In the wake of the Non-farm Payrolls report, traders continue to weigh up the expectations of when the Federal Open Market Committee (FOMC) is likely to finally make a move on interest rates. Every announcement of key US economic data is being scrutinized for how it will influence on whether it will be September, December or perhaps even pushed back into 2016. This is impacting across markets however, bond markets and forex markets take the full force of this sentiment. The other factor that traders are increasingly having to cope with is that Chinese economic data continues to deteriorate and this is impacting across commodity trades. Falling prices of commodities is deflationary and this not only impacts on currencies, but also equity markets. Traders have an awful lot to ponder as they come back to their desks after the summer holidays.
Read Richard’s Market Overview Report “China and expectations over a Fed rate hike continue to dominate trading sentiment”.
At Hantec Markets Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.