CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.

Three markets to watch next week (17.09.2021)

16:10 17 September 2021

While this week was interesting as investors were offered US inflation and retail sales readings, it is nowhere near as interesting as the week ahead! Monetary policy from the Federal Reserve, Bank of Japan and Bank of England combined with releases of flash PMIs for September are likely to keep markets moving. Be sure to watch GOLD, GBPJPY and DE30 next week.

GOLD

Recent data from the United States have been mixed. While non-farm payrolls missed expectations significantly, inflation remained high and retail sales data turned out to be much better than market expected. FOMC will announce a monetary policy decision this Wednesday at 7:00 pm BST. A point to note is that a new set of macroeconomic forecasts will be released as well and it may shed some light on whether tapering is coming this year or not. Gold price was negatively impacted by recent improvement in US data as taper concerns mounted and it is expected to become more volatile around policy announcement.

GBPJPY

While the monetary policy decision from the US is a key event of the week, it is not the only decision scheduled for next week. Bank of Japan will announce its next move on Wednesday (3:00 am BST) while Bank of England will follow on Thursday (12:00 pm BST). Recent turmoil in Japanese politics is likely to encourage BoJ to stay on hold but BoE may be forced to provide an explanation for the latest surge in inflation. GBPJPY more or less followed moves of the equity markets this week but the pair will become more vulnerable to country-specific events in the week ahead.

DE30

Decisions from major central banks will likely have an impact not only on the gold and FX markets but also on the stock indices. However, equities will also get another opportunity to move on Thursday - release of flash PMIs for September from Europe and the United States. German reading at 8:30 am BST while US reading will be released at 2:45 pm BST. In both cases, slightly weaker readings are expected. DE30 has lost some ground last week and PMI releases may be a chance for a recovery.

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back