China house price gains no longer a certainty: central bank adviser – UNCERTAINTY ONCE AGAIN!!

The measures should be enough to ensure house prices as a whole will be stable over the next 10 to 15 years, the official China Securities Journal quoted Sheng Songcheng, a People’s Bank of China (PBOC) adviser and dean of the research institute of China Chief Economist Forum, as saying. Following a furious boom, China has gradually tightened regulatory controls over its massive property market from mid-2016. But home prices have continued to go up, even as economic growth slows, and managing risks in the sector remains a priority. Read More @ https://www.reuters.com/article/us-china-property/china-house-price-gains-no-longer-a-certainty-central-bank-adviser-idUSKCN1OZ06Y

WHAT IS THE USD SAYING?

U.S. Economy Flashes Signs It’s Downhill From Here – A slowdown in growth would have big implications for stocks, the Fed and President Trump – LIQUIDITY BACK TO THE MARKET??!!!

What if that was as good as it gets?

The Commerce Department reported Friday that U.S. gross domestic product expanded at a 3.5% annual rate in the third quarter. Coming off a 4.2% growth rate in the second quarter, it marked one of the best six-month stretches for the U.S. economy in the past decade. However, private analysts and the Federal Reserve say a slowdown is looming. Economists surveyed by The Wall Street Journal estimate the growth rate will slow to 2.5% by the first quarter of next year and 2.3% by the third quarter of 2019. The Fed is expecting growth to slow further to a 1.8% rate by 2021. Read more @ https://www.wsj.com/articles/u-s-economy-flashes-signs-its-downhill-from-here-1540656002

MONDAY NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES

  1. 5.30am – Australia will start the market with AIG manufacturing data – no change expected – we maintain sell for AUD as China slows-down
  2. 7.50am – Japan will release their Monetary Base report – Deviation from the planned trajectory for monetary base growth leads the central bank to adjust policy out of respect for their inflation mandate. BOJ will remain standstill on the monetary policies – JPY have already started their Safe Haven status.
  3. 3.00pm – Germany will release their Retail sales and Factory Orders – expected to be weak – we maintain sell for EURO.
  4. 5.30pm – EURO will release their SENTIX INVESTOR CONFIDENCE – It’s a leading indicator of economic health – investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity.
  5. 6.00pm – EURO will release their Retail sales – expected to be weak.
  6. 11.00pm – Canada will release their IVEY PMI – It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy – WE maintain SELL for C AD.
  7. 11.00pm – US will release their ISM MFG – It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy. Expected to be strong. We BUY on all pullback for the USD.

Be cautious this week as the market will continue to swing; always have good money management in place.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

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