Top Tiql Tips: 27th Feb to 4th March

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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: 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: 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!

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

2017: 3 events that shook the trading world

2017 – surprise!

Are natural disasters in the top three?

Mother nature showed her power this year sending Hurricanes Maria, Harvey and Irma across US territory and beyond, a massive earthquake to Mexico, monsoon flooding in Bangladesh. mudslides in Colombia and landslides in Sierra Leone. The human toll has been unfathomable and the markets didn’t like them either, though the US administration seems to think we don’t need to worry. But these weren’t the biggest events to hit the markets in 2017.

Bitcoin shock: a strong contender

December has brought a late contender to event of the year with the Bitcoin surge. Prompted by the cryptocurrency’s ascendency to two major futures exchanges in the U.S., investors flooded to buy Bitcoin though a few days after the launch prices looked like they were subsiding.

Sky-rocketing prices

Bitcoin reached a high of $19,375 on the Coinbase exchange on December 18th as trading launched on the giant CME exchange and its Chicago rival CboE Global Markets. The decision to list the currency legitimised Bitcoin and raised its profile enormously. Since the announcement was made, demand pushed the price through ceiling after ceiling and the media shouted frantic headlines warning potential investors about bubbles. At the time of writing, there has been no crash.

The problem with Bitcoin

The problem with Bitcoin for some is that it is outside the control of the existing authorities. Like the internet under net neutrality is equally accessible by all, Bitcoin is not the currency of one nation or even one region. It has no physical form and none of the established national or international authorities are in control of the supply. They don’t like that.

Bitcoin pros and cons

Bitcoin is limited by design to a maximum of 21 million coins. Supporters see it as a natural global successor to national physical currencies and exchange rates. Features of cryptocurrencies called blockchain will mean they can also securely replace other functions in banking and business so the potential is astronomical. Critics, including Singapore’s financial watchdog, warn that the lack of physical properties mean it is inherently valueless and investors will lose out when they come to withdraw their funds. Some say these critics are running scared.

Should everyone take Bitcoin seriously now?

The short answer is yes. In stark contrast to the doom and gloom of the threatened financial system, Ronnie Moas, the independent analyst who forecast this rise, now says he sees values reaching a meteoric $400,000 in 2018 saying the “mind-blogging supply and demand imbalance is what is going to drive the higher price.” He was right before; will he be right again? Either way, plenty are jumping on the bandwagon.

Brexit: the Brits want out

A review of market-moving events in 2017 has to include the Brexit tidal wave, which continues to punish GBP markets. Brexit is the snappy moniker bestowed by the British press on the British exit from the European Union decided by referendum in June 2016. 2017 has been a battle waged between varying factions in the UK government, who are justifiably concerned that washing their laundry in public puts them at a disadvantage in negotiations over the terms of the exit.

Europe, 20 June 2016
Brexit.
Markus Grolik/Cartoon Movement/Hollandse Hoogte

Who is responsible for Brexit?

In 2016, rampant propaganda, fervent canvassing and decidedly dodgy claims resulted in the United Kingdom agreeing to crash out of the thriving economic and political union that has blossomed since the 1970s. Why would one of the world’s biggest economies decide to commit economic suicide? Good question and it’s one many continue to scratch their heads over. The pound plummeted immediately sending imported product prices rocketing and the beleaguered currency has failed to yet make a full recovery over 18 months later.

What’s next for GBP?

The future for the British currency is unclear. A large part of its economy is funded by revenue from the City of London. However, many international banks are setting up subsidiaries in Frankfurt and other key European cities, all keen to become the new home of passporting. This key facility was located in the UK capital and allowed banks to work across Europe without needing authorisation in each individual country. It is highly unlikely passporting will continue to run from London when it leaves the Union and the banks are likely to cut many jobs and reduce their contribution to the economy in the UK from then on.

Will Brexit be calmer in 2018?

