Press review - page 731

 

U.S. Commercial Crude Oil Inventories news event: intra-day correction to the bearish breakdown; daily ranging waiting for direction

2024-10-24 14:30 GMT | [USD - Crude Oil Inventories]

  • past data is -2.2M
  • forecast data is -2.2M
  • actual data is 5.5M 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.

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"U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.5 million barrels from the previous week."

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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


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Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:

All about BrainTrading system for MT5:

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
The Energy Information Administration's (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of barrels of commercial crude oil held by US companies. It is one of the
 

Intra-Day Fundamentals - EUR/USD, USD/CNH and GOLD (XAU/USD): United States Nonfarm Payrolls

2024-11-01 12:30 GMT | [USD - Non-Farm Employment Change]

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.

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From official report :

"Total nonfarm payroll employment was essentially unchanged in October (+12,000), and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in health care and government. Temporary help services lost jobs. Employment declined in manufacturing due to strike activity."

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

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

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


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

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


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

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The chart was made on MT5 with the following indicator from CodeBase:

Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events
Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events
  • www.mql5.com
Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events. 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.
 

NZD/USD Intra-Day Fundamentals: RBNZ Official Cash Rate, RBNZ Monetary Policy Statement and range price movement  

2024-11-27 01:00 GMT | [NZD - Official Cash Rate]

  • past data is 4.75%
  • forecast data is 4.25%
  • actual data is 4.25% according to the latest press release

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

[NZD - Official Cash Rate] = Interest rate at which banks lend balances held at the RBNZ to other banks overnight.

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From official report :

"The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 50 basis points to 4.25 percent. Economic growth is expected to recover during 2025, as lower interest rates encourage investment and other spending. Employment growth is expected to remain weak until mid-2025 and, for some, financial stress will take time to ease."

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NZD/USD: range price movement by RBNZ  Official Cash Rate news event 

NZD/USD: range price movement by RBNZ  Official Cash Rate news event

============

Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:

All about BrainTrading system for MT5:

Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events
Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events
  • www.mql5.com
Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events. 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.
 

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

2024-12-05 13:30 GMT | [CAD - Trade Balance]

  • past data is -1.300B
  • forecast data is 0.088B
  • actual data is -0.924B according to the latest press release

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

[CAD - Trade Balance] = Difference in value between imported and exported goods during the reported month.

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From official report :

"In October, Canada's merchandise exports increased 1.1% and imports rose 0.5%. As a result, Canada's merchandise trade deficit with the world narrowed from $1.3 billion in September to $924 million in October."

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USD/CAD: range price movement by Canada Trade Balance news event 

USD/CAD: range price movement by Canada Trade Balance news event

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Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:

All about BrainTrading system for MT5:

Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events
Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events
  • www.mql5.com
Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events. 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, USD/JPY and Dollar Index (DXY): United States Nonfarm Payrolls

2024-12-06 13:30 GMT | [USD - Non-Farm Employment Change]

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 227,000 in November, and the unemployment rate changed little at 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in health care, leisure and hospitality, government, and social assistance. Retail trade lost jobs.

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

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

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


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

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Dollar Index: range price movement by Nonfarm Payrolls news events


Dollar Index: range price movement by Nonfarm Payrolls news events

==========

The chart was made on MT5 with the following indicator from CodeBase:

Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events
Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events
  • www.mql5.com
Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events. 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.
 

USD/CAD Intra-Day FundamentalsCanada Overnight Rate and BoC Rate Statement

2024-12-11 14:45 GMT | [CAD - BoC Overnight Rate]

  • past data is 3.75%
  • forecast data is 3.25%
  • actual data is 3.25% according to the latest press release

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

[CAD - BoC Overnight Rate] = Interest rate at which major financial institutions borrow and lend overnight funds between themselves.

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From official report :

"The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. The Bank is continuing its policy of balance sheet normalization."

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USD/CAD: range price movement by BoC Overnight Rate news event 

USD/CAD: range price movement by BoC Overnight Rate news event

==========

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
 

EUR/USD Intra-Day Fundamentals: ECB Interest Rates, Monetary Policy Statement and range price movement 

2024-12-12 13:15 GMT | [EUR - Main Refinancing Rate]

  • past data is 3.40%
  • forecast data is 3.15%
  • actual data is 3.15%  according to the latest press release 
if actual > forecast (or previous value) = good for currency (for EUR in our case)

[EUR - Main Refinancing Rate] = Interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system.

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From official report :

The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the monetary policy stance – is based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission.

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EUR/USD: range price movement by ECB  Interest Rates news event

EUR/USD: range price movement by ECB  Interest Rates news event

==========

Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase: 

All about BrainTrading system for MT5:

Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events
Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events
  • www.mql5.com
Economic Calendar – forex calendar with real-time forex news and reports, schedule of forthcoming world economy events. 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: intra-day bullish breakout; daily bearish ranging; 73 resistance is the key

2024-12-18 15:30 GMT | [USD - Crude Oil Inventories]

  • past data is -1.4M
  • forecast data is -0.5M
  • actual data is -0.9M 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 0.9 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

==========

Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:

All about BrainTrading system for MT5: