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Some announcements that may impact the markets this week
Big news for this week!
Below are some announcements that may
impact the markets this week:
GMT
|
|
|
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Sunday, June 08
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23:50
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JPY Gross Domestic
Product
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|
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Monday, June 09
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05:00
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EUR
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Consumer Confidence
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Tuesday, June 10
|
||
01:30
|
CNY
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Consumer Price Index
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01:30
|
AUD
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Investment Lending for Homes
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08:30
|
GBP
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Industrial Production
|
09:00
|
EUR
|
Italy Gross Domestic Product
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14:00
|
GBP
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NIESR GDP Estimate
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Wednesday, June 11
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||
08:30
|
GDP
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Unemployment Rate
|
21:00
|
NZD
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RBNZ Interest Rate Decision
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Thursday, June 12
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||
01:30
|
AUD
|
Unemployment Rate
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06:45
|
EUR
|
French Consumer Price Index
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09:00
|
EUR
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Industrial Production
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12:30
|
USA
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Initial Jobless Claims
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Friday, June 13
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03:00
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JPY
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BoJ Interest Rate Decision
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06:00
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EUR
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Consumer Price Index
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09:00
|
EUR
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Employment Change
|
12:30
|
USD
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Producer Price Index
|
13:55
|
USD
|
Consumer Sentiment
|
Market News
The ECB made its move yesterday by cutting
deposit rates to below zero, with the main refi rate being lowered to 10 basis
points. The EUR immediately suffered but
bounced back, even though the news has a negative bias to it. Today, it could not hold on to all of its
gains from yesterday and we suspect that that there will be a tendency to slip
further in the short term.
The BoE kept rates on hold and while the Euro
decision was being announced EURGBP was sold off aggressively, but again
rebounded.
USD/JPY was quiet in Tokyo this week with
trend and momentum indicators pointing upwards and should end as an up week.
The GDP figures on Monday are ones to watch if you are trading JPY crosses,
with soft expectations for the numbers.
.
HIROSE News
The Binary competition will be
closing shortly. So far the scores
remain tight between the top 4 positions:
The winner will be announced shortly.
Well done to all those traders
getting consecutive trades correct!
Remember, 5 or more will get you a CASH BONUS!
If
you didn't get a chance to trade in the competition this time, we hope to bring
you some more great events.
Binary Trading Startegies
Following
on from last week when we talked about trading in volatile periods (e.g. when
news events come out) I want to say a little about trend prediction.
There
are many indicators to determine a trend.
In the above graph I have used a Moving Average (MA) and a Parabolic SAR. When a short term MA crosses the long term MA
and 1 or 2 SAR points are plotted you could say that a trend has been
formed. Clearly this is very simplistic,
but if you HAVE got the trend correct you can then trade High or Low with some
conviction.
It's
always good to try out your strategies on the demo platform.
Happy
trading!
