Account

New to ADSS? Open an
account now to get started.

OR

Already have an account?

Add funds to your ADSS account

Account

New to ADSS? Open an
account now to get started.

Add funds to your ADSS account

Trends & Analysis
News

PepsiCo posts earnings beat, but misses on sales

News

Crude oil spikes after US inventories data

News

Risks on the horizon for the S&P 500?

News

GBP/USD retreats after hitting 1-month high

News

US dollar recovers from last week’s losses

News

Should you own Meta Platforms or Alphabet?

Trends & Analysis
News

PepsiCo posts earnings beat, but misses on sales

News

Crude oil spikes after US inventories data

News

Risks on the horizon for the S&P 500?

News

GBP/USD retreats after hitting 1-month high

News

US dollar recovers from last week’s losses

News

Should you own Meta Platforms or Alphabet?

Weekly Market Preview

Week Ahead Preview:

11th of December

 

Friday, Dec 08, 2023

Investors are eagerly awaiting significant economic data and interest rate decisions from major central banks this week. The spotlight is on the US inflation figures for November, with expectations of a slight decline in the CPI headline YoY from 3.2% in October to 3.1% in November. The core CPI is anticipated to remain stable at 4%. Consequently, any lower-then-expected data would bolster the market belief that the Federal Reserve is moving towards cutting interest rates in the first quarter of the coming year.

Investors will be closely monitoring the US interest rate decision, with expectations of maintaining the current interest rates unchanged at 5.5%. The meeting will also reveal growth and inflation forecasts for the US Central Bank, along with the Fed dot plot, reflecting the FOMC members’ opinions on where US interest rates might be in the coming year. This stance could either align with the market’s current expectations or deviate from them.

The European Central Bank meeting is also under scrutiny, and it is highly likely that the ECB could maintain the current interest rate unchanged at 4.00%. The ECB will release its growth and inflation projections for both the short and long term. Investors will pay close attention to the press conference by ECB President Christine Lagarde to gain insights into the central bank’s monetary policy for the upcoming year, particularly regarding the timing of potential interest rate cuts. Analysts will be looking for any hints about whether most board members prefer an early start to rate cuts or if they are inclined to wait for later meetings in 2024.

Furthermore, the Bank of England’s interest rate decision is anticipated, and it is expected that the central bank would follow the lead of its European and American counterparts by maintaining UK interest rates unchanged at 5.25%. Notably, markets expect the Bank of England to delay interest rate cuts until June, influenced by the relatively higher inflation levels in the United Kingdom, reaching 4.6% in October compared to 3.2% in the US and 2.9% in the Eurozone in the same month.

 

Economic Data Highlights (As per UAE time) 

 

Tuesday 12th of December
  • GBP –Average earning index (Oct)
  • GBP- Unemployment rates (Oct)
  • EUR- Zew economic sentiment (Dec)
  • USD- Inflation rates (Nov)
Wednesday 13th of December
  • GBP- GDP and industrial production (Oct)
  • EUR- Industrial production (Oct)
  • OPEC Monthly report
  • USD- PPI (Nov)
  • Fed rate decision and press conference
Thursday 14th of December
  • AUD- Unemployment rates (Nov)
  • JPY- Industrial production (Oct)
  • SNB rate decision and press conference
  • Bank of England rate decision
  • ECB rate decision and press conference
Friday 15th of December
  • CNY- Industrial production (Nov)
  • EUR- Manufacturing and services PMI (Dec- flash)
  • GBP- Manufacturing and services PMI (Dec- flash)
  • USD- Manufacturing and services PMI (Dec- flash)

Site by Pink Green
© ADSS 2024


Investing in CFDs involves a high degree of risk that you will lose your money due to the use of leverage, particularly in fast moving markets, where a relatively small movement in the price can lead to a proportionately larger movement in the value of your investment. This can result in loses that exceed the funds in your account. You should consider whether you understand how CFDs work and you should seek independent advice if necessary.

ADS Securities LLC (“ADSS”) is authorised and regulated by the Securities and Commodities Authority (“SCA”) in the United Arab Emirates as a trading broker for Over the Counter (“OTC”) Derivatives contracts and foreign exchange spot markets. ADSS is a limited liability company incorporated under United Arab Emirates law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047) and has its principal place of business at 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.

The information presented is not directed at residents of any particular country outside the United Arab Emirates and is not intended for distribution to, or use by, any person in any country where the distribution or use is contrary to local law or regulation.

ADSS is an execution only service provider and does not provide advice. ADSS may publish general market commentary from time to time. Where it does, the material published does not constitute advice, or a solicitation, or a recommendation to a transaction in any financial instrument. ADSS accepts no responsibility for any use of the content presented and any consequences of that use. No representation or warranty is given as to the completeness of this information. Anyone acting on the information provided does so at their own risk.