Important news for the week

  • Tue, 14th, 08:00             UK        Claimant count change.
  • Tue, 14th, 14:30            CA        Consumer price index.
  • Thu, 17th, 02:30            AU        Unemployment rate.
  • Thu, 17th, 14:15            EU        ECB interest rate decision.
  • Thu, 17th, 14:30            US        Unemployment claims /Retail Sales.

Equities

Equity markets resumed the week on a positive note. Supportive results from companies like Blackrock, JP Morgan, and Wells Fargo might further boost markets during the current earnings season. China’s market opened lower but moved slightly higher, while the Hang Seng index remained mostly sideways. China's stimulus efforts appear to be fading without further steps. Geopolitical tensions are having little impact, and potential rate cuts, such as from the ECB, help support indices.

Market talk

The Dollar showed potential weakness on Monday. The EUR remains above support, while the GBP slides slightly. The AUD could gain momentum if it clears the recent resistance. Oil opened lower despite Middle East tensions, and lower prices could follow if tensions ease. Demand appears to be falling, potentially signaling a downturn. Equities started the week higher, with Bitcoin also breaking higher amid positive risk sentiment.

Tendencies in the markets

  • Equities positive, USD weaker, cryptos positive, oil weaker, metals positive, JPY weaker.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This Webinar is purely for information purposes. Transactions or orders are for illustrative purposes only and should not be copied by traders. The content has been carefully compiled. However, no liability can be accepted by FX Strategies. Asia and under no circumstances should this material replace a consultation with a certified financial, investment or investment advisor in terms of their accuracy. Further information on our risk warnings can be found on our website under fxstrategies.asia.

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