69% av ikke-profesjonelle kunder taper penger når de handler i CFD-er. Du bør vurdere om du har råd til å ta den høye risikoen for å tape pengene dine.


Norges Bank, Oil, Brexit and Obamacare in focus for trading

Today looks like it could be active for trading across a number of fronts. 

The impact of yesterday's big drop inm the price of oil on energy stocks has been worki‎ng its way through world markets overnight. While US index futures, the Dax and the Nikkei are all down marginally, resource weighted indices like the FTSE down 0.4% and Australia's S&PASX down 0.9% have underperformed.

So far this morning, Oil has been bouncing back a bit on no news. WTI is up 0.4% while Brent has regained the $45.00 level. Oil sensitive currencies like CAD are also rebounding.

Major currencies have been steady overnight while gold has bounced cack above $1,250. The top performing currencies have been NZD and NOK in response to central bank meetings. Both the RBNZ and Norges Bank held interest rates steady and put out generally balanced statements. Post-meeting currency rallies indicate that traders had been expecting them to be more dovish. Instead, it appears that more resource country central banks are following the Bank of Canada's lead from last week, deciding at least  not to add more stimulus if not yet ready to start reducing stimulus.

An emerging hawkish shift at central banks may also continue to impact US and UK trading. Traders continue to digest the hawkish turn taken by three MPC members in the last few days including former dove Haldane. In the US today Fed Governor Powell is scheduled to speak with stress test results for US banks due after the close today.  four FOMC members are scheduled to speak including

For the UK, Brexit remains in focus with PM May set to speak at an EU summit on her plan for the rights of EU citizens living in the UK and future freedom of movement, potentially one of the key issues in negotiations‎. 

In the US, health care stocks may take the spotlight today. The Senate is expected to announce its proposal for Obamacare reform.‎ Discussions have been going on behind the scenes with a vote likely soon, but it's not clear if the proposal has enough support to pass. 

Corporate News

Oracle        $0.89 vs street $0.78, sales $10.9B vs street $10.4B

Economic News

Significant announcements released overnight include:

NZ RBNZ interest rate        1.75% no change expected
Norway interest rate        0.50% no change as expected

Upcoming significant economic announcements include:

8:30 am EDT        US jobless claims        street 240K

8:30 am EDT        Canada retail sales        street 0.3% vs previous 0.7%
8:30 am EDT        Canada retail ex auto        street 0.7% vs previous (0.2%)

10:00 am EDT         FOMC Powell speaking


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. 

CMC Markets er en ‘execution-only service’ leverandør. Dette materialet (uansett om det uttaler seg om meninger eller ikke) er kun til generell informasjon, og tar ikke hensyn til dine personlige forhold eller mål. Ingenting i dette materialet er (eller bør anses å være) økonomiske, investeringer eller andre råd som avhengighet bør plasseres på. Ingen mening gitt i materialet utgjør en anbefaling fra CMC Markets eller forfatteren om at en bestemt investering, sikkerhet, transaksjon eller investeringsstrategi. Denne informasjonen er ikke utarbeidet i samsvar med regelverket for investeringsanalyser. Selv om vi ikke uttrykkelig er forhindret fra å opptre før vi har gitt dette innholdet, prøver vi ikke å dra nytte av det før det blir formidlet.

Finanstilsynets standardiserte risikoadvarsel: CFDer er komplekse finansielle instrumenter og investeringer i disse innebærer høy risiko for å tape penger raskt, grunnet gearing. 69% av ikke-profesjonelle kunder taper penger når de handler i slike produkter med denne tilbyderen. Du bør vurdere om du forstår hvordan CFDer fungerer og om du har råd til å ta den høye risikoen for å tape pengene dine.