Post by IC Markets

Markets closed last week at record highs but that sentiment has reversed sharply over the weekend. Iran has again shut the Strait of Hormuz and Israel-Hezbollah hostilities have resumed, pointing to a volatile Monday open with downside gapping expected across risk assets. Alongside the geopolitical developments, the macro calendar includes: Monday — Chinese Loan Prime Rate | Canadian CPI Data Tuesday — NZ CPI | UK Employment | US Retail Sales | Fed Chair Designate Warsh Senate Testimony Wednesday — UK CPI & PPI | US Crude Oil Inventories | ECB's Lagarde & Buba's Nagel Thursday — Flash PMIs across Australia, France, Germany, EU, UK & US | Unemployment Claims Friday — UK & Canadian Retail Sales | SNB's Schlegel speaking With geopolitics back in control and a packed data calendar from Tuesday onwards, volatility is expected to remain elevated throughout the week. *** Trading in securities involves significant risk. Prices may fluctuate and securities may become valueless. Losses may exceed deposits. These products are complex and require appropriate knowledge. #IC #ICGlobal #WeekAhead #GeopoliticalRisk #USRetailSales #UKCPI #FlashPMI #Warsh #ForexNews #MarketVolatility #TradeTheMarkets #OilTrading