EURO, BRITISH POUND, EUR/USD, GBP/USD, GBP/JPY TALKING POINTS:
It’s been a busy 24 hours around markets and this morning brought rate decision from both the European Central Bank and the Bank of England.
Yesterday’s FOMC rate decision appears well received by equity markets at this point, helping to drive the risk-on theme across markets as the Fed threaded the needle of delivering a hawkish message with a dovish bias.
The analysis contained in article relies on price action
The US Federal Reserve has announced a reduction in policy support at its final meeting of 2021. However, the markets have reacted positively to the move.
Source: Bloomberg
Shares Federal Reserve Federal Open Market Committee Inflation United States Economy of the United States
The Bank of Japan is set to hold their monetary meeting across 16 – 17 December 2021, with the meeting bringing about a review of its Covid-19 business financing aid package.
Source: Bloomberg
Forex Indices Bank of Japan COVID-19 pandemic Japan USD/JPY
GBP PRICE, NEWS AND ANALYSIS:
The Bank of England announces its decision on UK monetary policy at 1200 UK time this session.
Lacking any clear guidance from the central bank, the markets are split on whether it will leave Bank Rate on hold at 0.1% or increase it to 0.25%.
That makes the next move in GBP/USD hard to predict but judging by the reaction in EUR/USD to a hawkish Federal Reserve, even a UK rate rise could prompt a move lower in GBP/USD.
SPDR S&P 500 ETF, FED DECISION, YIELDS, DOLLAR AND VIX TALKING POINTS
A charge from the S&P 500 to just below its record high and an eventual slip from the Dollar would seem to indicate a ‘dovish’ shift from the Fed
In reality, the US central bank accelerated its hawkish policy course further than the markets had anticipated by doubling the taper clip ($30 billion/month) and projecting three 2022 hikes
The unusual market response in the immediate aftermath of the US r
- Reviewed by James Stanley, Nov. 24, 2021
TRADING EXIT STRATEGIES THAT ARE EFFECTIVE:
Traditional stop/limit (using support and resistance)
Moving average trailing stops
Volatility based approach using ATR
Traders focus a lot of their energy on spotting the perfect time to enter a trade. While this is important, it is ultimately where traders choose to exit trades that will determine how successful the trade is. This article hones in on 3 trading exit strategies th
GOLD, FOMC AND US DOLLAR TALKING POINTS:
Gold prices falter ahead of FOMC
XAU/USD shrugs off UK CPI data – All eyes on the Fed
US Dollar strength remains a key catalyst for the imminent move
GOLD PRICES SEEK CLARITY FROM THE FED
Gold prices have shrugged off a higher than anticipated UK CPI print as investors shift their focus to the FOMC rate decision later today.
Visit the DailyFX Educational Center to discover how CPI data affects currency pair
EUR/USD, EUR/GBP Prices, Charts, and Analysis
EUR/USD - may fade further if the Fed acts on soaring inflation.
EUR/GBP - the Bank of England is in a difficult situation.
Keep up to date with all market-moving data releases and events by using the DailyFX Calendar
There are three major central bank monetary policy decisions scheduled over the next 24 hours or so that will likely boost volatility in two of the largest currency pairs. In short, the Fed is lik
- Reviewed by James Stanley, Nov. 24, 2021
You have probably heard a financial news presenter say something along the lines of “The central bank governor came out slightly hawkish today after bouts of strong economic data”. The terms Hawkish and Dovish refer to whether central banks are more likely to tighten (hawkish) or accommodate (dovish) their monetary policy.
Central bank policy makers determine whether to increase or decrease interest rates, which have significant impact on the
SPDR S&P 500 ETF, DOGECOIN, DOLLAR AND FED DECISION TALKING POINTS
The S&P 500 extended is retreat from last Friday’s record highs to rebalance before the Fed decision – though not all markets were taking normal preparations
Before the media blackout, Fed Chairman Powell and other FOMC officials made a concerted effort to acclimatize market expectations to a faster taper and an earlier first hike
Through the final thrust of 2022 liquidity likely cent
The Bank of England’s Monetary Policy Committee meets on Thursday to discuss raising the UK's base interest rate from its historic low of 0.1%. But the Omicron variant has thrown a spanner in the works.
