ZuluTrade Blog

Market Recap – The Calm After the Storm

Market View | Friday, September 20, 2019 10:49 AM GMT

It’s been an eventful week, full of monetary meetings, that started with the market’s reaction to the drone attack on the world’s largest oil production facility, in Saudi Arabia. Today, financial markets are on a digesting mode

The FED has cut rates and published the September’s dots that are pointing to no more rate cutting in 2019. The Bank of Japan kept its accommodative monetary policy unchanged and at the same time it signaled that extra accommodative measures are coming. The Bank of England and the Swiss National Bank kept their monetary policies unchanged. The Norges Bank raised rates, as it was expected from previous monetary press releases.

The Saudi Arabian oil production will most likely be fully restored within the next weeks. The USA is blaming Iran for the attacks and both countries were using tough rhetoric against each other, signaling war. Yesterday, Mike Pompeo, the US Secretary of State, cooled things down by saying the USA is seeking a peaceful resolution.

Macro releases: No significant macro release is expected today. Full economic calendar is here.


The views expressed do not constitute investment or any other advice /recommendation /suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of ZuluTrade Social Trading Platform and do not constitute an offer or invitation to anyone to invest or trade.

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