Better than expected US CPI may ease the pressure on the dollar
Published US inflation data noted the continued its high growth rate. The core CPI (ex. food and energy) maintained a 2.4% y/y for the second month in a row. These data coincided with analysts' estimates; however, caused a slight strengthening of the dollar after the release, as traders probably put weaker inflation rates in quotes.
https://fxpro.news/daily-economic-events/better-than-expected-us-cpi-may-ease-the-pressure-on-the-dollar-20191010/
Published US inflation data noted the continued its high growth rate. The core CPI (ex. food and energy) maintained a 2.4% y/y for the second month in a row. These data coincided with analysts' estimates; however, caused a slight strengthening of the dollar after the release, as traders probably put weaker inflation rates in quotes.
https://fxpro.news/daily-economic-events/better-than-expected-us-cpi-may-ease-the-pressure-on-the-dollar-20191010/
#WaveAnalysis
#EURUSD is expected to rise further and retest the next resistance level 1.1070
https://fxpro.news/market-snapshots/eurusd-wave-analysis-10-october-2019-20191010/
#EURUSD is expected to rise further and retest the next resistance level 1.1070
https://fxpro.news/market-snapshots/eurusd-wave-analysis-10-october-2019-20191010/
Important Upcoming Events (GMT):
10:00 EUR 🇪🇺 [!!!] ECB President Draghi Speaks
12:30 CAD 🇨🇦 [!!!] Canada Employment Change
14:00 USD 🇺🇸 [!!] US Consumer Sentiment
Detailed economic calendar
10:00 EUR 🇪🇺 [!!!] ECB President Draghi Speaks
12:30 CAD 🇨🇦 [!!!] Canada Employment Change
14:00 USD 🇺🇸 [!!] US Consumer Sentiment
Detailed economic calendar
FX: The dollar lost 0.4% per day to 98.35 DXY amid a recovery in demand for risks. An increase in demand for riskier assets causes a further weakening of the dollar against most major currencies. AUD and ZAR are the leaders in the growth to USD, adding 0.4% this morning. TRY and CHF lost within 0.2%.
Stocks: S&P500 futures remain in green, added 1.5% over the past day. MSCI World is increased by 1.5% over the last 24h, on optimism around the US-China talks. The VIX volatility index fell from 18.6 to 17.3.
Commodities: Brent is trading at $ 60.3, adding about 4%. Gold fell to $ 1,500 due to lower demand for safe-harbours.
Crypto: Bitcoin loses 33% to $ 8,350 in 24 hours. The top 10 altcoins ranged from -3.4% (BCH) to + 0.7% (Tether).
Stocks: S&P500 futures remain in green, added 1.5% over the past day. MSCI World is increased by 1.5% over the last 24h, on optimism around the US-China talks. The VIX volatility index fell from 18.6 to 17.3.
Commodities: Brent is trading at $ 60.3, adding about 4%. Gold fell to $ 1,500 due to lower demand for safe-harbours.
Crypto: Bitcoin loses 33% to $ 8,350 in 24 hours. The top 10 altcoins ranged from -3.4% (BCH) to + 0.7% (Tether).
Bit-comment: Bitcoin stay afloat, despite some pressure
Bitcoin lost 1% in a day and trades around 8,400. It can be considered an excellent result, taking into account the opened deception with the integration of Alipay and WeChat.
We wrote earlier that the technical picture is on the buyers’ side for a short time. BTCUSD rose from the oversold area, which is regarded by the fans of the tech analysis as a buy sign.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-stay-afloat-despite-some-pressure-20191011/
Bitcoin lost 1% in a day and trades around 8,400. It can be considered an excellent result, taking into account the opened deception with the integration of Alipay and WeChat.
We wrote earlier that the technical picture is on the buyers’ side for a short time. BTCUSD rose from the oversold area, which is regarded by the fans of the tech analysis as a buy sign.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-stay-afloat-despite-some-pressure-20191011/
Optimistic trade and Brexit comments pushed GBP up 2% and increase demand for risks
Investors' risk appetite increased noticeably in the second half of the week. Both unattainable deals — #Brexit and China-US — seem to have become a little closer. #GBPUSD jumped 2%, the most vigorous growth in the last seven months.
Preferably, risks for the Pound are tilted upwards so far, but the difficulties around the deal are still able to keep it from the growth.
https://fxpro.news/daily-forex-outlook/optimistic-trade-and-brexit-comments-pushed-gbp-up-2-and-increase-demand-for-risks-20191011/
Investors' risk appetite increased noticeably in the second half of the week. Both unattainable deals — #Brexit and China-US — seem to have become a little closer. #GBPUSD jumped 2%, the most vigorous growth in the last seven months.
Preferably, risks for the Pound are tilted upwards so far, but the difficulties around the deal are still able to keep it from the growth.
https://fxpro.news/daily-forex-outlook/optimistic-trade-and-brexit-comments-pushed-gbp-up-2-and-increase-demand-for-risks-20191011/
⚠️ Important notice
MetaTrader Compatibility Issue with macOS Catalina
The newest update for macOS – Catalina, introduced a compatibility issue that does not allow MetaTrader programs to function on the platform.
We recommend our macOS-based users who wish to continue trading on their mac platform to postpone the update until a fix is available.
In the meantime, affected users can continue to trade via MetaTrader Web.
All clients who run MetaTrader on Windows platform are not affected and can continue trading without concern.
MetaTrader Compatibility Issue with macOS Catalina
The newest update for macOS – Catalina, introduced a compatibility issue that does not allow MetaTrader programs to function on the platform.
We recommend our macOS-based users who wish to continue trading on their mac platform to postpone the update until a fix is available.
In the meantime, affected users can continue to trade via MetaTrader Web.
All clients who run MetaTrader on Windows platform are not affected and can continue trading without concern.
Fxpro
FxPro MT4 WebTrader | MT4 WebTrader Platform | Forex WebTrader Platform
FxPro MT4 WebTrader with Instant or Market Execution is available for both PC and Mac, and provides access to six CFD asset classes including forex, shares, indices, futures, energies and metals across the world’s financial markets.
Important Upcoming Events (GMT):
12:00 EUR 🇪🇺 [!!] Eurozone Industrial production in the
03:30 AUD 🇦🇺 [!!!] RBA Monetary Policy Meeting Minutes
04:30 CNH 🇨🇳 [!!!] China Consumer Price Index
Detailed economic calendar
12:00 EUR 🇪🇺 [!!] Eurozone Industrial production in the
03:30 AUD 🇦🇺 [!!!] RBA Monetary Policy Meeting Minutes
04:30 CNH 🇨🇳 [!!!] China Consumer Price Index
Detailed economic calendar
FX: The dollar added 0.2% on Monday morning to 98.2 on DXY after failing 0.8% at the end of last week. SGD, PLN are the leaders in the growth to USD, adding 0.2%. NZD, ZAR gave back some gains next week, dropped 0.4%.
Stocks: S&P500 futures remain near Friday's close at 2970. MSCI World is up 0.8% since Friday morning. The optimism around the US-China talks is restrained by weakening economic indicators. The VIX volatility index fell from 17.3 to 15.7.
Commodities: Brent is traded at $ 50.8 by 10:00 GMT, losing 0.8% from the start of the day. Gold declined to $ 1,490 due to lower demand for safe-harbours.
Crypto: Bitcoin almost did not change in a day, remaining at $ 8300. The top 10 altcoins range from -3.6% (BSV) to + 3.8% (TRX).
Stocks: S&P500 futures remain near Friday's close at 2970. MSCI World is up 0.8% since Friday morning. The optimism around the US-China talks is restrained by weakening economic indicators. The VIX volatility index fell from 17.3 to 15.7.
Commodities: Brent is traded at $ 50.8 by 10:00 GMT, losing 0.8% from the start of the day. Gold declined to $ 1,490 due to lower demand for safe-harbours.
Crypto: Bitcoin almost did not change in a day, remaining at $ 8300. The top 10 altcoins range from -3.6% (BSV) to + 3.8% (TRX).
US-China: economic damage despite trade deal optimism
Friday's partial deal was the most significant breakthrough in the 15-month long US-China trade dispute. The financial markets experienced considerable growth on the news, but took more cautious approach on Monday.
The signing of this trade agreement is similar to pick the lowest hanging fruits. But to get the deal done, more and more efforts will be needed with each phase.
The resent breakthrough is nomore than a pause in further tariff increases. However, the previous measures already hurt the economy.
https://fxpro.news/daily-forex-outlook/us-china-economic-damage-despite-trade-deal-optimism-20191014/
Friday's partial deal was the most significant breakthrough in the 15-month long US-China trade dispute. The financial markets experienced considerable growth on the news, but took more cautious approach on Monday.
The signing of this trade agreement is similar to pick the lowest hanging fruits. But to get the deal done, more and more efforts will be needed with each phase.
