CFD Markets News and Forecasts — 06-11-2017

(index / closing price / change items /% change)

Nikkei +9.23 22548.35 +0.04%

TOPIX -1.42 1792.66 -0.08%

Hang Seng -6.81 28596.80 -0.02%

CSI 300 +28.19 4020.89 +0.71%

Euro Stoxx 50 -7.60 3682.36 -0.21%

FTSE 100 +1.93 7562.28 +0.03%

DAX -10.07 13468.79 -0.07%

CAC 40 -10.72 5507.25 -0.19%

DJIA +9.23 23548.42 +0.04%

S&P 500 +3.29 2591.13 +0.13%

NASDAQ +22.00 6786.44 +0.33%

S&P/TSX +72.04 16092.20 +0.45%

(pare/closed(GMT +3)/change, %)

EUR/USD $1,1608 0,00%

GBP/USD $1,3169 +0,72%

USD/CHF Chf0,99727 -0,31%

USD/JPY Y113,68 -0,34%

EUR/JPY Y132,00 -0,33%

GBP/JPY Y149,7 +0,37%

AUD/USD $0,7689 +0,52%

NZD/USD $0,6943 +0,55%

USD/CAD C$1,27023 -0,45%

01:30 Australia AiG Performance of Construction Index October 54.7

03:00 Japan Labor Cash Earnings, YoY September 0.9% 0.6%

06:30 Australia Announcement of the RBA decision on the discount rate 1.5% 1.50%

06:30 Australia RBA Rate Statement

10:00 Germany Industrial Production s.a. (MoM) September 2.6% -0.8%

11:00 Switzerland Foreign Currency Reserves October 724.4

11:30 United Kingdom Halifax house price index October 0.8% 0.3%

11:30 United Kingdom Halifax house price index 3m Y/Y October 4.0% 3.6%

12:00 Eurozone ECB President Mario Draghi Speaks

13:00 Eurozone Retail Sales (YoY) September 1.2% 2.7%

13:00 Eurozone Retail Sales (MoM) September -0.5% 0.6%

18:00 U.S. JOLTs Job Openings September 6.082 5.980

21:10 Canada BOC Gov Stephen Poloz Speaks

23:00 U.S. Consumer Credit September 13.06 18.50

23:00 U.S. Fed Chairman Janet Yellen Speaks

The main US stock indexes finished the session in positive territory, and Nasdaq during the session renewed its record high against the news about the possible takeover of QUALCOMM Incorporated by Broadcom Limited for $ 103 bn, which is the biggest takeover in the chip manufacturers sector.

Important statistical data that could have an impact on the mood of market participants, was not published.

The corporate reporting season continues, but the number of "significant" issuers in the list of those who have yet to publish results, begins to decline. Priceline (PCLN) will present its quarterly report after the close of today's session, while 21st Century Fox (FOXA), Walt Disney (DIS) and NVIDIA (NVDA) will report later this week.

Quotes of oil jumped by more than 3% on Monday, and reached their highest level since July 2015, as the Crown Prince of Saudi Arabia consolidated his power over the weekend by "cleaning" the political elite, and global markets continued to tighten. Analysts do not yet see that Saudi Arabia, the world's largest oil exporter, is changing its policy of raising the price of crude oil.

Components of the DOW index finished trading mixed (13 in positive territory, 17 in negative territory). The leader of growth was the shares of The Walt Disney Company (DIS, + 2.20%). Outsider were the shares of Verizon Communications Inc. (VZ, -4.09%).

Most sectors of the S & P index recorded an increase. The base resources sector grew most (+ 2.0%). The health sector showed the greatest decline (-0.3%).

At closing:

DJIA + 0.04% 23.548.42 +9.23

Nasdaq + 0.33% 6,786.44 +22.00

S & P + 0.13% 2.591.13 +3.29

EUR/USD on last Friday confirmed and tested the neckline of the "head and shoulders" (chart pattern).

U.S. stock-index futures were flat on Monday following a record-setting week as investors focused on the U.S. President Donald Trump's Asia tour and oil prices, which climbed to their highest in over two years, reacting to Saudi Arabia's anti-corruption crackdown.

Global Stocks:

Nikkei 22,548.35 +9.23 +0.04%

Hang Seng 28,596.80 -6.81 -0.02%

Shanghai 3,389.12 +17.37 +0.52%

S&P/ASX 5,953.78 -6.10 -0.10%

FTSE 7,561.26 +0.91 +0.01%

CAC 5,506.59 -11.38 -0.21%

DAX 13,460.80 -18.06 -0.13%

Crude $55.91 (+0.49%)

Gold $1,272.30 (+0.24%)

(company / ticker / price / change ($/%) / volume)

Goldman Sachs (GS) downgraded to Sell from Hold at Vertical Group

Twitter (TWTR) upgraded to Neutral from Sell at Citigroup

EURUSD: 1.1530 (EUR 310m) 1.1600 (595m) 1.1670-75 (710m) 1.1690-00 (640m)

USDJPY: 111.90-95 (USD 500m) 112.95-113.00 (535m) 113.40 (400m) 114.50 (1.12bln) 115.00 (365m)

GBPUSD: Ntg of note

AUDUSD: 0.7850 (AUD 280m)

EURJPY: 130.35 (EUR 310m)

• NY Fed board says Dudley's early retirement meant to ensure successor in place well before term ends

• Yellen in statement says Dudley made 'enormous contributions' to Fed policy

In September 2017, compared with August 2017, industrial producer prices rose by 0.6% in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In August 2017, prices increased by 0.3% in the euro area and by 0.4% in the EU28. In September 2017, compared with September 2016, industrial producer prices rose by 2.9% in the euro area and by 3.3% in the EU28.

