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5 important things this week will bring us!
More at: http://bit.ly/2GOY4aC
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.
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How market sentiment may affect your trading decisions.
http://bit.ly/2Nitpnu
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
More at: http://bit.ly/2EklHX5
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.
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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.
We are going to learn!
http://bit.ly/2DXXXXi
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Dow inches up
More at: http://bit.ly/2TcBhMB
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.
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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.
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Keeping trades over the weekend: your chance or failure?
http://bit.ly/2EhQWkp
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
More at: http://bit.ly/2T38HOr
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.
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Canadian GDP growth may push the CAD up
More at: http://bit.ly/2GOHNU6
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.
https://fbs.com/img/analyticnews/451...x320_q80v3.jpg
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Honestly, is there anyone who has made money with the FBS $50 bonus, just asking?
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S&P concludes session above 2,800
Read at: http://bit.ly/2C2FxEJ
01.03.2019
On Friday, the S&P 500 boasted solid gains, closing above a major level and neglecting data that indicated decelerating American economic as well as global surge as expectations of a US-China trade agreement kept risk appetite alive.
Eventually, the Dow Jones Industrial Average soared by nearly 0.43%. As for the S&P 500, it managed to gain by approximately 0.69%, concluding above 2,800 for the first time since November 8. Besides this, the Nasdaq Composite rallied by 0.83%.
The American economy kept demonstrating signs of deceleration.
As a matter of fact, in December, consumer spending in the United States, accounting for more than two-thirds of the country’s economic activity, decreased by 0.5%. As for February’s ISM manufacturing data, it confounded hopes for 55.5.
The dive in personal spending actually represented the most impressive slump since 2009.
The consumer consumption demonstrating considerable worries going into year-end turns out to be more than sufficient to keep the Federal Reserve on the sidelines for the time being.
The dismal data arose after the Chinese economy demonstrated a dive in factory activity for the third consecutive month. However, the tempo of the deceleration had speeded down, backing hopes a bottom was already forming.
Furthermore, sentiment on Wall Street was also backed by signs that Chinese and American negotiators are very close to coming to a compromise.
Larry Kudlow told that the agreements achieved the previous week show considerable progress on forced technology transfer, IP theft as well as cyber interference.
In addition to trade, the financial markets were also driven by an ascend in energy shares notwithstanding a dive in crude prices on signs of weakness in the Chinese economy.
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5 important things this week will bring us!
Read at: http://bit.ly/2SJyq9E
04.03.2019
RBA rate statement (Tue, 5:30 MT (3:30 GMT) time) – The RBA Governor Philip Lowe is expected to leave the interest rate unchanged at 1.5%. However, the comments by him and the members of the Australian central bank may provide volatility to the Australian dollar.
Australian GDP q/q (Wed, 2:30 MT (00:30 GMT) time) – According to analysts, the level of GDP growth for Australia will increase by 0.5%. Higher-than-expected figures will boost the Australian currency.
BOC rate statement (Wed, 17:00 MT (15:00 GMT) time) – We anticipate no changes to the current level of interest rate (1.75%). The bank of Canada governor may throw some hints on the possible changes to the current monetary policy. If the BOC is hawkish, the Canadian dollar will rise.
ECB rate statement and press conference (Thu, 14:45 and 15:30 MT (12:45 and 13:30 GMT) time) – Here we also do not expect changes to the current interest rate, but the ECB president Mario Draghi may comment on the further changes to the current monetary policy. If the European central bank is more confident in the current conditions, the euro will rise.
US Non-farm employment change (NFP) (Fri, 15:30 MT (13:30 GMT) time) – Analysts forecast the level of NFP to increase by 185 thousand jobs. At the same time, the level of average hourly earnings is forecast to increase by 0.3% and the level of unemployment change is expected to decline to 3.9%. Higher figures for NFP and average hourly earnings and lower figures for unemployment rate will boost the USD.
Hot topics:
Pro-Brexiters in the Conservative party of Great Britain suggested several conditions for supporting Theresa May’s plan at the Parliament.
Reportedly, China and the US are in the final stage of getting a trade deal. China offers to lower tariffs on American products and the US considers to remove sanctions against Chinese products.
During the weekend Trump said that strong USD and rate hikes were hurting the economy.
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Currency cross pairs: how to trade them?
Do you know that opportunities to earn money are not limited by trading your favorite EUR/USD, GBP/USD and USD/JPY? Furthermore, a currency pair may be formed without the US dollar? In this article, we are going to introduce you to the so-called ""currency cross pair"". You will find out the special features of these pairs and learn how to trade them and to avoid mistakes. This information is not investment advice.
