hotforex.com - market analysis and news.

Re: Hotforex.com - Market Analysis and News.

Date : 26th June 2019.

MACRO EVENTS & NEWS OF 26th June 2019.



FX News Today

* A less than dovish comment from Fed dove Bullard, with the Chairman Powell soothed a bit, and along with the usual trade uncertainty and US-Iran concerns, all combined with softer US data to take Wall Street and Treasury yields lower overnight.

* Hence in Asia session, the rally on bond markets run out of steam and stocks struggled as optimism on an immediate rate cut from the Fed and a breakthrough in US-Sino trade talk fades.

** Presidents Trump and Xi are likely to meet on Saturday, where they may agree to reopen trade talks.

* Source stories meanwhile suggest that the US is willing to suspend the next round of China tariffs if trade talks resume, but Trump and Xi Jinping are not expected to agree on a detailed trade deal at the G-20 meeting.

* Against that background stock markets struggled during the Asian session. Topix and Nikkei corrected -0.71% and -0.70% respectively

* The RBNZ kept rates at record lows, but said further cuts may be needed.

* The WTI future is trading at $59.10 per barrel amid US-Iran tensions.

* German consumer confidence deteriorates. It fell back to 9.8 in the advance July reading. This is the lowest number since April 2017.

Charts of the Day





* Main Macro Events Today

***Support and Resistance levels



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

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

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.



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.

Re: Hotforex.com - Market Analysis and News.

Date : 27th June 2019.

MACRO EVENTS & NEWS OF 27th June 2019.



FX News Today

* Treasuries were weaker Wednesday after a poorly subscribed 5-year auction, while aggressive Fed rate cut expectations continued to be priced out.

* Also other bond markets in Asia, which were under pressure as stocks moved higher.

** At the same time, President Trump threatened additional China tariffs if there is no agreement.

* Still, without a firm and formal agreement in place risks of set backs remain high, especially as US.-Iran tensions and in Europe no-deal Brexit scenarios provide a risky backdrop.

* European stock futures are moving higher in tandem with US futures after broad gains in Asia.

* WTI crude surged to 4-week highs on API data showing big US inventory drop.

** JPY down, Dollar bloc currencies up quite sharply on US-China optimism.

* GBP is underperforming again on persisting Brexit related demand-supply imbalance.

Charts of the Day





** AUDJPY has been the biggest mover, rising about 0.5% in printing a 16-day high at 75.62. The Yen weaken as markets opted for risk-on positioning ahead of the G20 summit. USDJPY posted an eight-day high at 108.13. This price action came as Chinese markets led broader gains across Asian stock markets, which propelled the MSCI Asia-Pacific index up by 0.6%. Meanwhile, as AUDJPY seems overbought outside from upper Bollinger Bands pattern, Some correction could be seen with immediate Support at 75.33. Resistance holds at 75.67 and 75.80.

Main Macro Events Today

***Support and Resistance levels



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

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

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.



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.

Re: Hotforex.com - Market Analysis and News.

Date : 28th June 2019.

MACRO EVENTS & NEWS OF 28th June 2019.



FX News Today

* Stock markets headed south during the Asian session.

** Trump repeated threats of more tariffs and with global equities still more than 5% higher on the month, the risk of disappointment is capping markets for now.

* If there are at least further negotiations and central banks remain on course to add more stimulus, it should be a constructive start to the second half of the year.
Topix and JP225 lost -0.25% and -0.50% respectively so far.

* US futures are trading narrowly mixed, with American lenders gaining overnight after announcing share buybacks in the wake of annual Fed stress tests.

* The WTI future is at $59.19 per barrel after seeing a high of $59.54 overnight.

* In Europe, peripheral markets are outperforming and Eurozone spreads narrowing as a sharp drop in German import price inflation at the start of the session added to pressure on the ECB to implement further easing.

* Eurozone stock futures are narrowly mixed.

Charts of the Day





**Main Macro Events Today

****Support and Resistance levels



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

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

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.



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.

Re: Hotforex.com - Market Analysis and News.

Date : 1st July 2019.

MACRO EVENTS & NEWS OF 24th June 2019.



* An important week is coming up as we will have an outcome of the well anticipated Trump-Xi meeting, while finally the 1st and 2nd of July will see OPEC+ members meet in Vienna. In addition, NFPs will be out on Friday and a broad range of PMIs and other early indicators are expected during the 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.


