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

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 (with love): 12th to 16th February

​​​​​Your free guide to the markets this Valentine’s Week!

That’s our kind of girl

To help you to earn more with TIQL, because we think you’re great, 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.

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

USD: key events this week
This week there are loads of of major events for USD traders to play this week.

Firstly, CPI and Core CPI as well as Retail Sales and Core Retail Sales (14th February 1.30pm GMT). If they are strong, most pundits expect markets to rise. Crude Oil Inventories (Wednesday 14th 3.30pm GMT) is less directly related to the consumer market, but it also impacts USD. The Producer Price Index (Thursday 15th 1.30pm GMT) shrank by -0.1% last month. This will reflect data gathered before the crashes and temporary government shutdown at the end of last week so traders may not place too much weight on it. Then Building Permits (Friday 16th 1.30pm GMT) will be USD traders last planned big play before the week ends.

But, remember, we always have Trump’s tweets and speeches to add some turbulence to the week, and some much needed laughs. Last week’s midweek shock crashes led to an old irate tweet about the markets coming back to bite Trump. Back in 2015, he thought the sitting US president should be fired into the sun in a cannon if Wall Street dropped by more than 1,000 points in a day. Then it happened twice in one week on his watch. He went uncharacteristically quiet with no tweets for what must be a record amount of time on the Trump-feed. We’re guessing that means he won’t be heading into the sun any time soon. But with two massive crashes in a row, shouldn’t that be two canon rides then? Or would twice mean a ride there and one back? Is that why he’s still president? Has Trump been to the sun?

The big question traders want to know this week is when the Dow and S&P 500 will turn around or if there is further to fall. They also want to know why the fall happened when the US economy looks reasonably strong at the moment. Everyone and their dog has a theory but we may never know. Jittery traders who don’t trust a good thing seems to cover it. Even Trump got it right about that.

AUD: brace for impact
The Australian dollar has a tendency to be buffeted by other markets. The Wall Street double dipper led to a 6-week low against the dollar and volatility could well remain across this week.

AUD traders also face additional impact of the Bank of England’s interest rate news (over 1% drop against sterling), but AUD could regain some strength with Employment Change news and the Unemployment Rate (Thursday 15th February 12.30am GMT).

The highlight of the week will be Reserve Bank of Australia Governor Rob Lowe speaking to the House of Representatives Economics Committee (Thursday 15th 10.30pm GMT). Their questions could shed light on the Bank’s latest view of the economy and future plans for interest rates.

GBP: an economy under pressure
Last week’s reveal of a potential interest rate rise from Mark Carney, Bank of England Governor, and the news that it could be larger than previously thought will probably worry large parts of the country’s debt-laden population, though markets reacted positively.

Analysts wanted someone, anyone, to do something to keep a lid on inflation so they took the rate rise news well. Although others are confused. The upwards pressure doesn’t seem to be coming from the domestic market making it difficult to see how Carney’s measures are going to do anything other than fan the flames for a debt-laden cash-strapped underpaid workforce.

The Consumer Price Index (Tuesday 13th February 9.30am GMT) fell to 3.0% last month from a high of 3.1% in December. If it drops further, the arguments for a rate rise get thinner. Retail Sales (9.30am GMT Friday 16th) will help a lot of traders decide how far and fast they think the Governor is going to jump. The next chance for rates to change will be on 22nd March though many have put their money on May’s Rate Statement for the next hike.

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

  • Tue Feb 13
    09:30:00 GMT GBP CPI y/y
  • Wed Feb 14
    02:00:00 GMT NZD Inflation Expectations q/q
    13:30:00 GMT USD Retail Sales m/m
    13:30:00 GMT USD CPI m/m
    13:30:00 GMT USD Core Retail Sales m/m
    13:30:00 GMT USD Core CPI m/m
    15:30:00 GMT USD Crude Oil Inventories
  • Thu Feb 15
    00:30:00 GMT AUD Unemployment Rate
    00:30:00 GMT AUD Employment Change
    13:30:00 GMT USD PPI m/m
    21:30:00 GMT NZD Business NZ Manufacturing Index
    22:30:00 GMT AUD RBA Gov Lowe Speaks
  • Fri Feb 16
    13:30:00 GMT USD Building Permits
    09:30:00 GMT GBP Retail Sales m/m

Some Markets to Watch…

USDJPY: The Yen is trading at a key support zone at 107 – 108 after making a low of 108.03 on Friday. The US government fiscal balance is due to be reported later on Monday with no other important data due. The near term levels to watch are 108 and 109.

GBPUSD: Cable seems poised to continue its bull run. The UK has a slew of economic data on the docket for Tuesday this week, most notably being CPI data for January at 09:30 GMT. A positive uptick here will only further cement the BoE on a path towards interest rates, with some market forecasts already calling for a May rate increase. The chart below shows the levels to watch as we go into the trading week.

BTCUSD: Bitcoin levels rose this past week. Bitcoin recovered more than 48% from the multi-month lows touched at $5,896.00 last week. The long-awaited break above $8,500 failed to produce meaningful recovery as the selling interest around $9,000 resistance pushed it back.

Crude Oil: Oil prices have gained some ground today after the drop last week. The chart below shows some of the levels to watch going into the trading week. The key zone to watch is near $55, which is near the half way back and has previous supply and demand nearby. We also have the equidistant swing completing into $53: should we see a deeper correction this might be an interesting level 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.

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: 5th to 9th Feb

Helpful like a turtle

To help you to earn more with TIQL we’re giving you this free guide to the markets and dates to watch this week. Economic news and announcements cause financial markets to move a lot, and may provide some opportunities to trade.

Remember, you can earn some extra cash by inviting people to trade with TIQL. The very first time someone you invite makes a deposit of $5 of more, you will receive $1. Whoever you invite also gets $1 USD to trade with; you can’t get better than that! You can keep earning as we pay you a percentage every time your supporters trade with TIQL.

AUD & NZD: where will bank rates go this week?

Opinions are divided over what the Reserve Bank of Australia should do when it shares its latest Cash Rate (Tuesday 6th February 3.30am GMT). Rates haven’t changed since they dropped a quarter of a percentage point in August 2016 and Dr Lowe, RBA Governor, is on record saying they will stay low for years. Some suggest they may even drop as low as 1% but will anything change on Tuesday 6th?

There are some striking similarities between the British and Australian economies at the moment. If you look at them in a certain light, it seems as though they’re doing well. But when you take a closer look, stagnant wages, rising household debt and problems in the housing market make the wider economy seem more like it’s ready to topple at any moment, according to some analysts.

While debt levels remain rather high and wages low, the Bank will remain cautious about making changes that could trigger rising inflation. Traders are likely to be very interested in the Rate Statement (3.30am GMT Tuesday 6th February). Here, the Bank rate committee’s reasons for their decision should reveal where the bank thinks the economy will go next and that could send AUD on a bumpy ride.

Hop over to trade the New Zealand dollar (Wednesday 7th 8pm GMT) for the Reserve Bank of New Zealand’s Official Cash Rate, Rate Statement and Press Conference. Unchanged since November 2016, there is little sign things will shift this month either. Some radical analysts, such as Eurasia Group in New York, forecast a global crash this year and suggest the NZD will be one of the hardest hit if that happens, but others say all the data received before Christmas points to a reasonably healthy economy. Whatever happens, the Press Conference is likely to give NZD traders some action.

CAD: can employment highs stick around?

Canada is one of many major economies with unemployment figures that haven’t been this good for decades. But that might all be about to change.

December’s 62% employment rate was creeping towards the record high of 2008 (63.70%). It stands far above the average from 1976 to 2017 of 60.29%. Many would say this shows strength in the economy. However, analysts forecast that figures for Employment Change and the Unemployment Rate will show a drop of around 2k for in employment and a rise in the Unemployment Rate of 0.1% (Friday 9th 1.30pm GMT) . Not great news for the Loonie, especially when the NAFTA discussions look set to drag on and Trudeau’s policies are being criticised for their effect on the competitiveness of Canada’s economy.

If you’re planning to trade CAD this week, also watch Crude Oil Inventories closely (3.30pm GMT Wednesday 7th) and plan your strategy around the employment data out on Friday. Have fun!

GBP: confusing times for a bank rate announcement

The Bank of England Inflation Report will focus attention (Thursday 8th February 12 noon). Many pundits will hope to see a further reduction in inflation to justify last year’s 0.5% rate set in November. But recent UK factory PMI data suggests the opposite might happen and inflation could rise again. What on earth is going on?

The British economy is suffering an odd mix of rising inflation, rising household debt, depressed wages and low unemployment. If you were to consult an economics textbook, many experts would say this doesn’t happen and it’s certainly scuttled the government’s economic forecasts. Unless wages rise to combat debt, received wisdom says the Bank can’t consider increasing interest rates. But with inflation still standing above target at 3% in December, something needs to happen. There seems to be no good way to jump for Mark Carney, Bank of England Chairman. We are definitely getting out the popcorn for this one.

This week also brings the latest MPC Bank Rate Votes, Monetary Policy Summary and Official Bank Rate (Thursday 8th February 12 noon). There is a small chance of a surprise rate rise but this could spell disaster for UK workers. Some might say “I told you so” but that wouldn’t be helpful. Mark Carney has a tightrope to walk this week. Will he manage it?

