CFD Markets News and Forecasts — 15-11-2017

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

Nikkei -351.69 22028.32 -1.57%

TOPIX -34.86 1744.01 -1.96%

Hang Seng -300.43 28851.69 -1.03%

CSI 300 -25.68 4073.67 -0.63%

Euro Stoxx 50 -10.66 3545.72 -0.30%

FTSE 100 -41.81 7372.61 -0.56%

DAX -57.11 12976.37 -0.44%

CAC 40 -14.33 5301.25 -0.27%

DJIA -138.19 23271.28 -0.59%

S&P 500 -14.25 2564.62 -0.55%

NASDAQ -31.66 6706.21 -0.47%

S&P/TSX -34.65 15878.48 -0.22%

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

EUR/USD $1,1790 -0,06%

GBP/USD $1,3168 +0,03%

USD/CHF Chf0,98806 -0,11%

USD/JPY Y112,86 -0,51%

EUR/JPY Y133,08 -0,56%

GBP/JPY Y148,628 -0,48%

AUD/USD $0,7587 -0,56%

NZD/USD $0,6873 -0,02%

USD/CAD C$1,27627 +0,26%

00:00 Australia Consumer Inflation Expectation November 4.3%

00:30 Australia Changing the number of employed October 19.8 17.5

00:30 Australia Unemployment rate October 5.5% 5.5%

08:45 Eurozone ECB's Yves Mersch Speaks

09:30 United Kingdom Retail Sales (YoY) October 1.2% -0.6%

09:30 United Kingdom Retail Sales (MoM) October -0.8% 0.1%

10:00 Eurozone Harmonized CPI October 0.4% 0.1%

10:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Finally) October 1.1% 0.9%

10:00 Eurozone Harmonized CPI, Y/Y (Finally) October 1.5% 1.4%

13:30 Canada Foreign Securities Purchases September 9.85

13:30 Canada Manufacturing Shipments (MoM) September 1.6% -0.3%

13:30 U.S. Continuing Jobless Claims 1901 1

13:30 U.S. Philadelphia Fed Manufacturing Survey November 27.9 25.0

13:30 U.S. Initial Jobless Claims 239 235

13:30 U.S. Import Price Index October 0.7% 0.4%

14:10 U.S. FOMC Member Mester Speaks

14:15 U.S. Capacity Utilization October 76.0% 76.3%

14:15 U.S. Industrial Production (MoM) October 0.3% 0.5%

14:15 U.S. Industrial Production YoY October 1.6%

15:00 U.S. NAHB Housing Market Index November 68 68

15:30 Canada Bank of Canada Review

18:10 U.S. FOMC Member Kaplan Speak

20:00 Eurozone ECB's Vitor Constancio Speaks

20:00 U.S. FOMC Member Williams Speaks

20:45 U.S. FOMC Member Brainard Speaks

21:45 New Zealand PPI Output (QoQ) Quarter III 1.3%

21:45 New Zealand PPI Input (QoQ) Quarter III 1.4%

21:45 New Zealand Business NZ PMI October 57.5

Major US stock indexes finished trading in negative territory, as shares of energy companies remained under pressure after oil prices fell for the fourth consecutive day.

In addition, as it became known, consumer prices in the US rose slightly in October, continuing the trend of steadily soft inflation. The consumer price index, which measures what Americans pay for everything from cakes to telephone, rose 0.1% in October, compared with a month earlier, the Labor Ministry reported. Prices for gasoline fell during October after hurricanes pushed fuel costs in September. Food prices lasted unchanged last month. Excluding food and energy prices, the so-called base prices rose by 0.2%.

However, US consumers modestly increased their spending in October, a sign that spending is slowing after a surge in sales in the previous month related to hurricanes. Sales in restaurants, retail stores and online shopping platforms rose 0.2% compared to the previous month, seasonally adjusted to $ 486.55 billion in October, the Commerce Ministry reported. Compared to the previous year, sales increased by 4.6%.

Quotes of oil moderately declined on Wednesday, reacting to a report from the US Energy Ministry, which unexpectedly pointed to the growth of oil reserves. The US Energy Ministry reported that in the week of November 4-10, oil reserves increased by 1.854 million barrels to 458,997 million barrels. Analysts had expected a decline of 2.2 million barrels.

Most components of the DOW index finished trading in the red (21 out of 30). Outsider were shares of Caterpillar Inc. (CAT, -2.46%). The leader of growth was shares of General Electric Company (GE, + 1.84%).

Almost all sectors of the S & P index recorded a decline. The largest decrease was shown by the consumer goods sector (-0.8%). Growth recorded only the financial sector (+ 0.1%).

