Economic News 07 To 11 January 2019
Economic news to watch this week
Bank Of Canada Interest Rates 2019 Dates
What is Bank of Canada?
Bank Of Canada (BOC) is the Central Bank in Canada.
Central bank is a national bank that provides financial and banking services for its country’s government and commercial banking system.
What is the role and function of a Central Bank?
- To set official bank rates used to manage inflation and exchange rates
- To issue a country’s currency
- To set targets and monitor economic data while they implement special tools.
Bank Of Canada is expected to hike their Interest Rates by 25 Basis Points from the current 1.75%. The last time they hiked their Interest Rates was on the 24th of October 2018. Bank Of Canada’s Interest Rates meetings are scheduled 8 times a year. The first one of 2019 is on the 9th of January.
I do better in my trading when I am more organized. Knowing when the important economic data is released, helps me a lot with planning ahead (I hate randomness). I will be publishing all significant economic data releases like Non Farm Payrolls, GDP,Retail Sales, Interest Rates etc, and their dates. I have started with Non Farm Payrolls, you can check the annual schedule HERE. Below is the annual schedule for Bank Of Canada’s Interest Rates meetings.
Non Farm Payrolls 2019 Dates
Non Farm Payrolls 2019 Dates
Hello readers, welcome back. It’s a new year, new vision & improved discipline (hopefully so) for some traders who closed their trading books on a negative in 2018 because of a lack of self control. The good thing is, 2019 is giving you another chance to do better, you can always do better as long as you are willing.
What is Non Farm Payrolls?
Non-Farm Payrolls also known as U.S Employment change/NFP is one of the leading indicators in the Forex market. NFP focuses on the number of jobs that are created or lost in the current month, and that excludes farm/agricultural workers hence the name Non-Farm Payrolls. We (traders) look for that small change or shift in the figure released as compared to the previous month. Because NFP is released every first Friday of each month, there are previous and also forecast/expected figures. When the figure comes out above forecast, it means more jobs were created (excluding farm workers) and the market perceives that as good for currency involved (USD), and when it comes out below forecast, the opposite is perceived. There are other factors to be considered during NFP, it is not just about the figures. NFP is the most watched economic event of the month. During this period, the market becomes too volatile. NFP is also a leading indicator in determining the U.S economic growth and inflation
We are kick starting our year with U.S Non Farm Payrolls stats which will be released on the 4th of January. I am still trying to gear up for a new year. I hope I will feel less festive after this first publication, I am still a bit hung up on the holidays. I am re-opening on the 15th of January for private lessons & mentorship, see detailed information and enrollment information HERE. Below is the annual schedule for Non Farm Payrolls.
Thank You For Sticking Around In 2018
Gratitude Goes A Long Way
Hello readers, hello subscribers. I can’t believe I’m writing my last blog post of the year. I have said this before that anyone who blogs does it for the readers. The aim of blogging is to share information with those who might need it. If I was blogging for myself, I would have posted all these blog posts on my wall or under my mattress *smiles* (not the FB wall but the actual wall at home in my bedroom where access is limited)
I decided to write this post to extend my gratitude. Thank you for hanging out on this blog. Thank you for giving me a chance to share my past mistakes with you. I have tried to keep the content on this blog as practical as possible. Most of the tips that I shared are not from researched information but are from my own experiences.
I know the tips have assisted a lot of people and most people have since changed how they view Forex trading. I have also tried to answer the frequently asked questions like how much trading Capital one can start with. I have shared tips on how to trade for a monthly income. I also get a lot of questions about whether it is a good idea to quit your job to trade Forex, I have shared some insights on this topic as well, you can check this post HERE. Some people just wanted to know if Forex trading is legal in South Africa.
I haven’t posted much lately. If you subscribed recently, I know you haven’t received weekly posts consistently. I promise to come back in 2019 to share more tips. Thank you for subscribing, thank you for reading and sharing my posts. Thank you for referring your friends and thank you for signing up for my private lessons & mentorship. I know I have met most of my mentees from this blog. Thank you, Thank you, Thank you again till we meet again in 2019 with more practical tips and weekly economic news updates. May you all have a blessed festive season and please do stay safe. If you are in South Africa, kindly stay away from the “Idibala” dance on the road, hahaha. Cheers guys.
Economic news 19 To 23 November
Economic News To Watch This Week
Highlights from last week: GBP did the most last week. British Prime minister Theresa May was under so much pressure. She presented her Brexit deal to her cabinet and later to parliament. A lot happened last week in May’s cabinet. 7 members resigned including Brexit secretary who resigned after the cabinet approved an agreement to leave the E.U. On announcing his resignation, Raab said he could not “in good conscience support the terms proposed for our deal with the EU“. GBP reached its lowest since June 2017. All eyes are still on Brexit as May continues to take charge of Brexit talks.
On another news, OPEC seems to be going back to cutting oil output and that will increase oil price. Below is our weekly economic calendar.
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