hotforex.com - market analysis and news.

Date : 18th February 2019.

MACRO EVENTS & NEWS OF 18th February 2019.

FX News Today

* Japanese bond yields increased, outperforming against most other bonds in Asia as stock markets rallied.

* Trade optimism, improving credit data out of China and better than expected machinery orders in Japan boosted risk appetite and Topix and Nikkei closed with gains of 1.6% and 1.8% respectively.

* The Hang Seng is up 1.7% as CSI 300 and Shanghai Comp have gained 2.9% and 2.4% respectively so far.

** Improved credit data out of China meanwhile helped to calm concerns about growth prospects in the country.

* US futures are narrowly mixed and European stock markets marginally higher, so it remains to be seen whether the rally will be sustained.

* The front end WTI future is trading at USD 55.93 per barrel, after testing highs over USD 56.

* US markets are closed today and there was no trade in Treasuries.

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.

Dr Nektarios Michail
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 : 19th February 2019.

MACRO EVENTS & NEWS OF 19th February 2019.

FX News Today

* Mixed session on Asian stock markets.

**** President Trump has 90 days to decide whether to act on the probe into whether imported vehicles pose a national security threat.

* AUDJPY has been the biggest mover in a day of directionally challenged markets, as participants wait on progress from the US-China trade talks.

* Cable has lodged back above 1.2900.

* Crude Oil prices meanwhile are trading close to three-month highs.

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 : 20th February 2019.

MACRO EVENTS & NEWS OF 20th February 2019.



FX News Today

* Bund yields lower in opening trade, Equity markets mostly higher in Asia.

* Stock markets in Asia remained underpinned by hopes of a US-Sino trade deal.

* Wall Street closed higher, helped by positive earnings at Walmart Inc. Fresh.

* President Trump meanwhile suggested that March 1 tariff deadline is not cast in stone, so there is hope that further tariffs can be avoided.

** The Yuan lifted after a Bloomberg report saying the US was looking for a pledge from China that it will not devalue its yuan currency as part of the trade deal.

* USDJPY has climbed to 110.91 from 110.60, amid cautious risk-on theme

* WTI crude edged out fresh 3-month high of $56.77.

Charts of the Day



Main Macro Events Today

* Juncker and May meet for another round of crunch talks in Brussels 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 : 21st February 2019.

MACRO EVENTS & NEWS OF 21st February 2019.



FX News Today

* Asian equities initially rallied after Fed minutes promised patience on further policy action but most have moved down from earlier highs.

* Hopes that the US and China are nearing a deal on trade have risen after an unnamed source cited by Reuters said the two sides have started to outline commitments in principle in what is described as the most significant progress yet.

* The JPY225 closed with a gain of just 0.15%, while the Topix was unchanged from yesterday. The Hang Seng is up 0.03% and mainland China indices are also little changed.

* The AUS200 outperformed and rallied 0.70%, after better than expected jobs data.

* US futures are stronger after Reuters reports outlined progress in US-Sino trade talks and European futures are also moving higher.

* The March WTI futures are trading at USD 57.33 per barrel.

Charts of the Day



Main Macro Events Today

* EU PMIs – EU Manufacturing PMI is expected to have declined to 50.3 in February, compared to 50.5 last month, dangerously close to the 50 threshold. Services PMI is expected to have increased to 51.4, compared to 51.2 in January, hence pushing the overall Composite PMI higher to 51.1, compared to 51.0 in the previous month.

* Philly Fed Index – The Philly Fed Manufacturing Index is expected to have declined to 14, compared to 17 in January, still registering a positive effect.

* Durable Goods – Durable goods are expected to come out registering positive growth for December, compared to negative for November.

* US PMIs – Manufacturing is expected to have declined in the US, similar to the EU, reaching 54.7 compared to 54.9 last month, while Services are expected to have slightly grown to 54.3 compared to 54.2 in January.

* Existing Home Sales – Home Sales are expected to have remained at more or less the same levels, at 5M, compared to 4.99M last month.

* CB Leading Index – The Conference Board Index is expected to have shown a 0.1% m/m increase in January, compared to the 0.1% m/m contraction in December.

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 : 22nd February 2019.

