Friday 10-02-2017 Lookback

Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much were expectations met or missed and to examine a successful trade you could have made this week.

Event: Australian Interest Rate Decision

Date: Tuesday 07 February 2017 at 03:30 GMT

Markets affected: AUD/USD, EUR/AUD

Trending hashtags: #aussie, #rba

The Reserve Bank of Australia retained the interest rate at 1.5% even while noting improved global economic conditions and with both consumer and business confidence up. It’s expecting good growth in the major economies and China, Australia’s largest trade partner, showed a strong second half of 2016. The impact of an improved global economy on Australia is due to higher commodity prices. The bank is expecting a 3% rise of GDP over the next two years and for consumption to also pick up.

Event: EIA Crude Oil Stocks Change

Date: Wednesday 08 February 2017 at 15:30 GMT

Markets affected: OIL/USD

Trending hashtags: #crudeoil , #wti, #brent

For the week ending 3 February, U.S. crude oil refinery inputs averaged 15.9 million barrels per day – 54,000 barrels less than the previous week. Imports were up by 1.1 million barrels per day to reach 9.4 million barrels, which was above recent week’s averages. It was also significantly above the same period last year. WTI oil price rose $0.63 from the previous week to $53.81 per barrel – again much higher than this time a year ago, almost $23 a barrel higher.


Event: RBNZ Interest Rate Decision

Date: Wednesday 08 February 2017 at 20:00 GMT

Markets affected: NZD/USD, NZD/JPY

Trending hashtags: #nzd, #kiwi, #rbnz

The Reserve Bank of New Zealand kept the Official Cash Rate at 1.75% after slashing it 0.25% at its last meeting. The Bank noted that financial conditions had improved with long term interest rates lifting. Even with an improving global economy and rise in commodity prices, the bank will continue with an accommodative monetary policy due to uncertainties in global outlook. The NZ dollar rose on the announcement, not necessarily a good thing for balanced growth. Inflation is on target pointing towards a strong local economy.

Event: U.S. Initial Jobless Claims

Date: Thursday 09 February 2017 at 13:30 GMT

Markets affected: EUR/USD

Trending hashtags: #usd, #jobless

The US jobless claims figure took analysts by surprise as it fell to a 3 month low. Those applying for unemployment benefits fell by 12,000 to 234,000 according to the Labor department. The results point to a shortage of skilled workers, with employers holding onto workers and looking to add more to fill demand. The figure took many analysts by surprise who were expecting the claims for the week ended 3 February to be 250,000. This is another signifier to a healthy labor environment for the US.

Trade of the Week

Time in: Wednesday 08 February 2017 at 15:00 GMT
Market : OIL/USD
Investment: $500 with 200:1 leverage
Time out: Wednesday 08 February 2017 at 16:00 GMT

P&L: $1,883

If you had bought the OIL/USD with a $500 margin at the price of 51.49 and closed the deal once after the EIA Crude Oil Stocks Change report which saw the price increase by 1.88%, you might have made $1,883. Note this example does not take into account spread.

 

 

http://www.rba.gov.au/media-releases/2017/mr-17-02.html

http://www.eia.gov/petroleum/supply/weekly/pdf/highlights.pdf

http://www.rbnz.govt.nz/news/2017/02/official-cash-rate-unchanged-at-1-75-percent

https://www.bloomberg.com/news/articles/2017-02-09/u-s-jobless-claims-unexpectedly-fall-to-lowest-since-november

 

The post Friday 10-02-2017 Lookback appeared first on Forex.Info.

Friday 10-02-2017 Lookback

Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much were expectations met or missed and to examine a successful trade you could have made this week.

Event: Australian Interest Rate Decision

Date: Tuesday 07 February 2017 at 03:30 GMT

Markets affected: AUD/USD, EUR/AUD

Trending hashtags: #aussie, #rba

The Reserve Bank of Australia retained the interest rate at 1.5% even while noting improved global economic conditions and with both consumer and business confidence up. It’s expecting good growth in the major economies and China, Australia’s largest trade partner, showed a strong second half of 2016. The impact of an improved global economy on Australia is due to higher commodity prices. The bank is expecting a 3% rise of GDP over the next two years and for consumption to also pick up.

