Rate hike will be data dependent – BOE’s Carney

06 August 2015, 15:02



FXStreet (Mumbai) - The Bank of England governor Mark Carney, in his press conference speech on Thursday, said the timing of the rate hike is appearing closer, but the decision to raise rates is data dependent.

Key Quotes

“Likely timing of the first rate rise is drawing closer, but will be data dependent.”

“UK exports to be held back by strength of Sterling, risk to activity from the Eurozone and China.”

“No evidence of a deflationary mindset. Private domestic demand robust and expected to remain so on account of boost in income due to lower energy prices and job gains.”

“The most striking development in the UK over the past year is fall in CPI - due to food and energy.”

Hope dis new cbn directive won't affect domicillary account holders especially in terms of bank wire

raycolz84:
Hope dis new cbn directive won't affect domicillary account holders especially in terms of bank wire

Not at all

and the London bridge tumbles down.....

Shevychen2:
Going through forexfactory and found two striking explorers...

http://www.forexfactory.com/dforexangel - This one is some badass EA. Imagine making 3,000 pips in less than 6 days with 98% accuracy!


http://www.forexfactory.com/bidemi12 - This one is a sad one.. It is owned by an old timer here that came back recently to tear up the house a bit before disappearing.

Go through them and think. What you learn from them is up to you.

Hmmm, from the little I think I know, whatever can give 3000pips in 6days can loose same in the blink of an eye. Just saying. . . .

sell eu now at 1.0882, take 30pips, rrr=1;1

FOREXMART:

first things first, is it a .ex4 file or .mq4 file? if it's an mq4 file then it's an old indicator and your mt4 is build 600 so it finds it hard to compile it. Solution: go to the folder, right click and click "open with" in the options select the old meta editor that has an exclamation mark. once it opens don't do anything to the code, just click "compile" now you will have an ex4 and mq4. Copy em back into the MQL4-Indicators folder in your mt4(access that through file-open data folder). If it's an indicator and not an ea or script it will work.

Thanks, It is mq4. I am following the steps now

stop loss on 20pips hit.

iheanyiebeneze:
sell eu now at 1.0882, take 30pips, rrr=1;1

FOREXMART:

Not at all

abeg eh uncle bros you sabi any broker wey kwarrect like forextime wey still dey gree wire dollar back to client account?

as fxtm policy don turn say na only naira dem go dey send to our bank, I wan take style dey find better broker wey go count my dollar give me as I give am.

all recommendations are welkom o una abeg

@ All, In 3hours time,
Make sure you sell eu at 1.0950 for a 50pips take profit. rrr=1;1.

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iheanyiebeneze:
@ All, In 3hours time,
Make sure you sell eu at 1.0950 for a 50pips take profit. rrr=1;1.

wish to send you a mail, whats ur email id pls

gbp jpy about to strike...

TODAY'S PROFIT 5USD

There is going to be some erratic market movements now because Investors are taking position on major pairs against NFP tomorrow.
Make sure you are on our side.

“CBN bans deposit into Domiciliary account“ What are effects of this on forex trading especially people that using Domiciliary Account? Thanks.

I deposit and withdraw via skrill, netteller, paypal , alertpay without problems
why are others finding it difficult to deposit

jorel1:
I deposit and withdraw via skrill, netteller, paypal , alertpay without problems
why are others finding it difficult to deposit

Are you a Nigerian or do u reside in Nigeria? If yes, how do you deposit and withdraw via skrill and paypal?

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EmmanuelD1st:
Are you a Nigerian or do u reside in Nigeria? If yes, how do you deposit and withdraw via skrill and paypal?

Easy, just register and submit passport + proof of residence(bank statement)

NFP today...

eu is nearing reversal region.

Price Action on gold and silver....

Market trade levels.

Cul4real:
“CBN bans deposit into Domiciliary account“ What are effects of this on forex trading especially people that using Domiciliary Account? Thanks.

Please I would like the house to throw more light on this
Cc; forexmart

Abeg experienced traders in the house. Because of the new cbn policy I would have to open an account with a nigerian based broker. Please reccomend very reliable and funds secure nigerian based brokers. Thanks

#GBPAUD , week ending bearish, probability next week tends bearish is 92.78%

Yes oh, pls more light please. Is my dom account useless now? Can I still fund my foreign trading account?

Cul4real:
“CBN bans deposit into Domiciliary account“ What are effects of this on forex trading especially people that using Domiciliary Account? Thanks.

Liquidity providers for Nigerian brokers > Access bank ,skye bank, Union bank ?

Not liquidity brokers. I mean forex brokers based in lagos

jorel1:
Liquidity providers for Nigerian brokers > Access bank ,skye bank, Union bank ?

ephisi:
Yes oh, pls more light please. Is my dom account useless now? Can I still fund my foreign trading account?

Here is an excerpt from the press release

''For foreign currency cash lodgments made prior to the date of this circular, the account holder has the option to either withdraw his or her foreign currency cash or the Naira equivalent. For the avoidance of doubt, only wire transfers to and from Domiciliary Accounts are henceforth permissible''

Haven't made any withdrawals since the press release, but what I make of it is, its either you get your dollar out or its naira equivalent. (if you withdraw via bank wire) remember the rationale behind it is excess dollars with the banks which is really worthless to them is cbn is not accepting it from them as readily as they did in time past. hence they are trying to reduce the worthless paper in their vaults.

Deposits?
Havent done this in a while but I think there should be a window if you ll be wiring out judging by this excerpt from same press release

''The CBN advises individuals that wish to source foreign currency for eligible and legitimate purposes such as BTA, PTA medical, mortgage, school fees, goods etc. to do so through recognized channels with the use of Form ‘A’ for “invisible” and Form ‘M’ for “visible” transactions.''

But you cant just go and deposit dollar for storage as a form of savings(polithievesians, yahoo boys), RENT (fake lekki and some abuja landlords)

All of these are subject to verification from your bank, but there is ALWAYS a LEGITIMATE way around these things, we are not fraudsters or involved in shady deals but professionals

Just my take anyway

ephisi:
Not liquidity brokers. I mean forex brokers based in lagos

ForexTime has been excellent for me so far, with offices in Lagos and Abuja.

I would give them 100% but I'll leave it at 95% reliability because my withdrawal to debit card since last Friday still has not showed up.