hotforex.com - market analysis and news.

Re: Hotforex.com - Market Analysis and News.

Date : 11th March 2019.

MACRO EVENTS & NEWS OF 11th March 2019.



FX News Today

** Chinese indices led the way after moving past the disastrous trade number from last Friday.

* While dovish-leaning central banks in general and the additional action from the ECB in particular sparked fears that the global growth outlook is actually worse than anticipated, the fact that there is more support should also be constructive for stock markets in the medium term.

** Topix and Nikkei are up 0.57% and 0.47% respectively, the Hang Seng gained 0.68%, CSI 300 and Shanghai Comp are up 1.47% and 1.35% respectively and the Shenzhen Comp outperformed with a 3% gain. The ASX meanwhile was among the few underperformers with a loss of -0.38%.

* US futures are narrowly mixed, with the Dow Jones futures underperforming and the front end WTI future trading at USD 56.32 per barrel.

Charts of the Day





* EURUSD has consolidated having risen after the NFP release, with 1.1256 standing as the next Resistance level, while Support is found at 1.1224.

** XAUUSD moved past 1300 for a while before retracting, but remained above 1280 for a 6th day. Immediate support is at 1292 while Resistance remains at 1300.

* USDJPY is still trading at two week lows, with the immediate Support and Resistance levels standing at 111.05 and 111.25.

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 : 12th March 2019.

MACRO EVENTS & NEWS OF 12th March 2019.



FX News Today

* The global stock market recovery continued during the Asian session.

** The pound strengthened, as well as stock markets across Asia after a positive close on Wall Street, where robust retail sales had helped to bolster confidence.

* The latter also helped tech stocks to break the losing streak amid news that Nvidia Corp. agreed to buy chipmaker Mellanox Technologies Ltd.

* Topix and Nikkei rose 1.52% and 1.79% respectively overnight. The Hang Seng is up 1.2% and CSI 300 and Shanghai Comp rose 0.48% and 0.76% so far, with the Shenzen Comp up 0.88%.

* The ASX underperformed and closed with a loss of -0.09%, as Aussie loans data again came out negative.

* US futures are broadly higher, while the front end WTI future saw a high of USD 57.14 before falling back to now USD 56.91 per barrel.

Charts of the Day





* EURUSD has continued its rise after the positive Brexit news, trading around the 1.1256 Resistance level, far from both the next 1.1224 Support and 1.13 Resistance.

* GBPUSD gained on the positive Brexit developments, breaking through the 1.32 Resistance but the MACD suggests that this may be running out of steam.

* XAUUSD continues to fluctuate around the 1295 mark, with the MACD and Stochastics indicators pointing to the downside as price it hits its 200HMA.

* USDJPY continues to move upwards, with immediate Resistance at the 200HMA level at 111.54, while Stochastics and the MACD point downwards.

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 : 14th March 2019.

MACRO EVENTS & NEWS OF 14th March 2019.



FX News Today

* The dollar pulled ahead from a nine-day low on Thursday, largely helped by the pound snapping back after a sharp rally made on Brexit relief.

** Another vote tonight, with British lawmakers widely expected to vote in favour of a Brexit delay.

** Data from China point to the negative as unemployment has risen, industrial production growth has slowed, even though retail sales continue to grow.

* Gold declined as the Dollar strengthened, still trading about 1300. Oil reaffirmed its gains and traded around $58.

Charts of the Day





* EURUSD has continued its rise after the positive Brexit news, trading around the 1.1256 Resistance level, far from both the next 1.1224 Support and 1.13 Resistance.

* EURUSD continued its rise after the rejection of the no-deal Brexit. The pair broke through its 200HMA, and the Resistance point at 1.13, but has not managed to stay above the 1.1330 Resistance. Indicators are showing mixed signals.

* GBPUSD gained after the rejection of the no-deal Brexit, breaking through the 200HMA yesterday, but bouncing off both the 1.3336 Resistance level and the 1.3245 Support.

* XAUUSD lost as the Dollar gained yesterday, coming down from the 1310 highs and currently trading at 1302. The MACD and Stochastics are issuing negative signals.

* USDJPY continues its slow upwards movement, breaking through the sideways channel as it is currently trading above its 200HMA level at 111.50, with immediate Resistance at 111.68. MACD and Stochastics are showing signs of saturation.