MACRO EVENTS & NEWS OF 22nd February 2019.



FX News Today

* Both Topix and Nikkei, declined during the Asian session, with -0.25% and -0.18% respectively.

* Overall, stock markets in Asia struggled through most of the session as subdued inflation data rekindled concerns about a lack of demand and flagging growth and after Wall Street closed in the red.

* News that US President Trump will meet with China’s top trade negotiator today in Washington seems to have helped Chinese markets to stage a late rally and CSI 300 and Shanghai Comp are up 1.76% and 1.51% respectively and the Hang Seng also managed to claw back losses and is up 0.11%.

* US stock futures are posting marginal gains and the April WTI future is trading at just over USD 57 per barrel.

* USDCAD rallied over 1.32 to 1.3225, as Oil inventories rose, with the US at record production levels. Oil price is now back around the $57 mark.

* Japanese CPI data same as forecasts, pushing the Yen higher.

Charts of the Day



Main Macro Events Today

* EU CPI Inflation – Core inflation is expected to be confirmed at 1.1% y/y while the overall inflation rate is expected to have stood at 1.4% in January.

* Canadian Retail Sales – Retail Sales are expected to have declined by 0.3% m/m in December, an improvement from the 0.6% declined observed in November.

* Mario Draghi Speech – The ECB President is due to speak to the University of Bologna where he will accept an honourary degree.

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.


Dr Nektarios Michail
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 : 25th February 2019.

MACRO EVENTS & NEWS OF 25th February 2019.



FX News Today

* A rally in Chinese equities led to a broad rise in Asian stock markets, after confirmation from US President Trump that he will delay the planned increase in tariffs on Chinese goods, which had been scheduled to start in March.

* This saw the CSI 300 and Shanghai Comp rallying 5.58% and 5.29% respectively.

** More concrete signs then that trade tensions can be resolved through talks and US futures are moving higher, while the April WTI future is trading at USD 57.16 per barrel.

* USD traded mixed at 1.1345 against the Euro and at 110.60 against the Yen.

* No Brexit Vote this week after all but one should take place by March 12.

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.

Dr Nektarios Michail
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 : 26th February 2019.

MACRO EVENTS & NEWS OF 26th February 2019.



FX News Today

* Stock markets outside of mainland China headed south.

* The first offshore default by a Chinese state owned company in 20 years sparked a fresh wave of risk aversion and concerns over the health of the Chinese economy, as it has failed to repay a US dollar bond in Hong Kong.

* Border tensions between India and Pakistan added to the risk-off sentiment.

* European stock futures are also heading south, in tandem with US futures, amid ongoing Brexit uncertainty.

* German GfK consumer confidence held steady at 10.8 in the advanced reading for March, unchanged from the February reading.

** USDJPY fell amid risk-on theme, but still above 110.70.

* EURUSD firmer to around 1.1350 area.

* Gold is still unable to move decisively past the 1330 mark.

Charts of the Day



Main Macro Events Today

* Inflation Report Hearings

* UK Prime Minister Theresa May will update parliament 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 February 2019.

MACRO EVENTS & NEWS OF 27th February 2019.



FX News Today

*** Dollar gained some against the Euro as CB confidence rose to 131.4, compared to 124.8 last month, while GBP declined from its 1.3272 peak. The Yen continued to rally against both the Euro and the Dollar, currently trading at 110.44 with respect to the latter.

* Topix and Nikkei closed with gains of 0.20% and 0.50% respectively, while mainland China bourses, which outperformed through much of the session, have erased gains leaving CSI 300 and Shanghai Comp down 0.56% and 0.02%.

* Small caps underperformed and the Shenzhen Comp is down -0.87%.

* The Hang Seng meanwhile is still hanging on to a 0.20% gain.

* US futures are heading south while the front end WTI future lifted to USD 55.88 per barrel.

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.


Dr Nektarios Michail
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 February 2019.

MACRO EVENTS & NEWS OF 28th February 2019.



FX News Today

* Bond and stock markets came under pressure during the Asian session.

* The US-North Korea summit ended abruptly and without any ceremony, which weighed on investor sentiment and saw stock markets heading south in Asia.

