Top Tiql Tips: 6th to 9th March

Sharing tips like buddies do

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.

Here are our predictions for data that could make trading news this week:​

4 Bank Rates to Rock the Week

If you like the roller coaster ride when banks make interest rate decisions, you’ve got a good week ahead with 4 major rates being set.

First to go is the Reserve Bank of Australia announcing its new Cash Rate (Tuesday 6th March 3.30am GMT). The Rate Statement, out at the same time, could have a few hidden gems but the 1.50% rate looks likely to stay the same.
The Bank of Canada releases its new Overnight Rate next (Wednesday 7th 3pm GMT). With the recent rise in January, not many expect any change so the accompanying Rate Statement will be where it’s at. Listen out for news on NAFTA – news about the trade agreement is having a noticeable effect on CAD at the moment.

Contending with the fallout from the Italian elections as populist parties gained strength, all EUR trading eyes switched to the ECB this week. The European Central Bank’s Minimum Bid Rate (Thursday 8th 12.45pm GMT) has stood at 0.00% since March 2016. A majority of opinion holds that it won’t change this month either. The Eurozone economy was looking strong at the start of the year but experienced some bumps in the PMIs last month. This month Trump’s tariff threats add little positive to the mix so keeping things stable is high on the agenda.

Japan closes the week for bank rates when the Bank of Japan shares its latest Policy Rate (Friday 9th March time to be confirmed). Held at -0.1% since September 2016 there have been murmurs about a change of position. The Policy Statement and Press Conference should be good for positions into the weekend.

AUD: 7 essential data traders need to know

It’s a busy week for AUD traders with a plethora of data to digest. Here are the 7 essential data traders need to manage if they’re serious about their Aussie dollar action.

The biggest news of the week is the Reserve Bank of Australia’s Cash Rate and Rate Statement (Tuesday 6th 12.30am GMT). The 1.50% rate has stood for 19 consecutive months and few people expect RBA Governor Lowe to break that status quo. Futures markets don’t see any rise this year, not even a teeny little 0.25% one. That makes things interesting when the general economy appears to be doing well but data suggests the Aussie consumer is heavily debt-laden.

The Rate Statement, out just after the Cash Rate, will have traders analysing every word for clues to the direction of future rate changes. RBA’s Governor, Rob Lowe, has a difficult path to navigate.

Not as significant as the Cash Rate, the Australian Current Account is actually the first major AUD event of the week (Tuesday 6th 12.30am GMT). It should set the tone for traders. With the deficit set to grow from -9.1B to -12.3B, it doesn’t look like a cause for celebration.

Retail Sales (Tuesday 6th 12.30am GMT) adds more curious detail to the complex Australian picture with predictions of a swing to growth from -0.5% to 0.4%. Closely correlated to the domestic economy this is either a positive sign of a a strengthening economy or another nail in the debt coffin of the average citizen.

RBA Governor Lowe will address the issue of the Changing Nature of Investment in Sydney, Australia (9.35pm GMT Wednesday 7th March). Coming so soon after the new Cash Rate traders will be looking for indications of what Lowe plans to do next.

GDP (Wednesday 7th 12.30am GMT) had expectations of growth downgraded to 0.5% from 0.6%. That would be the second shrinkage in a row and way off the 1.1% seen a year ago.

The Aussie Trade Balance is the final major data of the AUD week (Thursday 8th 12.30am GMT). Forecasts suggest a swing from -1.36B to 0.22B in the black. With a weak AUDUSD pairing this could change a few minds to a positive outlook for the Australian dollar.

Plenty of events this week should give Tiql’s AUD traders lots of action and could see widely differing opinions of the currency emerge.

USD: vital job figures (but not for farmers) and other key data

Are you excited? We’re excited. What a trading week we’ve got this week for USD and the cream of the crop is Non-Farm Employment Change (Friday 9th March 1.30pm GMT).

Recent months have seen employment levels go against predictions more times than Trump’s tweets have upset world leaders, so buckle up for a fun market ride this week. Standing at 200k pundits expect a rise to 204k. The domestic economy is the biggest influence on the dollar so finding out whether John Doe has a job matters.

Also big on the dollar calendar this week is ISM Non-Manufacturing PMI (Monday 3pm GMT) with a healthy 59.9 predicted to drop to 58.9. That’s still way above the 50 threshold between positive and negative outlooks.

And don’t forget your midweek oil news with Crude Oil Inventories (Wednesday 7th 3.30pm GMT). OPEC may be mostly sticking to its agreement to make cuts to shore up oil prices, but the US is having none of it. Last week saw an increase of 3.0M when analysts only forecast 2.4M and previous weeks have been in the black since mid-January apart from one minor blip two weeks back.

