Plan your strategies for the trading week ahead with key insights from our team.
Welcome to LCG’s look ahead to the key events in markets for the week starting May 15th, 2017.
We’re coming into another week with stocks at record highs and volatility at rock bottom (VIX index at a 24 year low). Things are very calm right now – and that’s typically what happens before the next panic.
In fact there have been some signs of market stress already. In today’s video we discuss silver- which has been decimated over the last month. Chinese economic data has been slowing – weighing on commodities in general – including oil. This week we have more China data on tap.
Last week was notably good for the Nasdaq (US Tech 100) as Apple topped a market cap of $800bn for the first time. The upcoming UK General Election has boosted the FTSE (UK 100) – whether we reach a record high this week could depend on the release of political party manifestos. Labour’s was leaked last week and the Tories are scheduled to release theirs on Monday (15th).
The Pound fell during the Bank of England meeting last week but GBPUSD remains within spitting distance of 1.30. There is Eurozone growth and inflation data next week which could play a role in whether EURUSD makes another run at 1.10.
The information and comments provided herein under no circumstances are to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice. The information provided is believed to be accurate at the date the information is produced. Losses can exceed deposits.