Market news

7 April 2017
  • 19:00

    U.S.: Consumer Credit , February 15.21 (forecast 13.9)

  • 14:00

    U.S.: Wholesale Inventories, February 0.4% (forecast 0.4%)

  • 14:00

    Canada: Ivey Purchasing Managers Index, March 61.1 (forecast 56.3)

  • 13:45

    Option expiries for today's 10:00 ET NY cut

    EURUSD: 1.0550 (EUR 360m) 1.0600 (EUR 3.1bln) 1.0620-30 (470m) 1.0650-60 (485m) (605m) 1.0700 (425m) 1.0730-40 (1bln) 1.0765-75 (1.13bln) 1.0800-10 (795m)

    USDJPY: 110.00 (USD 910m) 110.50 (370m) 110.80-110.95 (620m) 111.30-40 (805m) 111.50 (1.08bln) 111.85-112.00 (1.57bln) 112.50-112.65 (500m)

    GBPUSD: 1.2420-30 (GBP 225m) 1.2490-1.2500 (545m)

    USDCHF 1.0000 (USD 225m)

    AUDUSD: 0.7570-75 (AUD 305m) 0.7600 (AUD 687m) 0.7650 (731m)

    USDCAD: 1.3350 (USD 504m) 1.3380 (230m) 1.3410 (325m) 1.3450-60 (530m) 1.3500-1.3510 (588m)

    NZDUSD 0.6985 (405m)

  • 12:36

    US average hourly earnings continue to disappoint

    In March, average hourly earnings for all employees on private nonfarm payrolls increased by 5 cents to $26.14, following a 7-cent increase in February. Over the year, average hourly earnings have risen by 68 cents, or 2.7 percent. In March, average hourly earnings of private-sector production and nonsupervisory employees increased by 4 cents to $21.90.

  • 12:34

    Canadian employment was little changed in March (+19,000 or +0.1%)

    Employment was little changed in March (+19,000 or +0.1%), while the unemployment rate rose 0.1 percentage points to 6.7% as more people searched for work.

    In the first quarter of 2017, employment gains totalled 83,000 or 0.5%. This growth is comparable to the last quarter of 2016 (+91,000 or +0.5%) and notably higher than the first quarter of 2016 (+36,000 or +0.2%).

    Compared with 12 months earlier, employment increased by 276,000 (+1.5%), mostly in full-time work. Over the same period, the total number of hours worked rose 0.7%.

  • 12:33

    US unemployment rate decreased by 0.2 percentage point to 4.5 percent in March, retail trade lost jobs

    The unemployment rate declined to 4.5 percent in March, and total nonfarm payroll employment edged up by 98,000, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services and in mining, while retail trade lost jobs.

    The unemployment rate decreased by 0.2 percentage point to 4.5 percent in March, and the number of unemployed persons declined by 326,000 to 7.2 million. Both measures were down over the year.

    Among the major worker groups, the unemployment rates for adult women (4.0 percent), Whites (3.9 percent), and Hispanics (5.1 percent) declined in March. The jobless rates for adult men (4.3 percent), teenagers (13.7 percent), Blacks (8.0 percent), and Asians (3.3 percent) showed little or no change.

  • 12:31

    Big miss for US non farm payrolls, 98K vs 180K expected

  • 12:30

    U.S.: Nonfarm Payrolls, March 98 (forecast 180)

  • 12:30

    U.S.: Unemployment Rate, March 4.5% (forecast 4.7%)

  • 12:30

    Canada: Unemployment rate, March 6.7% (forecast 6.7%)

  • 12:30

    U.S.: Average workweek, March 34.3 (forecast 34.4)

  • 12:30

    U.S.: Labor Force Participation Rate, March 63%

  • 12:30

    U.S.: Manufacturing Payrolls, March 11.0 (forecast 15)

  • 12:30

    U.S.: Private Nonfarm Payrolls, March 89 (forecast 175)

  • 12:30

    Canada: Employment , March 19.4 (forecast 5)

  • 12:30

    U.S.: Government Payrolls, March 9.0

  • 12:30

    U.S.: Average hourly earnings , March 0.2% (forecast 0.2%)

