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.

Festive Tiql Tips: 19th to 22nd December

Merry Christmas from all of us at Tiql

It’s the week before Christmas and many traders around the world are winding down. Remember many countries including the US won’t trade on Monday 25th and a lot of traders will take next week off.

But there is a packed calendar of events to trade before the long weekend so we’d like to help you to earn more with TIQL by 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: twas the week before Christmas
If you haven’t moved your portfolio to Bitcoin, kick off your week with some USD action with Building Permits (Tuesday 19th 1.30pm GMT). Last month’s increase to 1.32M looks like a blip as forecasts indicate a drop back to 1.28M ending the year up from where it started.

Analysts forecast the quarterly Final GDP (Thursday 21st 1.30pm GMT) at 3.3% up from last quarter’s 3.1%. This is almost as high as December last year when it peaked at 3.5% before dropping sharply back to 1.4% by July.

Core Durable Goods (Friday 22nd 1.30pm GMT) is a great indicator of manufacturing health and is likely to be less than the 0.9% revised figure from last month at 0.5% predicted.

It’s a mixed bag for the US but in the context of a tax cutting bonanza for corporations the economy looks appealing and many pundits see a strong currency.

GDP: 3 events to trade
Gross Domestic Product is a popular snapshot into the economy as it measures the change in the value of all goods and services adjusted by inflation. This week we get to grips with GDP for three major economies – Canada, New Zealand and the United States as traders set up their positions for the holiday season.

Canada’s economy is either rebounding or back to Earth depending on which pundits you prefer. What they mean is it is anybody’s guess at this point. CAD is an interesting currency to trade and the uncertainty could give you plenty of opportunities to cash in. The GDP forecast (Friday 22nd 1.30pm GMT) is for 0.2% to stay the same.

New Zealand seems to have a more positive consensus in analysts circles with views that its economy is on the up. But, in contrast, GDP growth may apparently slow. This month’s GDP news (Wednesday 20th 9.45pm GMT) is forecast to contract to 0.6% from 0.8%.

The U.S. quarterly Final GDP data (Thursday 21st 1.30pm GMT) is looking strong. If it reaches predictions of 3.3% it will almost be back at its December 2016 peak.

Oil: a booming market
Traders have enjoyed the strongest year in oil for some time with prices up almost 15% as we head towards the end of the year despite the raft of bearish news in recent weeks.

OPEC has worked hard to cut production although this hasn’t always been fully supported, even within its own ranks. The result has been generally positive and US Crude Oil Inventories (Wednesday 19th 3.30pm GMT) also show reductions for the majority of the year since mid-February, supporting a rising price. Last week’s -5.1M barrels wasn’t dissimilar from the week before and there’s every indication that prices will remain strong. But every trader will tell you that oil can turn on a dime. The question is whether this is the week that will happen .

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

  • Tue Dec 19
    • 00:30:00 UTC 2017 AUD Monetary Policy Meeting Minutes
    • 13:30:00 UTC 2017 USD Building Permits
  • Wed Dec 20
    • 13:15:00 UTC 2017 GBP BOE Gov Carney Speaks
    • 15:30:00 UTC 2017 USD Crude Oil Inventories
    • 21:45:00 UTC 2017 NZD GDP q/q
  • Thu Dec 21
    • 03:50:00 UTC 2017 JPY Monetary Policy Statement
    • 04:00:00 UTC 2017 JPY BOJ Policy Rate
    • 06:30:00 UTC 2017 JPY BOJ Press Conference
    • 13:30:00 UTC 2017 USD Unemployment Claims
    • 13:30:00 UTC 2017 USD Final GDP q/q
    • 13:30:00 UTC 2017 CAD CPI m/m
    • 13:30:00 UTC 2017 CAD Core Retail Sales m/m
  • Fri Dec 22
    • 09:30:00 UTC 2017 GBP Current Account
    • 13:30:00 UTC 2017 USD Core Durable Goods Orders m/m
    • 13:30:00 UTC 2017 CAD GDP 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.

AUDUSD: We saw Australian strength last week as the AUDUSD climbed to test the 200 SMA near a key supply zone and descending trend line. For now the range is defined by 0.77 and 0.75.

BTCUSD: $20,000 is beginning to look vulnerable now before the new year at this rate. Above 17,000, the outlook remains bullish.

