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price action trader
#1 بتاريخ : 26 May 2016 01:55:29(UTC)

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03:30 (3 hours left) - Australia: Private Capital Expenditure
Description:

Private Capex is released quarterly from the Australian Bureau of Statistics and measures the change in the total inflation-adjusted value of new capital expenditures made by private businesses. It's a leading indicator of economic health because businesses are quickly affected by market conditions, and changes in their investment levels can be an early signal of future economic activity such as hiring, spending, and earnings.

Summary:

With the RBA now having resumed their cutting cycle, major risk events like this have a downside bias. Capex for Q1 is expected to decline -3%. A miss will further increase bearishness in the AUD, whereas a beat will do little to reduce chances of further cuts. 

Expected Market Reaction:

If the figure beats estimates then we may see a knee-jerk move higher which should be calculated as a possible fade short. A miss on expectations will add to downside in Aussie which is likely to continue its downtrend for coming months. 

 
price action trader
#2 بتاريخ : 26 May 2016 01:57:42(UTC)

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10:30 (10 hours left) - United Kingdom: Second Estimate Gross Domestic Product
Description:
Released quarterly by the Office for National Statistics, Gross Domestic Product measures the change in the inflation-adjusted value of all goods and services produced by the economy. It's the broadest measure of economic activity and the primary gauge of the economy's health. There are 3 versions of GDP released a month apart; Preliminary, Second Estimate, and Final. The Preliminary release is the earliest, thus tends to have the most impact.

Summary:
The pound has remained relatively well supported over recent sessions as market expectations over the UK's EU referendum have became increasingly optimistic as recent polls show an increasing lead for the 'remain' campaign. The latest poll by Ipsos MORI suggesting an 18 point lead to the 'remain' campaign and ORB a 13 point lead, both resulted in cable rallying over 200 pips with GBP pairs supported across the board. Although economic data may still influence GBP, any news regarding the UK's EU referendum will likely overshadow economic data, especially as we head closer towards the referendum on June 23.

Second Estimate GDP is expected to remain unchanged from the Preliminary reading at 0.4% q/q and 2.1% y/y.

Expected Market Reaction:
Market sentiment in regards to the UK's EU referendum is likely to remain the primary driver of price action leading into the referendum on June 23. Any significant deviation in the data may provide short term trading opportunities, or if the deviation is in line with sentiment then further exacerbate price action in GBP pairs.

knightfx
#3 بتاريخ : 26 May 2016 02:15:47(UTC)
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Newyrok session forcast

Current Sentiment:
The Asia-Pacific session saw Construction Work Done from Australia miss estimates with a decline of -2.6% versus -1.4% expected, whilst New Zealand Trade Balance figures posted a wider than expected surplus at 292M versus 60.0M expected.

The main data release during today's London session was German Ifo Business Climate which printed at 107.7 versus 106.9 expected, EURUSD and EURGBP however both remain near session lows, benefiting from positive sentiment in both USD and GBP.

Market sentiment remains overall positive as the news of a new Greek deal is supporting equities and an overall risk on environment.

Coming up in today's New York session, the main highlight will be the latest interest rate announcement and accompanying statement from the BoC, shortly followed by this weeks release of Crude Oil Inventories.

*New updates to the fundamental section will be left in bold for 24 hours*

USD: Minutes from the April 26-27 meeting were hawkish and woke the market up to the chance of a hike in June; Fed Fund futures jumped from 12% to 33%. CPI for April came in close to estimates across the board with Core CPI at 2.1% y/y. NFP for April missed on the headline figure at 160k vs 202k expected. However, Average Hourly Earnings came in as expected at a solid 0.3% rise for the month, which bodes well for the inflation picture and prompted some upside in the USD post release.

EUR: Inflation data for April printed in line with expectations, pushing the Eurozone back into deflation. CPI y/y printed at -0.2% with Core CPI printing at 0.7%. Flash GDP for Q1 missed expectations at 0.5% q/q versus expectations of 0.6%, and at 1.5% y/y versus expectations of 1.6%.

GBP: Average Weekly Earnings for March increased by 2.0%, above expectations of 1.7%, Claimant Count Change also beat expectations, decreasing by 2,400 vs an expected increase of 4,000. CPI data for April missed estimates across the board with CPI y/y declining to 0.3%, below expectations of remaining unchanged at 0.5%, core CPI y/y missed at 1.2% versus expectations of 1.4%.

