Weekly Trading Update

Dominated mainly by US Fed and PPI/CPI updates early week



Both the head of the Fed and the Bank of England are due to make speeches this week, alongside both CPI and PPI data being released in the US also.

US

Early on during the week, we are expecting speeches from Fed chair Jerome Powell. On Monday at 3:30pm he is set to discuss “How Gender Influences Economic and Financial Outcomes Over An Individual's Lifetime”.

Then on the Tuesday he is due to talk at a meeting jointly hosted by the Fed, Bank of England, Bank of Canada, and European Central Bank.

Will either of these speeches give investors any indication on where the interest rate may be heading or add to news on the Tapering announced on 3rd November, which boosted US markets and strengthened the Dollar?

Additionally, both the PPI and CPI rates are due to be released on Tuesday and Wednesday respectively. Will we see another figure surprisingly lower than forecast as we did in October when PPI dropped to 0.5%, even with forecasts set for it to stay the same at 0.5%?

CPI on the other hand was better than forecast last month, up to 0.4%. Could we see similar rates for the indicator heavily related to inflation, which has been all over the news recently?

These announcements/speeches are undoubtedly going to affect not only the main US indices but also major currencies pairs, so its will be a week to keep your eyes fixed on these dates to take advantage.

UK

A slightly quieter week for the UK as it will mainly look towards the aforementioned meeting of central banks including the Bank of England on Tuesday. Just like Powell, Andrew Bailey is due to speak. There could be further indicators as to the BoE view on when they will inevitably raise the interest rates. The UK markets responded positively to the news announced on 4th November, that despite what most were expecting, interest rates were going to be held at 0.1%.

Rest of the World

As for the rest of the world, it is looking to be relatively quiet, with the EU looking towards data being released on economic sentiment, which could give early indications on where the European economies are heading.

SEARCH FOR AN ARTICLE:

Enter a keyword and search for all relevant articles

MARKET ANALYSIS

RECENT POSTS

Weekly Trading Update

Trading Week Ahead

Read More

Financial Trading Blog

UK Stocks Set Stage for Comeback

Read More

Daily Market Update

20.12.24 Friday Morning

Bitcoin soared 130% in 2024, hitting all-time highs due to favourable policies under the incoming Trump administration....

Read More

Economic Diary

20.12.24

Read More

Daily Market Update

19.12.24 Thursday Afternoon

UK equities present a mixed picture heading into the festive period, but certain sectors might outperform next...

Read More

Daily Market Update

19.12.24 Thursday Morning

The yen hit a one-month low against the dollar after the Bank of Japan held rates steady and provided no new guidance...

Read More

DISCLAIMER


Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.

Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.

No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.

The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.