27 9月 2018

Daily Market View

              

Daily Market View

Thursday, September 27, 2018
          U.S Stock Market

 

DJIA S & P 500 NASDAQ
26420 2911.50 7590.00
-0.01% +0.03% +0.13%

U.S stocks fell and Treasuries rose after the Federal Reserve signaled it’ll keep raising interest rates even as inflation remains tepid. The S&P 500 fell 0.3 percent, with the bulk of losses coming in the final 20 minutes of trading. Equities earlier gained after the central bank suggested inflation remained tepid, only to reverse as Chairman Jerome Powell said the Fed could raise rates past the perceived neutral level. He also raised concern about fiscal policy, calling its path “unsustainable.” The dollar was little changed after swinging between small gains and losses. Powell addressed financial markets directly in his comments, saying that officials “judged the overall vulnerabilities to be moderate” while acknowledging some asset prices are in the “upper reach of their historical ranges.” American equities closed Friday at a record, while the 10-year yield rose to near its highest of the year. Oil prices hit a four-year high before pulling back. The Fed’s statement provided ammunition for hawks and doves alike as investors parsed the language for clues on monetary policy.

 

 

Major Economic Releases for Today
Period Event GMT Forecast Previous

 

BOJ Kuroda speaks in Tokyo 06:35    

sep

German Consumer Price Index (YoY) 12:00 2.0% 2.0%

aug

U.S Advance Goods Trade Balance 12:30 -$70.6b -$72.2b

2Q

U.S Gross Domestic Product Annualized (QoQ) 12:30 4.2% 4.2%

2Q

U.S Personal Consumption 12:30 3.8% 3.8%

aug

U.S Durable Goods Orders 12:30 1.9% -1.7%

 

ECB President Draghi Addresses ESRB Conference in Frankfurt 13:30    

 

BOE’s Carney chairs panel in Frankfurt 14:00    

aug

U.S Pending Home Sales (YoY) 14:00   -0.5%
Dow Jones Industrial Average

The Dow Jones Industrial Average lost 0.40%. The best performers of the session on the Dow Jones Industrial Average were International Business Machines, which rose 1.81% or 2.70 points to trade at 151.61 at the close. Meanwhile, Walt Disney Company added 1.39% or 1.58 points to end at 115.21 and Walgreens Boots Alliance Inc. was up 1.04% or 0.75 points to 72.96 in late trade. The worst performers of the session were American Express Company, which fell 1.69% or 1.86 points to trade at 108.01 at the close. Dow DuPont Inc. declined 1.56% or 1.06 points to end at 66.89 and Goldman Sachs Group Inc. was down 1.56% or 3.62 points to 228.88.

 

 

NASDAQ 100

The tech heavy NASDAQ index lost 0.21%. The top performers on the NASDAQ Composite were CDTi Advanced Materials Inc. which rose 47.37% to 2.8000, Sphere 3D Corp which was up 37.18% to settle at 0.380 and Aldeyra which gained 34.85% to close at 13.35. The worst performers were Jaguar Health Inc. which was down 36.90% to 1.060 in late trade, FlexShopper Inc. which lost 27.23% to settle at 0.851 and Ultra Petroleum Corp which was down 23.22% to 0.975 at the close.

 

Oil

Oil prices eased yesterday after U.S data showed a surprise build in domestic crude inventories, but an impending drop in Iranian exports kept Brent futures above $80 a barrel and on track for a fifth straight quarterly gain. U.S. crude futures ended Wednesday’s session down 71 cents, or 1 percent, at $71.57 a barrel. U.S. crude inventories rose by 1.9 million barrels in the week to Sept. 21, according to U.S. Energy Information Administration (EIA) data. Analysts had expected a decrease of 1.3 million barrels. Refinery crude runs fell by 901,000 barrels per day, EIA data showed. Still, the oil market is bracing for a hit to global supplies from renewed U.S. sanctions on Iran. Brent remains on course for its fifth consecutive quarterly increase, the longest stretch since early 2007 when a six-quarter run led to a record-high price of $147.50 a barrel. We continue to expect that the decline in Iran exports will reach 1.4 million barrels per day.

 

 

Precious and Base Metals

Gold prices rose today as investors looked for bargains after the metal fell to a two-week low in the previous session following a U.S interest rate hike and as limited gains in the dollar after the decision supported demand for the metal. Spot gold had risen 0.4 percent to $1,198.22 an ounce. On Wednesday, the metal touched its lowest since Sept. 11 at $1,190.13 an ounce. Spot gold prices have closed in a range between $1,210 and $1,190 an ounce since Aug. 28. U.S. gold futures were up 0.3 percent at $1,202.10 an ounce. As expected the U.S. Federal Reserve raised interest rates for the third time this year yesterday and left intact its plans to steadily tighten monetary policy, as it forecast that the U.S. economy would enjoy at least three more years of growth. The fact that the Fed didn’t come out as overly hawkish meant there was some positivity felt through emerging market currencies. This may be playing in gold being gingerly bought. Meanwhile, the dollar steadied against its peers as the small boost it received from the Fed interest rate hike faded, with a decline in U.S. Treasury yields reducing support for the greenback. The Fed statement did not have much of an impact on the dollar and so we would venture to guess that the greenback could resume a little lower over the course of the next week or two, possibly giving gold an element of support. However, there is little evidence that gold’s tight trading range will change anytime soon. Gold is sensitive to higher interest rates because they boost the dollar, making bullion more expensive for buyers using other currencies. Gold has fallen more than 12 percent since hitting a peak in April against a backdrop of trade disputes and as the rising U.S. interest rates have cut demand for non-interest bearing bullion. Meanwhile, China on Wednesday unveiled plans to cut tariffs for products including machinery, electrical equipment, and textile products beginning on Nov. 1, as the country braces for an escalating trade war with the United States. Silver rose 1.1 percent to $14.44 an ounce.

 

 

 

 

 

Traditional Agricultures

Soybeans are recovering after it fell last week to its lowest price in nearly 10 years. Bargain buying and a major sale of American soy to Mexico yesterday helped lift U.S soybean futures for the second day.

 

 

 

Futures Settlement Price Wednesday, September 26, 2018
Instrument Contract Open High Low Settlement Net Change
DJIA DJM18 26521 26624 26366 26420 -99
S & P 500 SPM18 2922.25 2935.75 2907.5 2911.5 -9.5
NASDAQ 100 NDM18 7597.75 7667.5 7577 7590 -5.25
Hang Seng HSH18 27534 28032 27534 27814 351
Nikkei 225 NKH18 23840 24025 23825 23985 245
FTSE 100 FTH18 7466.5 7484.5 7448 7448.5 8
Gold GCJ18 1205.6 1206.7 1194.4 1198.2 -7.2
Silver SIK18 1448.5 1453 1433 1434 -14
Copper HGK18 282.3 284.15 281.2 281.8 -0.35
Crude Oil CLK18 72.06 72.34 71.44 72 -0.04
Wheat WK18 522 526.5 516.5 517.25 -3
Soybeans SK18 848.25 853.5 845.75 849.5 4.25
Corn CK18 363 364.25 360.75 362.25 -1

 

 

Daily Swings  (The Pivot Levels)
  Trading Range  
Contract S3 S2 S1 Pivot R1 R2 R3
DJM18 26058 26212 26316 26470 26574 26728 26832
SPM18 2872.50 2890.00 2900.75 2918.25 2929.00 2946.50 2957.25
NDM18 7465.00 7521.00 7555.50 7611.50 7646.00 7702.00 7736.50
HSH18 27057 27295 27555 27793 28053 28291 28551
NKH18 23665 23745 23865 23945 24065 24145 24265
FTH18 7399.67 7423.83 7436.17 7460.33 7472.67 7496.83 7509.17
GCJ18 1180.53 1187.47 1192.83 1199.77 1205.13 1212.07 1217.43
SIK18 1407.00 1420.00 1427.00 1440.00 1447.00 1460.00 1467.00
HGK18 277.67 279.43 280.62 282.38 283.57 285.33 286.52
CLK18 70.61 71.03 71.51 71.93 72.41 72.83 73.31
WK18 503.67 510.08 513.67 520.08 523.67 530.08 533.67
SK18 837.92 841.83 845.67 849.58 853.42 857.33 861.17
CK18 357.08 358.92 360.58 362.42 364.08 365.92 367.58

 

 Source: – News & Quotes (Courtesy:  Reuters)                                                                    

Disclaimer

This information has been prepared for information only and does not constitute an offer or commitment. This information does not constitute investment advice as defined by the rules of the FCA.

