There are some key moves seen on financial markets in the past couple of weeks as the general outlook on market sentiment has undergone a seismic shift. We look at the impact that has been seen across forex markets, equities, commodities and bonds. The big question is thoguh, will the moves continue higher or is there some room for profit taking this week?
US dollar bulls looking closely at trade talks this weekHantec Markets
The outcome of the US/China trade negotiations remain key for the near to medium term outlook on markets. The US dollar is a key mover on this. We look at how this is impacting on the outlook for forex, equities and commodities.
Reaction to Fed balance sheet reduction is keyRichard Perry
This week could be pivotal for US monetary policy. Financial markets are looking towards the FOMC meeting on Wednesday as an indicator for several key factors, however the Fed is likely to be the first central bank to start reducing the size of its balance sheet. Aside from the theoreticals, no one really knows how financial markets will react to the Fed's balance sheet reduction. We look at the outlook for forex, equities and commodities.
Are markets setting up for a dollar rally this week?Richard Perry
The document provides an outlook and analysis of key economic events and financial markets for the week of January 29th, 2018. It notes that no change is expected from the Federal Reserve's monetary policy meeting on January 31st. It summarizes factors driving recent US dollar weakness against other major currencies and expectations for further dollar declines. It also reviews expectations for major equity markets, commodity prices, and bond yields over the coming week based on scheduled economic data releases and other events.
Bond markets and the dollar remain key this weekHantec Markets
Traders continue to react to the victory of Donald Trump in the US Presidential Election. We look at how this seismic event has shifted expectations and sentiment across financial markets. It would appear that the bond markets and the dollar are leading the key moves and other markets continue to react this week. This report also looks at the technical outlook on forex, equities and commodities as traders look to dramatically re-position themselves for an outlook that took them by so much of a surprise.
Treasury yields and Non-farm Payrolls are key this weekRichard Perry
The dollar strength is an increasing factor in markets as Treasury yields shoot higher. The reaction to Donald Trump's tax plan and the potential for a hawkish Kevin Warsh taking the chair of the FOMC is helping to underpin the dollar. Inflation and earnings are still key factors, with the Non-farm Payrolls report in focus. We take a look at the outlook for forex, indices and commodities markets as the final quarter of the year begins.
Could a turnaround last the distance for major markets? Hantec Markets
After a tumultuous period of trading on financial markets is a turning point about to be seen? If so, how long can it last? We consider the outlook for forex, equities and commodities in the coming days.
China and US trade dispute remains a key driverRichard Perry
A significant driver of recent trading sentiment has been taken from the flows of news over the trade dispute between the US and China. This remains an issue this week and we take a look at the impact on forex, equity markets and commodities.
US dollar bulls looking closely at trade talks this weekHantec Markets
The outcome of the US/China trade negotiations remain key for the near to medium term outlook on markets. The US dollar is a key mover on this. We look at how this is impacting on the outlook for forex, equities and commodities.
Reaction to Fed balance sheet reduction is keyRichard Perry
This week could be pivotal for US monetary policy. Financial markets are looking towards the FOMC meeting on Wednesday as an indicator for several key factors, however the Fed is likely to be the first central bank to start reducing the size of its balance sheet. Aside from the theoreticals, no one really knows how financial markets will react to the Fed's balance sheet reduction. We look at the outlook for forex, equities and commodities.
Are markets setting up for a dollar rally this week?Richard Perry
The document provides an outlook and analysis of key economic events and financial markets for the week of January 29th, 2018. It notes that no change is expected from the Federal Reserve's monetary policy meeting on January 31st. It summarizes factors driving recent US dollar weakness against other major currencies and expectations for further dollar declines. It also reviews expectations for major equity markets, commodity prices, and bond yields over the coming week based on scheduled economic data releases and other events.
Bond markets and the dollar remain key this weekHantec Markets
Traders continue to react to the victory of Donald Trump in the US Presidential Election. We look at how this seismic event has shifted expectations and sentiment across financial markets. It would appear that the bond markets and the dollar are leading the key moves and other markets continue to react this week. This report also looks at the technical outlook on forex, equities and commodities as traders look to dramatically re-position themselves for an outlook that took them by so much of a surprise.
Treasury yields and Non-farm Payrolls are key this weekRichard Perry
The dollar strength is an increasing factor in markets as Treasury yields shoot higher. The reaction to Donald Trump's tax plan and the potential for a hawkish Kevin Warsh taking the chair of the FOMC is helping to underpin the dollar. Inflation and earnings are still key factors, with the Non-farm Payrolls report in focus. We take a look at the outlook for forex, indices and commodities markets as the final quarter of the year begins.
Could a turnaround last the distance for major markets? Hantec Markets
After a tumultuous period of trading on financial markets is a turning point about to be seen? If so, how long can it last? We consider the outlook for forex, equities and commodities in the coming days.
China and US trade dispute remains a key driverRichard Perry
A significant driver of recent trading sentiment has been taken from the flows of news over the trade dispute between the US and China. This remains an issue this week and we take a look at the impact on forex, equity markets and commodities.
