Top Tiql Tips: 19th to 25th February

Tiql tips time!

We’re giving you this free guide to the markets and dates to watch to help you to earn more with TIQL this week. Economic news and announcements cause financial markets to move a lot, and may provide some opportunities to trade.

Remember, you can earn some extra cash by inviting people to trade with TIQL. The very first time someone you invite makes a deposit of $5 of more, you will receive $1. Whoever you invite also gets $1 USD to trade with; you can’t get better than that! You can keep earning as we pay you a percentage every time your supporters trade with TIQL.

Here are the main news events to look out for this week:​

GBP: kicks off early and peaks midweek

Traders are keen to know what will happen with the Bank of England’s interest rates. Mark Carney, Bank of England Chairman, offers an exciting chance to kick the week off with some volatility on the pound when he talks about leadership and values in London (Monday 19th 6.45pm GMT).

Wages have been stagnating so Carney will be hoping for good news from the Average Earnings Index (Wednesday 21st 9.30am). Rising below inflation at 2.5% for the last few months, they haven’t helped paint a positive picture of the wider domestic economy.

The mid-week hump peaks with the big red flag, Inflation Report Hearings (2.15pm GMT Wednesday 21st February). Carney and his Monetary Policy Committee testify at the Treasury with comments expected about the currency markets. Lasting a few hours this can almost guarantee turbulence.

Sterling’s last big gasp of the week is the quarterly Second Estimate GDP (Thursday at 9.30am GMT). Rising more than expected to 0.5% analysts expect that to stabilise with no change forecast.

USD: Yellen’s last stand at the FOMC

Yellen is out. Powell is in. It’s regime change time. But is that boat getting rocked one last time by the ex-most powerful woman in the US economy?

Get the tissues ready to hear her final remarks in the FOMC Meeting Minutes for January (Wednesday 21st February 7.00pm GMT). We don’t expect her to hold back. Everyone and his donkey want to know where the Fed’s interest rate is going next and when. The Federal Open Market Committee Meeting Minutes give all the juicy details and we want them hot off the press.

Incoming Chair, Jerome Powell, has stressed continuity. He caused a few chuckles with remarks that the Fed works for the “good of all Americans” recently. Some applaud his apparently strong free markets stance but the question remains whether organisations and markets will actually be allowed to fail should things go wrong. Check out Powell’s upcoming speeches to see where the future lies.

CAD & NZD: retail sales

New Zealand’s Retail Sales (Thursday 22nd 9.45pm GMT) are forecast to uptick with 1.4% growth. Core Retail Sales (Thursday 22nd 9.45pm GMT) are also expected to be stronger at 0.7% growth.

If pundits are correct, this makes the domestic economy look better than some would have hoped. Though every trader knows forecasts can be wrong. Last week’s US Core Retail Sales stagnated at 0.0% rather than the healthier 0.5% growth expected while there was a wince-inducing contraction of -0.2% in the wider Retail Sales. Now there’s an economy that’s suddenly not looking as bright as expected.

Canada’s Retail Sales (Thursday 22nd February 1.30pm GMT) boosted their economy last month by coming in at twice the forecast with 1.6% growth against the 0.8% predicted. They are cautiously optimistic about wider economic growth and this could be a strengthening economy.
Where Canada is concerned, always remember to track Crude Oil Inventories (Thursday 22nd February 4pm GMT) for its impact on the Loonie. Currently back in the positive after months of reductions, are we seeing a new trend in oil production?

EUR: no weekend off

The European Parliamentary Elections are on Sunday 25th. Expect EUR related markets to pay attention and watch out for possible corrections when markets open on Monday if there are any political upsets.

