This Week's Trading Opportunities

Tuesday, January 28th at 15:00 GMT

US Consumer Confidence

US consumer confidence is the last set of important economic numbers which the Fed will receive before their monetary policy decision.

Donald Trump played the same cassette in his speech in Davos and pleased the crowd by telling them how good the US economy is. The US Consumer Confidence data will be judged by traders on this merit, and if the number is strong, the case for cutting interest rates would only become weaker.

The Phase One Deal isn't likely to show its results straight away, so expecting a significant change in the manufacturing PMI might be troublesome.

Can we see the dollar finally picking up some steam?

Wednesday, January 29th at 19:00 GMT

Fed Funds Rate

The Fed isn't likely to change the interest rate again, but the pressure is building up.

During the World Economic Forum, the president of the United States showed his discomfort once again. He wants the Fed to reduce the interest rates again. The Federal Reserve Bank has been independent, and this sort of pressure is unprecedented.

Will the Fed minutes make the dollar weaker? How will Sterling cut if the BOE doesn't cut the interest rate?

Thursday, January 30th at 12:00 GMT

BOE Rate decision

The Bank of England is highly likely to cut the interest rate. The ECB and the Fed are well ahead of this game. The pressure has been building up on the BOE for a long time, and the question is how far they are going to take this?

An important factor to keep in mind is that the economic data is still somewhat solid, especially the manufacturers over in the UK are more confident than before. This is something which the bank is going to factor in its monetary policy decision.

Will the Bank of England surprise the markets or not?



by WooHoo Ireland


Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram