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10/06/21 10:53
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As Andrew Bailey and co gear up for their next BoE decision, will it be enough to drive the pound higher against the dollar, or could recession worries return? Source: Bloomberg Forex Pound sterling Bank GBP/USD Central bank United States dollar Chris Beauchamp | Chief Market Analyst, London | Publication date: Tuesday 31 January 2023 What do markets expect from the Bank of England meeting? This Thursday sees the latest Bank of England (BoE) decision. Markets expect the bank to raise UK rates by 50 basis points (bps), a similar amount to the ECB. What is the context? In an interesting reversion to early 2022, when the BoE seemed to lead the way in hawkishness, this week’s crop of central bank meetings points to a Fed rate increase of just 25bps, while Threadneedle Street pushes on with another 50bps hike, as will the European Central Bank. As with most central bank meetings these days, it is the comments around the decision and the voting pattern that will be more important. A more hawkish caucus might emerge, based on the improved (or at least, less bad) economic outlook that has appeared of late. But the outlook for the second half of the year remains gloomy, at best. Markets continue to expect at least one 25bps rate cut by the end of the year, but the bank will not want to give too much credit to this argument, since it is aware that inflation remains solidly above forecasts. GBP/USD outlook Momentum in GBP/USD has stalled at the December highs of $1.24, with little sign that the price wishes to push on ahead of the BoE meeting. Clearly a more hawkish BoE would be needed, but one that is not too hawkish that it then makes markets fret about the impact on the already-tough UK economic outlook. It will be a tough balance to strike, and if markets start to worry about a deeper UK recession, then we could see GPB/USD push back towards $1.20 and the 200-day SMA. Source: ProRealTime -
Hi, I can able to see and do pre and post market trade certain stocks such as Microsoft. However i am unable to see pre and post market trade on certain stock such as upstart holdings. However, i can see in yahoo finance that a particular stock such as upstart holding is down or up before or after market hours. How can i put or sell stocks holdings pre & post market hours for stock like upstart holdings please? Thanks in advance Vijji -
Hi @devc It is up to the ETF issuer to provide a KID, we may not do so on your behalf. In this case, you would have to reach out to First Trust Nasdaq Cybersecurity ETF (CIBR). All the best, OfentseIG
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Question
tc5tewart
Hi all, I have recently started spreadbetting with a focus on the FTSE100 solely for now. I have previous experience with charts from crypto and share dealing although I definitely have a lot to learn.
I'm watching a video by David Weis where he's explaining the way he uses Wykcoff/volume analysis which looks like something I'd like to use. There should be a screenshot here where his chart displays the volume as a no. per 100/1000 contracts, at certain highs and lows, using a weak uplift to suggest a possible downturn and vice versa. He says his program shows these numbers automatically rather than having to calculate manually and add the number to the chart as text.
Is there anywhere on the IG platform that allows you do this? I seem to have tried every available analysis option on the dropdown menu, obviously there is volume which displays below the chart although as he says this is not always that clear depending on the timeframe used.
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