Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
Please note that you are entering the site for INFINOX Limited in Mauritius, who is regulated by The Financial Services Commission of Mauritius.
By clicking Continue, you acknowledge the information below.
You confirm that you wish to continue to open an account with INFINOX Limited in Mauritius, who is regulated by The Financial Services Commission of Mauritius.
By clicking continue, you acknowledge that you will not receive the protections that you would normally be afforded under EU regulation.
This website does not provide services to UK Clients.
Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
UK jobs data released today showed a surprise increase in wages, which boosted the odds of another 25 basis point rate hike by the Bank of England (BoE) to 90%.
This week is relatively quiet on news this week, with the major headline being the FOMC minutes being released on Wednesday.
Recent economic data has been mixed, with better jobs data but a big surprise move lower in inflation last week.
In the world of finance, we often witness a delicate dance between uncertainty and opportunity. Geopolitical tensions are one of those variables that frequently cast shadows of doubt on the financial landscape. Today, we aim to explore how these tensions create fear in the marketplace and why investors often seek refuge in safe havens to protect their capital.
Economic Calendar: UK Jobs & PMI Data, AUD CPI Data, German and French Flash PMI Data, ECB Policy Decision.
Risk assets tumbled last night as geopolitical tensions saw more escalations. Talks of attacks on US Navy ships sent geopolitical jitters across markets boosting gold and oil prices.
Today, the financial markets continue to closely monitor the US 10-year Treasury yields as they edge closer to the 5% threshold. This ongoing climb in yields, which reached a new cycle high last night, has added further pressure to risk appetite.
China's data releases this morning showed some marginal signs of improvement, with retail sales, industrial production, unemployment, and Q3 GDP all printing better than expected. This gave the AUD a boost, and allowed traders to take some profit on AUDCAD longs from yesterday.
Crude oil prices have managed to sustain the gains observed last Friday, with market attention keenly focused on the unfolding events in the Middle East.
Markets are relatively quiet today as participants digest yesterday's risk off flows following the slightly better than expected US CPI and a weak 30-year treasury auction. WTI saw a big bounce trading to $85.37 as geopolitical issues remain in focus.
Equities continued their march higher today, with the S&P 500 trading at its highest levels in three weeks. The move higher happened despite a big beat in US PPI data yesterday, which showed that inflation is still stubbornly high.
If we see a big miss in the PPI data today, we could look for downside opportunities in the USD versus the AUD, EUR, and XAU (gold), as well as possible long opportunities in equities.
Equity markets continue to bounce following Friday's NFP report, with ES futures up over 3% from their lows. Bond yields drifted lower yesterday, with US10Y falling back below the 4.70% level.
Level up your trading activity - discover the INFINOX experience today.
Research & Insights
Our research will arm you with everything that you need to know to make the most of your financial trading opportunities.
Education
Curated especially for new traders. Our educational suite is an essential toolkit to getting started with your trading journey.
Apply online, quick & simple registration
Send us proof of identity and/or address for verification *Required for trading
Make your deposit easily, quickly and securely to start placing orders
Enjoy over 900 instruments to trade through INFINOX