Press review - page 8

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Sergey Golubev
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Market Condition Evaluation based on standard indicators in Metatrader 5

newdigital, 2013.06.26 10:43

We are going to have the following news event at 14:30 MQ server MT5 time :

2013-06-26 12:30 GMT | [USD - Gross Domestic Product (GDP)]

We are using same formula for trading/estimate the direction : if actual > forecast = good for currency (for USD in our case). Past data is 2.4% (according to the latest release); forecast data is 2.4%



U.S. GDP Grew Much Less Than Previously Estimated In Q1 :

6/26/2013 8:41 AM ET

In a major shock to economists, the Commerce Department released a report on Wednesday showing a substantial downward revision to the pace of U.S. economic growth in the first quarter of 2013.

The Commerce Department said its final reading on first quarter gross domestic product showed 1.8 percent growth, well below the previous estimate of a 2.4 percent increase.

The sharp downward revision to the pace of GDP growth came as a surprise to economists, who had expected the increase to be unrevised.

A notable downward revision to the increase in consumer spending contributed to the much weaker than previously estimated growth.

U.S. GDP Grew Much Less Than Previously Estimated In Q1
U.S. GDP Grew Much Less Than Previously Estimated In Q1
  • www.rttnews.com
In a major shock to economists, the Commerce Department released a report on Wednesday showing a substantial downward revision to the pace of U.S. economic growth in the first quarter of 2013. The Commerce Department said its final reading on first quarter gross domestic product showed 1.8 percent growth, well below the previous estimate of a...
Sergey Golubev
Moderator
113456
Sergey Golubev  

We had the following news event at night:

2013-06-26 22:45 GMT | [NZD - Trade Balance]

This is high or medium impacted news event. We are using same formula for trading or to estimate possible direction of the trend : actual > forecast = good for currency (for NZD in our case):

===============

New Zealand May Trade Surplus NZ$71 Million

New Zealand posted a merchandise trade surplus of NZ$71 million in May, Statistics New Zealand said on Thursday, worth 1.7 percent of exports. The headline figure was well shy of forecasts for a surplus of NZ$427 billion following the upwardly revised surplus of NZ$174 million in April (originally NZ$157 million).

"Lower goods exports to most destinations contributed to the overall fall in export values," industry and labor statistics manager Louise Holmes-Oliver said. "Australia and United States led this fall, which was partly offset by the increase to China."

Sergey Golubev
Moderator
113456
Sergey Golubev  

Just about 2 high/medium impacted news events which we had for today :

======

2013-06-27 08:30 GMT | [GBP - Current Account]

actual > forecast = good for currency (for GBP in our case)

  • past data was -13.6B
  • forecast was -11.8B
  • actual data was -14.5B according to the latest release


======

2013-06-27 08:30 GMT | [GBP - Gross Domestic Product (GDP)]

actual > forecast = good for currency (for GBP in our case)

======

This is small article about it :

U.K. Q1 Growth Confirmed At 0.3%; Disposable Income Plunges :

The U.K. economy escaped recession in the first quarter as previously estimated, final data from the Office for National Statistics showed Thursday. Disposable income of households declined at the sharpest pace since 1987.

Gross domestic product expanded 0.3 percent in the first quarter, reversing last quarter's 0.2 percent contraction. Compared to the first quarter of 2012, the economy grew 0.3 percent, following nil growth in the prior quarter.

In a separate communique, the ONS said the current account deficit widened to GBP 14.5 billion from GBP 13.6 billion in the previous quarter. The deficit was equivalent to 3.6 percent of GDP.

Sergey Golubev
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Sergey Golubev  

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USDJPY Technical Analysis 23.06 - 30.06 : Rally Finishing to Ranging

newdigital, 2013.06.27 12:56

There are some other news events for today which may be reflected on the price movement :

2013-06-27 12:30 GMT | [USD - Core Personal Consumption Expenditure Price Index (Core PCE Price Index)]

2013-06-27 14:00 GMT | [USD - FOMC Member Speaks]

2013-06-27 23:30 GMT | [JPY - National CPI Core]

2013-06-27 23:50 GMT | [JPY - Retail Sales]

So, be careful with trading.


Sergey Golubev
Moderator
113456
Sergey Golubev  

Just about the following :

Forum

USDJPY Technical Analysis 23.06 - 30.06 : Rally Finishing to Ranging

newdigital, 2013.06.27 14:34

We had the following news event for right now :

2013-06-27 12:30 GMT | [USD - Core Personal Consumption Expenditure Price Index (Core PCE Price Index)

It was 37 pips to one direction :





U.S. Personal Income Rises More Than Expected In May :

Personal income in the U.S. rose by more than expected in the month of May, according to a report released by the Commerce Department on Thursday, with the report also showing an increase in personal spending that matched economist estimates.

The report said personal income rose by 0.5 percent in May after edging up by 0.1 percent in April. Economists had been expecting income to increase by about 0.2 percent.

