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
Monday, August 28, 2023
Markets will be eagerly anticipating a set of key economic data releases this week of the world’s largest economies. Investors are poised to gain more insights about the US economy through crucial reports such as the US jobs report for August. This report will shed light on the performance of the labour market, while the US consumer spending index for July, a key metric for the Federal Reserve’s inflation assessment, will also be closely watched.
The above-mentioned data will have a substantial weight in shaping expectations for the Federal Reserve’s upcoming September decision whether to hike 25 basis point, pushing rates to 5.75%, or maintain the current 5.5% rate. It’s noteworthy that markets have not priced in any rate hikes, as they await the outcome of these data releases, including the US CPI report for August.
On the other side of the pond, the European Central Bank rate’s decision of September will hinge on the inflation levels of August due this week. It is noteworthy that any higher than 5% level are likely to lead the central bank to continue its rate hike cycle. However, it’s crucial to consider the trajectory of European growth, which might experience further decline due to the concurrent rise in interest rates. Indicators like the manufacturing PMI remains below the-50 threshold, and recently the services sector PMI has dropped below 50 for the first time this year, suggesting that the European economy could be heading to stagflation.
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.
