However, the peso found a boost from separate news also involving the Trump administration. The paucity of opportunities to play vol compression is a boon for EUROZONE APR CONSUMER CONFID. Resistance and Support zones. ITALY'S FTSE MIB HITS SESSION LOW, NOW DOWN 0.
A country's trade balance reflects the difference between exports and imports of goods and services. The trade balance is one of the biggest components of the Balance of Payment, giving valuable insight into pressures on country's currency. A positive Trade Balance surplus indicates that exports are greater than imports. When imports exceed exports, the country experiences a trade deficit.
Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect currency leaking out of the country. Such currency outflows may lead to a natural depreciation unless countered by comparable capital inflows inflows in the form of investments, FDI - where foreigners investing in local equity, bond or real estates markets. At a bare minimum, deficits fundamentally weigh down the value of the currency.
Ramifications of Trade Balance on Markets. There are a number of factors that work to diminish the market impact of Trade Balance upon immediate release. The report is not very timely, coming some time after the reporting period. Developments in many of the figure's components are also typically anticipated well beforehand. Lastly, since the report reflects data for a specific reporting month or quarter, any significant changes in the Trade Balance should plausibly have already been felt during that period - and not during the release of data.
However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the most important reports out of the any country. Consumer Confidence measures the level of confidence households have in economic performance. Generally rising consumer confidence acts as a precursor to higher consumer expenditures which drive economic expansion.
The report also breaks down results into parts of the economy, giving a detailed picture of the consumer climate in Great Britain. GfK Consumer Confidence is one of the most closely watched surveys. The survey results are quantified into index where 0 represents long term Consumer Confidence averages. The headline figure is expressed in percentage change. On a global basis, the indicator is very important for the economy, as it reflects consumers sentiments dynamics of forex trading jobs formed the major portion of Great Britain GDP.
The survey is conducted monthly by GfK, a market research organization, on behalf of the EU commission. A survey of both wage-earning and non-working households, such as those classified as single-member, unemployed, or retired. The headline forex forex trading forex trade day training 8 weeks is the percentage change in average spending per household from the previous year. Increases in household spending are favorable for the Japanese economy because high consumer spending generally leads to higher levels of economic growth.
Higher spending is also a sign of consumer optimism, as households confident in their future outlook will spend more. At the same time accelerated growth exerts inflationary pressure, which can lead to interest rate increases in the future. National Consumer Price Index CPI is the key gauge for inflation in Japan. Simply put, inflation reflects a decline in the purchasing power of the Yen, where each Yen buys fewer goods and services.
In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical Japanese household might purchase. An increase in the index indicates that it takes more Yen to purchase this same set of basic consumer items. Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI.
The headline figure for CPI is the percentage change in the index on a month to month or year to year basis. As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen.
Measures the rate of inflation experienced by consumers living in Tokyo on a fixed basket of goods and services. The change is calculated monthly. Due to the fact that Tokyo is a smaller population to survey than for the national CPI this figure can be released roughly one month before the national figure. Therefore it is a leading inflationary indicator.
The volatile item excluded in a separate derivative of this report is fresh food. An indicator of inflation experienced by consumers living in Tokyo, excluding such volatile item as fresh food. The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.
Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.
WHEN-ISSUED LEVEL - REUTERS DATA","head":"High Yield at Latest 7-Year Note Sale Was more Than 2 Basis Points Below Its 1 P. Q1 GDP GROWTH VIEW TO 0. Q1 Gdp Growth View to 0. President Donal Trump did not boost investor confidence as expected. March advanced goods trade deficit broadened modestly to USD This is consistent with the consensus expectations. The goods exports dropped 1. These declines countered modest gains recorded elsewhere.
Excluding these declines, capital goods exports also rose modestly by 1. Both imply greater strength in equipment spending as compared to assumptions, noted Barclays. Meanwhile, imports of goods also dropped in the month, falling 0. Softness in imports was widespread with falls in food and beverage, capital goods, industrial supplies and consumer goods countering rises elsewhere.
Consumer goods imports dropped in February and March after rising strongly in January. This is in line with other data that imply a slowdown in consumer spending in the first quarter. Moreover, capital goods imports had increased for five consecutive months through February, in line with other data indicating acceleration in fixed investment in late and the first quarter of The goods trade data for March imply that certain moderation in this trend might be in store for the second quarter, stated Barclays.
In all, some of the trade data is expected to be impacted negatively by residual seasonality, but even accounting for this, the report is consistent with other data that suggest a slowdown in the economic activity in the first quarter, added Barclays. At GMT the FxWirePro's Hourly Strength of US Dollar was slightly bullish at Consensus expectations were for the jobless claims to come in atThe data for initial claims have bounced between the low s and the low s after reaching a low point of in early February.
The jobless claims data within this range is viewed as supportive of employment growth and indicates relatively strong underlying activity, noted Barclays in a research report. Meanwhile, continuing claims continued to be lower than 2mn in the week ended 15 April. The insured jobless rate continued to be at 1. At the state level, deterioration in claims was led by a sharp increase in claims in New York. On the other hand, Florida, Pennsylvania and Michigan all recorded significant improvement in claims on the month.
Overall, the initial and continuing claims data do not alter the scenario of a sound labor market. IFOP FIDUCIAL POLL","head":"Centrist Macron Seen Beating Le Pen in 2nd Round of French Election by Throughout the nation, the most positive provinces in April were British Columbia, Ontario, Quebec and Nova Scotia, where the index rose to Meanwhile, sentiment in oil-producing provinces of Saskatchewan and Newfoundland and Labrador continues to remain behind. However, Alberta appears to be recovering, with the index at Meanwhile, sentiment levels in construction, manufacturing and agriculture came back close to February levels.
Other indicators such as accounts receivables and current business status were upbeat. However, plans for employment dropped a bit in April and continue to be relatively low compared to what is usually seen at this time of the year, noted TD Economics in a research report. The medium-term outlook for business sentiment and the Canadian economy continues to be positive, owing to a confluence of factors such as accommodative monetary policy, resilient consumer and slowly rising oil prices, stated TD Economics.
However, it is uncertain if the recent upbeat momentum in business confidence will continue in the near-term. At GMT the FxWirePro's Hourly Strength Index of Canadian Dollar was bearish at MARCH DURABLE GOODS ORDERS, ADVANCE GOODS TRADE DATA","head":"Barclays Raises U. ECONOMY SEEN GROWING 0. Economy Seen Growing 0. Q1 GDP GROWTH ESTIMATE TO 0. Q1 Gdp Growth Estimate to 0. This year, the winter in the United States was quite chilling but not sufficient to draw down this record inventory significantly.
While we maintain our bullish outlook over the longer horizon, we forecasted fallout in the shorter term. In such a case our bullish target is once again activated. We are closely monitoring to make sure that the bull trend has resumed. Now, for the inventory,According to latest numbers, working gas in the underground storage remains at 2. The chart from EIA shows the level of inventory. The second chart from investing.
Today 72 billion cubic feet increase expected. It will also disappoint those in the U. Judicial cooperation and law enforcement were added to security as areas that the EU wants to look at in the agreement, according to the document. However, the EU will wait until after the British election before starting negotiations. In a section looking at how the relationship between the EU and the U. Trade Recommendations:Long EURUSD was stopped out at a loss. Residual short Formula gamma put option 61 exposure in cash forex forex trading forex trade day training 8 weeks is offset through options long EURGBP and soft euro longs via USDCHF and NZDSEK.
The surprise news on UK elections resulted in underperformance of GBP shorts. Stay short GBP vs. The structure itself has limited additional downside, but beyond that UK growth risks still remain. Long EURGBP call spread 0. Copper is down today but benefits from risk on sentiment; the best performer of the week. On the higher side, any close above The commerce secretary highlighted that Canada has been subsidizing the sector that amounts to exports worth 45 billion.
Canadian firms have The peso traded as low as However, the peso found a boost from separate news also involving the Trump administration. President Trump announced that after talking to the Canadian Prime Minister Justin Trudeau and the Mexican President Enrique Pena Nieto, the three have agreed to not to terminate the North American Free Trade Agreement NAFTA but renegotiate it and make it up to date. As the news broke out, the peso is up more than a percent today, and currently trading at Short term trend is still bullish as long as support 1.
The minor support is around 1. Result to be announced at GMT, followed by a press conference at GMT. The meeting is to be held in Frankfurt. The euro has also found support amid doubts on US stimulus in The euro is currently trading at 1. That the news came at a time that GBP shorts were a near record only helped to exacerbate the market move refer above chart. UK PM May surprised markets this week by calling for early elections on June 8th, a step that was subsequently voted for by MPs.
O relevance to forex forex trading forex trade day training 8 weeks has been recent polls which show the Tories well ahead of Labour refer above chartwhich could translate into a majority of seats for the Conservatives, up from 12 currently. Looking ahead, while recent political developments on balance are positive, we are still moderately bearish on GBP over the medium-term. Even though tail risks have diminished, risks to growth still remain especially relative to other countries which is more relevant for FX valuations.
Moreover, the historical relationship between price and positioning in chart 6 indicates that bulk of the GBP shorts initiated this year have been unwound, leaving positioning somewhat cleaner. But we have to take some reassurance, as will investors, that an early vote increases the scope for a transitional period that delays and slows the economic impact of Brexit and thus wait for more clarity on the longer term growth ramifications to reassess.
Hold a 2m 0. Paid 62bp March 17, marked at 5bp. CBR governor Elvira Nabiullina signalled last week that rate cuts of 25 and 50 basis points may be discussed at the meeting as inflation hit 4. In Marchthe decline in inflation expectations resumed and the real rate remained elevated. As Minfin estimates oil and gas revenues have deviated from the budget assumption by RUB65 billion in April RUB92 billion in Marchit is currently buying daily FX of RUB3.
Thus, in total, Minfin plans to buy FX for RUB70bn between April 7 and May 5. This is not currently having a significant impact on the markets. Thus, a more dovish than expected CBR could help to put the brakes on the RUB. We continue to expect the real rate to stay over 3. We expect the key rate to be cut to 8. The European political class does not want Le Pen to receive 40 percent or above votes as it would show that huge numbers of people would prefer to move out of the European Union.
Both his critics and allies condemned his premature and gaudy celebrations, which helped to establish his elite image once more. His rival in the second round, the candidate for Front National Marine Le Pen seized the opportunity to unleash attacks on his celebrations and called him an arrogant. That incident followed another in a whirlpool factory to be closed soon, where Marine Le Pen made a surprise visit and seized the moment by meeting workers while Mr.
Macron was in conversation with the union leaders in the Chamber of Commerce. A similar poll conducted by Harris Interactive found that 61 percent of the voters think that Le Pen is leading a successful round two campaign compared to 48 percent for Macron. Instead, the United States would renegotiate the terms of NAFTA. In a presented statement from the White House, President Trump said that it is his privilege to bring NAFTA forex forex trading forex trade day training 8 weeks to date through renegotiations, which he believes that the end result would make all the three countries stronger and better.
Throughout his campaign, President Trump has been a fierce critic of NAFTA and blamed it as one of the primary reasons for manufacturing job losses in America. Both Canada and Mexico have previously admitted that they are ready to come to the table renegotiate the NAFTA deal, which was introduced 23 years back. Lighthizer has been cleared by Senate committee. Both Mexican peso and the Candian dollar have cheered the decision. The Canadian dollar is currently trading at 1.
