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  • China to take backseat as investors focus on the Fed | CMC Markets Ireland
    be closely scrutinised for any evidence of concern about weakness in the US economy in light of some of the softness in recent US data Some positive signs did come out of last week with strong rebounds in the basic resource sector as the FTSE350 mining index managed to close higher for the third week in succession as commodity prices continued to show signs of stabilisation with strong gains for copper iron ore silver platinum and gold prices Oil prices continue to show evidence that they may have seen a short term base having posted higher lows for three weeks in succession largely due to a weaker US dollar than any optimism that we ll get some form of deal between oil producers to cut production despite a weekend meeting between Saudi and Venezuelan officials CMC Markets is an execution only service provider The material whether or not it states any opinions is for general information purposes only and does not take into account your personal circumstances or objectives Nothing in this material is or should be considered to be financial investment or other advice on which reliance should be placed No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment security transaction or investment strategy is suitable for any specific person Sub menu Latest Blogs Oil truce sends WTI lower while stocks continue to recover North American traders return to oil production truce and fading China fears UK inflation in focus after McCafferty U Turn Stocks and oil rebound as positive news rebuilds confidence What s up with Yellen Gold and JPY today Open a live account Free demo account Losses can exceed your deposits Dublin Trader Network This forum event will be hosted by our Chief Market Analyst Michael Hewson and guest speaker Paul Wallace in the Gresham Hotel Dublin Register now UK inflation in focus after McCafferty U Turn Posted 16 02 2016 05 40 by Michael Hewson Read more Further reading Facebook how low can it go Relevant links US Earnings Season Getting started Trading costs Getting started Advantages of CFDs Trading from charts Spread betting for the CFD trading for the new Service designed for Client support and Trading costs Already CFD trading Follow Us Close Spread bets and Contracts for Difference CFDs are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you Losses can exceed your deposits and you may be required to make further payments These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice Back to top Spread betting CFD trading Forex Trading platforms Range of markets News and Analysis Education About CMC Legal Spread betting Why spread bet with CMC Markets Spread betting costs What is spread betting Platform Advanced Charting News and Analysis Executing a Trade About us Client money PR News and Analysis CMC Markets UK plc 39 40 Upper Mount

    Original URL path: http://www.cmcmarkets.ie/en/blog/2016/02/08/china-take-backseat-investors-focus-fed (2016-02-17)
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  • What currency wars? Dollar Breaks Support | CMC Markets Ireland
    conditions in construction health and domestic retail The concern is that the weaker services PMI is pointing to further softening Through all this job growth continues to be good and this is the bottom line for the Fed In summary manufacturing is weak and growth in consumer spending has been sluggish The concern is that weakening growth in services could see all this flow through to a softer job market As usual market is going to be very focussed on these numbers especially tonight s jobs data US Dollar Index Chart This index tracks the US Dollar against a basket of 6 currencies The Euro has the biggest weighting and currently makes up 58 of the index The Yen Pound and Canadian Dollar make up most of the rest accounting for 35 In the big picture this index has traded within a broad sideways range since March last year It neatly respected the top of the range when it peaked in December Having done that typical trading range behaviour could see it return to the bottom of the range around 3 below current levels The break below short term support sees the Index back in the vicinity of the 200 day moving average and an AB CD level It s possible this could provide support A good Non Farm Payroll number might do the trick That said there is plenty of downward momentum at the moment The last 2 days have produced large red candles Unless the index starts to reject this support it s a falling knife that may not want to try and catch A clear move below current support the Dollar could see it on track for a test of the major support In that scenario a break below the major support is by no means out of the question At this stage near term rallies are probably best viewed as minor corrections in the big picture That would only change if the Dollar Index can get above its March and December 2015 highs Sub menu Latest Blogs Oil truce sends WTI lower while stocks continue to recover North American traders return to oil production truce and fading China fears UK inflation in focus after McCafferty U Turn Stocks and oil rebound as positive news rebuilds confidence What s up with Yellen Gold and JPY today Open a live account Free demo account Losses can exceed your deposits Dublin Trader Network This forum event will be hosted by our Chief Market Analyst Michael Hewson and guest speaker Paul Wallace in the Gresham Hotel Dublin Register now UK inflation in focus after McCafferty U Turn Posted 16 02 2016 05 40 by Michael Hewson Read more Close Spread bets and Contracts for Difference CFDs are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you Losses can exceed your deposits and you may be required to make further payments These products may not be suitable for all clients therefore