US dollar in under huge pressure but will it continue this week?Richard Perry
Growth in China's economy is expected to exceed the government's 2017 target of 6.5% with GDP growth of around 6.9% expected when the latest figures are released on Thursday. Positive surprises in industrial production and retail sales data from China would be supportive of risk appetite, particularly for commodity currencies like the Australian and New Zealand dollars. Key economic data from the UK, eurozone, US, Canada, Australia and China will be released throughout the week, with China's GDP the highlight on Thursday.
Will the recovery bulls wilt quickly this week?Hantec Markets
There is an air of fear and concern that is sweeping through markets now. It is almost as though traders and investors have lost faith in the ability of central banks to control global markets. In the two weeks following the Bank of Japan moving to negative interest rates, the Japanese yen perversely strengthened by over 1000 pips against the dollar.
UK inflation and Eurozone growth will be key this weekHantec Markets
The sharp rally on oil (likely short covering) has helped to improve sentiment, however the dollar is now coming under pressure as US economic data just begins to disappoint. We look at how this could impact on financial markets in the coming days. What are the key factors to watch that will affect forex, equities and commodities traders? UK inflation and wages, along with Eurozone growth are on the agenda.
With a dearth of US data the ECB will be key this weekRichard Perry
The document provides a weekly outlook and analysis of key economic events and financial markets. It summarizes that central banks continue to influence market sentiment, with the ECB signaling a move towards tapering asset purchases and the Fed acknowledging that sluggish inflation may require a slower pace of rate hikes. Key events this week include inflation data from the Eurozone and UK and central bank decisions from the ECB and BoJ. Technical indicators are analyzed for various currency pairs, equity indexes, commodities and bonds.
US economic data is key for the dollar rally this weekRichard Perry
Janet Yellen has bolstered expectations of the next move from the Fed coming this summer with a suggestion that the next hike “would be appropriate” if the economic data continues to improve. So there will be a big focus on the US economic data this week with PCE, ISM and of course Non-farm Payrolls this week
Trade negotiations and renewed dollar strength is key this weekHantec Markets
The weekly outlook report provides an overview of key economic events and indicators for the coming week, as well as analysis of currency, equity, commodity, and bond markets. Key events include Eurozone flash PMIs on Thursday and US existing home sales data on Tuesday. The report notes renewed US dollar strength and risks to growth from an escalating US-China trade dispute. It recommends using rallies in sterling and the euro as selling opportunities given political and growth risks.
Political risk of a trade war continues to drive sentimentHantec Markets
Political risk remains key moving into what looks to be a quiet week on financial markets. How the issue of US trade tariffs continues to develop over the coming days will be key for sentiment. Will protectionist fears subside or proliferate? We look at the outlook for financial markets and impact on forex, equity indices and commodities.
China data is set to drive risk appetite this weekHantec Markets
We could begin to learn a lot more this week about the current outlook for the global economy as there is a whole raft of economic data points out of China to drive risk appetite as they will paint a picture of how the economic re-balancing of the world’s second largest economy is progressing.
As traders return to their desks from their summer break we consider the prospects of the dollar int he coming week. Economic data makes a welcome return to switch focus away from the politics with Non-farm Payrolls topping the agenda. We consider the outlook for major forex, equities and commodities markets.
Fed minutes and US growth in focus for markets this weekHantec Markets
Donald Trump’s trip to the Middle East seems to have taken the focus off his recent domestic woes but the problems will not just disappear. Financial markets have reacted and this week will be important as to whether the fears are quickly brushed aside or whether they prevail and develop into something more concerning. We look at the outlook for forex, equities and commodities and the key factors set to drive markets in the coming days. The Fed minutes and growth numbers will be in focus.
Fed minutes and US growth in focus for markets this weekHantec Markets
The document provides Richard Perry's weekly market outlook and analysis for the week of May 22nd. It summarizes key economic data and events, including the FOMC meeting minutes on Wednesday. It analyzes the impacts on foreign exchange markets, equity indexes, commodities, and bonds. Political developments related to Trump continue to impact market sentiment. The outlook remains cautiously neutral to bearish depending on the data and political news flow over the coming days.
ECB and UK General Election are key risk events this weekHantec Markets
The ECB and the UK General Election will dominate the focus for traders in the coming days and have the potential to significantly increase volatility for financial markets. We look at how these will impact on markets, the outlook for forex, equity indices and commodities in the coming week and potential moves that traders can expect as a result.
ECB, US growth and the Fed chair will be keyRichard Perry
Markets are consolidating ahead of some major risk events throughout the next seven days. The ECB monetary policy is highly likely to be an historic event which could drive the outlook for the euro in the coming months. We also see US growth on the agenda, but we will also see what sort of vision Donald Trump has for the FOMC as he identifies the next Fed chair. We look at how the outlook for forex, equities and commodities are impacted.
Markets continue to be pulled around by two factors, the US dollar strength and the question of when the Federal Reserve will tighten interest rates. Neither are mutually exclusive and it may be difficult to ascertain exactly which is driving which. Rate hike expectations are driving dollar strength, but hampering corporate profits and hampering inflation and growth, which is then an argument against a rate hike.
Is the medium term dollar rally about to break down?Hantec Markets
In today's Weekly Outlook we consider the progress of the dollar rally. What are the key factors impacting on forex, equity indices and commodities in the coming days.
