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

USD gains amid Fed rate cut speculations

News

Is the silver squeeze back?

News

Li Auto’s stock hits a speedbump on Q1 results

News

Gold closes week higher on rate cut speculations

News

Week Ahead Preview: 20th of May

News

Walmart’s stock hits record high on Q1 results

Trends & Analysis
News

USD gains amid Fed rate cut speculations

News

Is the silver squeeze back?

News

Li Auto’s stock hits a speedbump on Q1 results

News

Gold closes week higher on rate cut speculations

News

Week Ahead Preview: 20th of May

News

Walmart’s stock hits record high on Q1 results

Weekly Market Preview

Week Ahead Preview:

23th of October

 

Friday, Oct 20, 2023

Federal Reserve members, including Chairman Powell, have suggested that there’s a possibility of keeping interest rates unchanged at the upcoming November FOMC meeting. This potential stance is in response to the recent increase in US bond yields, which is essentially a form of monetary tightening, as it leads to higher borrowing costs, particularly for things like mortgages. As a result, the US Central Bank may lean towards maintaining the current interest rates, even though headline inflation YoY exceeded expectations at 3.7% in September. Furthermore, the ongoing robust performance of the US labour market, illustrated by the addition of over 300,000 jobs in September, contributes to this leaning.

Market watchers will closely observe the European Central Bank’s (ECB) decision on interest rates. It’s expected that the ECB will maintain its current rates. It appears that the ECB’s board members believe the current interest rates are sufficiently high to address prevailing inflation levels, with the Consumer Price Index (CPI) headline declining to 4.3% in September. However, pursuing further interest rate hikes raises the risk of pushing the European economy into stagflation. The primary determinant of whether European interest rates have already peaked is the trajectory of global energy prices. If these prices continue to rise, it may prompt the Central Bank to consider another 25-basis points rate hike before the end of this year.

Additionally, investors are awaiting the Bank of Canada’s decision on interest rates, which is also expected to keep the current rates unchanged at 5%. Nevertheless, the persistent strength of the US labour market keeps the possibility open for the Canadian Central Bank to increase rates by 25 basis points before the end of the year.

 

Economic Data Highlights

 

Monday 23th of October

 

Tuesday 24th of October
  • GBP- Unemployment rates (Aug)
  • EUR- GfK consumer climate (Germany- Nov)
  • EUR- Manufacturing and services sectors PMI flash (Oct)
  • GBP- Manufacturing and services sectors PMI flash (Oct)
  • USD- Manufacturing and services sectors PMI flash (Oct)
Wednesday 25th of October
  • AUD- Inflation rates (Q3)
  • USD- Building permits and new home sales (Sep)
  • Bank of Canada interest rates decision
  • US Oil inventories
Thursday 26th of October
  • Fed Chair Powell speech
  • ECB interest rates decision
  • USD- Durable goods orders (Sep)
  • USD- GDP (Q3)
  • Fed Waller speech
Friday 27th of October 
  • AUD- Producer Price Index (Q3)
  • USD- Personal consumption expenditure (Sep)
  • USD- Michigan consumer expectations (Oct)

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.