CFD Markets News and Forecasts — 21-08-2017

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

Nikkei -77.28 19393.13 -0.40%

TOPIX -2.17 1595.19 -0.14%

Hang Seng +107.11 27154.68 +0.40%

CSI 300 +16.32 3740.99 +0.44%

Euro Stoxx 50 -22.50 3423.53 -0.65%

FTSE 100 -5.10 7318.88 -0.07%

DAX -99.20 12065.99 -0.82%

CAC 40 -26.56 5087.59 -0.52%

DJIA +29.24 21703.75 +0.13%

S&P 500 +2.82 2428.37 +0.12%

NASDAQ -3.40 6213.13 -0.05%

S&P/TSX -0.45 14951.88 +0.00%

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

EUR/USD $1,1812 +0,46%

GBP/USD $1,2895 +0,19%

USD/CHF Chf0,9617 -0,31%

USD/JPY Y108,94 -0,22%

EUR/JPY Y128,70 +0,24%

GBP/JPY Y140,488 -0,05%

AUD/USD $0,7936 +0,11%

NZD/USD $0,7326 +0,22%

USD/CAD C$1,25562 -0,23%

06:00 Switzerland Trade Balance July 2.8

08:30 United Kingdom PSNB, bln July -6.28

09:00 Eurozone ZEW Economic Sentiment August 35.6

09:00 Germany ZEW Survey - Economic Sentiment August 17.5 15

10:00 United Kingdom CBI industrial order books balance August 10

12:00 Eurozone ECB's Vitor Constancio Speaks

12:30 Canada Retail Sales YoY June 7.3%

12:30 Canada Retail Sales, m/m June 0.6% 0.3%

12:30 Canada Retail Sales ex Autos, m/m June -0.1%

13:00 U.S. Housing Price Index, m/m June 0.4%

14:00 U.S. Richmond Fed Manufacturing Index August 14

US stock indexes finished trading almost unchanged as a significant drop in quotations conglomerates sector was offset by growth in the utilities sector and the service sector. In addition, the focus of the market was on statistics on the US and news about the beginning of joint military exercises of the United States and South Korea.

The economic activity index from the Federal Reserve Bank of Chicago (CFNAI) dropped to -0.01 in July from 0.16 in June. Three of the four broad categories of indicators that make up the index have declined since June. Three of the four categories made a negative contribution to the index in July. The contribution from production-related indicators in CFNAI declined to -0.02 in July from +0.03 in June. The employment-related figures contributed +0.09 to CFNAI in July, compared to +0.13 in June. Employment in the non-agricultural sector increased by 209,000 in July after rising by 231,000 in June. The contribution of personal consumption and housing to the CFNAI rose to -0.06 in July from -0.07 in June

Meanwhile, investors are cautious ahead of economic symposium in Jackson Hole, which will take place from Thursday to Saturday. At this symposium will include representatives of the world's central banks, including the Fed Chairman Janet Yellen and ECB President Mario Draghi. Investors will closely monitor new information about the central banks' plans for monetary policy.

Components of the DOW index finished the trades mixed (16 in positive territory, 14 in negative territory). The growth leader was the shares of The Home Depot, Inc. (HD, + 1.33%). Outsider were the shares of NIKE, Inc. (NKE, -2.46%).

Most sectors of the S & P index recorded a fall. The largest decrease was shown by the sector of conglomerates (-1.0%). The service sector grew the most (+ 0.4%).

At closing:

DJIA + 0.13% 21.703.28 +28.77

Nasdaq -0.05% 6.213.13 -3.40

S & P + 0.11% 2.428.33 + 2.78

EURUSD: 1.1700 (EUR 720m) 1.1800 (560m)

USDJPY:109.00 (USD 415m) 109.50 (600m)

GBPUSD: 1.2800 (GBP 555m)

AUDUSD: 0.7850 (AUD 635m)

U.S. stock-index futures rose slightly on Monday, with investors focusing on White House turmoil as well as the Korean Peninsula, as South Korea and U.S. forces begin their annual military exercise today.

Global Stocks:

Nikkei 19,393.13 -77.28 -0.40%

Hang Seng 27,154.68 +107.11 +0.40%

Shanghai 3,287.32 +18.60 +0.57%

S&P/ASX 5,725.85 -21.26 -0.37%

FTSE 7,326.31 +2.33 +0.03%

CAC 5,097.14 -17.01 -0.33%

DAX 12,119.27 -45.92 -0.38%

Crude $48.58 (+0.14%)

Gold $1,293.40 (+0.14%)

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

NIKE (NKE) downgraded to Hold from Buy at Jefferies

Wholesale sales declined 0.5% to $61.4 billion in June following eight consecutive monthly increases. Declines were recorded in five of seven subsectors, led by the food, beverage and tobacco subsector and the motor vehicle and parts subsector.

