Michael Kramer
Michael Kramer highlights the near-term levels to watch across major stock indices, FX pairs and commodities ahead of Thursday’s US inflation data. Analysts estimate that US consumer prices grew 2.3% in the year to September, easing from 2.5% in August. However, the swaps market suggests that traders are pricing in the possibility of a 2.4% yearly increase. After a strong US jobs report last week, even a slight upside surprise on US inflation could reduce the likelihood of a second large interest rate cut from the Federal Reserve next month, potentially strengthening the dollar while weighing on US indices. Meanwhile, an announcement from China yesterday disappointed traders as it failed to provide details of how the government plans to use its recently unveiled stimulus package to boost economic growth.
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This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. CMC shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember spread betting and trading CFDs carries significant risks and may not be suitable for all investors.