CFD Markets News and Forecasts — 17-09-2018

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17.09.2018
22:34
Commodities. Daily history for September 17, 2018:


Raw materials

Closing price

% change

Oil

$68.86

-0.19%

Gold

$1,206.20

+0.42%

22:33
Stocks. Daily history for September 17’ 2018:


Index

Change items

Closing price

% change

Hang Seng

-353.56

26932.85

-1.30%

CSI 300

-37.17

3204.92

-1.15%

KOSPI

-15.24

2303.01

-0.66%

FTSE 100

-1.94

7302.10

-0.03%

DAX

-27.92

12096.41

-0.23%

CAC 40

-3.70

5348.87

-0.0%

DJIA

-92.55

26062.12

-0.35%

S&P 500

-16.18

2888.80

-0.56%

NASDAQ

-114.25

7895.79

-1.43%

22:31
Currencies. Daily history for September 17’ 2018:


Pare

Closed

% change

EUR/USD

$1,1684

+0,54%

GBP/USD

$1,3155

+0,65%

USD/CHF

Chf0,96234

-0,51%

USD/JPY

Y111,84

-0,18%

EUR/JPY

Y130,68

+0,36%

GBP/JPY

Y147,127

+0,48%

AUD/USD

$0,7177

+0,37%

NZD/USD

$0,6585

+0,58%

USD/CAD

C$1,30337

+0,01%

20:18
The main US stock indices fell on the results of today's trading

The main US stock indexes finished trading on the negative territory, which was due to the decrease in shares of Apple (AAPL) and Amazon (AMZN), as well as expectations that President Donald Trump will go on the introduction of new tariffs on Chinese goods worth $ 200 billion.

In addition, the focus was on the US. Research results from the Federal Reserve Bank of New York showed that the region's production index fell more than the average forecasts of economists. According to the data, the production index in the current month fell to +19.0 points compared to +25.6 points in August. Previous value was not revised. Economists had expected the index to drop to 23.0 points.

Oil futures fell slightly as investors focused on the impact of US sanctions on Iran, despite Washington's assurances that Saudi Arabia, Russia and the United States could jointly raise production quickly enough to compensate for the drop in supplies.

Most of the components of DOW finished trading in the red (16 of 30). Outsider were the shares of Apple Inc. (AAPL, -2.33%). The leader of the growth were shares of 3M Company (MMM, + 0.90%).

Most S & P sectors recorded a decline. The largest decline was in the services sector (-1.1%). The utilities sector grew most (+ 0.4%).

At closing:

Index

Dow 26,062.12 -92.55 -0.35%

S & P 500 2,888.80 -16.18 -0.56%

Nasdaq 100 7,895.79 -114.25 -1.43%

19:00
DJIA -0.22% 26,096.20 -58.47 Nasdaq -1.01% 7,928.84 -81.21 S&P -0.40% 2,893.24 -11.74
16:35
Euro Attacks 1.17 After Inflation Data

The single currency held strong on Monday and the EURUSD surged throughout the day as it was changing hands slightly below the 1.17 level and was up 0.60% on the day.

Earlier in the session, inflation numbers from the Eurozone met expectations and printed 2.0% year-on-year (for the CPI benchmark inflation). However, the core indicator, which is more important for policy makers, stayed at 1.0%, well below the "required" 2.0% by the ECB.

The underlying inflation remains slow. However, the central bank expects it gradually to rise throughout the following year, which could mean the ECB will have to tighten its monetary policy faster. Nevertheless, this still is not being priced in, so it's very uncertain for now to say whether inflation will really pick up, especially when the economic momentum seems to be cooling down.

Monday's sentiment on the financial markets was also worsened by the latest news that Donald Trump is about to impose fresh USD$200 billion in tariffs on Chinese imports, further escalating the trade war. China immediately replied, saying they are preparing retaliatory measures against the US.

Stocks slid globally, with Chinese indices hitting fresh four-year lows and the greenback was sold-off broadly as well.

