
Economic News 29 May To 02 June
Economic News To Watch This Week
Hello readers. I have written so many blog posts in the past few years of this blog’s existence. Most of these posts were never read or shared as much as my posts are read and shared now. Today I decided to revisit some of these old posts that I think are still relevant even in 2017. Some of these posts were published way before I got followers or even one subscriber on this blog. These posts went unnoticed, they were never read. I get lot’s of questions on a daily basis and most of these questions are covered on the old posts. So in short, this post is all about referring you to my old posts that you might have missed. I really do not know what to call this post, maybe we must call it a reference post, I am not really sure, but anyways, be warned, there’s lot’s of reading ahead.
Back in 2015 I published a post about the stock markets and Forex markets HERE. You can also read about why do most Forex traders fail HERE. I also shared a lot about Forex scams HERE. Read more about day trading for beginners HERE and also over trading to make up for a loss HERE. Sometimes traders refuse to take responsibility for their own actions, I wrote about some of the excuses that Forex traders make HERE. To know about the importance of patience, read this post HERE. If you are struggling with your emotions, read this post HERE. You want to know the best time to trade, read HERE. The truth about Forex trading, read HERE. About copycat trading, read HERE. You are not sure if you should use a paid Forex signals, read this post HERE. Find out about your own trading personality HERE. You are going through a draw down, you are not sure what is a draw down, read HERE. There are also FAQ’s HERE. About how much trading capital you can start with, read HERE. To set up your own monthly, weekly and daily targets, you can try this table HERE. Read more about success rate in Forex trading HERE. Is it even possible to trade for a monthly income? Find out HERE. You want to make the learning easier for yourself, read HERE. Learn how to manage your Forex trading progress HERE. How does your ego affect your trading? Read this post HERE. Also read more about conditions that may affect your trading HERE. While we are still at it, learn how to trade U.S Non-Farm Payroll HERE since the next release is on the 2nd of June.
There is absolutely nothing new today. I just thought I should refer new subscribers and those who just stumbled upon this blog today to my old blog posts that they might have missed. Thank you for stopping by. Have a great trading week ahead.
Welcome back to the weekly economic news update. I hope you all had a wonderful and a great mothers day. Later today at 3pm NY time, British Prime Minister Theresa May is due to participate in Facebook’s Live Q&A hosted by ITV News, via satellite, do watch out for GBP pairs. 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 weekly economic calendar.
Highlights from the previous week: The week opened with most banks closed in observance of Labor day. It was such a busy week in the markets in terms of economic news flow. New Zealand Employment Change rose to 1.2% from expected 0.8% while their Unemployment Rate decreased from expected 5.1% to 4.9%. UK Construction PMI rose to 53.1 from expected 52.1. U.S ADP Non-Farm Employment Change was slightly changed to 177k from expected 178k. UK Services PMI also rose from expected 54.6 to 55.8. Canada Unemployment Rate decreased by 0.2% from expected 6.7% reaching 6.5%. U.S Non-Farm Payrolls rose by 17K from expected 194K reaching 211K. Average Hourly Earnings which measures the price businesses pay for labor on an hourly basis held steady at 0.3%. U.S Unemployment rate decreased by o.4% from expected 4.6% to 4.4%. Despite all the positive prints on the U.S Dollar, the greenback did not move as expected. The markets seemed to be more focused on other things than Job numbers and Janet Yellen had her speech later in the day on Friday.
At the time of this publication, French people are on the polls deciding on their 25th presidential elections. Looking forward to a very interesting week, filled with trading opportunities. Will it be Macron or Le Pen? Only a few hours will tell. G7 meetings will take place on Friday. G7 meetings are all about Finance Ministers and Central Bankers talking to the reporters and later releasing a statement covering policy shifts and meeting objectives (more like a press conference) the whole day. G7 consists of the following industrialized nations: Canada, Italy, France, Germany, Japan, the UK, and the US. Extreme volatility is expected from both the comments and the statement.
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 weekly economic calendar.
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