The Mexican peso is trading at BANK GOVERNOR INGVES SAYS WOULD BE FAR FETCHED TO BUY MORTGAGE BONDS GIVING THE HOUSING MARKET","head":"Swedish C. It is currently trading around 1. ECB expected to keep policy unchanged and possibilities of some hints on tapering on account of surrounding French elections. Mnuchin said that the proposal would reduce corporate tax rates from the current 35 percent to 15 percent. The plan also includes a one-time cut-rate tax to induce companies in repatriating trillions of dollars in profit from overseas.
That tax rate could be 10 percent according to the proposals or lower. For individuals, the proposal included simplifications, a cut in the top tax rate from Many other deductions are eliminated, but key deductions for mortgage interest and charitable contributions would remain. Among the other measures are the repeal of the estate tax and alternative minimum tax and the scrapping of an Obamacare-related investment income tax.
Mnuchin and the White House chief economic advisor Gary Cohn said that details of the plans are yet to be worked out and they are still running huge numbers to come back with more specifics. They also acknowledged that they are yet to work out the details with lawmakers on Capitol Hill. Mnuchin stressed that the Republican lawmakers on Capitol Hill are on the same page.
He also called on to the democrats to work with given broad outlines. Investors remain worried that the tax proposal may not see the final green light in its current form. BANK GOVERNOR INGVES SAYS NEED TO ERR ON THE SIDE OF CAUTION GIVEN SLOW PICK UP IN INFLATION","head":"Swedish C. FINAL STAYS FLAT AT Final Stays Flat at The PBoC rolled over MLF last week.
CGBs underperformed repo-IRS in recent sessions, reversing the previous outperformance trend. Swap rates will soon be paid up further maintaining the spread with yields, amid hedging flows, especially at the 5Y, as longer-tenor IRS is not liquid. Although front-end liquidity has not loosened yet, the tightening impact from capital outflows should be subsiding as the outflow pressure appears to be falling.
With front-end rates better anchored, the repo-IRS and NDIRS curves should steepen across the 1s5s and 2s5s segments. Q1 forex data show reduced outflow pressures compared with the previous quarter and the same quarter in Net FX sales by bank on behalf of clients dropped to USD Cross-border net FX sales also fell to USD The ratio of FX settlement to FX receipt is rising and the ratio of FX sales to FX payment is falling, pointing to less bearish sentiment towards the CNY.
FINANCE MINISTER","head":"Croatia Revises Central Government Budget Deficit Target for to 1. As a result, current prices on this timeframe has again slid below 21DMA although bulls have attempted to bounce above DMAs. On a broader perspective, from the last 3 months, the previous bullish momentum has been absolutely shrunk away ever since the shooting star pattern at the stiff resistance of 0. Consequently, upon this bearish pattern, the bears have managed to break below 7-EMA level, which is a caution for aggressive bulls.
More dips seem to be likely as the current prices slid below DMAs, EMAs and on bearish momentum indication by the monthly chart. Most importantly for the short terms traders, the bearish indication is backed by the momentum. RSI on both timeframes evidence downward convergence with the price slumps that signals strength in declining trend.
Trading tips: Well, on hedging grounds, initiate longs in forward contracts of near or mid-month tenors. These concerns have now been put to rest with growth accelerating by 0. This shows the economy is proving to be resilient, helped by the recent rebound in exports and high investment spending. The main growth drivers were exports and investments. Both surged by 5. Since lateglobal manufacturing activities have picked up and commodity prices have stabilised.
Consequently, this drove a rebound in exports and capital expenditure by Korean companies, especially in sectors such as semiconductors, automobiles and petrochemicals. Meanwhile, government spending held steady at 0. It is a required element if Trump plans to eventually withdrawal starts the clock on the 6-month period before withdrawal can occurbut it would not require him to do so. It has also been reported that Trump might sign a letter to Congress to notify lawmakers of the intention to renegotiate the terms of NAFTA.
This dual approach intent to renegotiate and to withdrawalprovides maximum flexibility and could simply be a negotiating tactic to put pressure on Mexico and Canada. But at this point it is unclear whether the executive order will be signed or whether a more friendly negotiation process will be attempted first. There is a natural speed limit to EM currency appreciation at least historically — namely the magnitude of appreciation in G10 currencies. Small deviations can occur, such as the modest EM spot outperformance since the start of the year which on a total return basis is amplified by carrybut for EM currency gains to be maintained it will require the dollar weakening against G10 if history is any guide.
Unless the reflation, Trump, protectionism, China growth, or CNY trades resurface with a vengeance, we are happy buying EM FX on sell-offs and sticking with the carry trade. Specifically, we like short SGDINR as a long term trade and short USD against ZAR and MXN over a medium term horizon. The worst case scenario for EMFX would be a hostile approach notification of intent to withdrawal. The MXN suffered overnight on the news as did general EM sentimentbreaking through 19 and the 50d moving average and in recent days posting its worst performance since early January.
Despite the weakness in the peso, the Mexican rate curve barely budged with the 2s10s holding near all-time lows. Yesterday we recommended entering steepener positions in Mexico, but if MXN depreciation gathers steam toward 20, the curve could start to invert. BANK SAYS REPO RATE IS NOW NOT EXPECTED TO BE RAISED UNTIL MID, WHICH IS SLIGHTLY LATER THAN IN PREVIOUS FORECAST","head":"Corrected-Swedish C.
RELATIONS HAVE BEEN IMPROVING","head":"Exclusive - Taiwan President says Taiwan-U. Bank says the First Repo-Rateincrease Is Now expected to be Made in the Middle of BANK SEES Forex forex trading forex trade day training 8 weeks RATE AVERAGING He was heckled and booed during in his home city of Amiens, while he was visiting the Whirlpool plant. The whirlpool plant is supposed to get closed, with all workers fired as the plan is to relocate to Poland.