16:00
European stocks closed: FTSE 100 -1.94 7302.10 -0.03% DAX -27.92 12096.41 -0.23% CAC 40 -3.70 5348.87 -0.07%
14:06
Base metals prices fell Monday after reports that President Donald Trump planned to move ahead with tariffs on a further $200 billion of Chinese products. The price of copper was down 0.39% at $5,882.50 a metric ton
13:33
U.S. Stocks open: Dow -0.05%, Nasdaq +0.04%, S&P -0.03%
13:28
Before the bell: S&P futures -0.14%, NASDAQ futures -0.28%

U.S. stock-index futures fell on Monday, as trade concerns resurfaced after the reports that China could decline to participate in the fresh round of trade talks with the U.S. if Washington goes ahead with imposing the additional tariffs on Chinese imports.


Global Stocks:

Index/commodity

Last

Today's Change, points

Today's Change, %

Nikkei

-

-

-

Hang Seng

26,932.85

-353.56

-1.30%

Shanghai

2,651.79

-29.85

-1.11%

S&P/ASX

6,185.00

+19.70

+0.32%

FTSE

7,287.77

-16.27

-0.22%

CAC

5,346.46

-6.11

-0.11%

DAX

12,077.15

-47.18

-0.39%

Crude

$69.47


+0.70%

Gold

$1,203.10


+0.17%

13:25
If no backstop deal for Irish border, no Brexit deal: Official - Bloomberg
12:53
Wall Street. Stocks before the bell

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


ALCOA INC.

AA

42.52

-0.27(-0.63%)

625

ALTRIA GROUP INC.

MO

62.01

-0.06(-0.10%)

647

Amazon.com Inc., NASDAQ

AMZN

1,955.00

-15.19(-0.77%)

26266

American Express Co

AXP

110.43

0.87(0.79%)

4581

Apple Inc.

AAPL

221.74

-2.10(-0.94%)

244988

AT&T Inc

T

33.52

-0.08(-0.24%)

6103

Barrick Gold Corporation, NYSE

ABX

10.24

0.13(1.29%)

49349

Boeing Co

BA

357.5

-2.30(-0.64%)

2570

Chevron Corp

CVX

117.48

0.10(0.09%)

1006

Citigroup Inc., NYSE

C

70.83

0.29(0.41%)

8166

Deere & Company, NYSE

DE

148

0.24(0.16%)

1200

Exxon Mobil Corp

XOM

83

0.08(0.10%)

537

Facebook, Inc.

FB

161.59

-0.73(-0.45%)

49265

FedEx Corporation, NYSE

FDX

256.5

1.06(0.42%)

6472

Ford Motor Co.

F

9.44

-0.01(-0.11%)

13249

Freeport-McMoRan Copper & Gold Inc., NYSE

FCX

13.58

-0.11(-0.80%)

19100

General Electric Co

GE

12.6

-0.08(-0.63%)

55175

Goldman Sachs

GS

229.53

0.29(0.13%)

659

Google Inc.

GOOG

1,168.27

-4.26(-0.36%)

2134

Hewlett-Packard Co.

HPQ

25.25

0.21(0.84%)

220

Home Depot Inc

HD

209.88

0.81(0.39%)

1828

Intel Corp

INTC

45.42

-0.12(-0.26%)

8989

Johnson & Johnson

JNJ

139.11

-0.38(-0.27%)

399

JPMorgan Chase and Co

JPM

113.8

0.30(0.26%)

770

McDonald's Corp

MCD

159.52

-1.32(-0.82%)

4825

Microsoft Corp

MSFT

113.24

-0.13(-0.11%)

28653

Nike

NKE

83.59

0.10(0.12%)

1332

Pfizer Inc

PFE

42.95

-0.01(-0.02%)

18055

Tesla Motors, Inc., NASDAQ

TSLA

292.4

-2.80(-0.95%)

29093

The Coca-Cola Co

KO

46.1

0.11(0.24%)

6642

Twitter, Inc., NYSE

TWTR

29.18

-0.94(-3.12%)

242869

United Technologies Corp

UTX

137.94

0.14(0.10%)

735

Verizon Communications Inc

VZ

54.8

0.25(0.46%)

457

Visa

V

147.13

-0.71(-0.48%)

9510

Wal-Mart Stores Inc

WMT

94.45

-0.14(-0.15%)

1356

Walt Disney Co

DIS

109

-0.26(-0.24%)

246

Yandex N.V., NASDAQ

YNDX

32.01

-0.33(-1.02%)

