CA GDP m/m | April 28, 2017 | Currency News

CA GDP is expected to move the market in the event of a surprise.  But with the US Advanced GDP scheduled at the same time, I’d focus more on the US release but also keep an eye on this one.  The US figure will obviously have more impact. Here’s the forecast: 8:30am NY Time CA […]

UK Prelim GDP q/q | April 28, 2017 | Currency Trading

UK Prelim GDP q/q is a first GDP release for the Q1 of 2017 period, and since it is the first release for the quarter it is also the most likely to surprise the market, thus adding more volatility if we were to get a surprise.   I’d wait for the release before taking any […]

AU CPI q/q | April 25, 2017 | Currency Trading

The AU CPI figure today will be crucial for AUD as a strong surprise will change the short-term momentum for the currency, especially considering the recent strength in the USD… At any rate, we’d only recommend a trade if we get our tradable deviation. Here is the current forecast: 9:30pm AU CPI q/q Forecast 0.6% […]

U.S. jobless claims edges higher than expected; Philly Fed manufacturing index falls

New applications for U.S. jobless benefits rose slightly more than expected last week, but a drop in the number of Americans on unemployment rolls to a 17-year low suggested the labor market continues to tighten. The labor market’s strength was underscored by other data on Thursday showing manufacturers in the mid-Atlantic region hired more workers this month and increased working hours, even as factory activity slowed from March’s brisk pace…

Oil prices slide more after report shows U.S. crude stockpiles fell less than expected

Oil prices fell on Tuesday, then slid more in post-settlement trade after an industry group reported that U.S. crude stockpiles fell less than expected in the latest week while gasoline stockpiles grew unseasonably. U.S. crude prices were down more than 1 percent at $52.32 a barrel in post-settlement trade after the American Petroleum Institute released its weekly data, indicating that crude stockpiles declined less than analysts had forecast…

UK CPI y/y | April 11, 2017 | Currency Trading

UK CPI y/y release could provide a trading opportunity for the Sterling as recent market is cautious on the future of UK especially with so many issues with Brexit still pending. If we get a surprise release, to the level of our deviation, we should follow the trade plan below. 4:30am NY Time UK CPI […]

U.S. jobless claims dropped 25,000 for week ended April 1, biggest drop in almost two years

New applications for U.S. unemployment benefits recorded their biggest drop in nearly two years last week, pointing to a further tightening in the labor market. Initial claims for state unemployment benefits declined 25,000 to a seasonally adjusted 234,000 for the week ended April 1, the Labor Department said on Thursday. The drop was the largest since the week ending April 25, 2015…

UK to face economic slowdown, stagflation, and company defections to Europe over Brexit

With the clock now ticking on Brexit talks, analysts expected the U.K. would face an economic slowdown, stagflation and corporate defections. Sarah Hewin, chief economist for Europe at Standard Chartered Bank, told CNBC’s “The Rundown” on Thursday that investors’ main concern was the lack of clarity on negotiations and whether there would be an agreement with the European Union by April 2019…

OPEC and non-OPEC oil producers to review pact to extend output cut

A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. An earlier draft of the statement had said the committee “reports high level of conformity and recommends six-month extension”.
But the final version said only that the committee had requested a technical group and for the OPEC Secretariat to “review the oil market conditions and revert … in April, 2017 regarding the extension of the voluntary production adjustments.”…

EU’s economic recovery gained steam during the first quarter of 2017

The eurozone’s economy may have picked up during the first three months of 2017, according to surveys of purchasing managers released Friday, raising expectations that the European Central Bank will consider a moderation of its stimulus measures over the coming year. Data firm IHS Markit said its composite Purchasing Managers Index for the eurozone’s manufacturers and service providers, which is based on a survey of 5,000 companies, rose to 56.7 in March…

Euro Zone manufacturing PMI hits 6-year high in February, boosted by weaker euro

Euro zone manufacturing growth accelerated to a six-year high in February as a weaker euro helped drive strong demand for its exports, with inflationary pressure showing further signs of recovering, a business survey showed. While the upturn in euro zone factory activity was not shared by all major economies, particularly France, prices rose faster across most countries in the region…

Oil pares gains after U.S. crude stockpiles rose 1.5 million barrels

Oil prices pared gains on Wednesday, with U.S. futures turning negative, after crude inventories in the United States rose to a record high. U.S. crude stockpiles rose 1.5 million barrels last week, less than forecast, but touching a record high at 520.2 million barrels after eight straight weekly builds. The consecutive increases have fueled worries that demand growth may not be sufficient to soak up the global oil glut despite a deal by major oil producers to cut output during the first half of the year…

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