CFD Markets News and Forecasts — 16-10-2017

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

Nikkei +100.38 21255.56 +0.47%

TOPIX +10.56 1719.18 +0.62%

Hang Seng +216.37 28692.80 +0.76%

Euro Stoxx 50 +1.72 3606.27 +0.05%

FTSE 100 -8.47 7526.97 -0.11%

DAX +11.83 13003.70 +0.09%

CAC 40 +11.14 5362.88 +0.21%

DJIA +85.24 22956.96 +0.37%

S&P 500 +4.47 2557.64 +0.18%

NASDAQ +18.20 6624.00 +0.28%

S&P/TSX -4.47 15802.70 -0.03%

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

EUR/USD $1,1796 -0,20%

GBP/USD $1,3250 -0,27%

USD/CHF Chf0,975 +0,05%

USD/JPY Y112,14 +0,27%

EUR/JPY Y132,29 +0,08%

GBP/JPY Y148,592 +0,00%

AUD/USD $0,7852 -0,45%

NZD/USD $0,7190 +0,24%

USD/CAD C$1,25155 +0,35%

00:45 New Zealand CPI, q/q Quarter III 0.0%

00:45 New Zealand CPI, y/y Quarter III 1.7%

03:30 Australia New Motor Vehicle Sales (YoY) September 1.7%

03:30 Australia New Motor Vehicle Sales (MoM) September 0.0%

03:30 Australia RBA Meeting's Minutes

04:00 U.S. FOMC Member Kashkari Speaks

11:15 United Kingdom MPC Member Ramsden Speaks

11:15 United Kingdom MPC Member Tenreyro Speaks

11:20 Eurozone ECB's Vitor Constancio Speaks

11:30 United Kingdom Producer Price Index - Output (MoM) September 0.4% 0.3%

11:30 United Kingdom Producer Price Index - Input (MoM) September 1.6% 1.2%

11:30 United Kingdom Producer Price Index - Input (YoY) September 7.6% 8.3%

11:30 United Kingdom Producer Price Index - Output (YoY) September 3.4% 3.3%

11:30 United Kingdom HICP ex EFAT, Y/Y September 2.7% 2.8%

11:30 United Kingdom Retail Price Index, m/m September 0.7% 0.3%

11:30 United Kingdom Retail prices, Y/Y September 3.9% 4.0%

11:30 United Kingdom HICP, Y/Y September 2.9% 3.0%

11:30 United Kingdom HICP, m/m September 0.6% 0.3%

12:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Finally) September 1.2% 1.1%

12:00 Eurozone Harmonized CPI September 0.3% 0.4%

12:00 Eurozone Harmonized CPI, Y/Y (Finally) September 1.5% 1.5%

12:00 Eurozone ZEW Economic Sentiment October 31.7

12:00 Germany ZEW Survey - Economic Sentiment October 17 20

12:30 Eurozone ECB's Peter Praet Speaks

13:15 United Kingdom BOE Gov Mark Carney Speaks

15:30 U.S. Import Price Index September 0.6% 0.6%

16:15 U.S. Capacity Utilization September 76.1% 76.2%

16:15 U.S. Industrial Production YoY September 1.5%

16:15 U.S. Industrial Production (MoM) September -0.9% 0.2%

17:00 U.S. NAHB Housing Market Index October 64 64

20:00 U.S. FOMC Member Harker Speaks

22:30 Canada Gov Council Member Wilkins Speaks

23:00 U.S. Net Long-term TIC Flows August 1.3 14.3

23:00 U.S. Total Net TIC Flows August -7.3

Major US stock indices rose slightly on Monday, as the growth in US Treasury yields led to a rebound in banking stocks after three days of losses.

In addition, according to research published by the Federal Reserve Bank of New York, the region's production index rose significantly in October, despite the average forecasts of economists expecting a decline. According to the data, the production index in the current month rose to +30.2 points compared to +24.4 points in September. Previous value was not revised. Economists had expected the index to fall to +20.7 points.

Investors also expect another quarterly report. This week, UnitedHealth (UNH), Morgan Stanley (MS), Goldman Sachs (GS), IBM (IBM), American Express (AXP), Verizon (VZ), General Electric (GE), Procter & Gamble ( PG) and many others (the total expected from 55 companies of the index basket S & P 500 this week).

Today, the focus of attention was the shares of Netflix, which should provide a report on the results of activity in the third quarter after the close of the trading session.

Quotes of oil moderately increased on Monday, reacting to news that Iraqi forces entered the oil city of Kirkuk, after serving the territory from Kurdish fighters. Support prices also had a short-term reduction in the oil production of the second largest producer of OPEC.

