Novosti i prognoe: devizno tržište od 22-01-2018

03:00 Japan BoJ Interest Rate Decision -0.1% -0.1%

03:00 Japan BoJ Monetary Policy Statement

03:00 Japan BOJ Outlook Report

04:30 Japan All Industry Activity Index, m/m November 0.3% 0.9%

06:30 Japan BOJ Press Conference

09:30 United Kingdom PSNB, bln December -8.12

10:00 Eurozone ZEW Economic Sentiment January 29 30

10:00 Germany ZEW Survey - Economic Sentiment January 17.4 17.9

11:00 United Kingdom CBI industrial order books balance January 17 12

15:00 Eurozone Consumer Confidence (Preliminary) January 0.5 0.6

15:00 U.S. Richmond Fed Manufacturing Index January 20 18

23:30 Australia Leading Index December 0.1%

23:50 Japan Trade Balance Total, bln December 113 530

• Says China needs to take further steps to open its economy to imports

• More can be done on EU's banking union project, notably on common deposit insurance

• Without policy action next economic downturn will come sooner and be harder to fight

On daily time frame chart, we can see that NZD/USD has been follwing a strong bullish trend on the last few weeks.

However, now the price is showing some difficults in break through the purple box (resistance level) and the indicator - RSI - is showing a "overbought" which it may give some indications of a reversal trend.

Therefore, we can expect a further bearish movement soon.

• Revises up growth forecasts for euro area, including Germany, Italy, cuts forecast for Spain

• Maintains growth forecast for emerging markets and developing countries

• Sees U.S. growth slowing from 2022 as impact from tax package starts to wane

• Revision to its outlook reflects global growth momentum, expected impact of U.S. tax cuts

Sales were up in six of seven subsectors, representing 99% of wholesale sales. The food, beverage and tobacco subsector and the motor vehicle and parts subsector led the gains.

In volume terms, wholesale sales increased 0.5%.

The food, beverage and tobacco subsector posted the largest increase in dollar terms in November, rising 1.9% to $12.2 billion. Higher sales in the food industry, up 2.2% to $11.1 billion, contributed the most to the gain. This was the highest level on record for both the subsector and the industry.

• Says we will discuss all issues again in german coalition negotiations

• SPD will consider this week how to position itself for coalition negotiations

• Sight deposits of domestic banks at 468.854 bln chf in week ending january 19 versus 473.922 bln chf a week earlier

• Senate majority leader Mitch Mcconnell says if DACA isn't resolved by feb. 8th and government is open, he would allow a vote

EUR/USD

Resistance levels (open interest**, contracts)

$1.2338 (4134)

$1.2321 (3106)

$1.2297 (2863)

Price at time of writing this review: $1.2225

Support levels (open interest**, contracts):

$1.2166 (1723)

$1.2137 (1651)

$1.2104 (2330)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date February, 9 is 115033 contracts (according to data from January, 19) with the maximum number of contracts with strike price $1,1850 (7013);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3970 (2014)

$1.3953 (2994)

$1.3930 (2366)

Price at time of writing this review: $1.3864

Support levels (open interest**, contracts):

$1.3786 (244)

$1.3760 (328)

$1.3730 (309)

Comments:

- Overall open interest on the CALL options with the expiration date February, 9 is 36758 contracts, with the maximum number of contracts with strike price $1,3600 (3482);

- Overall open interest on the PUT options with the expiration date February, 9 is 29760 contracts, with the maximum number of contracts with strike price $1,3500 (3054);

- The ratio of PUT/CALL was 0.81 versus 0.80 from the previous trading day according to data from January, 19

* - 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.