5 Things to Know In the Market on Wednesday

31.08.2016 / 13:49

Rating:

1. Fedspeak flow continues to point to hike
Comments from Federal Reserve (Fed) officials continued on Wednesday with the balance of remarks leaning more towards the hawkish camp.
Boston Fed president Eric Rosengren suggested on Wednesday that the U.S. central bank would soon reach its goals and suggested that a faster increase in interest rates could help stave off risks to the economy.

2. U.S. 10-year yield on track for biggest monthly gain in more than a year
Increasing odds for the Fed to hike rates this year had pushed the yield on the benchmark sovereign bond to its largest monthly gain in more than a year.
10-year U.S. treasure yields traded near 1.58% on Wednesday, bringing the rise in August to 12 basis points, the most since June 2015.

3. ADP employment change to give preview for Friday’s jobs report
While not viewed as a reliable guide for the government jobs report due on Friday, the ADP employment change for August will give guidance on private-sector hiring.
Consensus is expecting the U.S. economy to create 175,000 jobs in the ADP release, slightly less the 178,000 private nonfarm payrolls estimated for Friday’s official employment report.

4. Gold near 2-month low, dollar near 3-week high while waiting for jobs data
Gold prices struggled near a two-month low while the dollar held near a three-week high on Wednesday, as investors looked ahead to upcoming U.S. data to gauge if the world's largest economy is strong enough to withstand a rise in borrowing costs in the coming months.

5. Oil drops on bearish bets for U.S. stockpiles
Oil prices fell sharply during European hours on Wednesday, touching a two-week low and with West Texas dropping briefly below $46 a barrel as market players awaited fresh weekly information on U.S. stockpiles of crude and refined products.

Varchev Traders

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

5 Things to Know In the Market on Wednesday

London

Universal numbers