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Old 11-01-2019, 10:17
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Default Re: Hotforex.com - Market Analysis and News.

Date : 11th January 2019.

MACRO EVENTS & NEWS OF 11th January 2019.




FX News Today

* Fed officials continue to pledge patience after Fed Chair Powell noted the balance sheet will be “substantially smaller”.

* ECB minutes confirmed decision to end QE was unanimous. On the growth risks, there seems to have been a debate on the impact of weaker confidence indicators, with some mixed views.

* The Central banks are increasingly wary of downside risks and their cautious messages support both stock and bond markets.

* US equities stumbled after trade talks ended with few details for all the prior rejoicing, while a handful of year-end stumbles in the retail sector were noteworthy.

* European stock futures are moving higher, after a largely positive session in Asia overnight.

* US futures are also clawing back overnight losses with cautious comments from Fed and ECB officials supporting both bond and stock markets.

* WTI crude is holding gains and trading at USD 52.56 per barrel.

Charts of the Day



Main Macro Events Today

* UK Manufacturing & Industrial Production – Expectations –Industrial output is expected to have recouped 0.2% m/m after dropping 0.6% m/m in October, while the y/y figure should come in at -0.7%. Manufacturing production should rise to 0.3% m/m, after the fall to 0.9% last month due mainly to weakness from transport equipment.

* US CPI and Core – Expectations – It is widely anticipated that we will see an energy-depressed -0.1% reading for headline CPI in December, but a warmer 0.2% gain for core prices.

Support and Resistance Levels



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Please note that times displayed based on local time zone and are from time of writing this report.

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Andria Pichidi
Market Analyst
HotForex

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