Bank of England December 2021 Preview
The Bank of England meets on Thursday December 16, after it had wrong-footed markets in November with its decision not to hike rates and investors approach this meeting with seemingly limited expectations
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The Bank of England meets on Thursday December 16, after it had wrong-footed markets in November with its decision not to hike rates and investors approach this meeting with seemingly limited expectations
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
The US Federal Reserve hands down its monetary policy decision on Wednesday December 15, along with the updated economic projections
Friday's headline CPI release indicates that US inflation is rising at its fastest pace since 1982. Month on month showed a rise 0f 0.8% and a 6.8% increase on an annual basis. Core CPI, which strips the series of volatile items, came in at 0.5% m/m and 4.9% y/y. The core increase is the steepest since 1991. Despite the high reading, large-cap US indexes gained on Friday and the week.…
This was another intense week, during which we saw improved mood around Omicron, risk factors from China, two central banks delivering their policy decisions and new surge in US inflation
The pair is steady today, in appositive week so far, as markets brace higher for higher Consumer Price Index (CPI) in the US
The chart below on the left is gold's daily time frame. Price is moving into the area of weakness, between the lower blue and lower red bands. The daily stochastic has dropped below 20 (blue rectangle). As long as the stochastic maintains these levels, the precious metal is likely to be under pressure. In this regard the heikin ashi candle, which helps determine trend, has turned red over the last…
The Kiwi has the opportunity to halt its five-week losing streak, but faces difficulties as we move towards the European open
The commodity finds support during the European hours and tries to stay in profitable territory, following its very good start to the week
The Reserve Bank of Australia kept rates and asset purchases unchanged, with the pair reacting higher, amidst improved market sentiment
In our previous article, we suggested weakness in the XAUUSD daily chart. The below left shows the daily gold heikin ashi chart. Heiken ashi candles are trend-following indicators. In this regard, there is a big red movement down into our area of weakness between the lower blue and lower red bands. We draw attention to the daily stochastic which is positioned in the lower quintile (blue rectangle). Interestingly, the last…
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