HFblogNews

Date : 27th June 2019. MACRO EVENTS & NEWS OF 27th June 2019.FX News Today Treasuries were weaker Wednesday after a poorly subscribed 5-year auction, while aggressive Fed rate cut expectations continued to be priced out. Also other bond markets in Asia, which were under pressure as stocks moved higher. Markets are pinning their hopes on Saturday’s meeting between Trump and Xi Jinping at the side-lines of the G-20 meeting with reports that the U. is willing to hold off further tariffs for now helping to bolster confidence. At the same time, President Trump threatened additional China tariffs if there is no agreement. Still, without a firm and formal agreement in place risks of set backs remain high, especially as US.-Iran tensions and in Europe no-deal Brexit scenarios provide a risky backdrop. European stock futures are moving higher in tandem with US futures after broad gains in Asia. WTI crude surged to 4-week highs on API data showing big US inventory drop. USD is trading mixed today after rallying Tuesday on Fed’s walk back of dovish guidance. JPY down, Dollar bloc currencies up quite sharply on US-China optimism. GBP is underperforming again on persisting Brexit related demand-supply imbalance. Charts of the DayTechnician’s Corner EURUSD rallied to 1.1391 highs, after bouncing from the session low at 1.1348, which is also the 200-day moving average. The pairing has since run into sellers in front of the 1.1400 mark, settling in under 1.1360. Softer US data weighed on the Dollar, though Fed Chair Powell’s more neutral stance on policy may tone down market’s aggressive easing potential, likely to limit EUR gains going forward. In addition, increasing prospects for further ECB easing should also keep a cap on EURUSD. AUDJPY has been the biggest mover, rising about 0.5% in printing a 16-day high at 75.62. The Yen weaken as markets opted for risk-on positioning ahead of the G20 summit. USDJPY posted an eight-day high at 108.13. This price action came as Chinese markets led broader gains across Asian stock markets, which propelled the MSCI Asia-Pacific index up by 0.6%. Meanwhile, as AUDJPY seems overbought outside from upper Bollinger Bands pattern, Some correction could be seen with immediate Support at 75.33. Resistance holds at 75.67 and 75.80. Main Macro Events Today Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The German HICP inflation is expected to be unchanged to 1.3% y/y. US Final Gross Domestic Product (USD, GMT 12:30) – The final release of the Q1 GDP growth rate is expected unchanged from 3.1%, with downward revisions of -$6 bln for service consumption and -$1 bln for factory inventories. Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have grown at 1.3% y/y in June, and at 1.2% y/y ex Fresh Food. Industrial Production should post a 2.6% decline y/y in May, compared to -1.1% in April. Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

HotForex Receives Best Forex Mobile App 2019 Award! Dear Clients, We are thrilled to announce that HotForex has been voted and received the Best Forex Mobile App 2019 award from Forex Awards! The upgraded HF App is your personal trading partner, allowing to stay up to date on the go and control your account all from the palm of your hand! We have established mobile trading as an excellent opportunity to never miss a trade again. Find out more about the HF App here:. Thank you very much for your dedication and support which fuel our efforts to always strive for excellence! Best Regards, The HotForex Team

Date : 26th June 2019. MACRO EVENTS & NEWS OF 26th June 2019.FX News Today A less than dovish comment from Fed dove Bullard, with the Chairman Powell soothed a bit, and along with the usual trade uncertainty and US-Iran concerns, all combined with softer US data to take Wall Street and Treasury yields lower overnight. Hence in Asia session, the rally on bond markets run out of steam and stocks struggled as optimism on an immediate rate cut from the Fed and a breakthrough in US-Sino trade talk fades. Fed Chair Powell repeated the phrase the Fed is “closely monitoring“. He highlighted downside risks to the economy again, but didn’t go beyond last week’s guidance on rates. Presidents Trump and Xi are likely to meet on Saturday, where they may agree to reopen trade talks. Source stories meanwhile suggest that the US is willing to suspend the next round of China tariffs if trade talks resume, but Trump and Xi Jinping are not expected to agree on a detailed trade deal at the G-20 meeting. Against that background stock markets struggled during the Asian session. Topix and Nikkei corrected -0.71% and -0.70% respectively The RBNZ kept rates at record lows, but said further cuts may be needed. The WTI future is trading at $59.10 per barrel amid US-Iran tensions. German consumer confidence deteriorates. It fell back to 9.8 in the advance July reading. This