Top Tiql Tips: 29th Jan to 2nd Feb

They got their free guide

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.

USD: FOMC & Fed Funds Rate
The FOMC Statement (7pm GMT Wednesday 31st January) is Yellen’s last as her tenure as the Chair of the Federal Reserve Bank comes to an end next month.

After raising rates by a quarter percentage point in December, Yellen outlined a three-quarters point rise for 2018. Back then, warm fuzzy feelings were growing for the outlook of both the US and the global economy. Yellen even said, “The global economy is doing well. We’re in a synchronized expansion. This is the first time in many years we’ve seen this.” GDP rose by 2.6% in the fourth quarter and employment continued to rise albeit by less than predicted. Tax cuts pushed through Congress have also bolstered business confidence suggesting incoming Federal Chair Powell will be taking over as the economy hits its stride.

The two big questions for traders right now is when those three-quarters points will kick in and if they will know more after the Statement on Wednesday.

GBP: is it turnaround time?
Reuters reported on Monday 29th January that some of the world’s biggest funds are betting on sterling turning things around. With so much at stake, these mega funds believe Brexit has to go relatively smoothly and recent news about improvements in the economy makes them think interest rates are going up. GBP Tiql players could enjoy some short term fluctuations on the strength of the pound as Mark Carney, Bank England Chair, addresses the House of Lords Economic Affairs Committee (Tuesday 30th 3.30pm GMT) at the British parliament.

Also this week are the Manufacturing PMI (Thursday 1st 9.30am GMT) and Construction PMI (Friday 2nd 9.30am GMT). High inflation, low consumer spending and uncertainty around Brexit could put the brakes on a recovery so traders will be watching signs of weakening business confidence.

Last week, Carney put the price of Brexit at £10 billion per year. Traders will be looking for economic confidence from the PMIs; if purchase managers are willing to invest, then the future looks brighter. Manufacturing PMI has been over 50 since August 2016 but dipped nearly 2 points below expectations at the end of 2017 when it came in at 56.3 against 58 forecast. Construction PMI has been far less stable and closer to the 50 mark for many months. Weekend news about falling sales in London suggest international investors are moving out. Forecasts stand at 52.1 but that seems surprisingly positive all things considered.

USD: Non-Farm Unemployment Change
You’ll have to wait until Friday for the biggest USD news of the week as Non-Farm Employment Change is on the way (2nd February 1.30pm GMT).

Last month’s surprise revelation that non-farm related employment rose by almost 100k less than predicted looks set to hit reverse. Analysts predict employment will rise by a healthy 184K instead, though the America First policy seems to be hitting foreign investment in manufacturing, reducing job opportunities there. Check out the news on the LG washing machine factory in Tennessee for more information.

But that’s not all the US action this week. Riding high off the back of his speech wooing business leaders in Davos, Trump turns to his favourite audience – the home crowd – on Wednesday 31st at 2.30am GMT i.e. Tuesday evening in the States. Get in the popcorn and a few bottles of something tasty and kick back to enjoy as social media goes wild.

The State of the Union address is the President’s chance to spell out to Congress what he thinks they should do. Expect to hear about the Wall, about America First and tax cuts. The stock markets are doing well, the dollar is weak boosting trade and the general business mood is positive so traders will be keen to hear what Trump thinks America plc should do next.

Also watch Crude Oil Inventories (Wednesday 31st 3.30pm GMT), FOMC Statement and Federal Funds Rate (Wednesday 31st 7pm GMT) and ISM Manufacturing PMI (Thursday 1st 3pm).