Here are the main news events to look out for this week:

 

  • Mon Feb 19
    18:45:00 GMT GBP BOE Gov Carney Speaks
  • Tue Feb 20
    00:30:00 GMT AUD Monetary Policy Meeting Minutes
  • Wed Feb 21
    09:30:00 GMT GBP Average Earnings Index 3m/y
    14:15:00 GMT GBP Inflation Report Hearings
    19:00:00 GMT USD FOMC Meeting Minutes
  • Thu Feb 22
    16:00:00 GMT USD Crude Oil Inventories
    09:30:00 GMT GBP Second Estimate GDP q/q
    12:30:00 GMT EUR ECB Monetary Policy Meeting Accounts
    13:30:00 GMT CAD Core Retail Sales m/m
    21:45:00 GMT NZD Retail Sales q/q
  • Fri Feb 23
    13:30:00 GMT CAD CPI m/m
  • Sun Feb 25
    09:15:00 GMT EUR Parliamentary Election

Some Markets to Watch…

USDJPY: The Yen broke through significant support and has been trading in a narrow range within last week’s range. The dollar hit a 3-year low against the Yen last week despite surging U.S. Treasury yields and a rebound in global equity markets. The move may have been fueled by inflation concerns in the U.S. as well as worries about the huge U.S. current and budget deficits.

 

Bitcoin: BTCUSD is trading above the key $10000 round number. Key levels to watch this week are 12000 (completion of equidistant swing into previous supply/demand) and the 10,000 level.

 

Crude Oil: The chart we looked at last week is still in play. We have a potential ABCD pattern which could complete near the halfway back and previous chart structure at $54.

 


GBPUSD: The bulls still have the ball on cable. We found buyers at 1.38 last week and all eyes are on the 1.40 level to see if we can push higher. 1.45 could be a good target for the bulls to cover.

Whichever way you think these markets are going to go, you can trade these and other markets from as little as 1 cent with TIQL.

 

Markets can really move during news events; all TIQL trades come with guaranteed stops to always protect you from losing more than you have invested in a trade.

Deposit today from $5 with Skrill, Neteller, Paypal or Visa.
Good trading!
TIQL: Serious fun!

Play TIQL or follow us on Facebook or Twitter

TIQL is operated by Nous Global Limited, c/o ILS Fiduciaries (IOM) Ltd, First Floor, Millennium House, Victoria Road, Douglas, IM2 4RW, Isle of Man

Nous Global Limited is proud to be regulated by the Isle of Man Gambling Supervision Commission under a licence issued under the Online Gambling Regulation Act 2001 on 12 April 2016

CAD & NZD: retail sales

Let’s go shopping

New Zealand’s Retail Sales (Thursday 22nd 9.45pm GMT) are forecast to uptick with 1.4% growth. Core Retail Sales (Thursday 22nd 9.45pm GMT) are also expected to be stronger at 0.7% growth.

If pundits are correct, this makes the domestic economy look better than some would have hoped. Though every trader knows forecasts can be wrong as last week’s US Core Retail Sales showed when they stagnated at 0.0% rather than the healthier 0.5% growth expected as well as the wince-inducing contraction of -0.2% in their wider Retail Sales. Now there’s an economy that’s suddenly not looking as bright as expected.

Canada’s Core Retail Sales (Thursday 22nd February 1.30pm GMT) boosted the economy last month by coming in at twice the forecast with 1.6% growth against the 0.8% predicted. They are cautiously optimistic about wider economic growth and this could be a strengthening economy.

Where Canada is concerned, always remember to track Crude Oil Inventories (Thursday 22nd February 4pm GMT) for its impact on the Loonie. Currently back in the positive after months of reductions, are we seeing a new trend in oil production?

USD: Yellen’s last stand at the FOMC

Who will miss her?

Yellen is out. Powell is in. But is that boat getting rocked one last time by the ex-most powerful woman in the economy?

Get ready to hear her last statements with the FOMC Meeting Minutes for January (Wednesday 21st February 7.00pm GMT). We don’t think she will hold back. Everyone and his donkey want to know where the Fed’s interest rate is going next and when. The Federal Open Market Committee Meeting Minutes give all the juicy details and we want them hot off the press.

