Oil prices rebound after Saudi Arabia told OPEC officials it wants extend output cuts for another six months

Crude oil edged back from a five-week high on Tuesday, as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude LCOc1, the international benchmark for oil, was down 45 cents from its previous close at $55.53 per barrel at 1425 GMT. Earlier in the session, Brent had climbed to its highest since March 7 at $56.16…

AU Employment Change | April 12, 2017 | Currency Trading News

The Australian Employment Change release today is highly focused release which gives a glimpse into current Australian economy.  A strong release with full-time employment is obviously positive for the AUD, therefore we’d only take a trade if and when we get to our tradable deviation. 8:30pm (NY Time) AU Employment Change Forecast 20.3K Previous -6.4K […]

US NFP (Nonfarm Payroll) Employment | April 7, 2017 | Currency News

US NFP is expected to be around 176K, and considering the Fed’s rate tightening actions and the possibility for up to 3 more rate hikes this year, a strong consistent job gain is what will keep the USD well supported for the long-term. 8:30am (NY Time) US NF Employment Forecast 176K Previous 235K 8:30am (NY […]

CA Employment Change | April 7, 2017 | News Trading

We´ll be getting the Canadian Employment Change release figure along with the US Nonfarm Payroll Report.  Since 95% of the market is paying attention to the NFP, I’d recommend that we do the same.  If you are planning to trade USDCAD, then make sure there is no conflict and if we are lucky, with both […]

US ADP NFP Employment Change | April 5, 2017 | Currency News

US ADP NFP Employment Change is usually a good representation of Friday’s BLS Nonfarm Payroll Report, but since we have both PMI’s and the ADP ahead of the report, it is important to consider all of them before taking on any longer-term trades… 8:15am NY Time US ADP NFP Change Forecast 191K Previous 298K Deviation: […]

UK Manufacturing PMI | April 3, 2017 | Forex Trading

UK Manufacturing PMI has the potential of changing short-term GBP trend but with Brexit already triggered since last week, market’s reaction will be very important to gauge sentiment. At any rate, if we get our deviation, we should see market react accordingly. 4:30am (NY Time) UK Manufacturing PMI Forecast 55.1 Previous 54.6 DEVIATION: 2.0 (BUY […]

CA GDP m/m | March 31, 2017 | Currency News

CA GDP is expected to move the market in the event of a surprise, considering it’s been a bit of lackluster week as far as high-impact news releases are concerned, market could be looking for a reason to trade… At any rate, we should wait for our minimum deviation to be hit before taking a […]

U.S. existing home sales decline 3.7% in February, fall from 10-year high

U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers.
The National Association of Realtors said on Wednesday existing home sales declined 3.7 percent to a seasonally adjusted annual rate of 5.48 million units last month after hitting a 10-year high in January…

Oil prices slip to near 1-week low despite OPEC output cut extension

Oil prices fell on Tuesday, with U.S. crude dropping to its lowest since November, as concerns about new supplies overshadowed the latest talk by OPEC that it was looking to extend output cuts beyond June. The decline also came ahead of the release of U.S. crude inventory data later Tuesday and on Wednesday that is expected to show a crude stock build of 2.8 million barrels for last week, according to a Reuters poll…

Oil prices slip amid concerns of rise in U.S. supply, drilling

Oil prices slipped on Monday despite news that OPEC was supportive of extending a six-month deal to cut output as investors continue to grapple with worries about growing U.S. oil output and high inventories. Benchmark Brent crude futures briefly surged into positive territory, but edged back down again, after sources within the group said the Organization of the Petroleum Exporting Countries was considering extending production cuts into the second half of 2017…

UK Retail Sales | March 23, 2017 | Currency Trading

UK Retail Sales should be a good release and similar to the CPI release, any surprise should provide plenty of volatility for the market and opportunity for traders. 5:30am (NY Time) UK Retail Sales Forecast 0.4% Previous -0.3% DEVIATION: 0.5% (BUY GBP 0.9% / SELL GBP -0.1%) The Trade Plan The monthly retail sales report […]

NZ RBNZ Interest Rates | March 22, 2017 | Currency News

RBNZ Interest Rates decision today is expected remain unchanged yet again, and as far as potential surprises for today, it is probably next to none; of course, if we do get a surprise, we’ll jump in to the market right away. 4:00pm (NY Time) RBNZ Interest Rates Decision Forecast 1.75% Previous 1.75% DEVIATION: 0.25% (BUY […]

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