    Original URL path: http://www.cmcmarkets.ie/en/blog/2016/02/05/what-currency-wars-dollar-breaks-support (2016-02-17)
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  • When Giants Clash – EUR/JPY | CMC Markets Ireland
    focus after McCafferty U Turn Posted 16 02 2016 05 40 by Michael Hewson Read more Close Spread bets and Contracts for Difference CFDs are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you Losses can exceed your deposits and you may be required to make further payments These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice Back to top Spread betting CFD trading Forex Trading platforms Range of markets News and Analysis Education About CMC Legal Spread betting Why spread bet with CMC Markets Spread betting costs What is spread betting Platform Advanced Charting News and Analysis Executing a Trade About us Client money PR News and Analysis CMC Markets UK plc 39 40 Upper Mount Street Dublin 2 Dublin Ireland T 353 0 1 256 3000 F 353 0 1 256 3099 info cmcmarkets ie Spread bets and Contracts for Difference CFDs are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you Losses can exceed your deposits and you may be required to make further payments These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice Awarded Best Platform Features for Spread Betting and CFD trading in the Investment Trends 2013 UK Leveraged Trading Report based on highest user satisfaction amongst spread betters and CFD traders Binary products including Countdowns carry a level of risk to your capital as you could lose all of your investment These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice Invest only what you can afford to lose CMC Markets UK plc 173730 and

    Original URL path: http://www.cmcmarkets.ie/en/blog/2016/02/05/when-giants-clash-%E2%80%93-eur/jpy (2016-02-17)
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  • Technology Earnings preview week of February 8 DIS, TWTR, TSLA | CMC Markets Ireland
    turn it around like Facebook did after its rocky start as a public company if Twitter s star could continue to fall like Groupon or if it could attract takeover offers from bargain hunters Tesla Motors Feb 10 AMC Street 0 10 growth Sales 1 824M 66 4 growth Forward P E 209 5 Much of the potential growth for Tesla comes from the company transitioning electric autonomous driving vehicles from the niche luxury space into mass production This transition is happening slower than hoped and leaves the company open to competition from the likes of Apple Google and the traditional automakers The announcement of a slower than expected number of deliveries of its new SUV the Model X in the fourth quarter implies full year 2015 deliveries at the low end of Tesla s full year guidance of 50 000 52 000 units As a higher margin model slower Model X production could also weigh on earnings The chart below shows the share price near a long term support zone between 180 and 195 If the company can surprise with higher deliveries especially of the Model X it could support a rise back towards 240 Worse than expected deliveries could see 180 eventually break and prompt a sharp decline towards 150 Weekly candlestick chart for Tesla Source CMC Markets 26 1 2016 About CMC Markets CMC Markets is Canada s leading online CFD provider and was the first company in the world to offer online FX trading With offices in Toronto CMC Markets has been offering CFDs and FX to Canadian traders since 2005 Since Peter Cruddas founded CMC Markets in 1989 the company now services more than 80 000 clients worldwide who placed approximately 30 million trades last year For more information on CMC Markets visit This commentary is based upon technical analysis Technical analysis does not consider any of the fundamentals of an underlying company and as such is inherently uncertain and should not be the only factor considered by an investor in making an investment decision CMC Markets Canada Inc is a member of the Investment Industry Regulatory Organization of Canada and Member Canadian Investor Protection Fund Membre Fonds canadien de protection des épargnants CFDs are distributed in Canada by CMC Markets Canada Inc dealer and agent of CMC Markets UK plc Trading CFDs and FX involves a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts CMC Markets is an execution only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities CFD and FX trading is available in jurisdictions in which CMC is registered or exempt from registration and in Alberta is available to Accredited Investors only CMC Markets is an execution only service provider The material whether or not it states any opinions is for general information purposes only and does not take into account your personal circumstances or objectives Nothing in this material

    Original URL path: http://www.cmcmarkets.ie/en/blog/2016/02/05/technology-earnings-preview-week-february-8-dis-twtr-tsla (2016-02-17)
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  • US nonfarm payrolls and canada jobs preview | CMC Markets Ireland
    keep the easy money party going but would also suggest a weak economy and weak prospects for corporate earnings A strong report would confirm the end of the liquidity party but indicate better prospects for companies Because of this we could see significant swings in both directions after the report regardless of what happens while traders figure out what to make of it For Canada the street is expecting a 6K increase after a 22K jump last month I think we ll see a retrenchment in part time and a bounce in full time with the new year for a 15K increase overall It would likely take a really negative result or a big drop in oil sending WTI back under 30 to derail this week s recovery trend in CAD and Canadian stocks Corporate News Symantec 0 26 vs street 0 24 500M strategic investment from Silver Lake 4 00 per share special dividend Economic News Significant announcements released overnight include Australia construction PMI 46 3 vs previous 46 8 Australia retail sales 0 0 vs street 0 4 Japan leading index 102 0 vs street 102 7 Germany factory orders 2 7 vs street 1 4 Sweden industrial production 0 3 vs street 3 5 Norway industrial production 2 0 vs previous 1 8 Upcoming significant announcements include 8 30 am EST US nonfarm payrolls street 190K vs previous 292K 8 30 am EST US private payrolls street 180K vs previous 275K 8 30 am EST US unemployment rate street 5 0 8 30 am EST US participation rate previous 62 6 8 30 am EST US average hourly earnings street 2 2 vs previous 2 5 8 30 am EST Canada employment net change street 6K vs previous 22K 8 30 am EST Canada full time jobs previous 6K 8 30 am EST Canada part time jobs previous 29K 8 30 am EST Canada unemployment rate street 7 1 8 30 am EST Canada trade balance street 2 2B 8 30 am EST US trade balance street 43 2B 10 00 am EST Canada Ivey PMI street 49 5 vs previous 49 9 1 00 pm EST US Baker Hughes drill rig count previous 619 CMC Markets is an execution only service provider The material whether or not it states any opinions is for general information purposes only and does not take into account your personal circumstances or objectives Nothing in this material is or should be considered to be financial investment or other advice on which reliance should be placed No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment security transaction or investment strategy is suitable for any specific person Sub menu Latest Blogs Oil truce sends WTI lower while stocks continue to recover North American traders return to oil production truce and fading China fears UK inflation in focus after McCafferty U Turn Stocks and oil rebound as positive news rebuilds confidence What s up

    Original URL path: http://www.cmcmarkets.ie/en/blog/2016/02/05/us-nonfarm-payrolls-and-canada-jobs-preview (2016-02-17)
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  • US payrolls could deliver a knockout blow to the US dollar | CMC Markets Ireland
    year is not expected to be any different with a number of 190k expected down from the 292k seen in December The November and December numbers tend to get boosted by seasonal hiring factors which is then followed by a sharp drop off in January Such is the sharpness of the US dollar sell off seen in the last couple of days a poor jobs number of anywhere near or below 150k could well tip the greenback over the edge and send it even lower particularly if we also get weak wage growth numbers as well EURUSD the euro continues to make gains above the 200 day MA at 1 1050 hitting the 1 1200 target and with the potential to move towards the 1 1400 level We need to stay above the 100 day MA at 1 0970 to keep the upward momentum intact GBPUSD the pound continues to look strong pushing above the 1 4600 level with the potential to return to the 1 4800 area For now pullbacks look set to find support at the 1 4480 level having found a firmer base down at the 1 4220 30 area EURGBP we appear to have found some support at the 0 7520 area and while above here the risk remains for a move back towards the recent highs at the 0 7755 level A move through this level could well see a return to the 200 week MA at 0 7945 USDJPY the downside appears to be looking vulnerable with the 116 00 area a key support level We need to get back through the 118 20 level to stabilise or run the risk of a deeper move towards 114 00 CMC Markets is an execution only service provider The material whether or not it states any opinions is for general information purposes only and does not take into account your personal circumstances or objectives Nothing in this material is or should be considered to be financial investment or other advice on which reliance should be placed No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment security transaction or investment strategy is suitable for any specific person Sub menu Latest Blogs Oil truce sends WTI lower while stocks continue to recover North American traders return to oil production truce and fading China fears UK inflation in focus after McCafferty U Turn Stocks and oil rebound as positive news rebuilds confidence What s up with Yellen Gold and JPY today Open a live account Free demo account Losses can exceed your deposits Dublin Trader Network This forum event will be hosted by our Chief Market Analyst Michael Hewson and guest speaker Paul Wallace in the Gresham Hotel Dublin Register now UK inflation in focus after McCafferty U Turn Posted 16 02 2016 05 40 by Michael Hewson Read more Further reading US Earnings Season Preview Q3 2012 Q3 earnings season is now upon us bringing with it the

    Original URL path: http://www.cmcmarkets.ie/en/blog/2016/02/05/us-payrolls-could-deliver-knockout-blow-us-dollar (2016-02-17)
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  • USD keeps falling, gold soars, oil stumbles, indices mixed as traders await payrolls | CMC Markets Ireland
    started to rebound a bit on comments from Cleveland Fed President Mester who indicated her economic forecasts haven t changed and that the US economy will work its way through current turbulence echoing comments from Kansas City Fed President George earlier in the week With two factions emerging the March Fed meeting could be a contentious one which could keep markets active for some time Corporate News Symantec 0 26 vs street 0 24 500M strategic investment from Silver Lake 4 00 per share special dividend Economic News Significant announcements released overnight include UK BoE interest rate 0 50 no change as expected 9 0 vote vs 8 1 previously UK BoE QE target 375B no change expected 9 0 vote UK Halifax house prices 9 7 vs street 9 0 UK Bank of England inflation report Expectation of first rate hike pushed out to mid 2017 from recent consensus of mid 2016 2016 interest rate cut to 0 5 from 0 7 is no increase expected this year 2017 interest rate cut to 0 8 from 1 1 3 hikes to 1 maybe 2 max 2018 inteerst rate 1 1 2016 GDP cut to 2 2 from 2 5 2017 GDP cut to 2 4 from 2 7 2016 inflation cut to 1 1 from 1 5 2016 unemployment 4 8 US jobless claims 285K vs street 277K US factory orders 2 9 vs street 2 8 US durable goods final 5 0 vs street 4 5 and previous 5 1 US natural gas 152 BCF vs street 150 BCF Upcoming significant economic announcements include Note 11 30 am in Sydney Melbourne is currently 1 30 pm in Auckland 4 30 pm in Vancouver 7 30 pm in Toronto Montréal 12 30 am in London and 8 30 am in Singapore 9 30 am AEDT Australia construction PMI previous 46 8 11 30 am AEDT Australia retail sales street 0 4 11 30 am AEDT Australia RBA monetary policy statement 4 00 pm AEDT Japan leading index street 102 7 7 00 am GMT Germany factory orders street 1 4 8 30 am GMT Sweden industrial production street 3 5 9 00 am GMT Norway industrial production previous 1 8 8 30 am EST US nonfarm payrolls street 190K vs previous 292K 8 30 am EST US private payrolls street 180K vs previous 275K 8 30 am EST US unemployment rate street 5 0 8 30 am EST US participation rate previous 62 6 8 30 am EST US average hourly earnings street 2 2 vs previous 2 5 8 30 am EST Canada employment net change street 6K vs previous 22K 8 30 am EST Canada full time jobs previous 6K 8 30 am EST Canada part time jobs previous 29K 8 30 am EST Canada unemployment rate street 7 1 8 30 am EST Canada trade balance street 2 2B 8 30 am EST US trade balance street 43 2B 10 00 am EST Canada Ivey PMI

    Original URL path: http://www.cmcmarkets.ie/en/blog/2016/02/04/usd-keeps-falling-gold-soars-oil-stumbles-indices-mixed-traders-await-payrolls (2016-02-17)
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  • USD, Oil and Bank of England in focus | CMC Markets Ireland
    Crude oil received early support from talk out of Russia that it remains open to talking about stabilizing the market Rumours appeared in the afternoon that six OPEC and non OPEC countries have agreed to hold a meeting but there have been so many rumours and denials that I ll believe it when I see it and even then there s no guarantee participants will stick to their promises Still today s trading action in oil holding up near 32 00 on WTI after such a big move is encouraging technically The oil rally continues to have a positive impact on oil sensitive currencies with CAD and NOK topping the major league standings and RUB rallying as well With copper and gold also higher today we could see energy and mining stocks in Canada and the US attract significant attention from traders again Looking to today the big news is pretty much already out except for mid level reports like US jobless claims We still could see some intraday volatility should the bears mount a counter attack and if they can t would be a telling sign too or if the bulls decide to pause We may also see positioning through the day as traders prepare for tomorrow s US and Canada employment reports Corporate News Suncor Energy 0 02 vs street 0 09 ConocoPhillips 0 90 vs street 0 64 cuts dividend to 0 25 from 0 75 cuts capex to 7 7B from 6 4B BCE 0 72 as expected 5 dividend increase Harley Davidson 12 dividend increase Cummins 2 02 vs street 2 11 sales Economic News Significant announcements released overnight include UK BoE interest rate 0 50 no change as expected 9 0 vote vs 8 1 previously UK BoE QE target 375B no change expected 9 0 vote UK Bank of England inflation report Expectation of first rate hike pushed out to mid 2017 from recent consensus of mid 2016 2016 interest rate cut to 0 5 from 0 7 is no increase expected this year 2017 interest rate cut to 0 8 from 1 1 3 hikes to 1 maybe 2 max 2018 inteerst rate 1 1 2016 GDP cut to 2 2 from 2 5 2017 GDP cut to 2 4 from 2 7 2016 inflation cut to 1 1 from 1 5 2016 unemployment 4 8 Upcoming significant announcements include 8 30 am EST FOMC Kaplan speaking 8 30 am EST US jobless claims street 277K 10 00 am EST US factory orders street 2 8 10 00 am EST US durable goods final street 4 5 vs previous 5 1 10 30 am EST US natural gas street 154 BCF 5 00 pm EST US Mester speaking Sub menu Latest Blogs Oil truce sends WTI lower while stocks continue to recover North American traders return to oil production truce and fading China fears UK inflation in focus after McCafferty U Turn Stocks and oil rebound as positive news rebuilds confidence What

    Original URL path: http://www.cmcmarkets.ie/en/blog/2016/02/04/usd-oil-and-bank-england-focus (2016-02-17)
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