In volume terms, wholesale sales decreased 0.7% from May to June.

In the second quarter of 2017, current dollar wholesale sales increased 2.5% while constant dollar sales increased 1.7%. For both current and constant dollars, the increase in sales in this quarter was the fifth consecutive quarterly increase.

In dollar terms, the food, beverage and tobacco subsector reported the largest decline in June, as sales decreased 1.0% to $11.9 billion. This was mainly due to lower sales in the food industry, which decreased 1.1% and offset most of the 1.2% gain observed in May. For the subsector, June's decline was the first in five months.

• Britain wants to avoid unnecessary duplication of compliance activities for businesses post-Brexit

• Will need to facilitate continued oversight of products to ensure necessary action can be taken for non-compliant or unsafe goods post-Brexit

• Says provision of goods and services increasingly interconnected, where goods are supplied with services, we believe there should be no restriction to the provision of these services

• Believes the reason behind US's decision to scale back visa services in Russia is attempt to stir up russians' discontent with Moscow authorities

• Says Russia's decision to reduce the United States' diplomatic presence calls into question Russia's seriousness about pursuing better relations

• Non immigrant visa operations across Russia will be suspended on august 23

• Sight deposits of domestic banks at 470.257 bln CHF in week ending august 18 versus 476.299 bln CHF a week earlier

• Political backdrop has become more stable, risk of any future govt. Reversing policy measures adopted under ESM programme is limited​

• Says Greece's ‍positive outlook also reflects expectation that Eurogroup will grant substantial debt relief to Greece in 2018​

• Greece's ‍positive outlook reflects expectation third review of adjustment programme will be concluded without creating instability

Japan's all industry activity recovered in June, the Ministry of Economy, Trade and Industry showed Monday, cited by rttnews.

The all industry activity index rose 0.4 percent month-on-month in June, reversing a 0.8 percent fall in May. The monthly growth came in line with expectations.

A 1.7 percent contraction in construction activity was offset by the 2.2 percent increase in industrial production. At the same time, tertiary industry activity remained flat after falling 0.1 percent in May.

On a yearly basis, all industry activity growth eased to 2.2 percent in June from 3.2 percent in May.

In the second quarter, all industry activity grew 1.6 percent sequentially in contrast to a 0.1 percent fall in the first quarter.

Global Stocks

Stocks started the week modestly lower in Asia, following some sizable declines worldwide at the end of last week. Friday's removal of chief White House strategist Steve Bannon, while not a surprise to markets, turned the spotlight back on concerns about the Trump administration's ability to advance its agenda.

Blue-chip stocks in the U.K. dropped Friday, wrapping up the week with a fall in travel-related stocks after terrorists launched attacks in Spain. Equities across Europe SXXP, -0.71% IBEX, -0.56% slumped after at least 14 people were killed Thursday when a van mowed down pedestrians on Barcelona's popular Las Ramblas thoroughfare.

U.S. stock benchmarks closed firmly lower on Friday to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks.

EUR/USD

Resistance levels (open interest**, contracts)

$1.1878 (3070)

$1.1852 (1963)

$1.1811 (1686)

Price at time of writing this review: $1.1756

Support levels (open interest**, contracts):

$1.1700 (1391)

$1.1681 (2475)

$1.1657 (3197)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date September, 8 is 126357 contracts (according to data from August, 18) with the maximum number of contracts with strike price $1,1600 (5235);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3041 (3121)

$1.2980 (1074)

$1.2938 (291)

Price at time of writing this review: $1.2877

Support levels (open interest**, contracts):

$1.2807 (2051)

$1.2780 (2741)

$1.2749 (1959)

Comments:

- Overall open interest on the CALL options with the expiration date September, 8 is 31779 contracts, with the maximum number of contracts with strike price $1,3150 (3205);

- Overall open interest on the PUT options with the expiration date September, 8 is 27722 contracts, with the maximum number of contracts with strike price $1,2850 (2741);

- The ratio of PUT/CALL was 0.87 versus 0.87 from the previous trading day according to data from August, 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.