While Macron was meeting with the union leaders in the Chamber of Commerce, his opponent Marine le Pen made an unannounced surprise visit to the plant. I considered it was such a sign of contempt for the Whirlpool workers that I decided to When Emmanuel Macron finally arrived at the factory gate, Marine Le Pen was gone, so was the moment. We reckon that the risk rally will be broad enough to lift all boats, but for selective alpha hunters, the above table presents a rough-and-dirty framework for differentiating value across currencies.
The starting point of the exercise is that relatively low vega instruments such as call spreads rather than outright calls should be the weapons of choice to play risk-on given the likely compression of vols in such an environment, and that at-expiry digital options can be used as a handy stand-ins for vanilla spreads due to their analytic simplicity of a single strike. Far harder is to handicap the extent to which various currency pairs can rally; we make the simplifying assumption that best YTD spot levels represent the maximum potential for bullish retracement.
The ratio of the spot-to-strike distance of fixed price digital options the above table solves for strikes of 2M levered instruments to the maximum retracement room for spot last column in the table can then be used as a simple value metric: smaller the ratio, lower the heavy lifting required of spot to deliver maximum payouts on options. Despite this weakness, a couple of observations are worth making: Yen-crosses offer better value than USD pairs despite their higher vols simply given the scope for USDJPY to reverse some of its recent decline.
CADJPY is one of the better candidates since recent CAD weakness has undershot recent moves in oil and rate spreads. The pair jumped from the low of S 10 year bond yields shown a huge recovery from the low of 2. S government announcement on tax reform has dragged the year yield from the high of 2. The near term support is around BANK GOV SAYS CURRENT ACCOUNT DEFICIT SEEN AT 1. S planned to set up a sophisticated anti-missile system. S 10 year bond yield shown a minor decline after jumping till 2.
The benchmark year bond yield, which moves inversely to its price, traded flat at 0. The BoJ voted to keep interest rates at The decision was widely anticipated by the financial markets, which expect the Japanese central bank to maintain its low-rate pledge for the foreseeable future. The central bank also voted to continue purchasing Japanese government bonds so that the year JGB yield would remain at zero percent.
The size of the government bond purchases was kept at JPY80 trillion annually. However, central bank policymakers still have little to cheer about with consumer inflation barely above zero percent, as soft household spending discourages companies from raising prices. FX RecapUSD: The dollar held gains against the yen on Thursday after U. President Donald Trump's tax plan offered no fresh surprises, slowing the greenback's rally, while the forex forex trading forex trade day training 8 weeks awaited the European Central Bank's upcoming monetary policy decision.
The dollar index was trading around The euro was at The European central bank is due to announce its policy decision later on Thursday and the focus is on whether the recent French election results, which favour a pro-euro centrist, had any impact in the ECB's stance. Pair made intraday high at A sustained close above Alternatively, a daily close below Sterling clawed back some ground against the euro on Wednesday, recovering from a two-week low, as a perception that political risk had faded drove investors to buy the pound after taking their bets against it to record levels.
The Aussie was last up 0. Shanghai composite index to open down 0. Commodities RecapOil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels. WTI has lost around 8. Brent is almost 9 percent below its April peak. Gold prices edged down on Thursday on ebbing geo-political worries but scepticism over U. President Donald Trump's proposed tax reform curbed further losses.
Spot gold was down 0. Bullion prices edged away from a two-week low of 1, Treasuries RecapYields on New Zealand government bonds fell 2 basis points at the short-end of the curve and about 4 basis points at the long end. Australian government bond futures climbed, with the three-year bond contract up 2 ticks at The year contract added 2. For now, any such upswings are not substantiated by both momentum and trend indicators on this timeframe. Instead, we could see bearish DMA and EMA crossovers on daily and weekly charts.
The US dollar index forms hammer pattern candlestick at Both RSI and stochastic curves evidence downward convergence with the prevailing slumps. MACD also signals bearish trend to prolong further. On a broader perspective, the current prices have slide below 7EMAs, the bearish sentiments are backed up by both RSI and stochastic curves. Fundamentally, the US administration on the other hand has returned to its tax plans.
Treasury Secretary Mnuchin promised last night that there will be far-reaching reforms before the end of the year. The FX market no longer pays much attention to these promises. Neither had the government so far convinced in other key areas nor do we have sufficient knowledge as to which way the tax reform would go. This strategy is likely to fetch leveraged yields than spot FX and certain yields keeping upper strikes at The outlook reflects Moody's expectations for the fundamental business conditions in the industry over the next 12 to 18 months.
Moody's subscribers can access this report via the link at the end of this press release. The research is an update to the markets and does not constitute a rating action. Better prospects for the construction industry, the biggest steel-using sector in Europe, and stable demand from car manufacturers should also support steelmaking in the region. Together with improved consumer confidence, manufacturing in the euro zone has gained momentum and the strengthening of industrial activity should support demand for steel.
However, imports will continue to take some of the expected demand growth away from European steelmakers. Steel producers' input prices have been rising since the beginning ofputting pressure on their profit margins. Moody's could also change the outlook to negative if prices fell to levels close to those at the end ofindicating a risk that steelmakers' profitability could fall, even if the European economy continued to grow.
Headline industrial output for the month expanded by This is another strong showing following a revised On the margin, production level was up by 5. The strong run forex forex trading forex trade day training 8 weeks manufacturing appears unabated and any concern regarding its sustainability will be kept under the carpet for the time being.
Production output was up by Both billings for semiconductor equipment and shipments of semiconductors are heading to the moon. However, the strong run in electronics is largely driven by consumer demand at present. Much will depend on companies increasing forex forex trading forex trade day training 8 weeks capex in the coming months, which then provide the cluster with a second wind.
The main takeaway from the most recent set of IP figures is that 1Q GDP growth figures of 2. The Q1 advance GDP estimates assumed a manufacturing growth of 6. As it is, the sector has now expanded by 8. Statistics Norway rtrs Poll 4. Growth would decelerate in due to a cyclical slowdown in business fixed investments and due to upcoming consumption tax hike. The upward momentum in price is still not sufficiently firm.
