2019 T2 W1

Market Movers Chinese Manufacturing PMI – 31st May Why is the Chinese Manufacturing PMI important? The Chinese Manufacturing PMI is a leading indicator of China’s economic health. The purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy. Above 50.0 indicates industry expansion, while below 50.0 means contraction. … Read more

2019 T1 W10

WHAT MOVED THE MARKET Australian Inflation Data 24th April Why is the Aussie Inflation Data important? The Australian CPI (Consumer Price Index) Data is important as it provides the central bank with key information about the state of the economy. This indicator is also a vital future guidance for investors to gauge whether the RBA … Read more

2019 T1 W9

WHAT MOVED THE MARKET RBA Meeting Minutes 15th April What is the RBA Meeting Minutes and why is this report important? The Meeting Minutes is a detailed record of the RBA Board’s most recent meeting, providing in-depth insights into the economic condition that influenced Board members’ decision to either maintain, cut, or hike interest rates. … Read more

2019 T1 W8

WHAT MOVED THE MARKET US JOLTs Job Openings (Feb) What is the US JOLTs Job Openings? US Jolts Job Openings is a survey completed by the US Bureau of Labor Statistics to help measure job vacancies. Data is collected from employers about their businesses’ employment, openings, recruitment, etc. JOLTS is defined as Job Openings that … Read more

2019 T1 W7

WHAT MOVED THE MARKET RBA Interest Rate Decision What is the RBA Interest Rate Decision? The Reserve Bank of Australia decides the interest rate for Australia. Interest rates may affect the valuation of a currency; hence it is monitored carefully. Interest rates provide traders an idea on how the country is going. Why is it … Read more

2019 T1 W6

MARKET MOVERS RBNZ Interest Rate Decision What is the RBNZ Interest Rate Decision? The Reserve Bank of New Zealand (RBNZ) decides the interest rate in New Zealand. Traders watch interest rate changes closely as short term interest rates are one of the primary factors in currency valuation. Why is it important? In general, higher interest … Read more

2019 T1 W5

Market Movers Federal Open Market Committee What is the FOMC? The Federal Open Market Committee is the US regulatory body charged with overseeing the country’s open market operations and the setting of monetary policy. Its public statements providing information regarding economic policies, outlooks and the US Federal Reserve’s decision on interest rates changes, significantly affect … Read more

2019 T1 W4

Technical Analysis AUD/NZD This past week, AUDNZD, has been going on a rally starting from 1.03053. However it hit major resistance at 1.03600, which was also shown from 8th to the 11th March where breakout attempts failed causing long wicks from low buying pressure. Since then a descending triangle has been formed, which constantly tested … Read more

2019 T1 W3

Fundamental Analysis FARM PAYROLL What is the Nonfarm Payroll? Reported on the first Friday of each month, Nonfarm Payroll refers to any job excluding farm work, government agencies, non-profit organisations and self-employment in the US. The most important statistic reported from the Nonfarm Payroll is the number of additional jobs added from the previous month, which … Read more

2019 T1 W2

Technical Analysis USD/CAD Looking at the weekly chart (Figure 2), USD/CAD continues to respect the channel support and resistance lines. We also have a bullish engulfing candlestick pattern after the week’s close, and the Stochastic seems to be forming a bullish crossover. The MACD still remains in bullish territory and if the market continues to … Read more