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

    • Tue Mar 06
      • 18:15:00 GMT GBP MPC Member Haldane Speaks
      • 21:35:00 GMT AUD RBA Gov Lowe Speaks
    • Wed Mar 07
      • 00:30:00 GMT AUD GDP q/q
      • 13:15:00 GMT USD ADP Non-Farm Employment Change
      • 15:30:00 GMT USD Crude Oil Inventories
      • 15:00:00 GMT CAD BOC Rate Statement
      • 15:00:00 GMT CAD Overnight Rate
    • Thu Mar 08
      • 00:30:00 GMT AUD Trade Balance
      • 12:45:00 GMT EUR Minimum Bid Rate
      • 13:30:00 GMT EUR ECB Press Conference
      • 16:00:00 GMT CAD BOC Gov Poloz Speaks
      • 20:35:00 GMT CAD Gov Council Member Lane Sp
    • Fri Mar 09
      • 03:50:00 GMT JPY Monetary Policy Statement
      • 03:50:00 GMT JPY BOJ Policy Rate
      • 06:30:00 GMT JPY BOJ Press Conference
      • 09:30:00 GMT GBP Manufacturing Production m/m
      • 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 is pressured down as the market struggles to find fresh bullish catalysts to push it higher. We are currently trading within last week’s range. The key levels to watch are 12000 and 9000 as we go into the week.


USDJPY: We are still trading below a key zone and there is some clear trading space to 101. For now, this looks bullish on daily closes above 108 and bearish below 106. 101 remains a key area of interest for the bears.


Crude: Still in the range for now. Certainly a deeper correction is within reason. Right now the lines in the sand to watch are $61 and $64.


GBPUSD: The chart below says it all. We are trading at a key level here as you can see.

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

Top Tiql Tips: 27th Feb to 4th March

Tiql tips being delivered

Your free guide to the markets this week!

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.

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

GBP: Time to talk Brexit

Cable’s set for some disruption (Friday 2nd March 9am GMT) if the proposed speech by Prime Minister May goes ahead. Already the biggest news in the UK this week, May will set out her vision for the post-Brexit relationship between the UK and the European Union. The local press indicate a distinct lack of unity within the British government and early responses from European leaders to rumours of her plan are dismissive at best. This could be very, very bad for the pound.

Sterling and Bitcoin traders will also pay attention when the Bank of England’s Mark Carney speaks about cryptocurrencies and the evolution of money at the Scottish Economics Conference (Friday 2nd March 10am). Should be interesting.

Finally, the monthly purchase manager indexes are out this week. The Manufacturing PMI (Thursday 1st March 9.30am) looks reasonably healthy at 55.3 although this is under forecasts and significantly below the recent 58.2 peak in December. The Construction PMI (Friday 2nd 9.30am) on the other hand reflects an industry under the cosh. Last month it dropped against expectations to 50.2, dangerously close to the borderline between positive and negative outlooks. Some pundits forecast a small rise in confidence to 50.5 this month, though headlines indicate falling London prices and empty properties suggesting this may be rather optimistic. Could we see a sub 50 value for the first time in nearly 6 months?

USD: markets holding their breath till Powell testifies

New Fed Chair Jerome Powell is in the hot seat for his first major speech to the US government this week when he delivers his first testimony to Congress (Tuesday 27th at 1.30pm GMT). Markets across the world are treading water as they wait to hear what the pearls of wisdom he will share.

Jerome Powell, former investment banker and Trump’s preferred choice, will read a prepared statement and then take questions from the House Financial Services Committee. It’s the second part that could cause most turbulence as any unexpected answers will have the power to affect markets and currencies across the globe. Scoop, the New Zealand news site, reports NZD meeting a barrier at 73c at the start of the week while they wait for this speech. Other currencies are also likely to be affected.

Powell speaks again (Thursday 1st March 3pm GMT) when he testifies before the Senate Banking Committee. It might be a good idea to grab a copy from the Fed’s website when it becomes available as soon as he starts speaking. You could make a sharp move if you spot something. It’s a definite opportunity but no-one knows which way things will go.

Just like his session with the House Committee on Tuesday, Powell will take questions after he finishes reading. Both sessions are in response to the Semi-annual Monetary Policy Report, which was released last Friday.

Other important events likely to affect the dollar this week include Core Durable Goods (Tuesday 27th 1.30pm GMT), CB Consumer Confidence (Tuesday 27th 3pm GMT), Preliminary GDP (Wednesday 28th 1.30pm GMT), Crude Oil Inventories (Wednesday 28th 3.30pm GMT) and ISM Manufacturing PMI (Thursday 1st 3pm GMT).

AUD & NZD: volatile times down under

Watch out for volatility as antipodean currencies react to Powell’s first major speeches in post as the US Federal Reserve Bank Chair. Both the New Zealand dollar and Australian dollar have ‘interesting’ relationships with other currencies, especially sterling, USD and the Chinese yuan.

Also this week, the Kiwi dollar faces the likelihood of another pessimistic ANZ Business Confidence score (Wednesday 28th February 12am GMT). Hitting 0.0 back in September after a lengthy period of positivity, traders haven’t had an update since December as there is no data released in January. They will be keen to learn if the main industrial drivers of agriculture, manufacturing, retail, construction and services see a dim or bright future in 2018.

Business also takes centre stage in the Aussie economy as Private Capital Expenditure (Thursday 1st March 12.30am GMT) delivers a snapshot of economic health. Looking at the change in total inflation adjusted value of new capital expenditures made by private businesses, this data is a leading indicator of the health of the economy as increased business spending is seen to drive employment and growth. If it drops, jobs are likely to go and vice versa. Standing at 1.0% it’s predicted to rise to 1.1% supporting the view of business leaders that 2018 will be a boom year. Let’s see if they’re right.

