Analytics, News, and Forecasts for CFD Markets: currency news — 07-11-2017.

06:00 China Trade Balance, bln October 28.61 39.50

08:00 Japan Leading Economic Index (Preliminary) September 107.2 106.7

08:00 Japan Coincident Index (Preliminary) September 117.7

10:45 France Trade Balance, bln September -4.5 -4.8

16:15 Canada Housing Starts October 217.1 210.0

16:30 Canada Building Permits (MoM) September -5.5% -0.2%

18:30 U.S. Crude Oil Inventories November -2.435 -2.800

23:00 New Zealand RBNZ Interest Rate Decision 1.75% 1.75%

23:00 New Zealand RBNZ Rate Statement

The number of job openings was little changed at 6.1 million on the last business day of September, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were also little changed at 5.3 million and 5.2 million, respectively. Within separations, the quits rate and the layoffs
and discharges rate were little changed at 2.2 percent and 1.2 percent, respectively. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by four geographic regions.

AUD / CAD after having suffered a depreciation of,roughly 80 pips, has been showing an uncertainty in the trend to follow.

However, and in this scenario, it might be interesting to see if the price breaks the consolidation zone (the rectangle).

In this way we can consider short entries if the price breaks the consolidation below or long if the price breaks the consolidation above.

EURUSD: 1.1650 (EUR 410m) 1.1680-90 (550m) 1.1700 (605m) 1.1810 (340m)

USDJPY: 110.80 (USD 620m) 111.75 (300m) 113.60 (325m) 114.50 (905m) 115.00(1.21bln)

GBPUSD: 1.3020-23 (GBP 300m) 1.3150 (830m) 1.3286 (240m)

AUDUSD: 0.7700 (AUD 310m)

USDCAD: 1.2565 (USD 830m) 1.2610 (240m) 1.3025(490m)

NZD/USD: 0.6950 (NZD 330m)

• Trims medium-term demand forecast for its crude on higher non-opec supply view

• Sees demand for its crude rising to 33.10 million bpd in 2019, down from 33.70 mln bpd in 2016 report

• Says global oil demand could plateau in second half of 2030s if electric vehicles are adopted more rapidly

October saw a seventh successive monthly rise in sales at eurozone retailers. This was the longest period of growth in nearly 11 years. The expansion was broad-based across the "big-three‟ euro area economies. That said, the rate of growth eased amid weaker increases in France and Germany, and was only slight overall. The headline IHS Markit Eurozone Retail PMI® - which tracks the month-on-month changes in retail sales in the bloc‟s biggest three economies combined - dropped to 51.1 in October, from 52.3 in September. In contrast, sales were down on an annual basis, thereby reversing the upturn seen in the previous survey period

House prices in the last three months (August-October) were 2.3% higher than in the previous three months (May-July). This is the fastest price growth, on this measure, since January.

Prices in the three months to October were 4.5% higher than in the same three months a year earlier. The annual rate in October is higher than in September (4.0%) and at its highest growth rate since February.

House prices rose by 0.3% between September and October, following a 0.8% increase in September. The average price of £225,826 is the highest on record and 2.8% higher than in January (£219,741).

Russell Galley, Managing Director, Halifax Community Bank, said: "The annual rate of growth has continued to rise for the third month in succession, rising from 4.0% in September to 4.5% in October. The average house price is now £225,826 - exceeding last month's previous high. House prices in the three months to October were 2.3% higher than in the previous quarter, the fastest quarterly increase since January".

EUR/USD

Resistance levels (open interest**, contracts)

$1.1720 (3386)

$1.1695 (1260)

$1.1652 (758)

Price at time of writing this review: $1.1591

Support levels (open interest**, contracts):

$1.1563 (5785)

$1.1537 (8279)

$1.1506 (5994)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date December, 8 is 147099 contracts (according to data from November, 6) with the maximum number of contracts with strike price $1,1600 (8279);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3260 (1251)

$1.3231 (619)

$1.3213 (1281)

Price at time of writing this review: $1.3143

Support levels (open interest**, contracts):

$1.3107 (1118)

$1.3058 (1307)

$1.3027 (2353)

Comments:

- Overall open interest on the CALL options with the expiration date December, 8 is 38774 contracts, with the maximum number of contracts with strike price $1,3200 (3193);

- Overall open interest on the PUT options with the expiration date December, 8 is 37962 contracts, with the maximum number of contracts with strike price $1,3000 (4620);

- The ratio of PUT/CALL was 0.98 versus 0.99 from the previous trading day according to data from November, 6

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

• Expects economy to grow at an annual 3 pct rate over the next few years

• Signs conditions are easing in sydney house prices

• Rising AUD would slow economy

• Inflation remains low, likely to stay so for some time

• Global economy continuing to improve

• Unemployment expected to decline gradually

• Increased infrastructure investment supporting the economy

• Forecast for australian economy largely unchanged

"At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.

Conditions in the global economy are continuing to improve. Labour markets have tightened and further above-trend growth is expected in a number of advanced economies, although uncertainties remain. Growth in the Chinese economy is being supported by increased spending on infrastructure and property construction, with the high level of debt continuing to present a medium-term risk. Australia's terms of trade are expected to decline in the period ahead but remain at relatively high levels.

Wage growth remains low in most countries, as does core inflation. Headline inflation rates are generally lower than at the start of the year, largely reflecting the earlier decline in oil prices. In the United States, the Federal Reserve has started the process of balance sheet normalisation and expects to increase interest rates further. In a number of other major advanced economies, monetary policy has become a bit less accommodative. Equity markets have been strong, credit spreads have narrowed and volatility in financial markets remains low.

The Bank's forecasts for growth in the Australian economy are largely unchanged. The central forecast is for GDP growth to pick up and to average around 3 per cent over the next few years. Business conditions are positive and capacity utilisation has increased. The outlook for non-mining business investment has improved, with the forward-looking indicators being more positive than they have been for some time. Increased public infrastructure investment is also supporting the economy. One continuing source of uncertainty is the outlook for household consumption. Household incomes are growing slowly and debt levels are high".

In September 2017, production in industry was down by 1.6% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In August 2017, the corrected figure shows an increase of 2.6%, thus confirming the provisional result published in the previous month.

In September 2017, production in industry excluding energy and construction was down by 1.6%. Within industry, the production of capital goods decreased by 2.7% and the production of consumer goods by 0.3%. The production of intermediate goods showed a decrease of 0.8%. Energy production was down by 4.3% in September 2017 and the production in construction increased by 0.4%