Important Information

You are visiting the international Vantage Markets website, distinct from the website operated by Vantage Global Prime LLP
( www.vantagemarkets.co.uk ) which is regulated by the Financial Conduct Authority ("FCA").

This website is managed by Vantage Markets' international entities, and it's important to emphasise that they are not subject to regulation by the FCA in the UK. Therefore, you must understand that you will not have the FCA’s protection when investing through this website – for example:

  • You will not be guaranteed Negative Balance Protection
  • You will not be protected by FCA’s leverage restrictions
  • You will not have the right to settle disputes via the Financial Ombudsman Service (FOS)
  • You will not be protected by Financial Services Compensation Scheme (FSCS)
  • Any monies deposited will not be afforded the protection required under the FCA Client Assets Sourcebook. The level of protection for your funds will be determined by the regulations of the relevant local regulator.

If you would like to proceed and visit this website, you acknowledge and confirm the following:

  • 1.The website is owned by Vantage Markets' international entities and not by Vantage Global Prime LLP, which is regulated by the FCA.
  • 2.Vantage Global Limited, or any of the Vantage Markets international entities, are neither based in the UK nor licensed by the FCA.
  • 3.You are accessing the website at your own initiative and have not been solicited by Vantage Global Limited in any way.
  • 4.Investing through this website does not grant you the protections provided by the FCA.
  • 5.Should you choose to invest through this website or with any of the international Vantage Markets entities, you will be subject to the rules and regulations of the relevant international regulatory authorities, not the FCA.

Vantage wants to make it clear that we are duly licensed and authorised to offer the services and financial derivative products listed on our website. Individuals accessing this website and registering a trading account do so entirely of their own volition and without prior solicitation.

By confirming your decision to proceed with entering the website, you hereby affirm that this decision was solely initiated by you, and no solicitation has been made by any Vantage entity.

I confirm my intention to proceed and enter this website Please direct me to the website operated by Vantage Global Prime LLP, regulated by the FCA in the United Kingdom

By providing your email and proceeding to create an account on this website, you acknowledge that you will be opening an account with Vantage Global Limited, regulated by the Vanuatu Financial Services Commission (VFSC), and not the UK Financial Conduct Authority (FCA).

    Please tick all to proceed

  • Please tick the checkbox to proceed
  • Please tick the checkbox to proceed
Proceed Please direct me to website operated by Vantage Global Prime LLP, regulated by the FCA in the United Kingdom.

×

Are you long or short on indices?

Trade Indices Now >
Long Or Short On Indices?
View More
Language
SEARCH
  • All
    Trading
    Platforms
    Academy
    Analysis
    Promotions
    About
  • Search
Keywords
  • Forex Trading
  • Vantage Rewards
  • Spreads
  • facebook
  • instagram
  • twitter
  • linkedin
  • youtube
  • tiktok
  • spotify

Weekly Outlook | Important interest rate decisions ahead

Vantage Updated Updated Wed, 2024 September 18 01:27

Important events this week:

Markets are likely to be dominated by the Federal Reserve this week. It is expected that the central bank could cut rates, as Jerome Powell has previously announced. However, whether a move will materialize could be called into question and, if so, how much it will be.

Interest rate decisions will also be made by the British and Japanese central banks. In the UK, the interest rate is unlikely to be adjusted, although things could get exciting again in Japan. The Yen has recently continued to strengthen.

– CA- Consumer Price Index – The Canadian Dollar has recently shown a mixed picture. It continued to move slightly higher against the USD, but failed to realize its potential against the EUR. There could be further downside potential here for the time being. Consumer prices in Canada have also moved lower and could add fresh pressure on the Loonie as momentum falls.

A look at the weekly chart of the USDCAD shows that a break of the 50- moving average could then quickly move the market higher. On the other hand, there could be downside potential in the EUR if consumer prices rise slightly. The data will be published on Tuesday, 17 September at 14:30 CET.

– US interest rate decision – The most important event this week will be the interest rate decision from the USA on Wednesday evening. It is currently expected that the Federal Reserve will cut the rate by 25 basis points. Labor market data has recently moved downwards, which should now prompt the Fed to take countermeasures. Inflation data has also moved steadily downwards, which should ultimately necessitate action.

The EURUSD exchange rate was able to move positively again last week, while the Dollar came under pressure again. The trend in the monthly chart above signals possible further upward potential. The 50- moving average has already been breached here. The market is already trading above the psychological level of 1.1000. The interest rate decision will take place on Wednesday, 18 September at 20:00 CET.

– UK interest rate decision – An interest rate decision will also be made in the UK this week. However, it is not expected that rates will be adjusted. The expectation is that more central bankers will follow the camp of keeping interest rates unchanged.

On the GBPUSD daily chart, we can observe a fresh upward trend. If the event turns out as expected, the market might continue higher. The decision will take place on Thursday, 19 September at 13:00 CET.

– JP- Interest Rate Decision – Japan will also have an interest rate decision this week. The market could well receive another rate hike, albeit a very small one. This could cause the JPY to rise.

However, the USDJPY price is currently trading directly on a support zone at 140.80 on the weekly chart. Only if this is broken could there be further downside potential. The interest rate decision will take place on Friday, 20 September.