by Ntombi Malatsi | Jul 25, 2015 | ECONOMIC NEWS
Welcome to Forex events Monday 27 – Friday 31 July:
GERMAN IFO BUSINESS CLIMATE:
Date released : 27 July
Time released : 4am NY ( 10am south African time)
Currency affected: EUR
CORE DURABLE GOODS ORDERS:
Date released : 27 July
Time released : 8:30am NY ( 2:30pm south African time)
Currency affected: USD
PRELIM GDP:
Date released : 28 July
Time released : 4:30am NY (10:30am south African time)
Currency affected:GBP
CB CONSUMER CONFIDENCE:
Date released : 28 July
Time released : 10am NY (4pm south African time)
Currency affected: USD
FOMC STATEMENT:
Date released : 29 July
Time released : 2pm NY (8pm south African time)
Currency affected : USD
FEDERAL FUNDS RATE:
Date released : 29 July
Time released : 2pm NY (8pm south African time)
Currency affected: USD
RBA GOV STEVENS SPEAKS:
Date released : 29 July
Time released : 8pm NY (2:30am 30th south African time)
Currency affected :AUD
BUILDING APPROVALS:
Date released : 29 July
Time released : 9:30pm NY ( 3:30am 30th south African time)
Currency affected: AUD
ADVANCE GDP:
Date released : 30 July
Time released : 8:30am NY (2:30pm south African time )
Currency affected : USD
UNEMPLOYMENT CLAIMS:
Date released : 30 July
Time releasee : 8:30am NY (2:30 pm south african time)
Currency affected: USD
ANZ BUSINESS CONFIDENCE:
Date released : 30 July
Time released : 9pm NY (3am 31st south African time)
Currency affected: NZD
PPI:
Date released : 30 July
Time released : 9:30pm NY ( 3:30am 31st south African time)
Currency affected: AUD
GDP:
Date released : 31 July
Time released : 8:30am NY ( 2:30pm south African time)
Currency affected: CAD
Happy trading, keep it low risk always…
by Ntombi Malatsi | Jul 20, 2015 | FOREX FOR BEGINNERS, FOREX TRAINING
Commodity currencies, what are they?
We all know about the majors and other types of currencies, but there are also those currencies that are referred to as commodity currencies/commodity dollars. Commodity currencies are heavily dependent on the export of certain raw materials. Listed below are the currencies which are raw material dependent.
Canadian Dollar (CAD).
Canadian dollar also nicknamed the loonie is highly dependent on oil since Canada is the second largest exporter of oil, the strength of economy depends on the prices of natural resources. The higher the price of oil the higher the loonie benefits, and the more disadvantaged the Us dollar becomes.
Australian Dollar (AUD).
Australia is one of the biggest producers of Gold, Iron, Aluminium and coal. GDP (Gross domestic products) is accounted for the falling and rising of gold prices. Australian dollar also nicknamed the AUSSIE or OZZIE is also dependent on this commodities, and by the way, trading Audusd is almost the same as trading gold, as the Aud follow the similar pattern to gold.
South African Rand (ZAR).
South Africa is also amongst the producers of Gold, the price of Gold is highly correlated to the price of the country’s currency, so there is a high correlation between Zar and Gold.
New Zealand Dollar (NZD).
New Zealand is not only dependent on one commodity, but a basket of a few. New Zealand is the big exporter of milk, meat and even fruits. New Zealand dollar is also nicknamed Kiwi. Commodity currencies are less liquid as compared to those currencies of the Uk ( GBP) and Japan (Jpy/Yen) or Euro Zone. When the interest rates are higher in Australia or New Zealand than Japan, the investors will then sell the Yen and purchase the Aussie (buy Audjpy) or they will sell the Yen ( Jpy) and purchase Kiwi (Nzd) buy Nzdjpy, they sell the weaker one, anyway this is what we do on the Forex markets, we buy the stronger currencies and we sell the weaker currencies, that is our general rule in Forex markets. here is to knowing a little bit more about the currencies that we trade. Thank you for stopping by, please share the post using share buttons below, more to come on currencies ,stay tuned.
by Ntombi Malatsi | Jul 19, 2015 | ECONOMIC NEWS
Welcome to Forex weekly news:
CAD WHOLESALE SALES:
Date released : 20 July
Time released : 8:30am NY (2:30pm south African time)
Currency affected :CAD
MONETARY POLICY MEETING MINUTES:
Date released : 20 July
Time released : 9:30pm NY (3:30am next day south African time)
Currency affected :AUD
CPI:
Date released : 21 July
Time released : 9:30pm NY (3:30am next day south African time)
Currency affected :AUD
RBA GOV STEVENS SPEAKS:
Date released : 21 July
Time released : 11:05pm NY (5:05am next day south African time)
Currency affected :AUD
MPC OFFICIAL BANK RATE VOTES:
Date released : 22 July
Time released : 4:30am NY (10:30am south African time)
Currency affected :GBP
OFFICIAL CASH RATE:
Date released : 22 July
Time released :5:00pm NY (11:00pm south African time)
Currency affected :NZD
RBNZ RATE STATEMENT:
Date released : 22 July
Time released :5:00pm NY (11:00pm south African time)
Currency affected :NZD
RETAIL SALES:
Date released : 23 July
Time released :4:30am NY (10:30am south African time)
Currency affected :GBP
CORE RETAIL SALES:
Date released : 23 July
Time released :8:30am NY (2:30pm south African time)
Currency affected :CAD
UNEMPLOYMENT CLAIMS:
Date released : 23 July
Time released :8:30am NY (2:30pm south African time)
Currency affected :USD
TRADE BALANCE:
Date released : 23 July
Time released :6:45pm NY (12:45 am next day south African time)
Currency affected :NZD
FRENCH FLASH MANUFACTURING PMI:
Date released : 24 July
Time released :3:00am NY ( 9:00am south African time)
Currency affected :EUR
GERMAN FLASH MANUFACTURING PMI:
Date released : 24 July
Time released :3:30am NY ( 9:30am south African time)
Currency affected :EUR
The Forex weekly news listed above are only those with high impact, thank you for stopping by, please read and share.
by Ntombi Malatsi | Jul 12, 2015 | ECONOMIC NEWS
Welcome to the economic events for 13-17 July
EURO GROUP MEETINGS:
Date released : 13 July
Time released : all day
Currency affected : EUR
NAB BUSINESS CONFIDENCE:
Date released : 13 July
Time released : 9:30pm NY ( 3:30am next day south African time)
Currency affected : AUD
CPI:
Date released : 14 July
Time released : 4:30am NY (10:30am south African time)
Currency affected : GBP
GERMAN ZEW ECONOMIC SENTIMENT:
Date released : 14 July
Time released : 5:00am NY (11:00am south African time)
Currency affected : EUR
CORE RETAIL SALES:
Date released : 14 July
Time released : 8:30am NY (2:30pm south African time)
Currency affected : USD
RETAIL SALES:
Date released : 14 July
Time released : 8:30am NY (2:30pm south African time)
Currency affected : USD
MONETARY POLICY STATEMENT:
Date released : 14 July
Time released : tentative (no fixed time)
Currency affected : JPY
BANK OF JAPAN(BOJ)PRESS CONFERENCE:
Date released : 15 July
Time released : tentative (no fixed time)
Currency affected : JPY
AVERAGE EARNINGS INDEX:
Date released : 15 July
Time released : 4:30am NY (10:30am south African time)
Currency affected : GBP
CLAIMANT COUNT CHANGE:
Date released : 15 July
Time released : 4:30am NY (10:30am south African time)
Currency affected : GBP
MANUFACTURING SALES:
Date released : 15 July
Time released : 8:30am NY (2:30pm south African time)
Currency affected : CAD
PPI:
Date released : 15 July
Time released : 8:30am NY (2:30pm south African time)
Currency affected : USD
BANK OF CANADA (BOC) MONETARY POLICY REPORT:
Date released : 15 July
Time released : 10:00am NY (4:00pm south African time)
Currency affected : CAD
BOC RATE STATEMENT:
Date released : 15 July
Time released : 10:00am NY (4:00pm south African time)
Currency affected : CAD
OVERNIGHT RATE:
Date released : 15 July
Time released : 10:00am NY (4:00pm south African time)
Currency affected : CAD
FED CHAIR YELLEN TESTIFIES:
Date released : 15 July
Time released : 10:00am NY (4:00pm south African time)
Currency affected : USD
GDT PRICE INDEX:
Date released : 15 July
Time released : tentative
Currency affected : NZD
BOC PRESS CONFERENCE:
Date released : 15 July
Time released : 11:15am NY ( 5:15pm south African time)
Currency affected : CAD
CPI:
Date released : 15 July
Time released : 6:45pm NY ( 12:45am next day south African time)
Currency affected : NZD
MINIMUM BID RATE:
Date released : 16 July
Time released : 7:45am NY ( 1:45pm south African time)
Currency affected : EUR
ECB PRESS CONFERENCE:
Date released : 16 July
Time released : 8:30am NY ( 2:30pm next day south African time)
Currency affected : EUR
UNEMPLOYMENT CLAIMS:
Date released : 16 July
Time released : 8:30am NY ( 2:30pm south African time)
Currency affected : USD
FED CHAIR YELLEN TESTIFIES:
Date released : 16 July
Time released : 10:00am NY ( 4:00pm south African time)
Currency affected : USD
PHILLY FED MANUFACTURING INDEX:
Date released : 16 July
Time released : 10:00am NY ( 4:00pm south African time)
Currency affected : USD
CORE CPI:
Date released : 17 July
Time released : 8:30am NY ( 2:30pm south African time)
Currency affected :CAD
BUILDING PERMITS:
Date released : 17 July
Time released : 8:30am NY ( 2:30pm south African time)
Currency affected :USD
CPI:
Date released : 17 July
Time released : 8:30am NY ( 2:30pm south African time)
Currency affected :USD
CORE CPI:
Date released : 17 July
Time released : 8:30am NY ( 2:30pm south African time)
Currency affected :USD
PRELIM UOM CONSUMER SENTIMENT:
Date released : 17 July
Time released : 10:00am NY ( 4:00pm south African time)
Currency affected :USD
That’s it for this week, only high impact events are listed above, thank you for stopping by ,make more traders aware, kindly share the post using share buttons below.
by Ntombi Malatsi | Jul 5, 2015 | ECONOMIC NEWS
Welcome to the weekly economic news
GREEK BAILOUT VOTE:
Date released : 05 July
Time release : all day
Currency affected : EUR
Impact :high
IVEY PMI:
Date released :06 July
Time released : 10am NY (4pm south African time)
Currency affected : CAD
Impact :high
ISM NON-MANUFACTURING PMI:
Date released : 06 July
Time released : 10am NY (4pm south African time)
Currency affected : USD
Impact : high
BUSINESS CONFIDENCE:
Date released : 06 July
Time released :6pm NY (12am next day south African time)
Currency affected : NZD
Impact :high
CASH RATE:
Date released : 07 July
Time released : 12:30am NY ( 6:30am south African time)
Currency affected : AUD
Impact :high
RBA RATE STATEMENT:
Date released : 07 July
Time released : 12:30am NY (6:30am south African time)
Currency affected :AUD
Impact : high
MANUFACTURING PRODUCTION:
Date released : 07 July
Time released : 4:30am NY (10:30am south African time)
Currency affected : GBP
Impact : high
TRADE BALANCE:
Date released :07 July
Time released : 8:30am NY (2:30pm south African time)
Currency affected : CAD
Impact : high
TRADE BALANCE:
Date released : 07 July
Time released : 8:30am NY (2:30pm south African time)
Currency affected : USD
Impact : high
ANNUAL BUDGET RELEASE:
Date released : 08 July
Time released : 7:30am NY (1:30pm south African time)
Currency affected:GBP
Impact : high
BUILDING PERMITS:
Date released : 08 July
Time releases : 8:30am NY (2:30pm south African time)
Currency affected : CAD
Impact : high
FOMC MEETING MINUTES:
Date released : 08 July
Time released : 2pm NY (8pm south African time)
Currency affected : USD
Impact : high
EMPLOYMENT CHANGE:
Date released : 08 July
Time released : 9:30pm NY ( 3:30am next day south African time)
Currency affected : AUD
Impact : high
UNEMPLOYMENT RATE:
Date released : 08 July
Time released : 9:30pm NY (3:30am next day south African time)
Currency affected : AUD
Impact : high
OFFICIAL BANK RATE:
Date released : 09 July
Time released :7am NY (1pm south African time)
Currency affected : GBP
Impact :high
MPC RATE STATEMENT:
Date released : 09 July
Time released : tantative
Currency affected: GBP
Impact : high
UNEMPLOYEMT CLAIMS:
Date released : 09 July
Time released : 8:30am NY (2:30pm south African time)
Currency affected : USD
Impact : high
EMPLOYMENT CHANGE:
Date released : 10 July
Time released : 8:30am NY (2:30pm south African time)
Currency affected : CAD
Impact : high
UNEMPLOYMENT RATE:
Date released : 10 July
Time releasee : 8:30am NY ( 2:30pm south African time)
Currency affected: CAD
Impact : high
FED CHAIR YELLEN SPEAKS:
Date released : 10 July
Time released : 12:30pm NY (6:30am south African time)
Currency affected: USD
Impact : high
HAPPY TRADING,KEEP IT LOW RISK ALWAYS…
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