Festive Tiql Tips: 19th to 22nd December

Merry Christmas from all of us at Tiql

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

But there is a packed calendar of events to trade before the long weekend so we’d like to help you to earn more with TIQL by giving you this free guide to the markets and dates to watch this week. Economic news and announcements cause financial markets to move a lot, and may provide some opportunities to trade.

Remember, you can earn some extra cash by inviting people to trade with TIQL. The very first time someone you invite makes a deposit of $5 of more, you will receive $1. Whoever you invite also gets $1 USD to trade with; you can’t get better than that! You can keep earning as we pay you a percentage every time your supporters trade with TIQL.
USD: twas the week before Christmas
If you haven’t moved your portfolio to Bitcoin, kick off your week with some USD action with Building Permits (Tuesday 19th 1.30pm GMT). Last month’s increase to 1.32M looks like a blip as forecasts indicate a drop back to 1.28M ending the year up from where it started.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Play TIQL or follow us on Facebook or Twitter

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

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

3 GDPs to trade before Christmas

Lets see

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

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

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

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

Top Tiql Tips: 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!

 

2 Bank Rate treats this week

Treat yourself

Bank Rates are like catnip for currency traders. They can’t get enough. 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.

Australia’s Reserve Bank reviews its Cash Rate monthly at 3.30am GMT on Tuesday 7th November.  Forecasts are for the current 1.50% to stay the same when it’s announced. 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, also at 3.30am GMT 7th November, should give traders an insight into how the Bank’s Monetary Committee views this mixed bag.

Staying with the southern hemisphere, New Zealand’s Reserve Bank is also reviewing its Cash Rate this week, but we’ll wait until 8pm GMT on Wednesday 8th to hear what they’ve decided. 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 predict no change at 1.75%, but the Press Conference at 9pm GMT is one to watch.

Japan, Jacinta and the markets

Shocked

Unless you’ve been living under a rock for the past few years, you’ll know just how much politics can affect the markets. Two impactful political events are making themselves felt this week in Japan and New Zealand.

It looks like Japanese Prime Minister Abe learned what not to do from the recent British snap election. May called a snap election with a majority government and managed to slash her majority so badly she could only wobble back into power on the crutches of the ethically-dubious DUP. Abe has clearly taken notes. His snap election of Sunday 22nd resulted in a resounding landslide victory.

Abe has never looked so strong and if the markets like one thing, it’s a stable government. They have so many seats, they no longer need their coalition partners the Liberal Democrats. Economically, we may see increased government spending to fight deflation, especially in defence. Abe believes debt can only be overcome with growth, which goes against the austerity policy of many other countries.

If you cast your minds back, you’ll recall there was an election in New Zealand about a month ago. With no clear victor there has been much political negotiating about who will form a coalition government. In a somewhat surprising turn of events, it is second-place Labour, led by newcomer Jacinda Ardern, who will form an government with minority party NZ First led by Winston Peters. An unnatural combination, it is likely to worry markets, who will have hoped for a return to the steady policies of Bill English’s National party.

 

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

Just your average helpful friend

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Some Markets to Watch…

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

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

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

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

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

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

 

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

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

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

TIQL: Serious fun!

3 pairs trading the CPI this week

How much?!

 

Traders love to know when we are going shopping and how much things are going to cost us. If the price is going up, they take that as a sign of economic health and strength in the currency. Three countries reveal their Consumer Price Indexes (CPIs) this week but that’s not all that’s affecting them

New Zealand’s quarterly CPI, Monday 16th at 9.45pm, is forecast to rise from a flat 0.0% to 0.4% or possibly even as much as 1.8% depending on who you’re asking. Either result should give the NZDUSD pair a boost. But political uncertainty is putting a damper on things and even China’s inflationary news doesn’t seem to have shaken the currency much.

Great Britain reveals its yearly CPI change on Tuesday 17th at 8.30am GMT with most predictions along the lines of ‘nothing happening.’ The sluggish economy may see a nudge up from 2.9% to 3.0%, but with targets set at 2%, no-one is going to like it much. BoE Chair Carney has been dropping heavy hints about a rate rise next month. Traders want to know if this will be the event that changes his mind.

Canada’s monthly CPI, out Friday 20th at 12.30pm GMT, worried analysts when it shrank from 0.2% to 0.1% last month. Combined with concerns over the strength of NAFTA the currency isn’t looking as strong as it was.

Free market guide: 26th to 29th September

Whose is bigger?

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

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.

Elections: Who won and what do the markets think?
The weekend’s big election winners were Merkel and English. But for the markets, it all depends on who you talk to.

Some pundits have highlighted that NZD has dropped from a week ago amid fears of weeks of coalition talks with New Zealand First led by Winston Peters. Their tiny 9 seat party has a disproportionate amount of power under the New Zealand system. Other analysts are brushing it off saying the re-election of English means stability for the country, which the markets are going to like.

For the Euro, there has a been a sigh of relief as Merkel holds on to power for a fourth term. Widely seen as the new leader of the free world and with no other European leaders stepping up to vie for the top spot, it’s what the currency and its economic zone needed. Far-right election gains have been a worry here too, but they’re lagging behind in third place.

Anything involving a vote by the general public can cause unexpected havoc as Brexit and Trump proved last year so markets will likely react positively as it seems like business as usual.

GBP: the big interest rate question
When sterling dived after last year’s shock Brexit announcement, the Bank cut interest rates to a record 0.25% but it finally looks like a rise is on the cards . The reason so many see a rate rise before the end of the year is that inflation is edging up to 3% despite stagnant wages and ey-watering levels of personal debt.