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

  • Tue Jan 30
    15:00:00 GMT USD CB Consumer Confidence
    15:30:00 GMT GBP BOE Gov Carney Speaks
  • Wed Jan 31
    00:30:00 GMT AUD CPI q/q
    00:30:00 GMT AUD Trimmed Mean CPI q/q
    02:00:00 GMT USD President Trump Speaks
    10:00:00 GMT EUR CPI Flash Estimate y/y
    13:30:00 GMT CAD GDP m/m
    13:15:00 GMT USD ADP Non-Farm Employment Change
    15:30:00 GMT USD Crude Oil Inventories
    19:00:00 GMT USD Federal Funds Rate
    19:00:00 GMT USD FOMC Statement
  • Thu Feb 01
    09:30:00 GMT GBP Manufacturing PMI
    15:00:00 GMT USD ISM Manufacturing PMI
  • Fri Feb 02
    09:30:00 GMT GBP Construction PMI
    13:30:00 GMT USD Non-Farm Employment Change
    13:30:00 GMT USD Average Hourly Earnings m/m
    13:30:00 GMT USD Unemployment Rate

Some Markets to Watch…

BTCUSD: Bitcoin continues to trade heavy. We have a demand zone at 10,000 and 9,000 with resistance at 12,000. We would need to see some daily closes above the 12,000 level before there is a strong bullish thesis for this market.


USDJPY: last week resistance held on this pair and it traded lower. We are currently testing the 108 level and we have key support at 107.50 below. With the current USD weakness, we may see further downside on this pair.

Crude Oil: $65 is still the key zone on this pair as we can see from the chart below. We are currently trading above the key $65 level and the resistance zone made from the highs from 2015. Again, the weak USD will be a contributing factor for any more drives up.

GBPUSD: We have traded back into pre-Brexit prices now and this pair is trading above the key 1.40 level. 1.38 and 1.37 are key levels to watch should we retrace to see if the bulls reload at these previous chart structure zones.

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: FOMC & the Federal Funds Rate

Yellen out

Yellen’s tenure as the Chair of the Federal Reserve Bank comes to an end next month so the FOMC Statement at 7pm GMT on Wednesday 31st January could be her last chance to steer monetary policy at the Bank.

After raising rates by a quarter percentage point back in December, Yellen outlined a three-quarters point rise for 2018. At that point, there were warm fuzzy feelings about the outlook for both the US and the global economy. Yellen even said, ““The global economy is doing well. We’re in a synchronized expansion. This is the first time in many years we’ve seen this.” GDP rose by 2.6% in the fourth quarter and employment continued to rise. Tax cuts pushed through Congress have also bolstered business confidence suggesting incoming Federal Chair Powell will be taking over as the economy hits its stride.

The two big questions for traders right now is when those three-quarters points will kick in and if they will know more after the Statement on Wednesday.

Is sterling undervalued?

smooth like sterling

Some of the world’s biggest funds are betting on sterling turning things around, Reuters reported on Monday 29th Jan. With so much at stake, these mega funds believe Brexit has to go relatively smoothly and recent news about improvements in the economy makes them think interest rates are going up. GBP Tiql players have a chance to make some short term moves on the strength of the pound as Mark Carney, Bank England Chair, addresses the House of Lords Economic Affairs Committee on Tuesday 30th at 3.30pm GMT.

Also influencing GBP this week are the Manufacturing PMI (Thursday 1st 9.30am GMT) and Construction PMI (Friday 2nd 9.30am GMT). Both data should reflect business opinion about the strength of the economy at a time when high inflation, low consumer spending and uncertainty around Brexit could put the brakes on a recovery. Last week, Carney put the price of Brexit at £10 billion per year. Traders will be looking for signs of economic confidence from the PMIs; if purchase managers are willing to invest, then the future looks brighter. Manufacturing PMI has been over 50 since August 2016 but dipped nearly 2 points below expectations at the end of 2017 when it came in at 56.3 against 58 forecast. Construction PMI has been far less stable and closer to the 50 mark for many months. Weekend news about falling sales in London suggest international investors are moving out. Forecasts stand at 52.1 but that seems surprisingly positive all things considered.

We’ve got that Non-Farm Friday feeling

Ready for Friday

The biggest USD news of the week is going to make you wait until Friday. January finishes on Wednesday so that means Non-Farm Employment Change is on the way. Last month’s surprise was the news that non-farm related employment rose by almost 100k less than predicted. This slump is forecast to hit reverse on 2nd February at 1.30pm GMT when analysts predict employment will rise by a healthy 184K though the America First policy seems to be hitting foreign investment in manufacturing and reducing job opportunities there.

But that’s not all the US action this week. Riding high off the back of his speech wooing business leaders in Davos, Trump turns to his favourite audience – the home crowd – on Wednesday 31st at 2.30am GMT i.e. Tuesday evening in the States. Get in the popcorn and a few bottles of something tasty and kick back to enjoy as social media goes wild. The State of the Union address is a tradition stretching back into the mists of time. It is the President’s chance to spell out to Congress what he thinks they should do. Expect to hear about the Wall, about America First and tax cuts. The stock markets are doing well, the dollar is weak boosting trade and the general business mood is positive so traders will be keen to hear what he thinks America plc should do next.

Also watch Crude Oil Inventories (Wednesday 31st  3.30pm GMT), FOMC Statement and Federal Funds Rate (Wednesday 31st 7pm GMT) and ISM Manufacturing PMI (Thursday 1st 3pm).

Top Tiql Tips: 22nd to 26th Jan 2018

Guess who got her Tiql Tips?

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.

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

EUR: hotting up on the continent
When did the Eurozone start looking so good? Bearish attitudes to the US dollar this week make the euro an even better prospect. Some analysts are surprised as surging stock markets and booming economies are a world away from where many though Europe would be right now. A quick glance at the European indices on Monday morning showed green from top to bottom. But what will the rest of the week bring? Two main events stand out.

The World Economic Forum in Davos (Tuesday 23rd to Friday 26th) is a hub of business bigwigs and political heavyweights from across the globe. Meetings shaping economic policy and international business agendas go alongside whispered conversations that could be worth billions in the coffee bars and corridors. Listen out for any news concerning eurozone countries, currencies and businesses.

This event is likely to affect EURUSD and Dax.

Also big news this week, the European Central Bank’s Minimum Bid Rate (Thursday 25th January at 7.45am GMT) currently stands at 0.00%. No change is forecast, which sounds like nothing. However, if the zone’s economy is doing well and inflation is looming, there is an argument for rates to rise. Pay very close attention to the ECB Press Conference (Thursday 25th at 8.30am GMT) for clues to the future direction of the central bank’s interest rate policy. Traders will react if there are suggestions of a rise on the way and the EUR could go on a ride.

Likely to affect all EUR pairs.

USD: shut down or not, it’s a good trading week
There are lots of trading events affecting the dollar and US stock markets this week including the WEF in Davos, Crude Oil Inventories and Advance GDP. It seems not even political catastrophes like a shut down government are going to put traders off their business. With global growth surging ahead in the Euro zone and Asia, USD traders don’t need to get caught up with domestic disputes, but it’s the bears who are feeling good. USD tends to fall when the world does well.

One global event any USD players might want to trade this week is the World Economic Forum in Davos (Tuesday 23rd to Friday 26th). World business leaders get together in Switzerland this week to hammer out their shared vision for the future. There will be a stack of press releases for currency, commodity and stock traders to get excited over. This event is for everybody!

Although Trump’s attendance at Davos on Friday is now in question due to domestic trouble, his speech is expected to contrast sharply with the outward-looking tone from other quarters and could create some shockwaves in the markets.

Two key WEF dates: Tuesday 23rd (opening day) and Friday 26th (Trump’s speech).

Crude Oil Inventories has been in major decline since mid-November 2017 with an astonishing -6.9M barrel reduction last week. Analysts were slightly off-key with their restrained -1.4M forecast so don’t feel the need to believe them this week either (Wednesday 24th at 10.30am GMT). If you’ve been playing oil for a while, you are sure to have your own ideas.

Finally, the big domestic US figure to watch this week is Advance GDP (Friday 26th at 8.30am GMT). Currently at 3.2% forecasts are for a drop to 3.0%. Federal Reserve targets are 2.0% but the fact is the US economy is booming. Stock markets are at all time highs and Trump’s America First policy is giving producers confidence.

JPY: what’s the outlook for the Bank of Japan?
Things are rather depressed. The current long-term monetary policy set by the Bank of Japan has seen inflation creeping upwards but it’s not getting anywhere near the 2% target. Recent growth in the economy and rather too rosy expectations of medium to long-term rise in economic output makes Bank insiders think no change in policy is the way to go.

