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  • MartinWilliams
    replied
    A chance to trade the Japanese currency

    Read at: http://bit.ly/2TCteJZ

    14.03.2019

    The Bank of Japan will make its monetary policy statement and announce the interest rate on March 15. The bank won’t change its interest rate, but the comments by the bank of Japan governor Haruhiko Kuroda may shake the JPY. During the previous month, the BOJ governor threw hints on further monetary policy easing. This dovish outlook made the JPY suffer. Let’s see where the central bank will drive its currency.

    • If the BOJ is hawkish, the JPY will move up;

    • If the BOJ is dovish, the JPY will move down.

    Leave a comment:


  • MartinWilliams
    replied
    Chart patterns

    http://bit.ly/2HxS3iW

    Have you ever felt like the universe is trying to communicate with you by sending various warning signs? Sometimes these signs from the unknown sources help you escape serious troubles or prevent irreparable damage to your belongings. Not every person has a gift to decode the cryptic messages the universe is sending him.

    --------------------------------------------------------------------------

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  • MartinWilliams
    replied
    Gold ascends on Brexit jitters

    More at: http://bit.ly/2EV1PsB

    12.03.2019

    On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold.

    On the Comex exchange, April delivery gold futures went up by 0.41% concluding the trading session at $1,296.35 a troy ounce.

    Many experts are assured that Theresa May will fail to achieve the votes required to underpin her withdrawal pact.

    If UK lawmakers reject May's agreement, she has pledged a vote on Wednesday on whether to depart from the EU without a deal and, if they vote down it, then there will be a vote for a limited delay to Brexit.

    On Tuesday, the uncertainty stimulated demand for the yellow metal even as volatility reigned in the Forex market.

    As markets closely watch developments, traders will wait for American inflation data expected to show up at 8:30 AM ET.

    Market experts actually expect American consumer prices to match February’s surge, underlining the case for the US major financial institution to stick with its current wait-and-see stance.

    Financial markets were still skeptical that the Federal Reserve could proceed with its rate lift in 2019, especially after the employment report revealed poor job creation in February. By the way, Fed fund futures exclude such a move and place the likelihood at above 10% that the next move would be a cut.

    Apparently, the pause in policy tightening is beneficial for the yellow metal because it decreases the opportunity cost of holding non-yielding bullion.

    In addition to this, silver futures managed to rally by about 0.97% hitting $15.4223 a troy ounce.

    Palladium surged by 1.28% showing $1,500.90.

    As for copper, this metal inched up by up to 1.10% ending up with $2.933 a pound.

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  • MartinWilliams
    replied
    5 important things this week will bring us!

    Read at: http://bit.ly/2UwZuuC

    11.03.2019

    US retail sales and core retail sales (Mon, 14:30 MT (12:30 GMT) time) – According to analysts, the level of retail sales will remain the same. At the same time, its core level (excluding automobiles) is forecast to advance by 0.4%. Higher-than-expected figures will support the USD.

    British GDP and manufacturing production (Tue, 11:30 MT (9:30 GMT) time) – Both of the indicators are anticipated to rise by 0.2%. If the actual levels of indicators are higher, the British pound will get positive momentum.

    US CPI and core CPI (Tue, 14:30 MT (12:30 GMT) time) – Here, we also anticipate the advance of 0.2% for both headline and core indicators. The greater levels will be appreciated by the USD bulls.

    US core durable goods orders and PPI (Wed, 14:30 MT (12:30 GMT) time) – The level of core durable goods orders is going to rise by 0.1%, according to forecasts. The forecast for the producer price index is also positive and expected to increase by 0.2%. Let's see if the actual data will make the USD rise.

    BOJ monetary policy statement (Fri, tentative) – The most dovish central bank will keep its interest rate unchanged at -0.10%. Moreover, the BOJ governor Haruhiko Kuroda mentioned the further easing of its monetary policy if it's needed. Any unexpected hawkish hints will support the JPY.

    Hot topics:

    It’s all about Brexit: the British Prime Minister Theresa May is going to face another vote tomorrow at the Parliament. The hopes of backing the current Brexit deal on time are fading, as Theresa May rejected the latest offer from the European Union during this weekend. The forecasts for tomorrow’s vote are not optimistic. According to the latest news, the British prime minister plans to change tomorrow’s vote from meaningful to the provisional. This will provide her an opportunity to propose further changes to the deal. According to the current scenario, if the British PM faces the defeat tomorrow, next day, on March 13, the British lawmakers will vote on a no-deal. If that vote is also rejected, the Parliament will vote on the extension of Brexit deadline on Thursday. Any uncertainties will be hurtful for the GBP during these days. On the other hand, positive news or the Brexit delay will push the GBP up.

