Bullet Report: BoE keeps rates unchanged, US data in Focus today

Share This: Today’s calendar attributes numerous vital United States data consisting of CPI Inflation as well as Consumer Self-confidence for September. Yesterday’s data from the US (Retail Sales) was weaker than expected which contributed to issues concerning the FED not raising prices this year whatsoever. Financial markets are now pricing a 10% chance of a price trek on September21st and also 50% for December. In addition, the BoE and also SNB both maintained their plans the same, however when it comes to the BoE, it left the door open up to more price cuts this year, something that placed stress on the GBP. Currencies: Dollar is mixed as the markets remain to reduce expectations of a price hike following week. The weakest moneys this weak continue to be the CAD, which is pushed reduced by declining oil prices. GBPUSD has in fact additionally been under extreme stress as the BoE signaled additional price cuts this year. < a href=" https://www.easymarkets.com/eu/trade/forex/eur-usd/" > EURUSD got to a session high of 1.1283 before working out now at 1.1240. On the whole, varieties are tight, and no clear instructions is yet being figured out. Emphasis will rely on this mid-days United States information releases prior to next weeks FED choice. Supplies: United States Supplies completed higher the other day, motivated by a rally in Apple Stocks: Dow Jones closed 1% greater, very same as the SP500, while Nasdaq closed 1.5% led by innovation stocks. Oriental supplies complied with suit, as Nikkei shut 0.5% higher while the ASX in Australia was up 1.1%. Oil as well as Gold:Oil costs underwent another day of losses, as Nigeria and Libya stated they will certainly raise their output, something that will likely affect rates downwards. On the Brand-new York Mercantile Exchange, light, wonderful crude futures traded at $43.61 a barrel, down 30, or 0.7%. Brent crude on London’s ICE Futures exchange fell 33 cents, or 0.7%, to $46.26 a barrel. Gold costs dropped to a 2-week reduced of $1313 as unpredictability over the FED choice next week, brought about investors liquidating their placements. Gold deals with a solid support at $1304 and solid resistance lies at $1333. Item Update: We have in fact introduced market notifies on the < a href=" https://www.easymarkets.com/eu/" > easyMarkets Platform. Whenever there is a New 30-90-365 day high or reduced, an appear alert will certainly appear letting you know of this. In this manner we ensure you are aware of all crucial market advancements, in genuine time. The message < a rel= "nofollow" href=" http://forex.info/bullet-report-boe-keeps-rates-unchanged-us-data-focus-today/" > Bullet Report: BoE keeps prices the same, US information in Emphasis today showed up preliminary on < a rel="nofollow" href="http://forex.info" > Forex.Info.

Trader Fact Files – William Delbert Gann

Share This: More popularly known as WD Gann for the development of technical analysis tools known as Gann Angles, William Delbert Gann created these market forecasting methods based on principles of geometry, ancient mathematics, astronomy, and astrology. Simply put, these Gann Angles are calculated using the derivative of a particular line on a chart, with each angle dividing time and price into proportionate parts. The more complex applications of these forecasting techniques are outlined in his book called The Basis of My Forecasting Method. Apart from that, he also wrote a number of trading manuals namely Truth of the Stock Tape, Tunnel Thru the Air, Wall Street Stock Selector, New Stock Trend Detector, How to Make Profits in Commodities, 45 Years in Wall Street, WD Gann Economic Forecaster, and How to Make Profits Trading Puts and Calls. Career Gann started trading in 1902 at the age of 24. Interestingly enough, he didn’t have a finance background or even graduated from high school, as his education was mostly in religion. He was born into a cotton farming family and this helped him gain a strong understanding of the commodities market. His foray into the financial markets started with a brokerage firm in Texarkana before he eventually moved to Brand-new York City to work at a Wall Street firm. Soon after, he opened his own brokerage WD Gann & Company. Gann also published daily newsletters called The Supply and Demand Newsletter in which he covered forecasts for stocks and commodities, followed by another publication called The Busy Man’s Service which contained specific trade recommendations. In 1931, Gann became a member of the Brand-new York Stock Exchange rubber and the Brand-new Orleans Cotton Exchange. Ten years later, he became a member of the Chicago Mercantile Exchange. Around that time, Gann also showed some fascination with planes, which some speculated was used to further his observations of astrology, numerology, and other arts. Rumor has actually it that he even visited the Aztec and Mayan pyramids which he believed to have contained encoded advanced astrological knowledge. Although market experts are divided on the effectiveness of his Gann forecasting techniques, he was able to sell a master course for $5,000 for private mentoring. In addition to predicting market price action, his trading techniques also delved into risk management rules such as not risking more than 1% of your account on a single trade, using stop losses, trailing stops to protect profits, trading only active markets, using market orders to exit a trade, and distributing risk equally across various asset classes. Facts Gann’s forecasting techniques were mostly rooted in the idea that history repeats itself, even repeatedly quoting Bible verses that supported this view. “To make a triumph you must continue to study past records, because the market in the future will be a repetition of the past. If I have the data, I can tell by the study of cycles when a certain event will occur in the future. The limit of future predictions based on […]

