Market news

29 August 2017
  • 23:50

    Japan: Retail sales, y/y, July 1.9% (forecast 1%)

  • 22:45

    New Zealand: Building Permits, m/m, July -0.7%

  • 22:16

    Currencies. Daily history for Aug 29’2017:

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

    EUR/USD $1,1968 -0,07%

    GBP/USD $1,2919 -0,07%

    USD/CHF Chf0,95487 +0,31%

    USD/JPY Y109,65 +0,79%

    EUR/JPY Y131,24 +0,72%

    GBP/JPY Y141,665 +0,71%

    AUD/USD $0,7948 +0,15%

    NZD/USD $0,7249 +0,09%

    USD/CAD C$1,25158 -0,10%

  • 21:58

    Schedule for today, Wednesday, Aug 30’2017 (GMT0)

    01:30 Australia Building Permits, m/m July 10.9% -5.1%

    01:30 Australia Construction Work Done Quarter II -0.7% 1.1%

    06:00 Switzerland UBS Consumption Indicator July 1.38

    07:00 Switzerland KOF Leading Indicator August 106.8 107

    08:30 United Kingdom Mortgage Approvals July 64.68 65.5

    08:30 United Kingdom Net Lending to Individuals, bln July 5.6 5.3

    08:30 United Kingdom Consumer credit, mln July 1458 1500

    09:00 Eurozone Consumer Confidence (Finally) August -1.7 -1.5

    09:00 Eurozone Business climate indicator August 1.05 1.05

    09:00 Eurozone Economic sentiment index August 111.2 111.3

    09:00 Eurozone Industrial confidence August 4.5 4.7

    12:00 Germany CPI, y/y (Preliminary) August 1.7% 1.8%

    12:00 Germany CPI, m/m (Preliminary) August 0.4% 0.1%

    12:15 U.S. ADP Employment Report August 178 183

    12:30 Canada Current Account, bln Quarter II -14.1 -17.5

    12:30 U.S. PCE price index, q/q (Revised) Quarter II 2.2% 0.3%

    12:30 U.S. PCE price index ex food, energy, q/q (Revised) Quarter II 1.8% 0.9%

    12:30 U.S. GDP, q/q (Revised) Quarter II 1.2% 2.7%

    13:15 U.S. FOMC Member Jerome Powell Speaks

    14:30 U.S. Crude Oil Inventories August -3.327

    23:05 United Kingdom Gfk Consumer Confidence August -12 -13

    23:50 Japan Industrial Production (MoM) (Preliminary) July 1.6% Revised From 1.6% -0.5%

    23:50 Japan Industrial Production (YoY) (Preliminary) July 4.9%

  • 14:27

    Haley: something serious has to happen over North Korea's violation of security council resolution, enough is enough - Reuters

  • 14:07

    US consumer confidence improved further in August

    The Conference Board Consumer Confidence Index, which had increased in July, improved further in August. The Index now stands at 122.9 (1985=100), up from 120.0 in July. The Present Situation Index increased from 145.4 to 151.2, while the Expectations Index rose marginally from 103.0 last month to 104.0.

    "Consumer confidence increased in August following a moderate improvement in July," said Lynn Franco, Director of Economic Indicators at The Conference Board. "Consumers' more buoyant assessment of present-day conditions was the primary driver of the boost in confidence, with the Present Situation Index continuing to hover at a 16-year high (July 2001, 151.3). Consumers' short-term expectations were relatively flat, though still optimistic, suggesting that they do not anticipate an acceleration in the pace of economic activity in the months ahead."

  • 14:00

    U.S.: Consumer confidence , August 122.9 (forecast 121)

  • 13:00

    U.S.: S&P/Case-Shiller Home Price Indices, y/y, June 5.7% (forecast 5.7%)

  • 12:36

    Canadian Industrial Product Price Index declined 1.5% in July

    The Industrial Product Price Index (IPPI) declined 1.5% in July, mainly due to lower prices for motorized and recreational vehicles. The Raw Materials Price Index decreased 0.6%, mostly attributable to lower prices for metal ores, concentrates and scrap.

    The IPPI posted its largest decline since December 2014, down 1.5% in July following a 1.1% decrease in June. The decline in the IPPI was widespread. Of the 21 major commodity groups, 18 were down, 1 was up and 2 were unchanged.

    Prices for motorized and recreational vehicles (-3.3%), which posted their largest decline since May 2009 (-3.9%), were primarily responsible for the decline in the IPPI in July. Lower prices for passenger cars and light trucks (-3.5%), motor vehicle engines and motor vehicle parts (-2.7%) and aircraft (-4.4%) led the decline in this commodity group. Lower prices for motorized and recreational vehicles were closely linked to the appreciation of the Canadian dollar relative to the US dollar.

