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Trends & Analysis
News

Gold continues to shine amid geopolitical worries

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Crude oil dips for 3rd session after supply data

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Is there an AI upside for AMD?

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GBP/USD recovers following wage report

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Buy the JPMorgan dip?

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Trends & Analysis
News

Gold continues to shine amid geopolitical worries

News

Crude oil dips for 3rd session after supply data

News

Is there an AI upside for AMD?

News

GBP/USD recovers following wage report

News

Buy the JPMorgan dip?

News

Goldman Sachs shares surge after earnings beat

Weekly Market Preview

Week Ahead Preview:

2nd of October

 

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.

 

Economic Data Highlights

 

Monday 2nd of October
  • EUR- Unemployment rates (Sep)
  • USD- ISM Manufacturing PMI (Sep)
  • Fed Chair Powell speech
  • Fed members Harker and Williams speeches
Tuesday 3rd of October
  • Fed Mester speech
  • RBA interest rates decision
  • CHF- inflation rate (Sep)
  • Fed member Bostic speech
Wednesday 4th of October
  • RBNZ rate decision
  • ECB president Lagarde’s speech
  • GBP- S&P services PMI (Sep)
  • OPEC meeting
  • USD- ISM non-manufacturing PMI (Sep)
  • US crude oil inventories
Thursday 5th of October
  • Fed Mester speech
  • Fed Daly speech
Friday 6th of October 
  • USD- Nonfarm payrolls (Sep)
  • USD- Unemployment rates (Sep)
  • Fed member Waller speech

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