Political news around the exit negotiations are likely to impact both sterling and the Euro. Inside the Union, leaders will be keen to ensure Great Britain isn’t seen to get a good deal in order to deter other nations from making similar exit plans. It will be essential that countries who are in look better off than those who opt out. It’s looking cold outside the E.U and Britain will need to negotiate individual trade agreements with everyone. The deadline is 2019 so 2018 will be a rollercoaster ride through negotiations.

Trump

That word has so many meanings. It can be the winning card in a game. It can mean doing better than your rival. It can mean something altogether more foul-smelling connected to digestion. But this year Trump gained a new meaning as Donald became the 45th POTUS in an election that put the Brexit Leavers campaign to shame.

Sheneman Dec 2017

How did Donald Trump win?

Donald won by wooing the electorate that mattered in a battle against Washington insider, Hillary Clinton. While the rest of the world saw a privileged white man; a man with inherited money that he frittered away on poor business deals who was paying his way to the top spot on the Republican ticket, voters in key States believed the nationalist ‘America First’ propaganda and insular rhetoric pouring from his Twitter feed. Despite winning fewer votes than his rival, Donald won the White House. Look up the electoral college system if you’re keen to see how it’s rigged set up.

What did the markets think of Trump?

Trump revealed a change in attitude from the markets towards geopolitical risk. The shockwaves from the election were relatively minor. Although the rising value of safe haven gold suggests they’re not entirely keen.

Markets and politics

Since Trump was elected, the markets have learned to weather the Twitter spats between Kim and Trump, watched the military posturing across the east Asian region with a bucket of popcorn, ignored the implications of Russian interference in key Western democracies, and will see the year out analysing Trump’s ham-fisted diplomacy in Jerusalem and the U.N. with great interest. Interestingly, at no point have any of the indices tanked suggesting there may be a growing separation between geopolitics and market valuation. Or things haven’t got crazy enough to worry them yet.

2017 was characterised by massive geopolitical upheaval that didn’t always translate into market movement. But the biggest upset for the year was Bitcoin. Will other cryptocurrencies now gain value? Will the bubble burst or is BTC finding its true level? Let’s see in 2018.

 

Top Tiql Tips: 12th to 15th Dec 2017

On the 12th day of Christmas

With only a few weeks until the end of the year, we’ve giving you this free guide to help you to earn more with TIQL. Covering the markets and dates to watch this week, economic news and announcements cause financial markets to move a lot, and may provide some opportunities to trade.

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

USD: FOMC December Rate Hike
The vast majority of USD traders expect the FOMC to raise rates from 1.25% to 1.5% (Wednesday 13th 7pm GMT) so that’s already been priced in. What traders now want to know is where policy will be heading in 2018, which is a far less certain question.

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

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

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

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

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

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

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

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

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

Some Markets to Watch…

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

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

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

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

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

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

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

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

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

Play TIQL or follow us on Facebook or Twitter

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

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

BTC: is it bubblelicious?

Some bubbles are fun

You’d have to be living under a rock to have missed the meteoric rise and fall of Bitcoin over the last few days. Hitting an incredible $11,000 peak on Wednesday 29th before falling back, the currency is climbing again on Monday 4th December with no-one sure where it will go next. Debate has raged about the nature of the movement with many warning against investment, among them the Bank of France’s Governor saying “Bitcoin is a speculative asset and people who invest in it do so at their own risk”.

There are clearly fortunes to be made (and lost) in the gold rush for the cryptocurrency, which has no tangible asset form. With a global value outpacing that of some international banks, Bitcoin also outstrips some economies, such as New Zealand.

For market speculation with a thrill, and a sizeable risk, there is little to beat Bitcoin trading this week. US regulators have recently given the green light to futures trading on the asset adding further legitimacy to the flag-bearer of cryptocurrencies. However you feel about it compared to national currencies or commodities, this is a market worth exploring.

Top Tiql Tips: 20th to 24th November

Black Friday is cheap but this guide is free x

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Some Markets to Watch…

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

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

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

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

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

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

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

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

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

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

TIQL: Serious fun!

