Wednesday, December 20, 2017

US Senate passes reform legislation

"Senate passes $1.5 trillion tax bill that will hugely benefit wealthiest Americans, including Trump"

The biggest overhaul of the US tax system in almost 30 years has been passed which has sparked widespread criticism as the bill will benefit the rich at the expense of the working classes. Democrats are calling it "the worst bill in history".

It has been announced that the legislation contained multiple violations of Senate rules and means the House must again pass the bill on Wednesday with those measures withdrawn before it can be signed into law by President Trump.

The package of tax cuts is targeted towards corporations, small businesses and individuals. Officials claim that the bill includes measures to boost economic, job growth and to increase wages although the American public is far from convinced of the benefits.

The markets were expected to surge by as much as 25% following the announcement but the S&P 500 was down around 0.3%, the Dow Jones Industrial Average fell 0.1% and the NASDAQ was down 0.5%.

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Christmas and New Year Holiday Trading Hours

Dear traders,

We would like to thank you for trading with Yadix and to update you with the scheduled market hours and office operating hours over the Christmas and New Year's period. Our Liquidity Providers have confirmed that the markets will shut down according to the times below:

Important Note: During the Holiday period the market has lower liquidity and clients may experience higher than normal spreads. In the event an underlying market closes or the liquidity available is deemed inadequate, the market for the affected instrument may close without warning.

Once again, we would like to wish you happy holidays and a prosperous 2018 and to thank you for your continued custom.

Best regards,

Alexandra Miller
Support Team
Yadix Forex Broker
Telephone: +44(0) 20 3239 6117

Thursday, December 7, 2017

Non Farm Payroll Alert

Dear Traders,

The U.S Non Farm Payrolls will be released Friday, 8th of December 2017 13:30 GMT which is a key economic indicator that can cause significant volatility in the markets.

What to Expect this Month:

The markets are convinced that the Fed will again raise interest rates before the end of the year, however employment statistics could be a factor to cause a Fed rethink.

The report is expected to show that the U.S. economy added 198K jobs in November, lower than the 261K in October but still indicates a growing labour market, However, average hourly earnings figures will be closely monitored as October's report returned 2.4% and there is an expectation for 2.6% (or higher) in November.

If we see poor statistics in the release, specifically fewer than 100K new jobs or unemployment rates less than 4.1% , the USD could experience some downside pressure and add doubt for an additional 2017 Fed interest rate hike.

A strong report of over 250K or unemployment rates below 4.0% could give the USD additional strength and add further weight to the expectation of another rate hike this year.

Opportunities Around the NFP Reports:

Regardless of the results of the Non Farm Payrolls, the markets always experience moves immediately after the release which offer traders excellent short-term trading opportunities. Positive or negative reports will affect market sentiment which can create new trends and trading opportunities.

Keep an eye on critical economical events and be a better trader with Yadix trading tools: