Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
News

Decisions, data and holidays to shape trading

Impending market events and holidays across the Asia Pacific region could see a muted start to trading today. The RBA will release its interest rate decision this afternoon ahead of the Fed’s announcement tomorrow night. Resources are in focus as the deadline for temporary tariff exemptions approaches, and a rally in oil prices, despite a strengthening US dollar, demands attention.

Personal consumption data in the US shows inflation lifted to the target of 2%. The dollar lifted but band traders refused to budge. Interest rate markets are pricing a 35% chance of a hike tomorrow night, but a 93% probability at the June meeting. Opinion is evenly split between two and three further rises this year, and any shift in this pricing in light of coming events will echo through global markets.

Holidays this week in Japan and China may mean lower volumes today. Israel’s claims of proof of an Iranian nuclear weapons program boosted the prospect of sanctions and therefore oil prices.

Temporary exemptions from steel and aluminium tariffs for select US trade partners expire tonight, with no indication so far of whether there will be extensions. This weighs on base metals markets and has potential to reassert trade concerns as a primary market driver.


Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.