AUD: The minutes from the May 3 meeting showed the RBA considered waiting for more data before cutting rates. The RBA's Statement on Monetary Policy cut inflation forecasts, cementing the chance of future rate cuts. RBA cut the OCR to a new low of 1.75% on May 3. The Bank had clearly signalled their intention to do so in the prior decision statements, if inflation moved lower. CPI for Q1 missed by a wide margin with Trimmed Mean CPI printing at 1.7% y/y, below expectation of 2.0%.

NZD: Inflation Expectations for 2 years out sit at 1.64%. The FSR showed concerns over rising house prices but failed to introduce any new macroprudential controls, which suggests the RBNZ will remain on hold in June. Q1 employment was mixed with the jobless rate rising to 5.7% but job growth smashing estimates at 1.2% q/q.

CAD: Core CPI for April rose by 2.2% y/y versus expectations of 2.0% and by 1.7% for headline CPI y/y in line with expectations. A neutral to weakly-bullish currency, with sentiment in lock-step with WTI.

JPY: The BoJ kept policy unchanged at the April 28 meeting, which saw massive strength in yen across the board, given the market pricing for a potential announcement of further easing. The BoJ may ease further at the next meeting on June 16. Tokyo CPI Ex-Food & Energy for April was at 0.6% y/y. The BoJ measure of National Core CPI remained steady in at 1.1% y/y for March.

CHF: CPI beat estimates for April, printing at 0.3% m/m, above the 0.1% expected. Fundamentally a weak currency, highly correlated with moves in EUR.

Technicals:
We will be monitoring levels of support and resistance in unison with any impactful news and the underlying fundamentals in order to find a high probability trade. Support and resistance includes previous highs and lows (horizontal s/r), trendlines, moving averages, fibonacci retracements, daily pivot levels and round numbers. These levels of support and resistance are most effective when there are several of them converging at the same area (confluence).

price action trader
#4 بتاريخ : 26 May 2016 12:19:40(UTC)

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London Session Forecast

Current Sentiment:
The Asia-Pacific session saw Private Capital Expenditure from Australia miss estimates, declining -5.2% versus -3.2% expected. However planned business investment for 2016/17 rose from the first estimate of $82b to $89b. The increase in estimated future investment, alongside another rally in oil, has kept Aussie relatively well supported - up 55 pips on the session.

Cable has remained near highs despite a poll in the early Asian session showing 44% would vote to remain and 45% to vote to leave EU. More recently another poll has shown 65% to remain and 35% to leave EU.

The USD has seen a pull-back across the board during Asian trade, without any fundamental catalyst. The next major event for USD will be Durable Goods during the NY session.

Ahead we have GDP from the UK, which may have a lesser impact than usual due to the market's preoccupation with referendum polls.

*New updates to the fundamental section will be left in bold for 24 hours*

USD: Minutes from the April 26-27 meeting were hawkish and woke the market up to the chance of a hike in June; Fed Fund futures jumped from 12% to 33%. CPI for April came in close to estimates across the board with Core CPI at 2.1% y/y. NFP for April missed on the headline figure at 160k vs 202k expected. However, Average Hourly Earnings came in as expected at a solid 0.3% rise for the month, which bodes well for the inflation picture and prompted some upside in the USD post release.

EUR: Inflation data for April printed in line with expectations, pushing the Eurozone back into deflation. CPI y/y printed at -0.2% with Core CPI printing at 0.7%. Flash GDP for Q1 missed expectations at 0.5% q/q versus expectations of 0.6%, and at 1.5% y/y versus expectations of 1.6%.

GBP: Average Weekly Earnings for March increased by 2.0%, above expectations of 1.7%, Claimant Count Change also beat expectations, decreasing by 2,400 vs an expected increase of 4,000. CPI data for April missed estimates across the board with CPI y/y declining to 0.3%, below expectations of remaining unchanged at 0.5%, core CPI y/y missed at 1.2% versus expectations of 1.4%.

AUD: The minutes from the May 3 meeting showed the RBA considered waiting for more data before cutting rates. The RBA's Statement on Monetary Policy cut inflation forecasts, cementing the chance of future rate cuts. RBA cut the OCR to a new low of 1.75% on May 3. The Bank had clearly signalled their intention to do so in the prior decision statements, if inflation moved lower. CPI for Q1 missed by a wide margin with Trimmed Mean CPI printing at 1.7% y/y, below expectation of 2.0%.

