ONLINE FOREX BROKER
2021-05-04 • Updated
Bank of England will make a policy statement on Thursday at 14:00 MT (GMT+3). It’s widely expected that the bank may raise its growth projections and, more importantly, taper its quantitative easing programme, by cutting asset purchases. If it happens, the GBP will get a stimulus to rise.
Indeed, most of the recent economic indicators revealed that the British economy is recovering faster than the BOE forecast in February. Both manufacturing and services industries showed the strongest numbers in seven years in April. Retail sales jumped in March.
Well, but what if no policy tightening? In this case, the GBP is likely to fall.
GBP/USD has been trending up for over a year already. If it manages to break above the chain of recent highs of 1.4000, it will rally up to the high of February 24 at 1.4150. On the flip side, if it breaks below the low of April 30 at 1.3800, it may fall to the lower trend line, which the pair is unlikely to cross on the first try as it has failed to break below this line for over a year.
The past two years have seen the biggest swings in oil prices in 14 years, which have baffled markets, investors, and traders due to geopolitical tensions and the shift towards clean energy.
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
Last Friday’s NFP was disappointing. The reaction of the markets was astonishing. Will it last longer? Let's find out the main trade opportunities for the upcoming week.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