Learn with all details
http://bit.ly/2ITkr1o
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China’s exports demonstrate the biggest dive for two years
More at: http://bit.ly/2tPb88m
06.03.2019
In February, China's exports went down following a shocking rebound in January. As for imports, they declined for a third month in a row, backing anxiety over whether China and America can tackle deep differences over trade.
In February, China's exports are anticipated to have slumped by 4.8% from 2018 after January’s 9.1% leap.
Such a tumble would be the greatest since December 2016. It drops a hint at a further weakening in global demand.
In February, imports are anticipated to have gone down by 1.4% from 2018 in contrast with January’s 1.5% dip.
Firmer-than-anticipated imports could enable some China watchers to ascertain that the Chinese economy is demonstrating signs of bottoming out responding to a pack of stimulus measures last year.
However, most experts usually caution that China's data early in 2018 can be extremely distorted by the timing of the Lunar New Year holidays because at that time some businesses speed up their shipments or scale back output prior to shutting for a extended break.
As follows from factory surveys, imports and exports are going to remain dismal in the nearer future, with February's official indicator indicating that export orders tumbled to their weakest value since the global financial downtime.
In February, China's total trade surplus tumbled steeply to $26.38 billion from $39.16 billion in January.
In response to soaring global and domestic pressure, this week the Chinese cabinet uncovered a 2019 economic surge objective of 6.0%-6.5%, down from an actual 6.6% last year, which appears to be the slowest tempo for almost 30 years.
On Tuesday, Premier Li Keqiang told parliament that China is going to shore up the Chinese economy through billions of dollars in extra tax cuts as well as infrastructure spending. What’s more, the Chinese government will decrease real interest rates.
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Evergreen buck rallies to three-month maximums
More at: http://bit.ly/2EKiw9T
07.03.2019
On Thursday, the evergreen buck jumped to three-month peaks versus its counterparts against the backdrop of a dive in the common currency after the ECB came up with the alarm on euro-area surge and pushed back its hopes for a rate lift.
Gauging the greenback’s purchasing potential versus its major rivals the USD index shot up by 0.68% being worth 97.45.
The currency pair EUR/USD went down by 0.77% showing $1.1217 after the ECB pushed back its hopes for a rate lift to the end of 2019, diminished its surge objective for this year from 1.7% to 1.1% and also detailed fresh stimulus measures.
Mario Draghi, ECB governor came up with a dismal assessment of the euro zone economy, telling that a sizeable moderation in surge would proceed in 2019.
In addition to this, GBP/USD went down by 0.61% ending up with $1.3089 against the backdrop of worries that the Brexit deadlock will resume after the European bloc neglected Britain’s latest proposals on the Irish backstop.
In Brussels, British Attorney General Geoffrey Cox came up with the proposals, but they were neglected. The European bloc has provided Cox with time until Friday to have the revised proposals submitted, referring to remarks from European diplomats.
However, many experts have told that the March 29 Brexit deadline will be most probably postponed due to the fact Prime Minister Theresa May won’t win concessions from the European bloc that British lawmakers demand to vote in favor of her withdrawal agreement on March 12.
In addition to this, the currency pair USD/JPY headed south by about 0.19% concluding the trading session at Y111.54. As for USD/CAD, it soared by 0.11% showing C$1.3455.
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American stocks keep diving
Read at: http://bit.ly/2J7IQQR
08.03.2019
On Friday, American shares kept diving for the fifth day after dismal British jobs data in February contributed to fears over decelerating global surge, which was driven by a steep dive in China's exports as well as a prolonged deceleration in the eurozone.
Meanwhile, last month, the American economy generated no more than 20,000 in contrast with hopes that nonfarm payrolls would surge by 180,000. The given data managed to overshadow unemployment rate that dived back below 4% along with the best annual wage surge since 2009.
A common gauge of the health of the American economy, the Dow Jones Transports index headed south by 1.60%, which is its steepest outcome for the last 11 losing marathons.
Fears about global surge escalated after exports in China, the world's number two economy, demonstrated the most impressive dive for three years last month that generated rumors of a trade meltdown.
It shows up on the heels of the ECB downgrading surge estimates and disclosing another round of stimulus.
The technology sector headed south by 0.88% and appeared to be the greatest drag on the S&P 500. As for Facebook, Apple, Netflix, and Amazon, they sank 0.7%-2.5%.
ET, the Dow Jones Industrial Average headed south by 0.75% demonstrating 25,281.34. As for the S&P 500, it slipped by 0.93% hitting 2,723.25. The Nasdaq Composite decreased by approximately 0.90% ending up with 7,354.61.
The energy sector went down by about 2.44% because crude prices went down by 2%.
Aside from that, ExxonMobil inched down by 2%, while Chevron Corp sank by 1%.
In addition to this, Costco Wholesale Corp rallied by 4.56%, which is the most impressive outcome on the S&P.
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American stocks keep diving
Read at: http://bit.ly/2SUEUT7
5 important things this week will bring us!
