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Date : 29th November 2017. MACRO EVENTS & NEWS OF 29th November 2017. FX News Today European Outlook: Asian markets seem to have shrugged off North Korea’s missile launch and turned their focus to the progress of Trump’s tax cut plans, with a weaker yen, helping the Nikkei to rise 0.49%. the ASX is also up Hang Seng and CSI 300 are underperforming and struggling to hang on to marginal gains, and the MSCI Asia Pacific index gained for the first time in three days. China’s 10-year yield remained above 4% as the PBOC once again refrained from adding net liquidity. U.K. stock futures are down, despite reported that negotiators reached an outline deal on the Brexit “divorce bill”, which would lead the Irish border issue as the only obstacle to early trade and transition talks. Today’s calendar has Eurozone ESI economic confidence, preliminary inflation data out of Spain and Germany, U.K. money supply and credit growth as well as French GDP and consumer spending. Negotiators reached outline deal on Brexit “divorce bill”,according to Bloomberg reports.Cable surged nearly 100 points to 1.3325 following Bloomberg headlines (citing The Telegraph) saying that the U.K. and EU have agreed on divorce terms. EU leaders will still have the final say whether the offer is high enough to unblock talks on transition and trade agreements. There also remains the difficult and sensitive issue of the Irish border, but Irish Foreign Minister Coveney said U.K. and EU teams are discussing possible wordings for a commitment on the border issue, that would allow trade talks to move ahead. Ireland can still block the move at the December summit where heads of states will to sign off any possible deal. Main Macro Events Today EMU ESI confidence – Expectations – 114.6 up from 114.0 in October US Prelim GDP – Expectations – upward revision to a 3.2% rate of growth, versus the initial 3.0% print. BOE Governor Carney Speaks at 14:00 GMT and BOE Ramsden speaks at 14:45 GMT Fed Chair Yellen Testifies at 15:00 GMT Charts of the Day Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 28th November 2017. MACRO EVENTS & NEWS OF 28th November 2017. FX News Today European Outlook:Asian stock markets headed south again, as declines and energy and mining stocks led shares lower amid a further drop in metal prices. Concern China’s regulators may limit the flow of funds into Hong Kong’s stock markets adding to pressure. The China Securities Regulatory Commission is suspending approval of mutual funds that plan to allocate more than 80% in Hong Kong listed shares, according to media reports. The Hang Seng declined -0.65%, the CSP 300 was down -0.22%, against minimal losses in Nikkei and ASX 200. U.S. and U.K. stock futures are also heading south, as the U.S. tax debate gets underway. Oil prices are down and the front end WTI future is trading at USD 57.75. Today’s local calendar remains relatively quiet, but includes Eurozone M3 money supply, Canadian RMPI, US Housing Index, trade, consumer confidence, RBNZ Stability Report and lot of Fedspeeches. German import price inflation fell back to 2.6% y/y in October, from 3.0% y/y in the pervious month. Like the deceleration in HICP inflation that month the drop was largely driven by lower energy prices and excluding energy the annual rate actually rose to 2.2% y/y from 2.1% y/y. So a confirmation that energy prices continue to play a dominant role in headline developments, but also that underlying inflation pressures are slowly picking up again even on the import price front. U.S. reports: revealed a surprising 6.2% October new home sales climb to a hurricane-boosted 685k rate that marked a 10-year high, following a trimming in September’s prior cycle-high to 645k from 667k. Home sales rose 1% in the south despite huge prior gains, though we saw larger 6%-30% October gains in the other three regions. A preponderance of upside surprises in the construction and factory-sensitive reports through early-2018 given disaster-related rebuilding activity, are still widely expected. The Dallas Fed index bucked this boost however, as well as a likely lift from rising oil prices, with a headline drop to a still-firm 19.4 from an 11-year high of 27.6 in October, while the ISM-adjusted measure fell to 55.6 from a 57.9 October cycle-high. A small November drop-backs has been seen in most producer sentiment levels, though still-robust levels suggest upside risk to 3.0% Q4 GDP estimate, after an assumed Q3 boost to 3.5% from 3.0%. Main Macro Events Today US Consumer Confidence – Expectations – seen edging up to 124.0 from 125.9. September Case-Shiller home price index and the September FHFA home price index Canadian IPPI – Expectations –rise up to 0.5% in October (m/m, nsa) after the 0.3% decline in September. Fed’s Dudley and FOMC Member Powell and Harker Speech BoC Financial System Review – Governor Poloz and Senior Deputy Governor Wilkins speech at 16:30 GMT. RBNZ Financial stability Report Charts of the Day Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 27th November 2017. MACRO EVENTS & NEWS OF 27th November 2017. FX News Today The end of the year is fast approaching. But, there is still a lot to be done over the next thirty days, with several important events and data reports to be assessed and digested before the markets can turn out the lights on 2017. One of the most crucial developments will be whether a tax reform bill can be crafted. Meanwhile, this week brings Fed Chair nominee Powell’s confirmation hearing, JEC testimony from Yellen, and an OPEC meeting. Political uncertainty in Germany will be an undercurrent ahead of Brexit talks in early December, with the EU Leaders Summit in mid-December, as well as ECB and FOMC meetings. And, a variety of top tier data on growth, inflation, production, and trade will help fine tune outlooks into 2018. United States: There’s plenty in the U.S. this week to pique interest heading into December and year end. The holiday shopping season kicked off in style on Black Friday with strong retail spending, both in brick and mortar shops and online, with estimates around $33 bln, according to Customer Growth Partners data, which would be a 4.9% y/y pick up. Along with the focus on holidays, attention will turn to Congress which returns from the Thanksgiving recess and will set to work on the tax bill. Additionally, Fed Chair Yellen’s give her final JEC testimony (Wednesday). The Senate Banking Committee also begins hearings on Fed chair nominee Powell (Tuesday). The Beige Book is on tap too. (Wednesday). As for data, revised Q3 GDP (Wednesday) will be a focal point. The November ISM (Friday) is estimated slipping to 58.3 from 58.7. November vehicle sales (Friday). October new home sales (Monday) are expected to drop 10% to a 600k pace unwinding some of the hurricane-distorted 18.9% jump in September to 667k. November consumer confidence (Tuesday) is seen edging up to 126.0 from 125.9. October personal income and consumption (Thursday) will help further fine tune GDP forecasts, and will also be important gauges ahead of the holiday shopping season. Other housing data is slated this week includes the September Case-Shiller home price index (Tuesday), the September FHFA home price index (Tuesday), and October pending home sales (Wednesday). Construction spending (Friday) likely rose 0.7% in October after a 0.3% September gain. Also on tap is the November Dallas Fed’s manufacturing index (Monday), which surged 6.3 points to 27.6 in October, as well as the Chicago PMI, which is projected falling to 61.0 in November from 66.2. Canada: Employment, GDP and the BoC’s Financial System Review headline a busy week of data and events. GDP (Friday) is expected to reveal a slowdown to a 1.6% Q3 pace of real GDP growth (q/q, saar) from the 4.5% growth rate in Q2. A slowdown in growth after the robust first half has been well-flagged by the BoC. Employment (Friday) is seen rising 20.0k in November after the 35.3k increase in October. The current account deficit (Thursday) is anticipated to widen to -C$20.0 bln in Q3 from -C$16.3 bln in Q2, as the nominal trade deficit ballooned in Q3. The industrial product price index (Tuesday) is expected to rise 0.5% in October (m/m, nsa) after the 0.3% decline in September, as energy and commodity prices moved higher while the loonie lost value against the U.S. dollar. September average weekly earnings are due Thursday. The CFIB’s November Business Barometer sentiment measure of small and medium firms is due out Thursday. Meanwhile, the Bank of Canada releases the Financial System Review on Tuesday. Governor Poloz and Senior Deputy Governor Wilkins will take questions from the press. Europe: November seems to be ending on an upbeat note with plenty of reason for cheer. Confidence indicators have surged higher; the recovery remains on track; the ECB is still in a generous mood and there are glimmers of hope on the political fronts as well. This month’s round of survey data concludes with the European Commission’s November ESI Economic Confidence Indicator(Wednesday), which after the very strong PMI readings, is expected to show a marked uptick, especially as preliminary consumer confidence numbers have already came in much higher than anticipated. The German labour market in particular is looking increasingly tight and a decline in the November sa jobless number is anticipated (Thursday) of -7K, which would leave the adjusted unemployment rate at a record low of 1.5%. Overall Eurozone numbers meanwhile are also improving and the unemployment rate(Thursday) is likely to dip to 8.8% from 8.9% in September. The HICP rates anticipated to rise around 0.2%, which would bring the German rate (Wednesday) to 1.7%, the Italian (Wednesday),French (Thursday), both to 1.3% y/y and the overall Eurozone rate (Thursday) to 1.6% y/y from 1.4%. Though still below the ECB’s upper limit for price stability, growth indicators looking stronger than anticipated, making