Forex daily News FBS

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News to trade on December 27

Check the candles: http://bit.ly/2Rlf3qL

27.12.2018

According to the economic calendar, the most important event for today is the release of the CB consumer confidence at 17:00. Analysts anticipate the decline to 133.7 points. If the actual level of the indicator is higher, the USD will be supported.

If we look at the daily chart of EUR/USD, the pair has been trading sideways. If the CB consumer confidence outperforms the expectations, the bearish pressure will increase. In that case, the pair will fall to the support at 1.1283. Otherwise, the pair will have a possibility to break the resistance at 1.1385 and rise upwards to the next resistance at 1.1470.

As for USD/JPY, the pair has been targeting the support at 110.148. If the USD is supported by the today’s release, the pair will rise towards the resistance at 111.84. If the investors are disappointed by the data, the pair will fall to the support at 110.148.

During the Asian session, the release of industrial profits for China disappointed the investors. The indicator declined by 1.8% (vs. the previous +3.6%). AUD/USD has been falling on the news from China towards the support at 0.6971. If the risk on sentiment increases, the pair will rise to the resistance at 0.7087.

As for NZD/USD, the pair has been falling since the beginning of the day. The next support for the kiwi is placed at 0.6648. If the antipodean currency is supported, it will rise to the resistance at 0.6764.

The oil keeps plunging and therefore makes the CAD weaker. USD/CAD has been rising towards the resistance at 1.3678. If the USD moves down, the pair will be pulled down to the support at 1.3525.

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[SebsCubs]

Bitcoin Retrospective and a Glance into the Future!

2018 looks like a cross-section of the overall bitcoin behavior – unpredicted, volatile, giving big hopes and stealing them within a day. The currency started 2018 with a glorious entrance holding its price at the peak since the creation of cryptocurrencies!

Let’s get learn more about this!
http://bit.ly/2LGcM40
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[SebsCubs]

Technical analysis

Technical analysis (TA) is a method of predicting the future performance of an asset’s price (in our case, the price of a currency pair) on the basis of its historical performance.

In other words, technical analysts study financial charts in order to determine what will happen with the price next.

In contrast to fundamental analysis which is regarding the “value” of the asset, technical analysis is only interested in price, volume and other market information. Some traders use either technical or fundamental analysis, while others combine these two methods to make trading decisions..

Let’s get to learn!
http://bit.ly/2F6GEoZ
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[SebsCubs]

5 INSPIRING STORIES ABOUT MONEY

New Year is a great time to set new goals, create plans and recharge your inspiration. And what can be more inspirational, than a story of success? Forex is a place where everything is possible for everyone. Here are 5 impressive stories of famous traders, who started with very different backgrounds, but have one thing in common – success...

Let’s get learn more about this!

http://bit.ly/2C2JIPM

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[SebsCubs]

LESSON 7. Quotes: pips and big figures

On Forex market, the value of a currency is given in pips.
Pip is an acronym of “Percentage in Point”. It represents the smallest change an exchange rate can make.
Most currencies are quoted to four numbers after the point, so one pip equals to 1/100 of a percent (0.0001)
Let’s get learn!
http://bit.ly/2QwTNdn
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[SebsCubs]

Top events this week will bring us

More at: http://bit.ly/2RB90yx

08.01.2019

5 important event to follow this week!

1. Canadian Trade Balance data (January 8, 15:30 MT time (13:30 GMT)). Trade balance data is important for the Canadian economy and the CAD. That’s why the release may strongly affect the direction of the Canadian dollar.

2. BOC Rate Statement – (January 9, 17:00 MT time (15:00 GMT)). The Bank of Canada is one of the most unpredictable central banks in its decisions. But as usual, the hawkish mood of the BOC will boost the CAD. In the case of the cautious tone, the loonie will decline.

3. BOE Governor Carney Speaks (January 9, 17:30 MT time (15:0 GMT)). Comments by members of central banks are always highly important, especially when they are from heads of the CBs. The UK has been coming to the end of the Brexit saga or not? Encouraging speech of Mr. Carney will support the GBP while dovish mood will pull the GBP down.

4. FOMC Meeting Minutes (January 9, 21:00 MT time (19:00 GMT)). The Fed raised the interest rate in December 2018, however, it didn’t boost the market sentiment. Traders worry about the slowdown in the rate hikes’ pace. If the release is more positive than anticipated, the USD will rise.

5. US CPI figures (January 11, 15:30 MT time (13:30 GMT)). CPI is one of the crucial economic data that is followed by traders all around the world. CPI and Core CPI figures will affect the direction of the US dollar. Everything is simple: if the actual data outperform the forecasts, the USD will rise. Vice versa, the US dollar will depreciate.

Hot topics:

The Parliament vote for the final Brexit deal was postponed from January 11 to January 15. Further postpones? MAY BE.

Theresa May is going to chair a new cabinet committee (the EU exit and trade (preparedness) committee) that has been set up to take charge of the Brexit planning. Among other issues, it will cover planning for a no-deal Brexit.

 

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Trade on the comments by the BOC

More at: http://bit.ly/2CcnPh9

09.01.2019

The Bank of Canada (BOC) will present its monetary policy report and make the rate statement on January 9 at 17:00 MT time.

The market expectations of the rate hike are low, however, the comments by the bank of Canada governor Stephen Poloz may support the Canadian dollar. Last comments by the BOC governor Mr. Poloz were not very certain due to the fall in the oil prices and the trade war between the US and China. As the output cut by the OPEC+ has started since the beginning of the year, the central bank of Canada may sound more confident this time.

• If the BOC is hawkish, the CAD will rise;

• If the BOC is dovish, the CAD will fall.

 

[SebsCubs]

Japan’s wages calculation in GDP will be revised

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

11.01.2019

On Friday, Japan's cabinet told it’s on the verge of amending the calculation of employees’ compensation in the country’s GDP. Moreover, the Japanese government will most likely have its draft budget revised having understated wages data for over a decade because of faulty polling techniques.

The revisions aren’t anticipated to change the tempo of economic surge in Japan. Simultaneously, that’s an embarrassment for Prime Minister Shinzo Abe due to the fact that his cabinet has enacted a number of policies to avert the risk of deflation by simply stimulating wages to go up.

In fact, inaccurate wage data makes it difficult to evaluate whether Abe's policies are really working and could raise questions regarding the credibility of other data, thus leaving Japanese policy makers blind-sided in their attempts to speed up sustainable economic surge.

As some financial analysts pointed out, escaping deflation turns out to be Abe's number one economic objective, and if you’re unable to trust the data you are unable to make rational policy decisions. Last year the Japanese cabinet altered the sampling method for the purpose of improving wages data, and now they’re telling they had the data understated, which is incredible.

On Friday, the Cabinet Office that compiles GDP told that it’s going to uncover revisions for wages in 2016-2017 at the end of January. In February, the Cabinet Office is going to disclose revisions to wages data from 2015 and also earlier.

On Friday, the country’s Finance Minister Taro Aso told that the cabinet won’t probably have its budget draft revised for the next fiscal year to pay for a shortfall of employment insurance benefits provoked by mistakes in Japan’s wage data.

Such a rare move as this probable budget revision would follow the revelation that the labor ministry wrongly calculated employees’ average wages for years.

 

[SebsCubs]

5 important things this week will bring us

http://bit.ly/2SS07hf

14.01.2019

Parliament Brexit Vote - (Tue, tentative) – Theresa May postponed the vote, which was scheduled for December, due to the high probability of rejection by the Parliament. However, that delay did not help the prime minister to raise confidence in the current Brexit deal. If Theresa May loses, there are high risks of the Brexit delay as well as the forced government election and the second referendum. In addition, the possibility of a chaotic no-deal Brexit still exists. A negative outcome will pull the British pound down. Today it is recommended to keep an eye on Theresa May’s speech at 17:30 MT time, where she will comment on the current situation and express her opinion on the parliament vote. Her comments will make the British pound volatile.

US PPI and core PPI m/m – (Tue, 15:30 MT (13:30 GMT) time) – The level of producer price index is expected to decline by 0.1 %, while core PPI will likely advance by 0.2%. Higher-than-expected data will support the USD.

British CPI – (Wed, 11:30 MT (9:30 GMT) time) – The inflation of Great Britain is going down due to the energy prices. According to analysts, the December level will show a decline to 2.1%. If the actual figures are higher, the GBP will rise.

Speech by the Bank of Japan governor – (Thu, 5:20 MT (3:30 GMT) time) – The governor of the most dovish bank Haruhiko Kuroda will make his comments on the monetary policy of the Bank of Japan and the economic conditions of Japan. Any unexpected announcements by Mr. Kuroda will bring excitement to the JPY traders.

Canadian CPI (Fri, 15:30 MT (13:30 GMT) time) – According to experts, the level of consumer price index in Canada will fall by 0.3%. Let’s see if the actual data brings a positive momentum to the Canadian dollar.

Hot topics:

The G20 meeting for finance ministers and central bankers on January 17-18 will be in focus. It will be interesting to hear comments on the current situation in the financial markets.

The slump of Chinese export and import in December added pressure for reaching a deal with the US. According to the recent news, Chinese Vice-premier Liu He plans to travel to the US for the further talks on the trade deal at the end of the month.

 

[SebsCubs]

Trade the British pound on the inflation data

Check the article: http://bit.ly/2TOh0JS

15.01.2019

The level of British consumer price index (CPI) will be released on January 16 at 11:30 MT time.

This indicator accounts for a majority of overall inflation. The data is very important, as the bank of England uses it to measure the inflation level. Last month the index remained at the same level of 2.3%, as it was forecast by analysts. Higher-than-expected data will bring a positive momentum to the British currency.

• If CPI is higher than expected, the GBP will rise;

• IF CPI is lower, than expected, the GBP will fall.