gross Domestic Product –  Year on Year Eurozone area GDP is out later this morning and it is expected to remain unchanged at 1.6% with Month on month GDP also unchanged at 0.3%.
  • US Factory Orders – October factory goods data is out later today and should reveal a 2.6 increase for the headline with shipments up 0.3% and inventories up 0.2%. This follows respective September figures which had orders up 0.7%, sales up 0.9% and inventories up 0.1%. Data in line with forecasts would leave the I/S ratio unchanged from September’s 1.34.

 

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

THE ECONOMIC WEEK AHEAD for 12.05.2016

economic-week-nov16

Main Macro Events This Week

United States: The November services data, along with trade and sentiment data will headline a thin economic slate. The nonmanufacturing ISM (Monday) is projected to rise to 55.5 after falling 2.3 points to 54.8 in October. The Markit services PMI is also slated (Monday). The October international trade report (Tuesday) is seen posting a wider $42.4 bln deficit. The December preliminary consumer sentiment release (Friday) should show an increase to 94.5 after popping up to 93.8 in November, further reflecting Trump enthusiasm. Productivity growth (Tuesday) is forecast to be unchanged at a 3.1% pace, while unit labor costs hold at 0.3%. The October JOLTS data(Wednesday) would typically be important, as it’s a Yellen favorite, but with the Fed a done deal next week, it will be overlooked. The quarterly QSS release (Thursday) will be of some importance for the GDP outlook as it’s an update on the service sector. Other data this week includes the Fed’s November Labor Market Conditions Index (LMCI) (Monday), October factory orders (Tuesday), October consumer credit (Wednesday), initial jobless claims (Thursday), and October wholesale trade. Fedspeak will be compressed to Monday this week heading into the Fed’s blackout window for the December 14 FOMC decision. On Saturday, NY Fed dove Dudley confined his remarks to regulation. He will be back up again on Monday discussing the macroeconomic outlook. Chicago Fed dove Evans will speak on the current economic outlook and policy. St. Louis Fed hawk-dove Bullard will discuss the economy and policy as well.

Canada: the Bank of Canada’s policy announcement (Wednesday) is the focus. No change in the current 0.50% rate setting is expected but a tempering of the easing bias is possible. Projections are also for no change in rates through next year. Data is headlined by the October trade report (Tuesday), with the deficit expected to narrow to -C$2.0 bln from -C$4.1 bln. The Ivey PMI (Tuesday) is projected to be nearly steady at 60.0 in November from 59.7 in October. Housing starts (Thursday) are seen slipping to 190.0k in November from 192.9k in October. Building permit values (Thursday) are anticipated to decline 1.0% in October after tumbling 7.0% in September. Capacity utilization (Thursday) is projected to rebound to 81.5% in Q3 as the economy recovered, following the plunge to 80.0% in Q2 that was driven by the Alberta-wildfire-related pull-back in GDP. Capacity utilization was 81.4% in Q1. The October new housing price index (Thursday) is expected to rise 0.2% m/m in October after the matching 0.2% increase in September

Europe: The ECB is the focus this week. The Bank not only has to deal with the immediate fallout from the Italian referendum, but most importantly, it will be deciding on the future of the QE program, which currently runs out in March. News sources suggested that many on the Committee favor another 6-month extension at current levels. The calendar will play a secondary role, although German manufacturing order numbers (Tuesday) will be interesting and are likely to be watched closely by central bankers.  Similarly, industrial production for October (Wednesday) is expected to rebound 0.9% m/m after falling -1.8% m/m in September. Data broadly in line with expectations would confirm what confidence indicators already suggested, that growth is likely to pick up again in the last quarter of the year. The same holds for Eurozone October retail sales (Monday), which are seen at 0.8% m/m.

The November Services PMI (Monday) is likely to be confirmed at 55.0. And, against these up-to-date numbers, the third release of Eurozone Q3 GDP (Tuesday) will be rather backward looking. The data calendar also has German trade numbers (Friday) and French production data Friday).

