FOREX Philippines Trading School

What is US debt ceiling?

The US debt ceiling is like a credit card limit for the government. It’s the maximum amount of money the government is allowed to borrow to pay for things it has already agreed to buy, like roads, schools, and hospitals. Just like how you can’t spend more than your credit card limit, the government can’t borrow more than its debt ceiling.

Sometimes, the government spends more money than it has, so it needs to borrow more. When this happens, Congress can vote to raise the debt ceiling so the government can borrow more money. It’s like asking your parents to increase your allowance so you can buy more toys. But if the debt ceiling isn’t raised, the government might not be able to pay for everything it promised, and that could cause big problems.

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What is non-farm payroll?

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By Skilling Commentary:

In July, the ECB increased key interest rates by 0.5%. The latest Eurozone inflation data remains elevated at 9.1% which adds some pressure on the European Central Bank (ECB) to go “big” on September 8th.

The analysts at big banks including Bank of America, Goldman Sachs, and Swiss giant Credit Suisse have recently upped their forecast that the ECB will go for a 0.75% hike on Thursday.

Week Ahead by Skilling:

Does the ECB have a case for a 0.75% rate hike?

🗓️ Upcoming Economic Events:

➡️Monday - UK services PMI

➡️Tuesday - Reserve bank of Australia (RBA) interest rate decision

➡️Wednesday - United States balance of trade

➡️Thursday - European Central Bank (ECB) interest rate decision

➡️Friday - Canada's unemployment rate

Update By Economies:

The USDJPY pair shows sideways trades since yesterday, and stochastic begins to get rid of its negative momentum, waiting to get positive momentum that assists to push the price to resume the bullish wave that targets 139.40 as the next station. The pair shows sideways trades since yesterday and begins to get rid of its negative momentum.

Therefore, the bullish trend scenario will remain valid and active for the upcoming period as long as 137.70 remains intact, noting that the EMA50 continues to support the expected rise.



The expected trading range for today is between 138.00 support and 139.40 resistance.

Week Ahead By Skilling:

Messy US jobs data to keep volatility elevated?

🗓️ Upcoming Economic Events:

➡️Monday - Australian retail sales; Dallas FED and Japan unemployment

➡️Tuesday - US JOLTs Job Openings for July

➡️Wednesday - Euro area inflation rate and US ADP employment data

➡️Thursday - Euro area unemployment and US ISM manufacturing

➡️Friday - US Non-Farm Payrolls (August)

FXPH Trading School

Flash Update By Skilling:
USD HAWKISH AHEAD OF POWELL SPEECH

Traders and investors around the world will be focusing on US Federal Reserve Chairman Jerome Powell’s keynote speech today, Friday, August 26, at this year's Jackson Hole economic symposium. Will his speech move markets?

Here are some speculative thoughts on what traders and investors should expect:

- He is unlikely to offer any major signals that the US FED will make any major changes to monetary policy.

- He might repeat that “slower” rate hikes could be “appropriate” but he most likely will not say when and instead use the phrase “at some point”.

- The most likely tone of the speech will be biased toward a higher inflation outlook and higher interest rates, so traders and investors should expect a hawkish tone.

Hi Everyone! We are conducting a free webinar on Aug 27 (SATURDAY) at 3PM for beginners who wanted to be exposed to Financial Markets specifically in Forex trading and for those who wanted to scale up their practice as retail traders!

Here’s your opportunity to see the potential in Global markets that could definitely change you and your lifestyle!

For registration, you can access the link: https://forms.gle/cN4eiKiFgTwuGZdh7

The webinar is via Zoom.

See you, traders!
FXPH

FXPH wishes you a happy merry Christmas Traders! :)

Start trading S&P 500 for a min. of 2,500 pesos capital only.
Fund & Withdraw thru GCASH or COINS.PH

Yes we hear you! Pwede ka na magtrade sa mababang halaga ng capital. Para sa mga gusto sumubok at walang malaking Capital, ito na ang pagkakataon mo para magkapag try mag trade. If natatakot ka naman magsimula ng malaking halaga, ito subukan mo for testing waters.
Again ang trading ay isang NEGOSYO at hindi mo dapat ito subukan kung ikaw ay wala pang ganong nalalaman sa tarding. If you like to study trading we have a free module and series of videos about trading. Our free master class series is specially created for beginners. Check the links below.

REGISTRATION:
Click here to register: https://skilling.com/...
Watch our Guide to register: https://youtu.be/9Ly6FQA1zY4

INFORMATION:
FXPH has a new broker in town, Skilling. A Scandinavian-owned fintech company, based in three locations – Cyprus, Malta, and Spain. With a proprietary platform called Skilling Trader. You can also trade with the MT4 platform. Skilling offers Forex, Stocks and Crypto, and over 800+ CFDs instruments to trade with super tight spreads of 0 - 0.1 pips per trade with ex*****on speed from 5ms.

PROMO:
1. $100 bonus for $100 initial capital.
2. TradingView Pro Free subscriptions with a minimum deposit of $250.
LEGALITIES:

Broker's legalities check here: https://support.skilling.com/.../360015880040-General...
For Philippine legal information check here: https://www.youtube.com/watch?v=4eSNz7s9rKA&t=392s

Licensed and Regulated:
Skilling Ltd. - CySec ( CIF license no. 357/18 )
Financial Conduct Authority ( FCA ) under reference no. (FRN) 810951.
Skilling ( Seychelles ) Ltd. - Financial Services Authority ( FSA ) under license no. SD042.

FOR EDUCATION PURPOSES:
FXPH has Free Master Class Series that you can access via Youtube. Just click here: https://www.youtube.com/watch?v=ociqr7b3NwA..

Upcoming events:

Week ahead by Skilling:

Last week didn’t see much in the way of fresh catalysts. We started out with a broadly stronger dollar and choppier action in major US equities.

US Indices resumed their march higher and some dollar selling came in on Wednesday, albeit with little follow through.
Tricky times in FX too.

Fundamentally, there seem to be few reasons to bet against the dollar, although the rally is looking stretched from a technical perspective.

Key data points this week are the Flash PMI’s. We’ll be looking for signs of supply chains and new orders normalizing & if the transition from goods to services activity is continuing. Plus:

- RBNZ Interest Rate Decision
- German IFO Business Confidence & GfK Consumer Confidence
- US Durable Goods Orders
- Core PCE Inflation & FOMC Minutes

We offer free master class series.
Visit: www.fxphtradingschool.com

FXPH Trading School