Source: Bloomberg
Forex Unemployment Inflation Bank of England Monetary Policy Comm
Reviewed by Nick Cawley on December 14, 2021.
CRUDE OIL TRADING STRATEGIES AND TIPS
Crude oil is ranked among the most liquid commodities in the world, meaning high volumes and clear charts for oil trading.
Oil traders should understand how supply and demand affects the price of oil.
Both fundamental and technical analysis is useful for oil trading and allows traders to gain an edge over the market.
Traders should follow a risk conscious crude oil trading strategy
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GBP PRICE, NEWS AND ANALYSIS:
GBP/USD will likely continue to trade close to the 1.32 level ahead of Thursday’s monetary policy announcement by the Bank of England, unaffected by the latest UK employment figures.
Those showed that 257,000 people were added to company payrolls last month, the most since records began in 2014.
GBP/USD TO DRIFT AHEAD OF BANK OF ENGLAND
GBP/USD will likely remain close to the 1.32 mark ahead of the Bank of England’s monetary policy announ
- Reviewed by James Stanley, Nov. 24, 2021
Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Traders of all levels should have a solid grasp of what forex leverage is and how to use it responsibly. This article explains forex leverage in depth, including how it differs to leverage in stocks, and the importance of risk management.
The Peloton share price has fallen 77% from its pandemic high of $163 to $38 today. After disappointing Q1 results and a 'Sex and the City' blunder involving one of its exercise bikes, can it recover in 2022?
Source: Bloomberg
Shares Peloton (exercise equipment company) Price Subscript
GBP/USD PRICE, CHART, AND ANALYSIS
The UK to go into overdrive on Omicron boosters.
Bank of England to stand pat on Thursday, Fed to offer further guidance.
Beleaguered UK Prime Minister Boris Johnson has announced that everyone over 18 in England will be offered a booster jab this week as he says that ‘there is a tidal wave of Omicron coming’. The new emergency vaccination program will include help from the military and will look to offer up to 1 million jabs a day to hit
Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. This article will cover the following key areas about psychological levels and round numbers in forex trading:
Psychological level definition
Identifying psychological levels
Using psychological levels to trade forex
Advantages and limitations of psychological levels
WHAT ARE PSYCHOLOGICAL LEVELS AND HOW DO THEY W
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 13th December 2021. These are projected dividends and likely to change. IG cannot be held responsible for any changes made.
Dividends highlighted in red include a special dividend, therefore some or all of the amount will not be adjusted. Amount in brackets is the expected adjustment after special dividends excluded (where shown on major indices). Dividend adjustments due to be posted
SILVER TECHNICAL ANALYSIS:
Testing major support back to September 2020
If 21.42 is firmly cleared then a broader move lower could unfold
For now, support is support until it isn’t
Silver has been weak, and broadly speaking it has been quite a bit weaker than its big brother gold. Yesterday’s sell-off from a small congestion pattern has silver even more firmly probing major long-term support.
The area from around 22.46 down to 21.42 has been meaningful since Se
- Reviewed by James Stanley, Nov. 24, 2021
Market movements can be unpredictable, and the stop loss is one of the few mechanisms that traders have to protect against excessive losses in the forex market. Stop losses in forex come in different forms and methods of application. This article will outline these various forms including static stops and trailing stops, as well as highlighting the importance of stop losses in forex trading.
WHAT IS A STOP LOSS?
A forex stop loss is a fun
Roblox shares soared 7% yesterday as investors back its strong financial credentials, aged-up demographics, and future potential to be a trailblazer for the metaverse. And this could just be the start.
Source: Bloomberg
Shares Roblox Metaverse Avatar Bloomberg L.P. Internet