UK: Sterling closed out last week on strong footing with an average 0.6% advance versus the G3 currencies on the day and an average gain of 1.6% on the week. The calendar includes an expected ruling by the Supreme Court onThursday on the government’s challenge to the issue of whether it has to put the decision to trigger Article 50 of the Lisbon Treaty before parliament. Data include the November services PMI (Monday), which is expected to ebb to a headline reading of 54.2) after October’s 54.5. Like the manufacturing and construction PMIs have already shown, the November PMI should reveal a spike in cost pressures as the consequence of sterling’s weakness post-Brexit vote start to bite. Production data for October is also up (Wednesday), where we see scope for a rebound in the industrial output figure, to +0.2% m/m after September’s 0.4% m/m contraction. Trade data and various house price indicators are also out, none of which is expected to move markets.

China: The November trade surplus (Thursday) is expected to narrow to $45.0 bln from $49.1 bln in October.Friday brings November CPI and PPI, where the former is seen warming to 2.3% y/y from 2.1%, and the latter expected at 2.5% y/y from 1.2%.

Japan: The October current account surplus (Thursday) is seen narrowing to JPY 1,600.0 bln from 1,821.0 bln in September. November bank loan data are also due Thursday. The Q4 MoF business outlook survey (Friday) is expected to fall to 2.0 from 2.9 in November.

Australia: Reserve Bank of Australia meeting (Tuesday) is the highlight. No change to the current 1.50% rate setting is the expected outcome. The bank cut rates in May and August to counter a firming AUD. The slate of economic data is highlighted by Q3 GDP (Wednesday), projected to expand 0.4% (q/q, sa) after the 0.5% gain in Q2. The current account deficit (Tuesday) is seen at -A$14.5 bln after the -A$15.5 bln shortfall in Q2. The trade deficit (Thursday) is anticipated at -A$1.0 bln in October from -A$1.2 bln in September. Housing finance (Friday) is seen falling 1.0% in October after the 1.6% run-up in September.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

Macro Events & News for 12.02.2016

2016-12-02_09-38-31

FOREX News Today

European Outlook: Equities headed broadly south in Asia overnight, with technology stocks leading the way amid warnings that any Trump induced stimulus is likely to be short lived and concerns about the health of the U.S. economy and stability in Europe start to weigh again. European stock markets already reversed lower with U.S. markets during yesterday’s PM session and U.S. and FTSE 100 stock futures are also in the red. Italy was the main exception again yesterday, with the MIB still holding on to a nearly 1% gain on Thursday as markets are still betting on a technocrat government taking over from Renzi after Sunday’s referendum on constitutional reform. European bond futures declined with stocks on Thursday, with Eurozone peripherals outperforming going into next week’s ECB meeting and amid a Reuters source story saying a 6 months QE extension without tapering is the option favoured by many. The U.K. meanwhile was focused on fresh sterling strength amid some hints that the government may be heading for a “soft” Brexit with the possibility of ongoing contributions to the EU budget in return for market access. Today’s economic calendar has Eurozone PPI, Swiss Q3 GDP and the U.K. Construction PMI.

US Reports Yesterday: Revealed a solid 53.2 November ISM reading and a 0.5% October construction spending rise that followed big upward Q3 revisions, both of which lifted prospects for GDP. We also saw a 17k Thanksgiving week spike in claims that reversed the remarkably tight 333k Veteran’s Day figure, however, while the available vehicle sales figures have posted a modest 1% drop-back after a prior 6% two-month climb.  NFP should exceed the consensus 175k and could be as high as 190K later today.

FX Update: The dollar has traded modestly softer into the London interbank opening, while the euro has traded perkily. EURUSD edged out a two-week high at 1.0690, and EURJPY forayed further into five-month high territory, despite the uncertainty about Italy’s referendum on constitutional reform this weekend. Markets are betting that a technocrat government will form should PM Renzi resign in the event of a “No” vote. The forex market has also been unperturbed by Reuters citing an unnamed source saying that most ECB council members are in favour of extending the QE program by six months beyond next March without tapering. USDJPY has remained buoyant, holding around the 114.00 level, but has remained below the nine-and-a-half-month high seen at 114.82 yesterday. Market participants are treading cautiously into the release of the November U.S. employment report today. The release it less essential than is often the case this month with expectations for the Fed to hike this month by 25 bp fully discounted and with markets anticipating fiscal expansion when president-elect Trump takes up the reins at the White House.

Fed Policy Outlook: The markets are fully priced for a December 14 hike, but key will be what’s indicated for the policy trajectory in 2017. Expectations are for relatively dovish stance to accompany the tightening. Note that the upcoming FOMC meeting includes the release of updated economic forecasts, along with the dot-plot, and a Yellen press conference. Most Fedwatchers are looking for two more tightenings next year, consistent with Fedspeak that’s been stressing that moves will be gradual. However, policy actions will still be data dependent, yet it’s still too early to predict the disposition of growth and inflation next year, and we doubt the FOMC will even try with respect to its updated forecasts. Hence, there is likely to be a rather innocuous statement and little change to the forecasts, that will limit expectations for aggressive moves. Yellen is also likely to council patience. Additionally, the leaning of the new voters on the Committee is to the modestly dovish side, with Evans, Kashkari, Harker, and Kaplan coming on board, replacing the more hawkish George, Mester, Bullard, and Rosengren.

Main Macro Events Today                

  • US Non-Farm Payrolls – November employment data is out today and expectations are for 177k headline gain for the month following a 161k figure in October and 191k in September, with risk to the upside as high as 190K. The unemployment rate should remain steady at 4.9% (median 4.9%). As we discussed in Monday’s commentary, headline risk is firmly to the upside as producer sentiment and claims have both improved significantly.
  • Canada Employment – Employment, due Friday, is seen rising 15.0k in November after the 43.9k surge in October. But the recent run of surprisingly strong job gains (August +26.2k, September +67.2k) maintains the risk for pull-back in jobs (median is -10.0k). Of course, this same line of thinking was in play for the October report, and there was a solid expansion in jobs. The unemployment rate is expected to hold steady at 7.0%.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

Macro Events & News for 12.01.2016

2016-12-01_09-10-48

FOREX News Today

European Outlook: A jump in oil prices following yesterday’s OPEC deal on output cuts and a stronger than expected manufacturing PMI reading out of China underpinned broad gains on Asian stock markets overnight. The front end WTI  future cleared the USD 50 per barrel mark, but while the oil price induced rally already helped European markets to post gains Wednesday, it seems to be running out of steam with U.S. stock futures down on the day in tandem with U.K. stock futures. Concerns about a new wave of global protectionism seems to be adding to concerns. The rise in oil prices should keep upward pressure on yields, although if equities head south again, we could see futures regaining some of yesterday’s losses. Italian markets will remain in focus as the referendum on constitutional reforms draws nearer. The European calendar has the final reading for the Eurozone manufacturing PMI, as well as Eurozone unemployment numbers and the U.K. manufacturing PMI for November.

US Reports Yesterday: Very solid personal income, ADP, and Chicago PMI figures that further document accelerating activity. For income, we saw a firm 0.6% October rise, with a lean 0.3% consumption increase but with the expected 0.1% “real” gain thanks to a lean 0.2% PCE chain price rise. We saw skewing of Q3 income and consumption strength toward September that lifted the entry to Q4, beyond the expected upward income revisions in Q2 and Q3, and Q3 consumption boosts. We lifted our consumption estimates, though we still peg Q4 GDP growth at 1.8%. A 216k November ADP rise beat our 180k estimate for private payrolls with a 190k total payroll increase, though we saw a big 28k downward October ADP revision to 119k from 147k that left a downside gap to the 142k private payroll increase in that month. We saw a November Chicago PMI surge to a 22-month high of 57.6 to leave a robust level as producer sentiment extends its uptrend. We expect a 190k rise in November payrolls tomorrow.

Canada’s Growth Ticks Up: Canada’s 3.5% GDP rebound in Q3 was accompanied by the anticipated bounce back in energy production, but was joined by acceleration in the pace of consumption spending, a surge in investment on non-residential structures and a positive contribution from inventories. A 0.3% gain in September GDP left a strong hand-off to Q4. The reports also imparted a mildly positive tilt to the outlook for 2016 and 2017 growth, adding to the case for no change from the Bank of Canada at the December announcement.