NZD: Inflation Expectations for 2 years out sit at 1.64%. The FSR showed concerns over rising house prices but failed to introduce any new macroprudential controls, which suggests the RBNZ will remain on hold in June. Q1 employment was mixed with the jobless rate rising to 5.7% but job growth smashing estimates at 1.2% q/q.

CAD: Core CPI for April rose by 2.2% y/y versus expectations of 2.0% and by 1.7% for headline CPI y/y in line with expectations. A neutral to weakly-bullish currency, with sentiment in lock-step with WTI.

JPY: The BoJ kept policy unchanged at the April 28 meeting, which saw massive strength in yen across the board, given the market pricing for a potential announcement of further easing. The BoJ may ease further at the next meeting on June 16. Tokyo CPI Ex-Food & Energy for April was at 0.6% y/y. The BoJ measure of National Core CPI remained steady in at 1.1% y/y for March.

CHF: CPI beat estimates for April, printing at 0.3% m/m, above the 0.1% expected. Fundamentally a weak currency, highly correlated with moves in EUR.

Technicals:
We will be monitoring levels of support and resistance in unison with any impactful news and the underlying fundamentals in order to find a high probability trade. Support and resistance includes previous highs and lows (horizontal s/r), trendlines, moving averages, fibonacci retracements, daily pivot levels and round numbers. These levels of support and resistance are most effective when there are several of them converging at the same area (confluence).
abdelfattah123
#5 بتاريخ : 26 May 2016 12:56:32(UTC)
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EU MID-SESSION UPDATE: Stocks and bonds fail to find sustained direction this morning while GBP/USD falls below 1.47 after downward GDP Y/Y revision
European equities trade in mixed fashion with the Euro Stoxx 50 (-0.1%) modestly lower. Notable underperformance has been observed in periphery banks, particularly the Spanish banking sector after Banco Popular (-20%) reported that they are seeking to raise EUR 2bln through a share sale. Elsewhere, energy and material names have been among the best peroformers amid the upside in the commodity complex with Brent crude futures continuing to hover around YTD highs to remain above USD 50/bbl, while WTI crude trades slightly south of that mark having earlier reached a high of USD 49.95/bbl.

This morning has seen thin volumes from a fixed income perspective with Bunds relatively flat for the session as some participants observe the Corpus Christi holiday while some remain on the side lines until the conclusion of the G7 summit. Additionally, the persistent upside in crude prices have weighed on the long end, subsequently reversing some of the bull flattening seen yesterday.

In FX markets, GBP saw a delayed reaction to the downward Y/Y GDP revision as the Brexit debate continues to dominate price action, however GBP/USD later broke through notable levels having fallen through 1.4700, alongside EUR/GBP climbing above 0.7600.

Looking ahead today will see US weekly jobless data, durable goods orders & pending home sales as well as comments from Fed's Bullard and Powell.
abdelfattah123
#6 بتاريخ : 26 May 2016 12:59:04(UTC)
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Cable sensitivity highlighted
Highlighting the sensitive nature of Cable at these levels, especially ahead of Fed chair Yellen’s speech on Friday, we see a sharp turn lower as specs push the upside again soon after the Q1 growth data and run into a wall of bids to spark a sharp reversal. The move has since run into some support circa 1.4675 or so, but we also highlight the impact of an oversold EUR/GBP rate which looks overstretched (in relative terms), having seen some significant losses in a short space of time. .7565 was the low from yesterday, and having consolidated above here through the morning session, we have seen a spurt back through .7600, maintaining a bid tone to threaten a move on the .7640 intra day highs from Wednesday.
abdelfattah123
#7 بتاريخ : 26 May 2016 13:03:52(UTC)
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Italy sells EUR 2.5bln vs. Exp. EUR 2.0-2.5bln 2018 CTZ Auction b/c 1.61 of (Prev. 1.69) and average yield -0.137% (Prev. -0.063%)
abdelfattah123
#8 بتاريخ : 26 May 2016 13:07:44(UTC)
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DAILY US OPENING NEWS: Periphery banks underperform in the wake of reports that Banco Popular are seeking a EUR 2bln share sale, while UK GDP Y/Y was revised lower
26th May 2016

