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, Oct 02, 2023
An agreement has been reached between the American Republican and Democratic parties, effectively averting a government shutdown. President Biden signed the law on Saturday evening, ensuring that the government will remain operational until the 17th of November. Notably, this agreement did not include any aid to Ukraine. However, the Democrats have committed to helping through a separate bill distinct from the government budget.
This week, the market’s focus will be the speeches by heads of major central banks. Investors will closely listen to these speeches, paying particular attention to any indications regarding the central banks’ tolerance for elevated levels of inflation without hiking rates further and whether they could wait for inflation to decline at a gradual pace, considering the prevailing interest rate environment.
Furthermore, towards the end of this week, the US jobs data for September is scheduled to be released. Projections suggest a potential decrease in job additions by the US economy, dropping from 187,000 jobs added in August to an estimated 163,000 jobs in September. Any lower-than-expected data could lead inflation even lower and provide room for the Federal Reserve to reconsider the anticipated 25-basis point interest rate hike penciled in the FOMC November meeting.
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.
