CFD Markets News and Forecasts — 19-09-2017

(raw materials / closing price /% change)

Oil 49.86 +0.77%

Gold 1,314.60 +0.31%

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

Nikkei +389.88 20299.38 +1.96%

TOPIX +28.94 1667.88 +1.77%

Hang Seng -108.36 28051.41 -0.38%

CSI 300 -11.02 3832.12 -0.29%

Euro Stoxx 50 +4.44 3531.18 +0.13%

FTSE 100 +21.97 7275.25 +0.30%

DAX +2.40 12561.79 +0.02%

CAC 40 +8.12 5237.44 +0.16%

DJIA +39.45 22370.80 +0.18%

S&P 500 +2.78 2506.65 +0.11%

NASDAQ +6.69 6461.32 +0.10%

S&P/TSX +56.30 15292.97 +0.37%

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

EUR/USD $1,1994 +0,37%

GBP/USD $1,3505 +0,07%

USD/CHF Chf0,96226 +0,11%

USD/JPY Y111,56 +0,02%

EUR/JPY Y133,82 +0,39%

GBP/JPY Y150,571 +0,04%

AUD/USD $0,8007 +0,61%

NZD/USD $0,7314 +0,79%

USD/CAD C$1,22879 -0,01%

00:30 Australia Leading Index August 0.1%

06:00 Germany Producer Price Index (YoY) August 2.4% 2.5%

06:00 Germany Producer Price Index (MoM) August 0.2% 0.1%

08:30 United Kingdom Retail Sales (YoY) August 1.3% 1.1%

08:30 United Kingdom Retail Sales (MoM) August 0.3% 0.2%

13:00 Switzerland SNB Quarterly Bulletin

14:00 U.S. Existing Home Sales August 5.44 5.46

14:30 U.S. Crude Oil Inventories September 5.888

18:00 U.S. Fed Interest Rate Decision 1.25% 1.25%

18:00 U.S. FOMC Economic Projections

18:30 U.S. Federal Reserve Press Conference

22:45 New Zealand Visitor Arrivals August 3.8%

22:45 New Zealand GDP q/q Quarter II 0.5% 0.8%

22:45 New Zealand GDP y/y Quarter II 2.5% 2.5%

Major US stock indices showed a slight increase, as investors refrained from major deals before the announcement of the results of the meeting of the Federal Reserve.

At the upcoming meeting, with a high degree of probability, we can expect the rates to remain unchanged. However, the markets will be more interested in the announcement of the Fed on the beginning of the process of normalizing its balance sheet, which representatives of the regulator have been saying for several months. In addition, the market will focus on how Yellen assesses recent inflation rates, which can give a clue about the timing of further increases in the Fed's rates.

A certain influence on the dynamics of trading was provided by the US. As it became known, the general prices for foreign goods sent to the US, recovered in August, which was partly fueled by higher fuel prices. Import prices in August rose by 0.6% compared with the previous month, after a decline in the previous three months, the Ministry of Labor said on Tuesday. Economists had expected growth of 0.3% of import prices last month. Data on import prices are not adjusted for seasonality. The Ministry of Labor noted that the hurricane Harvey did not affect the collection of data on import prices for August. In addition, the current account deficit in the US, the indicator of trade and financial flows with foreign countries, in the second quarter increased to $ 123.14 billion, the Ministry of Commerce said on Tuesday. Economists predicted a deficit of $ 115.0 billion. An increase of $ 9.6 billion compared to the first quarter reflected an increase in the deficit of secondary income, a reduction in the surplus of primary incomes and an increase in the deficit of goods and services.

Meanwhile, the construction of new houses in August fell slightly, but growing permits indicate an increase in construction in the coming months, especially for single-family homes. The laying of new homes fell by 0.8% to an annual rate of 1.18 million from a revised 1.19 million units in July, the Commerce Ministry reported. This was in line with the consensus forecast of economists.

Most components of the DOW index recorded a rise (19 out of 30). Leader of growth were shares of Verizon Communications Inc. (VZ, + 2.48%). Outsider were shares UnitedHealth Group Incorporated (UNH, -1.86%).

Most sectors of the S & P index showed an increase. The financial sector grew most (+ 0.5%). The health sector showed the greatest decline (-0.6%).