the ECB’s decision to extend the balance sheet once again and to leave QE open-ended, seem questionable. Indeed, there are more and more signs that while the ECB is reluctant to commit to a firm end date, in the central scenario the next QE program that ends in September next year, will likely be the last. The calendar also has Eurozone M3 money supply growth, French consumption, German retail sales and another updated for French Q3 GDP. UK: There is a risk of Brexit-related disappointment into the EU leaders’ summit in mid-December. While an FT report early last week (citing sources) attested that the EU and UK have a breakthrough in the works with regard to agreeing on divorcing terms, doubts have persisted. The EU’s Juncker said Thursday “we’ll see” as to whether there has been sufficient progress to move forward at the December-4 meeting between May, himself and EU chief Brexit negotiation, Barnier. This week’s calendar brings October lending data from the BoE (Wednesday), the November Gfk consumer confidence survey (Thursday) and the manufacturing PMI survey (Friday). The lending data expected to show steady lending to consumers, both unsecured and lending secured on dwellings, while consumer confidence to nudge lower, and the November manufacturing PMI report, to stay unchanged from November and indicate ongoing expansion in the sector. Japan: October retail sales (Wednesday) are penciled in with a 1.0% y/y contraction after posting a 1.9% growth rate for large retailers. Overall sales are seen slowing to 0.3% y/y from 2.3% overall. October industrial production (Thursday) should rise to 1.5% y/y versus the previous 1.1% decline. October housing starts and construction orders are also due Thursday. The balance of releases come on Friday, with CPI figures headlining. The November manufacturing PMI, and November auto sales are also on Friday’s docket. China: official November CFLP manufacturing PMI (Thursday) is expected to slip to 51.4 from 51.6, while the November Caixin/Markit manufacturing PMI (Friday) is penciled in at 50.7 from 51.0. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 24th November 2017. MACRO EVENTS & NEWS OF 24th November 2017. FX News Today European Outlook: : Asian stock markets moved slightly higher in quiet trade. The rout on Chinese bond and stock markets that dominated Thursday’s session faded and the Nikkei managed a 0.12% gain as the yen weakened. Chinese bond markets declined somewhat, Treasury yields climbed higher, underpinning the USD. With most U.S. investors out for the Thanksgiving holiday and markets closed Thursday, trading in Asia remained lacklustre even as Japan reopened. European and U.S. stock futures are also moving higher, oil prices are up and the WTI future is trading at USD 58.47. In Europe, the calendar still holds German Ifo investor sentiment, which could come in higher than expected after the surprisingly strong PMI readings yesterday. There seems to be come movement in Germany’s political stalemate with hopes that the SPD may take back its “no” to a coalition with Merkel’s CDU/CSU and ECB’s Couere said the deposit rate will stay at -0.4% for a long time. Canada’s drop in retail sales volumes adds another hit the September GDP outlook. Retail sales volumes fell 0.6% m/m in September after an 0.5% decline in August and a 0.3% fall in July, contrasting with the gains from January to June. The BoC tagged a fading child tax credit boost as a key driver of the Q1 and Q2 consumption gains and subsequent drop off. There was a 1.1% tumble in wholesale shipment volumes. There was a 0.7% bounce in manufacturing shipment volumes. The contribution from construction production could be mildly negative, as housing starts fell 2.8% to a 219.3k pace in September from 225.6k in August. But the outlook for mining, oil and gas production is upbeat. Energy export values grew 7.2% m/m in September. The manufacturing report’s petro and coal shipments measure improved 10.3% m/m in September. But while we’ve seen some disappointing reports of late, the BoC has projected slowing in the second half after the robust first half. And the slowing, at this point, looks to be close to what they projected in October. BoC speakers have been clear that the economy, along with uncertainty over NAFTA, has led them to a cautious stance on further rate increases. Main Macro Events Today German IFO- Expectations – Business IFO falls by 0.1 to 116.6. US Markit PMI – Expectations –the November Prelim. Manufacturing PMI rising to 54.8 from 54.6 and the services reading to 55.5 from 55.3 ECB Vice President Constancio and ECB Coeure speech Charts of the Day Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 23rd November 2017. MACRO EVENTS & NEWS OF 23rd November 2017. FX News Today European Outlook: Asian stock markets headed south, with the CSI 300 selling off and losing nearly 1.90%, dragged down by bond markets with Chinese yields on sovereign debt but also top-rated corporate notes at the highest level in three years and the 10-year is approaching the 4% mark. More than USD 1 trillion of local bonds mature next year and the bond market rout will make is very expensive for companies to refinance as the deleverage push gathers pace. The Hang Seng dropped -0.32%, the ASX closed unchanged, while Japan was closed for a holiday. With the U.S. also out of the picture today trading is likely to be quieter than usual. UK100 futures are down ahead of a busy local calendar with second readings for German and U.K. Q3 GDP alongside preliminary Eurozone PMI readings as well as French confidence data and the ECB minutes for the last policy meeting, where the ECB announced its new QE program. FOMC minutes showed concerns over low inflation, with worries that some of the softness could be due to more persistent factors. Remember this uncertainty has recently been brought up by Fed Chair Yellen. The minutes to the October 31 – November 1 meeting said “with core inflation readings continuing to surprise to the downside…many participants observed that there was some likelihood that inflation might remain below 2% for longer than they currently expected.” While that worry was the general thread, there actually was considerable hemming and hawing on whether the weakness was more transitory or was becoming perhaps persistent, as well as what to do about it. Nevertheless, “nearly all participants” affirmed a gradual approach to raising rates, which supports market expectations for a 25 bp hike at the December 12, 13 meeting. Policymakers noted continued strength in the labor market, along with moderate household spending, as consistent with above trend growth. Outlooks on wage developments were more mixed, but overall growth was seen as moderate. There was nothing in the minutes to negate expectations for a December tightening, although the fears that low inflation might be becoming more persistent support beliefs the FOMC might trim its dot plot to two tightening in 2018, from the current three.: The dollar faded further after the FOMC minutes, which showed concerns over low inflation, with worries that some of the softness could be due to more persistent factors. EURUSD topped over 1.1825, while USDJPY sank to 111.15. Main Macro Events Today German PMI – Expectations – the November manufacturing PMI falling to 60.4 from 60.6 and the services reading to 55.0 from 54.7. EU PMI – Expectations –the November manufacturing PMI falling to 58.3 from 58.5 and the services reading to remain stable at 55.0. UK GDP – Expectations – 0.4% q/q and 1.5% y/y growth rates. ECB Monetary Policy Metting Accounts CAD Retail Sales – Expectations – at 1.0% m/m in September after the 0.3% decline in August. Charts of the Day Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 21st November 2017. MACRO EVENTS & NEWS OF 21st November 2017. FX News Today European Outlook: Asian stock markets rebounded from the weak session on Monday. Chinese shares in Hong Kong rallied on financial companies following, while the ASX 200 underperformed despite a weaker currency after dovish RBA minutes. U.K and U.S. stock futures are mostly slightly down, despite the positive leads out of Asia and reports that PM May is willing to double the “divorce” settlement to the EU to EUR 40 bln ahead of the December EU summit that could clear the way for early trade and transition talks. BoE’s Ramsden said last night that Brexit prospects are reinforcing the trend of declining productivity in the economy. In Germany there are more signs that another round of elections is underway, after Merkel said yesterday that whe prefers new elections to leading a minority government as both FDP and SPD still refuse to enter a coalition with the Chancellor. Germany’s political turmoil failed to dent confidence in the GER30 yesterday, but still has the potential to shake markets going ahead. Today’s calendar has public finance data out of the U.K. Market Summary: Trading was rather quiet to start the week, with little on the global agenda, and nothing on the US domestic calendar, to provide a spark. Markets were quick to shrug off the failure of German Chancellor Merkel establish a coalition government, while ECB’s Draghi continued to urge policy patience. Political uncertainty in Germany after news that Chancellor Merkel has been unable to form a minority government caused an early stir, weighing on equities and giving bonds a little bid. But, that was quickly shaken off after President Steinmeier stepped in to try and get parties back to the negotiating table. Beliefs the German economy was also strong enough to withstand any turbulence saw the GER30 rebound and Bund yields rise. Meanwhile, U.S. leading indicates leapt 1.2% in October, though reaction was typically minimal given the rebound from the hurricanes. Yellen also confirmed she plans to leave the Fed board as part of the expected handover to Powell. Canadian markets were generally hostage to these events, along with uncertainties over the U.S. political