Account
New to ADSS? Open an
account now to get started.
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
Weekly Market Preview
Friday, July 14, 2023
The US headline Consumer Price Index (CPI) of June showed a decline to 3%, while the core CPI (excluding food and energy prices) dropped to 4.8% primarily due to lower prices of used vehicles. This unexpected softening of inflation led to a positive response in the US stock markets, with indices rallying, while the US dollar plummeted.
The market attention will be directed towards upcoming inflation reports from other major economies, as they will provide insights into potential monetary polices and guid investors behaviour.
Markets will particularly focus on the June CPI figures of the UK after the hooter than expected May data which showed the headline inflation rate at 8.7% and the core at 7.1% and led the bank of England to surprise with 50 basis points rate hike and hint at a prolonged period of tight monetary policy. Investors’ expectations suggest that interest rates in the UK could reach 6% by the end of 2023.
Additionally, the Eurozone inflation numbers are also scheduled to be released this week. Market anticipations point to a stabilization at 5.5% mainly driven by cheaper energy prices. That said, any lower-than-expected read will increase the odds to a possible rate hike pause in the European interest rates by the beginning of Q4 of 2023.
• CNH- GDP YoY (Q2)
• CNH- Industrial Production (JUN)
• ECB President Lagarde speech
• USD- Retail Sales (JUN)
• CAD- Inflation Rates YoY (JUN)
• USD- Industrial Production (JUN)
• NZD- Inflation Rates (Q2)
• GBP- Inflation Rates (JUN)
• EUR- Inflation Rates (JUN)
• USD- Building permits (JUN)
• Crude oil inventories
• AUD- Unemployment Rates (JUN)
• EUR – PPI (Germany- JUN
• JPY – Inflation Rates (JUN)
• GBP- Retail Sales (JUN)
• CAD- Retail Sales (JUN)
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.
