CFD Markets News and Forecasts — 03-05-2019

ATTENTION: The content in the news and analytics feed is updated automatically, and reloading the page may slow down the process of new content appearing. We recommend that you keep your news feed open at all times to receive materials quickly.
Filter by currency
03.05.2019
19:00
DJIA +0.80% 26,518.05 +210.26 Nasdaq +1.43% 8,151.80 +115.03 S&P +0.94% 2,945.05 +27.53
17:02
U.S.: Baker Hughes Oil Rig Count, May 807
16:00
European stocks closed: FTSE 100 +29.33 7380.64 +0.40% DAX +67.33 12412.75 +0.55% CAC 40 +9.98 5548.84 +0.18%
14:30
U.S. non-manufacturing sector’s growth unexpectedly slows in April - ISM

The Institute for Supply Management (ISM) reported its non-manufacturing index (NMI) came in at 55.5 in April, which was 0.6 percentage point lower than the March reading of 56.1 percent. The April reading pointed to the weakest expansion in the services sector since July 2017.

Economists forecast the index to increase to 57.0 last month. A reading above 50 signals expansion, while a reading below 50 indicates contraction. 

Of the 18 manufacturing industries, 15 reported growth last month, the ISM said.

According to the report, the ISM’s non-manufacturing business activity measure rose to 59.5 percent, 2.1 percentage points higher than the March reading of 57.4 percent. That reflected growth for the 117th consecutive month, at a faster rate in April. Meanwhile, the new orders gauge decreased to 58.1 percent, 0.9 percentage point lower than the reading of 59 percent in March. The employment indicator fell 2.2 percentage points in April to 53.7 percent from the March reading of 55.9 percent. The Prices Index dropped 3 percentage points from the March reading of 58.7 percent to 55.7 percent, indicating that prices increased in April for the 23rd consecutive month. 

Commenting on the data, the Chair of the ISM Non-Manufacturing Business Survey Committee, Anthony Nieves, noted, "The past relationship between the NMI and the overall economy indicates that the NMI for April (55.5 percent) corresponds to a 2.4-percent increase in real gross domestic product (GDP) on an annualized basis.”


14:01
U.S. services PMI signals slowest business activity growth since March 2017 - HIS Markit

The latest report by IHS Markit revealed on Friday the seasonally adjusted final IHS Markit U.S. Services Business Activity Index (PMI) stood at 53.0 in April, down from 55.3 in March, but broadly in line with the earlier released “flash” figure of 52.9.

The reading signaled the slowest business activity growth across the U.S. service sector since March 2017.

Economists had forecast the index to stay unrevised at 52.9.

According to the report, output rose at the softest pace since March 2017 as new business growth eased to a two-year low. The rate of job creation also slowed to a two-year low, while business expectations fell to the lowest for almost three years. On the price front, rates of input price and output charge inflation eased to 26- and 18-month lows, respectively.


14:00
U.S.: ISM Non-Manufacturing, April 55.5 (forecast 57)
13:45
U.S.: Services PMI, April 53.0 (forecast 52.9)
13:39
U.S. jobs report supports Fed Chair's assessment of healthy outlook for 2019 – Nordea Markets

Anders Svendsen, an analyst at Nordea Markets, says that today’s U.S. Labour Market Report for April supports Fed Chair Powell’s upbeat assessment of the economy from Wednesday’s FOMC meeting.

  • Nonfarm payrolls increased 263k in April + 19k in revisions from the past two reports, somewhat above the consensus estimate at 185k.
  • The unemployment rate dropped to 3.6%, while the broad U6 unemployment rate remained unchanged at 7.3%.
  • The only weak spot was wage growth “only” at 0.2% m/m in April, higher than a month earlier but less than expected.
  • Overall, the Labour Market Report supports Fed Chair Powell’s assessment of a healthy outlook for this year.

13:33
U.S. Stocks open: Dow +0.57%, Nasdaq +0.71% S&P +0.54%
13:26
Before the bell: S&P futures +0.48%, NASDAQ futures +0.74%

U.S. stock-index futures rose on Friday, supported by strong employment report for April.


Global Stocks:

Index/commodity

Last

Today's Change, points

Today's Change, %

Nikkei

-

-

-

Hang Seng

30,081.55

+137.37

+0.46%

Shanghai

3,078.34

+15.84

+0.52%

S&P/ASX

6,335.80

-2.60

-0.04%

FTSE

7,412.00

+60.69

+0.83%

CAC

5,560.36

+21.50

+0.39%

DAX

12,414.01

+68.59

+0.56%

Crude oil

61.83

+0.02

+0.03%

Gold

1,277.70

+5.70

+0.45%

12:57
Wall Street. Stocks before the bell

(company / ticker / price / change ($/%) / volume)


3M Co

MMM

186.47

1.72(0.93%)

5901

ALCOA INC.

AA

26.07

0.14(0.54%)

803

ALTRIA GROUP INC.

MO

53.2

0.04(0.08%)

937

Amazon.com Inc., NASDAQ

AMZN

1,947.50

46.68(2.46%)

234716

American Express Co

AXP

118.1

0.85(0.72%)

3580

Apple Inc.

AAPL

210.6

1.45(0.69%)

221697

AT&T Inc

T

30.7

0.08(0.26%)

24090

Boeing Co

BA

376.51

0.71(0.19%)

5060

Caterpillar Inc

CAT

136

0.83(0.61%)

8036

Chevron Corp

CVX

117.25

0.87(0.75%)

6292

Cisco Systems Inc

CSCO

54.58

-0.36(-0.66%)

85211

Citigroup Inc., NYSE

C

70.28

0.37(0.53%)

12734

Exxon Mobil Corp

XOM

77.72

0.43(0.56%)

7677

Facebook, Inc.

FB

194.25

1.72(0.89%)

99383

FedEx Corporation, NYSE

FDX

189.52

2.48(1.33%)

6369

Ford Motor Co.

F

10.37

0.03(0.29%)

84467

Freeport-McMoRan Copper & Gold Inc., NYSE

FCX

11.56

0.05(0.43%)

24001

General Electric Co

GE

10.3

0.05(0.49%)

174447

Google Inc.

GOOG

1,167.50

4.89(0.42%)

8681

Hewlett-Packard Co.

HPQ

20.05

0.01(0.05%)

300

Home Depot Inc

HD

202

0.99(0.49%)

2235

Intel Corp

INTC

50.84

0.29(0.57%)

34840

International Business Machines Co...

IBM

140.26

0.67(0.48%)

261

Johnson & Johnson

JNJ

141.6

0.32(0.23%)

972

JPMorgan Chase and Co

JPM

115.95

0.54(0.47%)

6382

McDonald's Corp

MCD

194.52

-0.09(-0.05%)

1384

Merck & Co Inc

MRK

79.86

0.34(0.43%)

1194

Microsoft Corp

MSFT

127.19

0.98(0.78%)

81111

Nike

NKE

85.7

0.43(0.50%)

2398

Pfizer Inc

PFE

40.89

-0.12(-0.29%)

3997

Procter & Gamble Co

PG

105.55

-0.01(-0.01%)

1612

Tesla Motors, Inc., NASDAQ

TSLA

242.5

-1.60(-0.66%)

680715

The Coca-Cola Co

KO

48.51

0.12(0.25%)

3843

Twitter, Inc., NYSE

TWTR

40.2

0.25(0.63%)

84537

United Technologies Corp

UTX

140.14

0.34(0.24%)

451

UnitedHealth Group Inc

UNH

233.84

1.39(0.60%)

632

Verizon Communications Inc

VZ

57.2

0.21(0.37%)

613

Visa

V

162

0.88(0.55%)

9542

Wal-Mart Stores Inc

WMT

101.9

0.75(0.74%)

8135

Walt Disney Co

DIS

134.91

0.77(0.57%)

32345

Yandex N.V., NASDAQ

YNDX

36.98

0.48(1.32%)

17890

12:54
Upgrades before the market open

Wal-Mart (WMT) upgraded to Outperform from Market Perform at Bernstein

12:48
Nonfarm payrolls increase above expectations in April

The U.S. Labor Department announced on Friday that nonfarm payrolls increased by 263,000 in April after a downwardly revised 189,000 gain in the prior month (originally an increase of 196,000). That was the largest increase since January.

According to the report, employment rose notably in professional and business services (76,000 jobs), construction (33,000), health care (+27,000), and social assistance (+26,000).

At the same time, the unemployment rate fell to 3.6 percent in April from 3.8 percent in March. That was the lowest rate since December 1969.

Economists had forecast 185,000 new jobs and the jobless rate to stay at 3.8 percent.

The labor force participation rate dropped by 0.2 percentage point to 62.8 percent in April, while hourly earnings for private-sector workers rose 0.2 percent m-o-m (6 cents) to $27.77, following a revised 0.2 percent m-o-m gain in March (originally a 0.1 percent uptick). Economists had forecast a 0.3 percent m-o-m advance in the average hourly earnings. Over the year, average hourly earnings have increased by 3.2 percent.

The average workweek decreased by 0.1 hour to 34.4 hours in April, compared to economists’ forecast of 34.5 hours.

12:30
U.S.: Manufacturing Payrolls, April 4 (forecast 10)
12:30
U.S.: Government Payrolls, April 27
12:30
U.S.: Goods Trade Balance, $ bln., March -71.45 (forecast -73)
12:30
U.S.: Private Nonfarm Payrolls, April 236 (forecast 180)
12:30
U.S.: Average workweek, April 34.4 (forecast 34.5)
12:30
U.S.: Labor Force Participation Rate, April 62.8% (forecast 62.9%)
12:30
U.S.: Average hourly earnings , April 0.2% (forecast 0.3%)
12:30
U.S.: Unemployment Rate, April 3.6% (forecast 3.8%)
12:30
U.S.: Nonfarm Payrolls, April 263 (forecast 185)
12:25
After the Employment Report, focus to shift to U.S. ISM non-manufacturing index and comments of Fed representatives - Rabobank

Rabobank's analysts suggest that in the U.S. session, after the Employment Report, attention is to be paid to the ISM non-manufacturing index for April and the speeches of several Fed officials.

  • The most important PMI for the US services sector fell to 56.1 in March from 59.7 in February. Earlier this week its manufacturing counterpart dropped to 52.8 in April from 55.3 in March, continuing a downward pattern since August last year. In contrast, the services sector PMI has moved sideways in the same period. This shows that so far most of the current headwinds to US corporates have been coming from abroad, as the services sector is less dependent on the global economy. Today’s figure will tell us whether this still is the case.”
  • Finally, we also get a range of Fed speakers. Chicago Fed President Charles Evans will speak at the NABE International Symposium at the Riksbank in Stockholm. He will have a prepared text and there will be a Q&A with the audience. Note that Evans is a voting member of the FOMC this year.

11:54
UK PM May: Best way to deliver Brexit is to leave with a deal

  • Parliament has made clear that it will prevent a no-deal Brexit
  • There was a simple message from local elections: "Get on and deliver Brexit"
  • Says that it is a difficult time for the Tory party
  • Says "profoundly disagree" with calls for a second referendum

11:44
RBNZ likely to drop its OCR forecast to around 1.4% next week - Westpac

Dominick Stephens, a chief economist at Westpac, thinks next week’s OCR decision of the Reserve Bank of New Zealand (RBNZ) is an incredibly close call. He sees a 55% chance of an OCR cut, and a 45% chance of an on hold decision.

  • GDP growth has fallen well short of the RBNZ’s lofty expectations. If the economy stays slow, inflation will be stuck below 2%.
  • Regardless of the OCR decision, we expect the RBNZ to drop its OCR forecast to around 1.4%.
  • In the event of a cut, the RBNZ will leave the door open to further cuts without making promises. – If the OCR is kept on hold, we expect the RBNZ will strengthen its easing bias.

11:16
UK government spokesperson Donnelly: Government continues to have serious discussions with Labour party

  • Cross-party Brexit talks to restart after the weekend
  • Government wants talks to keep moving forward
  • PM May understands frustration over UK having not left the EU yet


11:03
China tempers the U.S. hints the sides are peparing for "last round" of trade talks - South China Morning Post reports

Messages from the U.S. side that next week’s talks in Washington with China could be the last round in efforts to end the year-long trade war have been tempered by Beijing’s negotiators, who have suggested the tactic to “generate pressure” should not be taken “seriously”, the South China Morning Post reports.