The bank would do adjustments as necessary. The yen is currently trading at In addition, it played catch-up gains in the MYR and TWD as foreign investors had pulled out funds from Indian equity markets after the Reserve Bank of India RBI unexpectedly raised its reverse repo rate on April 6. It had won seats in the last election. The AAP and the Congress got 48 and 30 seats respectively.
The press conference is scheduled at GMT. Consumer price inflation report will be released at GMT. GFK consumer confidence report for April will be released at GMT. ECB will announce interest rate TRIPLE OPTION TRADING 331 CC at GMT, followed by a press conference at GMT. Pending home sales report will be released at GMT. EIA will release weekly natural gas inventory report at GMT.
Italy will auction 5-year and year bonds. The tax plan outline released on Wednesday by US President Donald Trump would sharply slash business taxes and discount the rate on overseas corporate profits brought back into the United States. The proposed changes include a cut to the top tax rate on pass-through businesses to 15 percent from the current rate of up to forex forex trading forex trade day training 8 weeks However, it rose to 2.
Meanwhile, the ASX index traded 0. BANK SAYS ECONOMIC OUTLOOK IMPROVED SLIGHTLY, GROWTH EXPECTED TO REMAIN MODEST AND UNEVEN","head":"Singapore C. Thursday, 27 April PRIMARY DEALERS TAKE 8. PRIMARY DEALER ACCEPTED BIDS 5. PM MAY TO SAY THAT MERKEL'S WARNING OVER UK'S BREXIT "ILLUSIONS" SHOWS HIGH YIELD AT LATEST 7-YEAR NOTE SALE WAS MORE THAN 2 BASIS POINTS ZIMBABWE FINANCE MINISTER SAYS CLEARANCE OF ARREARS EXPECTED TO NON-COMPS ACCEPTED FOR U. March advanced goods trade deficit broadened modestly to USD MOODY'S, ON UK, SAYS CONSUMER PRICE INFLATION IS BROADLY IN LINE WITH CANADA PM SAYS OF PHONE CALL WITH TRUMP ON WEDNESDAY "WE HAD A GOOD MOODY'S SAYS SURVEYS SUGGEST OUTPUT GROWTH IN UK RESILIENT, MOODY'S: UK ECONOMY HOLDING UP WELL, DESPITE EMERGING SIGNS OF SOFTER MOODY'S SAYS UK ECONOMY HOLDING UP WELL, DESPITE EMERGING SIGNS OF CANADA PM TRUDEAU SAYS NO QUESTION THERE IS A BROAD RANGE OF OPTIONS CENTRIST MACRON SEEN BEATING LE PEN IN 2ND ROUND OF FRENCH ELECTION BY RUSSIA'S MICEX CLOSED AT 2, HOUSE SPEAKER RYAN SAYS CONFIDENT THAT THE HOUSE CAN PASS A ITALY'S FTSE MIB DOWN 1.
PORTUGAL'S PSI20 DOWN 0. HOUSE SPEAKER RYAN SAYS HOUSE LEADERS HAVE NOT YET MADE ANY GERMANY'S DAX DOWN 0. UK'S FTSE DOWN 0. TRUMP ASKED CANADA PM TRUDEAU FOR HIS OPINION ON POSSIBLE U. KENYA DAY TREASURY BILL YIELD AT 8. KENYA'S CENTRAL BANK SELLS KENYA'S CENTRAL BANK SELLS 7. UNITED STATES APR KC FED COMPOSITE INDEX DECREASE TO 7 VS PREV PUTIN SAYS RUSSIA READY TO HELP JAPAN RESTORE THE FUKUSHIMA NUCLEAR MOSCOW - JAPANESE PM ABE SAYS AGREES WITH PUTIN THAT THE TWO COUNTRIES GERMAN YEAR GOVT BOND YIELD SET FOR BIGGEST ONE-DAY FALL SINCE ROMANIA AIMS TO SELL 3.
RUSSIA'S PUTIN SAYS RUSSIA AND JAPAN CALL ON ALL THE SIDES INVOLVED TO MOLDOVA CENTRAL BANK SAYS KEEPS MAIN INTEREST RATE UNCHANGED AT UNITED STATES MAR PENDING HOMES INDEX DECREASE TO UNITED STATES MAR PENDING SALES CHANGE MM DECREASE TO The production of natural gas has declined over the course ofDOW JONES UP PORTUGAL'S YEAR GOVT BOND YIELD EXTENDS FALL TO 3.
UNITED STATES MAR ADV RETAIL INVTY EX AUTO STAYS FLAT AT 0. ITALY'S FTSE MIB HITS SESSION LOW, NOW DOWN 0. EURO EXTENDS FALLS TO TRADE DOWN 0. GERMAN YEAR GOVT BOND YIELD HITS TWO-DAY LOW OF 0. European Union governments further toughened their position on Brexit, DRAGHI SAYS DID NOT DISCUSS REMOVING EASING BIAS IN INTEREST RATES. DRAGHI SAYS EASING BIAS LINKED TO INFLATION. DRAGHI SAYS EASING BIASES LINKED TO IFNLATION. UNITED STATES MAR ADV RETAIL INVTY EX AUTO INCREASE TO 0.
CZECH CBANK SAYS ALL 7 BOARD MEMBERS WILL ATTEND MAY 4 POLICY MEETING. The metal pack is down today. Performance this week at a glance in EURO ZONE STOXX 50 ERASES GAINS SINCE DRAGHI SPEECH BEGAN, NOW DOWN EURO REVERSES ALL GAINS MADE DURING DRAGHI'S SPEECH, TRADES 0. EURO STOXX BANK INDEX TURNS LOWER AGAIN, NOW DOWN 1. DRAGHI SAYS HAVE NOT DISCUSSED EXITING STIMULUS. ECB'S DRAGHI SAYS THINGS ARE GOING BETTER. GERMAN YEAR GOVT BOND YIELDS REVERSE EARLIER RISE, NOW DOWN 1 BASIS DRAGHI SAYS POTENTIAL NEGATIVE SIDE EFFECTS SO FAR LIMITED.
