Top Tiql Tips: 19th to 25th February

Tiql tips time!

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

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

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

GBP: kicks off early and peaks midweek

Traders are keen to know what will happen with the Bank of England’s interest rates. Mark Carney, Bank of England Chairman, offers an exciting chance to kick the week off with some volatility on the pound when he talks about leadership and values in London (Monday 19th 6.45pm GMT).

Wages have been stagnating so Carney will be hoping for good news from the Average Earnings Index (Wednesday 21st 9.30am). Rising below inflation at 2.5% for the last few months, they haven’t helped paint a positive picture of the wider domestic economy.

The mid-week hump peaks with the big red flag, Inflation Report Hearings (2.15pm GMT Wednesday 21st February). Carney and his Monetary Policy Committee testify at the Treasury with comments expected about the currency markets. Lasting a few hours this can almost guarantee turbulence.

Sterling’s last big gasp of the week is the quarterly Second Estimate GDP (Thursday at 9.30am GMT). Rising more than expected to 0.5% analysts expect that to stabilise with no change forecast.

USD: Yellen’s last stand at the FOMC

Yellen is out. Powell is in. It’s regime change time. But is that boat getting rocked one last time by the ex-most powerful woman in the US economy?

Get the tissues ready to hear her final remarks in the FOMC Meeting Minutes for January (Wednesday 21st February 7.00pm GMT). We don’t expect her to hold back. Everyone and his donkey want to know where the Fed’s interest rate is going next and when. The Federal Open Market Committee Meeting Minutes give all the juicy details and we want them hot off the press.

Incoming Chair, Jerome Powell, has stressed continuity. He caused a few chuckles with remarks that the Fed works for the “good of all Americans” recently. Some applaud his apparently strong free markets stance but the question remains whether organisations and markets will actually be allowed to fail should things go wrong. Check out Powell’s upcoming speeches to see where the future lies.

CAD & NZD: retail sales

New Zealand’s Retail Sales (Thursday 22nd 9.45pm GMT) are forecast to uptick with 1.4% growth. Core Retail Sales (Thursday 22nd 9.45pm GMT) are also expected to be stronger at 0.7% growth.

If pundits are correct, this makes the domestic economy look better than some would have hoped. Though every trader knows forecasts can be wrong. Last week’s US Core Retail Sales stagnated at 0.0% rather than the healthier 0.5% growth expected while there was a wince-inducing contraction of -0.2% in the wider Retail Sales. Now there’s an economy that’s suddenly not looking as bright as expected.

Canada’s Retail Sales (Thursday 22nd February 1.30pm GMT) boosted their economy last month by coming in at twice the forecast with 1.6% growth against the 0.8% predicted. They are cautiously optimistic about wider economic growth and this could be a strengthening economy.
Where Canada is concerned, always remember to track Crude Oil Inventories (Thursday 22nd February 4pm GMT) for its impact on the Loonie. Currently back in the positive after months of reductions, are we seeing a new trend in oil production?

EUR: no weekend off

The European Parliamentary Elections are on Sunday 25th. Expect EUR related markets to pay attention and watch out for possible corrections when markets open on Monday if there are any political upsets.

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

 

  • Mon Feb 19
    18:45:00 GMT GBP BOE Gov Carney Speaks
  • Tue Feb 20
    00:30:00 GMT AUD Monetary Policy Meeting Minutes
  • Wed Feb 21
    09:30:00 GMT GBP Average Earnings Index 3m/y
    14:15:00 GMT GBP Inflation Report Hearings
    19:00:00 GMT USD FOMC Meeting Minutes
  • Thu Feb 22
    16:00:00 GMT USD Crude Oil Inventories
    09:30:00 GMT GBP Second Estimate GDP q/q
    12:30:00 GMT EUR ECB Monetary Policy Meeting Accounts
    13:30:00 GMT CAD Core Retail Sales m/m
    21:45:00 GMT NZD Retail Sales q/q
  • Fri Feb 23
    13:30:00 GMT CAD CPI m/m
  • Sun Feb 25
    09:15:00 GMT EUR Parliamentary Election

Some Markets to Watch…

USDJPY: The Yen broke through significant support and has been trading in a narrow range within last week’s range. The dollar hit a 3-year low against the Yen last week despite surging U.S. Treasury yields and a rebound in global equity markets. The move may have been fueled by inflation concerns in the U.S. as well as worries about the huge U.S. current and budget deficits.

 

Bitcoin: BTCUSD is trading above the key $10000 round number. Key levels to watch this week are 12000 (completion of equidistant swing into previous supply/demand) and the 10,000 level.