December’s solitary voice of dissent, newcomer Goushi Kataoka, argued that additional quantitive easing should be implemented to bolster the economy as the likelihood of inflation speeding up was so remote. The target for 10-year-bonds is 0% yield while interest rates stand at -0.1%. It’s not a pretty picture.

With the next update in March, few see a change in policy this month. Some analysts are even predicting current policy will stick until at least 2019. But Kataoka has cracked open the door to allow different opinions so the 8-1 ratio may change. If that happens, you can be sure markets will react.

After the Monetary Policy Statement, Outlook Report and Rate are announced (lunchtime Monday 22nd), the Press Conference (1.30am GMT Tuesday 23rd) should provide the most action on the markets for this event.

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

  • Tue Jan 23
    03:50:00 GMT JPY Monetary Policy Statement
    03:55:00 GMT JPY BOJ Outlook Report
    06:30:00 GMT JPY BOJ Press Conference
  • Wed Jan 24
    09:30:00 GMT GBP Average Earnings Index 3m/y
    15:30:00 GMT USD Crude Oil Inventories
    21:45:00 GMT NZD CPI q/q
  • Thu Jan 25
    12:45:00 GMT EUR Minimum Bid Rate
    13:30:00 GMT EUR ECB Press Conference
    13:30:00 GMT CAD Core Retail Sales m/m
  • Fri Jan 26
    09:30:00 GMT GBP Prelim GDP q/q
    13:30:00 GMT USD Core Durable Goods Orders m/m
    13:30:00 GMT USD Advance GDP q/q
    13:30:00 GMT CAD CPI m/m
    14:00:00 GMT GBP BOE Gov Carney Speaks
    14:00:00 GMT JPY BOJ Gov Kuroda Speaks

Some Markets to Watch…

AUDUSD: The Aussie has come up against some supply. While there may be more upside to go on this pair, it makes sense that there may be some correction on this pair. The half way back near the 200 SMA and previous supply might be of interest to the buyers. Right now, 0.80 is the key level to watch as we go into the trading week.

Gold: Gold has had a good run and is trading near some potential supply. Traders will be watching the 1345 zone to see how price behaves this week. If we get a move down, 1300 would make a good target for the bears and a likely place for the buyers to leg into any potential moves up.

GBPUSD: We are trading near a key level on cable. 1.40 is the key level to watch as we go into the trading week.

Crude Oil: The bulls have had a good run and we could imagine some covering going on at this level perhaps. The chart below outlines the key levels on crude as we approach the end of January.

USDJPY: Still range bound for now. The key levels to watch are 110.00 and 111.75 to see where traders can push this to. Bank of Japan news out early Tuesday and the speech on Friday might give this pair enough volatility to test these levels.

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

EUR: hotting up on the continent

looking good

The Eurozone hasn’t looked this good in years. Bearish attitudes to the US dollar makes the euro an even better prospect. Surging stock markets and booming economies are a world away from where plenty though Europe would be right now, but that’s what’s happened.

A quick glance at the European indices on Monday morning shows green from top to bottom. But what will this week bring? 2 key events stand out.

WEF

The World Economic Forum in Davos from Tuesday 23rd to Friday 26th brings together business bigwigs and political heavyweights from across the globe in one glorious financial bonanza. Meetings shaping economic policy and agendas rub alongside whispered conversations in the coffee bars and corridors that could be worth billions. Listen out for any news concerning eurozone countries, currencies and businesses.

Likely to affect EURUSD and Dax.

European Central Bank

The ECB delivers its Minimum Bid Rate on Thursday 25th January at 7.45am GMT. Standing at 0.00% the forecast is no change. But if the zone’s economy is on the up and inflation is looming, there is an argument for rates to rise. Pay close attention to the ECB Press Conference at 8.30am GMT for clues to the future direction of the central bank’s interest rate policy. Traders will react if there are suggestions of a rise on the way.

Likely to affect all EUR pairs.

USD: shut down or not, it’s a good trading week

US trading fun

Traders are excited about US currency and stock market trading opportunities this week including the WEF in Davos, Crude Oil Inventories and Advance GDP so it seems no political mishaps are going to put them off. With global growth surging ahead in the Euro zone and Asia, dollar traders don’t need to get caught up with domestic disputes, but it’s the bears who are feeling good. USD tends to fall when the world does well.