    The release of Chinese retail sales and industrial production data on Thursday may determine the market sentiment. Latest releases for China raised concerns on the possible slowdown of the second economy in the world. If the data is disappointing, it will result in risk-aversion.

    On Friday, lawmakers will vote on a foreign investment law, which includes measures to protect the intellectual property of foreign companies in an effort to address the US concerns in the trade deal with China.



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  • MartinWilliams
    replied
    American stocks keep diving

    Read at: http://bit.ly/2F5nO1f

    08.03.2019

    On Friday, American shares kept diving for the fifth day after dismal British jobs data in February contributed to fears over decelerating global surge, which was driven by a steep dive in China's exports as well as a prolonged deceleration in the eurozone.

    Meanwhile, last month, the American economy generated no more than 20,000 in contrast with hopes that nonfarm payrolls would surge by 180,000. The given data managed to overshadow unemployment rate that dived back below 4% along with the best annual wage surge since 2009.

    A common gauge of the health of the American economy, the Dow Jones Transports index headed south by 1.60%, which is its steepest outcome for the last 11 losing marathons.

    Fears about global surge escalated after exports in China, the world's number two economy, demonstrated the most impressive dive for three years last month that generated rumors of a trade meltdown.

    It shows up on the heels of the ECB downgrading surge estimates and disclosing another round of stimulus.

    The technology sector headed south by 0.88% and appeared to be the greatest drag on the S&P 500. As for Facebook, Apple, Netflix, and Amazon, they sank 0.7%-2.5%.

    ET, the Dow Jones Industrial Average headed south by 0.75% demonstrating 25,281.34. As for the S&P 500, it slipped by 0.93% hitting 2,723.25. The Nasdaq Composite decreased by approximately 0.90% ending up with 7,354.61.

    The energy sector went down by about 2.44% because crude prices went down by 2%.

    Aside from that, ExxonMobil inched down by 2%, while Chevron Corp sank by 1%.

    In addition to this, Costco Wholesale Corp rallied by 4.56%, which is the most impressive outcome on the S&P.

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  • MartinWilliams
    replied
    Evergreen buck rallies to three-month maximums

    More at: http://bit.ly/2UnQAiM

    07.03.2019

    On Thursday, the evergreen buck jumped to three-month peaks versus its counterparts against the backdrop of a dive in the common currency after the ECB came up with the alarm on euro-area surge and pushed back its hopes for a rate lift.

    Gauging the greenback’s purchasing potential versus its major rivals the USD index shot up by 0.68% being worth 97.45.

    The currency pair EUR/USD went down by 0.77% showing $1.1217 after the ECB pushed back its hopes for a rate lift to the end of 2019, diminished its surge objective for this year from 1.7% to 1.1% and also detailed fresh stimulus measures.

    Mario Draghi, ECB governor came up with a dismal assessment of the euro zone economy, telling that a sizeable moderation in surge would proceed in 2019.

    In addition to this, GBP/USD went down by 0.61% ending up with $1.3089 against the backdrop of worries that the Brexit deadlock will resume after the European bloc neglected Britain’s latest proposals on the Irish backstop.

    In Brussels, British Attorney General Geoffrey Cox came up with the proposals, but they were neglected. The European bloc has provided Cox with time until Friday to have the revised proposals submitted, referring to remarks from European diplomats.

    However, many experts have told that the March 29 Brexit deadline will be most probably postponed due to the fact Prime Minister Theresa May won’t win concessions from the European bloc that British lawmakers demand to vote in favor of her withdrawal agreement on March 12.

    In addition to this, the currency pair USD/JPY headed south by about 0.19% concluding the trading session at Y111.54. As for USD/CAD, it soared by 0.11% showing C$1.3455.

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  • MartinWilliams
    replied
    China’s exports demonstrate the biggest dive for two years

    More at: http://bit.ly/2SOoPhM

    06.03.2019

    In February, China's exports went down following a shocking rebound in January. As for imports, they declined for a third month in a row, backing anxiety over whether China and America can tackle deep differences over trade.

    In February, China's exports are anticipated to have slumped by 4.8% from 2018 after January’s 9.1% leap.

    Such a tumble would be the greatest since December 2016. It drops a hint at a further weakening in global demand.

    In February, imports are anticipated to have gone down by 1.4% from 2018 in contrast with January’s 1.5% dip.

    Firmer-than-anticipated imports could enable some China watchers to ascertain that the Chinese economy is demonstrating signs of bottoming out responding to a pack of stimulus measures last year.

    However, most experts usually caution that China's data early in 2018 can be extremely distorted by the timing of the Lunar New Year holidays because at that time some businesses speed up their shipments or scale back output prior to shutting for a extended break.

    As follows from factory surveys, imports and exports are going to remain dismal in the nearer future, with February's official indicator indicating that export orders tumbled to their weakest value since the global financial downtime.

    In February, China's total trade surplus tumbled steeply to $26.38 billion from $39.16 billion in January.

    In response to soaring global and domestic pressure, this week the Chinese cabinet uncovered a 2019 economic surge objective of 6.0%-6.5%, down from an actual 6.6% last year, which appears to be the slowest tempo for almost 30 years.

    On Tuesday, Premier Li Keqiang told parliament that China is going to shore up the Chinese economy through billions of dollars in extra tax cuts as well as infrastructure spending. What’s more, the Chinese government will decrease real interest rates.

    Leave a comment:


  • MartinWilliams
    replied
    Currency cross pairs: how to trade them?


    Do you know that opportunities to earn money are not limited by trading your favorite EUR/USD, GBP/USD and USD/JPY? Furthermore, a currency pair may be formed without the US dollar? In this article, we are going to introduce you to the so-called ""currency cross pair"". You will find out the special features of these pairs and learn how to trade them and to avoid mistakes. This information is not investment advice.

    Learn with all details
    http://bit.ly/2Ten6ay
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  • MartinWilliams
    replied
    5 important things this week will bring us!

    Read at: http://bit.ly/2tOtGFD

    04.03.2019

    RBA rate statement (Tue, 5:30 MT (3:30 GMT) time) – The RBA Governor Philip Lowe is expected to leave the interest rate unchanged at 1.5%. However, the comments by him and the members of the Australian central bank may provide volatility to the Australian dollar.

    Australian GDP q/q (Wed, 2:30 MT (00:30 GMT) time) – According to analysts, the level of GDP growth for Australia will increase by 0.5%. Higher-than-expected figures will boost the Australian currency.

    BOC rate statement (Wed, 17:00 MT (15:00 GMT) time) – We anticipate no changes to the current level of interest rate (1.75%). The bank of Canada governor may throw some hints on the possible changes to the current monetary policy. If the BOC is hawkish, the Canadian dollar will rise.

    ECB rate statement and press conference (Thu, 14:45 and 15:30 MT (12:45 and 13:30 GMT) time) – Here we also do not expect changes to the current interest rate, but the ECB president Mario Draghi may comment on the further changes to the current monetary policy. If the European central bank is more confident in the current conditions, the euro will rise.

    US Non-farm employment change (NFP) (Fri, 15:30 MT (13:30 GMT) time) – Analysts forecast the level of NFP to increase by 185 thousand jobs. At the same time, the level of average hourly earnings is forecast to increase by 0.3% and the level of unemployment change is expected to decline to 3.9%. Higher figures for NFP and average hourly earnings and lower figures for unemployment rate will boost the USD.

    Hot topics:

    Pro-Brexiters in the Conservative party of Great Britain suggested several conditions for supporting Theresa May’s plan at the Parliament.

    Reportedly, China and the US are in the final stage of getting a trade deal. China offers to lower tariffs on American products and the US considers to remove sanctions against Chinese products.

    During the weekend Trump said that strong USD and rate hikes were hurting the economy.



    Leave a comment:


  • MartinWilliams
    replied
    S&P concludes session above 2,800

    Read at: http://bit.ly/2IQ0Xun

    01.03.2019

    On Friday, the S&P 500 boasted solid gains, closing above a major level and neglecting data that indicated decelerating American economic as well as global surge as expectations of a US-China trade agreement kept risk appetite alive.

    Eventually, the Dow Jones Industrial Average soared by nearly 0.43%. As for the S&P 500, it managed to gain by approximately 0.69%, concluding above 2,800 for the first time since November 8. Besides this, the Nasdaq Composite rallied by 0.83%.

    The American economy kept demonstrating signs of deceleration.

    As a matter of fact, in December, consumer spending in the United States, accounting for more than two-thirds of the country’s economic activity, decreased by 0.5%. As for February’s ISM manufacturing data, it confounded hopes for 55.5.

    The dive in personal spending actually represented the most impressive slump since 2009.

    The consumer consumption demonstrating considerable worries going into year-end turns out to be more than sufficient to keep the Federal Reserve on the sidelines for the time being.

    The dismal data arose after the Chinese economy demonstrated a dive in factory activity for the third consecutive month. However, the tempo of the deceleration had speeded down, backing hopes a bottom was already forming.

    Furthermore, sentiment on Wall Street was also backed by signs that Chinese and American negotiators are very close to coming to a compromise.

    Larry Kudlow told that the agreements achieved the previous week show considerable progress on forced technology transfer, IP theft as well as cyber interference.

    In addition to trade, the financial markets were also driven by an ascend in energy shares notwithstanding a dive in crude prices on signs of weakness in the Chinese economy.

