CFD Markets News and Forecasts — 08-05-2018

Major US stock indices closed around zero on Tuesday, weighed down by shares in the technology sector and utilities.

Investors also expected the US president's decision on the Iranian issue. As a result, Trump announced the withdrawal from the nuclear deal with Iran Trump said that the nuclear agreement with Iran was "defective in nature," and added that the agreement "did not keep Iran's nuclear ambitions". "The US will introduce" economic sanctions against Iran at the highest level, "Trump said," If we do not withdraw from the nuclear deal with Iran, then the nuclear arms race will begin in the Middle East. "

A certain impact on the course of the auction was provided by the Job Vacancy and Labor Flow Survey (JOLTS) from the US Bureau of Labor Statistics. It reported that in March the number of vacancies increased to 6.550 million, updating a record high. Meanwhile, the indicator for February was revised upwards to 6.078 million from 6.052 million. Analysts had expected that the number of vacancies would increase only to 6,101 million. The vacancy rate was 4.2%, up by 0.3% compared to February.

Most of the components of DOW finished trading in the red (17 out of 30). Leader of the growth were shares of JPMorgan Chase & Co. (JPM, + 1.45%). Outsider were the shares of Verizon Communications Inc. (WMT, -1.61%).

Most S & P sectors recorded a decline. The utilities sector showed the greatest decrease (-2.1%). The industrial goods sector grew most (+ 0.6%).

At closing:

Index

Dow 24,360.21 +2.89 +0.01%

S&P 500 2,671.92 -0.71 -0.03%

Nasdaq 100 7,266.90 +1.69 +0.02%

U.S. stock-index futures fell on Tuesday, as investors remained cautious ahead of the U.S. president Donald Trump's decision on the Iran nuclear deal.

Global Stocks:

The trend in housing starts was 225,696 units in April 2018, compared to 226,942 units in March 2018, according to Canada Mortgage and Housing Corporation (CMHC).

"In April, the national trend in housing starts remained stable at historically elevated levels, with lower starts of single-detached dwellings offsetting higher starts of multi-unit dwellings," said Bob Dugan, CMHC's Chief Economist. "Notably, the national inventory of newly completed and unabsorbed multi-unit dwellings has been stable over the same period, indicating that demand for this type of unit has absorbed increased supply."

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

Prices in the last three months to April were 2.2% higher than in the same three months a year earlier, down from the 2.7% annual growth recorded in March.

House prices in the latest quarter (February-April) were 0.1% lower than in the preceding three months (November-January), the third consecutive decline on this measure.

On a monthly basis, prices fell by 3.1% in April, following a 1.6% rise in March, reflecting the volatility in the short term monthly measure.

Russell Galley, Managing Director, Halifax, said: "We've seen annual house price growth ease from 2.7% in March to 2.2% in April. House prices in the three months to April were 0.1% lower than the previous three months. Both the quarterly and annual rates have fallen since reaching a recent peak last autumn, with these measures providing a more stable indication of the underlying trend than the monthly change.

According to the State Secretariat for Economic Affairs (SECO), at the end of April 2018, 119,781 unemployed were registered at the Regional Employment Centers (RAV), 10,632 less than in the previous month. The unemployment rate fell from 2.9% in March 2018 to 2.7% in the month under review. Compared with the same month of the previous year, unemployment fell by 26'546 persons (-18.1%). Youth unemployment in April 2018 Youth unemployment (15-24 year-olds) decreased by 1'635 (-12.1%) to 11'916.

EUR/USD

Resistance levels (open interest**, contracts)

$1.2107 (1897)

$1.2077 (2343)

$1.2030 (508)

Price at time of writing this review: $1.1928

Support levels (open interest**, contracts):

$1.1882 (4094)

$1.1857 (2923)

$1.1828 (3755)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date June, 8 is 135666 contracts (according to data from May, 7) with the maximum number of contracts with strike price $1,1500 (7110);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3777 (2117)

$1.3719 (1060)

$1.3674 (737)

Price at time of writing this review: $1.3579

Support levels (open interest**, contracts):

$1.3508 (1420)

$1.3466 (625)

$1.3410 (2254)

Comments:

- Overall open interest on the CALL options with the expiration date June, 8 is 35999 contracts, with the maximum number of contracts with strike price $1,3700 (2117);

- Overall open interest on the PUT options with the expiration date June, 8 is 38469 contracts, with the maximum number of contracts with strike price $1,3500 (2254);

- The ratio of PUT/CALL was 1.07 versus 1.06 from the previous trading day according to data from May, 7.

* - 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.

Germany exported goods to the value of 116.1 billion euros and imported goods to the value of 90.9 billion euros in March 2018. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports declined by 1.8% and imports by 2.3% in March 2018 year on year. After calendar and seasonal adjustment, exports were up 1.7% compared with February 2018, while imports were down 0.9%.

The foreign trade balance showed a surplus of 25.2 billion euros in March 2018. In March 2017, the surplus amounted to +25.1 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 22.0 billion euros in March 2018.

In March 2018, production in industry was up by 1.0% from the previous month on a price, seasonally and calendar adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In February 2018, the corrected figure shows an decrease of 1.7% (primary -1.6%) from January 2018

In March 2018, production in industry excluding energy and construction was up by 1.1%. Within industry, the production of capital goods increased by 2.6% and the production of consumer goods by 1.1%. The production of intermediate goods showed a decrease by 0.6%. Energy production was up by 1.4% in March 2018 and the production in construction increased by 0.6%