* Chinese manufacturing PMI numbers, which fell back to 49.2 from 49.5, and escalating tensions between India and Pakistan added to the risk-off backdrop.

** The ASX and Nifty outperformed and managed slight gains.

* US futures are also heading south, as oil prices are lower on the day and the April WTI future is trading at USD 56.76 per barrel.

* Oil was a big mover yesterday, up and then down on reports of record US production, after the Inventories showed a draw-down of 8 million barrels against expectations of a increase off 2.8 million.

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.

Dr Nektarios Michail
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 March 2019.

MACRO EVENTS & NEWS OF 1st March 2019.



FX News Today

* Asian stock markets rallied driven from MSCI, weighted on Bonds.

* MSCI Inc. announcement that will increase the weight of Chinese stocks in its global benchmarks also underpinned bourses.

* The strong manufacturing PMI reading out of China, following on the heels of better than feared US GDP readings yesterday helped to underpin risk appetite.
The Yen has weakened concomitantly with rising stock markets in Asia.

* German January retail sales much stronger than expected at 3.3% m/m

* Eurozone HICP inflation seen ticking up to 1.5% y/y from 1.4%.

* EURUSD dropped back from 3-week highs to mid 1.13s.

* USDJPY rallied to 10-week high of 111.80.

* Gold slide on better US GDP, higher yields and stronger Dollar.

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 : 4th March 2019.

MACRO EVENTS & NEWS OF 4th March 2019.



FX News Today

* A report in the WSJ over the weekend that the US and China closing in on a deal, and that Trump and Xi are to meet on March 27, pushed equities up although nothing is confirmed by Beijing or Washington.

* USA500 closed over 2800 Friday and holds gains this morning at 2813, while Nikkei closed up 1%. USD holds gains.

* Oil big down day on Friday with a move to 55.65 from 57.50. Gold closed the week under 1300.00, with trades down at 1294.

* Big policy week ahead, with ECB, RBA, and BoC interest rate decisions, as well as NFPs on Friday.

* The Brexit process will remain a key focus for markets this week. Political developments in the UK last week reduced the odds for a no-deal Brexit scenario, although it has always be our conviction that this is a low-risk possibility as the UK parliament will have final say and, given the numbers and strength of view of most MPs, it is hard to conceive that a no deal would be allow to happen.

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.

Dr Nektarios Michail
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 March 2019.

MACRO EVENTS & NEWS OF 5th March 2019.



FX News Today

* Stock markets struggled after Wall Street closed lower on Monday.

* US equities slumped as trade optimism gave way to fresh economic concerns after the drop in construction spending.

* The US may lift tariffs on Chinese imports, will sign off on final deal later in the month (March 27).

* Bloomberg also reported that some $90 bln (3%) in VAT reductions is planned by China as well.

* China lowered its official goal for economic growth this year to 6.0% from 6.5%.

* RBA left official cash rates unchanged at 1.50%, as expected.

* WTI future is trading at USD 56.36 per barrel.

* Gold dipped under $1,284 on risk-on trade, before finding prop from stock slump.

** EURUSD hit 1-week lows into ECB.

Charts of the Day



* EURUSD crossed the 20-day SMA. In the 1-hour chart, the bearish cross of 50- and 200-period EMA along with the negative configured indicators imply further declines.

* USDJPY moves for a 3rd day above an ascending triangle, the 200-DMA and on Friday broke the 11-day Resistance. This suggests the strengthening of the positive bias.

* GBPUSD held in an upwards channel in the daily chart despite 3 negative sessions. Intraday is below 3 MAs, while Support is at 1.3140 and 1.3110.

** Biggest Loser: NZDUSD forms 5 consecutive bearish daily candles, trading below the 20-day SMA, while the long low wings suggest an increasing bearish bias overall.

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 : 6th March 2019.

MACRO EVENTS & NEWS OF 6th March 2019.



FX News Today

** Australian bonds rallied and the AUD was under pressure as weaker than expected GDP numbers data added to speculation of rate cuts from the RBA, which in turn helped the ASX to gain 0.75%.

* Overall stock markets traded mixed across Asia with markets reluctant to push out valuations further without more concrete details on the possible US-Sino trade deal.

* Dovish-leaning BoJ comments failed to give Japanese markets a lift and Topix and Nikkei closed with losses of -0.25% and -0.60% respectively.

** US stock futures are broadly lower, as are European futures, while the front end WTI future is trading at USD 56.10 per barrel.

Charts of the Day





* EURUSD traded around 1.13, unable to break decisively in either direction, as the post-PMI rally eased. MACD and Stochastics point to an uptrend although MAs are still down.

* USDJPY managed to maintain its gains, as the short-term MA appear about to break through the longer-term MA and the mid-Bollinger level, supported by the indicators.

* GBPUSD moved slightly down on account of the Dollar strength, albeit not breaking through the 1.31 mark. Indicators are showing mixed signals.

* XAUUSD broke through the mid-Bollinger level and has been moving towards its 200HMA. Support level is at 1290, with Resistance at 1320.

* Biggest Winner: EURAUD gained significantly as RBA Governor Lowe tried to downplay the importance of the housing market slump, arguing that the probabilities are evenly balanced between rate hikes and rate decreases.

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.


Dr Nektarios Michail
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 : 7th March 2019.

MACRO EVENTS & NEWS OF 7th March 2019.



FX News Today

* The Yen and the Swissy edged up as investors sought shelter in safe-haven currencies, and stock markets headed south during the Asian session amid fresh concerns about the global growth outlook, increased US-North Korea tensions, and as traders await more details on a possible US-Sino trade deal.

* The BoC added its name to the growing list of central banks that are taking a pause to assess current risks, maintaining rates at 1.75% and watering down its rate normalization.

** The OECD cut forecasts for the global economy in 2019 and 2020, again yesterday, delivering a bleak assessment of the global economy. However, the prospect of further stimulus measures is keeping bond markets underpinned and the fallout in the stock market appears to be limited. Still, all Asian markets are trading in the red, with the only exception being the ASX which rose by 0.29%.

* US futures are heading south, however, while the front end WTI future is trading at USD 56.26 per barrel.

Charts of the Day





* EURUSD is trading around 1.13 again, unable to break decisively in either direction, in anticipation of the ECB meeting and the NFP data tomorrow.

* USDJPY has declined as investors sought shelter in safe-haven currencies, reaching 111.68 and creating a downwards trend towards the 200-HMA at 111.30.

* GBPUSD moved slightly higher, albeit not breaking through and remaining above the 1.319 mark. MACD, Stochastics and MAs point downwards.

* XAUUSD broke through its Support level at 1290, and appears to have currently paused at 1284. Indicators are sending mixed signals.

* Biggest Winner: USDCAD gained significantly as BoC maintains its interest rates unchanged. The pair jumped 20 pips during the meeting and is currently trading at a 2-month high at 1.3442.

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.

Dr Nektarios Michail
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 March 2019.

MACRO EVENTS & NEWS OF 8th March 2019.



FX News Today

* Global sell off in stock markets continued during the Asian session.

*** German manufacturing orders slumped -2.6% m/m in February

* GER30 slumps at 11425.00 area on the EU open.

* EURUSD plunged below 1.1200 after ECB.

* USDJPY ebbed to 1-week low, AUDJPY saw 2-week low, amid risk-off backdrop

* The WTI future is trading at USD 56.38 per barrel.

* US futures are heading south, however, while the front end WTI future is trading at USD 56.26 per barrel.

Charts of the Day





* EURUSD has consolidated around 1.12 after post-ECB plunge into 21-low terrain. The weak bullish candles suggest a weak positive bias.

* GBPUSD in a ranging market with immediate Resistance at 1.3100 and Support at 1.3065. Overall remains in downtrend with Momentum indicators negatively configured intraday and daily as well.

* XAUUSD reached 1293 level but remains for 5th day above 1280 which stands a near term Support. It break outside hourly Bollinger Bands could follow by a pullback as it suggest an overextended move.

* Biggest Winner: USDJPY has dipped to 110.95 from 111.60. The pair broke the the 200-day moving averageand is currently retesting a cross into negative BB area. This along with a decline of positive bias in MACD and Stochastic suggest a possible turn of the outlook into negative one in the medium term.

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.

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Andria Pichidi
Market Analyst
HotForex

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