The resent breakthrough is nomore than a pause in further tariff increases. However, the previous measures already hurt the economy.
https://fxpro.news/daily-forex-outlook/us-china-economic-damage-despite-trade-deal-optimism-20191014/
#WaveAnalysis
#Apple is expected to rise further and retest the next resistance level 242.00
https://fxpro.news/market-snapshots/apple-wave-analysis-14-october-2019-20191014/
#Apple is expected to rise further and retest the next resistance level 242.00
https://fxpro.news/market-snapshots/apple-wave-analysis-14-october-2019-20191014/
FX: The dollar remains mainly unchanged for the day, settled around 98.2 DXY. The market has a light demand for safe-heavens. Protective JPY, CHF add slightly to USD, while yielding RUB, ZAR lose around 0.2%.
Stocks: Futures on the S&P500 slightly add up to 2980. MSCI World adds 0.6% per day and 0.2% in the morning. The VIX volatility index fell from 15.7 to 14.1.
Commodities: Brent fell by 1.7% to $58.0 from the start of the day. Gold climbed up to $1495 amid moderate traction in safe-heavens.
Crypto: Bitcoin almost did not change in a day, remaining at $8300. The top 10 altcoins range from -3.0% (LTC) to + 4.0% (BNB).
Stocks: Futures on the S&P500 slightly add up to 2980. MSCI World adds 0.6% per day and 0.2% in the morning. The VIX volatility index fell from 15.7 to 14.1.
Commodities: Brent fell by 1.7% to $58.0 from the start of the day. Gold climbed up to $1495 amid moderate traction in safe-heavens.
Crypto: Bitcoin almost did not change in a day, remaining at $8300. The top 10 altcoins range from -3.0% (LTC) to + 4.0% (BNB).
Guessing the Brexit door
This week will be critical for the #GBP, which may result in increased volatility both downwards and upwards. Right now, positive market sentiment supported by hopes for approval of the UK exit from the EU, but it will be harder in the future.
Take a look at our Brexit timetable and potential impact of the events on the currency pairs with GBP and overall markets.
https://fxpro.news/daily-forex-outlook/guessing-the-brexit-door-20191015/
This week will be critical for the #GBP, which may result in increased volatility both downwards and upwards. Right now, positive market sentiment supported by hopes for approval of the UK exit from the EU, but it will be harder in the future.
Take a look at our Brexit timetable and potential impact of the events on the currency pairs with GBP and overall markets.
https://fxpro.news/daily-forex-outlook/guessing-the-brexit-door-20191015/
The regulators strangled Libra and get down to the GRAM
On crypto, instead of financial technology breakthrough and a "Brave new world", the more often we saw references to "1984", judging by how strong the governments' desire to get rid of even hypothetical competitors in the form of Libra and GRAM.
Bitcoin and some other cryptocurrencies appear to be considered as "unavoidable evil" by the authorities, but they see no threat in these projects. They don't see it yet. It's about the trade volumes: if we are talking about several fake billions of dollars, no one will waste the time of regulators.
https://fxpro.news/analysis-and-insight/the-regulators-strangled-libra-and-get-down-to-the-gram-20191015/
On crypto, instead of financial technology breakthrough and a "Brave new world", the more often we saw references to "1984", judging by how strong the governments' desire to get rid of even hypothetical competitors in the form of Libra and GRAM.
Bitcoin and some other cryptocurrencies appear to be considered as "unavoidable evil" by the authorities, but they see no threat in these projects. They don't see it yet. It's about the trade volumes: if we are talking about several fake billions of dollars, no one will waste the time of regulators.
https://fxpro.news/analysis-and-insight/the-regulators-strangled-libra-and-get-down-to-the-gram-20191015/
#WaveAnalysis
#GBPNZD is expected to rise further and retest the next resistance level 2.0400
https://fxpro.news/market-snapshots/gbpnzd-wave-analysis-15-october-2019-20191015/
#GBPNZD is expected to rise further and retest the next resistance level 2.0400
https://fxpro.news/market-snapshots/gbpnzd-wave-analysis-15-october-2019-20191015/
FX: The dollar fell 0.2% per day to 98.0 DXY. There is some rollback on the market after the day before. Except for a decrease in GBPUSD by 0.3%, there is a weakly pronounced dynamics in any direction.
Stocks: S&P500 futures are losing 0.2% from the start of the day to 2990 after rising 1.1% the day before. MSCI World adds 0.8% over the last 24h, almost unchanged in the morning. The VIX volatility index remained near 14.1.
Commodities: By 09:00 GMT Brent traded at $ 58.2, declined 0.8%. Overnight Gold decreased to $1480 after the growth of markets, in the morning it strengthens to $1483.
Crypto: Bitcoin lost 2% per day, remaining at $8100. The top 10 altcoins range from +5% (TRX) to + 4.0% (BSV).
