Look ahead: UK election; German factory orders; EU-China trade tit-for-tat
FX traders on high alert with the UK and French election result just round the corner. Germany releases its latest factory orders. Plus, how to trade the EU-China tit-for-tat.
The bloc is set to confirm provisional duties of up to 37.6% on Chinese brands such as BYD, Geely and SAIC, as well as on China-made models of Tesla and BMW.
(AI Video Summary)
Volatile week for the markets
Today's "Look ahead" discussion revolves around a particularly volatile week in financial markets due to upcoming elections in the UK and France, and significant economic data releases, including non-farm payrolls (NFPs) in the US. Chris Vecchio of Tastylive discusses trading strategies amidst this turbulence, highlighting opportunities to trade against prevailing market fears, particularly with the euro and British pound amidst election outcomes and EU-China trade tensions.
US economic indicators
Moreover, US economic indicators, such as job data and the Federal Reserve's (Fed) interest rates decision, are influencing market expectations, with potential implications for the US dollar and bond markets. Vecchio also touches on the Australian dollar's performance in relation to trade balances and global economic factors.
This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only