Underperformance observed in periphery banks after Banco Popular shares fall over 20% as they seek a EUR 2bln share sale.
GBP pares gains following downward revisions in the UK GBP Y/Y reading, while commodity linked currencies remain firm amid the persistent upside in crude prices.
Later in the day we will be looking out for US Pending Home Sales, Durable Goods Orders and Initial Jobless Claims
ASIA

Asia traded in modest positive territory taking the lead from Wall St. where the continued oil advance underpinned equity markets. ASX 200 (+0.3%) was supported by the fresh YTD highs in crude futures in which Brent rose above USD 50/bbl, but the index then pared most of its advances following mixed Capex data. Nikkei 225 (+0.1%) is also positive although off its best levels as JPY strength clouds sentiment. Elsewhere, the Shanghai Comp (+0.3%) underperformed for much of Asian trade amid debt and financial sector concerns, as brokerages are seen to suffer from weaker activity, however did see a turnaround late on to conform with its counterparts.

EQUITIES/ FIXED INCOME

European equities trade in mixed fashion with the Euro Stoxx 50 (+0.1%) modestly higher. Notable underperformance has been observed in periphery banks, particularly the Spanish banking sector after Banco Popular (-20%) reported that they are seeking to raise EUR 2bln through a share sale. Elsewhere, energy and material names have been among the best peroformers amid the upside in the commodity complex with Brent crude futures continuing to hover around YTD highs to remain above USD 50/bbl, while WTI crude trades slightly south of that mark having earlier reached a high of USD 49.95/bbl.

This morning has seen thin volumes from a fixed income perspective with Bunds relatively flat for the session as some participants observe the Corpus Christi holiday while some remain on the side lines until the conclusion of the G7 summit. Additionally, the persistent upside in crude prices have weighed on the long end, subsequently reversing some of the bull flattening seen yesterday.



FX

A mixed morning of trade, but one which highlights the sensitivity surrounding the Fed chair Yellen’s address to Harvard University in Massachusetts on Friday. The USD has been reined in a little since, making losing some ground against the CAD after the BoC meeting yesterday, but also on the Oil price gains seen to $50.0. AUD and NZD have also recovered a little, in line with the more positive risk tone, but the former still hampered by rate cut expectations, though the CAPEX miss overnight has not done too much damage. GBP is proving erratic once again, highlighting nerves seen through 1.4700 in Cable, having traded to within 30-35 ticks of the early May highs. Modest revisions lower in Q1 GDP had limited impact initially, but EUR/GBP has snapped up through .7600 again to reflect this; tentatively so as yet, but with EUR/USD also higher, more upside anticipated in both (to a modest degree). USD/JPY was hit back into the mid 109.00’s in thin trade overnight, but we have cautiously reclaimed 110.00 since.

UK GDP (Q1 P) Q/Q 0.40% vs. Exp. 0.40% (Prev. 0.40%)

UK GDP (Q1 P) Y/Y 2.00% vs. Exp. 2.10% (Prev. 2.10%)



COMMODITIES

Heading into the North American crossover, crude prices remain at elevated levels with Brent holding above USD 50/bbl while WTI reached a high of USD 49.95/bbl. Gold traded positive overnight but as risk sentiment was positive in the EU session it has subsequently dropped off, currently trading around the USD 1227.60/oz level. Silver is currently up 0.68% after being up as much as 1% overnight. This comes as broad-based strength across commodities sector also kept copper prices elevated. In China, iron ore prices are weaker with prices on the Dalian exchange down two percent at CNY 340.50 (USD 51.93)

SPDR gold trust holdings unchanged at 868.66 metric tons. (Newswires)

China iron ore production rose by 2.3% Y/Y in April. (Newswires)

Strikes are continuing at French refineries and ports and fuel storage sites remain at a blockaded across the country (Platts)
abdelfattah123
#9 بتاريخ : 26 May 2016 13:41:57(UTC)
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- In the FX space, the notable mover has been GBP/USD which fell through 1.4700 inspired by the downward revision in the UK GDP Y/Y reading, however in recent trade GBP/USD has seen somewhat of a turnaround to reclaim 1.4700. Elsewhere, commodity-linked currencies are trading at their highs against the USD amid the persistent upside in the crude prices.

- Credit markets have been subdued with volumes light as we head towards the aforementioned market closures and as we head towards the US Memorial day.

