Press review - page 678

New comment
 

USD/CAD Intra-Day Fundamentals: Canada GDP and range price movement 

2020-06-30 13:30 GMT | [CAD - GDP]

  • past data is -7.5%
  • forecast data is -12.5%
  • actual data is -11.6% according to the latest press release

if actual > forecast (or previous good for currency (for CAD in our case)

[CAD - GDP] = Change in the inflation-adjusted value of all goods and services produced by the economy.

==========

From official report :

  • "Real gross domestic product (GDP) dropped 11.6% in April, following a 7.5% decline in March. April marked the first full month of measures put in place to slow the spread of COVID-19. All 20 industrial sectors of the Canadian economy were down, producing the largest monthly decline since the series started in 1961. The economy was 18.2% below its February level, the month before the COVID-19 measures began."

==========

USD/CAD: range price movement by Canada GDP news event 

USD/CAD: range price movement by Canada GDP news event

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
  • www.mql5.com
Economic calendar includes most important economic indicators and events from ministries and agencies of different countries. The Calendar is useful for traders in the forex market, stock exchanges and other financial markets.
 

U.S. Commercial Crude Oil Inventories news event: daily bullish ranging waiting for direction of the strong trend to be started

2020-07-01 15:30 GMT | [USD - Crude Oil Inventories]

  • past data is 1.4M
  • forecast data is -0.9M
  • actual data is -7.2M according to the latest press release

[USD - Crude Oil Inventories] = Change in the number of barrels of crude oil held in inventory by commercial firms during the past week.

==========

"U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.2 million barrels from the previous week."

==========

Crude Oil: range price movement by  U.S. Commercial Crude Oil Inventories news events 

Crude Oil: range price movement by U.S. Commercial Crude Oil Inventories news events

==========

Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

==========

The forum threads
  1. Key forum thread - Fast Fourier Transform - Cycle Extraction - the thead with FFTfiltr indicator and explanation
  2. New EA based on the !xMeter (!xMter based on Fast Fourier Transform) - the thread 
  3. Many FFT indicators with examples and explanations - the thread 
  4. Ticks Before The News - the thread with many FFT indicators and explanation how to trade

CodeBase

  1. dt_FFT - library for MetaTrader  
  2. LGLIB - Numerical Analysis Library - library for MetaTrader 4 
  3. ALGLIB - Numerical Analysis Library - library for MetaTrader 5 
  4. AFIRMA - indicator for MetaTrader 5
  5. Fourier extrapolation of price - indicator for MetaTrader 5

The articles

EIA Crude Oil Stocks Change - economic indicator from the United States
EIA Crude Oil Stocks Change - economic indicator from the United States
  • www.mql5.com
EIA Crude Oil Stocks Change is included in the weekly report issued by the Energy Information Administration of the US Department of Energy. It presents the number of barrels of commercial crude oil held by US companies. EIA includes this report into Weekly Petroleum Status Report (WPSR) along with other information on supplies, stocks and...
 

Intra-Day Fundamentals - USD/JPY, USD/CNH and GOLD (XAU/USD): ADP Non-Farm Employment Change (ADP) and range price movement 

2020-07-01 13:15 GMT | [USD - ADP Non-Farm Employment Change]

  • past data is 3065K
  • forecast data is 2850K
  • actual data is 2369K according to the latest press release 
if actual > forecast (or previous value) = good for currency (for USD in our case)

[USD - ADP Non-Farm Employment Change] = Estimated change in the number of employed people during the previous month, excluding the farming industry and government.

==========

From official report :

  • "Private-sector employment increased by 2,369,000 from May to June, on a seasonally adjusted basis."

==========

USD/JPY: range price movement by ADP Non-Farm Employment Change news event


==========

USD/CNH: range price movement by ADP Non-Farm Employment Change news event

USD/CNH: range price movement by ADP Non-Farm Employment Change news event

==========

GOLD (XAU/USD): range price movement by ADP Non-Farm Employment Change news event


==========

Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

==========

Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After 

  1. The main AscTrend thread is this one.
  2. Asctrend indicator in depth 
  3. ASCTREND SYSTEM summary (good EAs included) 
  4. Brainwashing system/AscTrend system (MT5) - the thread
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
  • www.mql5.com
Economic calendar includes most important economic indicators and events from ministries and agencies of different countries. The Calendar is useful for traders in the forex market, stock exchanges and other financial markets.
 

Intra-Day Fundamentals - GBP/USD, NZD/USD and Dollar Index (DXY): United States Nonfarm Payrolls

2020-07-02 13:30 GMT | [USD - Non-Farm Employment Change]

  • past data is 2699K
  • forecast data is 3037K
  • actual data is 4800K according to the latest press release

if actual > forecast (or previous value) = good for currency (for USD in our case)

[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry.