Incoming Chair Jerome Powell has stressed continuity and caused a few chuckles with remarks that the Fed works for the “good of all Americans” recently. Some applaud his apparently strong free markets stance but the question is whether organisations and markets will actually be allowed to fail should things go wrong. Check out Powell’s upcoming speeches to see where the future lies.

GBP: kicks off early but peaks midweek

Excited traders

Traders are itching to know what will happen with the Bank of England’s interest rates. Mark Carney, Bank of England Chairman, offers a prime opportunity to kick the week off with some volatility on the pound when he talks about leadership and values in London (Monday 19th 6.45pm GMT).

With wages stagnating, Carney will be hoping for good news from the Average Earnings Index (Wednesday 21st 9.30am). Rising below inflation at 2.5% for the last few months, they haven’t helped paint a positive picture of the wider domestic economy.

The mid-week hump continues with the big red flag Inflation Report Hearings at 2.15pm GMT on Wednesday 21st February. Carney and his Monetary Policy Committee testify at the Treasury with comments expected about the currency markets. Lasting a few hours this can almost guarantee turbulence.

Sterling’s last big gasp of the week comes on Thursday 22nd February at 9.30am GMT with the quarterly Second Estimate GDP. Rising more than expected to 0.5% analysts expect that to stabilise with no change forecast.

Top Tiql Tips (with love): 12th to 16th February

​​​​​Your free guide to the markets this Valentine’s Week!

That’s our kind of girl

To help you to earn more with TIQL, because we think you’re great, we’re sending you this free guide to the markets and dates to watch this week. Economic news and announcements cause financial markets to move a lot, and may provide some opportunities to trade.

Remember, you can earn some extra cash by inviting people to trade with TIQL. The very first time someone you invite makes a deposit of $5 of more, you will receive $1. Whoever you invite also gets $1 USD to trade with; you can’t get better than that! You can keep earning as we pay you a percentage every time your supporters trade with TIQL. Get all the details here.

Here are the main news events to look out for this week:​

USD: key events this week
This week there are loads of of major events for USD traders to play this week.

Firstly, CPI and Core CPI as well as Retail Sales and Core Retail Sales (14th February 1.30pm GMT). If they are strong, most pundits expect markets to rise. Crude Oil Inventories (Wednesday 14th 3.30pm GMT) is less directly related to the consumer market, but it also impacts USD. The Producer Price Index (Thursday 15th 1.30pm GMT) shrank by -0.1% last month. This will reflect data gathered before the crashes and temporary government shutdown at the end of last week so traders may not place too much weight on it. Then Building Permits (Friday 16th 1.30pm GMT) will be USD traders last planned big play before the week ends.

But, remember, we always have Trump’s tweets and speeches to add some turbulence to the week, and some much needed laughs. Last week’s midweek shock crashes led to an old irate tweet about the markets coming back to bite Trump. Back in 2015, he thought the sitting US president should be fired into the sun in a cannon if Wall Street dropped by more than 1,000 points in a day. Then it happened twice in one week on his watch. He went uncharacteristically quiet with no tweets for what must be a record amount of time on the Trump-feed. We’re guessing that means he won’t be heading into the sun any time soon. But with two massive crashes in a row, shouldn’t that be two canon rides then? Or would twice mean a ride there and one back? Is that why he’s still president? Has Trump been to the sun?

The big question traders want to know this week is when the Dow and S&P 500 will turn around or if there is further to fall. They also want to know why the fall happened when the US economy looks reasonably strong at the moment. Everyone and their dog has a theory but we may never know. Jittery traders who don’t trust a good thing seems to cover it. Even Trump got it right about that.

AUD: brace for impact
The Australian dollar has a tendency to be buffeted by other markets. The Wall Street double dipper led to a 6-week low against the dollar and volatility could well remain across this week.

AUD traders also face additional impact of the Bank of England’s interest rate news (over 1% drop against sterling), but AUD could regain some strength with Employment Change news and the Unemployment Rate (Thursday 15th February 12.30am GMT).