situation, and especially tax policies. Main Macro Events Today RBA – RBA Gov Lowe speaks at the Australian Business Economists Annual Dinner, in Sydney. UK Inflation & Public Net Borrowing – Expectations – Monthly government borrowing data expected at 6.6B Pounds. BOE Governor and MPC members testify on inflation and the economic outlook prior Parliament’s Treasury Committee. Canadian Wholesale Sales – Expectations – a rise at 0.6% from 0.5% seen last month. US Existing Home Sales – Expectations – seen rising 0.7% to a 5.43 mln unit pace from 5.39 mln previously. Charts of the Day Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 20th November 2017. MACRO EVENTS & NEWS OF 20th November 2017. FX News Today Main Macro Events This Week After a couple of panicky moments in global equities over the past week, the markets will keep a wary eye on political developments. In Washington, the House passed its version of tax reform, but the process of reconciling that with a Senate bill could put a damper on the holidays. Political risks loom large in Europe too. Brexit remains a major uncertainty; Merkel has yet to form a government in Germany, while ousted Catalan leaders still have a chance in the December snap election. Trading should quiet this week, however, with the U.S. and Japan on holiday Thursday for Thanksgiving. There’s little on the economic calendars as well. United States: The economic calendar will be heavily front-loaded, especially on Wednesday ahead of the long Thanksgiving weekend. That will make for a frantic action packed early week of data. Leading indicators are expected to rebound 0.4% (Monday) in October from their 0.2% decline in September. The Chicago Fed National Activity Index is on tap for October (Tuesday), along with October existing home sales seen rising 0.7% to a 5.43 mln unit pace from 5.39 mln previously — in line with gains in other housing indicators in the month such as the NAHB index. The MBA mortgage market index returns (Wednesday), accompanied by October durable goods orders forecast to rise 0.5% vs 2.0% in September thanks to the hurricane rebound, or 0.4% ex-transportation. Initial jobless claims should resume their decline by 15k to 234k for the week ended November 18 (Wednesday), while final Michigan sentiment may be nudged to 98.0 in November from a preliminary 97.8, down from 100.7 in October. Rounding out the week are Markit PMIs (Friday). Canada: In Canada the data and event docket is fairly thin this week. September wholesale shipments (Tuesday) are expected to rise 0.7% m/m after the 0.5% gain in August. Retails sales (Thursday) are projected to rebound 1.0% m/m in September after the 0.3% decline in August. The ex-autos sales aggregate is seen rising 0.8% m/m on the heels of the 0.7% tumble in August. The wholesale and retail reports comprise the final two reports that directly inform the forecast for September GDP. As-expected reports would be consistent with the projection for a 0.1% m/m bounce-back in September GDP following the 0.1% drop in August and flat reading in July. For the quarter, GDP is tracking around 1.8% (q/q, saar), which would match the BoC’s Q3 estimate from the October MPR. Hence, the data this week should be supportive of current expectations for a very cautious approach from the BoC to removing accommodation. Europe: The data calendar includes the second reading of German Q3 GDP (Wednesday), widely expected to be confirmed at 0.8% q/q. And the breakdown, which will be released for the first time, will likely show ongoing robust domestic demand, but also a contribution from net exports to overall growth amid a strengthening world economy. Looking ahead, preliminary November PMI readings (Thursday) as well as the German Ifo (Friday) could ease slightly, but are expected to remain at high levels, consistent with ongoing robust growth in Q4 and going into 2018. The economic calendar also has Eurozone consumer confidence, French national confidence data and Italian orders among others. Events include a German 30-year auction, the ECB’s account of the last policy meeting and a wealth of ECB speakers including Draghi, Coeure and Constancio. Draghi and Constancio in particular are likely to continue to defend the ECB’s line that despite stronger growth the economy and inflation in particular still need ongoing monetary support, while others including Bundesbank President Weidmann would have preferred a clearer commitment to an end date for QE. UK: Time is ticking on the next deadline — the December EU leaders’ summit — for the UK and EU to agree on Brexit divorce terms. There remains little sign that an accord will be reached, however, and many signs of deadlock — not just on the final financial settlement but also the Northern Ireland border issue, which is starting to look like a major sticking point, with Ireland threatening to block the Brexit process entirely. The calendar this week brings monthly government borrowing data (Tuesday), the November CBI industrial trend survey (also Tuesday), the Chancellor’s mid fiscal year budget (Wednesday), the second estimate for Q3 GDP (Wednesday), and, finally, the November CBI distributive sales survey (Thursday). The CBI surveys, being relatively narrow in terms of respondents, will largely be overlooked by markets, while the Chancellor’s room for fiscal manoeuvre is limited. GDP data is expected to confirm the preliminarily estimated 0.4% q/q and 1.5% y/y growth rates. Japan:In Japan, the September all-industry index (Tuesday) is penciled in at -0.5% from up 0.1% in August. Australia: In Australia, it is a busy week for the Reserve Bank of Australia. The Bank’s Head of Financial Stability Kearns speaks at the Aus-China Property Developers Investors and Financiers event (Monday). Head of Domestic Markets, Marion Kohler, delivers a speech (Monday) to the Australian Securitisation Forum 2017. The RBA’s Assistant Governor (Financial System) Michele Bullock is a panel participant at the Women in Payments Symposium. The calendar is empty of top tier data, with Q3 construction work done (Wednesday) the lone highlight. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 17th November 2017. MACRO EVENTS & NEWS OF 17th November 2017. FX News Today European Outlook: The recovery on global stock markets continued in Asia overnight, with a round of positive earnings from U.S. companies reports and progress on the U.S. tax reform plan underpinning risk appetite. The Hang Seng outperformed with banks underpinned by optimism over new shareholding rules. Elsewhere gains were more muted however, and the Nikkei closed up 0.20%, while U.K. Stock futures are down, and U.S. futures narrowly mixed. Oil prices are slightly higher on the day and the front end WTI future is trading a USD 55.35 per barrel. A more cautious mood then on stock markets going into the European open and long yields declined in Japan and Australia. Bund futures extended losses in after hour trade yesterday, with Gilt under-performing and with BoE’s Carney repeating late yesterday that there will be more rate hikes, if the economy develops along expected lines, Gilts could well continue to underperform. Today’s data calendar has Eurozone BoE and current account data and Bundesbank President Weidmann is scheduled to speak. U.S. reports: revealed a surprisingly robust round of industrial production figures, with a 0.9% October surge after big upward revisions back through May, alongside a slightly larger than expected November Philly Fed drop to a still-solid 22.7 from 27.9, with a larger ISM-adjusted drop to 56.7 from 59.7. We also saw an unexpected 10k initial claims bounce to 249k in the Veteran’s Day week, though this week kicks-off the period of heightened volatility that extends through the MLK weekend. The October trade price figures proved weaker than expected despite oil import and food export price gains, perhaps partly due to the October bounce in the value of the dollar combined with some unwind of a prior hurricane-boost. The net upside surprise for the day’s reports was reinforced by a 2-point bounce in the NAHB index to 70, and a rise in the weekly Bloomberg consumer comfort index to 52.1 from 51.5. Main Macro Events Today ECB – ECB Pres. Draghi is due to speak at Frankfurt European Banking Congress. Canadian CPI – Expectations – rise to 0.1% m/m in October after the 0.2% gain in September. Furthermore, CPI is expected to dip to a 1.5% annual growth pace in October from the 1.6% pace in September (y/y, nsa). US Building Permits – Expectations – increase up to a 1.247 mln rate from 1.215 mln. US Housing Starts – Expectations – increase up to a 1.185 mln rate from 1.127 mln. Charts of the Day Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 16th November 2017. MACRO EVENTS & NEWS OF 16th November 2017. FX News Today European Outlook: Stock markets bounced back during the Asian session, and the Nikkei gained nearly 1.5% as technology and telecom stocks led the way and a weaker Yen added support. Profit taking seems to have run its course and traders are leaving concerns about the progress of U.S. tax reforms and China’s slowdown and credit burden behind and refocus on positive corporate earnings. U.K. and U.S. futures are also higher, suggesting that global markets are set to recover some of the losses from earlier in the week. Yields still dropped in Asia overnight and Bund futures climbed higher in after hour trade, with Eurozone peripherals in particular likely to benefit from the return in risk appetite. The EUR is down from recent highs, but still hovering around the 1.18 mark against the Dollar. The local calendar has U.K. retail sales data and the final reading of Eurozone HICP inflation for October. FX Action: USDJPY has traded firmer so far today, rising concomitantly with stock markets in Asia. U.S. equity index futures are also up after the USA500 posted its biggest daily loss yesterday in two months. The yen has been correlating inversely with global stock markets this week, as it is apt to do during phases of pronounced swings in investor risk appetite. The weakness in the currency today has in turn injected extra buoyancy into Japanese stock markets, with the Topix index outperforming most of its regional peers with a gain of just over 1%. News that two U.S. senators (Ron Johnson and Susan Collins) have publicly criticised the tax reform bill may limit the rebound potential of stock markets, at least on Wall Street. Main Macro Events Today UK Retail Sales – Expectations – pick up to 0.1% for October, from -0.8% seen in September. EU Final CPI – Expectations – unchanged at 1.4% and core at 0.9%. Canadian ADP Non-Farm Employment Change & Manuf. Sales – Expectations – Manufacturing Sales expected to fall down to -0.4% from 1.6% last month, while Canadian ADP Non-Farm Employment Change will be released for the first time. US Jobless Claims, Production & Philly Fed index – Expectations – Jobless claims expected to dip to 235K, while Phily index expected ay 25.0 from 27.9 seen on October. BoE and FOMC – BoE Governor Carney is due to speak along with MPC members Broadbent, Cunliffe, and Ramsden about economics at various public schools, in Liverpool. FOMC members Kaplan and Brainard are due to give a speech in Houston an d Michigan respectively. Charts of the Day Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 15th November 2017. MACRO EVENTS & NEWS OF 15th November 2017. FX News Today European Outlook: The sell off in global stock markets continued in Asia overnight, With Japan underperforming and the Nikkei closing with a loss of -1.57% as a stronger Yen added to pressure from profit taking as the year end comes into view. Concern over the rout in China’s bond market and the sell off in global commodities underpinned the decline. Oil prices continued to slide overnight, with the front end WTI future currently just barely above the USD 55.0 per barrel level. China’s 10-year yields breached 4% for the first time in more than three years yesterday, and while they are back below the key level amid a wider decline in Asian yields, there are fears more is to come. Yields in the U.S. and Europe also declined yesterday and with stock futures heading south bonds are likely to remain sought. The calendar today has the final reading for French Nov HICP and Eurozone trade data, but the focus will be on U.K. labour market and wage date, with BoE’s Cunliffe stressing late yesterday that the central bank needs clear pay growth evidence before hiking again. There is supply from Germany, which auctions 10-year Bunds after already selling 2-year Schatz notes yesterday and ECB speakers are also on the schedule. Japan’s GDP slowed to a 1.4% growth pace in Q3, nearly as expected following a revised 2.6% gain in Q2 (was +2.5%). Consumption spending fell 0.5% in Q3 (q/q, sa) amid poor weather conditions, after a revised 0.7% gain in Q2 (was +0.8%). Business spending rose 0.2% in Q3 (q/q, sa) after the 0.5% gain in Q2. Net exports added to GDP. This was the seventh consecutive quarter of GDP growth. The deflator grew 0.1% (y/y, sa) in Q3 following the 0.4% drop in Q2 and 0.8% decline in Q1. There was a flat reading (0.0%) in Q4 of 2016 and a 0.1% dip in Q3 of 2016. Hence, this is the first expansion in the deflator since the 0.4% rise in Q2 of 2016. USDJPY has slipped to 113.22 from 113.40 going into the report’s release. Main Macro Events Today UK Average Earnings – Expectations – a 2.1% y/y rise in the three months to September, and a 2.2% gain in the ex-bonus numbers that would still be lagging some way behind inflation. UK Unemployment Rate – Expectations – unchanged at the cycle low of 4.3% in September. US Retail Sales – Expectations – inching up 0.1% in October, with the ex-auto aggregate rising 0.3% following gains of 1.6% and 1.0%, respectively in September, which were also impacted by the hurricanes. Production and manufacturing data will also be of interest. US CPI – Expectations – rise to 0.1%m/m for October from 0.5% last month and with the core up 0.2% as energy prices moderate. Charts of the Day Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 14th November 2017. MACRO EVENTS & NEWS OF 14th November 2017. FX News Today European Outlook: Asian stock markets trended lower in sluggish trading, U.S. tax reform developments remain in focus and disappointing manufacturing data out of China did little to boost sentiment. The Nikkei closed little changed, after swinging between gains and losses, the Hang Seng also moved sideways, while CSI 300 and ASX slipped, the latter despite solid business confidence data, which boosted the Aussie dollar and lifted bond yields. After a quiet start to the week, the calendar is heating up today, with German Q3 GDP data and final October inflation numbers at the start of the session, followed by U.K. inflation data, Eurozone production and Q3 GDP. Central bankers are meeting in Frankfurt Fed’s Yellen, ECB’s Draghi, BoE’s Carney, BoJ’s Kuroda are all scheduled to speak this morning. German HICP inflation was confirmed at 1.5% y/y, as expected, while German Q3 GDP much higher than expected at 0.8% q/q, up from 0.6% q/q and versus a median forecast of 0.6% q/q. A slight slowdown was expected in the quarterly growth rate as production dynamics seemed to have slowed down temporarily, but while there is no official breakdown, the statistics office reported that net exports were a major contributor to growth in the third quarter of the year, so external demand will have compensated for the somewhat more muted performance elsewhere over the summer. The annual rate jumped to 2.8% y/y. That the German economy continues to race ahead is evident in most data and orders suggest a renewed uptick in manufacturing in the last quarter of the year with growth rates exceeding potential going ahead. Main Macro Events Today UK PPI and CPI- Expectations – a fall to 0.3% m/m from 0.4% and a 2.4% y/y from 2.8%. German ZEW – Expectations -a slight improvement in the report up to 20.0 after rising 0.6 points to 17.6 in October. The current situation index should rebound to 88.0 after falling 0.9 points to 87.0 previously. EU GDP and Industrial Production – Expectations – unchanged at 0.6% q/q and 2.5% y/y for Q3 and a decline for industrial production by 0.6% , down to 3.2% y/y for September. Charts of the Day Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 13th November 2017. THE ECONOMIC WEEK AHEAD. Main Macro Events This Week Global bonds and stocks generally declined last week, in large part on political and fiscal worries. Equities slid in the U.S. and Europe, with Wall Street posting its first losing week since September. Despite improved global growth, wrangling in Washington and anxiety over the Trump agenda, especially with the duelling tax plans, concerns over a potential ballooning U.S. deficit, along with Brexit-related angst, not to mention the political intrigue in Saudi Arabia, and rising oil prices, all saw investors fleeing key asset markets. These factors will keep trading choppy and cautious. United States: Politics and the debate on tax reform will remain front and centre this week, although there are several important data releases, as well as Fedspeak, and earnings announcements that will vie for attention. All eyes will be on Washington as the Republican controlled House and Senate try to reconcile their respective tax plans in time for a vote this year. There are several key economic releases this week that will help fine tune the outlook heading into year-end, with some of the disaster effects washing out. October CPI and retail sales (Wednesday) headline the calendar. Production and manufacturing data will also be of interest. Industrial production (Thursday) is expected to climb 0.7% in October, bouncing on disaster rebuilding, following the 0.3% September gain, with capacity utilization rising to 76.4% from 76.0%. The November Empire State manufacturing index (Wednesday) is seen falling to 24.0 after the 5.8 point jump to 30.2 previously. The November Philly Fed index (Thursday) should fall 3.9 points to 24.0 after rising 4.1 points to 27.9 in October. Also important this week will be housing starts for October, expected to increase to a 1.160 mln rate from 1.127 mln. Canada: Canada’s bond markets are closed Monday for Remembrance Day. Stocks markets are open. The calendar features September manufacturing (Thursday) and October CPI (Friday). The Teranet/National Home Price Index for October and the October existing home sales report are both due on Wednesday. ADP debuts its Canada National Employment report on Thursday. ADP’s U.S. report is a market mover, and the Canada edition is sure to generate considerable interest given the lack of direct inputs available for the Statistic Canada’s monthly jobs report. Bank of Canada Senior Deputy Governor Wilkins speaks on Wednesday to the Money Marketeers of New York in New York, NY. Her speech is titled “Monetary Policy Under Uncertainty.” The Bank publishes the biannual Bank of Canada Review on Thursday. Europe: Geopolitical risks weighed on markets last week and huge swings in peripheral long yields highlight that the ECB’s ongoing presence on secondary markets is leaving its mark and in times of weak supply is also likely to add to volatility. Rate hikes are not on the horizon until 2019, but the large number of ECB officials on the speaking circuit this week is likely to once again show that a growing divergence between the hawks and the doves at the ECB with the number of those urging a commitment to an exit to QE on the rise. Data releases include final inflation data for October, which are unlikely to hold major surprises. German HICP (Tuesday) expected to be confirmed at 1.5% y/y and the overall Eurozone HICP (Thursday) at just 1.4% y/y. Those will support arguments for the doves at the ECB. Still, growth indicators are robust and the first reading of German GDP growth for Q3 (Tuesday) is seen at 0.5% q/q, slightly slower than the 0.6% clip Q2. Also on the calendar are country GDP readings, including Italy and Portugal, among others, as well as Eurozone trade, BoP and production data.The most important indicator for the markets and the overall growth outlook will be the German ZEW readings for November (Tuesday). A slightly weaker than expected numbers would still suggest the German economy, in particular, is on course to steam ahead with above potential growth rates this year and next, making the ECB’s monetary policy position looking too expansionary for the Eurozone’s largest economy. These factors aren’t likely to impress the doves, however, who remain focused on still sluggish growth in Italy in particular. UK: The calendar this week is highlighted by the release of October inflation data (Tuesday). The BoE is anticipating CPI to decline to 2.4% in 2018 after 3.0% this year, and to ebb further to 2.2% y/y in 2019. The central bank is expected to hike the repo rate two more times over this period, though latest BoE agents report highlighted that wage demands are picking up — a backdrop that, should it sustain, could potentially see policymakers turn more hawkish. Labour market data is also up this week (Wednesday), where the unemployment rate anticipated unchanged at the cycle low of 4.3% in September. Attention will be on average household income figures given the BoE’s agents report shining of light on a possible sea change in the bargaining position of workers amid a tightening labour market. October retail sales data will round out the UK’s agenda this week (Thursday). China: In China, October industrial output (Tuesday) is seen at 6.0% y/y from 6.7% previously, while October retail sales are anticipated at a 10.4% y/y rate from 10.3%. October loan growth and new yuan loan data (tentatively Wednesday) should show the former at a 13.0% y/y clip from 13.1%, with the latter at CNY 900.0 bln from 1,270.0 bln. Japan: In Japan, the preliminary look at Q3 GDP (Wednesday) is penciled in at 1.5% q/q from 2.5% in Q2. Revised September industrial production is also due (Wednesday). It fell 1.1% in the preliminary print, versus a 2.0% August gain. Australia: The October employment report (Thursday) is expected to show a 20.0k increase employment after the 19.8k gain in September. The unemployment rate is seen at 5.5% in October, identical to the rate in September. The wage price index (Wednesday) is projected to expand at a 0.6% pace in Q3 (q/q, sa) after the 0.5% rise in Q2. The wage price index is seen growing at a 2.1% y/y pace in Q3 from the 1.9% y/y pace seen each quarter from Q3 of 2016 to Q2 of 2017. The 1.9% y/y growth pace is the slowest pace on record going back to the late 1990’s. Assistant Governor (Economic) Ellis speaks Wednesday. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 10th November 2017. MACRO EVENTS & NEWS OF 10th November 2017. FX News Today European Outlook: China outperformed and stocks head for the best week in three months, after an announcement that limits on foreign ownership of Chinese banks and asset managers will be removed. and while Chinese investors also propped up Hong Kong markets, elsewhere in Asia equities mostly declined, with Japan leading the way, following on from declines on Wall Street in Europe yesterday. U.S. tax concerns have spooked markets and the GER30 closed with a loss of -1.49% on Thursday, amid disappointing earnings reports, a stronger EUR and concerns about the prospects for U.S. tax reforms and while the index still remains at high level of over 13000 some are speculating on a broader correction from record levels. UK100 futures as well as DJ mini futures are posting marginal gains, but the UK100 already outperformed yesterday amid a weaker pound. Today’s calendar focuses on production data out of the U.K., France and Italy and the U.K. also has trade data for September and the NIESR GDP estimate in the afternoon. FX Action: USDJPY has recovered poise in Asia after tumbling yesterday on news that the implementation of the Senate plan to cut corporate tax in the U.S. will be delayed by two years and the extent of some other taxes will be trimmed. The news sparked a steep sell-off in U.S. and global equity markets, driving demand for the yen, among other perceived safe haven currencies and assets. A subsequent report that Republican Senator Cornyn is looking to avoid a one-year delay seemed to throw markets a lift line. USDJPY pair has recouped to around 113.40 after clocking a low at 113.09, which is the lowest level seen since October 31. Main Macro Events Today UK Manufacturing Production – Expectations – a fall to 0.3% m/m from 0.4% and a 2.4% y/y from 2.8%. UK Good Trade Balance – Expectations – a deficit of -12.8B Pounds for September from – 14.25B. US Prelim UoM Consumer Sentiment – Expectations – unchanged at 100.7. Charts of the Day Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 9th November 2017. MACRO EVENTS & NEWS OF 9th November 2017. FX News Today European Outlook: Asian stock markets mostly moved higher. Japan under-performed and markets retreated in the afternoon from 25 year highs. A stronger Yen technically driven trading knocked indices and the Nikkei closed down -0.20%. News that the U.S. three-carrier strike group was conducting exercises off the Korean peninsular seemed to rattle some nerves in markets, prompting buying of the safe haven Japanese currency while pushing stocks — particularly markets in Japan and South Korea — off highs. Elsewhere markets closed higher. U.S. and UK100 futures are down, GER30 futures are pretty steady as markets await a number of key earnings reports, including Siemens and Deutsche Post, which could lift the GER30 to new record highs. Released overnight. Released overnight, the U.K. RICS house price balance came in weaker than expected. Still to come the ECB publishes its latest economic bulletin and the European Commission its updated set of forecasts. Last night, RBNZ held rates steady at 1.75%, matching widespread expectations for no change to the Official Cash Rate. Governor Spencer said policy will remain accommodative for a considerable period. Hence no change is anticipated for an extended period, with the next move a rate increase late in 2018. Today, German trade surplus widened in Q3. Germany posted a sa trade surplus of EUR 21.8 bln in September, slightly higher than the EUR 21.3 bln in August. This is nominal data, which is impacted by currency and oil price fluctuations, but the numbers point to a positive contribution from next exports to overall trade. Main Macro Events Today Canadian NHPI- The new housing price index is projected to gain 0.1% m/m in September, matching the 0.1% rise in August. US Unemployment Claims – rebound 6k to 233k for the November 11 week. SNB, ECB & German President Speeches – ECB’s Coeure, Vice president Constancio , Lautenschlager, German Buda President Weidmann and SNB Chairman Jordan, all have speeches to deliver today. Charts of the Day Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 8th November 2017. MACRO EVENTS & NEWS OF 8th November 2017. FX News Today European Outlook: Asian stock markets were narrowly mixed. The Tokyo Stock Price Index closed at the highest level since 1991, while other indices hovered slightly below recent highs. The Dollar slipped on tax news, and oil prices fell back and UK100 and U.S. stock futures are in the red, while oil prices fell back below USD 56 per barrel. Time for stock taking it seems and yesterday’s late sell off on European bourses, which saw bond yields coming down sharply, it may be time for consolidation. There is not much else on the European calendar and French trade numbers are unlikely to attract too much attention. Fed & BoC: Yesterday, Fed Chair Yellen stuck to the script on ethics in government and didn’t stray into policy or the economy when she accepted her shared Douglas award with former Fed Chief Bernanke from the University of Illinois. Therefore she did not attract much attention by the market. BoC’s Poloz also delivered a speech yesterday, in which he downplayed the recent “perk-up” in wages, saying last week’s job report was “an encouraging set of numbers.” However, the “trend-line for wages has been quite low” and it perked up in the last data point but we “need more data points to be assured of that.” On oil, he cautioned that the supply curve for oil is more elastic than in the past (quick supply response). In response to a question on NAFTA, he repeated his often aired view last month that the main impact on their thinking focuses on business investment, and the extent to which already raised expectations would be higher if not for the uncertainty surrounding the negotiations. On inflation, he said the “shortfall from target has been pretty modest. It is still within the bank’s target band. People still think 2% is the right number. Main Macro Events Today Non-Monetary Policy’s ECB Meeting – Governing Council of the ECB: non-monetary policy meeting in Frankfurt Canadian Housing Data – Expectations – October housing starts at 215.0k from 217.3k in September and Building permits down to 1.0% m/m in September after the 5.5% drop in August. Oil Inventories – Expectations – down to -2.8M from -2.43M last week. RBNZ Rates & Monetary Policy statement –Expectations – no change to the current 1.75% policy setting. Charts of the Day Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

