November 23: Heaven for Day Traders
This Wednesday will be heaven for day traders. A considerable number of events will make the market volatile. Don't miss it!
UK will dodge recession
Great Britain will manage to avoid recession in 2018, but economic surge is supposed to lag the euro zone, as a Reuters survey demonstrated on Thursday.
UK consumers will perceive the pinch from wage hikes dipping to keep up with ascending prices.
It’s just over a year since UK citizens voted to break up with the European Union. The given decision knocked approximately 13% the UK pound’s value, driving inflation above the BoE’s 2% objective as imports turned to be more expensive.
According to the poll of 70 financial experts taken this week, inflation is going to hit 2.9% during the last quarter of 2017, but it won't make the key financial institution tighten its ultra-loose monetary policy soon.
Bank Rate was reduced to a record minimum 0.25% several months after the Brexit referendum and it won't be raised until 2019, as the poll states.
The previous year consumers played a decisive role in driving economic surge, but pay increases have been yielding up to inflation, and it’s supposed to continue.
Similar
Alibaba's Success and Bullish Forecasts for China from Top Agencies
Goldman Sachs turns bullish on China, news from ECB, and Twitter's drama - everything you need to know in one place!
Traders Should Know About These Releases
The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!
Latest news
How to trade the JPY?
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
FOMC Minutes Brought Insights
Hello, dear traders! We hope you have a great day! Let’s see what news is worth following today! Market closing US stock exchanges will be closed due to the Thanksgiving holiday…
US Dollar Might Get Under Pressure After These Events
Today, two events will shake the US dollar. First, at 16:45 GMT+2, Markit, a statistical company, will release the US Flash Services PMI. Moreover, at 21:00 GMT+2, the Federal Reserve will release its meeting minutes.
