CFD Markets News and Forecasts — 02-08-2018

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02.08.2018
23:01
Commodities. Daily history for August 02’ 2018:


Raw materials

Closing price

% change

Oil

69.00

+1.98%

Gold

1,216.50

-0.90%

23:00
Stocks. Daily history for August 02’ 2018:


Index

Change items

Closing price

% change

Nikkei

-234.17

22512.53

-1.03%

TOPIX

-17.67

1752.09

-1.00%

CSI 300

-76.43

3370.96

-2.22%

KOSPI

-36.87

2270.20

-1.60%

FTSE 100

-76.98

7575.93

-1.01%

DAX

-190.72

12546.33

-1.50%

CAC 40

-37.39

5460.98

-0.68%

DJIA

-7.66

25326.16

-0.03%

S&P 500

+13.86

2827.22

+0.49%

NASDAQ

+95.40

7802.68

+1.24%

22:59
Currencies. Daily history for August 02’ 2018:


Pare

Closed

% change

EUR/USD

$1,1586

-0,64%

GBP/USD

$1,3017

-0,82%

USD/CHF

Chf0,99541

+0,35%

USD/JPY

Y111,63

-0,04%

EUR/JPY

Y129,34

-0,68%

GBP/JPY

Y145,325

-0,86%

AUD/USD

$0,7364

-0,55%

NZD/USD

$0,6742

-0,75%

USD/CAD

C$1,30215

+0,16%

22:30
Australia: AIG Services Index, July 53.6
22:00
Schedule for today, Friday, August 03’2018



Time

Country


Index


Period

Previous value

Forecast

01:30

Australia

Retail Sales, M/M

June

0.4%

0.3%

01:45

China

Markit/Caixin Services PMI

July

53.9

54.0

07:15

Switzerland

Consumer Price Index (MoM)

July

0%

-0.3%

07:15

Switzerland

Consumer Price Index (YoY)

July

1.1%

1.2%

07:50

France

Services PMI (Finally)

July

55.9

55.3

07:55

Germany

Services PMI (Finally)

July

54.5

54.5

08:00

Eurozone

Services PMI (Finally)

July

55.2

54.4

08:30

United Kingdom

Purchasing Manager Index Services

July

55.1

54.7

09:00

Eurozone

Retail Sales (MoM)

June

0%

0.4%

09:00

Eurozone

Retail Sales (YoY)

June

1.4%

1.4%

12:30

Canada

Trade balance, billions

June

-2.77

-2.3

12:30

U.S.

Government Payrolls

July

11


12:30

U.S.

Manufacturing Payrolls

July

36

22

12:30

U.S.

Average workweek

July

34.5

34.5

12:30

U.S.

Private Nonfarm Payrolls

July

202

189

12:30

U.S.

Labor Force Participation Rate

July

62.9%


12:30

U.S.

Average hourly earnings

July

0.2%

0.3%

12:30

U.S.

International Trade, bln

June

-43.1

-46.5

12:30

U.S.

Unemployment Rate

July

4%

3.9%

12:30

U.S.

Nonfarm Payrolls

July

213

190

13:45

U.S.

Services PMI (Finally)

July

56.5

56.2

14:00

U.S.

ISM Non-Manufacturing

July

59.1

58.6

17:00

U.S.

Baker Hughes Oil Rig Count

August

861

20:19
The main US stock indexes mostly rose on the basis of trading results

The main US stock indexes ended the session mostly in positive territory, as a significant rise in the price of Apple shares gave an impetus to the technology sector, and helped to compensate for the negative effect of the escalating trade tension between the US and China.

A certain influence on the dynamics of trading was also provided by the US data. As it became known, new orders for goods produced in the US grew during the second month in a row in June, but the plans for business expenses for equipment were not as strong as originally thought, which suggests a probable further slowdown in the third quarter. Orders for factory goods increased by 0.7%, which was supported by a high demand for transport equipment, electrical equipment, household appliances and components, as well as computers and electronic products. In May, production orders increased by 0.4%.

However, the index of business activity in New York improved significantly last month, and exceeded the average forecasts of experts. This is evidenced by a report published by the Institute of Supply Management (ISM) in New York. According to the data provided, the index, which assesses economic conditions in the manufacturing and services sectors for companies registered in New York, increased in July to 75.0 points from 55.0 points in June. It was predicted that the index will grow only to 59.4 points. The index, reflecting economic conditions in 6 months, fell to 77.8 points from 78.1 points in June.

Most of the components of DOW finished trading in the red (17 out of 30). Outsider shares were DowDuPont Inc. (DWDP, -2.28%). The leader of growth was the shares of Apple Inc. (AAPL, + 3.03%).

