Trading Strategy

What is it? It's among the primary tools the RBA Reserve Bank Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

Usual Effect: If the statement is more aggressive than expected, you can expect the AUD to rise.

When? October 6^th at 11:30pm Eastern Time.

Trading Tip: The announcement can greatly affect the AUD, make sure to make your trade before.

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US stocks were rising as a result of the NFP data on Friday. The data was better than expected and showed that 236,000 jobs were created during the past month. In addition to positive payroll data the Unemployment rate also declined to its lowest level since 2008.

This also affected the Asian market, which rose as well during the day.

Disappointing data from Germany supported the slowdown in the European economy. This further drove speculation that the European Central Bank will need to act to boost the economy and avoid the risk of deflation.

Gold sharply declined after the labor data from the US was released. The metal trades inversely to the Dollar and the Dollar’s rise on Friday pushed Gold down to a 15 month low. Further declines were seen as stocks were also boosted and equities act as an alternative investment to the commodity. 

Trading Tip: As the price of Gold is so low, we could see an increase in physical demand. But with no key daya being released today, it is most likely that we will see the asset trading badly.

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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1) HP Splitting

It looks like Hewlett-Packard's (HPQ, Tech30) stock is about to soar Monday after reports that the company is looking to split itself up.

The Wall Street Journal cited unnamed sources who said the company would separate its PC and printer operations from its corporate software and services business. The official HP announcement could come as soon as Monday, it said.

Shares in the firm were rising by 6% premarket.

 2) Merger on Monday

Two healthcare companies have announced a $12.2 billion takeover deal.

Medical technology firm Becton, Dickinson and Co (BDX) is taking over CareFusion (CFN) in a cash and stock deal that values CareFusion shares at $58 each.

CareFusion's stock was rising by 25% premarket to hover just below the $58 mark.

3) Fear Doesn’t Stop Investors

Investors are still feeling fearful after a rough month, yet US stock are getting higher.

Asian markets ended with mixed results, though Chinese stocks were mostly positive.

The positive mood continued in Europe in early trading, despite more gloomy economic data from Germany and the Eurozone. 

4) Friday Summary

US stocks rebounded Friday as a result of the strong jobs report. The Dow Jones industrial average gained 208 points, although it still had a down week. The S&P 500 and the Nasdaq both rose more than 1%.

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What is it? It checks the interest rate charged on overnight loans.

Short term interest rates are the most important factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

Usual Effect: If the actual number is bigger than the forecast, you can expect the AUD to rise.

When? October 6^th at 11:30pm Eastern Time.

Trading Tip: The announcement can greatly affect the AUD, make sure to make your trade before.

Talk to us to get get FREE signals and start earning now: 

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Gold's Downfall

US Dollar is Doing Great

Ivey PMI - 6/10

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What is it? It checks the level of a diffusion index based on surveyed manufacturers, builders, wholesalers, retailers, and service providers.

It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

Usual Effect: If the actual number is bigger than the forecast, you can expect the NZD to rise.

When? October 6^th at 5:00pm Eastern Time.

Trading Tip: The announcement can greatly affect the NZD, make sure to make your trade before.

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Other top stories: 

US Dollar is Doing Great

Ivey PMI - 6/10

Unemployment Down - Stocks Up

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What is it? It checks the level of a diffusion index based on surveyed purchasing managers.

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

Usual Effect: If the actual number is bigger than the forecast, you can expect the CAD to rise.

When? October 6^th at 10:00am Eastern Time.

Trading Tip: The announcement can greatly affect the CAD, make sure to make your trade before.

Talk to us to get get FREE signals and start earning now: 

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Unemployment Down - Stocks Up

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