  • 11:58

    Orders

    EUR/USD

    Offers: 1.0655 1.0670 1.0685 1.0700 1.0730 1.0750

    Bids: 1.0625-30 1.0600 1.0580 1.0565 1.0550


    GBP/USD

    Offers: 1.2480 1.2500 1.2520 1.2550-55 1.2585 1.2600

    Bids: 1.2435 1.2420 1.2400 1.2375-80 1.2350 1.2330 1.2300


    EUR/JPY

    Offers: 118.00 118.30 118.50 118.65 118.80 119.00

    Bids: 117.50 117.30 117.00 116.85 116.50 116.00


    EUR/GBP

    Offers: 0.8555-60 0.8580 0.8600 0.8630 0.8650

    Bids: 0.8530 0.8500 0.8485 0.8465 0.8450 0.8430 0.8400


    USD/JPY

    Offers: 110.80-85 111.00 111.20 111.50 111.80 112.00

    Bids: 110.25-30 110.00 109.85 109.65 109.50


    AUD/USD

    Offers: 0.7550 0.7565 0.7580 0.7600 0.76200.7650

    Bids: 0.7500 0.7485 0.7450 0.7425-30 0.7400

  • 11:24

    Kremlin says Putin, Russia's security council regret harm done to Russia - U.S ties after Syria strikes - Ifax

    • Russia's security council discussed continuation of Russian air deployment in Syria

    • Russia's security council worried over unavoidable negative consequences for fighting terrorism

  • 11:22
  • 08:44

    Eurogroup’s Dijsselbloem: There Will Be No Political Deal On Greece 'Today' @LiveSquawk

  • 08:39

    UK construction output rose less than expected. Week data from UK and GBP/USD is down 40 pips so far

    Output in the construction industry grew for the fourth consecutive period on a 3 month on 3 month basis, increasing by 1.5%.

    Despite growing 3 month on 3 month, output fell by 1.7% in February 2017 in comparison to January 2017.

    On the back of strong growth in January 2017, infrastructure provided one of the main downward pressures on output in February, decreasing by 7.3%.

    New housing also contributed to the monthly decrease in overall output, falling month-on-month by 2.6% in February 2017.

    Repair and maintenance grew in February, increasing month-on-month by 1.2%; month on year by 0.8%; and 3 month on 3 month by 0.6%.

  • 08:36

    UK's deficit on trade in goods and services widened to £3.7 billion in February

    The deficit on trade in goods and services widened to £3.7 billion in February 2017 from a revised deficit of £3.0 billion in January 2017, predominantly due to an increase in imports of erratic goods; excluding erratic goods, the trade deficit narrowed to £2.5 billion in February 2017 from a revised deficit of £3.0 billion in January 2017.

    In the 3 months to February 2017, the deficit on trade in goods and services narrowed to £8.5 billion, reflecting a higher increase in exports than imports, mainly due to increases in exports of machinery and transport equipment, oil and chemicals; the deficit on trade in goods excluding oil and erratic commodities widened in the 3 months to February, continuing the trend seen in the rolling 3-month period since August 2016.

    Trade prices continue to be influenced by recent sterling movements, with export and import prices falling between January and February 2017, coinciding with an increase in volumes.

  • 08:34

    UK industrial production down 0.7% in Feb

    In the 3 months to February 2017, manufacturing increased by 2.1% (unchanged from the 3 months to January 2017), continuing its strongest growth since May 2010 - total production was estimated to have increased by 1.6%, with manufacturing providing the largest contribution.

    The transport equipment sector provided the largest contribution to the manufacturing increase, along with smaller upwards contributions from a range of other manufacturing industries.

    In February 2017, total production decreased by 0.7% compared with January 2017 with falls in all four main sectors, with electricity and gas providing the largest downward contribution, decreasing by 3.4%.

  • 08:30

    United Kingdom: Manufacturing Production (YoY), February 3.3% (forecast 3.9%)

  • 08:30

    United Kingdom: Industrial Production (YoY), February 2.8% (forecast 3.7%)

  • 08:30

    United Kingdom: Manufacturing Production (MoM) , February -0.1% (forecast 0.3%)

  • 08:30

    United Kingdom: Industrial Production (MoM), February -0.7% (forecast 0.2%)

  • 08:30

    United Kingdom: Total Trade Balance, February -3.66

  • 07:30

    United Kingdom: Halifax house price index, March 0% (forecast 0.3%)

  • 07:30

    United Kingdom: Halifax house price index 3m Y/Y, March 3.8% (forecast 3.9%)

  • 07:00

    Switzerland: Foreign Currency Reserves, March 683.18

  • 06:46

    France: Industrial Production, m/m, February -1.6% (forecast 0.5%)

  • 06:45

    France: Trade Balance, bln, February -6.6 (forecast -4.9)

  • 06:33

    Options levels on friday, April 7, 2017

    EUR/USD

    Resistance levels (open interest**, contracts)

    $1.0831 (521)

    $1.0799 (1071)

    $1.0752 (462)

    Price at time of writing this review: $1.0650

    Support levels (open interest**, contracts):

    $1.0602 (502)

    $1.0562 (736)

    $1.0512 (1641)


    Comments:

    - Overall open interest on the CALL options with the expiration date June, 9 is 48848 contracts, with the maximum number of contracts with strike price $1,1000 (4025);

    - Overall open interest on the PUT options with the expiration date June, 9 is 56033 contracts, with the maximum number of contracts with strike price $1,0400 (5303);

    - The ratio of PUT/CALL was 1.15 versus 1.11 from the previous trading day according to data from April, 6

    GBP/USD

    Resistance levels (open interest**, contracts)

    $1.2709 (783)

    $1.2613 (368)

    $1.2518 (934)

    Price at time of writing this review: $1.2466

    Support levels (open interest**, contracts):

    $1.2387 (568)

    $1.2290 (423)

    $1.2193 (550)


    Comments:

    - Overall open interest on the CALL options with the expiration date June, 9 is 15547 contracts, with the maximum number of contracts with strike price $1,3000 (1365);

    - Overall open interest on the PUT options with the expiration date June, 9 is 16971 contracts, with the maximum number of contracts with strike price $1,1500 (3063);

    - The ratio of PUT/CALL was 1.09 versus 1.11 from the previous trading day according to data from April, 6

    * - 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.

  • 06:16

    Germany: Current Account , February 20.4

  • 06:16

    Germany: Trade Balance (non s.a.), bln, February 19.9

  • 06:07

    German industrial production rose more than expected due to higher production of capital goods

    In February 2017, production in industry was up by 2.2% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In January 2017, the corrected figure shows an increase of 2.2% (primary + 2.8%) from December 2016.

    In February 2017, production in industry excluding energy and construction was up by 0.9%. Within industry, the production of capital goods increased by 1.1% and the production of consumer goods by 1.4%. The production of intermediate goods showed an increase by 0.4%. Energy production was up by 0.6% in February 2017 and the production in construction increased by 13.6%

  • 06:05

    German trade balance improved in February

    Germany exported goods to the value of 102.3 billion euros and imported goods to the value of 82.4 billion euros in February 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 3.1% and imports by 3.7% in February 2017 year on year. Exports and imports showed diverging month-on-month trends on a calendar and seasonally adjusted basis. While exports rose by 0.8% on January 2017, imports were down 1.6%.

    The foreign trade balance showed a surplus of 19.9 billion euros in February 2017. In February 2016, the surplus amounted to 19.8 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 21.0 billion euros in February 2017.

  • 06:00

    Swiss unemployment rate drops to 3.4%, as expected

    Registered unemployment in March 2017 - according to the State Secretariat for Economic Affairs (SECO) surveys, 152,280 unemployed persons were registered at the Regional Employment Services Centers (RAV) at the end of March 2017, 7,529 less than in the previous month. The unemployment rate thus fell from 3.6% in February 2017 to 3.4% in the reporting month. Compared to the previous month, unemployment fell by 3,044 (-2.0%). Youth unemployment in March 2017 Youth unemployment (15 to 24 year olds) decreased by 1,545 persons (-8.1%) to 17,563.

  • 06:00

    Germany: Industrial Production s.a. (MoM), February 2.2% (forecast 0.1%)

  • 05:49

    Yen safe heaven demand drops USD/JPY 80 pips on the Asian session. Syria is a vital oil hub, turmoil could continue. Also Gold rallies strong reaching 4.5 months high

  • 05:45

    Syrian National Coalition hopes U.S strikes will continue in order to stop Syrian govt air strikes and "use of internationally banned weapons" - SNC media official

  • 05:45

    Switzerland: Unemployment Rate (non s.a.), March 3.4% (forecast 3.4%)

  • 05:43

    Head of Russian Upper House of parliament international affairs committee says U.S, Russia coalition on Syria in doubt after U.S air strike - Ria

    • Saudi Arabia expresses full support for the U.S air strike in Syria - Arabiya tv

    • Head of Russian Upper House of parliament defence committee says Russia will call for urgent U.N security council meeting after U.S attack on Syria - Ria

  • 05:40

    Russian lawmaker says U.S airstrikes on Syrian airbase are political double standards - Ria

  • 05:39

    President Donald Trump says strike on Syria in the 'vital national security interest' of the United States @AP

  • 05:38

    US military has launched more 50 than missiles aimed at Syria - NBC News

  • 05:16

    Japan: Coincident Index, February 115.5

  • 05:02

    Japan: Leading Economic Index , February 104.4 (forecast 104.7)

  • 00:00

    Japan: Labor Cash Earnings, YoY, February 0.4% (forecast 0.5%)

7 April 2017
Market Focus
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