Additionally, the Commerce Department said personal spending rebounded by 0.3 percent in May following a 0.3 percent drop in the previous month. The increase came in line with expectations.

===============

U.S. Weekly Jobless Claims Fall Roughly In Line With Estimates :

First-time claims for U.S. unemployment benefits showed a modest decrease in the week ended June 22nd, the Labor Department revealed in a report on Thursday, with claims falling roughly in line with estimates.

The report said initial jobless claims dipped to 346,000, a decrease of 9,000 from the previous week's revised figure of 355,000.

Economists had been expecting jobless claims to fall to 345,000 from the 354,000 originally reported for the previous week.

===============

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USDJPY, M5, 2013.06.27

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USDJPY, M5, 2013.06.27, MetaQuotes Software Corp., MetaTrader 5, Demo


U.S. Personal Income Rises More Than Expected In May
U.S. Personal Income Rises More Than Expected In May
  • www.rttnews.com
Personal income in the U.S. rose by more than expected in the month of May, according to a report released by the Commerce Department on Thursday, with the report also showing an increase in personal spending that matched economist estimates. The report said personal income rose by 0.5 percent in May after edging up by 0.1 percent in April...
Sergey Golubev
Moderator
113456
Sergey Golubev  

A lot of talking in russian part of mql5 about bitcoints ... so I decided to place this news.

Bitcoin Black Market Competition Heats Up, With Pro Marketing And Millions At Stake :

The Silk Road’s founder, on the other hand, has taken on a much more colorful identity within the community he’s created. In Silk Road’s forums, he goes by the name Dread Pirate Roberts, and frequently posts long political manifestos, “State of the Road” updates, love letters to his users, and even hosts a Dread Pirate Roberts Book Club focusing on libertarian economics.

But neither has spoken to the public to the same degree as Atlantis, both in its video ad and when the site’s CEO answered Reddit users questions on a public forum earlier this month. When one Redditor asked whether that publicity would attract a crackdown from law enforcement, Atlantis’ CEO responded that “We want to bring attention to the site and bring our vendors more buyers. Law enforcement is going to be aware of us (and probably already is) regardless of the way we choose to put our product out there.” When another Redditor asked how the Atlantis admin was able to freely use Reddit without being arrested, the CEO responded merely with the words “anonymity technology” and a link to Tor’s website as well as the Wikipedia entry for virtual private networks.

But whether the anonymity protections of sites like the Silk Road, Atlantis, or Black Market Reloaded can stand up to the surveillance powers of the Drug Enforcement Agency and other federal investigators remains an open question. One early attempt at an online drug marketplace known as the Farmer’s Market was shut down and had its eight staffers indicted last year. And the U.S. government has been making moves towards regulating Bitcoin, seizing the funds of the U.S. intermediary for the biggest Bitcoin exchange Mt. Gox last month and sending cease-and-desist letters to the Bitcoin Foundation accusing it of engaging in unauthorized money transmission. In June Mt. Gox announced that it would only exchange Bitcoins for dollars with verified customers, requiring proof of identification and essentially ending anonymous use of the service for Americans.

But other Bitcoin services such as the direct peer-to-peer Bitcoin trade service “LocalCoin” and money-laundering sites still allow users to remove traces of their identity from the crypto-currency. The administrators behind sites like Atlantis, for their part, don’t seem particularly worried about the feds catching up with their digital drug trade. “We did a lot of planning in relation to this and haven’t had any security issues so far,” wrote the site’s CEO in his Reddit conversation. “We take many measures to protect our identity.”



Bitcoin Black Market Competition Heats Up, With Pro Marketing And Millions At Stake
Bitcoin Black Market Competition Heats Up, With Pro Marketing And Millions At Stake
  • Andy Greenberg
  • www.forbes.com
A still from a promotional video released by Atlantis, a drug sales site that uses tools like Tor and Bitcoin to hide users' identities. The ad has since been removed from YouTube. When the online drug sales site Silk Road first appeared in 2011, the idea of anonymously buying any drug [...]
Sergey Golubev
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Sergey Golubev  

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USDJPY Technical Analysis 23.06 - 30.06 : Rally Finishing to Ranging

newdigital, 2013.06.28 08:42

This is Friday today and we are going to the the following news events :

2013-06-28 12:00 GMT | [USD - FOMC Member Speaks]

2013-06-28 12:00 GMT | [EUR - German CPI] ; previous data 1.5%; forecast is 1.7%

2013-06-28 13:45 GMT | [USD - Chicago PMI Index] ; previous data 58.7; forecast is 56.0

2013-06-28 13:55 GMT | [USD - University of Michigan Consumer Confidence Index] ; previous data 84.5; forecast is 82.8



====================

Dollar gains on yen as traders eye yield differentials

  • Fed's Dudley and Powell play down worries of stimulus tapering
  • Quarter-end adjusting seen helping lift euro

The dollar scaled a two-and-a-half week peak against the yen in Asia on Friday but lost ground against the euro after two more Federal Reserve officials sought to play down fears over the central bank's plan to gradually reduce stimulus.

