The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here

18.11.2016 - US indices continue to consolidate around historical highs

US stock indexes showed quite modest growth against the backdrop of a large number of positive statistics. Thus, the number of unemployment claims last week fell to its lowest level since November of 1973 - 235 thousand, the consumer price index increased by 0.4% in October, which is 0.1% more than the forecast, while the number of housing starts reached 1.32 million compared to 1.05 million a month earlier. On the other hand, a high probability of raising interest rates after the Fed meeting on 13-14 December, will have a negative impact on US stock indexes. Today, little influence on the course of trading will have the speeches of the Fed’s officials. Our medium-term outlook for US equity markets remains negative.


European stock indices show a slight decline after in the Eurozone has been published statistics on the balance of payments surplus which totaled 25.3 billion euros vs. expected 31.3 billion euros. It is worth noting that the ECB President in his speech noted the intention to continue the asset purchasing program by 80 billion euros monthly on the background of low inflation, which was only 0.5%, against a target of 2.0% .On the other hand, Mr. Draghi pointed to encouraging signs of both improvement in the employment situation and reduced dependence on exports but said about geopolitical risks and the weak profits of banks. We forecast a drop on the markets of the region in the medium term and the potential for growth in the near future is low.

Markets in the Asia-Pacific region continue to consolidate. The fall of the yen is the incentive to buy shares of export-oriented companies. On the other hand, uncertainty about the prospects for the Trans-Pacific Partnership will restrain the bulls. The expected increase of the Fed’s interest rates and the growth of the US dollar will trigger capital movement away from emerging markets. We forecast a drop on the markets of the region in the coming weeks and in the medium term.

calendar | Календарь
information

We would like to remind you that although trading of derivatives on margin may offer many benefits, it is important to note that it also carries a high level of risk. Please click here to read our full ‘Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
I ACCEPT
The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
Close