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Calendar event / Wednesday at 14:30 GMTpreviousforecastactualHigh Crude Oil Stocks, Net Chg (Bbl)+5.987M+1.5M+6.49MHigh Gasoline Stocks, Net Chg (Bbl)+0.951M-0.4M-2.016MHigh Distillate Stocks, Net Chg (Bbl)-2.666M-1.2M-0.827MMed Crude Oil Stocks (Bbl)409.951M416.441MMed Gasoline Stocks (Bbl)236.172M234.156MMed Distillate Stocks (Bbl)133.465M132.638MMed Total Prod Supplied, Net Chg (Bbl/day)-0.351M+0.137MMed Refinery Usage88.8%88.4%88.8%Med Total Prod Supplied (Bbl/day)19.823M19.96M
Calendar event / Tuesday at 20:30 GMT
US API Weekly Statistical BulletinpreviousforecastactualMed Crude Stocks, Net Chg (Bbls)+9.7M-2.1MMed Gasoline Stocks, Net Chg (Bbls)+3.4M-3.4MMed Distillate Stocks, Net Chg (Bbls)-3.5M-0.2M
Squawk / Tuesday at 5:39 GMTGBPUSD and FTSE 100 views with UK Employment report in focus
As global equity markets have stabilised from the end of last week after their recent aggressive selloffs, the focus returns to the data, with the spotlight today on the UK Employment report.
Key to watch for Tuesday will be the Average Earnings data, for signs of a labour market that is continuing to tighten and its potential impact on inflation.
Despite the focus on the data, this is still with the backdrop of the looming EU Brexit summit on Wednesday, with pre-negotiations not going positively.
Here we look at the technical sets ups in FX for the GBPUSD currency rate and in the equity space, the FTSE 100.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/gbpusd-and-ftse-100-views-with-uk-employment-report-in-focus/
Squawk / Monday at 17:51 GMTEURUSD and GBPUSD in a Temporary Consolidation by Gregor Horvat
EURUSD can be counted in five waves from 1.1430 low so more upside can be coming after a three wave set-back which is still underway. Ideally there will be an a-b-c set-back into 1.1500 area where bounce may show up this week.
See the full article here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/eurusd-and-gbpusd-in-a-temporary-consolidation/
Squawk / Monday at 5:01 GMTIntroduction to 4th Dimension by Trading Time on GBPUSD (Cable) by Shaun Downey
The first of a new series of video analysis by Shaun Downey using his unique methods that concentrate on Support and Resistance and the patterns associated with them, from his book New Methods in Technical Analysis.
This first video gives a brief insight into his methods and uses the current set up in the British Pound as an example.
See the very informative video introduction here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/introduction-to-4th-dimension-by-trading-time-on-gbpusd-cable/
Squawk / Monday at 4:56 GMTUSDJPY trying to base equities extend bear move lower
A slight stabilising of global equity markets on Friday, led by Asia and reinforced through the European and US sessions has indicated a potential for very near-term bases and a very short-term conclusion to the recent bear moves.
This has eased the aggressive risk off scenario that has plagued markets over the past week.
The risk off phase has encouraged a stronger Japanese Yen given tis traditional safe haven status, pushing USDJPY notably lower.
However, given the short-term bottoming efforts by equity markets, the immediate risk for USDJPY is shifting to the upside.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/usdjpy-trying-to-base-equities-extend-bear-move-lower/
Calendar event / 11 October 2018 at 15:00 GMT
US EIA Weekly Petroleum Status ReportpreviousforecastactualHigh Crude Oil Stocks, Net Chg (Bbl)+7.975M+1.5M+5.987MHigh Gasoline Stocks, Net Chg (Bbl)-0.459M+0.2M+0.951MHigh Distillate Stocks, Net Chg (Bbl)-1.75M-1.7M-2.666MMed Crude Oil Stocks (Bbl)403.964M409.951MMed Distillate Stocks (Bbl)136.131M133.465MMed Gasoline Stocks (Bbl)235.221M236.172MMed Total Prod Supplied (Bbl/day)20.174M19.823MMed Total Prod Supplied, Net Chg (Bbl/day)+0.175M-0.351MMed Refinery Usage90.4%89.9%88.8%
Squawk / 05 October 2018 at 9:14 GMTS&P 500 and USDJPY downside threats into US Employment report
Today, Friday 5th October sees the release of the September Employment report from the US.
Given the recent, early October surge to higher yield across the US Treasury after a slightly more hawkish tone from Fed Chairman Jerome Powell, the Employment report will be much watch as usual, with particular focus on the inflationary pressures from wage growth and average hourly earnings.
The S&P 500 future reversed on Thursday below a key up trend line from the summer and also completed a small technical Double Top pattern, which skews risks lower into Friday’s report.
For USDJPY, a setback from below key resistance at 114.73 sees the threat to support levels and maybe a more negative technical picture.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/sp-500-and-usdjpy-downside-threats-into-us-employment-report/
Calendar event / 05 October 2018 at 6:00 GMT
Squawk / 04 October 2018 at 8:43 GMTfor live trading signals for forex and commodities, one can ask us at our whatsapp +91 7799061547
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