by Ntombi Malatsi | Aug 13, 2016 | ECONOMIC NEWS
Highlights from last week
Our week started off with the UK Production PMI which came out below the expected figure. The Reserve Bank Of New Zealand finally had their Official Bank Rates cut by 25 (2.00% from 2.25%). U.S unemployment claims also improved. New Zealand Retail Sales improved as well. To close off our week, the USD had it bad when the Retail sales, Core Retails sales , PPI and Consumer sentiment all got a negative print. Below are the economic news to watch from the 15th to the 19th of August.
by Ntombi Malatsi | Aug 8, 2016 | ECONOMIC NEWS
Recap: U.S NFP Job numbers increased by 75k while the Average hourly earnings also increased by 1%. The US unemployment also increased by 1% which was not enough to neutralize the good NFP results. On another news the Canada Employment change and Canada Trade balance got a negative print. My team and I went for UsdCad buying the Greenback and selling the CAD, we also went short on Xauusd using its correlation to the Us Dollar. Learn more about that HERE. Below are the economic news to watch for.
by Ntombi Malatsi | Aug 7, 2016 | ECONOMIC NEWS
Recap: U.S NFP Job numbers increased by 75k while the Average hourly earnings also increased by 1%. The US unemployment also increased by 1% which was not enough to neutralize the good NFP results. On another news the Canada Employment change and Canada Trade balance got a negative print. My team and I went for UsdCad buying the Greenback and selling the CAD, we also went short on Xauusd using its correlation to the Us Dollar. Learn more about that HERE. Below are the economic news to watch for.
by Ntombi Malatsi | Jul 31, 2016 | ECONOMIC NEWS
Economic news ahead of NFP.
by Ntombi Malatsi | Jul 24, 2016 | ECONOMIC NEWS
Economic news to watch out for.
by Ntombi Malatsi | Jul 17, 2016 | ECONOMIC NEWS
Highlights from the previous week: Canada Interest Rates remained unchanged at 0.50%. Australia Employment Change dropped by 11.3k from previous month, it was expected to come out at 10.1k but the actual came out at 7.9k which was 2.2k below expected figure while Unemployment Rate remained unchanged at 5.8%. UK official Bank Rates remained unchanged at 0.50%, the market was expecting a rate cut by 0.25% post Brexit. U.S PPI increased by 0.2% and came out at 0.5% as opposed to expected figure of 0.3%, while U.S Unemployment Claims dropped by 9K and came out out at 254K as opposed to 263k expected. Canada Core CPI remained unchanged at 0.2%. U.S Core Retails Sales increased by 0.3% while U.S Retail Sales also got a positive print and increased by 0.5%. Below are the economic news to look out for this week.
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