A FREE weekly guide to the markets: 30th July to 4th August

A gift for you

To help you to earn more with TIQL 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.

USD: Non-Farm and friends
Traders love US Non-Farm Employment Change. It has soared recently and June was no exception rising to 222K (175k predicted). Analysts forecast a decline to 183k (4th 1.30pm GMT). Employment rates are a good indication of an economy’s condition and this is an early data.

Other job data this week include Canada’s Unemployment Rate (4th 1.30pm GMT), which is predicted to stay the same (6.5%). Spanish Unemployment Change (2nd 8am GMT) is set to fall (-66.K). This should have some effect on the EUR markets. New Zealand (1st 11.45pm GMT) faces suggestions of a drop from 1.2% to 0.7% in the quarterly Employment Change and Unemployment Rate falling from 4.9% to 4.8% (at the same time).

FOREX: AUD CAD USD Trade Balances
CAD traders want to know if last month’s deficit decline from -0.6B to -1.1B was a real downturn or if predictions for -1.4B are correct (4th 1.30pm GMT). Elsewhere, the Australian economy received a boost when a Trade Balance of 2.47B was revealed after analysts had forecast 1.00B (3rd 2.30am GMT). With the Aussie bank rates up for debate on 4th as well there’s a lot to play for.

USA Trade Balance figures (4th 1.30pm GMT) will be overshadowed by Non-Farm Employment Change. A decrease (-46.5B to -45.6B) is on the cards, but there’s a lot else to focus on this Friday in the USD markets.

GBP/AUD: bank rates
Which way will the BoE Monetary Policy Committee jump? (3rd 12pm GMT) Change seems more like a real possibility now. June saw three members of the Monetary Policy Committee want to raise interest rates against five who wanted to keep them the same. To see which way they might jump this week we might look at last week’s Preliminary GDP, which was marginally better than expected at 0.3% and Average Earnings, which aren’t rising as fast as hoped.

Some are predicting no change again this month. But opinion is divided with a growing clamour for a rise, and it’s not completely off the cards for us to see movement here. BoE Governor Carney should be interesting during the Press Conference (3rd 12.30pm GMT). Any unexpected answers could see movement in a volatile market.

Also this week RBA releases its interest rate update (1st 5.30am GMT). Some analysts see a hawkish attitude ahead leading to a new direction for the AUD markets.

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

Tuesday 1st August

  • 04:30:00 GMT AUD RBA Rate Statement
  • 08:30:00 GMT GBP Manufacturing PMI
  • 12:00:00 GMT USD ISM Manufacturing PMI
  • 22:45:00 GMT NZD Unemployment Rate
  • 22:45:00 GMT NZD Employment Change q/q

    Wednesday 2nd August

  • ​08:30:00 GMT GBP Construction PMI
  • 12:15:00 GMT USD ADP Non-Farm Employment Change
  • 14:30:00 GMT USD Crude Oil Inventories

    Thursday 3rd August

  • 01:30:00 GMT AUD Trade Balance
  • 08:30:00 GMT GBP Services PMI
  • 11:00:00 GMT GBP Official Bank Rate
  • 11:00:00 GMT GBP BOE Inflation Report
  • 11:00:00 GMT GBP Monetary Policy Summary
  • 11:00:00 GMT GBP MPC Official Bank Rate Votes
  • 11:30:00 GMT GBP BOE Gov Carney Speaks
  • 12:30:00 GMT USD Unemployment Claims
  • 14:00:00 GMT USD ISM Non-Manufacturing PMI

    Friday 4th August

  • 01:30:00 GMT AUD Retail Sales m/m
  • 01:30:00 GMT AUD RBA Monetary Policy Statement
  • 12:30:00 GMT CAD Employment Change
  • 12:30:00 GMT USD Unemployment Rate
  • 12:30:00 GMT USD Average Hourly Earnings m/m
  • 12:30:00 GMT USD Non-Farm Employment Change

Some Markets to Watch…

Gold: Starting to look like we might get a third test of the highs near 1295 should the bulls get a good run. Any closes below 1260 could see the shorts take a stab here and try for the 1243 support zone.

