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This week sees a whole plethora of Central Bank monetary policy decisions fall due. Tomorrow, March 19 we have the first from the Reserve Bank of Australia (RBA) at 3.30am GMT). Then at 3.45am GMT we get the same from the Bank of Japan (BOJ). On Wednesday, at 6pm GMT it is the turn of the US Federal Reserve. That is followed on Thursday by the Swiss National Bank (SNB), at 8.30am GMT. Finally, on that day, at 12pm GMT we then get the decision from the Bank of England (BOE). I will be looking at each potential outcome in isolation today and tomorrow and how these decisions might, or might not impact the markets. Ahead of that, the dollar index (USDX) held a pretty tight and steady range on Friday (103.30-103.49) and closed the week at 103.43. However, given what is in store this week, there is potential for a significant move this week. Overnight the index has traded between 103.40 and 103.51. It is just now trading at around 103.45
Yesterday the S+P 500 set a new record opening at 6,008.86 and subsequently rose to set a new all time record intraday high, at 6,017.31, but it could...
At 7am GMT the UK will release its latest monthly and quarterly jobs data, covering the 3 months to September and the claimant counts in October. The...
Earlier today the drop below the important $2,643 level was covered in an update here. In that update the risks of further downside was mentioned...
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