CFD Markets News and Forecasts — 10-07-2017

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

Nikkei +151.89 20080.98 +0.76%

TOPIX +8.42 1615.48 +0.52%

Hang Seng +159.21 25500.06 +0.63%

CSI 300 -2.24 3653.69 -0.06%

Euro Stoxx 50 +14.22 3478.06 +0.41%

FTSE 100 +19.11 7370.03 +0.26%

DAX +57.24 12445.92 +0.46%

CAC 40 +20.48 5165.64 +0.40%

DJIA -5.82 21408.52 -0.03%

S&P 500 +2.25 2427.43 +0.09%

NASDAQ +23.32 6176.40 +0.38%

S&P/TSX +78.13 15105.29 +0.52%

(pare/closed(GMT +2)/change, %)

EUR/USD $1,1397 -0,04%

GBP/USD $1,2879 -0,02%

USD/CHF Chf0,9656 +0,18%

USD/JPY Y114,06 +0,14%

EUR/JPY Y129,99 +0,11%

GBP/JPY Y146,89 +0,11%

AUD/USD $0,7604 0,00%

NZD/USD $0,7268 -0,18%

USD/CAD C$1,2887 +0,09%

01:30 Australia National Australia Bank's Business Confidence June 7

01:30 Australia Home Loans May -1.9%

03:05 U.S. FOMC Member Williams Speaks

06:00 Japan Prelim Machine Tool Orders, y/y June 24.4%

10:00 United Kingdom MPC Member Andy Haldane Speaks

11:00 United Kingdom MPC Member Dr Ben Broadbent Speaks

12:00 Eurozone ECB's Benoit Coeure Speaks

12:15 Canada Housing Starts June 195

14:00 U.S. Wholesale Inventories May -0.4% 0.3%

14:00 U.S. JOLTs Job Openings May 6.044

16:30 U.S. FOMC Member Brainard Speaks

17:20 U.S. FOMC Member Kashkari Speaks

The main US stock indexes mainly increased, as the rise in price of shares in the technological sector outweighed losses in the conglomerate sector.

Important data that could have an impact on the mood of global sites, was not published. The strong US labor market data released on Friday added investors confidence in the strength of the economy. Now the market participants are looking forward to the comments of the head of the Fed Yellen, who on Wednesday and Thursday will deliver a semi-annual report in Congress. As expected, Yellen can signal about the further actions of the regulator. While the most likely is the adoption at a meeting in September of a decision on the beginning of the process of reducing the balance, while the increase in rates is projected in December.

In the focus of attention are shares of the company Tesla (TSLA). At the weekend, the company's CEO posted on Twitter and Instagram a photo of the first Tesla Model 3 car, on which the new four-door sedan was parked in front of the Tesla plant in Fremont, California.

Investors are gradually preparing for the season of corporate reporting for the second quarter, which starts this Friday with the publication of the results of financial "whales" JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC). Analysts predict that in the second quarter of the company S & P 500 will show an 8-percent y / y growth in profits (according to Thomson Reuters).

The components of the DOW index finished trading mixed (15 in positive territory, 15 in negative territory). Leader of growth were shares of Visa Inc. (V, + 1.47%). Wal-Mart Stores, Inc. turned out to be an outsider. (WMT, -2.55%).

Most sectors of the S & P recorded a rise. The technological sector grew most (+ 0.8%). The greatest decrease was shown by the sector of conglomerates (-0.4%).

At closing:

DJIA -0.02% 21.410.33 -4.01

Nasdaq + 0.38% 6.176.39 +23.31

S & P + 0.09% 2.427.45 + 2.27

EURUSD: 1.1250 (EUR 360m) 1.1275 (272m) 1.1350 (660m) 1.1375 (305m) 1.1400 (1.1bln) 1.1440-50 (1.17bln) 1.1500 (270m)

USDJPY: 112.75 (USD 795m) 113.00 (410m) 113.50 (315m) 114.00-10 (715m) 114.20-30 (1.1bln) 114.75 (350m) 115.50 (395m)

USDCHF: 0.9650 (USD 195m)

EURGBP: 0.8750 (EUR 180m)

AUDUSD: 0.7500 (AUD 240m) 0.7565 (300m) 0.7600 (375m) 0.7650 (810m) 0.7720-30 (550m) 0.7750 (350m)

USDCAD: 1.3000-10 (USD 200m)

NZDUSD: 0.7260 (NZD 260m)

U.S. stock-index futures were flat after Friday's rally as investors awaited fresh catalysts. Later this week, the focus will be on the Fed Chair Janet Yellen's semi-annual monetary policy testimony to the Congress (due on Wednesday and Thursday) and earnings season, which unofficially kicks off on Friday with large financial names JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) posting their Q2 reports.

Global Stocks:

Nikkei 20,080.98 +151.89 +0.76%

Hang Seng 25,500.06 +159.21 +0.63%

Shanghai 3,211.85 -6.11 -0.19%

S&P/ASX 5,703.57 -55.20 -0.96%

FTSE 7,349.73 -1.19 -0.02%

CAC 5,157.37 +12.21 +0.24%

DAX 12,436.27 +47.59 +0.38%

Crude $43.88 (-0.71%)

Gold $1,210.00 (+0.02%)

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

Boeing (BA) target raised to $230 from $200 at Jefferies

McDonald's (MCD) target raised to $175 from $155 at Deutsche Bank

Facebook (FB) target raised to $180 from $175 at Credit Suisse

Intel (INTC) downgraded to Underperform from Hold at Jefferies

HP (HPQ) upgraded to Buy from Neutral at Mizuho

Arconic (ARNC) upgraded to Overweight from Neutral at JP Morgan

• The board unanimously decided to maintain at ±1.50 percentage points the symmetrical corridor of interest rates

• Board members remarked significant increase in uncertainties on short- and medium-term outlook for the fiscal and income policy stance

• Doesn't rule out it may be either U.S.- Russia joint group or U.N.-sponsored one

• Says U.S. President trump may not be ready for setting up a joint group on cyber security

While Euroarea and Eastern Europe stand out due to their better situation indices, the US is still characterized by a slowdown. Overall, it is striking that the economic expectations have weakened slightly. The economic momentum may thus be a top line. Better, as it indicates the very good situation index values, it will probably not be for the time being.