ECB'S DRAGHI SAYS AS FAR AS INFLATION RISK, THERE WERENT DIFFERING DRAGHI SAYS THERE ARE TENTATIVE SIGNS OF BUILD UP OF PRODUCER PRICES. DRAGHI SAYS OUTLOOK FOR WAGE GROWTH UCNERTAIN. DRAGHI SAYS ALL MEMBERS AGREED ON WORDING OF STATEMENT. KREMLIN SAYS REPORT THAT PUTIN WILL MEET TRUMP IN MAY IS "WISHFUL MONEY MARKET RATES SHOW 60 PERCENT CHANCE OF ECB RATE HIKE IN MARCH ITALY'S FTSE MIB HITS SESSION HIGH, NOW DOWN 0. ECB'S DRAGHI SAYS INFLATION LIKELY TOHOVER AROUND CURRENT LEVEL UNTIL DRAGHI SAYS INFLATION LIKELY TO INCREASE IN APRLI.
GERMANY'S DAX HITS SESSION HIGH, NOW FLAT ON THE DAY. ECB LOWERS EMERGENCY FUNDING CAP FOR GREEK BANKS BY MLN EUROS TO GERMANY APR CPI PRELIM MM DECREASE TO 0. GERMANY APR CPI PRELIM YY INCREASE TO 2. GERMANY APR HICP PRELIM MM DECREASE TO 0. GERMANY APR HICP PRELIM YY INCREASE TO 2. BRAZIL MAR PRODUCER PRICE INDEX INCREASE TO 0. OPEC SEC-GEN SAYS LENGTH OF CRUDE OUTPUT DEAL EXTENSION DEPENDS ON EURO HITS DAY'S LOW VS.
DOLLAR AFTER ECB DECISION. ECB SAYS THE GOVERNING COUNCIL CONTINUES TO EXPECT THE KEY ECB INDIA CENBANK TO CONDUCT 4 TERM REPO AUCTIONS FOR BLN RUPEES. ECB SAYS LEAVES INTEREST RATE ON MARGINAL LENDING FACILITY UNCHANGED MALTESE MINISTER GRECH, SPEAKING FOR EU, SAYS EU27 MINISTERS AGREED OPEC SEC-GEN SAYS THE PRESIDENT OF OPEC IS LEADING TALKS TO BUILD OPEC SEC-GEN SAYS EXPECTS CONSENSUS WILL HAVE BEEN REACHED BY MAY TRUMP SAYS IF FAIR DEAL IS NOT REACHED ON NAFTA, WOULD THEN TERMINATE The Mexican peso reached its weakest point since mid-March after The Canadian dollar recovered sharply after making a low of 1.
PORTUGAL'S YEAR GOVT BOND YIELD FALLS 5. SPAIN'S PUBLIC DEFICIT, MINUS TOWN HALLS 0. OPEC SEC-GEN SAYS WE NEED TO SEE OIL STOCKS FALL CLOSER TO 5-YEAR OPEC SEC-GEN SAYS THE GLOBAL OIL INVENTORY OVERHANG IS DECLINING, SRI LANKA CENTRAL BANK SAYS RS. Today European Central Bank ECB is to provide further guidance in CZECH WEEK T-BILL YIELD CZECHS SELL CZK The sterling has been the outperformer among G10 space this week in The Central Bank of Russia CBR is expected to cut the key rate by French Presidential spokesman, Stephane Le Foll said at the council of President Donald Trump and his team decided against pulling the plug SRI LANKA MONTH T-BOND PCT AT AUCTION - CENTRAL BANK.
SRI LANKA MONTH T-BOND YIELD BANK GOVERNOR INGVES SAYS WOULD BE FAR FETCHED TO BUY BANK GOVERNOR INGVES SAYS BUYING MUNICIPAL BONDS "IN THE CZECHS SELL CZK 0. CZECH FINMIN RETAINS CZK 0. CENTRIST CANDIDATE MACRON SEEN BEATING FAR RIGHT'S LE PEN BY 59 PCT TO RBI SAYS ACCEPTS ALL 3 BBIDS FOR STOCK INDEX FUTURES ABOUT FLAT.
IRAN DEPUTY OIL MINISTER SAYS VERY SOON, HOPEFULLY WITHIN A MONTH, HUNGARY SELLS HUF 56 BLN WORTH OF GOVT BONDS VS HUF 45 BLN OFFER HUNGARY SELLS 3-YEAR GOVT AT 0. HUNGARY SELLS 5-YEAR GOVT BONDS AT 2. HUNGARY SELLS YEAR GOVT BONDS AT 3. NEW CZECH CENTRAL BANK BOARD MEMBER DEDEK SAYS END OF FX CAP CAN INDIA CENTRAL BANK SETS CUT-OFF RATE OF 6. INDIA CENBANK: WEIGHTED AVERAGE RATE AT 6. INDIA CENBANK: ALLOTS ITALIAN OCT CCTEU BOND AUCTION YIELD CHANGE FROM PREVIOUS AUCTION ITALIAN APRIL BTP BOND Forex forex trading forex trade day training 8 weeks YIELD CHANGE FROM PREVIOUS AUCTION ITALIAN JUNE BTP BOND AUCTION YIELD CHANGE FROM PREVIOUS AUCTION The US treasury secretary Steven Mnuchin finally unveiled portions of BANK GOVERNOR INGVES SAYS NEED TO ERR ON THE SIDE OF RBA'S LOWE SAYS DATA AND REPORTS SUGGEST CAPITAL OUTFLOW FROM CHINA RBA'S LOWE SAYS SHORT-TERM CONTROLS CAN HAVE POSITIVE EFFECT ON BANK GOVERNOR INGVES SAYS IMPORTANT FOR RIKSBANK THAT Forex forex trading forex trade day training 8 weeks ICELANDIC APRIL CPI AT 0.
