Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

Date : 08th November 2019.

FX Action | 08th November 2019.

MAP_1200x628_jun19-1068x559.png

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.


2019-11-08_12-06-36.jpg

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.

2019-11-08_12-15-10-696x396.jpg

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.

2019-11-08_13-11-37-696x396.jpg

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

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

Click HERE to access the full HotForex Economic calendar.

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

Click HERE to READ more Market news.

Andria Pichidi
Market Analyst
HotForex

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

Share this post


Link to post
Share on other sites

Date : 11th November 2019.

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


[IMG]

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.

Share this post


Link to post
Share on other sites

Date : 13th November 2019.

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


[IMG]

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.

Share this post


Link to post
Share on other sites

Date : 14th November 2019.

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


[IMG]

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.

[IMG]

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.

[IMG]

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.

[IMG]

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.

[IMG]

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.

Share this post


Link to post
Share on other sites

Date : 18th November 2019.

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


[IMG]

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.

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.

Share this post


Link to post
Share on other sites
Date : 20th November 2019.

FX Update – 20th November 2019.


[IMG]

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.

[IMG]

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”.

[IMG]

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.
 

Share this post


Link to post
Share on other sites

Date : 21st November 2019.

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


[IMG]

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.

Share this post


Link to post
Share on other sites

Date : 25th November 2019.

Events to Look Out For Next Week 25th November 2019.


[IMG]

Its a short but also busy week, as the Thanksgiving holiday will keep US markets close on Thursday and partially on Friday. From a data perspective, it will definitely be an eventful week with Wednesday and Thursday being the most data-heavy days with US GDP and Durable Goods, and Inflation releases from Europe and Tokyo.

Monday – 25 November 2019

  • German IFO Business Climate (EUR, GMT 09:00) – The German business sentiment index released by the CESifo Group is closely watched as an early indicator of current conditions and business expectations in Germany. November numbers are expected to show a decline in business climate.

Tuesday – 26 November 2019

  • CB Consumer Confidence (USD, GMT 15:00) – The Consumer confidence is expected to rebound to 128.0 in November from 125.9 in October, versus an 8-month high of 135.8 in July, a 16-month low of 121.7 seen as recently as January, and an 18-year high of 137.9 last October. The present situation index is anticipated to dip to 169.0 from 172.3 in October, versus a 19-year high of 176.0 in August. The expectations index should rise to 100.6 in November from 94.9 in October, versus an 18-year high of 115.1 in October of 2018. Overall, confidence measures remain historically high.

Wednesday – 27 November 2019

  • Gross Domestic Product (USD, GMT 13:30) – The Q3 GDP growth is expected to be boosted to 2.1% from 1.9%. The revised Q3 data will still depict a quarter with a wide gap between solid consumption growth but contracting business fixed investment in the face of trade uncertainty, slowing growth abroad, disruptions from the Boeing 737 MAX grounding, and the UAW-GM strike.
  • Personal Consumption Expenditures Prices (USD, GMT 13:30) – A 0.3% gain is seen in personal income in October after a 0.3% increase in September, alongside a 0.4% rise in consumption that follows a 0.2% September gain.
  • Durable Goods (USD, GMT 13:30) – Durable goods orders are expected to fall -1.5% in October with a -4.4% drop in transportation orders, after a -1.2% headline orders drop in September, and a 0.2% uptick in August. Boeing orders fell to just 10 planes in October from 25 in September. A continued headwind from problems with the Boeing 737 Max and disruptions from the UAW-GM strike have prompted buyers to delay new orders and vehicle assemblies to fall to an 8-year low pace.

Thursday – 28 November 2019

  • United States – Thanksgiving Day – US closed.
  • Harmonized Index of Consumer Prices (EUR, GMT 13:00) – The German HICP inflation could slip to -0.6% m/m for November from 0.1% m/m. The annualized outcome is expected to remain unchanged at 0.9% y/y.
  • Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to remain at 0.4% y/y core in November, and to slip at 0.4% y/y ex Fresh Food. Industrial Production should post a 1.9% growth y/y in October, compared to 1.3% last month.

Friday – 29 November 2019

  • United States – Thanksgiving Day – US early closed at 13:00.
  • Unemployment Rate (EUR, GMT 08:55) – Unemployment numbers are probably nearly as important as the GDP growth figure. German unemployment rate is expected to remain unchanged in the annual basis however unemployment change for November is expected to decline to 2K from 6K.
  • Consumer Price Index (EUR, GMT 10:00) – The Euro Area flash CPI for November is forecasted to rise slightly, at 0.9% y/y from 0.7% y/y last month while core is seen at 1.2% y/y from 1.1% y/y.
  • Gross Domestic Product (CAD, GMT 13:30) – A sharp slowing in Canada’s real GDP growth rate to 1.2% (q/q, saar) is expected in Q3 following the surge in Q2 growth to a 3.7% clip that was driven by temporary factors. This will add to the backing for a near term rate cut for the Bank of Canada.

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.

Share this post


Link to post
Share on other sites

Date : 26th November 2019.

Equities continue lower ahead of ECB – 26th November 2019.


[IMG]

Risk-on runs on – European stock markets are slightly lower in opening trade, as the stock markets run out of steam after the rally seen yesterday.

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.

Share this post


Link to post
Share on other sites

Date : 2nd December 2019.

Events to Look Out For Next Week 2nd December 2019.


[IMG]

Welcome to our weekly agenda, our briefing of all the key financial events globally. Following another cautious week, after trade jitters and the prospect of further protests in Hong Kong weighed on sentiment, two interest rate decisions and NFP data stand out in the announcement schedule next week. The US-China trade tensions, upcoming UK elections and OPEC meeting in Vienna continue to dominate the week.

Monday – 02 December 2019

  • Building Permits (AUD, GMT 00:30) – Building permits are a known leading indicator of the housing and the overall market. Following the moderatıon of decline in dwelling approvals in September for Australia, it will be interesting to observe whether permits will increase or pullback once again. The consensus for October is at -4.0% m/m, compared to the spike at 7.6% last month.
  • Manufacturing PMIs (EUR, GBP, USD, GMT 08:55-14:45) – The UK manufacturing PMI is expected to hold below neutral at 48.1. The Euro Area PMI is expected to remain at the same levels as last month, at 46.6 and German number at 43.8, while the US ISM PMI in November is expected to increase to 50.5 compared to 48.3. The sentiment surveys have been erratic in recent months likely due to competing perspectives on the trade war, troubles abroad, and stock price gyrations.

Tuesday – 03 December 2019

  • Interest Rate Decision (AUD, GMT 03:30) – No surprises are expected even though in the last RBA statement Governor Lowe admitted that there are downside risks and admitted that the bank could ease again if necessary. He also suggested that previous easing steps are already supporting the economy and while the bank is monitoring developments there was nothing to signal immediate moves.

Wednesday – 04 December 2019

  • Gross Domestic Product (AUD, GMT 00:30) – Third quarter GDP for Australia is expected to have settled at 1.4% y/y.
  • Employment Data (USD, GMT 13:15) – US ADP Employment Change is anticipated to grow by 138K in November from 125K last month.
  • ISM Non-Manufacturing PMI (USD, GMT 15:00) – The ISM-NMI index is expected to rise to 55.0 in November from 54.7 in October. Sentiment has received ongoing support, however, from tight labor markets, high consumer confidence levels, and firm GDP and consumption growth. We should see at least some November updraft following the settlement of the UAW-GM strike.
  • Interest Rate Decision (CAD, GMT 15:00) – In October, the Bank of Canada maintained the 1.75% rate setting, matching widespread expectations. However, the announcement was overall dovish and the Bank seems like it has opened the door wide open to a rate cut if the resilience of the domestic economy shows signs of faltering.

Thursday – 05 December 2019

  • OPEC meeting in Vienna
  • Gross Domestic Product (EUR, GMT 10:00) – Third quarter GDP s.a. for Europe is expected to have settled at 0.2% q/q, unchanged from the second quarter.
  • Trade balance (USD, GMT 13:30) – The trade deficit is expected to widen in October to -$53.5 bln from -$52.5 bln in September. The exports are anticipated to hold steady at $206.0 bln, while imports should rise 0.4% to $259.6 bln. Both exports and imports face headwinds from a decline in vehicle trade with the UAW-GM strike, as well as a drop in petroleum prices following the Saudi drone bombing in September.

Friday – 06 December 2019

  • Event of the Week – Non-Farm Payrolls (USD, GMT 13:30) – A 190k November nonfarm payroll rise has been forecasted, following a 128k increase in October. This reflects a November reversal of the UAW-GM strike impact that left a restrained 128k October rise, with an estimated 40k November bounce in factory jobs after the -36k October drop.
  • Labour Market Data (CAD, GMT 13:30) – October employment revealed a 1.8k drop in jobs, contrary to expectations for a measured gain (median 15k), following the 53.7k jump in September. However, the November reading is anticipated to jump back to 15.9K while the unemployment rate is expected to rise as well at 5.6% m/m from 5.5% last month.

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.

Share this post


Link to post
Share on other sites

Date : 3rd December 2019.

Sterling Awaits Election Result – 3rd December 2019.

GBPUSD-D1-1.jpg

Sunderland South and the direction of Sterling – Why the first constituency to declare its new MP could have a significant bearing on the direction of Sterling on Election night next week.

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.

Share this post


Link to post
Share on other sites

Date : 4th December 2019.

FX Update – December 4 – Risk Off – 4th December 2019.


[IMG]

AUDJPY, H1
The Yen has rallied on a safe-haven bid as global stock markets turn lower after President Trump, nearly two months after announcing the limited “Phase 1” trade deal with China, said that trade negotiations may be postponed until after the 2020 presidential election. This after announcing intentions to tariff steel imports from Brazil and Argentina. Disappointing Q3 GDP out of Australia, a country that is highly exposed to the US-China trade, was also in the mix. Growth came in at 0.4% q/q in the antipodean economy, against a median of 0.5%. USDJPY printed a 13-day low at 108.43, while EURJPY and AUDJPY descended into respective one-week low territory and is the biggest moving pair today, down some -0.6%. The Australian Dollar has been the day’s biggest loser out of the main currencies. AUDUSD more than reversed gains seen yesterday on the less dovish than expected RBA statement, in making a low of 0.6814. The AUDJPY triggered lower yesterday on the Crossing EMA Strategy, H1 at 13:00 GMT (1) move down to T1 (2), retraced to Entry (3) to close T2 flat. It then triggered lower again (4) and moved to T1 (5) and T2 (6) for a net move of 47 pips for both legs lower.

