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Automated Trading
Black box systems, strategy automation, algorithmic trading, etc...
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By HFblogNews · Posted
Date : 16th October 2018.
MACRO EVENTS & NEWS OF 16th October 2018.
FX News Today
Asian Market Wrap: 10-year Treasury yields are up 1.5 bp at 3.171% and JGB yields rose 1.0 bp to 0.142%. Bond yields are resuming their uptrend as stock market sentiment stabilized during the Asian session, although Oil prices are rising as Saudi tensions spike limited gains. There are also concerns over China’s GDP data later in the week, which markets fear will show the impact of US-Sino trade tensions. Japanese markets managed to bounce back from the 19-months low yesterday as Topix and Nikkei are up 0.13% and 0.41% respectively. The ASX is up 0.56% but the Hang Seng has lost -0.09% so far and the CSI -0.13% and Shanghai Comp and Shenzen Comp are down -0.14% and -0.21% respectively. US futures are moving higher though, in line with the overall improving trend in Asia. The front end Nymex future is trading slightly under USD 72 per barrel.
European Fixed Income Outlook: The 10-year Bund future opened at 158.49, down from a close of 158.59 on Monday. The 10-year cash yield is also down -0.3 bp at 0.497% in the opening session after an unexpected dip in German import price inflation at the start of the session. Generally, global bonds are back under pressure as stock market sentiment stabilized during the Asian session and 10-year Treasury rates are up 1.1 bp at 3.1675. The stalled Brexit talks, as well increased spending targets in Italy and now Spain remain in focus as does the fallout from the Bavarian election on the central government in Berlin. The data calendar focuses on UK labour market data as well as German ZEW investor confidence, with the latter expected to fall slightly.
Charts of the Day
Main Macro Events Today UK Labour Market Data – Expectations – The UK Unemployment rate is expected to remain flat at 4%, while Average Earnings should increase by 2.8% in August, compared to 2.9% in July. US Industrial Production and Capacity Utilization – Expectations – Industrial Production is expected to have increased by 0.3% in September, and Capacity Utilization to have increased to 78.2% compared to 78.1% 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.
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.
Dr Nektarios Michail
Market Analyst
HotForex
Disclaimer: This material is provided as a general marketing communication for information pThis 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. -
By Stocks4life · Posted
$AZO (AZO) Autozone stock nice high trade quality bounce off 765.5 support w/ breakout watch above 791.92, see also $AAP and $ORLY ,
analysis https://stockconsultant.com/?AZO -
By Stocks4life · Posted
$TAHO (TAHO) Tahoe Resources stock bottom breakout moving into the upside gap, from Stocks To Watch,
analysis https://stockconsultant.com/?TAHO -
By Stocks4life · Posted
$RDNT (RDNT) RadNet stock w/ top of range breakout watch above 15.7,
analysis https://stockconsultant.com/?RDNT
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By HFblogNews · Posted
Date : 15th October 2018.
MACRO EVENTS & NEWS OF 15th October 2018.
Main Macro Events This Week
Divergence had been the name of the game so far this year as the trade war played out and the US outperformed the globe in the growth and equity sweepstakes. But the US yield breakout in October seems to be leveling the field again. The majority of equity indices around the world are negative on the month, while the US and Japan double-digit returns on the year have been cut in half. Looking ahead this week for fundamental signals, US retail sales should improve, though housing data may start to register a hit from Hurricane Florence.
United States: The week of October 15 will be a busy one in the US with several economic indicators as well as minutes from the September 25-26 FOMC meeting on the calendar. In terms of economic indicators, retail activity will be the focus, and a healthy gain is expected in retail sales in September. The Empire State and Philly Fed indexes should be mixed, but will remain at strong levels. Another solid gain is anticipated in industrial production while housing starts will likely decline and existing home sales should post a small gain. Finally, business inventories are expected to rise as is the leading economic index.
The economic calendar includes retail sales seen rising 0.5% in September (Monday) in headline sales and an ex-auto gain of 0.3%, after disappointing August data. Empire State index is estimated to rise to 21.0 in October (Monday), from a 5-month low of 19.0 in September. Industrial production is expected to rise 0.4% in September (Tuesday), following 0.4% gains in August and July, Also on tap are the NAHB housing market index (Tuesday), seen rising to 68 in October from 67, along with JOLTS job openings. September housing starts (Wednesday) are forecast to drop 2.5% to 1.250 mln, while permits should rise 2.5% to 1.280 mln. All of the September housing data are at risk for a hit from hurricane Florence. EIA energy inventory data is on tap too (Wednesday). The Philly Fed index should moderate to 21.0 in October (Thursday) from 22.9 in September and initial jobless claims are estimated to rise 6k to 220k in the week ended October 13 (Thursday), following a 214k reading in the week of October 6, as we may see a boost from Hurricane Michael. The leading economic index should post a 0.5% rise in September, a 12th straight monthly increase. The week rounds out with existing home sales that may post a lean 0.2% increase in September (Friday), to 5.35 mln, following a flat reading of 5.34 mln in August.
