AUD/USD Intra-Day Fundamentals: Australia Home Loans and 50 pips price movement
2016-10-11 00:30 GMT | [AUD - Home Loans]
if actual > forecast (or previous one) = good for currency (for AUD in our case)
[AUD - Home Loans] = Change in the number of new loans granted for owner-occupied homes.
From RTT News article:
AUD/USD M5: 50 pips range price movement by Australia Home Loans news event
So why all this talk about the CNY weakness? (adapted from the article)
"In short, the Yuan weakness gives China a comparative and possibly absolute manufacturing and export advantage
that could encourage the aggressive fiscal policy stimulus that would
naturally align with the “yield curve control’ announced on September
"On Monday, the Chinese Renminbi (off-short Yuan) fell by its largest
amount in four months after China opened following National Day Golden
Week holiday. The drop amounted to 0.46% for the Yuan but continues to
validate the trend of a stronger USD and weaker CNH. The weakening took
the Yuan to its lowest level (6.7501) since September 2010 according to
"The weakening aligns with China FX reserves shows a rising amount of
capital is leaving. The increase in capital flows could bring volatility
to global markets as the world awaits the next move by the Federal
Reserve that could bring down the Yuan and is encouraging wealthy
citizens of China to move their money overseas in yuan amid Yuan
So why all this talk about the CNY weakness? In short, the Yuan weakness
gives China a comparative and possibly absolute manufacturing and
export advantage that could encourage the aggressive fiscal policy
stimulus that would naturally align with the “yield curve control’
announced on September 21."
USD/JPY Technical Analysis: The Race To Debase Resumes In Asia (based on the article)
Intra-Day Fundamentals - EUR/USD and USD/CAD: NFIB Small Business Index2016-10-11 10:00 GMT | [USD - NFIB Small Business Index]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - NFIB Small Business Index] = Level of a composite index based on surveyed small businesses.
From 247 wallst article: Small Business Optimism Slips Again in September
"Clearly the stock market loves the Fed, but bloated stock values are not
real productive wealth which is created by real investment in plant,
equipment, research and infrastructure, weak in this recovery. Even
housing with low mortgage rates has not performed up to expectation
based on demographics. It has not occurred to the Fed that what meager
growth we have had has occurred in spite of government policy, not
because of it. The private sector continues to perform poorly in light
of the barriers that governments at all levels throw up in its path."
EUR/USD M5: 37 pips price movement by NFIB Small Business Index news events
USD/CAD M5: 29 pips price movement by NFIB Small Business Index news events
Fed Dudley Speaks, Fed George Speaks , Sep FOMC Minutes - Barclays (based on the article)
2016-10-12 12:00 GMT | [USD - FOMC Member Dudley Speaks]
[USD - FOMC Member Dudley Speaks] = Speech at the Fireside Chat with the Business Council of New York, in Albany.
New York Fed President Dudley (FOMC voter) speaks: "Dudley
speaks on the economy. Based on his recent speeches, we think he is now
of the view that, from a risk-management perspective, accommodation
should be removed cautiously given the lack of scope to lower rates in
the event of an economic downturn."
2016-10-12 13:40 GMT | [USD - FOMC Member George Speaks]
[USD - FOMC Member George Speaks] = Speech at the Federal Reserve Bank of Chicago's Annual Payments Symposium.
Kansas City Fed President George (FOMC voter) speaks: "George
speaks on the economic outlook. She has dissented several times this
year. We expect her to maintain her call for a rate hike."
2016-10-12 18:00 GMT | [USD - FOMC Meeting Minutes]
[USD - FOMC Meeting Minutes] = It's a detailed record of the FOMC's most recent meeting, providing
in-depth insights into the economic and financial conditions that
influenced their vote on where to set interest rates.
FOMC minutes: "Given the three dissents in favor of a rate hike at the FOMC’s September meeting, we expect the minutes to reveal widening divisions within the committee over the appropriate stance of policy. On one side are
those who believe a rate hike in September would have been warranted
given that the economy is operating near mandate-consistent levels and
mediumterm risks are rising. These concerns were expressed by regional
Fed presidents Rosengren, Mester, and George in remarks leading up to,
and following, the meeting. On the other side are
those FOMC members, primarily within the Board, who point to a slower
removal of labor market slack, via trends in participation and other
variables, and a lack of evidence that inflation or financial
instability are rising, as supporting a further delay in policy
World's 25 Biggest Banks In 2016 (based on the article)
USD/CNH Intra-Day Fundamentals: China Trade Balance and 127 pips price movement
2016-10-13 02:00 GMT | [CNY - Trade Balance]
if actual > forecast (or previous one) = good for currency (for CNY in our case)
[CNY - Trade Balance] = Difference in value between imported and exported goods during the previous month.
From Forex Live article:
USD/CNH M5: 127 pips range price movement by China Trade Balance news event
U.S. Commercial Crude Oil Inventories
news event: intra-day ranging on reversal, daily ranging bullish
2016-09-13 15:00 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 4.9M million barrels from the previous
Crude Oil M5: ranging on reversal. The
price broke 100 SMA/200 SMA reversal levels for the bearish breakdown, and it was was bounced to above to be crossed 100 SMA/200 SMA back to above for the bullish reversal. For now, the price is on ranging near and above 100 SMA/200 SMA within 52.11 bullish continuation resistance level and 50.90 bearish reversal support level.
If the price breaks 53.71 resistance on close daily bar so the primary bullish trend will be resumed.If
the price breaks 49.49
support level on close daily bar so the local downtrend as the
secondary correction within the primary bullish trend will be started.If the price breaks 42.72
support level on close daily bar so we may see the reversal of the price movement
from the primary bullish to the primary bearish market condition.If not so the price will be on bullish ranging within the levels.