Over 20 years in trading
Like there is not enough excitemet today with the BoJ and the FED, we have the RBNZ Interest Rate decision as well. As noone has done nothing so far, I hope the RBNZ will do the same, nothing and stay on hold with the rates. 22:00 h (London time) ● RBNZ Interest Rate Decision!!! 》 Current 2%, Consensus 2% 》Update
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It’s September and what now? The possibility of raising interest rates today is very small, but you saw how the market reacts to the current threats, like on BoJ’s decision from this morning and latter on the day during the Press Conference. The central bankers are leading this game and we must dance as they play. That’s why you should be extremely
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Are you ready for Bazooka Abe? Early in the morning (European time) at aprox 03:30 h – 04:00 h GMT we have an important decision from the Bank of Japan. Starting with interest rate decision, monetary policy statement and press conference latter on. If you can remember what happened on July 29. during the last BOJ’s decision, I doubt that
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With 9-0 votes the MPC voted unanimously to maintain Bank Rate at 0.25%, as the market has expected. They have set the monetary policy to meet the target inflation at 2%. 12:00 h (London time) > BoE Interest Rate Decision: Previous 0.25% > Current 0.25%!!! Link to Monetary Policy Summary and Minutes of the Monetary Policy Commitee meeting on 14 September
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You have probably notice that I don’t analyse EUR/USD lately at all and if you take a look on this daily chart closely, you will understand why. Even that the technical analysis works perfect, the pair is moving without much sense and it’s impossible to trade on trend here for a long time, what’s unfortunately not strange. Even before Brexit the
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Starting last week and continued in this one, there was a several FED members who talked about the hike possibility on September 21. and this is why the precious metal is falling for the last four trading days. As I pointed in my previous gold analysis, daily down trend line stoped the bulls and my view was that gold will stay
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12:45 h (London time) > ECB Interest rate decision – Previous 0% > Current 0%!!! 12:45 h (London time) > ECB Deposit rate decison – Previous -0,4% > Current -0,4%!!! 13:30 h (London time) > ECB Monetary policy statement and Press conference!!! ECB stays on hold with rates as expected, we will se what Draghi has to say on the press conference in
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Gold bulls pushed the precious metal price strongly up yesterday on weak ISM and reached daily down trend line and resistance level at 1353/58. Are they preparing ‘the field’ for September 21. and for the FED’s interest rate decision with stay on hold? They could be and this is the possible range in the next 11 days and the possible move on decision.
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In my previous two analysis I have pointed at the 1300/05 as strong support and posible turnover point and as the sellers have failed to reach daily MA100 on September 01., the bulls have take over the precious metal. In the last two days, the resistance level on 1328/32, in wich I have pointed in my previous analysis, hold the
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Nonfarm payrolls is an employment report released monthly, usually on the first Friday of every month, and heavily affects the US dollar, the bond market and the stock market. Previous two months had really strong readings. Total NFP employement increased by 255K in July, lower then 292K in June, but much above the 180K expected, after wich the US dollar
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In my last gold analysis from August 24. I have pointed at 1300/05 as a potential target for sellers and they have reach that yesterday. As you can see, they are trying to go even lower and what they want now is the daily MA100 level at 1296. This level at 1300/05 is good and some kind of psihological support and
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FED’s Yellen has a performance at Jackson Hole. Here is the main part of her speach …“Looking ahead, the FOMC expects moderate growth in real gross domestic product (GDP), additional strengthening in the labor market, and inflation rising to 2 percent over the next few years. Based on this economic outlook, the FOMC continues to anticipate that gradual increases in the
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The United States will publish its preliminary report of the Gross Domestic Product for the second quarter of 2016. The release will provide market with clues on how the US economy is performing and whether they can expect a furder tightening of monetary policy from FED. 13:30 h (London time) – Gross Domestic Product Annualized (Q2) > Previous 1,2%, Expectation 1,1%.
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