500

12:44
Analyst coverage initiations before the market open

UnitedHealth (UNH) initiated with a Outperform at Cowen; target $308

12:44
Target price changes before the market open

Twitter (TWTR) target lowered to $21 from $23 at MoffettNathanson

12:43
Downgrades before the market open

Visa (V) removed from Conviction Buy List at Goldman

12:43
Business activity continued to grow at a solid clip in New York State

Business activity continued to grow at a solid clip in New York State, according to firms responding to the September 2018 Empire State Manufacturing Survey. The headline general business conditions index showed ongoing strength, but moved down seven points to 19.0, pointing to a slower pace of growth than last month. New orders and shipments grew moderately. Delivery times continued to lengthen, and inventories moved higher. Labor market indicators pointed to an increase in employment levels and longer workweeks. Price indexes were little changed and remained elevated, suggesting ongoing significant increases in both input prices and selling prices. Looking ahead, firms remained fairly optimistic about the six-month outlook

12:42
Upgrades before the market open

American Express (AXP) upgraded to Overweight from Equal-Weight at Stephens

MasterCard (MA) added to Conviction Buy List at Goldman

12:42
Foreign investment in Canadian securities reached $12.7 billion in July

Foreign investment in Canadian securities reached $12.7 billion in July, mainly from acquisitions of federal government bonds. At the same time, Canadian investment in foreign securities totalled $13.1 billion, led by record purchases of foreign bonds.

Foreign investment in Canadian securities reached $12.7 billion in July, up from $10.3 billion in June. Overall, foreign investors acquired Canadian bonds and, to a lesser extent, equities, but reduced their exposure to money market instruments.

Non-resident acquisitions of Canadian bonds totalled $11.1 billion in July. Foreign investors acquired $5.2 billion of federal government bonds. This was the first monthly investment this year. From January to June, foreign divestment in federal government bonds totalled $33.9 billion. Non-resident investors also added $3.8 billion of private corporate bonds to their holdings in July, the lowest level since January. Canadian long-term interest rates were up by 22 basis points in July. The Bank of Canada raised its benchmark overnight interest rate by 25 basis points to 1.5% in July, the second increase so far this year. In general, interest rates and bond prices move in opposite directions.

12:30
U.S.: NY Fed Empire State manufacturing index , September 19.00 (forecast 23)
12:30
Canada: Foreign Securities Purchases, July 12.65 (forecast 4.35)
12:20
EU says "some parts of draft withdrawal agreement have already been agreed in principle by the UK and the EU negotiators, although nothing is agreed until everything is agreed" - EU council
12:19
UK Finance Minister Hammond Says Our Economy Stands Fundamentally Strong @LiveSquawk
09:09
IMF Says Sees UK GDP Growth Around +1.5Pct In 2018 And 2019, Assuming UK And EU Reach Broad Brexit Agreement @LiveSquawk
09:08
IMF: No-Deal Brexit Would Entail Substantial Costs for UK Economy

  • Scale of Brexit Preparations MakesTransition Period Essential

  • Having No Transition Period Would Severely Disrupt UK Economy

  • Warns on 'Severe' Economic Fallout From No-Deal Brexit

09:07
IMF: BOE Should Await Clearer Signs of Inflationary Pressure Before Raising Rates Again
09:05
The euro area annual inflation rate was 2.0% in August 2018, down from 2.1% in July 2018

A year earlier, the rate was 1.5%. European Union annual inflation was 2.1% in August 2018, down from 2.2% in July. A year earlier, the rate was 1.7%. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Denmark (0.8%), Ireland and Greece (both 0.9%). The highest annual rates were recorded in Romania (4.7%), Bulgaria (3.7%), Estonia (3.5%) and Hungary (3.4%). Compared with July 2018, annual inflation fell in twelve Member States, remained stable in five and rose in ten. In August 2018, the highest contribution to the annual euro area inflation rate came from energy (+0.87 percentage points, pp), followed by services (+0.59 pp), food, alcohol & tobacco (+0.48 pp) and non-energy industrial goods (+0.09 pp).

