29.08.2016 - The fall on the US market has become more likely

On Friday in the United States was published a preliminary report on GDP growth in the second quarter. Thus, the figure was 1.1%, in line with expectations, but it was 0.1% less than the previous estimate. It is worth noting that in the first quarter it grew by 0.8%. Growth in consumer spending helped to offset a decline in housing construction. It should be noted that the labor market shows stable growth, which increases the probability of monetary tightening this year. This step will negatively affect the US stock indexes. We expect the beginning of a correction by 10-15% in the near future.

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.