Bullet Report: BoE and SnB in Focus today. US Retail Sales in focus

Share This: There are several market moving events in the calendar today, including 2 Central Bank Rate Decisions and US Retail Sales. Bank of England is widely expected to keep the rates unchanged along along with its stimulus package set at 435billion GBP. The Swiss National Bank is likewise expected to keep their policy unchanged at -0.75%. US Retail Sales will be closely watched in the afternoon. While US Rate expectations for September (next week) are rather low, the news today will confirm whatever the decision next week will be.  Currencies: The GBP gave back some of its big gains this month versus the USD as it dropped from 1.3443 highs to 1.3138 before bouncing to 1.3242 at time of writing. However, it need to be noted that economic data from UK have actually been pretty solid so far and suggested that sentiments generally recovered after the Brexit referendum. EUR/CHF is holding constant in range of 1.08 and 1.10. SNB will likely maintain a neutral stance in the accompanying statement too and leave room for further policy actions. USDJPY fell overnight from 103.34 in the EU session to 102.30 at time of writing. Overall, there are no clear trends in the market, something which will likely stop next week, along with the release of the FED decision. Stocks: Asian stocks experienced their 6th consecutive day of losses as fears over global monetary policies rose ahead of the key meetings of Japan and the US FED next week. The Nikkei 225 fell 1.20%, the S&P/ASX 200 eased 0.22% and the Composite was down 0.68%. Overnight, US Stocks were mixed after the close on Wednesday along with the DJ losing 0.18 to hit a brand-new 1-month low, while the SP500 fell 0.06 and Nasdaq adding 0.36%. Oil and Gold: Oil prices were hammered yesterday, along with Crude falling 4% to $43.58 in response to a surprise buildup in inventories. On Tuesday, crude futures settled down 3 percent after the world’s energy watchdog and OPEC both revised forecasts that signaled the global crude glut could persist much longer than expected. Gold had a relatively calm session along with prices hovering between $1321 and $1325. Product Update: We have actually launched market alerts on the easyMarkets Platform. Every time there is a brand-new 30-90-365 day high or low, a pop up notification will appear letting you know of this. This way we ensure you are aware of all important market developments, in real time. For more information, reply to this email or live chat along with us. The post Bullet Report: BoE and SnB in Focus today. US Retail Sales in focus appeared initial on Forex.Info.

Helicopter Money Q&A

Share This: After years of massive economic stimulus, the Bank of Japan (BOJ) could become the first central bank to adopt “helicopter money” in an attempt to jolt the economy out of stagnation. This highly unconventional policy approach has drawn the ire of many in the market community. In this Q&A we explore why this might be the case. What is Helicopter money? Helicopter money was first coined by American economist Milton Friedman in a famous paper called “The Optimum Quantity of Money.” The paper, which was published in 1969, sets out the following parable: “Let us suppose now that one day a helicopter flies over this community and drops an additional $1,000 in bills from the sky, which is, of course, hastily collected by members of the community. Let us suppose further that everyone is convinced that this is a unique event which will never be repeated.” In its most theoretical form, helicopter money involves giving cash directly to residents, who will then use it to stimulate the economy. According to Paul Sheard, chief global economist at S&P Global, in today’s context helicopter money refers to a “kind of monetary policy and fiscal policy coming together as one thing.”[1] From there, the concepts of helicopter money become more and more complex. In modern times, helicopter money is likely to include direct transfers into people’s bank accounts, tax breaks or government spending.[2] Does helicopter money work? Nobody knows for sure because it hasn’t been tried yet. The idea is that people would see the money transfer as a one-off payment, which would allow them to spend more freely, thereby expanding the amount of money in circulation.[3] How is it different from other forms of quantitative easing? Modern quantitative easing programs, such as the current BOJ effort or the Federal Reserve’s massive bond-buying program that ended in 2014, involve massive purchases of assets from the financial markets. Rather than carrying purchases via asset swaps (i.e., where a government bond is swapped for bank reserves), helicopter money directly influences aggregate demand instead of relying on the trickle-down effect from the financial markets.[4] Why is the BOJ considering this policy?The Bank of Japan is currently running one of the biggest stimulus programs of all time, but the results have been largely disappointing. Nearly four years since Prime Minister Shinzo Abe announced his “three arrows” of fiscal stimulus, monetary easing and structural reforms, Japan’s economy finds itself in a perpetual state of low growth and non-existent inflation. Economic growth slowed to a standstill in the second quarter, while inflation has been in negative territory (i.e. deflation) for five consecutive months.[5] The overarching goal of the so-called “Abenomics” program is to end deflation once and for all. This means mobilizing monetary policy and fiscal policy in one push. How likely is it that Japan will adopt helicopter money? According to experts, helicopter money is a likely outgrowth of Japan’s existing policy framework. Are there other central banks considering this approach? At the present time, only the BOJ is […]