Most components of the DOW index recorded a rise (19 out of 30). Leader of the growth were shares of JPMorgan Chase & Co. (JPM, + 2.09%). Outsider were shares Pfizer Inc. (PFE, -1.18%).

Most sectors of the S & P index finished trading in positive territory. The consumer goods sector grew most (+ 0.4%). The utilities sector showed the greatest decrease (-0.3%).

At closing:

DJIA + 0.37% 22.956.05 +84.33

Nasdaq + 0.28% 6,624.01 +18.21

S & P + 0.18% 2.557.64 +4.47

EURUSD: 1.1675(EUR 465m) 1.1760 (480m) 1.1800 (850m) 1.1895-00 (750m)

USDJPY: 112.00 (USD 600m) 112.50 (1.6bln) 113.00 (550m)

GBPUSD: Ntg of note

AUDUSD: 0.7735 (AUD 300m) 0.7800 (270m)

EURGBP: 0.8885 (EUR 1.0bln) 0.8899 (850m)

U.S. stock-index futures were slightly higher on Monday as investors assessed rather solid initial round of Q3 corporate earnings and awaited a further flow of results this week. UnitedHealth (UNH), Morgan Stanley (MS), Goldman Sachs (GS), IBM (IBM), American Express (AXP), Verizon (VZ), General Electric (GE) and Procter & Gamble (PG) are among the companies, set to release their Q3 financials this week.

Global Stocks:

Nikkei 21,255.56 +100.38 +0.47%

Hang Seng 28,692.80 +216.37 +0.76%

Shanghai 3,378.80 -11.72 -0.35%

S&P/ASX 5,846.76 +32.61 +0.56%

FTSE 7,549.87 +14.43 +0.19%

CAC 5,363.08 +11.34 +0.21%

DAX 13,017.91 +26.04 +0.20%

Crude $52.33 (+1.71%)

Gold $1,307.00 (+0.18%)

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

Johnson & Johnson (JNJ) target raised to $160 from $157 at Jefferies

Bank of America (BAC) target raised to $28 at RBC Capital Mkts

Apple (AAPL) upgraded to Overweight from Sector Weight at Pacific Crest; target $187

Travelers (TRV) upgraded to Outperform from Mkt Perform at Keefe Bruyette

Ford Motor (F) downgraded to Sector Perform at RBC Capital Mkts

Citigroup (C) downgraded to Sell from Hold at Societe Generale

Foreign investment in Canadian securities totalled $9.8 billion in August, down from $24.0 billion in July. At the same time, Canadian investors increased their holdings of foreign securities by $12.0 billion, led by purchases of US corporate instruments.

As a result, international transactions in securities generated a net outflow of funds of $2.2 billion from the Canadian economy in the month.

Business activity grew at a robust pace in New York State, according to firms responding to the October 2017 Empire State Manufacturing Survey. The headline general business conditions index climbed six points to 30.2, its highest level in three years.

The new orders index came in at 18.0 and the shipments index rose eleven points to 27.5-readings that pointed to ongoing solid gains in orders and shipments. Delivery times were slightly longer, and inventory levels decreased. Labor market indicators reflected a strong increase in employment and little change in hours worked.

Both input prices and selling prices rose at a somewhat slower pace than last month. Indexes assessing the six-month outlook suggested that firms remained optimistic about future conditions.

October 17

Before the Open:

Goldman Sachs (GS). Consensus EPS $4.16, Consensus Revenues $7594.80 mln.

Johnson & Johnson (JNJ). Consensus EPS $1.80, Consensus Revenues $19290.96 mln.

Morgan Stanley (MS). Consensus EPS $0.81, Consensus Revenues $9048.31 mln.

UnitedHealth (UNH). Consensus EPS $2.57, Consensus Revenues $50382.54 mln.

After the Close:

IBM (IBM). Consensus EPS $3.28, Consensus Revenues $18630.52 mln.

October 18

After the Close:

Alcoa (AA). Consensus EPS $0.79, Consensus Revenues $2974.14 mln.

American Express (AXP). Consensus EPS $1.48, Consensus Revenues $8307.18 mln.

October 19

Before the Open:

Travelers (TRV). Consensus EPS $0.30, Consensus Revenues $6425.80 mln.

Verizon (VZ). Consensus EPS $0.98, Consensus Revenues $31433.06 mln.

October 20

Before the Open:

General Electric (GE). Consensus EPS $0.49, Consensus Revenues $32531.92 mln.

Honeywell (HON). Consensus EPS $1.74, Consensus Revenues $10059.27 mln.