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.


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.

Re: Hotforex.com - Market Analysis and News.

Date : 2nd July 2019.

MACRO EVENTS & NEWS OF 2nd July 2019.



FX News Today

*** Stock markets already turned cautious again in Asian trade.

* US futures are marginally higher and the WTI future is trading at $59.13 per barrel.

* European stock futures are moving higher in tandem with US futures after a lacklustre session in Asia.

* Meanwhile weaker than expected German retail sales at the start of the session confirmed that the weakness in the manufacturing sector is spreading to the rest of the economy, which will keep the ECB on course for further easing.

* EU leaders will meet again to resume discussion on the next president of the European Commission and other top posts that will become vacant this year, including the ECB presidency.

Charts of the Day





** EURUSD faded to 7-session lows of 1.1275, down from the 1.1360 highs seen ahead of the NY open. Weaker European PMI data, along with more dovish ECBspeak, saw sentiment toward the Euro soured some. For the USD side of the equation, markets have toned down their Fed rate cut expectations, leaving the odds of a 50 bp cut in July a long shot. As a result, the Dollar has posted gains, helped by the trade truce agreed over the weekend. There are still likely to be further trade fireworks going forward, but as long as the US economy continues to outperform rivals, USD downside should be limited going forward.20-day moving average of 108.08, with Support at the overnight low of 107.55.

Main Macro Events Today

***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.


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.


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.

Re: Hotforex.com - Market Analysis and News.

Date : 3rd July 2019.

MACRO EVENTS & NEWS OF 3rd July 2019.



FX News Today

* Stock market sentiment turned cautious again during the Asian session.

* EU leaders formally nominate IMF head Lagarde to head the ECB and replace Mario Draghi. Lagarde, is clearly a much more dovish option in comparison to Weidmann, who has been the leader of the hawks on the council.

**** The private China services PMI slowed to a four month low in June, adding to signs that much of the damage has already been done.

* Nikkei and Hang Seng lost -0.72% and -0.26% respectively and the Shanghai Comp is down -0.86%.

* President Trump plans to nominate Christopher Waller and Judy Shelton to the Fed Board of Governors to fill the two vacancies.

* GER30 and UK100 futures are currently posting slight gains, underpinned also by easing hopes, while U.S. futures are in the red, after a largely weaker close in Asia.

Charts of the Day





* USDJPY has come under some pressure, dropping to 107.52. Modest risk-off conditions have weighed, while the sentiment boost seen after the US/China trade truce appears to have worn off, leaving the reality that it may well be quite some time before agreements are made, and tariffs come off. Until some progress is made, it appears USDJPY upside will be limited.

* XAUUSD rallied to 1437.68 high,, underpinned by easing hopes and by geopolitical trade tensions which clearly are far from over. AMid EU open Gold reversed slightly lower to 1421 area and it is currently consolidating above it. Support holds at 1421, 1413 and 1407.55. Resistance levels come at 1428.55, 1431.80 and 1440.

Main Macro Events Today

*****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.

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.



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.

Re: Hotforex.com - Market Analysis and News.

Date : 4th July 2019.

MACRO EVENTS & NEWS OF 4th July 2019.



FX News Today

*** US President Trump once again accused China and Eurozone of currency manipulation and stock markets turned more cautious during the Asian session amid lingering trade concerns and with trading volumes below average as investors wait for the key US jobs report on Friday.

* European stock futures are slightly higher, while US futures are marginally in the red.

* The WTI future is trading at $56.85 per barrel.

Charts of the Day





**Main Macro Events Today

**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.

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.


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.

Re: Hotforex.com - Market Analysis and News.

Date : 5th July 2019.

MACRO EVENTS & NEWS OF 5th July 2019.



FX News Today

** Hopes of further central bank easing have underpinned the latest rally in bonds and helped stock markets to move past lingering trade tensions.

** Topix and Nikkei are up 0.08% and 0.09% respectively, the Hang Seng lifted 0.12% and CSI 300 and Shanghai Comp 0.55% and 0.19%.

* Oil prices meanwhile are trading at $56.65, clearly below recent highs, despite ongoing tensions in the Middle East.

* Italian rates fall further as weaker than expected German manufacturing orders added to hopes for additional easing measures from the ECB.

* German manufacturing orders slumped -2.2 bp in the May reading, bringing the annual rate down to -8.6% y/y. Orders from within the Eurozone have now dropped for the second consecutive month while orders from outside the currency bloc fell back -5.7% m/m, after some strong months.

