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forex market news

  1. J

    Week ahead

    In the week ahead, I'll be looking closely at the following releases. 22/07/2021 14:08:00 South African IR exp 19/20 m late See the report history here https://calendar.galaxysoftwareinc.com/#/calendar;nbc=ZA;nn=Interest%20Rate%20Decision 23/07/2021 08:30:00 German Flash Manufacturing...
  2. J

    Turkey Turkish Rate Decision June 17 2021

    What does the data mean to the market? The Central Bank of the Republic of Turkey's (CBRT) Monetary Policy Committee votes on setting the overnight interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher...
  3. J

    United States Crude Oil Inventories June 9 2021

    What does the data mean to the market? The data indicates the number of crude oil barrels held by commercial firms in the US; this inventory is taken weekly and indicates increases or decreases needed in supply, affecting the price. A Positive number is bad for the oil price and vice versa...
  4. J

    Weekly Summary!! 07 June 2021

    There's nothing much to report from last week. No trades hit. I also skipped USA ISM Manufacturing PMI. I've been monitoring this report closely and was considering trading it. Still, I don't have the confidence yet, so I will continue to monitor the market's reactions for a bit longer. No...
  5. J

    Weekly Summary!! 1 June 2021

    There's nothing much to report from last week. No trades hit, I also skipped New Zealand Interest rate, as no economist predicted a change, I decided it wasn't worth getting out of bed in the middle of the night. No change to the Hungarian rate and no deviation on the weekly DOE crude oil...
  6. J

    United States Crude Oil Inventories May 26 2021

    What does the data mean to the market? The data indicates the number of crude oil barrels held by commercial firms in the US; this inventory is taken weekly and indicates increases or decreases needed in supply, affecting the price. A Positive number is bad for the oil price and vice versa...
  7. J

    Hungary HUF Interest Rate May 25 2021

    What does the data mean to the market? The Hungarian National Bank Monetary Policy Committee's decision on where to set the benchmark interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected...
  8. J

    Weekly Summary!! 24 May 2021

    There's nothing much to report from last week. No trades hit. I did have a slight amendment to my planned trades, setting up an additional Aussie trade, Wage price index. (WPI) which I've been watching for a while and have seen some reactions recently. I always trade on the conservative side...
  9. J

    South Africa ZAR IR exp 19/20 m late May 20 2021

    What does the data mean to the market? Higher interest rates are great for the value of the currency. Higher interest rates will create a BUY on ZAR Pairs and vice versa. We see deviations often. We have seen four deviations since November 2018. Which is great from a bi monthly report. April...
  10. J

    Australia Employment Change May 20 2021

    What does the data mean to the market? There are two main lines of data on this release. Employment Change, the total number of people employed/changed in the previous month; more employment is positive for the Aussie dollar and would create a buy of AUD pairs. Unemployment Rate, which has...
  11. J

    United States Crude Oil Inventories May 19 2021

    What does the data mean to the market? The data indicates the number of crude oil barrels held by commercial firms in the US; this inventory is taken weekly and indicates increases or decreases needed in supply, affecting the price. A Positive number is bad for the oil price and vice versa...
  12. J

    Australia AU WPI (Q/Q) May 19 2021

    What does the data mean to the market? The Wage Price Index measures the change in the price businesses, and the government pay for labour, excluding bonuses. It is a leading indicator of consumer price inflation. A higher than expected number should be taken as positive/bullish for the AUD...
  13. J

    Weekly Summary!! 17 May 2021

    Last week I only set up for two trades. Initially, I planned to trade three reports. The incident in the US where a cyber-attack brought the flow of one of the east coasts main oil pipelines to a grinding halt resulted in the weekly DOE Crude Oil Inventories report that I typically trade too...
  14. J

    Mexico MEX interest Rate May 13 2021

    What does the data mean to the market? Mexico's central bank vote on where to set the countries interest rate. Traders watch interest rate changes closely as interest rates are the primary factor in currency valuation. A higher than expected rate is positive/bullish for the MXN (Mexican...
  15. J

    United States Crude Oil Inventories May 12 2021

    What does the data mean to the market? The data indicates the number of crude oil barrels held by commercial firms in the US; this inventory is taken weekly and indicates increases or decreases needed in supply, affecting the price. A Positive number is bad for the oil price and vice versa...
  16. J

    United States Core CPI m/m May 12 2021

    What does the data mean to the market? The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and...
  17. J

    Weekly summary 10 May 2021

    Last week ended on a massive high. I set up for five trades, none of which triggered until Friday's employment data. I originally scheduled to trade Canadian employment data, as this is hot. This time it came out with the highly anticipated US Non-Farm payrolls data. I decided Canadian data...
  18. J

    United States Non-Farm Employment Change May 7 2021

    What does the data mean to the market? The headline data of Non-Farm Payrolls (NFP) reflects the change in the number of people employed during the previous month. A higher number of people employed is good for the US economy and would create a buy on the USD. Vice versa, a lower number would...
  19. J

    Turkey Turkish Rate Decision May 6 2021

    What does the data mean to the market? The Central Bank of the Republic of Turkey's (CBRT) Monetary Policy Committee votes on setting the overnight interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher...
  20. J

    United States Crude Oil Inventories April 28 2021

    What does the data mean to the market? The data indicates the number of crude oil barrels held by commercial firms in the US; this inventory is taken weekly and indicates increases or decreases needed in supply, affecting the price. A Positive number is bad for the oil price and vice versa...
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