Procter & Gamble (PG). Consensus EPS $1.07, Consensus Revenues $16689.86 mln.

• Says any dialogue must take place within the law

The first estimate for euro area (EA19) exports of goods to the rest of the world in August 2017 was €171.5 billion, an increase of 6.8% compared with August 2016 (€160.6 bn). Imports from the rest of the world stood at €155.4 bn, a rise of 8.6% compared with August 2016 (€143.1 bn).

As a result, the euro area recorded a €16.1 bn surplus in trade in goods with the rest of the world in August 2017, compared with +€17.5 bn in August 2016. Intra-euro area trade rose to €132.9 bn in August 2017, up by 7.6% compared with August 2016

• Hopes U.S. Congress will not jeopardise Iran nuclear accord

EUR/USD: 1.1895/00 (735 m), 1.1800 (850 m), 1.1760 (480 m), 1.1675 (460 m)

USD/JPY: 113.00 (540 m), 112.50 (160 m), 112.00 (600 m)

AUD/USD: 0.7800 (265 m), 0.7735 (300 m)

As reported by the Federal Statistical Office (Destatis), the selling prices in wholesale trade increased by 3.4% in September 2017 from the corresponding month of the preceding year. In August 2017 and in July 2017 the annual rates of change were +3.2% and +2.2%, respectively.

From August 2017 to September 2017 the index rose by 0.6%.

• Iran has supported atrocities of Syria's Assad government

• The U.S. is far from only target of iranian dictatorship's campaign of "bloodshed"

• Iran is under control of a fanatical regime

• Iran dictatorship's aggression continues to this day

• Takings steps to ensure Iran never acquires nuclear weapon

• Need to take rate decisions one at a time

• Global equilibrium interest rate is moving up, if rates stay still in a particular country they are becoming more accommodative

• Says such methods are doomed to fail

• Believes Trump stance will not have direct impact on implementation of Iran nuclear deal

• Regrets that Trump is de-certifying Iran nuclear deal

• There can be no renewal of UN sanctions on Iran

• Iran strictly complying with nuclear deal

Consumer prices in China were up 1.6 percent on year in September, the National Bureau of Statistics, cited by rttnews.

That was in line with expectations, and down from 1.8 percent in August.

On a monthly basis, consumer prices were up 0.5 percent - accelerating from 0.4 percent a month prior.

The bureau also said that producer prices jumped an annual 6.9 percent - exceeding forecasts for 6.4 percent and up from 6.3 percent in the previous month.

European stocks mostly rose on Friday, as Bayer AG shares rallied on news the German conglomerate has reached a multibillion-euro deal to sell parts of its business, which helped the DAX register another record all-time high. Mining stocks advanced after upbeat import data from major metals consumer China.

Equity markets in Asia were broadly higher to start the week, with Japan's benchmark index leading gains thanks to a weaker yen, as global risk appetite continued to improve. The Nikkei Stock Average NIK, +0.56% was up 0.8% - on track to close at another 21-year high - helped in part by the U.S. dollar's JPYUSD, -0.099166% 0.2% gain against the yen in morning trade, which lifted export and finance stocks.

U.S. equity benchmarks finished the session and the week slightly higher on Friday, and the Nasdaq recorded an all-time high, as President Donald Trump delivered a speech decertifying a nuclear agreement with Iran. The Dow Jones Industrial Average DJIA, +0.13% rose 30.71 points, or 0.1%, to end at 22,871.72, after notching an intraday all-time high at 22,905.33, aided by gains in American Express Co. AXP, +1.36% and McDonald's Corp. MCD, +0.89%

EUR/USD

Resistance levels (open interest**, contracts)

$1.2000 (3175)

$1.1939 (3389)

$1.1898 (1402)

Price at time of writing this review: $1.1805

Support levels (open interest**, contracts):

$1.1769 (2302)

$1.1742 (3144)

$1.1710 (3132)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date November, 3 is 98735 contracts (according to data from October, 13) with the maximum number of contracts with strike price $1,2000 (6164);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3424 (3384)

$1.3403 (1033)

$1.3358 (2226)

Price at time of writing this review: $1.3287

Support levels (open interest**, contracts):

$1.3218 (1258)

$1.3193 (2137)

$1.3132 (1249)

Comments:

- Overall open interest on the CALL options with the expiration date November, 3 is 36803 contracts, with the maximum number of contracts with strike price $1,3300 (3384);

- Overall open interest on the PUT options with the expiration date November, 3 is 31958 contracts, with the maximum number of contracts with strike price $1,3000 (2219);

- The ratio of PUT/CALL was 0.87 versus 0.89 from the previous trading day according to data from October, 13

* - 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.