The U.S dollar exchange rate went into tight range this Friday. Further cut in Fed’s policy tends to shrunken dollar exchange rate by around 0.8% against the basket of six developed
Please read the full stoy thanks in advange!
Upcoming events Canada in focus:
President Trump Speech
BOE’s Governor Carney speech
Canada in focus today:
BoC Interest Rate Decision
Bank of Canada Monetary Policy Report
BoC Press Conference
BoC Governor Poloz Speech
Rest of the week is boring data wise Friday is a special day in Europe Good Friday!
So I wish you all the best!
its bin a while since I did a proper update so there we go!!
So what a week it was!! Very interesting and also lot of proof that if you want to be a good trader you need to have some skin to resist all what’s told by the mainstream media!! So yes Just ignore it as much you can~!! There predictions are wrong almost always… The where wrong with the brexit wrong now with the elections! And even worse they where wrong on how the market would react when those events would play out they did!!!
Today we have the ECB and we have to see what draghi is going to tell..
Yellen also was sort of confirming rate hike expectation. So interesting times!!
Baby is Born!
Hi all we are now proud parents of a beautiful girl. We are super happy and ofcorse I have to recover a bit after a difficult pregnancy. I want to thank you all for you’re super support and kind words patients and trust. ofcorse feel free to give you’re congratulations
Greetings Noa Strijbos.
I need to inform you all about something important HF will stop providing pamm to Europe clients and as of 25 September all positions will be closed from there end. I’m very sorry for this… It made me close all the open positions now so all of you can withdraw there money on time!!!
This whole thing is chocking but the managment From Hotforex desided. You will all receive an email on the 5th September I also will provide you wit the original email on the website.
These measures are only for PAMM accounts not for the regular private accounts. It is save to trade your own private account under under this link: for Europe Clients https://www.hotforex.com When youre from outside Europe use this Link https://www.hotforex.com
If there any questions please let me know or contact Hf for further explaining.
I do also expect to giving birth in this week so very exited by that.
I will ofcorse update you when there is news in anyway!! ‘
forex weekly update Noa Strijbos,
So all in all Draghi did his play last week. Jobs report was not all that good yesterday Yellen speeche was sort of well …. the rate hike for june is of the table…. but than again there is a rate hike looming but no hints for now when.
Brexit fears and polls are in the vol greating in the USD/GPB mainly and therefor the waveitforward account is making profits. This morning there was a big spike…. We have to see what will happen closer to the refferendum.
waveitforward account is going strong and we can have some more investors so when youre interested please contact me.
weekly important forex data:
06:30 – RBA’s decision on interest rates in Australia;
07:00 – Leading / coincident indicators for Japan in April;
11:00 – GDP in the euro zone in the first quarter;
14:30 – productivity and labor costs in the first quarter in the US;
22:30 – American Petroleum Institute (API) will publish its report on the changes in US oil inventories for last week.
01:50 – Japan’s GDP data in the first quarter, foreign trade balance of Japan in April;
03:30 – mortgages in Australia. This indicator traces the development of the trend in the housing market in Australia, and the level of consumer confidence. Data on foreign trade balance of China in May is also published in this period. Publication of this data can cause a spike in volatility of both the yuan and the US dollar that the yuan is in fact linked to, as well as other currencies. China’s economy, being the second largest in the world, has a strong impact on the world’s GDP, and the indicators of its condition affect the entire financial market;
09:15 – consumer price index in Switzerland in May;
10:30 – Industrial production in the UK in April;
16:00 – assessment of GDP growth in the UK from the National Institute of Economic and Social Research (NIESR), which is published before the release of official GDP data. The evaluation can influence the monetary policy of the Bank of England;
16:30 – US Department of Energy publishes its weekly report on US oil and petroleum products inventories;
23:00 – RBNZ’s decision on interest rates in New Zealand. Current rate is 2.25%. After this, a press conference of the RBNZ will take place.