is the lowest number since April 2017. Charts of the DayTechnician’s Corner EURCHF has found a footing into 1.10 area after coming under significant pressure last week, in the wake of ECB President Draghi’s eyebrow raising dovish shift, which has been the most notable of a growing chorus of dovish voices on the central bank’s governing council. Assuming the ECB remains on the path of further monetary policy easing ,the EURCHF is expected to retain a declining bias. The SNB’s -0.75% deposit rate and threat of tactical intervention hasn’t been sufficient to arrest recent appreciation of the Franc. Main Macro Events Today ECB’s Mersch speech (EUR, GMT 08:00) BoE’s Governor Carney speech (GBP, GMT 09:00) Durable Goods (USD, GMT 12:30) – Durable goods orders are expected to be flat in May, after a -2.1% figure in April. Transportation orders should fall -0.5%. Boeing orders fell to just zero from a dismal 4 in April, with the hit from problems with the Boeing 737 Max that prompted buyers to delay new purchase commitments. Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 25th June 2019. MACRO EVENTS & NEWS OF 25th June 2019.FX News Today Treasury yields extended declines in a quiet and cautious Monday action. The front end and belly of the curve mostly led the way on safe haven flows and as the FOMC’s more dovish than expected twist last Wednesday continued to support. Equities were little changed after a narrow, range bound trade. Tensions with Iran continued to drive cash into the safety of Treasuries, especially after President Trump announced he was placing more sanctions against its supreme leader and other top Iran officials has closed the path to a diplomatic solution (on the Ayatollah Khamenei, personally). US futures are down -0.2-0.5% as traders await Powell’s speech today. TheWTI future saw a high of $57.98 per barrel before pulling back slightly to now $57.45. Wall Street was in a more wait-and-see mode on the geopolitical risks, and as global markets await the U.S.-China trade talks at the G20 later in the week. Charts of the DayTechnician’s Corner EURUSD printed fresh 3-month highs just over 1.1411, up from 1.1380 lows at the open. The Euro moved to session highs after the weaker Dallas Fed index. The pairing ran into sellers at 1.1400, seeing a pullback to 1.1386 lows. Prospects for a July Fed rate cut continue to weigh on the Dollar, though soft EU data are likely to push the ECB toward further stimulus over the next few months, largely offsetting potential Fed policy easing. The March 20 high of 1.1448 is the next resistance level. Gold has printed five-plus year highs of $1,439.11, up from opening lows of $1,418.17. US/Iran tensions, along with potential for a Fed rate cut in July, and a weaker Dollar have all combined to put a bid under gold prices. The contract can be expected to remain in buy-the-dip mode for the foreseeable future, and continue to benefit from safe-haven flows on any fresh clashes in the Mideast. Main Macro Events Today NO OPEC Meeting in June –The dates of the separate OPEC ministerial meeting and of OPEC and its allies, known as OPEC+, have been changed to July 1-2, from June 25-26. CB Consumer Confidence (USD, GMT 14:00) – The Consumer Confidence is expected to slip to 133.5 in June from 134.1 in May, versus a 16-month low of 121.7 as recently as January and an 18-year high of 137.9 in October. Overall, confidence measures remain historically high. Fed’s Chair Powell speech (USD, GMT 17:00) Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 21st June 2019. MACRO EVENTS & NEWS OF 21st June 2019.FX News Today Thursday’s rally on Wall Street failed to boost Asian markets, which struggled as the impact of easing hopes following dovish comments from Fed, BoJ and ECB faded and trade angst returned. US-Iran tensions also weighed on sentiment. The New York Times reported that US President Trump had actually approved military strikes after Iran shot down a US military drone, but pulled back from launching the attacks. The Nikkei fell back -0.8%, although the Shanghai Comp still managed a gain of 0.5% amid lingering hopes of progress on US-Sino trade talks ahead of the leaders meeting at the sidelines of the G-20 meeting next week. The USA500 managed a record high yesterday as markets position for rate cuts, but US futures are slightly in the red after a cautious session in Asia and GER30 futures are also down. Charts of the DayTechnician’s Corner USOIL advanced as much as 6%, up over $3, at June highs of $57.37. The downing of a US drone in the Persian Gulf got the rally rolling, with gains since coming following a Trump tweet, which just said “Iran made a very big mistake!”Following the tweet, prices moved up from near $56.20 to session highs. Immediate Support today hold at $56.00, while on the break of it 55.20 could be retested. On the flipside, Resistance $58.50-59.00 