White House spokeswoman Sarah Sanders said on Thursday that the U.S. President Donald Trump and the Chinese President Xi Jinping will decide after the negotiations between delegates next week whether to meet to finish the trade deal, hinting that this will be the last round of talks before a possible summit between the two leaders.

“Certainly I think that at the end of the day you’re gonna have to see the two leaders sit down and finalise some of the details of any major trade deal like this,” she said.

However, Taoran Notes, a social media account used by Beijing to release trade talk information and to manage domestic expectations, said the hints from the U.S. side that next week’s 11th round of talks is a deadline are merely a trick “to increase tensions and generate pressure on the other side”.

“It’s the same tactic as the US threatening to raise tariffs, it is merely smoke and mirrors to exert extreme pressure [on China],” the post said. “You don’t have to take it seriously.”

It also warned that there is still a possibility that the two sides will end up in “an unhappy departure” if one side wants the other to make compromises and neglects “fairness in negotiation”.

10:46
U.S. nonfarm payrolls likely to trend modestly lower to 170,000 in April - TDS

Analysts at TD Securities expect the U.S. nonfarm payrolls to trend modestly lower to 170,000 in April after 196,000-gain in the previous month.

  • In particular, while we expect a minor rebound in manufacturing jobs following two disappointing payroll prints, this is likely to be more than offset by a deceleration back to trend in job creation in the services sector, following a stronger-than-expected bump in March. That said, the blowout ADP employment report creates upside risks for another stronger-than-expected pace of service sector job creation in April.
  • All in, the household survey should show the unemployment rate ticked down a tenth to 3.7%, while wages are expected to rise 0.2% m/m. This should leave the annual print unchanged at 3.2%.

10:19
Easter effects to bring core inflation down considerably in May - ING

Bert Colijn, a Senior Eurozone Economist at ING, notes that Easter and oil effects have pushed up inflation to 1.7% in April, but don’t get thrown off by this jump in price growth; the trend is still downwards. In May, Easter effects will probably bring core inflation down considerably, he says.

  • Inflation data usually bounces around this time of the year, as the timing of Easter influences holiday related price growth. This year is no different as March saw a drop in core inflation from 1 to 0.8% and it went up to 1.2% in April. The differences in services inflation, which include package holidays were even more pronounced as they jumped from 1.1 to 1.9% in April. Core inflation improvements are likely to reverse again next month as Easter effects fade out. 
  • With business confidence continuing to be weak, the underlying story remains one of higher wage growth taken into margins as businesses remain too uncertain about the future of price increases. In April, we again saw selling price expectations drop for the months ahead, indicating that core inflation environment remains soft for now as business confidence hasn't picked up yet.
  • The recent rise in oil prices is pushing up inflation now, but base effects from energy prices are still going to push inflation down over the coming months with headline inflation moving further away from the ECB's target until the end of 2020. 


10:08
UK Labour leader Corbyn: If there is no agreement with government, Brexit will return to parliament

  • Says that Labour wanted to do better in local elections
  • Notes both main parties lost seats due to Brexit issues

09:59
EUR/GBP to range-trade - Danske Bank

Mikael Olai Milhøj, senior analyst at Danske Bank, points out that the GBP was essentially unchanged on the day after the BoE meeting and they are keeping firm their expectation of range-trading at 0.85-0.87 (roughly +/-1 percent band from the middle).

“The key to moving outside the band is likely (1) getting closer to realising some form of Brexit and/or (2) a significant change to the domestic economy. But both options remain elusive. In case of a resolution of the politics, the core BoE expectation and forecasts remain centred on a soft Brexit with a rebound in inflation and domestic demand. In turn, we think, this should help cap the immediate upside even if politics get resolved, as the central bank would not need to change much. In any case, the BoE would likely wait and see how the economy evolves ex-post a positive Brexit event.”

09:44
Britain's two main parties punished over Brexit in local election - partial results

British Prime Minister Theresa May’s Conservatives and the opposition Labour Party were both punished in a local election by English voters who blame them for the deadlock over Brexit, partial results showed on Friday.

With almost half of English local council vote results declared, the Conservative Party lost 433 councillors and the Labour Party had lost 81 councillors, according to a BBC tally.

The results are another display of how Britain’s 2016 vote to leave the European Union has split the nation beyond traditional party lines, leaving Labour and the Conservatives deeply divided.

The Liberal Democrats won 301 councillors, independent candidates won 215 council seats and Greens, which also backs a second referendum, gained 38, the partial results showed.

09:30
Euro area industrial producer prices down by 0.1% in April

According to estimates from Eurostat, in March 2019, compared with February 2019, industrial producer prices fell by 0.1% in the euro area (EA19) and rose by 0.1% in the EU28. In February 2019, prices increased by 0.1% in the euro area and by 0.2% in the EU28. In March 2019, compared with March 2018, industrial producer prices rose by 2.9% in the euro area and by 3.1% in the EU28.

Industrial producer prices in the euro area in March 2019, compared with February 2019, fell by 0.5% for the energy sector, remained stable for non-durable consumer goods, and rose by 0.1% for both capital goods and durable consumer goods and by 0.2% for intermediate goods. Prices in total industry excluding energy remained stable.

In the EU28, industrial producer prices rose by 0.2% for intermediate goods, by 0.1% for capital goods, durable consumer goods and non durable consumer goods, while prices in the energy sector remained stable. Prices in total industry excluding energy rose by 0.2%.

09:15
Euro area annual inflation up to 1.7% in April

According to a flash estimate from Eurostat, the statistical office of the European Union, euro area annual inflation is expected to be 1.7% in April 2019, up from 1.4% in March. Economists had expected a 1.6% increase

Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in April (5.4%, compared with 5.3% in March), followed by services (1.9%, compared with 1.1% in March), food, alcohol & tobacco (1.5%, compared with 1.8% in March) and non-energy industrial goods (0.2%, compared with 0.1% in March).


09:00
Eurozone: Harmonized CPI ex EFAT, Y/Y, April 1.2% (forecast 1%)
09:00
Eurozone: Producer Price Index (YoY), March 2.9% (forecast 3%)
09:00
Eurozone: Producer Price Index, MoM , March -0.1% (forecast 0%)
09:00
Eurozone: Harmonized CPI, Y/Y, April 1.7% (forecast 1.6%)
08:45
UK service sector returns to growth in April - IHS Markit/CIPS

According to the report from IHS Markit/CIPS, UK service providers recorded a rise in business activity during April, thereby signalling a return to growth following the marginal decline seen during the previous month. However, the rate of expansion was only slight, and another fall in new work highlighted that subdued underlying demand conditions persisted. Employment numbers were broadly unchanged during the latest survey period, with companies reporting that higher wage costs and weaker sales had led to cautious staff hiring policies.

The seasonally adjusted PMI Business Activity Index posted 50.4 in April, up from March's 32-month low of 48.9. Despite a change of direction for service sector activity, the rate of expansion was much softer than on average in 2018. Survey respondents continued to report that Brexit uncertainty and concerns about the UK economic outlook had encouraged clients to postpone spending decisions.

08:30
United Kingdom: Purchasing Manager Index Services, April 50.4 (forecast 50.5)
08:22
Bundesbank chief Weidmann: banks pay only marginal sums to ECB on negative rates

  • relief for banks from deposit rate charge would be more than offset by the cost of slower normalisation

  • improving banking profitability is a challenge for the industry

  • German growth dip proving to be more persistent than initially thought

  • 0.5 pct growth in Germany this year seems very plausible

  • Germany likely posted solid Q1 growth but this was helped by one offs, like mild weather

  • despite solid Q1, there is still no overall improvement in economy

  • low borrowing costs, rising wages, more supportive fiscal policy suggest that growth wil pick up later this year

08:16
US NFP likely to slow to 160k – Deutsche Bank

Deutsche Bank’s US economists are expecting the US nonfarm payrolls to slow to 160k versus 196k in March, while the consensus is for 190k.

“Our colleagues do note though that their forecast should be enough to keep the unemployment rate at 3.8%, while for earnings they forecast +0.2% mom, a tenth below what the market expects. That should still be enough to see the annual rate nudge up to +3.3% yoy though and just shy of its post-recession high.”

08:00
Bank of England's Broadbent undecided on whether to apply to succeed Carney

Bank of England Deputy Governor Ben Broadbent said he had not decided whether he would apply to succeed Mark Carney, who is due to step down on Jan. 31 next year.