At closing:

DJIA -0.59% 23,271.28 -138.19

Nasdaq -0.47% 6,706.21 -31.66

S & P -0.55% 2.564.62 -14.25

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.9 million barrels from the previous week. At 459.0 million barrels, U.S. crude oil inventories are in the upper half of the average range for this time of year.

Total motor gasoline inventories increased by 0.9 million barrels last week, and are in the middle of the average range. Finished gasoline inventories decreased, while blending components inventories increased last week.

Distillate fuel inventories decreased by 0.8 million barrels last week and are in the lower half of the average range for this time of year. Propane/propylene inventories decreased by 2.5 million barrels last week, and are in the lower half of the average range. Total commercial petroleum inventories increased by 2.8 million barrels last week.

The combined value of distributive trade sales and manufacturers' shipments for September, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,389.7 billion, up 1.4 percent (±0.2 percent) from August 2017 and was up 6.4 percent from September 2016. Manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,888.7 billion, virtually unchanged from August 2017, but were up 3.5 percent from September 2016.

U.S. stock-index futures were lower on Wednesday amid uncertainty around efforts to reform the U.S. tax policy and a decline in crude-oil prices.

Global Stocks:

Nikkei 22,028.32 -351.69 -1.57%

Hang Seng 28,851.69 -300.43 -1.03%

Shanghai 3,402.54 -27.01 -0.79%

S&P/ASX 5,934.24 -34.51 -0.58%

FTSE 7,376.14 -38.28 -0.52%

CAC 5,283.61 -31.97 -0.60%

DAX 12,889.69 -143.79 -1.10%

Crude $55.03 (-1.20%)

Gold $1,288.20 (+0.41%)

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

Advance estimates of U.S. retail and food services sales for October 2017, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $486.6 billion, an increase of 0.2 percent from the previous month, and 4.6 percent above October 2016. Total sales for the August 2017 through October 2017 period were up 4.3 percent from the same period a year ago. The August 2017 to September 2017 percent change was revised from up 1.6 percent to up 1.9 percent (±0.2 percent).

HP (HPQ) resumed with a Market Perform at Wells Fargo; target $21

Cisco Systems (CSCO) resumed with a Outperform at Wells Fargo; target $42

Apple (AAPL) resumed with a Market Perform at Wells Fargo; target $195

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.0 percent.
The shelter index increased 0.3 percent and was the main factor in the seasonally adjusted all items increase. The energy index fell, as a decline in the gasoline index outweighed increases in other energy component indexes. The food index was unchanged over the month.
The index for all items less food and energy increased 0.2 percent in October. In addition to the shelter index, the indexes for medical care, used cars and
trucks, tobacco, education, motor vehicle insurance, and personal care were among those that increased. The indexes for new vehicles, recreation, and apparel all declined.

Home Depot (HD) target raised to $180 at Telsey Advisory Group

EURUSD: 1.1575 (EUR 480m) 1.1650 (2.6bln) 1.1660 (500m) 1.1760 (500m) 1.1800(795m) 1.2000 (990m)

USDJPY: 112.00 (USD 410m) 112.50 (460m) 113.00 (345m) 113.50 (355m) 113.70-75(755m) 114.00 ($1.27bln) 114.50 (760m) 115.00 (715m)

GBPUSD: 1.2900 (GBP 900m) 1.3000 (735m) 1.3200 (340m) 1.3255 (370m) 1.3300(300m)

EURGBP: 0.8800 (EUR 410m) 0.9000 (545m)

USDCHF: 0.9950 (USD 315m)

AUDUSD: 0.7650 (AUD 470m)

USDCAD: 1.3000 (USD 410m)

NZDUSD: 0.7000 (NZD 865m)

EURUSD: 1.1575 (EUR 480m) 1.1650 (2.6b) 1.1660 (500m) 1.1760 (500m) 1.1800(795m) 1.2000 (990m)

USDJPY: 112.00 (USD 410m) 112.50 (460m) 113.00 (345m) 113.50 (355m) 113.70-75(755m) 114.00 ($1.27b) 114.50 (760m) 115.00 (715m)

GBPUSD: 1.2900 (GBP 900m) 1.3000 (735m) 1.3200 (340m) 1.3255 (370m) 1.3300(300m)

EURGBP: 0.8800 (EUR 410m) 0.9000 (545m)

USDCHF: 0.9950 (USD 315m)

AUDUSD: 0.7650 (AUD 470m)

USDCAD: 1.3000 (USD 410m)

NZDUSD: 0.7000 (NZD 865m)

The first estimate for euro area (EA19) exports of goods to the rest of the world in September 2017 was €187.1 billion, an increase of 5.6% compared with September 2016 (€177.2 bn). Imports from the rest of the world stood at €160.7 bn, a rise of 5.1% compared with September 2016 (€152.9 bn). As a result, the euro area recorded a €26.4 bn surplus in trade in goods with the rest of the world in September 2017, compared with +€24.3 bn in September 2016. Intra-euro area trade rose to €157.6 bn in September 2017, up by 4.9% compared with September 2016.

Latest estimates show that average weekly earnings for employees in Great Britain in nominal terms (that is, not adjusted for price inflation) increased by 2.2% both including and excluding bonuses, compared with a year earlier.

Latest estimates show that average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) fell by 0.4% including bonuses, and fell by 0.5% excluding bonuses, compared with a year earlier.

Estimates from the Labour Force Survey show that, between April to June 2017 and July to September 2017, the number of people in work fell slightly, the number of unemployed people also fell, and the number of people aged from 16 to 64 not working and not seeking or available to work (economically inactive) increased.

There were 32.06 million people in work, 14,000 fewer than for April to June 2017 but 279,000 more than for a year earlier.

The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.3%, down from 4.8% for a year earlier and the joint lowest since 1975.

In October 2017, the Consumer Prices Index (CPI) barely recovered by 0.1% over a month, after a moderate downturn of 0.2% in September. This rebound resulted from that in food prices and a lesser drop in services prices. Contrariwise, manufactured product prices slowed down sharply after a marked rise in September (+0.2% after +0.5%). Energy prices increased barely less than in the previous month.

Seasonally adjusted, consumer prices decelerated slightly: +0.1% after +0.2% in September.

Year on year, consumer prices grew by 1.1% in October after +1.0% in the previous month. This third consecutive acceleration came from a sharper increase in food prices and a lesser drop in manufactured product prices. Energy prices slowed down after two months of very sustained rise. Services prices increased in the same rate than in September.

EUR/USD

Resistance levels (open interest**, contracts)

$1.1885 (7501)

$1.1863 (3185)

$1.1835 (3837)

Price at time of writing this review: $1.1810

Support levels (open interest**, contracts):

$1.1753 (1602)

$1.1730 (1752)

$1.1702 (2408)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date December, 8 is 155132 contracts (according to data from November, 14) with the maximum number of contracts with strike price $1,1600 (8710);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3274 (1935)

$1.3253 (1377)

$1.3223 (782)

Price at time of writing this review: $1.3175

Support levels (open interest**, contracts):

$1.3118 (1145)

$1.3100 (1107)

$1.3078 (1326)

Comments:

- Overall open interest on the CALL options with the expiration date December, 8 is 40766 contracts, with the maximum number of contracts with strike price $1,3200 (3099);

- Overall open interest on the PUT options with the expiration date December, 8 is 40287 contracts, with the maximum number of contracts with strike price $1,3000 (4715);

- The ratio of PUT/CALL was 0.99 versus 0.98 from the previous trading day according to data from November, 14

* - 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.

Japan's industrial production declined less than initially estimated in September, latest figures from the Ministry of Economy, Trade and Industry cited by rttnews.

Industrial production dropped a seasonally adjusted 1.0 percent monthly in September instead of a 1.1 percent decrease reported earlier. This was followed by a 2.0 percent rise in August.

Shipments dipped 2.5 percent over the month, just below the 2.6 percent fall seen in the flash report.

At the same time, inventories showed no variations, confirming the initial estimate.

• Expects "normalcy" to return as soon as it has completed its "mission"

• In tv broadcast, says Mugabe's security is guaranteed

• Will protect civil service against planned purges

• Assures judiciary its independence is guaranteed

The seasonally adjusted Wage Price Index (WPI) rose 0.5 per cent in the September quarter 2017 and 2.0 per cent over the year, according to figures released today by the Australian Bureau of Statistics (ABS).

The WPI, seasonally adjusted, has recorded quarterly wages growth in the range of 0.4 to 0.6 per cent for the last 13 quarters (from the June quarter 2014).

ABS Chief Economist Bruce Hockman said: "Annual wages growth increased marginally to 2.0 per cent in the September quarter 2017. The higher wage growth in the September quarter was driven by enterprise agreement increases, end of financial year wage reviews and the Fair Work Commission's annual minimum wage review."

Seasonally adjusted, private sector wages rose 1.9 per cent and public sector wages grew 2.4 per cent through the year to the September quarter 2017.

European stocks closed lower for a sixth session in a row Tuesday, hurt as the euro leapt to a three-week high on the back of stronger-than-expected economic growth figures from the eurozone, while miners shares slumped on worries about growth in China.

U.S. stock benchmarks finished lower, but off their intraday lows, on Tuesday, with Wall Street slumping in the face of uncertainty around efforts to overhaul tax policy and a downturn in crude-oil futures.

Global stock markets continued to pull back on Wednesday as investors continued to assess October's surge and as commodity prices fell further. Weakness overnight in Europe and the U.S. "ultimately set Asia up for quite a soggy start," said Chris Weston, chief market strategist at IG Group.