A world of Trading assets

News and Insights

It’s the mother of all markets, making all other types of trading possible. Every three years the Bank of International Settlements releases its survey of foreign exchange and OTC derivatives markets.
A world of Trading assets

2021/06/21 Market Chat

Authored by ZanderVanDerMerwe
21.06.2021
Market Commentary
0
2 min

Carnage ran rampant through the latter part of last week as the shift to risk-off investments started, resulting in a huge amount of dollar strength that came into the markets. Precious metals came tumbling down pricing in the inflationary mitigation from the expected interest rate hikes. The crypto market did not fare any better as Bitcoin and Ethereum both came down to their 3-month lows as Dollar strength got the better of the alternative asset class.

There is a fairly quiet week ahead as PMI figures are set to be released, ECB President Lagarde is set to testify in front of the European Parliament Economic and Monetary Affairs Committee on Monday afternoon. Fed Chair Powell is also set to testify in front of the House Select Subcommittee on the Coronavirus Crisis.

Monday (SAST)
4:15 pm - ECB President Lagarde Speaks
Due to testify at a virtual hearing before the European Parliament Economic and Monetary Affairs Committee

Tuesday (SAST)
8:00 pm - Fed Chair Powell Testifies
Due to testify on the Fed’s emergency lending programs and current policies before the House Select Subcommittee on the Coronavirus Crisis

Wednesday (SAST)
9:15 am - French Flash PMI (EUR)
9:30 am - German Flash PMI (EUR)
10:00 am - Flash PMI (EUR)
10:30 am - Flash PMI (GBP)
3:45 pm - Flash PMI (USD)
4:30 pm - Crude Oil Inventories (USD)

Thursday (SAST)
1:00 pm - Asset Purchase Facility (GBP)
- MPC Asset Purchase Facility Votes (GBP)
- Monetary Policy Summary (GBP)
2:30 pm - Final GBP q/q (USD)
- Unemployment Claims (USD)

Friday (SAST)
2:30 pm - Core PCE Price Index m/m (USD)
4:00 pm - Revised UoM Consumer Sentiment (USD

Authored by ZanderVanDerMerwe
21.06.2021
Market Commentary
0
2 min

latest news

TD Markets

Africa’s Favourite broker

TD Markets provides you with access to the industry leading platform, Metatrader 4. This platform, easily accessible from any device, facilitates your trading experience by offering numerous tools, including indicators, expert advisors and open source algorithmic trading scripts.
Why TD Markets