Event: EIA Crude Oil Stocks Change

Date: Wednesday 08 February 2017 at 15:30 GMT

Markets affected: OIL/USD

Trending hashtags: #crudeoil , #wti, #brent

For the week ending 3 February, U.S. crude oil refinery inputs averaged 15.9 million barrels per day – 54,000 barrels less than the previous week. Imports were up by 1.1 million barrels per day to reach 9.4 million barrels, which was above recent week’s averages. It was also significantly above the same period last year. WTI oil price rose $0.63 from the previous week to $53.81 per barrel – again much higher than this time a year ago, almost $23 a barrel higher.


Event: RBNZ Interest Rate Decision

Date: Wednesday 08 February 2017 at 20:00 GMT

Markets affected: NZD/USD, NZD/JPY

Trending hashtags: #nzd, #kiwi, #rbnz

The Reserve Bank of New Zealand kept the Official Cash Rate at 1.75% after slashing it 0.25% at its last meeting. The Bank noted that financial conditions had improved with long term interest rates lifting. Even with an improving global economy and rise in commodity prices, the bank will continue with an accommodative monetary policy due to uncertainties in global outlook. The NZ dollar rose on the announcement, not necessarily a good thing for balanced growth. Inflation is on target pointing towards a strong local economy.

Event: U.S. Initial Jobless Claims

Date: Thursday 09 February 2017 at 13:30 GMT

Markets affected: EUR/USD

Trending hashtags: #usd, #jobless

The US jobless claims figure took analysts by surprise as it fell to a 3 month low. Those applying for unemployment benefits fell by 12,000 to 234,000 according to the Labor department. The results point to a shortage of skilled workers, with employers holding onto workers and looking to add more to fill demand. The figure took many analysts by surprise who were expecting the claims for the week ended 3 February to be 250,000. This is another signifier to a healthy labor environment for the US.

Trade of the Week

Time in: Wednesday 08 February 2017 at 15:00 GMT
Market : OIL/USD
Investment: $500 with 200:1 leverage
Time out: Wednesday 08 February 2017 at 16:00 GMT

P&L: $1,883

If you had bought the OIL/USD with a $500 margin at the price of 51.49 and closed the deal once after the EIA Crude Oil Stocks Change report which saw the price increase by 1.88%, you might have made $1,883. Note this example does not take into account spread.

 

 

http://www.rba.gov.au/media-releases/2017/mr-17-02.html

http://www.eia.gov/petroleum/supply/weekly/pdf/highlights.pdf

http://www.rbnz.govt.nz/news/2017/02/official-cash-rate-unchanged-at-1-75-percent

https://www.bloomberg.com/news/articles/2017-02-09/u-s-jobless-claims-unexpectedly-fall-to-lowest-since-november

 

The post Friday 10-02-2017 Lookback appeared first on Forex.Info.

Friday 10-02-2017 Lookback

Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much were expectations met or missed and to examine a successful trade you could have made this week.

Event: Australian Interest Rate Decision

Date: Tuesday 07 February 2017 at 03:30 GMT

Markets affected: AUD/USD, EUR/AUD

Trending hashtags: #aussie, #rba

The Reserve Bank of Australia retained the interest rate at 1.5% even while noting improved global economic conditions and with both consumer and business confidence up. It’s expecting good growth in the major economies and China, Australia’s largest trade partner, showed a strong second half of 2016. The impact of an improved global economy on Australia is due to higher commodity prices. The bank is expecting a 3% rise of GDP over the next two years and for consumption to also pick up.