The weekly outlook provides a forecast for the upcoming week's key economic events and their potential impact. It expects the ECB to cut interest rates by 0.4% on Thursday but notes the market may be pricing in a larger 0.2% cut. China's trade and inflation data on Tuesday and Thursday will influence risk appetite. Central bank meetings in Canada, New Zealand and the Eurozone will drive volatility in their currencies and the euro.
US Presidential Election will begin to take increasing importance Hantec Markets
As we move into the final quarter of the year, traders will be looking for Q4 to be somewhat more interesting that a rather subdued Q3. With the problems at Deutsche Bank causing swings in sentiment, markets will begin to now look seriously at the increasing importance of the implications of potential outcomes of the US Presidential Election and how it will affect risk appetite.
Is a trend about to emerge for the dollar this week?Hantec Markets
With a tumultuous start to 2019 there is a lot to be concerned about for traders. However, is a trend about to emerge for the dollar? We look at the outlook for forex, commodities and equities this week.
Tax reform remains key with US CPI in focus this weekRichard Perry
The perception of progress in US tax reform remains a key driver of financial markets with CPI inflation in focus. Treasury yields are still a key factor in how the US dollar trades and for this tax reform plays a key role. We take a look at the outlook for forex, equities and commodities markets this week
Are the dollar bulls in control this week?Hantec Markets
Will the dollar strength continue and allow the dollar bulls to remain in control? Are equities set for gains all the way towards the inauguration of Donald Trump on 20th January? We look into the key factors that traders and investors need to consider for their positions this week. What is the outlook for major forex, equities, commodities and bond markets?
O documento encoraja alguém a continuar tentando um jogo, mesmo quando errar. Ele oferece elogios quando acertar e conselhos para não desistir quando errar.
US dollar in under huge pressure but will it continue this week?Richard Perry
Growth in China's economy is expected to exceed the government's 2017 target of 6.5% with GDP growth of around 6.9% expected when the latest figures are released on Thursday. Positive surprises in industrial production and retail sales data from China would be supportive of risk appetite, particularly for commodity currencies like the Australian and New Zealand dollars. Key economic data from the UK, eurozone, US, Canada, Australia and China will be released throughout the week, with China's GDP the highlight on Thursday.
Will the recovery bulls wilt quickly this week?Hantec Markets
There is an air of fear and concern that is sweeping through markets now. It is almost as though traders and investors have lost faith in the ability of central banks to control global markets. In the two weeks following the Bank of Japan moving to negative interest rates, the Japanese yen perversely strengthened by over 1000 pips against the dollar.
UK inflation and Eurozone growth will be key this weekHantec Markets
The sharp rally on oil (likely short covering) has helped to improve sentiment, however the dollar is now coming under pressure as US economic data just begins to disappoint. We look at how this could impact on financial markets in the coming days. What are the key factors to watch that will affect forex, equities and commodities traders? UK inflation and wages, along with Eurozone growth are on the agenda.
With a dearth of US data the ECB will be key this weekRichard Perry
The document provides a weekly outlook and analysis of key economic events and financial markets. It summarizes that central banks continue to influence market sentiment, with the ECB signaling a move towards tapering asset purchases and the Fed acknowledging that sluggish inflation may require a slower pace of rate hikes. Key events this week include inflation data from the Eurozone and UK and central bank decisions from the ECB and BoJ. Technical indicators are analyzed for various currency pairs, equity indexes, commodities and bonds.
US economic data is key for the dollar rally this weekRichard Perry
Janet Yellen has bolstered expectations of the next move from the Fed coming this summer with a suggestion that the next hike “would be appropriate” if the economic data continues to improve. So there will be a big focus on the US economic data this week with PCE, ISM and of course Non-farm Payrolls this week
Trade negotiations and renewed dollar strength is key this weekHantec Markets
The weekly outlook report provides an overview of key economic events and indicators for the coming week, as well as analysis of currency, equity, commodity, and bond markets. Key events include Eurozone flash PMIs on Thursday and US existing home sales data on Tuesday. The report notes renewed US dollar strength and risks to growth from an escalating US-China trade dispute. It recommends using rallies in sterling and the euro as selling opportunities given political and growth risks.
Political risk of a trade war continues to drive sentimentHantec Markets
Political risk remains key moving into what looks to be a quiet week on financial markets. How the issue of US trade tariffs continues to develop over the coming days will be key for sentiment. Will protectionist fears subside or proliferate? We look at the outlook for financial markets and impact on forex, equity indices and commodities.
China data is set to drive risk appetite this weekHantec Markets
We could begin to learn a lot more this week about the current outlook for the global economy as there is a whole raft of economic data points out of China to drive risk appetite as they will paint a picture of how the economic re-balancing of the world’s second largest economy is progressing.
As traders return to their desks from their summer break we consider the prospects of the dollar int he coming week. Economic data makes a welcome return to switch focus away from the politics with Non-farm Payrolls topping the agenda. We consider the outlook for major forex, equities and commodities markets.
Fed minutes and US growth in focus for markets this weekHantec Markets
Donald Trump’s trip to the Middle East seems to have taken the focus off his recent domestic woes but the problems will not just disappear. Financial markets have reacted and this week will be important as to whether the fears are quickly brushed aside or whether they prevail and develop into something more concerning. We look at the outlook for forex, equities and commodities and the key factors set to drive markets in the coming days. The Fed minutes and growth numbers will be in focus.
Fed minutes and US growth in focus for markets this weekHantec Markets
The document provides Richard Perry's weekly market outlook and analysis for the week of May 22nd. It summarizes key economic data and events, including the FOMC meeting minutes on Wednesday. It analyzes the impacts on foreign exchange markets, equity indexes, commodities, and bonds. Political developments related to Trump continue to impact market sentiment. The outlook remains cautiously neutral to bearish depending on the data and political news flow over the coming days.
ECB and UK General Election are key risk events this weekHantec Markets
The ECB and the UK General Election will dominate the focus for traders in the coming days and have the potential to significantly increase volatility for financial markets. We look at how these will impact on markets, the outlook for forex, equity indices and commodities in the coming week and potential moves that traders can expect as a result.
ECB, US growth and the Fed chair will be keyRichard Perry
Markets are consolidating ahead of some major risk events throughout the next seven days. The ECB monetary policy is highly likely to be an historic event which could drive the outlook for the euro in the coming months. We also see US growth on the agenda, but we will also see what sort of vision Donald Trump has for the FOMC as he identifies the next Fed chair. We look at how the outlook for forex, equities and commodities are impacted.
Markets continue to be pulled around by two factors, the US dollar strength and the question of when the Federal Reserve will tighten interest rates. Neither are mutually exclusive and it may be difficult to ascertain exactly which is driving which. Rate hike expectations are driving dollar strength, but hampering corporate profits and hampering inflation and growth, which is then an argument against a rate hike.
Is the medium term dollar rally about to break down?Hantec Markets
In today's Weekly Outlook we consider the progress of the dollar rally. What are the key factors impacting on forex, equity indices and commodities in the coming days.
The weekly outlook provides a forecast for the upcoming week's key economic events and their potential impact. It expects the ECB to cut interest rates by 0.4% on Thursday but notes the market may be pricing in a larger 0.2% cut. China's trade and inflation data on Tuesday and Thursday will influence risk appetite. Central bank meetings in Canada, New Zealand and the Eurozone will drive volatility in their currencies and the euro.
US Presidential Election will begin to take increasing importance Hantec Markets
As we move into the final quarter of the year, traders will be looking for Q4 to be somewhat more interesting that a rather subdued Q3. With the problems at Deutsche Bank causing swings in sentiment, markets will begin to now look seriously at the increasing importance of the implications of potential outcomes of the US Presidential Election and how it will affect risk appetite.
Is a trend about to emerge for the dollar this week?Hantec Markets
With a tumultuous start to 2019 there is a lot to be concerned about for traders. However, is a trend about to emerge for the dollar? We look at the outlook for forex, commodities and equities this week.
Tax reform remains key with US CPI in focus this weekRichard Perry
The perception of progress in US tax reform remains a key driver of financial markets with CPI inflation in focus. Treasury yields are still a key factor in how the US dollar trades and for this tax reform plays a key role. We take a look at the outlook for forex, equities and commodities markets this week
Are the dollar bulls in control this week?Hantec Markets
Will the dollar strength continue and allow the dollar bulls to remain in control? Are equities set for gains all the way towards the inauguration of Donald Trump on 20th January? We look into the key factors that traders and investors need to consider for their positions this week. What is the outlook for major forex, equities, commodities and bond markets?
O documento encoraja alguém a continuar tentando um jogo, mesmo quando errar. Ele oferece elogios quando acertar e conselhos para não desistir quando errar.
Este documento describe diferentes tipos de hipertrofia cardíaca, incluyendo hipertrofia auricular y ventricular. Explica que la hipertrofia auricular puede identificarse mediante un aumento en el tamaño de la onda P en el electrocardiograma. También describe varios criterios para diagnosticar hipertrofia ventricular derecha e izquierda, como desviación del eje cardíaco, relación de las ondas R y S, y mediciones de las ondas en derivaciones específicas.
Este documento es una reflexión sobre la importancia de vivir de acuerdo a uno mismo y no a las expectativas de los demás. El autor habla sobre cómo solía preocuparse por la opinión de los demás pero luego aprendió a ser auténtico. También enfatiza conceptos como el amor, la simplicidad, la espontaneidad y la felicidad. El mensaje general es vivir con honestidad, aceptación y disfrute de la vida.
Este documento describe las características del bullying, incluyendo los tres actores principales (agresor, víctima y público), los diferentes tipos de bullying (directo, indirecto y ciberbullying), y consejos para prevenirlo y detenerlo. Generalmente involucra a un agresor que intimida repetidamente a una víctima mientras el público permanece indiferente o apoya al agresor.
El documento describe el movimiento vanguardista en la literatura latinoamericana en el siglo XX. Se caracterizó por romper con las formas tradicionales e incorporar nuevas técnicas experimentales como la destrucción de la sintaxis y métrica tradicional. Abordó temas como la soledad, el amor y la política. Algunos de sus principales exponentes fueron Pablo Neruda, Octavio Paz, César Vallejo y Vicente Huidobro. El movimiento surgió como reacción a la inseguridad e incertidumbre de
A matemática na primeira etapa do ensino fundamentalJaqueline Lira
Introdução ao ensino da Matemática na primeira etapa do Ensino Fundamental de acordo com a Base Curricular Comum para as Redes Públicas de Ensino de Pernambuco
Dokumen tersebut merupakan pengisytiharan perlindungan data peribadi oleh PUNB yang memberi kebenaran kepada PUNB untuk mengumpul dan menggunakan data peribadi pelanggan untuk tujuan pemasaran, penyelidikan, pemberitahuan produk dan pematuhan undang-undang. Pelanggan juga memberi kebenaran kepada PUNB untuk mendedahkan data peribadi kepada pihak ketiga tertentu.
Este documento avalia a estabilidade do ácido ascórbico e antocianinas no néctar de camu-camu armazenado sob diferentes condições de luz e temperatura. Os resultados mostraram que o ácido ascórbico teve boa estabilidade sob refrigeração, com perda de apenas 12-14% após 120 dias, enquanto a temperatura ambiente reduziu mais rapidamente as antocianinas. A exposição à luz teve pouco efeito nos compostos avaliados.
El correo electrónico es una comunicación entre Laura Andrea Galeano y Yerly Andrea Argote donde discuten sobre un proyecto que deben entregar para la universidad y coordinan una reunión para trabajar en él.
Este documento resume dos tipos de contrastes de hipótesis: 1) entre una variable cuantitativa (número de cafés a la semana) y una categórica binaria (sexo), encontrando que el cero está dentro del intervalo de confianza del 95% y no se descarta la hipótesis nula; 2) entre dos variables categóricas binarias (sexo y consumo de café), encontrando también que el cero está dentro del intervalo de confianza del 95% y un p-valor mayor que 0.05, no descartando la hipótesis nula.
Este documento resume varias profecías sobre el fin del mundo provenientes de diferentes culturas y religiones antiguas, así como de figuras históricas como Leonardo Da Vinci y Nostradamus. Algunas de las profecías discutidas incluyen la extinción humana predicha para el año 2012 según el calendario maya, la destrucción de Babilonia predicha en la Biblia que algunos relacionan con la guerra de Irak, y los secretos de Fátima que supuestamente predicen un cataclismo global. El documento también examina la autent
Still fixated on the Fed, markets look towards Jackson HoleHantec Markets
Janet Yellen's speech at the Jackson Hole economic symposium on Friday will be closely watched for any hints about upcoming monetary policy actions from the Federal Reserve. Markets currently expect no rate hikes in 2016 but remain data dependent. The author believes the markets may be too complacent and a rate hike in December is still possible. Overall sentiment will be influenced by Yellen's comments and upcoming economic data.
All eyes on the Fed to drive the dollar this weekRichard Perry
The Federal Reserve is widely expected to leave interest rates unchanged at its meeting on Wednesday. Treasury yields have fallen sharply following weak jobs data and comments from Janet Yellen suggesting a June rate hike is unlikely. The Fed's dot plot projections and Yellen's press conference will be closely watched for signals about the path of rates. Elsewhere, the Bank of Japan, Swiss National Bank, and Bank of England also announce monetary policy decisions this week. Brexit fears and inflation data will also influence currency and equity markets.
Watching for FOMC minutes and yield curves this week Hantec Markets
The recent plummet in bond yields has hit risk appetite. What are yield curves telling us about about the prospects of the US economy? We look at the key factors impacting across major forex, equities and commodities markets.
Payrolls legacy set to drive a stronger dollar this weekHantec Markets
Such huge volatility surrounding the dollar and the euro in recent days has meant it has been difficult to trade with any real conviction. With huge fundamental (Non-farm Payrolls), news driven (Greece negotiations) and market driven (bund yield volatility) moves, forex trading has lacked decisive direction. Could this change though this week? With Greece now bundling up its repayments to the IMF to the end of the month, traders can focus elsewhere, perhaps at least for a few days anyway.
The US Presidential election is growing ever nearer and the markets are becoming more considered. The markets will though be looking towards crucial economic growth data this week which will indicate how the UK is performing post Brexit and a first look at Q3 GDP in the US as traders price in a Fed hike in December.
The prospect of a rate hike by the Federal Reserve has been data dependent for months now and I do not see this as
changing. The FOMC tweaked its monetary policy statement to remove issues over “international developments” and
has explicitly mentioned that it will be considering raising interest rates at the next meeting (ie. 16th/17th December). The market always tends to over-react in these situations.
US inflation key to a potential dollar recovery this weekRichard Perry
The dollar has jumped in the wake of Friday's Non-farm Payrolls report. However what has really changed, and is this a move that can be sustained by the dollar? We look at what the key factors to watch out for this week and the outlook for forex, equities and commodities markets with a technical analysis of the major instruments.
UK and Eurozone inflation focus in a quiet week for US dataRichard Perry
Central bankers are increasingly focusing on persuading everyone that inflation is set to turn higher, however the data continues to tell a different story, at least in the US. With a lack of tier one US data this week attention will turn to UK and Eurozone inflation data to drive sentiment. We look at the outlook for forex, equities and commodities.
