Join the PU Xtrader Challenge Today
Trade with simulated capital and earn real profits after you pass our trader assessment.
Join the PU Xtrader Challenge Today
Trade with simulated capital and earn real profits after you pass our trader assessment.
9 November 2023,23:57
Weekly Outlook
9 November 2023, 23:57
The recent consumer price index, which serves as a significant indicator of inflation, rose by 0.4%. Several Federal Reserve officials have expressed the view that these increases might eliminate the necessity for additional policy tightening. As a result, markets are currently assigning only a low probability to the central bank voting in favour of a rate hike before the year’s end.
Japan’s Gross Domestic Product (GDP) for the previous month fell by 1.2%, which was below market expectations. This disappointing figure is likely due to sluggish consumption and exports. Governor Kazuo Ueda has emphasised the importance of maintaining an ultra-loose monetary policy until the economy demonstrates sufficient strength to generate substantial wage growth.
In September, inflation in the United Kingdom stood at 6.7%, which was slightly higher than anticipated. The most significant factor causing this is the rising fuel prices. Economists believe that the UK’s gradual approach to returning to the Bank of England’s 2% inflation target is unlikely to see a rapid acceleration in the near future.
The final demand producer price index rose by 0.5% last month, a decrease from the previous month’s 0.7%, primarily due to higher costs for energy products and food. This report indicates that persistent inflation may continue, and it could lead to higher interest rates. The financial markets are closely watching this report for any hints of possible interest rate increases by the Federal Reserve.
Tuesday, oil prices experienced a decline of over 4%, reaching their lowest point since late July. This drop can be attributed to a combination of factors such as mixed Chinese economic data, increased OPEC exports, and the strengthening of the dollar. Currently, traders will remain vigilant for any indications of a larger conflict emerging in the region that could potentially disrupt oil supplies.
Trade with simulated capital and earn real profits after you pass our trader assessment.
20 September 2024, 02:37 Fed’s Jumbo Rate Cut, Market Set To Rattle
13 September 2024, 02:11 Fed Rate Watch: The Week That Moves Markets!
6 September 2024, 02:12 Market Weigh the Odds, CPI To Tip the Scales?
Disclaimer: This website exclusively provides proprietary trading services. We do not engage in any regulated activities, offer investment management services, or manage funds on behalf of external clients. Our trading activities are conducted solely with the firm's own capital, and we do not accept client deposits or manage client accounts. It's important to note that none of the services we provide should be construed as investment or financial services in accordance with applicable laws.
This website offers services related to professional skill and experience assessment, which determine your eligibility to trade with the firm's capital. The outcome of these services is inherently determined by your individual skill level and ability to perform within the trading requirements and objectives outlined for each service separately. Clients are strongly advised to thoroughly understand the requirements of the services before signing up for any.
The content provided on this website is for informational purposes only and does not constitute financial, investment, or trading advice. The information presented is based on sources believed to be reliable, but we do not guarantee its accuracy, completeness, or timeliness. We disclaim any liability for any loss or damage arising directly or indirectly from the use of or reliance on the information provided on this website.
This website is not directed to residents of certain jurisdictions such as the United States, Singapore, Australia, China, Pakistan and some other specified regions, and is not intended for distribution to, or use by, any person in any countries or jurisdictions where such distribution or use would be contrary to local law or regulation.