Bullet Report: Markets Could Crash Further According to this Index

Share This: After a relatively calm start to the week, volatility has actually returned to the market. Most action is seen in Stock markets, along with the global selloff sparking concerns. Yesterday was the 5th consecutive day of decline s in stock markets and the SP500 has actually touched a 2-month low.   Currencies: USD/JPY rallied to 103.20, despite a collapse in stock markets, as the BoJ reported that it is considering cutting rates further. The rally yesterday pushed the USD/JPY to almost 200 pips higher compared to yesterday’s low.  The Euro continues trading in a range of 1.1210 to 1.1250. GBP however has actually been a big market mover as the Pound dropped almost 170 pips from its highs yesterday following news that UK inflation was lower than what analysts expected. A lower inflation number diminishes chances of higher interest rates in the future, which normally make a currency more valuable. AUD/USD rose from 0.7440 to a higher of 0.7490, while NZD/USD rallied from 0.7230 to 0.7270. Stocks: As mentioned above yesterday was the 5th straight day of declines in stocks which are trading at 2 months’ lows. Even more worrying is the fact that the Volatility Index, often used as a measure of fear in the market has actually jumped to about 20%, indicating that investors are increasing ideal that stocks could suffer a near term shock. Since mid-July, this index has actually been hovering to around 12. Oil and Gold: Oil prices slumped 3% amid projections from the Global Energy Agency that said slowdown in global oil demand growth has actually accelerated in the 3rd quarter this year, yet additionally due to the stock markets selloff. Gold endured another day of losses along with the yellow metal reaching as reasonable as $1313. Noteworthy is that gold has actually almost lost all its gains ever since last week’s NFP which saw the yellow metal climb from $1304 to above $1350 before trading at these levels now. Tomorrows highlights include the BoE Rate Decision, as well as US Retail Sales. Both will ensure a lot of price action in the market.  The post Bullet Report: Markets Could Crash Further According to this Index appeared very first on Forex.Info.

5 Reasons to Try the easyMarkets Platform

Share This: Mercedes Pantazi, Customer Support Manager, easyMarkets Choosing the right financial broker can be a daunting task, especially for brand-new and inexperienced traders who aren’t familiar with the market. Over the past 13 years, the Cyprus-based easyMarkets has actually emerged as a premier platform for both brand-new and experienced traders looking for reliability, ease of use and a reputable broker in which to deposit and withdraw their funds. Below we look at five reasons every trader should give the easyMarkets platform a try. Reputable broker with a proven track record There are two general rules that traders should follow when selecting any financial broker. The first is the broker should be fully regulated. Secondly, it must have a proven track record offering brokerage services. easyMarkets passes both criteria with full marks. The broker is fully regulated and licensed by the Cyprus Securities & Exchange Commission (CySEC), which has actually been passported in the European Union through MiFID and in Australia by ASIC. Unlike the vast majority of brokers, easyMarkets has actually been in operation for 13 years – a rare feat in an industry with extremely high turnover. Access to over 300 markets easyMarkets earned its reputation for its currency trading platform, where traders can access hundreds of forex pairs with tight fixed spreads and execution guarantees on stop loss and take profit orders. However, forex is just the tip of the iceberg. The broker also offers direct access to the global commodity, stock index, vanilla options and Contract for Difference (CFD) markets, allowing traders to diversify across a range of asset classes. The platform includes a wide range of commodity (i.e. energy, metals and agriculture) and stock index options. A unique attribute of CFDs is they allow leverage on your investment, which means that traders may magnify their earnings on a winning trade. However, this feature also increases your risk. Easy to use platform loaded with best-in-class features The easyMarkets MetaTrader4 platform was designed with the professional trader in mind, but was built to accommodate brand-new and inexperienced market participants. This fine balance meant designing a powerful platform with all the bells and whistles coveted by experienced traders, but with the accessibility to appeal to novice traders. From the moment you log on to MetaTrader4 to the time you execute a position and liquidate your account, the easyMarkets platform offers a simple, easy to use interface. The MetaTrader4 platform is available in web, desktop and mobile platforms, allowing you to take the financial markets with you wherever you go. Traders also receive access to fixed spreads, free guaranteed stop loss and negative balance protection – essential tools for risk management. Industry-leading dealCancellation feature Hate losing a trade? The easyMarkets dealCancellation feature could be exactly what you’re looking for to trade the markets risk-free. dealCancellation gives traders the power to cancel a losing deal within 1 hour and have any losses returned to their accounts. This feature is ideal for traders looking to trade the biggest events on the […]