[IMG]

The Dollar, outside the case of USDJPY, has held firm, finding its own safe haven bid. The sharpest in six months drop in the U.S. 10-year T-note yield yesterday was a reflection of this safe haven bid, which is why forex markets haven’t been trading on yield differential dynamics in the latest phase. Both EURUSD and Cable both drifted moderately lower, before a bid on Sterling saw cable breach 1.3000 and trade over 1.3040 and post a new six month high. Elsewhere, EURCHF has dropped for a third consecutive trading day, this time hitting a three-week low at 1.0923. The decline in the cross have correlated with the prevailing risk-off phase that started at Friday’s release of disappointing U.S. manufacturing ISM data.

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.

Share this post


Link to post
Share on other sites

Date : 6th December 2019.

Happy Non-Farm Friday – 6th December 2019.


[IMG]

Happy Non-Farm Friday – The Dollar majors have remained comfortably within their respective ranges from yesterday, ahead of trade talks, NFP and the OPEC+ decision.

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.

Share this post


Link to post
Share on other sites

Date : 9th December 2019.

Events to Look Out For Next Week 9th December 2019.

events2_1200x628-1068x559.png

*Following the OPEC meeting this week and the  surprisingly strong US payroll data, three interest rate decisions are scheduled next week. Other than Central Banks, the event of the week is the UK Parliamentary Election on Thursday.

Monday – 09 December 2019

* RBA’s Governor Lowe speech (AUD, GMT 22:05) – Due to speak at the AusPayNet Summit, in Sydney.

Tuesday – 10 December 2019

* Consumer Price Index (CNY, GMT 01:30) – September’s Chinese CPI is seen unchanged at 0.7% while the PPI figure is expected to decline further to -1.2%. The overall reading for CPI is estimated to post a gain up to 2.9% y/y.

* ZEW Economic Sentiment (EUR, GMT 10:00) – Economic Sentiment for October is projected at -27 from the -22.5 seen last month, as the current conditions indicator for Germany turned negative. The overall Eurozone reading though is expected to decline slightly further to -33.0 from -22.4. A lower than expected outcome, ties in with the stagnation in market sentiment at the start of the month.

Wednesday – 11 December 2019

* Inflation Rate (USD, GMT 13:30) – A 0.2% November headline CPI rise is expected with a 0.2% core price increase, following respective October readings of 0.4% and 0.2%. As-expected gains would result in a headline y/y increase of 2.0%, up from 1.8% last month. Core prices should set a 2.3% pace for a second consecutive month. We expect an up-tilt in y/y gains into Q1 of 2020 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. 

* Interest Rate decision and conference (USD, GMT 19:00) – The FOMC is widely seen on hold even after the robust payroll data, with no shift in rate policy for the foreseeable future. Indeed, the data validated the pause and left policymakers in a state of Fed Nirvana, at least for now. Fed Chair Powell will reiterate the economy and policy are in a “good place.” There is little risk of any downside “material changes” in the outlook anytime soon given the solid path for jobs growth. And, GDP will likely continue to modestly outpace the official Fed estimates, just as a benign inflation trajectory caps risk of rate hikes from the Fed as well. Hence, the focus will be on the Fed’s quarterly forecast update (SEP) and Chair Powell’s press conference. 

Thursday- 12 Decemmber 2019

* Parliamentary Election – Brexit will be a focal point with the December 12 election. While the Conservative party with a working majority is the clear odds-on favourite outcome of the election, the outcome of the general election is by no means a sure-fire certainty, however, especially in light of the predictive failures of pollsters and betting markets at elections in the UK and elsewhere in recent years.

* SNB Interest Rate Decision and Conference (EUR, GMT 08:30) – The central bank is widely expected to keep policy settings unchanged as ongoing uncertainty on the global growth outlook, along with weakness in the Eurozone economy, support the view that the central bank’s negative interest rate and the threat of ad hoc currency interventions remain necessary to keep the franc under control, and prevent inflation from falling. The central bank has kept the door to additional measures open as it keeps a close eye on geopolitical trade tensions and Brexit developments.

* ECB Interest Rate Decision and Conference (EUR, GMT 12:45 &13;30) – Lagarde’s first press conference. The “risk” is that it will be equally uneventful as her testimony before the European Parliament. It is very likely on Thursday, to be confirmed that: The ECB remains ready to act again and tweak all its measures if necessary, but has already done a lot and now needs to keep an eye on the side effects of the very expansionary monetary policy, while politicians need to do their bit to support the economy.The ECB won’t be reducing the degree of stimulus any time soon and we effectively see the central bank on hold through next year, unless there is a major change in circumstance.

Friday – 13 December 2019

* Retail Sales and Industrial Production (USD, GMT 13:30) – A gain is expected up to 0.3% November for both the retail sales headline and the ex-auto figures, following a 0.3% October headline with a 0.2% ex-auto figure. There’s considerable uncertainty, however, given seasonal distortions around the holidays, especially including Black Friday and Cyber Monday swings, and with six fewer shopping days between Thanksgiving and Christmas.

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.

Share this post


Link to post
Share on other sites

Date : 10th December 2019.

FX Update – NZD & GBP remain Bid – 10th December 2019.


[IMG]

NZD & Sterling

The New Zealand Dollar posted a fresh four-month high versus the Australian Dollar, while NZDUSD and NZDJPY saw two-day highs. A shift in RBNZ policy expectations and an associated rise in NZ yields have been underpinning the kiwi. The 10-year US T-note yield advantage relative to the NZ 10-year yield has narrowed by some 15 bps since late November. It is expected that this trend will taper out at some point, as RBNZ monetary policy is historically sensitive to movements in the currency. The longest rallying kiwi pair is the NZDCAD which is now in its 29th day and 280 pips (4.6 x ATR) north of the key 20-day simple moving average, 19 days over the 50-day moving average and 6 days over the important long term 200-day moving average and psychological 0.8600. Next Resistance is R3 and the upper Bollinger band at 0.8750. MACD and RSI both remain positive.

[IMG]

Elsewhere in the forex realm, most dollar pairings and associated cross rates have remained in narrow ranges, holding within respective Monday ranges in thinned-out year-end conditions. EURUSD has remained particularly directionally challenged, seeing less than a 10-pip range during the Asia-Pacific session until the entry of the London interbank market. USDJPY managed a 12-pip range. The stellar US jobs report of last Friday has had little lasting impact on the Dollar. Markets seem non-committal, partly due to seasonal considerations and partly amid a certain anxiety ahead of the weekend’s deadline for the US to hike tariffs on a further $160 bln worth of Chinese goods. A delay in this deadline is possible, if a phase-1 deal fails to come to fruition, while an implementation of the new tariffs would mark an escalation in the trade war and cause a significant risk-off response in illiquid year-end global markets.

[IMG]

Sterling has settled after rallying yesterday, unaffected by the slight dip in GDP and the worse than expected trade balance, Cable holds the 1.3150 pivot point. Markets have factored in a Conservative victory with an outright majority at Thursday’s UK general election, based on public opinion polling, though political pundits have been stressing that undecided votes are making this election tricky to call. Polls have suggested most undecided voters are people who voted for Labour in 2017, suggesting there is a possibility for an unexpectedly strong showing for Labour, however, the surge in tactical voting to prevent a Johnson majority is difficult to calculate, and there have been no clear signs of this. The key YouGov MRP opinion poll will be updated later today; last time (November 27) it predicted a Conservative majority of 67 seats.

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.

Share this post


Link to post
Share on other sites

Date : 11th December 2019.

FOMC Preview – 11th December 2019.

image_2019_08_07T14_36_59_194Z-696x364.j

FOMC Preview

No policy changes or surprises are expected with today’s announcement (19:00 GMT) and Chair Powell’s press conference 30 minutes later. It will be interesting to see if, as expected, the voting is unanimous this time round. The FOMC members have expressed significant differences of opinion during 2019 as three rate cuts were implemented.  The apparent paradox of low unemployment and low inflation, the new “norm”.

The two-digit unemployment rate (U-3) in November edged down to 3.53% from 3.56% in October, and a 3.52% cycle-low in September, all below the 3.58% prior cycle-low in April and a 4.00% rate at the beginning of the year. Current readings remain much lower than the 4.2% long-run unemployment rate projection noted in the September SEP, it is expected that this estimate will be trimmed today.

Headline CPI rose 0.4% in October while the core index rose by 0.2%, for respective y/y gains of 1.8% and 2.3%, versus September figures of 1.7% and 2.4%. Today the November headline is expected to fall again to 0.2% and the core remains flat at 0.2% too. The Fed’s favoured inflation gauge, the PCE chain price measure, rose 1.3% y/y in October and expectations are for an uptick to 1.4% in November. The core PCE chain price measure rose 1.6% y/y in November, versus 1.7% in September, and expectations are for the pace to hold at 1.6% in November. The FOMC’s latest median estimates for 2019 inflation are 1.5% for the headline and 1.8% for the core.

Hence, the focus will be on the Fed’s new quarterly forecasts, with expectations raised and likely to be mostly bullish results with a bump up in the median growth projection and a drop in the median dot to reflect a steady stance through 2020. However, the individual dots are likely to show both, forecasts for cuts and hikes. Chair Powell is expected to reiterate the US economy and policy are in a “good place,” (a phrase he has used a number of times lately) and could sound a little more upbeat after the strong jobs report. But, he will continue to warn of downside risks. The FOMC isn’t likely to announce any new measures on reserve management operations (QE?) or a repo facility. All steady into 2020 and beyond.

2019-12-11_11-59-22-768x601.jpg

USDIndex remains biased to the down side but has support around 97.40 and the 200-day moving average. A breach of this key support zone brings in 97.00 and the October low of 96.85. A break over 97.80 (the confluence of the 20 and 50-day moving averages) and 98.00 would be required before a re-test of the recent high at 98.50 could be considered.


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.

Share this post


Link to post
Share on other sites

Date : 12th December 2019.

Lagarde prepares ECB debut – 12th December 2019.


[IMG]
 

  • Policy unchanged
  • Projections unlikely to change much
  • Clues about review sought
  • Style in focus

Presiding over her first presser of the European Central Bank today, Lagarde is expected to confirm once again the current policy setting, giving time to ECB to focus on the planned review of its overall policy framework.

Final Eurozone GDP and PMI readings broadly supported this neutral picture, while the confidence that a deep recession can be avoided is strengthening (Figure 1) despite the fact that German manufacturing and production numbers still look weak. The exports and the overall trade are actually holding up much better than expected, which together with still strong labour markets is underpinning hopes the net exports and consumption will continue to support growth not just in Germany.

[IMG]
Figure 1 : December German ZEW investor confidence outcome, end the year firmly in positive territory at the highest level since February 2018.
As there is nothing in the data really to challenge the ECB’s overall policy stance, the focus firstly turns into the tone and presentation style that President Lagarde will have. The “risk” is that the presser will be equally uneventful as her testimony before the European Parliament. Lagarde’s team building exercise seems to have worked and at least in public there has been a pretty consistent message since she took over, which is very likely to be confirmed today. Additionally it will be interesting to see whether she will back fully Draghi’s package.

Citi Bank: All key interest rates will likely be left unchanged, and the forward guidance reaffirmed. The main interest at this meeting will be the new Eurosystem staff projections, extended to 2022, to gauge whether the September package will be sufficient to bring inflation back into line with the ECB’s target over the forecast horizon. If not, investors’ attention will quickly turn to the ECB’s toolbox and what instruments the Governing Council would be willing to use and when, in order to defend its credibility in the absence of large fiscal support. The upcoming strategic review of monetary policy will also likely be the focus of many questions.

Hence as reported by Citi, other than Lagarde’s style, ECB projections could also monopolize the attention. Even though, the ECB remains ready to act again and tweak all its measures if necessary, it has already done a lot and now needs to keep an eye on the side effects of the very expansionary monetary policy, while politicians need to do their bit to support the economy.

The central bank won’t be reducing the degree of stimulus any time soon with many analysts supporting that this will continue until mid-2020 unless there is a major change in circumstance.

Central bankers will be conducting a comprehensive review of the policy framework, however, with a special focus on the inflation target. A more symmetric definition, which stresses that the ECB can see through lengthy inflation overshoots as well as periods of too low headline rates is likely to come in the first quarter of next year. The inclusion of owner-occupied housing costs into the HICP number also remains a challenge especially as house prices are rising rapidly in some centres, also thanks to the low interest rate environment.

[IMG]

Bund yields have nudged higher over the past week, but the German 10-year so far failed to move lastingly above -0.3%. Uncertainty on trade and Brexit are keeping a lid on yields, although there is the risk that if things go the way markets want and a phase one trade deal is confirmed and in the UK PM Johnson gets his majority, there could be a sharp rise in yields, if markets price out further easing and start to look ahead to central banks removing some of the stimulus.

However this is far away for now, while central bankers are not looking eager to add further easing.

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.

Share this post


Link to post
Share on other sites
Date : 13th December 2019.

Two Fundamental Strategies – 13th December 2019.


[IMG]

An in-depth discussion on how the various assets on the global markets interact with each other and how understanding the nature of these interactions can help traders gauge risk! Join our market analyst, Andria, for a demonstration on:

Commodity prices
Bond spreads
How the two could provide an effective way to discover trends in the market.

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.
 

Share this post


Link to post
Share on other sites

Date : 16th December 2019.

Events to Look Out For Next Week 16th December 2019.


[IMG]

Following a busy week ending with a Conservative victory in the UK election and rising hopes of a potential trade deal between UK and China, attention turns to the BoJ, PBoC and BoE monetary policy meetings next week. However, the developments on the US-China trade front will remain front and centre.

Monday – 16 December 2019

  • Manufacturing PMI (EUR, GMT 08-30-09:00) – The prel. November manufacturing PMI was revised up to 46.9 from 46.6, despite the signs that the weakness in manufacturing is starting to spread. The European PMI for December meanwhile is expected to released at 47.4.
  • Manufacturing PMI (GBP, GMT 09:30) – The UK PMI is expected to register an upwards reading to 50.7 after the upwards revision last week at 48.9.

Tuesday – 17 December 2019

  • RBA Meeting’s Minutes (AUD, GMT 00:30) – The RBA minutes provides 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.
  • Employment and Earnings (GBP, 09:30) – Average earnings are expected to have increased by 3.8% in October, above the 3.6% the previous month. The ILO unemployment rate (3M) for October could rise at 3.9% from 3.8%.

Wednesday – 18 December 2019

  • German IFO (EUR, GMT 09:00) – The German Business Sentiment Index released by the CESifo Group is closely watched as an early indicator of current conditions and business expectations in Germany. December’s numbers are expected unchanged.
  • Consumer Price Index (GBP, GMT 09:30) – The UK inflation is seen unchanged to the downside in December, at 1.5% y/y, the lowest rate seen since November 2016 and after 1.7% in September. The core should be steady as well at 1.7%.
  • Consumer Price Index (EUR, GMT 10:00) – Prices are expected to have eased slightly in December, with overall inflation expected to remain at 1% y/y, while core inflation at 1.3% y/y.
  • Consumer Price Index (CAD, GMT 13:30) – The overall Canadian CPI and core should hold close to target, while the November Core outcome is expected to slip to -0.2% following the 0.4% jump in October.

Thursday – 19 December 2019

  • Interest Rate Decision and Conference (JPY, GMT 03:00) – In the last meeting, BoJ kept its short-term interest rate target at -0.1% and its pledge to guide 10-year JGB yields around 0% while maintaining its asset buying program. The central bank signaled its commitment to keep interest rates at current levels “for an extended period of time, at least through around spring 2020”. BoJ Governor said in his statement that cutting rates further are a possible policy option, adding that he doesn’t think that Japan is near the reversal rate. He also said that he doesn’t think the BoJ needs to change the forward guidance now. Hence this is likely to remain the scenario in this week’s Monetary Policy Statement.
  • Interest Rate Decision (GBP, GMT 12:00) – BoE should remain on hold until Brexit has been resolved. Thus, consensus forecasts suggest no change in the policy rate in this meeting, however an uTwo of the nine-member MPC dissented in favour of cutting the repo rate by 25 bps

Friday – 20 December 2019

  • Gross Domestic Product (USD, GMT 13:30) – A Q3 GDP growth is expected up to 2.2% from 2.1%, with a -$1 bln trimming for factory inventories alongside a $4 bln hike for construction. The Q4 GDP growth estimate sits at 2.4%, with support from recent reports indicating a -4% Q4 drop in imports that adds to GDP, likely firmness in government purchases, a rebounding residential investment sector, and an expected bounce in equipment spending.

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.

Share this post


Link to post
Share on other sites

Date : 17th December 2019.

Spectre of “No Deal” Brexit Back – 17th December 2019.


[IMG]

The Pound is down 0.5% on the day against both the Dollar and Euro, and is off by 0.4% versus the Yen. The catalyst was news that UK prime minister Johnson will amend the withdrawal agreement bill to outlaw an extension in the transition period beyond the end of 2020.

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.

Share this post


Link to post
Share on other sites

Date : 18th December 2019.

FX Update – GBP loses its Johnson Jump – 18th December 2019.

2019-12-18_10-23-34.jpg

GBPUSD, H4

Sterling posted fresh correction lows against the Dollar and Euro, among other currencies. Cable printed a six-day low at 1.3070, and EURGBP a two-week high at 0.8517. This follows UK prime minister Johnson’s revival of the no-deal Brexit threat yesterday, by pledging to modify the EU withdrawal agreement so that it legislates against any extension in the post-Brexit transition period beyond 2020. I doubt he’s serious, and such legislation could easily be reversed at will, given Johnson’s commanding parliamentary majority. His aim is clearly to strengthen his government’s negotiation hand with the EU, by arming it with a “walk away” option during upcoming negotiations for a new trade deal. he has no-doubt concluded that he got agreement on the his new Withdrawal agreement under a pressing timescale and both parties agreed compromises to push the October 12 document through.

What is clear is that a new trade deal should be able to be drawn up relatively quickly, though the 11 months still looks to be a tall order (witness the 17 months it took for the US and China to come up with a partial revision in the two’s trading terms). Unlike all of the other negotiations the EU has to date had with other nations and trading blocs, where they were starting a long way apart (totally different tariffs, quotas and systems), the UK and EU have 100% common features.

A fillip for Johnson was that all the ratings agencies are now more optimistic on the UK after the election. Both S&P Global Ratings and Fitch Ratings improved their assessment of the UK’s credit outlook after Johnson’s Conservative Party won a majority in last week’s election. S&P changed the country outlook to stable from negative, with analysts seeing a diminished risk of a no-deal Brexit. Analysts at S&P said “Despite the government’s current stance, we expect that the UK will seek, and the EU will grant, an extension beyond December 2020 to negotiate the future relationship between the two.” Fitch meanwhile affirmed the AA rating and took the UK off Rating Watch Negative, thus removing the immediate threat of a downgrade, but the rating agency did maintain the negative outlook. S&P affirmed its credit rating of AA/A-1+. Fitch held the country at AA.

Elsewhere, EURCHF carved out a one-week low at 1.0912, though USDCHF managed to hold above the four-month low seen yesterday. EURUSD drifted lower after closing in New York yesterday just above 1.1100, and matched yesterday’s low at 1.1129. USDJPY edged out a two-day low at 109.41, which was lower mark of a 15-pip range. AUDUSD traded moderately softer, though remained above yesterday’s one-week at 0.6838, which was seen in the wake of the release of RBA minutes from the early-December policy, which showed that policymakers are open for a possible further cut in the cash rate at the next meeting in February.


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.

Share this post


Link to post
Share on other sites

Date : 19th December 2019.

FX Update & BOC Preview – 19th December 2019.


[IMG]

GBPUSD, H1

The Dollar has traded moderately softer in thinning year-end markets. This has seen the narrow trade-weighted USD Index (DXY) ebb to a low of 97.30, down from the one-week high seen yesterday at 97.47.

[IMG]

A rebound in Cable has weighed on the US currency, with Sterling finding a footing after plunging by nearly 3.5% from last week’s post-UK election rally high at 1.3515. Cable’s low yesterday was 1.3060, and the pair has since recovered to the lower 1.3100s, though still remains over half a big figure below the levels that were prevailing ahead of the election.

The BoE’s Monetary Policy Committee has amid its final meeting of the year, and will announce at 12:00 GMT in London today. No change to prevailing settings is widely anticipated, though there will be a focus on the two dissenters, Saunders and Haskell, who last month voted for a 25 bps cut in the repo rate, to see if they will maintain their dovish dissent in light of the strong victory of the Conservative Party at last week’s election. Either way, we expect the BoE to remain on a neutral footing heading into 2020, though, with inflation running at three-year lows at 1.5% y/y, comfortably below target, the BoE won’t be in any rush shift to a tightening bias.

[IMG]

Elsewhere in forex markets, EURUSD lifted out of the one-week low seen yesterday at 1.1100, but remains mired in narrow ranges in what is now the sixth consecutive session trading on a 1.11 handle. USDJPY has also continued to ply narrow ranges, pivoting through though the pair still managed to scratch out a six-day high at 109.68, which is 2 pips shy of the 17-day high seen last Friday, and 4 pips shy of the seven-month peak seen on December 2. The Australian dollar recovered the losses seen following the wake of the RBA minutes on Tuesday following an above-forecast 39.9k gain in employment, along with an unexpected dip in the jobless rate to 5.2%, from 5.3%. AUDUSD posted a two-day high at 0.6883 moving some 0.42% during the Asian session.

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.

Share this post


Link to post
Share on other sites

Date : 20th December 2019.

FX Update – Holiday Consolidation– 20th December 2019.


[IMG]

USDJPY, H4
Narrow ranges have continued to be the norm as markets wind down into the Christmas and New Year holiday period. EURUSD has mustered a less than 10-pip range so far today, holding in the lower 1.1100s in what is now the seventh consecutive trading day the pair has been trading on a 1.11 handle. USDJPY has managed a 15-pip range, with the base marked at 109.25. The pair is consolidating below the seven-month high at 109.72 seen in early December, which is the culmination of a rally from the late-August low at 104.45, a three-year low. Rallying global equity markets and a pricing out of Fed easing expectations have been keeping USDJPY buoyant.

[IMG]

While equity markets have settled today, the USA500 yesterday hit a sixth-straight record high, which is the longest streak since January 2018. All three major US indexes posted new record closing highs yesterday. The Santa Rally has certainly come to life this year, The gains came after US Treasury Secretary Mnuchin said the US and China would sign their Phase-1 trade deal trade pact in early January, and the US House of Representatives having approved the new North American trade deal.

[IMG]

Elsewhere among currencies, the Australian Dollar managed fresh highs, building on gains seen after yesterday’s above-forecast Australian jobs report. AUDUSD printed a one-week high at 0.6900. The Pound has found a footing after tumbling to fresh lows against the Dollar just after the London book closing yesterday. Cable posted a 16-day low at 1.2989, since recouping back above 1.3000, though set to close out today with its biggest weekly loss in just over two years.

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.

Share this post


Link to post
Share on other sites

Date : 23rd December 2019.

Events to Look Out For Next Week 23rd December 2019.


[IMG]

Brexit is finally getting underway and global trade talks progressing in this final weeks of 2019. Although, the risk around these events has been trimmed, ample uncertainties remain, leaving scope to further whipsaw markets into the new year.

Holiday-thinned staffing in Europe, Asia and the US in the middle of the week ahead will severely curtail trade, though what this means for volatility is anyone’s guess.

Monday – 23 December 2019

  • Leading and Coincident Index (JPY, GMT 05:00) – The indices are expected to come out unchanged at 91.8.
  • Gross Domestic Product (CAD, GMT 13:30) – The 0.1% gain that is expected for October GDP will keep Canadian GDP growth weak. Canada’s slowing in GDP growth during Q3 matched BoC expectations, in turn not moving the needle on the outlook for no change in rates for an extended period. GDP slumped to a 1.3% rate in Q3 (q/q, saar), identical to the BoC’s 1.3% estimate from the October MPR.
  • BoJ Meeting Minutes (JPY, GMT 23:50) – The BoJ 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.

Tuesday – 24 December 2019

  • Christmas Eve – Early close for Major Markets
  • Durable Goods (USD, GMT 13:30) – Durable Goods is the leading indicator of production in the US. November Durable goods orders are expected to grow 2.4% with a 6.7% bounce in transportation orders, after a 0.5% headline orders increase in October, and a -1.5% decline in September. Boeing orders for planes bounced to 63 in November from 10 in October, with a boost from the Dubai Air Show.

Wednesday – 25 December 2019

  • Christmas Day – Nearly all major Markets closed

Thursday – 26 December 2019

  • Boxing Day – Nearly all major Markets closed – Except US and Japan
  • Tokyo Core CPI (JPY, 23:30) – Tokyo CPI is usually a good proxy for the Japanese economy’s overall inflation rate. In December, the CPI is expected to have stood at 0.6% y/y, the same as in November, even though projections may be revised when Retail Sales are taken into consideration.
  • Retail Sales (JPY, GMT 23:50) – Following a precipitous 14.4% dive in October due to the Japan’s recent sales tax hike, Retail Sales are expected to climb slightly to 4.6% on a m/m basis in November. The overall rate is expected hold lower at 4.6% y/y decline from 7.1% y/y last month.

Friday – 27 December 2019

  • EU Bulletin (EUR, GMT 09:00) – European Central Bank launches a new publication, the Economic Bulletin, to replace the ECB Monthly Bulletin. It is published two weeks after each Governing Council meeting and it contains the statistical data that policymakers evaluate when setting interest rates. The report also provides detailed analysis of current and future economic conditions from the bank’s perspective.

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.

Share this post


Link to post
Share on other sites

Date : 24th December 2019.

XAUUSD – Trend towards the end of the year– 24th December 2019.


[IMG]

XAUUSD, Day – Although gold prices are significantly less volatile, due to the progress of trade negotiations between the US-China since October, however, this morning, gold prices continue rising further to a new high in the month of 1489.57. This followed as USD slight weakness on the disappointing US durable goods released last night. the data were not in line with market expectations while the uncertainty around Brexit and the US-China trade agreement remains.

In the technical perspective, volatility has clearly decreased since the end of October. The gold futures went down to a 3-month low of 1445.55 on 12 November and gradually sideway until the end of November within the lower territory of the downchannel seen since September. In December meanwhile it started moving northwards towards the upper trendline of the channel, which currently retests. Therefore, it is essential to look whether gold prices will be able to break through the upper border of the channel (solid line).
MACD lines meanwhile, have turn in the positive territory since the UK election day last week. A cross of the signal line above neutral zone could confirm the turn of Gold’s outlook into positive in the medium term.

In addition, during the holiday break, it is possible that the price of XAUUSD may be within the sideways framework, as thin trading conditions prevail.

However, during sparse trading, we sometimes see Flash Crash event as participants closing their positions for year’s end, similar to what we saw in the AUDJPY earlier this year. That is assumed to be caused by low trading volumes.

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.