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 : 15th March 2019.

MACRO EVENTS & NEWS OF 15th March 2019.



FX News Today

* Asian indices broadly higher amid fresh hopes on the US-Sino trade front.

* BoJ kept policy unchanged as expected, exports seen weighing on outlook.

* Trump-Xi summit pushed back to end of April, USTR cited “major issues”.

* Xinhua news agency reported that Chinese Vice Premier Liu He had a telephone conversation with US Secretary Mnuchin and US Trade Representative Lighthizer and that further substantive progress on trade talks has been made.

* UK lawmakers backed a delay to the Brexit process.

* PM May set to ask for a short term extension if her Brexit deal gets through by March 20, i.e. before the next EU summit, or a long term delay if not.

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

* WTI future is trading at USD 58.76 per barrel.

* EURUSD softer after posting 9-day high at 1.1341 following soft US PPI

* USDJPY lifted to 1-week highs above 111.70; Yen wary of BoJ dovish tone.

Charts of the Day



Technician’s Corner

* EURUSD found a floor at 1.1310 after rebounding from 1.1290 and overall remains in an uptrend. The same positive bias held intraday as well, with MAs pointing upwards and RSI sloping above 50.

* GBPUSD is trading in a descending triangle. Support is held at 50-period SMA at 1.3225 and Resistance at 1.3265. A break of these barriers could suggest the near term direction for Pound.

* XAUUSD rebounded from 1297 and broke the 1300 barrier earlier. Upper Bollinger bands are extending higher while the asset has regained more than 60% of the losses seen yesterday, turning the negative near term outlook to a positive one.

Main Macro Events Today

* BoJ Kuroda Speech – Due to speak at the B20 Tokyo Summit.

* EU Final CPI – The overall Eurozone HICP is anticipated at 1.5% y/y.

* Canadian Manufacturing Sales – the Manufacturing shipment values are expected to edge 0.5% higher in January after the 1.3% drop in December.

* Michigan Sentiment and Industrial Data– Industrial production is projected to rise 0.4% in February, after a 0.6% drop in January, while capacity utilization should rise to 78.4% from 78.2% in January. An early March Michigan Sentiment reading is expected of 96.0 , up from 93.8 in February, but well below the 14-year high of 101.4 last March.

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 : 18th March 2019.

MACRO EVENTS & NEWS OF 18th March 2019.



FX News Today

* Stock markets rallied in Asia with Chinese indices leading the advance as markets prepare for a cautious Fed meeting this week.

** US futures are also on the rise as are European futures.

* Japanese exports decline for a third consecutive month. Singapore non-oil exports swUng to surprise 4.9% rise in February after 3 months of decline

** Brexit: May is still trying to get her Brexit deal over the line ahead of the March 21/22 EU summit, with an extension now needed even if the deal goes through.

* BCC published a report showing that UK business investment is on course to decline by 1.0% in 2019, which would be the worst in a decade.

* EURUSD above 1.1300, after marking 10-day peak near 1.1345 on tame Fed view.

* USDJPY tipped lower on N. Korea back-track after printing 9-day peak at 111.90.

* IEA warned of sharp Venezuela supply drop, but OPEC has spare capacity to offset.

* The WTI future meanwhile is trading at $58.40.

Charts of the Day





** GBPUSD is consolidating in the upper 1.32 area. Overall it remains in an up channel.

* NZDUSD: Broke 3-day High and currently retesting the upper line of a descending triangle. Bullish inverse Head and Shoulders has also been identified in the hourly chart. Resistance holds at 0.6875-0.6900.

* XAUUSD rebounded from 1,298 the past hour up to 1,304 area. Any consecutive bullish candles could suggest a positive intraday outlook.

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 : 19th March 2019.

MACRO EVENTS & NEWS OF 19th March 2019.



FX News Today

** Central banks in Indonesia, the Philippines and Thailand hold policy meetings this week and are expected to stay on hold as well.

*** The Shanghai Comp lost -0.63%, the CSI 300 was down -0.82%, while the Hang Seng had declined -0.23%. Topix and Nikkei closed with losses of -0.21% and -0.08% respectively and the ASX was down -0.09% in the end.

* US futures are posting fractional gains, while European futures are down. The front end WTI future meanwhile is trading at USD 58.98 per barrel, after touching a high of USD 59.14 overnight.