World Economic Forum

One global event you might want to trade this week is the World Economic Forum in Davos (Tuesday 23rd to Friday 26th). World business leaders get together in Switzerland this week to hammer out their shared vision for the future. There will be a stack of press releases for currency, commodity and stock traders to get excited over. This event is for everybody!

Trump’s attendance at Davos on Friday is now in question as the US government shut down started last week. But his speech is expected to contrast sharply with the outward-looking tone from other quarters and could create some shockwaves in the markets. Two key WEF dates: Tuesday 23rd (opening day) and Friday 26th (Trump’s speech).

Oil

Crude Oil Inventories has been in terminal decline since mid-November 2017 with a stonking -6.9M barrel reduction last week. Analysts were completely wrong with their restrained -1.4M forecast so don’t feel the need to listen on Wednesday 24th at 10.30am GMT either. If you’ve been playing oil for a while, you are sure to have your own ideas.

US Advance GDP

If all that isn’t enough, the big domestic US figure to watch this week is Advance GDP on Friday 26the at 8.30am GMT. Currently at 3.2% forecasts are for a drop to 3.0%. Federal Reserve targets are 2.0% but the fact is the US economy is booming. Stock markets are at all time highs and Trump’s America First policy is giving producers confidence.

 

 

What’s the outlook for the Bank of Japan?

Just a little depressed

Depressed, sadly. The current long-term monetary policy set by the Bank of Japan has seen inflation creeping upwards but not getting anywhere near the 2% target. Recent growth in the economy and rather rosy expectations of medium to long-term rise in economic output makes Bank insiders think no change in policy is the way to go.

December’s solitary voice of dissent, newcomer Goushi Kataoka, argued that additional quantitive easing should be implemented to bolster the economy as the likelihood of inflation speeding up was so remote. The target for 10-year-bonds is 0% yield while interest rates stand at -0.1%. It’s not a pretty picture.

With the next update in March, few see a change in policy this month. Some analysts are even predicting current policy will stick until at least 2019. But Kataoka has cracked open the door to allow different opinions so the 8-1 ratio may change. If it does, you can be sure markets will react.

dollar yet
Which way now for the USDJPY?

After the Monetary Policy Statement, Outlook Report and Rate are announced around lunchtime on Monday 22nd, the Press Conference at 3.30pm (1.30am GMT Tuesday 23rd) should provide the most action on the markets for this event.

Top Tiql Tips: 15th to 19th Jan 2018

Sharing tips makes us happy bunnies

Your free guide to the markets this week!

To help you to earn more with TIQL we’re sharing 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.

CAD: Bank Rate Thursday 

Traders get all excited when a national bank announces its latest rate and this week it’s Canada’s turn (3pm GMT Wednesday 17th). Its key Overnight Rate currently stands at 1.00% though forecasters predict a rise to 1.25% on the back of strong hints from banking figures. The last change was in September last year when it also rose by 0.25% from 0.75%.
It’s likely the rise will have been priced in so traders are more interested in the Rate Statement (3pm GMT Wednesday 17th), which might give insights into the reasons behind the decision and reveal any discord among the committee members. The Press Conference (4.15pm GMT Wednesday 17th) will be the most volatile time as the BoC Governor fields questions from the press.

CNY: the world’s production powerhouse

The world will learn the latest GDP figures for one of the world’s biggest economies this week. As a production powerhouse China’s consumption of resources directly impacts commodity prices, like oil, and other economies – Australia, we see you down there. Last quarter GDP grew by 6.8%. This time its forecast to dip to 6.7% ( 7am GMT Thursday 18th).

At the same time Industrial Production is released (7am GMT Thursday 18th). This is compared to figures from the same time last year. It looks like Industrial Production will remain the same at 6.1% compared to a year ago. It’s the main factor in the Chinese economy so any deviation from this will impact widely.
The Chinese currency is increasingly important after recent news that Germany’s central bank has started to include renminbi in its reserves. China keeps a tight rein on the exchange rate and the currency strengthened by nearly 7% against the dollar in 2017. Definitely one to watch.