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By joining our webinars you can: *Watch our experts analyse the markets live. *Strengthen your trading skills and knowledge. *Ask questions and get the answers you need. *Access past webinars to refresh your memory. *Get valuable training that is not readily available online. *Discover industry tips and tricks from the pros. Places are limited*, so book your free place now! View our webinar lineup till November 2017: 03 October, 11:00 AM GMT: Live Analysis In this live analysis webinar, our market expert Stuart will analyze forex, commodity and stock markets. This is a great learning opportunity for both new and proficient traders as you can ask all your questions on analysis, trading and risk management and find trading setups for the coming days. * Watch as Stuart analyzes forex, commodity and stock markets in real time * Learn how professional traders approach analysis and trading * Get your trading questions answered live Instructor: Stuart Cowell, HotForex’s Senior Analyst 08 November, 11:00 AM GMT: Not all News Is Equal – Fundamental Analysis There are regular weekly and monthly news items that generate opportunities in the forex market. Join Stuart to find out the importance of news hierarchy in fundamental analysis: *What news items really have an effect? *How can you organize your trading around the important news? *What news matters and what is just noise in the market? 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Traders of all levels of experience can learn from this opportunity to ask questions about analysis, trading, risk management and future trading setups. *Watch Stuart analyze the markets in real time *Learn how professionals approach analysis and trading *Get your trading questions answered live Instructor: Stuart Cowell, HotForex’s Senior Analyst 22 November, The Mind Games of Trading If you have ever blown an account or would like some help disciplining your mind and emotions, then this is the session for you. *Limit your losses by understanding a few simple numbers *The most important factors for trading improvement *How to win the trading mind game Instructor: Stuart Cowell, HotForex’s Senior Analyst If you have any questions, comments or feedback, please do not hesitate to contact our dedicated Customer Support Team via myHotForex, live chat, or by email webinars@HotForex.com. Best Regards, The HotForex Support Team *Please Note: Places are limited and we cannot guarantee availability. On the day of the Webinar, make sure to dial in or login on time using the instructions in the confirmation email you receive following registration. When the maximum number of attendees is reached, no further registrants will be able to join.

Date : 7th November 2017. MACRO EVENTS & NEWS OF 7th November 2017. FX News Today European Outlook: Asian stock markets rallied, with the Nikkei closing up 1.7%, ASX and Hang Seng also surged more than 1%. The Nikkei 225 closed at the highest level since 1992, underpinned by corporate earnings and the yen’s weakness against the dollar, while the turmoil in Saudi Arabia sent energy prices surging higher. U.K. and U.S. stock futures are also up as the front end WTI future climbed above USD 57 per barrel. The local calendar today has U.K. house price numbers, Eurozone retail PMIs and Eurozone retail sales. Earlier German production data released, which corrected -1.6% m/m in September, more than anticipated. After the strong 2.6% m/m rise in the previous month, this was only a partial correction that still left the annual rate at a healthy 3.6% y/y and with orders continuing to surge ahead, production seems to have taken a breather at the end of the third quarter. Reserve Bank of Australia held the cash rate at 1.50%, matching widespread expectations. Governor Lowe said the low level of interest rates is supporting the economy. The Board judged that holding rates steady would be “consistent with sustainable growth in the economy and achieving the inflation target over time.” The AUD appreciation since mid year is “expected to contribute to continued subdued price pressures in the economy.” The Bank’s forecast remains “for inflation to pick-up gradually as the economy strengthens.” Finally, the Bank’s growth forecasts are largely unchanged, with growth expected to pick-up and average around 3% over the next few years. AUDUSD bumped higher to 0.7965 from 0.7680 on the as-expected result, but has quickly returned to 0.7680. Main Macro Events Today ECB & BoC – ECB President Draghi is due to deliver opening remarks at the ECB Forum on Banking Supervision, in Frankfurt at 9:00 GMT. Later, Bank of Canada Governor Poloz speaks to the CFA Montreal and Montreal Council on Foreign Relations, at 17:55 GMT. Fedspeak – will be highlighted by a Chair Yellen acceptance speech at the Paul H. Douglas Award for Ethics in Government, though one would imagine that there will be little of policy substance here as she begins the transition to Chair-nominee Powell. . Moderate Fed Vice Chairman Quarles will take part in a discussion on financial regulation before the Clearing House Annual Conference. Eu Retail Sales – Expectations – rise at 0.6% for September from -0.5%. US Jolts Job Openings – Expectations – at 6.09M from 6.08M in August. Charts of the Day Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 6th November 2017. MACRO EVENTS & NEWS OF 6th November 2017. FX News Today The President Trump is off to Asia, the earnings season is winding down and the data calendar is thinning. There are several central bank meetings in Asia, however, but they should maintain the status quo. The U.S. economic calendar is a fairly lean one this week should largely be overshadowed by the October payrolls report the week prior, even as U.S. data continues to hit escape velocity after the early dampening impact of the fall hurricanes and even the Napa firestorms. United States: The week starts slowly with the release of JOLTS job openings (Tuesday), followed by the MBA mortgage applications and EIA energy inventory reports (Wednesday). Initial jobless claims are forecast to rebound 6k to 235k for the November 11 week (Thursday), while wholesale sales are forecast to rise 1.0% in September vs 1.7% and inventories are expected to increase 0.3% vs 0.8%. The week rounds out with updates on preliminary Michigan sentiment (Friday) seen rising to a median 100.7 in November from 100.7. Fedspeak will be highlighted by a Chair Yellen acceptance speech at the Paul H. Douglas Award for Ethics in Government (Tuesday) from 15 ET, though one would imagine that there will be little of policy substance here as she begins the transition to Chair-nominee Powell. Canada: The docket of economic data is housing-heavy this week. October housing starts (Wednesday) are expected to slip to 215.0k from 217.3k in September. Building permits (Wednesday) are seen falling 1.0% m/m in September after the 5.5% drop in August. The new housing price index (Thursday) is projected to gain 0.1% m/m in September, matching the 0.1% rise in August. Meanwhile, Bank of Canada Governor Poloz speaks (Tuesday) to the CFA Montreal and Montreal Council on Foreign Relations. His speech is titled “Central banks’ ability to understand inflation.” The Governor will also hold a press conference following the speech. The Bank of Canada’s “cautious” approach prevailed from the announcement-MPR-press-conference in October through testimony to Parliament last week from Poloz and Wilkins. Europe: With central bank decisions out of the way, the focus returns to Brexit talks. The December summit is approaching fast and so far there is no sign that there has been any progress on the key issues EU leaders want to have clarified before they agree to start trade talks. The data calendar is slowing down, but on the whole should confirm that the Eurozone recovery remains on track. German orders and production data may be expected to correct in September from the strong August numbers, but annual rates remain high and survey data suggests overall growth remained broadly steady at 0.6% q/q in Q3. The manufacturing orders expected (Monday) down -1.4% m/m and industrial production (Tuesday), down -1.2% m/m. The final reading for the Eurozone services PMI is likely to confirm that growth in the sector slowed down somewhat in October. September producer price inflation for the Eurozone (Monday), is expected to show an acceleration in the headline rate to 2.8% y/y from 2.5% y/y, as companies start to pass on cost pressures. Still, as the ECB already clarified its policy path until the end of September next year, the data don’t change the immediate outlook. Supply comes from Germany, which issues index linked bonds Tuesday and 5-year Bonds Wednesday. UK: Both Gilt yields and sterling tumbled last week, with both adjusting to a lower trading range following the BoE’s guidance at its November MPC meeting last week. The calendar this week starts with the BRC retail sales report for October (Monday), which will be of interest following the much weaker than expected CBI distributive sales survey, which, although not normally taken too seriously (as it covers only a two week period with relative few survey respondents), fanned concerns about the health of the consumer sector in the face of eroding spend power, with inflating having been outstripping pay awards for most of the year. Other data of note include September production and trade figures (both due Friday), where a 0.3% m/m rise and a 1.9% y/y gain, expected. China’s calendar has October trade (Wednesday), anticipated to widen to a $37.0 bln surplus from $28.6 bln in September. The CPI (Thursday) is projected at 1.8% y/y in October from 1.6% in September. The PPI (Thursday) is expected to slide to 6.5% y/y in October from 6.9% y/y in September. New Yuan loans (Friday) are seen falling to $900.0 bln in October from $1270.0 bln in September. Broadly, growth in China’s economy appears to be moderating. Japan: Japan’s docket is sparse this week. Core machinery orders (Thursday) are expected to pull-back 3.0% m/m in September after the 3.4% bounce in August. The tertiary industry index (Friday) is projected to fall 0.2% m/m in September after the 0.2% decline in August. Australia: The Reserve Bank of Australia’s meeting is the highlight. The Bank (Tuesday) is expected to hold the setting for the cash rate steady at 1.50%. The accompanying statement should be consistent with steady rates well into next year. The Bank releases an updated set of projections in Friday’s Statement on Monetary Policy. The economic data docket is empty of top tier releases this week. Housing investment (Thursday) is seen expanding 3.0% m/m in September after the 1.0% rise in August. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 3rd November 2017. MACRO EVENTS & NEWS OF 3rd November 2017. FX News Today European Outlook: Asian stock markets traded mixed, as investors digest U.S. tax cut plans, Powell’s nomination as Fed chair ahead of today’s U.S. jobs report. Japan was closed for a holiday, Hang Seng and ASX moved higher, but the CSI 300 was under pressure and the Shanghai Composite Index is heading for a weekly decline of over 1% led by technology shsares and brokerages following the Communist Party Congress. UK100 futures as well as U.S. futures are moving higher though. U.K. markets remain underpinned by yesterday’s BoE report, which lifted rates, but didn’t put further moves on the agenda. This saw U.K. yields heading south yesterday and the UK100 bagging a 0.90% gain. Today’s local calendar is pretty empty, leaving markets to digest other news and look ahead to U.S. data in the afternoon. BoE Delivers First Rate Hike in 10 Years: The BoE did the expected and hiked rates by 25 bp to 0.50%, thus effectively reversing the “emergency” post-Brexit vote cut from last year. There were 2 dissenters and after yesterday’s move the central bank no longer warns that markets may be underestimating future rate hikes. President Trump officially nominated Jerome Powell as Fed chairman, replacing Janet Yellen. Powell is seen as a moderate and he has had experience in the government, the private sector, and at the Fed. He’s unlikely to make any abrupt changes to Yellen’s gradualist normalization path and should be a solid facilitator between the hawks and doves. Main Macro Events Today US NFP – Expectations – expected to surge at 312k in October, as the labor market gets back in gear following the hurricane disruptions that knocked employment down by 33k in September. US Unemployment Rate – Expectations – unchanged at 4.2% for October. Canadian Employment & Trade – Expectations – a 15.0k gain in October hiring after the 10.0k gain in September. The Employment has posted gains since December of last year. The trade deficit, is seen narrowing to -C$3.0 bln in September from -C$3.4 bln in August. US PMIs – Expectations – The ISM nonmanufacturing indexshould dip to 58.5 in October. Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 2nd November 2017. MACRO EVENTS & NEWS OF 2nd November 2017. FX News Today European Outlook: Asian stock markets ex-Japan are mostly slightly down in the wake of the as-expected Fed announcement yesterday. Japan managed to outperform and the Nikkei is up 0.58%. U.S. and U.K. stock futures are heading south as attention turns to the BoE meeting today, which is expected to bring the first rate hike since 2007. Investors will are also awaiting the decision on the next Fed chair and U.S. job data at the end of the week. Against that data releases are likely to fade into the background. They include the final readings of Eurozone manufacturing PMIs as well as German jobless numbers and the U.K. construction PMI. FX Update: The dollar has traded softer following reports run by MarketWatch and Bloomberg saying that Fed Governor Powell will be nominated to the Fed Chairmanship position later on today. Powell is seen as one of the more dovish candidates for the top job at the Fed, similar to Yellen. Yesterday’s conclusion of the FOMC, meanwhile, predictably left policy unchanged, and while the Fed upgraded growth projections, core inflation was deemed to be remaining “soft.” The statement was consistent with an already discounted 25bp rate hike in December. This backdrop imparted a modest upside bias on EURUSD, which logged a one-week high at 1.1671 in Asian trade, while USDJPY declined under 114.00, leaving a three-day high at 114.28. The dollar also ebbed versus the Australian and other dollar bloc currencies, and most other units. Main Macro Events Today BoE Inflation Report and Monetary Policy – Following the BoE’s guidance, markets are fully expecting the central bank to make its first hike of the repo rate in 10 years, taking it to 0.50% from 0.25%. This would undo the ’emergency’ rate cut of August 2016, which came amid the panicky, although short-lived, period following the vote to leave the EU. Today’s MPC announcement will be accompanied by the publication of its quarterly Inflation Report. BoE Governor Carney- speaking at 12;30 GMT along with other MPC members, about the Inflation Report, in London. US Jobless Claims – Expectations – 2K rise from 233K last week at the Alternative Reference Rates Committee Round-table. Fedspeak – Governor Powell and Fed’s Dudley are due to speak today Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 1st November 2017. MACRO EVENTS & NEWS OF 1st November 2017. FX News Today European Outlook: Japan led a rally in Asian stocks, with technology shares boosting indices to near all-time highs in brisk trade as the Yen dropped and the manufacturing PMI inched higher. U.S. futures are also climbing higher amid ongoing optimism about tax reforms and U.K. futures are equally underpinned. The CSI 300 is in the red, but all in all an optimistic start to the month, as markets focus on today’s conclusion of its 2-day FOMC meeting with no change expected. The BoE will conclude its meeting tomorrow and markets are expecting a reversal of last year’s “emergency” rate cut following the Brexit vote. Today’s calendar is quiet, with many country’s and regions across Europe celebrating All Saints Day. The U.K. and Switzerland release manufacturing PMIs and the U.K. also has house price data from Nationwide. FX Update: The dollar has been trading mixed so far today, losing ground to an outperforming pound, holding net steady versus the euro while gaining on the yen. The pound traded firmer for a third consecutive day, logging a near-two-week high versus the dollar, at 1.1.3292 and a one-month high against the euro. Sterling markets are anticipating the BoE to hike the repo rate for the first time in a decade at tomorrow’s conclusion of the Monetary Policy Committee meeting. EURUSD, meanwhile, continued to gravitate around the 1.1630-40 area, and USDJPY logged a three-session high of 113.97 amid a backdrop of rallying stock markets across Asia and globally. EURJPY also hit a three-session peak, and other yen crosses also ground higher. Markets are expecting a tax reform announcement from the Trump administration, which is expected to happen on Thursday (a day later than previously advertised), and which is feeding a risk-on sentiment in markets. We expect the prevailing forex trends to hold good for now. Main Macro Events Today UK Manufacturing PMI – Expectations – nearly unchanged at 55.8 from 55.9 on September. US ADP Non-Farm Employment Change – Expectations – a 200K jump in private payrolls from 135K last month. US Manufacturing PMI – Expectations -a dip to 59.5 FOMC Statement – FOMC expected to announce no change to the 1.00% to 1.25% policy band today at 18:00 GMT . The policy statement is expected to reiterate the general outlook of moderate growth and subdued inflation, though there could be an upgrade on the economy given the swath of better than expected data, and the report of 3% growth in Q3. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 31st October 2017. MACRO EVENTS & NEWS OF 31st October 2017. FX News Today European Outlook: Asian stock markets moved sideways overnight. U.K. and U.S. stock futures are little changed. Japanese markets pared losses as investors bought on dips, amid hopes of better earnings. The BoJ left policy on hold and while new board member Kataoka opted for additional easing, against a majority in favour of unchanged policy, the announcement had little impact on markets, with investors remaining hesitant to push indices higher ahead of a 3-day weekend in Japan and U.S. jobs data later in the week. The BoJ keeps the -0.1% rate with target remaining at 2% inflation and the 10-year JGB yield target at around 0%. In Europe most markets closed narrowly mixed on Monday, with only Spain rallying as Catalonia risks are being priced out. Today’s calendar has inflation data from Italy, France and for the Eurozone as a whole as well as GDP numbers from France and the Eurozone, the former was already released and came in at 0.5% q/q, as expected, but after last week’s ECB meeting the data won’t have any impact on the policy outlook. FX Update: The euro rally of yesterday has run out of puff, with EURUSD settling around 1.1630-40, below the 1.1657 high, while EURJPY has remained heavy, near yesterday’s 131.45 low. The yen, meanwhile, remains underpinned despite dovish guidance from the BoJ. USDJPY logged a 12-day low at 112.95, and AUDJPY has remained near the seven-month lows seen yesterday. The BoJ did the expected, and left policy on hold at its meeting today. New board member Kataoka voted for additional easing, while Governor Kuroda espoused dovish guidance in his press conference, warning that “abnormal” yen appreciation would hurt the economy and accelerate deflation, and that the central bank will continue with “powerful” accommodative monetary policy. In the U.S., political intrigue along with the announcement, promised to be made tomorrow, of the new Fed chair, will remain focal points for markets. Main Macro Events Today Eurozone GDP and Core CPI – Expectations – at 0.5% q/q from 0.6% and at 1.2% from 1.3% respectively. Canadian GDP- Expectations -0.1% increase in August. BoC – Governor Poloz Speaks before the House of Commons Standing Committee on Finance, in Ottawa. New Zealand Labor Data – Expectations – 0.1% decline in Unemployment Rate for Q3. Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 30th October 2017. MACRO EVENTS & NEWS OF 30th October 2017. FX News Today The U.S. calendar is packed with key events and data, but none more important than President Trump’s announcement of his choice for Fed chair. That will have implications for years to come. An announcement will be forthcoming this week; Powell as chair, and Taylor for vice chair? United States: The FOMC meets this week, the Fed is unanimously expected to leave rates unchanged at its meeting Tuesday, Wednesday. Although the back-to-back quarterly growth rates of 3.1% and 3.0% for Q2 and Q3 could argue for a tightening, inflation remains tame, and more importantly, there has been no Fedspeak to suggest a move is imminent. No press conference. September income and consumption (Monday) will help fine tune the quarter’s GDP outlook after the report of a 3.0% growth rate last Friday. October consumer confidence is forecast rising to 121. The Chicago PMI should fall to 62.0 in October after jumping 6.3 points to 65.2 in September. ADP headlines (Wednesday) along with the October ISM manufacturing numbers. We’re projecting a 200k jump in private payroll from the ADP, while the manufacturing index should dip to 58.5. October vehicle sales (Thursday) should are expected to decline amid ongoing hurricane disruptions. September construction spending also is likely to be distorted by the various hurricane effects. Nonfarm payrolls (Friday) are forecast surging 320k -400k in October, as the labor market gets back in gear following the hurricane disruptions that knocked employment down by 33k in September. The unemployment rate should hold at 4.2%. The ISM nonmanufacturing index (Friday) should dip to 58.5 in October (median 58.5), giving back some of the 4.5 point gain to 59.8 in September, which was the highest since August 2005. The earnings slate remains very heavy, though not as bad as last week, which was the busiest for the Q3 season Canada: August GDP (Tuesday) is expected to rise 0.1% m/m after the flat reading in July. The industrial product price index is seen expanding 0.5% in September after the 0.3% rise in August, as firmer gasoline prices more than offset the drag of a stronger loonie. Employment (Friday) is projected to grow 20.0k in October after the 10.0k gain in September. The unemployment rate is seen at 6.2%, matching September’s rate. Average weekly earnings are expected to expand at a 2.2% y/y pace, matching the growth rate in September. The trade deficit (Friday) is anticipated to narrow to -C$3.0 bln in September from -C$3.4 bln in August. Poloz and Wilkins due to speak Tuesday. Europe: German HICP (Monday) is seen steady at 1.8%, French inflation reading (Tuesday) likely to nudge higher to 1.2%. The overall Eurozone HICP (Tuesday) should be unchanged at 1.5%. Eurozone manufacturing PMI (Thursday) expected to be confirmed at 58.6. Advanced readings for French GDP and overall Eurozone Q3 GDP (both Tuesday) to show quarterly growth rates that are in line with the first quarter at 0.5% and 0.6% respectively. Spanish GDP meanwhile is expected to nudge lower slightly to 0.8%. The recovery clearly has reached the job market and PMIs also suggest ongoing job creation as companies struggle to fill still strong orders growth and expand production. The German labour market is already very tight and jobless numbers (Monday) are in our view likely to pick up slightly after a stronger than expected dip in September. Still, even the expected pick up of 4K, would leave the October jobless rate at a very low 5.6%. For the Eurozone unemployment rate (Tuesday) we are looking for a decline to 9.0% from 9.1% UK: UK data reports over the last week have mostly disappointed.The calendar is highlighted by the BoE’s November Monetary Policy Committee (announcing Thursday), which will be accompanied by the publication of its quarterly Inflation Report. Following the BoE’s guidance, markets are fully expecting the central bank to make its first hike of the repo rate in 10 years, taking it to 0.50% from 0.35%.We expect the BoE to package the tightening in dovish guidance. Data releases this week include September data from the BoE on lending (Monday), which we expect to show mortgage approvals come in near unchanged at 66.0k, October Gfk consumer confidence (Tuesday), which we forecast dipping to -10 from -9 in the month prior, and the October PMI surveys. We expect the manufacturing PMI (Wednesday) to come in at 55.9 which would be the same reading as in September. We anticipate the servicers PMI (Friday) in at 53.3 after 53.6 in the month previous. China: CFLP October manufacturing PMI (Tuesday) is forecast sliding to 52.0 from 52.4. The Caixin/Markit PMI (Wednesday) likely eased to 50.5 from 51.0. Japan: The BoJ headlines and on Tuesday, no policy changes are expected. The Bank will likely recommit to ultra-accommodative policy settings. As for data, September retail sales (Monday) are expected to dip to a 0.5%. September unemployment (Tuesday) is seen unchanged at 2.7%, with the job offers/seekers ratio likely to tick up to 1.53. PCE (due Tuesday), should show consumption at a 0.5% y/y pace from 0.6%. September industrial production (Tuesday) is penciled in at -2.0% y/y, tumbling from August’s 2.0%. September housing starts (Tuesday) are expected to contract further to a -3.0% y/y rate from -2.0% previously, while construction orders are also slated (Tuesday). Also on the slate are October manufacturing PMI (Wednesday) and October consumer confidence (Thursday), expected at 43.5 from 43.9. Japan is closed Friday for Culture Day. Australia: CPI (Wednesday) is the focus this week, with a 0.9% gain expected in Q3 after the tame 0.2% rise in Q2. The trade price report (Thursday) is expected to reveal a 1.0% drop in Q3 import prices after the 0.1% dip in Q2. Export prices are seen falling 3.0% in Q3 following the 5.7% pull-back in Q2. The Q3 PPI is due Friday. Reserve Bank of Australia Deputy Governor Debelle speaks (Thursday) on “Uncertainty.” Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Senior Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 27th October 2017. MACRO EVENTS & NEWS OF 27th October 2017. FX News Today European Outlook: Asian stock markets moved mostly higher, led by Japanese stocks, which are heading for another weekly advance on a weaker yen and positive leads from teh U.S. where equities rallied on earnings and increasd hopes for Trump’s tax reform. Australian’s benchmark underperformed and headed south as the government lots its majority following a High Court ruling on the citizenship eligibility of lawmakers. FTSe 100 and U.S. stock futures are higher, but it remains to the seen whether the Eurozone can hold the Dfraghi induced gains from yesterday. And Spanish markets, which outperformed yesterday on reports that Puigdemont may be open to early elections, are likely to retreat again after the Catalan leader backtracked partly and ruled out early elections if Madrid doesn’t stop the process to take over control, thus setting the region on a confrontation course with Madrid, which is expected to get clearance from lawmakers today to directly take over control in the autonomous region. The data calendar is pretty empty today, with only German import prices at the start of the session, as well as French consumer confidence and the ECB’s survey of professional forecasters. FX Action: USDJPY logged a fresh three-month high, at 114.26, making this the seventh up day out of the last nine sessions. EURJPY and most other yen crosses have also been underpinned over this period. The resounding mandate Abe won at Japan’s election of October 15 imparted a downward bias on the yen, as the prime minister’s favoured policy set includes a continued commitment to ultra-accommodative monetary policy, contrasting to the tightening path of the Fed and other central banks. USDJPY has support at 113.60, while the July peak at 114.49 provides an initial target. The year’s high, posted back in January, is at 118.61. Main Macro Events Today US Advanced GDP – Expectations – 2.6% US UoM Consumer Sentiment – Expectations – 100.8 Support and Resistance Levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Senior Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date : 26th October 2017. MACRO EVENTS & NEWS OF 26th October 2017. FX News Today After both Markit PMIs as well the Ifo reported mounting capacity pressures, there is a good chance that the ECB will cut back asset purchases by more than the EUR 30 bln that Bloomberg consensus suggests. However, while this is likely to see a knee jerk reaction on forex and bond markets, we expect Draghi to package the taper in a dovish statement and forward guidance, in particular leaving the option for another program extension open to dampen the impact and prevent “overreactions” on forex markets. Draghi will also confirm the sequence of exit steps, with rates expected to remain low well past the end of asset purchases, which with a 9 months program extension would push out any rate hike into 2019.And even with EUR 20 bln per months for another 9 months, the ECB will still extend its balance sheet by a further EUR 180 bln, so monetary policy will not only remain expansionary, it will be even more expansionary than now, with Draghi only gently taking the foot off the accelerator.Indeed, the good news this week was that while Bund yields jumped higher Eurozone peripherals actually mostly outperformed. So at least on that front Draghi can be a bit more confident that“less for longer” will not be a cause of a fresh wave of instability. The euro has been trading buoyantly into the ECB announcement today. EURUSD clocked a one-week high of 1.1837 earlier in the Asian session, and while EURJPY and EURCHF have remained below their respective 22- and 33-month highs of yesterday, they remain underpinned, with both crosses having picked up from shallow dips. EURUSD has akey support/restance level at 1.1830 which represents the 38.2 Fibonacci retrace level from the September 8th high at 1.2092. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Senior Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.