Broadbent, who has been deputy governor for monetary policy since July 2014, is viewed as a leading contender for the role, though the favourite is generally seen as Financial Conduct Authority chief executive Andrew Bailey.

Broadbent said he was "fully absorbed by and very privileged to have the job I have at the moment".

Pressed on whether he would apply for the governorship before a June 5 deadline set out in the formal job advertisement last month, he said: "I haven't decided yet."

07:39
British shop sales fall in April - BDO survey

Sales in British shops fell in April, a survey showed, even though warm weather and the Easter holidays should have encouraged shopping.

Accountancy and business advisory firm BDO said its monthly High Street Sales Tracker found sales in UK shops fell 0.4% y/y in April. It was the third monthly decline for in-store sales so far this year.

"Whilst a marginal drop in sales may not on the face of it seem significant, it has to be taken in the context of a low benchmark and, crucially, what should have been perfect shopping conditions last month," said Sophie Michael, BDO's head of retail and wholesale.

"With record warm weather, Easter holidays and more Brits taking staycations, April should have been a bumper month for high street retailers. Instead, these factors couldn't prevent further decline. Real wage growth and low unemployment were not filtering through to spending, with consumer confidence low" she said.

07:19
EUR/USD bounce losing upside momentum - Commerzbank

Karen Jones, analyst at Commerzbank, suggests that the EUR/USD pair has held over the 1.1110, the May 2017 low but seems to be losing upside momentum just ahead of the 55 day ma at 1.1274.

“Market may need to consolidate further, intraday Elliott wave counts are contradictory. For now, we are unable to rule out a retest of the 1.1110 support. Be advised that the pattern being traced out is a potential large reversal pattern, we have divergence of the weekly RSI and a 13 count on the weekly chart as well and there is a risk of reversal. Support at 1.1110 is regarded as the break down point to 2018-2019 support line (connects the lows) at 1.1059, the 1.0963 TD support and the 1.0814/78.6% retracement. Initial resistance is the 100 day ma at 1.1329 and the resistance line at 1.1356 ahead of the 200 day ma at 1.1413. Only above the 200 day ma would this imply reversal.”

07:00
US NFP to trend modestly lower in April to 170k - TDS

TD Securities analysts are looking for the US payrolls to trend modestly lower in April to 170k, following the near-200k print posted in the previous month.

“In particular, while we expect a minor rebound in manufacturing jobs following two disappointing payroll prints, this is likely to be more than offset by a deceleration back to trend in job creation in the services sector, following a stronger-than-expected bump in March. That said, the blowout ADP employment report creates upside risks for another stronger-than-expected pace of service sector job creation in April. All in, the household survey should show the unemployment rate ticked down a tenth to 3.7%. Average hourly earnings are expected to rise 0.2% m/m. This pace of wage growth should leave the annual print unchanged at 3.2%. However, if we get a "soft" 0.2% increase, the annual pace in wage growth would slow to 3.1%.”

06:45
Swiss consumer prices increased by 0.2% in April

According to the report from Federal Statistical Office (FSO), the consumer price index (CPI) increased by 0.2% in April 2019 compared with the previous month, reaching 102.4 points (December 2015 = 100). Inflation was 0.7% compared with the same month of the previous year.

The 0.2% increase compared with the previous month can be explained by several factors including rising prices for fuel and for air transport. In contrast, prices for hotel accommodation, glasses and contact lenses decreased.

In April 2019, the Swiss Harmonised Index of Consumer Prices (HICP) stood at 101.85 points (base 2015=100). This corresponds to a rate of change of +0.6% compared with the previous month and of +1.1% compared with the same month the previous year. The HICP is a supplementary indicator for inflation based on a harmonised method across EU member countries. It enables inflation in Switzerland to be compared with that of European countries.

06:30
Switzerland: Consumer Price Index (MoM) , April 0.2% (forecast 0.2%)
06:30
Switzerland: Consumer Price Index (YoY), April 0.7% (forecast 0.7%)
06:15
RBA rate cut expectations firmed up - Westpac

According to analysts at Westpac, downside surprise for Australian inflation has firmed up RBA’s rate cut expectations amongst market participants.

“Two cuts in the cash rate in 2019 has been Westpac’s expectation since February. This view has now become the market consensus, albeit with a difference of opinion still evident on the months the cuts will be delivered. Market pricing currently points to a May cut being a 45% chance after it peaked at roughly two thirds immediately after the disappointing March CPI outcome. 2016’s rate cuts have been used as justification for immediate action in 2019 given both episodes saw inflation well below target. We believe 2019 is different for a number of reasons, including the fact that the RBA carried an explicit easing bias into the 2016 May meeting, which is not the case in 2019.”

06:01
Swiss consumer sentiment has worsened slightly in Q2

According to the report from SECO (State Secretariat for Economic Affairs), swiss consumer sentiment has worsened slightly. The index now comes in only just above average. The labour market has still been assessed positively. However, the likelihood of consumers making major purchases remains low.

In the survey undertaken in April 2019, consumers’ statements were somewhat less optimistic than three months earlier. At -6 points, the consumer sentiment index hardly exceeds its long-term average (-9 points). The index was expected to improve to -3 from -4.

In terms of general economic development, consumers have shown similar levels of optimism to the previous quarter: at -3 points, the relevant sub-index has remained above its long-term average (-9 points). This indicates a continuation of the now only moderate economic growth but not a further worsening of the business cycle development.

The labour market assessments have deteriorated slightly. Mirroring declining unemployment and growing employment, however, the labour market has still been judged positively overall. The sub-index on anticipated unemployment (31 points) has thus stayed well below average. Job security has been estimated as significantly lower than at the start of the year but, over the long term, it has remained above average.

05:45
Switzerland: SECO Consumer Climate, Quarter II -6 (forecast -3)
05:35
Options levels on friday, May 3, 2019 EURUSD GBPUSD

EUR/USD

Resistance levels (open interest**, contracts)

$1.1255 (2770)

$1.1238 (1279)

$1.1217 (221)

Price at time of writing this review: $1.1171

Support levels (open interest**, contracts):

$1.1148 (3244)

$1.1124 (1066)

$1.1099 (2891)


Comments:

- Overall open interest on the CALL options and PUT options with the expiration date May, 3 is 91595 contracts (according to data from May, 2) with the maximum number of contracts with strike price $1,1500 (5753);


GBP/USD

Resistance levels (open interest**, contracts)

$1.3152 (1484)

$1.3106 (1578)

$1.3061 (674)

Price at time of writing this review: $1.3037

Support levels (open interest**, contracts):

$1.2976 (1528)

$1.2948 (1585)

$1.2899 (2101)


Comments:

- Overall open interest on the CALL options with the expiration date May, 3 is 25046 contracts, with the maximum number of contracts with strike price $1,3500 (2424);

- Overall open interest on the PUT options with the expiration date May, 3 is 28244 contracts, with the maximum number of contracts with strike price $1,2850 (2910);

- The ratio of PUT/CALL was 1.13 versus 0.95 from the previous trading day according to data from May, 2

* - 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.

02:30
Commodities. Daily history for Thursday, May 2, 2019
Raw materials Closed Change, %
Brent 70.15 -2.47
WTI 61.52 -3.19
Silver 14.6 -0.34
Gold 1270.446 -0.47
Palladium 1353.91 0.28
01:30
Australia: Building Permits, m/m, March -15.5% (forecast -14%)
00:30
Stocks. Daily history for Thursday, May 2, 2019
Index Change, points Closed Change, %
Hang Seng 245.07 29944.18 0.83
KOSPI 9.16 2212.75 0.42
ASX 200 -37.5 6338.4 -0.59
FTSE 100 -33.95 7351.31 -0.46
DAX 1.34 12345.42 0.01
Dow Jones -122.35 26307.79 -0.46
S&P 500 -6.21 2917.52 -0.21
NASDAQ Composite -12.87 8036.77 -0.16
00:15
Currencies. Daily history for Thursday, May 2, 2019
Pare Closed Change, %
AUDUSD 0.69989 -0.23
EURJPY 124.594 -0.15
EURUSD 1.11714 -0.24
GBPJPY 145.291 -0.07
GBPUSD 1.30295 -0.17
NZDUSD 0.66166 -0.06
USDCAD 1.34706 0.26
USDCHF 1.01899 0.13
USDJPY 111.501 0.09

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location