Welcome to the regular summary of the most important events that interested us during the last trading week.
Inflation in the euro area continues to rise sharply.
For the third time, the unemployment rate in the UK is showing us stable results.
In the first half of the week we could see data on Canadian inflation, which remains high and the market expects a 75bp rate hike at the next Bank of Canada meeting.
Probably the most important event last week was the RBNZ meeting, where the central bank raised rates by 50 basis points.
In the current trading week we will be interested in incoming data from the UK, US and Eurozone
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Welcome to our regular recap of the most important events of the past week and the outlook for the current one.
The second week of August was very modest in terms of fundamentals. Still, we watched some interesting news worth remembering.
All eyes were on Wednesday's US inflation data.
The annual inflation rate in the US slowed more than expected to 8.5 % in July.
The Swiss unemployment rate thus reached 2 % in July 2022.
Last Wednesday, we also got the latest inflation figures for our country, where we again recorded higher numbers than last time.
The key for us will be Wednesday's Reserve Bank of New Zealand meeting, where the central bank is expected to raise interest rates by 50 basis points. That is, to 3 %.
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Welcome to the first August recap of the most important events we followed last week.
It was really busy and apart from the classic data we were also expecting three central bank meetings.
Let's see how it turned out.
During the last trading week, we had data coming in from the euro area that didn't come out so brightly.
The Bank of England raised rates by 50 basis points at its Thursday meeting, as the market had expected.
America offered us similar PMI and labour market data last week.
The services sector signalled its sharpest decline since May 2020 and the unemployment rate fell in July to its lowest level since February 2020.
Earlier last week, the Reserve Bank of Australia held its monetary policy meeting and also raised rates by 50bp, as expected.
The CNB left rates unchanged.
This week will be much poorer.
We can expect most of the incoming data to come from the US and the UK, with the latest US inflation numbers and Friday's GDP from the UK due on Wednesday.
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Last trading week offered us some interesting data worth noting.
This week we expect volatility in the markets again through the central bank meetings.
We didn't get much out of the Eurozone last trading week. It was more interesting at the end of the week when we got the latest GDP and CPI/inflation data.
On Wednesday, we watched the monetary policy meeting of the Fed, which is estimated to have raised rates by 75 basis points.
TIP: Watch the Fed press conference
On Tuesday, the Bank of Japan published the minutes of its last monetary policy meeting in July, at which it again left rates unchanged.
The current trading week is going to be a bit more varied again. Central banks will again be in our focus.
Tuesday: Reserve bank of Australia
Thursday: Bank of Englad, Czech National Bank
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Image source: https://www.federalreserve.gov/aboutthefed/aroundtheboard/history-buildings.htm
Last trading week offered us a lot.
Let's see together what interesting things happened and what surprised us!
The last trading week offered us appropriate volatility on the euro.
In the afternoon, the ECB decided at its monetary policy meeting to raise the base rate from 0 % to 0.5 %.
On Tuesday, we focused our attention on the labour market numbers. The July unemployment rate held steady and remains at near its lowest level.
Canada offered us inflation and retail sales data in the second half of last week, which turned out to be positive.
The monetary policy meeting of the Bank of Japan shows that the central bank still wants to keep monetary policy extra loose.
The current trading week will offer us a little less.
Our attention will be focused on Wednesday's Fed meeting, where a 75 bps rate hike is expected, accompanied by the FOMC press conference.
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Welcome to our regular Monday recap of what happened in the last trading week, which brought a number of interesting things.
In the middle of the week came the latest UK GDP data. The UK economy unexpectedly grew by 0.5 % month-on-month in May 2022, recovering from a 0.2 % contraction in April and beating market estimates.
On Thursday we could see an interesting "natural phenomenon" on the EUR/USD currency pair, where a currency parity was created, i.e. that 1 EUR = 1 USD. This parity last occurred in December 2002.
The Bank of Canada surprised the markets on Wednesday by raising its key interest rate by one percentage point (100 bp).
HINT: the full statement can be found here:
https://www.bankofcanada.ca/2022/07/fad-press-release-2022-07-13/
The Reserve Bank of New Zealand also raised rates on Wednesday by 50 basis points, as expected.
The Bank of Japan will meet at 5:00 on Thursday to decide on the current monetary policy settings.
The European Central Bank will also meet on the same day at 14:15, where we expect a 25 basis point rate hike.
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Welcome to our regular Monday recap and outlook.
There were some interesting events last week that you should not miss.
So read on to keep up to date.
Last week we saw some interesting data from the euro area that are worth noting.
Wednesday's retail services in the euro area showed that spending on food and tobacco products fell for the second month in a row, due to a sharp rise in prices.
We have seen some interesting things from the UK in the last week. The main event of the week was the resignation of British Prime Minister Boris Johnson after more than 50 MPs left the government.
The US unemployment rate was unchanged at 3.6 % in June 2022, the same as in the previous three months.
At its meeting on Tuesday, the Reserve Bank of Australia confirmed market expectations and raised the base rate by 50 basis points.
Apart from the data coming out of the UK (GDP) and the Australian labour market during the week, we will pay attention to the markets especially on Wednesday, when we should see two rate hikes
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Image source: www.bloomberg.com (photographer: Niklas Halle'n)
Welcome to our regular Monday roundup of the more uninteresting events we focused on in the last trading week.
