Jump to content

A fantastic week for traders ahead


dash1

Recommended Posts

Hi guys

So this week seems to be one of the most exciting weeks for traders. The FED in the US comes out with its vig announcement regarding interest rates in the United States.

 

Market speculation is that there is a 15% chance only off such a hike however, you can never be too sure. The bottom line is this, if they increase interest rates our markets are going sharply lower. And if interest rates remain the same we should see a little more in this bull rally to come. Either way, this may present some very interesting profitable trading opportunities.

 

Interested to hear your comments.

Link to comment

Hi. It's hard to say as, the market is looking for a catalyst to either drive it up or down. One could argue that Friday is sell-off was some sort of profit-taking due to the early rally that took place the day before.

 

There is a lot of speculation with regards to the oil producing countries meeting taking place next week.

 

I think it may move slightly higher but will trade arrange bound

Link to comment

I also forgot to mention that the election debate will be taking place on Monday. Due to the fact that this is such a tightly contested election, what ever is said at these debates may have some impact on certain sectors off the US stock market.

 

Clinton comes across as being rather harsh on the pharmaceutical companies and certain statements from her may drive those stocks lower. Trump, on the other hand is proposing a lot of policies that would affect international trade and may affect trading and export stocks as well.

 

I am not sure how much of an effect this is going to have on the US market but, what I do know is that the market is looking for any kind of catalyst that would either drive it higher or lower due to the fact that owning season only starts in October.

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      16,288
    • Total Posts
      77,956
    • Total Members
      64,552
    • Most Online
      7,522
      10/06/21 13:53

    Newest Member
    Steve9212
    Joined 28/10/21 12:01
  • Posts

    • Sydney gym where you must show your vax passport to get in suffers covid outbreak of 15 members so now you must present your vax passport AND a negative test ... kind of makes the passport somewhat superfluous don't you think?           Meanwhile,New Lancet Study From Sweden Shows Vaccine Effectiveness Against Infection Dropping to ZERO and Sharp Decline Against Severe Disease As Well.   New Lancet Study From Sweden Shows Vaccine Effectiveness Against Infection Dropping to Zero and Sharp Decline Against Severe Disease As Well – The Daily Sceptic
    • Charting the Markets: 28 October FTSE 100, DAX, and S&P 500 pullback likely to resolve to the upside. EUR/USD, GBP/USD and USD/JPY on the back foot as support comes into play. And gold and Brent crude on the rise after recent pullbacks. https://www.ig.com/uk/market-insight-articles/charting-the-markets--28-october-211028 This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
    • Gold and Brent crude on the rise after recent pullbacks Gold and Brent crude are on the rise, with the recent period of weakness reversing towards the upside. Source: Bloomberg  Joshua Mahony | Senior Market Analyst, London | Publication date: Thursday 28 October 2021 Gold regaining lost ground after pullback into swing-low support Gold has started to move higher after a period of retracement that took price back into the $1783 swing-low. A break below $1760 would be required to negate the uptrend in play over the course of October. To the upside, watch out for resistance at $1807 (76.4% Fib) and $1834. Source: ProRealTime Brent crude tumbles after inventories build Brent crude has taken a hit in the wake of a surprise 4.3 million inventories build. That took price back below the $82.80 swing-low, raising the possibility of a wider pullback. However, we are seeing price turn upwards this morning, with a wider 61.8% Fibonacci retracement coming into play. Additionally, with a long-term descending trendline up above the recent highs, it makes sense to look for a break up above $86 for the bulls to gain greater confidence of an upward continuation move. Source: ProRealTime
×
×
  • Create New...