HotForex - Forex Market Reviews

HotForex
FTSE 100 futures are slightly higher

Asian stock markets are narrowly mixed and fluctuating at high levels, as trading volumes are low and investors await the Fed decision...

HotForex
Markets have come quite a way up

Both central banks are widely expected to keep policy on hold, but the BoE’s statement in particular will be watched carefully...

HotForex
Dollar traded softer vs many currencies

European Outlook: Asian stock markets mostly moved higher in quiet trade, after Wall Street managed to close with slight gains...

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HotForex
Oil prices are holding above USD 49

Yesterday there was a relatively dovish view from the nonvoting president, Fed Bullard, who continues to twist between a hawkish...

HotForex
Dollar majors playing narrow ranges

EUR-USD held in the upper 1.18s, below the 31-month high logged midweek at 1.1910, and Cable settled in the mid 1.31s, consolidating the sharp losses...

HotForex
UK100 is at 0.62% gain for the day

UK preliminary Q2 GDP came on the nose at 0.3% q/q and 1.7% y/y, up from Q1’s 0.2% in the case of the q/q figure and down from Q1’s 2.0% y/y...


HotForex
The economic week ahead

Both the ECB and BoJ met expectations as each left policy unchanged last week, though the outlook for ECB remains under the dark cloud of future QE tapering...

HotForex
UK consumer finally falters EURGBP to rise

One year on from Brexit and I was wrong about a recession in the UK by the end of 2016. A little overreaction in my immediate...

HotForex
ASX tanked yesterday, oil bounced back

May existing home sales bounce to a 5.62 mln rate trimmed the April drop to 5.56 mln from a 5.70 mln cycle-high in March...

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HotForex
Timetable for Brexit talks agreed

Asian stock markets are mixed, with Japan outperforming and the Nikkei up more than 1%, after the SP 500 rose to a fresh...

HotForex
FOMC shocked the markets

Policymakers are still focusing on inflation and growth dynamics as their guides. But with the traditional Phillips Curve...

HotForex
Asian stock markets mostly moved higher

Nikkei and CSI remained marginally in the red, while Hang Seng and especially ASX...


FOMC said inflation will rise to 2% over the medium term

Asian stock markets mostly headed south ( Nikkei closed own -1.22% at 18, 914) ongoing concerns about am emerging global trade war, and as the dollar weakened after the Fed failed to signal a rate hike as early as March, which some expected after yesterday’s data round...

Asian markets were mixed overnight

US data reports: revealed modest shortfalls across the Q4 ECI data and the January figures for consumer confidence and Chicago PMI, though the shortfalls did nothing to change the outlook for GDP growth of 2.0% in Q1 after a 1.9% Q4 rise. A 0.5% Q4 U.S...

The selloff in equities continued in Asia overnight

The U.S. income report revealed a 0.3% December income rise after a small November boost that tracked assumptions, but a firm 0.5% consumption increase with a solid 0.3% real rise that modestly beat estimates...

HotForex
Politics will remain omnipresent near term

This week’s heavy data slate is loaded with key releases, headlined by Friday’s January nonfarm payroll report. Jobs are forecast rising 190k after the disappointing 156k December increase...

HotForex
Main Macro Events This Week

President Trump has his feet under the desk in the Oval office and the tone of his inaugural speech and actions over the weekend reiterated his campaign themes to Make America Great Again...

U.S. reports revealed a hefty 0.8% December industrial production

Asian stock markets traded mixed, with Japan and ASX moving higher, as Fed’s Yellen said she expects to hike rates few times a year through 2019 to 3% neutral rate...


Stock markets headed south in Asia overnight

Trump conducted a test of the intelligence community by having a meeting with those agencies without letting any of his staff know and news of that meeting was subsequently leaked, he said...

HotForex
The year is only a week old

Though the December U.S. jobs report was largely plain vanilla, it was good enough to support rising animal spirits. The surprise headliner of the report, however, was the 0.4% surge in earnings, which caught the markets attention...

US stocks had a quiet day

USD fell back again overnight. Canada, Australia, New Zealand and Hong Kong are all back from the extended Christmas holiday, but trading volumes are likely to remain thin for the rest of the week...


The US has a raft of data later including 3Q GDP Durable Goods

Asian stock markets headed mostly south overnight, following on from losses in Wall Street where the Dow is struggling to conquer the much watched 20000 mark. Japan failed to benefit from a weaker Yen and developers remained under pressure in Hong Kong...

BoE, SNB and Norges Bank Stay Put Amid Political Challenges In 2017

Asian stock markets moved mostly higher overnight, although while Chinese markets picked up stocks are still heading for a solid weekly drop...

FOMC Delivered on First and Last Hike of 2016

Asian stock markets mostly headed south, after the FED did the expected and hiked rates by 25 bp. Japanese markets outperform and the Nikkei closed with a slight gain as the Yen dropped while in Hong Kong property shares came under fresh pressure amid rising mortgage costs and punitive taxes...


The dollar majors have been treading a narrow path

Asian stock markets were narrowly mixed, with Japan outperforming (closed up 0.5% at 19,250) as the Yen fell ahead of the FOMC announcement. The ASX closed down, and Chinese bourses managed to claw back some of yesterday’s losses...

Global equities continue to charge

Global equities continue to charge ahead as the Trump reflation rally brings glad tidings and cheer to investors heading into the holidays. This week’s calendar is highlighted by the long-awaited December FOMC meeting, the last of 2016...

HotForex
Cash rates remain on hold at 1.5% as expected

Asian stock markets managed to move mostly higher, after gains in Europe and on Wall Street yesterday. The Italian MIB closed with slight losses Monday, but it seems investors quickly got over the widely expected rejection of Italy’s constitutional reform and Renzi resignation...


November services data will headline a thin economic slate

The ECB is the focus this week. The Bank not only has to deal with the immediate fallout from the Italian referendum, but most importantly, it will be deciding on the future of the QE program, which currently runs out in March...

Markets will remain nervous amid rising prospects

Markets will remain nervous amid rising prospects for a Fed rate hike later this year, and in the aftermath of the Sterling flash crash on Friday where GBP-USD dropped 6% and moved seven big handles, from 1.2623 to a low of 1.1841...

HotForex
The euro has remained bid

Asian stock markets are mixed, with Japanese bourses remaining underpinned by a weaker Yen, which is lifting exporters. Hong Kong stocks also extended their rally, in tandem with mainland Chinese markets, amid hopes that China’s economy is stabilising...


  


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