The firm or its staff members may trade on their own account and may from time to time hold or act as market makers in investments mentioned in this document. Please note that the firm makes no warranty, expressed or implied, as to the accuracy or completeness of the information and opinions herein. All parties are advised to seek independent professional advice as to the suitability of any products and to their tax, accounting, legal or regulatory implications. City Credit Capital (UK) Ltd is authorized and regulated by the Financial Conduct Authority, reg 232015.

 

 

 

 

 

 

 

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这是City Credit Capital连续第七次在UK FOREX AWARD(英国外汇年度盛典) 中获奖。在2017年,我们赢得了最佳客服奖项。

 

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UK FOREX AWARD(英国外汇年度盛典)旨在表彰全球市场表现最佳的外汇经纪商和公司。该盛典中颁布的奖项旨在奖励那些支持尖端技术,低成本交易,提供全面的市场研究工具,高级教育计划和世界级客户服务的公司。

 

27 9月 2018

FOREX Newsletter

FOREX Newsletter

September 27, 2018

 

Pulse of the Market

·      The Federal Reserve raised interest rates for the third time this year by 25bp

·      USD/CAD broke to the upside following the Federal Reserve’s monetary policy announcement

·      After consolidating for 4 consecutive trading sessions, EUR/USD is prime for a breakout

·      Sterling, on the other hand, was surprisingly resilient due largely to the massive short exposure

 

The Federal Reserve raised interest rates for the third time this year by 25bp. The U.S dollar appreciated against all of the major currencies after the rate decision except for the Japanese Yen and Swiss Franc. The inconsistency in the Dollar’s performance is a sign of risk aversion. The Dow dropped more than 100 points today while 10-year yields fell nearly 5bp. The Fed’s rate hike should have driven Treasury yields higher especially after they said not much has changed since June, but the fact that it indicates that Chairman Powell failed to satisfy the bulls. Between the central bank’s economic projections, the dot plot and Powell’s comments on the economy, there’s no question that the Fed will continue to raise interest rates. Fed fund futures were unchanged after the rate decision with the market pricing in 77% chance of a follow-up move in December. Powell described the economy as strong and said he’s positive on growth. Investors were hoping for unambiguously hawkish comments from the Fed Chair and while he had a lot of good things to say, the mere mention of the possibility of rate cuts capped the rally. According to Powell, if inflation surprises to the upside, they could move faster but if the economy slows they would probably cut rates. They also oppose taking away more of their tools (in case there’s a need for them). While the risk of easing is minimal, because of these comments today’s move can’t be described as a hawkish hike (it wasn’t a dovish one either). Looking ahead, 113 could turn into a double top for USD/JPY. After consolidating for 4 consecutive trading sessions, EUR/USD is prime for a breakout. Although tomorrow’s ECB economic bulletin and Eurozone consumer confidence report are likely to be positive, we think EUR/USD is vulnerable to a correction. Shorter term charts show a strong rejection of 1.18 and if EUR/USD breaks below 1.1725, we could see a swift sell-off towards 1.1670.