==========

From official report :

  • "Total nonfarm payroll employment rose by 4.8 million in June, and the unemployment rate declined to 11.1 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts to contain it. In June, employment in leisure and hospitality rose sharply. Notable job gains also occurred in retail trade, education and health services, other services, manufacturing, and professional and business services."

==========

GBP/USD: range price movement by Nonfarm Payrolls news events

GBP/USD: range price movement by Nonfarm Payrolls news events

==========

NZD/USD: range price movement by Nonfarm Payrolls news events

NZD/USD: range price movement by Nonfarm Payrolls news events

==========

Dollar Index (DXY): range price movement by Nonfarm Payrolls news events

Dollar Index (DXY): range price movement by Nonfarm Payrolls news events

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread
  4. Brainwashing: system development (MT4) - the thread
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
  • www.mql5.com
Economic calendar includes most important economic indicators and events from ministries and agencies of different countries. The Calendar is useful for traders in the forex market, stock exchanges and other financial markets.
 

Dow Jones Industrial Average - ranging near and below 200 SMA to be ready for the daily bullish reversal(based on the article)

Dow Jones Industrial Average chart by Metatrader 5

Dow Jones Industrial Average chart by Metatrader 5

  • "The Dow Jones Industrial Average was up 0.4%, over 100 points, on Thursday, while the S&P 500 rose 0.4% and the tech-heavy Nasdaq Composite gained 0.5%."
  • "Stocks jumped after a bigger-than-expected increase in jobs last month: The Labor Department reported that 4.8 million jobs were added in June—more than the 2.9 million expected."
  • "The unemployment rate fell to 11.1%, down from 13.3% in May. The jobs data for June was collected in the middle of the month, however, before a spike in new coronavirus cases cropped up across the South and West."

==========

The chart was made on MT5 with standard indicators of Metatrader 5 together with following indicators:

Dow Rises 100 Points After U.S. Economy Adds 4.8 Million Jobs In June
Dow Rises 100 Points After U.S. Economy Adds 4.8 Million Jobs In June
  • 2020.07.02
  • Sergei Klebnikov
  • www.forbes.com
The market moved higher on Thursday, despite a continued spike in new coronavirus cases across much of the country, as stocks were boosted by a bigger-than-expected jobs increase last month. KEY FACTS The Dow Jones Industrial Average was up 0.4%, over 100 points, on Thursday, while the S&P 500 rose 0.4% and the tech-heavy Nasdaq Composite...
 

EUR/USD - daily bullish ranging; 1.1422 is the key (based on the article)

EUR/USD daily chart by Metatrader 5

  • "The European Council President is expected to propose a more modest EU budget this week. The Council is hoping EU leaders will agree to it at a summit later this month but wrangling over how best to help the weaker members of the blocrecover from the Covid-19 pandemic will likely continue. Unless the EU governments can sort out their disagreements soon, a drop is likely in EUR/USD in this year’s third quarter."

==========

The chart was made on MT5 with standard indicators of Metatrader 5 together with following indicators:

Euro Forecast: Outlook for EUR/USD Negative Longer Term
Euro Forecast: Outlook for EUR/USD Negative Longer Term
  • Martin Essex, MSTA
  • www.dailyfx.com
The Council is hoping that EU leaders will agree a deal at a summit later this month but wrangling over whether the recovery fund should consist primarily of loans or grants will likely...
 

XAU/USD - bullish ranging within 1747/1789 support/resistance levels waiting for direction (based on  the article)

XAU/USD daily chart by Metatrader 5

  • "Anti-fiat hedges like gold may surrender in the third quarter if a second wave of the coronavirus hits the global economy and dampens future inflation prospects. Demand for haven-linked assets like the US Dollar may amplify XAU/USD’s losses as traders re-allocate capital from relatively illiquid commodities to more frequently-traded currencies like the Greenback. Rising unemployment numbers and uncertainty embedded in labor statistics could also magnify the appeal of holding haven-linked assets. The prospect of another lockdown in numerous localities around the United States could further dampen price growth and erode the appeal of gold. Fed Chairman Jerome Powell warned that the road to recovery will be arduous and “long”. Furthermore, financial fragility in the corporate debt sector could also hurt gold prices if the market for leveraged loans and other credit derivatives undermine interbank stability. The dramatic widening of spreads on credit default swaps (CDS) for sub-investment grade corporate debt during the global selloff in equity markets in March saw gold prices crater with risk-oriented assets."

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Gold Price Chart: XAU/USD Approaching Range Highs– Battle Lines Drawn
Gold Price Chart: XAU/USD Approaching Range Highs– Battle Lines Drawn
  • Michael Boutros
  • www.dailyfx.com
The focus remains on a break of the broader multi-week consolidation range with price now approaching the upper bounds of the formation. From a trading standpoint, look to raise protective stops on a move into with a breach / close above needed to keep the...
 

