CFD Markets News and Forecasts — 11-10-2017

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

Nikkei +57.76 20881.27 +0.28%

TOPIX +1.67 1696.81 +0.10%

Hang Seng -101.26 28389.57 -0.36%

CSI 300 +12.83 3902.69 +0.33%

Euro Stoxx 50 +8.60 3607.39 +0.24%

FTSE 100 -4.46 7533.81 -0.06%

DAX +21.43 12970.68 +0.17%

CAC 40 -1.24 5362.41 -0.02%

DJIA +42.21 22872.89 +0.18%

S&P 500 +4.60 2555.24 +0.18%

NASDAQ +16.30 6603.55 +0.25%

S&P/TSX +30.04 15800.40 +0.19%

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

EUR/USD $1,1860 +0,44%

GBP/USD $1,3221 +0,14%

USD/CHF Chf0,97327 -0,17%

USD/JPY Y112,50 +0,12%

EUR/JPY Y133,42 +0,55%

GBP/JPY Y148,747 +0,27%

AUD/USD $0,7787 +0,13%

NZD/USD $0,7087 +0,25%

USD/CAD C$1,24558 -0,47%

00:45 New Zealand Food Prices Index, y/y September 2.3% 3.0%

03:00 Australia Consumer Inflation Expectation October 3.8%

03:30 Australia Home Loans August 2.9% 0.5%

07:30 Japan Tertiary Industry Index August 0.1%

09:45 France CPI, y/y (Finally) September 0.9% 1%

09:45 France CPI, m/m (Finally) September 0.6% -0.1%

11:30 United Kingdom BOE Credit Conditions Survey

12:00 Eurozone Industrial Production (YoY) August 3.2% 2.6%

12:00 Eurozone Industrial production, (MoM) August 0.1% 0.5%

12:00 U.S. IEA Monthly Report

15:30 Canada New Housing Price Index, YoY August 0.4%

15:30 Canada New Housing Price Index, MoM August 3.8% 0.3%

15:30 U.S. Continuing Jobless Claims 1938 1.935

15:30 U.S. PPI, y/y September 2.4% 2.5%

15:30 U.S. PPI, m/m September 0.2% 0.4%

15:30 U.S. PPI excluding food and energy, m/m September 0.1% 0.2%

15:30 U.S. PPI excluding food and energy, Y/Y September 2.0% 2%

15:30 U.S. Initial Jobless Claims 260 251

16:00 United Kingdom MPC Member Andy Haldane Speaks

17:30 Eurozone ECB's Peter Praet Speaks

17:30 Eurozone ECB President Mario Draghi Speaks

17:30 U.S. FOMC Member Jerome Powell Speaks

17:30 U.S. FOMC Member Brainard Speaks

18:00 U.S. Crude Oil Inventories October -6.023 -1.8

21:00 U.S. Federal budget September -108.0 6

22:15 Canada Gov Council Member Wilkins Speaks

22:45 Eurozone ECB's Benoit Coeure Speaks

23:10 Eurozone ECB's Lautenschläger Speech

Major US stock indices increased slightly on Wednesday, while moderate gains in the conglomerate sector and technology sector were offset by the fall of the industrial goods sector on the eve of the publication of quarterly statements by Wall Street banks.

In addition, some influence on the dynamics of trading provided data for the US and the protocol of the September meeting of the FOMC. A survey of vacancies and labor turnover, published by the Bureau of Labor Statistics, showed that in August the number of vacancies decreased to 6.082 million. The indicator for July was revised downward - to 6.14 million from 6.17 million. Analysts had expected , that the number of vacancies will decrease to 6,125 million. The vacancy level was 4.0%, unchanged in July. The number of vacancies has changed little in both the private sector and the government segment. In addition, in August, hiring amounted to 5.430 million against 5.521 million in July. The level of hiring fell by 0.1%, to 3.7%. Hiring has changed little in the private sector, as well as in the government sphere.

As for the September FOMC meeting protocol, most of the Fed executives expected another rate hike this year, although some said their decision will depend on whether inflation will increase in the coming months. Many leaders of the Fed think that the weakness of inflation will be short. Otherwise, some managers have indicated that they will have to reassess the forecast rate of rate hikes. Some members of the Fed management said their decision on whether to raise rates this year will depend more on whether the economic data in the next few months will strengthen their belief in inflation growth to the committee's target level of 2%.

The components of the index of the DOW index finished the trades mixed (15 in positive territory, 15 in negative territory). The leader of growth was the shares of Johnson & Johnson (JNJ, + 2.23%). Outsider were shares of General Electric Company (GE, -1.39%).

Almost all sectors of the S & P index recorded an increase. The conglomerate sector grew most (+ 0.4%). The sector of industrial goods showed the greatest decrease (-0.2%).

At closing:

DJIA + 0.18% 22.872.89 +42.21

Nasdaq + 0.25% 6.603.55 +16.30

S & P + 0.18% 2.555.24 +4.60

The number of job openings was little changed at 6.1 million on the last business day of August, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were also little changed at 5.4 million and 5.2 million, respectively. Within separations, the quits rate and the layoffs
and discharges rate were little changed at 2.1 percent and 1.2 percent, respectively. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by four geographic regions.

The number of hires was little changed at 5.4 million in August. The hires rate was 3.7 percent. The number of hires was little changed for total private and for government. The number of hires was little changed in all industries. Hires decreased in the Northeast region.

• We share the need for catalan leader to clarify position

EURUSD: 1.1710 (EUR 625m) 1.1740-45 (310m) 1.1770 (480m) 1.1825-30 (540m) 1.1850 (335m) 1.2030 (335m)

USDJPY: 110.00 (USD 800m) 111.00 (480m) 112.80 (1.3bln) 113.00 (640m)

GBPUSD: Ntg of note

AUDUSD: Ntg of note

USDCAD: 1.2200 (USD 750m) 1.2650 (255m) 1.2800 (450m)

U.S. stock-index futures were lower on Wednesday as investors awaited the publication of the minutes from the FOMC's latest meeting later today as well as prepared for the start of earnings season, which will unofficially kick off tomorrow tomorrow morning when financial heavyweights JPMorgan Chase (JPM) and Citigroup (C) release their results for the third quarter.

Global Stocks:

Nikkei 20,881.27 +57.76 +0.28%

Hang Seng 28,389.57 -101.26 -0.36%

Shanghai 3,389.05 +6.06 +0.18%

S&P/ASX 5,772.15 +34.04 +0.59%

FTSE 7,531.67 -6.60 -0.09%

CAC 5,348.51 -15.14 -0.28%

DAX 12,945.11 -4.14 -0.03%

Crude $51.02 (+0.20%)

Gold $1,292.20 (-0.12%)

• We need to see substantial progress on inflation data

• It is important to position ourselves for the next several years with regards to monetary policy

• Not enough detail on tax proposals to judge how they will affect U.S. economy and monetary policy

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

FedEx (FDX) initiated with a Overweight at KeyBanc Capital Mkts; target $260

American Express (AXP) resumed with a Outperform at Wells Fargo; target $105

Amazon (AMZN) target raised to $1350 from $1100 at Credit Suisse

Alphabet (GOOG) target raised to $1350 from $1100 at Credit Suisse

Facebook (FB) target raised to $235 from $190 at Credit Suisse

General Electric (GE) target lowered to $20 from $22 at JP Morgan

Visa (V) upgraded to Outperform from Market Perform at Wells Fargo

Johnson & Johnson (JNJ) upgraded to Buy from Hold at Jefferies

• This requirement comes before any other measure that could be taken under article 155 of the constitution

• Money spent on customs border with eu would be money that could not be spent on public services

• Do not propose to allocate brexit funds to departments before spending is needed

• UK does have fundamental underlying problem with productivity growth

• UK economy fundamentally robust but has 'cloud of uncertainty' that we need to remove as soon as possible

EUR/USD: 1.1850(335 m), 1.1825-30(540 m), 1.1770(480 m)

USD/JPY: 113.00(640 m), 112.80(128 m), 111(475 m)

EUR/USD

Resistance levels (open interest**, contracts)

$1.1971 (3422)

$1.1919 (2894)

$1.1873 (403)

Price at time of writing this review: $1.1825

Support levels (open interest**, contracts):

$1.1776 (2253)

$1.1728 (2635)

$1.1698 (3107)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date November, 3 is 92366 contracts (according to data from October, 10) with the maximum number of contracts with strike price $1,2000 (5478);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3335 (3269)

$1.3297 (2232)

$1.3253 (1050)

Price at time of writing this review: $1.3192

Support levels (open interest**, contracts):

$1.3141 (1903)

$1.3092 (1064)

$1.3063 (2140)

Comments:

- Overall open interest on the CALL options with the expiration date November, 3 is 34161 contracts, with the maximum number of contracts with strike price $1,3300 (3270);

- Overall open interest on the PUT options with the expiration date November, 3 is 31125 contracts, with the maximum number of contracts with strike price $1,3000 (2191);

- The ratio of PUT/CALL was 0.91 versus 0.94 from the previous trading day according to data from October, 10

* - 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.

Core machine orders in Japan jumped a seasonally adjusted 3.4 percent on month in August, the Cabinet Office said on Wednesday, cited by rttnews, - coming in at 882.4 billion yen.

That beat forecasts for an increase of 1.0 percent following the 8.0 percent spike in July.

On a yearly basis, core machine orders advanced 4.4 percent - again beating expectations for a gain of 0.8 percent following the 7.5 percent decline in the previous month.

The total value of machine orders, which includes volatile ones for ships and electric power companies, added 8.5 percent on month and 21.5 percent on year to 2,583.9 billion yen.

U.K. stocks rose Tuesday, with banks among biggest gainers after a broker upgrade, outperforming the wider European market that was weighed by tensions between Catalonia and Madrid. The FTSE 100 index UKX, +0.40% picked up 0.4% to end at 7,538.27, marking its highest close in two months.

All main U.S. stock indexes closed higher on Tuesday, with the Dow finishing at its 47th record for 2017, as optimism appeared to grow ahead of the start of the earnings season, which will provide concrete insight into the state of U.S. corporations. The Dow Jones Industrial Average DJIA, +0.31% rose 69.61 points, or 0.3%, to end at 22,830.68. The S&P 500 SPX, +0.23% added 5.91 points, or 0.2%, to close at 2,550.64. The Nasdaq Composite Index COMP, +0.11% reversed earlier losses to finish 7.52 points, or 0.1%, higher at 6,587.25.

The monthlong global stock rally continued early Wednesday, with Asian stocks mostly higher and Japan's Nikkei making a fresh run at its best close since 1996. The markets seem to be comfortable with the U.S. Federal Reserve's plan to remain on its rate-increase path, as it signals confidence that the economy there is accelerating, said Michael McCarthy, chief market strategist at CMC Markets.