 

Time(GMT)   Economic Release IMP Actual Forecast Prior
06:00 German GfK Consumer Confidence (OCT) Medium   10.5 10.5
06:35 BOJ Kuroda speaks in Tokyo High      
08:00 ECB Publishes Economic Bulletin Medium      
12:00 German Consumer Price Index (YoY) (SEP) High   2.0% 2.0%
12:30 U.S Advance Goods Trade Balance (AUG) High   -$70.6b -$72.2b
12:30 U.S Gross Domestic Product Annualized (QoQ) (2Q) High   4.2% 4.2%
12:30 U.S Personal Consumption (2Q) Medium   3.8% 3.8%
12:30 U.S Durable Goods Orders (AUG ) High   1.9% -1.7%
12:30 U.S Initial Jobless Claims (SEP 22) Medium   210k 201k
13:30 ECB President Draghi Addresses ESRB Conference in Frankfurt High      
14:00 BOE’s Carney chairs panel in Frankfurt. High      
14:00 U.S Pending Home Sales (YoY) (AUG) Medium     -0.5%
20:30 U.S Powell Makes Brief Remarks on U.S Economy at Senate Event High      
21:45 Canada Poloz Speech in New Brunswick High      
23:01 U.K GfK Consumer Confidence (SEP) Medium   -8 -7

 

Euro

The single currency ended yesterday’s trading session lower as the dollar gained in choppy trading after the Federal Reserve raised U.S interest rates as expected for the eighth time, flagged more rate hikes and signaled the end of the “accommodative” policy era. The statement said the Fed still foresees another rate hike in December. Overall, the EUR/USD traded with a low of 1.1724 and a high of 1.1796 before closing the day around 1.1737 in the New York session.

 

Yen

The Japanese Yen spiked higher shortly after the release of the U.S Fed interest rate decision in reaction to the central bank’s monetary policy statement and comments from Fed Chairman Jerome Powell. That move raised the most questions with some traders saying this likely means that the Fed no longer believes its policy is accommodative. Overall, the USD/JPY traded with a low of 112.61 and a high of 113.11 before closing the day around 112.70 in the U.S session.

 

British Pound

The British Pound slipped as investors remained cautious about negotiations between Britain and the EU on a Brexit deal and as broader currency markets waited for an expected Fed interest rate hike. With little in the way of big market-moving economic data in the near-term, domestic politics and sentiment around Brexit talks remain the driver for the pound. Overall, the GBP/USD traded with a low of 1.3136 and a high of 1.3215 before closing the day at 1.3164 in the New York session.

 

Canadian Dollar

The Canadian Dollar weakened to its lowest in more than a week against the greenback as the Fed hiked interest rates and investors worried that Canada would be left out of a trade deal with its NAFTA counterparts. Canadian Prime Minister Justin Trudeau shrugged off U.S pressure to quickly agree to a deal on the North American Free Trade Agreement. Overall, USD/CAD traded with a low of 1.2942 and a high of 1.3022 before closing the day at 1.3016 in the New York session.

 

Australian Dollar

The Australian Dollar held firm ahead of what should be a well-flagged rise in US interest rates. The Australian Dollar traded slightly lower today in Asian session as ABS job vacancy data softened and Chinese industrial profits pulled back sharply. The US Federal Open Market Committee raised its interest rates yesterday. Overall, AUD/USD traded with a low of 0.7238 and a high of 0.7313 before closing the day at 0.7255 in the New York session.

 

Euro-Yen

EUR/JPY is trading above 14, 50 and 100 days moving average. Fast stochastic is giving a bullish tone and MACD is also issuing a bullish stance. The Relative Strength Index is above 764 and lies above the neutral zone. In general, the pair has lost 0.44%.

 

Sterling-Yen

Currently, GBP/JPY is trading above 14, 50 and 100 days moving average. Fast stochastic is issuing a bullish tone and MACD is also indicating a bullish stance. The Relative Strength Index is above 61 reading and lies above the neutral zone. On the whole, the pair has lost 0.34%.

  

Aussie-Yen

Currently, the cross is trading above 14 and below 50, 100 days moving average. Fast stochastic is giving a bullish tone and MACD is also indicating a bullish stance. The Relative Strength Index is above 58 reading and lies above the neutral region. In general, the pair has lost 0.11%.

  

Euro-Sterling

This cross is currently trading above 14, 50 and 100 days moving average. Fast stochastic is indicating a bullish tone and MACD is also issuing a bullish signal. The Relative Strength Index is above 51 and lies above the neutral region. On the whole, the pair has lost 0.09%.

