retail sales

retail sales

CWMFX Market Update 19 Sep 2014

8h ago
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Alibaba IPO, Scottish Referendum & Canadian CPI Data set the markets ablaze. FED Announcement sets the markets ablaze, while UK retail sales and Scottish Referendum Drive the UK Market (http://www.cwmfx.com/referendum/) Hello, good morning and welcome to the CWM FX market report coming to you directly from Heron Tower, 36th floor, today the 18th September 2014. So, last night’s trading: we saw some major moves across all US pairs and the US indices in particular. Now, it was the Fed’s Monetary Policy Statement meeting where [Janet] Yellen did announce that she will be cutting the asset purchasing program by a further $10 billion. She also announced that the interest rate hikes will not be made for some considerable time; however, she did have an announcement that short-term interest rate hikes may be on the horizon. Off the back of this, we’ve seen some major movements in the USD/JPY today, touching a fresh 6-year high at 108.86. Now, heading back to the UK – we had the retail sales figures come out today, both the retail sales for month-on-month (MoM) and the year-on-year (YoY). For the MoM figure we saw it come out in line with expectation at 0.4%, and on the YoY figure it rose considerably from the previous figure of 2.5% up to 4% this morning. Now, off the back of that we saw the GBP/USD trading at 1.6301 and after the retail sales figures came out, a nice and steady rally up to 1.6336. Don’t forget we obviously have the Scottish Referendum upon us as well, so expect some major movements across all GBP pairs, in particular the EUR/GBP, the GBP/USD and obviously the GBP/JPY. Now, we’ve also got a massive announcement that’s going to be affecting the entire world markets, and the US market in particular, which is the IPO of Alibaba. Now, they are anticipating it to raise US $25 billion and looking to fetch around $66-68 per share. Now, it is launching the New York Stock Exchange [NYSE] but don’t forget, that may have an impact on all major US indices that we can trade on our platform. Most importantly, contact your account manager, read the full report with the link below for the Scottish Referendum and always, trade smarter. Have a great day! =================== This video is intended for general information only and not in way to be used as investment advise, the information in this video may become out of date at any given time. CWMFX shall not be responsible in any way for losses that you may incur either directly or indirectly from any information in this video. Risk Warning: Trading Foreign Exchange (Forex) and Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. FX and CFDs carry a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. We do not offer any of our services to citizens or residents of USA and/or Iran. Seek independent advice, if necessary. Please read Leverate’s Risk Disclosure Statement. CWM FX is powered by Leverate. Leverate Financial Services is a company authorised and regulated by Cyprus Securities and Exchange Commission (160/11).