11.03.2019
US retail sales and core retail sales (Mon, 14:30 MT (12:30 GMT) time) – According to analysts, the level of retail sales will remain the same. At the same time, its core level (excluding automobiles) is forecast to advance by 0.4%. Higher-than-expected figures will support the USD.
British GDP and manufacturing production (Tue, 11:30 MT (9:30 GMT) time) – Both of the indicators are anticipated to rise by 0.2%. If the actual levels of indicators are higher, the British pound will get positive momentum.
US CPI and core CPI (Tue, 14:30 MT (12:30 GMT) time) – Here, we also anticipate the advance of 0.2% for both headline and core indicators. The greater levels will be appreciated by the USD bulls.
US core durable goods orders and PPI (Wed, 14:30 MT (12:30 GMT) time) – The level of core durable goods orders is going to rise by 0.1%, according to forecasts. The forecast for the producer price index is also positive and expected to increase by 0.2%. Let's see if the actual data will make the USD rise.
BOJ monetary policy statement (Fri, tentative) – The most dovish central bank will keep its interest rate unchanged at -0.10%. Moreover, the BOJ governor Haruhiko Kuroda mentioned the further easing of its monetary policy if it's needed. Any unexpected hawkish hints will support the JPY.
Hot topics:
It’s all about Brexit: the British Prime Minister Theresa May is going to face another vote tomorrow at the Parliament. The hopes of backing the current Brexit deal on time are fading, as Theresa May rejected the latest offer from the European Union during this weekend. The forecasts for tomorrow’s vote are not optimistic. According to the latest news, the British prime minister plans to change tomorrow’s vote from meaningful to the provisional. This will provide her an opportunity to propose further changes to the deal. According to the current scenario, if the British PM faces the defeat tomorrow, next day, on March 13, the British lawmakers will vote on a no-deal. If that vote is also rejected, the Parliament will vote on the extension of Brexit deadline on Thursday. Any uncertainties will be hurtful for the GBP during these days. On the other hand, positive news or the Brexit delay will push the GBP up.
The release of Chinese retail sales and industrial production data on Thursday may determine the market sentiment. Latest releases for China raised concerns on the possible slowdown of the second economy in the world. If the data is disappointing, it will result in risk-aversion.
On Friday, lawmakers will vote on a foreign investment law, which includes measures to protect the intellectual property of foreign companies in an effort to address the US concerns in the trade deal with China.
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Gold ascends on Brexit jitters
More at: http://bit.ly/2TvR89S
12.03.2019
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold.
On the Comex exchange, April delivery gold futures went up by 0.41% concluding the trading session at $1,296.35 a troy ounce.
Many experts are assured that Theresa May will fail to achieve the votes required to underpin her withdrawal pact.
If UK lawmakers reject May's agreement, she has pledged a vote on Wednesday on whether to depart from the EU without a deal and, if they vote down it, then there will be a vote for a limited delay to Brexit.
On Tuesday, the uncertainty stimulated demand for the yellow metal even as volatility reigned in the Forex market.
As markets closely watch developments, traders will wait for American inflation data expected to show up at 8:30 AM ET.
Market experts actually expect American consumer prices to match February’s surge, underlining the case for the US major financial institution to stick with its current wait-and-see stance.
Financial markets were still skeptical that the Federal Reserve could proceed with its rate lift in 2019, especially after the employment report revealed poor job creation in February. By the way, Fed fund futures exclude such a move and place the likelihood at above 10% that the next move would be a cut.
Apparently, the pause in policy tightening is beneficial for the yellow metal because it decreases the opportunity cost of holding non-yielding bullion.
In addition to this, silver futures managed to rally by about 0.97% hitting $15.4223 a troy ounce.
Palladium surged by 1.28% showing $1,500.90.
As for copper, this metal inched up by up to 1.10% ending up with $2.933 a pound.
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Chart patterns
http://bit.ly/2UHMbaR
Have you ever felt like the universe is trying to communicate with you by sending various warning signs? Sometimes these signs from the unknown sources help you escape serious troubles or prevent irreparable damage to your belongings. Not every person has a gift to decode the cryptic messages the universe is sending him.
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A chance to trade the Japanese currency
Read at: http://bit.ly/2ObI3xn
14.03.2019
The Bank of Japan will make its monetary policy statement and announce the interest rate on March 15. The bank won’t change its interest rate, but the comments by the bank of Japan governor Haruhiko Kuroda may shake the JPY. During the previous month, the BOJ governor threw hints on further monetary policy easing. This dovish outlook made the JPY suffer. Let’s see where the central bank will drive its currency.
• If the BOJ is hawkish, the JPY will move up;
• If the BOJ is dovish, the JPY will move down.
