BOC Gov Poloz Speaks

MAC34_STEPHEN_POLOZ_POST01.jpg

Technical Analysis Daily Majors & Minors

• The British Pound is struggling to make good on a bottoming chart setup after prices bounced as expected having put in a Piercing Line candlestick pattern. Will we see a breakout today?

• USD/CAD has vaulted back above the 1.1220 mark leaving a Bullish Engulfing formation in its wake. But how will this move today?

Quick Daily update

• The UK Living Wage - an hourly rate based on the amount needed to cover the basic costs of living - has been raised, benefitting 35,000 workers.

• Millions of taxpayers will this week start to receive a breakdown of how their tax has been spent.

• Argentina temporarily bans the consumer products giant Procter & Gamble from doing business amid accusations of tax fraud.

Daily News To Watch

Monday, 3rd November 2014 Previous Forecast Actual

09:30am GBP Manufacturing PMI 51.6 51.5

15:00pm USD ISM Manufacturing PMI 56.6 56.5

17:50pm CAD BOC Gov Poloz Speaks

Featured Posts
Recent Posts
Archive
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
Search By Tags

 

The information and content held within this website has been created by Forex Masters and are for educational purposes only. Forex or stock trading has no guarantees. There are many factors including general economic conditions that can have an impact on your investment and past results are not indicative of the future. Spread betting and CFD's can put your money in jeopardy, as the financial or stock markets can move quickly and go up and down against your investment. Invest with capital which is reasonable to you as the investment may fail meaning you lose it plus have to pay additional money. Spread betting is not for everyone, so make sure you fully know the risks and get guidance from a professional trader if required.

 

Risk warning: Trading Foreign Exchange (Forex) and Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all of your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience.

 

© 2015 by FOREX MASTERS