Treasury Yields Just Flash-Crashed

However as 10Y Yields approached the Maginot Line of 3.00% today, the bond buying began and then accelerated and then turned into a mini-flash-crash, plunging yields 11bps Read More @ https://www.zerohedge.com/news/2018-06-07/treasury-yields-just-flash-crashed

China is working to change global commodities trading — to its own benefit

Bank of England interest rate setter hints at rise in August

Economy may emerge from ‘soft patch’ as wage pressures rise, says deputy governor;  The chances of an August rise in interest rates have increased after one of the most cautious policy setters at the Bank of England signalled support for higher borrowing costs. Sir Dave Ramsden, one of Threadneedle Street’s deputy governors, said the economy seemed to be coming out of its early 2018 soft patch at a time when wage pressures were mounting. Ramsden, one of only two members of the Bank’s monetary policy committee to vote against last November’s quarter-point increase in official interest rates to 0.5% said that in the absence of further tightening of policy, inflation would breach the government’s 2% target. Read More @ https://www.theguardian.com/business/2018/jun/07/bank-of-england-interest-rate-setter-hints-at-rise-in-august

WHAT IS THE USD INDEX SAYING?

USD just completed its move of bullish flag – today we should see some drama for the USD – we are expecting some good volatility for USD with the G7 Meeting in action. We move from SELL USD to BUY today.

TODAYS NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES.

  1. 7.50am – JAPANwill release its GDP and is expected to be better then last week; time to BUY JPY as BOJ prepares to wind down the lose monetary soon.
  2. Tentative – Be cautious as China will release its Trade Balance today expected to be good – AUD & NZD should be good for another move north after yesterday pullback.
  3. 1.00pm – Japan will release their economy watchers sentiment and apparently expected to be get ratings.
  4. 2.00pm – German will release their trade balance and is expected to be good – we maintain buy for EURO.
  5. 4.30pm – UK will release their Inflation exception and is expected to be good for a good volatility today. We maintain BUY for GBP.
  6. 8.15 – 8.30pm – Canada will give some good volatility with Housing and employment news both of which is expected to be good and also yesterday Governor Poloz was hawkish on his statement – we will watch the NAFTA closely before engaging CAD,
  7. 10.00pm – US will release their Final wholesale Inventories – It’s a signal of future business spending because companies are more likely to purchase goods once they have depleted inventories; – expected to be good.

Be cautious before the weekend as there will G7 meeting and teh market will lead to any direction. Close all position before the end of the day and always be aware of good money management at all times.

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.

 

2 Comments
  1. stornobrzinol 4 months ago

    you are really a good webmaster. The website loading speed is incredible. It seems that you’re doing any unique trick. Also, The contents are masterwork. you’ve done a great job on this topic!

  2. Europa-Road Kft 2 months ago

    Just what I was searching for, thanks for putting up.

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?