BANK GOVERNOR INGVES SAYS STILL BELIEVES SWEDISH CROWN SWEDEN SELLS INDEX-LINKED BONDS AT AVERAGE YIELD IRAQ OIL MIN SAYS IRAQ SHOULD NOT HAVE BEEN ASKED TO CUT ITS OWN EURO ZONE APRIL CONSUMER SENTIMENT EUROZONE APR BUSINESS CLIMATE INCREASE TO 1. EUROZONE APR ECONOMIC SENTIMENT INCREASE TO EUROZONE APR SERVICES SENTIMENT INCREASE TO EUROZONE APR CONSUMER CONFID. EUROZONE APR CONS INFL EXPEC DECREASE TO EUROZONE APR SELLING PRICE EXPEC DECREASE TO 8. Concerns over ongoing and potentially intensified de-leveraging IRAQ SAYS DEAL WITH OPEC DOES NOT MEAN COUNTRIES SHOULD HALT EFFORTS IRAQ SAYS WE REACHED ABOUT 97 PCT OF OUR OPEC CUT.
OVER 20 LOCAL COMPANIES EXPLORING POSSIBLE LISTINGS ON SAUDI PARALLEL SAUDI STOCK MARKET TO START PILOT LISTINGS OF FOREIGN FIRMS AS SOON AS IRAQ OIL MINISTER SAYS OPEC-LED CUT IS GRADUALLY LEADING TO LONG PORTUGAL ECONOMIC CLIMATE INDICATOR 1. ZAMBIA'S ECONOMY GREW 3. BANK SAYS TOTAL BIDS IN T-BILL AUCTION 0. TURKISH 5-YEAR CREDIT DEFAULT SWAPS FALL TO THE LOWEST SINCE JULY ZAMBIA APRIL INFLATION AT 6. ZAMBIA APRIL INFLATION AT 0. Bears are intensified despite gap up candle more dips for the day CHINA FINANCE MINISTRY SAYS TO AUCTION 10 BLN YUAN DAY BILLS ON CHINA CENTRAL BANK VICE GOVERNOR: WILL CONTINUE TO PUSH YUAN HK'S HANG SENG INDEX CLOSES UP 0.
The South Korean economy is expected to hold up at 2. CORRECTED-MERKEL SAYS HAVE THE FEELING SOME PEOPLE IN BRITAIN HAVE TURKISH CENTRAL BANK SAYS INTEREST RATES IN FOREX DEPO AUCTION NORWAY'S CENTRAL BANK SURVEY : ALMOST ALL THE BANKS REPORTED THAT THE NORWAY'S CENTRAL BANK SURVEY :HOUSEHOLD CREDIT STANDARDS ARE EXPECTED NORWAY'S CENTRAL BANK SURVEY : BANKS TIGHTENED CREDIT STANDARDS FOR NORWAY'S CENTRAL BANK SURVEY : LENDING RATES AND LENDING MARGINS NORWAY'S CENTRAL BANK SURVEY SEES: TIGHTER CREDIT STANDARDS FOR BANK NOT EXTENDED STAY SAYS RIKSBANK NOW BANK SAYS REPO RATE IS NOW NOT EXPECTED TO BE SWEDISH CROWN FALLS Forex forex trading forex trade day training 8 weeks THAN HALF A PERCENT TO 9.
EXCLUSIVE - TAIWAN PRESIDENT SAYS POLITICAL PRESSURE FROM CHINA HAS EXCLUSIVE - TAIWAN PRESIDENT SAYS THERE'S NO SENIOR OFFICIAL TO TALK EXCLUSIVE - TAIWAN PRESIDENT SAYS MAY NEED TO BUY STEALTH F JET EXCLUSIVE - TAIWAN PRESIDENT SAYS PHONE CALL WITH TRUMP CAN TAKE PLACE EXCLUSIVE - TAIWAN PRESIDENT SAYS TAIWAN-U. EXCLUSIVE - TAIWAN PRESIDENT Forex forex trading forex trade day training 8 weeks THE WORLD IS CHANGING, CHINA SHOULD BANK SAYS THE REPO RATE PATHALSO REFLECTS THE FACT THAT SWEDISH CROWN FALLS AFTER RIKSBANK DECISION.
BANK SAYS THE EXECUTIVE BOARD IS STILL PREPARED TO MAKE BANK SAYS AT THEEND OFTHE PURCHASES WILL THUS AMOUNT SWEDISH CENTRAL BANK - REPO RATE UNCHANGED AT CORRECTED-SWISS WATCH EXPORTS RISE 7. SWEDISH MARCH PPI SWEDISH MARCH TRADE BALANCE The round two of the Presidential campaign for the frontrunner TURKISH CENTRAL BANK SAYS DOES NOT OPEN ONE-WEEK REPO AUCTION. SHANGHAI COMPOSITE INDEX CLOSES UP 0.
CHINA'S CSI INDEX CLOSES FLAT AT 3, SPAIN'S IBEX DOWN 0. EUROPE'S STOXX DOWN 0. BRITAIN'S FTSE DOWN 0. FRANCE'S CAC 40 DOWN 0. The paucity of opportunities to play vol compression is a boon for ITALY'S FTSE MIB DOWN 0. BOJ GOV KURODA: EXPECT WAGES TO RISE AS OUTPUT GAP TURNS POSITIVE. TURKEY APR ECONOMIC CONFID IDX INCREASE TO SPAIN APRIL FLASH NATIONAL CPI 2. BANK GOV SAYS CURRENT RUPIAH LEVEL AGAINST USD REFLECTS BOJ GOV KURODA: EXPECT ACTUAL GROWTH TO EXCEED POTENTIAL GROWTH RATE, BANK GOV SAYS NO ROOM YET FOR MONETARY POLICY EASING.
