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Discussion in 'Analisa Fundamental' started by HFblogNews, Jun 27, 2014.

  1. HFblogNews

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    Date : 05th February 2020.

    Understanding Market Basics I - 05th February


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    In this 90 minutes podcast, especially designed for NEW and inexperienced traders, Andria will outline the Market Basics including Supply & Demand, Fundamental & Technical analysis including some basic charts and market cycles:

    • Basic Supply & Demand
    • How Fundamental and Technical Analysis differ
    • Price Charts, Market Cycles, Trends and Consolidations

    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.

    Click HERE to access the full HotForex Economic calendar.

    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. Click HERE to register for FREE!

    Click HERE to READ more Market news.


    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.
     
  2. HFblogNews

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    Date : 06th February 2020.

    US Services PMIs also revised higher - 06th February


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    USDIndex, Daily
    The January ISM non-manufacturing PMI was revised higher to 55.5 from 55.1, the December figure sat at 54.9. The components were mixed. The employment sub-index dipped to 53.1 from 54.8 previously (revised from 55.2). New orders improved to 56.2 versus 55.3 (revised from 54.9), though new export orders slipped -0.9 ticks to 50.1. Imports jumped 7.1 points to 55.1. And prices paid fell to 55.5 from from 59.3 (revised from 58.5). Although the headline is below data from 2017 through most of 2019, this a solid report for the economy.

    US Markit services PMI was also revised up to 53.4 in the final January print versus the 53.2 preliminary. And it’s up from the 52.8 in December. It was at 54.2 a year ago. It’s the highest since March. The employment component rose to 51.8 from 51.7 in December and is the third straight month of expansion. Prices charged declined. The composite was nudged up to 53.3 from the 53.1 preliminary, and is up from December’s 52.7. It was at 54.4 last January, and also is the best since March. Input prices increased to 52.6 versus December’s 52.5, a fourth straight monthly gain, and are the highest since June. The data continue to show resilience to the nCoV scare.

    The PMI data lifted the Greenback and its recovery during January continues into February. The USDIndex is over 98.00 for the time since in the 45 trading days since December 3.

    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.

    Click HERE to access the full HotForex Economic calendar.

    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. Click HERE to register for FREE!

    Click HERE to READ more Market news.


    Stuart Cowell
    Head 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.
     
  3. HFblogNews

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    Date : 07th February 2020.

    Dollar on bid on NFP day - 07th February


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    The Dollar has remained broadly underpinned following the round of solid US data releases on Thursday, including upbeat consumer confidence and a stabilization in manufacturing after passage of the trade deals. US payrolls will be the other main focus for markets 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.

    Click HERE to access the full HotForex Economic calendar.

    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. Click HERE to register for FREE!

    Click HERE to READ more Market news.


    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.
     
  4. HFblogNews

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    Date : 10th February 2020

    Events to Look Out For Next Week 10th February 2020.


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    Markets are restive on the rapid spread of the nCoV and its impact on the global economy, especially after reports that factories in China will remain closed into next week. Meanwhile, any announcement about the prospects for trade talks between the UK and US could come into the spotlight. These come alongside growth rate data from the UK and Eurozone, RBNZ Monetary policy and US inflation.

