We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bearish
GBP/USD
Bullish
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bearish
Bitcoin
Mixed
More View more
Real Time News
  • Heads Up:🇨🇦 CAD Bank of Canada's Poloz Gives Speech in San Francisco due at 02:45 GMT (15min) https://www.dailyfx.com/economic-calendar#2019-11-15
  • Why do you require consistency in trading and why does it matter? Find out: https://t.co/f4y1FOOZnM #tradingstyle https://t.co/j9tsR23fLd
  • RBA Deputy Governor Guy Debelle: Mortgage arrears unlikely to rise "substantially", Australia mortgage arrears increasing steadily -BBG #RBA $AUDUSD
  • RBNZ's Hawkesby: Need to see how outlook evolves heading into February. Already expect soft activity for remainder of 2019 -BBG #RBNZ $NZDUSD
  • RBNZ's Hawkesby: Rate cut in February would require outlook to change, February rate decision is "live" -BBG $NZDUSD
  • Heads Up:🇨🇦 CAD Bank of Canada's Poloz Speaks at San Francisco Fed Conference due at 02:15 GMT (15min) https://www.dailyfx.com/economic-calendar#2019-11-15
  • 👀 https://t.co/xfH8wntdvn
  • The$USD is attempting a recovery against the Philippine Peso and Malaysian Ringgit. Well-defined resistance levels are still keeping the USD/PHP and USD/MYR downtrend intact.Get your market update from @ddubrovskyFX here:https://t.co/Qb4yAhiaog https://t.co/U8xm3duUJM
  • EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Oct 17, 2019 when EUR/JPY traded near 120.82. A contrarian view of crowd sentiment points to EUR/JPY weakness. https://www.dailyfx.com/sentiment https://t.co/YqzjqSxy4X
  • Heads Up:🇨🇳 CNY New Home Prices (MoM) (OCT) due at 01:30 GMT (15min), Actual: N/A Expected: N/A Previous: 0.53% https://www.dailyfx.com/economic-calendar#2019-11-15
S&P 500 Marches on as Fed Caves on Policy Tightening

S&P 500 Marches on as Fed Caves on Policy Tightening

2019-02-01 17:00:00
Justin McQueen, Analyst
Share:

Equity Analysis and News

  • Federal Reserve Bows Down to Market
  • Bank of England’s not so ‘Super’ Thursday

Federal Reserve Bows Down to Market

Markets had expected a dovish FOMC meeting and that is exactly what they got, with Powell and Co. not only providing a dovish signal but going one step further, having mentioned that they could adjust balance sheet normalization if required (Balance sheet normalization process). Consequently, US equity markets have continued its strong start to the year. Next week, Fed officials will place their attention towards the latest PCE data, while the end of the government shutdown will begin to see US data pick up.

Bank of England’s not so ‘Super’ Thursday

Brexit is the dominating theme for UK assets and will continue to remain as such, with uncertainty continuing. Consequently, the Bank of England have been somewhat tight-lipped as they await clarity on how the UK will exit the EU. Recent data from the UK is unlikely to stir much optimism from BoE officials with much of the data continuing to be hampered from the ongoing Brexit uncertainty. However, as this weighs on the Pound, the FTSE is back towards the pivotal 7000 level.

RECOMMENDED READING

RESOURCES FOR FOREX & CFD TRADERS

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.