According to the data released in the UK in May, retail sales data was 1.3 percent on a monthly basis and 3.9 percent on an annual basis, while non-fuel Core retail sales were 1.3 percent on a monthly basis and 4.4 percent on a monthly basis. On brexit, the House of Commons, the lower wing of Parliament, rejected the changes made by the House of Lords in the Brexit bill. The rejected changes included those that would lead the country to remain in the European Economic Zone and Customs Union. The…
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Brent oil
British Petroleum (BP), 2018 World Energy statistics view and recent reports compiled according to the U.S., oil and petroleum products production in the summit took place last year. According to the report, the United States was the world's largest producer of oil and oil products for four consecutive years. In January 2017, Saudi Arabia and Russia, which went to restrict crude oil production levels to lower the supply surplus in the global oil market, dropped oil production last year. The eyes…
EURusd overview
The Fed's announcement after Federal Open Market Committee(FOMC) meetings pointed to a more “falsehood” stance in the current year and inflation projections, but the end of expectations and yesterday's European Central Bank(ECB) meeting due to the end of the morning hours of rising on the parite side due to expectations. In the ECB decisions, all interest rates were fixed, while the asset purchase program was announced as 30 billion euros until the end of September and as 15 billion euros betwee…
EURusd overview
Today, the Economic Sentiment of ZEW, which measures investors ' stability, is worse than expectations for Germany with -116.1, while the euro zone Economic Sentiment data is well below the expected figures in the market with -116.6. Especially recently, this fluctuating negative picture of the German economy is causing pressure on euro assets. South Korean President Lee Myung-bak vowed Thursday to boost troops on a South Korean island near the countries ' disputed maritime border, setting build…
GBPusd overview
Recent reports on Ireland have put pressure on sterling assets. In particular, it was important to mention that Michael Barnier, the chief negotiator of the European Union Brexit yesterday, had to respect the Common Market and Customs Union integrity of the UK's proposal on the Irish border. On the other hand, following the statements of the British Minister of Finance Philip Hammond today, he pointed out that Britain is not a normal country like Liechtenstein and that it wants a special partner…
EURUSD overview
The US data was followed yesterday, while Easter holidays starting on Friday caused shallow prices on the parite side. The manufacturing Purchasing Managers Index (PMI), which was announced by the resource management Institute (ISM), did not meet market expectations with 59.3 and 60.1. The manufacturing PMI data announced by Markit was also below expectations. On the other hand, trade wars between the United States and China continue to intensify. In the euro zone, the outcome of the coalition t…
USD/JPY proves resilient once again
U.S. jobs & wages report for August fell short of expectations on most metrics. August is historically weak with regard to NFP figure but Wednesday's strong ADP figure gave U.S. dollar bulls some hope that this time was different.
It wasn't and the immediate reaction was to sell the dollar. The report itself was not great but was solid enough and subsequent price action seemed to agree. USD/JPY is ending the day and the week near highs and above 110.
It wasn't and the immediate reaction was to sell the dollar. The report itself was not great but was solid enough and subsequent price action seemed to agree. USD/JPY is ending the day and the week near highs and above 110.
США: количество занятых выросло больше прогнозов в ноябре - ADP
Данные, представленные Automatic Data Processing (ADP), показали: темпы роста занятости в частном секторе США ускорились в ноябре, и при этом оказались больше ожиданий экспертов.Согласно отчету, в текущем месяце количество занятых выросло на 217 тыс. человек по сравнению с пересмотренным в сторону повышения показателем за октябрь на уровне 196 тыс. (первоначально сообщалось о росте на 182 тыс.). Добавим, согласно средним прогнозам значение данного показателя должно было составить 190 тыс.
Если а…
Если а…
The ADP surprise
Hello traders,
As I have just wrote on another blog (I thought that it was here but there are 2 different places for writing blogs)
USD is showing signs of strength. The Forecast numbers are 183k with previous 200k. Everything better than 190k will boost the dollar. We have also speech of Mrs. Yellen so don't be too fast to act on ADP there will be plenty of events until the end of the day. Also don't forget that NFP is coming. It has bigger impact than ADP.
EUR/USD has a potential of falling
GB…
As I have just wrote on another blog (I thought that it was here but there are 2 different places for writing blogs)
USD is showing signs of strength. The Forecast numbers are 183k with previous 200k. Everything better than 190k will boost the dollar. We have also speech of Mrs. Yellen so don't be too fast to act on ADP there will be plenty of events until the end of the day. Also don't forget that NFP is coming. It has bigger impact than ADP.
EUR/USD has a potential of falling
GB…
What to Expect For Non-Farm Payrolls
There is no better way to start the new trading month contest but with such a big risk event like NFP figures.
For sure this is quite a big opportunity to make a quick buck, but we have to take in consideration the downside as well as if you're trading full size your account balance can be wiped out from the first day, if you're using limit orders you may not get a fill and if you're using market orders you can get quite a big slippage.
But no doubt even in this environment you can make money a…
For sure this is quite a big opportunity to make a quick buck, but we have to take in consideration the downside as well as if you're trading full size your account balance can be wiped out from the first day, if you're using limit orders you may not get a fill and if you're using market orders you can get quite a big slippage.
But no doubt even in this environment you can make money a…