Canada: Canada’stop tier releases book-end this week’s docket, with the BoC’s Business Outlook Survey due Monday and the September CPI due Friday. The Bank’s Business Outlook Survey for autumn will likely show increased worry over trade. In the data calendar, CPI is seen holding steady in September on a month comparable basis (0.0%) after the 0.1% rise in August. Annual CPI growth is projected to slow to a 2.6% y/y pace in September from 2.8% in August and the lofty 3.0% growth rate in July, adding further support to the Bank’s view that the run-up in CPI through July was due to temporary factors that are now unwinding. Manufacturing sales values (Wednesday) are projected to fall 0.5% in August after the 0.9% improvement in July. August retail sales (Wednesday) are expected to improve 0.5% after the 0.3% gain in July.
Europe: The tensions between Rome and Brussels are likely to continue and the European Council meeting this week may also not bring the hoped for Brexit breakthrough. EU-27 leaders will hold a working dinner on Wednesday, before the official summit on Thursday and while there were signs that UK Chancellor May’s team are closer than ever to a deal with the EU’s Brexit negotiators, it is already clear that Brexiteers as well as Northern Ireland’s DUP, which May relies on in parliament, will be putting up a fight. Meanwhile the time for a deal that also has to pass national parliaments is truly running out.
Data releases focus on German ZEW Investor Sentiment (Tuesday), where slight dip should be posted in the October reading to -10.9 from -10.6 in September, although with the large volatility in markets this past week, uncertainty is higher than usual and much may depend on the timing of the answers. The final reading of September Eurozone HICP inflation (Tuesday) is unlikely to hold any surprise and confirm the headline rate at 2.1% y/y, above the ECB’s 2% limit for price stability, but mainly due to higher energy and food price inflation. Core inflation remains at just 0.9%, giving Draghi room to ignore high headline rates for now. Other data releases include Eurozone trade (Tuesday),as well as BoP and current account data (Friday).
UK: Brexit negotiations are coming to a head into this week’s Brussel’s summit. The data calendar is busy this week, highlighted by monthly labor data (Tuesday), inflation figures (Wednesday) and retail sales (Thursday). The labor market report is expected to show unemployment rate remaining unchanged at 4.0% in August, and average household pay to also hold unchanged from the previous month, at 2.6% y/y in the three months to August (medians same). As for inflation, the headline CPI should dip to 2.6% y/y in September from 2.7% in the month prior, with the core CPI figure seen ebbing to a 2.0% y/y rate from 2.1% in August. For September retail sales, a 0.3% m/m contraction could be released, after 0.3% growth in the month prior, with the y/y rate seen lifting to 3.7% y/y from 3.3%
Japan: The September trade report (Thursday) should reveal a narrowed deficit to JPY 100.0 bln from the prior 438.4 bln shortfall when imports rose to a 15.3% y/y gain, while exports climbed to 6.6% y/y. September national CPI (Friday)likely cooled to 1.2% y/y from 1.3% overall, and to 0.8% y/y from 0.9% on a core basis. That won’t be good news for the BoJ.
China: The September CPI (Tuesday) is expected to rise to 2.4% y/y from 2.3%, while September PPI (Tuesday) is penciled in slowing to 3.5% y/y from 4.1%. All eyes will be on Q3 GDP (Friday).Growth is seen decelerating modestly to 6.5% y/y from 6.7%, though that nevertheless could add to rising concerns over the bearish impact on growth from the US trade imbroglio. September industrial production (Friday) should pull back to a 5.9% y/y pace from 6.1%. September retail sales and fixed investment are also due (Friday), with the former forecast at 8.9% y/y from 9.0%, and the latter at an unchanged 5.3% y/y.
Australia: The Reserve Bank of Australia releases the minutes to the October meeting (Tuesday).Deputy Governor Debelle speaks (Wednesday) at the 2018 Citi Conference, Sydney. Employment (Thursday) is seen rising 25.0k in September after the 44.0k gain in October. The unemployment rate is seen at 5.3%, matching September.
New Zealand: The calendar has CPI (Tuesday), expected to expand 0.8% (q/q, sa) in Q3 after the 0.4% gain in Q2. The annual growth rates is projected to accelerate to a 1.8% pace from 1.5% in Q2. There is nothing from the RBNZ this week. The next meeting is November 8. No change is expected to the 1.75% policy setting next month and through 2019.
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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