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

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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!
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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

4 bankers, 1 key date (well maybe a few more)

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Last week’s 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” on Tuesday 14th at 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 at 5.45pm GMT on 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 on Thursday 16th at 2pm GMT. Finally, Draghi rounds the week off with a rousing speech entitled “Europe into a New Era – How to Seize the Opportunities” on Friday 17th at 8.30am GMT.

3 days of Jackson Hole

Is Jackson in here?

The annual Jackson Hole Symposium takes place across Thursday to Saturday this week. The Federal Reserve Bank of Kansas City Economic Symposium is a key event in the global economic calendar. The fact that Federal Chair Yellen (Friday 25th 5pm BST) and ECB President Draghi (Friday 25th 8pm BST) are both scheduled to speak shows it carries some clout.

With geopolitical turmoil in Asia and the US, traders will be hoping for signs of stability coming from the annual get-together. The ECB, Bank of England and Federal Bank in the US have all recently dropped hints about rolling back the fiscal stimulus that has powered the global economy in the last decade, so comments will be analysed with this in mind. As attendees come from across the world, press releases could affect every market so plan trades carefully and be ready for a rollercoaster.