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

  • Mon Feb 05
    16:00:00 GMT EUR ECB President Draghi Speaks
    15:00:00 GMT USD ISM Non-Manufacturing PMI
  • Tue Feb 06
    00:30:00 GMT AUD Retail Sales m/m
    00:30:00 GMT AUD Trade Balance
    03:30:00 GMT AUD RBA Rate Statement
    03:30:00 GMT AUD Cash Rate
    21:45:00 GMT NZD Employment Change q/q
    21:45:00 GMT NZD Unemployment Rate
  • Wed Feb 07
    15:30:00 GMT USD Crude Oil Inventories
    20:00:00 GMT NZD Official Cash Rate
    20:00:00 GMT NZD RBNZ Monetary Policy Statement
    20:00:00 GMT NZD RBNZ Rate Statement
    1:00:00 GMT NZD RBNZ Press Conference
  • Thu Feb 08
    00:00:00 GMT NZD RBNZ Gov Spencer Speaks
    09:00:00 GMT AUD RBA Gov Lowe Speaks
    12:00:00 GMT GBP Official Bank Rate
    12:00:00 GMT GBP Monetary Policy Summary
    12:00:00 GMT GBP BOE Inflation Report
    12:00:00 GMT GBP MPC Official Bank Rate Votes
  • Fri Feb 09
    09:30:00 GMT GBP Manufacturing Production m/m
    00:30:00 GMT AUD RBA Monetary Policy Statement
    13:30:00 GMT CAD Employment Change
    13:30:00 GMT CAD Unemployment Rate

Some Markets to Watch…

Bitcoin: The world’s largest cryptocurrency by market capitalization has depreciated by 12 percent in the last 24 hours, according to data source CoinMarketCap. Bitcoin has traded at new 2018 lows today. There may be more pain in store for crypto bulls or it could confound the greatest amount of participants and begin to climb again. The chart below highlights some possible areas of interest for traders.

Gold: The recent highs of 1375 still look achievable but it would be healthy for a market which has moved like this to retrace somewhat. The half way back near previous supply and the round number might be an interesting level to watch.

WTI Crude: Its all about the $65 level on this market. We are trading near some key chart structure at this level. As with Gold, it would be reasonable to think a market which has moved as impulsively as this one has would see some sort of retrace to remain healthy. The $54/$55 zone with the half way back and chart structure may be an interesting level to watch should we see some sort of move down.

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: 29th Jan to 2nd Feb

They got their free guide

To help you to earn more with TIQL we’re giving you this free guide to the markets and dates to watch this week. Economic news and announcements cause financial markets to move a lot, and may provide some opportunities to trade.

Remember, you can earn some extra cash by inviting people to trade with TIQL. The very first time someone you invite makes a deposit of $5 of more, you will receive $1. Whoever you invite also gets $1 USD to trade with; you can’t get better than that! You can keep earning as we pay you a percentage every time your supporters trade with TIQL.

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

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

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

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

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

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

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

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

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

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

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

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

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

Some Markets to Watch…

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


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

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

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

Whichever way you think these markets are going to go, you can trade these and other markets from as little as 1 cent with TIQL.

Markets can really move during news events; all TIQL trades come with guaranteed stops to always protect you from losing more than you have invested in a trade.

Deposit today from $5 with Skrill, Neteller, Paypal or Visa.
Good trading!
TIQL: Serious fun!

Play TIQL or follow us on Facebook or Twitter

TIQL is operated by Nous Global Limited, c/o ILS Fiduciaries (IOM) Ltd, First Floor, Millennium House, Victoria Road, Douglas, IM2 4RW, Isle of Man

Nous Global Limited is proud to be regulated by the Isle of Man Gambling Supervision Commission under a licence issued under the Online Gambling Regulation Act 2001 on 12 April 2016

Top Tiql Tips: 22nd to 26th Jan 2018

Guess who got her Tiql Tips?

To help you to earn more with TIQL we’re giving you this free guide to the markets and dates to watch this week. Economic news and announcements cause financial markets to move a lot, and may provide some opportunities to trade.

Remember, you can earn some extra cash by inviting people to trade with TIQL. The very first time someone you invite makes a deposit of $5 of more, you will receive $1. Whoever you invite also gets $1 USD to trade with; you can’t get better than that! You can keep earning as we pay you a percentage every time your supporters trade with TIQL.

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

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

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

This event is likely to affect EURUSD and Dax.

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

Likely to affect all EUR pairs.

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

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

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

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

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

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

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

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

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

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

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

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

Some Markets to Watch…

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

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

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

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

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

Whichever way you think these markets are going to go, you can trade these and other markets from as little as 1 cent with TIQL.

Markets can really move during news events; all TIQL trades come with guaranteed stops to always protect you from losing more than you have invested in a trade.

Deposit today from $5 with Skrill, Neteller, Paypal or Visa.
Good trading!
TIQL: Serious fun!

Play TIQL or follow us on Facebook or Twitter

TIQL is operated by Nous Global Limited, c/o ILS Fiduciaries (IOM) Ltd, First Floor, Millennium House, Victoria Road, Douglas, IM2 4RW, Isle of Man

Nous Global Limited is proud to be regulated by the Isle of Man Gambling Supervision Commission under a licence issued under the Online Gambling Regulation Act 2001 on 12 April 2016

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

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!

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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

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