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, Sep 15, 2023
This week is poised to be pivotal for investors, featuring crucial economic data and significant rate decisions from major central banks. In a surprising move during its last meeting, the European Central Bank (ECB) raised interest rates by 25 basis points, catching the market off guard. However, this move didn’t result in a significant positive impact on the Euro’s price. The ECB hinted that this rate hike might mark the conclusion of the ongoing rate hikes cycle.
Simultaneously, market attention is keenly directed toward the Federal Open Market Committee (FOMC) meeting. Market expectations lean towards the Fed maintaining the current rates at 5.5%, with any potential action more likely to occur in the November meeting. During this meeting, the Fed will also release crucial data, including inflation and growth projections, accompanied by the dot plot illustrating FOMC members’ expectations for interest rates in both the short and long terms.
Furthermore, the Bank of England (BoE) is anticipated to increase rates by 25 basis points in the upcoming meeting this week. However, the nature of this hike is expected to be dovish, given hints from the BoE governor indicating that UK interest rates are nearing a peak.
While there’s a growing likelihood that some central banks may halt their rate hikes, it’s important to note that this doesn’t necessarily imply an imminent rate cut. Interest rates may remain elevated for an extended period, reinforcing the theme of “higher for longer.”
ADSS
8th floor, CI Tower
Corniche Road
PO Box 93894
Abu Dhabi
United Arab Emirates
Trading Services
ts@adss.com
+971 2 657 2414
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.