At closing:

DJIA + 0.19% 22.372.91 +41.56

Nasdaq + 0.10% 6.461.32 +6.68

S & P + 0.11% 2.506.71 + 2.84

EURUSD: 1.1800 (EUR 300m) 1.1890 (480m) 1.1910 (320m) 1.1950 (650m) 1.2000 (510m) 1.2045 (310m)

USDJPY: 109.00 (USD 360m) 109.40 (530m) 110.00 (290m) 110.40 (300m) 111.00 (275m) 111.50 (380m)

AUDUSD: 0.7975 (AUD 400m) 0.8020-25 (370m) 0.8040 (230m)

NZDUSD: 0.7295 (NZD 380m)

U.S. stock-index futures were flat on Tuesday, ahead of the U.S. Federal Reserve's two-day policy meeting.

Global Stocks:

Nikkei 20,299.38 +389.88 +1.96%

Hang Seng 28,051.41 -108.36 -0.38%

Shanghai 3,356.65 -6.20 -0.18%

S&P/ASX 5,713.58 -7.02 -0.12%

FTSE 7,270.62 +17.34 +0.24%

CAC 5,236.91 +7.59 +0.15%

DAX 12,543.49 -15.90 -0.13%

Crude $50.26 (+0.70%)

Gold $1,311.10 (+0.02%)

Canola production in Canada is estimated to reach a record 19.7 million tonnes in 2017, according to Statistics Canada's model-based principal field crop estimates. Soybean production is also estimated to reach a record, at 8.3 million tonnes. Current oilseed prices and profitability have encouraged Canadian farmers to plant record acreage for both of these crops.

Production is estimated to increase in 2017 for canola (+0.5%), corn for grain (+8.5%), oats (+19.0%) and soybeans (+28.8%) compared with 2016.

Production is estimated to decline in 2017 for barley (-16.8%), canary seed (-17.1%), flaxseed (-14.8%), lentils (-24.9%), mixed grains (-5.5%), mustard seed (-51.2%), dry field peas (-20.1%), fall rye (-19.6%), durum wheat (-44.6%), spring wheat (-1.8%) and winter wheat (-21.6%) compared with 2016.

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

Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,300,000. This is 5.7 percent above the revised July rate of 1,230,000 and is 8.3 percent above the August 2016 rate of 1,200,000. Single-family authorizations in August were at a rate of 800,000; this is 1.5 percent below the revised July figure of 812,000. Authorizations of units in buildings with five units or more were at a rate of 464,000 in August.

Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,180,000. This is 0.8 percent below the revised July estimate of 1,190,000, but is 1.4 percent above the August 2016 rate of 1,164,000. Single-family housing starts in August were at a rate of 851,000; this is 1.6 percent above the revised July figure of 838,000. The August rate for units in buildings with five units or more was 323,000.

Tesla (TSLA) initiated with a Underperform at Jefferies; target $280

Apple (AAPL) target raised to $194 from $182 at Morgan Stanley

U.S. import prices increased 0.6 percent in August, the U.S. Bureau of Labor Statistics reported today, following declines in the previous 3 months. The price index for U.S. exports also advanced 0.6 percent in August, after increasing 0.5 percent in July.
Hurricane Harvey: Hurricane Harvey did not impact the collection of the import and export price index data for August because the reference period for the data is the first week of the month.

Import prices rose 0.6 percent in August, the first monthly rise since a 0.2-percent increase in April and the largest advance since the index rose 0.6 percent in January. The last time import prices recorded a larger increase was a 0.7-percent advance in June 2016. Higher import prices for both fuel and

nonfuel contributed to the rise in August. Prices for U.S. imports also increased over the past 12 months, advancing 2.1 percent.

NIKE (NKE) downgraded to Neutral from Positive at Susquehanna

The ZEW Indicator of Economic Sentiment for Germany improved in September 2017. Climbing 7.0 points compared to the previous month, the indicator now stands at 17.0 points. The indicator, however, still remains below the long-term average of 23.8 points.

"The solid growth figures in the second quarter of 2017 in combination with a steep rise in bank lending and increasing investment activities by both the government and private firms are likely reasons for the financial market experts' significantly more positive outlook compared to that of last month. Their expectations are further corroborated by stable global economic development. The German federal elections do not seem to have been a source of uncertainty. The worries about the recent strengthening of the euro has, for now, also faded into the background," comments ZZEW President Professor Achim Wambach.