In the EU28, the 0.6% increase is due to rises of 2.0% in the energy sector, of 0.4% for intermediate goods, of 0.2% for durable consumer goods and of 0.1% for non-durable consumer goods, while prices remained stable for capital goods. Prices in total industry excluding energy rose by 0.2%.

Although the rate of output growth eased slightly, it remained among the fastest registered over the past six-and-a-half years, while the pace of job creation was the best in over a decade. Both were underpinned by the strongest inflows of new business since April 2011.

The final IHS Markit Eurozone PMI Composite Output Index posted 56.0 in October, down from 56.7 in September, but above the earlier flash estimate of 55.9. The headline index has signalled expansion in each of the past 52 months

Germany's service sector started the fourth quarter on a strong footing, despite growth in business activity easing slightly since September, according to the latest PMI survey data from IHS Markit. Inflows of new work rose at the fastest pace for 20 months in October, signalling a backdrop of robust demand, and job creation also picked up to show the strongest increase in tertiary sector employment since May.

The seasonally adjusted final IHS Markit Germany Services PMI Business Activity Index was at 54.7 in October, down from September's six-month high of 55.6 (and below the flash estimate of 55.2) but still indicative of a robust rate of expansion. The latest figure was slightly above the average recorded in the third quarter, and indeed for the year so far (54.5).

The consumer price index (CPI) increased by 0.1% in October 2017 compared with the previous month, reaching 100.9 points (December 2015=100). Inflation was 0.7% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

The Spanish service sector remained comfortably in growth territory during October, seeing marked increases in activity and new business, as well as a faster pace of job creation. That said, the rate of expansion in business activity was the slowest since January amid reports that political uncertainty in Catalonia dampened growth. Similarly, business confidence dipped to the lowest in just over a year.

The headline seasonally adjusted Business Activity Index posted 54.6 in October, down from 56.7 in September. Output has now risen on a monthly basis throughout the past four years. The latest expansion was marked, but the slowest since January.

• Expect prices of processed goods, daily necessities to accelerate as private consumption increases gradually

• Japan households becoming more accepting to price hikes, more retailers raising prices

• BoJ is mindful that prolonged monetary easing risks hurting bank profits, financial intermediation

• BoJ will proceed with powerful monetary easing under yield curve control

• Still some distance to achieving 2 pct inflation target

• One member said ycc does not rule out possibility of 10-yr yield becoming negative

• A few members said BoJ would change market operations if yen appreciation were to impact economy

• Some members said need to avoid hampering functioning of financial system

• One member said a further increase in demand needed to raise prices

• If N.Korea's Kim were to send back japanese abductees it would be the start of something special

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in September 2017 a seasonally and working-day adjusted 1.0% on the previous month. In the past two months, German companies have received almost as many orders as they did before the economic and financial crisis end of 2007. For August 2017, revision of the preliminary outcome resulted in increase of 4.1% compared with July 2017 (primary +3.6%). Price-adjusted new orders without major orders in manufacturing had increased in September 2017 a seasonally and working-day adjusted 1.3% on the previous month.

In September 2017, domestic orders decreased by 0.1% and foreign orders increased by 1.7% on the previous month. New orders from the euro area were up 6.3%, new orders from other countries decreased 1.0% compared to August 2017.

The Nasdaq Composite Index made history on Friday, as Apple Inc. helped to propel the technology sector to new heights. The technology-stacked Nasdaq COMP, +0.74% marked its 63rd record close of 2017, surpassing the previous record of 62 all-time closing highs in a calendar year rung up in 1980-a tally it matched on Oct. 31, according to WSJ Market Data Group. All three main benchmark equity indexes closed at records at the same time for the 25th time this year, tying a record for the calendar-year trifecta set in 1995.

Global stock markets were broadly lower in Asia on Monday, despite record gains on Wall Street, with Hong Kong lagging behind the region as China-related firms pulled back. The Hang Seng Index HSI, -0.49% was down 0.6% in afternoon Asian trade, after falling about 1.5%, amid declines in Chinese financial and property stocks. The Hang Seng China Enterprises Index, which tracks the movement of Chinese companies, known as H-shares, was down 1.1%.

EUR/USD

Resistance levels (open interest**, contracts)

$1.1755 (4514)

$1.1701 (1077)

$1.1657 (759)

Price at time of writing this review: $1.1611

Support levels (open interest**, contracts):

$1.1559 (5787)

$1.1533 (8039)

$1.1502 (5906)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date December, 8 is 146817 contracts (according to data from November, 3) with the maximum number of contracts with strike price $1,1600 (8039);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3204 (1281)

$1.3180 (649)

$1.3130 (1281)

Price at time of writing this review: $1.3074

Support levels (open interest**, contracts):

$1.3035 (1118)

$1.3001 (1281)

$1.2953 (1780)

Comments:

- Overall open interest on the CALL options with the expiration date December, 8 is 37633 contracts, with the maximum number of contracts with strike price $1,3200 (3038);

- Overall open interest on the PUT options with the expiration date December, 8 is 37342 contracts, with the maximum number of contracts with strike price $1,3000 (4568);

- The ratio of PUT/CALL was 0.99 versus 0.88 from the previous trading day according to data from November, 3

* - 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.