Global macro overview for 21/11/2017
November 21, 2017 2:24 pmVideo
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- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 16-18, 2024: buy above $62,500 (4/8 Murray – 21 SMA) April 16, 2024
- Technical Analysis – USDCAD blossoms ahead of central bank speeches April 16, 2024
- EUR/USD: trading plan for the US session on April 16th (analysis of morning deals). Fewer people are willing to sell euro April 16, 2024
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
- What’s next for markets amid Israel-Iran tensions? – Special Report April 16, 2024
Chairperson Janet Yellen announced yesterday that she would not stay on the Fed board after handing over to Jerome Powell. The decision to shorten the term of office (originally until 2024) was predictable – it was difficult to be number 2 if it was number 1. President Trump then holds another seat on the board from the fill, raising their number to four (out of seven). The names are to be announced before the end of the year, and among the potential candidates is still the race loses president John Taylor. As a result, the Fed’s board may eventually be hijacked (as Powell is treated as neutral) by hawks. Besides, the rotation of voting rights at the FOMC meetings among regional governors in 2018 gives the hawkish authorities. However, it is doubtful that the USD was quick to count on a positive impulse. The market tends to play the Fed’s policy from meeting to meeting. Almost a certain rate hike in December is fully discounted. Another wave of dollar appreciation under the influence of monetary policy will appear only when the Fed gives a clear signal that another rate hike in March 2018 is likely. Until then, fiscal and macroeconomic policies remain above the hierarchy of factors.
Let’s now take a look at the USD/JPY technical picture at the H4 time frame. The bulls have managed to break out above the black trend line at the level of 112.15, but no new high was made yet and the price is back inside the downward channel zone. The momentum is not accelerating upward, but the market conditions favor the dip buyers.
The material has been provided by InstaForex Company – www.instaforex.com
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