Trump and Jackson Hole will be key for forex markets this weekRichard Perry
The political risk from Donald Trump's increasingly chaotic presidency continue to concern financial traders. Resignations and rumours of resignations have been pulling markets around recently amid concern over the impact it has on President Trump's ability to substantially achieve anything in the White House. Markets will continue to focus on this but also look towards the Jackson Hole Economic Symposium this week. We consider the outlook for forex, equities and commodities.
US dollar under huge pressure but will it continue this week?Richard Perry
Aside from the incredible bull run higher seen on Wall Street, the key story for early 2018 has become the sharp weakness on the US dollar. This is impacting across financial markets as the Dollar Index has fallen to levels not seen since January 2015. But what is driving the move and what is the outlook on forex, equities and commodities markets? We take a fundamental and technical look under the bonnet.
Politics and major central banks are key this week Richard Perry
Politics and central bank is high on the agenda this week as markets continue to react to protectionist moves from Donald Trump, the Italian election over the weekend and look forward to four major central banks announcing their latest monetary policy decisions. We consider the outlook for forex, equities and commodities markets in the coming days.
Could the Fed drive a Santa Claus rally this week?Hantec Markets
It may be the final trading week of the year, but the key risks remain and volatility is elevated. The FOMC monetary policy will be the key risk factor for traders this week. We consider the impact on forex, equities and commodities.
Non-farm Payrolls, tariffs and geopolitics to impact this weekHantec Markets
The first week of the month is always dense with tier one data for the major markets to ponder, with PMIs and Non-farm Payrolls set to feature highly. However, add in the geopolitical tensions of trade tariffs and the migrant issue across the EU and there is a raft of factors set to impact. We consider the outlook for forex, equities and commodities markets this week.
The dollar and US Treasury yields remain key Hantec Markets
In the final week before Christmas, the US dollar may have started with a minor corrective move, however the medium to longer term outlook seems to be well set now for ongoing dollar strength, with US Treasury yields a significant driving force. We look at the key factors to consider for forex markets, equities and commodities ahead of the New Year.
Similar to Is it time for some profit-taking this week? (14)
What Lessons Can New Investors Learn from Newman Leech’s Success?Newman Leech
Newman Leech's success in the real estate industry is based on key lessons and principles, offering practical advice for new investors and serving as a blueprint for building a successful career.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...Alexander Belyaev
Calculation of compliance cost in the fishing industry of Russia after extended SCM model (Veterinary and sanitary control of aquatic biological resources (ABR) - Preparation of documents, passing expertise)
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
1. Weekly Outlook
Monday 21st November by Richard Perry, Market Analyst
Forex and CFDs are high risk leveraged products that can result in losses greater than your initial deposit and you should
therefore only speculate with money you can afford to lose. FX and CFD trading are not suitable for everyone. Please
ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such
transactions. You should first carefully consider your investment objectives, level of experience, and risk appetite and only
invest funds you are prepared to lose entirely. For our full risk warning, please go to the end of this report.
WHEN: Wed 23rd November at 1900GMT
LAST: n/a
FORECAST: N/A
Impact: After Janet Yellen’s testimony and the raft of
Fed speakers last week, it will be interesting to see the
leanings in the FOMC meeting minutes. The market is
now absolutely priced in for a December rate hike,
however attention will now turn to hints over the
prospective speed of the tightening and that will be the
focus of the analysis of the minutes. The problem is
that the FOMC meeting was prior to the surprise Trump
victory so this may reduce the impact, however the
dollar and Treasury yields now seems to be taking
direction from anything that has hawkish implications.
Key Economic Events
Date Time Country Indicator Consensus Last
Tue 22nd Nov 15:00 Eurozone Consumer Confidence -7.8 -8.0
Tue 22nd Nov 15:00 US Existing Home Sales 5.42m 5.47m
Wed 23rd Nov 09:00 Eurozone Flash Manufacturing PMIs 53.2 53.5
Wed 23rd Nov 13:30 US Durable Goods Orders (MoM ex transport) +0.2% +0.2%
Wed 23rd Nov 14:45 US Flash Manufacturing PMIs 53.4 53.2
Wed 23rd Nov 15:30 US EIA Crude Oil Inventories +5.3m
Wed 23rd Nov 19:00 US FOMC meeting minutes
Thu 24th Nov 09:00 Eurozone German Ifo Business Climate 110.6 110.5
Thu 24th Nov 23:30 Japan CPI (Oct) -0.4% -0.5%
Fri 25th Nov 14:45 US Flash Services PMI 54.8 54.8
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1N.B. Please note all times are BST (GMT+1), data source Reuters
Macro Commentary
A fundamental shift in market sentiment was brought about following the victory of Donald Trump in the US
Presidential Election. On the potential for growth and inflation driven by fiscal spending of perhaps $1 trillion (can
he really deliver on such huge levels of spending?) Treasury yields and the US dollar have soared. The dollar has
soared to its highest level since 2003 as the market has re-priced for a sharper set of rate hikes by the Federal
Reserve. Fed officials are talking about asset bubbles and even the historically dovish Janet Yellen is concerned
over the delay to rate hikes leading to the economy potentially overshooting. There is a significant re-pricing
underway and it could continue to the end of the year. There will inevitably be bumps along the road, nothing ever
goes in a straight line. The technical charts suggest that whilst momentum is strong for the dollar, it is stretched and
this could give rise to a near term technical correction this week. Looking away from the dollar though there are a
couple of big volatility events for the Eurozone on the horizon, with the Italian referendum (4th Dec) and the
December ECB meeting (8th Dec). Will Italy be the next location for the populist movement to strike? If so, would
markets begin to seriously question the stability of the Eurozone once more, ahead of further crucial elections in
The Netherlands, France and Germany in 2017. This could perpetuate recent euro underperformance.
Must Watch for: FOMC Meeting Minutes
US yield curve (versus Japanese Govt Bond yield curve)
Yield differentials continue to drive pairs like USD/JPY
2. Weekly Outlook
Monday 21st November by Richard Perry, Market Analyst
Foreign Exchange
When markets move towards extreme levels, the decision making process becomes difficult for traders. Do you
continue to chase the dollar higher or wait for the corrective move but risk losing out of further gains? This is the
question that many traders will be asking themselves this week when considering how to play the huge runs on
EUR/USD and USD/JPY. Of the two, in the near term, I feel that Dollar/Yen has more room to run towards the
band of resistance 111.45/111.90, rather than EUR/USD having room to fall back to $1.0456/$1.0538. If the
Bank of Japan sticks with its unlimited bond purchases, at a time in which the US yield curve continues to
steepen, then the interest rate differentials will continue to drive USD/JPY higher. However, as yet there has
been no specific signal from the ECB that it is looking to extend the QE program. Perhaps we will have to wait
for the ECB meeting on 8th December. Perhaps there will be more room though in sterling shorts in the wake of
Friday’s sell-off. Sterling has been relatively well insulated from the dollar strength since Trump’s victory.
Sterling is basically flat against the dollar, whilst the euro has lost over 3% and the yen is almost 5% weaker.
Perhaps traders have looked at the near term downside potential and seen that sterling is ripe for the picking.
Technically, Cable confirming below $1.2330 is a key near term breakdown.
WATCH FOR: The lack of key economic data this week could mean lower volatility across the majors
however the dollar traders will be looking at the Fed minutes and Treasury yield moves.
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2
FX Outlook
USD/JPY
Watch for: The market remains bullish but is
increasingly stretched
Outlook: Do you continue to chase Dollar/Yen
higher? The breakout above 107.50 completed a
long term base pattern that implies 750 pips of
recovery to 115 in the coming months. However
there has not yet been a pullback correction of
the original breakout. Whilst not always being
seen in their entirety, it is extremely rare to have
a one way move towards a target. The RSI is
extended around 80 and whilst there could be a
test of the next resistance band 111.45/111.90,
the probability is that a near term corrective
move is increasingly likely now. There is support
now between 107.50/108.50 which would be a
far more comfortable buy zone for
medium/longer term long positions.
EUR/USD
Watch for: The prospect of a near term
technical rally this week is high
Outlook: Posting 10 consecutive sessions in
negative territory is a record run for the euro.
However momentum is increasingly oversold
and the prospect of a near term technical rally is
growing. The long term outlook is extremely
bearish for a test of the key 2015 lows at
$1.0538 and then $1.0456, however a snap-
back rally is a very real possibility now. There is
though significant overhead supply starting at
$1.0710 with $1.0800 and $1.0850 also key
areas of resistance. I a expecting a near term
rally into this band of resistance which would
then help to renew downside potential. I think
that chasing the euro lower and selling down
here on a medium/longer term basis is risky.
3. Weekly Outlook
Monday 21st November by Richard Perry, Market Analyst
Equity Markets
The flight out of global bond markets should have been finding a home in the equity markets. However,
although there has been an appreciable improvement in the outlook on equity markets, they still seem to have
the shackles on and remain stuck in their ranges that have been in place for the past few months. The S&P 500
is the market best placed to breakout of its range to the upside above 2193, in a move that would follow the
Dow Jones Industrial Average to all time highs. This breakout is now close but would still probably need
Treasury yields to continue strongly higher, which may still find some initial profit-taking. However, will
European markets be able to follow suit? The DAX has rallied on several occasions towards 10,800 however
seems to flounder every time it closes in on the key resistance, with profit-takers happy to maintain the range.
Once again, it seems as though it requires a continued steepening of global bond yield curves to help drive this
risk-on breakout. However, it is the FTSE 100 (which is very much a global index with over 70% of revenues
generated overseas) which has me concerned for the longevity of equity gains. The FTSE 100 has been
dragged down by recent weakness on oil price, and outperformance of sterling. The FTSE 100 is very much at
risk of forming a four month top pattern (completes below support at 6612). For this support to hold up it would
need sterling underperform to resume (initial signs of this on Friday need to continue), in addition to support for
the oil price once more. The UK Chancellor’s Autumn Statement this week could contain some incentives.
WATCH FOR: The movement on US Treasury yields will still be key however Fed minutes will also be of
interest. UK equities will likely react to the Autumn Statement on Wednesday.
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3
DAX Xetra
Watch for: A break of the near term range will
drive the medium term outlook
Outlook: Time and time again in the past four
months, attempts to breakout above 10,800
have been rebuffed and this is a major concern.
