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The last week of January will be at least interesting: Brexit is coming, though it was hard to believe we will ever see it. The Fed will make its decision about the rate, as well as the Bank of England.
Category: Forex
The new week is unlikely to become something remarkable for capital markets, as long as no new drivers or catalysts are going to appear, but investors are not going to be bored either.
One of the set phrases of tech analysis goes: "The current trend will be developing until it reverses". It pushes us to the idea that every trend will finish and reverse sooner or later. In this article, we will learn to detect such reversals.
The new week of January looks quite usual. We have the statistics, politics, as well as a few monetary decisions. It seems that global economies and capital markets are working full-scale after the Christmas and New Year holidays.
For successful work on financial markets, it is important to collect a set of rules. Most often, traders draft a plan on paper for no steep movements on the market to make them turn away from their goal. What is more, experienced investors advise to make a sort of a checklist with several questions, the answers to which will show if the time is good for opening a position or the trade is better skipped.
The last full-scale workweek of December is going to be quite empty of events and statistics: the catholic world will be away for Christmas, so the activity on the exchanges will shrink. In Russia, we speak more about the results of the year than tie up the loose ends. In other words, the year has been quite tough, it is time to have a rest.
The second half of December is the time of cleaning up the current affairs and forecasting the coming year. This week, central banks' sessions are coming to an end, but statistics will remain abundant. The markets will have no time to be bored.
This week is going to be full of events important for the stock and capital markets. It is rare for the sessions of the Fed and the ECB to follow one the other but this is our case. The tension is growing. In these circumstances, the volatility in trades may grow, so caution is necessary more than ever.
The beginning of December on the markets will be saturated with general economic and political events, but investors are still more hopeful about the news from the US and China than for other catalysts.
December edition of Demo Forex 2019 contest starts Dec, 2nd. All you need to participate is register a RoboForex demo account and start trading!