CFD Markets News and Forecasts — 28-08-2017

(raw materials / closing price /% change)

Oil 46.81 +0.52%

Gold 1,315.50 +0.02%

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

Nikkei -2.71 19449.90 -0.01%

TOPIX +3.13 1600.12 +0.20%

Hang Seng +15.13 27863.29 +0.05%

CSI 300 +46.96 3842.71 +1.24%

FTSE 100 -5.60 7401.46 -0.08%

DAX -44.47 12123.47 -0.37%

CAC 40 -24.58 5079.75 -0.48%

DJIA -5.27 21808.40 -0.02%

S&P 500 +1.19 2444.24 +0.05%

NASDAQ +17.37 6283.02 +0.28%

S&P/TSX -3.96 15052.03 -0.03%

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

EUR/USD $1,1976 +0,48%

GBP/USD $1,2928 +0,41%

USD/CHF Chf0,9519 -0,48%

USD/JPY Y108,79 -0,48%

EUR/JPY Y130,30 -0,01%

GBP/JPY Y140,66 -0,06%

AUD/USD $0,7936 +0,07%

NZD/USD $0,7243 +0,06%

USD/CAD C$1,2528 +0,39%

06:00 United Kingdom Nationwide house price index, y/y August 2.9%

06:00 United Kingdom Nationwide house price index August 0.3%

06:00 Germany Gfk Consumer Confidence Survey September 10.8 10.8

06:45 France GDP, q/q (Revised) Quarter II 0.5% 0.5%

12:30 Canada Industrial Product Price Index, y/y July 3.3%

12:30 Canada Industrial Product Price Index, m/m July -1%

13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y June 5.7% 5.7%

14:00 U.S. Consumer confidence August 121.1 120

22:45 New Zealand Building Permits, m/m July -1.0%

23:50 Japan Retail sales, y/y July 2.1% 1%

Major US stock indices closed near the zero mark on Monday, as investors assessed the impact of tropical storm Harvey in the US. The losses of insurance and oil companies were offset by growth in retail chains, healthcare and construction stores.

In addition, it became known that the deficit of international trade in July was $ 65.1 billion, which is $ 1.1 billion more compared to $ 64.0 billion in June. The export of goods for July was $ 127.1 billion, which is $ 1.6 billion less than in June. Import of goods for July was $ 192.2 billion, which is $ 0.5 billion less than in June.

However, data provided by the Federal Reserve Bank of Dallas, showed that in August, the business activity of Texas producers slightly increased, despite the projected decline. According to the report, the Dallas Federal Reserve's production index in August rose to 17.0 points from 16.8 points in July. Analysts had expected a decline to 16.5 points. Recall, the value of the index above zero indicates an increase in business activity. Economists perceive reports of regional federal reserve banks as preliminary data before the publication of the monthly report of the Institute for Supply Management (ISM).

Quotes of oil fell significantly on Monday, the reason for this was a decrease in demand for oil from US refineries, some of which were closed due to hurricane Harvey.

Most components of the DOW index recorded a decline (16 out of 30). Outsider was the shares of The Travelers Companies, Inc. (TRV, -2.55%). The growth leader was the shares of The Home Depot, Inc. (HD, + 1.18%).

The sectors of the S & P index showed mixed dynamics. The largest decline was demonstrated by the financial sector (-0.4%). The healthcare sector grew most (+ 0.7%).

At closing:

DJIA -0.02% 21,808.40 -5.27

Nasdaq + 0.28% 6.283.02 +17.38

S & P + 0.05% 2.444.24 +1.19

EUR/USD: $1.1600(E954 млн), $1.1650(E343 млн), $1.1740(E468 млн), $1.1800(E411 млн), $1.1850(E528 млн), $1.1900(E444 млн), $1.1925(E337 млн)

USD/JPY: Y109.50($305 млн), Y110.00($451 млн), Y110.70-75($623 млн)

AUD/USD: $0.8050(A$599 млн)

• Average GDP growth at 2.2 pct in 2017-2020 vs 1.6 pct in pvs fcast

• Sees urals crude averaging $44.20/bbl in 2017-2020 vs $42.60/bbl in pvs fcast

U.S. stock-index futures rose moderately, as investors weighed the damage from Tropical Storm Harvey in the U.S.

