US FOMC Interest Rate | May 3, 2017 | Currency Trading

US FOMC Interest Rate decision and the BLS Nonfarm Payroll reports are focuses for the week.  With the Fed unlikely to hike again this time, if we get a somewhat hawkish tone today, or even praises on the labor condition, rest assure market will blow it out of proportions and push USD higher… 2:00pm US […]

US ISM Non-Manufacturing PMI | May 3, 2017 | Forex Trading

US ISM Non-Manufacturing PMI is the last significant tradable release on jobs and economy before Friday’s NFP, and considering the majority labor force is Non-Manufacturing based, a strong/weak reading today will surely impact the market’s expectation. 10:00am NY Time US ISM Non-Manufacturing. PMI Forecast 56.1 Previous 56.2 Deviation: 2.5 (BUY USD 58.6 / SELL USD 53.6) […]

US ADP NFP Employment Change | May 3, 2017 | Currency News

US ADP NFP Employment Change usually is correlated with BLS’s Nonfarm Payroll Report, and as such, many analysts use this release to gauge their own analysis in an effort to predict the figures on Friday.  Obviously if we get a strong surprise, we should see plenty of market reactions. 8:15am NY Time US ADP NFP […]

UK Manufacturing PMI | May 2, 2017 | Forex Trading

UK Manufacturing PMI has the potential of changing short-term GBP trend especially considering the recent focus on Britain’s economy and jobs due to Brexit.  Any sharp surprises today could have a longer impact on the overall sentiment of the Sterling. 4:30am (NY Time) UK Manufacturing PMI Forecast 54.0 Previous 54.2 DEVIATION: 2.0 (BUY GBP 56.0 / […]

US Advanced GDP (Q1) | April 28, 2017 | Currency News Trading

Because this is the first quarterly release for the 1st quarter of 2017, we are likely to see huge market reactions today, especially if we get at least 0.2% of deviation.  Considering the first few months of Trump’s administration, any surprises today should end up pushing the market in that direction, especially counting on numerous […]

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 […]

EU ECB Interest Rate | April 27, 2017 | Forex News Trading

ECB Interest Rate is done in 2 parts, first with the rate decision at 7:45am then followed with a press conference at 8:30am.  Market is not expecting any changes today but with recent positive comments and pro-active attitudes from ECB members, I would expect a positive boost on the EUR if I were to take […]

CA Core Retail Sales | April 26, 2017 | Currency Trading

CA Core Retail Sales is going to provide the market with some direction on the CAD.  With crude prices continuing under pressure due to supply cuts, any strong reading today could be short-lived, thus my recommendation is to get in and out if our deviation is hit. 8:30am CA Core Retail Sales Forecast -0.3% Previous […]

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% […]

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…

OPEC members’ supply cut exceeded pledge in March

OPEC states cut oil output in March by more than they pledged under supply curbs, according to figures the exporter group uses to monitor its supply, extending a record of higher-than-expected adherence to its first production cut in eight years. The Organization of the Petroleum Exporting Countries agreed to cut output by about 1.2 million barrels per day (bpd) for six months from Jan. 1 to prop up prices and reduce a glut. Russia and 10 other non-OPEC states agreed to cut half as much…

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