BOJ GOV KURODA: ECONOMY'S MEDIUM-TERM POTENTIAL GROWTH RATE IS SEEN BOJ GOV KURODA: QUESTIONS ABOUT SHORT-TERM RATES, BALANCE SHEET ARE Gold rebounded slightly after a recent sharp dip following French The Japanese government bonds traded flat after the Bank of Japan BOJ GOV KURODA: DEBATING EXIT STRATEGY NOW WILL CAUSE MARKET CONFUSION.
BOJ GOV KURODA: CPI TO HIT 2 PCT IN FISCAL AND WILL MOVE STABLY BOJ GOV KURODA: WILL ADJUST POLICY IF NEEDED TO MAINTAIN MOMENTUM BOJ GOV KURODA: CPI MOVES WEAKENING RECENTLY DUE TO CELL PHONE, OTHER BOJ GOV KURODA: WILL CONTINUE WITH QQE UNTIL PRICES MEET INFLATION BOJ GOV KURODA: BOARD MEMBER SATO, KIUCHI PROPOSED CPI UNLIKELY TO After gap down candle occurred at WEIGHTED AVERAGE COST OF FUNDING EXPECTED TO INCREASE 25 BP TO AROUND MOODY'S - OUTLOOK FOR EUROPEAN STEEL SECTOR CHANGED TO STABLE FROM MOODY'S ON EUROPEAN STEEL SECTOR- OUTLOOK REFLECTS MOODY'S Recovering steel prices and improved industrial output expected in the Industrial output in Singapore delivered a solid performance during GERMAN BUND FUTURES OPEN 2 TICKS LOWER AT EUROSTOXX 50 FUTURES DOWN 0.
TURKISH CENTRAL BANK SETS FUNDING AT 5 BLN LIRA ON ISTANBUL BOURSE AT GERMANY MAY GFK CONSUMER SENTIMENT INCREASE TO SWISS TRADE BALANCE 3, MLN SFR IN MARCH VS REVISED 3, MLN SFR IN SWISS WATCH EXPORTS RISE CHINA'S Q1 GOLD OUTPUT DOWN 9. TAIWAN STOCKS CLOSE FLAT AT 9, SNB SAYS PROFIT ON SWISS FRANC POSITIONS, WHICH TOTALLED CHF 0. SWISS NATIONAL BANK SAYS Q1 PROFIT 7. SWISS NATIONAL BANK SAYS VALUATION GAIN OF CHF 2. SWISS NATIONAL BANK SAYS PROFIT ON FOREIGN CURRENCY POSITIONS RESERVE BANK OF INDIA: RESULT OF THE 28 DAY VARIABLE RATE REVERSE REPO Lots of economic dockets and events scheduled for today and some with All the major Asian indices were trading on a lower note on Thursday The Australian government bonds jumped Thursday as investors poured BOJ offers to lend Y 2.
THAI Q1 GDP SEEN MORE THAN 3. THAI GDP GROWTH SEEN AT 3. MALAYSIA SELLS GOVT BOND MATURING IN AT AVG YIELD OF 4. INDONESIA CHIEF ECON MINISTER SAYS SEES FULL YEAR GDP GROWTH AT INDONESIA CHIEF ECON MINISTER SAYS ECONOMIC GROWTH IN Q1 SEEN MAS SAYS IN MEDIUM-TERM CORE INFLATION EXPECTED TO TREND TOWARDS BUT MAS ESTIMATES WATER PRICE HIKE WILL ADD AROUND 0.
BANK SAYS ECONOMIC OUTLOOK IMPROVED SLIGHTLY, GROWTH MAS SEES SINGAPORE'S GDP GROWING PCT INLITTLE DIFFERENT Do you use Forex signals? I use paid Forex signals. I use free Forex signals. Flashback Friday: FAQs about Opening a New Retirement Account. Since today is Friday, we will look back at some questions frequently asked about creating a new retirement account.
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Trading on Forex may bring good results and regular income. The point is to understand the market signals correctly. Please pay attention to the fact that the Forex. Data presented on the website may be inaccurate due to delay inpublication. Information on the Forex trading portal is devoted to the analysis and online trading on the currency market.
Don't have an account? New to the Portal? For traders For traders. Financial instruments charts and quotes. Miss Insta Asia beauty contest. National CPI ex Fresh Food. National CPI ex fresh food and energy. Tokyo CPI ex Fresh Food. Tokyo CPI ex Fresh Food and Energy. Central Bank Interest Rates. Building Consents Building Consents also known as Building Permits measures the change in the number of new building consents issued by the government.
Building consents are a key indicator of demand in the housing market. Trade Balance A country's trade balance reflects the difference between exports and imports of goods and services. GfK Consumer Confidence Consumer Confidence measures the level of confidence households have in economic performance. Household Spending A survey of both wage-earning and non-working households, such as those classified as single-member, unemployed, or retired.
National CPI National Consumer Price Index CPI is the key gauge for inflation in Japan. National CPI ex Fresh Food National Consumer Price Index CPI is the key gauge for inflation in Japan. National CPI ex fresh food and energy National Consumer Price Index CPI is the key gauge for inflation in Japan. Tokyo CPI Measures the rate of inflation experienced by consumers living in Tokyo on a fixed basket of goods and services. Tokyo Forex forex trading forex trade day training 8 weeks ex Fresh Food An indicator of inflation experienced by consumers living in Tokyo, excluding such volatile item as fresh food.
Tokyo CPI ex Fresh Food and Energy An indicator of inflation experienced by consumers living in Tokyo, excluding such volatile item as fresh food. Unemployment Rate The percentage of individuals in the labor force who are without a job but actively seeking one.
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