Bullet Report: FED official comments pushes Gold higher and the Dollar lower

Share This: Last night Chinese data was rather strong as retail sales, industrial production and investments all rose above consensus. Additionally last night, FED member Brainard played down the chance of imminent rate hikes as her comments suggested that the Fed is not ready to hike in next week’s meeting. Her comments sparked volatility in a generally subdued session up until that time.  Currencies: There is still lack of direction In the markets as there hasn’t been any market moving data to give rise to speculation as to a rate hike on September 21st. Nevertheless, Thursday will feature the US Retail Sales report that is an important indicator of the health of the US economy, so volatility may be just around the corner. EUR/USD consolidated between 1.1225 and 1.1240, while GBP/USD traded 1.3315-40. USD/JPY was slightly more volatile, as it fell from 102.00 to 101.40 in the early part of the Asian session, however managed to bounce from there and rallied back to 102. Stocks: Asian stock markets rose after much better than expected economic data from China. Retail sales and industrial production both increased more than analysts had anticipated. DJIA closed up 239.62 pts, or 1.32%, at 18325.07. S&P 500 closed up 31.23 pts, or 1.47%, at 2159.04. Stocks rose after comments broke out that the FED might not raise rates next week. Oil and Gold: Gold rose $10 on Monday jumping to $1330 from $1320 after the USD weakened following FED’s Brainard’s comments. Oil on the other hand. Oil on the other hand fell 0.82% to $45.91 a barrel after OPEC revised up its output forecast from non-member countries for 2017. The post Bullet Report: FED official comments pushes Gold higher and the Dollar lower appeared initial on Forex.Info.

Hot Topic – Fed Rate Hike for September?

Share This: Here’s how the markets are responding • Major global indices are taking a hit following the selloff of US stocks. • In Asia, the Nikkei fell 1.5%, the Hang Seng dropped 2.5% and the Shanghai SSE is down 1.6%. • US stocks dropped 2.5% on Friday – the biggest decline we’ve seen since the Brexit referendum. So what’s got the market shaking like a leaf in Autumn? • A number of Fed members have actually signaled that a rate hike is on the cards this year and it could happen this month • While some members’ comments have actually been more dovish about a hike in September, overall the probability of a hike has actually gone up from 18 to 24% • Most central banks have actually kept their rates unchanged as they take a wait-and-see approach • The European Central Bank, and both the Banks of Australia and Canada have actually been following this strategy • On Thursday, the Bank of England is announcing the monetary committee’s decision though after August’s rate cuts, it’s expected to follow match along with the others central banks and keep the status quo. Other data this week to be aware of: • On Wednesday we have actually the UK job data report • As mentioned previously, on Thursday we have actually the Bank of England rate decision and additionally the UK retail sales. • additionally on Thursday we have actually US retail sales and on Friday the US CPI – both of these figures will certainly be closely watched by US dollar traders as they try to predict the Fed’s next stance. What do you believe the Fed will certainly do and how will certainly you trade it? Comment below and share your insights. The information Hot Topic – Fed Rate Hike for September? appeared very first on Forex.Info.

