Solid UK jobs report gives August hike the green light

Despite a slip in UK wage growth, we suspect the Bank of England will remain comfortable with the overall trend. We expect a rate hike in August –  For the Bank of England, rising wage growth is a key pillar of its rate hike rationale. So at face value, the latest slip in average earnings (ex bonuses) to 2.7% may appear disappointing. However, it’s worth noting that, like last month’s fall, this is mainly a function of base effects. Wage growth was particularly weak in early 2017, but began to recover from the second quarter – meaning the year-on-year growth rates are beginning to ease. Admittedly the recent momentum has slipped a little too. But with Bank of England Agents still pointing to skill shortages resulting in more rapid pay increases, we doubt the recent figures will lead to any kind of rethink amongst the committee on the overall trend for wages. Read More @ https://think.ing.com/snaps/solid-uk-jobs-report-gives-august-hike-the-green-light/

Fed chairman expects rate hikes to continue

Federal Reserve Chairman Jerome Powell was optimistic in his economic assessment on Tuesday and told the Senate Banking Committee he expects the Fed to continue to gradually raise interest rates, at least “for now.” Mr. Powell cited low unemployment and inflation close to its 2% objective level as reasons for being positive. Those were two key reasons the central bank last month raised the federal funds rate for the second time in 2018, this time to a range of 1.75% to 2%. Read More @ http://www.pionline.com/article/20180717/ONLINE/180719882/fed-chairman-expects-rate-hikes-to-continue

Preview: Powell to defend pace of one interest-rate hike every three months

Federal Reserve Chairman Jerome Powell will defend the current pace of one interest-rate hike per quarter, economists said. “I think he’s been a stick-to-the-path kind of guy,” said Robert Brusca, chief economist at FAO Economics. Powell will testify to the Senate Banking Committee at 10 a.m. on Tuesday, followed by a second day with the House Financial Services panel on Wednesday. After raising rates in March and June, the Fed has penciled in two more interest-rate hikes this year. Markets expect the Fed to move in September and December. Read More @ https://www.marketwatch.com/story/preview-powell-to-defend-pace-of-one-interest-rate-hike-every-three-months-2018-07-16?siteid=rss&rss=1

WHAT IS THE USD INDEX SAYING?

USD regain ground after the FED remains Bullish towards the end of this year; rate hike is also in-tact for further rate hikes this year. Bullish flag has started and to or not to buy USD still remains cautious.

TODAYS NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES.

  1. 4.30pm – UK will release their CPI – expect huge volatility if the data don’t match the expectation. We stay neutral till after the news.
  2. 5.00pm – EURO will release their CPI and is expected to be no change. We stay neutral for EURO for now.
  3. 8.30pm – US will release their building permits which is their leading indicator. Expected to be good.
  4. 10.00pm – FED continues day 2 testifying – expected to be continued hawkish.
  5. 10.30pm – Crude Oil Inventories. Demand and Supply still a challenge and threat from Iran still remains. We remain neutral.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

16 Comments
  1. web hosting in 2 months ago

    Howdy! Would you mind if I share your blog with my facebook group?
    There’s a lot of folks that I think would really enjoy your content.
    Please let me know. Thanks

  2. http://t.co/ZJ8PSXZGuj 2 months ago

    Good day! I know this is somewhat off topic but I was wondering if you knew where I could find a
    captcha plugin for my comment form? I’m using the same blog
    platform as yours and I’m having trouble finding one? Thanks a lot!

  3. http://t.co/V4GSBluhrM 2 months ago

    I enjoy what you guys are usually up too. This sort of clever work and coverage!
    Keep up the amazing works guys I’ve included you guys to my blogroll.

  4. bit.ly 2 months ago

    This website was… how do you say it? Relevant!! Finally I
    have found something that helped me. Appreciate it!

  5. scoliosis surgery what 2 months ago

    Thanks for ones marvelous posting! I certainly enjoyed reading it,
    you happen to be a great author. I will always bookmark
    your blog and will come back in the foreseeable future.
    I want to encourage you to continue your great work,
    have a nice holiday weekend!

  6. my asmr 2 months ago

    I’m amazed, I have to admit. Seldom do I come across a
    blog that’s equally educative and engaging, and without a doubt, you’ve hit the nail on the head.

    The issue is something that not enough folks are speaking
    intelligently about. Now i’m very happy I came across this during my search for something concerning this.

  7. bitly.com 1 month ago

    This info is worth everyone’s attention. How can I find out more?

  8. are scoliosis surgery 1 month ago

    I was curious if you ever thought of changing the layout of
    your site? Its very well written; I love what youve
    got to say. But maybe you could a little more in the way of content so people
    could connect with it better. Youve got an awful lot of text for only having one or two pictures.
    Maybe you could space it out better?

  9. or asmr 1 month ago

    I am sure this article has touched all the internet people, its really really fastidious article on building up new blog.

  10. for quest bars 1 month ago

    Hello fantastic blog! Does running a blog similar to this require a
    large amount of work? I have very little knowledge of coding
    however I was hoping to start my own blog in the near future.
    Anyways, should you have any recommendations or tips for new blog owners please share.
    I understand this is off topic but I just needed
    to ask. Appreciate it! quest bars http://bit.ly/3jZgEA2 quest bars

  11. I every time emailed this web site post page to all my contacts,
    since if like to read it afterward my friends will
    too. asmr https://app.gumroad.com/asmr2021/p/best-asmr-online asmr

  12. j.mp 1 month ago

    My spouse and I stumbled over here coming from a different web address and thought I might as well check things out.
    I like what I see so i am just following you. Look forward to checking
    out your web page again. scoliosis surgery https://0401mm.tumblr.com/ scoliosis surgery

  13. http://j.mp 1 month ago

    whoah this blog is great i really like studying
    your articles. Keep up the great work! You recognize,
    a lot of individuals are searching around for this info,
    you could help them greatly. cheap flights http://1704milesapart.tumblr.com/ cheap flights

  14. bit.ly 1 month ago

    Ahaa, its pleasant discussion on the topic of this article at this place at
    this weblog, I have read all that, so now me also commenting at this place.
    ps4 games https://j.mp/3nkdKIi ps4

  15. Howdy very nice web site!! Man .. Excellent
    .. Wonderful .. I will bookmark your site and take the feeds also?
    I am satisfied to seek out a lot of useful info right here within the submit, we want work out extra techniques in this regard, thanks for sharing.
    . . . . . scoliosis surgery https://coub.com/stories/962966-scoliosis-surgery scoliosis surgery

  16. www.iherb.com 1 month ago

    I do not know whether it’s just me or if everybody else experiencing
    issues with your website. It appears like some of the written text
    in your content are running off the screen. Can somebody else please provide feedback and let me know if this is
    happening to them too? This may be a problem with my internet browser because I’ve had this happen before.

    Thank you quest bars https://www.iherb.com/search?kw=quest%20bars quest bars

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?