as stated in our post yesterday. Cable has lost upside traction, with the pair having settled 25-35 pips below the highs. The BoE trimmed its Q2 GDP growth estimate to 0.0% q/q from 0.2% while stating that inflation remains well anchored. Cable earlier printed an 8-day high at 1.2727. The Pound has fared less well against the Euro, losing ground today against the common currency. The UK currency has been trading with a 10-15% trade-weighted Brexit discount since the vote to leave the EU in June 2016, and this is not expected to change. Cable has resistance at 1.2730 and Support at 1.2665. Main Macro Events Today Markit Manufacturing PMI (EUR, GMT 07:30) – The Preliminary Manufacturing PMIs in Germany and Eurozone are expected to increase in June, to 44.5 and 48.1 respectively. Retail Sales and Core (CAD, GMT 12:30) – Canadian sales are expected to slip 1% in April, with a 0.9% gain excluding autos, following a 1.1% figure for the March headline and a 1.7% increase ex-autos. Markit Manufacturing PMI (USD, GMT 13:45) – The Preliminary Manufacturing and Services PMIs are expected to increase in June, to 52.5 and 53.2 respectively. Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

HotForex: Upcoming Jun 2019 Webinars Part-2. Power your trades with industry tips and knowledge from our forex experts by signing up to our free weekly webinars. Our webinars are designed to improve your FX knowledge and help you hone your trading skills to give you the confidence you need to trade the markets! Whether you are a beginner or an experienced trader, our seasoned market analysts will guide you through key forex strategies and concepts. Every live webinar is followed by a Q&A session, giving you the opportunity to put your questions to the presenter! We are committed to being with you every step of the way in your forex trading career, and by providing valuable forex education, we can give you a solid foundation to begin trading. Registration is FREE but you need to hurry up because places are limited! By joining our webinars you can: *Watch our experts analyse the markets live. *Strengthen your trading skills and knowledge. *Ask questions and get the answers you need. *Access past webinars to refresh your memory. *Get valuable training that is not readily available online. *Discover industry tips and tricks from the pros. Places are limited*, so book your free place now! View our webinar lineup for June 2019 Webinars Part-2: 20 June, 12:00 PM GMT: Support and Resistance Trading in FX Senior trader and forex researcher, Oto, will explain how Support and Resistance (S/R) Levels can be used in trading. Join him live for the chance to ask your questions about S/R, Take Profit, Stop Loss and more as he discusses everything you need to know to get started: * Price action vs. mean reversion * How to use S/R levels to trade the markets * Managing your risk with TP and SL levels Instructor: Oto , BlueSkyForex 25 June, 11:00 AM GMT: Live Analysis In this live analysis webinar, our market expert Stuart will analyze forex, commodity and stock markets. Traders of all levels of experience can learn from this opportunity to ask questions about analysis, trading, risk management and future trading setups. In this webinar, you will: * Watch Stuart analyze the markets in real time * Learn how professionals approach their analysis and trading * Get your trading questions answered live Instructor: Stuart Cowell , HotForex’s Head Market Analyst 26 June, 11:00 AM GMT: Trading with Regression Channel Analysis In this webinar Andria will show you how Regression Channel Analysis can solve some of the issues and challenges related to analysis with traditional price channels. You will learn: * To analyze trends with Regression Channels * How to time the markets with this tool * How to apply the tool to multiple time frames. Instructor: Andria Pichidi , HotForex’s Analyst 27 June, 12:00 AM: What is the "Carry Trade" and how to trade it In this webinar, senior trader and forex researcher Oto will provide an intuitive explanation of the Carry Trade, one of the most popular trading strategies of all time. Get your questions answered about this trading strategy and find out: * Is the Carry Trade arbitrage? * Two main components of the FX Carry Trade * The risks involved with Carry Trading Instructor: Oto , BlueSkyForex If you have any questions, comments or feedback, please do not hesitate to contact our dedicated Customer Support Team via myHotForex, live chat, or by email webinars@HotForex.com. Best Regards, The HotForex Support Team *Please Note: Places are limited and we cannot guarantee availability. On the day of the Webinar, make sure to dial in or login on time using the instructions in the confirmation email you receive following registration. When the maximum number of attendees is reached, no further registrants will be able to join.

Date : 20th June 2019. MACRO EVENTS & NEWS OF 20th June 2019.FX News Today Stock markets continued to rally in Asia, underpinned by hopes of further easing and progress on the trade front at the G-20 meeting and European stockfutures are moving higher in tandem with US futures. The BoJ left policy settings unchanged, but highlighted downside risks, especially for overseas economies. Hopes of further central bank stimulus and progress on the trade front at the G20 meeting meanwhile are keeping stock markets underpinned and Nikkei and Topix moved up 0.32% and 0.64% respectively. The Dollar has rotated lower after the Fed. FOMC held rates steady as expected, but shifted to an unambiguously dovish gear, noting that “uncertainties about this outlook have increased” while issuing a larger than expected downgrade in the dots as Chairman Powell refrained from using “transitory” to describe low inflation, marking a downshift in the inflation view. Some follow-through Dollar selling looks likely even in the London interbank market though increasingly dovish arguments at the ECB and other major central banks should curtail the US currency’s downside potential. The WTI future is 54.67 trading at USD 54.57 per barrel. In Europe, the BoE is also widely expected to keep monetary policy settings unchanged, but markets will be looking for signs that the BoE will at least drop the tightening bias as the global backdrop deteriorates Charts of the DayTechnician’s Corner EURUSD printed 1.1283 highs, up from opening lows of 1.1225. The modest rally has been attributed to position adjustments ahead and post the FOMC announcement. Next Resistance for the asset holdws at 1.1288 and the round 1.1300. Support is set at 1.1245-1.1254. USDCAD – The Canadian Dollar, was the biggest mover, dropping by nearly 1% in making a four-month low at 1.3223. A strong rally in oil prices has catalysed a strong bid for the Canadian dollar. The WTI crude prices are up by nearly 3% since the Fed’s announcement, and are up by 5.7% from week-ago levels. Hence since the pair has broke the Support at Friday’s low ,the strong bullish mix of developments for CAD, opens the doors towards February-March lows, between the 1.3060-1.3140 area. Immediate Support meanwhile, is set at the round 1.3200 level. Main Macro Events Today Retail Sales (GBP, GMT 08:30) – UK sales are expected to slip -0.5% in May, with a big yearly slip at 2.7%, following a 5.2% figure for the April. Interest rate Decision and Conference (GBP, GMT 11:00) – BoE should remain on hold now until the Brexit D-day, while the Brexit process has essentially been frozen in motion as the Conservatives go about the business of selecting a new party leader/prime minister. If the transition runs smoothly we could see another 25 bp hike quickly thereafter. The consensus forecasts suggest no change in the policy rate in this meeting and an unchanged 9-0 MPC voting. Philly Fed Manufacturing Index (USD, GMT 12:30) – The Empire State index is estimated to fall to 12.0 in June from 17.8 in May, versus a 2-year low of 3.7 in March. The Philly Fed index is seen falling to 11.0 in June from 16.6 in May, versus a 33-month low of -4.1 in February. The producer sentiment readings all moderated through the turn of the year from elevated levels in response to global growth concerns, falling petroleum prices, fears about the ongoing trade war, and the partial government shutdown. Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 19th June 2019. MACRO EVENTS & NEWS OF 19th June 2019.FX News Today Expectations that global central banks will add further stimulus to underpin the global economy and fresh hopes that global trade tensions will be resolved through talks after all underpinned stock markets during the Asian session. US President Trump tweeted yesterday that he will meet China’s President Xi Jinping at the G-20 meeting, which helped to lift CSI 300 and Shanghai Comp 1.96% and 1.50% respectively. Bond markets closed below highs yesterday and the gains are likely to erode further today as the focus shifts to the FOMC announcement. GER30 and UK100 futures are slightly in the red with profit taking and renewed caution capping the room for further gains. German PPI data at the start of the session came in lower than anticipated. The WTI future benefited from fresh trade talk hopes and is trading marginally above the USD 54 per barrel mark. Charts of the DayTechnician’s Corner USDJPY has drifted moderately lower, to levels around 108.26. The dip reflects a pick up in demand for the Yen. Overall, directional impulse has been limited in forex markets with participants hunkered down ahead of the Fed policy announcement later on Wednesday. All eyes will be on the Fed, where there is risk of disappointment given the level of expectation for a strong dovish guidance. USDJPY is presently sitting near the midway of a choppy sideways range that’s been unfolding for nearly 3 weeks now. The range over this time has been 107.81 – 108.80.Support comes in at 108.00-06. USDCAD – The Canadian dollar, buoyed by a 4.5%-plus rally in Oil prices over the last day, has seen some moderate outperformance, which has taken USDCAD to a 3-session low at 1.3365. Underpinning Oil prices (aside from Mideast geopolitics) and equity markets have been hopes for a strongly dovish signal from the Fed today, yesterday’s dovish shift by the ECB chief, and news that President Trump will be meeting with President Xi at the upcoming G20, and that ministerial-level trade negotiations will be recommencing. For