by Ntombi Malatsi | Mar 25, 2017 | ECONOMIC NEWS
Economic News To Watch This Week
Highlights: On the 23rd of June 2016 UK made a decision to Vote themselves out of the European Union (E.U). The votes were in 2016 but the official process to leave the EU has not yet started. Last Monday, British Prime Minister Theresa May said she will be triggering Article 50 on the 29th of March. You can follow the countdown HERE. The whole process should take approximately 2 years. No other state has ever left Europen Union before, there is a lot of uncertainty awaiting British people.
Article 50: It is a part of European Union law that sets out the processes by which member states may withdraw from the European Union. This will have a direct impact on GBP. Brexit destroyed many accounts. Stay alert and know the economic factors that move the currencies that you trade. Please help to keep this blog going. If you need to open a live account kindly register with one of the recommended FSB regulated brokers using the links provided Here. For further assistance you can WhatsApp me on: +27 76 966 9392 Or +27 64 510 4132. Below is our economic news to watch this week.
by Ntombi Malatsi | Mar 18, 2017 | ECONOMIC NEWS
Economic news to watch this week
Highlights from the previous week: What a wonderful week we had, a very busy and a productive one. We had a number of high impact economic events. Average earnings in the UK dropped by 0.2% from expected 2.4% to 2.2% while claimant count decreased to -11.3K as opposed to expected 3.2K.
U.S Core CPI held steady at 0.2%. Federal Reserve Bank hiked their rates by 25 basis points from <0.75% to <1.00% ( the most exciting moment for me and my mentees). New Zealand GDP dropped by 0.3% from expected 0.7%. BOJ (Bank of Japan) Policy Rate remained at -0.10%. Swiss National Bank (SNB) also left their Libor Rate unchanged at -0.75%.
Please help to keep this blog going. If you need to open a live account kindly register with one of the recommended FSB regulated brokers using the links provided Here. For further assistance you can WhatsApp me on: +27 76 966 9392 Or +27 64 510 4132. Below are the economic news the economic news to watch this week.
by Ntombi Malatsi | Mar 18, 2017 | ECONOMIC NEWS
What is GDP and why is it so important?
The Gross Domestic Products (GDP) is one leading economic indicator that gauges the overall economic performance of the country. It measures the country’s economic health. The stats are released 60 days after the month ends. What it actually measures is the market value of all financial goods and services produced within the country.
This post is more focused on Canada GDP. Unlike others, Canada releases their GDP on a monthly basis but the quarterly is also released, to sum up the monthly stats. Looking back at the stats since the beginning of 2017, the Canada GDP rose by 0.1% from the expected 0.3% reaching 0.4% (it was later revised and reached 0.5%) and it was released on the 31st of January 2017. In March the 2nd it held steady at 0.3% as expected. Next release is on the 31st of March. Below is the table with Canada GDP dates for the entire 2017. Please help to keep this blog going. If you need to open a live account kindly register with one of the recommended FSB regulated brokers using the links provided Here. For further assistance you can WhatsApp me on: +27 76 966 9392 Or +27 64 510 4132.
by Ntombi Malatsi | Mar 12, 2017 | ECONOMIC NEWS
Economic news to watch this week
Last week was one more confusing Non-Farm Payrolls for many traders. I know a lot of traders who bought U.S Dollar on that positive print and lost money. We (my team and I), on the other hand, knew what to do and we actually sold the greenback. It happens a lot during NFP (the outcome is sometimes very confusing to many). Like I always say that trading the economic news is not a straightforward affair where “above= buy and below =sell”. Learn how to trade Non-Farm Payrolls (NFP) HERE. And also get your 2017 NFP dates HERE.
We have a very busy week ahead and I am looking forward to all the microeconomic events and the trading opportunities. This week’s highlight is the Federal Funds Rate hike ( released 8 times per year) which is expected to rise by 25 basis points. It will be followed by FOMC statement. If you are not sure what is FOMC read and get all 2017 FOMC dates HERE. Please note that U.S Daylight Saving Time Shift took place today. Clocks are now moved forward by 1 hour. The next shift will be on the 5th of November 2017. This means we (South Africa) are back at 6 hours ahead of New York time (notice the local time on our weekly news table below for adjusted times). Please help to keep this blog going. If you need to open a live account kindly register with one of the recommended FSB regulated brokers using the links provided Here. For further assistance you can WhatsApp me on: +27 76 966 9392 Or +27 64 510 4132, I”ll be happy to take you through. Below are the economic news to watch this week.
by Ntombi Malatsi | Mar 4, 2017 | ECONOMIC NEWS
Economic news to watch this week
We will kick off our week on the 6th with the Reserve Bank Of Australia (RBA) having their consensus on where to set their interest rates followed by the RBA rate statement which is more important because it focuses more on the future. On the 8th UK will have their annual budget release which outlines the government’s budget for the year, including expected spending and income levels, borrowing levels, financial objectives, and planned investments. In another breaking news, it was said that Theresa May (UK Prime Minister) is on Brexit article 50 talks again somewhere in two weeks time. It is that time of the month again, the NFP week. Last month the U.S job numbers rose by 57k from the expected 170K when it reached 227K. Earnings dropped by 0.2% from expected 0.3% to 0.1% resulting in a conflict of results.
I know of a number of traders who lost money due to the fact that they only focus on job numbers and they simply overlook the earnings. If you not sure how to trade NFP read the post HERE. For all your upcoming NFP dates get your schedule HERE. Please help to keep this blog going. If you need to open a live account kindly register with one of the recommended FSB regulated brokers using the links provided Here. For further assistance you can WhatsApp me on the following numbers: +27 76 966 9392 or +27 64 510 4132, I”ll be happy to take you through. Below are the economic news to watch this week.
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