Friday 23-06-2017 Lookback
June 23, 2017 8:28 amVideo
Latest News
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- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- USD/JPY in crisis April 18, 2024
- EUR/USD: trading plan for US session on April 18. EUR gets stuck at 1.0686 April 18, 2024
- Fed to keep policy tight for longer than markets view April 18, 2024
- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to examine a successful trade you could have made this week.
There was little impact on the Aussie following the release of the minutes from the Reserve Bank of Australia. The minutes showed very little change from previous comments where officials expressed moderate optimism on the overall health of the Australian economy. With interest rates at record lows at 1.5% for almost a year, there is no sign of any changes likely to take place over the next few months.
The European Central Bank’s policy meeting gave no surprises to the markets as the common economic community continued their loosened monetary policy. We saw modest support for the price of the euro coming from better than expected data on June’s consumer confidence for the Eurozone. The inflation figures came in at -1, compared to the expected figure of -3.
The New Zealand dollar gained positions on Wednesday after the RBNZ confirmed positive forecasts on economic growth. The key interest rate was left unchanged at the 1.75% level. Confidence from the RBNZ in the future of the national economy cheered the kiwi bulls. The rebound in commodities gave further support to the NZD/USD.
Last week’s jobless claims in the US saw 241,000 applying for the unemployment benefit. The figure went slightly above expectations of 240,000 and the previous week’s figure was also revised up 1,000 to 238,000. Continuing jobless claims now sits at 1.944 million, outstripping the expected 1.928 million. This and other weak growth data may forestall the Fed’s hand for another interest rate hike this year.
If you had bought the NZD/USD with a $500 margin at the price of 0.71963 and closed the deal after the RBNZ interest rate decision on Wednesday which saw the NZD gain 1.1%, you might have more than doubled your investment with a tidy $1,156 profit. Note this example does not take into account spread.
https://www.fxstreet.com/economic-calendar
http://www.rbnz.govt.nz/monetary-policy/official-cash-rate-decisions
https://www.rba.gov.au/monetary-policy/rba-board-minutes/
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Source: Easy Forex Forex.Info
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