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

  • Tue Feb 27
    • 13:30:00 GMT USD Fed Chair Powell Testifies
    • 13:30:00 GMT USD Core Durable Goods Orders m/m
    • 15:00:00 GMT USD CB Consumer Confidence
  • Wed Feb 28
    • 00:00:00 GMT NZD ANZ Business Confidence
    • 13:30:00 GMT USD Prelim GDP q/q
    • 15:30:00 GMT USD Crude Oil Inventories
  • Thu Mar 01
    • 00:30:00 GMT AUD Private Capital Expenditure q/q
    • 09:30:00 GMT GBP Manufacturing PMI
    • 15:00:00 GMT USD Fed Chair Powell Testifies
    • 15:00:00 GMT USD ISM Manufacturing PMI
  • Fri Mar 02
    • 09:00:00 GMT GBP Prime Minister May Speaks
    • 09:30:00 GMT GBP Construction PMI
    • 10:00:00 GMT GBP BOE Gov Carney Speaks
    • 13:30:00 GMT CAD GDP m/m
  • Sun Mar 04
    • 09:15:00 GMT EUR Parliamentary Election

Some Markets to Watch…

Bitcoin: BTCUSD broke back above 10,000 before hitting supply near the $12,000. It’s currently trading near $10,700. The key levels to watch are at $9000 and $12000 as we go into the week.

Crude Oil: Oil has confounded the bears, at least temporarily, by climbing the page. The chart below shows the bull bear lines which are of interest.


S&P Futures: The S&P broke out from a multi-day consolidation and is presently trading above 2750. The chart below shows the supply and demand zones which may be of interest to traders.


USDJPY: All eyes on the 107 to 108 zone. We are trading near some significant chart structure. More pressure on the dollar and we might expect some further downside on this FX pair.

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

GBP: Brexit, brexit, brexit

Time to talk Brexit

Cable’s set for some disruption on Friday 2nd March if the proposed speech by Prime Minister May goes ahead (time to be confirmed). Already the biggest news in the UK this week, May will be setting out her vision for the post-Brexit relationship between the UK and the European Union. Rumbles in the press indicate a wide lack of unity within the British government and early responses from European leaders to rumours of her plan are dismissive at best. This could be very, very bad for the pound.

Sterling and Bitcoin traders are also likely to pay attention when the Bank of England’s Mark Carney speaks about cryptocurrencies and the evolution of money at the Scottish Economics Conference, Friday 2nd March 10am.

Finally, the monthly purchase manager indexes are out this week. The Manufacturing PMI, out on Thursday 1st March at 9.30am, looks quite healthy at 55.3 although this is lower than forecast and significantly below the recent 58.2 peak in December. The Construction PMI, Friday 2nd 9.30am, on the other hand reflects an industry under siege. Last month it dropped against expectations to 50.2, dangerously close to the 50 borderline between positive and negative outlook. Though some pundits forecast a small rise in confidence to 50.5 this month, newspaper headlines around falling London prices and empty properties suggest this may be rather optimistic. Could we see a sub 50 value for the first time in nearly 6 months?

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

Top Tiql Tips: your weekly market guide (8th to 12th Jan)

Here’s to a new year of trading in 2018

To help you to earn more with TIQL we’re sending you this free guide to the markets and highlighting some 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: PPI & CPI
The Producer Price Index (PPI) (Thursday 11th January 1.30pm GMT) has been stable at 0.4% for three months. The Consumer Price Index (CPI) (Friday 12th January 1.30pm GMT) has been rather more volatile with no clear trend for many years.

Both data impact how the markets view USD because of their connection to the domestic economy, which is the key factor in USD value. PPI impacts inflation and it’s interesting to note recent news, according to the FT, that market investors are currently choosing funds that protect against inflation. The target rate of 2% inflation is close to how things stand so the forecast seems reasonably steady for Federal Reserve Bank’s new Chair, Powell, when he starts next month.

We are sure Powell will be keeping a close eye on the less-predictable CPI due the Reserve Bank’s mandate to contain inflation. A low figure this week will probably be seen by most as a good result.

Oil: politics affects prices
This week Crude Oil Inventories (Wednesday 10th January 3.30pm GMT) is likely to see another drop but what that does to USD remains to be seen.

In 2017 OPEC worked hard to manipulate the price of oil by agreeing to reduce production levels. Other like-minded oil producers, such as Russia, joined them. Stock levels were high for a long time and prices didn’t recover as well as they’d have liked leading to a change in how things work in Saudi Arabia. This hit the news last week as 11 Saudi princes were arrested for demonstrating against their newly imposed utility bills. Life is so hard as a modern Middle East prince. So hard.

There are mixed views on whether oil production overall will rise this year and that is a determining factor in price. To ensure its arms sales to the Middle East go smoothly, Russia is unlikely to renege on its deal with OPEC. Other oil-producing countries face war, poor infrastructure and natural declines in production leading some to declare supplies will fall and prices will increase.

On the other hand, the US has not been working with OPEC to reduce output and shale production is on the rise boosting US oil inventories. Trump’s America First policy means it is likely to push forward with production and that could keep prices low. This would be good news for US domestic gas guzzlers as well as manufacturers in the heartland of Trump’s power base. In an election year, he is sure to have this in mind.