  • 12:30

    Canada: Industrial Product Price Index, m/m, July -1.5% (forecast -0.2%)

  • 12:30

    Canada: Industrial Product Price Index, y/y, July 1.3%

  • 12:22

    Trump says "all options are on the table" for North Korea - White House statement

    • Trump, after Pyongyang's missile launch over Japan, says "the world has received North Korea's latest message loud and clear"

    • Trump and Abe 'committed to increasing pressure on North Korea, and doing their utmost to convince the international community to do the same'

    • 'Agreed that North Korea poses a grave and growing direct threat to the United States, Japan, and the republic of Korea, as well as to countries around the world'

  • 11:30

    UK PM May's spokeswoman says PM is outraged by North Korea's reckless provocation by these illegal tests, will work with international partners to keep pressure on North Korea

  • 10:43

    Eu condemns North Korea missile launch, to consider "appropriate response" after UN meeting - Statement

  • 10:42

    Moscow calls on North Korea to show restraint, avoid any new provocative actions - Ifax

    • Urges U.S. and its allies to avoid any military escalation in the region


  • 09:37

    North Korea envoy adds: "the U.S. should be fully responsible for the catastrophic consequences it will entail"

  • 08:56

    Merkel says this is a "very complicated phase" in our relations with Turkey

    • Would like to have better ties with Turkey, but we have to look at reality

  • 08:40

    Forex option contracts rolling off today at 14.00 GMT:

    EURUSD: 1.1800 (525 m) 1.1850 (295 m) 1.1875 (330 m) 1.1900 (810 m)

    USDJPY: 109.50 (465 m) 110.00 (470 m)

    AUDUSD: 0.7995 (525 m)

  • 08:35
  • 08:21

    U.S. disarmament envoy says still needs to do "further analysis" of North Korea's latest missile test "but the fact that it passed over the land territory of Japan is of great concern"

  • 07:32

    EUR/USD trading above 1.20 for the first time in the last 2.5 years

  • 07:20

    Senior Russian lawmaker says latest North Korean missile test shows U.N. resolution failed to achieve its objective

  • 06:47

    German FinMin: Debt Cut For Greece Is Not Currently On The Agenda - Reuters

  • 06:45

    Options levels on tuesday, August 29, 2017

    EUR/USD

    Resistance levels (open interest**, contracts)

    $1.2073 (4743)

    $1.2049 (2436)

    $1.2031 (4758)

    Price at time of writing this review: $1.1993

    Support levels (open interest**, contracts):

    $1.1920 (182)

    $1.1894 (504)

    $1.1862 (1013)


    Comments:

    - Overall open interest on the CALL options and PUT options with the expiration date September, 8 is 130359 contracts (according to data from August, 28) with the maximum number of contracts with strike price $1,1600 (5191);


    GBP/USD

    Resistance levels (open interest**, contracts)

    $1.3074 (1649)

    $1.3040 (3300)

    $1.3012 (853)

    Price at time of writing this review: $1.2950

    Support levels (open interest**, contracts):

    $1.2908 (1249)

    $1.2886 (2057)

    $1.2857 (2172)


    Comments:

    - Overall open interest on the CALL options with the expiration date September, 8 is 36808 contracts, with the maximum number of contracts with strike price $1,3000 (3300);

    - Overall open interest on the PUT options with the expiration date September, 8 is 32200 contracts, with the maximum number of contracts with strike price $1,2850 (2498);

    - The ratio of PUT/CALL was 0.87 versus 0.87 from the previous trading day according to data from August, 28

    * - 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.

  • 06:45

    France: GDP, q/q, Quarter II 0.5% (forecast 0.5%)

  • 06:43

    The annual pace of UK house prices growth moderated to 2.1% in August

    Annual house price growth slows to 2.1%,

    from 2.9% in July

    • Modest 0.1% fall month-on-month

    • Stamp duty revenues rise to new highs

    Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said: "The annual pace of house price growth moderated to 2.1% in August, from 2.9% in July. The slowdown in house price growth to the 2-3% range in recent months from the 4-5% prevailing in 2016 is consistent with signs of cooling in the housing market and the wider economy.

    The economy grew by c.0.3% per quarter in the first half of 2017, around half the pace recorded in 2016. The number of mortgages approved for house purchase moderated to a nine-month low of c.65,000 in June and surveyors have reported softening in the number of new buyer enquiries".

  • 06:42

    Consumers in Germany see the domestic economy continuing on a very good path - GfK

    The mood among consumers in August shows a positive but non-uniform pattern. Both income expectation and propensity to buy have been able to improve their already outstanding levels, while economic expectation was less impressive after five increases in a row. GfK forecasts an increase in consumer climate for September of 0.1 points in comparison to the previous month to 10.9 points.

    Consumers in Germany see the domestic economy continuing on a very good path. Evidence of this is provided by the new increases in income expectation and propensity to buy. It has been possible for both to again improve in their high levels. Economic expectation, on the other hand, has suffered a setback. Yet its current level still suggests that consumers nevertheless see the German economy continuing on a course for growth.

  • 06:41

    Japan PM Abe: Agreed With Trump To Increase Pressure On North Korea - Reuters

  • 06:01

    United Kingdom: Nationwide house price index , August -0.1% (forecast 0.1%)

  • 06:01

    United Kingdom: Nationwide house price index, y/y, August 2.1% (forecast 2.5%)

  • 06:00

    Germany: Gfk Consumer Confidence Survey, September 10.9 (forecast 10.8)

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