Last week, the European Central Bank Forum on Central Banking 2022. We focused our attention mainly on Wednesday's panel, where 3 central bank representatives spoke:
Andrew Bailey - BOE Governor, Christine Lagarde - ECB President, Jerome Powell - Fed Chairman.
Here you will find the record:
The slowdown in UK manufacturing continues to be reflected in output growth approaching stagnation and new orders falling.
May retail sales in Australia grew by 0.9 %, the same as those in April. This beat market estimates, which were more in the region of 0.4 %. This was the fifth consecutive month of growth
We also saw retail sales from Switzerland. They fell by 1.6 % year-on-year.
Apart from the fact that today is a holiday in the US, we will focus our attention on Tuesday's meeting of the Reserve Bank of Australia, where a 50bp rate hike is expected.
A day later, on Wednesday, we will be interested in the US FOMC minutes, which will offer the FOMC's stance on monetary policy.
Follow our group to stay up to date!
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Welcome to Monday's recap of what was interesting in the last trading week, and what we'll be focusing our attention on this week.
The CNB surprised the markets! Perhaps for the last time...
Read on to find out more!
At the end of the week, we got the latest global manufacturing PMI (Purchasing Managers' Index) data, which came in even worse than expected.
Over the past week we have been receiving a number of interesting figures, mostly relating to UK inflation and retail sales.
Consumer inflation increased by 0.7 %. This continues to confirm stronger price pressures. There is nothing here to distract the BOE from further and more persistent policy tightening.
On Wednesday and Friday, Fed Chairman Jerome Powell testified before the Economic Committee in Washington about the economic outlook and recent monetary policy actions.
The most interesting event of last week was the Czech National Bank's interest rate decision.
It surprisingly raised the rate by 125 basis points on Wednesday afternoon.
This week we turn our attention to Wednesday and Thursday's GDP data coming out of the US, UK and Canada.
We can expect an onslaught of speeches by central bank speakers throughout the week or so, who will be in the spotlight.
Follow our telegram group to stay up to date!
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Time passes like water and we realized that it has been more than a year since we decided to launch our educational project under the brand F.X.C.G. Education.
First of all, let us thank you on behalf of our entire team for your trust and cooperation. You have given us constructive feedbacks throughout the whole time and have shown us daily that we are on the right track.
The result of our work together is an ever-expanding group of students, among whom more and more more full-time traders and numbers obtained by informed accounts at companies such as FTMO.
Working with you fulfills us and your successes drive us forward. It's nice to see your progressive journey that we can be a part of. That's why we decided to summarize what we've done recently and what new things we are currently working on. You can enjoy. It's going to be a blast!
Every one of our students has already experienced that the first building block of our long-term cooperation is the completion of 3 levels of our courses, which we have brought to the necessary level so that the student who has passed them is ready to responsibly take care of his capital on the FX market.
We've simplified the learning process for you by taking much of the face-to-face training online so you can get the information you need from the comfort of your own home. This has also allowed us to consolidate the knowledge of our students into face-to-face courses, which is much more efficient and gives us more time to focus on individual issues.
News for you preparing the next chapters to online coursesthat you will find useful. We want to focus more on the real trades chapter, where we will share trades and their management back to you to make the learning process a bit more efficient again.
We are often asked if it is possible to attend a personal course more than once. We understand that becoming a profitable trader is a long journey and we have good news for you. Soon we will give you the opportunity to repeat our courses! Follow us to be informed about the next dates. Our full-time traders will be available to consult with you on your progress during the refresher courses.
We place great emphasis on long-term cooperation. That's why this year we've selected the very best of our long-term students to help us shape our vision and look after your needs.
Here we present them to you: Daniel Machovský, Jakub Milčák and Tomáš Babušík.
It is a great pleasure to have these students participate in our personal VICI courses and to pass on their experience and insights on trading to you.
Fundamental analysis has long been seen as an often overlooked part of trading among students. That is why we have responded to your request and created a telegram group that deals purely with fundamental market analysis.
By being a member of this group you receive hot news, what is currently happening in the world, and projections of the likely impact on markets. regular Monday summary of what happened in the last trading week and what we're currently looking at.
It usually takes a couple of hours a day to go through the individual reports and fundamentals. That's why we're glad we can save you time so you can do what you enjoy and still be fully up to date!
The super bomb is that the students of the personal course VICI have this access for free!
We want you to do well. Every day we see your interest in progress and improvement. That's why we will soon offer you the opportunity to a personal mentorwho will walk with you through the journey from the very beginning of trading all the way to getting a funded account or managing your own capital!
We are team players and a group of friends who share similar values and interests. That's why we go on holidays together and participate in interesting and fun events with our partners.
One of them is the guys from the company Držvolantwho teach us to drift and help us improve our skills with racing cars. And because we love supersports and it's our hobby, we regularly use the guys from Držvolant for our events with students!
One of our big visions. We decided to build a stable and strong base for us where we can realize ourselves.
What's going on?
We are building a trading floor where we will share our luxurious space with the best traders from us, and you can be one of them! The entire area will be designed to efficiently and adequately meet the daily needs of a trader. In addition to the trading room, where our best students will be seated and have the opportunity to get their funded account from us, you will also find a gym and a relaxation room with gaming consoles and racing simulators.
Above all, it's about community!
Every day we will meet the best of our traders and monitor the markets together to maximize everyone's progress!
There is a lot of hard work behind us and a lot of work still to do.
You can look forward to all this exciting news and much more!
Thanks for your support!
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