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  • MartinWilliams
    replied
    Canadian GDP growth may push the CAD up

    More at: http://bit.ly/2H7HMtv

    28.02.2019

    The level of monthly GDP for Canada is expected on March 1, at 15:30 MT time.

    The level of GDP growth is the broadest measure of economic activity, which indicates economic health. Last time analysts forecast GDP growth to increase by 0.1%. The actual level came out in line with the analysts' expectations. If this time the release is higher than the forecast, the CAD will be supported.

    • If GDP growth is higher than expected, the CAD will rise;

    • If GDP growth is lower than expected, the CAD will fall.

    Leave a comment:


  • MartinWilliams
    replied
    European stock markets are impacted by India-Pakistan clash

    http://bit.ly/2T1zXgi

    27.02.2019

    On Wednesday, European stock markets started lower after fresh hostilities showed up between Pakistan and India, making Asian assets dive and also pushing traders into safe havens, including the Japanese yen.

    The STOXX 600 lost 0.5%. As for the key regional indexes, all of them found themselves in the red. American stock futures for the S&P 500 lost 0.1%.

    Previously, Pakistan told it had delivered air strikes in Indian-controlled Kashmir and also put down two Indian jets.

    Pakistan and Indian currencies and bonds headed south, while MSCI's broadest index of Asia-Pacific stocks outside Japan declined by 0.15% because the threat of conflict between the nuclear-armed countries increased.

    Besides this, financial markets were monitoring the US-North Korean summit, expected to burst out in Hanoi on Wednesday. American leader is going to meet North Korean leader Kim Jong Un, with America urging the isolated country have its nuclear weapons program dismantled.

    The heightened geopolitical risks helped a number of assets considered safer than shares. For instance, one of them is the Japanese yen that soared versus the evergreen buck.

    The evergreen buck kept to a three-week minimum after on Tuesday Fed Chair Jerome Powell repeated that the major US bank had shifted to a more patient stance as for changes to interest rates.

    Meanwhile, in the Forex market, the UK currency kept soaring after Prime Minister Theresa May gave British lawmakers a chance to vote on postponing Brexit. The UK pound was worth $1.3274, having ascended to $1.3288 on Tuesday, which is its highest outcome for five months.

    Crude prices went up following a report that American crude inventories had slipped and producer club OPEC reportedly stuck with its supply cuts notwithstanding pressure from Donald Trump.

    As for gold, it tumbled by 0.17% hitting $1,326.24.

    Leave a comment:


  • MartinWilliams
    replied
    Keeping trades over the weekend: your chance or failure?
    http://bit.ly/2NsEqm2


    Have you ever thought whether to keep a trade open over the weekend? If yes, was a decision like this always profitable for you? If not, maybe you should put off doubts and fears and try it? We have gathered the information you should know about keeping trades over the weekend.

    ----------------------------------------------------------------------

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  • MartinWilliams
    replied
    Dow inches up

    More at: http://bit.ly/2Tk4J38

    22.02.2019

    On Friday, the Dow managed to conclude the trading session up on upbeat mood after American leader told that a trade agreement with China is real.

    As a matter of fact, the Dow Jones Industrial Average soared by 0.70%. As for the S&P 500, it surged by about 0.62%. The Nasdaq Composite rallied by 0.91%. Eventually, the Dow concluded up for an eighth week in a row.

    In a sign that China and America were still committed to coping with their differences on trade, China’s Prime Minister extended his visit to America to proceed with negotiations with American rivals.

    Tech equities rallied due to profits in Intel and Intuit.

    As a matter of fact, Intuit managed to tack on by 6.8% having reported fiscal second-quarter outcomes on Thursday. They topped forecasts made by Investing.com.

    As for Intel, it managed to go up by 2.1% following a positive assessment from Morgan Stanley.

    Morgan Stanley had Intel's stocks upgrade from equal-weight to overweight and also ramped up its price objective from $55 to $64 on hopes that the chip producer is going to be one of the key winners when spending on cloud computing goes up.

    Kraft Heinz went down by up to 27.5% having revealed on Thursday that the SEC had come up with a probe into the company's accounting practices. Moreover, the company also posted a quarterly loss of $15.4 billion.

    Energy equities concluded the trading day up because American crude prices surged on expectations that a US-China trade pact would back global economic surge, thus powering oil demand.

    Western Digital, DISH Network, and Intuit turned out to be amount the top-notch S&P 500 gainers for the trading session.

    Leave a comment:


  • MartinWilliams
    replied
    Bollinger bands

    Bollinger bands represent another useful tool for trend determination. It’s no brainer that if prices decide to trend, they don’t move in a straight line, but deviate to the sides. Bollinger bands are designed to keep track the price’s deviation from the 20-period MA.

    We are going to learn!
    http://bit.ly/2XduFN3

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