Crude: Looking at the weekly chart, crude oil is approaching some significant potential supply near the $64 zone. We have an ABCD pattern playing out and completing in the confluence of two 50% extensions from earlier bullish moves. Drilling down to the daily chart, we can see there is near term resistance at $59 with some recent support (which was resistance) nearby ab $55.

GBPUSD: 1.3250 continues to be the line in the sand for Cable (the term used by traders to refer to GBPUSD). A level which may be of interest to the bulls as a likely target is 1.38, which is the low made in February of last year and the 61.8 Fibonacci retracement from the Brexit move down. For now, the channel is holding at 1.325, which remains a key level.

Gold: This market has begun to move back into the range after the break down below 1260 and out of the channel. Any daily closes above 1260 and this can be considered to be trading in the range. If the sellers come in and manage to get below 1250 on a daily closing bases and we could see a deeper correction to 1205 before the shorts cover.

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

3 GDPs to trade before Christmas

Lets see

This week we get to grips with GDP for three major economies – Canada, New Zealand and the United States as traders set up their positions for the holiday season. Gross Domestic Product is a popular snapshot into the economy as it measures the change in the value of all goods and services adjusted by inflation. 

Canada’s economy is either rebounding or back to Earth depending on which pundits you prefer. What they mean is it is anybody’s guess at this point. CAD is an interesting currency to trade and the uncertainty could give you plenty of opportunities to cash in. The forecast on Friday 22nd at 1.30pm GMT is for 0.2% to stay the same.

New Zealand seems to have a more positive consensus in analysts circles with views that its economy is on the up. But, in contrast, GDP growth may apparently slow. This month’s GDP news on Wednesday 20th at 9.45pm GMT is forecast to contract to 0.6% from 0.8%.

The U.S. releases its quarterly Final GDP data on Thursday 21st at 1.30pm GMT and it’s looking strong. If it reaches predictions of 3.3% it will almost be back at its December 2016 peak.

Top Tiql Tips: 12th to 15th Dec 2017

On the 12th day of Christmas

With only a few weeks until the end of the year, we’ve giving you this free guide to help you to earn more with TIQL. Covering 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: FOMC December Rate Hike
The vast majority of USD traders expect the FOMC to raise rates from 1.25% to 1.5% (Wednesday 13th 7pm GMT) so that’s already been priced in. What traders now want to know is where policy will be heading in 2018, which is a far less certain question.

Federal Chair Yellen steps down in February at the end of her first term so other voices are now becoming more significant. Jerome Powell will step up but there are also other key vacancies in the Bank and this leaves policy direction harder to forecast.

So far, officials have seemed confident of the dollar’s recovery so more interest rate rises are likely to be mentioned. Some even say there could be as many as three or four in 2018. The fly in the ointment is the persistently low inflation and concerns that the recovery is weaker than it appears. The Press Conference (13th 7.30pm) should reveal key points and see the dollar traded hard.

Global: Libor Bank Rate
The London Interbank Offered Rate is a key figure in the global banking industry used to price more than $350tn of financial products around the world. It’s the average figure at which banks are prepared to lend each other money and was established in London in 1986. There are actually a number of Libors and their rates often change daily.

The problem is that the 2008 scandals surrounding setting the rate mean it’s on its way out as no-one wants to be involved in setting it. It was rate-rigging in the City of London that is heavily linked to the crash. There is a new looming concern about what it will be replaced by.

This week a new CHF 3-month Libor Rate will be set (Thursday 14th 8.30am GMT) and it is a red-flag event in finance. Standing at -0.75%, there are conflicting views about what will happen. The rate is negative due to the ECB’s rather unconventional reflationary policy. Expect the EUR and GBP to react to any significant change.

GBP: BoE base rate
This week we’re all about the rates and the third of our key event posts focuses on the volatile currency of the year, GBP. The Bank of England reveals its latest base rate (currently 0.50%) only hours after Libor (Thursday 14th 12pm GMT), so expect volatility for the duration. The MPC is likely to return a 0-0-9 vote against raising rates (against 7-0-2 when it raised them previously) so the focus will be on the Monetary Policy Summary to see what the Committee’s views are on the future.

