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.