GBP: Manufacturing Production monthly
Post-Brexit Britain has been on a bumpy economic ride. Confusion over what Brexit actually means and posturing in the EU negotiations has resulted in nervous markets. While UK unemployment is at its lowest for 40 years, productivity appears so subdued that the Bank of England raised rates in November for the first time in a decade.

It would be fair to say that the UK has been the slowest to recover from the crash of 2008 of all the advanced economies. This week Manufacturing Production monthly (Wednesday 10th January 9.30am GMT) will shed light on progress. If the Brits start making more and selling more both domestically and internationally, some of those jitters might calm down. And for the last 3 months manufacturing production has been rising nicely. Maybe the EU market isn’t such a big deal?

Only joking – news that broke on 7th January 2018 suggested UK importers may face massive increases in upfront cost increases. And it’s a shame then that analysts saw December’s Manufacturing Production monthly figure of 0.7% as something of a peak. They reckon it is going to fall back to as low as 0.1%. Let’s be positive – at least it is in the black. But if they’re right or if it’s even worse than that, markets really won’t like it. Manufacturing Production makes up about 80% of total industrial production and it’s quick to react to consumer conditions. All in all, GBP is starting 2018 on the back foot.

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

  • Mon Jan 08
    • 15:30:00 GMT CAD BOC Business Outlook Survey
  • Wed Jan 10
    • 09:30:00 GMT GBP Manufacturing Production m/m
    • 15:30:00 GMT USD Crude Oil Inventories
  • Thu Jan 11
    • 00:30:00 GMT AUD Retail Sales m/m
    • 13:30:00 GMT USD PPI m/m
  • Fri Jan 12
    • 13:30:00 GMT USD Core CPI m/m
    • 13:30:00 GMT USD CPI m/m
    • 13:30:00 GMT USD Retail Sales m/m
    • 13:30:00 GMT USD Core Retail Sales m/m

Some Markets to Watch…

BTCUSD: Bitcoin almost reached the $20,000 level before falling off dramatically before the end of the year. Right now we are ping-ponging in a range between $13,000 and $17,000. Any breaks below the $13,000 support and $12,000 and $11,000 has attracted buyers before.

USDJPY: This pair has been moving in a range now for some time. We have resistance at 113.75 and significant previous demand at 1114.50. 112 is supporting with the 200 simple moving average close by.

Crude Oil: Looking at the weekly and we can can there may be some supply near $63. We might see some tactical shorting here but this looks bullish above $60.

EURUSD: we have come off of the highs with sellers coming in at the August highs. A retracement to the halfway back and previous demand may see this pair pull back to 118 before retesting the highs.

GBPUSD: Cable is still technically in a channel making higher highs and higher lows. There could be some unfinished business at 1.38 on this pair, which was the support level dramatically broken on the Brexit vote. If you’d been long on this pair for a while, it might be a level to cover. The bears might be eyeing this level as well as a point of interest for a short play.​

Gold: Gold bugs will be bullish on this market above 1300. We have moved back into the channel again and the recent highs of 1357 could be retested. Below 1300, this starts to look bearish and we may start to see a deeper correction.

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

Top Tiql Tips: 4th to 8th Dec

Like Meghan we’re excited

We’re sharing this free guide to the markets and dates to watch this week to help you to earn more with TIQL. 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: the week ahead
The big ticket calendar event is the ever volatile Non-Farm Employment Change (Friday 8th Dec 1.30pm GMT), which is forecast to slow down by over a fifth this month growing by only 200k. As the Reserve Bank has set itself a target of zero unemployment, any reduction is likely to be taken badly.

Despite last month’s surprise employment drop, the dollar remained bullish to the end of that trading week. This time we have the recent tax bill, which continues to boost US markets at the start of this week. Both signs suggest there is a lot of support for the dollar available.

Things that may wobble USD markets this week include the political powder kegs of North Korea, Trump’s twitter feed, and Crude Oil Inventories (Wednesday 6th Dec 3.30pm GMT).

AUD: which way is the economy heading?
The antipodean currency is often buffeted by changes in USD, CNY and other major trading partners making it a fun one to trade. This week offers some homegrown events that could get the markets excited.

There is a chance the Current Account will improve by nearly 1 billion USD (Tuesday 5th 12.30am GMT), which would start the week well. Retail Sales (Tuesday 5th 12.30am GMT) are also forecast to improve (0.0% to 0.3% growth), while the big news is the Rate Statement (3.30am GMT Tuesday 5th). In October, this was kept at a record low of 1.5% and there are mixed views on what will happen this week though most suspect it will stay the same. The argument is that low rates are stimulating the economy.

Later in the week, GDP is forecast to drop by 0.1% to 0.7% (Wednesday 6th 12.30am GMT) and the Trade Balance looks set to shrink by around 0.3 billion or so (Thursday 7th 12.30am GMT). With mutterings about a recession or even depression in pundit circles, there is talk of a banking bubble built on a property bubble on a mining bubble on a commodities bubble all fuelled by a Chinese bubble. Is the Aussie economy about to go pop?