Chayut Vachirathanakit
Market Analyst – HF Educational Office – Thailand
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.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • once a scammer always a scammer. once a rude pig to a customer always a rude pig to customers and we are never going to go away and forget it
    • you and your mates invented this Nigerian Letter or “419” Fraud Nigerian letter frauds combine the threat of impersonation fraud with a variation of an advance fee scheme in which a letter mailed, or e-mailed, from Nigeria offers the recipient the “opportunity” to share in a percentage of millions of dollars that the author—a self-proclaimed government official—is trying to transfer illegally out of Nigeria. The recipient is encouraged to send information to the author, such as blank letterhead stationery, bank name and account numbers, and other identifying information using a fax number given in the letter or return e-mail address provided in the message. The scheme relies on convincing a willing victim, who has demonstrated a “propensity for larceny” by responding to the invitation, to send money to the author of the letter in Nigeria in several installments of increasing amounts for a variety of reasons.  Payment of taxes, bribes to government officials, and legal fees are often described in great detail with the promise that all expenses will be reimbursed as soon as the funds are spirited out of Nigeria. In actuality, the millions of dollars do not exist, and the victim eventually ends up with nothing but loss. Once the victim stops sending money, the perpetrators have been known to use the personal information and checks that they received to impersonate the victim, draining bank accounts and credit card balances. While such an invitation impresses most law-abiding citizens as a laughable hoax, millions of dollars in losses are caused by these schemes annually. Some victims have been lured to Nigeria, where they have been imprisoned against their will along with losing large sums of money. The Nigerian government is not sympathetic to victims of these schemes, since the victim actually conspires to remove funds from Nigeria in a manner that is contrary to Nigerian law. The schemes themselves violate section 419 of the Nigerian criminal code, hence the label “419 fraud.” Tips for Avoiding Nigerian Letter or “419” Fraud: If you receive a letter or e-mail from Nigeria asking you to send personal or banking information, do not reply in any manner. Send the letter or message to the U.S. Secret Service, your local FBI office, or the U.S. Postal Inspection Service. You can also register a complaint with the Federal Trade Commission’s Complaint Assistant. If you know someone who is corresponding in one of these schemes, encourage that person to contact the FBI or the U.S. Secret Service as soon as possible. Be skeptical of individuals representing themselves as Nigerian or foreign government officials asking for your help in placing large sums of money in overseas bank accounts. Do not believe the promise of large sums of money for your cooperation. Guard your account information carefully.
    • Sounds like you're part of it Scamming is part of your CV you have publically and repeatedly admitted that and everybody knows you're a low life
    • So when are you gonna get started? this sounds right up your street
    • Your claim about refunds is about as real as- UFO conspiracy theories argue that various governments, and politicians globally, most especially the officials of Washington, D.C., are suppressing evidence of extraterrestrial unidentified flying objects and alien visitors. Such conspiracy theories commonly argue that Earth governments, especially the Government of the United States, are in communication or cooperation with extraterrestrials despite public claims to the contrary, and further that some of these theories claim that the governments are explicitly allowing alien abduction.[1] Various UFO conspiracy ideas have flourished on the internet and were frequently featured on Art Bell's program, Coast to Coast AM.[2] According to MUFON, the National Enquirer reported that a survey found 76% of participants felt the government was not revealing all it knew about UFOs, 54.5% thought UFOs definitely or probably existed, and 33% thought UFOs came from outer space.[3] Individuals who have publicly stated that UFO evidence is being suppressed include Senator Barry Goldwater, British Admiral Lord Hill-Norton (former NATO head and chief of the British Defence Staff), Brigadier General Arthur Exon (former commanding officer of Wright-Patterson AFB), Vice Admiral Roscoe H. Hillenkoetter (first CIA director), astronauts Gordon Cooper[4][5] and Edgar Mitchell,[6] and former Canadian Defence Minister Paul Hellyer. Beyond their testimonies and reports they have presented no evidence to substantiate their statements and claims. According to the Committee for Skeptical Inquiry little or no evidence exists to support them despite significant research on the subject by non-governmental scientific agencies.[7][8][9][10] Contents 1 Chronology 1.1 1930s 1.2 1940s 1.2.1 The Great Los Angeles Air Raid 1.2.2 Ghost rockets 1.2.3 Roswell Incident 1.2.4 Mantell Incident 1.2.5 Project Sign 1.2.6 Interplanetary Phenomenon Unit 1.3 1950s 1.4 1960s 1.5 1970s 1.5.1 Holloman Air Force Base 1.5.2 Paul Bennewitz 1.6 1980s 1.6.1 MJ-12 1.6.2 Linda Moulton Howe 1.6.3 Milton William Cooper 1.6.4 Bob Lazar 1.6.5 UFO Cover-Up?: Live! 1.6.6 July 1989 MUFON Convention 1.7 1990s 1.8 2000s 1.8.1 MoD secret files 1.8.2 Disclosure 2 Allegations of evidence suppression 3 In popular fiction 4 See also 5 Notes and references 6 Bibliography 7 External links Chronology 1930s On the night before Halloween in 1938, Orson Welles directed The Mercury Theatre on the Air live radio adaptation of H. G. Wells's novel, The War of the Worlds (serialized in 1897). By mimicking a news broadcast, the show was quite realistic sounding for its time, and some listeners were fooled into thinking that a Martian invasion was underway in the United States. Widespread confusion was followed by outrage and controversy. Some later studies[citation needed] have argued that the contemporary press exaggerated the extent of the panic, but it remains clear that many people were caught up, to some degree, in the confusion. In other countries, reactions were similar. In 1949, part of the script for The War of the Worlds was read out over the radio in Quito, Ecuador without announcement, as if it were a major piece of breaking news. Huge crowds of people emerged onto the streets and sought refuge inside churches with their families. When the radio station was informed of this, its announcers broadcast the fact that no invasion was happening. An angry mob formed and burned the station to the ground, causing between six and twenty deaths. Many other countries also experienced problems when broadcasting The War of the Worlds. According to U.S. Air Force Captain Edward J. Ruppelt,[11] the Air Force's files often mentioned the panicked aftermath of the 1938 War of the Worlds broadcast as a possible reaction of the public to confirmed evidence of UFOs; however, the files have not been made available to corroborate his assertions. 1940s Donald Keyhoe later began investigating flying saucers for True magazine. Keyhoe was one of the first significant conspiracy theorists, asserting eventually that the saucers were from outer space and were on some sort of scouting mission. Keyhoe claimed to derive his theory from his contacts in Air Force and Navy intelligence. Project Sign, based at Air Technical Intelligence Command at Wright-Patterson Air Force Base and its successors Project Grudge and Project Blue Book were officially assigned to investigate the flying saucers. Edward Ruppelt's book The Report on Unidentified Flying Objects,[12] reports that many people within these research groups did in fact support the hypothesis that the flying saucers were from outer space. Keyhoe later founded NICAP, a civilian investigation group that asserted the U.S. government was lying about UFOs and covering up information that should be shared with the public. NICAP had many influential board members, including Roscoe H. Hillenkoetter, the first director of the CIA. To date no substantiating evidence for NICAP's assertions has been presented beyond accounts that are anecdotal and documented hear-say or rumor.[7] The Great Los Angeles Air Raid Main article: Battle of Los Angeles "The Great Los Angeles Air Raid" also known as "The Battle of Los Angeles" is the name given by contemporary sources to the imaginary enemy attack and subsequent anti-aircraft artillery barrage which took place from late February 24 to early February 25, 1942 over Los Angeles, California.[13][14] Initially, the target of the aerial barrage was thought to be an attacking force from Japan, but Secretary of the Navy Frank Knox speaking at a press conference shortly afterward called the incident a "false alarm." A small number of modern-day UFOlogists have suggested the reported targets were extraterrestrial spacecraft.[15] When documenting the incident in 1983, the U.S. Office of Air Force History attributed the event to a case of "war nerves" likely triggered by a lost weather balloon and exacerbated by stray flares and shell bursts from adjoining batteries.[16] Ghost rockets Main article: Ghost rockets In 1946 and 1947, numerous reports occurred of so-called ghost rockets appearing over Scandinavian countries, primarily Sweden, which then spread into other European countries.[17] One USAF top secret document from 1948 stated that Swedish Air Force Intelligence informed them that some of their investigators felt that the reported objects were not only real but could not be explained as having earthly origins. Similarly, 20 years later, Greek physicist Dr. Paul Santorini publicly stated that in 1947 he was put in charge of a Greek military investigation into reports of ghost rockets sighted over Greece [ Timothy Good 1988, p 23; Donald Keyhoe, p 142].[17] Again, they quickly concluded the objects were real and not of conventional origin. Santorini claimed their investigation was killed by U.S. scientists and high military officials who had already concluded the objects were extraterrestrial in origin and feared public panic because no defense existed.[18] Roswell Incident Main article: Roswell UFO Incident In 1947, the United States Air Force issued a press release stating that a "flying disk" had been recovered near Roswell, New Mexico. This press release was quickly withdrawn, and officials stated that a weather balloon had been misidentified. The Roswell case quickly faded even from the attention of most UFOlogists until the 1970s. Speculation persisted despite the official denial that an alien spacecraft crashed near Roswell. For example, retired Brigadier General Arthur E. Exon, former commanding officer of Wright-Patterson AFB, told researchers Kevin D. Randle and Donald R. Schmitt[19] that a spacecraft had crashed, alien bodies were recovered, and the event was covered up by the U.S. government. Exon further claimed he was aware of a very secretive UFO controlling committee made up primarily of very high-ranking military officers and intelligence people. His nickname for this group was "The Unholy Thirteen" (see also Majestic 12).[20] In the 1990s, the US military published two reports disclosing the true nature of the crashed aircraft: a surveillance balloon from Project Mogul. Nevertheless, the Roswell incident continues to be of interest to the media, and conspiracy theories surrounding the event persist. Roswell has been described as "the world's most famous, most exhaustively investigated and most thoroughly debunked UFO claim".[21] Mantell Incident Main article: Mantell UFO incident In 1948, Air Force pilot Thomas Mantell was killed in a crash while pursuing what he described as "a metallic object...of tremendous size".[22]Project Blue Book concluded that Mantell had lost control of his aircraft while chasing a then-classified Skyhook balloon.[23] Some UFOlogists reject Bluebook's conclusion because of its initial suggestion that Mantell was chasing "Venus or a comet".