 

Crude Oil: The chart we looked at last week is still in play. We have a potential ABCD pattern which could complete near the halfway back and previous chart structure at $54.

 


GBPUSD: The bulls still have the ball on cable. We found buyers at 1.38 last week and all eyes are on the 1.40 level to see if we can push higher. 1.45 could be a good target for the bulls to cover.

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

 

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

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

Play TIQL or follow us on Facebook or Twitter

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

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

USD: Yellen’s last stand at the FOMC

Who will miss her?

Yellen is out. Powell is in. But is that boat getting rocked one last time by the ex-most powerful woman in the economy?

Get ready to hear her last statements with the FOMC Meeting Minutes for January (Wednesday 21st February 7.00pm GMT). We don’t think she will hold back. Everyone and his donkey want to know where the Fed’s interest rate is going next and when. The Federal Open Market Committee Meeting Minutes give all the juicy details and we want them hot off the press.

Incoming Chair Jerome Powell has stressed continuity and caused a few chuckles with remarks that the Fed works for the “good of all Americans” recently. Some applaud his apparently strong free markets stance but the question is whether organisations and markets will actually be allowed to fail should things go wrong. Check out Powell’s upcoming speeches to see where the future lies.

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

USD: FOMC & the Federal Funds Rate

Yellen out

Yellen’s tenure as the Chair of the Federal Reserve Bank comes to an end next month so the FOMC Statement at 7pm GMT on Wednesday 31st January could be her last chance to steer monetary policy at the Bank.

After raising rates by a quarter percentage point back in December, Yellen outlined a three-quarters point rise for 2018. At that point, there were warm fuzzy feelings about the outlook for 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. 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.

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

Final 2017 hike for FOMC?

Which way will rates go?

The vast majority of US traders expect the FOMC to raise rates from 1.25% to 1.5% on Wednesday 13th at 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 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 at 7.30pm GMT should reveal key points and see the dollar traded hard.

Top Tiql Tips: 28 Nov to 1 Dec

Your Tiql tips are like this cat

Your free guide to the markets this week is a gift to help you to earn more with TIQL. We’re sending you this free guide to the markets and dates to watch this week because 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: Fed Chair Change
This week traders will be excited to hear from Federal Chair Designate Powell. Powell is lined up to take over the hot seat from the current Chair, Yellen, in February 2018. With only weeks to go, markets are keen to know his take on the economy. They get the chance to hear his views when he testifies on his nomination before the Senate Banking Committee (Tuesday 28th 3pm GMT). Currently Federal Governor, Jerome Powell is Trump’s pick as the next leader of the national bank. Trump says “He’s strong, he’s committed, he’s smart.”

Treasury Secretary Mnuchin(Tuesday 28th 8.45pm GMT) is speaking about the evolving structure of the US treasury market. As Trump’s economic spokesman this is a key event that could deliver news on changing policies. Dollar markets and stock indices will be affected if that happens.

Finally, Yellen is due to testify on the economic outlook before the Joint Economic Committee of Congress (Wednesday 29th 3pm GMT). As the current Chair of the Federal Reserve Bank, her views are the most important, and there is possibility of one more rate rise before she is replaced in February.

GBP: Bank Stress
The 2008 crisis led to the creation of the Bank Stress Test (Tuesday 28th 7am GMT) in the UK to try and forestall any similar events happening in the future. Designed to find out 7 key banks’ stability and capital reserve adequacy any fails would send minor shockwaves through the City of London and push the currency down.  Bank of England Governor Mark Carney gives a Press Conference (Tuesday 28th 7.30am GMT) about the results, which could cause volatility on the markets.

Carney talks again (Wednesday 29th 2pm GMT) discussing the Fair and Effective Markets Review at the Fixed Income Currencies and Commodities Markets Standards Board.

The Bank is under pressure after shocking reports suggesting stagnant incomes may not exceed their 2008 levels until 2022. The economy is facing inflation and unemployment is low but productivity estimates and business investment are down. The OBR revised growth estimates to 1.5% from 2% at the end of last week. With a recent rate increase, some are wondering if the Bank made the right move.

CAD: Is it working hard or just hard work?
December starts this Friday and with it a wealth of employment news that could affect the Canadian dollar. A positive employment streak has boosted Canada since August 2016 and that looks set to continue if forecasts for Employment Change (Friday 1st 1.30pm GMT) are correct. As you’d expect, the Unemployment Rate (Friday 1st 1.30pm GMT) has steadily fallen since it stood at 7.0% in August 2016 and is currently at 6.3% but if that changed, markets would react.