BTC: boom or bubble?
You’d have to be living under a rock to have missed the meteoric rise and fall of Bitcoin over the last few days. Hitting an incredible $11,000 peak on Wednesday 29th before falling back, the currency is climbing again (Monday 4th December) with no-one sure where it will go next. Debate has raged about the nature of the movement with many warning against investment, among them the Bank of France’s Governor saying “Bitcoin is a speculative asset and people who invest in it do so at their own risk”.

There are clearly fortunes to be made (and lost) in the gold rush for the cryptocurrency, which has no tangible asset form. With a global value outpacing that of some international banks, Bitcoin even outstrips some economies, such as New Zealand.

For market speculation with a thrill, and a sizeable risk, there is little to beat Bitcoin trading this week. US regulators have recently given the green light to futures trading on the asset adding further legitimacy to the flag-bearer of cryptocurrencies. However you feel about it compared to national currencies or commodities, this is a market worth exploring and open seven days a week.

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

  • Tue Dec 05
    00:15:00 GMT NZD RBNZ Gov Spencer Speaks
    00:30:00 GMT AUD Current Account
    00:30:00 GMT AUD Retail Sales m/m
    03:30:00 GMT AUD RBA Rate Statement
    09:30:00 GMT GBP Services PMI
    15:00:00 GMT USD ISM Non-Manufacturing PMI
  • Wed Dec 06
    00:30:00 GMT AUD GDP q/q
    13:15:00 GMT USD ADP Non-Farm Employment Change
    15:00:00 GMT CAD Overnight Rate
    15:00:00 GMT CAD BOC Rate Statement
    15:30:00 GMT USD Crude Oil Inventories
  • Thu Dec 07
    00:30:00 GMT AUD Trade Balance
    13:30:00 GMT USD Unemployment Claims
    16:00:00 GMT EUR ECB President Draghi Speaks
  • Fri Dec 08
    09:30:00 GMT GBP Manufacturing Production m/m
    13:30:00 GMT USD Unemployment Rate
    13:30:00 GMT USD Average Hourly Earnings m/m
    13:30:00 GMT USD Non-Farm Employment Change

Some Markets to Watch…

BTCUSD: bitcoin continues its drive higher. We touched $11,800 over a volatile weekend of trading. $9000 and $8000 would be key areas to watch on any retraces which could be fast and deep on this market.

Crude Oil: As long as this market trades over the $55 with support from the 200 SMA and previous chart structure, it looks like this market might try and run the stops at the recent highs. There may be supply higher up given the price structure from the sell off in 2015. The bears will likely be watching the $58 and $60 levels. Any daily closes below $55 and the bears may try for a deeper move down to next potential demand zone at $52/$53.

EURUSD: While supported above 1.17, this may grind higher. We have a recent failed head and shoulders pattern which may still have some traders stuck short looking to get out.

GBPUSD: Cable has tested the old halfway back and continues to grind higher. The 61.8 is near 1.3860, which was a previous demand zone that was quickly broken through on Brexit news. The market may have some unfinished business at that price point. For now, above 1.32, this looks like it might continue to grinder higher. Any daily breaks below this level and the 200 SMA might beckon this market.

Gold: The shiny metal continues to move in the range. We have the 200 SMA and previous demand providing some support; for now, the technical picture has it consolidating and supported above the 1260.

USDCAD: The loonie has made a double top of sorts and has found some support at the previous supply zone (now acting as support) at 1.2650. For now, we are in a consolidation zone, any breaks down and the next major support zone might be 1.24.

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

BTC: is it bubblelicious?

Some bubbles are fun

You’d have to be living under a rock to have missed the meteoric rise and fall of Bitcoin over the last few days. Hitting an incredible $11,000 peak on Wednesday 29th before falling back, the currency is climbing again on Monday 4th December with no-one sure where it will go next. Debate has raged about the nature of the movement with many warning against investment, among them the Bank of France’s Governor saying “Bitcoin is a speculative asset and people who invest in it do so at their own risk”.

There are clearly fortunes to be made (and lost) in the gold rush for the cryptocurrency, which has no tangible asset form. With a global value outpacing that of some international banks, Bitcoin also outstrips some economies, such as New Zealand.

For market speculation with a thrill, and a sizeable risk, there is little to beat Bitcoin trading this week. US regulators have recently given the green light to futures trading on the asset adding further legitimacy to the flag-bearer of cryptocurrencies. However you feel about it compared to national currencies or commodities, this is a market worth exploring.

Top Tiql Tips: 28 Nov to 1 Dec

Your Tiql tips are like this cat

Your free guide to the markets this week is a gift to help you to earn more with TIQL. We’re sending you this free guide to the markets and dates to watch this week because 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: Fed Chair Change
This week traders will be excited to hear from Federal Chair Designate Powell. Powell is lined up to take over the hot seat from the current Chair, Yellen, in February 2018. With only weeks to go, markets are keen to know his take on the economy. They get the chance to hear his views when he testifies on his nomination before the Senate Banking Committee (Tuesday 28th 3pm GMT). Currently Federal Governor, Jerome Powell is Trump’s pick as the next leader of the national bank. Trump says “He’s strong, he’s committed, he’s smart.”

Treasury Secretary Mnuchin(Tuesday 28th 8.45pm GMT) is speaking about the evolving structure of the US treasury market. As Trump’s economic spokesman this is a key event that could deliver news on changing policies. Dollar markets and stock indices will be affected if that happens.

Finally, Yellen is due to testify on the economic outlook before the Joint Economic Committee of Congress (Wednesday 29th 3pm GMT). As the current Chair of the Federal Reserve Bank, her views are the most important, and there is possibility of one more rate rise before she is replaced in February.

GBP: Bank Stress
The 2008 crisis led to the creation of the Bank Stress Test (Tuesday 28th 7am GMT) in the UK to try and forestall any similar events happening in the future. Designed to find out 7 key banks’ stability and capital reserve adequacy any fails would send minor shockwaves through the City of London and push the currency down.  Bank of England Governor Mark Carney gives a Press Conference (Tuesday 28th 7.30am GMT) about the results, which could cause volatility on the markets.

Carney talks again (Wednesday 29th 2pm GMT) discussing the Fair and Effective Markets Review at the Fixed Income Currencies and Commodities Markets Standards Board.

The Bank is under pressure after shocking reports suggesting stagnant incomes may not exceed their 2008 levels until 2022. The economy is facing inflation and unemployment is low but productivity estimates and business investment are down. The OBR revised growth estimates to 1.5% from 2% at the end of last week. With a recent rate increase, some are wondering if the Bank made the right move.

CAD: Is it working hard or just hard work?
December starts this Friday and with it a wealth of employment news that could affect the Canadian dollar. A positive employment streak has boosted Canada since August 2016 and that looks set to continue if forecasts for Employment Change (Friday 1st 1.30pm GMT) are correct. As you’d expect, the Unemployment Rate (Friday 1st 1.30pm GMT) has steadily fallen since it stood at 7.0% in August 2016 and is currently at 6.3% but if that changed, markets would react.

Both figures are important to the economy but GDP (Friday 1st 1.30pm GMT) is an essential measure of economic health. Released monthly in Canada, GDP shrank by -0.1% for the first time in nine months suggesting things aren’t altogether rosy in Mountie country.

If you want to kick off the action with CAD earlier in the week, it might be good fun to ride the volatility around BoC Governor Poloz’s Press Conference (Tuesday 28th 4.30pm GMT). While he’s talking about the Financial System Review, questions from the press could lead to insights into his attitude towards the current pressures facing the Canadian economy and that could change traders minds about buying or selling. Enjoy.

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

Tue Nov 28
07:00:00 UTC 2017 GBP Bank Stress Test Results
07:30:00 UTC 2017 GBP BOE Gov Carney Speaks
15:00:00 UTC 2017 USD Fed Chair Designate Powell Speaks
15:00:00 UTC 2017 USD CB Consumer Confidence
16:30:00 UTC 2017 CAD BOC Gov Poloz Speaks
20:45:00 UTC 2017 USD Treasury Sec Mnuchin Speaks
20:00:00 UTC 2017 NZD RBNZ Financial Stability Report

Wed Nov 29
00:00:00 UTC 2017 NZD RBNZ Gov Spencer Speaks
13:30:00 UTC 2017 USD Prelim GDP q/q
14:00:00 UTC 2017 GBP BOE Gov Carney Speaks
15:00:00 UTC 2017 USD Fed Chair Yellen Testifies
15:30:00 UTC 2017 USD Crude Oil Inventories

Thu Nov 30
00:00:00 UTC 2017 NZD ANZ Business Confidence
00:30:00 UTC 2017 AUD Private Capital Expenditure q/q
0:00:00 UTC 2017 EUR CPI Flash Estimate y/y
13:30:00 UTC 2017 USD Unemployment Claims

Fri Dec 01
09:30:00 UTC 2017 GBP Manufacturing PMI
15:00:00 UTC 2017 USD ISM Manufacturing PMI
13:30:00 UTC 2017 CAD GDP m/m
13:30:00 UTC 2017 CAD Unemployment Rate
13:30:00 UTC 2017 CAD Employment Change

Some Markets to Watch…

BTCUSD: BTC just keeps on impulsing higher. Next resistance is $10,000. We broke through key resistance over weekend trading.

Crude Oil: We’ve seen some selling pressure at the supply zone at $58.50. Key support is at $55 with further resistance at $60 should we break through the highs.

EURUSD: We traded out of the channel last week and this pair is currently trading above 1.19. This price is key for the bulls and if they can sustain here they might gun for 1.2051 and the recent September highs.

GBPUSD: The bulls have managed to keep this pair supported. If they can sustain above 1.3350 on a daily closing basis, there could be a bullish thesis with a target of 1.35 (the 50% retracement from the 2016 move down).

Gold: We’ve been anticipating the rotation higher on Gold. We are testing some key resistance at 1300. Daily closes above this level and the bulls may target 1350. As long as gold trades above 1260 and within the channel, the bullish thesis for this market remains in place.

USDJPY: This pair is looking heavy now, having failed to take out the highs near 114.50 a number of times. We have possible intraday supply at 111.75 and the Yen is currently probing support at 110.75.

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

Top Tiql Tips: 13th to 17th Nov

Love it

Here is your useful free guide to the markets this week to help you to earn more with TIQL. It has all the key market events and dates to watch this week. Economic news and announcements often 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.

CPI: 3 major events this week
The Consumer Price Index is a good indication of inflation and is one reason why the BoE recently raised rates. Standing at 3.0% y/y CPI, forecasts suggest little change at 3.1% (Tuesday 14th 9.30am GMT). Interestingly, many analysts believe the Retail Price Index (Tuesday 14th 9.30am GMT) gives a better correlation for inflation. That’s currently at 3.9% but it looks set to break the 4% mark and possibly reach 4.1% y/y change. Not good for the U.K.

If the pound is not your thing, you might watch the USD CPI event (Wednesday 15th 1.30pm GMT). CPI is forecast to drop from 0.5% to 0.1% m/m though Core CPI is set to rise from 0.1% to 0.2% at the same time showing how volatile CPI data can be.

Canada also delivers CPI data this week (Friday 17th 1.30pm GMT). Last month it didn’t quite reach the forecast 0.3% and settled for 0.2% instead. This month looks set to drop that further to 0.1% if the pundits are correct.

Interest Rates: 4 bankers to listen to
Last week’s GBP interest rate increase means the Bank of England’s Mark Carney is in demand. If you want to hear him speak, tune in to the Central European Bank’s discussion “At the heart of policy: challenges and opportunities of central bank communication” (Tuesday 14th 10am). It will be riveting. No really, because this key event also gives Federal Reserve Bank Chair Yellen, European Central Bank President Draghi and Bank of Japan Governor Kuroda a platform. Traders will be listening for insights into the prevailing sentiment for each central bank and what that might mean for interest rates.

For further banker gems, catch Kuroda (5.45pm GMT Monday 13th) at the University of Zurich. Then Carney delivers pearls of wisdom when talking to members of the UK Monetary Policy Committee at Future Forum 2017 in Liverpool (Thursday 16th 2pm GMT). Finally, Draghi rounds the week off with a rousing speech entitled “Europe into a New Era – How to Seize the Opportunities” (Friday 17th 8.30am GMT).

Retail Sales: 2 events to trade
The U.S.A. and the U.K. both release their monthly Retail Sales figures this week. As a key indicator of the health of the economy, how much the public spends at the shops is essential knowledge for currency traders and stock markets alike.

The US delivers two key data: Core Retail Sales and Retail Sales (1.30pm GMT Wednesday 15th). The main difference is that the Core figures exclude automobile sales, which can be volatile. US shoppers have been anything but reliable in the last year so last month’s 1% growth for Core isn’t any guarantee this month will also be positive, though forecasts are for 0.2%. As shoppers start thinking about Christmas, that is maybe to be expected and a drop would be extra worrying.

Britain’s shopping figures have suffered a similarly unpredictable pattern over the last year and a negative figure certainly won’t help GBP. The recent interest rate hike won’t have had a chance to impact domestic sales so any decline can’t be blamed on that. Analysts are positive seeing an upturn from -0.8% to 0.2% (Thursday 16th 9.30am GMT), but will the markets see that as strength or wonder about increasing levels of personal debt?

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

  • Mon Nov 13
    17:45:00 GMT JPY BOJ Gov Kuroda Speaks
  • Tue Nov 14
    09:30:00 GMT GBP CPI y/y
    10:00:00 GMT JPY BOJ Gov Kuroda Speaks
    10:00:00 GMT GBP BOE Gov Carney Speaks
    10:00:00 GMT USD Fed Chair Yellen Speaks
    10:00:00 GMT EUR ECB President Draghi Speaks
    13:30:00 GMT USD PPI m/m
  • Wed Nov 15
    09:30:00 GMT GBP Average Earnings Index 3m/y
    13:30:00 GMT USD Retail Sales m/m
    13:30:00 GMT USD Core CPI m/m
    13:30:00 GMT USD Core Retail Sales m/m
    13:30:00 GMT USD CPI m/m
    15:30:00 GMT USD Crude Oil Inventories
  • Thu Nov 16
    00:30:00 GMT AUD Employment Change
    00:30:00 GMT AUD Unemployment Rate
    09:30:00 GMT GBP Retail Sales m/m
    13:30:00 GMT USD Unemployment Claims
    14:00:00 GMT GBP BOE Gov Carney Speaks
  • Fri Nov 17
    08:30:00 GMT EUR ECB President Draghi Speaks
    13:30:00 GMT USD Building Permits
    13:30:00 GMT CAD CPI m/m

Some Markets 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.

World Indices: Looks like we may have seen some selling pressure come into the stock indices last week. A stand-out chart is the Nikkei where we can see a bearish candle that must be giving the bulls a little pause. The Dax has printed some sell-off candles that might also look scary to the bulls.

EURUSD: The euro is still trading below the chop zone with the longs defending those lows for now. Any daily closes back into the chop zone and we can expect more side-to-side action while the bulls and the bears look for a side to dominate.

USDJPY: The yen remains trading under 114.50 failing to break out to new highs. Below this level, it’s likely the bears will position into the old highs to get short. We saw the price briefly break up above the 114.50 shaking out the weak hands before falling lower. Any price acceptance with daily closes above this level, will we see a move higher?

BTCUSD: The crypto pair has come under pressure since Friday. Today, buyers stepped in at the half way back to defend. Will we see a retest of the highs or see another large drop on BTC? If the half way back should breach, there is possible demand at the 61.8 Fibonacci retracement near $4950 to $5000 zone.

Crude Oil: looks like it is all about the 200 SMA on the weekly chart as Oil returns to the moving average for the first time since 2014. We do have some supply zones ahead and we could expect some selling pressure here. The $55 will be a key test for the shorts as can be seen on the daily chart.

GBPUSD: We continue to trade within a consolidation/chop zone. Traders will be try to trade the edge of this zone but ultimately we need a clear break higher or lower to get involved.

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

Your helpful weekly guide to the markets: 16th to 20th Oct

Just your average helpful friend

Helpful! That’s us. So to help you to earn more with TIQL we’re giving you this free guide to the markets and some key 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. You will receive $1 the very first time someone you invite makes a deposit of $5 of more. 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.

CPI: 3 dates this week
New Zealand’s quarterly CPI (Monday 16th at 9.45pm) could rise from its flat 0.0% to 0.4% or possibly even 1.8% depending on who you ask. Either result should give the NZDUSD pair a boost.

Great Britain‘s yearly CPI change (Tuesday 17th at 8.30am GMT) isn’t setting traders pulses racing with predictions along the lines of ‘nothing happening.’ The sluggish economy may see a nudge up from 2.9% to 3.0%, but with targets set at 2%, no-one is going to like that much.

Canada’s monthly CPI (Friday 20th at 12.30pm GMT) concerned analysts when it shrank from 0.2% to 0.1% last month. Combined with worries over the strength of NAFTA the currency isn’t looking as strong as it was. Could it drop to 0.0% this week?

AUD: rate rise news
The Reserve Bank’s Monetary Policy Meeting Minutes (17th at 12.30am) should explain the Reserve Bank of Australia’s recent interest rate decision. The rate maintained its record low position of 1.5% at the start of October and some feels this is holding the currency down. Opinions about how wise the current policy is are rather varied though ‘stuck between a rock and a hard place’ was one recent judgement.

Employment: 4 key figures
GBP could see movement from the Average Earnings Index (Wednesday 18th at 8.30am GMT.) British workers’ wages have stagnated despite increasing inflation casting doubt on the Bank of England’s upcoming rate rise plans. We will be watching closely when Bank of England’s Mark Carney talks to the Treasury Select Committee on Tuesday 17th at 10.15am. Expect to get a good insight into his current rate policy and attitude towards the employment data. Low unemployment is good but if the jobs are poorly-paid and insecure, the economy isn’t going to start flying any time soon.

The United States‘ weekly Unemployment Claims (Friday 20th at 12.30pm GMT) has predictions for a small rise (243K to 245K) but that is in the context of a period of low unemployment and a similar wage problem to the U.K.

Australia also reveals its monthly Unemployment Rate this week (Thursday 19th at 12.30am GMT). At the same time, the monthly Employment Change data is released. Last month saw a bit of a jump in unemployment (29.3K to 54.2K) while the employment rate remained steady at 5.6%. Expectations are for a small fall in the numbers and the rate to stay around the same. Slow and steady wins the race or stalls the economy?

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

Monday 16th October
21:45:00 GMT NZD CPI q/q

Tuesday 17th October
00:30:00 GMT AUD Monetary Policy Meeting Minutes
08:30:00 GMT GBP CPI y/y
10:15:00 GMT GBP BOE Gov Carney Speaks

Wednesday 18th October
08:10:00 GMT EUR ECB President Draghi Speaks
08:30:00 GMT GBP Average Earnings Index 3m/y
12:30:00 GMT USD Building Permits
14:30:00 GMT USD Crude Oil Inventories

Thursday 19th October
00:30:00 GMT AUD Employment Change
00:30:00 GMT AUD Unemployment Rate
08:30:00 GMT GBP Retail Sales m/m
12:30:00 GMT USD Unemployment Claims

​Friday 20th October
12:30:00 GMT CAD CPI m/m
12:30:00 GMT CAD Core Retail Sales m/m
23:30:00 GMT USD Fed Chair Yellen Speaks
12:30:00 GMT 2017 USD Retail Sales m/m

Some Markets to Watch…

BTCUSD: bitcoin continues its steam roll upwards making new highs in the last week. If BTC continues its momentum, could we see $6000 this week? Downside support levels where the bulls might take action are shown in the chart below. Retracements tend to be fast and deep on this market so take care and always use a stop loss.

GBPUSD: Broke through the key price level 1.3250 and is now trading just below last week’s high. This pair has been moving in a channel making higher highs and higher lows since the beginning of the year and had broken through the 50% retracement at 1.35. Some daily closes above the 1.3250 and we might see the bulls push on to retest the yearly highs and top of the channel. If the bears can push this market down, we might see a retracement to old support and the 200 simple moving average.

Gold: It looks like the bulls have this market for now. The symmetrical pattern we were watching played out and we have had a daily close above the key resistance level at 1295. Watching to see if the bulls can push this to retest the recent highs.

USDJPY: Make or break level for the USDJPY here. Could be a good price for the buyers to load and continue this year’s upward move on gold.

Crude: Still watching the ABCD pattern play out for a retest into the $54.5 level and the 50% extension of the upward move which began in mid June. $53 is the level to watch this week for any defence by the shorts.

USDCAD: this pair is trading above key support at 1.24. We have resistance at 1.2750 and the next demand level at 1.2050.

 

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 are often volatile 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!