45 minutes later the ECB reveals its Minimum Bid Rate (Thursday 14th 12.45pm GMT), which could affect the EURGBP pair. As the two zones edge closer to a Brexit deal, traders have reacted well reaching a high not seen for six months last week so Thursday could see a lot of GBP action.

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

  • Tue Dec 12
    • 09:30:00 GMT GBP CPI y/y
    • 13:30:00 GMT USD PPI m/m
    • 19:00:00 GMT EUR ECB President Draghi Speaks
    • 22:15:00 GMT AUD RBA Gov Lowe Speaks
  • Wed Dec 13
    • 09:30:00 GMT GBP Average Earnings Index 3m/y
    • 13:30:00 GMT USD Core CPI m/m
    • 13:30:00 GMT USD CPI m/m
    • 15:30:00 GMT USD Crude Oil Inventories
    • 19:00:00 GMT USD FOMC Economic Projections
    • 19:00:00 GMT USD Federal Funds Rate
    • 19:00:00 GMT USD FOMC Statement
    • 19:30:00 GMT USD FOMC Press Conference
  • Thu Dec 14
    • 00:30:00 GMT AUD Employment Change
    • 00:30:00 GMT AUD Unemployment Rate
    • 09:30:00 GMT GBP Retail Sales m/m
    • 12:00:00 GMT GBP MPC Official Bank Rate Votes
    • 12:00:00 GMT GBP Monetary Policy Summary
    • 12:00:00 GMT GBP Official Bank Rate
    • 12:45:00 GMT EUR Minimum Bid Rate
    • 13:30:00 GMT USD Unemployment Claims
    • 13:30:00 GMT USD Core Retail Sales m/m
    • 13:30:00 GMT USD Retail Sales m/m
    • 13:30:00 GMT EUR ECB Press Conference
    • 17:25:00 GMT CAD BOC Gov Poloz Speaks

Some Markets to Watch…

AUDUSD: Although this pair is looking heavy, the Aussie is at a key technical level with previous demand, the half way back is nearby and an ascending trend line. The 0.75 price is a key level to watch. Keep an eye on any moves on the commodities such as gold, which will impact this FX pair.

BTCUSD: After an eye-watering retracement last week where we saw $13000 tested, it looks like bitcoin may try and test the all-time highs once again.

EURUSD: Pundits have been calling the end of Euro for some time but this pair remains in the range for now. We are watching the edges of the consolidation for the market to tip its hand.

Gold: Have we broken down or are we just running the stops at these lows? Daily closes under 1250 and we could see a deeper move down. Closes above 1260 and the bulls may try for some of the higher numbers.

USDJPY: We remain within the yearly range for now. The main levels to watch are 110.50 and 114.50 to see if these are defended as they have been before.

USDCAD: The lows held last week after that very bearish daily candle. It looks like the highs may be tested and we have the equidistant swing completing into the 200 SMA.

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

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

Is CAD working hard or hard work?

How to be Canadian

December starts on 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, released at the same time, 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 on Tuesday 28th at 4.30pm GMT. While he’s talking about the Financial System Review, questions from the press could lead to insights into his view on the current pressures facing the Canadian economy and that could change traders minds about buying or selling. Enjoy.

 

Top Tiql Tips: 20th to 24th November

Black Friday is cheap but this guide is free x

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: Yellen, Wednesday and Thanksgiving
There’s a midweek peak for the dollar this week as the US traders looks forward to two days of downtime (November 23rd and 24th) when they give thanks for buoyant markets and mindless consumerism aka Thanksgiving and Black Friday.

Kicking off the midweek action Fed Chair Yellen is part of a panel discussion with Mervyn King, the ex-governor of the Bank of England (Tuesday 21st 11pm GMT). While there is still the risk of one more rate rise in December, traders will analyse her comments closely for any clues.

Crude Oil Inventories (Wednesday 22nd November 3.30pm GMT) is likely to lead to volatility mid-week, while the FOMC Meeting Minutes could change traders attitudes (22nd 7pm GMT) before they shut up shop for Thanksgiving. Earlier in the day, Core Durable Goods monthly change (22nd 1.30pm GMT) is expected to grow by 0.4%, more subdued than last month’s unexpectedly positive 0.7%, and fresh Unemployment Claims (22nd 1.30pm GMT) look set to fall slightly, making every US trader feel better.

Central banks: AUD, EUR and USD
Three major currencies will be affected by news from their central banks this week.