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Weekly Cryptonews
More at: http://bit.ly/2Css0Gu
15.03.2019
Aaron Olmos, Venezuela’s most outspoken economist: “We are in a complicated situation because ‘good money’ – dollars or cryptocurrency – is available, but it is scarce because people tend to keep it, not spend it. On the other hand our ‘bad money,’ the Bolivar, it’s the one used by law.”
Let's look at how the oldest cryptocurrency has been performing this week. Bitcoin continues trading sideways between the $3,920 and $4,013 levels. Strong bullish pressure will help it to break the current resistance at $4,013 and move towards the next resistance at $4,058. Otherwise, if bears come into play, the digital asset will plunge below the support at $3,920. The next support for it lies at $3,808. If we look at indicators, ADX shows the strength of bears and parabolic SAR demonstrates the downward movement for Bitcoin.
https://fbs.com/img/analyticnews/464...1200_q90v3.png
Important updates:
Tether is not backed by US dollars anymore. The information on its official site says that stablecoin is backed by fiat currencies, cash equivalents, and other assets.
New announces:
Thai stock exchange plans to launch the platform for trading digital assets next year.
London stock exchange listed blockchain ETF by Invesco investment company.
Swiss stock exchange SIX Swiss plans to open trading of the ETP product connected to Ripple.
NASDAQ plans to launch the first full-stack cryptocurrency ecosystem in the first half of 2019.
A bill has been proposed in the state of Texas that would require a person receiving cryptocurrencies as payment to first “verify the identity of the person sending payment.”
Research:
70% of the crypto owners almost never used cryptocurrencies for payments in 2018.
If Facebook launches its stablecoin, the social network will earn from $3 to $19 billion.
Current prices (last update 14:42 MT time)
Bitcoin $4,021
DASH $93.32
Ethereum $138.02
Litecoin: $59.04
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5 important things this week will bring us!
More at: http://bit.ly/2uee5zu
18.03.2019
British CPI y/y (Wed, 11:30 MT (9:30 GMT)) – The level of consumer inflation for Great Britain is expected to remain at the same level. If the actual figures are higher, the GBP will rise.
FOMC statement and Federal funds rate (Wed, 20:00 MT (18:00 GMT) time) – the rate hike is not expected, but the Fed Chair Jerome Powell may provide some comments, which will affect the volatility of the USD.
Australian jobs data (Thu, 2:30 MT (0:30 GMT)) – The level of employment change is anticipated to advance by 15.2 thousand jobs, while the unemployment rate is forecast to remain at the same level. Higher-than-expected employment change and the lower-than-expected unemployment rate will move the AUD up.
BOE monetary policy summary and official rate (Thu, 14:00 MT (12:00 GMT) time) – The Bank of England will keep its interest rate at 0.75%. The BOE governor Mark Carney may make some supportive comments for the GBP amid the Brexit uncertainties. Let’s see if the BOE will move the GBP even higher.
Canadian CPI and core retail sales m/m (Fri, 14:30 MT (12:30 GMT) –If the actual figures are higher, than the forecasts by analysts, the CAD will rise.
Hot topics:
This week we need to be ready for the fresh round of the Brexit news. The British Prime Minister Theresa May will have another Brexit vote at the Parliament. If the Parliament approves the deal this time, Theresa May will go to the European Summit in Brussels to request a short extension to Brexit until June 30. If the Parliament rejects the plan by the British Prime Minister this time, Theresa May will go to Brussels and ask for a much longer extension of the Brexit process. If the requests are rejected by the EU leaders during the European Summit on Thursday, the UK will leave the EU without a deal.
China’s commerce minister says the foreign trade situation becomes more uncertain for the country.
Reportedly, the Saudi oil minister says a possible decision to extend output cuts will be made in June.
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Will the Fed surprise the market?
More at: http://bit.ly/2JooGSH
19.03.2019
The Federal open market committee (FOMC) will make its monetary policy statement and announce the interest rate on March 20, 20:00 MT time. The rate hike will not happen this time, but the Federal Reserve will definitely shake the market with the hawkish comments. During the previous meeting, the Fed Chair Jerome Powell said that the financial regulator would continue its patient approach in conducting the monetary policy. He also pointed out that the current level of the interest rate was appropriate for the US economy now. His dovish comments weakened the USD. Let’s see where the Fed is heading this time.
• If the FOMC is hawkish, the USD will go up;
• If the FOMC is dovish, the USD will go down.
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Greenback rallies on trade war jitters
More on: http://bit.ly/2HKwzQe
20.03.2019
On Wednesday, the evergreen buck went up, attracting safe-haven bids following reports of further tension in US-China trade talks, although its profits were minor, with caution anticipated from the major US bank at its policy gathering later in the day.
Volatility in the Forex market has receded because of a dovish shift by key financial institutions, including the Fed.