The highlight of the week will be Reserve Bank of Australia Governor Rob Lowe speaking to the House of Representatives Economics Committee (Thursday 15th 10.30pm GMT). Their questions could shed light on the Bank’s latest view of the economy and future plans for interest rates.

GBP: an economy under pressure
Last week’s reveal of a potential interest rate rise from Mark Carney, Bank of England Governor, and the news that it could be larger than previously thought will probably worry large parts of the country’s debt-laden population, though markets reacted positively.

Analysts wanted someone, anyone, to do something to keep a lid on inflation so they took the rate rise news well. Although others are confused. The upwards pressure doesn’t seem to be coming from the domestic market making it difficult to see how Carney’s measures are going to do anything other than fan the flames for a debt-laden cash-strapped underpaid workforce.

The Consumer Price Index (Tuesday 13th February 9.30am GMT) fell to 3.0% last month from a high of 3.1% in December. If it drops further, the arguments for a rate rise get thinner. Retail Sales (9.30am GMT Friday 16th) will help a lot of traders decide how far and fast they think the Governor is going to jump. The next chance for rates to change will be on 22nd March though many have put their money on May’s Rate Statement for the next hike.

Here are the main news events to look out for this week:

  • Tue Feb 13
    09:30:00 GMT GBP CPI y/y
  • Wed Feb 14
    02:00:00 GMT NZD Inflation Expectations q/q
    13:30:00 GMT USD Retail Sales m/m
    13:30:00 GMT USD CPI m/m
    13:30:00 GMT USD Core Retail Sales m/m
    13:30:00 GMT USD Core CPI m/m
    15:30:00 GMT USD Crude Oil Inventories
  • Thu Feb 15
    00:30:00 GMT AUD Unemployment Rate
    00:30:00 GMT AUD Employment Change
    13:30:00 GMT USD PPI m/m
    21:30:00 GMT NZD Business NZ Manufacturing Index
    22:30:00 GMT AUD RBA Gov Lowe Speaks
  • Fri Feb 16
    13:30:00 GMT USD Building Permits
    09:30:00 GMT GBP Retail Sales m/m

Some Markets to Watch…

USDJPY: The Yen is trading at a key support zone at 107 – 108 after making a low of 108.03 on Friday. The US government fiscal balance is due to be reported later on Monday with no other important data due. The near term levels to watch are 108 and 109.

GBPUSD: Cable seems poised to continue its bull run. The UK has a slew of economic data on the docket for Tuesday this week, most notably being CPI data for January at 09:30 GMT. A positive uptick here will only further cement the BoE on a path towards interest rates, with some market forecasts already calling for a May rate increase. The chart below shows the levels to watch as we go into the trading week.

BTCUSD: Bitcoin levels rose this past week. Bitcoin recovered more than 48% from the multi-month lows touched at $5,896.00 last week. The long-awaited break above $8,500 failed to produce meaningful recovery as the selling interest around $9,000 resistance pushed it back.

Crude Oil: Oil prices have gained some ground today after the drop last week. The chart below shows some of the levels to watch going into the trading week. The key zone to watch is near $55, which is near the half way back and has previous supply and demand nearby. We also have the equidistant swing completing into $53: should we see a deeper correction this might be an interesting level to watch.

Whichever way you think these markets are going to go, you can trade these and other markets from as little as 1 cent with TIQL.

Markets can really move during news events; all TIQL trades come with guaranteed stops to always protect you from losing more than you have invested in a trade.

Deposit today from $5 with Skrill, Neteller, Paypal or Visa.
Good trading!
TIQL: Serious fun!

