Over 20 years in trading
On December 10.2015., RBNZ reduced the Official Cash Rate (OCR) by 25 basis points, from 2.75 to 2.50 percent. CPI inflation was below the 1 to 3 percent target range in December, mainly due to the earlier strength in the New Zealand dollar and the 65 percent fall in world oil prices since mid-2014. on the same time. The inflation rate
Read moreFOMC meeting is coming up at 19:00 h (GMT). There is no press conference today and that’s why the monetary policy statement will be important for the market. I don’t see the possibility for FED to raise the rates again, not after December’s hike. So, what could be important for this meeting is external global factors as China slowdown in the first place. Possible dovish
Read moreBe careful if you trade GBP short term today, Govenor of the Bank of England Mark Carney have speech! Start at 11:00 h (GMT)!!! GBP/USD is momentaly at the very important support level, take a look at my analysis from January 11. >> Update > Very dovish Carney, ‘It’s not good time for raising rates‘, we need CPI nearer 2%.
Read moreWatch up and be careful if you trade Aussie tonight, it could be sharp moves. The Aussie is one of the main currencies to watch over Chinese GDP data. 02:00 h (gmt) – GDP yoy Q4. – Previous 6,9%, consensus 6,8%. Update > 6,8% 02:00 h (gmt) – GDP qoq Q4. – Previous 1,8%, consensus 1,7%. Update > 1,6% At
Read moreRaising interest rates from FED is supposed to be in April 2015. and was postponed for September, and then again postponed for December. Well, here we are, the judgment day is here, again! The US dollar bulls and bears are ready as they can be, the run could start in a few hours, the second after Ms. Janet Yellen anounnced the
Read moreAs we can see, the US dollar is set up for new hights before FOMC. The bulls are optimistic and they are waiting for FED’s December rate hike hint today. US dollar index is at the new high already 99.86 for now, the high from April is almost reached, and the high from March at 100.38 is near. EUR/USD is testing the previous
Read moreSix FED’s members will have speech today, starting at 14:15 h (GMT) > Bullard, 14:30 h > Yellen, 14:45 h > Lacker, 15:00 h > Stanley Fisher, 15:15 h > Evans, 17:15 h > William Dudley. There is not much moves in the last couple of days, it’s almost booring. Could they drop something bombastic and make a stronger move? Here is
Read moreIn about 20 minutes, 13:15 h (GMT), Mr.Draghi will have speech, of how the ECB observes the current European economy. You all know, that President’s comments lately has a negative impact on the euro, but never sure how the market will react and how will realize his outlook. He is known as Mr.Dovish, there is no doubt about that, but… Be very careful! Edit
Read moreFED’s meeting coming up today at 18:00 h (GMT). Interest rate decision (official 0,25%) and monetary policy statement, without press conference. I wrote about all the previous FOMC meetings in this year and the possibility to raise interest rates and I must repeat that, I can’t see that will going to happen in this year. There is to many dovish members of the FOMC,
Read moreIn the last two weeks ‘the market talks’ about possible QE extension, but I don’t expect that will happen today. Mr.Draghi have said that, the QE program is giving expected results so far and based on that, there is no need for extension on my oppinion. Could we expect a rate cut? I don’t see that either as a possible
Read moreFED stays at 0,25% and I took that opportunitie at EUR/USD. I am already out, closed my long at 1.1408, but here is how I did it and why, where I have placed my long, target, my SL, everything. I wrote about my expetations with the interest rates for several times, I just waited for the confirmation and do it.
Read moreWill this really be judgment day or just an ordinary day with a lot of expectations? All I can do today is, to repet my article from June 17. I made this DOVE/HAWK/MODERATE chart before last meeting, so that we could more precisely see which members are more or less dovish/hawkish. As you can see, there is more dovish FOMC members with average
Read moreI capted the move in the M5 chart today, take a look how the EUR/USD have reacted during the NFP data release today. At first, the NFP numbers were out and the pair jumped to 1.1184 high, only second latter, the Average Earnings was released and the numbers were in the line of expetations, moment latter Unemployement data was out, better
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