Trading. Inspired.


Bespoke trading conditions and solutions for the discerning trader.


Regulated

FCA & CySEC

Spreads from

0.0 pips

Leverage

up to 1:500

CFD asset classes

6

Negative balance
protection

LATEST MARKET NEWS

Global Stocks Advance as Crude Gains for Third Day
CAD was the biggest mover on Friday with a sharp fall after the Canadian CPI slowed even more than expected. At only 1.3% yoy, it is actually at the bottom of the Bank of Canada’s 1%-3% target range. This means that it will be less likely to have a rate hike during the July meeting; the probability of a hike plunged from 56% to only 37%.

The weak CPI figures make Wednesday’s speeches by Bank of Canada Deputy Governor Patterson and Governor Poloz to be even more important as they are going to give a better idea if the rate hike is actually possible or not. In addition, the GDP figures on Wednesday will also indicate the possibility of recovering inflation, too.

https://media.clawshorns.com/uploads/files/94b0083475fd3cb91781b0fa8b95f9a3.png

Fundamental Analysis- Global Stocks Advance as Crude Gains for Third Day


As soon as the European day starts, we are going to closely watch the IFO Expectations survey. Right now, as it is closely watched, it is expected to show a modest decline with regards to the current conditions and business expectations for the next six months.
https://media.clawshorns.com/uploads/files/aeb615af32c59733f5a89ff583e0c118.png
That would be in consonance with the fall in the German composite PMI which was announced on Friday, and therefore, this won’t come as a surprise to the market and most probably won’t affect the euro in any way.
https://media.clawshorns.com/uploads/files/56b1909c57250f4374536e4e7882375c.png
The British Bankers’ Association figures on loans for house purchase are predicted to slightly drop, too. This would be in line with the recent decline in property prices in the UK, probably due to the uncertainty around Brexit negotiations. Even though this wouldn’t be a surprise to anyone, it will still negatively affect the sterling.
https://media.clawshorns.com/uploads/files/0c1aed8f165e386dc386eec131de6ff5.png
Today, US durable goods orders are predicted to have a sharp fall again at the headline level and this is a result of a drop in aircraft and defense sales. Nondefense capital goods orders are expected to show a decent rise and this could help restore some confidence around US economic indicators and subsequently boost the dollar.

On a final note, later on today President Mario Draghi, the president of the European Central Bank, will make a speech in Portugal right before Janet Yellen appears in London tomorrow. Last week, markets were affected by a plunge in oil while equities, treasuries and the dollar all made little progress. Haruhiko Kuroda, Bank of Japan’s Governor will also be speaking at the ECB forum and therefore, the heads of the most important central banks have the opportunity today to shape discussion and offer more clues and solutions regarding future policy.

Source: Claws & Horns

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.
...
Read More

TRADE NOW

Start trading on 6 CFD Asset Classes now.


View full terms and conditions

Tight spreads

Tight, reliable and transparent spreads on a multitude of highly mobile markets, forex from 0.0 pips, indices from 0.5 points and oils from 4 points.

Trade Everywhere

Use the industry preferred MT4 platform to trade anywhere, anytime on mobile or desktop.

Full Suite of Education Tools

No matter what level trader you are STO offers you access to expertly created education materials to master advanced concepts, strategies and various types of trading.

Trade Confidently with a Regulated Broker

STO is a fully regulated and registered broker ensuring you can trade confidently no matter what market, CFD instrument or account you choose to trade with.

FX and CFD trading are high risk and may not be suitable for everyone, ensure you fully understand the risks. You may sustain a loss of some or all of your invested capital.You may sustain a loss of some or all of your invested capital

TRADE NOW RISK FREE DEMO