Global macro overview for 17/11/2017

The US Industrial Production jumped a solid 0.9% in October as factory activity recovered from the impact of Hurricanes Harvey and Irma (consensus: 0.5%). New light for the expected growth rate for the fourth quarter threw a massive jump in factory production (1.3% m/m, consensus: 0.6%) which was recorded at its seven-year high. Mining activity […]

EURUSD Menguat ke 1.1794 Jelang PIdato Draghi

Monexnews —   Tekanan jual di sekitar greenback berlanjut di akhir pekan, mendorong EURUSD untuk kembali berada di atas 1.1800. Pasangan ini menanti pidato Mario Draghi, presiden ECB di KOnggres European Banking di Frankfurt beberapa saat lagi.   Setelah naik setinggi 1,1860 di awal minggu, atau puncak baru 5-minggu, pasangan ini sempat melemah dan  mundur rentang […]

Forex technical analysis: USDCAD makes new week highs

CPI as expected but remains well below targetsThe Canada CPI came in as expected but the YoY numbers remain well below targets for the Bank of Canada. The USDCAD has moved to new session highs (lower CAD).  The pairs trading at 10 day highs. Technically, the pair not only moved above the week high at 1.2789, […]

Dallas Fed’s Kaplan: US economy approaching full employment

Speaking on Fox business networkHe adds: US government Debt/GDP is historically high Take care not to increase debt to GDP level He’s actively considering next steps on policy Structural headwinds are muting inflation US 10 year yields reflect pessimism on future growth Jerome Powell will be superb leader of Fed A change in Fed leadership […]

Canada CPI (NSA) MoM for October 0.1% vs 0.1% est.

CPI YoY for October 1.4% vs. 1.4% estimate CPI MoM for October 0.1% versus 0.1% estimate. last 0.2% CPI YoY 1.4% versus 1.4% estimate.  Last 1.6% CPI core common YoY 1.6% versus 1.5% last month. CPI core trim YoY 1.5% versus 1.5% last month CPI core median YoY 1.7% versus 1.8% last Consumer price index […]

US Oct housing starts 1290k vs 1190k expected

US Oct housing sector data now out 17 Nov 1135k prev up from 1127k mm  13.7% v 5.6% exp vs -3.2% prev up from -4.7% Building permits   1297k v 1250k exp vs 1225k prev mm  5.9% vs 2.0% exp vs -4.5% prev housing completions 1232k Strong data but USD largely unfazed.Housing Starts measures the change […]

Bitcoin analysis for November 17, 2017

The Bitcoin (BTC) has been trading upwards. As I expected, the price tested the level of $7.987. A major Japanese bitcoin exchange is looking to enter the Russian cryptocurrency market and is seeking a local partner. The exchange’s CEO says «demand is huge» and urges Russia to look at Japan as a model for cryptocurrency […]