Charts of the Day





** GBPUSD found a footing after three straight down days, which yesterday culminated in a 15-day low at 1.2557. The pair has since taken root around 1.2575-90. EURGBP similarly came to a directional halt below the six-day high seen yesterday at 0.8990, which is just 2 pips short of the six-month peak that was seen last week.

Main Macro Events Today

***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.

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.



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.

Re: Hotforex.com - Market Analysis and News.

Date : 8th July 2019.

MACRO EVENTS & NEWS OF 8th June 2019.



* An interesting week is coming up, following a confirmation that the US and China will resume trade negotiations.Market attention is also honed in on central banks, as Fed Chair Powell testifies before Congress. In the UK, the focus turns to GDP.



*

*

****

*** Fed Chair Powell Testimony (USD, GMT 14:00)[B]

*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.

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.


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.

Re: Hotforex.com - Market Analysis and News.

Date : 9th July 2019.

MACRO EVENTS & NEWS OF 9th July 2019.



FX News Today

** Tech stocks were hit by a slump in Apple Inc. after a broker downgrade.

* Topix and Nikkei pared early gains in the course of the session and are currently down -0.22% and up 0.06% respectively.

* Central bank expectations remain a major force for stock market moves, amid lingering geopolitical trade tensions, which are far from over despite the restart of US-Sino talks.

* European futures as well as US futures are down -0.3-0.4% with the Nasdaq underperforming.

* In Europe, BTPs are currently outperforming, but Greek bonds, which rallied yesterday on the election result, are paring some of the gains.

* Released overnight, UK BRC retail sales came in weaker than expected and fell back -1.6% m/m in the same store measure. Still to come are Italian retail sales numbers and an I/L auction in Germany.

* Oil prices meanwhile continue to hold in the USD 57-58 range, with the WTI future currently trading at USD 57.50.

Charts of the Day





* GBPUSD retests again the 6-month low into EU open, at 1.2483. EURGBP remained buoyant, but markets still lacked the muster for a test of the recent six-month high at 0.8992. A 0.3% m/m contraction in the Halifax measure of UK house prices (released Friday) was the latest in a series of data disappointments out of the UK. As for Brexit, the news flow has remains quiet in terms of substantive developments. That will change as soon as the new prime minister, most likely no-deal-Brexit-if-necessary Boris Johnson, takes up the reigns (which will be later in the month). Cable has resistance at 1.2510-20. Next Support at 1.2420.

* Silver: Despite the decline seen the last 2 days, Silver manage to be held above the 20- and 50-week SMA, sustaining more than 50% of the gains seen in June. Breaching the uptrend Support at 14.90 and also the small bounce up to 15.10 suggest that the corrective pressure is growing again. The RSI is sloping to the upside again but still remains below 50 in the daily chart, while MACD remains within the positive area following a bear cross last week. The key level at $15.10 is now a Resistance whilst traction below the $14.90 would open $14.60 as the next Support. A break above Resistance couls retest the $15.25-$15.35 area.

Main Macro Events Today

* Fed Chair Powell Speech on Boston (USD, GMT 12:45)

*Support and Resistance levels



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

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

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.


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.

Re: Hotforex.com - Market Analysis and News.

Date : 10th July 2019.

MACRO EVENTS & NEWS OF 10th July 2019.



FX News Today

*** GER30 and UK100 futures are narrowly mixed and US futures slightly in the red, after a mixed session in Asia overnight.

** Eurozone peripheral markets are outperforming, but yields are also up across Italy, Spain and Portugal.

* Trade risks, US-Iran tensions and in Europe the risk of a no-deal Brexit scenario keep markets looking to central banks for support.

* The WTI future meanwhile surged to $58.76 per barrel, after US data showed another drop in stock piles, which dampened concerns about oversupply.

Charts of the Day





* EURGBP has forayed above 0.9000 for the first time since early January while Cable has descended into 27-month low territory. EURGBP has now made this the 8th week out of the last nine where a new higher high has been set. The Pound has been trading with a 10-15% trade-weighted Brexit discount since the vote to leave the EU in June 2016.

* USDJPY was stopped in its tracks at 6-week highs of 108.96, the level coinciding with the 50-day Moving Average. Profit taking ensued, which took the pairing to 108.76 lows in early NY and Asia session. In addition to the noted technical resistance, Japanese exporter offers are reportedly parked from the 109.00 level, which should help cap gains going forward.