Tiql players who want to start playing the yuan should watch commodities news, like oil. Crude Oil Inventories are one indicator they can also play (4pm GMT Thursday 18th). AUD is also related with a couple of good events this week.

USD: What would MLK say?

Martin Luther King (MLK) is the father of the anti-segregation movement. He even has his own national holiday (Monday 15th January) – Martin Luther King Day. It’s a Bank Holiday in the USA so the country will be rejoicing in its anti-racist hero instead of trading the markets for a day. After recent comments about Haiti and Africa, some would use that as an opportunity to make a cheap Trump joke. But he likes a day off as much as the next man.

US currency and commodities traders will be back in action from Tuesday when the biggest market action will come later in the week. USD traders can get stuck in with Building Permits (1.30pm GMT Thursday 18th January). This data gives analysts a good insight into future construction activity. Home building relies on a strong economy for a supply of buyers so any increase in the number of permits may suggest confidence. Current predictions suggest a slight drop (1.30M to 1.29M).

Unemployment Claims (1.30pm GMT Thursday 18th) will shed light on the number of people newly out of work. Early forecasts are positive with a fall of 10K predicted, down from 261K. This is good news for incoming Fed Reserve boss, Powell, who takes the reins of the economy next month.
Here are the main news events to look out for this week:

Tue Jan 16
◦ 09:30:00 GMT GBP CPI y/y
Wed Jan 17 
◦ 15:00:00 GMT CAD BOC Monetary Policy Report
◦ 15:00:00 GMT CAD Overnight Rate
◦ 15:00:00 GMT CAD BOC Rate Statement
◦ 16:15:00 GMT CAD BOC Press Conference
Thu Jan 18 
◦ 00:30:00 GMT AUD Employment Change
◦ 00:30:00 GMT AUD Unemployment Rate
◦ 13:30:00 GMT USD Unemployment Claims
◦ 13:30:00 GMT USD Building Permits
◦ 16:00:00 GMT USD Crude Oil Inventories
Fri Jan 19 
◦ 09:30:00 GMT GBP Retail Sales m/m

Some Markets to Watch…

Bitcoin: 13000 was defended late last week and BTCUSD is presently trading just above 14000. Where to next for this crypto? Who knows in the short term. We have resistance at 15,000 and previous demand at 13,000 and 12,000; these are the levels we are watching as we go into the trading week.

Brent Oil: $70 looks like an interesting level to watch on this market where we had previous demand there from 2015. $65 may support with previous recent demand.

Crude: Crude oil is also at a potential decision point. Will the bulls push on or is this the level sellers come in?

EURUSD: The euro has been well bought over the last few days. For now, the 1.23 level is key and we have seen some of the longs covering their positions here.

Gold: Looks like a retest of the highs is on the cards if the bulls can keep on the pressure. The chart below highlights some support and resistance levels, which may be of interest.

USDCAD: All eyes on 1.24 to see where it goes from here. More dollar weakness and we may see this level breached this week.

GBPUSD: 1.38 is a key level this week. We are testing the 61.8 fibonacci retracement and an old low made before the Brexit vote. This drive higher has been aided by the weak dollar and some recent news on Brexit negotiations.

USDJPY: the Yen is testing a key level now at 110.75. Below this, we might expect a test of the round number 110 and if we get a deeper correction, the 107.5 where we found demand before. Any trades back into the consolidation and 113 might provide resistance.

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: Bank Rate week

Hope the Rate is steadier than this moose

Traders get all excited when a national bank announces its latest rate and this week it’s Canada’s turn. On Wednesday 17th at 3pm GMT the Bank of Canada announces if its Overnight Rate will change. Currently standing at 1.00% forecasters predict a rise to 1.25% on the back of strong hints from banking figures. The last change was in September last year when it also rose by 0.25% from 0.75%.

It’s likely the rise will have been priced in so traders are more interested in the Rate Statement, also Wednesday 17th at 3pm GMT, which might give insights into the reasons behind the decision and reveal any discord among the committee members. The Press Conference, at around 3.45pm on Wednesday, will be the most volatile time as the BoC Governor fields questions from the press.