The sentix economic index for Euroarea has risen for the fifth time in a row to 28.3 points. Above all the situation index, which shows the seventh rise in series and shows the highest level since December 2007 with 37.3 points, drives the index.

The expectations cannot keep up. Around the world, expectations are stagnating or even slightly declining, in Germany for the second time in a row.

Internationally, the United States remains chipped. The expectations remain slightly negative and the situation falls for the fourth time in a row. The cooling is becoming increasingly noticeable. On the other hand, Eastern Europe. Here the situation also rises for the seventh time in a row. Asia remains largely unchanged.

• Says Qatar's LNG exports to UAE, Saudi Arabia and Bahrain are less than 8 percent of total exports

• Qatar's LNG exports to Japan, India, South Korea and China were not affected by the arab boycott

EURUSD: 1.1250 (EUR 360m) 1.1275 (272m) 1.1350 (660m) 1.1375 (305m) 1.1400 (1.1bln) 1.1440-50 (1.17bln) 1.1500 (270m)

USDJPY: 112.75 (USD 795m) 113.00 (410m) 113.50 (315m) 114.00-10 (715m) 114.20-30 (1.1bln) 114.75 (350m) 115.50 (395m)

USDCHF: 0.9650 (USD 195m)

EURGBP: 0.8750 (EUR 180m)

AUDUSD: 0.7500 (AUD 240m) 0.7565 (300m) 0.7600 (375m) 0.7650 (810m) 0.7720-30 (550m) 0.7750 (350m)

USDCAD: 1.3000-10 (USD 200m)

NZDUSD: 0.7260 (NZD 260m)

China's consumer and producer prices logged steady growth in June, data from the National Bureau of Statistics showed, cited by rttnews.

Inflation remained unchanged at 1.5 percent in June. Prices were forecast to grow 1.6 percent.

Food prices dropped 1.2 percent, slower than the 1.6 percent decline posted a month ago. Meanwhile, non-food prices rose 2.2 percent, slightly slower than the 2.3 percent rise seen in May.

In the first half of the year, inflation was 1.4 percent, data showed. The government targets around 3 percent inflation for the whole year of 2017.

Month-on-month, consumer prices fell 0.2 percent, following a 0.1 percent drop in May. This was the second consecutive fall in prices.

• Boj will maintain qqe with yield curve control for as long as needed to achieve 2 pct inflation in stable manner

• Boj will adjust monetary policy as needed to maintain economy's momentum to achieve its price target

• Japan's economy expected to continue expanding moderately

Germany exported goods to the value of 110.6 billion euros and imported goods to the value of 88.6 billion euros in May 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 14.1% and imports by 16.2% in May 2017 year on year. After calendar and seasonal adjustment, exports were up by 1.4% and imports by 1.2% compared with April 2017.

The foreign trade balance showed a surplus of 22.0 billion euros in May 2017. In May 2016, the surplus amounted to 20.7 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 20.3 billion euros in May 2017.

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 17.3 billion euros in May 2017, which takes into account the balances of trade in goods including supplementary trade items (+24.4 billion euros), services (-2.0 billion euros), primary income (-3.6 billion euros) and secondary income (-1.5 billion euros). In May 2016, the German current account recorded a surplus of 17.9 billion euros.

European stocks ended in slightly negative territory on Friday, pushed lower by a slide in oil prices and nagging worries about the potential end of ultraloose monetary policy.

U.S. stock indexes advanced Friday to close out the first week of July higher after an employment report showed the U.S. added 222,000 jobs in June, representing the second-largest job haul of the year and underscoring that the labor market remains healthy. The Labor Department said unemployment ticked up to 4.4% from 4.3%. Economists polled by MarketWatch had forecast a rise of 180,000 and unemployment to hold at 4.3%.

Asia-Pacific stocks began the week higher, buoyed by Friday's gains in the U.S., after solid jobs data there boosted the dollar and brightened overall market sentiment. Meanwhile, the Group of 20 meeting of world leaders made little impact on markets, as there was less discord than expected. As the dollar pushed above ¥114 in Asian trading - the pair reached levels not seen in two months - Japanese stocks helped lead the way in morning action.

EUR/USD

Resistance levels (open interest**, contracts)

$1.1533 (2727)

$1.1490 (2945)

$1.1465 (1725)

Price at time of writing this review: $1.1400

Support levels (open interest**, contracts):

$1.1335 (1681)

$1.1305 (2177)

$1.1269 (2254)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date August, 4 is 59815 contracts (according to data from July, 7) with the maximum number of contracts with strike price $1,1500 (4092);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3065 (2306)

$1.3009 (1381)

$1.2955 (763)

Price at time of writing this review: $1.2891

Support levels (open interest**, contracts):

$1.2801 (1642)

$1.2740 (2172)

$1.2705 (1562)

Comments:

- Overall open interest on the CALL options with the expiration date August, 4 is 22612 contracts, with the maximum number of contracts with strike price $1,3100 (2592);

- Overall open interest on the PUT options with the expiration date August, 4 is 21193 contracts, with the maximum number of contracts with strike price $1,2800 (2172);

- The ratio of PUT/CALL was 0.94 versus 1.03 from the previous trading day according to data from July, 7

* - 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.