Most sectors of the S & P recorded a rise. The consumer goods sector grew most (+ 1.1%). The largest decrease was in the base resources sector (-0.7%).

At closing:

Index

Dow 25,326.16 -7.66 -0.03%

S&P 500 2,827.22 +13.86 +0.49%

Nasdaq 100 7,802.68 +95.40 +1.24%

19:00
DJIA -0.05% 25,320.27 -13.55 Nasdaq +1.15% 7,796.22 +88.94 S&P +0.45% 2,825.94 +12.58
14:06
U.S factory orders rose 0.7% in June, as expected

New orders for manufactured durable goods in June increased $2.5 billion or 1.0 percent to $251.9 billion, the U.S. Census Bureau announced today. This increase, up following two consecutive monthly decreases, followed a 0.3 percent May decrease. Excluding transportation, new orders increased 0.4 percent. Excluding defense, new orders increased 1.5 percent. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $1.9 billion or 2.2 percent to $87.7 billion.

Shipments of manufactured durable goods in June, up ten of the last eleven months, increased $4.1 billion or 1.7 percent to $251.6 billion. This followed a 0.2 percent May increase. Transportation equipment, up following two consecutive monthly decreases, led the increase, $3.1 billion or 3.8 percent to $85.3 billion

14:00
U.S.: Factory Orders , June 0.7% (forecast 0.7%)
13:34
U.S. Stocks open: Dow -0.72%, Nasdaq -0.57%, S&P -0.59%
13:21
Before the bell: S&P futures -0.49%, NASDAQ futures -0.69%

U.S. stock-index futures fell on Thursday, amid escalating trade tensions between the U.S. and China. The U.S. president Trump Trump's administration confirmed intention to raise tariffs on $200 billion in Chinese imports to 25 percent from initially proposed 10 percent. According to the U.S. Trade Representative Robert Lighthizer, Trump decided to increase the duty as China refused to meet the U.S. demands and imposed retaliatory tariffs on the U.S. goods.


Global Stocks:

Index/commodity

Last

Today's Change, points

Today's Change, %

Nikkei

22,512.53

-234.17

-1.03%

Hang Seng

27,714.56

-626.18

-2.21%

Shanghai

2,767.23

-57.30

-2.03%

S&P/ASX

6,240.90

-34.80

-0.55%

FTSE

7,578.54

-74.37

-0.97%

CAC

5,462.30

-36.07

-0.66%

DAX

12,536.87

-200.18

-1.57%

Crude

$67.25


-0.61%

Gold

$1,225.50


-0.17%

12:51
Wall Street. Stocks before the bell

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


3M Co

MMM

205.49

-1.56(-0.75%)

1484

ALCOA INC.

AA

41.5

-0.54(-1.28%)

30469

AMERICAN INTERNATIONAL GROUP

AIG

54.8

-0.19(-0.35%)

100

Boeing Co

BA

349.89

-2.87(-0.81%)

11222

Exxon Mobil Corp

XOM

80.05

-0.34(-0.42%)

13111

Facebook, Inc.

FB

170.94

-0.71(-0.41%)

202135

Freeport-McMoRan Copper & Gold Inc., NYSE

FCX

15.35

-0.23(-1.48%)

46397

General Electric Co

GE

13.2

-0.04(-0.30%)

161229

Goldman Sachs

GS

234.01

-2.03(-0.86%)

1944

JPMorgan Chase and Co

JPM

114.86

-0.80(-0.69%)

23086

Merck & Co Inc

MRK

65.38

-0.11(-0.17%)

1088

Pfizer Inc

PFE

39.73

-0.20(-0.50%)

31371

Procter & Gamble Co

PG

80.48

-0.17(-0.21%)

5177

Starbucks Corporation, NASDAQ

SBUX

52.45

0.52(1.00%)

36927

Tesla Motors, Inc., NASDAQ

TSLA

330.97

30.13(10.02%)

558307

The Coca-Cola Co

KO

46.19

-0.20(-0.43%)

4134

Twitter, Inc., NYSE

TWTR

31.75

-0.16(-0.50%)

87761

Visa

V

137.52

-0.73(-0.53%)

6391

12:47
BOE Carney: Range Of Potential Brexit Outcomes Is "Wide"
  • Says above-target inflation reflects past sterling depreciation and higher energy prices

12:46
Analyst coverage initiations before the market open

Nike (NKE) initiated with Overweight at Morgan Stanley

12:45
Upgrades before the market open

Tesla (TSLA) upgraded to Outperform from Perform at Oppenheimer

Freeport-McMoRan (FCX) upgraded to Neutral from Underperform at BofA/Merrill

12:43
BOE Carney: Some Brexit Outcomes Would Warrant A Cut In Key Rate
12:43
U.S initial jobless claims lower than expected last week

In the week ending July 28, the advance figure for seasonally adjusted initial claims was 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. The 4-week moving average was 214,500, a decrease of 3,500 from the previous week's unrevised average of 218,000.

