ilearn2t
Sergeant Major
- Messages
- 711
Hello RahmanSL
Speculation seems to suggest the full Senate are considering a proposal today to raise the debt limit reopening the partially shuttered government, a deal that would extend U.S. borrowing authority until February 7. This could end the government shut-down that began with the new fiscal year on October 1.
Yesterday my prediction fell sharply after reports that the US Senate fiscal negotiations were suspended until House Republicans work out plan to proceed on debt limit and government funding. Only to rebound earlier today to my starting point for prediction, before dropping back again to its current price 94.86.
Wed 16th Oct: The Canadian Manufacturing Sales m/m 1.30pm (London time)
This report is released monthly and is a leading indicator of economic health, manufacturers are quickly affected by market conditions, changes in their sales can be an early signal of future activity such as spending, hiring, and investment
A reading which is lower than the market forecast is bearish for the Canadian dollar.
Forecast: 0.3% Previous: 1.7%
The "Bollinger" Bands indicator remains slightly above the longer-term average line on today's "Daily" chart. parameters: Period:20 - Shift:0 - Deviations:2 Apply to: Close. (All default settings)
As the currency price become more volatile the outer bands move further away from the longer-term average, as volatility decreases they become closer to the moving average. When using Bollinger bands you should consider combining it with support and resistance lines on your forex charts before entering a position.
Other good tools to use is the momentum oscillators as a guidance.
Update:
Result of Canadian Manufacturing Sales m/m: Actual -0.2% Forecast 0.3% Previous 1.7%
CAD/JPY took a slight dip by a few pips shortly after report, before continued its "Daily" & "Weekly" uptrend movement. Reaching its highest point in 13 days.
Current price: 95.34
Friday 18th Oct: Bank of Japan Governor Haruhiko Kuroda speaks 7.35am
Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues.
A more hawkish than expected approach could be good for the JPY.
Friday 18th Oct: The Canadian Consumer Price Index (CPI) 1.30pm
This report measures the change in the price of goods and services purchased by consumers, excluding the 8 most volatile items. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
A reading which is higher than the market forecast is bullish for the CAD.
The CPI rose 1.1% in the 12 months to August, following a 1.3% increase in July.
Forecast: 0.2% Previous: 0.2%
Good luck
ilearn2t
Speculation seems to suggest the full Senate are considering a proposal today to raise the debt limit reopening the partially shuttered government, a deal that would extend U.S. borrowing authority until February 7. This could end the government shut-down that began with the new fiscal year on October 1.
Yesterday my prediction fell sharply after reports that the US Senate fiscal negotiations were suspended until House Republicans work out plan to proceed on debt limit and government funding. Only to rebound earlier today to my starting point for prediction, before dropping back again to its current price 94.86.
Wed 16th Oct: The Canadian Manufacturing Sales m/m 1.30pm (London time)
This report is released monthly and is a leading indicator of economic health, manufacturers are quickly affected by market conditions, changes in their sales can be an early signal of future activity such as spending, hiring, and investment
A reading which is lower than the market forecast is bearish for the Canadian dollar.
Forecast: 0.3% Previous: 1.7%
The "Bollinger" Bands indicator remains slightly above the longer-term average line on today's "Daily" chart. parameters: Period:20 - Shift:0 - Deviations:2 Apply to: Close. (All default settings)
As the currency price become more volatile the outer bands move further away from the longer-term average, as volatility decreases they become closer to the moving average. When using Bollinger bands you should consider combining it with support and resistance lines on your forex charts before entering a position.
Other good tools to use is the momentum oscillators as a guidance.
Update:
Result of Canadian Manufacturing Sales m/m: Actual -0.2% Forecast 0.3% Previous 1.7%
CAD/JPY took a slight dip by a few pips shortly after report, before continued its "Daily" & "Weekly" uptrend movement. Reaching its highest point in 13 days.
Current price: 95.34
Friday 18th Oct: Bank of Japan Governor Haruhiko Kuroda speaks 7.35am
Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues.
A more hawkish than expected approach could be good for the JPY.
Friday 18th Oct: The Canadian Consumer Price Index (CPI) 1.30pm
This report measures the change in the price of goods and services purchased by consumers, excluding the 8 most volatile items. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
A reading which is higher than the market forecast is bullish for the CAD.
The CPI rose 1.1% in the 12 months to August, following a 1.3% increase in July.
Forecast: 0.2% Previous: 0.2%
Good luck
ilearn2t
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