    Monday – 10 February 2020
    • Consumer Price Index (CNY, GMT 01:30) – The Chinese CPI is expected to spike in January to 4.9%y/y following a steady December and after hitting its highest since 2012 in November.
    Tuesday – 11 February 2020
    • Gross Domestic Product (GBP, GMT 09:30) – The economy’s most important figure, Q4 GDP is expected to be higher at 1% q/q following the 0.4% reading for Q3.
    • Industrial and Manufacturing Production (GBP, GMT 09:30) – The two indices are expected to have grown to 0.2% m/m and -0.1% respectively in December, with manufacturing production recovering partially from a -1.7% decline in the prior month.
    • Housing Starts and Building Permits (CAD, GMT 13:15) – Housing starts slowed in December, to a 197.3k unit pace from a revised 204.3k rate in November. In January, the index is expected to bounce back to 210K. The separate building permits report revealed a 2.4% drop in values during November, while a growth up to 1% is anticipated for December.
    Wednesday – 12 February 2020
    • Interest Rate Decision and Statement (NZD, GMT 20:00) – RBNZ is expected to cut rates by 25 bp to 0.75%. The bank held rates steady at 1.00% in November, upending widespread expectations for a cut to 0.75%.
    Thursday – 13 February 2020
    • BoC’s Governor Poloz speech and RBA’s Governor Lowe speech (NZD, GMT 00:15)
    • Harmonized Index of Consumer Prices (EUR, GMT 07:00) – The German HICP inflation for January is seen steady at 1.6% y/y.
    • Consumer Price Index and core (USD, GMT 13:30) – The headline CPI should rise 0.1% in January, with a 0.2% core price increase, following respective December readings of 0.2% and 0.1%. As-expected gains would result in a headline y/y increase of 2.4%, up from 2.3% in December.
    Friday – 14 February 2020
    • Gross Domestic Product (EUR, GMT 07:00) – German Preliminary Q4 results are expected to slow down, at an annualised rate of 0.9% compared to 1.0% last quarter. Eurozone GDP should remain unchanged.
    • Retail Sales (USD, GMT 13:30) – Retail Sales are expected to have grown by 0.3% in January, and 0.4% for the ex-auto figure. Gasoline prices should have a neutral impact on retail activity, given an estimated slight -0.2% drop for the CPI gasoline index.
    • Michigan Sentiment (USD, GMT 15:00) – US consumer sentiment rose to 99.8 in the final January print from the University of Michigan survey, versus 99.1 in the preliminary reading for this month. The index is up 0.5 ticks from December’s 99.3. This is the best reading since the 100.0 in May. The preliminary February Michigan sentiment reading is forecast at 99.9.
    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.

    Click HERE to access the full HotForex Economic calendar.

    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. Click HERE to register for FREE!

    Click HERE to READ more Market news.


    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.
     
  5. HFblogNews

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    Date : 11th February 2020.

    Macro News & Events February 11 | 11th February 2020.


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    FX News Today –
    Another record close for Stocks – EUR at 4 mth low, AUD recovers from 10 yr lows – nCoV – over 1,000 deaths and 43k infections – Overnight China offers more stimulus, more reports GDP cud be down over 1% 2020 – Powell, Lagarde & Carney ALL scheduled to speak to later.


    Today
    UK GDP, Ind. Production & Trade Balance, EU Growth Forecasts, JOLTS reports – PLUS – Powell, Lagarde and Carney all testify today – plus back up speeches from Haskel (BOE) and Kashkari & Quarles (FED).

    Biggest (FX) Move overnight @ (07:00 GMT) AUDJPY (+0.53%) –Rallied from 73.20 lows yesterday, breaching 20hr MA & PP (73.35) at (23:00). Over 200hr MA (73.65) & R1 (73.70) by (05:00). MA’s and RSI both supportive, Stochastics overbought zone from 12:00 – topped at 95.

    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.

    Click HERE to access the full HotForex Economic calendar.

    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. Click HERE to register for FREE!

    Click HERE to READ more Market news.

    Stuart Cowell
    Head 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.
     
  6. HFblogNews

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    Date : 12th February 2020.

    FX Update – A weaker Yen & Stronger Kiwi today - 12th February


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    USDJPY, H1
    The Yen remained soft while the Dollar bloc currencies extended recent gains as risk appetite in global markets held up, with a reported dip in new coronavirus (now Covid-19)cases in China being tonic for investors. Wall Street yesterday saw fresh record highs, while the MSCI Asia-Pacific equity index rose by another 1% today. USDJPY lifted through 110.00 to 110.13 and above Tuesday’s high at 109.96. AUDJPY, now in its third consecutive day of ascent, carved out a five-day high at 74.23 , stalling at R2. AUDUSD and NZDUSD lifted to respective a six-day highs, at 0.6737 and 0.6476, while USDCAD fell to a six-day low at 1.3272. The RBNZ left policy on hold following a board meeting today, and also removed guidance for more rate cuts, saying that only a longer than currently anticipated impact from the Covid-19 outbreak would warrant any further easing. New Zealand also has an election this November. Governor Orr is due to testify later today (19:10 GMT) on today’s MPC statement before Finance and Expenditure Select Committee.

