www.varchev.com

Caution and profit taking in front of the US open

New York

Rating:

12345
Loading...

US stocks are expected to open lower today. The main reason for the decline in risk assets is investor caution before the upcoming US Donald Trump meeting and China's President Xi Jinping at the G-20 meeting this Sunday.

The week was good as J.Powell sent the shares up a lot and now there is likely to be profits taking, which in turn could lead to even bigger stock market declines today.

The minutes of the FED meeting yesterday also contributed to negativism before the start of the session, making it clear that the US Federal Reserve is likely to continue with interest rate hikes. This time at least a slight reassurance may be that bankers are still concerned about the effect that will result in such a policy of tightening.

Today, we do not expect major economic news during the session, as only we will wait for the Canada's GDP data at 15:30, which coincides with the launch of interbank trading in the US, and there is likely to be a USDCAD volatility that we can benefit from.


 Trader Nikolay Georgiev

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

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

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.

chat with dealer
chat with dealer
Cookies policy