the pair, Support holds at 1.3354 and 1.3336, while Resistance is at 1.3390-1.3400. Main Macro Events Today Consumer Price Index (GBP, GMT 08:30) – Prices are expected to move up in May, with overall inflation to increase at 2.2% y/y, compared to 2.1% y/y last month. Consumer Price Index and Core (CAD, GMT 12:30) – May CPI is expected to run at a 2.0% y/y pace, matching the 2.0% clip in April and coming in just ahead of the 1.9% clip in March. Hence, the focus is on the “core” CPI figures. Event of the week – Interest rate Decision and Conference (USD, GMT 18:00) –Fed easing expectations have plateaued (Fed funds futures now fully discounting a 25 bp rate cut by the July FOMC). Although, there is not much of a chance for a rate move next week, but the FOMC is anticipated to make an important change in its statement, removing the word “patient” and likely replacing it with language similar to Powell’s comment from June 4 where he said the Fed will be “closely monitoring the implications of these developments” on trade and other matters. Gross Domestic Product (NZD, GMT 22:45) – The Q1 GDP is expected to grow at 0.7% compared to 0.6% last quarter, while the annualised rate should fall to 1.8% from 2.3%. Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 18th June 2019. MACRO EVENTS & NEWS OF 18th June 2019.FX News Today Wall Street was managed modest gains, supported by a better than 1% rise in industrials which offset a drop in materials. The markets generally shrugged off a sharp drop in the Empire State manufacturing index and a weaker than expected NAHB housing market index. Asia stock market gains were capped by caution ahead of the Fed meeting. Topix and Nikkei lost -0.88% and -0.81% respectively as the Yen strengthened, the Hang Seng continued to recover and moved up 0.70% after being pressured by political protests last week. The ASX gained 0.54% after getting cut a boost from RBA meeeting minutes signaling another rate cut could be underway. GER30 and UK100 futures are trading narrowly mixed. US futures are slightly in the red. Speculation that the Fed will signal rate cuts is mounting and in Europe ECB officials seem to be readying further easing measures, while the BoE is widely expected to remain on hold amid ongoing Brexit uncertainty. Charts of the DayTechnician’s Corner AUDUSD also fell to a 5-month low, at 0.6833. The underperformance of the Australian follow was catalyzed by the release of the RBA minutes to the June policy meeting, which saw the central bank cut its cash rate to a record low of 1.25%. The minutes showed that the RBA is of a mind to ease policy again, as soon as July, given prevailing concerns about unemployment and disinflation. AUDJPY pegged below 3-year lows at 74.50, hence next Support is at June 2016 low at 72.40 . GBPJPY has hit fresh lows, and the yen has remained bid amid a backdrop of continued sputtering in global stock markets. GBPJPY daily volatility has fallen from 140 pips in February to less than 120 today. Key Support levels for both pairs sit at 133.80 and 132.30 respectively. Main Macro Events Today Consumer Price Index (EUR, GMT 09:00) – Prices are expected to fall in May to just 0.3%m/m from 0.7%, whilst the overall inflation is expected to stand unchanged at 1.2%y/y. ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for June is expected to rise slightly at -0.5 compared to -2.1 last month, however the negative reading means pessimists once again outnumber optimists and that escalation in US-Sino trade relations affects the outlook. BoE’s Governor Carney speech (GBP, GMT 14:00) ECB’s President Draghi speech (EUR, GMT 14:00) Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 10th June 2019. MACRO EVENTS & NEWS OF 10th June 2019.Moving into a new week, the focus is now squarely on the UK mess and the Conservative Party’s leadership contest. Market attention is also honed in on the G20 meeting but also on the US economic data which will be scrutinized for any sign that trade uncertainties are impacting amid a slowing in economic growth.Monday – 10 June 2019 Gross Domestic Product (JPY, Sunday GMT 23:50) – Growth in Japan is expected to have increased by 0.4% in the first quarter, slightly lower than last time, reflecting weaker than expected household spending. The annualised outcome is seen at 1.8% after the stronger than expected 2.1% growth. Trade Balance (CNY, GMT 02:00) – May’s exports are anticipated to contract to 3.8% y/y, from the 2.7% y/y. The trade balance should grow to $20.5bln in May from $13.83B in March. This report will be consistent with ongoing slowing in China’s domestic economy (falling imports) and the impact of the trade war with the US (drop in exports). Industrial and Manufacturing Production (GBP, GMT 08:30) – The two indices are expected to have fallen back to 0.1% m/m and 0.2% m/m in April, confirming that the sector is back in contraction. Tuesday – 11 June 2019 Average Earnings Index 3m/y (GBP, GMT 08:30) – UK Earnings with the bonus-included figure are expected to rise to 3.4% y/y in the three months to April, up from 3.2%y/y in March. ILO Unemployment Rate(GBP, GMT 08:30) – UK unemployment is expected slightly higher at 3.9%, after it unexpectedly fell to 3.8% in March, which was the lowest rate seen since December 1974. Wednesday – 12 June 2019 Consumer Price Index (CNY, GMT 01:30) – May’s Chinese CPI is expected to grow to 2.7% y/y following the rise of 2.5% y/y in April. Consumer Price Index and Core (USD, GMT 12:30) – May’s CPI has been estimated at a 0.1% gain in headline CPI with a 0.2% increase in core prices, following respective April readings of 0.3% and 0.1%. As-expected gains would result in a headline y/y gain of 1.9%, down from 2.0% in April, while core prices should rise 2.1%, a steady pace from April. Overall, the inflation outlook remains benign, though with an updraft into the end of Q1 and early Q2 from a petroleum price rebound that lost steam into May. Thursday – 13 June 2019 Employment Data (AUD, GMT 01:30) – While the Unemployment Rate is projected to have flipped at 5.1% in May, Employment change is expected to have eased, increasing by 14K compared to 28.4K last month. Harmonized Index of Consumer Prices (EUR, GMT 06:00) – The German HICP inflation fell back in April to 1.3% y/y from 2.1% y/y. In May however, it is expected to rise to 2.1% y/y again. SNB Interest Rate Decision and Press Conference (CHF, GMT 07:30) – The SNB is not expected to surprise markets as the Swiss rate is forecast to remain at -0.75%. However, the recent strengthening of the Swiss franc will have rekindled SNB concerns of its disinflationary impact. Friday – 14 June 2019 Retail Sales and Industrial Production (USD, GMT 12:30) – Retail Sales are expected to have grown by 0.6% for May and 0.3% for ex-auto sales, following a -0.2% figure for the April headline and a 0.1% increase in ex-autos. Industrial production is projected at 0.6% in May, after a -0.5% reading in April. Michigan Consumer Sentiment Index (USD, GMT 14:00) – The preliminary result of the Sentiment Index is expected to show a return to April’s number below 100, and more specifically to 98. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 7th June 2019. MACRO EVENTS & NEWS OF 7th June 2019. FX News Today Stock markets traded mixed in Asia, with Chinese markets underperforming, ahead of key US jobs data today. Hopes that Mexico tariffs may be postponed helped Wall Street to close higher, but Vice President Pence said the US still plans to impose tariffs on Mexico next week ahead of further talks today. China’s central bank head sounded relaxed on the Yuan, but stressed that the PBOC still had lots of policy room if the trade war worsens. CSI and Shanghai Comp still lost -0.9% and -1.2% respectively and the tech heavy Shenzen Comp fell back more than 2% as Facebook announced that it will no longer preinstall its app on Huawei phones, spelling more trouble for the beleaguered tech company. US Stock futures around 0.1% higher and the WTI future continued to climb up from the lows seen in the wake of EIA data Wednesday and is now trading at $53.28 per barrel. Ahead of EU open, German trade surplus narrowed as exports slumped, while German industrial production corrected -1.9% m/m in April. European stock futures are moving higher, led by a 0.6% rise in the DAX futures, which also ignored the weak April numbers Charts of the DayTechnician’s Corner EURUSD – has been consolidating in a narrow range in the mid 1.1200s, consolidating the steep losses from 1.1306 that were seen during the London PM/NY morning session yesterday. It is expected that the Dollar would likely hold up better than the Euro in the scenario that further sustained bouts of risk aversion is seen in global markets in the months ahead, with US Treasuries offering the highest risk-free return around, regardless of prevailing market discounting of Fed rate cuts. The pair remains in a bear trend which has been evolving since early 2018. This was reaffirmed by the new two-year low that was printed last month at 1.1107. Resistance comes in at 1.1300-06 and 1.1323-25. Main Macro Events Today Event of the Week – Non-Farm Payrolls (USD, GMT 12:30) – Along with Thursday’s employment data, payrolls are important in gauging how many people are employed in non-agricultural businesses. Jobs are expected to have increased in May, at 190k following a 263k increase in April. The unemployment rate should remain steady at 3.6% from April, while average hourly earnings should rise 0.3% m/m, for a y/y gain of 3.2%. Employment and Unemployment (CAD, GMT 12:30) – After the 106.5k surge in April employment, which notched a new all-time record 1-month gain, the Canadian unemployment rate is expected to have increased further in May. Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 4th June 2019. MACRO EVENTS & NEWS OF 4th June 2019.FX News Today Risk aversion continues to prevail as US Treasuries, JPY , CHF and Gold remain in Bid mode Treasury yields did come off highs and the 10-year yield backed up 2.9 bps to 2.100%, after risk aversion and comments from Fed’s Bullard, who said a rate cut may be “warranted soon”, underpinned rate cut speculation and fresh gains in Treasuries yesterday. The RBA cut rates to record lows, as expected. The latter helped the ASX to outperform in Asia and move up 0.25%, but elsewhere stock markets were remained under pressure during the Asian, after the NASDAQ closed with a loss of -1.6% yesterday amid selling in the likes of Facebook and Amazon, with speculation of antitrust probes after the US Justice Department and the Federal Trade Commission agreed to split up oversight of tech giants. Charts of the Day Technician’s Corner USDAUD – H1 – Ran out of steam at 0.6990, but remains over daily pivot at 0.6960 and trades at 0.6982 as USD continues to soften into Europeansession. R1 and the psychological 0.7000 next key resistance. R2 at 0.7015 would need a significant deterioration in USD today. USDJPY – H1 – Keeps the bid as 108.00 handle is breached once more. S1 sits at 107.80, S2 at 107.56 and S3 at 107.24. Pivot Point and 20 period moving average at 108.10, R1 at 108.37 and R2 108.68. RSI remains north of OS at 34.7, Stochastics in OS zone all of Asian session and remain there. Lower Bollinger band 107.65. Main Macro Events Today Consumer Price Index (EUR, GMT 09:00) – The preliminary Euro Area CPI for May is expected to drop back to 1.4% y/y from 1.7%y/y last month. The core inflation is seen at 1.0% y/y from 1.3% y/y. RBA Chair Lowe speech (AUD, GMT 09:30) – Due to speak at the RBA Dinner following today’s meeting – Q&A expected. Fed’s Chair Powell speech (USD, GMT 13:55) – Due to speak in Chicago about Federal Reserve’s policy strategy, tools, and communication practices. Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

HotForex: Upcoming Jun 2019 Webinars Part-1. Power your trades with industry tips and knowledge from our forex experts by signing up to our free weekly webinars. Our webinars are designed to improve your FX knowledge and help you hone your trading skills to give you the confidence you need to trade the markets! Whether you are a beginner or an experienced trader, our seasoned market analysts will guide you through key forex strategies and concepts. Every live webinar is followed by a Q&A session, giving you the opportunity to put your questions to the presenter! We are committed to being with you every step of the way in your forex trading career, and by providing valuable forex education, we can give you a solid foundation to begin trading. Registration is FREE but you need to hurry up because places are limited! By joining our webinars you can: *Watch our experts analyse the markets live. *Strengthen your trading skills and knowledge. *Ask questions and get the answers you need. *Access past webinars to refresh your memory. *Get valuable training that is not readily available online. *Discover industry tips and tricks from the pros. Places are limited*, so book your free place now! View our webinar lineup for June 2019 Webinars Part-1: 04 June, 11:00 AM GMT: Live Analysis In this live analysis webinar, our market expert Stuart will analyze forex, commodity and stock markets. Traders of all levels of experience can learn from this opportunity to ask questions about analysis, trading, risk management and future trading setups. In this webinar, you will: * Watch Stuart analyze the markets in real time * Learn how professionals approach their analysis and trading * Get your trading questions answered live Instructor: Stuart Cowell , HotForex’s Head Market Analyst 05 June, 11:00 AM GMT: The Crossing EMA Strategy – Intraday Timeframes Join Stuart as he explains this straightforward moving average based strategy that can be applied to trending charts in multiple timeframes. In this informative session, he will be explaining how to use this strategy when trading intraday, how to set your stop losses and more: * The EMA’s simple trend following approach * Using key oscillators and momentum indicators for target and stop loss settings * Candle size, wicks and probability Instructor: Stuart Cowell , HotForex’s Head Market Analyst 06 June, 12:00 PM GMT: Scalping Strategies Explained Senior trader and forex researcher, Oto, will be your host for this dedicated webinar on scalping strategies. Improve your skills and get all your questions answered about the art of scalping by joining this informative session that will cover all the below and more: * Price action vs. mean reversion in scalping * Example of a powerful scalping strategy * How to manage risk Instructor: Oto , BlueSkyForex 11 June, 11:00 AM: Live Analysis In this live analysis webinar, our market expert Stuart will analyze forex, commodity and stock markets. Traders of all levels of experience can learn from this opportunity to ask questions about analysis, trading, risk management and future trading setups. In this webinar, you will: * Watch Stuart analyze the markets in real time * Learn how professionals approach their analysis and trading * Get your trading questions answered live Instructor: Stuart Cowell , HotForex’s Head Market Analyst 12 June, 11:00 AM GMT: Understanding Market Basics I In this special 90 minutes webinar, specially designed for NEW and inexperienced traders, Andria will outline the Market Basics including Supply & Demand, Fundamental & Technical analysis including some basic charts and market cycles: * Basic Supply & Demand * How Fundamental and Technical Analysis differ * Price Charts, Market Cycles, Trends and Consolidations Instructor: Andria Pichidi , HotForex’s Analyst 13 June, 12:00 PM GMT: Trading the News Effectively Learn what you need to know about trading the news in this focused session with senior trader and forex researcher, Oto. Get all your questions answered about the two basic market types, how to decide what news to trade and more as he discusses: * Price action vs. mean reversion in news trading * How to effectively trade the news * Common pitfalls in news trading Instructor: Oto , BlueSkyForex If you have any questions, comments or feedback, please do not hesitate to contact our dedicated Customer Support Team via myHotForex, live chat, or by email webinars@HotForex.com. Best Regards, The HotForex Support Team *Please Note: Places are limited and we cannot guarantee availability. On the day of the Webinar, make sure to dial in or login on time using the instructions in the confirmation email you receive following registration. When the maximum number of attendees is reached, no further registrants will be able to join.

