News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
S&P 500 Marches on as Fed Caves on Policy Tightening

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

Justin McQueen, Strategist

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