The adverse impact on the evergreen buck from the pause in the major US bank’s interest-rate-lifting cycle has been somewhat affected by a cautious ECB having to deal with a struggling euro zone economy.
The Federal Reserve is generally expected to remain its interest rate on hold.
Bets on an interest rate cut have tacked on following Friday’s weaker-than-anticipated manufacturing data.
Notwithstanding the downbeat outlook, on Wednesday, the evergreen buck managed to rally versus the Australian dollar as well as Japan’s yen and the Canadian dollar.
As a matter of fact, the Australian dollar went down by 0.25% concluding the trading session at $0.7070.
Versus a basket of major counterparts, the evergreen buck rallied by 0.1% coming up with an outcome of 96.454 having demonstrated its lowest outcome since March 1 - 96.291.
The vast majority of currencies are still within well-trodden ranges before the Fed verdict.
Some experts told that the evergreen buck might not dive a lot on the Fed gathering because traders have already priced in the Fed scaling back its interest rate outlook.
On Wednesday, the common currency slumped a bit versus the evergreen buck demonstrating a reading of $1.1344.
As for the UK pound, it headed south by about 0.3% showing $1.3220 on fears that Theresa May’s request to postpone Brexit might fail.
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The volatility for the CAD is expected
More at: http://bit.ly/2HyTaQs
21.03.2019
Canada will release the level of core retail sales and CPI on March 22, at 14:30 MT time. CPI represents the change in the price of goods and services purchased by consumers. It's a very important indicator of inflation due to its early release and broad scope. CPI will be released at the same time with the level of core retail sales. Core retail sales show the change in the total value of sales, excluding automobiles. Together, they may provide great volatility to the loonie. Last time, CPI increased by 0.1% (lower than the forecasts), while core retail sales remained at the same level. Will the indicators outperform the forecasts this time?
• If the actual levels of indicators are higher, the CAD will go up;
• If the actual levels of indicators are lower, the CAD will go down.
https://fbs.com/img/analyticnews/468...1200_q90v3.jpg
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Scaling in and out of positions
Imagine, you opened your position, placed stop loss and take profit. What would be your next steps? Well, you may just sit and wait for further market moves. On the other hand, professional traders try to be more flexible while making their trading decisions by scaling in and out opened positions. If you want to trade more like a pro, then this article is for you! Let’s find out what is scaling and how you need to apply it correctly to manage your risks.
Learn with all details
http://bit.ly/2Ol50Ok
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5 important things this week will bring us!
More at: http://bit.ly/2TxBJB9
25.03.2019
The dovish Fed, the slowdown in Europe and Brexit were among the things that moved the market last week. Let’s look at this week’s opportunities.
Rate statement by the Reserve bank of New Zealand (Wed, 03:00 MT (01:00 GMT)) – The rate hike is not expected, but the RBNZ governor Adrian Orr may throw some hints on the possible changes to the central bank’s monetary policy in future.
Speech by the ECB president Mario Draghi (Wed, 10:00 MT (8:00 GMT)) – The European Central bank’s president Mario Draghi will make his speech at the ECB and Its Watchers conference in Frankfurt. We may expect some supportive comments for the EUR.
Canadian trade balance (Wed, 14:30 MT (13:30 GMT)) – According to the forecasts, the trade deficit of Canada will likely show less decline, than in the previous month. If the actual figures are greater, the CAD will rise.
US final GDP q/q (Thu, 14:30 MT (12:30 GMT)) – Analysts expect the American GDP growth to reach 2.4%. If the actual number is higher, the USD will get positive momentum.
Canadian GDP m/m (Fri, 14:30 MT (12:30 GMT)) – Last time the Canadian GDP growth declined by 0.1%. The projections for this week’s release will be published later. Higher-than-expected actual figures will boost the CAD.
Hot topics:
The Brexit tensions continue this week. After the huge protests in the UK during the weekend, the British prime minister started to lose the support amid the members of her own Cabinet. Today, the British lawmakers will vote on whether to come up with alternatives to the Brexit deal. The votes are expected to start at 00:00 MT time. If this motion is done successfully, lawmakers will take part in a series of indicative votes on Tuesday or Wednesday.
The trade talks between the US and China will resume this week in Beijing on March 28-29. A breakthrough in the negotiations will bring support to the risk-weighted assets. Up to now, the sides have been optimistic on reaching a deal soon.
Pay attention to the Boao forum which starts this Tuesday in China. The Chinese officials including Central Bank Governor Yi Gang and Finance Minister Liu Kun are going to speak at the conference. Their comments may affect the risk sentiment in the markets.
Turkey will hold its local elections on March 31. After the sudden plunge of the Turkish lira on Friday, the officials started investigations into JPMorgan Chase & Co. and other banks. Turkish President Recep Tayyip Erdogan warned that bankers, which responsible for speculating against the currency would be punished.