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    Elsewhere, EURUSD looks to have found a footing after a run of seven consecutive down days, steadying so far today around 1.0900-1.0925, above the four-month low that was printed at 1.0891. Cable edged out a six-day high at 1.2969, surpassing yesterday’s high by a pip, while EURGBP ebbed to a nine-day low at 0.8413. The Pound is amid a phase of modest outperformance, with available January data out of the UK have shown a rebound in economic activity as the fog of political uncertainty cleared following the December general election, while Prime Minister Johnson announcing big plans for infrastructure projects. These have helped quell, for now, concerns about Brexit and divergence from the EU.

    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.

    Click HERE to access the full HotForex Economic calendar.

    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. Click HERE to register for FREE!

    Click HERE to READ more Market news.


    Stuart Cowell
    Head 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.
     
  7. HFblogNews

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    Date : 14th February 2020.

    FX Update – EUR Pressure continues - 14th February


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    EURUSD, H1 / Weekly
    Germany’s economy stagnated in Q4 last year, in line with a number of forecasts and a tad below consensus expectations, which had predicted a slight expansion of 0.1% q/q. Compared to negative quarterly prints in France and Italy, Germany is already the outperformer among the three big Eurozone countries and Q3 numbers for Germany were revised up to 0.2% from 0.1% reported initially. This left the working day adjusted annual rate 0.4% y/y a tad higher than anticipated, but down from 1.1% y/y in Q3. There is no full breakdown yet, but the stats office reported that private as well as public consumption slowed in the last quarter of 2019, while investment was mixed with construction investment, expanding again. Exports contracted, while imports picked up according to first estimate. Looking ahead, exports are likely to continue to suffer and orders numbers are predicting another weak quarter for manufacturing, which leaves the risk that the labour market will start to suffer. The balance of risks clearly is tilted to the downside not just for Germany’s economy.

    The Euro posted fresh lows against the Dollar and other currencies, while both the safe haven Yen and Swiss franc lost yesterday’s bid as the daily increment of new coronavirus cases in China fell back alongside narratives that are downplaying yesterday’s jump in total reported cases in Hubei province as being just a reclassification. EURUSD posted a fresh 34-month low at 1.08265, and is set for its biggest two-week loss since July 2019. Today, the German GDP helped lift it to 1.0840 with the broader GDP data for the wider Eurozone yet to come. EURJPY printed a four-month low, at 118.86, and EURCHF a near-five-year-low, at 1.0609. EURGBP yesterday saw a two-month low below at 0.8295.

    Elsewhere, USDJPY settled in the upper 109.00s, above the four-day low seen yesterday at 109.61. Cable consolidated gains seen yesterday, holding just shy of the nine-day high at 1.3069.

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    The EURUSD low earlier tested the S2 and 161.8 Fibonacci extension low of the December rally at 1.0820, below there is the daily lower channel at 1.0750. In the the longer term the 161.8 Fibonacci extension level from the Q419 rally is at 1.0650 and then the psychological 1.0500. The Q419, against the trend, re-trace rally came from this over extension from the 200-day moving average which is where we are now, so some retrace to possibly the 1.1050-75 zone could be expected.

    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.

    Click HERE to access the full HotForex Economic calendar.

    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. Click HERE to register for FREE!

    Click HERE to READ more Market news.


    Stuart Cowell
    Head 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.
     
  8. HFblogNews

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    Date : 17th February 2020

    Events to Look Out For Next Week 17th February 2020.


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    Uncertainties over the extent of the economic damage from the novel coronavirus (Covid-19) will keep the markets on shaky footing near term. Elsewhere, focus will be on Europe following Germany’s economic stagnation in Q4 last year as seen today. Looking ahead, ZEW exports and manufacturing remain in the spotlight. That said, further contraction on these leaves the risk that the labour market will start to suffer. The balance of risks is clearly tilted to the downside, and not just for Germany’s economy.