- In Equities, Spanish banks underperform in the wake of reports that Banco Popular are seeking a EUR 2bln share sale, as such company shares have fallen over 20%.
abdelfattah123
#10 بتاريخ : 26 May 2016 13:43:34(UTC)
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Current Sentiment:
The Asia-Pacific session saw Private Capital Expenditure from Australia miss estimates, declining -5.2% versus -3.2% expected. However planned business investment for 2016/17 rose from the first estimate of $82b to $89b.

The latest UK referendum poll by BMG, released in the early Asian session implied that 44% would vote to remain and 45% would vote to leave the EU. More recently however the Ashcroft poll has shown 65% to remain and 35% to leave EU.

During the London session, the main event was Second Estimate GDP from the UK. GDP q/q printed unchanged as expected at 0.4%, however GDP y/y printed at 2.0% versus expectations of remaining unchanged at 2.1%. The slight slowdown is largely due to a 0.4% reduction in production, a 1% decline in construction, and business investment declining by 0.4% y/y and 0.5% q/q. Services however which accounts for 79% of GDP increased by 0.6%, marking the 13th consecutive quarter of growth. Cable declined roughly 40 pips following the release, however most of this move has since been pared, with cable currently approaching pre-announcement levels.

Coming up in today's New York session will be Durable Goods data from the US, with CPI data from Japan in the following Asia-Pacific session.



*New updates to the fundamental section will be left in bold for 24 hours*

USD: Minutes from the April 26-27 meeting were hawkish and woke the market up to the chance of a hike in June; Fed Fund futures jumped from 12% to 33%. CPI for April came in close to estimates across the board with Core CPI at 2.1% y/y. NFP for April missed on the headline figure at 160k vs 202k expected. However, Average Hourly Earnings came in as expected at a solid 0.3% rise for the month, which bodes well for the inflation picture and prompted some upside in the USD post release.

EUR: Inflation data for April printed in line with expectations, pushing the Eurozone back into deflation. CPI y/y printed at -0.2% with Core CPI printing at 0.7%. Flash GDP for Q1 missed expectations at 0.5% q/q versus expectations of 0.6%, and at 1.5% y/y versus expectations of 1.6%.

GBP: Second Estimate GDP for Q1 printed unchanged q/q as expected at 0.4%, however GDP y/y printed at 2.0% versus expectations of remaining unchanged at 2.1%. Average Weekly Earnings for March increased by 2.0%, above expectations of 1.7%, Claimant Count Change also beat expectations, decreasing by 2,400 vs an expected increase of 4,000. CPI data for April missed estimates across the board with CPI y/y declining to 0.3%, below expectations of remaining unchanged at 0.5%, core CPI y/y missed at 1.2% versus expectations of 1.4%.

AUD: The minutes from the May 3 meeting showed the RBA considered waiting for more data before cutting rates. The RBA's Statement on Monetary Policy cut inflation forecasts, cementing the chance of future rate cuts. RBA cut the OCR to a new low of 1.75% on May 3. The Bank had clearly signalled their intention to do so in the prior decision statements, if inflation moved lower. CPI for Q1 missed by a wide margin with Trimmed Mean CPI printing at 1.7% y/y, below expectation of 2.0%.

NZD: Inflation Expectations for 2 years out sit at 1.64%. The FSR showed concerns over rising house prices but failed to introduce any new macroprudential controls, which suggests the RBNZ will remain on hold in June. Q1 employment was mixed with the jobless rate rising to 5.7% but job growth smashing estimates at 1.2% q/q.

CAD: Core CPI for April rose by 2.2% y/y versus expectations of 2.0% and by 1.7% for headline CPI y/y in line with expectations. A neutral to weakly-bullish currency, with sentiment in lock-step with WTI.

JPY: The BoJ kept policy unchanged at the April 28 meeting, which saw massive strength in yen across the board, given the market pricing for a potential announcement of further easing. The BoJ may ease further at the next meeting on June 16. Tokyo CPI Ex-Food & Energy for April was at 0.6% y/y. The BoJ measure of National Core CPI remained steady in at 1.1% y/y for March.

CHF: CPI beat estimates for April, printing at 0.3% m/m, above the 0.1% expected. Fundamentally a weak currency, highly correlated with moves in EUR.

