Leading global forex and CFDs broker XM is offering traders and investors a unique opportunity to join them in a live free webinar where you will learn about the main factors that impacted the global markets in 2018.
You will also learn about their forecast for the year 2019 and their take on whether the dollar’s bull run will end in 2019 with emphasis on:
• The outlook for 2019 of major central banks policies on interest rates
• What can be expected with regards to the state of the world’s major economies in 2019 and where they stand in 2018
• Trade conflicts and political factors and risks for major economies
• Discussed in detail U.S, Eurozone, Japan, UK, Australia, and China
• Summary of key commodities, that includes oil and gold
Venue for the Event:
Date: 09 January, 2019
Time: 17:00 (EET)
Instructor: Chief Economist of XM, Michalis Florentiades
What’s the real story?
Overview: The U.S. dollar rally and whether the bull run will end in 2019
The start of 2018 was a weak start for the U.S. dollar, but it rallied strongly after it bottomed in late March and mid-April with traders shifting their focus to monetary policy divergence. The Federal Reserve Banks continued to raise interest rates, while the tightening cycle of other central banks lagged behind. The trade war significantly influenced varies currencies versus the U.S. dollar with equities not receiving much of a boost in spite of the positive prospects for global growth.
A potential political crisis in Italy saw the euro fall when a new government was formed. The quantitative easing in 2018 was ending with the ECB pledging to keep the current level of interest rates and their significantly negative rates until the summer of 2019. Impressive gains by the pound in 2018 which peaked in mid-April turned negative vs the U.S. dollar after the BOE appeared reluctant to raise higher interest rates as the economy cooled with Brexit proving to be evasive in spite of the deal between the UK and the EU. The yen was a strong performer due to its safe-haven appeal as the Japanese government faced slower growth and inflation well below the target of BoJ.