12:29
U.S.: Initial Jobless Claims, July 218 (forecast 220)
12:29
U.S.: Continuing Jobless Claims, July 1724 (forecast 1750)
12:00
Company News: DowDuPont (DWDP) Q2 results beat analysts’ expectations

DowDuPont (DWDP) reported Q2 FY 2018 earnings of $1.37 per share, beating analysts' consensus estimate of $1.29.

The company's quarterly revenues amounted to $24.245 bln, beating analysts' consensus estimate of $23.709 bln.

The company also issued upside guidance for Q3, projecting Q3 revenues of more than $20.1 bln versus analysts' consensus estimate of $19.49 bln.

DWDP fell to $67.50 (-0.68%) in pre-market trading.

11:15
BOE Sees UK Economy Growing By 1.5% in 2018, 1.8% In 2019
11:14
Company News: Tesla (TSLA) posts mixed Q2 results

Tesla (TSLA) reported Q2 FY 2018 losses of $3.06 per share (versus -$1.33 in Q2 FY 2017), worse than analysts' consensus estimate of -$2.82.

The company's quarterly revenues amounted to $4.002 bln (+43.5% y/y), beating analysts' consensus estimate of $3.935 bln.

The company also reaffirmed it still expects to achieve GAAP profitability and positive free cash flow in Q3 and Q4.

TSLA rose to $324.19 (+7.76%) in pre-market trading.

11:13
Bank of England Sees Equilibrium, Real Rate Of Interest Known As Between 0% And 1%
11:13
BOE Forecasts Assume One Further Rate Hike By 2020
  • BOE Sees Inflation Returning To 2% Target In 2020

  • "Very Limited" Spare Capacity, And "Excess Demand" In 2019

  • Outlook Could Be "Siginificantly" Affected By Brexit Expectations

  • "Tentative" Signs That Protectionist Policies Are Weakening Global Growth

11:11
Bank Of England Raises Interest Rate To 0.75% From 0.5%, Sees Further Rate Rises Over Coming Years If Economy Grows As Expected

  • MPC Voted 9-0 to Raise Bank Rate to 0.75%

  • Rate Rise Is Second In A Decade, Follows November Move

  • Slowdown In Economic Growth During 1Q Was Temporary

  • BOE Raises UK Economic Growth Forecasts For 2018, 2019

11:00
United Kingdom: Asset Purchase Facility, 435 (forecast 435)
11:00
United Kingdom: BoE Interest Rate Decision, 0.75% (forecast 0.75%)
09:05
In June 2018, compared with May 2018, industrial producer prices rose by 0.4% in both the euro area (EA19) and the EU28

In June 2018, compared with May 2018, industrial producer prices rose by 0.4% in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In May 2018, prices increased by 0.8% in the euro area and by 1.1% in EU28. In June 2018, compared with June 2017, industrial producer prices rose by 3.6% in the euro area and by 4.4% in the EU28.

In the EU28, the 0.4% increase is due to rises of 1.2% in the energy sector, of 0.4% for intermediate goods and of 0.1% for capital goods, durable and non-durable consumer goods. Prices in total industry excluding energy rose by 0.2%. The highest increases in industrial producer prices were observed in Denmark (+2.6%), Estonia (+2.1%), Hungary (+1.6%) and Latvia (+1.5%), while decreases were observed in Luxembourg (-0.9%), Greece (-0.6%) and Croatia (-0.1%).

09:00
Eurozone: Producer Price Index, MoM , June 0.4% (forecast 0.3%)
09:00
Eurozone: Producer Price Index (YoY), June 3.6% (forecast 3.5%)
08:37
UK construction PMI higher than expected in July

At 55.8 in July, up sharply from 53.1 in the previous month, the seasonally adjusted IHS Markit/CIPS UK Construction Purchasing Managers' Index signalled the fastest rise in overall construction output since May 2017. Survey respondents commented on improving demand conditions, higher volumes of new project starts and, in some cases, a degree of catch-up from the bad weather earlier in 2018.

08:30
United Kingdom: PMI Construction, July 55.8 (forecast 52.8)
07:42
Trump considers hiking proposed tariffs on $200 billion in Chinese goods to 25% - CNBC
07:41
FTSE -35.97 FTSE -0.47% DAX -150.69 12586.36 -1.18% CAC -24.66 5473.71 -0.45%
07:30
Switzerland: Manufacturing PMI, July 61.9 (forecast 60.7)
07:17
Swiss retail sales rose 0.3% on year

Turnover in the retail sector rose by 1.1% in nominal terms in June 2018 compared with the previous year. Seasonally adjusted, nominal turnover rose by 0.6% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).

Real turnover in the retail sector also adjusted for sales days and holidays rose by 0.3% in June 2018 compared with the previous year. Real growth takes inflation into consideration. Compared with the previous month, real, seasonally adjusted retail trade turnover registered an increase of 0.5%.

07:16
Switzerland: Retail Sales (MoM), June 0.6%
07:15
Spanish unemployment higher than expected in July

The number of registered unemployed in the offices of the Public Employment Services has decreased in July by 27,141 people in relation to the previous month. In seasonally adjusted terms, unemployment has fallen by 12,183 people. With regard to July 2017, unemployment has been reduced by 200,903 people, which puts its year-on-year reduction level at 6.02%. Thus, the total number of unemployed registered is 3,135,021, the lowest since December 2008. This means that since highs recorded in February 2013 (5,040,222), unemployment has been reduced by 1,905,201 people.

07:15
Switzerland: Retail Sales Y/Y, June 0.3% (forecast 0%)
07:00
Australian trade balance recorded a surplus of $1,428m in June 2018, an increase of $186m on the surplus in May

In trend terms, the balance on goods and services was a surplus of $1,428m in June 2018, an increase of $186m on the surplus in May 2018.

In seasonally adjusted terms, the balance on goods and services was a surplus of $1,873m in June 2018, an increase of $1,148m on the surplus in May 2018.

The sum of seasonally adjusted balances for the three months to June 2018 was a surplus of $3,192m, a decrease of $165m on the surplus of $3,357m for the three months to March 2018. However, if seasonal factors used in compiling the quarterly balance of payments are applied, the preliminary June quarter 2018 surplus was $2,860m, a decrease of $490m on the March quarter 2018 surplus of $3,350m.

06:56
Options levels on thursday, August 2, 2018 EURUSD GBPUSD

EUR/USD

Resistance levels (open interest**, contracts)

$1.1758 (4589)

$1.1726 (2897)

$1.1705 (792)

Price at time of writing this review: $1.1634

Support levels (open interest**, contracts):

$1.1598 (3897)

$1.1549 (2738)

$1.1500 (3675)


Comments:

- Overall open interest on the CALL options and PUT options with the expiration date August, 13 is 90800 contracts (according to data from August, 1) with the maximum number of contracts with strike price $1,1850 (5326);


GBP/USD

Resistance levels (open interest**, contracts)

$1.3216 (1414)

$1.3187 (829)

$1.3156 (286)

Price at time of writing this review: $1.3086

Support levels (open interest**, contracts):

$1.3043 (2313)

$1.2997 (1577)

$1.2949 (2296)


Comments:

- Overall open interest on the CALL options with the expiration date August, 13 is 24872 contracts, with the maximum number of contracts with strike price $1,3600 (3205);

- Overall open interest on the PUT options with the expiration date August, 13 is 29730 contracts, with the maximum number of contracts with strike price $1,3100 (2486);

- The ratio of PUT/CALL was 1.20 versus 1.18 from the previous trading day according to data from August, 1.

* - 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.

06:55
BoJ's Amamiya: Our New Forward Guidance On Rates Is Not Calendar Based, No Set Timing In Mind On How Long Rates Will Stay Low @LiveSquawk
06:54
FOMC: Voted 8-0 For Fed Funds Rate Action

  • Job Gains Strong, Unemployment Low In Recent Months

  • Household Spending, Business Investment Have Grown Strongly

  • Fed says the labor market was strong in multiple instances in its most recent statement

06:46
Consumer sentiment in Switzerland has almost dropped back to its long-term average - SECO

Consumer sentiment in Switzerland has almost dropped back to its long-term average. While consumers still expect a positive economic development, they are less optimistic than in recent quarters. Consumers' expectations regarding their own budget also remain subdued, while they adjusted their assessment of inflation upwards. Correspondingly, the likelihood of consumers making major purchases remains low.

Having suffered a marked decline, the consumer sentiment index from July 2018 stands at -7 points and is now close to its long-term average (-9 points). Consumers had seemed far more optimistic in the previous four quarters.

06:45
Futures: Eurostoxx -0,8% DAX -0,6% FTSE -0,4% CAC 40 -0,8%
06:43
Federal Reserve Keeps Fed Funds Range Unchanged at 1.75% to 2.00%

  • Fed Statement Changes Assessment of Economic Activity To 'Strong' From 'Solid'

  • Monetary Policy Remains Accommodative

  • Risks To Economic Outlook Appear Roughly Balanced

  • Long-Term Inflation Expectations Remain Little Changed

05:45
Switzerland: SECO Consumer Climate, Quarter III -7 (forecast 2)
01:30
Australia: Trade Balance , June 1.873 (forecast 0.9)

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