GBP/USD Intra-Day Fundamentals: UK Construction PMI and range price movement  

2020-07-06 11:30 GMT | [GBP - Construction PMI]

  • past data is 28.9
  • forecast data is 46.0
  • actual data is 55.3 according to the latest press release

if actual > forecast (or previous value) = good for currency (for GBP in our case)

[GBP - Construction PMI] = Level of a diffusion index based on surveyed purchasing managers in the construction industry.

==========

From official report :

  • "June data pointed to a sharp turnaround in the performance of the UK construction sector as the phased restart of work on site helped to lift output volumes and boost business confidence. At the same time, new orders stabilised after three months of sharp declines and purchasing activity expanded at the fastest rate since December 2015. The headline seasonally adjusted IHS Markit/CIPS UK Construction Total Activity Index jumped to 55.3 in June, from 28.9 in May, to signal a strong increase in total construction output. Moreover, the latest reading signalled the steepest pace of expansion since July 2018. Higher levels of business activity were overwhelmingly linked to the reopening of the UK construction supply chain following stoppages and business closures during the early stages of the coronavirus disease 2019 (COVID-19) pandemic."

==========

GBP/USD: range price movement by UK Construction PMI news event 

GBP/USD: range price movement by UK Construction PMI news event

==========

The chart was made on MT5 with standard indicators of Metatrader 5 together with following indicators:

Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
  • www.mql5.com
Economic calendar includes most important economic indicators and events from ministries and agencies of different countries. The Calendar is useful for traders in the forex market, stock exchanges and other financial markets.
 

AUD/USD Intra-Day Fundamentals: RBA Cash Rate, Rate Statement and range price movement 

2020-07-07 05:30 GMT | [AUD - Cash Rate]

  • past data is 0.25%
  • forecast data is 0.25%
  • actual data is 0.25% according to the latest press release

if actual > forecast (or previous value) = good for currency (for AUD in our case)

[AUD - Cash Rate] = Interest rate charged on overnight loans between financial intermediaries.

==========

From official report :

  • "At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points."
  • "The global economy has experienced a severe downturn as countries seek to contain the coronavirus. Many people have lost their jobs and there has been a sharp rise in unemployment. Leading indicators have generally picked up recently, suggesting the worst of the global economic contraction has now passed. Despite this, the outlook remains uncertain and the recovery is expected to be bumpy and will depend upon containment of the coronavirus. Over the past month, infection rates have declined in many countries, but they are still very high and rising in others."
  • "Globally, conditions in financial markets have improved. Volatility has declined and there have been large raisings of both debt and equity. The prices of many assets have risen substantially despite the high level of uncertainty about the economic outlook. Bond yields remain at historically low levels."

==========

AUD/USD: range price movement by RBA Cash Rate news event 

AUD/USD: range price movement by RBA Cash Rate news event

AUD/USD: range price movement by RBA Cash Rate news event

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:


Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
  • www.mql5.com
Economic calendar includes most important economic indicators and events from ministries and agencies of different countries. The Calendar is useful for traders in the forex market, stock exchanges and other financial markets.
 

U.S. Commercial Crude Oil Inventories news event: daily bullish ranging: 43.70 is the key resistance for the bullish trend to be continuing

2020-07-08 15:30 GMT | [USD - Crude Oil Inventories]

  • past data is -7.2M
  • forecast data is -3.2M
  • actual data is 5.7M according to the latest press release

[USD - Crude Oil Inventories] = Change in the number of barrels of crude oil held in inventory by commercial firms during the past week.

==========

"U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.7 million barrels from the previous week."

==========

Crude Oil: range price movement by  U.S. Commercial Crude Oil Inventories news events 

Crude Oil: range price movement by U.S. Commercial Crude Oil Inventories news events

==========

Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

==========

The forum threads
  1. Key forum thread - Fast Fourier Transform - Cycle Extraction - the thead with FFTfiltr indicator and explanation
  2. New EA based on the !xMeter (!xMter based on Fast Fourier Transform) - the thread 
  3. Many FFT indicators with examples and explanations - the thread 
  4. Ticks Before The News - the thread with many FFT indicators and explanation how to trade

CodeBase

  1. dt_FFT - library for MetaTrader  
  2. LGLIB - Numerical Analysis Library - library for MetaTrader 4 
  3. ALGLIB - Numerical Analysis Library - library for MetaTrader 5 
  4. AFIRMA - indicator for MetaTrader 5
  5. Fourier extrapolation of price - indicator for MetaTrader 5

The articles

EIA Crude Oil Stocks Change - economic indicator from the United States
EIA Crude Oil Stocks Change - economic indicator from the United States
  • www.mql5.com
EIA Crude Oil Stocks Change is included in the weekly report issued by the Energy Information Administration of the US Department of Energy. It presents the number of barrels of commercial crude oil held by US companies. EIA includes this report into Weekly Petroleum Status Report (WPSR) along with other information on supplies, stocks and...
1...671672673674675676677678679680681682683684685...731
New comment