News of the day. Wednesday 18.11.2015

18 November, 2015

Today, the main suppliers of macroeconomic data are going to be Switzerland, Canada and the US. At 12:00 pm (GMT+2), November’s ZEW Survey Expectations is due in Switzerland that serves as an indicator of economic optimism and measures the ratio of optimists and pessimists in business community. The indicator has been growing or three months already and its further increase will strengthen the CHF against major counterparts.

The US releases its construction sector statistics for October at 3:30 pm. According to the forecasts, the number of Housing Starts will decline from 1.206M to 1.160M. At the same time, the number of Building Permits will grow from 1.105M to 1.150M that suggests improvements in the US construction sector in the next month as it takes time to start any construction work after a building permit has been issued. In general, the indicators are likely to counterbalance each other, thus, the USD will not be under significant pressure.

The most important news of the trading day is due at 8:00 pm, when FOMC Minutes are published. They will give account of the discussion process and shed light on the future US monetary policy, therefore, the volatility in the USD may be raised.

Japan releases its Trade Balance, Exports and Imports statistics on Thursday night, at 01:50 am. Analysts expect that, in annual terms, Exports will decline by 2.1% after a 0.6% growth in September. Imports will be down by 8.6%, while the indicator fell by 11.1% in the previous month. Thus, trade deficit will deepen and reach ¥292.0B. Negative statistics will strongly affect the Japanese currency.

The Bank of Japan publishes its interest rate decision at 05:00 am. The BoJ is unlikely to change its interest rate which has been kept at the level of 0.1% for several years.


Source link  
S&P500: Bearish sentiments are strong in the market

US stock indices went up on Wednesday after the release of the minutes of the US Fed meeting in January, which was devoted to the US monetary policy. Dow Jones Industrial Average rose by 1.6%, Nasdaq Composite - by 2.2%.

Weekly review for February 15-19, 2016

Past week was marked by a two-day speech of Janet Yellen, the head of the US Fed. Mrs. Yellen did not give a straightforward answer regarding the interest rate increase at the US Fed meeting in March...

XAU/USD: gold is growing on February 12, 2016

On Thursday, the price of gold strengthened by 4% and reached its year highs. The price has been growing amid an increase in demand for safe-haven assets, such as gold and the Yen...


Brent: oil reserves and oil prices have reduced

Yesterday, US Ministry of Energy announced about unexpected decline of oil and oil products reserves by 754 million barrels over the last week. Spot-price of crude oil Brent has grown over 31.80 USD per barrel...

Yen has broken down and consolidated below support level

Over the past 2 weeks the Yen has significantly strengthened its positions against the USD due to the increasing demand for the safe-haven currency. Mixed macro-economic data on the US economy has decreased a chance that the US Fed will tighten monetary policy...

EUR/USD has grown against the USD breaking down strong resistance level

The currency pair is traded at the strong level of 1.0960 –1.1060. In case of maintenance and testing of the level and respective confirmation (for example, a pattern Price Action), we recommend to open long positions. Stop order can be placed below the signal line...


EUR/USD review of the week: USD fell against the major currencies

Despite that fact that the data on Non-FarmPayRolls was below the forecast (151 000 against the forecast of 190 000 and 262 000 new jobs in December), the USD has grown against the major currencies. The rise was caused by the other data on the US labor market in January...

Brent: completion increases on February 05, 2016

While market participants are waiting for the release of NFPR (Non-Farm PayRolls), oil prices are gradually declining since the opening of the trading day and at the beginning of the European session...

Brent: will oil market swing back to pessimism?

API (American Petroleum Institute) report, released this Tuesday, showed that last week US oil stocks rose by 3.8 million barrels. Obviously, it was a bad news for oil prices, as heavy stocks of oil in the USA creates situation when supply outruns demand in the world market...

  


Share: