iq option

Banx broker
View previous topicGo downView next topic
Number of messages : 176
Points : 997
Date of Entry : 2016-03-03
Year : 37

Forex Market

on Mon Nov 20, 2017 10:26 am
The new trading week for the forex market starts today with a very light economic calendar, having important economic events only in the European Session. The expected volatility for today is low, in anticipation of other economic data released later during this week. Also US politics may come in play this week and may have an influence on the US Dollar.

These are the main economic events for today in the forex market,European Session :                          

  • Germany Producer Price Index
  • Time: 07:00 GMT

The German Producer Prices index tracks the price development of finished goods and services produced in Germany and sold wholesale. It is also a measure of inflation rate, with rising figures reflecting inflationary pressures, a positive factor for the Euro as in the future the ECB may have to increase the key interest rate to fight inflation. The forecast is for an unchanged figure for the PPI on a monthly basis at 0.3%, a neutral reading.

  • Bundesbank Monthly Report, ECB President Mario Draghi Speech
  • Time: 11:00 GMT, 14:00 GMT, 16:00 GMT

A monthly report with a focus on economic issues, monetary policy, and financial and economic policy issues, which can influence the Euro, as can the speech from the ECB President Mario Draghi.

  • Russia Unemployment Rate
  • Time: 13:00 GMT

The unemployment rate in Russia is expected to rise to 5.1%, a marginal increase from the previous figure of 5.0%. As falling unemployment rates are considered positive for a robust and growing economy this slight increase can be considered neutral or slightly negative for the Russian Ruble, and low to moderate volatility should be expected for the currency.

Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Number of messages : 176
Points : 997
Date of Entry : 2016-03-03
Year : 37

Re: Forex Market

on Tue Nov 21, 2017 9:43 am
Economic Calendar for Tuesday 21st November 2017

This trading week in the forex market has 2 important factors which can influence the Euro and the US Dollar respectively, the uncertainty about German Politics and the US Thanksgiving Day on Thursday 23rd November 2017. The German coalition is now uncertain which may add uncertainty and influence the sentiment of forex market participants, and their risk perception. The US holiday at the end of the week will result in lower liquidity in the forex market, especially for the US Dollar related currency pairs. With lower liquidity some added volatility could be expected.

These are the main economic events which can move the forex market today:

European Session

  • Switzerland Balance of Trade, Spain Balance of Trade

Time: 07:00 GMT, 09:00 GMT

A trade surplus for the balance of trade is positive for the local currencies, the Swiss Franc and the Euro, reflecting a larger amount of exports than imports, and greater demand for goods and services paid in local currency, which should lead to the appreciation of the currency in the future.

  • UK CBI Industrial Trends Orders

Time: 11:00 GMT

A higher than expected or rising figure for the UK Industrial Trends Orders is positive for the British Pound, indicating expansion for the industrial sector. A level above zero indicates growth and expansion.

American Session

  • US Existing Home Sales, Chicago Fed National Activity Index, Fed Yellen Speech, API Weekly Crude Oil Stock

Time: 13:30 GMT, 15:00 GMT, 21:30 GMT, 23:00 GMT

Chicago Fed National Activity Index is used to assess economic activity and inflationary pressure within the country. Positive readings of this index correspond to economic growth above the trend. Negative readings mean the economy is lagging behind the growth trend during this particular month.

The forecast is for a reading of 0.20, higher than the previous reading of 0.17, which should be supportive and positive for the US Dollar. Existing home sales are a key indicator of the housing market demand, with rising figures being positive and supportive for the US Dollar and the economy, reflecting a robust economy and current strong economic conditions.

The API Weekly Crude Oil Stock provide information on the crude inventories and can influence the crude prices as for example If the increase in crude inventories is more than expected, it implies weaker demand and is negative for crude prices. A speech from the Fed Chair Janet Yellen is always important, and can have an impact on the US Dollar with any statements on economic conditions and monetary policy.

Pacific Session

  • RBA Meeting Minutes, RBA Governor Lowe Speech

Time: 00:30 GMT, 09:05 GMT

The statements from the Reserve Bank of Australia Minutes and the speech of the Reserve Bank of Australia can have an impact on the price action for the Australian Dollar, adding volatility as the forex market will focus on any changes related to monetary policy, economic growth and conditions, such as inflation.

Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Number of messages : 176
Points : 997
Date of Entry : 2016-03-03
Year : 37

Re: Forex Market

on Tue Nov 28, 2017 8:24 pm
A mix of good economics and bad politics is holding back the EU economy. On the one hand data shows a slow and steady improvement across a broad swath of the bloc while on the other uncertain politics in key nations has traders on edge. Today’s data is from Germany, a cornerstone of EU industry, and the data is good. The problem is it is not good enough to break the EUR out of near term trading ranges.

The data, Consumer Climate. The German Consumer Climate index held steady from the last month at 10.7 but a tenth shy of expectations. The reading is a miss but still reflects high levels of confidence among the German population. Data within the index shows gains in economic expectations were offset by small declines in wage expectation and propensity to spend. Statements in the press release suggest that while there have been small declines in some areas the index measures all remain at high levels indicative of ongoing and expected economic expansion.

The news helped the euro gain versus the basket of world currencies although gains were not equal across currencies. The EUR/USD was little changed after strong German data was offset by equally strong US data. In the US trade deficits widened but the real news was Wholesale Inventories. Inventories fell by -0.4% versus an expectation for increase of 0.3% and following the previous month’s 0.3%.

This news is good for US economics as it shows a drawdown of current inventories showing both activity in consumption of goods as well as need for increased manufacturing. This pair remains range bound ahead of upcoming central bank meetings scheduled for mid-December. In the near term it is indicated higher after testing support near 1.1900 and may move up to the 1.2000 level.

EUR/USD moved down

The EUR/GBP moved higher on the news, but gains were capped by comments from the BOE. The bank released its stress tests and says that UK banks are well equipped to handle the Brexit. These comments were later reinforced by statements made by Bank Governor Carney at a scheduled event.

The pair moved up to test resistance at 0.8950 and is also winding up within a short-term trading range. Current resistance is near the midpoint of this range and likely significant going into the December central bank meetings. A move above this level will likely go to 0.9000 while a confirmation of resistance could go as low as 0.8850.

EUR/GBP moved higher

The EUR/CAD moved up strongly on today’s Consumer Confidence numbers and extended a 3-week rally. The bad news is that Canadian PPI data showed gains above expectation and capped the move at a long-term resistance line. Canadian data shows strong increases in both raw materials and input prices for industrial production.

EUR/CAD moved up strongly

The IPPI increased by 1.0% in October, double expectations, and is up 1.8% YOY and stronger than the previous read of 1.5%. The RMPI came in at 3.8% and nearly double the expectation, up 6.6% YOY and also above expectation. Resistance is now near 1.5200 and may keep the pair from moving higher.

Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

View previous topicBack to topView next topic
Permissions in this forum:
You cannot reply to topics in this forum