Technicals:
We will be monitoring levels of support and resistance in unison with any impactful news and the underlying fundamentals in order to find a high probability trade. Support and resistance includes previous highs and lows (horizontal s/r), trendlines, moving averages, fibonacci retracements, daily pivot levels and round numbers. These levels of support and resistance are most effective when there are several of them converging at the same area (confluence).
abdelfattah123
#11 بتاريخ : 26 May 2016 14:06:00(UTC)
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Notable metals from Asian and European trade...
For much of the European morning, gold have seen little price action with prices remaining at elevated levels amid the weaker USD underpinning the precious metal. Overnight gold fell overnight but then surged USD 10 to reach USD 1234.14/oz, Silver is currently up 0.77% after being up as much as 1%. This comes as broad-based strength across commodities sector also kept copper prices elevated. In China, iron ore prices are weaker with prices on the Dalian exchange down two percent at CNY 340.50 (USD 51.93)

SPDR gold trust holdings unchanged at 868.66 metric tons. (Newswires)

China iron ore production rose by 2.3% Y/Y in April. (Newswires)
abdelfattah123
#12 بتاريخ : 26 May 2016 14:07:39(UTC)
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NOTICE: Due to the upcoming UK bank holiday and US Memorial Day holiday on Monday 30th May, the desk will be running a reduced service alongside the subsequent market closures. See below for further details
- On Sunday May 29th the Asia-Pacific service will open at its regular time of 2200BST/1600CDT with the European service also opening at its regular time of 0630BST/0030CDT given that European markets will be open for trade.

- The European service will run to 1630BST to cover the European cash equity close, upon which the desk will close. Note, there will be no US service thereafter for that session due to US market closures.

- The service will then re-open later that evening on May 30th at 2200BST for the beginning of the Asia-Pacific session with full coverage to resume thereafter on Tuesday May 31st.

UK

All UK products are closed

EUROPE

Regular close and trading

US

Floor Trade

All closed

Electronic Trade

Equity (Closed 1200CDT/1800BST, Re-opens 1700CDT/2300BST)

Interest Rate (Closed 1200CDT/1800BST, Re-opens 1700CDT/2300BST)

FX (Closed 1200CDT/1800BST, Re-opens 1700CDT/2300BST)

NYMEX (Closed 1200CDT/1800BST, Re-opens 1700CDT/2300BST)
abdelfattah123
#13 بتاريخ : 26 May 2016 14:09:42(UTC)
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United States: Durable Goods
Description:
Durable Goods Orders are released monthly by the US Census Bureau. In economics, a durable good or a hard good is a good that does not quickly wear out; one that yields utility over time rather than being completely consumed in one use, generally having a lifespan of more than three years. Examples include home appliances, consumer electronics, furniture, sports equipment, firearms, industrial machinery, trains, planes and automobiles. The opposite is a consumable good. Durable Goods Orders measures the change in the total value of new purchase orders placed with manufacturers for durable goods. It is a leading indicator of production because rising purchase orders signal that manufacturers will increase activity as they work to fill the orders. The Core data excludes transportation items and is a better gauge of purchase order trends because aircraft and other transportation goods are so expensive, large orders can skew the monthly numbers and make it difficult to ascertain the underlying trend.

Summary:
With the release FOMC minutes showing a willingness by the Fed to raise rates again as early as June, the bias for the USD is firmly to the upside. The dollar has seen some strength since the minutes but has pulled back in recent trade. The market will be focusing on this data intently to gauge the prospects of a rate hike in June.

Expected Market Reaction:
The most important figure will be Durables Ex-Transport (Core), which is expected at 0.3% for April. A beat on these figures will likely see a resumption of the bullish USD trend whereas a miss may see a further pullback until the market see US GDP on Friday.
abdelfattah123
#14 بتاريخ : 26 May 2016 17:02:23(UTC)
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Option expiries of note for today's 1000am NY cut (1500BST)
- USDJPY: 108.00 (USD 200mln) 110.75 (250mln)

- EURUSD: 1.1100 (EUR 248mln) 1.1150 (660mln)

- GBPUSD: 1.4450 (GBP 526mln) 1.4585 (493mln)

- EURGBP: 0.7635 (EUR 730mln) 0.7750 (875mln) 0.7800 (420mln)

- AUDUSD: 0.7210 (AUD 1.08bln) 0.7500 (340mln)

- USDCAD: 1.3000 (USD 560mln) 1.3150 (360mln)
abdelfattah123
#15 بتاريخ : 26 May 2016 17:04:28(UTC)
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The reaction in the USD after the data was initially muted, but since we have seen a strong sell off in the DXY, with EUR/USD rising above the 1.1200 area. With this, GBP/USD hasn't matched the EUR reaction, only appreciating around 14 pips and in turn the difference between EUR/GBP has risen 29 pips. The reason for this may be US participants digesting the slightly worse than expected GDP data from the UK earlier in the EU session with the Y/Y result at 2.00% vs. Exp. 2.10%.
abdelfattah123
#16 بتاريخ : 26 May 2016 17:05:23(UTC)
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NOTICE: Due to the upcoming UK bank holiday and US Memorial Day holiday on Monday 30th May, the desk will be running a reduced service alongside the subsequent market closures. See below for further details
- On Sunday May 29th the Asia-Pacific service will open at its regular time of 2200BST/1600CDT with the European service also opening at its regular time of 0630BST/0030CDT given that European markets will be open for trade.

- The European service will run to 1630BST to cover the European cash equity close, upon which the desk will close. Note, there will be no US service thereafter for that session due to US market closures.

- The service will then re-open later that evening on May 30th at 2200BST for the beginning of the Asia-Pacific session with full coverage to resume thereafter on Tuesday May 31st.

UK

All UK products are closed

EUROPE

Regular close and trading

US

Floor Trade

All closed

Electronic Trade

Equity (Closed 1200CDT/1800BST, Re-opens 1700CDT/2300BST)

Interest Rate (Closed 1200CDT/1800BST, Re-opens 1700CDT/2300BST)

FX (Closed 1200CDT/1800BST, Re-opens 1700CDT/2300BST)

NYMEX (Closed 1200CDT/1800BST, Re-opens 1700CDT/2300BST)
abdelfattah123
#17 بتاريخ : 26 May 2016 17:06:49(UTC)
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US Pending Home Sales (Apr) M/M 5.10% vs. Exp. 0.60% (Prev. 1.40%)
abdelfattah123
#18 بتاريخ : 26 May 2016 17:07:32(UTC)
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US Pending Home Sales NSA (Apr) Y/Y 2.90% (Prev. 0.10%, Rev. 3.20%)
abdelfattah123
#19 بتاريخ : 27 May 2016 03:36:40(UTC)
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PRE-MARKET SOUTH KOREAN STOCK NEWS: Highlights include: Samsung Electronics (005930 KS) showcased its budget series Galaxy C5 and C7 smartphones in China on Thursday
Samsung Electronics Co. (005930 KS)
- Co. showcased its budget series Galaxy C5 and C7 smartphones in China on Thursday. (Yonhap)

Hyundai Merchant (011200 KS)
- Korea Development Bank sees progress regarding charter rate discussions. (Newswires)

Financials
- South Korea is to tighten lending regulations for the non-banking sector. (Yonhap)

Construction/Property
- South Korea and China agreed to work together on construction and plant projects in overseas markets. (Yonhap)
- South Korea new housing permits rose 16% Y/Y in April. (Yonhap)
abdelfattah123
#20 بتاريخ : 27 May 2016 03:38:53(UTC)
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PRE-MARKET JAPANESE STOCK NEWS: Highlights include: Japanese PM Abe is set to announce a tax-hike delay next week, according to Japanese press
TEPCO (9501 JT)
- Japan is set to give approval for Tepco (9501 JT) and J-Power (9513 JT) coal plant near Tokyo. (Kyodo)

Mitsui & Co. (8031 JT)
- Moody’s downgraded Co. credit rating to A3 from A2. (Newswires)

Mitsui Fudosan (8801 JT)
- Moody’s upgraded Co. credit rating to A2 from A3. (Newswires)

Battery makers including Panasonic (6752 JT)
- Volkswagen (VOW3 GY) is mulling a multi-billion battery factory. (Handelsblatt)

Takata (7312 JT)
- Co. and Honda (7267 JT) have been sued by US Virgin Islands regarding faulty airbags. (Newswires)

Other Stories
- Japanese PM Abe is likely to make an announcement in regards to sales tax on Monday, according to Kyodo, while Nikkei reported that PM Abe is set to announce a tax-hike delay on Wednesday. (Kyodo/Nikkei)
- G7 leaders reached a vague accord on steps to support growth as they agreed to take fiscal steps to support growth "flexibly" depending on the economic conditions in each country. (Kyodo)
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