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Is there any hope for the kiwi?
Check it out: http://bit.ly/2CEuKk6
26.03.2019
The Reserve bank of New Zealand will make its rate statement and publish its official interest rate on March 27, at 3:00 MT time. The bank is not going to make any changes to its interest rate, but we need to pay attention to the tone of the statement. During the February's meeting, the RBNZ Governor Adrian Orr said that the current interest rate would be kept at the current level through 2019 and 2020. Despite this dovish statement, he sounded optimistic about the economic outlook. As a result, the kiwi was boosted. Will it happen this time?
• If the RBNZ is positive, the NZD will rise.
• If the RBNZ is negative, the NZD will fall.
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Asian stocks stand still as traders weigh American recession risk
http://bit.ly/2HHp2SP
27.03.2019
On Wednesday, Asian stocks were generally intact because traders tried to come to terms with a steep shift in American bond markets as well as the implications for the world's number one economy.
London's FTSE Frankfurt's DAX and France’s CAC are expected to head north 0.2%- 0.4% when they start.
MSCI's index of Asia-Pacific stocks surged by 0.1%, Japan's Nikkei average headed south by 0.2%.
As for Chinese stocks, they managed to outperform their Asian rivals on hopes that the Chinese cabinet would come up with more measures to back surge after data revealed industrial profits dived the most since late 2011.
The Chinese benchmark Shanghai Composite rallied by 0.5%, while the blue-chip CSI 300 tacked on by 0.8%. Moreover, the Hang Seng inched up by 0.6% in Hong Kong.
On Tuesday, Wall Street's key indexes demonstrated firm revenue, although concluded below their session maximums reacting to the underlying fears about the economic outlook.
Aside from that, the S&P 500 tacked on by 0.72%, while the Nasdaq Composite managed to inch up by 0.71%.
The 10-year U.S. Treasuries gain went up to 2.432% from Monday's 15-month minimum of 2.377%, although the yield curve was still inverted, with three-month bills reporting 2.461%, which is more than 10-year bonds.
The inversion puzzled many traders as this phenomenon has preceded every American downtime for the last 50 years, provoking a drastic selloff in stock markets worldwide late the previous week as well as a stampede into longer-dated American government debt.
In February, home building decreased more than anticipated because construction of single-family houses went down to an almost two-year minimum, while the consumer confidence index by the Conference Board suddenly inched down.
The evergreen buck rebounded to 110.61, from Monday's 1-1/2-month minimum of 109.70.
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China’s March factory activity shrinks for the fourth month
More at: http://bit.ly/2uyCFLG
28.03.2019
In China, in March, factory activity tumbled for a fourth straight month, in a sign that the Chinese economy is still losing steam. It contributed to fears about faltering global surge.
A dismal outcome, coming on the heels of the steepest dive in industrial gain for 7 years, would underline the necessity of greater stimulus as the Chinese government struggles to fix the national economy and resolve a bruising trade conflict with America.
The official Purchasing Managers' Index hit 49.5, soaring a bit from February's outcome of 49.2, although still below the 50 mark, which separates contraction from expansion on a monthly basis.
In March, seasonal factors probably drove the uptick in the factory indicator because factories increased activity after last month’s long Lunar New Year holidays. Besides this, some steel mills have also began to ramp up output as winter smog restrictions are over.
While weakness in the headline result is generally anticipated, policymakers and traders will probably focus on whether there’s any improvement in domestic orders responding to a series of surge boosting measures for the last time.
Export orders will probably stay weak because China's trade-oriented neighbors, including South Korea, Taiwan, and Japan have all faced decelerating demand.
Tit-for-tat levies slapped by China and America remain in place as they keep negotiating their trade issues. However, with the everlasting trade conflict, which has disrupted the flow of billions of dollars of goods between the two leading economies, no one knows for sure whether an agreement acceptable to the partners can be made or not.
On Wednesday, US statesmen told that China and America have achieved progress in all negotiated areas.
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Weekly Cryptonews
Read more: http://bit.ly/2FEujap
29.03.2019
Andreas Antonopoulos, Bitcoin guru: “I would say Bitcoin is the fifth evolution of money in its most abstract form coupled to a new governance model that delivers the purest form of network governance we’ve ever seen.”
Let’s look at the daily chart of Bitcoin. The week has been optimistic for the digital currency. On Tuesday, it bounced from the $3,935 level rose higher. At the moment, the oldest cryptocurrency is targeting the resistance at $4,212. If this level is broken, the next resistance will lie at $4,291. If bears take over the market, Bitcoin will plunge to the support at $4,037. The next support is placed at $3,935. What about indicators? Parabolic SAR shows an upward movement for the digital asset, while ADX demonstrates the strength of bulls. If we look at RSI, we see that the indicator is approaching the overbought zone, if it enters this zone and leaves it, it may provide a short-term selling opportunity.
https://fbs.com/img/analyticnews/475...1200_q90v3.png
New announces:
Japanese online retailer Rakuten and Yahoo! Japan got the government’s approval for launching their own crypto trading platforms.
Linh Thanh Group and KRONN Ventures got a license for the creation of the first regulated crypto exchange platform in Vietnam. At the same time, cryptocurrencies are banned in the country.
Wuabit company develops a crypto wallet for WhatsApp. Does Zuckerberg know about it?
Pantera Capital venture company invested $160 million in crypto exchange platforms and blockchain startups. It’s worth to mention that they planned to gain $15 million more.
Apple announced the launch of a virtual credit card with free support.
Largest railway company of Japan JR East considers starting accepting crypto.
Pay attention:
Kaspersky Lab antivirus company warns about the Lazarus hacker group, which has prepared new scenarios for attacking crypto exchange platforms and their users.
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5 important things this week will bring us!
More at: http://bit.ly/2JVZoMd
01.04.2019
The beginning of the week has brought risk-on sentiment into the market after the continuation of trade talks between China and the US and positive figures of Chinese manufacturing PMI for March. Let’s see what else will impact on the market this week.
US retail sales and core retail sales (Mon, 15:30 MT (13:30 GMT)) – According to analysts, the level of retail sales will rise by 0.3%. At the same time, its core level is expected to advance by 0.4%. Higher-than-expected figures will boost the USD.
Rate statement by the Reserve bank of Australia (Tue, 06:30 MT (04:30 GMT)) – The RBA will not make any changes to its rate which is currently set at 1.5%. However, the central bank may provide some hints on the possible changes to its future monetary policy. As some analysts predict the rate cut soon, it would be interesting to see the outlines of the statement and to consider the moves of the AUD.
US core durable goods orders (Tue, 15:30 MT (13:30 GMT)) – We anticipate the change in the total value of core durable goods orders to increase by 0.3%. If the actual figures are higher, the USD will be supported.
NFP (Fri, 15:30 MT (13:30 GMT)) – Analysts project the level of non-farm payrolls to advance by 175 thousand jobs. The higher level will be appreciated by the USD bulls.
Canadian jobs data (Fri, 15:30 MT (13:30 GMT)) – The level of employment change is expected to decline by 10,000 people, while the unemployment rate is forecast to remain at 5.8%. If the employment change is higher and the unemployment rate is lower than the expectations, the CAD will go up.
Hot topics:
Trade talks between the US and China will continue on Wednesday in Washington. Last week, the Chinese government announced about the extension of retaliatory tariffs on US automobiles and include fentanyl in a list of controlled drugs. This is one of the factors which resulted in risk-on sentiment in the market.
During the early trading session, the release of the Chinese PMI reduced worries about the economic slowdown in the country. The indicator reached 50.5 points (vs. 49.6 points expected). It helped the aussie and the kiwi to get positive momentum today.
British Parliament will hold another round of indicative votes today at 22:00 MT time. The members of the parliament will decide on the future of Brexit. If they fail, the UK will either leave on April 12 without a deal or apply for a longer extension and participate in the European Parliament elections
Pay attention!
From today, MT4, MT5, and FBS Trader platform clock have turned 1 hour ahead.
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Fractals
http://bit.ly/2uGzGRe
A fractal is a pattern in which the same configuration occurs throughout the structure, on a variety of different scales. In other words, it’s a pattern that can be subdivided into similar patterns similar to each other and to the parent pattern.
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Risk hunger continues: US-China deal is in focus
More at: http://bit.ly/2WG5wcI
03.04.2019
Today's risk-on sentiment in the markets was provoked by the anticipation of the trade negotiations between the US and China. The high-level talks resume in Washington as China's Vice Premier Liu He plans to meet with US trade representatives. Last week China made significant progress towards reaching a deal as it announced various concessions. These concessions included an extension of the suspension of retaliatory tariffs on US autos and regulation of the opioid fentanyl.
According to Myron Brilliant, executive vice president for international affairs at the U.S. Chamber of Commerce, 90% of the deal is done at the moment. However, the final 10% is the trickiest part that would require compromise.
What does the final 10% include?
One of the major sticking points is connected with the US enforcement and implementation mechanism. This mechanism will ensure that China follows the outlines of the deal.
Another issue is connected with the removal of the existing US tariffs on Chinese goods. Up to know, the US hasn't responded to this demand.
That is, if these issues remain unsolved, the uncertainties will hurt the risk-on atmosphere in the market.
What about the currencies?
If the sides make positive progress today, the risk appetite in the market will push the NZD, the AUD and the emerging market currencies higher.