First up is the release of the Monetary Policy Meeting Minutes from the RBA affecting AUD (Tuesday 21st 12.30am GMT). The economy seems to be moving into a steadier phase so traders will be looking for signs of impending interest rate changes. This will feed into a red flag AUD speech later the same day when the RBA main man, Lowe, gives a dinner speech (21st 9.05am GMT).

The US FOMC Meeting Minutes (Wednesday 22nd 7pm GMT) will keep traders at their desks right until closing time the day before Thanksgiving. A big question hangs over the chance of a final rate rise in December 2017.

Finally, the European Central Bank releases its Monetary Policy Meeting Accounts (Thursday 23rd 12.30pm GMT). This is only an orange event at the moment but the rocky political situation facing Merkel in Germany could increase interest and uncertainty in EUR markets.

GBP: 3 major events 1 currency
If you like a volatile market, you’ve probably enjoyed GBP since Brexit. This week three major events could rock the boat further.

Bank of England Governor Mark Carney and other members of the MPC testify to Parliament on inflation (Tuesday 21st 10am GMT) at the Inflation Report Hearings. They are likely to include comments on the currency markets as well as give insights into future rate change possibilities. Setting the mood for this will be the release of Public Sector Borrowing (21st 9.30am GMT). Forecasts suggest a major increase in borrowing putting pressure on the Treasury.

The Chancellor of the Exchequer delivers his Autumn Forecast Statement (Wednesday 22nd 12.30pm) giving a good insight into the underlying fiscal strength of the UK. He is widely expected to announce measures around increased house building and incentives for businesses in the face of separation from the European single market. Many details will have been leaked to the press beforehand and priced in, but surprises are known to happen from time to time.

The Second Estimate GDP quarterly figures are due out (Thursday 23rd 9.30am) and forecasts suggest no change at 0.4% but this key data will be closely watched by markets, especially with the US markets quiet due to Thanksgiving today.

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

Mon Nov 20
14:00:00 GMT EUR ECB President Draghi Speaks
16:00:00 GMT EUR ECB President Draghi Speaks

Tue Nov 21
00:30:00 GMT AUD Monetary Policy Meeting Minutes
09:05:00 GMT AUD RBA Gov Lowe Speaks
10:00:00 GMT GBP Inflation Report Hearings
23:00:00 GMT USD Fed Chair Yellen Speaks

Wed Nov 22
12:30:00 GMT GBP Autumn Forecast Statement
13:30:00 GMT USD Core Durable Goods Orders m/m
13:30:00 GMT USD Unemployment Claims
15:30:00 GMT USD Crude Oil Inventories
19:00:00 GMT USD FOMC Meeting Minutes
21:45:00 GMT NZD Retail Sales q/q

Thu Nov
09:30:00 GMT GBP Second Estimate GDP q/q
13:30:00 GMT CAD Core Retail Sales m/m

Some Markets to Watch…

BTCUSD: Bitcoin continues its move upwards (punctuated with some heady retraces back) and is now trading above $8000. This break to new highs follows on from the drop to below $5700 on the 12th of November. Which way now for Bitcoin?

GBPUSD: We remain in the chop zone on this pair for now, albeit still supported somewhat. The 1.33 is a key level to watch.

Crude Oil: The $55 level has held and for now we are in a congestion zone. The key levels to watch are $55 and $58.50 as we go into the week. This could be a tricky market to trade with the news coming out of the Middle East.

EURUSD: This pair tested some supply last week before selling off. For now, we are caught in the price move made over the last two weeks. A clear break and a daily close above last weeks highs may attract some buyers to test the highs made over the summer trading. A rotation down and we might see 1.16 tested again.

Gold: Gold has been supported by the 200 SMA as buyers came in there and at previous demand. A break above 1300 might see Gold’s rotation higher and the channel continue.

USDCAD: This pair is trading near a previous intermediate high and traders have not tipped their hand yet. Any breaks and closes above last week’s highs and the buyer might push this on to clear the end of October highs and the 200 SMA. Closes below 1.2650 might see a deeper correction if the bears can run with it.

USDJPY: The supply level at the highs has held and the Yen is testing the key 112 level. This is near last week’s highs, previous demand and the 200 SMA; any breaks here and we might see this pair retrace further quickly.

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!

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