Lol, welcome on board. Feel free to ask away. Who knows you might just decide to give it a go one day.
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P
postman
I think your mom would disagree.
I smell risk-off sentiment brewing.
"European firms that cut ties with Iran over new US sanctions which kicked in at Midnight might find themselves subject to sanctions of their own, warned an EU official.*
“If EU companies abide by U.S. secondary sanctions they will, in turn, be sanctioned by the EU," Nathalie Tocci, an aide to the EU’s foreign policy chief Federica Mogherini, told BBC Radio 4 on Monday, according to*NBC News."
The previous outbursts between the EU and Trump have been over tariffs. Today Trump tweeted this:
"Anyone doing business with Iran will NOT be doing business with the United States,"*
This is also inbound
"USTR says US will begin to collect the additional duties of 25% on China imports on Aug 23"
And guess what, China trade data due in the am.
"European firms that cut ties with Iran over new US sanctions which kicked in at Midnight might find themselves subject to sanctions of their own, warned an EU official.*
“If EU companies abide by U.S. secondary sanctions they will, in turn, be sanctioned by the EU," Nathalie Tocci, an aide to the EU’s foreign policy chief Federica Mogherini, told BBC Radio 4 on Monday, according to*NBC News."
The previous outbursts between the EU and Trump have been over tariffs. Today Trump tweeted this:
"Anyone doing business with Iran will NOT be doing business with the United States,"*
This is also inbound
"USTR says US will begin to collect the additional duties of 25% on China imports on Aug 23"
And guess what, China trade data due in the am.
onight RBNZ,
Just catching up on analysis now. Will be watching for anything dovish since there has been a deterioration in the economy and the governor has suggested the next move might be a cut. Their current forecast is for hitting the 2% inflation in Dec 2020. If the statement is more neutral that could add support for the kiwi but I won't be trading that since it won't have legs given the circumstances.
It will be interesting how they are going to spin it with wages starting to increase and inflation showing improvement.
In all liklihood it will be a dud event.
Just catching up on analysis now. Will be watching for anything dovish since there has been a deterioration in the economy and the governor has suggested the next move might be a cut. Their current forecast is for hitting the 2% inflation in Dec 2020. If the statement is more neutral that could add support for the kiwi but I won't be trading that since it won't have legs given the circumstances.
It will be interesting how they are going to spin it with wages starting to increase and inflation showing improvement.
In all liklihood it will be a dud event.
Nothing for jpy tonight. Tomorrow we have China cpi and US ppi of which both could drive sentiment.
Missed all the fun this morning although no news drove the dollar break so I wouldn't have been trading anyway. It has given me a other good level to add to gold.
Today is some tradable news. We have UK Gdp this morning, Canada employment and US cpi. Should be an interesting day. If US cpi is softer this breakout will reverse. Otherwise since there isn't any news driving it I am doubtful about its ability to hold. Makes no difference regardless today has good potential to offer trades..
Today is some tradable news. We have UK Gdp this morning, Canada employment and US cpi. Should be an interesting day. If US cpi is softer this breakout will reverse. Otherwise since there isn't any news driving it I am doubtful about its ability to hold. Makes no difference regardless today has good potential to offer trades..
risk off tone creeping into the market. The tensions on geopolitical have increased and even the ECB have referenced it in a statement. My gold trading has effectively been range trading and re-entry to position myself for risk off that should last several sessions. We have
- Trade ware tensions (escalating)
- Russian sanctions (yesterday and awaiting their response)
- Iran sanctions and the EU's rejection of it coupled with Trump stating no business with anyone supporting them
- Saudi Arabia\Canada tensions
- Nafta
- Brexit
My targets for Gold will be dependent on data and sentiment.
- Trade ware tensions (escalating)
- Russian sanctions (yesterday and awaiting their response)
- Iran sanctions and the EU's rejection of it coupled with Trump stating no business with anyone supporting them
- Saudi Arabia\Canada tensions
- Nafta
- Brexit
My targets for Gold will be dependent on data and sentiment.
i entered a long EURGBP off the back of UK data being soft m\m GDP.
Manufacturing Production m/m was up but only because it was expected to be softer but really is unchanged from prev month.Prelim GDP q/q unchanged. trade balance is better which is expected but business investment did pop but isn't something the BOE is watching. GDP m\m shows growth slowing.
Manufacturing Production m/m was up but only because it was expected to be softer but really is unchanged from prev month.Prelim GDP q/q unchanged. trade balance is better which is expected but business investment did pop but isn't something the BOE is watching. GDP m\m shows growth slowing.