The Inflation Report Hearings (26th tbc) will be pounced on by market makers and traders alike as they try to price in their predictions. Keep an eye out for announcements. Current Account details (29th 8.30am GMT) will either have traders diving for their own Brexit or consolidating their GBP position.

NZD: Official Cash Rate
Many expect the Bank to keep things steady in the current climate, but some argue the weakening currency and gloomy outlook in housing and construction make a rise before the end of the quarter more certain. Standing at 1.75% many feel the exchange rate is going to be crucial for the future direction of the RBNZ Cash Rate (27th 8pm GMT).

NZD is a volatile currency that tends to react to global forces. Trump and Kim’s war of words will have cautious investors heading back to safer markets, while China’s economy is a hot topic of debate that could push the Kiwi dollar in a number of directions.

War: what is it good for?
The answer to this is obvious to most people. But not apparently Trump or Kim Jong Un who have amped up the verbal spat over the weekend making the threat of actual war loom large, especially over Japan. Unsurprisingly, Prime Minister Shinzo Abe has called a snap election. If things are going nuclear and he gets stuck in the middle, he doesn’t want to be in the hot seat.

The markets don’t usually take kindly to the idea of war, but latest figures suggest they’re not taking it seriously. Stock indices and USD markets usually recognise the consequence of war is brutal and widespread so their lack of reaction to the exchange of threats is strange. Surprisingly, safe haven gold isn’t on the up, and the Dow and S&P500 don’t seem fazed.

If things do kick off then the infrastructure damage can massively impact a nation’s short-term economic viability, costing citizens and governments billions. And this means debt as rebuilding efforts must often be financed with cheap capital. Interest rates are usually suppressed to keep capital costs down and this decreases the value of the currency. Don’t forget that the complete uncertainty of war itself impacts markets on a day-to-day basis as well as the longer-term economic outlook.

If you’re interested in how the latest threat of war could affect the currencies, commodities and markets you play, then Trump’s Twitter feed needs to be on your radar along with Reuters and, of course, your Tiql updates.

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

  • Tuesday 26th September
    14:00:00 GMT USD CB Consumer Confidence
    16:45:00 GMT USD Fed Chair Yellen Speaks
  • Wednesday 27th September
    12:30:00 GMT USD Core Durable Goods Orders m/m
    14:30:00 GMT USD Crude Oil Inventories
    15:45:00 GMT CAD BOC Gov Poloz Speaks
    20:00:00 GMT NZD Official Cash Rate
    20:00:00 GMT NZD RBNZ Rate Statement
  • Thursday 28th September
    06:35:00 GMT JPY BOJ Gov Kuroda Speaks
    08:15:00 GMT GBP BOE Gov Carney Speaks
    12:30:00 GMT USD Final GDP q/q
    12:30:00 GMT USD Unemployment Claims
  • Friday 29th September
    08:30:00 GMT GBP Current Account
    12:30:00 GMT CAD GDP m/m
    14:15:00 GMT EUR ECB President Draghi Speaks
    14:45:00 GMT GBP BOE Gov Carney Speaks

Some Markets to Watch…

BTCUSD: Bitcoin is still caught in the range between $3500 and $4000. This market needs to clear $4100 to get some momentum behind it for the bulls. Any closes below $3500 and we may see a deeper correction to the recent low at $2980 to shake out the week longs.

GBPUSD: We are trading near a key resistance level and top of a parallel channel. A retrace here and the next key level for the bulls is 1.3250. News out this week could see this pair move.

Gold: The shiny metal has found support at the old broken resistance. Buyers have not come in strongly at this point so far; any daily closes below 1294 and we may see a deeper retracement to the 61.8 fib and chart structure around 1264.

Crude Oil: A symmetrical pattern may be playing out here which could see crude testing the 54/55 zone. We’ve broken through resistance and found some buyers above $50. Both $54 and $55 have strong supply candles and we may see the longs cover here and shorts get involved.

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 Cash Rate Wednesday

They were worried for a minute

Bill English’s National Party might have held on to power and eased market fears, but the forecasts for the Official Cash Rate, due out at 8pm on Wednesday 27th GMT, are less clear.

Many expect the Bank to keep things steady in the current climate, but some argue the weakening currency and gloomy outlook in housing and construction make a rise before the end of the quarter more certain. Standing at 1.75% many feel the exchange rate is going to be crucial for the future direction of the RBNZ Cash Rate.

NZD is a volatile currency that tends to react to global forces. Trump and Kim’s war of words will have cautious investors heading back to safer markets, while China’s economy is a hot topic of debate that could push the Kiwi in a number of directions.

NZD and EUR election winners

Today's big winners - Merkel and English
Today’s big winners – Merkel and English

It all depends on who you talk to.

Some headlines are scaremongering that NZD has dropped from a week ago amid fears of weeks of coalition talks with a inward-looking nationalistic party. Bill English’s National party scraped back into power but it is going to be propped up by New Zealand First led by Winston Peters. Their tiny 9 seat party has a disproportionate amount of power under the New Zealand system. Other headlines are brushing it off saying the re-election of English means stability for the country, which the markets are going to like.

For the Euro, there has a been a sigh of relief as Merkel holds on to power for a fourth term. Widely seen as the new leader of the free world and with no other European leaders stepping up to vie for the top spot, it’s what the currency and its economic zone needed. Far-right election gains have been a worry here too, but they’re relegated to lag behind in third place.

Anything involving a vote by the general public can cause unexpected havoc as Brexit and Trump proved last year so markets will likely react positively as it looks like business as usual.