Date : 30th May 2019. MACRO EVENTS & NEWS OF 30th May 2019.FX News Today US equities weaker, Treasury yields fell amid flight to safety trades.The concerns that the global economy will slide back into recession amid prolonged trade tensions continue. Chinese media yesterday suggested that Beijing could be limiting the export of rare earths minerals used in the defence an energy sector in order to put pressure on the US only highlighted that the trade war is likely to escalate further before a deal is reached. Against that background US GDP numbers and tomorrow’s inflation data will remain in focus with Bloomberghighlighting that the “Fed model” suggests that there is still value in US stocks, but only if the Fed cuts rates. Oil prices also moved up from recent lows and the WTI future is trading at USD 59.23 per barrel. In Euorpe, Stock futures are also pointing to a stabilisation and a slight easing of risk aversion, with European futures moving higher in tandem with US futures. P olitical developments also remain in focus in Europe amid a pretty quiet data calendar, although after the French number yesterday and ahead of German HICP tomorrow, Spanish inflation data may attract some attention. Charts of the DayTechnician’s Corner EURUSD – H1 – printed one-week lows of 1.1125, and down for the third straight day. Safe-haven flight into the Dollar has been a driver this week, Worse than expected German unemployment data, along with dovish ECB commentary on rate guidance also weighed on the Euro. Support now comes at last week’s two-year low of 1.1107. XAUUSD – H1 – drifted to $1,276.25 slightly below the 200-day EMA, while it remains for a third day in the lower Bollinger Bands pattern. The asset is in a descending triangle since year’s peak. Support could be found in the near term at May 22 low, at $1,272.45, a break of this level could retest year’s strong Support at $1,266.25 Main Macro Events Today Gross Domestic Product (USD, GMT 12:30) – The Preliminary GDP is expected to show a revised 2.9% gain in Q1, versus the 3.2% advance figure released last month, following a 2.2% growth rate in Q4. Tokyo CPI and Production Data (JPY, GMT 23:50) – The country’s main leading indicator of inflation is expected to have dropped slightly at 1.2% y/y in May. Industrial Production is expected to have improved, growing by 0.2% m/m in April, compared to -0.6% m/m in March, while Retail Sales are expected to have fallen by 0.8% y/y, compared to 1.0% in March. Support and Resistance levelsAlways trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 29th May 2019. MACRO EVENTS & NEWS OF 29th May 2019. FX News Today * RISK-OFF again, trade tensions, Huawei court case and weak sentiment. JPY & CHF were the main movers in the Asian session with USDJPY once again testing 109.20 and USDCHF down to 1.0060. US equities markets fell into the close (S&P down 0.84%), while Asian equities have followed lower (Nikkei down over 1%). Bonds rallied as sentiment continues to be fragile. * USD firmer elsewhere; EURUSD dipped to 1.1160, GBPUSD breached 1.2650, and USDCAD attempted 1.3500 again, before slipping back to 1.3480. The Kiwi is firmer following the RBNZ FSR and Governor Orr’s speech, where he avoided monetary policy comments completely. The NZDUSD currently trades off overnight highs of 0.6552 at 0.6544. The AUDUSD supported by pivot point at 0.6972 * Oil prices gave up highs at $59.33 yesterday following comments by Russia that they will consider an extension of the production cap deal with OPEC – USOil currently holds $58.50. Gold, from lows at $1276 yesterday, has recovered to a key resistance at $1281.80. Charts of the Day Technician’s Corner * EURUSD – H1 – another leg lower from 15:00 GMT yesterday R1 at 1.1185 and the 200 ema at 1.1180 are key resistance areas. Daily Pivot sits at 1.1172. RSI (35) and Stochastic (31) are weak an falling. S1 and the lower Bollinger band are at 1.1145 * GBPUSD – H1 – Under key daily pivot and 161.8 Fibonacci extension at 1.2676. 1.2650 is a key psychological level. S1 at 1.2648, the lower Bollinger band at 1.2642 and S2 1.2627 provide further support. Main Macro Events Today * Unemployment (EUR, GMT 07:55) – The German unemployment rate is expected to remain unchanged at 4.9% in May, however the number of vacancies is expected to drop to -7k. * Event of the week – BoC Interest Rate Decision (CAD, GMT 14:00) – At the BoC meeting, consensus expectations are that there should be no interest rate change. However, the abandonment of the mild tightening bias in the last meeting, opened the door to both rate hikes and rate cuts, depending on the flow of data. Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.