CRUDE:the 200 SMA is key now for traders as we trade near the psychological round number of $50. The shorts may be watching the action on this level to see if price fails to break into new highs. Any breaks and continuations above the 50 level, and the bulls might push for more

S&P500: We made new highs last week before price came off of the highs. We have key resistanace (which was support) at 2453 and 2405 has acted as support and resistance. Any closes below the 2450 zone and we might see the shorts start to push a correction on this markets. The bulls might hold this level and make a try for the highs once more.

GBPUSD: has broken and held through key support at 1.30. It looks like the bulls are trying for the 1.32 key zone. The next zone of interest is the half way back at 1.35 should 1.32 hold for the bulls

USDJPY: The shorts have this for now and are making lows for the month. 1.12 is the line in the sand for the bears with the ascending trend line looking like a likely option for the bears to take profit

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!

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USD Non-Farm is THE event to watch

Job news central

Employment rates are a good indication of an economy’s condition and there are employment data releases for four key markets this week.

Traders love to see what’s changed when the US Non-Farm Employment Change data is announced each month. Figures have shot up since May and June was no exception rising to 222K as opposed to the predicted 175k. Pundits suggest we’ll see a drop on 4th August at 1.30pm GMT to 183k.

Canada reveals its Unemployment Rate at the same time (4th 1.30pm GMT), which is predicted to stay the same at 6.5%. While the Spanish Unemployment Change due out on Wednesday 2nd at 8am GMT looks like it will fall, but not as drastically as last month (-66.K forecast against -98.3K last month). As a substantial economy this should have some effect on the EUR markets. New Zealand also gives us an insight into their rates on Tuesday at 11.45pm GMT with suggestions of a drop from 1.2% to 0.7% in the quarterly Employment Change and Unemployment Rate falling from 4.9% to 4.8% (data released at the same time).

3 Trade Balance events to move markets

Things aren’t always what they seem

Three markets that have seen some interesting movement recently will be impacted by Trade Balance news this week.

The Australian economy massively beat the forecasts last month to bring home a Trade Balance of 2.47B against a predicted 1.00B. This was a huge boost showing strength in the currency. It’s doubtful this month’s 1.77B prediction is any more accurate than June’s one but we’ll find out on Thursday 3rd at 2.30am. With the Aussie bank rates up for debate on 4th as well there’s a lot to play for.

The CAD markets will be looking to see if last month’s deficit stretch from -0.6B to -1.1B was a blip or a reversal. Things had been going well for the Canadian economy and the Trade Balance was hovering around 0.00 in May but predictions are for -1.4B on Friday 4th at 1.30pm GMT. Trudeau’s new found international popularity and dealings on the global scene may well improve the situation for exports.

On Friday 4th the USA releases its Trade Balance figures but these will be overshadowed by the Non-Farm Employment data. A shift of just under 1B (-46.5B to -45.6B) is on the cards, but there’s far more going on in the USD markets than this. Only a massive unexpected movement will cause this Trade Balance event to significantly impact the markets this week.

BoE and RBA: 2 dates to watch the banks this week

bank treats

This week brings us two major central banking rate announcements. Traders are going to be all over them.

The biggest news is the Bank of England on Thursday 3rd at 12.00pm GMT. Last month saw a major swing towards a change when three members of the Monetary Policy Committee wanted to raise interest rates standing against five who wanted to keep them the same. To see which way they might jump this week we might look at last week’s Preliminary GDP, which was marginally better than expected at 0.3% and Average Earnings, which aren’t rising as fast as hoped.

Key events include:

12:00pm

  • BOE Inflation Report
    MPC Official Bank Rate Votes (was 3-0-5, predicted 3-0-5)
    Monetary Policy Summary
    Official Bank Rate (was 0.25%, predicted 0.25%)
    Asset Purchase Facility (was 435B, predicted 435B)
    MPC Asset Purchase Facility Votes (was 0-0-8,predicted 0-0-8)

12:30pm

  • BOE Gov Carney Speaks

Some are predicting no change again this month. But opinion is divided with a growing clamour for a rise, and it’s not completely off the cards for us to see movement here.