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

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

Top Tiql Tips: 13th to 17th Nov

Love it

Here is your useful free guide to the markets this week to help you to earn more with TIQL. It has all the key market events and dates to watch this week. Economic news and announcements often cause financial markets to move a lot, and may provide some opportunities to trade.

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

CPI: 3 major events this week
The Consumer Price Index is a good indication of inflation and is one reason why the BoE recently raised rates. Standing at 3.0% y/y CPI, forecasts suggest little change at 3.1% (Tuesday 14th 9.30am GMT). Interestingly, many analysts believe the Retail Price Index (Tuesday 14th 9.30am GMT) gives a better correlation for inflation. That’s currently at 3.9% but it looks set to break the 4% mark and possibly reach 4.1% y/y change. Not good for the U.K.

If the pound is not your thing, you might watch the USD CPI event (Wednesday 15th 1.30pm GMT). CPI is forecast to drop from 0.5% to 0.1% m/m though Core CPI is set to rise from 0.1% to 0.2% at the same time showing how volatile CPI data can be.

Canada also delivers CPI data this week (Friday 17th 1.30pm GMT). Last month it didn’t quite reach the forecast 0.3% and settled for 0.2% instead. This month looks set to drop that further to 0.1% if the pundits are correct.

Interest Rates: 4 bankers to listen to
Last week’s GBP interest rate increase means the Bank of England’s Mark Carney is in demand. If you want to hear him speak, tune in to the Central European Bank’s discussion “At the heart of policy: challenges and opportunities of central bank communication” (Tuesday 14th 10am). It will be riveting. No really, because this key event also gives Federal Reserve Bank Chair Yellen, European Central Bank President Draghi and Bank of Japan Governor Kuroda a platform. Traders will be listening for insights into the prevailing sentiment for each central bank and what that might mean for interest rates.

For further banker gems, catch Kuroda (5.45pm GMT Monday 13th) at the University of Zurich. Then Carney delivers pearls of wisdom when talking to members of the UK Monetary Policy Committee at Future Forum 2017 in Liverpool (Thursday 16th 2pm GMT). Finally, Draghi rounds the week off with a rousing speech entitled “Europe into a New Era – How to Seize the Opportunities” (Friday 17th 8.30am GMT).

Retail Sales: 2 events to trade
The U.S.A. and the U.K. both release their monthly Retail Sales figures this week. As a key indicator of the health of the economy, how much the public spends at the shops is essential knowledge for currency traders and stock markets alike.

The US delivers two key data: Core Retail Sales and Retail Sales (1.30pm GMT Wednesday 15th). The main difference is that the Core figures exclude automobile sales, which can be volatile. US shoppers have been anything but reliable in the last year so last month’s 1% growth for Core isn’t any guarantee this month will also be positive, though forecasts are for 0.2%. As shoppers start thinking about Christmas, that is maybe to be expected and a drop would be extra worrying.

Britain’s shopping figures have suffered a similarly unpredictable pattern over the last year and a negative figure certainly won’t help GBP. The recent interest rate hike won’t have had a chance to impact domestic sales so any decline can’t be blamed on that. Analysts are positive seeing an upturn from -0.8% to 0.2% (Thursday 16th 9.30am GMT), but will the markets see that as strength or wonder about increasing levels of personal debt?

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

  • Mon Nov 13
    17:45:00 GMT JPY BOJ Gov Kuroda Speaks
  • Tue Nov 14
    09:30:00 GMT GBP CPI y/y
    10:00:00 GMT JPY BOJ Gov Kuroda Speaks
    10:00:00 GMT GBP BOE Gov Carney Speaks
    10:00:00 GMT USD Fed Chair Yellen Speaks
    10:00:00 GMT EUR ECB President Draghi Speaks
    13:30:00 GMT USD PPI m/m
  • Wed Nov 15
    09:30:00 GMT GBP Average Earnings Index 3m/y
    13:30:00 GMT USD Retail Sales m/m
    13:30:00 GMT USD Core CPI m/m
    13:30:00 GMT USD Core Retail Sales m/m
    13:30:00 GMT USD CPI m/m
    15:30:00 GMT USD Crude Oil Inventories
  • Thu Nov 16
    00:30:00 GMT AUD Employment Change
    00:30:00 GMT AUD Unemployment Rate
    09:30:00 GMT GBP Retail Sales m/m
    13:30:00 GMT USD Unemployment Claims
    14:00:00 GMT GBP BOE Gov Carney Speaks
  • Fri Nov 17
    08:30:00 GMT EUR ECB President Draghi Speaks
    13:30:00 GMT USD Building Permits
    13:30:00 GMT CAD CPI m/m

