No wind for indices sails

December 11, 2015

The Bank of England took a dovish stance yesterday expressing a more bearish outlook for inflation in the light of lower oil prices, causing a little softness in sterling. Crude prices continue their downward spiral with Brent heading to sub $40 a barrel levels again yesterday and we’re just there this morning. The recent weakness in the dollar has done little to help crude prices which you would usually expect to get a little support, meanwhile metals have seen some buying on the back of a slightly lower greenback in recent days. As we build up to next week Wednesday’s Federal Reserve interest rate decision we could see an increase in volatility as investors prepare themselves for the commencement of monetary tightening.

In this environment it’s hard to see much upside to equities and this morning is expected to see many European indices open slightly in the red. This year’s Christmas rally has yet to materialise and over the course of the year many indices are now no higher than where they were back in January. Unquestionably this has been a tough year for investors and is unlikely to get any easier as things start to wind down for the festive season. Today there is some US data to watch in the form of US Retail Sales at 13.30 GMT and Michigan Consumer Confidence at 15.00.

Publication source
FxPro information  FxPro reviews

January 19, 2017
U.S. reports revealed a hefty 0.8% December industrial production
Asian stock markets traded mixed, with Japan and ASX moving higher, as Fed’s Yellen said she expects to hike rates few times a year through 2019 to 3% neutral rate...
January 19, 2017
Yellen repeats Fed is close to meeting targets, USD up
The speech by the US central bank governor Janet Yellen did not offer any new insights on the attitude of FOMC, nor did it cause large shifts in the pricing of future rate hikes (even if now 3 rate hikes in 2017 look again more probable than only one, with 2 remaining the most expected outcome)...
January 19, 2017
Trump vs Yellen & Draghi vs Weidmann
The U.S. dollar has been on a roller-coaster this week. After dropping by more than 1% on Tuesday the dollar index recovered 0.9% from its lows...

OctaFX Rating
Fort Financial Services Rating
Larson&Holz IT Ltd Rating
FOREX.com Rating
FxPro Rating
 FXTM Rating

TropicalTrade Rating
UKoptions Rating
365BinaryOption Rating
Binary Brokerz Rating
Banc De Binary Rating
IQ Option Rating