Re: Hotforex.com - Market Analysis and News.
Publié : 10 janv. 2018, 11:30
Date : 10th January 2017.
MACRO EVENTS & NEWS OF 10th January 2017.
FX News Today
European Fixed Income Outlook: The global stock rally started to fade in Asia with a stronger Yen and higher global yields weighing. The BoJ’s implicit tapering and the ECB’s reduced monthly purchase targets acted as a reminder that central bank support is slowly being phased out and Japanese indices headed south. The ASX 200 was also down, but Hang Seng and CSI 300 were underpinned, by data and as China’s central bank weakened its daily fixing on the yuan by the most since September. Yields continued to rise and the Japanese 10-year is up 1.9 bp and the 10-year Treasury yield up 1.7 bp, but South Korea is leading the way as safe haven flows are being reversed slowly. FTSE 100 futures as well as U.S. futures are heading south and against that background European stock markets are likely to retreat, and bonds are likely to remain under pressure ahead of supply from Italy and Germany today. The calendar has industrial production data out of France and the U.K. as well as U.K. trade numbers.
FX Update: The dollar has traded steady-to-firmer, overall. EURUSD has remained heavy, meeting good selling interest above 1.1950, though so far remaining above yesterday’s 12-day low at 1.1915. Cable and AUDUSD have been seeing similar price actions, aided by the spike in U.S. Treasury yields over the last day, while the dialogue between North and South Korea has seen a rotation out of haven assets and currencies. USDJPY has declined for a second consecutive day, logging an eight-day low of 112.16. The move has been driven by broader yen gains, with EURJPY and AUDJPY, among other yen crosses, also down. Market participants have been continuing to digest the BoJ’s QE tapering announcement of yesterday, despite some market narratives downplaying the taping move has being little more than a baby step, with the central bank likely to remain committed to its YCC (yield curve control) policy in the face of the chronic undershooting of the inflation target.
Main Macro Events Today
UK Manufacturing Production – expected to rise to 0.3%m/m from 0.1%m/m and to fall to 2.8%y/y from 3.9%y/y. Industrial production expected to rise 0.5% m/m and 1.9% y/y.
UK Goods Trade Balance
Canadian Building Permits – Building permit values are expected to rise 1.0% m/m in November after the 3.5% gain in October.
Crude Oil Inventories & US Imports – MBA mortgage market data is due, along with import prices seen +0.2% in December and export prices flat (median 0.3%). EIA energy inventory data are on deck as well.
Charts of the Day
Support and Resistance Levels
Always trade with strict risk management. Your capital is the single most important aspect of your trading business.
Please note that times displayed based on local time zone and are from time of writing this report.
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.
MACRO EVENTS & NEWS OF 10th January 2017.
FX News Today
European Fixed Income Outlook: The global stock rally started to fade in Asia with a stronger Yen and higher global yields weighing. The BoJ’s implicit tapering and the ECB’s reduced monthly purchase targets acted as a reminder that central bank support is slowly being phased out and Japanese indices headed south. The ASX 200 was also down, but Hang Seng and CSI 300 were underpinned, by data and as China’s central bank weakened its daily fixing on the yuan by the most since September. Yields continued to rise and the Japanese 10-year is up 1.9 bp and the 10-year Treasury yield up 1.7 bp, but South Korea is leading the way as safe haven flows are being reversed slowly. FTSE 100 futures as well as U.S. futures are heading south and against that background European stock markets are likely to retreat, and bonds are likely to remain under pressure ahead of supply from Italy and Germany today. The calendar has industrial production data out of France and the U.K. as well as U.K. trade numbers.
FX Update: The dollar has traded steady-to-firmer, overall. EURUSD has remained heavy, meeting good selling interest above 1.1950, though so far remaining above yesterday’s 12-day low at 1.1915. Cable and AUDUSD have been seeing similar price actions, aided by the spike in U.S. Treasury yields over the last day, while the dialogue between North and South Korea has seen a rotation out of haven assets and currencies. USDJPY has declined for a second consecutive day, logging an eight-day low of 112.16. The move has been driven by broader yen gains, with EURJPY and AUDJPY, among other yen crosses, also down. Market participants have been continuing to digest the BoJ’s QE tapering announcement of yesterday, despite some market narratives downplaying the taping move has being little more than a baby step, with the central bank likely to remain committed to its YCC (yield curve control) policy in the face of the chronic undershooting of the inflation target.
Main Macro Events Today
UK Manufacturing Production – expected to rise to 0.3%m/m from 0.1%m/m and to fall to 2.8%y/y from 3.9%y/y. Industrial production expected to rise 0.5% m/m and 1.9% y/y.
UK Goods Trade Balance
Canadian Building Permits – Building permit values are expected to rise 1.0% m/m in November after the 3.5% gain in October.
Crude Oil Inventories & US Imports – MBA mortgage market data is due, along with import prices seen +0.2% in December and export prices flat (median 0.3%). EIA energy inventory data are on deck as well.
Charts of the Day
Support and Resistance Levels
Always trade with strict risk management. Your capital is the single most important aspect of your trading business.
Please note that times displayed based on local time zone and are from time of writing this report.
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.