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

World Indices: Looks like we may have seen some selling pressure come into the stock indices last week. A stand-out chart is the Nikkei where we can see a bearish candle that must be giving the bulls a little pause. The Dax has printed some sell-off candles that might also look scary to the bulls.

EURUSD: The euro is still trading below the chop zone with the longs defending those lows for now. Any daily closes back into the chop zone and we can expect more side-to-side action while the bulls and the bears look for a side to dominate.

USDJPY: The yen remains trading under 114.50 failing to break out to new highs. Below this level, it’s likely the bears will position into the old highs to get short. We saw the price briefly break up above the 114.50 shaking out the weak hands before falling lower. Any price acceptance with daily closes above this level, will we see a move higher?

BTCUSD: The crypto pair has come under pressure since Friday. Today, buyers stepped in at the half way back to defend. Will we see a retest of the highs or see another large drop on BTC? If the half way back should breach, there is possible demand at the 61.8 Fibonacci retracement near $4950 to $5000 zone.

Crude Oil: looks like it is all about the 200 SMA on the weekly chart as Oil returns to the moving average for the first time since 2014. We do have some supply zones ahead and we could expect some selling pressure here. The $55 will be a key test for the shorts as can be seen on the daily chart.

GBPUSD: We continue to trade within a consolidation/chop zone. Traders will be try to trade the edge of this zone but ultimately we need a clear break higher or lower to get involved.

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

Deposit today from $5 with Skrill, Neteller, Paypal or Visa.
Good trading!
TIQL: Serious fun!
Play TIQL or follow us on Facebook or Twitter

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

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

Tiql Tips: 9th to 13th Oct

High five!

To help you to earn more with TIQL we made 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.

Bank Holiday Monday: who gets one?
Columbus Day anyone? Well, yes, if you’re in the US it is and that means no trading. Other lucky people enjoying days off include the Canadians with Thanksgiving and Japan with Sports Day.

FOMC: December rate rise?
The FOMC meeting minutes (Wednesday 11th 6pm GMT) should shed light on the prospect of a December rate rise. Yellen promised a raft of rate hikes across the year, but surprisingly low inflation has put a spanner in the works. Higher employment and a healthy economy usually means inflation but it’s not hitting targets so the tone in recent speeches has moved towards a gradual increase over anything more ambitious. But there are many voices who would like to see a complete change of policy fearing that any rate rises at all could stifle growth.

Last month’s CPI fuelled speculation that a rise could still happen before the end of the year when it showed a 0.4% rise in August. This month, CPI (Friday 13th 12.30pm GMT) is predicted to follow this upward trend with suggestions of another month of growth from some quarters.

Yellen is smart enough to admit she doesn’t know why inflation is so low and, if the Chair of the Federal Reserve Bank doesn’t know then who are we to argue. Watch the PPI and Unemployment figures (Thursday 12th 12.30pm GMT) to start forming your own view of whether that inflation target is likely to hit by December. Traders will be doing the same and pricing their decisions into the USD and US indexes.

GBP: a troubled currency
The British currency has taken a pounding since Brexit and it looks like things are sliding further.

Political uncertainty looms as Prime Minister May’s future is in question. She suffered an excrutiating party conference plus Brexit negotiations are painfully slow with both sides starting to become entrenched in opposition making the likelihood of an agreement being reached before the 2019 deadline increasingly unlikely.