Global Stocks:

Nikkei 19,449.90 -2.71 -0.01%

Hang Seng 27,863.29 +15.13 +0.05%

Shanghai 3,362.82 +31.29 +0.94%

S&P/ASX 5,709.89 -33.97 -0.59%

FTSE 7,401.46 -5.60 -0.08%

CAC 5,105.58 +1.25 +0.02%

DAX 12,162.27 -5.67 -0.05%

Crude $47.39 (-1.00%)

Gold $1,304.00 (+0.47%)

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

The international trade deficit was $65.1 billion in July, up $1.1 billion from $64.0 billion in June. Exports of goods for July were $127.1 billion, $1.6 billion less than June exports. Imports of goods for July were $192.2 billion, $0.5 billion less than June imports.

Wholesale inventories for July, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $601.2 billion, up 0.4 percent (±0.4 percent)* from June 2017, and were up 3.1 percent (±0.7 percent) from July 2016. The May 2017 to June 2017 percentage change was revised from up 0.7 percent (±0.4 percent) to up 0.6 percent (±0.4 percent).

• Sees no immediate risks for russian banking system

The annual growth rate of the broad monetary aggregate M3 decreased to 4.5% in July 2017, from 5.0% in June, averaging 4.8% in the three months up to July. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate, including currency in circulation and overnight deposits (M1), decreased to 9.1% in July, from 9.7% in June.

The annual growth rate of short-term deposits other than overnight deposits (M2-M1) was more negative at -3.2% in July, from -3.0% in June. The annual growth rate of marketable instruments (M3-M2) was more negative at -2.8% in July, from -0.6% in June. Within M3, the annual growth rate of deposits placed by households decreased to 4.5% in July, from 4.9% in June, while the annual growth rate of deposits placed by non-financial corporations decreased to 6.8%.

• Central banks around globe could work towards better communication and exchange of information to improve trust

• Patience is needed due to labor market slack and slow productivity growth

• To announce support to stay in EU single market, customs union during transitional period after Brexit

European stock markets finished Friday's session by swinging into the red, pulling back as U.S. Federal Reserve Chairwoman Janet Yellen gave nothing away about the path forward for monetary policy in the world's largest economy. The Stoxx Europe 600 index SXXP, -0.12% wrapped up a choppy session by losing 0.1% to 374.07. That move was led by declines for consumer services and telecom shares. But gains for commodity stocks softened a bigger blow for the pan-European benchmark.

U.S. stocks closed higher on Friday with the main indexes posting solid weekly gains after neither Federal Reserve Chairwoman Janet Yellen nor European Central Bank President Mario Draghi offered clues about future monetary policy moves in a pair of speeches at a central banker retreat in Wyoming. In speeches at the Kansas City Federal Reserve Bank's symposium in Jackson Hole, Wyo., Yellen focused on banking regulations and economic improvements in the U.S., while Draghi raised concerns about protectionism. The gathering of global central bankers will continue through Saturday.

Asia-Pacific equity markets struggled for direction after U.S. and European central bankers didn't provide fresh policy guidance, though Hong Kong stocks outperformed on strong corporate earnings. Market participants were watching for implications from developments on U.S. tax policy, in addition to Hurricane Harvey's impact on the global energy market. U.S. gasoline futures rose early Monday.

EUR/USD

Resistance levels (open interest**, contracts)

$1.2038 (4752)

$1.2004 (2488)

$1.1974 (4774)

Price at time of writing this review: $1.1920

Support levels (open interest**, contracts):

$1.1854 (168)

$1.1818 (962)

$1.1760 (3100)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date September, 8 is 129368 contracts (according to data from August, 25) with the maximum number of contracts with strike price $1,1600 (5122);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3064 (1649)

$1.3024 (3344)

$1.2959 (1554)

Price at time of writing this review: $1.2877

Support levels (open interest**, contracts):

$1.2800 (2503)

$1.2767 (2352)

$1.2729 (1847)

Comments:

- Overall open interest on the CALL options with the expiration date September, 8 is 36651 contracts, with the maximum number of contracts with strike price $1,3000 (3344);

- Overall open interest on the PUT options with the expiration date September, 8 is 31864 contracts, with the maximum number of contracts with strike price $1,2850 (2503);

- The ratio of PUT/CALL was 0.87 versus 0.88 from the previous trading day according to data from August, 25

* - 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.