Traders will be closely watching BoE Governor Carney in the Press Conference at 12.30pm GMT after poring over the Monetary Policy Summary released at 12pm GMT. Any unexpected answers could see movement in a jittery market.

Also this week Australia releases its interest rate update on Tuesday 1st at 5.30am GMT. Some analysts see a hawkish attitude ahead leading to a new direction for the AUD/USD forex.

  • AUD RBA Rate Statement 1st 5.30am GMT
  • AUD Cash Rate 1st 5.30am GMT
  • AUD Monetary Policy Statement 4th 2.30am GMT

 

Tiql Market News 24th-28th July

We made this for you.
We made this treat of a post for you.

To help you to earn more with TIQL we’re sharing this free guide to the markets including dates to watch this week. Financial markets can move a lot when economic news and similar announcements are made, and they 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.

AUD: trimmed mean and Lowe
Consumer spending looks like it’s wobbling if CPI (26th 2.30am GMT) forecasts are correct and it drops from 0.5% to 0.4%. Watch the Trimmed Mean CPI at the same time for a clearer view of the underlying situation as it removes the to 30% of volatile stock. Then stay put for Governor Lowe of the RBA, which sets short term interest rates for the central bank, who is talking about work and monetary policy at 4.05am GMT on Wednesday.

USD: 3 events to trade
FOMC Statement and Federal Funds Rate (26th 7pm GMT) are one highlight of the USD calendar week. But as highlights go, it’s tiny. Almost no-one expects a rate rise this week so the current rate of <1.25% is likely to continue. The talk is that the next rate rise has been pushed back to at least September, if not December.
Tuesday’s CB Consumer Confidence index (3pm GMT) is likely to dip from 118.9 to 116.2. While Crude Oil Inventories (26th 3.30pm GMT) has been falling for weeks, but its unpredictable nature means this could be exactly when it bucks that trend. The end of the week looks mildly more interesting with some action around the Advance GDP on Friday 28th (1.30pm) forecast at a healthy 2.5% increase.

CAD: economy in the spotlight
Wholesale sales (24th 1.30pm GMT) look set to drop back from 1.0% to 0.5% on Monday 24th while the big news is the monthly GDP figures on Friday 28th (1.30pm GMT). This has seen a lot of movement over the first half of the year, but analysts reckon it’ll stick at 0.2% with no movement this time around.

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

  • Tuesday 18th July
    – 14:00:00 GMT USD CB Consumer Confidence
  • Wednesday 19th July
    ​- 01:30:00 GMT AUD Trimmed Mean CPI q/q
    – 01:30:00 GMT AUD CPI q/q
    – 03:05:00 GMT AUD RBA Gov Lowe Speaks
    – 08:30:00 GMT GBP Prelim GDP q/q
    – 14:30:00 GMT USD Crude Oil Inventories
    – 18:00:00 GMT USD FOMC Statement
    – 18:00:00 GMT USD Federal Funds Rate
  • Thursday 20th July
    – 12:30:00 GMT USD Unemployment Claims
    – 12:30:00 GMT USD Core Durable Goods Orders m/m
  • Friday 21st July
    – 12:30:00 GMT USD Advance GDP q/q
    – 12:30:00 GMT CAD GDP m/m

Some Markets to Watch…

Gold: gold is near a key resistance level now. If gold can break through this level, we may get a third test of the yearly highs on this market. As long as the yen remains under pressure, gold will likely attract the buyers.

DAX: The monthly shows some heavy monthly candles closing below a key support level.

The monthly candle has closed below a major support line

On the daily we can see that we are trading near the open gap from April. Could price retest the 12000 round number? The Dax is completely out of phase now with US indices which made new highs last week.

Will we close the gap on the DAX? 12000 here we come?

USDJPY: this FX pair is looking very heavy having traded below the 61.6 fib level and support at the 112. This looks heavy for now and the key support and resistance levels are highlighted above on the daily chart.