Bad relations and no trade deal with their closest and largest trading partner could be around the corner for the UK. This would mean rising trade costs in the midterm future. The rats are deserting the ship as a growing number of international banks are renting increasing amounts of office space in Frankfurt. It looks like the City of London party is coming to an end.To finish things off, ratings agency, Standards & Poor, are questioning the country’s ability to withstand an interest rate increase.

Mark Carney, the Canadian Bank of England Chair, would be wise to check his passport is up-to-date if Manufacturing Production monthly change (Tuesday 10th 8.30am GMT) comes in under par. Last month showed a healthy 0.5% increase against the 0.3% predicted and everyone will be hoping that is the start of a positive trend. The Goods Trade Balance (Tuesday 8.30am GMT) and BOE Credit Conditions Survey (Thursday 12th 8.30am GMT) should both make for interesting reading. Supporters of a rate rise will be looking for another drop in the Goods Trade Balance, currently -11.6B, while the markets see rising debt levels as signs of confidence in consumer and business spending. It’s unclear why they don’t see it as a sign of desperate attempts to stay afloat but that’s an economics lesson for another day.

Oil: a storm brewing
Has the tide turned for oil? After hitting well above $50 a barrel at the end of September, prices dropped down near to $49 as some analysts said they were concerned the price has risen too far, too fast.

Adding to depreciatory fears, Tropical Storm Nate led to shutdowns in the US Gulf oil production region as they head into the traditional maintenance period. On top of that, some of the main US shale producers are set for record outputs this month and, worryingly, US crude stockpiles are currently more than 70 million barrels over their 5-year average adding further downward pressure on prices. Traders will pay close attention when the latest weekly Crude Oil Inventories data is revealed (Thursday 12th 3pm GMT). Any increase could be taken rather badly.

But that’s not all. Adding more fuel to the fire, Libya’s just opened up oil fields that have been shut for a long time while OPEC’s main producers like Saudi Arabia have all upped their output despite renewing their agreement to keep a lid on production.

It looks like it could be a race to the bottom for oil this week and many investors will be thinking about cashing in before prices sink too far. The question is who would buy in this climate?

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

  • Tuesday 10th October
    08:30:00 GMT 2017 GBP Manufacturing Production m/m
  • Wednesday 11th October
    18:00:00 GMT 2017 USD FOMC Meeting Minutes
  • Thursday 12th October
    12:30:00 GMT 2017 USD PPI m/m
    12:30:00 GMT 2017 USD Unemployment Claims
    14:30:00 GMT 2017 EUR ECB President Draghi Speaks
    15:00:00 GMT 2017 USD Crude Oil Inventories
  • ​Friday 13th October
    ​12:30:00 GMT 2017 USD Core CPI m/m
    12:30:00 GMT 2017 USD Core Retail Sales m/m
    12:30:00 GMT 2017 USD CPI m/m
    12:30:00 GMT 2017 USD Retail Sales m/m

Some Markets to Watch…

S&P 500 and Dow: The US indices continue to grind higher on low volatility. The charts below show the support lines the buyers may be watching to maintain their bullish consensus. For now, all these charts are pointing up with any retracements being bought.


GBPUSD: We saw some selling-off last week with a daily close below 1.32500. 1.29 looks vulnerable if we can hold below the 1.32 round number.

Crude: $50 is the line in the sand for this market. We have found some support at $49.35 which is at the half way back of the recent move up. Below $50, the bears have the ball on this market and a deeper move testing some of the most recent lows could be on the cards.

Gold: Gold has been rotating in an upwards channel and there may be some symmetrical patterns in play. A hold above $1264 at the 61.8 Fibonacci and we might see this market rotate higher to the top of the channel. Any daily closes below this price and outside of this channel may see some more sellers come in.

USDCAD: We are at an interesting price point here. Any breaks below support at 1.2400 and the bears might have this. Daily closes above 1.26 and the bulls might try for 1.2750.

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

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