The RSI fails at 60 and the Stochastics roll over.
This is exactly what seems to be happening
again. A near term breach of 10,575 would imply
225 ticks of downside and back towards the
middle of the 10,175/10,827 range, with a
consistent pivot around 10,450 to be the likely
retreat destination. However, the longer this
range 10,580/10,800 continues, the potential for
a breakout will grow. The bulls would target
11,420 on a breakout but the technicals point
towards a continuation of the range.
FTSE 100
Watch for: A huge top pattern completed on a
break below the support band 6612/6676
Outlook: The underperformance of the FTSE
100 is a real concern for the bulls and the
gradual building of what could now be a four
month top pattern could be completed if the
selling pressure ramps up again this week. The
key reaction low from July at 6612 is the big
support that needs to hold. The longer term
deterioration in the momentum indicators
suggests that the pressure is mounting, with the
MACD lines negatively configured and the RSI
struggling below 50. Losing support at 6710 this
week would be an early warning sign. The
overhead supply around 6955 is prohibitive to
rallies.
Index Outlook
4. Weekly Outlook
Monday 21st November by Richard Perry, Market Analyst
Other Assets: Commodities & Bonds
Renewed strength in Treasury yields and the US dollar have hit commodities. With the dollar surging higher the
instruments priced in dollars will suffer. In addition to the risk-off outlook, the precious metals are under
pressure, with gold and silver closing in on key supports. The biggest concern is the May 2016 low at $1200 on
gold, which would be a crucial outlook changing support. The gold price is coming under pressure from any
hawkish hints from the Fed that are pushing real interest rates positive again (i.e. bad for gold). Oil has also
under pressure from the stronger dollar, however there will increasingly be a different focus for oil traders as we
approach the OPEC meeting on 30th November. This will mean that the price will be increasingly susceptible to
newsflow from OPEC members over the potential to implement the previous agreement on production cuts.
The yield curve control that the Bank of Japan is engaging means that as of last Thursday the bank is offering
to buy unlimited bonds. This could mean that the JGB curve remains fairly sticky and if US yields continue to
rise there will be more room for the yield differentials to drive gains on Dollar/Yen. The bond buying program of
the ECB will also now come under scrutiny with Mario Draghi insisting that an accommodative monetary policy
remains appropriate. Expectation will grow for the ECB to announce an extension of its bond buying program in
the December ECB meeting.
WATCH FOR: Volatility to continue to drive market sentiment, with FOMC minutes eyed for Treasuries
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4
Gold
Watch for: The importance of the support at
$1200 is crucial this week
Outlook: Since the fall below the key support at
$1300 the longer term bulls have relinquished
control of the outlook. However the recent
weakness now means that the support from the
May 2016 low at $1200 is coming under scrutiny.
This level of support is absolutely crucial to now
prevent the outlook turning longer turn negative
again. It would be confirmation that the bears are
in control and that further downside towards
$1130/$1140 could be the minimum expected.
The bearish configuration to the momentum
indicators suggests that rallies will also be sold
into. The resistance at $1241 is increasingly key.
Markets Outlook
Brent Crude oil
Watch for: $45/$46 could become a medium to
longer term pivot band in a trading range
Outlook: Now the primary recovery uptrend has
been broken the concern will be that rallies are
just seen as a chance to sell. The previous
breakdown below $45.10 support will also be an
issue and could still have a legacy as the market
is trading below all the moving averages. The
resistance of last week’s reaction high at $47.60
needs to be breached on a consistent basis to
improve the outlook. It could though now be that
oil is forming more of a sideways trading range
pattern between $41.50/$53.70 and that old key
levels $45/$46 are becoming a longer term pivot
area. This would be consistent with the
increasingly neutral moving averages and
momentum configuration.
5. Weekly Outlook
Monday 21st November by Richard Perry, Market Analyst
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5
Risk Warning for Financial Promotions
This report is issued by Hantec Markets Limited, who is authorised and regulated by the Financial Conduct Authority
(FCA) in the UK, No. 502635. The report is prepared and distributed for information purposes only.
Trading in Foreign Exchange (FX), Bullion and Contracts for Differences (CFDs) is not be suitable for all investors due to
the high risk nature of these products. Forex, Bullion and CFDs are leveraged products that can result in losses greater
than your initial deposit. The value of an FX, Bullion or CFD position may be affected by a variety of factors, including but
not limited to, price volatility, market volume, foreign exchange rates and liquidity. You may lose your entire initial stake
and you may be required to make additional payments. Please ensure you fully understand the risks involved, seeking
independent advice if necessary prior to entering into such transactions. Before deciding to enter into FX, Bullion and/or
CFD trading, you should carefully consider your investment objectives, level of experience, and risk appetite. You should
only invest in FX, Bullion and/or CFD trading with funds you are prepared to lose entirely. Therefore, only your excess
funds should be placed at risk and anyone who does not have such excess funds should completely refrain from engaging
in FX and/or CFD trading. Do not rely on past performance figures. If you are in any doubt, please seek further
independent advice.
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circumstances or objectives of the clients who receive it. All information and research produced by Hantec Markets is
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and exclusively of the author, and accurately reflect his personal views about any and all of the subject instruments and
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