03:30 – Consumer Price Indix and Producer Price Index (PPI) in China in May. High values of the indices are considered a positive factor for the yuan, and vice versa;
07:45 – unemployment rate in Switzerland in May (forecast 3.5%);
08:00 – payment and foreign trade balance data in April in Germany, whose economy is the locomotive of the euro zone economy. This indicator can cause volatility of the EUR;
14:30 – Initial and Repeated Jobless Claims in the US for last week. Higher–than–expected (267,000) result points to the weakness of the labor market, which has a negative impact on the US dollar.
00:45 – Plastic card retail sales in New Zealand in May;
06:30 – services PMI in Japan in April;
08:00 – wholesale and consumer prices indices in May in Germany. Consumer price index (CPI) reflects the average change in prices of all goods and services purchased by households for consumption, it is a key indicator of inflation in Germany. A high value is positive for the EUR and vice versa;
15:00 – unemployment and employment rate in Canada in May.
Wish you all a great day Noa Strijbos
Noa, Strijbos…. HI All,
As some of you know I’m pregnant and the first month where really hard for me so now all is going really good so happy for that. We are expecting in september (witch is the best month for a trader to take things slow since most traders are not on there trading desk.) What does this mean for the accounts…. Well I stay trading although I will be managing it so that if something happened I can manage it for you. Therefore I will not take to much more risk at the moment since I do not think that is wise. I will keep you updated and as always you’re free to contact me personal if you have any questions!
Update about the waveitforward account:
its running good and at the moment we have one spot open for a new investor or a redeposit please be aware that if you wish to participate contact me first to discus.
Data coming out for today:
09:15 – real volume of retail trade in Switzerland, which is considered an indicator of consumer confidence for May (1.3% decline forecasted).
9:55 – 10:00 – business activity index in the manufacturing sector of Germany and the Eurozone for May from Markit.
10:30 – a block of macroeconomic data of the UK for April.
14:15 – ADP employment change in the US. An increase in the value of this indicator strengthens the dollar and vice versa. The growth is expected by 180,000.
15:45 – PMI Markit index in the US manufacturing sector in May.
16:00 – ISM business activity index in the US manufacturing sector in May, an important indicator of the state of the US economy as a whole; ISM gradual acceleration of inflation index, assessing the state of the US manufacturing sector in May; construction spending in the US in April.
After 16:00 – price index for dairy products prepared by Global Dairy Trade. We expect the usual strong influence of published data on the quotes of the New Zealand dollar.
20:00 – Beige Book of the FRS, which reviews the current situation in the US economy.
I do want to wish you all a great day!!
And feel free to congratulate or comment or share ofcorse I would be feeling happy when you do.
Greetings Noa, Strijbos
Euro fell after draghi speech.
Euro zone is still having issues to keep it short.
All PMI data came out worse than expected today.
So all in all interesting times Wish you all a great weekend.
Good morning all!!
In the beginning of the year I had some health issues and for me when I’m sick like that trading is not a good idea.
The Euro is ranging a lot with big risk to upside and downside …. Those are not the best trading conditions for how I trade.
Than to be honest the wirdawels and depositings where more effecting us than I would think they would. This Is something I need to adress and I think I did… Therefore I need to adjust the size of the trades we already have open. First priority is the drawdown management for the account. It also is fact that I can be more active now in the incoming months since Im feeling a whole lot better and I think we all will benefit from it. I know its not my best year but than again You cannot have sort of perfect peformance each year of youre life!!
Than I litle about the market…
Yellen is more dovish than in the beginning of the year and ratehike 4 times is pretty much of the table. Also she is taking into account global risk. So we have to see… The Euro looks stronger now…. but if you look at it more longtherm the Euro has some serious issues with brexit fears looming and some political and economic problems.
the WAVEITFORWARD account:
Its running very good and very happy with how we go! The lostsize is just a litle smaller now but that’s temporary to not get to much in drawdowns.
So I do hope this explains some more where we are. And where we go.
Feel free to ask questions.
Wish you all a great day and thank you all for youre pataints and trust.
Greetings Noa Strijbos