CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Click here to read full risk warning

Valutrades Market Blast :: Fundamentals :: 8 July 2019

Welcome to this week’s Market Blast Fundamentals where we will look at the USD, the Bank of Canada, and GBPCAD.

Read More

Germany Trade Balance

Today at 7:00am UK time. Trade Balance is calculated as the difference in value between imported and exported goods and services. If the national exports exceed imports, a positive balance is formed. Otherwise there is a trade deficit. F:19.8B, P:17B.

Read More

Market Recap: 1 - 5 July

 

 
On Tuesday last week we covered the AUDUSD which spent the remainder of the week testing and then easing away from the key 0.7050 level, which has continued to repel prices. It did however enjoy a solid surge higher in the last few weeks when it bounced strongly off support at 0.6850 which has helped prop up the currency pair twice in the last two months.
Read More

Canada Employment Change

Today at 12:30pm UK Time. Canada Employment Change shows a change in the number of officially employed Canadians in the reported month, and indicator growth can have a positive effect on CAD quotes. F:57.2K, P:27.7K. #USDCAD may test 1.32 again.

Read More

United States Nonfarm Payrolls

Today at 12:30pm UK Time. Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S. The indicator growth can have a positive effect on dollar quotes. F:176K, P:75K.

Read More

Valutrades Market Blast :: 5 July 2019

Welcome to this week’s Market Blast special look at the US Non-Farm Payrolls.

Read More

XAUUSD - Remains Near Six Year High Above $1415 as All Eyes on Fed

 

 
In the last two weeks gold has enjoyed new highs above $1400 and even though it fell sharply several days ago, it was quickly bought up and supported, pushing it back above this level. A few weeks ago, gold enjoyed a strong surge higher through resistance at the $1350 level, which had been repelling prices despite multiple rallies to push through that level, after having provided stiff resistance to gold on numerous occasions in the last couple of years. The $1350 level is now likely to offer support to gold should it decline from its current levels.
Read More

EURUSD - Returns to Key 1.13 Level as IMF’s Lagarde Nominated as Next ECB President

 

 
In the last few days the EURUSD has reversed and fallen strongly back to the key 1.13 level and drifted a little lower. It had enjoyed a solid surge higher from support at 1.12 back to the 1.13 level before breaking higher and reaching a three month low just above 1.14. For the most part of this year the EURUSD has traded in a range between 1.11 and 1.13 with very few excursions outside and after its recent decline, it remains within this range.
Read More

EIA United States Crude Oil Stocks Change

Today at 2:30pm UK time. The Energy Information Administration's Crude Oil Stocks Change Indicator is published weekly, and measures the number of barrels of commercial crude oil held by US companies. It is one of the indicators affecting world oil prices. F:-8.795M, P:-12.788M.

Read More

US30 - Near All Time High above 26800 as Fed May Pause on Rates

 

 
In the last couple of weeks the US30 index has consolidated a little in a narrow range roughly between 26500 and 26900, which is little surprise after its price action over the few weeks beforehand. Several weeks ago the US30 index rallied strongly to return to back above the 25000 level and continue beyond another key level in 26000 to reach a then one month high, before consolidating a little and enjoying some support from 26000. It then surged higher again to get very close to its all time high set last year, before easing a little.
Read More