    Monday – 17 February 2020
    • Eurogroup Meeting
    • US Bank Holiday – US banks will be closed in observance of Presidents’ Day – NYSE, Nasdaq and Bond markets are all fully closed.
    Tuesday – 18 February 2020
    • RBA Minutes (AUD, GMT 00:30) – The RBA minutes will provide more insight on the views the Australian Central Bank has about the economy.
    • Average Earnings and Unemployment (GBP, GMT 09:30) – Earnings are expected to have slowed by 3.1% in the last quarter of 2019, while the ILO Unemployment Rate for the 3 months to December is seen steady at 3.8%.
    • ZEW Economic Sentiment (EUR, GMT 10:00) – German Economic Sentiment for February is projected at 15.0 from the 26.7 seen last month, as the current conditions indicator for Germany declines further. The overall Eurozone reading though is expected to rise to 30.0 from 25.6.
    • Trade Balance (JPY, GMT 23:50) – Japanese imports should decrease -15.8% y/y in January, compared to -4.9% in December, in expectation of lower domestic consumption. Overall, the trade balance is expected to have worsened in January.
    Wednesday – 19 February 2020
    • Consumer Price Index (GBP, GMT 09:30) – Prices are expected to have eased in January, with overall inflation expected to stand unchanged at 1.3% y/y, and core at 1.5% from 1.4% y/y last month.
    • Consumer Price Index (CAD, GMT 13:30) – Prices are expected to have improved to 0.1% in January following a flat CPI in December. The overall inflation should have expanded in January to a 2.2% y/y, matching December’s reading.
    • FOMC Minutes (USD, GMT 19:00) – The FOMC minutes will provide more insight on the views the FED has about the economy.
    Thursday – 20 February 2020
    • Employment Data (AUD, GMT 00:30) – Employment change s.a. is expected to have increased by 31K in Australia in January, compared to 28.9K in December. The unemployment rate is expected to have increased to 5.2%.
    • Retail Sales (GBP, GMT 09:30) – Following the unexpected 0.6% m/m contraction in UK retail sales in December, Retail Sales are expected to grow by 0.6% in January.
    • ECB Monetary Policy Meeting Accounts (EUR, GMT 12:30) –The ECB Monetary Policy Meeting Accounts, similar to the FOMC minutes, provide information with regard to the policymakers’ rationale behind their decisions.
    • National CPI Index (JPY, GMT 23:30) – The Japanese price index should fall to 0.7% on a y/y basis, compared to 0.8% in December.
    Friday – 21 February 2020
    • EU PMIs (EUR, GMT 09:00) – Both manufacturing and services February PMIs are expected to have dropped, leaving the composite at 51.0, down from 51.3 in the preliminary release for February. In Germany meanwhile, composite PMI should slow to 50.7 from 51.2.
    • UK Service PMI (GBP, GMT 09:30) – The final services PMI for January was unexpectedly revised up, to 53.9 from 52.9 in the preliminary estimate, and the highest level in 16 months.
    • Consumer Price Index (EUR, GMT 10:00) – CPI inflation is forecasted to hold at 1.4% y/y as seen in January.
    • Retail Sales (CAD, GMT 13:30) – Core Canadian sales are anticipated to have risen by 0.4% m/m in December, compared to 0.2% m/m in November.
    • US PMIs (USD, GMT 14:45) – The Manufacturing PMI is expected to have increased to 52.5 in February, compared to 51.9 in January, while the Services PMI is expected to have slowed to 52.9.
    • Existing Home Sales (USD, GMT 14:45) – We expect a 0.4% rise in existing home sales in January to a 5.560 mln pace, after a rise to 5.540 mln in December. Pending home sales have grown substantially since Q4 of 2018, though we saw a big -4.9% pull-back in December.
    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.

    Click HERE to access the full HotForex Economic calendar.

    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. Click HERE to register for FREE!

    Click HERE to READ more Market news.


    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.
     
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    Date : 18th February 2020.

    UK Week Ahead - 18th February


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    The data calendar this week is quite busy, featuring, in chronological order, monthly labour market data today, January inflation figures (Wednesday), January retails sales (Thursday), and the preliminary January PMI surveys (Friday).

    The UK employment is anticipated to hold steady at 3.8% in December data, though the average household income to dip to a 3.1% y/y rate in the three months to December. The headline CPI has forecasted to remain unchanged at 1.3% y/y rate, which is well off the BoE’s 2.0% target, though would fit the central bank’s projections. A 0.6% m/m rebound in retail sales is expected following the 0.6% contraction in December. As for the preliminary PMI data, the market consensus if for a dip in the headline composite reading, to 52.7 from 53.3, with service sector expansion seen slowing after the acceleration in January, and manufacturing sector activity dipping back into mild contraction.

    Overall, the as-expected data will affirm a picture of a post-election rebound in activity. This, combined with markets anticipating a fiscally expansive 2020-21 budget presentation from the government in March, should keep the pound underpinned. The impact of the coronavirus hasn’t, by anecdotal measures, been much as yet.

    On the Brexit front, concerns persist. The government has clearly signalled that it aims for divergence from the EU, and leave, without a new trading agreement if necessary, the Brexit transition period at the end of the year. This would imply the UK shifting to WTO trading terms and conditions, which would erode terms of trade. Bear in mind that when the UK leaves transition phase, it won’t just be leaving the EU’s single market and customs union, but also the 40 free trade agreement that the Union has around the globe.

    [​IMG]

    In currency market meanwhile, Cable has continued to consolidate gains seen mid last week following signs that the government is gearing up a fiscally expansive policy. The pair has pullback to 1.3000 area, off from the two-week high of last Thursday at 1.3069.

    On the year-to-date, and from the mid-December election, the Pound has been trading mixed versus the other main currencies, lacking domestically generated directional bias. Political developments have seen UK Prime Minister Johnson strengthen his power, most notably with last week’s resignation of Chancellor of the Exchequer Sajid Javid, who was replaced by Rishi Sunak, which effectively green lights a fiscally expansive policy to finance major infrastructure projects (details are due to be announced at the government’s 2020-21 budget presentation in March).

    Available January data out of the UK have also confirmed a rebound in economic activity as the fog of political uncertainty cleared following the general election. On the negative side of the balance are persisting concerns about Brexit.

    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.

    Click HERE to access the full HotForex Economic calendar.

    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. Click HERE to register for FREE!

    Click HERE to READ more Market news.


    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.
     
  10. HFblogNews

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    Date : 20th February 2020.

    Yen tumble continues - 20th February


    [​IMG]

    The Yen has continued to tumble, and is showing a near 2% decline against the Dollar from yesterday’s opening levels.USDJPY printed a 10-month high at 112.10, just 28 pips away from its 10-month high, and EURJPY posted a 2-week high, at 121.00.

    There have been reports over the last day of major fund managers cutting yen longs, including against short regional Asian currency hedge positions, though most Asian currencies came under fairly heavy pressure today amid concerns about the coronavirus outbreak spreading regionally at an increased rate. There has also been talk of Japanese funds buying US Treasuries. While China reported a large drop in new coronavirus cases, just as the PBoC delivered an expected rate cut, South Korea and Japan reported increases in new cases.

    This news led to a mixed performance among Asian equity markets, with China outperforming while other benchmark indices sputtered. Trying to call the point of peak contagion, and thereby the peak of economic disruption, is tough, though the consensus seems to be that it will happen in March or April, aided by the arrival of warmer weather in the northern hemisphere (although scientists aren’t exactly sure if warm weather will have the same quelling effect as it does on flu and cold viruses).

    Japan’s Q4 GDP data, released on Monday, disappointed, showing a 1.6% q/q contraction versus the median forecast for -0.9%. Q3 data were also revised down, and the figures came amid expectations for a dismal current quarter performance given the impact of measures to contain the virus outbreak.

    There is a risk that USDJPY might sharply reverse gains should risk appetite in global markets deteriorate and sustain. Intraday meanwhile, momentum indicators continue their positive configuration, suggesting that despite the fact that the asset reached overbought territory there is still room to the upside. Stochastics slopes into overbought area and MACD extends above signal line suggesting strengthening of positive bias, whilst ATR posted a 16 pips move. Some correction could be seen ahead of US session, with immediate Support at 112.00 and 111.58 (yesterday’s peak), however the overall outlook remains positive. Resistance sits at 2019 peak , i.e. 112.38 and at 112.66 (R2 of the day).


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    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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