The G20 summit took place in Bali, Indonesia, on November 2022…
GBP: after last BOE report this year
Information is not investment advice
GBP/USD has just broken the key resistance of 1.3600. What’s next?
No changes from Bank of England
The Bank of England has held the last meeting this year, where it left rates unchanged and maintained its pledge for more quantitative easing. The central bank emphasized that the economic outlook is still "unusually uncertain” but mentioned that the vaccine rollout should limit downside risks to the economy.
Brexit Talks "Could Reach a Denouement this Weekend, Stay Tuned"
According to Tony Connelly, RTE Europe Editor, the Brexit agreement may be reached as soon as this weekend. The EU-UK sides made a compromise over the level playing field, but assess to fishing waters remains the mains ticking point.
GBP/USD surged to the 1.3600 level, which was unseen since April 2018. The way up to the next resistance of 1.3650 is clear. If the pair manages to break it, it may rise to the next round number of 1.3700. On the flip side, the move below yesterday’s low of 1.3450 will drive the pair lower to the next support of 1.3400.
The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.