Let’s consider the key levels for the New Zealand dollar.
On the daily chart, the NZD/USD pair has bounced from the support at the weekly pivot at 0.6741, which lies close to the 200-day SMA. Up to now, the kiwi is targeting the resistance at the weekly pivot at 0.6833. If this level is broken, the next resistance will lie at 0.6892. In case of the risk aversion, the pair will fall below the 0.6741 level. The next key support will be placed at 0.6682. If we look at indicators, ADX shows the bearish pressure, while Parabolic SAR demonstrates the downward movement.
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NFP will bring volatility to the USD
More at: http://bit.ly/2UibN1w
04.04.2019
The United States will release the level of Non-Farm Employment Change, also known as Nonfarm Payrolls or NFP, at 15:30 MT time on April 5.
The NFP represents the number of employed people during the previous month, excluding the farming industry. This is one of the most important measures of employment in the US. Traders pay huge attention to this indicator, as it makes the greenback extremely volatile after the release. Last time, the indicator reached only 20 thousand payrolls (vs. 180 thousand jobs expected). It weakened the USD. Let’s see if the indicator comes out higher this time.
• If the NFP is higher than expected, the USD will rise.
• If the NFP is lower than expected, the USD will fall.
https://i.imgur.com/Ffbhh5g.jpg
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Evergreen buck is stuck in a range
http://bit.ly/2Igv2lc
05.04.2019
On Friday, the evergreen buck is settling into rather a tight band ahead of the crucial American employment report.
The greenback obtained just short-lived support from Trump’s remarks, indicating that a trade deal is still four weeks away and provided no details about the unresolved issues.
Estimating the greenback’s purchasing potential in contrast with its main peers the USD index hit 96.852, tumbling by 0.1% from its overnight maximum.
The UK pound is also range-bound because the financial markets wait for the result of efforts by UK Prime Minister Theresa May as well as opposition leader Jeremy Corbyn to come to a compromise on an alternative to the Withdrawal Agreement discussed with the European bloc.
The UK currency has been underpinned by Wednesday’s vote that further constrained the UK cabinet’s ability to pick crashing out without transitional deals in place at the end of next week. As for a no-deal Brexit, it still appears to be the legal default, unless the EU members agree unanimously to have the deadline extended. EU Council President Donald Tusk offers a 12-month extension, while French Finance Minister Bruno Le Maire told that there should a persuasive reason.
The common currency is a bit stronger after German industrial output in February went up a bit more than anticipated, taking the edge off Thursday’s downbeat mood over another slump in manufacturing orders. Brexit woes along with the global deceleration have a strong impact on German industry, as some experts explained.
Additionally, the Turkish lira is still pressured after a smaller-than-anticipated ascend in the major bank’s foreign reserves the previous week. Meanwhile, the Japanese yen was a bit weaker after dismal household spending data.
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LESSON 20. Margin, Leverage, Margin Call, Stop Out.
How much money should you have on your account to keep trading? It’s logical that you will need money to maintain open positions.
The necessary sum is called margin. Forex brokers set margin requirements for clients.
Let’s get to learn!
http://bit.ly/2G2aryb
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Will the ECB be hawkish this time?
More at: http://bit.ly/2Iq25mH
09.04.2019
The European central bank will release its monetary policy statement and conduct a press conference on April 10 at 14:45 MT time.
We don’t expect the ECB to change its interest rate which is currently kept at 0%. However, the ECB president Mario Draghi may provide some hints on the possible changes to the current monetary policy amid the global slowdown. Last time his dovish comments on the current economic weakness in Europe pulled the EUR lower. If he is more hawkish this time, the EUR will rise.
• If the ECB is hawkish, the EUR will go up.
• If the ECB is dovish, the EUR will go down.
https://external-bog1-1.xx.fbcdn.net...AC-0oQP32oVVXQ
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The greenback may rise on the release
More at: http://bit.ly/2Us3Nep
10.04.2019
The level of monthly PPI for the US will be out on April 11 at 15:30 MT time.
The indicator represents the change in the price of finished goods and services sold by producers. Last time the indicator came out lower, than analysts’ expectations. The actual figures disappointed the market and weakened the USD. Let’s see if it can support the greenback this time.
• If PPI is higher than expected, the USD will rise.
• If PPI is lower than expected, the USD will fall.
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Scaling in and out of positions
http://bit.ly/2Ol50Ok
Imagine, you opened your position, placed stop loss and take profit. What would be your next steps? Well, you may just sit and wait for further market moves. On the other hand, professional traders try to be more flexible while making their trading decisions by scaling in and out opened positions. If you want to trade more like a pro, then this article is for you! Let’s find out what is scaling and how you need to apply it correctly to manage your risks.
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https://external-bog1-1.xx.fbcdn.net...Cd96e_40Qr8USW