The current account of the euro area recorded a surplus of €25.1 billion in July 2017. This reflected surpluses for goods (€26.4 billion), primary income (€10.9 billion) and services (€2.6 billion), which were partly offset by a deficit for secondary income (€14.8 billion).

The 12-month cumulated current account for the period ending in July 2017 recorded a surplus of €333.1 billion (3.0% of euro area GDP), compared with one of €373.3 billion (3.5% of euro area GDP) for the 12 months to July 2016 (see Table 1 and Chart 1). This development was due to decreases in the surpluses for goods (from €367.2 billion to €338.6 billion) and services (from €63.4 billion to €43.3 billion), and an increase in the deficit for secondary income (from €123.2 billion to €146.5 billion). These were partly offset by an increase in the surplus for primary income (from €65.9 billion to €97.6 billion).

EUR/USD

Resistance levels (open interest**, contracts)

$1.2072 (1415)

$1.2041 (1357)

$1.2019 (580)

Price at time of writing this review: $1.1989

Support levels (open interest**, contracts):

$1.1938 (1312)

$1.1915 (3204)

$1.1887 (3124)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date October, 6 is 96668 contracts (according to data from September, 18) with the maximum number of contracts with strike price $1,1800 (4574);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3660 (1216)

$1.3613 (1110)

$1.3579 (1455)

Price at time of writing this review: $1.3527

Support levels (open interest**, contracts):

$1.3437 (664)

$1.3391 (334)

$1.3363 (175)

Comments:

- Overall open interest on the CALL options with the expiration date October, 6 is 30056 contracts, with the maximum number of contracts with strike price $1,3300 (2586);

- Overall open interest on the PUT options with the expiration date September, 8 is 32865 ontracts, with the maximum number of contracts with strike price $1,2950 (2496);

- The ratio of PUT/CALL was 1.09 versus 1.08 from the previous trading day according to data from September, 18

* - 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.

• Says China will continue to strictly follow U.N. resolutions, assume its international obligations

• The vicious cycle needs to be broken

• Other parties must assume their responsibilities, play their own role

The price index for residential properties for the weighted average of the eight capital cities rose 1.9% in the June quarter 2017. The index rose 10.2% through the year to the June quarter 2017.

The capital city residential property price indexes rose in Sydney (+2.3%), Melbourne (+3.0%), Brisbane (+0.6%), Adelaide (+0.8%), Canberra (+1.3%) and Hobart (+1.8%) and fell in Perth (-0.8%) and Darwin (-1.4%).

Annually, residential property prices rose in Sydney (+13.8%), Melbourne (+13.8%), Hobart (+12.4%), Canberra (+7.9%), Adelaide (+5.0%) and Brisbane (+3.0%) and fell in Darwin (-4.9%) and Perth (-3.1%).

The total value of residential dwellings in Australia was $6,726,783.5m at the end of the June quarter 2017, rising $145,868.5m over the quarter.

The mean price of residential dwellings rose $12,100 to $679,100 and the number of residential dwellings rose by 40,000 to 9,906,100 in the June quarter 2017.

• Leading indicators suggested jobs pick up was likely to continue

• RBA meeting started with discussion on labour market, which had continued to improve

• Labour market still has spare capacity, wage growth to remain low for some time

• Jobs growth to support household incomes and spending, but high debt a risk

• Clear signs housing market in Sydney had eased, less so in Melbourne

• China impact on iron ore, expected prices to fall as new supply came on stream

European stocks pushed higher Monday, with the week getting under way with tensions surrounding North Korea cooling, but Ryanair Holdings PLC underperformed the broader market as the company canceled hundreds of flights. The Stoxx Europe 600 index SXXP, +0.33% picked up 0.3% to close at 381.95. On Friday, the pan-European benchmark slipped 0.3%, but finished last week up by 1.4%.

U.S. stock benchmarks climbed on Monday, with the S&P 500 index and the Dow industrials closing at all-time highs for a second straight session, ahead of the start of a key gathering of the Federal Reserve. However, technology stocks lagged behind, limiting gains for the Nasdaq Composite Index.

Japan was a bright spot in global markets Tuesday, coming off a holiday a day earlier, as stocks elsewhere in the Asia-Pacific region were muted. Investors are looking ahead to meetings later this week for the Bank of Japan and Federal Reserve. Rate changes aren't expected in either case, though the Fed is expected to detail plans on how it will trim its mammoth balance sheet.