Play TIQL or follow us on Facebook or Twitter

TIQL is operated by Nous Global Limited, c/o ILS Fiduciaries (IOM) Ltd, First Floor, Millennium House, Victoria Road, Douglas, IM2 4RW, Isle of Man

Nous Global Limited is proud to be regulated by the Isle of Man Gambling Supervision Commission under a licence issued under the Online Gambling Regulation Act 2001 on 12 April 2016

USD: key events this week

This week, there are lots of red flag events for USD traders to cogitate on and plan their moves for the week. First up are CPI and Core CPI, Retail Sales and Core Retail Sales on Valentine’s Day at 1.30pm GMT. If they show love for the US economy, most analysts expect markets to rise. Also on Wednesday 14th at 3.30pm GMT is Crude Oil Inventories. Less directly related to the domestic market, this impacts USD in a number of ways. On Thursday 15th at 1.30pm GMT the Producer Price Index, which contracted by -0.1% last month, will reflect data gathered before the crashes and temporary government shutdown at the end of last week. Then Building Permits, Friday 16th at 1.30pm GMT, will be USD traders last planned big play before the week ends.

But, of course, there’s always Trump’s tweets and speeches to add some unnecessary turbulence to the week, and much needed laughs.


Last week’s midweek shock crash sent Wall Street tumbling more than 1000 points twice in one week and an old irate tweet about the markets came back to bite Trump hard.

He went uncharacteristically quiet with no tweets for what must be a record amount of time on the Trump-feed. We’re guessing that means he won’t be heading into the sun any time soon. But with two massive crashes in a row, shouldn’t that be two canon rides then? Or would twice mean a ride there and one back? Is that why he’s still president? Has Trump been to the sun?

More importantly, this week traders want to know when the Dow and S&P 500 will turn around or if there is further to fall. They also want to know why the fall happened when the US economy looks reasonably strong at the moment. Everyone and their dog has a theory but we may never know. Jittery traders who don’t trust a good thing seems to cover it. Even Trump got it right about that.

 

AUD: brace for impact


A journo who knows how AUD feels sometimes

The Aussie dollar has a tendency to be buffeted by other markets. The Wall Street double crash led to a 6-week low against the dollar last week and volatility could remain across this week.

Reeling from the additional impact of the Bank of England’s interest rate news (over 1% drop against sterling), AUD could regain some strength with Employment Change news and the Unemployment Rate on Thursday 15th February at 12.30am GMT.

The highlight of the week will be Reserve Bank of Australia Governor Rob Lowe speaking to the House of Representatives Economics Committee (Thursday 15th 10.30pm GMT). Committee members questions could reveal news on the Bank’s view of the economy and future plans for interest rates.

GBP: an economy under pressure

When a cat is like the British economy

Last week’s pending interest rate rise reveal from Mark Carney, Bank of England Governor, and the shocker that it could be bigger than previously thought will probably send shivers through large parts of the country’s debt-laden population. though markets reacted positively.

Analysts were looking for someone to keep a lid on inflation and took the news well. Although some are confused as the upwards pressure doesn’t seem to be coming from the domestic market making it difficult to see how Carney’s measures are going to do anything other than fan the flames with a debt-laden cash-strapped underpaid workforce.

The Consumer Price Index, out on Tuesday 13th February at 9.30am GMT, dipped to 3.0% last month from a high of 3.1% in December. If it falls further, the arguments for a rate rise get thinner. Retail Sales, out at 9.30am GMT on Friday 16th, will help a lot of traders decide how far and fast they think the Governor is going to jump. The next chance for rates to change will be on 22nd March though many have put their money on May for the next hike.

Top Tiql Tips: 5th to 9th Feb

Helpful like a turtle

To help you to earn more with TIQL we’re giving you this free guide to the markets and dates to watch this week. Economic news and announcements cause financial markets to move a lot, and may provide some opportunities to trade.

Remember, you can earn some extra cash by inviting people to trade with TIQL. The very first time someone you invite makes a deposit of $5 of more, you will receive $1. Whoever you invite also gets $1 USD to trade with; you can’t get better than that! You can keep earning as we pay you a percentage every time your supporters trade with TIQL.

AUD & NZD: where will bank rates go this week?

Opinions are divided over what the Reserve Bank of Australia should do when it shares its latest Cash Rate (Tuesday 6th February 3.30am GMT). Rates haven’t changed since they dropped a quarter of a percentage point in August 2016 and Dr Lowe, RBA Governor, is on record saying they will stay low for years. Some suggest they may even drop as low as 1% but will anything change on Tuesday 6th?

