EUR/USD Intra-Day Fundamentals: U.S. Building Permits and 16 pips price movement
2016-04-19 12:30 GMT | [USD - Building Permits]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - Building Permits] = Annualized number of new residential building permits issued during the previous month.
EUR/USD M5: 16 pips price movement by U.S. Building Permits news event
USD/CAD Intra-Day Fundamentals: BOC Governor Stephen Poloz speech and 18 pips price movement
2016-04-19 15:00 GMT | [CAD - BOC Gov Poloz Speaks]
[CAD - BOC Gov Poloz Speaks] = The speech along with Deputy Governor Carolyn Wilkins before the House of Commons Standing Committee on Finance, in Ottawa.
"In terms of the Bank’s primary mandate,
total CPI inflation is currently below our 2 per cent target. The upward
pressure on imported prices coming from the currency depreciation is
being more than offset by the impact of lower consumer energy prices and
the downward pressure coming from excess capacity in the economy. As
these factors diminish, total inflation is projected to converge with
core inflation and be sustainably on target sometime in the second half
of next year."
"To sum up where we are, while recent economic data have been
encouraging on balance, they’ve also been quite variable. The global
economy retains the capacity to disappoint further, the complex
adjustment to lower terms of trade will restrain Canada’s growth over
much of our forecast horizon, and households’ reactions to the
government’s fiscal measures will bear close monitoring. We have not yet
seen concrete evidence of higher investment and strong firm creation.
These are some of the ingredients needed for a return to natural,
self-sustaining growth with inflation sustainably on target."
USD/CAD M5: 18 pips price movement by BOC Governor Stephen Poloz speech news event
GBP/USD Intra-Day Fundamentals: BoE Governor Mark Carney speech and 24 pips price movement
2016-04-19 14:35 GMT | [GBP - BoE Gov Carney Speaks]
[GBP - BoE Gov Carney Speaks] = The speech before the Lords Economic Affairs Committee, in London.
GBP/USD M5: 24 pips price movement by BoE Governor Mark Carney speech news event
USD/JPY Intra-Day Fundamentals: Japan Trade Balance and 23 pips price movement
2016-04-19 23:50 GMT | [JPY - Trade Balance]
if actual > forecast (or previous one) = good for currency (for JPY in our case)
[JPY - Trade Balance] = Difference in value between imported and exported goods during the reported month.
USD/JPY M5: 23 pips price movement by Japan Trade Balance news event
Trading News Events: U.K. Jobless Claims Change (based on the article)What’s Expected:
Even though the Bank of England (BoE) remains upbeat on the U.K.
economy, signs of weak wage growth may encourage Governor Mark Carney to
retain the record-low interest rate throughout 2016 as the central bank
struggles to achieve its 2% target for inflation.
Nevertheless, the slowdown in global growth paired with easing outputs
may drag on the labor market, and a dismal employment report may drag on
the exchange rate as market participants push out bets for a BoE
How To Trade This Event Risk
Bullish GBP Trade: U.K. Job/Wage Growth Beat Market Expectations
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2016.04.20 09:16
GBP/USD M5: 27 pips range price movement by U.K. Jobless Claims Change news event
U.S. commercial crude oil inventories news event: Crude Oil Intra-Day Price Action Analysis - intra-day bullish trend to be continuing in the future with 44.89 level as a target
2016-04-20 14:30 GMT | [USD - Crude Oil Inventories]
[USD - Crude Oil Inventories] = Change in the number of barrels of crude oil held in inventory by commercial firms during the past week.
commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) increased by 2.1 million barrels from the previous
week. At 538.6 million barrels, U.S. crude oil inventories are at
historically high levels for this time of year. Total motor gasoline
inventories decreased by 0.1 million barrels last week, but are well
above the upper limit of the average range. Finished gasoline
inventories increased whileblending components inventories decreased
last week. Distillate fuel inventories decreased by 3.6 million barrels
last week but are well above the upper limit of the average range for
this time of year. Propane/propylene inventories rose 1.2 million
barrels last week and are above the upper limit of the average range.
Total commercial petroleum inventories decreased by 0.4 million barrels
Crude Oil M5: breakout with bullish reversal.
The price broke 200 SMA/100 SMA reversal area to above on the recent
commercial crude oil inventories news event for now: price was
reversed to the primary bullish market condition with 43.75 resistance
level for the bullish trend to be continuing, otherwise - ranging.
Crude Oil H4: ranging bullish. The price is on bullish ranging condition within the following key support/resistance levels:
RSI indicator is estimating the ranging bullish trend to be continuing in the near future.
SUMMARY : bullish
Trading the News: U.K. Retail Sales (based on the article)
Even though BoE warns that the next policy move will be to normalize
monetary policy, the Monetary Policy Committee (MPC) may stick to the
sidelines ahead of the U.K. Referendum in June, and the central bank may
look to carry its accommodative policy stance into 2017 amid the
uncertainty surrounding the economic outlook.
However, sticky wage growth paired with hopes for a stronger recovery
may boost private-sector consumption, and a rebound in retail spending
may put increased pressure on the BoE to normalize policy sooner rather
than later as Governor Mark Carney sees a risk of overshooting the 2%
inflation-target over the policy horizon.
How To Trade This Event Risk
Bearish GBP Trade: Retail Sales Falls Another 0.3% or Greater
GBP/USD Intra-Day Fundamentals: U.K. Retail Sales and 10 pips price movement
2016-04-21 08:30 GMT | [GBP - Retail Sales]
if actual > forecast (or previous one) = good for currency (for GBP in our case)
[GBP - Retail Sales] = Change in the total value of inflation-adjusted sales at the retail level.
GBP/USD M5: 10 pips price movement by U.K. Retail Sales news event
EUR/USD Intra-Day Fundamentals: ECB Minimum Bid Rate and 23 pips price movement
2016-04-21 11:45 GMT | [EUR - Minimum Bid Rate]
if actual > forecast (or previous one) = good for currency (for EUR in our case)
[EUR - Minimum Bid Rate] = Interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system.
"At today’s meeting the Governing Council of the ECB decided that the
interest rate on the main refinancing operations and the interest rates
on the marginal lending facility and the deposit facility will remain
unchanged at 0.00%, 0.25% and -0.40% respectively."
EUR/USD M5: 23 pips price movement by ECB Minimum Bid Rate news event