 

Sterling-Swiss

This cross is trading below 14, 50 and 100 days moving average. Fast stochastic is issuing a bullish stance and MACD is also indicating a bullish tone. The Relative Strength Index is above 52 and lies above the neutral region. In general, the pair has lost 0.02%.

 

Appendix

  

FOREX Closing Prices for September 26, 2018
Currency Open High Low Close Net Chg
EUR/USD 1.17636 1.17964 1.17245 1.17379 -0.0027
USD/JPY 112.958 113.117 112.613 112.709 -0.2420
GBP/USD 1.3181 1.32159 1.31363 1.31643 -0.0016
USD/CHF 0.96479 0.96998 0.96215 0.96582 0.0011
USD/CAD 1.29525 1.30229 1.29426 1.30164 0.0065
EUR/JPY 132.907 133.093 132.208 132.318 -0.5850
GBP/JPY 148.911 149.07 148.256 148.392 -0.5020
CHF/JPY 117.048 117.178 116.426 116.667 -0.3770
AUD/JPY 81.878 82.472 81.738 81.774 -0.0910
EUR/GBP 0.89217 0.89441 0.8899 0.89156 -0.0008
EUR/CHF 1.13505 1.13825 1.133 1.13387 -0.0014
GBP/CHF 1.27188 1.27773 1.26861 1.27162 -0.0002

 

 

 

Daily Pivot Points
  Trading Range  
Contract S3 S2 S1 Pivot R1 R2 R3
EUR/USD 1.1638 1.1681 1.1709 1.1753 1.1781 1.1825 1.1853
USD/JPY 112.01 112.31 112.51 112.81 113.01 113.32 113.52
GBP/USD 1.3049 1.3093 1.3128 1.3172 1.3208 1.3252 1.3288
USD/CHF 0.9542 0.9582 0.9620 0.9660 0.9698 0.9738 0.9776
USD/CAD 1.2885 1.2914 1.2965 1.2994 1.3045 1.3074 1.3126
EUR/JPY 131.10 131.65 131.99 132.54 132.87 133.42 133.76
GBP/JPY 147.26 147.76 148.08 148.57 148.89 149.39 149.70
CHF/JPY 115.58 116.01 116.34 116.76 117.09 117.51 117.84
AUD/JPY 80.78 81.26 81.52 81.99 82.25 82.73 82.99
EUR/GBP 0.8850 0.8874 0.8895 0.8920 0.8940 0.8965 0.8985
EUR/CHF 1.1266 1.1298 1.1318 1.1350 1.1371 1.1403 1.1423
GBP/CHF 1.2585 1.2635 1.2676 1.2727 1.2767 1.2818 1.2858

 

 

Sources:  News, Charts & Quotes (Courtesy: Reuters, US Department Of Treasury)

 

 

Disclaimer

This information has been prepared for information only and does not constitute an offer or commitment. This information does not constitute investment advice as defined by the rules of the FCA.

The firm or its staff members may trade on their own account and may from time to time hold or act as market makers in investments mentioned in this document. Please note that the firm makes no warranty, expressed or implied, as to the accuracy or completeness of the information and opinions herein. All parties are advised to seek independent professional advice as to the suitability of any products and to their tax, accounting, legal or regulatory implications. City Credit Capital (UK) Ltd is authorized and regulated by the Financial Conduct Authority, reg 232015.

 

 

市场报告                     2018-09-27

 

   
Market Summary
周三(9月26日)美元指数震荡收涨。因美联储一如市场预期宣布加息,将基准利率上调25个基点,此次决议中的一大变化为美联储删除了“货币政策的立场仍然是宽松的”这一措辞。利率决议公布之后,美元指数在急跌急涨之间来回拉锯,一度跌破94.00关口,最低触及93.95,但随后急剧反弹,再次触及日高94.41。数据方面,美国8月新屋销售为62.9万户,高于前值的62.7万户;MBA抵押贷款申请活动指数为2.9%,也高于前值的1.6%。最终美元指数收于94.30。

