Interest rates could hit new decade high even if Fed does nothing at its meeting

  • The Fed is unlikely to make any new comments at all after its meeting Thursday, but that could cause rates to rise in the bond market.
  • Bond strategists say some market players may be looking for the Fed to give a nod to the market volatility that drove the S&P 500 down nearly 7 percent in October.
  • The Fed’s statement, at 2 p.m., is expected to keep the Fed on track for further rate hikes, and that could send the 2-year Treasury yield higher, to a new, more than decade peak. Read More @ https://www.cnbc.com/2018/11/08/interest-rates-could-hit-new-decade-high-even-if-fed-does-nothing-at-its-meeting.html

Brexit deal set to be done within a week, EU boss Donald Tusk claims as Theresa May flies to Brussels for talks

After a series of phonecalls earlier this week, the PM will now hold face-to-face talks with other EU leaders over a working dinner with Nato heads tonight;  It comes as the PM flies to Brussels tonight, to plead with EU bosses to give her enough time to win round her Cabinet. After a series of phone calls earlier this week, the PM will now hold face-to-face talks with Nato members this evening. She is then expected to gather the Cabinet on Monday or Tuesday to get their blessing for the Brexit deal. Read More @ https://www.thesun.co.uk/news/7688711/brexit-deal-latest-done-week-donald-tusk-theresa-may/

WHAT IS NEXT FOR USD?

USD Rallied back to almost $97 after FED stays on course for December Rate hike; Double Top pressure for price pattern is still in-tact; if breaks we should see new highs for USD.

TODAYS NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES.

  1. 8.30am – AUD will go to action with RBA monetary policies.
  2. 9.30am – China will release their CPI & PPI – volatility expected.
  3. 5.30pm – GBP will go to action with BOE releasing their GDP, Manufacturing, Business Investment and GoodsTrade Balance data and is expected to be good.
  4. 9.30pm – US will release their Core PPI & wholesale inventories – expected no change.
  5. 11.00pm – US will release their Uom Consumer sentiment and is expected to be good.

Overall the demand for USD continues; all other major currencies took a beating yesterday. The market will continue to stay volatile as all central banks will start moving forward for rate hike to slow down the market. Easy money will do no good for the global market.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

1 Comment
  1. storno brzinol 1 month ago

    Awsome post and straight to the point. I am not sure if this is in fact the best place to ask but do you people have any thoughts on where to employ some professional writers? Thanks 🙂

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?