There are some striking similarities between the British and Australian economies at the moment. If you look at them in a certain light, it seems as though they’re doing well. But when you take a closer look, stagnant wages, rising household debt and problems in the housing market make the wider economy seem more like it’s ready to topple at any moment, according to some analysts.

While debt levels remain rather high and wages low, the Bank will remain cautious about making changes that could trigger rising inflation. Traders are likely to be very interested in the Rate Statement (3.30am GMT Tuesday 6th February). Here, the Bank rate committee’s reasons for their decision should reveal where the bank thinks the economy will go next and that could send AUD on a bumpy ride.

Hop over to trade the New Zealand dollar (Wednesday 7th 8pm GMT) for the Reserve Bank of New Zealand’s Official Cash Rate, Rate Statement and Press Conference. Unchanged since November 2016, there is little sign things will shift this month either. Some radical analysts, such as Eurasia Group in New York, forecast a global crash this year and suggest the NZD will be one of the hardest hit if that happens, but others say all the data received before Christmas points to a reasonably healthy economy. Whatever happens, the Press Conference is likely to give NZD traders some action.

CAD: can employment highs stick around?

Canada is one of many major economies with unemployment figures that haven’t been this good for decades. But that might all be about to change.

December’s 62% employment rate was creeping towards the record high of 2008 (63.70%). It stands far above the average from 1976 to 2017 of 60.29%. Many would say this shows strength in the economy. However, analysts forecast that figures for Employment Change and the Unemployment Rate will show a drop of around 2k for in employment and a rise in the Unemployment Rate of 0.1% (Friday 9th 1.30pm GMT) . Not great news for the Loonie, especially when the NAFTA discussions look set to drag on and Trudeau’s policies are being criticised for their effect on the competitiveness of Canada’s economy.

If you’re planning to trade CAD this week, also watch Crude Oil Inventories closely (3.30pm GMT Wednesday 7th) and plan your strategy around the employment data out on Friday. Have fun!

GBP: confusing times for a bank rate announcement

The Bank of England Inflation Report will focus attention (Thursday 8th February 12 noon). Many pundits will hope to see a further reduction in inflation to justify last year’s 0.5% rate set in November. But recent UK factory PMI data suggests the opposite might happen and inflation could rise again. What on earth is going on?

The British economy is suffering an odd mix of rising inflation, rising household debt, depressed wages and low unemployment. If you were to consult an economics textbook, many experts would say this doesn’t happen and it’s certainly scuttled the government’s economic forecasts. Unless wages rise to combat debt, received wisdom says the Bank can’t consider increasing interest rates. But with inflation still standing above target at 3% in December, something needs to happen. There seems to be no good way to jump for Mark Carney, Bank of England Chairman. We are definitely getting out the popcorn for this one.

This week also brings the latest MPC Bank Rate Votes, Monetary Policy Summary and Official Bank Rate (Thursday 8th February 12 noon). There is a small chance of a surprise rate rise but this could spell disaster for UK workers. Some might say “I told you so” but that wouldn’t be helpful. Mark Carney has a tightrope to walk this week. Will he manage it?

Here are the main news events to look out for this week:

  • Mon Feb 05
    16:00:00 GMT EUR ECB President Draghi Speaks
    15:00:00 GMT USD ISM Non-Manufacturing PMI
  • Tue Feb 06
    00:30:00 GMT AUD Retail Sales m/m
    00:30:00 GMT AUD Trade Balance
    03:30:00 GMT AUD RBA Rate Statement
    03:30:00 GMT AUD Cash Rate
    21:45:00 GMT NZD Employment Change q/q
    21:45:00 GMT NZD Unemployment Rate
  • Wed Feb 07
    15:30:00 GMT USD Crude Oil Inventories
    20:00:00 GMT NZD Official Cash Rate
    20:00:00 GMT NZD RBNZ Monetary Policy Statement
    20:00:00 GMT NZD RBNZ Rate Statement
    1:00:00 GMT NZD RBNZ Press Conference
  • Thu Feb 08
    00:00:00 GMT NZD RBNZ Gov Spencer Speaks
    09:00:00 GMT AUD RBA Gov Lowe Speaks
    12:00:00 GMT GBP Official Bank Rate
    12:00:00 GMT GBP Monetary Policy Summary
    12:00:00 GMT GBP BOE Inflation Report
    12:00:00 GMT GBP MPC Official Bank Rate Votes
  • Fri Feb 09
    09:30:00 GMT GBP Manufacturing Production m/m
    00:30:00 GMT AUD RBA Monetary Policy Statement
    13:30:00 GMT CAD Employment Change
    13:30:00 GMT CAD Unemployment Rate

Some Markets to Watch…

Bitcoin: The world’s largest cryptocurrency by market capitalization has depreciated by 12 percent in the last 24 hours, according to data source CoinMarketCap. Bitcoin has traded at new 2018 lows today. There may be more pain in store for crypto bulls or it could confound the greatest amount of participants and begin to climb again. The chart below highlights some possible areas of interest for traders.

Gold: The recent highs of 1375 still look achievable but it would be healthy for a market which has moved like this to retrace somewhat. The half way back near previous supply and the round number might be an interesting level to watch.

WTI Crude: Its all about the $65 level on this market. We are trading near some key chart structure at this level. As with Gold, it would be reasonable to think a market which has moved as impulsively as this one has would see some sort of retrace to remain healthy. The $54/$55 zone with the half way back and chart structure may be an interesting level to watch should we see some sort of move down.

Whichever way you think these markets are going to go, you can trade these and other markets from as little as 1 cent with TIQL.

Markets can really move during news events; all TIQL trades come with guaranteed stops to always protect you from losing more than you have invested in a trade.

Deposit today from $5 with Skrill, Neteller, Paypal or Visa.
Good trading!
TIQL: Serious fun!

Play TIQL or follow us on Facebook or Twitter

TIQL is operated by Nous Global Limited, c/o ILS Fiduciaries (IOM) Ltd, First Floor, Millennium House, Victoria Road, Douglas, IM2 4RW, Isle of Man

Nous Global Limited is proud to be regulated by the Isle of Man Gambling Supervision Commission under a licence issued under the Online Gambling Regulation Act 2001 on 12 April 2016

NZD & AUD: will bank rates fall down under?

Will rates climb, fall or hold on?

The Reserve Bank of Australia shares its latest Cash Rate on Tuesday 6th February at 3.30am GMT. Opinions are divided over what the Bank should do. Rates haven’t changed since they dropped a quarter of a percentage point in August 2016 and Dr Lowe, the Governor, is on record saying they will stay low for years. Some suggest they may even drop as low as 1% but will anything change on Tuesday 6th?

There are some striking similarities between the British and Australian economies at the moment. If you look at them in a certain light, it seems as though they’re doing well. But when you take a closer look, stagnant wages, rising household debt and problems in the housing market make the wider economy seem more like it’s ready to topple at any moment, according to some analysts.

While debt levels remain very high and wages low, the Bank will remain cautious about making changes that could trigger rising inflation. Traders are likely to be very interested in the Rate Statement, also issued at 3.30am GMT on Tuesday 6th February. The Bank rate committee’s reasons for their decision should reveal where the bank thinks the economy will go next and that could send AUD on a bumpy ride.

Hop over to trade the New Zealand dollar on Wednesday 7th at 8pm GMT for the Reserve Bank of New Zealand’s Official Cash Rate, Rate Statement and Press Conference. Unchanged since November 2016, there is little sign things will shift this month either. Some radical analysts, such as Eurasia Group in New York,  forecast a global crash this year and suggest the NZD will be one of the hardest hit if that happens but others say all the data received before Christmas points to a reasonably healthy economy. Whatever happens, the Press Conference is likely to give NZD traders some action.