Main Macro Events Today

***Support and Resistance levels



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

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

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.



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.

Re: Hotforex.com - Market Analysis and News.

Date : 11th July 2019.

MACRO EVENTS & NEWS OF 11th July 2019.



FX News Today

** 10-year Treasury yields dropped -2.3 bp to 2.039% overnight, and reopened soft, stopped at 2.064% tailing out from 2.057%.

*** USD lower as Powell signals July FOMC rate cut.

*Charts of the Day





*Main Macro Events Today

*** Fed Chair Powell Testimony 2nd day (USD, GMT 14:00)

Support and Resistance levels



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

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

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.

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.

Re: Hotforex.com - Market Analysis and News.

Date : 12th July 2019.

MACRO EVENTS & NEWS OF 12th July 2019.



FX News Today

* Treasuries recovered during the Asian session after better than expected data and a weak auction put pressure on bonds yesterday.

** Stock markets were cautious ahead of trade and lending data out of China today, which are expected to set the tone for GDP numbers out on Monday.

** Indices swung between gains and losses overnight and Topix and Nikkei are currently down -0.19% and up 0.15% respectively.

* European stock futures are moving higher in tandem with US futures.

.* The WTI future is trading at $60.67 per barrel, amid escalating tensions in the Middle East.

Charts of the Day





* EURUSD spiked to 1.1274 in Asia session after knocking lower following the warmer US CPI outcome. Looking ahead, the Dollar is likely to remain in sell-the-rally mode ahead of the July FOMC meeting, where a 25 basis point rate cut is widely expected. EURUSD support is now at the 50-day Moving Average at 1.1240, with resistance at 1.1287-95, the July 5 and July 4 highs.

* USDCAD drifted lower to 1.3023 area as WTI future is rading at USD 60.58 per barrel, amid escalating tensions in the Middle East. Next Support stands at 1.2970-1.2990.

Main Macro Events Today

** Fed Chair Powell Testimony 2nd day (USD, GMT 14:00)

Support and Resistance levels



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

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


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.


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.

Re: Hotforex.com - Market Analysis and News.

Date : 15th July 2019.

MACRO EVENTS & NEWS OF 15th June 2019.



*

* China Gross Domestic Product (CNY, GMT 02:00)- Chinese GDP is projected to see additional moderation to a 6.2% y/y pace in Q2, from the 6.4% y/y growth rate in Q1. The economy has grown at a 6.2% pace so far in 2019, while it was at a 6.6% pace for all of 2018, leaving the slowest growth rate since the 3.9% clip in 1990. It grew 6.8% in 2017.

*

****

****

*

*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.

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.


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.

Re: Hotforex.com - Market Analysis and News.

Date : 16th July 2019.

MACRO EVENTS & NEWS OF 16th July 2019.



FX News Today

* Treasury yields steadied during the Asian session, with bonds erasing overnight gains and the 10-year yield now up 0.3 bp at 2.092%. JGB yields also backed up from lows and are down -0.1 bp at -0.129%, after returning from holiday, while yields declined in Australia and New Zealand after the minutes of the last RBA meeting showed the bank remains ready to adjust policy if needed.

* Stock markets meanwhile struggled in very light volumes as markets hold back ahead of key US data and earnings reports this week.

* On trade talks US Treasury Secretary Mnuchin said he and Trade-Representative Lighthizer may travel to Beijing if talks by phone this week are productive.

* The WTI future is trading below $60 per barrel and U.S. futures are posting marginal gains.

* In Europe, the GER30 future is currently slightly higher as are US futures, which UK100 futures are in the red, amid ongoing Brexit jitters as Boris Johnson, poised to succeed as PM next week, puts no-deal options firmly back on the table.

** Meanwhile JP Morgan, Bank of America, Goldman Sachs and Taiwan Semiconductor are among the companies reporting results this weeks.

Charts of the Day





* EURUSD has been held between its 20-day Moving Average of 1.1295 and its 50-day Moving Average at 1.1242 since Friday. A 25 basis point Fed rate cut at the end of the month has been priced into EURUSD, and focus now may shift to the ECB, where further stimulus could be in the cards at its next meeting on July 25, keeping EURUSD capped for the time being.

*Main Macro Events Today

***Support and Resistance levels



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

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

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.



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.