Thread: Forex daily News FBS

5 important things this week will bring us!

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18.02.2019

FOMC Meeting Minutes (Wed, 21:00 MT (19:00 GMT) time) – The Federal Reserve announced the “patient” way of its monetary policy and decided to leave its interest rates unchanged during the last meeting in January. The minutes from that meeting will shed more light on the current economic outlook by the Fed. If it contains any supportive data for the greenback, the American currency will go up.

Australian jobs data (Thu, 2:30 MT (00:30 GMT) time) – the level of employment change is expected to advance by 15.2 thousand jobs. At the same time, the level of the unemployment rate is forecast to remain at the same level of 5%. If employment change is higher and the unemployment rate is lower than the forecasts, the AUD will go up.

US headline and core durable goods orders (Thu, 15:30 MT (13:30 GMT) time) - According to analysts, the level of durable goods orders will increase by 0.8%, while its core level will rise by 0.2%. The higher-than-expected figures will push the USD higher.

Canadian retail sales and core retail sales (Fri, 15:30 MT (13:30 GMT) time) - The headline indicator will likely remain at the same level. As for core retail sales, analysts expect it to decline by 0.5%. If the actual releases are higher, it will help the Canadian dollar to rise.

Speech by the ECB president Mario Draghi (Fri, 17:30 MT (15:30 GMT) time) – the ECB president will speak as he accepts an honorary degree from the University of Bologna. His comments or answers to the questions may provide an opportunity to trade the euro.

Hot topics:

Theresa May plans to dispatch her ministers across Europe during this week in an attempt to save her Brexit agreement and ask the EU members to make concessions so that the party can vote for a re-written deal. She still has 9 days left before the vote in the Parliament on February 27. If her attempts are unsuccessful by that date, the Parliament will take over the process.

Reportedly, the US and China have made great progress in trade negotiations last week. Next round of the talks will continue in Washington. Hopefully, they provide us with more clues on the conditions of the deal.

Trump released declaration of a national emergency along the U.S.-Mexico border in an attempt to get funds for building a wall along the US-Mexico border. This news affected the USD negatively.

How market sentiment may affect your trading decisions.

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When you read or watch the analysis, you often face with the following statement: “it is recommended to trade on the market sentiment.” Are you surprised that the market has its actual feelings? Of course, it does! As the market is literally a crowd of different players, most of which are actual human beings, it has a really strong psychological basis. Financial markets are driven by emotions, which are used by smart traders to earn money. In this article, we are going to help you to understand the types of market sentiment and its measurements.


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Evergreen buck goes down ahead of Fed minutes

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20.02.2019

On Wednesday, the evergreen buck slumped versus the common currency and the UK pound because a dive in American Treasury gains diminished its attractiveness in the face of hopes for dovish news on interest rates from the major US bank.

Bond gains were pressured by economic data, which have clung to the weak side for the last time. For the last month the 10-year benchmark Treasury yield has gone down from 2.80% to 2.64% against the backdrop of uncertainty over how far the major US financial institution can afford tightening monetary policy.

Such uncertainty definitely makes Wednesday special, as traders are waiting for the publication of the minutes from the recent Fed gathering, where the major American financial institution opted for a more neutral as well as data-dependent stance, giving up its previous guidance about the probability of further interest rate lifts.

Investors are going to look for clues about how fast and how far the major US bank is about to have its balance sheet reduced. The Cleveland Fed President, Loretta Mester told that she appreciated the idea of ending the balance sheet wind-down in 2019 because such an outcome could potentially leave a considerable amount of crisis-era liquidity in the system, neutralizing any leap in market interest rates. Moreover, she added that official interest rates would most probably ascend rather than tumble.

Estimating the purchasing potential of the greenback versus a number of its main peers the USD index hit 96.333, slumping by 0.5% from its overnight maximum. The common currency was close to a one-week maximum at $1.1351 because German producer price inflation data for January turned out to be higher than anticipated.

Overnight the Chinese Yuan managed to ascend by about 0.5% versus the evergreen buck hitting 6.7227.

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.

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Dow inches up

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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.

5 important things this week will bring us!

http://bit.ly/2XnXYg4

25.02.2019

British Inflation report hearings (Tue, 12:00 MT (10:00 GMT)) – the Bank of England Governor Mark Carney will testify on the current economic outlook and inflation. The hawkish hints may be supportive for the British pound.

Testimony by the Fed Chair Jerome Powell (Tue, 17:00 MT (15:00 GMT)) – The Fed Chair will testify on the Semiannual monetary policy report. His comments and answers during the q&a may bring volatility to the USD.

Canadian CPI m/m (Wed, 15:30 MT (13:30 GMT)) – According to forecasts, the consumer inflation will advance by 0.2%. If the actual figures are higher, the Canadian dollar will rise.

US Advance GDP q/q (Thu, 15:30 MT (13:30 GMT)) – Analysts expect the indicator to reach 2.6%. Higher-than-expected data will boost the greenback

Speech by the Fed Chair Jerome Powell (3:15 MT (1:15 GMT)) – the Fed Chair plans to make a speech on the topic “Recent Economic Developments and Longer-Term Challenges”. Let’s wait and find out how his comments will affect the USD.

Hot topics:

Theresa May postponed the Brexit vote scheduled for this week again. Now the next meaningful vote is set on March 12. That’s just two weeks before the final deadline on March 29. Reportedly, the government plans to delay Brexit for two weeks, if the British Prime Minister Theresa May cannot secure a deal by the meaningful vote. As for the EU side, the EU authorities suggest extending Brexit until 2021.

During the early Asian trading session, US President Donald Trump announced his plans to postpone tariff hikes on China. It resulted in a great risk-on sentiment. The next focus for the trade truce now is on the meeting between Mr. Trump and Mr. Jinping during the 3rd or the 4th week of March.

Keeping trades over the weekend: your chance or failure?
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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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European stock markets are impacted by India-Pakistan clash

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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.

Canadian GDP growth may push the CAD up

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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.

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