USDJPY: this FX pair is looking very heavy having traded below the 61.6 fib level and support at the 112. This looks heavy for now and the key support and resistance levels are highlighted above on the daily chart.

EURUSD: a glance at the monthly and we can see we could be at a key inflection point for this pair at around 1.1710. Any breaks above this and it could be very interesting for the bulls however it would be reasonable to see some longs covering their positions here and some short sellers taking a stab at this now.

The 1 hour chart highlights some interesting support and resistance levels for the next few days.

Some support and resistance lines for EURUSD

BTCUSD: the bulls have taken back the ground again and we are not trading above $2700 and not far from the highs. We’ve outlined some levels of interest to keep an eye on with BTCUSD; bear in mind how volatile this market can be!

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!

CAD market news

One of these is a world leader.
One of these two is gathering respect as a leader on the world stage.

The main market news for CAD tops and tails the week. Wholesale sales (1.30pm GMT) look set to drop back from 1.0% to 0.5% on Monday 24th while the big news is the monthly GDP figures at 1.30pm on Friday 28th. These have seen a lot of movement over the first half of the year but forecasters suggest no movement this time around sticking at 0.2%.

The Canadian dollar is a cheeky little market that spells serious fun for Tiql players looking to spread their wings from USD and oil. Prime Minister Justin Trudeau is doing his darnedest to put Canada on the big stage globally and with a safe stash of oil and other potential reserves, there are plenty of countries looking to do business with ‘Murka’s saintly looking northern neighbour.

FOMC but no Yellen

Where is she?

Wednesday 26th brings another FOMC Statement (7pm GMT) and Federal Funds Rate (7pm GMT) but no press conference with Chair Yellen. Pundits suggest the current rate of <1.25% is likely to continue, with suggestions that the next rate rise has been pushed back to at least September, if not December. So much for three rises this year and with no Yellen scheduled, markets may not be as exciting as they could have been.

Tuesday’s CB Consumer Confidence index (3pm GMT) is likely to dip from 118.9 to 116.2. If it comes in higher, traders will perk up but otherwise the big news for USD indices this week is unclear. Crude Oil Inventories (26th 3.30pm GMT) has been on a downhill slide for weeks, but its unpredictable nature means this could be exactly when it bucks that trend.

The end of the week has a smattering of USD events to keep markets interested with a slew of action around the Advance GDP on Friday 28th (1.30pm). The economy is looking at a healthy 2.5% increase. Last month rose from an early 0.7% to 1.4% so this could be a sign of good things to come. Only time will tell.

 

AUD Lowe, trimmed and mean

That’s mean

This week the AUD news sounds like a review of a bad film. All the action is on Wednesday when 3 events could move the Aussie market.

First up is the quarterly CPI. Forecasts are for a small decline from 0.5% to 0.4% suggesting a wobble in consumer spending. The Trimmed Mean CPI is released at the same time (2.30am GMT on 26th). This excludes the top 30% of items which are most volatile. Looked at this way, CPI trimmed mean stays the same at 0.5%, which may boost traders confidence.

Governor Lowe of the RBA, which sets short term interest rates for the central bank, is talking about work and monetary policy at 4.05am GMT on Wednesday. This is likely to see a decent amount of volatility but there’s no Q&A session.

Market News Update: 17-20 July

Your free guide to the markets this week

Is that a Tiql guide you got for me?!

To help you to earn more with TIQL we’ve produced this free guide to the markets and dates to watch this week. Financial markets can move a lot when economic news and similar announcements are made, 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.

JPY: under pressure with a potential rate change in sight
The Bank of Japan’s dovish stance comes under scrutiny (20th 7.30am GMT) as reflationary indications push opinion away from further stimulus. Governor Kuroda gets a grilling in the Press Conference after the Outlook Report and Rate Statement. The question is whether the July 7th intervention reassures traders that the bank has control of borrowing costs or not.

EURUSD: 3 key events this week
In another key market interest rates are the centre of attention this week. The ECB details its minimum bid rate on 20th (12.45pm GMT) It’s stayed put at 0.00% since March 2016 but economic indications point to a chance of movement. The press conference (1.30pm GMT) should reveal more. Watch market reactions to the German Economic Sentiment (18th 10am) and the Final CPI (17th 10am) on forex and DAX to get an idea of which way traders think the ECB will jump.

USD: building permits and oil lead the way
The number of new builds has been overestimated since February so predictions of an increase to 1.20M (19th 1.30pm) are not entirely reliable, though traders would take the increase as a sign of domestic strength if true. Crude Oil Inventories have been dropping back in line with OPEC policy and far faster than forecast so the announcement on 19th (3.30pm) will be another reduction if the trend continues.

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

  • Monday 17th July
    22:45:00 GMT NZD CPI q/q
  • Tuesday 18th July
    01:30:00 GMT AUD Monetary Policy Meeting Minute
    08:30:00 GMT GBP CPI y/y
    13:30:00 GMT GBP BOE Gov Carney Speaks
  • Wednesday 19th July
    12:30:00 GMT USD Building Permits
    14:30:00 GMT USD Crude Oil Inventories
  • Thursday 20th July
    01:30:00 GMT AUD Employment Change
    01:30:00 GMT AUD Unemployment Rate
    03:50:00 GMT JPY Monetary Policy Statement
    04:00:00 GMT JPY BOJ Outlook Report
    04:00:00 GMT JPY BOJ Policy Rate
    06:30:00 GMT JPY BOJ Press Conference
    08:30:00 GMT GBP Retail Sales m/m
    11:45:00 GMT EUR Minimum Bid Rate
    12:30:00 GMT USD Unemployment Claims
    12:30:00 GMT EUR ECB Press Conference
  • Friday 21st July
    12:30:00 GMT CAD CPI m/m
    12:30:00 GMT CAD Core Retail Sales m/m

Some Markets to Watch

The Dow is making new highs. Chart action shows it moving in a channel making higher highs and higher lows. Will the old highs now act as support for the buyers to push on?

The Dax has moved back into the range and is sitting on intermediate support. Will support hold and price retest the highs?

Brent oil has found supply at the half way back. The next level up is the 61.8 Fibonacci, which coincides with previous chart structure. There is also an ABCD pattern which may complete near the 200 daily moving average.

BTCUSD has dropped below the key psychological 2000 level and found support and a previous demand level. Check our chart for the key support and resistance lines.

GBPUSD has broken through the resistance and is currently trading above 1.3040. All eyes will be on this level going into the week

A chart of GBPUSD
GBPUSD pops up above resistance. More upside for cable?

Gold has moved up and is retesting a level which has acted as support and resistance. This will be a key level to watch on gold

Gold Chart
Gold is retesting a key level

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!

Is an ECB rate rise overdue?

rise… and fall

Two key dates for this week’s trading diary if you’re interested in the DAX and EUR/USD markets are Tuesday 18th and Thursday 20th.

The Final CPI (consumer price index) on Tuesday 18th at 10am follows a period of fluctuation since it rose in February 2017 to 1.8%. Rising as high as 2.0% in March, last month saw a dip to 1.4%. Forecasts are for another drop to 1.3% but we’re still looking way above the figures during 2016.

Also on Tuesday is the German ZEW Economic Sentiment index at 10am GMT. Focused on German institutional investors and analysts this will pique the interest of DAX traders. As one of Tiql’s most recent additions,the DAX offers players a chance to trade the stocks of 30 key German companies. Anything that affects the currency, import or export levels of the country should be high on the priority list for a DAX trader. Aside from April recent forecasts have been too positive. Will pundits be too upbeat again this month?

Thursday is show day this week with the ECB minimum bid rate and press conference at 12.45pm and 1.30pm GMT respectively. The rate has been at 0.00 since March 2016 and some analysts are hawkishly saying a rise is overdue. Watch for changes in the lead up as markets price in their predictions and enjoy Thursday’s rollercoaster. Woohoo!