09:00
Eurozone: Harmonized CPI, August 0.2% (forecast 0.2%)
09:00
Eurozone: Harmonized CPI, Y/Y, August 2% (forecast 2%)
09:00
Eurozone: Harmonized CPI ex EFAT, Y/Y, August 1% (forecast 1%)
08:12
Italian trade balance surplus rose more than expected in July

In July 2018 seasonally-adjusted data, compared to June 2018, decreased for outgoing flows (-2.6%) and increased for incoming flows and (+2.4%). Exports fell for both non EU and EU countries (-5.5% and -0.4% respectively). Imports raised for non EU countries (+3.6%) and for EU countries (+1.5%). Over the last three months, seasonally-adjusted data, compared to the three months earlier, showed an increase for exports (+1.2%) and for imports (+3.0%).

In July 2018, compared with the same month of the previous year, both exports (+6.8%) and import (+10.8%) increased. Outgoing flows raised by 8.5% for EU countries and for 4.8% for non EU countries. Incoming flows increased by 17.8% for non EU area and by 6.2% for EU area. The trade balance in July 2018 amounted to +5,676 million Euros (+2,999 million Euros for non EU area and +2,677 million Euros for EU countries).

08:04
EUR/USD trades flat at 1.1636 on Monday, and movements are likely to be limited for now, ING says

It expects to see the dollar consolidate this week due to the absence of first tier U.S. data releases, but says Italy concerns could limit any euro rise. U.S. President Donald Trump is expected to announce 10% tariffs on $200 billion of Chinese imports soon, but that shouldn't have too much impact on the U.S. currency. And risks surrounding Italian politics are likely to hinder the euro, says ING. "Smooth sailing on this issue could be a dangerous assumption with a populist government and we wouldn't be chasing EUR/USD higher on this alone." - via WSJ

07:35
FTSE -22.52 7281.52 -0.31% DAX -68.67 12055.66 -0.57% CAC -15.39 5337.18 -0.29%
07:03
TD Securities expects more Russian Central Bank rate hikes

According to TD Securities analysts, the Central Bank of Russia will decide once again to raise the discount rate by the end of 2018. "We did not expect such a courageous decision from the regulator on Friday, apparently the weakening of the ruble significantly spoiled the inflationary forecasts of the regulator." Apparently this is not a full increase in the rate this year. "We forecast another rise of 25 basis points.In summary, we forecast an increase in the discount rate by 25 basis points by the end of 2018 and an additional increase in early 2019. But later by the end of next year, the decrease in the discount rate may resume, "TD Securities added.

06:53
The index of business activity in the services sector of New Zealand continues to expand, albeit at a weaker pace

The New Zealand service sector continued to expand in August, though at a weaker pace, data showed.

The index fell to 53.2 from the revised downward of the previous value of 54.8 (originally 55.1). Despite the decline, the indicator remains above the value of 50, which separates the expansion from the contraction.

The report noted that among the individual components of the survey, sales growth and new orders slowed, while employment continued to decline.

06:47
Trump To Announce $200 Billion In New China Tariffs As Soon As Monday
06:30
Barnier is said to consider new Irish border plan on Brexit: FT
06:30
China May Skip Trade Talks, Cripple US Supply Chains After New Trump Tariffs @zerohedge
06:29
Futures: DAX -0,4% FTSE -0,2% CAC 40 -0,2%
05:12
Options levels on monday, September 17, 2018 EURUSD GBPUSD

EUR/USD

Resistance levels (open interest**, contracts)

$1.1784 (3596)

$1.1750 (895)

$1.1722 (447)

Price at time of writing this review: $1.1637

Support levels (open interest**, contracts):

$1.1566 (5775)

$1.1526 (3091)

$1.1484 (3686)


Comments:

- Overall open interest on the CALL options and PUT options with the expiration date October, 15 is 90202 contracts (according to data from September, 14) with the maximum number of contracts with strike price $1,1600 (5775);


GBP/USD

Resistance levels (open interest**, contracts)

$1.3178 (1715)

$1.3153 (720)

$1.3128 (383)

Price at time of writing this review: $1.3081

Support levels (open interest**, contracts):

$1.3002 (650)

$1.2972 (1026)

$1.2939 (1905)


Comments:

- Overall open interest on the CALL options with the expiration date October, 15 is 27017 contracts, with the maximum number of contracts with strike price $1,3200 (2879);

- Overall open interest on the PUT options with the expiration date October, 15 is 30127 contracts, with the maximum number of contracts with strike price $1,2800 (2475);

- The ratio of PUT/CALL was 1.12 versus 1.07 from the previous trading day according to data from September, 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.

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