Event: EIA Crude Oil Stocks Change

Date: Wednesday 08 February 2017 at 15:30 GMT

Markets affected: OIL/USD

Trending hashtags: #crudeoil , #wti, #brent

For the week ending 3 February, U.S. crude oil refinery inputs averaged 15.9 million barrels per day – 54,000 barrels less than the previous week. Imports were up by 1.1 million barrels per day to reach 9.4 million barrels, which was above recent week’s averages. It was also significantly above the same period last year. WTI oil price rose $0.63 from the previous week to $53.81 per barrel – again much higher than this time a year ago, almost $23 a barrel higher.


Event: RBNZ Interest Rate Decision

Date: Wednesday 08 February 2017 at 20:00 GMT

Markets affected: NZD/USD, NZD/JPY

Trending hashtags: #nzd, #kiwi, #rbnz

The Reserve Bank of New Zealand kept the Official Cash Rate at 1.75% after slashing it 0.25% at its last meeting. The Bank noted that financial conditions had improved with long term interest rates lifting. Even with an improving global economy and rise in commodity prices, the bank will continue with an accommodative monetary policy due to uncertainties in global outlook. The NZ dollar rose on the announcement, not necessarily a good thing for balanced growth. Inflation is on target pointing towards a strong local economy.

Event: U.S. Initial Jobless Claims

Date: Thursday 09 February 2017 at 13:30 GMT

Markets affected: EUR/USD

Trending hashtags: #usd, #jobless

The US jobless claims figure took analysts by surprise as it fell to a 3 month low. Those applying for unemployment benefits fell by 12,000 to 234,000 according to the Labor department. The results point to a shortage of skilled workers, with employers holding onto workers and looking to add more to fill demand. The figure took many analysts by surprise who were expecting the claims for the week ended 3 February to be 250,000. This is another signifier to a healthy labor environment for the US.

Trade of the Week

Time in: Wednesday 08 February 2017 at 15:00 GMT
Market : OIL/USD
Investment: $500 with 200:1 leverage
Time out: Wednesday 08 February 2017 at 16:00 GMT

P&L: $1,883

If you had bought the OIL/USD with a $500 margin at the price of 51.49 and closed the deal once after the EIA Crude Oil Stocks Change report which saw the price increase by 1.88%, you might have made $1,883. Note this example does not take into account spread.

 

 

http://www.rba.gov.au/media-releases/2017/mr-17-02.html

http://www.eia.gov/petroleum/supply/weekly/pdf/highlights.pdf

http://www.rbnz.govt.nz/news/2017/02/official-cash-rate-unchanged-at-1-75-percent

https://www.bloomberg.com/news/articles/2017-02-09/u-s-jobless-claims-unexpectedly-fall-to-lowest-since-november

 

The post Friday 10-02-2017 Lookback appeared first on Forex.Info.

Bullet Report: Trump Shakes the Markets Yet Again | Gold on the Move

The dollar stood atop large gains early today after soaring broadly overnight on comments by U.S. President Donald Trump that he would announce the most ambitious tax reform plan since the Reagan era in the next few weeks.

The U.S. dollar dropped against the CAD on Thursday, despite the release of upbeat U.S. jobless claims data, as rising oil prices lent support to the commodity-related Canadian currency. USD/CAD hit 1.3106 during early U.S. trade, the pair’s lowest since Tuesday; the pair subsequently consolidated at 1.3101, shedding 0.33%.

U.S. stocks finished higher Thursday with the major indexes all notching the latest in a series of record closes, with energy and financial stocks leading the way. Stocks, already in the green, gained altitude on the day and the U.S. dollar climbed after Trump referenced a “phenomenal” announcement about his tax plan coming in the next few weeks. Trump’s pledge to cut taxes are expected to have a stimulative effects on asset values, but the president has been scant on details since he won the election back in November.

The dollar pushed higher against the yen, with USD/JPY rising 0.35% to 112.32 after closing in on 10-week lows in the previous session. Japanese Prime Minister Shinzo Abe and Trump are to hold a two-day summit in the U.S., starting on Friday and trade and currency issues are expected to be in the spotlight.

Gold ended lower on Thursday, pulling back after a five-session streak of gains lifted prices to their highest level in about 13 weeks. Some renewed strength in the U.S. dollar, as well as a rise among most U.S. equities helped to dull the yellow metal’s appeal. Gold fell $2.70, or 0.2%, to settle at $1,236.80 an ounce, giving back most of the 0.3% it gained a day earlier. Prices posted gains in each of the last five trading sessions to settle Wednesday at their highest level since Nov. 10.

The post Bullet Report: Trump Shakes the Markets Yet Again | Gold on the Move appeared first on Forex.Info.

Bullet Report: Trump Shakes the Markets Yet Again | Gold on the Move

The dollar stood atop large gains early today after soaring broadly overnight on comments by U.S. President Donald Trump that he would announce the most ambitious tax reform plan since the Reagan era in the next few weeks.

The U.S. dollar dropped against the CAD on Thursday, despite the release of upbeat U.S. jobless claims data, as rising oil prices lent support to the commodity-related Canadian currency. USD/CAD hit 1.3106 during early U.S. trade, the pair’s lowest since Tuesday; the pair subsequently consolidated at 1.3101, shedding 0.33%.

U.S. stocks finished higher Thursday with the major indexes all notching the latest in a series of record closes, with energy and financial stocks leading the way. Stocks, already in the green, gained altitude on the day and the U.S. dollar climbed after Trump referenced a “phenomenal” announcement about his tax plan coming in the next few weeks. Trump’s pledge to cut taxes are expected to have a stimulative effects on asset values, but the president has been scant on details since he won the election back in November.

The dollar pushed higher against the yen, with USD/JPY rising 0.35% to 112.32 after closing in on 10-week lows in the previous session. Japanese Prime Minister Shinzo Abe and Trump are to hold a two-day summit in the U.S., starting on Friday and trade and currency issues are expected to be in the spotlight.

Gold ended lower on Thursday, pulling back after a five-session streak of gains lifted prices to their highest level in about 13 weeks. Some renewed strength in the U.S. dollar, as well as a rise among most U.S. equities helped to dull the yellow metal’s appeal. Gold fell $2.70, or 0.2%, to settle at $1,236.80 an ounce, giving back most of the 0.3% it gained a day earlier. Prices posted gains in each of the last five trading sessions to settle Wednesday at their highest level since Nov. 10.

The post Bullet Report: Trump Shakes the Markets Yet Again | Gold on the Move appeared first on Forex.Info.

Bullet Report: Trump Shakes the Markets Yet Again | Gold on the Move

The dollar stood atop large gains early today after soaring broadly overnight on comments by U.S. President Donald Trump that he would announce the most ambitious tax reform plan since the Reagan era in the next few weeks.

The U.S. dollar dropped against the CAD on Thursday, despite the release of upbeat U.S. jobless claims data, as rising oil prices lent support to the commodity-related Canadian currency. USD/CAD hit 1.3106 during early U.S. trade, the pair’s lowest since Tuesday; the pair subsequently consolidated at 1.3101, shedding 0.33%.

U.S. stocks finished higher Thursday with the major indexes all notching the latest in a series of record closes, with energy and financial stocks leading the way. Stocks, already in the green, gained altitude on the day and the U.S. dollar climbed after Trump referenced a “phenomenal” announcement about his tax plan coming in the next few weeks. Trump’s pledge to cut taxes are expected to have a stimulative effects on asset values, but the president has been scant on details since he won the election back in November.

The dollar pushed higher against the yen, with USD/JPY rising 0.35% to 112.32 after closing in on 10-week lows in the previous session. Japanese Prime Minister Shinzo Abe and Trump are to hold a two-day summit in the U.S., starting on Friday and trade and currency issues are expected to be in the spotlight.