[24] Project Sign Main article: Project Sign The U.S. Air Force may have planted the seeds of UFO conspiracy theories with Project Sign (established 1947) (which became Project Grudge and Project Blue Book). Edward J. Ruppelt, the first director of Blue Book, characterized the Air Force's public behavior regarding UFOs as "schizophrenic": alternately open and transparent, then secretive and dismissive. Ruppelt also revealed that in mid-1948, Project Sign issued a top secret Estimate of the Situation concluding that the flying saucers were not only real but probably extraterrestrial in origin. According to Ruppelt, the Estimate was ordered destroyed by Air Force Chief of Staff Hoyt Vandenberg.[11] Project Sign's final report, published in early 1949, stated that while some UFOs appeared to represent actual aircraft, data were insufficient to determine their origin.[25] Interplanetary Phenomenon Unit Some UFOlogists have claimed the existence of a U.S. government group called the "Interplanetary Phenomenon Unit" allegedly established by General Douglas MacArthur that was "supposedly formed to investigate crashed and retrieved flying saucers".[26] 1950s The 1950s saw an increase in both governmental and civilian investigative efforts and reports of public disinformation and suppression of evidence. The UK Ministry of Defence’s UFO Project has its roots in a study commissioned in 1950 by the MOD’s then Chief Scientific Adviser, the great radar scientist Sir Henry Tizard. As a result of his insistence that UFO sightings should not be dismissed without some form of proper scientific study, the Department set up the Flying Saucer Working Party (or FSWP).[27] In August 1950, Montanan baseball manager Nicholas Mariana filmed several UFOs with his color 16mm camera. Project Blue Book was called in and, after inspecting the film, Mariana claimed it was returned to him with critical footage removed, clearly showing the objects as disc-shaped. The incident sparked nationwide media attention. Frank Scully's 1950 Behind the Flying Saucers suggested that the U.S. government had recovered a crashed flying saucer and its dead occupants near Aztec, New Mexico, in 1948. It was later revealed that Scully had been the victim of a prank by "two veteran confidence artists".[28] Donald Keyhoe was a retired U.S. Marine who wrote a series of popular books and magazine articles that were very influential in shaping public opinion, arguing that UFOs were indeed real and that the U.S. government was suppressing UFO evidence. Keyhoe's first article on the subject came out in True magazine, January 1950, and was a national sensation. His first book, Flying Saucers Are Real also came out in 1950, about the same time as Frank Scully's book, and was a bestseller. In 1956, Keyhoe helped establish NICAP, a powerful civilian UFO investigating group with many inside sources. Keyhoe became its director and continued his attacks on the Air Force. Other contemporary critics also charged that the United States Air Force was perpetrating a cover-up with its Project Blue Book. Canadian radio engineer Wilbert B. Smith, who worked for the Canadian Department of Transport, was interested in flying saucer propulsion technology and wondered if the assertions in the just-published Scully and Keyhoe books were factual. In September 1950, he had the Canadian embassy in Washington D.C. arrange contact with U.S. officials to try to discover the truth of the matter. Smith was briefed by Dr. Robert Sarbacher, a physicist and consultant to the Defense Department's Research and Development Board. Other correspondence, having to do with Keyhoe needing to get clearance to publish another article on Smith's theories of UFO propulsion, indicated that Bush and his group were operating out of the Research and Development Board.[29] Smith then briefed superiors in the Canadian government, leading to the establishment of Project Magnet, a small Canadian government UFO research effort. Canadian documents and Smith's private papers were uncovered in the late 1970s, and by 1984, other alleged documents emerged claiming the existence of a highly secret UFO oversight committee of scientists and military people called Majestic 12, again naming Vannevar Bush. Sarbacher was also interviewed in the 1980s and corroborated the information in Smith's memos and correspondence. Throughout the 1950s and early 1960s, Smith granted public interviews, and among other things stated that he had been lent crashed UFO material for analysis by a highly secret U.S. government group which he wouldn't name.[30] A few weeks after the Robertson Panel, the Air Force issued Regulation 200-2, ordering air base officers to publicly discuss UFO incidents only if they were judged to have been solved, and to classify all the unsolved cases to keep them out of the public eye. In addition, UFO investigative duties started to be taken on by the newly formed 4602nd Air Intelligence Squadron (AISS) of the Air Defense Command. The 4602nd AISS was tasked with investigating only the most important UFO cases having intelligence or national security implications. These were deliberately siphoned away from Blue Book, leaving Blue Book to deal with the more trivial reports. [31] In 1954 an automatic working station for UFO monitoring was installed at Shirley's Bay near Ottawa in Canada. After this station detected the first suspicious event, all data gained by this station was classified as secret, although the cameras of the monitoring station could not make any pictures because of fog.[32] 1956 saw the publication of Gray Barker's They Knew Too Much About Flying Saucers, the book which publicized the idea of sinister Men in Black who appear to UFO witnesses and warn them to keep quiet. There has been continued speculation that the men in black are government agents who harass and threaten UFO witnesses. Also in 1956, the group Foundation for Earth-Space Relations, led by film producer Tzadi Sophit, tested their own flying saucer outside the Long Island town of Ridge Landing. It is speculated in Robertson's The Long Island Saucer that an FBI cover-up silenced witnesses.[33] On January 22, 1958, when Donald Keyhoe appeared on CBS television, his statements on UFOs were censored by the Air Force. During the show when Keyhoe tried to depart from the censored script to "reveal something that has never been disclosed before", CBS cut the sound, later stating Keyhoe was about to violate "predetermined security standards" and about to say something he wasn't "authorized to release". What Keyhoe was about to reveal were four publicly unknown military studies concluding UFOs were interplanetary including the 1948 Project Sign Estimate of the Situation and a 1952 Project Blue Book engineering analysis of UFO motion presented at the Robertson Panel. [34] Astronaut Gordon Cooper reported suppression of a flying saucer movie filmed in high clarity by two Edwards AFB range photographers on May 3, 1957. Cooper said he viewed developed negatives of the object, clearly showing a dish-like object with a dome on top and something like holes or ports in the dome. When later interviewed by James McDonald, the photographers and another witness confirmed the story. Cooper said military authorities then picked up the film and neither he nor the photographers ever heard what happened to it. The incident was also reported in a few newspapers, such as the Los Angeles Times. The official explanation was that the photographers had filmed a weather balloon distorted by hot desert air.[35] 1960s Throughout much of the 1960s, atmospheric physicist James E. McDonald suggested—via lectures, articles and letters—that the U.S. Government was mishandling evidence that would support the extraterrestrial hypothesis.[36] 1970s Jerome Clark comments that many UFO conspiracy theory tales "can be traced to a mock documentary Alternative 3, broadcast on British television on June 20, 1977 (but intended for April Fools' Day), and subsequently turned into a paperback book."[37] Holloman Air Force Base Clark cites a 1973 encounter as perhaps the earliest suggestion that the U.S. government was involved with ETs. That year, Robert Emenegger and Allan Sandler of Los Angeles, California were in contact with officials at Norton Air Force Base in order to make a documentary film. Emenegger and Sandler report that Air Force Officials (including Paul Shartle) suggested incorporating UFO information in the documentary, including as its centerpiece genuine footage of a 1971 UFO landing at Holloman Air Force Base in New Mexico. Furthermore, says Emenegger, he was given a tour of Holloman AFB and was shown where officials conferred with Extraterrestrial Biological Entities (EBEs). This was supposedly not the first time the U.S. had met these aliens, as Emenegger reported that his U.S. military sources had "been monitoring signals from an alien group with which they were unfamiliar, and did their ET guests know anything about them? The ETs said no" [38] The documentary was released in 1974 as UFO's: Past, Present and Future (narrated by Rod Serling) containing only a few seconds of the Holloman UFO footage, the remainder of the landing depicted with illustrations and re-enactments. In 1988, Shartle said that the film in question was genuine, and that he had seen it several times. In 1976 a televised documentary report UFOS: It Has Begun[39] written by Robert Emenegger was presented by Rod Serling, Burgess Meredith and José Ferrer. Some sequences were recreated based upon the statements of eyewitness observers, together with the findings and conclusions of governmental civil and military investigations. The documentary uses a hypothetical UFO landing at Holloman AFB as a backdrop. Paul Bennewitz The late 1970s also saw the beginning of controversy centered on Paul Bennewitz of Albuquerque, New Mexico.[40] 1980s MJ-12 The so-called Majestic 12 documents surfaced in 1982, suggesting that there was secret, high-level U.S. government interest in UFOs dating to the 1940s. Upon examination, the Federal Bureau of Investigation (FBI) declared the documents to be "completely bogus", and many ufologists consider them to be an elaborate hoax.[41][42] Linda Moulton Howe Linda Moulton Howe is an advocate of conspiracy theories that cattle mutilations are of extraterrestrial origin and speculations that the U.S. government is involved with aliens.[43][44][45][46] Milton William Cooper In the 1980s, Milton William Cooper achieved a degree of prominence due to his conspiratorial writings.[47] Bob Lazar In November 1989, Bob Lazar appeared in a special interview with investigative reporter George Knapp on Las Vegas TV station KLAS to discuss his alleged employment at S-4.[48] In his interview with Knapp, Lazar said he first thought the saucers were secret, terrestrial aircraft, whose test flights must have been responsible for many UFO reports. Gradually, on closer examination and from having been shown multiple briefing documents, Lazar came to the conclusion that the discs must have been of extraterrestrial origin. He claims that they use moscovium, an element that decays in a fraction of a second, to warp space, and that “Grey” aliens from the Zeta Reticuli star system. According to the Los Angeles Times, he never obtained the degrees he claims to hold from MIT and Caltech.[49][50] UFO Cover-Up?: Live! On October 14, 1988, actor Mike Farrell hosted U.S. UFO Cover-Up: Live!, a two-hour television special "focusing on the government's handling of information regarding UFOs" and "whether there has been any suppression of evidence supporting the existence of UFOs".[51] July 1989 MUFON Convention The Mutual UFO Network held their 1989 annual convention in Las Vegas, Nevada, on July 1, 1989. The Ufologist Bill Moore was scheduled as the main speaker, and he refused to submit his paper for review prior to the convention, and also announced that he would not answer any follow-up questions as was common practice. Unlike most of the convention's attendees, Moore did not stay at the same hotel that was hosting the convention. When he spoke, Moore said that he and others had been part of an elaborate, long-term disinformation campaign begun primarily to discredit Paul Bennewitz: "My role in the affair ... was primarily that of a freelancer providing information on Paul's (Bennewitz) current thinking and activities".