Stocks: S&P500 futures are losing 0.2% from the start of the day to 2990 after rising 1.1% the day before. MSCI World adds 0.8% over the last 24h, almost unchanged in the morning. The VIX volatility index remained near 14.1.
Commodities: By 09:00 GMT Brent traded at $ 58.2, declined 0.8%. Overnight Gold decreased to $1480 after the growth of markets, in the morning it strengthens to $1483.
Crypto: Bitcoin lost 2% per day, remaining at $8100. The top 10 altcoins range from +5% (TRX) to + 4.0% (BSV).
Where GBP is heading now?
In less than a week, the #GBPUSD strengthened by 5% and #EURGBP by 4.3%.
Since last Thursday's rally, GBPUSD has come a long way from near 1.22 and touched 1.28 last night. At the time of writing, the pound corrected to 1.2750, although the pair remains above the critical 200-day moving average line at 1.2710. It often acts as an essential trend indicator. Fixing the pound above this line at the end of this week will be a necessary signal for the markets to end the devaluation period.
https://fxpro.news/daily-forex-outlook/where-the-pound-aimed-20191016/
In less than a week, the #GBPUSD strengthened by 5% and #EURGBP by 4.3%.
Since last Thursday's rally, GBPUSD has come a long way from near 1.22 and touched 1.28 last night. At the time of writing, the pound corrected to 1.2750, although the pair remains above the critical 200-day moving average line at 1.2710. It often acts as an essential trend indicator. Fixing the pound above this line at the end of this week will be a necessary signal for the markets to end the devaluation period.
https://fxpro.news/daily-forex-outlook/where-the-pound-aimed-20191016/
Bit-comment: Bitcoin quetly sank under $8000
The crypto market started to decline moderately. On Wednesday morning Bitcoin loses almost 2% and changes hands for $8,000. The price decreases with a relatively stable trading volume of around $15bn. Other leading cryptocurrencies also show a decline of 1-5%.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-quetly-sank-under-8000-20191016/
The crypto market started to decline moderately. On Wednesday morning Bitcoin loses almost 2% and changes hands for $8,000. The price decreases with a relatively stable trading volume of around $15bn. Other leading cryptocurrencies also show a decline of 1-5%.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-quetly-sank-under-8000-20191016/
#WaveAnalysis
#EURNZD is expected to rise further and retest the next resistance level 1.7800
https://fxpro.news/market-snapshots/eurnzd-wave-analysis-16-october-2019-20191016/
#EURNZD is expected to rise further and retest the next resistance level 1.7800
https://fxpro.news/market-snapshots/eurnzd-wave-analysis-16-october-2019-20191016/
Important Upcoming Events (GMT):
All day GBP 🇪🇺🇬🇧 [!!!] European Council Meeting
08:30 GBP 🇬🇧 [!!] UK Retail Sales
12:30 USD 🇺🇸 [!!] US Building Permits
13:15 USD 🇺🇸 [!!] US Industrial Production
02:00 CNH 🇨🇳 [!!!] China Real GDP
Detailed economic calendar
All day GBP 🇪🇺🇬🇧 [!!!] European Council Meeting
08:30 GBP 🇬🇧 [!!] UK Retail Sales
12:30 USD 🇺🇸 [!!] US Building Permits
13:15 USD 🇺🇸 [!!] US Industrial Production
02:00 CNH 🇨🇳 [!!!] China Real GDP
Detailed economic calendar
FX: The dollar fell 0.3% per day to 97.7 DXY. On the market, the dollar weakened after weak data from the US and optimism around the Brexit deal. Sensitive to demand for risks, ZAR, AUD add about 0.5%. GBPUSD decreased by 0.2% after the 1.2% intraday rally on Wednesday.
Stocks: S&P500 futures remain at 2990, little changed over the last 24h. MSCI World virtually unchanged. The VIX volatility index fell from 14.1 to 13.8.
Commodities: Brent is trading at $58.8, almost unchanged over the day. Gold declined to $1487 after an unsuccessful attempt to go above $1490 on Wednesday.
Crypto: Bitcoin lost 2% per day, remaining at $8,000. The top 10 altcoins ranged from -5.0% (TRX) to -0.8% (BNB).
Stocks: S&P500 futures remain at 2990, little changed over the last 24h. MSCI World virtually unchanged. The VIX volatility index fell from 14.1 to 13.8.
Commodities: Brent is trading at $58.8, almost unchanged over the day. Gold declined to $1487 after an unsuccessful attempt to go above $1490 on Wednesday.
Crypto: Bitcoin lost 2% per day, remaining at $8,000. The top 10 altcoins ranged from -5.0% (TRX) to -0.8% (BNB).