Welcome to Friday 1 June 2018 and the NFP data coming up from the US Its the May report Due at 1230GMT Median consensus from Bloomberg’s survey is for a headline +190K April was +164K Preview via Westpac: Employment growth remains strong in the US, the yearto-date average being ahead of 2017 and materially above
BOC’s Leduc in Quebec The economy is evolving largely as expected Q1 machinery imports bode well for investment growth Developments since April reinforce view that higher interest rates will be warranted to keep inflation near target Saw weak data to start the year but tenor of more recent data has been improved BOC sees trade
The first look at Canada March and Q1 GDP Prior was +1.7% q/q annualized Year-over-year GDP +2.9% vs +2.9% expected March GDP +0.3% m/m vs +0.2% expected April GDP was +0.4% m/m Reuters reports the decline was weighed by a deceleration in household spending, lower exports of non-energy products, and a decline in household investment.
EUR/USD trades back below the 200-hour moving average And that removes the bullish bias in the pair once again. The high today was at 1.1724, just shy of this week’s high at 1.1728 on Monday. Do take note that there are also large expiries at play between 1.1700 to 1.1725 too, but regardless if price
Professor Jonathan Haskel has been appointed as an external member to the central bank’s nine-strong rate-setting committee Haskel will replace outgoing member Ian McCafferty and will begin his three-year term on 1 September. Here’s what BOE governor Mark Carney had to say about the appointment: I am very much looking forward to working with him.
The euro is underpinned once again as Italian assets continue their rebound BTPs are extending gains on the day and the MIB is also near session highs right now, so what was this Italy crisis again? Seems like investors would much rather have a populist government formed today rather than face the prospects of new
USD/CAD Well, the hawkish hold from the BOC was not expected. Concerns over the pressure on the housing market with higher mortgage rates in play were played down. The BOC felt that stronger labour income growth would absorb that pain. You can read the full statement here. Adam pointed out that the statement had some key
Welcome to video #4 of Forex Trading for Beginners — common Forex trading terminologies. This is a free (step by step) trading course that teaches you the …
Capital expenditure (capex) for the first quarter Headline is +0.4% q/q for a miss on estimates …. expected +1.0% q/q prior -0.2% More: Plant, machinery & equipment +2.5% q/q Buildings capex -1.3% q/q 2nd Estimate 2018/19 AUD87.7bn (expected 90.7bn) Latest estimate for 2017/18 is 117.5bn (expected 115.1bn) A softer result all round for business spending
Hello Everyone and Traders! GET THE S123 WAVECALC: http://SimpleForexTrader.Com Today We Upload About : How To Trade FX Forex Live Trading on a 1 …
Rally today gave buyers some control, but more to do The EURUSD rally today, initially stalled near the 100 hour MA (blue line in the chart below). The corrective move stalled ahead of a lower broken trend line. When the news came out that Italian’s Savona might step down as economic minister nominee, saving the
Rises by 2.22% on the day The price of crude oil is settling for the day up $1.48 or 2.22% at $68.21. The high extended to $68.51. The low fell to 66.15. Earlier today, an OPEC spokesperson said that “supply cuts pact to stay in place but level of cuts may be adjusted if needed”.
German Dax up 0.6%. UK FTSE up 0.5% The major European indices rebounded part of their losses from yesterday in trading today: German Dax rose 0.6% France’s CAC rose 0.5% UK FTSE rose 0.5% Spain’s IBEX rose 0.7% Italy’s FTSE MIB rose 2.09% Portugal’s PSI20 rose 1.38% In the 10 year debt sector yields saw
A look at recent price action in cryptocurrencies Since the middle of May and ever since the price of Bitcoin did not test the major resistance level of $10,000 the crypto market has been on a steady downward spiral. The large majority of tokens and small cryptos have been following the price trends of both
EUR/USD almost erases all of its losses from yesterday And the pair is headed for a test of the 100-hour MA (red line) @ 1.1646 at the moment. Italy’s MIB fell earlier to breach negative territory but it was only for a brief moment as bank stocks rebounded and the index is now up by
http://goo.gl/bRKoqt – Click Link Now! Open A Free eToro Account. Social Trading – the smarter way to trade Welcome to the world’s largest investment network.
Bank of Canada must grapple with a long list of worries Key facts: The Bank of Canada benchmark overnight rate is 1.25% Rates were left unchanged at the April 18 meeting (full text) There is no MPR or press conference, just a statement The decision is at 10 am ET (1400 GMT) Canadian dollar traders feel
Hello Everyone and Hello Traders! GET THE S123 WAVECALC: http://SimpleForexTrader.Com Today We Upload About : How To Trade FX Forex Live Trading …
Trump feels the same things… The Canadian Prime Minister adds: Disruption of US_Canada trade means lost US jobs American’s take Canada trade for granted Motivated to get trade deal because of uncertainty Believes there is a win-win scenario on NAFTA Interconnectedness of US-Canada links won’t change. Trump auto tariffs signal US seeks trade concessions Not
100 day MA at 108.178. 50% retracement at 107.995 The USDJPY is down testing its 100 day MA at 108.178. That low has extended to 108.11 but the price action is trying to stall around the key level. On more selling, the 50% of the move up from the March 2018 low is at 107.995.
The price moves below the 61.8% as price continues the ups and downs The NZDUSD is trading to new session lows as “risk off” seems to be driving force. The Dow is down -420 points or -1.7% and the S&P is down -1.28% now. Yields are sharply lower. If the trend continues, the risk/commodity currencies
The June Fed decision is suddenly in play The June 13 FOMC decision is no longer a sure thing. Troubles in Europe, emerging markets and broader markets are weighing on the implied odds of a move. That shift comes despite no change in tone from Federal Reserve policymakers. Fed funds futures pricing now shows a
That’s 1245 GMT Reports are circulating that the Canadian government will buy a pipeline and proposed pipeline from Kinder Morgan. A bit of background: Canada is facing bottlenecks and high costs to get its oil to market because 90% of the pipelines go south to the US but there’s a glut there because of shale,
Some insights on the usage of the Ichimoku indicator The Ichimoku indicator stands out among other technical indicators. It’s just another thing in technical analysis that came from Japan. Its name is translated as “one glance”. The idea is that it allows traders to make a full-fledged judgment about the market after just several seconds
No surprises that the yen is the top gainer on the day as safe haven assets stay bid But oh boy, is the yen ahead of the rest of the major bloc. The dollar index is up by 0.5% on the day but yet USD/JPY is down by more than 0.7% at the moment. That
Comments by St Louis Fed president, James Bullard, in Tokyo US policy possibly at neutral, so Fed should be cautious Inflation expectations are still a bit low It is a question of how far the Fed should go while ECB, BOJ remains on hold Slower pace of rate hikes could re-center expectations Aggressive pace of
National Australia Bank’s head of FX strategy, Ray Attrill, spoke to Bloomberg TV earlier Draghi won’t be too governed by politics Unless he thinks politics will affect the economic side of things Euro weakness has been more of a welcome development Compared to strength last year which posed a threat to their inflation objectives If
Comments by PBOC governor, Yi Gang, at a conference in Beijing Will focus on opening up financial sector to both domestic and foreign players Pace of opening up should be in line with regulation capabilities Financial businesses have to operate with proper licenses Market-oriented exchange rate mechanism is a stabiliser for cross-border capital flows There’s