Gold ended lower on Thursday, pulling back after a five-session streak of gains lifted prices to their highest level in about 13 weeks. Some renewed strength in the U.S. dollar, as well as a rise among most U.S. equities helped to dull the yellow metal’s appeal. Gold fell $2.70, or 0.2%, to settle at $1,236.80 an ounce, giving back most of the 0.3% it gained a day earlier. Prices posted gains in each of the last five trading sessions to settle Wednesday at their highest level since Nov. 10.

The post Bullet Report: Trump Shakes the Markets Yet Again | Gold on the Move appeared first on Forex.Info.

Bullet Report: Trump Shakes the Markets Yet Again | Gold on the Move

The dollar stood atop large gains early today after soaring broadly overnight on comments by U.S. President Donald Trump that he would announce the most ambitious tax reform plan since the Reagan era in the next few weeks.

The U.S. dollar dropped against the CAD on Thursday, despite the release of upbeat U.S. jobless claims data, as rising oil prices lent support to the commodity-related Canadian currency. USD/CAD hit 1.3106 during early U.S. trade, the pair’s lowest since Tuesday; the pair subsequently consolidated at 1.3101, shedding 0.33%.

U.S. stocks finished higher Thursday with the major indexes all notching the latest in a series of record closes, with energy and financial stocks leading the way. Stocks, already in the green, gained altitude on the day and the U.S. dollar climbed after Trump referenced a “phenomenal” announcement about his tax plan coming in the next few weeks. Trump’s pledge to cut taxes are expected to have a stimulative effects on asset values, but the president has been scant on details since he won the election back in November.

The dollar pushed higher against the yen, with USD/JPY rising 0.35% to 112.32 after closing in on 10-week lows in the previous session. Japanese Prime Minister Shinzo Abe and Trump are to hold a two-day summit in the U.S., starting on Friday and trade and currency issues are expected to be in the spotlight.

Gold ended lower on Thursday, pulling back after a five-session streak of gains lifted prices to their highest level in about 13 weeks. Some renewed strength in the U.S. dollar, as well as a rise among most U.S. equities helped to dull the yellow metal’s appeal. Gold fell $2.70, or 0.2%, to settle at $1,236.80 an ounce, giving back most of the 0.3% it gained a day earlier. Prices posted gains in each of the last five trading sessions to settle Wednesday at their highest level since Nov. 10.

The post Bullet Report: Trump Shakes the Markets Yet Again | Gold on the Move appeared first on Forex.Info.

Bullet Report: Trump Shakes the Markets Yet Again | Gold on the Move

The dollar stood atop large gains early today after soaring broadly overnight on comments by U.S. President Donald Trump that he would announce the most ambitious tax reform plan since the Reagan era in the next few weeks.

The U.S. dollar dropped against the CAD on Thursday, despite the release of upbeat U.S. jobless claims data, as rising oil prices lent support to the commodity-related Canadian currency. USD/CAD hit 1.3106 during early U.S. trade, the pair’s lowest since Tuesday; the pair subsequently consolidated at 1.3101, shedding 0.33%.

U.S. stocks finished higher Thursday with the major indexes all notching the latest in a series of record closes, with energy and financial stocks leading the way. Stocks, already in the green, gained altitude on the day and the U.S. dollar climbed after Trump referenced a “phenomenal” announcement about his tax plan coming in the next few weeks. Trump’s pledge to cut taxes are expected to have a stimulative effects on asset values, but the president has been scant on details since he won the election back in November.

The dollar pushed higher against the yen, with USD/JPY rising 0.35% to 112.32 after closing in on 10-week lows in the previous session. Japanese Prime Minister Shinzo Abe and Trump are to hold a two-day summit in the U.S., starting on Friday and trade and currency issues are expected to be in the spotlight.

Gold ended lower on Thursday, pulling back after a five-session streak of gains lifted prices to their highest level in about 13 weeks. Some renewed strength in the U.S. dollar, as well as a rise among most U.S. equities helped to dull the yellow metal’s appeal. Gold fell $2.70, or 0.2%, to settle at $1,236.80 an ounce, giving back most of the 0.3% it gained a day earlier. Prices posted gains in each of the last five trading sessions to settle Wednesday at their highest level since Nov. 10.

The post Bullet Report: Trump Shakes the Markets Yet Again | Gold on the Move appeared first on Forex.Info.

Bullet Report: Trump Shakes the Markets Yet Again | Gold on the Move

The dollar stood atop large gains early today after soaring broadly overnight on comments by U.S. President Donald Trump that he would announce the most ambitious tax reform plan since the Reagan era in the next few weeks.

The U.S. dollar dropped against the CAD on Thursday, despite the release of upbeat U.S. jobless claims data, as rising oil prices lent support to the commodity-related Canadian currency. USD/CAD hit 1.3106 during early U.S. trade, the pair’s lowest since Tuesday; the pair subsequently consolidated at 1.3101, shedding 0.33%.

U.S. stocks finished higher Thursday with the major indexes all notching the latest in a series of record closes, with energy and financial stocks leading the way. Stocks, already in the green, gained altitude on the day and the U.S. dollar climbed after Trump referenced a “phenomenal” announcement about his tax plan coming in the next few weeks. Trump’s pledge to cut taxes are expected to have a stimulative effects on asset values, but the president has been scant on details since he won the election back in November.

The dollar pushed higher against the yen, with USD/JPY rising 0.35% to 112.32 after closing in on 10-week lows in the previous session. Japanese Prime Minister Shinzo Abe and Trump are to hold a two-day summit in the U.S., starting on Friday and trade and currency issues are expected to be in the spotlight.

Gold ended lower on Thursday, pulling back after a five-session streak of gains lifted prices to their highest level in about 13 weeks. Some renewed strength in the U.S. dollar, as well as a rise among most U.S. equities helped to dull the yellow metal’s appeal. Gold fell $2.70, or 0.2%, to settle at $1,236.80 an ounce, giving back most of the 0.3% it gained a day earlier. Prices posted gains in each of the last five trading sessions to settle Wednesday at their highest level since Nov. 10.

The post Bullet Report: Trump Shakes the Markets Yet Again | Gold on the Move appeared first on Forex.Info.

Bullet Report: Trump Shakes the Markets Yet Again | Gold on the Move

The dollar stood atop large gains early today after soaring broadly overnight on comments by U.S. President Donald Trump that he would announce the most ambitious tax reform plan since the Reagan era in the next few weeks.

The U.S. dollar dropped against the CAD on Thursday, despite the release of upbeat U.S. jobless claims data, as rising oil prices lent support to the commodity-related Canadian currency. USD/CAD hit 1.3106 during early U.S. trade, the pair’s lowest since Tuesday; the pair subsequently consolidated at 1.3101, shedding 0.33%.

U.S. stocks finished higher Thursday with the major indexes all notching the latest in a series of record closes, with energy and financial stocks leading the way. Stocks, already in the green, gained altitude on the day and the U.S. dollar climbed after Trump referenced a “phenomenal” announcement about his tax plan coming in the next few weeks. Trump’s pledge to cut taxes are expected to have a stimulative effects on asset values, but the president has been scant on details since he won the election back in November.

The dollar pushed higher against the yen, with USD/JPY rising 0.35% to 112.32 after closing in on 10-week lows in the previous session. Japanese Prime Minister Shinzo Abe and Trump are to hold a two-day summit in the U.S., starting on Friday and trade and currency issues are expected to be in the spotlight.

Gold ended lower on Thursday, pulling back after a five-session streak of gains lifted prices to their highest level in about 13 weeks. Some renewed strength in the U.S. dollar, as well as a rise among most U.S. equities helped to dull the yellow metal’s appeal. Gold fell $2.70, or 0.2%, to settle at $1,236.80 an ounce, giving back most of the 0.3% it gained a day earlier. Prices posted gains in each of the last five trading sessions to settle Wednesday at their highest level since Nov. 10.

The post Bullet Report: Trump Shakes the Markets Yet Again | Gold on the Move appeared first on Forex.Info.