IC Markets told about the peculiarities of trading in the coming week
IC Markets told about the peculiarities of trading in the coming week
IC Markets, one of the world’s leading forex and CFD brokers, has outlined the critical events and trading features that traders should watch for in the upcoming week, commencing September 30, 2024. As market volatility remains high, driven by global economic shifts and significant data releases, the broker’s insights are essential for those looking to navigate the turbulent financial landscape effectively.
According to IC Markets, this week will be dominated by a series of key macroeconomic reports, central bank decisions, and ongoing geopolitical developments that could significantly impact market sentiment. Foremost among these events is the highly anticipated U.S. Non-Farm Payrolls (NFP) report, scheduled for release on Friday, October 4.
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Historically, the NFP has been one of the most influential economic indicators, with its figures providing crucial insights into the U.S. labor market's strength. A strong report could bolster expectations of higher interest rates, which may boost the U.S. dollar but weigh on equity markets and risk-sensitive assets.
In addition to the NFP report, IC Markets also points to other notable events that could influence trading across major asset classes.New Zealand and Australian markets will be in focus on Tuesday.
In Europe, Switzerland's inflation data will be released midweek, which could shape market expectations around the European Central Bank’s monetary policy path. With inflation still a concern for many central banks globally, traders will be keen to see whether price pressures in Europe have eased, potentially influencing the euro’s performance against other currencies.
Asian markets are also expected to be volatile, with key manufacturing data from China and Japan scheduled for release. Given China’s role as a major driver of global economic growth, any signs of a slowdown could lead to risk aversion in global markets, affecting commodities and emerging market currencies.
IC Markets emphasizes that traders should also be mindful of ongoing geopolitical risks, including U.S.-China tensions and developments in the Middle East, which continue to inject uncertainty into markets. These external risks could further heighten market volatility and create opportunities for short-term traders.
Beyond economic data and geopolitical factors, IC Markets highlights the importance of technical analysis in this environment. The broker advises its clients to stay alert to key support and resistance levels, particularly in high-liquidity assets like the EUR/USD, GBP/USD, and major indices such as the S&P 500 and Nasdaq 100. With the potential for large market moves around data releases, IC Markets underscores the importance of having a solid risk management strategy, including the use of stop-loss orders to mitigate potential losses.
Traders should stay informed and adaptable, ready to adjust their strategies as new information emerges. IC Markets continues to provide detailed market analysis and tools to help traders navigate these challenging conditions.
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