We’re into this final Friday of 2018 and the new year is just around the corner. Holiday trade has been anything but quiet and the thinner conditions have only made for wilder swings. And there’s been good reason for volatility as the year comes to a close, with so much uncertainty in the air heading into 2019. read report
Next 24 hours: A Dose of Perspective
US equities put in a sharp recovery rally on Wednesday, surging from fresh yearly lows. The Dow Jones industrial average rocketed over a thousand points, translating to about 5%, the biggest daily point gain on record for this index. The post-Christmas rally was accompanied by a milder reaction in FX. read report
Special report: US Dollar Outlook 2019
It’s safe to say the market did not like last week’s Fed decision, in which the Federal Reserve raised rates another 25 basis points, while sending a message it wasn’t ready to be deviating from its plan all that much in 2019, despite some very clear downside risks. read report
Markets will thin out dramatically between now and the second week of January, with the holiday season kicking into full swing. As things stand, we’re heading into year end with stocks in decline and plenty of tension in the air. Friday’s calendar is stacked and features first tier data out of the Eurozone, UK, Canada and US. read report
Next 24 hours: BOE Holds as Widely Expected
Special report: BOE Decision – Thoughts and Insights
The Fed meeting has come and gone and it’s safe to say the decision had an impact on the market. While US equities continued to extend their decline to fresh yearly lows, the US Dollar initially decided to rally back after there had been some selling of the Buck into the risk. Bank of England decision ahead. read report
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