Fedspeak: Cleveland Fed hawk Mester said the “devil will be in the details” in terms of fiscal, trade and immigration policies of the next administration with respect to inflation and employment, but raising rates would be a prudent step for the Fed as postponing hikes for too long would raise risks of recession and financial instability. She feels the Fed meanwhile “is not behind the curve.” Mester has been a hawkish dissenter against policy status quo and has been arguing for pre-emptive rate hikes for a while, so this won’t come as a surprise. Fed Governor Powell;communications should downplay the timing of rate moves, he said in prepared remarks at an “Understanding Fedspeak” event. Focusing on the potential timing of changes can lead to confusion. Rather, communications should emphasize the uncertainty over forecasts. On the dot plot, he noted that while changes in the plot might reveal changes in views on the policy path, it’s not a useful predictor of near term rate action. In conclusion, he said policymakers communicate a lot more these days; some of the comments are designed to express the consensus, while some is designed to show the diversity of views.

Main Macro Events Today                

  • US ISM Manufacturing PMI  – The October ISM is expected to rise to 52.5 from 51.9 in October. Forecast risk: upward, given strong components in early month sentiment. Market risk: downward, as weakening in data could impact rate hike timelines. The ISM has shown a recent high of 59.9 in February ’11 and a low of 33.1 in December of 2008.
  • Canada 3Q GDP – Real Q3 GDP is expected to rebound 3.4% in the report due today after the 1.6% drop in Q2. A bounce-back in real net exports is seen driving the pick-up. Consumption growth is seen slowing, while M&E investment should manage another small gain. Inventories are the usual wildcard, projected to modestly subtract from GDP. Meanwhile, September GDP by industry is seen up 0.1% m/m, leaving a tepid hand-off to Q4. Moreover, the Q3 surge will be driven by a return to production and activity in the Forth McMurray region after the wildfire temporarily halted production in Q2.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

Free Forex Trading Signals For 11.17.2016

Free Forex Signals

#UDSX          100.70—-99.60             Sell at the Top,                   Stop Loss 30 pips,         Target at the Buttom
EUR/USD     1.0795—-1.0645           Buy at the Buttom,             Stop Loss 40 pips,         Target at the Top
GBP/USD     1.2545—-1.2395           Buy at the Buttom,             Stop Loss 40 pips,         Target at the Top
USD/CHF     1.0060—-0.9950         Sell at the Top,                   Stop Loss 40 pips,         Target at the Buttom
USD/JPY      109.65—-108.25          Sell at the Top,                   Stop Loss 40 pips,         Target at the Buttom
AUD/USD     0.7545—-0.7435          Buy at the Buttom,             Stop Loss 40 pips,         Target at the Top
USD/CAD     1.3495—-1.3395           Sell at the Top,                   Stop Loss 40 pips,         Target at the Buttom
GOLD            1238.00—1220.00        Buy at the Buttom,             Stop Loss 7 $,               Target at the Top
Silver             17.35—16.75                 Buy at the Buttom,             Stop Loss 0.20 $,               Target at the Top
Oil                   46.75—45.35               Buy at the Buttom,             Stop Loss 0.50 $,               Target at the Top

Keywords:Forex Trading Signals,Forex Trading Strategy,Forex Trading System,Free Forex Analysis,Forex

Forecast
If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

Macro Events & News for 11.01.2016

2016-11-01_08-29-02

FOREX News Today

European Outlook: Asian stock markets are mixed, with Japanese markets fluctuating and closed with slight gains after the BoJ left rates unchanged, but lowered the inflation outlook. The Hang Seng is outperforming and mainland Chinese markets are also underpinned, after the official manufacturing PMI improved. The ASX underperformed as AUD strengthened and U.S. and U.K. stock futures are moving higher. Oil prices are up from lows, but the front end WTI future is just above USD 47 per barrel and clearly down from recent highs, amid the lack of an OPEC output deal. In Europe trade is likely to be quieter than usual, with a public holiday in some European countries, including parts of Germany. This will delay the release of final EMU manufacturing PMI numbers until tomorrow, while Switzerland and the U.K. will publish manufacturing PMI data today.

The BoJ left policy unchanged following the conclusion of its latest policy meeting, as had been widely expected. This left the interest rate at -0.1% and QQE unchanged at Y80 tln per year. The central bank also pushed back, once again, the time when it expects inflation to reach the 2% target, now projecting this to happen “around fiscal 2018.” Previously the BoJ had forecast inflation returning to target by the end of fiscal 2017, which ends in March 2018. The ellusive target was first introduced in 2013. Headline core CPI fell to -0.5% y/y in October, while the so-called “core-core” CPI figure was flat y/y, a three-year low and highlighting sluggish consumer demand. The central bank also trimmed its inflation forecasts today, now seeing core CPI at 1.5% in 2017 versus 1.7% previously. On the economy, the BoJ said that the economy would continue to expand moderately, but noted that households haven’t been spending increased income and that the risks to the outlook were skewed to the downside.

FX Update: The Aussie dollar was the standout performing, rallying on the RBA’s decision to leave policy unchanged. AUD-USD and AUD-JPY are registering the biggest movement out of the currencies we track, showing respective gains of 0.7% and 0.8% into the London interbank open. Australia’s weak core inflation data had fed some speculation that the RBA might have opted to make a third rate cut of the year. But the antipodean central bank stood pat and Governor Lowe’s statement was upbeat in outlook, noting that “over the next year, the economy is forecast to grow at close to its potential rate before gradually strengthening” with inflation “expected to pick up gradually over the next two years.” AUDUSD clocked a six-day high at 0.7688 while AUDJPY broke into three-month high terrain. Stronger than expected October manufacturing PMI surveys out of China, with the Caixin version reaching its best level since August 2011, also lifted the Aussie. Elsewhere, currencies generally saw narrow ranges. Cable consolidated gains seen into the London close yesterday, holding around 1.2220-30. EURUSD continued to narrowly orbit the 1.0950 level. USDJPY popped moderately higher after the expected decision by the BoJ to leave policy unchanged with the central bank lowering CPI forecasts and yet again pushing back the time it expects the 2% target to be reached.

US Data reports: Mixed. We saw a moderate 0.3% September personal income gain, but with a solid 0.5% consumption rise, alongside divergent October swings for the Chicago PMI and the Dallas Fed that left both measures below prior estimates. We saw a Chicago PMI drop to a 5-month low of 50.6 from 54.2, and a rise for the Dallas Fed to a still-negative -1.5 in October from -3.7. We saw an ISM-adjusted Dallas Fed drop to 49.6 from 51.2 in October and 50.7 in September.

Carney to stay and extra 12 months: BoE’s Carney will stay on another year, taking his term beyond the expected Article 50 process in order to help secure an orderly transition. This followed a meeting yesterday with PM May,  the UK Finance Minister Hammond says he’s “very pleased” to hear that Carney intends to stay until the end of June 2019.

Main Macro Events Today                

  • US manufacturing ISM – The October ISM should reveal a headline increase to 51.7 from 51.5 in September and 49.4 in August. Already released measures of sentiment for October have revealed headline declines. More broadly we expect sentiment to improve in October with the ISM-adjusted average of all measures climbing to 51 after two months at 50 as inventory headwinds dissipate and the mining sector rebounds.
  • Canada GDP – Expectations are for a 0.2% rise in September GDP.  The modest gain would follow the back to back surges in August (+0.5%) and July (+0.6%), as the economy, or more specifically oil sands production in the Fort McMurray region, rebounded from the wildfires that shuttered production in May (when GDP fell 0.6%). The energy sector saw continued growth in September, as export volumes grew and higher volumes boosted manufacturing production.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

The Economic Week Ahead for 10.31.2016

economic-week-sept16-1

Main Macro Events This Week

FBI’s Comey dropped a bombshell on the markets late Friday as he announced the agency would be reviving the Clinton email probe after learning, via a separate investigation, of the existence of apparently “pertinent” messages on a PC owned by Anthony Weiner (estranged husband of Clinton advisor Huma Abedin). In his letter, Comey reportedly told key members of Congress that his agency should take “appropriate investigative steps.” Wall Street dropped on the news, though a bounce in Biotech and Pharma shares (on the hot seat under Clinton) helped the Dow recover toward unchanged levels. The Mexican peso, the de facto election barometer, was the main casualty of the news, plunging 1.4% before closing 0.9% lower. Concurrently, bond yields closed modestly lower on short covering and risk aversion. This heightened uncertainty will make for an extraordinary run up to the November 8 election.

United States: The FOMC (Tuesday, Wednesday) will be a point of interest for the markets this week, but not quite the center of attention it usually is. The pick-up in Advance Q3 GDP to 2.9% helped clear the way for a hike in December, and implied futures were suggesting about a 75-80% probability — the November 1, 2 FOMC was never really in the running due to the election. Other data this week will have more relevance for how the markets set up for the December policy decision. Remember, the onus is on the data to keep the Fed sidelined at year end. Personal income (Monday) and PCE. Chicago PMI and  Dallas Fed index (Tuesday) and construction spending. MBA mortgage applications are on tap (Wednesday), along with the ADP employment survey set to increase 160k in October. Q3 productivity (Thursday) along with. Initial jobless claims, ISM services and factory goods orders.  The employment report will highlight on Friday, with October nonfarm payrolls expected to increase by 174k vs 156k in September, with a 160k private payroll gain. The unemployment rate is expected to tick back down to 4.9% from 5.0% in September. The workweek is expected to hold at 34.4 for a second month. Hourly earnings are expected to be up 0.2% which would leave a 2.5% y/y rise. Hours-worked should be 0.1% for the month following a 0.4% increase last month.

The Q3 earnings announcements continue this week. So far, most of the S&P companies which have announced have beaten estimates.  This week includes Electronic Arts, Pfizer, Alibaba, Allergan, Facebook, Fitbit, Time Warner, Kraft Heinz, Adidas, Liberty Global, Starbucks and BMW.

Canada: A heavy slate of economic data this week: The industrial product price index (Monday), GDP (Tuesday), Employment (Friday) is projected to fall 15.0k in October, but after the stunning 67.2k surge in September. The unemployment rate is seen steady at 7.0%. The trade deficit also (Friday) is expected to narrow to -C$1.8 bln in September from -C$1.9 bln in August, as Canada’s trade position continues to gradually improve. The October RBC manufacturing PMI (Tuesday) and October Ivey PMI (Friday) are also due.

Europe: Preliminary Eurozone Q3 GDP numbers and October inflation data will be in focus this week, which together with the final readings for October PMI surveys, will add to the data mix that could prove decisive for the ECB December decision on future QE purchases. Preliminary Eurozone HICP inflation (Monday) meanwhile is seen accelerating to 0.5% y/y.The data calendar also has unemployment numbers from Germany for October, (Wednesday). Eurozone September unemployment (Thursday) is seen steady at 10.2%. German retail sales and French production data are also on the slate.

UK: The BoE’s Monetary Policy Committee meets for the first time since September (announcing Thursday), and the central bank will at the same time release the latest Quarterly Inflation Report with updated growth and inflation projections. While last week brought some good news, including the solid Q3 GDP report and news that Nissan will remain committed to its manufacturing operations in Brexit-bound Britain, the outlook remains clouded by uncertainty. S&P affirmed its AA credit rating for the UK late on Friday, although the agency maintained its negative outlook and warned that Brexit “presents a significant risk to the UK’s track record of strong economic performance, and to its large financial sector in particular.” The UK data calendar is also busy this week. Monthly BoE lending data (Monday) should see lending stabilize. The October PMI surveys highlight. The manufacturing PMI release (Tuesday), the construction PMI (Wednesday) and the services PMI (Thursday). Outcomes in-line with expectations would affirm that the economy is continuing to expand in early Q4.

China: The only reports are the services and manufacturing PMI measures (both Tuesday).

Japan: The BoJ meeting (Monday, Tuesday) will be anxiously awaited amid policy uncertainties. While Governor Kuroda and Company are not expected to reveal any changes to the QE program, the markets will be watching for any shift to the Bank’s timeline for hitting its inflation goal of 2%. Data wise September preliminary industrial production, Retail sales , housing starts, construction orders and auto sales are all published  (Monday). The Nikkei/Markit October manufacturing PMI (Tuesday) is forecast at 48.0 from 48.2 previously. October consumer confidence (Wednesday) is forecast at 42.5 from 43.0 previously, while October services PMI is due Friday. The markets are closed for a holiday Thursday.

Australia: The calendar is highlighted Reserve Bank of Australia’s meeting (Tuesday), expected to result in no change to the current 1.50% setting for the policy rate. Building approvals (Wednesday), the trade deficit (Thursday), Retail sales (Friday) and finally the October Melbourne Institute inflation index (Monday) is also scheduled for release.

2016-10-31_09-02-03

2016-10-31_09-02-41

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.