Charts of the Day





** GBPUSD is consolidating in the upper 1.32 area, moving on a sideways channel, still below end-February highs. MACD and Stochastics are showing down signals.

* USDJPY has continued its downwards trend breaking through the 200HMA yesterday, reaching as low as 111.18, with Resistance standing at 111.40 and Support at 111.08.

* XAUUSD continues to trade above the $1300 mark, in a slight upwards trend, even though Stochastics and MACD show signs of regression. Data releases and any Brexit developments today could affect it.

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 : 20th March 2019.

MACRO EVENTS & NEWS OF 20th March 2019.



FX News Today

*** In the Asian session stocks traded narrowly mixed, with Chinese markets underperforming amid reports that China is pushing back against some of the US demands in trade talks.

* Overall though traders see signs of eagerness to come to a deal among Chinese officials ahead of further trade talks as US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are set to travel to China next week.

* Topix and Nikkei managed to close with gains of 0.26% and 0.20% respectively. The ASX, however, was down -0.31% at the close and Hang Seng and mainland China bourses are also in the red.

* US futures are little changed and the front end WTI future is trading at USD 58.97 per barrel.

Charts of the Day





* EURUSD traded mostly above the 1.1345 Resistance level, even though very close to it, in anticipation of the Fed meeting. Indicators are showing signs of consolidation.

* GBPUSD is moving in a similar way as the EURUSD consolidating in the upper 1.32 area, for the 5th consecutive day, moving on a sideways channel, still below end-February highs. MACD and Stochastics support consolidation.

* USDJPY moved slightly up on the leading indicator announcement, which showed worse than expected performance compared to the previous month. After etching to 111.60, the pair declined slightly, a move supported by both MACD and Stochastics.

* XAUUSD is still above the $1300 mark, while some downwards momentum exists despite indicators pointing upwards. The Fed decision is expected to have a strong effect on Gold.

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 : 21st March 2019.

MACRO EVENTS & NEWS OF 21st March 2019.



FX News Today

* The EU summit starts today and while Brexit is not the only topic on the agenda, it will likely dominate discussions, after PM May yesterday officially asked for an extension until June 30 and ruled out that she as Prime Minister would ask for a long extension.

* EU council president Tusk in his official response made it clear that a short extension will only be possible if the Withdrawal Agreement has been backed by MPs in London.

** After an interesting meeting yesterday, the Fed was even more dovish than expected, suggesting that no rate hikes would take place in 2019, although leaving the window open for some hikes in 2020.

* Overall, the Fed commented that a patient, semi-neutral approach was the best at this point, after the cooling in growth and inflation. Justification was sought in slower growth, static payrolls, weaker household spending and a decline in overall inflation.

* In addition, the Fed also confirmed plans to taper in May, and then end in September, the balance sheet runoff.

** Dow closed down 0.55% and under its 20 SMA. Asian shares are less impacted, but Japan is closed today.

Charts of the Day





* EURUSD pushed higher than the 1.14 level on the Fed dovishness, with expected Resistance at 1.1433, and then at 1.15. Indicators are supportive of a consolidation/downtrend mode this morning.

* GBPUSD is slightly regaining its losses, still moving around the 1.32 area, on a sideways channel, still below end-February highs. MACD and Stochastics can perhaps be interpreted as sending positive signals.

* USDJPY dropped heavily on the Fed announcement, crossing the 110.72 Support and its 200HMA. The next Support level is at 110.34, even though the MACD and Stochastics do not appear to agree with the downwards trend.

* XAUUSD gained significantly and is trading at $1319, while some downwards momentum continues to exist according to the indicators. The Fed decision did have a strong effect, as suggested yesterday, and the question is whether Gold can now break through the $1321 Resistance level, or will retrace to the $1313 Support.

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 : 22nd March 2019.

MACRO EVENTS & NEWS OF 22nd March 2019.



FX News Today

* Bund yields slightly higher in opening trade after cautious session on Asian stock markets.

* EU hands UK another 2 weeks to avoid no-deal Brexit, eyes May 22 exit if deal passes, otherwise PM May must come up with a Plan B. If the deal gets through, an extension until May 22 has already been backed by the EU-27.

** The European calendar focuses on Eurozone prel. March Manufacturing PMI readings.

* Gold whipsawed back toward $1,300 by resurgent USD index near 96.5

* EURUSD corrected back under 1.1400.

* USDJPY up from 5-week low of 110.28.

* WTI crude has settled slightly below $60.0 after posting a fresh 4-month high at $60.39

Charts of the Day





** GBPUSD topped at 1.3160, however the last 4 small body candles along with the latest doji candle suggest that upside movement might reach an end. Support at 1.3113 and 1.3000.

* USDJPY dropped further into London open, down to 110.70. Indicators retreated from neutral zone, with RSI looking lower. The next Support level is at 110.64, and 110.36.

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 : 25th March 2019.

MACRO EVENTS & NEWS OF 25th March 2019.



Events to Look Out For Next Week

The Brexit saga continues next week with the Vote standing out as the event of the week, even though important data releases are scheduled across many currencies in the coming days.


__________________________________________________ _______________________

* All Industy Activity Index (JPY, GMT 04:30)* German Business Climate (EUR, 09:00)* Trade Balance (NZD, GMT 21:45)
__________________________________________________ _______________________

* Housing Data (USD, GMT 00:30)* CB Consumer Confidence (USD, GMT 14:00)
__________________________________________________ _______________________

* Interest Rate Decision (NZD, GMT 01:00)* Trade Balance (CAD, GMT 12:30)
__________________________________________________ _______________________

* German CPI (EUR, N/A)* US Final GDP (USD, GMT 12:30)* Tokyo CPI and Production Data (JPY, GMT 23:30)
__________________________________________________ _______________________

* UK Final GDP (GBP, GMT 09:00)* US Personal Spending (USD, GMT 12:30)* Chicago PMI (USD, GMT 13:45)* UK Parliament Vote (GBP, Tentative)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 March 2019.

MACRO EVENTS & NEWS OF 26th March 2019.



FX News Today

* 10-year Treasury yields are up 2.8 bp at 2.427%, JGB yields climbed 1.8 bp to -0.076% amid a mixed session on Asian stock markets.

** The sharp drop in US bond yields last week and the shape of the yield curve revived fears of a global recession last week, but while yields remain at low levels for now at least the mood seems to be slowly lifting.

*** Topix and Nikkei closed with gains of 2.57% and 2.15% respectively. The ASX gained 0.07%, while Hang Seng and Shanghai comp are down -0.15% and -1.35%.
US futures are higher as are the European ones. The front end WTI future meanwhile is trading at USD 59.21 per barrel.

Charts of the Day





* EURUSD has been trading around the 1.13 level, breaking below but not maintaining it yesterday. Immediate Resistance at 1.1338, at the 200HMA. Indicators are also not registering any up or down signals.

* GBPUSD continues to trade around the 1.32 level, in a tight channel between this and the 1.3223 200HMA level. The MACD does not show much action, while Stochastics issue bullish signs.

* USDJPY dropped below the 110.34 level, trading around the 110 level, which appears to hold despite some breakouts below it. Resistance remains at 110.34 and Support, after the 110 immediate level, lies at 109.80.

* XAUUSD broke below the 1320 level early today, with the MACD registering bullish signs as the Stochastics indicator is moving in the oversold region. Support and Resistance levels remain at 1313.8 and 1320 respectively.

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 : 27th March 2019.

MACRO EVENTS & NEWS OF 27th March 2019.



FX News Today

* Bund yields are coming down again and the 10-year Treasury rate is at 2.412%, down -1.1 bp on the day, underperforming versus bonds in Australia, New Zealand and China.

* The US 10-year rate remains below the 3-month rate, which continues to feed concerns about the growth outlook and the risk of recession, especially against the background of dovish shifts at major central banks, and is underpinning choppy trade in stocks.

* Japanese equities, which outperformed Tuesday, underperformed today and Topix and Nikkei lost -0.52% and -0.23% respectively.

* Chinese markets, meanwhile, outperformed after heading south yesterday, although mainland China indices are down from earlier highs. The Shanghai benchmark is still up 0.60%, the blue-chip CSI 300 1.00% higher on the day and the Hang Seng up 0.59%.

* US stock futures are also moving higher in tandem with European futures and the front end WTI future is at USD 60 per barrel.

Charts of the Day





* EURUSD broke through the 1.13 level yesterday, and is currently trading around its 1.1256 Support level. Immediate Resistance is at 1.13. Indicators are issuing positive signals.

* GBPUSD pushed down from the 1.32 level, trading around the 1.318 Support level, while the indicators suggest a slightly upwards tendency.

* USDJPY gained yesterday, breaking through the 110.34 Resistance level and is now trading between it and the 110.73 Resistance. Indicators are showing bearish signs.

* XAUUSD same as yesterday, Support and Resistance levels remain at 1313.8 and 1320 respectively, with Gold trading between those two bands.

*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 March 2019.

MACRO EVENTS & NEWS OF 28th March 2019.



FX News Today

* Slide in global bond yields continues.

* The flattening or outright inversion of yield curves meanwhile is fuelling recession fears and also turning into a self-sustained cycle.

* Bund yields drop below those of JGBs yesterday after ECB tiered depo story potentially pushing the timing of the first rate hike.

* US Equities dragged lower by deeper curve inversion, taken as global risk signal.

*** GBP steady as Brexit process reaches defining phase; no-deal exit now very unlikely.

**Charts of the Day





* EURUSD has formed a falling wedge since March 27. Indicators are issuing neutral to positive signals. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.1283 within the next 6 hours.

* GBPUSD rebounded from 1.3140 and is trading a breath below PP level at 1.3193. Support is set at 1.3118 as the indicators suggest a slightly downwards tendency.

* USDJPY bottomed at 110.05, with next Support at 109.70 level. Indicators are negatively configured suggesting further negative bias intraday.

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 : 29th March 2019.

MACRO EVENTS & NEWS OF 29th March 2019.



FX News Today

* 10-year Treasury yields are up 0.5 bp at 2.400% and JGB rates lifted 0.6 bp to -0.100% amid a broad move higher in long yields across Asia.

** Chinese markets in particular benefited and CSI 300 and Shanghai Comp are up 3.49% and 2.85% respectively. The Hang Seng has risen 0.97% so far, while Topix and Nikkei closed with gains of 0.56% and 0.82% respectively and the ASX lifted 0.08%. US futures are also broadly higher and the front end WTI future is trading at USD 59.54 per barrel.

* The Brexit Vote today, which only includes the Withdrawal Agreement and not the Political declaration, will likely fail, again. The day is largely symbolic as today was supposed to be Brexit Day.

Charts of the Day





* EURUSD continued its downwards trend, breaking through the 1.1256 Support level. However, it appears to have reached the end of the hill as both the MACD and Stochastics point to the upside.

* GBPUSD keeps declining as fears of no-deal Brexit continue, currently fluctuating around the 1.30 Support. Indicators are registering mixed signals as the MACD is positive and the Stochastics are negative, while the short MA crossed the long MA a couple of hours ago.

* USDJPY gained some despite mixed Japanese data, as the country appears to have been able to maintain its inflation at stable levels. The pair broke through the 110.73 level and is currently trading just below the 200HMA at 110.62. Both MACD and Stochastics are pointing downwards.

* XAUUSD remained flat below the $1300 mark after the drop from the 1311 level yesterday. No particular movements observed from the indicators.

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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Click HERE to READ more Market news.

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 : 01st April 2019.

MACRO EVENTS & NEWS OF 01st April 2019.



FX News Today

* Bond yields continue to recover from recent lows.

* Stock markets started the second quarter with renewed optimism.

* USA500 still posted the best quarter in a decade.

* Signs of progress in U.S.-Sino trade talks helped to underpin sentiment and saw mainland China bourses outperforming amid a general move higher in Asian stock markets. Both sides said there was progress in talks.

** The front end WTI future is trading at USD 60.58 per barrel, amid sanctions, production cuts.

* USDJPY edged 8-day high at 111.17.

* EURUSD rebounded to 1.1240 overnight after printing 3-week low of 1.1207.

Charts of the Day





* EURUSD rebounded, breaking through the 1.1240 R1 level. However, it appears to have reached the end of the hill for today as it is currently looking southwards with RSI sloping lower as well.

* GBPUSD keeps inclining so far today, but remains close to Pivot at 1.3048 as fears of no-deal Brexit continue.

* USDJPY printed an 11-day high at 111.18, as the safe haven premium of the Japanese currency unwind. USDJPY has support at 110.50-53, levels which encompasses the prevailing situation of the 100-day moving average.

*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.