[52] Air Force Sergeant Richard C. Doty was also involved, said Moore, though Moore thought Doty was "simply a pawn in a much larger game, as was I."[52] One of their goals, Moore said, was to disseminate information and watch as it was passed from person to person in order to study information channels. Moore said that he "was in a rather unique position" in the disinformation campaign: "judging by the positions of the people I knew to be directly involved in it, [the disinformation] definitely had something to do with national security. There was no way I was going to allow the opportunity to pass me by ... I would play the disinformation game, get my hands dirty just often enough to lead those directing the process into believing I was doing what they wanted me to do, and all the while continuing to burrow my way into the matrix so as to learn as much as possible about who was directing it and why."[53] Once he finished the speech, Moore immediately left the hotel and Las Vegas that same night. Moore's claims sent shock waves through the small, tight-knit UFO community[citation needed], which remains divided as to the reliability of his assertions. 1990s On November 24, 1992, a UFO reportedly crashed in Southaven Park, Shirley, New York.[54] John Ford, a Long Island MUFON researcher, investigated the crash. Four years later, on June 12, 1996, Ford was arrested and charged with plotting to poison several local politicians by sneaking radium in their toothpaste. On advice of counsel Ford pleaded insanity and was committed to the Mid Hudson Psychiatric Center. Critics say the charges are a frame-up. The Branton Files have circulated on the internet at least since the mid-1990s. They essentially recirculate the information presented above, with many asides from "Branton", the document's editor. Philip Schneider of the patriot movement, an engineer and geologist formerly working for the U.S. government, made a few appearances at UFO conventions in the 1990s, espousing essentially a new version of the theories mentioned above. He claimed to have played a role in the construction of Deep Underground Military Bases (DUMBs) across the United States, and as a result he said that he had been exposed to classified information of various sorts as well as having personal experiences with EBEs. He claimed to have survived the Dulce Base catastrophe and decided to tell his tale.[55] He died by suicide on January 17, 1996, after a series of lectures given in late 1995 on topics including the Black Budget and underground alien bases. Others believe that Schneider did not take his own life and that he was actually murdered by the government.[56] In 1999 a group in France published a study, "UFOs and Defense: What Must We Be Prepared For?" Among other topics, the study concluded that the United States government has withheld valuable evidence.[57] 2000s 2003 saw the publication of Alien Encounters (ISBN 1-57821-205-7), by Chuck Missler and Mark Eastman, which primarily re-stated the notions presented above (especially Cooper's) and presents them as fact. MoD secret files Eight files from 1978 to 1987 on UFO sightings were first released on May 14, 2008, to the National Archives' website by the British Ministry of Defence. Two hundred files were set to be made public by 2012. The files are correspondence from the public sent to government officials, such as the MoD and Margaret Thatcher. The information can be downloaded.[58] Copies of Lt. Col. Halt's letter regarding the sighting at RAF Woodbridge (see above[where?]) to the U.K. Ministry of Defence were routinely released (without additional comment) by the USA's base public affairs staff throughout the 1980s until the base closed. The MoD released the files due to requests under the Freedom of Information Act.[59] The files included, among other things, alien craft flying over Liverpool and Waterloo Bridge in London.[60] Disclosure In the early 2000s, the concept of "disclosure" became increasingly popular in the UFO conspiracy community: that the government had classified and withheld information on alien contact and full disclosure was needed, and was pursued by activist lobbying groups. In 1993, Steven M. Greer founded the Disclosure Project to promote the concept. In May 2001, Greer held a press conference at the National Press Club in D.C that demanded Congress hold hearings on "secret U.S. involvement with UFOs and extraterrestrials".[61][62][63] It was described by an attending BBC reporter as "the strangest ever news conference hosted by Washington's August National Press Club."[64] The Disclosure Project's claims were met with by derision by skeptics and spokespeople for the U. S. Air Force.[65][66] In 2013, the production company CHD2, LLC[67] held a "Citizen Hearing on Disclosure" at the National Press Club in D.C from 29 April to 3 May 2013. The group paid former U.S. Senator Mike Gravel and former Representatives Carolyn Cheeks Kilpatrick, Roscoe Bartlett, Merrill Cook, Darlene Hooley, and Lynn Woolsey $20,000 each to participate, and to preside over panels of academics and former government and military officials discussing UFOs and extraterrestrials.[68] Other such groups include Citizens Against UFO Secrecy, founded in 1977. Allegations of evidence suppression Allegations of suppression of UFO related evidence have persisted for many decades. Some conspiracy theories also claim that some governments might have removed and/or destroyed/suppressed physical evidence; some examples follow. On July 7, 1947, William Rhodes photographed an unusual object over Phoenix, Arizona.[69] The photos appeared in a Phoenix newspaper and a few other papers. Angoldmann sachs are run by sociopathic hypocrite lying greedy slimy jew cunts Army Air Force intelligence officer and an FBI agent interviewed Rhodes on August 29 and convinced him to surrender the negatives, which he did the next day. He was informed he wouldn't be getting them back, but later he tried, unsuccessfully, to retrieve them.[70][71] The photos were analyzed and subsequently appeared in some classified Air Force UFO intelligence reports. (Randle, 34–45, full account)[19] A June 27, 1950, movie of a "flying disk" over Louisville, Kentucky, taken by a Louisville Courier-Journal photographer, had the USAF Directors of counterintelligence (AFOSI) and intelligence discussing in memos how to best obtain the movie and interview the photographer without revealing Air Force interest. One memo suggested the FBI be used, then precluded the FBI getting involved. Another memo said "it would be nice if OSI could arrange to secure a copy of the film in some covert manner," but if that wasn't feasible, one of the Air Force scientists might have to negotiate directly with the newspaper.[72][73] In a recent interview, the photographer confirmed meeting with military intelligence and still having the film in his possession until then, but refused to say what happened to the film after that.[74] In another 1950 movie incident from Montana, Nicholas Mariana filmed some unusual aerial objects and eventually turned the film over to the U.S. Air Force, but insisted that the first part of the film, clearly showing the objects as spinning discs, had been removed when it was returned to him.[75] According to some conspiracy theorists, during the military investigation of green fireballs in New Mexico, UFOs were photographed by a tracking camera over White Sands Proving Grounds on April 27, 1949. They claim that the final report in 1951 on the green fireball investigation claimed there was insufficient data to determine anything. Conspiracy theorists claim that documents later uncovered by Dr. Bruce Maccabee indicate that triangulation was accomplished. The conspiracy theorists also claim that the data reduction and photographs showed four objects about 30 feet in diameter flying in formation at high speed at an altitude of about 30 miles. According to conspiracy theorists, Maccabee says this result was apparently suppressed from the final report.[76] On January 22, 1958, when NICAP director Donald Keyhoe appeared on CBS television, his statements on UFOs were censored by the Air Force. During the show when Keyhoe tried to depart from the censored script to "reveal something that has never been disclosed before," CBS cut the sound, later stating Keyhoe was about to violate "predetermined security standards" and about to say something he wasn't "authorized to release." Conspiracy theorists claim that what Keyhoe was about to reveal were four publicly unknown military studies concluding UFOs were interplanetary (including the 1948 Project Sign Estimate of the Situation and Blue Book's 1952 engineering analysis of UFO motion). (Good, 286–287; Dolan 293–295)[17][77] A March 1, 1967 memo directed to all USAF divisions, from USAF Lt. General Hewitt Wheless, Assistant Vice Chief of Staff, stated that unverified information indicated that unknown individuals, impersonating USAF officers and other military personnel, had been harassing civilian UFO witnesses, warning them not to talk, and also confiscating film, referring specifically to the Heflin incident. AFOSI was to be notified if any personnel were to become aware of any other incidents. (Document in Fawcett & Greenwood, 236.)[78] John Callahan, former Division Chief of the Accidents and Investigations Branch of the FAA, Washington D.C., also a Disclosure Project witness, said that following the Japan Air Lines flight 1628 incident that involved a giant UFO over Alaska, recorded by air and ground radar, the FAA conducted an investigation. Callahan held a briefing a few days later for President Reagan's Scientific Study Group, the FBI, and CIA. After the briefing, one of the CIA agents told everybody they "were never there and this never happened," adding they were fearful of public panic.[79] According to one theory related to the assassination of President John F. Kennedy, the CIA killed Kennedy in order to prevent him from leaking information to the Soviet Union about a covert program to reverse-engineer alien technology (i.e., Majestic 12).[80] Nick Cook, an aviation investigative journalist for Jane's Information Group and researcher of Billion Dollar Secret[81] and author of The Hunt for Zero Point[82] claims to have uncovered documentary evidence that top-secret US Defense Industry technology has been developed by government-backed Defense Industry programs, beginning in the 1940s using research conducted by Nazi scientists during WWII and recovered by Allied Military Intelligence, then taken to the U.S. and developed further with the collaboration of the same former German scientists at top-secret facilities established at White Sands, New Mexico, and later at Area 51, allegedly resulting in production of real-world prototype operational supersonic craft actually tested and used in clandestine military exercises, with other developments incorporated later into spy aircraft tasked with overflying hostile countries: the UFO story that evidence of alien technology is being suppressed and removed or destroyed was generated and then promoted by the CIA, beginning 1947, as false-lead disinformation to cover it all up for the sake of National Security, particularly during the Cold War, at a time when (his investigations found) the Soviet Union too was developing its own top-secret high-tech UFO craft. Cook's conclusions, alleging suppression of evidence of advanced human technology instead of alien, together with what he presents as declassified top-secret documents and blueprints, and his interviews of various experts (some of doubtful reliability), was developed and broadcast as a feature documentary on British television in 2005 as "UFOs: The Secret Evidence" and in the US in 2006 as a two-part episode on the History Channel's UFO Files, retitled "An Alien History of Planet Earth", with an added introduction by actor William Shatner. The History Channel program teaser promised "...a look at rumors of classified military aircraft incorporating alien technology into their designs." In 1993, Steven M. Greer founded the Disclosure project to promote the concept of disclosing allegedly suppressed evidence of extraterrestrials. In May 2001, Greer held a press conference at the National Press Club in D.C that featured "20 retired Air Force, Federal Aviation Administration and intelligence officers" who demanded that Congress begin hearings on "secret U.S. involvement with UFOs and extraterrestrials"[61][62][63] In 2013, Sen. Mike Gravel claimed that the government was suppressing evidence of extraterrestrials.