NZD: Business Confidence

Time for a plan

New Zealand’s trade deficit is forecast to shrink by a massive 466 million to -100M if forecasts are correct for 10.45pm GMT on Sunday 26th March. That should set the mood for this week’s Kiwi trading, but the highlight will actually be the ANZ Business Confidence index, out Wednesday 1am GMT. Plan your week’s trade around it.

Business Confidence has been in the doldrums for months though it perked up in February, climbing to -19 (the best it’s been since last September – it’s been seriously depressed). The range of opinions about where it goes from here could be down to who’s wearing their rose-tinted glasses, but a slim majority of pundits see another drop this week. The threat of Trump’s trade war with China would put New Zealand in the middle and NZD could be turbulent.

While that doesn’t sound great, turbulence can bring its reward if you judge the market mood well and play it right. Are you going to play minute by minute or across the week? Options, options. Currency trading can certainly be fun.

 

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

AUD & NZD: volatile times down under

Sweet ride! Nope.

Watch out for volatility in the markets this week as the 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.

The Kiwi also faces the likelihood of another pessimistic ANZ Business Confidence score on Wednesday 28th February at 12am. Hitting 0.0 back in September after a lengthy positive period, traders haven’t seen a score since December so 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 takes centre stage in the Aussie economy this week as Private Capital Expenditure (Thursday 1st March 12.30am GMT) paints a picture of economic health or not. 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.

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

CAD & NZD: retail sales

Let’s go shopping

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 as last week’s US Core Retail Sales showed when they stagnated at 0.0% rather than the healthier 0.5% growth expected as well as the wince-inducing contraction of -0.2% in their wider Retail Sales. Now there’s an economy that’s suddenly not looking as bright as expected.

Canada’s Core Retail Sales (Thursday 22nd February 1.30pm GMT) boosted the 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?

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

NZD & AUD: will bank rates fall down under?

Will rates climb, fall or hold on?

The Reserve Bank of Australia shares its latest Cash Rate on Tuesday 6th February at 3.30am GMT. Opinions are divided over what the Bank should do. Rates haven’t changed since they dropped a quarter of a percentage point in August 2016 and Dr Lowe, the 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 very 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, also issued at 3.30am GMT on Tuesday 6th February. 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 on Wednesday 7th at 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.

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.

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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: 7th to 10th Nov

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. Get all the details here.

Oil: at its volatile best
OPEC and other oil producers have widely used field maintenance as cover for deeper output cuts over recent months though that maintenance could be coming to an end. Having said that, as crude prices have trended upwards US production has also increased counteracting the benefit of the OPEC agreement. The last month has revealed mostly downward figures for Crude Oil Inventories (3.30pm GMT Wednesday 8th November) though that path is by no means steady. The vote is out on whether this week’s figures will go up or down. Increases in US shale production are combatting this decrease, but it looks like the oil industry is generally reining production in to shore up the market.

In a few weeks, OPEC meet again to decide what to do next. Are members going to be keen to continue to hold production back if the US are the ones benefitting from price increases? Put 30th November in your diary, watch out for press releases and enjoy the ride!

CAD: Bank of Canada’s Gov Poloz speaks
The markets get a head start when Bank of Canada’s Governor Poloz’s speech is released 15 minutes before he starts talking (5.55pm GMT Tuesday 7th). The event hosted by the Montreal Council on Foreign Relations and the Chartered Financial Analyst Society of Montreal also has a Q&A session and is followed by a Press Conference (7pm GMT).

With one of the world’s healthier economies and inflation between 1 and 2%, the Bank has no reason to rock the boat. The weekend’s political scandals may cause temporary upset but many people feel the Canadian dollar is looking good and markets will be listening for encouraging words.

AUD & NZD: Bank Rates
Currency traders can’t get enough of Bank Rates. The Press Conferences and Statements give a deep insight into the official view of the economy and offer invaluable views on the future direction of fiscal policy. This week we have two gems to trade.

Forecasts for the Australian Reserve Bank’s Cash Rate (3.30am GMT Tuesday 7th November) are for the current 1.50% to stay the same. The economy seems to be doing well with higher non-mining investment and increasing employment. However, stagnant wages and rising household debt levels are concerning and could explain recent poor retail sales. The Rate Statement (3.30am GMT 7th November) should give traders an insight into how the Bank’s Monetary Committee views this mixed bag.

New Zealand’s Reserve Bank is also reviewing its Cash Rate this week (8pm GMT Wednesday 8th). While markets are happy that the nation’s political leadership has been settled, Ardern probably wasn’t their first pick and business confidence could be stronger. Market predictions are no change at 1.75%, but the Press Conference (9pm GMT) is one to watch.

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

Tue Nov 07
03:30:00 GMT AUD Cash Rate
03:30:00 GMT AUD RBA Rate Statement
09:00:00 GMT EUR ECB President Draghi Speaks
17:55:00 GMT CAD BOC Gov Poloz Speaks
19:30:00 GMT USD Fed Chair Yellen Speaks

Wed Nov 08
15:30:00 GMT USD Crude Oil Inventories
20:00:00 GMT NZD RBNZ Rate Statement
20:00:00 GMT NZD Official Cash Rate
21:00:00 GMT NZD RBNZ Press Conference

Thu Nov 09
13:30:00 GMT USD Unemployment Claims

Fri Nov 10
00:30:00 GMT AUD RBA Monetary Policy Statement
09:30:00 GMT GBP Manufacturing Production m/m

Some Markets to Watch…

AUDUSD: Mixed signals on AUDUSD. Looking at the longer term, we are making higher highs and higher lows and may be moving in a channel, and we are testing a key support level at 0.7630. Any breaks below this level and the next level of interest to the bulls may be 0.75. If the bulls can break through last week’s trading high, then a likely target might be 0.78.

GBPUSD: Last week saw the Bank of England raise interest rates for the first time in years. 1.3050 is a key demand level to watch as we go into the week. Resistance at 1.33.

EURUSD: Another FX pair at a key support and resistance level. Traders will be watching to see if we get moves below 1.16 for a deeper correction in the recent bullish move since December of last year.

USDCAD: the loonie found some supply near the 1.29 zone as expected and traded below the key 1.2770 level. All eyes are on this pair as it retests this zone.

the USDCAD FX pair
Up or down for the USDCAD?  is key 1.2770 key

Crude Oil: This market has opened up this week and is now trading above $56 – a key historical price level. Traders will be watching this level closely as we go into the week. Will we see a retrace before making new highs?

Gold: Gold has consolidated for most of the last two weeks. For now, 1260 is providing support with resistance at 1285.

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!