Traders said some last minute positioning ahead of the end of the month and quarter helped the euro edge off a four-week trough, although the common currency was still headed for its second week of declines.

Investors turned positive on the dollar since Fed Chairman Ben Bernanke last week laid out a roadmap for scaling back its asset-buying stimulus programme if the economy continued to improve.


That prompted major central bank policy makers to voice their concerns this week. New York Fed President William Dudley and Fed Governor Jerome Powell were the latest to attempt to quell market nerves.

Dudley went as far as saying that recent market expectations for an earlier rate rise are "quite out of sync" with the statements and expectations of the policy-making Federal Open Market Committee. His comments helped fuel further gains on Wall Street.

Later Friday, markets await the Chicago PMI index, a barometer of Midwest business activity and the final reading of U.S. consumer sentiment for June.

CORRECTED-FOREX-Dollar gains on yen as traders eye yield differentials
  • www.reuters.com
TOKYO/SYDNEY, June 28 (Reuters) - The dollar scaled a two-and-a-half week peak against the yen in Asia on Friday but lost ground against the euro after two more Federal Reserve officials sought to play down fears over the central bank's plan to gradually reduce stimulus. Traders said some last minute positioning ahead of the end of the month...
Sergey Golubev
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Sergey Golubev  

German Retail Sales Rebound In May, Beat Forecasts

6/28/2013 3:59 AM ET

Retail sales in Germany recorded a surprise improvement in May, cementing expectations that private consumption will continue to remain one of the largest contributors to economic growth backed by solid labor market conditions and income expectations.

On a seasonally and calendar adjusted basis, retail sales grew 0.8 percent month-over-month, faster than the 0.4 percent growth expected, data from the Federal Statistical Office showed Friday.

The outcome reversed the 0.1 percent drop in April and represented the first improvement following three consecutive monthly declines.

Annually, retail sales rose 0.4 percent in real terms in May, beating forecast for a 0.2 percent increase. However, the growth was weaker than the 2.7 percent increase recorded for April.


Bundesbank expects economic activity to pick up strongly in the second quarter. It projects a 0.3 percent expansion for this year and 1.5 percent growth in 2014. A rebound in consumer spending helped the German economy dodge recession in the first quarter, with gross domestic product growth of 0.1 percent.

German Retail Sales Rebound In May, Beat Forecasts
German Retail Sales Rebound In May, Beat Forecasts
  • www.rttnews.com
Retail sales in Germany recorded a surprise improvement in May, cementing expectations that private consumption will continue to remain one of the largest contributors to economic growth backed by solid labor market conditions and income expectations. On a seasonally and calendar adjusted basis, retail sales grew 0.8 percent month-over-month...
Sergey Golubev
Moderator
113456
Sergey Golubev  

Just about the following news event which I traded today for EURUSD, USDCHF and USDJPY :

2013-06-28 12:00 GMT | [EUR - German CPI] ; previous data 1.5%; forecast is 1.7%; actual data is 1.8% according to the latest press release.

============

Germany June Inflation Rises More Than Expected :

Germany's EU harmonized inflation accelerated more than economists expected in June, latest data showed Friday.

Inflation as per the harmonized index of consumer prices (HICP) advanced to 1.9 percent in June from 1.6 percent in May, preliminary data released by the Federal Statistical Office showed Friday. Economists had forecast a more modest acceleration to 1.8 percent.

At the same time, the consumer price index moved up 1.8 percent annually in June, after rising 1.5 percent in May and 1.2 percent in April. Economists were looking for a figure of 1.7 percent.

Sergey Golubev
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Sergey Golubev  

Canadian dollar pares losses after Canadian GDP :

The Canadian dollar pared losses against its U.S. counterpart early Friday after Canadian data showed the economy grew 0.1 percent in April.

The currency strengthened to C$1.0476 to the U.S. dollar, or 95.46 U.S. cents, regaining almost all of its overnight losses. It finished Thursday's North American session at C$1.0475 versus the U.S. dollar, or 95.47 U.S. cents.

===============

Forum

Market Condition Evaluation based on standard indicators in Metatrader 5

newdigital, 2013.06.28 15:43

The other story for today was the news event for CAD:

2013-06-28 12:00 GMT | [CAD - German CPI] ; previous data 0.2%; forecast is 0.1%; actual data is 0.1% according to the latest press release.



MetaTrader Trading Platform Screenshots

USDCAD, M5, 2013.06.28

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USDCAD, M5, 2013.06.28, MetaQuotes Software Corp., MetaTrader 5, Demo


Canadian dollar pares losses after Canadian GDP
  • www.reuters.com
TORONTO, June 28 (Reuters) - The Canadian dollar paredlosses against its U.S. counterpart early Friday after Canadiandata showed the economy grew 0.1 percent in April.The currency strengthened to C$1.0476
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