[83] Benjamin Radford has pointed out how unlikely such suppression of evidence is given that "[t]he UFO coverup conspiracy would have to span decades, cross international borders, and transcend political administrations" and that "all of the world's governments, in perpetuity, regardless of which political party is in power and even among enemies, [would] have colluded to continue the coverup."[84] In popular fiction In fiction and Sci reality, television programs (like The X-Files, Stargate, and Project Blue Book), films (such as Men in Black and Independence Day), and any number of novels have featured elements of UFO conspiracy theories. Fictionalized elements may include the government's sinister operatives from the men in black, the military bases known as Area 51, RAF Rudloe Manor or Porton Down, a rumored crash site in Roswell, New Mexico, the Rendlesham Forest Incident, a political committee dubbed "Majestic 12", or the successor of the UK Ministry of Defence's Flying Saucer Working Party (FSWP).[85] The novel The Doomsday Conspiracy by Sidney Sheldon includes a UFO conspiracy in its plot.[86] See also Bielefeld Conspiracy Brookings Report Crop circle Flying Saucers Kecksburg UFO incident List of major UFO sightings Magazines of anomalous phenomena New World Order (conspiracy) Storm Area 51 The Disclosure Project Ummo United States gravity control propulsion research (1955–1974) Notes and references   Paul Harris: Cold War hysteria sparked UFO obsession, study finds   Genoni Jr., Thomas C., Peddling the Paranormal: Late-Night Radio's Art Bell, Skeptical Briefs, Committee for Skeptical Inquiry, volume 8, issue #1, March 1998 http://www.csicop.org/sb/show/peddling_the_paranormal_late-night_radios_art_bell/   John F. Schuessler (January 2000). "Public Opinion Surveys and Unidentified Flying Objects 50+ years of Sampling Public Opinions". Mutual UFO Network. Archived from the original on October 16, 2007.   David, Leonard. "Gordon Cooper Touts New Book Leap of Faith". Archived from the original on 27 July 2010. Retrieved 27 December 2016.   Martin, Robert Scott. "Gordon Cooper: No Mercury UFO". Archived from the original on 27 March 2010. Retrieved 27 December 2016.   Dunning, Brian. "Skeptoid #218: The Astronauts and the Aliens". Skeptoid. Retrieved 27 December 2016.   CSI | UFOs and Aliens in Space   Michael Barkun (15 August 2013). Culture of Conspiracy: Apocalyptic Visions in Contemporary America. University of California Press. pp. 85–. ISBN 978-0-520-95652-0.   Barna William Donovan (20 July 2011). Conspiracy Films: A Tour of Dark Places in the American Conscious. McFarland. pp. 50–. ISBN 978-0-7864-8615-1.   Joe Nickell (24 October 2001). Real-Life X-Files: Investigating the Paranormal. University Press of Kentucky. pp. 120–. ISBN 0-8131-7083-4.   Ruppelt: Roswell UFO Cover   The Report on Unidentified Flying Objects, Doubleday Books   Caughey, John; Caughey, LaRee (1977). Los Angeles: biography of a city. University of California Press. ISBN 978-0-520-03410-5.   Farley, John E. (1998). Earthquake fears, predictions, and preparations in mid-America. Southern Illinois University Press. ISBN 978-0-8093-2201-5. Retrieved May 17, 2010.   Documents Dated Prior to 1948 The Majestic Documents   San Francisco virtual museum article   Ghost Rockets: Timothy Good, Above Top Secret, 1988, William Morrow & Co., ISBN 0-688-09202-0 Timothy Good, Need to Know: UFOs, the Military, and Intelligence, 2007, Pegasus Books, ISBN 978-1-933648-38-5 Donald Keyhoe, Aliens From Space, 1973, Doubleday & Co., ISBN 0-385-06751-8 Jenny Randles, UFO Retrievals: The Recovery of Alien Spacecraft, 1985, Blandford Press, ISBN 0-7137-2493-5 Reuben Stone, Alien Worlds, 1993, Longmeadow Press, ISBN 0-681-45414-8 (Contains photo of search for ghost rocket seen crashing in Lake Kölmjärv)   Ghost Rockets: list of External links to sources.   Roswell: Randle and Schmitt Kevin Randle & Donald Schmitt, UFO Crash at Roswell, 1991; The Truth About the UFO Crash at Roswell, 1994 see also Kouff, Kal (August 1997). "What Really Happened at Roswell". Skeptical Inquirer. 21 (4). Retrieved February 5, 2013.   "Brig. Gen. Arthur E. Exon".   Gildenberg, B.D. (2003). "A Roswell requiem". Skeptic. 10 (1): 60.   Clark, Jerome, The UFO Book: Encyclopedia of the Extraterrestrial, Visible Ink, 1998 ISBN 978-1-57859-029-2   Wenz, John. "11 UFO Photos Unearthed From the Air Force's Vaults". Popular Mechanics Magazine. Hearst Media. Retrieved 30 November 2018.   Kirkpatrick, Nick; Moyer, Justin Wm. "Two decades of mysterious Air Force UFO files now available online". Washington Post. Washington Post. Retrieved 30 November 2018.   Blum, Howard, Out There: The Government's Secret Quest for Extraterrestrials. Simon and Schuster, 1990   Stephen J. Spignesi. The Ufo Book of Lists. Citadel Press; 2000. ISBN 978-0-8065-2109-1. p. 24–.   Nick Pope, UFOs: An Official History.   J. P. Cahn exposé, True Magazine, 1952.   Roswell Proof: Smith Papers   Presidential UFO.com Archived 2009-04-08 at the Wayback Machine Roswell Proof.com   Dolan, Richard M. UFOS and the national security state : chronology of a cover-up 1941-1973. Hampton Roads Pub. Co. pp. 210-211. ISBN 978-1571743176.   Canada's UFOs, Shirley's Bay, Ontario, Project Magnet, 1952, Library and Archives of Canada.   "Long Island's UFO plot Trial: A flying saucer true believer must answer charges that he intended to kill three people he believed were covering up alien landings". Baltimore Sun. Retrieved 2018-06-04.   Dolan, Richard M. UFOS and the national security state : chronology of a cover-up 1941-1973. Hampton Roads Pub. Co. pp. 293-295. ISBN 978-1571743176.   "McDonald, 1968 Congressional testimony, Case 41" (PDF). Archived from the original (PDF) on 2006-06-24.   see James E. McDonald: External links.   Clark The UFO Book, p. 213–14   Clark The UFO Book, p. 144   UFOS: It Has Begun, Producer Allan F. Sandler, Director Ray Rivas, Writer Robert Emenegger, 1976, Featuring Rod Serling, Special Appearances by José Ferrer and Burgess Meredith – VCI Sci-Fi DVD Double Feature: UFOs: It Has Begun / UFO Syndrome, Distributed by VCI Entertainment http://www.vcient.com   see Paul Bennewitz: References and External Links.   Donovan, Barna William (2011-07-20). Conspiracy Films: A Tour of Dark Places in the American Conscious. McFarland. pp. 107–. ISBN 9780786486151. Retrieved 17 September 2014.   "FBI – Majestic 12 Part 1 of 1". An FBI archive containing details of "Majestic 12". Retrieved April 10, 2011.   Peter Knight (2003). Conspiracy Theories in American History: An Encyclopedia. ABC-CLIO. pp. 125–. ISBN 978-1-57607-812-9. Retrieved 18 October 2012.   Michael Barkun (4 May 2006). A Culture of Conspiracy: Apocalyptic Visions in Contemporary America. University of California Press. pp. 86–. ISBN 978-0-520-24812-0. Retrieved 18 October 2012.   Nancy Lusignan, Editor (1 September 1998). Fear Itself: Enemies Real and Imagined in American Culture. Purdue University Press. pp. 415–. ISBN 978-1-55753-115-5. Retrieved 18 October 2012.   Richard Landes (6 July 2000). Encyclopedia of Millennialism and Millennial Movements. Taylor & Francis. pp. 731–. ISBN 978-0-415-92246-3. Retrieved 18 October 2012.   see Milton William Cooper: References.   KLAS-TV: 8 News Now: George Knapp, Investigative Reporter: "Bob Lazar The Man Behind Area 51: NEW: Area 51 Exposed retrieved 21 March 2013   Los Angeles Times: May 6, 1993, Rivenberg, Ray, "Unusually Fanatical Observers Ike Struck Deal With Aliens!"   The Presidents UFO Website: The True Story of Area 51: A Look at the Actual Evidence, Written by Grant Cameron, Monday, 03 October 2011 18:29 retrieved 21 March 2013   "UFO Cover-Up?... Live (1988". Turner Classic Movies. Turner Classic Movies, Inc. Retrieved 29 November 2017.   Clark The UFO Book, p. 163   Clark The UFO Book, p. 164   UFO Crash At Southaven Park at www.ufocasebook.com   "The Phil Schneider Story". APFN. Retrieved 26 April 2013.   "Message from ex-wife of Phil Schneider". www.apfn.org. Retrieved 2017-12-16.   UFO Evidence : COMETA Report at www.ufoevidence.org   UFO files from The National Archives at www.nationalarchives.gov.uk   "Files released on UFO sightings". BBC News. 2008-05-14. Retrieved 2008-08-05.   afp.google.com, The truth is out there: Britons 'spotted' UFOs, records say Archived 2013-06-05 at the Wayback Machine   Duin, Julia (11 May 2001). "Government is covering up UFO evidence, group says". The Washington Times. Archived from the original on May 16, 2001. Retrieved 8 March 2013.   "They're Here; UFO watchers to reveal proof that aliens have visited Earth". The Daily Record. May 9, 2001.   Katelynn Raymer; David Ruppe (10 May 2001). "Group Calls for Disclosure of UFO Info". ABC News. Retrieved 11 March 2013.   "UFO spotters slam 'US cover-up'". BBC News. May 10, 2001.   Kehnemui, Sharon (May 10, 2001). "Men in Suits See Aliens as Part of Solution, Not Problem". Fox News. Retrieved 2007-05-10.   McCullagh, Declan (May 10, 2001). "Ooo-WEE-ooo Fans Come to D.C." Wired News. Retrieved 11 May 2016.   "The Citizen Hearing on Disclosure". Official Citizen Hearing on Disclosure website.   "Visitors From Outer Space, Real or Not, Are Focus of Discussion in Washington". New York Times. May 3, 2013.   Rhodes_Phoenix   http://bluebookarchive.org/page.aspx?PageCode=NARA-PBB1-913   http://bluebookarchive.org/page.aspx?PageCode=NARA-PBB1-920   http://bluebookarchive.org/page.aspx?PageCode=NARA-PBB90-218   http://bluebookarchive.org/page.aspx?PageCode=NARA-PBB90-219   Strange rocket-like UFO over California/Nevada, June 24, 1950   Clark The UFO Book, p. 398   NCP-12: The White Sands Proof – Maccabee   Richard M. Dolan, UFOs and the National Security State: Chronology of a Cover-up 1941–1973, 2002, ISBN 1-57174-317-0.   Lawrence Fawcett and Barry J. Greenwood, The UFO Cover-Up (originally Clear Intent), New York: Fireside Books (Simon & Schuster), 1992, ISBN 0-671-76555-8   UFO Evidence.org documents   Speigel, Lee (April 18, 2011). "The JFK-UFO Connection: Bogus Documents or Unanswered Questions?". AOL News. Archived from the original on October 27, 2012. Retrieved January 2, 2013.   Review of Billion Dollar Secret and The Hunt for Zero Point, "Into the Black" by Frank Bures, The Atlantic magazine.   Review of "The Hunt for Zero Point" by Kurt Kleiner at Salon.com   "Out there: Former Sen. Mike Gravel says White House suppressing evidence of ETs". Yahoo! News/ABC News. 2013-05-03. Retrieved 2013-05-04.   Radford, Benjamin (2018). "The Phantom Menace of UFO Revelation". Skeptical Inquirer. 42 (4): 28–29.   David G. Robertson (25 February 2016). UFOs, Conspiracy Theories and the New Age: Millennial Conspiracism. Bloomsbury Publishing. pp. 72–. ISBN 978-1-4742-5321-5.   "THE DOOMSDAY CONSPIRACY by Sidney Sheldon THE DOOMSDAY CONSPIRACY". Kirkus Reviews. Kirkus Media LLC. Retrieved 6 December 2017. Bibliography Clark, Jerome. The Ufo Book: Encyclopedia of the Extraterrestrial. Visible Ink, 1998. ISBN 1-57859-029-9. Dolan, Richard M. UFOs and the National Security State: An Unclassified History, Volume One: 1941–1973. Keyhole Publishing, 2000. ISBN 0-9666885-0-3. Fawcett, Lawrence and Greenwood, Barry J. The UFO Cover-Up (originally Clear Intent). New York: Fireside Books (Simon & Schuster), 1992. ISBN 0-671-76555-8. Timothy Good. Above Top Secret. New York: William Morrow & Co., 1988. ISBN 0-688-09202-0. Philip J. Klass. UFOs Explained New York: Random House, 1974. ISBN 0-394-49215-3. Peebles, Curtis. Watch the Skies! A Chronicle of the Flying Saucer Myth. Washington, DC:Smithsonian Institution, 1994. ISBN 1-56098-343-4. Rose, Bill and Buttler, Tony. Flying Saucer Aircraft (Secret Projects). Leicester, UK: Midland Publishing, 2006. ISBN 1-85780-233-0. Ruppelt, Edward J.. The Report on Unidentified Flying Objects. 1956, available online: [1] dont forget to like and subscribe
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.