Week 3- Basically just the Pound.
Another week does begin and with that comes events which shall impact the markets as always. Sadly this week once again , there is nothing till Thursday which is going to significantly effect the current bullish Gold market. Gold of now is smashing it, continuing to rally. I feel this ongoing North Korean Issue with Mr Trump himself means the bull market could continue for a while because its creating huge instability about whether there will be another war or a new peace declaration. Who knows.
So once again, because of this, I have picked up and shall highlight some of the key interesting events in this week to come. In a previous blog I have already spoken about today. with New Zealand releasing their quarterly CPI results. There is a surprisingly big change, forecast of a 0.4% change and increase, but for my interests I won't be looking at this, but as always, potential for decent money if you correctly pick the direction.
But moving on, Tuesday is offering something of mild interest. The UK is to release their y/y CPI index figures. Forecast is expecting a small change, a 0.1% increase from last year, with the forecast of 3.0% respectively(Forex Factory, 2017).
This does seem very reasonable, as throughout the last year m/m change has been holding a majority positive position. As this is before the BOE's meeting I believe this could very nicely help predict what we reckon they will do to current interest rates. If the forecast is met or exceeded it could push the GBP/USD up from 1.33 to 1.335 or maybe even 1.34.
As the week progresses, we continue our focus on the Great British Pound, nar I am joking it lacks the 'Great' part these days, but we are gonna keep looking at it. Mr Wednesday is showing us the Average Earning Index, how exciting I know. But nothing changing too much here, with Forecast holding base from the previous month of a steady 2.1%(Forex Factory, 2017). If this is met, it could continue the bullish trend the pound is showing against the dollar.
But my personal interest here is the unemployment rate, currently the UK is experiencing their lowest unemployment rate since 1975(Trading Economics, 2017) at a rate of 4.3%. Forecast expects 4.3%, but after last weeks strong data releases of the manufacturing production(which was up m/m) of 0.2% it offers the potential to speculate(not conclude) that long-term we could see even lower unemployment rates in the next few months. Which is very exciting for the direction of the pound, constant strong data releases and if Mr Carney keeps interest rates really fucking low we could genuinely see the pound hitting a long-term bullish position against the mighty dollar and Euro over the next few months. But this does all depend on whether the witch at no.10 can magically make friends with Draghi and the gang and sort out the fucking mess we face. But anyway I feel the Brexit fuck up has been implemented into markets tbh and therefore this should allow the pound to continue its beautiful little rally against some of the major currencies.
Right, so basically there are a few other events happening this week, such as Crude Oil inventories on Wednesday, Building Permits and Unemployment Claims for the US but I thought I would focus this Blog on the Pound because someone needs to have hope in England, but I shall release another blog either tomorrow or Wednesday morning focusing on these data releases stated in the this paragraph.
Please feel free to abuse or discuss what I have said,
enjoy trading.
So once again, because of this, I have picked up and shall highlight some of the key interesting events in this week to come. In a previous blog I have already spoken about today. with New Zealand releasing their quarterly CPI results. There is a surprisingly big change, forecast of a 0.4% change and increase, but for my interests I won't be looking at this, but as always, potential for decent money if you correctly pick the direction.
But moving on, Tuesday is offering something of mild interest. The UK is to release their y/y CPI index figures. Forecast is expecting a small change, a 0.1% increase from last year, with the forecast of 3.0% respectively(Forex Factory, 2017).
This does seem very reasonable, as throughout the last year m/m change has been holding a majority positive position. As this is before the BOE's meeting I believe this could very nicely help predict what we reckon they will do to current interest rates. If the forecast is met or exceeded it could push the GBP/USD up from 1.33 to 1.335 or maybe even 1.34.
As the week progresses, we continue our focus on the Great British Pound, nar I am joking it lacks the 'Great' part these days, but we are gonna keep looking at it. Mr Wednesday is showing us the Average Earning Index, how exciting I know. But nothing changing too much here, with Forecast holding base from the previous month of a steady 2.1%(Forex Factory, 2017). If this is met, it could continue the bullish trend the pound is showing against the dollar.
But my personal interest here is the unemployment rate, currently the UK is experiencing their lowest unemployment rate since 1975(Trading Economics, 2017) at a rate of 4.3%. Forecast expects 4.3%, but after last weeks strong data releases of the manufacturing production(which was up m/m) of 0.2% it offers the potential to speculate(not conclude) that long-term we could see even lower unemployment rates in the next few months. Which is very exciting for the direction of the pound, constant strong data releases and if Mr Carney keeps interest rates really fucking low we could genuinely see the pound hitting a long-term bullish position against the mighty dollar and Euro over the next few months. But this does all depend on whether the witch at no.10 can magically make friends with Draghi and the gang and sort out the fucking mess we face. But anyway I feel the Brexit fuck up has been implemented into markets tbh and therefore this should allow the pound to continue its beautiful little rally against some of the major currencies.
Right, so basically there are a few other events happening this week, such as Crude Oil inventories on Wednesday, Building Permits and Unemployment Claims for the US but I thought I would focus this Blog on the Pound because someone needs to have hope in England, but I shall release another blog either tomorrow or Wednesday morning focusing on these data releases stated in the this paragraph.
Please feel free to abuse or discuss what I have said,
enjoy trading.
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