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The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
The Bank of England brings a chance to the GBP traders
The Bank of England will present its monetary policy summary on December 20, at 14:00 MT time.
We do not anticipate the rate hike, as the bank lowered growth forecasts for both 2018 (1.3% from 1.4%) and 2019 (1.7% from 1.8%) years. However, the Bank of England may provide some hawkish comments to support the British pound.
• If the BOE provides hawkish comments, the GBP will rise;
• If the BOE provides dovish comments, the GBP will fall.
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Uncertainty underpinned USD
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
US dollar turned up after closing in red yesterday
The market sentiment is mixed, but there are still interesting movements on the market.
Latest news
NETFLIX: end of fiesta
Netflix stock price falls 5% on Tuesday. Why? Read the news.
US jobless claims are coming out
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
CAD is in focus
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
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