现货黄金周三在美联储如期加息25个基点后短线巨震,重返1200关口下方。亚市早盘开于1200.90美元/金衡盎司后金价小幅走高,录得日内高点1202.20美元/金衡盎司后转跌,金价震荡下行。欧市金价加大跌幅,延续跌势。美市多头反攻,金价反弹,短线巨震,冲击高位后回落,金价跌宕起伏,之后返回跌势,终收于1194.05美元/金衡盎司。

国际原油周三小幅收跌0.03美元,或0.04%,报71.97美元/桶。因美国原油库存报告偏向利空,同时美元在美联储会议决议后触低反弹也令油价承压。数据显示,美国EIA・周度原油库存意外增加,为增加185.2万桶;汽油库存增幅也超过预期,为增加153万桶;但馏分油库存意外下降,为减少224.1万桶。

美国股市周三走低,回吐稍早涨幅。因美联储主席鲍威尔在货币政策宣布后发表的言论导致利率走低,银行股随之走低。道琼工业指数收跌106.93点,或0.40%,至26,385.28点;标准普尔500指数收低9.59点,或0.33%,至2,905.97点;纳斯达克指数收低17.10点,或0.21%,至7,990.37点。

个股方面,标普500金融股指数 .SPSY 跌1.27%,领跌各板块。对利率敏感的标普500公用事业股指数 .SPLRCU 和地产股指数 .SPLRCR 均下挫逾1%。而二十一世纪福克斯FOXA.O 收高1.02%,该公司将出脱手中英国天空公司(Sky)39%的持股,给美国有线电视巨擘康凯斯特(Comcast),交易金额约150亿美元,欧洲最大付费电视集团全数落在康凯斯特手中。

日本股市周三收高,有关美国升息的预期提振了期货以及迅销和软银等大盘股,抵消了除权的汽车制造商等高收益类股的疲势。日经225指数终场收涨0.39%或93.53点,至24,033.79点。

个股方面,重股迅销及软银,分别上涨1.63%及1.07%。武田药品工业劲涨1.64%,因之前大和证券将该股评级从“中性”上调至“表现优于大盘”。而汽车、银行及券商股表现落后,丰田汽车跌1.26%,日产汽车大跌3.96%,瑞穗金融集团跌2.45%,三井住友金融集团跌2.38%,野村控股跌1.53%。

 

Technical  Analysis
USDJPY

从日线图上看,美元/日元隔夜下跌,跌破113.000关口。技术指标上,MACD看涨动能柱缩减,RSI指标向下。后市看来,价格初步支撑位于112.100一线。上行方面,价格阻力目标考验113.100一线。

 

EURUSD

从日线图上看,欧元/美元隔夜收跌,最低下探至1.17248一线。技术指标上,MACD看涨动能柱缩减,RSI指标下行至58。后市看来,价格初步支撑考验1.17000一线。上行方面,价格阻力目标指向1.18300一线。

 

GBPUSD

从日线图上看,英镑/美元隔夜震荡收跌,最低下探至1.31369一线。技术指标上,MACD看涨动能柱微缩,RSI指标小幅向下。后市看来,价格初步支撑考验1.31300一线。上行方面,价格阻力目标位于1.32700一线。

 

XAUUSD

从日线图上看,金价隔夜收出阴线。技术指标上,MACD看涨动能柱缩减,RSI指标位于44。后市来看,金价有下跌的可能,上方阻力位于1205.00一线,下行支撑位于1185.00一线。

 

CL_

从日线图上看,油价隔夜收出十字线,最低下探至71.47一线。技术指标上,MACD看涨动能柱微缩,RSI指标位于62。后市来看,油价有可能持续区间震荡,下方支撑位于71.50一线,上方阻力位于73.00一线。

 

DJ_

从日线图上看,价格隔夜收出阴线。技术指标上,MACD看涨动能柱缩减,RSI指标位于60。后市来看,价格仍有下跌的可能,上方阻力位于26600一线,下行支撑位于26300一线。

 

NK_

从日线图上看,价格隔夜收出墓碑线,最高上探至24025一线。技术指标上,MACD看涨动能柱微幅缩减,RSI指标位于71。后市来看,价格仍有上涨的可能,下方支撑位于23800一线,上方阻力位于24100一线。