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Market News 4/8

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​​🤩 Good Thursday everyone! Welcome to another trading day! Today I expect movements from the GBP pairs, stocks, and oil. Let’s look at the main headlines beforehand!


🇬🇧 The Bank of England is set to raise the interest rate by 50 basis points today and unveil its strategy for unwinding some of the £895 billion ($1.1 trillion) of stimulus it delivered over the past decade. This is going to be the biggest rate increase in 27 years.  The decision can push GBPUSD above the 50-day SMA at 1.2200 and help it in reaching the 1.2400 level. As for EURGBP, it can reach the support of 0.8300.


🔥 Today, Alibaba, TripAdvisor, and Virgin Galactic release their earnings reports. Alibaba’s stock has already strengthened 8.7% after plunging on Monday, while SPCE gaped more than 3% yesterday. 


🇧🇷 Brazil raised the interest rate by 50 basis points to 13.75% as expected and promised more monetary policy tightening. The decision was priced into the performance of USDBRL.


🇨🇳🇺🇸 China begins live-fire military exercises in six zones around Taiwan in response to US House Speaker Nancy Pelosi’s visit. This is potentially a bullish news for gold and oil prices, if something goes against the plan. 


📈Global stocks have now rebounded some 9% from a June low, reducing year-to-date losses to about 15%.


Key events: 

BOE Interest Rate Decision – 14:00 GMT 3

US Unemployment Claims – 15:30 GMT 3

FOMC Member Mester Speaks – 19:00 GMT 3


Earnings releases:

Alibaba – 14:00 GMT 3

TripAdvisor – 23:00 GMT 3

Virgin Galactic – 23:05 GMT 3



 #ChươngTrìnhThủLĩnhÝTưởng# 

 #OPINIONLEADER# 

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thank bro
Lahuti
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@Camp 😍😍😍

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