Both figures are important to the economy but GDP (Friday 1st 1.30pm GMT) is an essential measure of economic health. Released monthly in Canada, GDP shrank by -0.1% for the first time in nine months suggesting things aren’t altogether rosy in Mountie country.

If you want to kick off the action with CAD earlier in the week, it might be good fun to ride the volatility around BoC Governor Poloz’s Press Conference (Tuesday 28th 4.30pm GMT). While he’s talking about the Financial System Review, questions from the press could lead to insights into his attitude towards the current pressures facing the Canadian economy and that could change traders minds about buying or selling. Enjoy.

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

Tue Nov 28
07:00:00 UTC 2017 GBP Bank Stress Test Results
07:30:00 UTC 2017 GBP BOE Gov Carney Speaks
15:00:00 UTC 2017 USD Fed Chair Designate Powell Speaks
15:00:00 UTC 2017 USD CB Consumer Confidence
16:30:00 UTC 2017 CAD BOC Gov Poloz Speaks
20:45:00 UTC 2017 USD Treasury Sec Mnuchin Speaks
20:00:00 UTC 2017 NZD RBNZ Financial Stability Report

Wed Nov 29
00:00:00 UTC 2017 NZD RBNZ Gov Spencer Speaks
13:30:00 UTC 2017 USD Prelim GDP q/q
14:00:00 UTC 2017 GBP BOE Gov Carney Speaks
15:00:00 UTC 2017 USD Fed Chair Yellen Testifies
15:30:00 UTC 2017 USD Crude Oil Inventories

Thu Nov 30
00:00:00 UTC 2017 NZD ANZ Business Confidence
00:30:00 UTC 2017 AUD Private Capital Expenditure q/q
0:00:00 UTC 2017 EUR CPI Flash Estimate y/y
13:30:00 UTC 2017 USD Unemployment Claims

Fri Dec 01
09:30:00 UTC 2017 GBP Manufacturing PMI
15:00:00 UTC 2017 USD ISM Manufacturing PMI
13:30:00 UTC 2017 CAD GDP m/m
13:30:00 UTC 2017 CAD Unemployment Rate
13:30:00 UTC 2017 CAD Employment Change

Some Markets to Watch…

BTCUSD: BTC just keeps on impulsing higher. Next resistance is $10,000. We broke through key resistance over weekend trading.

Crude Oil: We’ve seen some selling pressure at the supply zone at $58.50. Key support is at $55 with further resistance at $60 should we break through the highs.

EURUSD: We traded out of the channel last week and this pair is currently trading above 1.19. This price is key for the bulls and if they can sustain here they might gun for 1.2051 and the recent September highs.

GBPUSD: The bulls have managed to keep this pair supported. If they can sustain above 1.3350 on a daily closing basis, there could be a bullish thesis with a target of 1.35 (the 50% retracement from the 2016 move down).

Gold: We’ve been anticipating the rotation higher on Gold. We are testing some key resistance at 1300. Daily closes above this level and the bulls may target 1350. As long as gold trades above 1260 and within the channel, the bullish thesis for this market remains in place.

USDJPY: This pair is looking heavy now, having failed to take out the highs near 114.50 a number of times. We have possible intraday supply at 111.75 and the Yen is currently probing support at 110.75.

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

USD: Change is a-coming

Change doesn’t always work

This week traders will be excited to hear from Federal Chair Designate Powell. Powell is lined up to take over the hot seat from the current Chair, Yellen, in February 2018. With only weeks to go, markets are keen to know his take on the economy. On Tuesday 28th at 3pm GMT, they get the chance to hear his views when he testifies on his nomination before the Senate Banking Committee. Currently Federal Governor, Jerome Powell is Trump’s pick as the next leader of the national bank. Trump says “He’s strong, he’s committed, he’s smart.”

Also on Tuesday 28th (8.45pm GMT), Treasury Secretary Mnuchin is speaking about the evolving structure of the US treasury market. As Trump’s economic spokesman this is a key event that could deliver news on changing policies. Dollar markets and stock indices will be affected if that happens.

Finally, Yellen is due to testify on the economic outlook before the Joint Economic Committee of Congress on Wednesday 29th at 3pm GMT. As the current Chair of the Federal Reserve Bank, her views are the most important, and there is possibility of one more rate rise before she is replaced in February.

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.

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Midweek USD peak

&

Thanksgiving Macy’s Parade

There’s a midweek peak for the dollar this week as the US traders looks forward to two days of downtime on Thursday and Friday when they give thanks for buoyant markets and mindless consumerism aka Thanksgiving and Black Friday.

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

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