ECB maintains interest rate at record low levels

Share This: European Central Bank (ECB) kept Eurozone’s interest rates at the same levels, but reiterated its readiness to react in the near future and called for national economies within the bloc to step up their efforts to assist growth. Given suggestions that the UK’s recent referendum result to exit the European Union is not having such a great impact as initially forecasted, the ECB decided to keep the Eurozone’s main interest rate at zero. However, the Bank’s President Mario Draghi said that inconsistency, fears surrounding Brexit, and the overall pessimistic sentiment are big enough reasons to hold back economic growth and hence the release of the downwards-adjusted economic outlook. Together along with keeping the interest rate unchanged, the ECB likewise made no adjustments to the current monthly schedule involving the purchase of €80 billion worth of bonds which is part of its Quantitative Easing (QE) programme. The statement said that QE would certainly continue until the initial quarter of 2017 as scheduled and could be extended if necessary surprised the markets as there were forecasts for the publication of a more precise timeline for its extension. The ECB President repeated themselves that ECB remains on standby to increase its monetary stimulus if necessary in order to adjust inflation towards its 2% target, while at present the inflation rate is at 0.2%. Following the ECB’s meeting back in March and the unveiling of a package of monetary measures, the interest rate was adjusted since then to a record low. The package likewise included the trim of borrowing costs and the lowering of the bank deposit rate further into negative territory, and since then the QE programme has actually been expanded to the current €80 billion purchase of bonds on a monthly basis. During his conference, Mario Draghi said that the current economic measures are effective and reassured the markets that there are more measures available for use in case that inflation fails to move upwards. He explained that the ECB aims to carry out its QE programme smoothly by creating e-money for purchasing debt and said that there was no discussion for expanding the programme to include the purchase of stocks or the printing of money for large projects within the bloc’s nations. As part of the ECB’s efforts to reignite the economy, he said that there have actually to be considerable economic changes on nation-level to assist the employment sector and boost growth. Eurozone’s economic outlook was adjusted downwards by the ECB since the last economic data in June. Despite the fact that the Gross Domestic Product (GDP) is now forecasted to increase by 1.7% compared along with the previous estimate of 1.6%, while the projections for 2017 and 2018 are for economic growth by 1.6% each year compared to the previous estimate of 1.7%. The EUR/USD on Thursday reacted negatively following the ECB’s interest rate decision and Mario Draghi’s conference as the currency pair’s rate fell by 0.8% and erased a large part of the day’s gains. On […]

Bullet Report: Stock Market Selloff and a Stronger Dollar. Opportunity or Trend Reversal?

Share This: The Stock sell off is dominating the markets as US stocks tumbled the most since the Brexit vote. This may be a warning sign of more volatility ahead as markets are catching up along with the opportunity for a September rate hike and geopolitical tension in Asia due to north Korea’s powerful nuclear test. Adding to the uncertainty is likewise Presidential Candidate’s Hilary Clinton’s health problems. Focus this week will be the US retail Sales (Thursday) and the BoE Rate Decision and meeting (Thursday).  Currencies: The price action during the Asian session was subdued, despite a stock market selloff. Last week, the USD rebounded from 2 week lows on Friday, as comments by FED members boosted the chances for an interest rate hike in the near term. The USD endured huge losses earlier when ISM service report indicated the biggest drop in the services sector since 2008. Investors are currently pricing a 24% opportunity of a rate hike in September and data leading to this announcement will be critically watched. Stocks: At the close in NYSE, the Dow Jones Industrial Average lost 2.13% to hit a brand-new 1-month low, while the S&P 500 index lost 2.45%, and the NASDAQ Composite index lost 2.54%. This was the biggest one-day decline since the Brexit vote on June 23rd. This morning, Asian bourses likewise followed through along with Nikkei dropping 1.51%. Most Asian and Arab stock markets are closed today, Including Indonesia, Singapore and Malaysia due to the Eid Muslim holiday. Oil and Gold: U.S. crude oil dropped 1.79% to $45.06 a barrel and Brent oil  eased 1.60% to $47.24 a barrel. Last week, oil prices fell 4% on Friday as the dollar rose and traders discounted an unexpectedly large drop in U.S. oil stockpiles as the beginning of a broader trend. Gold is likewise softer, having traded as reasonable as $1324.90 an ounce on the back of a stronger Dollar. Support is at $1321 while resistance lies at $1339. The post Bullet Report: Stock Market Selloff and a Stronger Dollar. Opportunity or Trend Reversal? appeared very first on Forex.Info.